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 26.7x vs industry 35.7x)
- ✓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 | ₹748 | ₹11.5L Cr | 15.2 | 1.98 | 13.8 | 7.04 | — |
| SBIN State Bank of India | ₹977 | ₹8.8L Cr | 10.6 | 1.51 | 15.4 | 6.13 | — |
| ICICIBANK ICICI Bank Limited | ₹1,261 | ₹8.8L Cr | 16.2 | 2.51 | 16.1 | 7.2 | — |
| BAJFINANCE Bajaj Finance Limited | ₹890 | ₹5.5L Cr | 28.6 | 4.86 | 18.2 | 10.8 | — |
| LICI Life Insurance Corporation Of India | ₹400 | ₹5.1L Cr | 8.83 | 2.86 | 37.8 | 35.1 | 0 |
| AXISBANK Axis Bank Limited | ₹1,273 | ₹3.9L Cr | 14.8 | 1.85 | 13.2 | 6.24 | — |
| KOTAKBANK Kotak Mahindra Bank Limited | ₹377 | ₹3.8L Cr | 19.8 | 2.07 | 11.2 | 6.93 | — |
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
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