ICRA Limited ICRA NSEFINANCIAL
ICRA Limited operates as an independent and professional investment information, and credit rating agency in India and internationally. The company operates through Ratings and Ancillary Services; and Research and Analytics segments. It offers research, and industry and economic research; data management and analytics, cash flow waterfall modelling, model validation and testing, credit risk analysis, and business transformation; market data and risk consulting services; and management consulting, and outsourcing and information services. The company also provides credit rating services for various issuers including manufacturing, service, non-banking finance, and infrastructure companies, as well as bank and financial institutions, municipal and other local bodies, state government, and small and medium sector entities; and financial sector ratings, which includes term loans, debentures, public deposits, working capital demand loans, cash credit from banks, commercial paper, mibor-linked loans, and others. It offers structured finance ratings for assessment of risk associated with individual components of structured instruments, including asset-backed securitization, collateralized debt obligation, mortgage backed securitization, future flow transaction, and partial guarantee structures; and infrastructure sector ratings to debt programs of issuers in power, roads, telecommunication, and other infrastructure related sectors. The company also provides other ratings, which includes mutual funds, public finance, infrastructure expected loss, infrastructure investment trust, independent credit evaluation, and market liked debenture. It offers credit perspectives detailed analysis, including key rating consideration, rating sensitivity factor, rating rationale, company profile, business update and outlook, financial update and outlook, etc.; and software solutions. ICRA Limited was incorporated in 1991 and is headquartered in Gurugram, India.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Healthy ROCE of 20.5%.
- Excellent profit margin of 30.3%.
- Compounding revenue at 14.4% over 5 years.
- Profit CAGR of 10.3% over 5 years.
- Generates positive free cash flow.
CONS
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ICRA ICRA Limited NSEFINANCIAL | 5,375.00 | 28.57 | ₹5,186.64 Cr | 1.30% | 20.52% | 16.28% | 14.38% | 10.31% |
| 2 | HDFCBANK HDFC Bank Limited NIFTY50NSEAIFINANCIAL | 744.55 | 16.61 | ₹11.46 L Cr | 1.75% | - | 13.82% | 32.50% | 20.39% |
| 3 | ICICIBANK ICICI Bank Limited NIFTY50NSEAIFINANCIAL | 1,256.40 | 16.81 | ₹9.01 L Cr | 0.88% | - | 16.36% | 19.65% | 16.78% |
| 4 | SBIN State Bank of India NIFTY50NSEAIFINANCIALPSU | 964.40 | 10.58 | ₹8.90 L Cr | 1.80% | - | 15.48% | 12.19% | 14.39% |
| 5 | KOTAKBANK Kotak Mahindra Bank Limited NIFTY50NSEAIFINANCIAL | 384.20 | 19.80 | ₹3.82 L Cr | 0.13% | - | 11.39% | 14.58% | 8.92% |
| 6 | LICI Life Insurance Corporation of India NIFTY_MIDNSEFINANCIALPSU | 411.35 | 9.06 | ₹2.60 L Cr | 2.43% | - | 42.36% | 7.61% | 16.86% |
| 7 | SHRIRAMFIN Shriram Finance Limited NIFTY50NSEFINANCIAL | 947.15 | 17.79 | ₹2.23 L Cr | 1.46% | - | 16.38% | 15.48% | 18.59% |
| 8 | SBILIFE SBI Life Insurance Company Limited NIFTY50NSEFINANCIAL | 1,830.10 | 74.06 | ₹1.84 L Cr | 0.15% | - | 13.70% | 11.67% | 12.81% |
| 9 | ICICIAMC ICICI PRUDENTIAL AMC LTD NIFTY_MIDNSEFINANCIAL | 3,538.50 | 53.19 | ₹1.75 L Cr | 0.70% | 98.30% | 85.80% | 28.94% | 29.58% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | 126.12 Cr | 120.87 Cr | 136.21 Cr | 124.49 Cr | 163.59 Cr | 174.85 Cr |
| Cost of Revenue | 70.39 Cr | 64.63 Cr | 61.14 Cr | 69.71 Cr | 83.64 Cr | 84.27 Cr |
| Gross Profit | 55.73 Cr | 56.24 Cr | 75.08 Cr | 54.77 Cr | 79.95 Cr | 90.58 Cr |
| Operating Expenses | 18.48 Cr | 18.27 Cr | 20.40 Cr | 19.12 Cr | 32.72 Cr | 31.03 Cr |
| Operating Income | 37.25 Cr | 37.97 Cr | 54.68 Cr | 35.65 Cr | 47.23 Cr | 59.55 Cr |
| EBITDA | 61.31 Cr | 61.01 Cr | 79.78 Cr | 64.11 Cr | 65.85 Cr | 83.74 Cr |
| Interest Expense | 34.16 L | 1.07 Cr | 1.24 Cr | 1.65 Cr | 97.55 L | 93.81 L |
| Pretax Income | 56.95 Cr | 55.75 Cr | 74.06 Cr | 58.37 Cr | 54.91 Cr | 72.80 Cr |
| Tax Provision | 19.85 Cr | 13.53 Cr | 18.07 Cr | 15.61 Cr | 15.85 Cr | 20.11 Cr |
| Net Income | 36.72 Cr | 42.03 Cr | 55.74 Cr | 42.44 Cr | 38.82 Cr | 52.45 Cr |
| Diluted EPS | 38.11 | 43.63 | 57.86 | 44.05 | 40.27 | 54.43 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 400.60 Cr | 444.23 Cr | 498.02 Cr | 599.51 Cr |
| Cost of Revenue | - | 190.49 Cr | 231.01 Cr | 261.13 Cr | 310.12 Cr |
| Gross Profit | - | 210.11 Cr | 213.23 Cr | 236.89 Cr | 289.39 Cr |
| Operating Expenses | - | 76.75 Cr | 73.56 Cr | 75.53 Cr | 102.63 Cr |
| Operating Income | - | 133.36 Cr | 139.66 Cr | 161.36 Cr | 186.77 Cr |
| EBITDA | - | 192.46 Cr | 223.73 Cr | 255.17 Cr | 283.13 Cr |
| Interest Expense | - | 1.41 Cr | 10.41 Cr | 4.80 Cr | 4.43 Cr |
| Pretax Income | - | 181.22 Cr | 199.86 Cr | 233.97 Cr | 250.45 Cr |
| Tax Provision | - | 44.49 Cr | 47.62 Cr | 62.77 Cr | 67.91 Cr |
| Net Income | - | 135.24 Cr | 151.09 Cr | 170.01 Cr | 181.52 Cr |
| Diluted EPS | - | 140.59 | 156.99 | 176.50 | 188.32 |
Compounded Sales Growth
| 5 Years: | 14.38% |
| 1 Year: | 4.10% |
Compounded Profit Growth
| 5 Years: | 10.31% |
| 1 Year: | 32.30% |
Stock Price Performance
| 1 Year: | -17.85% |
| 6 Months: | -12.63% |
| 3 Months: | -6.07% |
| 1 Month: | -2.26% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 1,100.82 Cr | 1,186.65 Cr | 1,294.17 Cr | 1,486.10 Cr |
| Current Assets | - | 565.45 Cr | 656.46 Cr | 1,128.12 Cr | 928.68 Cr |
| Cash & Equivalents | - | 12.16 Cr | 10.48 Cr | 35.13 Cr | 29.72 Cr |
| Inventory | - | - | - | - | - |
| Receivables | - | 38.05 Cr | 51.09 Cr | 47.59 Cr | 78.41 Cr |
| Total Liabilities | - | 145.89 Cr | 205.67 Cr | 236.52 Cr | 300.96 Cr |
| Current Liabilities | - | 131.74 Cr | 151.86 Cr | 177.10 Cr | 244.34 Cr |
| Long Term Debt | - | 0 | 1.02 Cr | 62.58 L | 37.58 L |
| Total Debt | - | 13.03 Cr | 12.68 Cr | 13.14 Cr | 18.40 Cr |
| Total Equity | - | 950.28 Cr | 976.49 Cr | 1,053.23 Cr | 1,180.74 Cr |
| Shares Outstanding | - | 96.51 L | 96.51 L | 96.51 L | 96.51 L |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 99.26 Cr | 107.01 Cr | 144.89 Cr | 157.26 Cr |
| Investing Cash Flow | - | -76.84 Cr | 27.49 Cr | -16.89 Cr | -110.19 Cr |
| Financing Cash Flow | - | -32.13 Cr | -136.71 Cr | -103.13 Cr | -66.91 Cr |
| Capital Expenditure | - | -9.09 Cr | -6.90 Cr | -12.41 Cr | -12.49 Cr |
| Free Cash Flow | - | 90.17 Cr | 100.11 Cr | 132.48 Cr | 144.76 Cr |
| Net Change in Cash | - | -9.71 Cr | -2.21 Cr | 24.87 Cr | -19.85 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 52.4% | 48.0% | 47.6% | 48.3% |
| Operating Margin % | - | 33.3% | 31.4% | 32.4% | 31.2% |
| Net Margin % | - | 33.8% | 34.0% | 34.1% | 30.3% |
| ROE % | - | 14.2% | 15.5% | 16.1% | 15.4% |
| ROCE % | - | 13.8% | 13.5% | 14.4% | 15.0% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for ICRA