Consolidated figures · ₹ crore
| ₹ Cr | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| 1,732 | 1,982 | 2,301 | 2,769 | 3,140 | 3,260 | 3,649 | |
| Interest | 0 | 14 | 9 | 6 | 4 | 4 | 22 |
| Expenses | 1,286 | 1,483 | 1,695 | 2,056 | 2,271 | 2,349 | 2,564 |
| Financing profit | 446 | 485 | 597 | 707 | 865 | 907 | 1,063 |
| Financing margin % | 25.7% | 24.5% | 25.9% | 25.5% | 27.5% | 27.8% | 29.1% |
| Other income | 83 | 95 | 82 | 139 | 107 | 90 | 107 |
| Depreciation | 37 | 121 | 106 | 103 | 104 | 70 | 129 |
| Exceptional items | 0 | 0 | 46 | 0 | 0 | 0 | 0 |
| Profit before tax | 492 | 458 | 618 | 742 | 868 | 926 | 1,041 |
| Tax | 148 | 104 | 153 | 178 | 209 | 242 | 275 |
| Tax % | 30% | 22.6% | 24.7% | 24% | 24.1% | 26.2% | 26.4% |
| PAT | 344 | 355 | 466 | 564 | 658 | 684 | 766 |
| EPS (₹) | 47.6 | 48.9 | 64 | 77.3 | 90.1 | 93.6 | 104.8 |
| EPS adjusted (₹) | — | 48.9 | 63.9 | 77.2 | 90.1 | 93.6 | 104.8 |
| 67.2% | 67.4% | 71.8% | 62.1% | 59.9% | 59.9% | 58.2% | |
| Annual report | Annual report for Dec 2019 | Annual report for Dec 2020 | Annual report for Dec 2021 | Annual report for Dec 2022 | Annual report for Dec 2023 | Annual report for Dec 2024 | Annual report for Dec 2025 |
| ₹ Cr | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 959 | 1,041 | 1,129 | 1,165 | 1,305 | — | 1,571 | 1,785 | 2,182 | 2,558 | 3,026 |
| — | 3 | 3 | 3 | — | — | 0 | 0 | 0 | 250 | 0 | |
| 371 | 444 | 495 | 514 | 895 | — | 925 | 1,039 | 1,125 | 1,127 | 1,599 | |
| Total equity & liabilities | 1,337 | 1,495 | 1,634 | 1,689 | 2,207 | — | 2,504 | 2,831 | 3,315 | 3,942 | 4,632 |
| 408 | 293 | 350 | 349 | 553 | 763 | 661 | 619 | 635 | 693 | 1,139 | |
| CWIP | — | — | — | — | — | — | — | 0 | 0 | 1 | 2 |
| Investments | 421 | 525 | 477 | 453 | — | — | 645 | 683 | 1,056 | 1,454 | 1,180 |
| 507 | 676 | 807 | 887 | 1,653 | — | 1,198 | 1,529 | 1,624 | 1,794 | 2,310 | |
| Total assets | 1,337 | 1,495 | 1,634 | 1,689 | 2,207 | — | 2,504 | 2,831 | 3,315 | 3,942 | 4,632 |
As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.
Latest reported period · 31 Dec 2025 · ₹ crore
| Segment | Revenue | Result | Assets | Liabilities | Capital employed | ROCE % |
|---|---|---|---|---|---|---|
| Research, Analytics & Solutions | 2,572.38 | 566.55 | 1,674.28 | 749.9 | 924.38 | 61.29 |
| Ratings services | 1,078.74 | 478.22 |
| ₹ Cr | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 291 | 379 | 446 | 500 | 500 | 403 | 456 | 780 | 765 | 756 | |
| -177 | -72 | -71 | -323 | -323 | -88 | -62 | -327 | -386 | -268 | |
| -187 | -203 | -229 | -265 | -240 | -291 | -368 | -408 | -442 | -470 | |
| Net cash flow | -73 | 103 | 146 | -87 | -62 | 24 | 26 | 46 | -63 | 18 |
| Free cash flow | — | — | — | — | 466 | 380 | 415 | 717 | 592 | 682 |
| CFO / Operating profit % | — | — | — | — | 100.2% | 66.5% | 64% | 89.9% | 84% | 69.6% |
| 487.48 |
| 355.96 |
| 131.52 |
| 363.61 |
₹ crore by fiscal year