with a market valuation of 23,517 Cr, CRISIL Ltd. is a large-cap company operating in the financial services industry. CRISIL is a worldwide analytics organization apart from being a leading provider of ratings, data, research, analytics and solutions in India. The business of the Corporation is carried out out of India, USA, UK, Argentina, Poland, China, Hong Kong, Singapore and United Arab Emirates (UAE).
The Board of Directors of CRISIL has recommended a final dividend of Rs. 23 per equity share of face value of Re 1 each for the financial year ending December 31, 2022, subject to the approval of the shareholders in the ensuing Annual General Meeting.
“For the year ended December 31, 2022, the company paid an interim dividend of three total 25 per equity share of face value of Rs.1 each. The Board of Directors has recommended a final dividend of Rs. 23 per share (of face value Rs.1). Total dividends for the year are calculated 48 per share,” said CRISIL in a stock exchange filing.
The Company has fixed the Book Closure Date as Saturday, April 1, 2023 to Sunday, April 2, 2023 (both days inclusive) for the purpose of Annual General Meeting and payment of final dividend for the financial year 2022, if approved by the shareholders Has been done The Annual General Meeting of the Company will be held on April 18, 2023 and the payment will be made on April 24, 2023.
CRISIL’s consolidated income from operations for the quarter ended December 31, 2022 grew by 16.5% 822.3 crore as compared to 706.0 crore in the corresponding quarter of the previous year. Consolidated total income was up 16.8% 840.6 crore as against 719.5 crore in the same period a year ago. Profit after tax for the quarter ended December 31, 2022 up by 17.5% from 158.0 crores 134.5 crore in the same period a year ago.
CRISIL’s consolidated income from operations to grow by 20.3% during the financial year ending December 31, 2022 2,768.7 crores to 2,300.7 crore during the same period last year. Consolidated total income grew by 22.1% for the financial year ended December 31, 2022 2,907.8 crores from 2,382.4 crore during the same period a year ago. During the financial year ended December 31, 2022, profit after tax grew by 30.7% from 564.4 crores 431.7 crore during the same period last year.
The Research, Analytics & Solutions segment grew by 18.6% and 23.2% for the quarter ended December 31, 2022, while the Ratings segment grew by 9.3% for the quarter and 12.0% for the year ended December 31, 2022. In the year ending December 31, 2022, CRISIL said it has been certified as a Great Workplace™ by the Great Place to Work® Institute and named among the 100 Best Companies for Women in India.
CRISIL shares on NSE on Friday 3,227.00 per share, up 0.65% from its previous closing price 3,206.05. The stock recorded an NSE + BSE volume average of 10,590 shares and a deliverable volume average of 474,326 shares or 44.79%. The stock has gained 12.12% in last 1 year and on YTD basis, it has gained 8.06% in 2023 so far. The stock has touched a 52-week high. 3,863.55 (02-May-2022) and at a 52-week low 2,540.00 on (24-Feb-2022).
CRISIL’s debt-to-equity ratio is zero, making it a virtually debt-free company and the return on equity (ROE) for FY22 was 31.5%, up from 20% in FY21. During Q3FY23, the company registered promoter shareholding of 66.70%, FII holding of 6.68%, DII holding of 13.03% and public holding of 13.59%. Promoters holding declined from 66.72% in QE Sep 2022 to 66.70% in QE Dec 2022, while FII/FPI holding declined from 6.69% in Q2FY23 to 6.68% in Q3FY23. 20 increased from 4.91% in the September 2022 quarter to 5.09% in the quarter ending December 2022, according to Trendline data.
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