ICRA

Which are the latest news on ICRA?

Why is ICRA Ltd falling/rising?

As of 10-Jun, ICRA Ltd's stock price is 5,135.95, down 0.3%, with a year-to-date decline of 15.35% and a one-year drop of 21.80%. Despite recent gains, the stock remains near its 52-week low and has underperformed its sector, indicating weak investor interest and a high valuation relative to modest earnings growth.

As of 10-Jun, ICRA Ltd's stock price is currently at 5,135.95, reflecting a decrease of 15.3 points or 0.3%. The stock has shown a poor performance over various time frames, with a year-to-date decline of 15.35% and a one-year drop of 21.80%. This underperformance is notable when compared to the broader market, as the Sensex has only declined by 13.19% over the same period.<BR><BR>Despite a recent four-day gain of 1.74%, the stock is still close to its 52-week low, being only 4.78% away from that point. Additionally, the stock has underperformed its sector by 2.79% today, indicating a lack of momentum relative to its peers. The delivery volume has also decreased significantly, falling by 21.39% against the five-day average, which suggests a decline in investor participation and interest.<BR><BR>While there are some positive factors, such as being net-debt free and reporting strong growth in net sales and profits in the latest quarter, these have not translated into sustained stock price appreciation. The company has a high Price to Book Value ratio of 4.2, indicating an expensive valuation compared to its earnings growth, which has been relatively modest at an annual rate of 14.77% over the last five years. This combination of factors contributes to the stock's current downward trend.

What does ICRA do?

ICRA Ltd is an independent credit rating agency in the Capital Markets industry, providing investment information and ratings. As of March 2026, it reported net sales of 175 Cr and a net profit of 52 Cr, with a market cap of INR 4,976 Cr.

Overview:<BR>ICRA Ltd is an independent investment information and credit rating agency operating in the Capital Markets industry, categorized as a Small Cap company.<BR><BR>History:<BR>ICRA Ltd was established in collaboration with leading financial and investment institutions, commercial banks, and financial services companies. The latest quarterly results reported are for March 2026, showing net sales and profit figures.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 175 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 52 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 4,976 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: 27.00 <BR>Industry P/E: 32 <BR>Dividend Yield: 1.16% <BR>Debt-Equity: -0.64 <BR>Return on Equity: 15.79% <BR>Price to Book: 4.21 <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

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?

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.

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.

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.

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.

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.

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.

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.