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ICRA Limited

ICRA Limited

NSE: ICRA
Financial Data & Stock ExchangesFinancial ServicesSMALL CAPMCap ₹4.33k Cr
₹4,494.50₹-11.10 (-0.25%)

Market Closed • NSE

Market cap₹4.33k Cr
Enterprise value₹3.55k Cr
P/E TTM22.19
Forward P/E17.23
P/B3.66
EPS TTM₹202.54
Forward EPS₹260.89
ROCE23.00%
D/E1.55
Dividend yield0.02%
Face value₹10.00
52W high₹6,620.00
52W low₹4,198.20
Price chart(1Y)
1Y Return:-12.68% (₹652.50)
H: ₹5,479.5L: ₹4,198.2
1W+0.40%
1M-1.97%
3M-12.95%
6M-17.14%
1Y-28.13%
Today at a glance

Day range

₹4,450.80₹4,514.70

52 week range

₹4,198.20₹6,620.00
Volume7.3K0.29x 20D avg
Free float50.00%-71.40% volume

ICRA Limited closed at INR4494.50 (-0.25%) on volume 0.29x its 20-day average, trading 32.11% below its 52-week high.

Technical analysis
RSI (14)47.5Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹110.17Moderate
SMA 20₹4,425.51BULLISH
SMA 50₹4,720.29BEARISH
SMA 100₹4,937.62BEARISH
SMA 200₹5,277.83BEARISH
CPR bottom₹4,535.15
Pivot₹4,525.30
CPR top₹4,515.45
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +5.7% QoQ

2026-07-23

DIVIDEND Announced

Dividend - Rs 70 Per Share/Special Dividend - Rs 35 Per Share

2025-07-25

DIVIDEND Announced

Annual General Meeting/Dividend - Rs 60 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL4/4 criteria
Non-Compliant (Business Activity)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹18.4 Cr₹4.33k Cr0.43%≤ 33%PASS
Non-halal income ratio–₹599.5 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹1.46k Cr₹1.49k Cr98.00%≥ 20%PASS
Receivables ratio–₹1.49k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E22.1916.50
Forward P/E17.23—
P/B3.661.60
EV/EBITDA—18.00
PEG—0.50
Earnings yield4.506.10
Growth & profitability
RevenuePAT
FY25PAT margin 34.10%
FY26PAT margin 30.50%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+6.40%
Revenue CAGR 5Y+3.80%
PAT CAGR 3Y+2.20%
PAT CAGR 5Y+1.30%
Operating margin27.27%
Net margin30.58%
Financial health & cash flow
Net debt–Moderate
Interest coverage42.20xEBIT / interest
CFO / PAT0.86x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹157.3 Cr
Capital expenditure–
Free cash flow₹144.8 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall68/100
Valuation60/100
Profitability80/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 23.0%

Risks

Elevated Leverage Burden: Debt-to-Equity stands at 1.55x

Bull case

Market Leadership: Established operational scale in Financial Data & Stock Exchanges.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
32.43%Institutional holding
15.41%Public holding
5Periods available
0.00%Promoter pledged
22.19KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
23 Jul 2026Dividend₹70.00 / share—23 Jul 2026
25 Jul 2025Dividend₹60.00 / share—25 Jul 2025
—Dividend₹100.00 / share—19 Jul 2024
—Dividend₹40.00 / share—28 Jul 2023
—Dividend₹28.00 / share—28 Jul 2022
—Dividend₹27.00 / share—22 Jul 2021
—Dividend₹27.00 / share—16 Sept 2020
—Dividend₹30.00 / share—24 Sept 2019
—Dividend₹30.00 / share—03 Aug 2018
—Dividend₹27.00 / share—28 Jul 2017
—Dividend₹25.00 / share—05 Aug 2016
—Dividend₹24.00 / share—06 Aug 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)63.11%+2.45% latest vs average
Highest delivery86.94%on 22 Sept
Average volume (20D)25.5KTrading-session average
Conviction trendStrengthening+2.45% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
HDFC Bank Limited
HDFC Bank LimitedHDFCBANK
Open analysis
₹11.24L15.931.79%₹46,355.55₹19,059.72-45.69%+17.23%
ICICI Bank Limited
ICICI Bank LimitedICICIBANK
Open analysis
₹10.03L18.060.86%₹32,960.41₹16,276.00-35.98%+12.59%
State Bank of India
State Bank of IndiaSBIN
Open analysis
₹8.89L10.321.81%₹62,915.13₹25,121.00-29.09%+13.56%
Bajaj Finance Limited
Bajaj Finance LimitedBAJFINANCE
Open analysis
₹6.11L29.360.56%₹13,929.00₹6,081.00+17.62%+27.62%
Life Insurance Corporation of India
Life Insurance Corporation of IndiaLICI
Open analysis
₹5.03L8.372.54%₹2.40L₹13,584.00+6.76%+24.00%
Kotak Mahindra Bank Limited
Kotak Mahindra Bank LimitedKOTAKBANK
Open analysis
₹4.45L21.930.15%₹11,266.63₹5,480.00-41.22%+22.54%
Axis Bank Limited
Axis Bank LimitedAXISBANK
Open analysis
₹4.02L14.510.08%₹21,381.52₹7,114.00-3.52%+22.53%
Bajaj Finserv Ltd.
Bajaj Finserv Ltd.BAJAJFINSV
Open analysis
₹2.77L27.450.08%₹42,036.90—+39.05%—
About ICRA Limited
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]

IndiaFinancial Services

Questions investors ask
Is ICRA Limited Shariah compliant?

ICRA Limited is currently screened as Non-Compliant (Business Activity) under AAOIFI Shariah Standard No. 21. Business activity in non-permissible sector: /\bfinancial services\b/i Debt to Market Cap (0.43%) complies with AAOIFI threshold (≤ 33%).

What is ICRA Limited's current valuation relative to peers?

ICRA Limited trades at a P/E of 22.2x compared to the sector median of 16.5x, and a Price-to-Book of 3.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 1.55x. Interest coverage is 42.2x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 3.8% while net profit growth averaged 1.3%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.