ICRA Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Strong return on equity (ROE 16.7%)
- ✓Efficient capital deployment (ROCE 23%)
- ✓Attractively valued vs sector (P/E 26.9x vs industry 35.4x)
- ✓Virtually debt-free
- ✓Near 52-week low — potential value zone (₹4,905)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HDFCBANK HDFC Bank Limited | ₹754 | ₹12.6L Cr | 16 | 1.93 | 13.6 | 7.02 | — |
| ICICIBANK ICICI Bank Limited | ₹1,440 | ₹10.4L Cr | 18.5 | 2.73 | 17.3 | 7.59 | — |
| SBIN State Bank of India | ₹1,025 | ₹9.6L Cr | 11.6 | 1.59 | 15.4 | 6.13 | — |
| BAJFINANCE Bajaj Finance Limited | ₹1,056 | ₹6.6L Cr | 34.2 | 5.77 | 18.2 | 10.9 | — |
| LICI Life Insurance Corporation Of India | ₹424 | ₹5.5L Cr | 9.54 | 3.03 | 37.8 | 35.1 | 0 |
| AXISBANK Axis Bank Limited | ₹1,234 | ₹4.1L Cr | 14.9 | 1.73 | 13.1 | 6.24 | — |
| KOTAKBANK Kotak Mahindra Bank Limited | ₹382 | ₹3.9L Cr | 19.4 | 2.1 | 11.4 | 6.98 | — |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
ICRA · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 51.86% | 51.86% | 51.86% | 51.86% | 51.86% | 51.86% |
| FII | 8.22% | 8.42% | 8.59% | 8.77% | 9.06% | 8.78% |
| DII | 24.21% | 24.05% | 23.60% | 24.09% | 23.92% | 24.17% |
| Public | 15.38% | 15.34% | 15.62% | 14.94% | 14.82% | 14.86% |
| Others | 0.33% | 0.33% | 0.33% | 0.32% | 0.32% | 0.32% |
Corporate Events
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Annual General Meeting/Dividend - Rs 60 Per Share
Annual General Meeting/Dividend - Rs 100 Per Share
Annual General Meeting/Dividend - Rs 40 Per Share/Special Dividend - Rs 90 Per Share
Latest News
All news →Can Fin Homes receives new credit rating
*Can Fin Homes receives new credit rating.* The company's latest credit assessment reflects stable creditworthiness with **CRISIL** and **ICRA** affirming ratings. No changes in outlook were indicated. This routine update supports ongoing debt market operations. 📊 *STOCKS:* CANFINHOME | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CreditRating
ICRA to acquire majority stake in Acuité Ratings
*ICRA to acquire majority stake in Acuité Ratings* to strengthen its footprint in the credit rating space. The move enhances ICRA’s competitive positioning and diversifies its client base. This strategic acquisition is valued at **₹400 crore**. Acuité’s expertise in MSME and infrastructure segments adds key capabilities. 📊 *STOCKS:* ICRA | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Acquisition
ICRA cuts India's GDP growth to 6.2% for FY25
*ICRA revises India's GDP growth forecast down to **6.2%** for FY25, citing slower industrial activity and weak rural demand.* The downgrade from earlier estimates signals macroeconomic headwinds affecting consumption and investment trends. This could influence RBI's rate decisions and market sentiment across sectors. 📊 *STOCKS:* | 🏢 *SECTOR:* Macro | #HIGHIMPACT #GDP
ICRA cuts India's FY27 GDP growth forecast to 6.2%
ICRA has downgraded India's real GDP growth forecast for FY27 to **6.2%** from **6.5%** earlier, citing slower-than-expected rural recovery and weak private consumption. The rating agency also projected FY26 growth at **6.4%**, marginally below earlier estimates. This revision raises concerns over near-term economic momentum and corporate earnings growth. 📊 *STOCKS:* | 🏢 *SECTOR:* Macro | #HIGHIMPACT #GDP
Bank credit growth to slow below 12% in FY27 amid oil shock
*Bank credit growth to slow below 12% in FY27 as ₹25 lakh crore expansion faces oil shock, Deposit pressure: ICRA.* ICRA has revised down credit growth forecasts citing **₹25 lakh crore** expansion headwinds, inflationary oil shock, and mounting deposit pressure on banking sector. This macro shift signals tightening monetary conditions and reduced retail lending momentum for FY27. Banking stocks face margin compression risks from elevated deposit costs. 📊 *SECTOR:* Banking | #HIGHIMPACT #CreditGrowth #Macro
ICRA forecasts ₹5–6 trillion transmission capex by 2032
*ICRA forecasts ₹5–6 trillion transmission capex by 2032.* The rating agency expects robust investments in power transmission infrastructure between 2026–27 and 2031–32. This signals long-term growth potential for the sector, driven by rising energy demand and grid modernization. Public and private players may benefit from increased project awards and order visibility. 📊 *STOCKS:* | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Capex
₹5–6 trn capex planned for power transmission by FY32.
*₹5–6 trn capex planned for power transmission by FY32.* ICRA highlights robust investment plans in India's power transmission sector driven by renewable energy expansion. This includes strengthening the grid to handle **500 GW** of renewable capacity by 2030. The outlay signals long-term growth for transmission and distribution players. 📊 *STOCKS:* | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Capex
₹5-6L Cr capex planned for power transmission by FY32
*₹5-6 lakh crore capex expected in power transmission by FY32.* ICRA highlights strong investment plans but flags execution delays as a key risk. Sector growth hinges on timely project implementation and regulatory support. Rising focus on grid modernization could benefit large players. 📊 *STOCKS:* | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Capex
Power transmission capex may hit ₹5-6L cr by FY32
*Power transmission sector may see ₹5-6 lakh crore capex by FY32: ICRA* ET EnergyWorld reports ICRA's projection of **₹5-6 lakh crore** in transmission capex by FY32, signaling strong sector momentum. The outlay reflects rising demand and grid modernization plans. Upcoming tenders and execution pace will drive investor interest. 📊 *STOCKS:* | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Capex
ICRA forecasts ₹6 trillion transmission capex opportunity
*ICRA forecasts ₹6 trillion transmission capex opportunity.* This spending could boost the power and infrastructure sectors significantly over the next decade. **₹6 trillion** investment is expected to drive growth in transmission projects and related manufacturing. Public and private players may benefit from upcoming tenders and project awards. 📊 *STOCKS:* | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Capex
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹164 Cr ▲19.7% | ₹137 Cr ▲10.5% | ₹124 Cr ▼8.8% | ₹136 Cr ▲12.4% | ₹121 Cr ▼4.0% | ₹126 Cr ▲9.6% | ₹115 Cr ▼7.3% | ₹124 Cr |
| Op. Profit | ₹57 Cr ▲16.3% | ₹49 Cr ▲22.5% | ₹40 Cr ▼32.2% | ₹59 Cr ▲40.5% | ₹42 Cr ▲2.4% | ₹41 Cr ▲17.1% | ₹35 Cr ▼30.0% | ₹50 Cr |
| OPM | 35.0% ▼2.8% | 36.0% ▲12.5% | 32.0% ▼25.6% | 43.0% ▲22.9% | 35.0% ▲6.1% | 33.0% ▲6.5% | 31.0% ▼22.5% | 40.0% |
| Net Profit | ₹39 Cr ▼18.8% | ₹48 Cr ▲11.6% | ₹43 Cr ▼23.2% | ₹56 Cr ▲33.3% | ₹42 Cr ▲13.5% | ₹37 Cr ▲2.8% | ₹36 Cr ▼23.4% | ₹47 Cr |
| EPS (₹) | 40.22 ▼18.8% | 49.54 ▲12.7% | 43.97 ▼23.9% | 57.75 ▲32.6% | 43.55 ▲14.5% | 38.05 ▲3.4% | 36.8 ▼24.2% | 48.56 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹600 Cr ▲20.5% | ₹498 Cr ▲11.7% | ₹446 Cr ▲10.7% | ₹403 Cr ▲17.5% | ₹343 Cr ▲14.0% | ₹301 Cr ▼6.2% | ₹321 Cr ▼2.1% | ₹328 Cr ▲6.1% | ₹309 Cr ▼7.2% | ₹333 Cr |
| Expenses | ₹384 Cr ▲20.0% | ₹320 Cr ▲7.7% | ₹297 Cr ▲14.2% | ₹260 Cr ▲17.1% | ₹222 Cr ▲0.9% | ₹220 Cr ▼2.2% | ₹225 Cr ▲4.7% | ₹215 Cr ▲10.8% | ₹194 Cr ▼16.0% | ₹231 Cr |
| Op. Profit | ₹215 Cr ▲20.8% | ₹178 Cr ▲19.5% | ₹149 Cr ▲4.2% | ₹143 Cr ▲18.2% | ₹121 Cr ▲49.4% | ₹81 Cr ▼15.6% | ₹96 Cr ▼15.0% | ₹113 Cr ▼1.7% | ₹115 Cr ▲12.7% | ₹102 Cr |
| OPM | 36.0% ▲0.0% | 36.0% ▲9.1% | 33.0% ▼5.7% | 35.0% ▲0.0% | 35.0% ▲29.6% | 27.0% ▼10.0% | 30.0% ▼11.8% | 34.0% ▼8.1% | 37.0% ▲19.4% | 31.0% |
| Other Income | ₹68 Cr ▼11.7% | ₹77 Cr ▲2.7% | ₹75 Cr ▲50.0% | ₹50 Cr ▲22.0% | ₹41 Cr ▼4.7% | ₹43 Cr ▼10.4% | ₹48 Cr ▲6.7% | ₹45 Cr ▼8.2% | ₹49 Cr ▲25.6% | ₹39 Cr |
| Interest | ₹4 Cr ▼20.0% | ₹5 Cr ▼50.0% | ₹10 Cr ▲900.0% | ₹1 Cr ▼50.0% | ₹2 Cr ▲0.0% | ₹2 Cr ▲0.0% | ₹2 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹28 Cr ▲75.0% | ₹16 Cr ▲23.1% | ₹13 Cr ▲30.0% | ₹10 Cr ▲25.0% | ₹8 Cr ▼20.0% | ₹10 Cr ▲0.0% | ₹10 Cr ▲66.7% | ₹6 Cr ▼25.0% | ₹8 Cr ▼11.1% | ₹9 Cr |
| PBT | ₹250 Cr ▲6.8% | ₹234 Cr ▲17.0% | ₹200 Cr ▲10.5% | ₹181 Cr ▲19.1% | ₹152 Cr ▲35.7% | ₹112 Cr ▼14.5% | ₹131 Cr ▼13.8% | ₹152 Cr ▼3.2% | ₹157 Cr ▲18.9% | ₹132 Cr |
| Tax % | 27.0% ▲0.0% | 27.0% ▲12.5% | 24.0% ▼4.0% | 25.0% ▲0.0% | 25.0% ▼3.8% | 26.0% ▲0.0% | 26.0% ▼13.3% | 30.0% ▼14.3% | 35.0% ▲6.1% | 33.0% |
| Net Profit | ₹183 Cr ▲7.0% | ₹171 Cr ▲12.5% | ₹152 Cr ▲10.9% | ₹137 Cr ▲20.2% | ₹114 Cr ▲37.3% | ₹83 Cr ▼14.4% | ₹97 Cr ▼8.5% | ₹106 Cr ▲5.0% | ₹101 Cr ▲13.5% | ₹89 Cr |
| EPS (₹) | 188.08 ▲6.8% | 176.15 ▲12.5% | 156.55 ▲11.7% | 140.13 ▲20.4% | 116.35 ▲37.5% | 84.61 ▼15.1% | 99.66 ▼8.7% | 109.21 ▲7.4% | 101.68 ▲13.9% | 89.29 |
| Div Payout | 56.0% ▲64.7% | 34.0% ▼46.9% | 64.0% ▼31.2% | 93.0% ▲287.5% | 24.0% ▼25.0% | 32.0% ▲18.5% | 27.0% ▲0.0% | 27.0% ▼6.9% | 29.0% ▼3.3% | 30.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹10 Cr ▲0.0% | ₹10 Cr ▲0.0% | ₹10 Cr ▲0.0% | ₹10 Cr ▲0.0% | ₹10 Cr ▲0.0% | ₹10 Cr ▲0.0% | ₹10 Cr ▲0.0% | ₹10 Cr ▲0.0% | ₹10 Cr ▲0.0% | ₹10 Cr |
| Reserves | ₹1.1K Cr ▲3.3% | ₹1.0K Cr ▲8.0% | ₹967 Cr ▲2.8% | ₹941 Cr ▲12.8% | ₹834 Cr ▲11.5% | ₹748 Cr ▲8.1% | ₹692 Cr ▲9.7% | ₹631 Cr ▼2.2% | ₹645 Cr ▲19.7% | ₹539 Cr |
| Borrowings | ₹12 Cr ▼7.7% | ₹13 Cr ▲0.0% | ₹13 Cr ▲0.0% | ₹13 Cr ▼7.1% | ₹14 Cr ▼17.6% | ₹17 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other Liabilities | ₹265 Cr ▲17.8% | ₹225 Cr ▲15.4% | ₹195 Cr ▲41.3% | ₹138 Cr ▲14.0% | ₹121 Cr ▲0.0% | ₹121 Cr ▼16.0% | ₹144 Cr ▲12.5% | ₹128 Cr ▲10.3% | ₹116 Cr ▲4.5% | ₹111 Cr |
| Total Liabilities | ₹1.4K Cr ▲5.6% | ₹1.3K Cr ▲9.1% | ₹1.2K Cr ▲7.5% | ₹1.1K Cr ▲12.6% | ₹978 Cr ▲9.2% | ₹896 Cr ▲5.9% | ₹846 Cr ▲10.0% | ₹769 Cr ▼0.3% | ₹771 Cr ▲16.8% | ₹660 Cr |
| Assets | ||||||||||
| Fixed Assets | ₹90 Cr ▲0.0% | ₹90 Cr ▼1.1% | ₹91 Cr ▲93.6% | ₹47 Cr ▲2.2% | ₹46 Cr ▲0.0% | ₹46 Cr ▼14.8% | ₹54 Cr ▲58.8% | ₹34 Cr ▼5.6% | ₹36 Cr ▼2.7% | ₹37 Cr |
| CWIP | ₹0 Cr ▼100.0% | ₹4 Cr ▲300.0% | ₹1 Cr ▲0.0% | ₹1 Cr ▼50.0% | ₹2 Cr ▼33.3% | ₹3 Cr ▲50.0% | ₹2 Cr ▲100.0% | ₹1 Cr | ₹0 Cr ▼100.0% | ₹1 Cr |
| Investments | ₹911 Cr ▲17.9% | ₹773 Cr ▼4.9% | ₹813 Cr ▲18.0% | ₹689 Cr ▲51.8% | ₹454 Cr ▲156.5% | ₹177 Cr ▲70.2% | ₹104 Cr ▼42.9% | ₹182 Cr ▼46.2% | ₹338 Cr ▲8.7% | ₹311 Cr |
| Other Assets | ₹363 Cr ▼14.8% | ₹426 Cr ▲53.2% | ₹278 Cr ▼23.6% | ₹364 Cr ▼23.8% | ₹478 Cr ▼28.6% | ₹669 Cr ▼2.3% | ₹685 Cr ▲24.1% | ₹552 Cr ▲39.4% | ₹396 Cr ▲26.9% | ₹312 Cr |
| Total Assets | ₹1.4K Cr ▲5.6% | ₹1.3K Cr ▲9.1% | ₹1.2K Cr ▲7.5% | ₹1.1K Cr ▲12.6% | ₹978 Cr ▲9.2% | ₹896 Cr ▲5.9% | ₹846 Cr ▲10.0% | ₹769 Cr ▼0.3% | ₹771 Cr ▲16.8% | ₹660 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹145 Cr ▲35.5% | ₹107 Cr ▲8.1% | ₹99 Cr ▲2.1% | ₹97 Cr ▲27.6% | ₹76 Cr ▲261.9% | ₹21 Cr ▼74.1% | ₹81 Cr ▲30.6% | ₹62 Cr ▼1.6% | ₹63 Cr ▼11.3% | ₹71 Cr |
| Investing CF | ₹-17 Cr ▼160.7% | ₹28 Cr ▲136.4% | ₹-77 Cr ▼6.9% | ₹-72 Cr ▼125.0% | ₹-32 Cr ▼390.9% | ₹11 Cr ▼75.6% | ₹45 Cr ▲183.3% | ₹-54 Cr ▼350.0% | ₹-12 Cr ▲70.0% | ₹-40 Cr |
| Financing CF | ₹-103 Cr ▲24.8% | ₹-137 Cr ▼328.1% | ₹-32 Cr ▼3.2% | ₹-31 Cr ▲3.1% | ₹-32 Cr ▲22.0% | ₹-41 Cr ▲66.1% | ₹-121 Cr ▼3125.0% | ₹4 Cr ▲105.8% | ₹-69 Cr ▼72.5% | ₹-40 Cr |
| Net Cash Flow | ₹25 Cr ▲1350.0% | ₹-2 Cr ▲80.0% | ₹-10 Cr ▼42.9% | ₹-7 Cr ▼158.3% | ₹12 Cr ▲250.0% | ₹-8 Cr ▼260.0% | ₹5 Cr ▼58.3% | ₹12 Cr ▲170.6% | ₹-17 Cr ▼88.9% | ₹-9 Cr |
| Free Cash Flow | ₹133 Cr ▲33.0% | ₹100 Cr ▲11.1% | ₹90 Cr ▼1.1% | ₹91 Cr ▲23.0% | ₹74 Cr ▲335.3% | ₹17 Cr ▼79.0% | ₹81 Cr ▲28.6% | ₹63 Cr ▲5.0% | ₹60 Cr ▼1.6% | ₹61 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 35d ▼16.7% | 42d ▲23.5% | 34d ▲21.4% | 28d ▼51.7% | 58d ▼10.8% | 65d ▲71.1% | 38d ▼20.8% | 48d ▲29.7% | 37d ▼27.5% | 51d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 35d ▼16.7% | 42d ▲23.5% | 34d ▲21.4% | 28d ▼51.7% | 58d ▼10.8% | 65d ▲71.1% | 38d ▼20.8% | 48d ▲29.7% | 37d ▼27.5% | 51d |
| Working Capital Days | -75d ▼23.0% | -61d ▲4.7% | -64d ▼16.4% | -55d ▼14.6% | -48d ▼2300.0% | -2d ▲95.5% | -44d ▼7.3% | -41d ▲8.9% | -45d ▲31.8% | -66d |
| ROCE | 23.0% ▲9.5% | 21.0% ▲5.0% | 20.0% ▲5.3% | 19.0% ▲26.7% | 15.0% ▼25.0% | 20.0% ▼13.0% | 23.0% ▼8.0% | 25.0% ▼3.8% | 26.0% ▲8.3% | 24.0% |
Source: Screener.in · Lower days = better efficiency
About ICRA Limited
ICRA Limited was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional investment Information and Credit Rating Agency.[1] It is involved in rating, management consulting and outsourcing and information services etc.[2]
Financial Services · Capital Markets