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ICRA

WEBSITE BSE:532835 NSE: ICRA Inc. Year: 1991 Industry: Ratings My Bucket: Add Stock

₹5402.5 29 | 0.5%

Last updated: 15:56

Consolidated Standalone

Last updated: 15:56

ICRA Overview

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. IC...Read More

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ICRA Key Financials

Market Cap ₹5214 Cr.

Stock P/E 30.5

P/B 4.6

Current Price ₹5402.5

Book Value ₹ 1167.1

Face Value 10

52W High ₹7135.4

Dividend Yield 1.11%

52W Low ₹ 4905.2

Edit Ratio

ICRA Share Price

₹ | |

Volume
Price

ICRA Quarterly Price

Quarterly Monthly
Show Value Show %

ICRA Peer Comparison

ICRA Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 105 115 124 115 126 121 136 124 137 164
Other Income 16 17 24 18 20 19 21 24 21 16
Total Income 121 132 148 133 146 140 157 149 157 179
Total Expenditure 71 84 74 80 85 79 77 85 88 106
Operating Profit 50 47 74 53 61 61 80 64 69 73
Interest 0 3 7 2 0 1 1 2 1 1
Depreciation 3 4 4 4 4 4 4 4 4 10
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -7
Profit Before Tax 47 41 62 47 57 56 74 58 64 55
Provision for Tax 15 8 15 11 20 14 18 16 16 16
Profit After Tax 32 32 47 36 37 42 56 43 48 39
Adjustments -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Profit After Adjustments 32 32 47 36 37 42 56 42 48 39
Adjusted Earnings Per Share 32.9 33.3 48.6 36.8 38 43.6 57.8 44 49.5 40.2

ICRA Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 322 266 292 309 328 321 301 343 403 446 498 561
Other Income 29 27 40 49 45 48 43 41 50 75 77 82
Total Income 351 293 331 358 373 369 344 384 453 521 575 642
Total Expenditure 235 172 193 194 215 225 220 222 260 297 320 356
Operating Profit 116 121 138 164 158 144 124 161 192 224 255 286
Interest 2 0 0 0 0 2 2 2 1 10 5 5
Depreciation 10 10 9 8 6 10 10 8 10 13 16 22
Exceptional Income / Expenses -4 0 0 0 0 0 0 0 0 0 0 -7
Profit Before Tax 100 111 129 157 152 131 112 152 181 200 234 251
Provision for Tax 35 38 42 56 46 34 29 39 44 48 63 66
Profit After Tax 66 73 88 101 106 97 83 114 137 152 171 186
Adjustments -0 3 1 -0 -1 -1 -1 -1 -1 -1 -1 0
Profit After Adjustments 65 76 89 101 105 96 82 112 135 151 170 185
Adjusted Earnings Per Share 65.4 76.2 89.4 101.7 109.2 99.7 84.6 116.3 140.1 156.6 176.2 191.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 12% 13% 9% 4%
Operating Profit CAGR 14% 17% 12% 8%
PAT CAGR 13% 14% 12% 10%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -8% 4% 11% 3%
ROE Average 17% 16% 15% 16%
ROCE Average 23% 22% 20% 22%

ICRA Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 429 476 549 655 641 702 758 844 950 976 1053
Minority's Interest 1 1 1 1 2 3 3 4 5 4 4
Borrowings 10 0 0 0 0 0 0 0 0 1 1
Other Non-Current Liabilities 10 7 1 4 4 20 13 11 12 50 56
Total Current Liabilities 130 137 105 107 119 115 116 115 132 152 177
Total Liabilities 578 621 656 767 765 839 890 974 1099 1184 1292
Fixed Assets 91 92 37 36 34 54 46 46 47 91 90
Other Non-Current Assets 186 210 176 329 168 64 349 492 486 436 74
Total Current Assets 301 319 444 402 564 720 495 436 565 656 1128
Total Assets 578 621 656 767 765 839 890 974 1099 1184 1292

ICRA Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 27 33 25 8 20 24 16 28 22 12 10
Cash Flow from Operating Activities 67 71 63 62 81 21 76 97 99 107 145
Cash Flow from Investing Activities -32 -41 10 -54 45 11 -32 -72 -77 27 -17
Cash Flow from Financing Activities -29 -40 -69 4 -121 -41 -32 -31 -32 -137 -103
Net Cash Inflow / Outflow 6 -10 5 12 5 -8 12 -7 -10 -2 25
Closing Cash & Cash Equivalent 33 24 8 20 24 16 28 22 12 10 35

ICRA Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 65.45 76.24 89.43 101.68 109.21 99.65 84.61 116.35 140.12 156.56 176.15
CEPS(Rs) 75.24 83 97.04 109.77 115.6 111.41 95.95 125.73 151.85 171.7 194.38
DPS(Rs) 24 25 27 30 30 27 27 28 130 100 60
Book NAV/Share(Rs) 423.05 471.46 552.21 660.43 664.04 726.97 785.11 874.1 984.62 1010.22 1086.58
Core EBITDA Margin(%) 27.12 35.22 33.73 37.26 34.43 29.85 26.95 35.18 35.44 33.35 35.69
EBIT Margin(%) 31.82 41.82 44.38 50.8 46.37 41.58 37.89 44.82 45.29 47.13 47.94
Pre Tax Margin(%) 31.2 41.74 44.37 50.77 46.34 40.95 37.2 44.37 44.94 44.8 46.98
PAT Margin (%) 20.37 27.58 30.03 32.76 32.29 30.28 27.46 33.12 33.91 34.13 34.38
Cash Profit Margin (%) 23.37 31.18 32.96 35.2 34.01 33.49 30.76 35.4 36.35 37.14 37.67
ROA(%) 12.04 12.24 13.71 14.22 13.83 12.12 9.56 12.18 13.2 13.34 13.83
ROE(%) 16.32 16.42 17.2 16.85 16.36 14.49 11.33 14.18 15.24 15.82 16.92
ROCE(%) 24.29 24.33 25.24 26.06 23.48 19.89 15.63 19.19 20.36 21.81 23.49
Receivable days 54.76 69.6 51.19 44.05 41.39 51.72 63.47 39.4 29.21 36.47 36.16
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) 61.18 50.82 45.76 35.74 26.57 21.73 38.81 36.59 31.52 34.78 31.36
Price/Book(x) 9.46 8.22 7.41 5.5 4.37 2.98 4.18 4.87 4.49 5.39 5.08
Dividend Yield(%) 0.6 0.65 0.66 0.83 1.03 1.25 0.82 0.66 2.94 1.84 1.09
EV/Net Sales(x) 12.1 13.71 13.21 10.9 7.29 4.87 9.2 11.08 9.97 11.43 10.14
EV/Core EBITDA(x) 33.51 30.18 27.91 20.48 15.17 10.87 22.34 23.53 20.89 22.8 19.79
Net Sales Growth(%) 13.77 -17.31 9.52 5.94 6.21 -2.13 -6.24 13.87 17.63 10.64 11.64
EBIT Growth(%) 3.74 8.7 16.23 21.26 -3.06 -12.22 -14.57 34.71 18.86 15.13 13.56
PAT Growth(%) -4.85 11.95 19.26 15.56 4.71 -8.22 -14.97 37.31 20.43 11.35 12.46
EPS Growth(%) -5.05 16.49 17.3 13.69 7.41 -8.75 -15.09 37.51 20.43 11.73 12.52
Debt/Equity(x) 0.02 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 2.33 2.33 4.24 3.76 4.75 6.26 4.26 3.77 4.29 4.32 6.37
Quick Ratio(x) 2.33 2.33 4.24 3.76 4.75 6.26 4.26 3.77 4.29 4.32 6.37
Interest Cover(x) 51.65 513.25 3326.29 1514.56 2033.59 65.3 55.45 98.4 129.3 20.2 49.71
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

ICRA Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 51.87 51.87 51.87 51.87 51.87 51.87 51.87 51.87 51.87 51.87
FII 8.22 8.42 8.58 8.77 9.06 8.78 8.66 6.87 7.25 7.92
DII 24.21 24.05 23.6 24.1 23.9 24.15 24.35 26.13 25.52 24.49
Public 15.71 15.67 15.95 15.27 15.18 15.21 15.12 15.13 15.37 15.72
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

ICRA News

ICRA Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 4.6 times its book value.

* The pros and cons are machine generated.

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