Buy Crisil, target price Rs 3500: Centrum Broking

Centrum Broking has buy call on Crisil with a target price of Rs 3500. The current market price of Crisil is Rs 2814.8.
Time period given by analyst is one year when Crisil Ltd. price can reach defined target.

Crisil Ltd., incorporated in the year 1987, is a Mid Cap company (having a market cap of Rs 20450.17 Crore) operating in Financial Services sector.


Crisil Ltd. key Products/Revenue Segments include Other Services and Income From Rating Services for the year ending 31-Dec-2020.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 719.45 Crore, up 19.15 % from last quarter Total Income of Rs 603.80 Crore and up 17.51 % from last year same quarter Total Income of Rs 612.22 Crore. Company reported net profit after tax of Rs 168.63 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 66.88 per cent stake in the company as of 31-Dec-2021, while FIIs owned 6.84 per cent, DIIs 6.38 per cent.