{"id":9967,"date":"2016-09-24T12:24:31","date_gmt":"2016-09-24T06:54:31","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=9967"},"modified":"2016-10-17T15:55:32","modified_gmt":"2016-10-17T10:25:32","slug":"credit-analysis-and-research-ltd-care-ratings","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/credit-analysis-and-research-ltd-care-ratings\/9967","title":{"rendered":"Credit Analysis and Research Ltd. (CARE Ratings)"},"content":{"rendered":"<p style=\"text-align: justify;\">Credit Analysis &amp; Research Limited (CARE Ratings), incorporated in 1993, is the second largest full service rating company in India in terms of rating income (as of FY16). CARE Ratings is promoted by major banks and financial institutions in India. The company has 13 offices in India and 1 office in Male in the Republic of Malidves. CARE offers a wide range of rating and grading services across a diverse range of instruments and has over 23 years of experience in the rating of debt instruments and related obligations covering almost all range of sectors.<\/p>\n<div class=\"blog-highlight\" style=\"clear: both; background: #3ba010; 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\/registration\/login.jsp?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 style=\"text-align: justify;\"><strong>Valuation &amp; View<\/strong><\/p>\n<p style=\"text-align: justify;\">With industry leading growth rate, highest margins among listed peers and superior return profile, CARE Ratings is best placed to benefit from cyclical recovery in corporate capex and bank credit growth. It is our preferred pick among the listed credit rating agencies. At CMP of Rs. 1,199, the stock is trading at P\/E of 25.0x\/20.7x for FY17E\/FY18E. We assign BUY rating on the stock with target price of Rs. 1,451 based on 25x FY18E P\/E.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2016\/09\/Research-Report-CARE-Ratings-Ltd.pdf\">Research Report CARE Ratings Ltd<\/a><\/p>\n<p style=\"text-align: justify;\"><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.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>Credit Analysis &amp; Research Limited (CARE Ratings), incorporated in 1993, is the second largest full service rating company in India in terms of rating income (as of FY16). CARE Ratings is promoted by major banks and financial institutions in India. The company has 13 offices in India and 1 office in Male in the Republic [&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. 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