ICRA Limited ICRA NSEFINANCIAL
Company Overview
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.
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 30.3%.
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 +20.4%, earnings +6.8%.
- 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: | 20.36% |
Compounded Profit Growth
| 5 Years: | 10.31% |
| 1 Year: | 6.77% |
Stock Price Performance
| 1 Year: | -20.88% |
| 6 Months: | -16.19% |
| 3 Months: | -3.02% |
| 1 Month: | +2.90% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMABelow
- RSI (14)53.40 · Neutral
P/E of 28.16 is above the sector median of 19.81 — 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 30.3%.
- Compounding revenue at 14.3% 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.
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 | 5,303.50 | 28.16 | ₹5,118.53 Cr | 1.32% | 20.52% | 15.37% | 14.30% | 10.31% |
| 2 | HDFCBANK HDFC Bank Limited NIFTY50NSEAIFINANCIAL | 815.55 | 16.51 | ₹12.48 L Cr | 1.58% | - | 13.62% | 32.50% | 20.39% |
| 3 | ICICIBANK ICICI Bank Limited NIFTY50NSEAIFINANCIAL | 1,423.10 | 19.03 | ₹10.19 L Cr | 0.86% | - | 14.93% | 19.65% | 16.78% |
| 4 | SBIN State Bank of India NIFTY50NSEAIFINANCIALPSU | 1,031.00 | 11.31 | ₹9.52 L Cr | 1.67% | - | 13.97% | 12.19% | 14.39% |
| 5 | BAJFINANCE Bajaj Finance Limited NIFTY50NSEAIFINANCIAL | 1,032.90 | 33.85 | ₹6.43 L Cr | 0.53% | - | 16.68% | 22.58% | 18.23% |
| 6 | LICI Life Insurance Corporation of India NIFTY_MIDNSEFINANCIALPSU | 443.80 | 9.77 | ₹5.61 L Cr | 2.26% | - | 32.53% | 7.26% | 16.86% |
| 7 | AXISBANK Axis Bank Limited NIFTY50NSEAIFINANCIAL | 1,340.20 | 15.86 | ₹4.17 L Cr | 0.08% | - | 12.27% | 12.16% | 34.61% |
| 8 | KOTAKBANK Kotak Mahindra Bank Limited NIFTY50NSEAIFINANCIAL | 381.30 | 19.66 | ₹3.79 L Cr | 0.17% | - | 10.64% | 13.48% | 8.92% |
| 9 | BAJAJFINSV Bajaj Finserv Ltd. NIFTY50NSEAIFINANCIAL | 1,887.10 | 34.31 | ₹3.02 L Cr | 0.07% | - | 12.58% | 22.92% | 15.16% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Cost of Revenue | - | - | - | - | - | - | - | 64.63 Cr | 61.14 Cr | 69.71 Cr | - | 83.64 Cr | 84.27 Cr |
| Gross Profit | - | - | - | - | - | - | - | 56.24 Cr | 75.08 Cr | 54.77 Cr | - | 79.95 Cr | 90.58 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
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
ICRA: FY26 saw robust revenue growth, a special dividend, and Fintellix acquisition impact - TradingView
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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 Limited schedules AGM for July 30, 2026 - scanx.trade
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ICRA reaffirms ratings of Rajratan Global Wire at 'A+' with 'stable' outlook - Business Standard
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Sugar export ban to help maintain domestic supplies as stocks tighten: ICRA - ChiniMandi
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What Is ICRA? Why Its Credit Ratings Matter To Investors - Upstox
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ICRA — Frequently Asked Questions
What is the current share price of ICRA Limited (ICRA)?
As of 2026-07-15 09:52 IST, ICRA Limited (ICRA) trades at ₹5,303.50 on NSE. Its 52-week range is ₹5,003.00 to ₹6,942.08.
What is the market capitalisation of ICRA?
ICRA Limited (ICRA) has a market capitalisation of ₹5,118.53 Cr on NSE.
What is the P/E ratio of ICRA?
ICRA trades at a trailing price-to-earnings (P/E) ratio of 28.16. The industry average P/E is 19.81. Its price-to-book (P/B) ratio is 4.31.
Does ICRA pay a dividend?
ICRA Limited (ICRA) currently offers a dividend yield of 1.32%.
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.