{"id":7377,"date":"2015-05-16T12:59:09","date_gmt":"2015-05-16T07:29:09","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=7377"},"modified":"2015-05-27T12:24:13","modified_gmt":"2015-05-27T06:54:13","slug":"credit-analysis-and-research-ltd","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/credit-analysis-and-research-ltd\/7377","title":{"rendered":"Credit Analysis and Research Ltd."},"content":{"rendered":"<p style=\"text-align: justify;\">Credit Analysis and Research Ltd. (CARE) was founded in 1993 and is the\u00a0second largest rating agency (in terms of rating income) in the country. The\u00a0company offers a wide range of rating and grading services across a diverse\u00a0range of instruments and industries. Apart from providing rating services to\u00a0financial sector, infrastructure sector, corporates, public finance and\u00a0MSMEs, CARE is also engaged in rating IPOs, educational institutions,\u00a0shipyards, etc. The company has recently initiated its valuation services and\u00a0started offering valuation of equity, debt instruments and market linked\u00a0debentures. Being headquartered in Mumbai (Maharashtra), CARE has\u00a0geographical presence in Republic of Maldives, Brazil, Malaysia, Portugal\u00a0and South Africa.<\/p>\n<div class=\"blog-highlight\" style=\"clear: both; background: #2baae2; border: none; width: 60%; text-align: center; box-shadow: 0 5px 5px rgba(0, 0, 0, 0.5);\"><a style=\"text-decoration: none;\" href=\"\"http:\/\/www.fundsindia.com\/content\/jsp\/LP\/equity\/equities1.do?ref=blog-button\" target=\"_blank\"> <span style=\"color: #fff; font-weight: bold;\">Open<\/span> <span style=\"color: #fff; font-weight: bold; text-decoration: none;\"> a FREE Account Now! <\/span><\/a><\/div>\n<p><strong>Valuation and view<\/strong><\/p>\n<p style=\"text-align: justify;\">CARE, with over 20 years of experience in rating debt\u00a0instruments, enjoys a strong market position with respect to\u00a0ratings of most types of debt instruments, bank loans and\u00a0facilities. With expectations of ~13.3% and ~12.6% growth in\u00a0revenue and profitability, respectively, in FY16E, we believe\u00a0the company is likely to witness healthy growth across its\u00a0segments. While, expectation for further revival in the\u00a0economy, in the near-term, raises prospects of the highermargin\u00a0BLR segment. Further, the company\u2019s focus on SME\u00a0segment, where it sees a lot of opportunities in the long-term,\u00a0also makes CARE\u2019s prospects brighter.<\/p>\n<p style=\"text-align: justify;\">Considering the above aspects, we remain bullish on the stock.\u00a0We rate the stock as \u2018BUY\u2019 at a current CMP of `1,500.0,\u00a0attractively placed at P\/E of ~28x and ~26.0x, for FY16E and\u00a0FY17E, respectively to arrive at a target price of `1,803.0, with\u00a0a potential upside of ~20% for the coming 12 months.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2015\/05\/Research-Report-Credit-Analysis-and-Research-Ltd.pdf\">Research Report Credit Analysis and Research Ltd<\/a><\/p>\n<p><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks. <a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a> to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit Analysis and Research Ltd. (CARE) was founded in 1993 and is the\u00a0second largest rating agency (in terms of rating income) in the country. The\u00a0company offers a wide range of rating and grading services across a diverse\u00a0range of instruments and industries. Apart from providing rating services to\u00a0financial sector, infrastructure sector, corporates, public finance and\u00a0MSMEs, CARE [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Credit Analysis and Research Ltd.<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Credit Analysis and Research Ltd. 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