ICRA Limited
ICRA Limited (ICRA) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.
Financial Services›Financial Services›Capital Markets›Ratings
icra.in(opens the company website in a new tab)Key metrics
Price as of 2026-09-02
Stock price
₹4891.30
Market cap
4,707 Cr
Stock P/E
25.1
P/B
3.97
Dividend yield
1.2%
Sign in for full ratios and TTM. Learn about these metrics →
Share price
NSE closing price from historical market data.
Loading price history…
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 105 Cr | 115 Cr | 124 Cr | 115 Cr | 126 Cr | 121 Cr | 136 Cr | 124 Cr | 137 Cr | 164 Cr | 175 Cr | 163 Cr |
| Operating expenses (approx.) | 71 Cr | 84 Cr | 74 Cr | 80 Cr | 85 Cr | 79 Cr | 77 Cr | 85 Cr | 88 Cr | 106 Cr | 105 Cr | 108 Cr |
| EBITDA | 34 Cr | 30 Cr | 50 Cr | 35 Cr | 41 Cr | 42 Cr | 59 Cr | 40 Cr | 49 Cr | 57 Cr | 70 Cr | 55 Cr |
| OPM % | 32.5% | 26.4% | 40.2% | 30.6% | 32.7% | 34.9% | 43.4% | 31.9% | 35.5% | 35.0% | 39.8% | 33.7% |
| Other income | 16 Cr | 17 Cr | 24 Cr | 18 Cr | 20 Cr | 19 Cr | 21 Cr | 24 Cr | 21 Cr | 16 Cr | 14 Cr | 28 Cr |
| Interest | 0.31 Cr | 3 Cr | 7 Cr | 2 Cr | 0.34 Cr | 1 Cr | 1 Cr | 2 Cr | 0.87 Cr | 0.98 Cr | 0.94 Cr | 0.45 Cr |
| Depreciation | 3 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 10 Cr | 10 Cr | 11 Cr |
| Profit before tax | 47 Cr | 41 Cr | 62 Cr | 47 Cr | 57 Cr | 56 Cr | 74 Cr | 58 Cr | 64 Cr | 55 Cr | 73 Cr | 76 Cr |
| Tax % | 32.0% | 20.4% | 24.3% | 24.0% | 34.8% | 24.3% | 24.4% | 26.7% | 25.4% | 28.9% | 27.6% | 25.8% |
| Net profit | 32 Cr | 32 Cr | 47 Cr | 36 Cr | 37 Cr | 42 Cr | 56 Cr | 43 Cr | 48 Cr | 39 Cr | 53 Cr | 56 Cr |
| EPS (₹) | ₹33.03 | ₹33.42 | ₹48.72 | ₹36.92 | ₹38.18 | ₹43.69 | ₹57.94 | ₹44.11 | ₹49.68 | ₹40.34 | ₹54.50 | ₹58.36 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 328 Cr | 321 Cr | 301 Cr | 343 Cr | 403 Cr | 446 Cr | 498 Cr | 600 Cr | Sign in for TTM |
| Operating expenses (approx.) | 215 Cr | 225 Cr | 220 Cr | 222 Cr | 260 Cr | 297 Cr | 320 Cr | 384 Cr | Sign in for TTM |
| EBITDA | 113 Cr | 96 Cr | 81 Cr | 121 Cr | 143 Cr | 149 Cr | 178 Cr | 215 Cr | Sign in for TTM |
| OPM % | 34.6% | 29.8% | 26.9% | 35.2% | 35.4% | 33.3% | 35.7% | 35.9% | Sign in for TTM |
| Other income | 45 Cr | 48 Cr | 43 Cr | 41 Cr | 50 Cr | 75 Cr | 77 Cr | 75 Cr | Sign in for TTM |
| Interest | 0.51 Cr | 2 Cr | 2 Cr | 2 Cr | 1 Cr | 10 Cr | 5 Cr | 4 Cr | Sign in for TTM |
| Depreciation | 6 Cr | 10 Cr | 10 Cr | 8 Cr | 10 Cr | 13 Cr | 16 Cr | 28 Cr | Sign in for TTM |
| Profit before tax | 152 Cr | 131 Cr | 112 Cr | 152 Cr | 181 Cr | 200 Cr | 234 Cr | 250 Cr | Sign in for TTM |
| Tax % | 31.2% | 26.0% | 26.2% | 25.4% | 24.6% | 23.8% | 26.8% | 27.1% | Sign in for TTM |
| Net profit | 105 Cr | 97 Cr | 83 Cr | 114 Cr | 137 Cr | 152 Cr | 171 Cr | 183 Cr | Sign in for TTM |
| EPS (₹) | ₹106.63 | ₹99.98 | ₹84.89 | ₹116.74 | ₹140.59 | ₹157.07 | ₹176.73 | ₹188.63 | Sign in for TTM |
| Dividend payout % | — | — | — | 23.3% | 20.4% | 83.0% | 56.9% | 32.2% | Sign in for TTM |
Sign in for TTM
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 10 Cr | 10 Cr | 10 Cr | 10 Cr | 10 Cr | 10 Cr | 10 Cr | 10 Cr |
| Reserves | 628 Cr | 692 Cr | 748 Cr | 834 Cr | 941 Cr | 967 Cr | 1,044 Cr | 1,171 Cr |
| Borrowings | — | — | — | — | — | 2 Cr | 1 Cr | 0.63 Cr |
| Other liabilities | 130 Cr | 144 Cr | 138 Cr | 131 Cr | 146 Cr | 205 Cr | 235 Cr | 300 Cr |
| Total liabilities | 767 Cr | 846 Cr | 896 Cr | 978 Cr | 1,101 Cr | 1,188 Cr | 1,294 Cr | 1,486 Cr |
| Fixed assets (net) | — | — | — | 39 Cr | 28 Cr | 40 Cr | 40 Cr | 46 Cr |
| CWIP | — | — | — | 0 Cr | 0 Cr | 0.12 Cr | 0 Cr | 0 Cr |
| Investments | — | — | — | 454 Cr | 689 Cr | 813 Cr | 773 Cr | 730 Cr |
| Loans & advances | — | — | — | 0.02 Cr | 0.02 Cr | 0.0080 Cr | 0.0050 Cr | 0.0051 Cr |
| Trade receivables | — | — | — | 26 Cr | 38 Cr | 53 Cr | 48 Cr | 78 Cr |
| Cash & bank | — | — | — | 22 Cr | 12 Cr | 10 Cr | 35 Cr | 30 Cr |
| Other assets | 767 Cr | 846 Cr | 896 Cr | 437 Cr | 335 Cr | 270 Cr | 398 Cr | 603 Cr |
| Total assets | 767 Cr | 846 Cr | 896 Cr | 978 Cr | 1,101 Cr | 1,188 Cr | 1,294 Cr | 1,486 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 97 Cr | 99 Cr | 107 Cr | 145 Cr | 157 Cr |
| Cash from investing | — | — | — | -72 Cr | -77 Cr | 27 Cr | -17 Cr | -95 Cr |
| Cash from financing | — | — | — | -32 Cr | -32 Cr | -137 Cr | -103 Cr | -67 Cr |
| Net cash flow | — | — | — | -7 Cr | -10 Cr | -2 Cr | 25 Cr | -5 Cr |
| Free cash flow (OCF − Capex) | — | — | — | 92 Cr | 90 Cr | 100 Cr | 132 Cr | 145 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 23.9% | 19.0% | 15.1% | 18.1% | 19.1% | 21.4% | 22.6% | 21.5% |
| ROE % | 16.3% | 13.7% | 10.8% | 13.2% | 14.3% | 15.5% | 16.1% | 15.3% |
| Debtor days | — | — | — | 28 | 34 | 43 | 35 | 48 |
| Inventory days | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Days payable | — | — | — | 10 | 8 | 6 | 7 | 8 |
| Cash conversion cycle | — | — | — | 18 | 27 | 37 | 28 | 39 |
| Debt / equity | — | — | — | — | — | 0.0018 | 0.0011 | 0.0005 |
| Current ratio | — | — | — | 3.91 | 4.45 | 4.51 | 6.37 | 3.80 |
| Net debt / EBITDA | 0.00 | 0.00 | 0.00 | -0.18 | -0.09 | -0.06 | -0.19 | -0.14 |
Compare with peers
Loading peers…