Buy CARE Ratings, target price Rs 700: Centrum Broking

Centrum Broking has buy call on CARE Ratings with a target price of Rs 700. The current market price of CARE Ratings Ltd. is Rs 536.75. Time period given by analyst is one year when CARE Ratings Ltd. price can reach defined target.

CARE Ratings Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 1616.37 Crore) operating in Financial Services sector.

CARE Ratings Ltd. key Products/Revenue Segments include Income From Rating Services, Other Operating Revenue and Other Sales- Publications for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 62.96 Crore, down -23.49 % from last quarter Total Income of Rs 82.29 Crore and down -1.20 % from last year same quarter Total Income of Rs 63.72 Crore. Company reported net profit after tax of Rs 14.90 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 31-Dec-2021, while FIIs owned 33.92 per cent, DIIs 5.36 per cent.