1. India Stocks

  2. •

    Financial Services

  3. •

    Financial - Data & Stock Exchanges
ICRA Limited

ICRA Limited

ICRA.NS
ICRA LimitedIN flagNational Stock Exchange of India
5,223.50
INR
-67.00
- -
50.27BMarket Cap
ICRA Limited
ICRA.NS
(National Stock Exchange of India)

Recent

price

5,223.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
193.03
207.46
251.41
282.16
327.36
345.63
336.54
309.71
328.76
326.31
310.27
353.39
416.45
461.81
516.63
621.67
527.76
Revenue per Share
48.08
54.01
59.16
68.93
66.77
77.56
89.95
102.39
108.03
99.98
84.89
116.74
140.59
157.07
176.73
188.63
183.92
Basic EPS, GAAP
43
35.1
18.65
62.45
63.52
61.87
58.93
59.21
78.03
17.94
75.75
95.06
93.74
104.08
137.71
150.44
- -
Free Cash Flow per Basic Share
19.85
20.21
23.24
22
23.46
24.41
24.97
27.15
30.46
30.21
27.33
27.5
29
131.35
101.31
61.07
- -
Dividend per Share
257.75
122.33
149.71
185.85
221.1
332.94
390.97
462.38
539.53
611.06
669.38
759.11
871.7
898.67
975.29
1,103.56
- -
Book Value per Share
255.06
289.27
298.63
341.14
389.94
501.72
553.83
665.27
655.59
727.9
784.94
873.17
983.86
966.14
1,044.64
951.94
- -
Tangible Book Value per Share
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
Basic Weighted Avg Shares
1,930
2,075
2,514
2,822
3,209
3,398
3,314
3,046
3,208
3,139
2,985
3,399
4,006
4,442
4,970
5,982
5,077
Sales/Revenue/Turnover
31.78
28.29
24.17
28.58
30.74
29.48
31.08
36.8
34.77
27.83
24.41
33.21
33.29
31.44
32.51
31.32
32.61
Operating Margin (%)
120
47
48
60
97
96
85
75
56
103
95
78
98
135
164
283
168
Depreciation Expense
481
540
592
689
654
762
886
1,007
1,054
962
817
1,123
1,352
1,511
1,700
1,815
1,769
Net Income, GAAP
35
31.97
18.37
29.6
34.7
33.92
31.6
35.47
30.32
26.04
26.18
25.35
24.55
23.83
26.83
27.12
27.36
Effective Tax Rate (%)
24.91
26.03
23.53
24.43
20.4
22.44
26.73
33.06
32.86
30.64
27.36
33.03
33.76
34.01
34.21
30.34
34.85
Profit Margin (%)
252
623
706
2,178
1,717
2,182
3,391
2,949
4,451
6,051
3,789
3,205
4,337
5,046
9,524
6,843
- -
Working Capital
- -
- -
- -
158
96
- -
- -
- -
- -
173
137
112
100
86
82
105
- -
LT Debt
2,571
3,015
3,438
3,884
4,294
5,422
5,499
6,564
6,426
7,042
7,610
8,477
9,549
9,810
10,577
11,851
- -
Total Equity
16.66
14.34
15.53
15.38
15.41
13.55
13.01
12.12
12.06
9.47
7.17
10.31
11.04
10.9
11.49
11.96
- -
Return on Invested Capital (%)
20.04
28.5
43.04
38.94
30.96
27.51
24.76
23.82
21.32
16.96
12.88
15.89
16.8
18.17
18.76
18.01
560.05
Return on Capital (%)
20.03
28.42
43.49
41.08
32.51
28.03
24.87
23.98
21.48
17.26
13.26
16.34
17.24
17.74
18.86
18.15
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
49
- -
LT Borrowings
- -
6
- -
LT Finance Leases
- -
76
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
10
- -
Market Capitalization
61,430
52,957
65,117

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
11,301
- -
Cash, Cash Equivalents & STI
- -
10,510
- -
Accounts Receivable, Net
- -
503
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
1,777
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
49
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.3%
9.33%
12.05%
Free Cash Flow
34.81%
15.34%
9.27%
Net Income, GAAP
9.96%
17.79%
6.77%
Sales/Revenue/Turnover
6.26%
14.98%
20.36%
Total Cash Common Dividend
30.71%
59.3%
-39.7%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,027
1,049
1,146
1,221
4,442
2025
1,148
1,261
1,209
1,362
4,970
2026
1,245
1,636
1,749
- -
5,982

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
41.9
33.03
33.42
- -
157.07
2025
36.92
38.18
43.69
57.94
176.73
2026
44.11
40.34
54.5
- -
188.63

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
131.35
2025
- -
- -
- -
- -
101.31
2026
- -
- -
- -
- -
61.07
Similar Companies
Public Joint-Stock Company SPB Exchange (SPBE.ME)
Smartbroker Holding AG (SB1.DE)
S&P Global Inc. (SPGI)
Moody's Corporation (MCO)
Dubai Financial Market P.J.S.C. (DFM.AE)
ASX Limited (ASXFF)
Business
ICRA Limited ICRA Limited (ICRA.NS) operates as an independent credit rating agency in India, providing forward-looking credit opinions on debt instruments, issuers, and structured products across various sectors including manufacturing, banking, infrastructure, and financial services; it offers specialized ratings such as portfolio ratings for investors, corporate governance ratings, SME ratings, and ESG ratings through its licensed ESG ratings provider subsidiary. Through its wholly-owned subsidiaries, including ICRA Analytics Limited, the company delivers analytics, digital platforms, and solutions for risk management such as internal rating models, expected credit loss (ECL) computation tools compliant with IFRS 9/Ind AS 109, early warning signals, and bond pricing; market data services encompassing mutual fund research via MFI360 Explorer, treasury trackers, fixed income valuations, and portfolio analytics; knowledge services covering custom research across 65+ sectors, credit perspective reports on over 1,500 entities, and ESG data/analytics via EQ360 for 1,000 listed Indian companies; as well as fixed income solutions backed by 14+ years of debt security valuation expertise. ICRA maintains geographic operations primarily in India with subsidiaries extending services to Nepal via ICRA Nepal Limited, Sri Lanka via ICRA Lanka Limited, and international partnerships for analytics distribution; the company, founded in 1991 and headquartered in Gurugram, Haryana, India, is a public limited entity listed on the BSE and NSE, with Moody's Corporation as its indirect majority shareholder holding approximately 52%. Recent developments include ICRA Analytics entering a definitive agreement to acquire a majority stake in D2K Technologies India Private Limited, enhancing digital transformation capabilities for banks and NBFCs; strategic collaborations such as with FTSE Russell for fixed-income indices, Bloomberg for bond valuation data access, FactSet for security-level valuations, and Bitsight for cyber risk management solutions; alongside an investment of INR 5.5 crore in preference shares of D2K Technologies as a step-down subsidiary, bolstering its risk analytics and regulatory compliance offerings.