ICRA

how big is ICRA?

As of Jun 06, ICRA Ltd has a market capitalization of 6,327.83 Cr, with net sales of 498.02 Cr and net profit of 170.01 Cr over the latest four quarters. Shareholder's funds are reported at 976.49 Cr, and total assets are 1,185.20 Cr as of Mar 24.

As of Jun 06, ICRA Ltd has a market capitalization of 6,327.83 Cr and is classified as a Mid Cap company.<BR><BR>As of Jun 06, the sum of Net Sales for the latest 4 quarters is 498.02 Cr, while the sum of Net Profit for the same period is 170.01 Cr. This data is presented on a Consolidated basis.<BR><BR>As of Mar 24, the Balance Sheet data is also on a Consolidated basis, with Shareholder's Funds reported at 976.49 Cr and Total Assets at 1,185.20 Cr.

When is the next results date for ICRA?

No Upcoming Board Meetings

Has ICRA declared dividend?

ICRA Ltd has declared a 1000% dividend, amounting to ₹100 per share, with an ex-date of July 19, 2024. The company has shown strong total returns over various periods, particularly a total return of 156.62% over the past five years.

ICRA Ltd has declared a 1000% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 1000%<BR>- Amount per share: 100 per share<BR>- Ex-date: 19 Jul 24<BR><BR>Dividend Yield: 1.54%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, ICRA experienced a price return of -2.73%, with no dividend return, resulting in a total return of -2.73%.<BR><BR>Over the past year, the company achieved a price return of 19.35% and a dividend return of 1.78%, leading to a total return of 21.13%.<BR><BR>In the two-year period, ICRA saw a price return of 34.15% and a dividend return of 2.83%, culminating in a total return of 36.98%.<BR><BR>For the three-year period, the price return was 69.07% with a dividend return of 4.52%, resulting in a total return of 73.59%.<BR><BR>Over four years, ICRA had a price return of 105.31% and a dividend return of 6.02%, achieving a total return of 111.33%.<BR><BR>In the five-year period, the company recorded a price return of 147.73% and a dividend return of 8.89%, leading to a total return of 156.62%.<BR><BR>Overall, ICRA has declared a significant dividend, and the total returns over various periods indicate a strong performance, particularly over the longer term, reflecting both price appreciation and dividend contributions.

Who are the peers of the ICRA?

ICRA's peers include HDFC AMC, Motil.Oswal.Fin., Nippon Life Ind., 360 ONE, CARE Ratings, Share India Sec., Monarch Networth, Geojit Fin. Ser., and Indo Thai Sec. In terms of performance, Share India Sec. leads with a 1-year return of 181.70%, while ICRA has a return of 21.01%.

Peers: The peers of ICRA are HDFC AMC, Motil.Oswal.Fin., Nippon Life Ind., 360 ONE, CARE Ratings, Share India Sec., Monarch Networth, Geojit Fin. Ser., and Indo Thai Sec.<BR><BR>Quality Snapshot: Excellent management risk is observed at HDFC AMC, Nippon Life Ind., and 360 ONE, while Good management risk is found at ICRA and CARE Ratings. Average management risk is present at Share India Sec., Monarch Networth, Geojit Fin. Ser., and Indo Thai Sec. For Growth, Excellent growth is seen at Share India Sec. and Monarch Networth, while Good growth is noted at Motil.Oswal.Fin. and Geojit Fin. Ser. ICRA and CARE Ratings exhibit Below Average growth, and the rest have Average growth. In terms of Capital Structure, Excellent capital structure is held by HDFC AMC, Nippon Life Ind., 360 ONE, ICRA, CARE Ratings, Share India Sec., Monarch Networth, Geojit Fin. Ser., and Indo Thai Sec.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Share India Sec. at 181.70%, while the lowest is Geojit Fin. Ser. at -1.74%. ICRA's 1-year return of 21.01% is higher than Geojit Fin. Ser. but lower than Share India Sec. Additionally, the peers with negative six-month returns include 360 ONE, Monarch Networth, and Geojit Fin. Ser.

Is ICRA overvalued or undervalued?

As of August 24, 2020, ICRA is considered very expensive and overvalued based on its high financial ratios, despite strong performance and a high ROCE, making it potentially imprudent to invest at this time.

As of 24 August 2020, ICRA's valuation grade has moved from expensive to very expensive, indicating a significant shift in its perceived value. The company is currently overvalued based on its key financial ratios, including a PE ratio of 37.22, an EV to EBITDA ratio of 29.75, and a PEG ratio of 2.97. These metrics suggest that the stock is trading at a premium compared to its earnings and growth potential.<BR><BR>In comparison to its peers, ICRA's valuation appears elevated, with CRISIL showing a PE ratio of 55.38 and CARE Ratings at 38.63, both also categorized as very expensive. Despite ICRA's impressive ROCE of 1209.60%, the overall valuation suggests that it may not be a prudent investment at this time. Additionally, while ICRA has outperformed the Sensex over the past year with a return of 22.02% compared to the Sensex's 7.62%, the current valuation still points towards overvaluation in the context of its financial metrics.

Who are in the management team of ICRA?

As of March 2023, the management team of ICRA includes Ramnath Krishnan as Managing Director & Group CEO, along with Chairman Arun Duggal, several independent directors, and other key executives.

As of March 2023, the management team of ICRA includes the following individuals:<BR><BR>1. Dhruba Narayan Ghosh - Chairman Emeritus<BR>2. Arun Duggal - Chairman & Independent Director<BR>3. Ranjana Agarwal - Independent Director<BR>4. S Shakeb Rahman - Company Secretary & Compliance Officer<BR>5. Radhika Haribhakti - Independent Director<BR>6. Michael Foley - Director<BR>7. Wendy H H Cheong - Director<BR>8. Stephen Arthur Long - Director<BR>9. Shivani Priya Mohini Kak - Director<BR>10. Ramnath Krishnan - Managing Director & Group CEO<BR><BR>As of March 2023, the management team of ICRA is composed of a mix of directors and executives, with Ramnath Krishnan serving as the Managing Director and Group CEO.

What does ICRA do?

ICRA Ltd is an independent credit rating agency in the Capital Markets industry, reporting net sales of 1,362 Cr and a net profit of 557 Cr for March 2025, with a market cap of INR 6,836 Cr. Key metrics include a P/E of 40.00, a dividend yield of 1.43%, and a return on equity of 16.14%.

Overview:<BR>ICRA Ltd is an independent investment information and credit rating agency operating in the Capital Markets industry, categorized as a Mid Cap company.<BR><BR>History:<BR>ICRA Ltd was established as a professional agency in collaboration with leading financial institutions. The latest quarterly results reported are for March 2025, showing net sales and profit figures.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 1,362 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 557 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: INR 6,836 Cr (Mid Cap)<BR><BR>Key Metrics:<BR>P/E: 40.00 <BR>Industry P/E: 55 <BR>Dividend Yield: 1.43% <BR>Debt Equity: -0.99 <BR>Return on Equity: 16.14% <BR>Price to Book: 6.41 <BR><BR>Contact Details:<BR>Address: B-710 Statesman House, 148 Barakhamba Road, New Delhi, 110001 <BR>Email: investors@icraindia.com / info@icrain <BR>Website: http://www.icra.in

Who are the top shareholders of the ICRA?

The top shareholders of ICRA include Moody's Investment Company India Private Limited with 31.66%, mutual funds with 17.33%, foreign institutional investors at 8.78%, and Pari Washington India Master Fund, Ltd. with 6.95%. Individual investors collectively hold 10.93% of the shares.

The top shareholders of ICRA include several key players. The largest shareholder is Moody's Investment Company India Private Limited, which holds 31.66% of the shares. Following that, the company has mutual funds holding a combined 17.33% across 10 schemes, and foreign institutional investors (FIIs) own 8.78% through 63 different entities. The highest public shareholder is Pari Washington India Master Fund, Ltd., with a 6.95% stake. Additionally, individual investors collectively hold 10.93% of the shares.

How has been the historical performance of ICRA?

ICRA has shown consistent financial growth, with net sales increasing from 301.06 Cr in Mar'21 to 498.02 Cr in Mar'25, and profit before tax rising from 112.01 Cr to 233.97 Cr in the same period. The company's total assets and cash flow from operating activities have also improved significantly, indicating strong operational performance and financial health.

Answer:<BR>The historical performance of ICRA shows a consistent growth trend in net sales, with figures rising from 301.06 Cr in Mar'21 to 498.02 Cr in Mar'25. Total operating income has similarly increased, reaching 498.02 Cr in Mar'25, up from 446.11 Cr in Mar'24 and 403.23 Cr in Mar'23. The company's operating profit (PBDIT) also reflects this upward trajectory, growing from 81.13 Cr in Mar'21 to 255.16 Cr in Mar'25. Profit before tax has seen a substantial increase, climbing from 112.01 Cr in Mar'21 to 233.97 Cr in Mar'25, while profit after tax rose from 82.68 Cr in Mar'21 to 171.20 Cr in Mar'25. The earnings per share (EPS) have improved significantly as well, from 84.62 in Mar'21 to 176.18 in Mar'25. <BR><BR>In terms of assets and liabilities, total assets increased from 839.11 Cr in Mar'20 to 1,291.80 Cr in Mar'25, while total liabilities also rose from 839.11 Cr to 1,291.80 Cr during the same period. The company's cash flow from operating activities has shown a positive trend, increasing from 21.00 Cr in Mar'20 to 144.00 Cr in Mar'25, contributing to a net cash inflow of 24.00 Cr in Mar'25. Overall, ICRA has demonstrated strong financial growth across various metrics, indicating a robust performance over the years. <BR><BR>Breakdown:<BR>ICRA's financial performance over the years has been marked by significant growth in key areas. Net sales have steadily increased from 301.06 Cr in Mar'21 to 498.02 Cr in Mar'25, reflecting a strong demand for its services. Total operating income has mirrored this growth, reaching 498.02 Cr in Mar'25. Operating profit (PBDIT) has also shown a remarkable rise, from 81.13 Cr in Mar'21 to 255.16 Cr in Mar'25, indicating improved operational efficiency. Profit before tax has surged from 112.01 Cr in Mar'21 to 233.97 Cr in Mar'25, while profit after tax has increased from 82.68 Cr to 171.20 Cr in the same timeframe. The earnings per share have seen a notable rise, enhancing shareholder value. On the balance sheet, total assets and liabilities have both grown, reflecting the company's expanding operations. Cash flow from operating activities has improved significantly, contributing to a positive net cash inflow in Mar'25, showcasing ICRA's strong financial health and operational success.

Is ICRA technically bullish or bearish?

As of November 18, 2025, ICRA's technical trend is mildly bearish, influenced by bearish signals from the weekly MACD and KST, despite some mixed indicators from Dow Theory and daily moving averages.

As of 18 November 2025, the technical trend for ICRA has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD and KST both indicating bearish signals, while the monthly MACD and KST show a mildly bearish outlook. The Dow Theory reflects a mixed view with a mildly bearish signal on the weekly chart and a mildly bullish signal on the monthly chart. The daily moving averages are mildly bullish, but overall, the bearish indicators dominate. The stock has underperformed against the Sensex in the short and medium term, further supporting the bearish sentiment.

Are ICRA Ltd latest results good or bad?

ICRA Ltd's latest Q2 FY26 results show strong year-on-year growth with a net profit of ₹47.81 crore and improved margins; however, there is a sequential decline in profit and bearish market trends, suggesting caution for investors.

ICRA Ltd's latest results for Q2 FY26 present a mixed picture. On the positive side, the company reported a net profit of ₹47.81 crore, reflecting a robust year-on-year growth of 30.20%. Revenue also increased by 8.29% year-on-year to ₹136.58 crore, indicating a healthy upward trend. Additionally, the operating margin improved to 35.54%, up 283 basis points from the previous year, and the PAT margin rose to 35.16%, up 574 basis points year-on-year.<BR><BR>However, there are notable concerns. The sequential comparison shows a decline in net profit from the previous quarter's ₹55.74 crore, marking a 14.22% drop. The stock has been on a bearish trend since January 2026, trading below key moving averages, which raises caution for near-term investors. Furthermore, despite the positive operational metrics, the company's Mojo Score of 37 out of 100 suggests a "SELL" rating, reflecting a disconnect between operational performance and market sentiment.<BR><BR>In summary, while ICRA's results show strong year-on-year growth and improved margins, the sequential decline in profit and bearish market trends indicate caution for investors.

Should I buy, sell or hold ICRA Ltd?

Why is ICRA Ltd falling/rising?

As of 02-Feb, ICRA Ltd's stock price is at 6,117.50, down 1.28%, reflecting ongoing underperformance with a 3.02% loss over the last two days and a negative trend over the past month. Concerns about financial health and declining investor interest further contribute to the stock's downward pressure.

As of 02-Feb, ICRA Ltd's stock price is falling, currently at 6,117.50, reflecting a decrease of 79.25 points or 1.28%. The stock has been underperforming, having lost 3.02% over the last two days and showing a significant intraday low of Rs 6034.75, which is a decline of 2.61%. <BR><BR>In terms of performance relative to the sector, ICRA Ltd has underperformed by 3.41% today. Additionally, the stock has shown a negative trend over the past month, with a decline of 0.84%, and a yearly return of -1.43%, indicating a consistent underperformance compared to broader market indices like the Sensex, which has gained 5.37% over the same period.<BR><BR>The company's financial health also raises concerns, with a reported flat performance in the latest quarterly results, where the profit after tax (PAT) fell by 6.9% compared to the previous four-quarter average. Furthermore, despite a high return on equity (ROE) of 15.18%, the stock is considered expensive with a price-to-book value of 5.4, suggesting that investors may be cautious about its valuation.<BR><BR>Investor participation has also declined, as evidenced by a 47.27% drop in delivery volume compared to the five-day average, indicating reduced interest in trading the stock. Overall, these factors contribute to the downward pressure on ICRA Ltd's stock price.

Which are the latest news on ICRA?