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.

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.

When is the next results date for ICRA Ltd?

The next results date for ICRA Ltd is 21 May 2026.

The next results date for ICRA Ltd is scheduled for 21 May 2026.

Are ICRA Ltd latest results good or bad?

ICRA Ltd's latest results show strong revenue growth with a 35.11% increase in net profit quarter-on-quarter, but a 5.90% year-on-year decline in net profit and compressed operating margins raise concerns about profitability and operational efficiency. Overall, while revenue performance is positive, the decline in profit and margin pressures suggest underlying challenges.

ICRA Ltd's latest results present a mixed picture. On one hand, the company reported a net profit of ₹52.45 crore for Q4 FY26, which is a significant 35.11% increase quarter-on-quarter. Additionally, revenue showed strong growth, reaching ₹174.85 crore, marking a 28.37% increase year-on-year and a 6.88% increase from the previous quarter. This indicates robust top-line performance driven by increased rating volumes and higher realizations.<BR><BR>However, there are notable concerns. Despite the revenue growth, net profit declined by 5.90% year-on-year, which raises questions about the sustainability of profitability. Operating margins also compressed to 39.78%, down from 43.43% a year ago, primarily due to rising employee costs. This margin pressure suggests challenges in maintaining operational efficiency and pricing power in a competitive environment.<BR><BR>Overall, while the revenue growth is commendable, the decline in net profit and margin compression indicate underlying issues that investors should monitor closely. The stock's performance has also been underwhelming, trading significantly below its 52-week high, reflecting investor concerns about valuation and growth momentum. Therefore, the results can be seen as good in terms of revenue growth but bad regarding profitability and margin pressures.

Should I buy, sell or hold ICRA Ltd?

Why is ICRA Ltd falling/rising?

As of 24-May, ICRA Ltd's stock is declining, with a drop of 0.97% and a year-to-date decline of 11.10%. Despite some positive quarterly financial results, the long-term growth outlook is weak, and reduced investor participation indicates negative market sentiment.

As of 24-May, ICRA Ltd's stock price is currently falling, as indicated by a change of -52.85 points, which represents a decline of 0.97%. The stock has underperformed in both the short and long term, with a year-to-date decline of 11.10% and a one-year return of -15.15%. This poor performance is compounded by the fact that the stock has generated negative returns while also underperforming against the broader market indices, such as the BSE500.<BR><BR>Despite some positive financial results reported for the quarter ending March 26, including the highest net sales and profit before tax figures, the long-term growth outlook remains weak. The company's net sales have only grown at an annual rate of 14.77% over the past five years, and it has a relatively high price-to-book value of 4.4, suggesting that the stock is considered expensive compared to its peers. Additionally, the stock's performance has been below par in both the near and long term, contributing to investor sentiment that may be driving the stock price down.<BR><BR>Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 22.08% against the five-day average, indicating reduced interest from investors. Although the stock has high institutional holdings at 32.44%, which typically suggests a level of confidence from more knowledgeable investors, the overall market sentiment appears to be negative, leading to the current decline in stock price.

Which are the latest news on ICRA?