Is CARE Ratings the Best Stock in Its Sector? A Look at the Numbers

CARE Ratings CMP Rs 1,622 (24 Sep 2026). Market cap Rs 4,936 Cr. ROE 18.36%. P/E 27.39x versus Industry P/E 33.95x.

Updated: 24 Sept 2026 • 12:35 pm

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Quick Answer

CARE Ratings is one of the names investors compare when screening the Finance sector, built on a 18.36% return on equity and a P/E of 27.39x against an Industry P/E of 33.95x. Whether CARE Ratings is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Finance sector peers, so you can judge that for yourself.

Is CARE Ratings the best stock in its sector? The stock trades on the NSE at Rs 1,622 as of 24 September 2026, within its 52-week range of Rs 1,392.70 to Rs 1,838.00. CARE Ratings Ltd is one of India's leading credit rating agencies, providing ratings for corporate debt, bank loans and structured finance instruments.

CARE Ratings sits in the Finance sector, and its 18.36% ROE and 27.39x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector's Industry P/E benchmark.

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Table of Contents

About CARE Ratings

CARE Ratings Ltd is one of India's leading credit rating agencies, providing ratings for corporate debt, bank loans and structured finance instruments. It is one of India's leading credit rating agencies, providing ratings for corporate debt, bank loans and structured finance instruments. At a market capitalisation of Rs 4,936 Cr, it is tracked as part of the Finance sector on Univest.

Is CARE Ratings the Best Stock in Its Sector?

CARE Ratings makes its case as the best stock in its sector primarily on return on equity and balance sheet strength, combining a 18.36% ROE with a 27.39x P/E against the sector's 33.95x Industry P/E. CARE Ratings' 27.39x P/E is below the 33.95x Industry P/E, with an 18.36% ROE that compares reasonably against CRISIL and ICRA in this series, though at a considerably smaller scale than CRISIL.

Metric	CARE Ratings
CMP (NSE)	Rs 1,622.30
52-Week High / Low	Rs 1,838.00 / Rs 1,392.70
Market Cap	Rs 4,936 Cr
P/E (TTM) vs Industry P/E	27.39x vs 33.95x
P/B	5.29
ROE	18.36%
EPS (TTM)	Rs 59.83
Dividend Yield	1.34%
Debt to Equity	0.03

Compare CARE Ratings Against Other Finance Sector Stocks

How CARE Ratings Compares Against Its Finance Sector Peers

The table below sets CARE Ratings against 2 other Finance sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
CARE Ratings	4,936	27.39	18.36%	0.03
CRISIL	33,669	38.08	27.03%	0.10
ICRA	4,376	22.30	15.37%	0.02
Peer average (2 companies)	-	30.19	21.20%	0.06

Against this peer set, CARE Ratings's 18.36% ROE is below the 21.20% peer average, and its P/E of 27.39x runs below the peer average of 30.19x. CARE Ratings' 27.39x P/E is below the 33.95x Industry P/E, with an 18.36% ROE that compares reasonably against CRISIL and ICRA in this series, though at a considerably smaller scale than CRISIL.

What Makes CARE Ratings Worth Watching in Finance

Below Industry P/E: A 27.39x P/E against a 33.95x Industry P/E makes it one of the more reasonably priced finance sector names covered in this series.
Strong ROE: An 18.36% ROE is a healthy figure for a credit rating agency.
Near debt free: A debt to equity ratio of 0.03 gives CARE Ratings significant balance sheet flexibility as a fee-based business.

CARE Ratings Valuation: Is It Justified?

CARE Ratings' 27.39x P/E is below the 33.95x Industry P/E, with an 18.36% ROE that compares reasonably against CRISIL and ICRA in this series, though at a considerably smaller scale than CRISIL. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.

Also read – Is Billionbrains Garage Ventures the Best Stock in Its Sector? A Look at the Numbers

Download the Univest iOS App or Univest Android App to track CARE Ratings and other Finance sector stocks.

How to Track CARE Ratings Before You Invest

Before deciding whether CARE Ratings deserves its label as the best stock in its sector for your own portfolio, compare it directly against Finance sector peers using the steps below.

Open the Univest Screener and search for CARE Ratings to view live price, valuation ratios, and peer comparisons within the Finance sector.
Compare its P/E, P/B, and ROE against other Finance sector stocks before deciding if the current valuation fits your strategy.
Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

CARE Ratings earns a place in the best stock in its sector conversation on the strength of a 18.36% ROE and a P/E of 27.39x against a 33.95x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Is CARE Ratings the best stock in its sector?

Ans. CARE Ratings has a 18.36% ROE and trades at 27.39x P/E against a 33.95x Industry P/E, and compares below the peer average ROE of 21.20% in this article's named comparison, so the answer depends on what an investor is prioritising.

What is the current share price of CARE Ratings?

Ans. CARE Ratings was trading at Rs 1,622.30 on the NSE as of 24 September 2026, within its 52-week range of Rs 1,392.70 to Rs 1,838.00.

What sector does CARE Ratings belong to?

Ans. CARE Ratings is classified under the Finance sector on Univest.

How does CARE Ratings compare to its sector peers on P/E?

Ans. CARE Ratings's P/E of 27.39x is below the 30.19x average of the 2 named peers compared in this article.

What is CARE Ratings's return on equity?

Ans. CARE Ratings reported a return on equity of 18.36%, which is below the 21.20% average of its named peers in this comparison.

Should I invest in CARE Ratings based on its sector position?

Ans. CARE Ratings's sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.