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CRISIL - CRISIL

📊 NSE: CRISIL 🏢 Miscellaneous 📅 Last Updated: 12/13/2025 21:14

📢 Recent Corporate Announcements

CRISIL Subsidiary's Voting Rights in ERPA Diluted to 11.11%; Ceases to be Associate Company

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 02 Mar 2026, 05:51 PM

CRISIL's step-down subsidiary, Crisil ESG Ratings and Analytics Limited, has seen its voting rights in the ESG Rating Providers Association (ERPA) decrease from 50% to 11.11%. This dilution occurred due to the admission of new SEBI-registered ESG rating providers into the association. Consequently, ERPA has ceased to be an associate company of CRISIL. As ERPA is a Section 8 non-profit entity limited by guarantee, this change has no impact on CRISIL's consolidated turnover, revenue, or net worth.

Voting rights in ERPA decreased from 50% to 11.11% due to new member admissions.
ERPA is no longer classified as an associate company of CRISIL Limited.
ERPA is a Section 8 company limited by guarantee with no share capital.
Zero financial impact on CRISIL's net worth or revenue as no sale or disposal of assets occurred.

💡 No action is required as this is a routine regulatory update regarding an industry association membership. Investors should continue to monitor CRISIL's core ratings and analytics business segments.

CRISIL Reports 12% PAT Growth in FY25; Recommends Total Dividend of ₹61 Per Share

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 11:02 PM

CRISIL delivered a resilient performance in FY 2025, with consolidated income from operations growing 11.9% to ₹3,649 crore and Profit After Tax (PAT) rising 12% to ₹766 crore. The company maintained its leadership in the corporate bond ratings market, with the Ratings segment seeing an 18.4% revenue jump for the full year. A final dividend of ₹28 per share has been proposed, bringing the total payout for the year to ₹61 per share compared to ₹56 in the previous year. The company also integrated the acquisition of PriceMetrix to bolster its global wealth management analytics business.

Consolidated FY25 PAT increased by 12% YoY to ₹766 crore, while Q4 FY25 PAT grew 7.5% to ₹242 crore.
Total dividend for FY 2025 stands at ₹61 per share, up from ₹56 per share in FY 2024.
Ratings Services segment revenue grew 18.4% in FY 2025 with segment margins improving to 44.3%.
Research, Analytics & Solutions segment revenue rose 9.4% to ₹2,572.4 crore in FY 2025.
Completed the acquisition of PriceMetrix Co. effective November 2025 to scale the wealth management business.

💡 Investors should view CRISIL as a high-quality play on India's financial markets and global risk analytics demand, supported by a strong dividend yield and robust margins. The continued leadership in the ratings business and expansion into global wealth management analytics provide a positive long-term outlook.

CRISIL FY25 Net Profit Rises 12% to ₹766 Cr; Recommends ₹28 Final Dividend

🟢 POSITIVE ⭐ 9/10

EARNINGS 📅 13 Feb 2026, 06:50 PM

CRISIL reported a strong financial performance for the year ended December 31, 2025, with consolidated revenue from operations growing 11.9% to ₹3,649 crore. Net profit for the year increased by 12% to ₹766 crore, up from ₹684 crore in the previous fiscal. The Board has recommended a final dividend of ₹28 per share, demonstrating robust cash generation. Leadership stability is also addressed with the re-appointment of Amish Mehta as MD & CEO for a further three-year term starting October 2026.

Consolidated Net Profit for FY25 increased 12% YoY to ₹766.01 crore.
Revenue from operations rose to ₹3,649.01 crore compared to ₹3,259.78 crore in FY24.
Board recommended a final dividend of ₹28 per equity share for the financial year 2025.
Research, Analytics & Solutions segment revenue grew to ₹2,572.38 crore, remaining the primary growth driver.
MD & CEO Amish Mehta re-appointed for a 3-year term effective October 1, 2026.

💡 The strong earnings growth coupled with a significant dividend payout makes CRISIL a solid pick for income and growth investors. Leadership continuity through the CEO's re-appointment provides further confidence in the company's long-term strategic direction.

CRISIL FY25 Net Profit Rises 12% to ₹766 Cr; Recommends ₹28 Final Dividend

🟢 POSITIVE ⭐ 9/10

EARNINGS 📅 13 Feb 2026, 06:43 PM

CRISIL reported a strong financial performance for the year ended December 31, 2025, with consolidated revenue from operations growing 12% to ₹3,649.01 crore. Net profit for the full year increased to ₹766.01 crore from ₹684.07 crore in the previous year, reflecting steady growth across its Ratings and Research segments. The Board has recommended a final dividend of ₹28 per share, rewarding shareholders for the year's performance. Leadership stability is confirmed with the re-appointment of Amish Mehta as MD & CEO for a further three-year term starting October 2026.

Consolidated Net Profit for FY25 grew 12% YoY to ₹766.01 crore compared to ₹684.07 crore.
Total Revenue from operations for FY25 increased to ₹3,649.01 crore from ₹3,259.78 crore in FY24.
Board recommended a final dividend of ₹28 per equity share for the financial year ended December 31, 2025.
Ratings services segment profit rose to ₹478.22 crore for FY25, up from ₹400.12 crore in the previous year.
Amish Mehta re-appointed as Managing Director & CEO for a 3-year term effective October 1, 2026.

💡 CRISIL continues to demonstrate robust growth and high dividend payouts, making it an attractive pick for long-term investors. The leadership continuity and strong segment performance in Ratings and Research suggest a stable outlook.

CRISIL Sets April 3, 2026, as Record Date for Final Dividend of FY 2025

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 13 Feb 2026, 06:05 PM

CRISIL Limited has announced April 3, 2026, as the record date for determining shareholder eligibility for its final dividend for the financial year 2025. The dividend is subject to shareholder approval at the Annual General Meeting (AGM) scheduled for April 17, 2026. If approved, the company plans to distribute the payment to eligible shareholders on April 23, 2026. This move is a routine corporate action to reward shareholders following the conclusion of the fiscal year.

Record date for final dividend eligibility is fixed as April 3, 2026.
The dividend pertains to the financial year 2025 and requires shareholder approval.
Annual General Meeting (AGM) is scheduled to take place on April 17, 2026.
The final dividend payment is scheduled to be disbursed on April 23, 2026.

💡 Investors interested in the dividend should ensure they hold the shares before the ex-dividend date. Monitor the upcoming AGM for the final confirmation of the dividend payout amount.

CRISIL Updates Authorized Personnel for SEBI Materiality Disclosures

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Feb 2026, 05:52 PM

CRISIL Limited has notified the stock exchanges regarding the authorized Key Managerial Personnel (KMP) responsible for determining the materiality of events under SEBI regulations. Mr. Dinesh Venkatasubramanian, the Chief Financial Officer, has been designated to determine materiality and make disclosures. Ms. Minal Bhosale, the Company Secretary, is also authorized to handle disclosures to the exchanges. This update is a standard compliance requirement under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Dinesh Venkatasubramanian (CFO) is authorized to determine materiality of events and information.
Ms. Minal Bhosale (Company Secretary) is authorized for making disclosures to Stock Exchanges.
The update is in accordance with Regulation 30(5) of SEBI (LODR) Regulations, 2015.
Contact details for both authorized personnel have been provided for regulatory transparency.

💡 No action is required from investors as this is a routine administrative update to comply with SEBI listing regulations.

CRISIL FY25 PAT Up 12% to Rs 766 Cr; Total Dividend Declared at Rs 61 Per Share

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 05:38 PM

CRISIL Limited reported a steady financial performance for the year ended December 31, 2025, with consolidated income from operations rising 11.9% to Rs 3,649 crore. Net profit for the full year grew 12% to Rs 766 crore, while Q4 PAT saw a 7.5% increase to Rs 241.5 crore. The company has recommended a final dividend of Rs 28 per share, bringing the total dividend for the year to Rs 61 per share compared to Rs 56 in the previous year. Growth was driven by strong momentum in the Ratings segment and a 20.1% revenue jump in the Research, Analytics, and Solutions segment during Q4.

Consolidated income from operations for FY25 increased 11.9% YoY to Rs 3,649.0 crore.
Annual Profit After Tax (PAT) rose 12.0% to Rs 766.0 crore from Rs 684.1 crore in FY24.
Recommended a final dividend of Rs 28 per share, totaling Rs 61 per share for the full year.
Ratings segment revenue grew 18.4% in FY25, maintaining leadership in corporate bond ratings.
Research, Analytics and Solutions segment revenue surged 20.1% in Q4 2025 due to demand for risk solutions.

💡 Investors should find comfort in CRISIL's consistent double-digit growth and high dividend payout ratio. The company's focus on GenAI solutions and strategic acquisitions like PriceMetrix suggests a strong roadmap for maintaining its market-leading position.

CRISIL Recommends ₹28 Final Dividend; FY25 Consolidated Net Profit Rises 12% to ₹766 Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 05:31 PM

CRISIL reported a strong financial performance for the year ended December 31, 2025, with consolidated net profit growing 12% to ₹766.01 crore. The Board has recommended a final dividend of ₹28 per share, highlighting robust cash flow and shareholder returns. Revenue from operations saw an 11.9% increase to ₹3,649.01 crore, driven by growth in both Ratings and Research segments. Additionally, the company ensured leadership continuity by re-appointing Amish Mehta as MD & CEO for a further three-year term.

Recommended a final dividend of ₹28 per equity share of face value ₹1 for FY2025.
Consolidated Net Profit for FY25 increased to ₹766.01 crore from ₹684.07 crore in the previous year.
Consolidated Revenue from operations for FY25 rose 11.9% YoY to reach ₹3,649.01 crore.
Ratings services segment revenue grew significantly to ₹1,078.74 crore in FY25.
Amish Mehta re-appointed as Managing Director & CEO for a 3-year term effective October 1, 2026.

💡 Investors should take note of the consistent double-digit growth and healthy dividend payout, which underscore CRISIL's market-leading position. The leadership stability and strong segment performance make it a solid hold for long-term portfolios.

CRISIL FY25 Net Profit Rises 12% to ₹766 Cr; Announces ₹28 Final Dividend

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 05:27 PM

CRISIL Limited reported a steady financial performance for the year ended December 31, 2025, with consolidated revenue from operations growing 11.9% to ₹3,649 crore. Net profit for the full year increased by 12% to ₹766 crore, supported by growth across both Ratings and Research segments. The board has recommended a substantial final dividend of ₹28 per share, signaling strong cash flows. Furthermore, the re-appointment of Amish Mehta as MD & CEO ensures leadership continuity for the next three years.

Consolidated FY25 revenue grew 11.9% YoY to ₹3,649.01 crore compared to ₹3,259.78 crore in FY24.
Consolidated net profit for FY25 rose 12% to ₹766.01 crore from ₹684.07 crore in the previous year.
Recommended a final dividend of ₹28 per equity share of face value ₹1 for the financial year 2025.
Ratings services segment revenue saw robust growth, reaching ₹1,078.74 crore for the full year.
Amish Mehta re-appointed as Managing Director & CEO for a further term of 3 years starting October 2026.

💡 The results demonstrate CRISIL's ability to maintain double-digit growth and high dividend payouts, making it a strong pick for income and stability-focused investors. Leadership continuity and steady segment performance suggest a positive long-term outlook.

CRISIL Submits Quarterly Compliance Certificate under SEBI Regulation 74(5)

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Jan 2026, 07:41 PM

CRISIL Limited has filed its quarterly compliance certificate for the period ending December 31, 2025, as required under SEBI (Depositories and Participants) Regulations. The document, provided by KFin Technologies, confirms that all share dematerialization and rematerialization requests have been processed and reported to the exchanges. This is a standard administrative procedure ensuring the integrity of the company's shareholding records. Such filings are mandatory for all listed companies and do not reflect any change in business fundamentals.

Quarterly compliance certificate submitted for the period ending December 31, 2025.
Certificate issued by KFin Technologies Limited, the company's Registrar and Transfer Agent.
Confirms processing of dematerialization and rematerialization requests with NSDL and CDSL.
Ensures adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

💡 This is a routine administrative filing with no impact on company valuation or operations; no action is required from investors.

CRISIL Board to Meet Feb 12-13 for Q4 FY25 Results and Final Dividend Consideration

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 05 Jan 2026, 08:05 PM

CRISIL Limited has scheduled a Board of Directors meeting on February 12 and 13, 2026, to approve audited financial results for the quarter and year ended December 31, 2025. The board will also consider a proposal for a final dividend for the financial year 2025. The final approval for both the financial results and the dividend is expected on February 13, 2026. Per insider trading regulations, the trading window for the company is closed from December 16, 2025, until February 17, 2026.

Board meeting scheduled for February 12-13, 2026, to review audited FY25 results.
Consideration of final dividend for the financial year ending December 31, 2025.
Trading window closed for insiders from December 16, 2025, to February 17, 2026.
Results and dividend proposal to be officially approved on February 13, 2026.

💡 Investors should monitor the announcement on February 13 for the final dividend amount and full-year earnings performance. No immediate action is required as this is a routine regulatory notification.

CRISIL Receives GST Penalty Order of ₹40.72 Lakh for FY 2018-19

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 01 Jan 2026, 10:53 AM

CRISIL Limited has received an assessment order from the Office of Assistant Commissioner of CGST & Central Tax, Mumbai East, imposing a penalty of ₹40,72,212. The demand pertains to the Financial Year 2018-19 and involves a disagreement regarding the admissibility of credit notes under the CGST Act. The company has clarified that this order has no material impact on its financial or operational activities. CRISIL intends to contest the demand by filing an appeal with the relevant authorities.

Penalty of INR 40,72,212 levied under Section 74(1) of the CGST Act, 2017
Dispute relates to the admissibility of credit notes for the Financial Year 2018-19
Company states there is no material impact on financials, operations, or other activities
CRISIL will be filing an appeal against the demand raised by the tax authority

💡 No action is required as the penalty amount is immaterial compared to the company's scale of operations. Investors should view this as a routine regulatory matter.

CRISIL Independent Director Shyamala Gopinath Completes Tenure on December 31, 2025

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 01 Jan 2026, 10:22 AM

Ms. Shyamala Gopinath has ceased to be a Non-Executive Independent Director of CRISIL Limited effective December 31, 2025. This change is a result of the completion of her scheduled term as an Independent Director. The company has formally acknowledged her contributions during her tenure. This is a routine board transition and does not indicate any internal conflict or operational issues.

Ms. Shyamala Gopinath (DIN: 02362921) completed her term as Independent Director on December 31, 2025
The cessation of her role is effective from the close of business hours on December 31, 2025
The transition follows Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
The company has placed on record its appreciation for her contributions during her association

💡 No immediate action is required as this is a routine completion of a director's term. Investors should monitor for the appointment of a new independent director to the board.

CRISIL: Zak Murad, Chief Technology Officer, Resigns

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 01 Dec 2025, 05:21 PM

CRISIL Limited announced the resignation of Mr. Zak Murad, the Chief Technology and Information Officer, effective December 24, 2025. Mr. Murad's resignation was tendered on December 1, 2025, and accepted by the company. He will remain with the company to aid in the leadership transition. Investors should monitor the impact of this senior management change on CRISIL's technology strategy and execution.

Mr. Zak Murad resigned as Chief Technology and Information Officer on December 1, 2025.
Mr. Murad's last working day is December 24, 2025.
Mr. Murad thanks Amish Mehta and the Board of Directors for their support.
Mr. Murad thanks prior CEO Ashu Suyash and prior board members John Berisford and Ewout Steenbergen

💡 Investors should monitor the transition and any potential impact on CRISIL's technology initiatives. Review future announcements regarding the appointment of a new Chief Technology Officer.

View All CRISIL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Ratings Services grew 11.2% YoY in Q3 2025 to INR 267.6 Cr; Research, Analytics and Solutions (RAS) grew 12.7% YoY to INR 643.6 Cr. For the full year 2024, Ratings grew 17.7% to INR 909.15 Cr, while RAS saw a marginal decline of 0.7% to INR 2,350.63 Cr.

Geographic Revenue Split

Not explicitly disclosed as a percentage, but global operations generate significant foreign currency revenue, with a notable INR 29.4 Cr one-off gain in 2023 from Argentinian peso devaluation.

Profitability Margins

Consolidated PBT margin was 28.4% in 2024 (INR 926.47 Cr). Ratings segment margin stood at 55.6% in 2024, while RAS segment margin was 16.9%. In Q3 2025, RAS margins improved to 22.0% from 18.3% YoY.

EBITDA Margin

Consolidated PBT margin was 28% in 2024 compared to 27% in 2023. Standalone PBT margin was 33% in 2024 (INR 705.42 Cr).

Capital Expenditure

INR 380.30 Cr was capitalized in 2024 towards property, plant, equipment, and software to enhance technological infrastructure.

Credit Rating & Borrowing

Not disclosed in available documents; however, standalone finance costs were minimal at INR 3.11 Cr in 2024.

⚙️ Operational Drivers

Raw Materials

Talent/Human Capital (53% of total revenue), IT Software and Infrastructure (INR 380.30 Cr capitalized).

Key Suppliers

S&P Global (strategic partner for GAC), various IT and software vendors for the INR 380.30 Cr infrastructure investment.

Raw Material Costs

Employee benefits expense of INR 1,765.09 Cr in 2024, representing 53% of total revenue, up 1% from INR 1,747.77 Cr in 2023.

📈 Strategic Growth

Expected Growth Rate

9.40%

Growth Strategy

CRISIL aims to achieve growth through the acquisition of McKinsey PriceMetrix Co. (completed Nov 2025) to bolster its wealth management data analytics, leveraging Gen AI in its 'Integral IQ' buy-side solutions to improve efficiency, and deepening engagement with global corporate and investment banks (CIB) through Coalition Greenwich benchmarking.

Products & Services

Credit ratings, industry research, consulting, risk solutions, benchmarking analytics (Coalition Greenwich), and wealth management data analytics (PriceMetrix).

Brand Portfolio

CRISIL, Coalition Greenwich, CRISIL Intelligence, CRISIL Integral IQ, CRISIL PriceMetrix.

New Products/Services

Gen AI-leveraged client solutions in Integral IQ and updated AIF (Alternative Investment Fund) benchmarks.

Market Expansion

Targeting new segments and geographies to broaden the revenue base, specifically emerging markets and niche segments.

Market Share & Ranking

Maintained leadership in corporate bond ratings in India.

Strategic Alliances

Partnership with S&P Global for the Global Analytics Centre (GAC).

🌍 External Factors

Industry Trends

The industry is shifting towards automation, Gen AI integration, and efficiency-led solutions as banks redesign operating models; CRISIL is positioning itself by leveraging Gen AI in buy-side offerings.

Competitive Landscape

Intensifying competition from local players scaling rapidly and global competitors expanding offerings.

Competitive Moat

Durable moat through leadership in corporate bond ratings and deep domain expertise in CIB benchmarking (Coalition Greenwich), which are difficult for local competitors to replicate quickly.