ICRA

₹5100 -13.4 | 0.3%

WEBSITE BSE:532835 NSE : ICRA 10 May, 16:01

Market Cap ₹4922 Cr.

Stock P/E 34.5

P/B 5.3

Current Price ₹5100

Book Value ₹ 963.5

Face Value 10

52W High ₹6244.7

Dividend Yield 2.55%

52W Low ₹ 4662

Edit Ratio

ICRA Research see more...

Overview Inc. Year: 1991Industry: Ratings

ICRA Ltd (ICRA) is an independent and professional funding Information and credit rating company. The Company operates through 4 segments: Rating, studies and other offerings; Consulting offerings; Outsourced and Information services, and Professional and I.T. Services. The Company is engaged in presenting rating and grading offerings. ICRA rates rupee-denominated debt gadgets issued by manufacturing companies, business banks, non-banking finance businesses, monetary institutions, public quarter undertakings and municipalities, among others. ICRA additionally rates established duties and quarter-specific debt obligations, consisting of instruments issued by power, telecom and infrastructure organizations. It offers different offerings, which consist of company governance rating, stakeholder value and governance rating, credit risk rating of debt mutual finances, project finance rating, line of credit rating and valuation of primary protected-market linked debentures (PP-MLD).

ICRA Share Price

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Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

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Peer Comparison

ICRA Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	83	87	94	93	99	103	109	103	105	115
Other Income	11	9	11	7	13	15	16	18	16	17
Total Income	93	96	104	100	112	118	125	120	121	132
Total Expenditure	60	52	55	61	63	67	71	68	71	84
Operating Profit	33	44	49	39	49	51	54	52	50	47
Interest	0	0	0	0	0	0	0	0	0	3
Depreciation	2	2	2	2	2	3	3	2	3	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	31	41	47	36	46	48	51	50	47	41
Provision for Tax	7	10	13	15	9	9	12	9	15	8
Profit After Tax	24	31	34	22	37	39	39	41	32	32
Adjustments	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Profit After Adjustments	24	31	33	21	37	39	38	40	32	32
Adjusted Earnings Per Share	24.9	32	34.6	22	38.1	40.3	39.8	41.8	32.9	33.3

ICRA Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	251	283	322	266	292	309	328	321	301	343	403	432
Other Income	18	19	29	27	40	49	45	48	43	41	50	67
Total Income	269	302	351	293	331	358	373	369	344	384	453	498
Total Expenditure	192	198	235	172	193	194	215	225	220	222	260	294
Operating Profit	78	105	116	121	138	164	158	144	124	161	192	203
Interest	0	1	2	0	0	0	0	2	2	2	1	3
Depreciation	5	6	10	10	9	8	6	10	10	8	10	12
Exceptional Income / Expenses	-1	0	-4	0	0	0	0	0	0	0	0	0
Profit Before Tax	72	98	100	111	129	157	152	131	112	152	181	189
Provision for Tax	13	29	35	38	42	56	46	34	29	39	44	44
Profit After Tax	59	69	66	73	88	101	106	97	83	114	137	144
Adjustments	0	0	-0	3	1	-0	-1	-1	-1	-1	-1	0
Profit After Adjustments	59	69	65	76	89	101	105	96	82	112	135	142
Adjusted Earnings Per Share	59.2	68.9	65.4	76.2	89.4	101.7	109.2	99.7	84.6	116.3	140.1	147.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	17%	8%	5%	5%
Operating Profit CAGR	19%	10%	3%	9%
PAT CAGR	20%	12%	6%	9%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	7%	16%	12%	10%
ROE Average	15%	14%	14%	16%
ROCE Average	20%	18%	20%	23%

ICRA Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	339	388	429	476	549	655	641	702	758	844	950
Minority's Interest	5	0	1	1	1	1	2	3	3	4	5
Borrowings	0	16	10	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	7	8	10	7	1	4	4	20	13	11	12
Total Current Liabilities	88	99	130	137	105	107	119	115	116	115	132
Total Liabilities	439	511	578	621	656	767	765	839	890	974	1099
Fixed Assets	65	89	91	92	37	36	34	54	46	46	47
Other Non-Current Assets	215	105	186	210	176	329	168	64	349	492	486
Total Current Assets	159	317	301	319	444	402	564	720	495	436	565
Total Assets	439	511	578	621	656	767	765	839	890	974	1099

ICRA Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	41	26	27	33	25	8	20	24	16	28	22
Cash Flow from Operating Activities	24	100	67	71	63	62	81	21	76	97	99
Cash Flow from Investing Activities	-6	-72	-32	-41	10	-54	45	11	-32	-72	-77
Cash Flow from Financing Activities	-11	-27	-29	-40	-69	4	-121	-41	-32	-31	-32
Net Cash Inflow / Outflow	6	1	6	-10	5	12	5	-8	12	-7	-10
Closing Cash & Cash Equivalent	47	27	33	24	8	20	24	16	28	22	12

ICRA Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	59.16	68.93	65.45	76.24	89.43	101.68	109.21	99.65	84.61	116.35	140.12
CEPS(Rs)	63.64	74.93	75.24	83	97.04	109.77	115.6	111.41	95.95	125.73	151.85
DPS(Rs)	22	23	24	25	27	30	30	27	27	28	130
Book NAV/Share(Rs)	325.69	380.72	423.05	471.46	552.21	660.43	664.04	726.97	785.11	874.1	984.62
Core EBITDA Margin(%)	23.81	30.18	27.12	35.22	33.73	37.26	34.43	29.85	26.95	35.18	35.44
EBIT Margin(%)	28.66	34.89	31.82	41.82	44.38	50.8	46.37	41.58	37.89	44.82	45.29
Pre Tax Margin(%)	28.66	34.6	31.2	41.74	44.37	50.77	46.34	40.95	37.2	44.37	44.94
PAT Margin (%)	23.39	24.36	20.37	27.58	30.03	32.76	32.29	30.28	27.46	33.12	33.91
Cash Profit Margin (%)	25.31	26.48	23.37	31.18	32.96	35.2	34.01	33.49	30.76	35.4	36.35
ROA(%)	14.34	14.51	12.04	12.24	13.71	14.22	13.83	12.12	9.56	12.18	13.19
ROE(%)	19.24	19.51	16.32	16.42	17.2	16.85	16.36	14.49	11.33	14.18	15.24
ROCE(%)	22.48	26.55	24.29	24.33	25.24	26.06	23.48	19.89	15.63	19.19	20.36
Receivable days	61.15	58.13	54.76	69.6	51.19	44.05	41.39	51.72	63.47	39.4	29.21
Inventory Days	0	0	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	17.05	27.2	61.18	50.82	45.76	35.74	26.57	21.73	38.81	36.59	31.52
Price/Book(x)	3.1	4.93	9.46	8.22	7.41	5.5	4.37	2.98	4.18	4.87	4.49
Dividend Yield(%)	2.18	1.23	0.6	0.65	0.66	0.83	1.03	1.25	0.82	0.66	2.94
EV/Net Sales(x)	3.82	6.53	12.1	13.71	13.21	10.9	7.29	4.87	9.2	11.08	9.97
EV/Core EBITDA(x)	12.36	17.65	33.51	30.18	27.91	20.48	15.17	10.87	22.34	23.53	20.89
Net Sales Growth(%)	21.18	12.55	13.77	-17.31	9.52	5.94	6.21	-2.13	-6.24	13.87	17.63
EBIT Growth(%)	-9.01	37.04	3.74	8.7	16.23	21.26	-3.06	-12.22	-14.57	34.71	18.86
PAT Growth(%)	9.19	17.2	-4.85	11.95	19.26	15.56	4.71	-8.22	-14.97	37.31	20.43
EPS Growth(%)	9.53	16.52	-5.05	16.49	17.3	13.69	7.41	-8.75	-15.09	37.51	20.43
Debt/Equity(x)	0	0.04	0.02	0	0	0	0	0	0	0	0
Current Ratio(x)	1.8	3.19	2.33	2.33	4.24	3.76	4.75	6.26	4.26	3.77	4.29
Quick Ratio(x)	1.8	3.19	2.33	2.33	4.24	3.76	4.75	6.26	4.26	3.77	4.29
Interest Cover(x)	0	120.72	51.65	513.25	3326.29	1514.56	2033.59	65.3	55.45	98.4	129.3
Total Debt/Mcap(x)	0	0.01	0	0	0	0	0	0	0	0	0

ICRA Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	51.87	51.87	51.87	51.87	51.87	51.87	51.87	51.87	51.87	51.87
FII	8.18	7.55	7.55	7.6	7.71	7.64	7.71	8.15	8.22	8.42
DII	29.06	28.84	28.7	27.47	25.24	24.74	24.3	23.99	24.21	24.05
Public	10.89	11.75	11.89	13.07	15.18	15.75	16.12	15.99	15.71	15.67
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5
FII	0.08	0.07	0.07	0.07	0.07	0.07	0.07	0.08	0.08	0.08
DII	0.28	0.28	0.28	0.27	0.24	0.24	0.23	0.23	0.23	0.23
Public	0.11	0.11	0.11	0.13	0.15	0.15	0.16	0.15	0.15	0.15
Others	0	0	0	0	0	0	0	0	0	0
Total	0.97	0.97	0.97	0.97	0.97	0.97	0.97	0.97	0.97	0.97

Pros

Company is almost debt free.

Cons

Company has a low return on equity of 14% over the last 3 years.
Stock is trading at 5.3 times its book value.
The company has delivered a poor profit growth of 6% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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ICRA

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ICRA Research see more...

Overview Inc. Year: 1991Industry: Ratings

ICRA Share Price

Alert Data

Quarterly Price

Peer Comparison

ICRA Quarterly Results

ICRA Profit & Loss

Growth Rates

ICRA Balance Sheet

ICRA Cash Flow

ICRA Ratios

ICRA Shareholding Pattern

ICRA News

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