Diversified Analytics Business ModelCRISIL combines credit ratings, subscription research, data analytics and advisory services across corporates, financial institutions and governments. That diversified fee mix creates recurring client relationships and steady contract revenues, supporting durable cash flows and reducing concentration risk across multi-quarter horizons.
High And Stable MarginsCRISIL has maintained robust operating profitability with net margins near 20% and EBITDA margins near 30%, enabling strong return on equity and internal funding capacity. Durable margins support reinvestment, sustain operating leverage benefits, and provide resilience to moderate cost or mix pressures over several quarters.
Healthy Cash GenerationFree cash flow generally tracks net income closely and operating cash flow is positive annually, improving in 2025. Reliable cash generation underpins dividend capacity, debt servicing and reinvestment, giving management financial flexibility to support growth or strategic moves despite some year-to-year variability.