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ICRA Limited

NSE: ICRA · Unclassified

₹4,431.40-1.57%06 Nov 2026

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Instant answers about ICRA Limited — computed from its filings, no language model
Market cap₹4,277 cr
Current price₹4,431.40
High / Low₹6,519 / ₹4,232
P/E21.4
P/B3.59
Book value₹1,233.3
ROE16.8%
ROCE23.4%
Debt / equity0.00
Dividend yield1.37%
EPS (TTM)₹206.81
Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin
showing latest 6 of 8 periods
FY18FY19FY20FY21FY23FY24FY25FY26
Revenue308.9328.1321.1301.1403.2446.1498.0599.5
EBITDA115.1113.495.881.1142.9148.8177.8215.0
Operating margin37.3%34.6%29.8%26.9%35.4%33.3%35.7%35.9%
Interest0.10.52.02.11.410.44.84.4
Depreciation7.55.610.39.99.813.516.428.3
Profit before tax156.8152.0131.5112.0181.2199.9234.0250.4
Tax55.647.534.229.344.547.662.867.9
Net profit101.2104.096.281.7136.7152.2170.0181.5
EPS ₹102.39106.6399.9884.89140.59157.07176.73188.63
Operating cash flow————99.3107.0144.9157.3
Capex————9.16.912.412.5
Dividend paid————27.9126.397.558.8
Total assets————1,100.81,187.81,294.21,486.1
Equity————950.3976.51,053.21,180.7

Quarterly performance

last 32 quarters · ₹ crore
showing latest 8 of 32 periods
MAR '18JUN '18SEP '18DEC '18MAR '19JUN '19SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21SEP '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
Revenue82.578.781.184.783.777.077.679.487.169.672.077.382.179.982.786.598.6109.1102.7104.8114.6124.0114.8126.1120.9136.2124.5136.6163.6174.8163.4177.9
Operating profit30.428.127.130.327.822.718.322.432.614.918.124.223.924.722.734.635.538.034.634.030.249.935.241.342.259.239.848.557.269.655.165.8
Operating margin36.9%35.8%33.5%35.8%33.2%29.5%23.6%28.3%37.5%21.4%25.2%31.4%29.1%30.9%27.4%40.0%36.0%34.9%33.7%32.5%26.4%40.2%30.6%32.7%34.9%43.4%31.9%35.5%35.0%39.8%33.7%37.0%
Other income17.210.311.911.011.611.712.111.712.511.210.511.49.810.710.69.013.215.917.816.417.223.717.920.118.920.624.420.915.614.227.617.4
Interest0.10.00.00.00.50.60.60.60.50.50.50.50.50.40.40.40.30.30.30.32.96.92.10.31.11.21.60.91.00.90.50.4
Depreciation2.01.21.41.41.62.32.72.62.72.32.52.62.61.81.81.92.42.72.32.83.84.53.74.04.24.54.14.210.010.010.510.8
Profit before tax45.537.137.739.937.331.427.230.941.923.325.632.630.533.131.141.346.050.949.747.340.762.147.257.055.874.158.464.454.972.876.172.0
Tax18.011.711.113.411.211.17.98.47.06.27.08.18.08.86.710.28.812.29.115.18.315.111.319.913.518.115.616.415.820.119.719.6
Net profit27.625.226.626.425.920.119.122.234.616.818.424.222.223.924.130.936.738.60.031.832.147.135.536.742.055.742.447.838.852.556.252.2
EPS ₹27.8225.5626.9727.2426.8620.9119.8523.0835.9517.4819.1825.1523.0824.9025.0132.1038.1939.8941.9033.0333.4248.7236.9238.1843.6957.9444.1149.6840.3454.5058.3654.20
Revenue YoY————1.4%-2.1%-4.2%-6.3%4.1%-9.6%-7.3%-2.5%-5.7%14.7%14.8%11.9%19.3%——6.3%—13.6%11.8%20.3%5.5%9.9%8.4%8.3%35.3%28.4%31.2%30.2%
Profit YoY————-6.2%-20.2%-28.2%-15.8%33.8%-16.4%-3.4%9.0%-35.8%42.4%30.4%27.7%52.7%——-13.5%—21.8%—15.6%30.7%18.4%19.5%30.2%-7.6%-5.9%32.3%9.1%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

ICRA Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods
FY09†FY10†FY11†FY12†FY13†FY14†FY15†FY16†FY17†
Revenue88.7106.2129.3139.4148.6162.9180.4195.4210.9
Operating profit50.654.358.357.958.867.173.277.481.6
Operating margin57.0%51.1%45.1%41.5%39.5%41.2%40.6%39.6%38.7%
Other income3.921.812.519.716.217.324.923.734.0
Depreciation1.82.02.01.92.12.53.73.53.2
Profit before tax52.774.168.875.772.981.976.194.1119.2
Tax16.524.123.924.812.523.225.732.636.0
Net profit36.150.044.950.960.458.750.461.583.3

Quarters

showing latest 8 of 42 periods
SEP '07†DEC '07†MAR '08†JUN '08†SEP '08†DEC '08†MAR '09†JUN '09†SEP '09†DEC '09†MAR '10†JUN '10†SEP '10†DEC '10†MAR '11†JUN '11†SEP '11†DEC '11†MAR '12†JUN '12†SEP '12†DEC '12†MAR '13†JUN '13†SEP '13†DEC '13†MAR '14†JUN '14†SEP '14†DEC '14†MAR '15†JUN '15†SEP '15†DEC '15†MAR '16†JUN '16†SEP '16†DEC '16†MAR '17†JUN '17†SEP '17†DEC '17†
Revenue16.015.017.416.422.421.128.920.924.727.033.527.133.530.138.523.835.337.043.327.736.138.546.332.138.642.549.636.743.946.253.543.148.850.153.447.052.553.358.151.155.557.0
Operating profit8.48.19.97.613.311.618.19.412.414.218.312.718.410.217.04.714.217.121.97.113.915.522.29.814.218.624.511.817.618.625.214.320.220.922.117.022.216.825.624.122.825.2
Operating margin52.4%53.8%56.8%46.4%59.5%55.0%62.6%45.0%50.1%52.4%54.6%47.0%54.9%33.7%44.2%19.7%40.1%46.2%50.7%25.6%38.5%40.3%48.0%30.4%36.8%43.8%49.4%32.0%40.1%40.3%47.1%33.1%41.4%41.6%41.4%36.2%42.4%31.4%44.0%47.2%41.1%44.3%
Other income1.91.92.43.30.9-0.40.010.65.03.72.63.52.44.52.12.71.46.09.74.31.10.710.19.33.90.53.612.47.21.63.77.78.13.84.113.76.67.76.011.315.08.8
Interest———————————————————————————————————————0.00.00.0
Depreciation0.40.50.50.50.50.50.20.40.50.50.50.50.50.50.50.50.50.50.50.40.50.60.60.60.60.70.60.61.10.91.00.80.80.91.10.70.80.80.90.60.70.7
Profit before tax9.99.511.810.413.710.717.919.516.917.320.315.820.314.118.66.915.122.631.111.014.515.731.818.517.618.427.423.616.919.416.318.027.223.825.130.028.130.430.834.837.233.3
Tax2.92.93.52.85.02.95.86.35.85.86.25.06.74.97.32.96.37.18.52.90.25.24.33.35.26.38.44.25.96.69.07.48.18.28.97.08.99.310.811.010.410.9
Net profit7.06.78.27.68.77.712.113.211.111.614.110.813.69.211.34.08.815.522.68.214.210.527.515.212.412.219.019.411.012.77.310.619.115.516.222.919.121.220.023.826.722.4
EPS ₹7.026.678.247.618.727.7412.0813.2011.1111.5814.1110.8313.619.2211.263.998.8015.5122.608.1514.2210.5227.5015.2012.3712.1719.0019.4011.2313.007.4410.7819.4515.8016.5123.3319.4421.5120.2924.3226.8423.04
Revenue YoY————39.3%40.5%65.7%27.3%10.6%28.1%16.0%29.5%35.6%11.7%15.0%-12.1%5.3%22.6%12.3%16.4%2.4%4.0%6.9%16.0%6.9%10.6%7.2%14.3%13.7%8.6%7.9%17.4%11.1%8.4%-0.3%9.0%7.6%6.4%8.8%8.8%5.7%6.9%
Profit YoY————24.2%16.0%46.6%73.5%27.4%49.6%16.8%-18.0%22.5%-20.4%-20.2%-63.2%-35.3%68.2%100.7%104.3%61.6%-32.2%21.6%86.5%-13.0%15.7%-30.9%27.6%-11.2%4.6%-61.6%-45.4%74.0%22.0%122.3%116.7%0.2%36.4%23.2%3.7%39.5%5.8%

Returns & margins

trailing-twelve-month, per quarter
showing latest 8 of 25 periods
DEC '18MAR '19JUN '19SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
ROE—————————————11.4%11.4%15.0%15.9%16.9%16.1%16.8%17.3%17.0%15.4%16.5%16.8%
ROCE—————————————21.4%21.5%21.4%22.9%24.3%22.6%23.7%23.6%23.5%21.6%23.0%23.4%
Net margin32.3%31.7%30.3%28.3%27.5%29.9%29.6%29.9%30.7%27.1%28.5%29.3%30.5%23.8%24.9%32.0%31.6%33.2%34.1%34.9%36.3%33.0%30.3%30.6%29.4%
EBITDA margin35.5%34.6%33.1%30.7%28.7%29.9%28.2%28.6%29.4%27.0%29.2%29.6%31.9%31.8%33.3%32.6%32.6%34.7%35.7%35.9%36.6%36.5%35.9%36.1%36.4%
Debt / equity—————————————0.000.000.000.000.000.000.000.000.000.000.000.00
Interest coverage1336.50293.38129.3980.9457.4057.9157.3157.8860.3255.3763.8171.3481.5150.5120.2017.1217.8722.1749.7458.0153.2954.1057.4183.78100.93
Asset turnover—————————————0.400.380.390.390.400.380.390.380.410.400.430.45

Balance sheet

equity vs borrowings over time · ₹ crore
showing latest 6 of 9 periods
SEP '22MAR '23SEP '23MAR '24SEP '24MAR '25SEP '25MAR '26SEP '26
Share capital9.79.79.79.79.79.79.79.79.7
Other equity / reserves863.9940.6887.8966.8944.61,043.61,077.71,171.11,180.6
Total equity873.5950.3897.5976.5954.21,053.21,087.31,180.71,190.3
Borrowings0.00.00.01.82.21.22.40.60.5
Current liabilities149.0131.7157.2152.1188.5177.1206.7244.3248.8
Non-current liabilities17.814.116.454.868.359.465.356.658.9
Total assets1,045.31,100.81,076.41,187.81,216.21,294.21,364.31,486.11,502.9
Property, plant & equipment27.427.538.940.541.640.437.645.941.3
Capital work-in-progress1.10.00.00.10.00.00.00.01.1
Investments506.1688.5699.1813.4707.6772.8911.3729.5771.5
Inventories0.00.00.00.00.00.00.00.00.0
Receivables47.538.056.653.060.547.667.178.4100.3
Cash & equivalents40.712.24.510.57.735.110.129.729.9

Cash flow

annual · ₹ crore · line = free cash flow
FY23FY24FY25FY26
Cash from operations99.3107.0144.9157.3
Cash from investing-76.827.5-16.9-95.5
Cash from financing-32.1-136.7-103.1-66.9
Capex9.16.912.412.5
Free cash flow90.2100.1132.5144.8
Dividends paid27.9126.397.558.8

Where the assets sit

Sep '26 · ₹ crore
Fixed assets (PPE)
₹41.3 cr3%
CWIP
₹1.1 cr0%
Investments
₹771.5 cr51%
Receivables
₹100.3 cr7%
Cash & equivalents
₹29.9 cr2%
Other assets
₹559.0 cr37%

Peer comparison

largest in Unclassified · this company in bold
CompanyMarket cap ₹crPriceP/EP/BROE
Avantel Limited36,86,04,549138.69—1059360.680.0%
Ducol Organics And Colours Limited19,55,275120.00—20089.130.0%
Jio Platforms Limited12,57,1811,406.40—3.57—
SBI Funds Management Limited1,01,750499.55———
Tamilnadu Telecommunication Limited91,3149.93———
Manipal Health Enterprises Limited76,294646.70———
INDO-MIM Limited59,0421,219.50———
AvenuesAI Limited45,138129.25153.69.516.2%
Dhoot Transmission Limited32,7611,601.60—8.11—
3M India Limited31,07127,570.0053.817.5732.7%
ICRA Limited4,2774,431.4021.43.5916.8%

StoxGud checklist: Neutral setup · 5/10

  • Price above 50-day average
  • Price above 200-day average
  • 50-day average above 200-day (uptrend)
  • RSI in healthy 40–70 zone
  • Positive 1-year return
  • Return on equity above 15%
  • Debt to equity below 1
  • Revenue growing year on year
  • Net profit margin above 10%
  • P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+2.0%
6 months-18.1%
1 year-32.1%
3Y CAGR-6.1%
5Y CAGR+4.7%
10Y CAGR+0.8%
50-day avg₹4,556.11
200-day avg₹5,172.82
RSI (14)44

FAQs

What is the share price of ICRA Limited?

ICRA Limited (ICRA) closed at ₹4,431.40 on NSE on 06 Nov 2026.

What is the market cap of ICRA Limited?

₹4,277 crore at the latest close.

What is the P/E ratio of ICRA Limited?

21.4, on trailing-twelve-month earnings from its filings.

How fast is ICRA Limited growing?

ICRA Limited: revenue has compounded at 14.1% a year over three years; net profit at 9.9% a year. Latest-quarter revenue is up 30.2% year on year, profit up 9.1%.

How profitable is ICRA Limited?

On a trailing-twelve-month basis return on equity is 16.8%, return on capital employed 23.4%, operating margin 36.4%, net margin 29.4%.

How much debt does ICRA Limited have?

ICRA Limited is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹30 cr (balance sheet of 2026-09-30). Operating profit covers interest 100.9 times.

Financials parsed from ICRA Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.