News

Neutral CRISIL Ltd For Target Rs. 4,020 - Yes Securities All eyes on growth in Global Businesses We interacted with CRISIL to get a closer perspective on its latest quarterly performance and on growth and margin outlook across key business segments. While growth traction has been strong in domestic ratings and S&P ratings support (GAC) businesses, there is near-term uncertainty in global businesses (particularly benchmarking analytics). The latter could weigh on company’s growth in the current year given its large contribution in reven...
Neutral CRISIL Ltd For Target Rs. 4,020 - Yes Securities
Neutral CRISIL Ltd For Target Rs. 4,020 - Yes Securities
Source: Yes Securities
28/08/2023 12:39:28 PM
Bajaj Finance Fixed Deposits cross Rs 50,000 crore Bajaj Finance Limited, one of India’s leading and diversified Non-Banking Financial Company, and part of Bajaj Finserv, today said its Fixed Deposits book had crossed a milestone of Rs. 50,000 crore. Bajaj Finance has half a million depositors, with each depositor having placed 2.87 deposits, totalling 1.4 million deposits. Bajaj Finance has the highest credit rating of AAA/Stable for its long-term debt programme from CRISIL, ICRA, CARE and India Ratings, A1+ for its short-te...
Bajaj Finance Fixed Deposits cross Rs 50,000 crore
Bajaj Finance Fixed Deposits cross Rs 50,000 crore
Source: PR Agency
18/08/2023 6:25:18 PM
Price of tomatoes, chilli heated up veg and non-veg thalis by 34%, 13% in July  The cost of preparing a vegetarian thali at home has gone up by 34 per cent while that of a non-vegetarian thali went up by 13 per cent in July as compared to the input prices that prevailed in June 2023, CRISIL said in a report. According to the report, in July, the cost of cooking a vegetarian thali at home stood at Rs 33.7 (June rate Rs 26.3) whereas the cost of non-vegetarian home meal was at Rs 66.8 (June rate Rs 60). According to CRISIL, a vegetarian thali comprises roti, ve...
Price of tomatoes, chilli heated up veg and non-veg thalis by 34%, 13% in July
Price of tomatoes, chilli heated up veg and non-veg thalis by 34%, 13% in July
Source: IANS
8/08/2023 9:35:24 AM
SBFC Finance Limited`s Initial Public Offering to open on Thursday, August 3, 2023, sets price band at 54 to 57 per Equity Share SBFC Finance Limited (”Company”) is a systemically important, non- deposit taking non-banking finance company (“NBFC-ND-SI”) offering Secured MSME Loans and Loans against Gold, with a majority of its borrowers being entrepreneurs, small business owners, self-employed individuals, salaried and working class individuals has fixed the price band at ? 54 to ? 57 per Equity Share for its maiden public offer. The initial public offering (“IPO” or “Offer&rdq...
SBFC Finance Limited`s Initial Public Offering to open on Thursday, August 3, 2023, sets price band at 54 to 57 per Equity Share
SBFC Finance Limited`s Initial Public Offering to open on Thursday, August 3, 2023, sets price band at 54 to 57 per Equity Share
Source: PR Agency
1/08/2023 11:49:43 AM
Utkarsh Small Finance Bank Rings the Bell of Success on Debut; shares close 92% over issue price Varanasi-based Utkarsh Small Finance Bank Ltd recorded the second fastest AUM growth between Fiscal 2019 and Fiscal 2022 among SFBs with AUM of more than Rs 5000 crore has, made a strong debut on the exchanges to close over 92% premium. The scrip listed at Rs 39.95 per share on BSE and at Rs 40 per share on NSE, at a premium of 59.80% and 60% respectively. The company's share price closed at Rs 47.94 per share on the BSE, a 91.76% premium, and at Rs 48 per share on the N...
Utkarsh Small Finance Bank Rings the Bell of Success on Debut; shares close 92% over issue price
Utkarsh Small Finance Bank Rings the Bell of Success on Debut; shares close 92% over issue price
Source: PR Agency
21/07/2023 5:52:58 PM
Quant Mutual Fund files offer document for Retirement Fund Quant Mutual Fund has filed offer document with SEBI to launch an open-ended retirement solution oriented scheme named ‘Quant Retirement Fund’. The New Fund Offer price is Rs 10. Entry load and Exit load will be nil. The Scheme offers growth and dividend options for investment, and minimum target subscription amount for the Scheme to be raised is Rs 10 crore. The performance of the scheme is benchmarked for 65%  S&P  BSE  200  TRI  +  15% ...
Quant Mutual Fund files offer document for Retirement Fund
Quant Mutual Fund files offer document for Retirement Fund
Source: Accord Fintech
11/07/2023 3:16:22 PM
Securitisation volumes jump 60% in Q1FY24: Crisil Rating agency Crisil in its latest report has said robust loan collections and high credit growth at non-bank lenders led to a 60 per cent jump in securitisation volumes to Rs 55,000 crore in the April-June quarter of FY2023-24 (Q1FY24). This is the highest ever in the first quarter of a fiscal year, rating agency said, attributing the growth to high demand from banks and non-banking finance companies (NBFCs) resorting to securitisation as a funding route. It said during the first quart...
Securitisation volumes jump 60% in Q1FY24: Crisil
Securitisation volumes jump 60% in Q1FY24: Crisil
Source: Accord Fintech
11/07/2023 10:18:50 AM
ICRA and CRISIL enhance Commercial Paper limits of Godrej Properties Limited to INR 2000 crore Godrej Properties Ltd. (GPL), (BSE scrip id: GODREJPROP), one of India’s leading real estate developers, announced the enhancement in the Commercial Paper (CP) limits to INR 2000 crore from INR 1750 crore by ICRA and CRISIL. Additionally, ICRA has assigned long-term rating of AA+(“stable”) for fresh Non-Convertible Debenture (NCD) of INR 2000 crore. Highlights: Credit Rating for Commercial Paper (CP) limits enhanced to INR 2,000 crore from INR 1,750 crore by ICRA and C...
ICRA and CRISIL enhance Commercial Paper limits of Godrej Properties Limited to INR 2000 crore
ICRA and CRISIL enhance Commercial Paper limits of Godrej Properties Limited to INR 2000 crore
Source: PR Agency
23/06/2023 12:42:28 PM
Cement prices likely to decline 1-3% on rising competition, falling input costs: Crisil Ratings Crisil Ratings in its latest report has said that after clocking a 4 per cent compound annual growth rate over the past four years, cement companies are likely to cut prices marginally by 1-3 per cent this fiscal despite healthy demand, owing to the increasing competition. Report stated cooling input costs will also help cut retail prices.  He stated prices have already moderated since early 2023 on the back of a gradual softening of energy costs and manufacturers' efforts to gain...
Cement prices likely to decline 1-3% on rising competition, falling input costs: Crisil Ratings
Cement prices likely to decline 1-3% on rising competition, falling input costs: Crisil Ratings
Source: Accord Fintech
21/06/2023 10:54:22 AM
Robust Indian banking system amidst looming global banking crisis In March 2023, soon after the collapse of US-based tech industry-oriented Silicon Valley Bank (SVB), Signature Bank, a leader in crypto currency deposits, met the same fate. The failure of the Signature Bank has been largely attributed to the contagion effect of the collapse of SVB, leading to an environment of fear and distrust. At the same time as the SVB debacle, another crypto-based Silvergate Bank collapsed due to a drastic fall in customer confidence. To curtail the crisis, the US...
Robust Indian banking system amidst looming global banking crisis
Robust Indian banking system amidst looming global banking crisis
Source: IANS
16/05/2023 11:34:39 AM
Aditya Birla SL AMC announces change in risk-o-meter under CRISIL IBX Gilt - April 2026 Index Fund Aditya Birla Sun Life AMC has announced that pursuant to SEBI circular no. SEBI/HO/IMD/DF3/CIR/P/2020/197 dated October 5, 2020, the risk-o-meter of the Scheme, Aditya Birla Sun Life CRISIL IBX Gilt - April 2026 Index Fund (An open-ended Target Maturity Index Fund tracking the CRISIL IBX Gilt Index - April 2026. A relatively high interest rate risk and relatively low credit risk) has been revised to ‘Low to Moderate’. The above risk-o-meter is based on evaluation of risk level of ...
Aditya Birla SL AMC announces change in risk-o-meter under CRISIL IBX Gilt - April 2026 Index Fund
Aditya Birla SL AMC announces change in risk-o-meter under CRISIL IBX Gilt - April 2026 Index Fund
Source: Accord Fintech
9/05/2023 12:48:40 PM
DCB Bank announces allotment of Tier II Bonds on private placement basis DCB Bank Limited today announced the successful issue and allotment of 9.35% Unsecured, Subordinated, Non-Convertible, Fully Paid-Up, Taxable, Redeemable, Basel III Compliant Tier II Bonds of face value of Rs.1,00,00,000/- (Rupees One Crore Only) each, on a private placement basis, aggregating to Rs. 300 Crore. The Bonds shall be redeemed in accordance with the terms of issue on its original maturity of 10 years, however, a Call Option may be exercised at the sole discretion of the Bank on or...
DCB Bank announces allotment of Tier II Bonds on private placement basis
DCB Bank announces allotment of Tier II Bonds on private placement basis
Source: PR Agency
29/03/2023 10:59:24 AM
CRISIL rises on completing acquisition of Peter Lee Associates CRISIL is currently trading at Rs. 3003.50, up by 5.00 points or 0.17% from its previous closing of Rs. 2998.50 on the BSE. The scrip opened at Rs. 2998.50 and has touched a high and low of Rs. 3039.35 and Rs. 2985.00 respectively. So far 1176 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3860.00 on 02-May-2022 and a 52 week low of Rs. 2712.05 on 23-Dec-2022. Last one week high and low of the scrip stood at Rs...
CRISIL rises on completing acquisition of Peter Lee Associates
CRISIL rises on completing acquisition of Peter Lee Associates
Source: Accord Fintech
20/03/2023 10:39:18 AM
India`s GDP to grow at 6% in FY24: CRISIL Terming the global environment as gloomier, credit rating agency CRISIL Ltd on Thursday forecast India's gross domestic product (GDP) growth at 6 per cent for FY24 down from 7 per cent estimated by the National Statistical Organisation (NSO) for FY23. "A complex interplay of geo-political events, stubbornly high inflation, and sharp rate hikes to counter that, have turned the global environment gloomier," CRISIL said. On the domestic front, the peak impact of the rate hike...
India`s GDP to grow at 6% in FY24: CRISIL
India`s GDP to grow at 6% in FY24: CRISIL
Source: IANS
16/03/2023 1:45:01 PM
Revenue of leather apparel, accessories sector set to decline 7-8% in FY24: Crisil Crisil Ratings in its latest report has said that revenue of the Indian leather apparel and accessories sector, including bags, belts and harnesses, is set to decline 7-8 per cent in fiscal 2024 because of a slowdown in global consumer demand, despite benefits from a depreciating rupee. It noted that around 85-90 per cent of the production by the $2.25 billion Indian leather apparel and accessories industry is exported. It added that Europe and North America account for 75 per cent of the shi...
Revenue of leather apparel, accessories sector set to decline 7-8% in FY24: Crisil
Revenue of leather apparel, accessories sector set to decline 7-8% in FY24: Crisil
Source: Accord Fintech
19/01/2023 11:45:50 AM
Financial condition expected to be tighter: CRISIL Ltd Even as central banks are expected to slow their pace of rate hikes in 2023, financial conditions are expected to remain tight, said CRISIL Ltd on Monday. In a report, the credit rating agency said the financial conditions are expected to be tight due to the US Fed's policy rates at a decadal high in 2023 despite the looming recession. S&P Global expects the Fed policy rate to peak at 5-5.25 per cent in April-June 2023, with rate cuts only towards the end of the year. The US Fed...
Financial condition expected to be tighter: CRISIL Ltd
Financial condition expected to be tighter: CRISIL Ltd
Source: IANS
17/01/2023 9:59:24 AM
Buy CRISIL Ltd For Target Rs.3,500 - Anand Rathi Shares and Stock Brokers * CRISIL reported consolidated revenue from operations of ?6,830 million up by 19.6% YoY. Despite the challenging environment, CRISIL saw growth across businesses during Q3-CY22, with strong demand for bank loan ratings in India, and for benchmarking and risk solutions in global market. However, corporate bond issuances were muted. It continues to ramp up investments in talent and technology to build capabilities for providing differentiated solutions to clients * Increased working capital...
Buy CRISIL Ltd For Target Rs.3,500 - Anand Rathi Shares and Stock Brokers
Buy CRISIL Ltd For Target Rs.3,500 - Anand Rathi Shares and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
8/12/2022 12:46:58 PM
Bar on short-tenure loan securitisation to affect 5% deals : Crisil Gold, personal loan PTCs affected, direct assignments not expected to be impacted The Reserve Bank of India (RBI) amended its Master Directions on Securitisation of Standard Assets on December 5, Monday, barring securitisation of loans with residual maturity of less than 365 days — other than for trade receivables. This would limit the issuance of pass-through certificates (PTCs) backed by shorter tenure loans originated by non-banking finance companies (NBFCs). Separately, the...
Bar on short-tenure loan securitisation to affect 5% deals : Crisil
Bar on short-tenure loan securitisation to affect 5% deals : Crisil
Source: PR Agency
8/12/2022 12:37:50 PM
New digital lending norms to change operating model at some NBFCs Move will structurally strengthen sector, but add to near-term costs The digital lending norms announced by the Reserve Bank of India (RBI) on August 10, 2022, aim to usher in orderly growth and financial stability, check malpractices, strengthen transparency, and protect customer interests. They would, however, raise operational intensity and compliance costs for lenders in the near term. That is because digital lenders have built their entire customer journey via technology enabled me...
New digital lending norms to change operating model at some NBFCs
New digital lending norms to change operating model at some NBFCs
Source: PR Agency
19/08/2022 3:41:12 PM
Over a quarter of MSMEs lost over 3% market share due to Covid: Crisil More than a quarter of India's micro, small and medium enterprises (MSMEs) lost over three per cent market share due to the Covid-19 pandemic, said Crisil Ltd on Monday. According to Crisil Research's SME Report 2022, half of them suffered a contraction in their earnings before interest, tax, depreciation and amortisation (Ebitda) margins because of a sharp rise in commodity prices last fiscal, compared with the pre-pandemic (fiscal 2020) level. The Crisil report covered 69 sect...
Over a quarter of MSMEs lost over 3% market share due to Covid: Crisil
Over a quarter of MSMEs lost over 3% market share due to Covid: Crisil
Source: IANS
28/06/2022 9:00:38 AM
CRISIL trades higher despite weakness over Dalal Street CRISIL is currently trading at Rs. 3462.80, up by 7.15 points or 0.21% from its previous closing of Rs. 3455.65 on the BSE. The scrip opened at Rs. 3370.00 and has touched a high and low of Rs. 3466.00 and Rs. 3370.00 respectively. So far 892 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3860.00 on 02-May-2022 and a 52 week low of Rs. 2239.65 on 14-Jun-2021. Last one week high and low of the scrip stood at Rs....
CRISIL trades higher despite weakness over Dalal Street
CRISIL trades higher despite weakness over Dalal Street
Source: Accord Fintech
13/06/2022 11:55:05 AM
India's organised dairy sector likely to achieve 11-12% revenue growth in FY23: Crisil Crisil Ratings in its latest report has said that India's organised dairy sector is likely to achieve 11-12 per cent revenue growth this financial year (FY23), the second straight year of double-digit growth, mainly driven by healthy demand for value-added products (VAP). It said revenue growth of the organized dairy sector this financial year will be a notch below the last fiscal's 13 per cent growth. According to the report, this revenue growth will be driven by a healthy demand ...
India's organised dairy sector likely to achieve 11-12% revenue growth in FY23: Crisil
India's organised dairy sector likely to achieve 11-12% revenue growth in FY23: Crisil
Source: Accord Fintech
27/05/2022 12:24:00 PM
Buy CRISIL Ltd For Target Rs.4,100 - Yes Securities Solid performance to continue Our view CRISIL delivered a robust operating performance in Q1 CY22 (4% Revenue/16-17% EBITDA & Earnings beat) characterized by multi-year high revenue growth of 20% yoy and EBITDA margin of 29.6%. The strong growth performance was driven by a) improved growth momentum in domestic ratings business (continuous market share gains), b) sustained traction in GR&RS business underpinned by strong demand for core offerings in research, risk, regulatory sup...
Buy CRISIL Ltd For Target Rs.4,100 - Yes Securities
Buy CRISIL Ltd For Target Rs.4,100 - Yes Securities
Source: Yes Securities Ltd
26/04/2022 10:20:11 AM
Housing financiers' bad loans jump by 70 bps following new asset quality norms: Crisil Crisil Ratings in its latest report has said that since the introduction of tighter asset quality reporting norms last November, which brought in housing financiers and non-banking financial companies (NBFCs) on par with commercial banks, housing finance companies' gross bad loans have gone up by 70 basis points (bps) even as their portfolio quality has improved. According to the report, while affordable housing companies have seen a 140-bp spike in gross non-performing assets, other h...
Housing financiers' bad loans jump by 70 bps following new asset quality norms: Crisil
Housing financiers' bad loans jump by 70 bps following new asset quality norms: Crisil
Source: Accord Fintech
18/02/2022 12:20:58 PM
Buy CRISIL Ltd For Target Rs.3,500 - Centrum Broking Strong revenue beat; upgrade to BUY CRISIL’s Q4CY21 earnings surprised positively on higher revenue that led to an EBITDA and EBIT beat despite of opex being a tad higher. Top-line was better due to strong growth in research (+30% QoQ) while ratings also witnessed an uptick (+7.5% QoQ). EBIT for research was higher to estimates by 17.5% at Rs1.08bn and rating EBIT was also a bit higher at Rs660mn. Strong research growth was led by new client wins and higher wallet share from existing...
Buy CRISIL Ltd For Target Rs.3,500 - Centrum Broking
Buy CRISIL Ltd For Target Rs.3,500 - Centrum Broking
Source: Centrum Broking Ltd
17/02/2022 4:37:53 PM
Capital expenditure not as high as it sounds: Crisil research Amid FY23 Union Budget's focus on investments, leading domestic credit rating agency Crisil has said that the capital expenditure is ‘not as high as it sounds’. However it was quick to add that considering that governments usually tend to cut capex during a crisis, the government has maintained its focus on growth-spurring initiatives amid the pandemic. The research wing of the agency said, if one excludes the Rs 1 lakh crore of loans to states for capex included in the hea...
Capital expenditure not as high as it sounds: Crisil research
Capital expenditure not as high as it sounds: Crisil research
Source: Accord Fintech
10/02/2022 1:26:52 PM
Buy CRISIL Ltd For Target Rs.3,750 - Yes Securities Superlative performance raises outlook * Our bullish stance on CRISIL is predicated on a) strong market position in domestic rating business ensuring greater participation in likely cyclical revival, b) diversified revenue mix with significant contribution of resilient high-margin analytics, risk and research services, c) improving margins (estimate ~250 bps improvement over CY20-23), d) estimated escalation of dividend payouts and RoE, and e) robust corporate governance. We recently raise...
Buy CRISIL Ltd For Target Rs.3,750 - Yes Securities
Buy CRISIL Ltd For Target Rs.3,750 - Yes Securities
Source: Yes Securities Ltd
10/01/2022 9:31:12 AM
Buy CRISIL Ltd For Target Rs.3,706 - Edelweiss Financial Services Solid growth across the board CRISIL's Q3CY21 sales increased 18% YoY to INR5.7bn (6% ahead of estimates) led by solid growth across both segments—21% in research and 12% in ratings. EBITDA shot up 29% YoY (5% ahead of estimates) as margins expanded 228bps. With improving corporate capex and additional levers with ESG ratings, the outlook for the domestic ratings business is improving alongside healthy outsourced ratings. CRISIL also has a strong outlook for the research segme...
Buy CRISIL Ltd For Target Rs.3,706 - Edelweiss Financial Services
Buy CRISIL Ltd For Target Rs.3,706 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
2/12/2021 11:07:36 AM
Buy CRISIL Ltd For Target Rs. 3,371 - Yes Securities Result Highlights Overall performance * Net revenues came in at Rs5,285mn (+12% yoy and +7% qoq), which are ahead of our estimates by 3%.   * EBIDTA at Rs1,393mn was ahead of our estimates by 11% and EBIDTA margins were ahead of estimates by 210bps at 26.4%. EBIDTA was higher by 20% yoy and EBIDTA margins were higher by 172bps yoy.   * PAT at Rs1,008mn was ahead of our estimates by 24.2%. PAT surged by 52% yoy and 21% qoq. * Dividend: Board of Directors, int...
Buy CRISIL Ltd For Target Rs. 3,371 - Yes Securities
Buy CRISIL Ltd For Target Rs. 3,371 - Yes Securities
Source: Yes Securities
23/07/2021 9:40:49 AM
CRISIL zooms on reporting 52% rise in Q2 consolidated net profit CRISIL is currently trading at Rs. 3145.00, up by 149.40 points or 4.99% from its previous closing of Rs. 2995.60 on the BSE. The scrip opened at Rs. 3049.80 and has touched a high and low of Rs. 3239.10 and Rs. 3032.55 respectively. So far 27180 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3323.00 on 20-Jul-2021 and a 52 week low of Rs. 1636.30 on 03-Aug-2020. Last one week high and low of the scrip stood at...
CRISIL zooms on reporting 52% rise in Q2 consolidated net profit
CRISIL zooms on reporting 52% rise in Q2 consolidated net profit
Source: Accord Fintech
22/07/2021 12:42:15 PM
Quote on CRISIL Ltd. Q1FY22 results by Mr. Jyoti Roy, Angel Broking Ltd Below are Quote on CRISIL Ltd. Q1FY22 results by Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd    Crisil Ltd. reported a good set of numbers for Q1FY22 as revenues grew by 12.0% YoY to ₹528.5 crore led by strong traction in research and advisory services which registered growth rates of 20.2% and 14.0% respectively. However the rating business remained under pressure and registered a degrowth of 5.2% YoY to Rs. 136.6 crore. EBIDTA for the...
Quote on CRISIL Ltd. Q1FY22 results by Mr. Jyoti Roy, Angel Broking Ltd
Quote on CRISIL Ltd. Q1FY22 results by Mr. Jyoti Roy, Angel Broking Ltd
Source: Angel Broking Ltd
21/07/2021 9:17:38 AM