ICRA LIMITED·RATING AGENCIES 58.67·Capital Markets Companies

Price

4,480.8

-0.09%
O:4451
H:4492.9
L:4405.1
C:4480.8

52W Range

4198.26620
+7%/-32%

Market Cap

₹4,324.52 Cr

Traded: ₹5.95 Cr (0.14%) 0.0x

Free Float: ₹722.20 Cr (0.82% of FF traded)

Volume · 60D trend

13.33 K 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:+4% 3M:-8% 6M:-14% 12M:-25%

RS Score

SEEM
NOUS
BNF
SMA Score

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Valuation

P/E22.1
P/B3.7
P/S6.8
EV/EBIT30.4

Business Strength

ROE16.8%
ROCE23.1%
OPM35.8%
NPM30.5%

Growth (3Y CAGR)

EPS+6.8%
Sales+14.0%
Profit+11.0%
3Y Return-4.0%

Balance Sheet

Debt/Equity0.0
Debt0.62 Cr
Pledge0.0%
CWIP/Fixed Asset0.6%

Cash Position

CFO/NP85.8%
FCF145 Cr
FCF 3Y Avg378 Cr
Cash/MCap3.0%

Others

Div Yield0.9%
Div Payout56.0%
Cash Conv. Cycle48 days
Tradeable Free Float16.7%
ICRA4,480.8 -0.09% NSEBSE20% 29 Oct
NOUS
BNF
MCap4.3K Cr
Vol13.33 K
RVol
Del%
TVal5.95 Cr
RS
SEEM

MTF Exposure Trend

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

Current
₹ 38.97 Cr
5.40% FF
60d high
₹ 47.54 Cr
60d low
₹ 38.77 Cr
60d mean
₹ 42.34 Cr
vs mean
▼ 7.96%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
Sales
+6.0%
+15.0%
+14.0%
--
+26.0%
Stable
ROE
+15.0%
+16.0%
+16.0%
--
--
Stable
Return
+3.0%
+6.0%
-4.0%
-25.0%
--
Decelerating
Profit
+10.0%
+18.0%
+11.0%
--
+11.0%
Stable

Quarterly Results

Jun 2026

30 Jul
Rev
▼163 Cr
+31% YoY-7% QoQ
OPM34.0%
NPM34.4%
PAT
--▲56 Cr
EPS
+32% YoY▲58.2

Mar 2026

21 May
Rev
▲175 Cr
+29% YoY+7% QoQ
OPM40.0%
NPM30.3%
PAT
-6% YoY▲53 Cr
EPS
-6% YoY▲54.4

Dec 2025

28 Jan
Rev
▲164 Cr
+36% YoY+20% QoQ
OPM35.0%
NPM23.8%
PAT
+3% YoY▼39 Cr
EPS
-8% YoY▼40.2

Sep 2025

PDF
Rev
▲137 Cr
+9% YoY+10% QoQ
OPM36.0%
NPM35.0%
PAT
+30% YoY▲48 Cr
EPS
+30% YoY▲49.5

Jun 2025

PDF
Rev
▼124 Cr
+8% YoY-9% QoQ
OPM32.0%
NPM34.7%
PAT
+19% YoY▼43 Cr
EPS
+19% YoY▼44.0

Mar 2025

PDF
Rev
▲136 Cr
+10% YoY+12% QoQ
OPM43.0%
NPM41.2%
PAT
+19% YoY▲56 Cr
EPS
+19% YoY▲57.8

Dec 2024

PDF
Rev
▼121 Cr
+5% YoY-4% QoQ
OPM35.0%
NPM34.7%
PAT
+31% YoY▲42 Cr
EPS
+31% YoY▲43.5

Sep 2024

PDF
Rev
▲126 Cr
+20% YoY+10% QoQ
OPM33.0%
NPM29.4%
PAT
+16% YoY▲37 Cr
EPS
+16% YoY▲38.0

Jun 2024

PDF
Rev
▼115 Cr
+12% YoY-7% QoQ
OPM31.0%
NPM31.3%
PAT
-12% YoY▼36 Cr
EPS
-12% YoY▼36.8

Mar 2024

PDF
Rev
▲124 Cr
+14% YoY+8% QoQ
OPM40.0%
NPM37.9%
PAT
+22% YoY▲47 Cr
EPS
+22% YoY▲48.6

Dec 2023

PDF
Rev
▲115 Cr
+12% YoY+10% QoQ
OPM26.0%
NPM27.8%
PAT
-17% YoY32 Cr
EPS
-17% YoY▲33.3

Sep 2023

PDF
Rev
▲105 Cr
--+2% QoQ
OPM32.0%
NPM30.5%
PAT
-14% YoY▼32 Cr
EPS
--▼32.9

Jun 2023

PDF
Rev
▼103 Cr
---6% QoQ
OPM34.0%
NPM39.8%
PAT
+90% YoY▲41 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 / Equity0.02
Interest Coverage7.0x
Promoter Pledge0.0%
Borrowings18 Cr

Efficiency

Receivable Days48 days
Inventory Days days
Payable Days days
Cash Conversion cycle48 days

Cash Position

Operating Cash Flow157 Cr
Investing Cash Flow-95 Cr
Financing Cash Flow-67 Cr
Free Cash Flow145 Cr

Detailed Financials

Jun 2026PDF ↗
Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025PDF ↗
Mar 2025PDF ↗
Dec 2024PDF ↗
Sep 2024PDF ↗
Jun 2024PDF ↗
Mar 2024PDF ↗
Dec 2023PDF ↗
Sep 2023PDF ↗
Jun 2023PDF ↗
Mar 2023
Dec 2022
Sales163175164137124136121126115124115105103109103
Expenses108105106888577798580748471687167
Operating Profit557057494059424135503034353836
Other Income32149212421192018241716181615
Interest011121102730000
Depreciation111010444444443233
Profit Before Tax767355645874565747624147505148
Tax %26.0%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 Profit565339484356423736473232413939
Exceptional Items40-7000000000000
EPS (Rs)58.254.440.249.544.057.843.538.036.848.633.332.941.839.840.3
Sales Growth (YoY)31.4%28.7%35.5%8.7%7.8%9.7%5.2%20.0%11.7%13.8%11.7%--------
Sales Growth (QoQ)-6.9%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)37.5%18.6%35.7%19.5%14.3%18.0%40.0%20.6%0.0%31.6%-16.7%--------
OP Growth (QoQ)-21.4%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%3.0%30.0%19.0%19.0%31.0%16.0%-12.0%22.0%-17.0%-14.0%90.0%15.0%25.9%
EPS Growth (YoY)32.3%-5.9%-7.7%30.2%19.5%18.9%30.7%15.6%-11.9%22.1%-17.3%--------
EPS Growth (QoQ)7.1%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 Margin33.7%40.0%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 Margin34.4%30.3%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 %53.0%48.0%51.0%53.0%56.0%45.0%53.0%56.0%57.0%49.0%58.0%55.0%54.0%50.4%52.0%
P/S6.777.689.40------------------------
P/E22.1525.3928.52------------------------
P/B3.663.904.84------------------------

Shareholding Pattern

Shareholders:23.8K (+38.0%)
Current MixJun 2026

Exchange Filings

50
Company Update19 Oct 2026

Intimation regarding newspapers publication

Board Meeting09 Oct 2026

ICRA Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/10/2026 ,inter alia, to consider and approve the unaudited financial results (standalone ....

Company Update08 Oct 2026

Disclosure under regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Company Update07 Oct 2026

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

Insider Trading / SAST23 Sept 2026

Closure of trading window

Company Update17 Sept 2026

Intimation of Schedule of Analyst/Institutional Investor Meeting

Company Update16 Sept 2026

Intimation of Schedule of Analyst/Institutional Investor Meeting

Company Update27 Aug 2026

Intimation of Schedule of Analyst/Institutional Investor Meetings

Company Update21 Aug 2026

Intimation of Schedule of Analyst/Institutional Investor Meetings

Company Update20 Aug 2026

Notice to the shareholders regarding a special window for transfer and dematerialisation of physical securities

Company Update07 Aug 2026

Intimation of schedule of investor meetings

AGM/EGM30 Jul 2026

Voting results and scrutinizer''s report

AGM/EGM30 Jul 2026

Proceedings of the 35th Annual General Meeting of ICRA Limited held on July 30, 2026

Result30 Jul 2026

Unaudited financial results

Company Update11 Jul 2026

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

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

AGM/EGM03 Jul 2026

AGM on July 30, 2026

Company Update03 Jul 2026

Intimation

Others03 Jul 2026

Annual report 2025-26

Company Update01 Jul 2026

Deed of modification

Company Update30 Jun 2026

Newspaper publication

Company Update29 Jun 2026

Updates on acquisition

Company Update23 Jun 2026

Notice for transfer of equity shares to the IEPF Authority

Insider Trading / SAST23 Jun 2026

Closure of trading window

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

Investor''s call

Company Update25 May 2026

Annual secretarial compliance report

Company Update25 May 2026

Earnings call''s audio recording

Company Update22 May 2026

Newspaper publication

Company Update22 May 2026

Investor presentation

Board Meeting21 May 2026

Outcome of the Board meeting held on May 21, 2026

Corp. Action21 May 2026

Recommendation of dividend

Result21 May 2026

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

Corp. Action21 May 2026

Record date

Company Update21 May 2026

Date of annual general meeting

Company Update21 May 2026

Press release

Result21 May 2026

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

Update on dividend from a wholly owned subsidiary

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).

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 Nippon India Mutual Fund

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

Annual Reports

15

2026

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

9 schemes hold icra · sorted by weight

#SchemeWeight %
1

SBI Infrastructure Fund

SBI Mutual Fund

1.40%
2

Canara Robeco Small Cap Fund

Canara Robeco Mutual Fund

0.82%
3

ICICI Prudential Children's Fund

ICICI Prudential Mutual Fund

0.65%
4

Canara Robeco Multi Cap Fund

Canara Robeco Mutual Fund

0.52%
5

Nippon India Small Cap Fund

Nippon India Mutual Fund

0.48%
6

ICICI Prudential Smallcap Fund

ICICI Prudential Mutual Fund

0.45%
7

JM Flexi Cap Fund

JM Financial Mutual Fund

0.42%
8

JM Small Cap Fund

JM Financial Mutual Fund

0.38%
9

Motilal Oswal BSE 1000 Index Fund

Motilal Oswal Mutual Fund

0.01%