ICRA Latest Share Price (ICRA)
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ICRA rose 2.8% on above-average volume (3.4x avg), outperforming Nifty's 0.5% move, supported by recent strong earnings.
With a market cap of ₹4,917.54 Cr., it trades at a P/E of 24.69. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
ICRA flags & news
Key strengths, potential risks, and recent updates.
Green Flags
- ●Earnings GrowthEPS (TTM) grew by a solid 32.3% YoY
- ●High Capital EfficiencyROCE of 23.0% indicating pricing power
- ●Strong Return on EquityHealthy ROE of 16.7%
- ●Healthy Operating MarginsOPM is structurally strong at 35.9%
- ●High Promoter HoldingPromoters hold 51.9% skin-in-the-game
- ●Steady Dividend YieldReliable 1.37% dividend yield
- ●Virtually Debt-FreeVery low Debt-to-Equity of 0.02x
- ●Positive Free Cash FlowFCF has been positive for 3 consecutive years
- ●Zero Pledge RiskNo recent active promoter pledging found
Red Flags
- ●FII SellingFII holding decreased by 1.79% QoQ
Latest ICRA News
What changed recently?
Recent events, corporate actions, and announcements.
ICRA Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for ICRA Limited, framed against the sector median so the premium or discount is obvious at a glance.
ICRA Limited trades at a P/E of 24.69× and P/B of 4.08×, against the Financial Services sector median P/E of 39.35×.
Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.
Valuation
Profitability
Growth
Financial Health
ICRA Limited technical analysis: indicators, pivots and CPR.
Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for ICRA Limited — derived from the latest tape, not yesterday's close.
ICRA Limited last traded at ₹5,106.5 with an intraday range of ₹4,960–₹5,173.7 — latest indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Last: ₹5106.50| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 5627.53 | +521.03 | +10.20% |
| R3 | 5413.83 | +307.33 | +6.02% |
| R2 | 5293.77 | +187.27 | +3.67% |
| R1 | 5200.13 | +93.63 | +1.83% |
| PIVOT | 5080.07 | -26.43 | -0.52% |
| CURRENT | 5106.50 | — | — |
| S1 | 4986.43 | -120.07 | -2.35% |
| S2 | 4866.37 | -240.13 | -4.70% |
| S3 | 4772.73 | -333.77 | -6.54% |
| S4 | 4559.03 | -547.47 | -10.72% |
ICRA is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: ₹4971–₹5012.8
Trading Above opening range, showing Bullishness
ICRA Limited financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for ICRA Limited — consolidated or standalone — with margins, YoY growth and key ratios inline.
ICRA Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹4,917.54 Cr. and reported EPS of ₹202.68.
| Metric | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue from Operations | 498 | 600 ▲ 20.4% |
| Sales Growth YoY %Derived | 11.64% | 20.38% |
| Other Income | 77 | 75 ▼ 3.1% |
| Total Income | 575 | 675 ▲ 17.2% |
| Gross ProfitDerived | 498 | 600 ▲ 20.4% |
| Gross Margin %Derived | 100.00% | 100.00% |
| 320 | 384 ▲ 20.1% | |
| EBITDA (Operating Profit)Derived | 178 | 215 ▲ 21.0% |
| OPM %Derived | 35.69% | 35.87% |
| 21 | 26 ▲ 21.6% | |
| Profit Before Tax (PBT) | 234 | 250 ▲ 7.0% |
| 63 | 68 ▲ 8.2% | |
| Effective Tax %Derived | 26.83% | 27.12% |
| Total Profit for Period | 171 | 183 ▲ 6.6% |
| Less: Non-controlling Interests | 1 | 1 ▼ 14.9% |
| Net Profit (Owner's PAT)Derived | 170 | 182 ▲ 6.8% |
| Net Profit Margin %Derived | 34.14% | 30.28% |
| PAT Growth YoY %Derived | 11.67% | 6.77% |
| Earnings Per Share (EPS ₹) | 176.15 | 188.07 ▲ 6.8% |
| Diluted Shares Outstanding (Cr) | 1 | 1 ▲ 0.0% |
| Other Comprehensive Income (Net of Tax) | -1 | -0 ▲ 87.3% |
| Total Expenses (incl. D&A & Interest) | 341 | 424 ▲ 24.2% |
| Material Cost % of RevenueDerived | — | — |
| Employee Cost % of RevenueDerived | 52.43% | 51.73% |
| Other Cost % of RevenueDerived | 11.87% | 12.40% |
| Interest Coverage (x)Derived | 33.59x | 42.20x |
| Period | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 309 | 328 ▲ 6.2% | 321 ▼ 2.1% | 301 ▼ 6.2% | 343 ▲ 13.9% | 403 ▲ 17.6% | 446 ▲ 10.6% | 498 ▲ 11.6% | 600 ▲ 20.4% | |
| Sales Growth YoY %Derived | — | 6.21% | -2.13% | -6.24% | 13.87% | 17.63% | 10.64% | 11.64% | 20.38% | |
| Other Income | 49 | 45 ▼ 9.2% | 48 ▲ 7.1% | 43 ▼ 10.7% | 41 ▼ 4.6% | 50 ▲ 21.2% | 75 ▲ 51.3% | 77 ▲ 3.3% | 75 ▼ 3.1% | |
| Total Income | 358 | 373 ▲ 4.1% | 369 ▼ 1.0% | 344 ▼ 6.8% | 384 ▲ 11.6% | 453 ▲ 18.0% | 521 ▲ 15.1% | 575 ▲ 10.4% | 675 ▲ 17.2% | |
| Gross ProfitDerived | 309 | 328 ▲ 6.2% | 321 ▼ 2.1% | 301 ▼ 6.2% | 343 ▲ 13.9% | 403 ▲ 17.6% | 446 ▲ 10.6% | 498 ▲ 11.6% | 600 ▲ 20.4% | |
| Gross Margin %Derived | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | |
194 | 215 ▲ 10.8% | 225 ▲ 4.9% | 220 ▼ 2.4% | 222 ▲ 1.0% | 260 ▲ 17.1% | 297 ▲ 14.2% | 320 ▲ 7.7% | 384 ▲ 20.1% | ||
| EBITDA (Operating Profit)Derived | 115 | 113 ▼ 1.5% | 96 ▼ 15.5% | 81 ▼ 15.3% | 121 ▲ 48.6% | 143 ▲ 18.5% | 149 ▲ 4.1% | 178 ▲ 19.5% | 215 ▲ 21.0% | |
| OPM %Derived | 37.26% | 34.56% | 29.85% | 26.95% | 35.18% | 35.44% | 33.35% | 35.69% | 35.87% | |
8 | 6 ▼ 19.7% | 12 ▲ 101.2% | 12 ▼ 2.9% | 9 ▼ 21.7% | 11 ▲ 19.9% | 24 ▲ 112.4% | 21 ▼ 11.2% | 26 ▲ 21.6% | ||
| Profit Before Tax (PBT) | 157 | 152 ▼ 3.0% | 131 ▼ 13.5% | 112 ▼ 14.8% | 152 ▲ 35.8% | 181 ▲ 19.2% | 200 ▲ 10.3% | 234 ▲ 17.1% | 250 ▲ 7.0% | |
56 | 47 ▼ 14.7% | 34 ▼ 27.9% | 29 ▼ 14.4% | 39 ▲ 31.5% | 44 ▲ 15.4% | 48 ▲ 7.0% | 63 ▲ 31.8% | 68 ▲ 8.2% | ||
| Effective Tax %Derived | 35.47% | 31.21% | 26.04% | 26.18% | 25.35% | 24.55% | 23.83% | 26.83% | 27.12% | |
| Total Profit for Period | 101 | 105 ▲ 3.4% | 97 ▼ 7.0% | 83 ▼ 15.0% | 114 ▲ 37.3% | 137 ▲ 20.4% | 152 ▲ 11.3% | 171 ▲ 12.5% | 183 ▲ 6.6% | |
| Less: Non-controlling Interests | — | 1 | 1 ▲ 95.9% | 1 ▼ 3.7% | 1 ▲ 21.4% | — ▼ 100.0% | — | 1 | 1 ▼ 14.9% | |
| Net Profit (Owner's PAT)Derived | 101 | 104 ▲ 2.8% | 96 ▼ 7.6% | 82 ▼ 15.1% | 112 ▲ 37.5% | 137 ▲ 21.8% | 152 ▲ 11.3% | 170 ▲ 11.7% | 182 ▲ 6.8% | |
| Net Profit Margin %Derived | 32.76% | 31.71% | 29.95% | 27.12% | 32.76% | 33.91% | 34.13% | 34.14% | 30.28% | |
| PAT Growth YoY %Derived | — | 2.82% | -7.56% | -15.09% | 37.51% | 21.76% | 11.35% | 11.67% | 6.77% | |
| Earnings Per Share (EPS ₹) | 102.17 | 107.80 ▲ 5.5% | 99.65 ▼ 7.6% | 84.61 ▼ 15.1% | 116.35 ▲ 37.5% | 141.67 ▲ 21.8% | 157.74 ▲ 11.3% | 176.15 ▲ 11.7% | 188.07 ▲ 6.8% | |
| Diluted Shares Outstanding (Cr) | 1 | 1 ▼ 2.5% | 1 ▲ 0.0% | 1 ▲ 0.0% | 1 ▲ 0.0% | 1 ▲ 0.0% | 1 ▲ 0.0% | 1 ▲ 0.0% | 1 ▲ 0.0% | |
| Other Comprehensive Income (Net of Tax) | 0 | -0 ▼ 433300.0% | -1 ▼ 44.3% | 0 ▲ 102.8% | -0 ▼ 2291.9% | -2 ▼ 331.9% | -1 ▲ 8.5% | -1 ▲ 57.1% | -0 ▲ 87.3% | |
| Total Expenses (incl. D&A & Interest) | 201 | 221 ▲ 9.6% | 238 ▲ 7.6% | 232 ▼ 2.4% | 232 ▼ 0.1% | 272 ▲ 17.3% | 321 ▲ 18.3% | 341 ▲ 6.3% | 424 ▲ 24.2% | |
| Material Cost % of RevenueDerived | — | — | — | — | — | — | — | — | — | |
| Employee Cost % of RevenueDerived | 46.15% | 48.88% | 50.35% | 57.03% | 52.29% | 51.47% | 53.88% | 52.43% | 51.73% | |
| Other Cost % of RevenueDerived | 16.59% | 16.56% | 19.80% | 16.02% | 12.54% | 13.08% | 12.77% | 11.87% | 12.40% | |
| Interest Coverage (x)Derived | 1,038.15x | 212.52x | 41.84x | 34.62x | 72.23x | 94.21x | 13.00x | 33.59x | 42.20x |
ICRA segment analysis : revenue and profit mix.
Disclosed business segments at ICRA with their share of revenue and profit, switchable between consolidated and standalone reporting.
ICRA discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for ICRA Limited.
Our AI distills the core fundamental drivers supporting ICRA Limited, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
ICRA Limited's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Latest quarterly EPS grew 32.2% YoY, signaling robust earnings momentum despite modest revenue growth.
TTM EPS grew 32.3% YoY, demonstrating strong profitability expansion and earnings quality.
Virtually debt-free with D/E ratio 0.0002, providing exceptional financial flexibility and zero refinancing risk.
Operating margin 31.15% TTM reflects strong pricing power, cost discipline, and operational efficiency.
Promoter holding 51.86% ensures stable long-term strategic alignment and governance continuity.
Key Risks.
P/E ratio 27.87x elevated versus forward P/E 20.20x, suggesting significant valuation compression risk.
TTM revenue growth 4.1% indicates modest top-line expansion relative to 32.3% earnings growth.
Net profit margin 31.62% TTM trails peer CARE's 36.2%, revealing profitability gap versus competitor.
Quarterly operating margin 35.90% lags peer CARE's 38.7%, indicating competitive margin pressure.
FII holdings eased from 8.59% to 6.87%, signaling foreign investor caution and reduced confidence.
Flip Conditions.
Valuation risk. a P/E above 32 (~0.8× the sector multiple of 39.4) would leave less room for earnings disappointment.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Return-quality risk. ROE below 12% would indicate weaker capital compounding.
Income thesis breaks if the dividend is cut or yield falls below 0.69%.
ICRA Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — ICRA Limited is highlighted for quick read-across.
Quick Compare
Peer Comparison
ICRA Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for ICRA Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
ICRA Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for ICRA Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in ICRA Limited stood at 56.0% of traded volume, against a 20-day average of 62.6%.
ICRA announcements: results, concalls, ratings, M&A.
Filings ICRA sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
ICRA files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 127 documents below.
Analysts/Institutional Investor Meet/Con. Call Updates
ICRA Limited has informed the Exchange about Schedule of meet
Copy of Newspaper Publication
ICRA Limited has informed the Exchange about Copy of Newspaper Publication
Analysts/Institutional Investor Meet/Con. Call Updates
ICRA Limited has informed the Exchange about Schedule of meet
Analysts/Institutional Investor Meet/Con. Call Updates
ICRA Limited has informed the Exchange about Schedule of meet
Copy of Newspaper Publication
ICRA Limited has informed the Exchange about Copy of Newspaper Publication
Investor decks & rating reports.
ICRA dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue ICRA has declared, sequenced by announce and record date.
ICRA corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About ICRA Limited: business, sector, key facts.
What ICRA Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
ICRA Limited operates in the Ratings industry under the Financial Services sector, listed as NSE: ICRA, BSE: 532835.
ICRA Limited is a leading independent and professional investment information and credit rating agency with a global reach, primarily operating in India. The company's core business centers around providing comprehensive credit rating and related financial services to a wide range of clients.
Its operations are structured into four key segments: Rating, Research and Other Services; Consulting Services; Knowledge Services; and Market Services. These segments offer a diverse portfolio of services designed to meet the diverse needs of businesses, investors, and government entities.
A significant portion of ICRA's business involves providing credit ratings for corporate debt. This includes assessing the creditworthiness of various issuers, encompassing manufacturing, service, non-banking finance, and infrastructure companies, as well as banks, financial institutions, and even government bodies at various levels (state and local). The ratings cover a wide array of debt instruments, including term loans, debentures, public deposits, and more.
Beyond corporate debt, ICRA offers structured finance ratings, meticulously evaluating the risks associated with complex financial instruments like asset-backed securitizations and collateralized debt obligations. The agency also plays a crucial role in the infrastructure sector, providing ratings for debt programs in power, roads, telecommunications, and other infrastructure-related projects. Their services extend to a broader spectrum of asset classes, including mutual funds and infrastructure investment trusts.
Further strengthening its value proposition, ICRA offers detailed credit perspectives encompassing in-depth analyses, including key rating considerations, sensitivity factors, rationales, company profiles, business and financial updates, and future outlooks. This provides clients with a comprehensive understanding of the creditworthiness and associated risks. In addition to rating services, the company provides consulting services, knowledge process outsourcing (KPO), and financial information products and services, demonstrating a commitment to a holistic approach to financial advisory.
Related
Peers, sector trends, screeners and strategy playbooks contextual to this stock.
Questions investors ask about ICRA Limited (ICRA).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of ICRA Limited (ICRA)?
The current share price of ICRA Limited (ICRA) is ₹5,106.50. Today, the stock has gained by ₹139.30 (2.8%), trading in a range of ₹4,960.00 to ₹5,173.70. The stock opened at ₹4,998.00 with a trading volume of 50,385 shares.
02Is ICRA Limited stock a good investment for long-term?
ICRA Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹4,917.54 Cr., P/E ratio of 24.69, ROE of 16.7%, and ROCE of 23%. The dividend yield stands at 1.37%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of ICRA Limited stock?
The 52-week high price of ICRA Limited (ICRA) is ₹6,982.00, while the 52-week low is ₹4,692.00. Currently trading at ₹5,106.50, the stock is 8.83% above its 52-week low and 26.86% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy ICRA Limited stock at the current price?
Whether to buy ICRA Limited stock at ₹5,106.50 depends on multiple factors. The stock is currently trading with a P/E ratio of 24.69 and P/B ratio of 4.08. Today's performance shows a gain of 2.8%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of ICRA Limited and when is the next dividend?
ICRA Limited offers a dividend yield of 1.37%, which means for every ₹100 invested at the current price of ₹5,106.50, you can expect to receive approximately ₹1.37 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of ICRA Limited?
ICRA Limited's key financial metrics include: P/E Ratio: 24.69, P/B Ratio: 4.08, ROE: 16.7%, ROCE: 23%, Dividend Yield: 1.37%, EPS: ₹202.68, Book Value: ₹1,226.87, and Debt-to-Equity: 0.02. The company's market cap stands at ₹4,917.54 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is ICRA Limited stock performing today in the market?
ICRA Limited stock opened at ₹4,998.00 and is currently trading at ₹5,106.50, showing a gain of ₹139.30 (2.8%). The intraday high is ₹5,173.70 and low is ₹4,960.00. The trading volume stands at 50,385 shares, indicating moderate market participation today.
08What is the P/E ratio of ICRA Limited and what does it indicate?
ICRA Limited has a Price-to-Earnings (P/E) ratio of 24.69, which means investors are willing to pay 24.69 for every ₹1 of earnings. With an EPS of ₹202.68, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about ICRA Limited (ICRA) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.