1. India Stocks

  2. •

    Commercial services

  3. •

    Financial publishing/Services
ICRA Limited

ICRA Limited

4,480.80
INR
-3.90
(-0.09%)
198.16EPS
26.57P/E
50.45BMarket Cap
Oct 29Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
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
650.85
Basic EPS, GAAP
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
197.31
Free Cash Flow per Basic Share
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
- -
Dividend per Share
22
23.46
24.41
24.97
27.15
30.46
30.21
27.33
27.5
29
131.35
101.31
61.07
- -
Book Value per Share
387.94
428.78
541.39
553.46
661.42
664.03
726.97
787.72
877
987.89
1,015.14
1,094.77
1,226.91
- -
Tangible Book Value per Share
340.66
381.6
492.4
548.83
659.34
661
722.81
781.52
868.89
979.03
961.47
1,039.98
947.27
- -
Basic Weighted Avg Shares
10
10
10
10
10
10
10
10
10
10
10
10
10
10
Sales/Revenue/Turnover
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
6,263
Operating Margin (%)
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
29.86
Depreciation Expense
60
97
96
85
75
56
103
95
78
98
135
164
283
346
Net Income, GAAP
689
654
762
886
1,007
1,054
962
817
1,123
1,352
1,511
1,700
1,815
1,899
Effective Tax Rate (%)
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
27.16
Profit Margin (%)
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
30.32
Working Capital
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
- -
LT Debt
158
96
- -
- -
- -
- -
173
137
112
100
86
82
105
- -
Total Equity
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
- -
Return on Invested Capital (%)
15.21
13.34
11.48
11.72
12.46
11.67
9.28
7.15
10.3
11.04
10.94
11.49
11.75
- -
Return on Capital (%)
18.57
15.78
15.57
16.19
16.63
16.15
14.13
10.93
13.69
14.74
16.1
16.69
16.16
- -
Return on Common Equity (%)
18.96
16.03
15.72
16.25
16.73
16.27
14.33
11.19
14.02
15.08
15.68
16.75
16.25
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
79
- -
LT Borrowings
- -
4
- -
LT Finance Leases
- -
101
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
10
Market Capitalization
58,450
48,147
50,447

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
9,287
- -
Cash, Cash Equivalents & STI
- -
8,068
- -
Accounts Receivable, Net
- -
803
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
2,443
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
79
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

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

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,148
1,261
1,209
1,362
4,970
2026
1,245
- -
1,636
1,749
5,982
2027
1,634
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
36.92
38.18
43.69
57.94
176.73
2026
44.11
- -
40.34
54.5
188.63
2027
58.36
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
101.31
2026
- -
- -
- -
- -
61.07
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ramnath Krishnan
Full Time Employees
1,212
Sector
Commercial services
Industry
Financial publishing/Services
Address
Building No. 8 Gurugram HA India 122002
IPO Date
Mar 20, 2007
Website
icra.in
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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.