Crisil Limited(CRISIL)

NSE: CRISILBSE: 500092

₹ 4,734.6-1.13%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 34,624 crWebsite: www.crisil.comUpdated: 24 Oct 2026

About

Crisil Limited is an India-headquartered analytics, ratings and research company that serves financial institutions, corporates and asset managers globally. It is a majority-owned subsidiary of S&P Global and holds a leadership position in India's corporate bond ratings market. It reported revenue of 3649.01 crore in FY25 and has 11,400+ clients with market outreach in 40 countries.^[1][2]

Business segments

Research, Analytics & Solutions: ₹2,572.38 cr revenue in FY25, 70.5% of group revenue, EBIT margin 22.0%; covers Crisil Coalition Greenwich, Crisil Integral IQ and the Global Analytics Centre.^[3]
Ratings Services: ₹1,078.74 cr revenue in FY25, 29.5% of group revenue, EBIT margin 44.3%; covers corporate bond ratings, bank loan ratings and surveillance in India.^[3]
Ratings revenue was ₹305.1 cr in Q2 2026, up 21.4% YoY; segment margin 44.3% vs 41.0% a year earlier.^[4]
RAS revenue was ₹770.9 cr in Q2 2026, up 30.1% YoY; segment margin 20.4% vs 20.0% a year earlier, helped by the PriceMetrix acquisition.^[4]

Services and brands

Crisil Coalition Greenwich provides strategic benchmarking, analytics and insights to the financial services industry; its client intelligence platforms include Q2 and Prospect Match (FY25 annual report).^[2]
Crisil Integral IQ provides research, risk, lending, analytics and operations solutions to financial institutions; in Q2 2026 it saw demand for credit lending solutions and fundamental research.^[2][4]
The Global Analytics Centre took on more surveillance support delegated by S&P Global Ratings and expanded into new support areas for S&P in Q2 2026.^[4]
Crisil Ratings leads India's corporate bond ratings market and is also growing bank loan ratings.^[5]
ESG ratings business was moved to a subsidiary that received its SEBI licence (FY24 annual report).^[6]

Operations and reach

Crisil had 5,081 employees in 26 offices as of FY25.^[2]
Integral IQ has onsite delivery centres in Australia, Switzerland, the UK and the US, and offshore centres in Argentina, China, Colombia, India and Poland (FY25).^[2]

Customers

Crisil had 11,400+ clients with market outreach in 40 countries as of FY25.^[2]
Coalition Greenwich serves all the top 20 investment banks, 21 of the top 25 asset managers and 35 of the top 50 commercial banks globally (FY25).^[2]
Integral IQ works with 15 of the top 20 investment banks, 35 of the top 50 commercial banks and over 100 asset and wealth managers (FY25).^[2]
S&P Global is both the majority owner and a significant client through GAC delegation; the FY24 annual report names dependence on a few key clients as a concentration risk.^[7][6]

Key operating numbers

India bond issuance quantum was Rs 2,693 bn in Q2 2026, down 26% YoY.^[4]
Bond issuance quantum fell 12% YoY in Q1 2026 as yields hardened to ~7% and large corporates switched to bank loans.^[8]
India corporate bond issuance was ₹11,156 bn in 2025 vs ₹11,195 bn in 2024.^[9]
RAS segment margin was 22.7% in Q1 FY26 vs 18.3% in Q1 FY25.^[7]

Acquisitions and investments

Acquired McKinsey PriceMetrix Co. via new subsidiary Crisil Canada Inc. for USD 32.9 million (~₹29,397 lakhs), completed November 7, 2025; to be fully integrated into Coalition Greenwich.^[2]
Acquired a 4.08% stake in Online PSB Loans Limited (FY25 annual report).^[2]
The Board approved merging Bridge To India into Crisil, pending NCLT approval (FY24 annual report).^[6]

Strategic priorities

Building domain-led products and rolling out AI upgrades to improve client experience and efficiency (Q2 2026).^[4]
Plans to diversify the global RAS business into private markets and risk/credit solutions for regional banks.^[7]
The MD was re-appointed for 3 years; fixed assets are funded from internal accruals, and the company reports zero debt (FY25 annual report).^[2]

Market Cap

₹34,624 Cr

High / Low

₹5,060 / 3,689

Stock P/E

39.1

Price / Book

10.6

Book Value

₹415

EPS

₹104.8

No. of Shares

7.31 Cr

ROE

27.4%

Debt / Equity

0.00

Sales

₹3,649 Cr

Net Profit

₹766 Cr

Promoter holding

66.6%

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Crisil Limited(CRISIL)

About

Business segments

Services and brands

Operations and reach

Customers

Key operating numbers

Acquisitions and investments

Strategic priorities

Signal history

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