After CRISIL ,ICRA , now we have a new player in equity market another rating company Credit Analysis & Research Ltd (CARE) , indias second largest desi rating company. after crisil , care is in second position in indian rating company. A month ago care was listed on nse and bse , with 930 rs per share price which is 24% higher then ipo price. company have a good fundamental in compare with its peer group 2 listed companys, company have quoted now 806 (5.05%) have 18.93 PE Ratio, which is lower then industry PE Ratio 25.89, and EPS is 40.52 with face value of 10 rs. CARE is enjoying 53.27% Net Profit Margin, Return on Average Equity 30.7. Looking very good in its peer group or also in MISCELLANEOUS and FINANCIAL sectors. Leverage ratios,Long term debt / Equity,Total debt/equity are zero. its showing company has no debt, the debit side is clear. Improved Current ratio 2.04 means 2.04:1 and Current ratio (inc. st loans) is also 2.04, showing company has too much power in 50% loss condition to pay all liabilities.Earning retention ratio,Cash earnings retention ratio is 100 its healthy, Return on long term funds (%)42.88 its above avrage ,Net cashflow-operating activity improving 14.2% avrage per year.CARE declared an Interim Dividend of Rs. 12/- per equity shares of Rs. 10/- each. Its first dividend from company looking too much attractive. company looking good for long term investment . MF added above 10 lakh share of this company in last qutr.
disclosure: I have holding in company
