Crisil Limited

Internet Software/Services/ NSE

Compiled

Auto-generated from filings and public channels — no analyst dossier.

If management delivers what it guided

arithmetic on filed guidance and past valuations · not a price target

CRISIL

FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹4,360 today

BEAR

₹2,414

-45%

3.9% a year · 19.2x exit

BASE

₹2,960

-32%

6.7% a year · 22.9x exit

BULL

₹6,084

+40%

9.1% a year · 46.1x exit

Where the market has priced it

14x36x today55x

the guided figure reached earnings through a low-confidence bridge
this company has too little filed history for a multiple band of its own, so the exit multiple is the median of 6 Internet Software/Services peers

How these numbers are produced

Earnings base	FY26 TTM EPS ₹120.92 (universe (TradingView, diluted TTM))
Guided growth	6.7% a year, said on the call of 24-Apr-2026 · transcript
Read across as	operating: unlabelled growth figure, read as revenue — low confidence
Delivery calibration	0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings
Exit multiple	19.22x / 22.95x / 46.13x, this company’s own p20 / median / p80 across 6 filed years
Filed-industry peers	median 22.95x across 6 peers — the cross-check, not the input
Arithmetic	base EPS × (1 + guided growth × delivery)¹ × exit multiple

Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.

How to read this

It answers one question. If this management delivers the growth it told its own investors it would, and the market pays what it has historically paid for this company's earnings, where does the arithmetic land? Nothing here is a forecast of the share price.
Three cases, two moving parts. Bear, base and bull vary the delivery — what fraction of guidance managements actually file — and the exit multiple together, because a company that misses its guidance is usually de-rated for missing it. Each case shows the growth rate and the multiple that produced it.
Read the width, not just the middle. A wide gap between bear and bull means the inputs are uncertain, not that the upside is bigger. A narrow range is a more confident statement than a high one.
“Where the market has priced it” puts today's P/E on the company's own historical range. Sitting far below that range is why a scenario can look enormous: the number is then mostly about re-rating, not about delivery, and the board marks those separately.
The bullets underneath are the caveats — a borrowed peer multiple, a thin filed history, an earnings base that carried a one-off. They are the reasons to trust the number less, listed rather than buried.

Not a price target, not a recommendation, and not a forecast of what the stock will do. The field guide covers the method.

What management said

from NSE earnings-call filings · extracted, not interpreted

generic growth 6.8%book growth 13%

If the current West Asia conflict and disruption prolongs through April, we expect the GDP growth to slow to 6.8% this fiscal.

Call 24-Apr-2026 · bridge confidence low · transcript PDF

Coverage

SectorInternet Software/Services

Dossiersnone

Guidanceyes

Scenarioyes

Street chatter

unverified · logged from public channels

SIGNPOST INDIA: Gets CRISIL upgrade to A-/Stable and A2+ on ₹290 crore bank facilities.

Mention only22 Apr 13:29

MUTHOOT CAPITAL: CRISIL upgrades long-term rating to AA-/Stable from A+/Positive.

Mention only09 Jun 13:29

SANDUR MANGANESE: CRISIL revises outlook to Positive, rating reaffirmed at A+.

Mention only03 Jun 13:29

RPP INFRA PROJECTS: CRISIL DOWNGRADES CREDIT RATING 📉🏗️

📊 CRISIL downgraded the company's long-term rating to CRISIL BBB/Stable from CRISIL BBB+/Stable and short-term rating to CRISIL A3+ from CRISIL A2 for ₹642 crore bank facilities.

📉 The downgrade was driven by weaker-than-expected operating performance, with EBITDA margin falli

Mention only31 Jul 07:33