ICRA LIMITED·RATING AGENCIES 43.67·Capital Markets Companies

Price

5,194

-0.57%
O:5264.5
H:5264.5
L:5170.5
C:5194

52W Range

4965.57130
+5%/-27%

Market Cap

₹5,012.85 Cr

Traded: ₹8.31 Cr (0.17%) 0.0x

Free Float: ₹754.94 Cr (1.10% of FF traded)

Volume · 60D trend

15.92 K 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:-1% 3M:-4% 6M:-6% 12M:-20%

Valuation

P/E27.6
P/B4.2
P/S8.3
EV/EBIT35.9

Business Strength

ROE16.8%
ROCE23.1%
OPM35.7%
NPM34.3%

Growth (3Y CAGR)

EPS+12.5%
Sales+13.0%
Profit+15.0%
3Y Return+5.0%

Balance Sheet

Debt/Equity0.0
Debt2.39 Cr
Pledge0.0%
CWIP/Fixed Asset0.0%

Cash Position

CFO/NP84.8%
FCF133 Cr
FCF 3Y Avg323 Cr
Cash/MCap4.0%

Others

Div Yield0.9%
Div Payout34.0%
Cash Conv. Cycle35 days
Tradeable Free Float15.1%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 15.70 Cr
2.08% FF
60d high
₹ 16.70 Cr
60d low
₹ 2.64 Cr
60d mean
₹ 6.13 Cr
vs mean
▲ 156.18%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
ROE
+15.0%
+15.0%
+16.0%
--
--
Stable
Sales
+4.0%
+9.0%
+13.0%
--
+15.0%
Accelerating
Profit
+12.0%
+12.0%
+15.0%
--
+17.0%
Accelerating
Return
+4.0%
+14.0%
+5.0%
-3.0%
--
Decelerating

Quarterly Results

Mar 2026

21 May
Rev
175 Cr
+29% YoY+7% QoQ
OPM40.0%
NPM30.3%
PAT
-6% YoY53 Cr
EPS
-6% YoY54.4

Dec 2025

28 Jan
Rev
164 Cr
+36% YoY+20% QoQ
OPM35.0%
NPM23.8%
PAT
+3% YoY39 Cr
EPS
-8% YoY40.2

Sep 2025

Rev
137 Cr
+9% YoY+10% QoQ
OPM36.0%
NPM35.0%
PAT
+30% YoY48 Cr
EPS
+30% YoY49.5

Jun 2025

Rev
124 Cr
+8% YoY-9% QoQ
OPM32.0%
NPM34.7%
PAT
+19% YoY43 Cr
EPS
+19% YoY44.0

Mar 2025

Rev
136 Cr
+10% YoY+12% QoQ
OPM43.0%
NPM41.2%
PAT
+19% YoY56 Cr
EPS
+19% YoY57.8

Dec 2024

Rev
121 Cr
+5% YoY-4% QoQ
OPM35.0%
NPM34.7%
PAT
+31% YoY42 Cr
EPS
+31% YoY43.5

Sep 2024

Rev
126 Cr
+20% YoY+10% QoQ
OPM33.0%
NPM29.4%
PAT
+16% YoY37 Cr
EPS
+16% YoY38.0

Jun 2024

Rev
115 Cr
+12% YoY-7% QoQ
OPM31.0%
NPM31.3%
PAT
-12% YoY36 Cr
EPS
-12% YoY36.8

Mar 2024

Rev
124 Cr
+14% YoY+8% QoQ
OPM40.0%
NPM37.9%
PAT
+22% YoY47 Cr
EPS
+22% YoY48.6

Dec 2023

Rev
115 Cr
+12% YoY+10% QoQ
OPM26.0%
NPM27.8%
PAT
-17% YoY32 Cr
EPS
-17% YoY33.3

Sep 2023

Rev
105 Cr
--+2% QoQ
OPM32.0%
NPM30.5%
PAT
-14% YoY32 Cr
EPS
--32.9

Jun 2023

Rev
103 Cr
---6% QoQ
OPM34.0%
NPM39.8%
PAT
+90% YoY41 Cr
EPS
--41.8

Mar 2023

Rev
109 Cr
--+6% QoQ
OPM35.0%
NPM35.8%
PAT
+15% YoY39 Cr
EPS
--39.8

Dec 2022

Rev
103 Cr
----
OPM35.0%
NPM37.9%
PAT
+26% YoY39 Cr
EPS
--40.3

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity0.01
Interest Coverage4.2x
Promoter Pledge0.0%
Borrowings12 Cr

Efficiency

Receivable Days35 days
Inventory Days days
Payable Days days
Cash Conversion cycle35 days

Cash Position

Operating Cash Flow145 Cr
Investing Cash Flow-17 Cr
Financing Cash Flow-103 Cr
Free Cash Flow133 Cr

Detailed Financials

Mar 2026
Dec 2025
Sep 2025
Jun 2025
Mar 2025
Dec 2024
Sep 2024
Jun 2024
Mar 2024
Dec 2023
Sep 2023
Jun 2023
Mar 2023
Dec 2022
Sales175164137124136121126115124115105103109103
Expenses105106888577798580748471687167
Operating Profit7057494059424135503034353836
OPM %40.0%35.0%36.0%32.0%43.0%35.0%33.0%31.0%40.0%26.0%32.0%34.0%35.0%35.0%
Other Income149212421192018241716181615
Interest11121102730000
Depreciation1010444444443233
Profit Before Tax7355645874565747624147505148
Tax %28.0%29.0%25.0%27.0%24.0%24.0%35.0%24.0%24.0%20.0%32.0%18.0%24.0%18.0%
Net Profit5339484356423736473232413939
Exceptional Items0-7000000000000
EPS (Rs)54.440.249.544.057.843.538.036.848.633.332.941.839.840.3
Sales Growth (YoY)28.7%35.5%8.7%7.8%9.7%5.2%20.0%11.7%13.8%11.7%--------
Sales Growth (QoQ)6.7%19.7%10.5%-8.8%12.4%-4.0%9.6%-7.3%7.8%9.5%1.9%-5.5%5.8%--
OP Growth (YoY)18.6%35.7%19.5%14.3%18.0%40.0%20.6%0.0%31.6%-16.7%--------
OP Growth (QoQ)22.8%16.3%22.5%-32.2%40.5%2.4%17.1%-30.0%66.7%-11.8%-2.9%-7.9%5.6%--
Profit Growth (YoY)-6.0%2.7%30.2%19.5%18.9%30.7%15.6%-11.9%22.1%-17.3%-13.5%89.7%14.8%25.9%
EPS Growth (YoY)-5.9%-7.7%30.2%19.5%18.9%30.7%15.6%-11.9%22.1%-17.3%--------
EPS Growth (QoQ)35.1%-18.8%12.7%-23.9%32.6%14.4%3.4%-24.2%45.8%1.2%-21.2%5.1%-1.3%--
OP Margin40.0%34.8%35.8%32.3%43.4%34.7%32.5%30.4%40.3%26.1%32.4%34.0%34.9%35.0%
Net Margin30.3%23.8%35.0%34.7%41.2%34.7%29.4%31.3%37.9%27.8%30.5%39.8%35.8%37.9%
Material Cost %----------------------------
Employee Cost %48.2%51.0%53.0%56.0%45.0%53.0%56.0%57.0%49.0%58.0%55.0%54.0%50.0%52.0%
P/S8.359.36------------------------
P/E27.6228.41------------------------
P/B4.244.82------------------------

Shareholding Pattern

Shareholders:21.9K (+27.2%)
Current MixDec 2025

Exchange Filings

50
Board Meeting08 Jul 2026

ICRA Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/07/2026 ,inter alia, to consider and approve unaudited financial results

Company Update04 Jul 2026

Newspaper publication

Others03 Jul 2026

Annual report 2025-26

Company Update03 Jul 2026

Intimation

AGM/EGM03 Jul 2026

AGM on July 30, 2026

Company Update01 Jul 2026

Deed of modification

Company Update30 Jun 2026

Newspaper publication

Company Update29 Jun 2026

Updates on acquisition

Insider Trading / SAST23 Jun 2026

Closure of trading window

Company Update23 Jun 2026

Notice for transfer of equity shares to the IEPF Authority

Company Update17 Jun 2026

Newspaper publication

Company Update12 Jun 2026

Intimation of Schedule of Analyst/Institutional Investor Meetings

Company Update05 Jun 2026

Intimation of Schedule of Analyst/Institutional Investor Meeting(s)

Company Update29 May 2026

Transcript

Company Update25 May 2026

Earnings call''s audio recording

Company Update25 May 2026

Annual secretarial compliance report

Company Update25 May 2026

Investor''s call

Company Update22 May 2026

Investor presentation

Company Update22 May 2026

Newspaper publication

Result21 May 2026

Audited financial results for the quarter and year ended March 31, 2026

Company Update21 May 2026

Press release

Company Update21 May 2026

Date of annual general meeting

Corp. Action21 May 2026

Record date

Result21 May 2026

Audited financial results for the quarter and year ended March 31, 2026

Corp. Action21 May 2026

Recommendation of dividend

Board Meeting21 May 2026

Outcome of the Board meeting held on May 21, 2026

Company Update20 May 2026

Allotment of ESOPs

Company Update19 May 2026

Update on a rectification order received from the Income Tax Department

Company Update18 May 2026

Earnings conference call to discuss 'Q4 & FY26 Results' of ICRA Limited is scheduled on Monday, May 25, 2026, at 4:30 pm (IST).

Company Update18 May 2026

Update on dividend from a wholly owned subsidiary

Board Meeting05 May 2026

ICRA Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/05/2026 ,inter alia, to consider and approve the audited financial results (standalone ....

Others21 Apr 2026

<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....

Company Update17 Apr 2026

Newspaper publication

Insider Trading / SAST10 Apr 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pari Washington India Master Fund Ltd

Insider Trading / SAST10 Apr 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon India Mutual Fund

Company Update09 Apr 2026

Disclosures under Regulations 29(2) of SEBI (SAST) Regulations, 2011

Company Update06 Apr 2026

Compliance certificate under regulation 74(5) of SEBI (DP) Regulations, 2018

Insider Trading / SAST02 Mar 2026

Closure of trading window

Company Update13 Feb 2026

Newspaper publication

Company Update12 Feb 2026

Intimation of Schedule of Analyst/Institutional Investor Meeting(s)/ Investor Conference

Company Update05 Feb 2026

Intimation of Schedule of Analyst/Institutional Investor Meeting(s)

Company Update29 Jan 2026

Newspaper publication

Result28 Jan 2026

Unaudited financial results for the third quarter and nine months ended December 31, 2025

Company Update28 Jan 2026

Press release on the unaudited financial results

Company Update28 Jan 2026

Intimation

Company Update28 Jan 2026

Investor presentation

Board Meeting28 Jan 2026

Outcome of the Board meeting held on January 28, 2026

Board Meeting09 Jan 2026

ICRA Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/01/2026 ,inter alia, to consider and approve the unaudited financial results (standalone ....

Company Update05 Jan 2026

Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018

Company Update01 Jan 2026

Newspaper publication

Annual Reports

14

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

Concalls

46

Jan 2026

31 Jan 2026

Nov 2025

30 Nov 2025

Oct 2025

31 Oct 2025

Jul 2025

31 Jul 2025

Jun 2025

30 Jun 2025

Feb 2025

28 Feb 2025

Nov 2024

30 Nov 2024

Nov 2024

30 Nov 2024

Jul 2024

31 Jul 2024

May 2024

31 May 2024

Jan 2024

31 Jan 2024

Oct 2023

31 Oct 2023

Aug 2023

31 Aug 2023

May 2023

31 May 2023

Feb 2023

28 Feb 2023

Oct 2022

31 Oct 2022

Aug 2022

31 Aug 2022

May 2022

31 May 2022

Jan 2022

31 Jan 2022

Oct 2021

31 Oct 2021

Jul 2021

31 Jul 2021

May 2021

31 May 2021

May 2021

31 May 2021

Feb 2021

28 Feb 2021

Nov 2020

30 Nov 2020

Aug 2020

31 Aug 2020

Jul 2020

31 Jul 2020

Feb 2020

29 Feb 2020

Oct 2019

31 Oct 2019

Aug 2019

31 Aug 2019

May 2019

31 May 2019

Jan 2019

31 Jan 2019

Nov 2018

30 Nov 2018

Aug 2018

31 Aug 2018

May 2018

31 May 2018

Feb 2018

28 Feb 2018

Nov 2017

30 Nov 2017

Aug 2017

31 Aug 2017

May 2017

31 May 2017

Feb 2017

28 Feb 2017

Nov 2016

30 Nov 2016

Aug 2016

31 Aug 2016

May 2016

31 May 2016

Feb 2016

29 Feb 2016

Nov 2015

30 Nov 2015

Aug 2015

31 Aug 2015

Held by Mutual Funds

3 schemes hold icra · sorted by weight

#SchemeWeight %
1

SBI Infrastructure Fund

SBI Mutual Fund

1.40%
2

JM Flexicap Fund

JM Financial Mutual Fund

0.95%
3

Nippon India Small Cap Fund

Nippon India Mutual Fund

0.58%