ICRA Adjusts Evaluation Amidst Stable Growth and Rising Interest Expenses

ICRA has recently undergone an adjustment in evaluation, reflecting a reassessment of its market position and financial metrics. The company, which operates in the ratings industry, has shown a consistent annual growth rate in net sales of 8.22% over the past five years, alongside a 9.03% increase in operating profit during the same period.
In the most recent quarter, ICRA reported interest expenses amounting to Rs 9.42 crore, which indicates a notable rise. Additionally, non-operating income has played a significant role, making up a considerable portion of the profit before tax. The company's return on equity is recorded at 15.9%, although it is perceived to have a high valuation, as evidenced by its price-to-book ratio.

Despite achieving a return of 9.48% over the past year, the growth in profits has been modest, leading to a high PEG ratio. ICRA's low debt-to-equity ratio suggests a conservative approach to leverage, while the technical trend indicates a sideways movement, reflecting a period of stability without clear momentum. The company also benefits from substantial institutional holdings.

For more insights into ICRA's financial trends and performance metrics, you can Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.