ICRA Limited ICRA NSEFINANCIAL
Company Overview
ICRA Limited operates as an independent and professional investment information, and credit rating agency in India and internationally. It offers data and knowledge process operations, digital transformation, data application development, financial intelligence, ESG analytics, and model development services; credit risk solutions and data platforms, including internal rating solution, early warning system, asset classification product, expected credit loss solution, regulatory reporting, and a range of data and analytics services; and bond valuations, mutual fund analytics, fixed income index products, risk, and compliance solutions, as well as software services. The company was incorporated in 1991 and is headquartered in Gurugram, India.
Why Investors Should Care
Generates a return on equity of 15.4%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 20.5%.
Net profit has compounded at 10.3% per year over the last five years.
Revenue has grown at a 14.3% CAGR over the past five years.
Maintains a net profit margin of 30.6%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹598.21 Cr (+20.4% YoY); net profit ₹181.52 Cr.
- Trailing 12 Months Year-on-year growth — revenue +31.2%, earnings +32.3%.
- 5-Year Trend Long-term compounding — revenue CAGR 14.3%, profit CAGR 10.3%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 14.30% |
| 1 Year: | 31.20% |
Compounded Profit Growth
| 5 Years: | 10.31% |
| 1 Year: | 32.30% |
Stock Price Performance
| 1 Year: | -25.01% |
| 6 Months: | -14.80% |
| 3 Months: | -10.71% |
| 1 Month: | -1.32% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)46.89 · Neutral
P/E of 22.14 is above the sector median of 15.36 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
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 Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Healthy ROCE of 20.5%.
- Excellent profit margin of 30.6%.
- Compounding revenue at 14.3% over 5 years.
- Profit CAGR of 10.3% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 32.0% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
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 | 4,484.70 | 22.14 | ₹4,318.23 Cr | 1.61% | 20.52% | 15.37% | 14.30% | 10.31% |
| 2 | HDFCBANK HDFC Bank Limited NIFTY50NSEAIFINANCIAL | 706.95 | 15.45 | ₹10.90 L Cr | 1.88% | - | 13.84% | 16.90% | 12.47% |
| 3 | ICICIBANK ICICI Bank Limited NIFTY50NSEAIFINANCIAL | 1,385.00 | 17.90 | ₹9.94 L Cr | 0.89% | - | 16.07% | 18.11% | 16.78% |
| 4 | SBIN State Bank of India NIFTY50NSEAIFINANCIALPSU | 963.00 | 10.32 | ₹8.89 L Cr | 1.82% | - | 15.18% | 12.19% | 14.39% |
| 5 | BAJFINANCE Bajaj Finance Limited NIFTY50NSEAIFINANCIAL | 926.00 | 28.43 | ₹5.77 L Cr | 0.56% | - | 16.68% | 22.58% | 18.23% |
| 6 | KOTAKBANK Kotak Mahindra Bank Limited NIFTY50NSEAIFINANCIAL | 437.80 | 21.46 | ₹4.36 L Cr | 0.15% | - | 10.64% | 13.48% | 8.92% |
| 7 | AXISBANK Axis Bank Limited NIFTY50NSEAIFINANCIAL | 1,210.00 | 13.61 | ₹3.77 L Cr | 0.08% | - | 13.35% | 12.16% | 34.61% |
| 8 | BAJAJFINSV Bajaj Finserv Ltd. NIFTY50NSEAIFINANCIAL | 1,690.00 | 26.83 | ₹2.70 L Cr | 0.07% | - | 12.58% | 22.92% | 15.16% |
| 9 | LICI Life Insurance Corporation of India NIFTY_MIDNSEFINANCIALPSU | 392.05 | 8.26 | ₹2.48 L Cr | 2.59% | - | 32.53% | 7.26% | 16.86% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 109.00 Cr | 103.00 Cr | 105.00 Cr | 115.00 Cr | 124.00 Cr | 115.00 Cr | 126.00 Cr | 120.87 Cr | 136.21 Cr | 124.49 Cr | 137.00 Cr | 163.59 Cr | 174.85 Cr | 163.37 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | 64.63 Cr | 61.14 Cr | 69.71 Cr | - | 83.64 Cr | 84.27 Cr | 87.26 Cr |
| Gross Profit | - | - | - | - | - | - | - | 56.24 Cr | 75.08 Cr | 54.77 Cr | - | 79.95 Cr | 90.58 Cr | 76.11 Cr |
| Operating Expenses | 71.00 Cr | 68.00 Cr | 71.00 Cr | 84.00 Cr | 74.00 Cr | 80.00 Cr | 85.00 Cr | 18.27 Cr | 20.40 Cr | 19.12 Cr | 88.00 Cr | 32.72 Cr | 31.03 Cr | 31.56 Cr |
| Operating Income | 35.00 Cr | 33.00 Cr | 31.00 Cr | 26.00 Cr | 46.00 Cr | 31.00 Cr | 37.00 Cr | 37.97 Cr | 54.68 Cr | 35.65 Cr | 45.00 Cr | 47.23 Cr | 59.55 Cr | 44.55 Cr |
| EBITDA | 38.00 Cr | 35.00 Cr | 34.00 Cr | 30.00 Cr | 50.00 Cr | 35.00 Cr | 41.00 Cr | 61.01 Cr | 79.78 Cr | 64.11 Cr | 49.00 Cr | 65.85 Cr | 83.74 Cr | 87.11 Cr |
| Interest Expense | 0 | 0 | 0 | 3.00 Cr | 7.00 Cr | 2.00 Cr | 0 | 1.07 Cr | 1.24 Cr | 1.65 Cr | 1.00 Cr | 97.55 L | 93.81 L | 44.63 L |
| Pretax Income | 51.00 Cr | 50.00 Cr | 47.00 Cr | 41.00 Cr | 62.00 Cr | 47.00 Cr | 57.00 Cr | 55.75 Cr | 74.06 Cr | 58.37 Cr | 64.00 Cr | 54.91 Cr | 72.80 Cr | 76.12 Cr |
| Tax Provision | 12.24 Cr | 9.00 Cr | 15.04 Cr | 8.20 Cr | 14.88 Cr | 11.28 Cr | 19.95 Cr | 13.53 Cr | 18.07 Cr | 15.61 Cr | 16.00 Cr | 15.85 Cr | 20.11 Cr | 19.66 Cr |
| Net Income | 39.00 Cr | 41.00 Cr | 32.00 Cr | 32.00 Cr | 47.00 Cr | 36.00 Cr | 37.00 Cr | 42.03 Cr | 55.74 Cr | 42.44 Cr | 48.00 Cr | 38.82 Cr | 52.45 Cr | 56.16 Cr |
| Diluted EPS | 39.76 | 41.77 | 32.92 | 33.31 | 48.56 | 36.80 | 38.05 | 43.63 | 57.86 | 44.05 | 49.54 | 40.27 | 54.43 | 58.27 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 322.00 Cr | 341.00 Cr | 333.00 Cr | 309.00 Cr | 328.00 Cr | 321.00 Cr | 301.00 Cr | - | 400.60 Cr | 444.23 Cr | 497.00 Cr | 598.21 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 190.49 Cr | 231.01 Cr | 252.69 Cr | 296.99 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 210.11 Cr | 213.23 Cr | 244.31 Cr | 301.22 Cr |
| Operating Expenses | 252.00 Cr | 240.00 Cr | 231.00 Cr | 194.00 Cr | 215.00 Cr | 225.00 Cr | 220.00 Cr | - | 76.75 Cr | 73.56 Cr | 82.71 Cr | 113.84 Cr |
| Operating Income | 60.00 Cr | 91.00 Cr | 93.00 Cr | 107.00 Cr | 107.00 Cr | 86.00 Cr | 71.00 Cr | - | 133.36 Cr | 139.66 Cr | 161.60 Cr | 187.38 Cr |
| EBITDA | 70.00 Cr | 101.00 Cr | 102.00 Cr | 115.00 Cr | 113.00 Cr | 96.00 Cr | 81.00 Cr | - | 192.46 Cr | 223.73 Cr | 255.17 Cr | 283.13 Cr |
| Interest Expense | 2.00 Cr | 1.00 Cr | 0 | 0 | 0 | 2.00 Cr | 2.00 Cr | - | 1.41 Cr | 10.41 Cr | 4.80 Cr | 4.43 Cr |
| Pretax Income | 100.00 Cr | 118.00 Cr | 132.00 Cr | 157.00 Cr | 152.00 Cr | 131.00 Cr | 112.00 Cr | - | 181.22 Cr | 199.86 Cr | 233.97 Cr | 250.45 Cr |
| Tax Provision | 35.00 Cr | 41.30 Cr | 43.56 Cr | 54.95 Cr | 45.60 Cr | 34.06 Cr | 29.12 Cr | - | 44.49 Cr | 47.62 Cr | 62.77 Cr | 67.91 Cr |
| Net Income | 66.00 Cr | 76.00 Cr | 89.00 Cr | 101.00 Cr | 106.00 Cr | 97.00 Cr | 83.00 Cr | - | 135.24 Cr | 151.09 Cr | 170.01 Cr | 181.52 Cr |
| Diluted EPS | 65.45 | 76.24 | 89.29 | 101.68 | 109.21 | 99.66 | 84.61 | - | 140.59 | 156.99 | 176.50 | 188.32 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 583.00 Cr | 627.00 Cr | 660.00 Cr | 771.00 Cr | 769.00 Cr | 846.00 Cr | 896.00 Cr | - | 1,100.82 Cr | 1,186.65 Cr | 1,294.17 Cr | 1,486.10 Cr |
| Current Assets | - | - | - | - | - | - | - | - | 565.45 Cr | 656.46 Cr | 1,130.12 Cr | 928.68 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 12.16 Cr | 10.48 Cr | 35.12 Cr | 29.72 Cr |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | 38.05 Cr | 51.09 Cr | 50.32 Cr | 80.28 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 145.89 Cr | 205.67 Cr | 236.52 Cr | 300.96 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 131.74 Cr | 151.86 Cr | 177.69 Cr | 244.34 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | 0 | 1.02 Cr | 62.58 L | 37.58 L |
| Total Debt | 10.00 Cr | 0 | 0 | 0 | 0 | 0 | 17.00 Cr | - | 13.03 Cr | 12.68 Cr | 13.14 Cr | 18.40 Cr |
| Total Equity | 429.00 Cr | 476.00 Cr | 549.00 Cr | 655.00 Cr | 641.00 Cr | 702.00 Cr | 758.00 Cr | - | 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 67.00 Cr | 71.00 Cr | 63.00 Cr | 62.00 Cr | 81.00 Cr | 21.00 Cr | 76.00 Cr | - | 99.26 Cr | 107.01 Cr | 144.89 Cr | 157.26 Cr |
| Investing Cash Flow | -31.00 Cr | -40.00 Cr | -12.00 Cr | -54.00 Cr | 45.00 Cr | 11.00 Cr | -32.00 Cr | - | -76.84 Cr | 27.49 Cr | -16.89 Cr | -110.19 Cr |
| Financing Cash Flow | -29.00 Cr | -40.00 Cr | -69.00 Cr | 4.00 Cr | -121.00 Cr | -41.00 Cr | -32.00 Cr | - | -32.13 Cr | -136.71 Cr | -103.13 Cr | -66.91 Cr |
| Capital Expenditure | -4.00 Cr | -10.00 Cr | -3.00 Cr | 1.00 Cr | 0 | -4.00 Cr | -2.00 Cr | - | -9.09 Cr | -6.90 Cr | -12.41 Cr | -12.49 Cr |
| Free Cash Flow | 63.00 Cr | 61.00 Cr | 60.00 Cr | 63.00 Cr | 81.00 Cr | 17.00 Cr | 74.00 Cr | - | 90.17 Cr | 100.11 Cr | 132.48 Cr | 144.76 Cr |
| Net Change in Cash | 7.00 Cr | -9.00 Cr | -17.00 Cr | 12.00 Cr | 5.00 Cr | -8.00 Cr | 12.00 Cr | - | -9.71 Cr | -2.21 Cr | 24.88 Cr | -19.85 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 52.4% | 48.0% | 49.2% | 50.4% |
| Operating Margin % | 18.6% | 26.7% | 27.9% | 34.6% | 32.6% | 26.8% | 23.6% | - | 33.3% | 31.4% | 32.5% | 31.3% |
| Net Margin % | 20.5% | 22.3% | 26.7% | 32.7% | 32.3% | 30.2% | 27.6% | - | 33.8% | 34.0% | 34.2% | 30.3% |
| ROE % | 15.4% | 16.0% | 16.2% | 15.4% | 16.5% | 13.8% | 10.9% | - | 14.2% | 15.5% | 16.1% | 15.4% |
| ROCE % | - | - | - | - | - | - | - | - | 13.8% | 13.5% | 14.5% | 15.1% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for ICRA
Low coal stocks may impact ability to meet power demand surge: ICRA - Business Standard
<a href="https://news.google.com/rss/articles/CBMizwFBVV95cUxOTE1MYnBBc1R5NXFXOTRqVkxVNTdYMTNuU1A2WTlHanl2cGJ6S09CZjR0MFNlRGpQUUtnSWlpMmRxM2RIdTdwMUNJdUt6OXVOcEY3alAwVDA3V1FiZ1dZcXVfaWowVEdsN2RUN2JJRmk5VzY0UEJkV0ZJaVo2OENGcnVFVmJ4Ykw1OTlFcT…
ICRA raises FY27 power demand growth forecast to 8.5% as consumption surges - ET EnergyWorld
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ICRA raises FY27 electricity demand growth forecast to 8.5% after 23.4% jump in early October - PSU Watch
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Reliance stock: ICRA assigns AAA rating to INR 500.0 billion loans - AD HOC NEWS
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Below the Quote On the monthly Power sector update by Ankit Jain, Vice President & Co Group Head - Corporate Ratings, ICRA Ltd - Investment Guru
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Nippon India MF buys additional 1.5% stake in ICRA, Goldman Sachs sells over Rs 55 crore worth shares in... - Moneycontrol.com
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ICRA — Frequently Asked Questions
What is the current share price of ICRA Limited (ICRA)?
As of 2026-10-23 04:58 IST, ICRA Limited (ICRA) trades at ₹4,484.70 on NSE. Its 52-week range is ₹4,232.00 to ₹6,596.10.
What is the market capitalisation of ICRA?
ICRA Limited (ICRA) has a market capitalisation of ₹4,318.23 Cr on NSE.
What is the P/E ratio of ICRA?
ICRA trades at a trailing price-to-earnings (P/E) ratio of 22.14. The industry average P/E is 15.36. Its price-to-book (P/B) ratio is 3.61.
Does ICRA pay a dividend?
ICRA Limited (ICRA) currently offers a dividend yield of 1.61%.
What is the return on equity (ROE) of ICRA?
ICRA has a return on equity (ROE) of 15.37%. Its return on capital employed (ROCE) is 20.52%.
Is ICRA a good stock to buy?
This page provides a data-driven analysis of ICRA Limited (ICRA), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.