ICRA
- Market cap
- ₹ 4,321 Cr.
- P/E
- 22x
- P/B
- 3.66x
- 52-week range
- 4,198.2 – 6,620
- ROE
- 17%
- ROCE
- 23%
- Dividend yield
- 1.6%
- Debt / equity
- 0.02
- Sector
- Capital Markets
- Industry
- Ratings
- Listed on
- NSE, BSE
About
ICRA Limited is an independent and professional investment information and credit rating agency. The Company, through its subsidiaries, is involved in providing ratings, research, analytics, data and software services. Its segments include Ratings & ancillary services and Research & Analytics. Its Ratings & ancillary services segment is engaged in rating, grading and industry research services. Its Research & Analytics segment includes management consulting, which includes risk management, financial advisory, outsourcing and policy advisory; knowledge process outsourcing (KPO) services, and financial information products and services. Its research services span across 60 industries. It provides digital tools, research, risk advisory, market data, and analytical support to aid in risk assessment and management for lending and investment decision-making. Its subsidiaries include ICRA Analytics Limited, D2K Technologies India Private Limited and others.
Quick check
The five things to look at first. Open one for more.
Latest announcements
Exchange filings and their impact on the company.
- ICRA named Ritesh Gupta as incoming Chief Business Officer to succeed L. Shivakumar on his Dec 31, 2026 retirement.
ICRA said its board on October 8, 2026 approved appointing Ritesh Gupta as Executive Vice President & Chief Business Officer-Designate from October 12, 2026. Gupta, with nearly 27 years experience across IDFC First Bank, ANZ, Yes Bank and others, will become Chief Business Officer on January 1, 2027. The move follows superannuation of current CBO L. Shivakumar, who retires on December 31, 2026, indicating a planned handover with business continuity.
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 30 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 21 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 28 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 28 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 31 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 29 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 105 | 115 | 124 | 115 | 126 | 121 | 136 | 124 | 137 | 164 | 175 | 163 |
| Expenses | 71 | 84 | 74 | 80 | 85 | 79 | 77 | 85 | 88 | 106 | 105 | 108 |
| Operating Profit | 34 | 30 | 50 | 35 | 41 | 42 | 59 | 40 | 49 | 57 | 70 | 55 |
| OPM % | 32% | 26% | 40% | 31% | 33% | 35% | 43% | 32% | 36% | 35% | 40% | 34% |
| Other Income | 16 | 17 | 24 | 18 | 20 | 19 | 21 | 24 | 21 | 9 | 14 | 32 |
| Interest | 0 | 3 | 7 | 2 | 0 | 1 | 1 | 2 | 1 | 1 | 1 | 0 |
| Depreciation | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 10 | 10 | 11 |
| Profit before tax | 47 | 41 | 62 | 47 | 57 | 56 | 74 | 58 | 64 | 55 | 73 | 76 |
| Tax % | 32% | 20% | 24% | 24% | 35% | 24% | 24% | 27% | 25% | 29% | 28% | 26% |
| Net Profit | 32 | 32 | 47 | 36 | 37 | 42 | 56 | 43 | 48 | 39 | 53 | 56 |
| EPS in Rs | 32.92 | 33.31 | 48.56 | 36.8 | 38.05 | 43.55 | 57.75 | 43.97 | 49.54 | 40.22 | 54.35 | 58.19 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 6%
- 5 Years
- 15%
- 3 Years
- 14%
- TTM
- 26%
- 10 Years
- 10%
- 5 Years
- 18%
- 3 Years
- 11%
- TTM
- 11%
- 10 Years
- 3%
- 5 Years
- 6%
- 3 Years
- −7%
- TTM
- —
- 10 Years
- 15%
- 5 Years
- 16%
- 3 Years
- 16%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| ICRA | ₹ 4,475.00 | ₹ 4,321 Cr. | 22x | 3.7x | 17% | — |
| Swiggy | ₹ 176.70 | ₹ 48,775 Cr. | — | 3.9x | −29.1% | −18% |
| Delhivery | ₹ 370.00 | ₹ 27,724 Cr. | 223.6x | 3.8x | 1.6% | 1.5% |
| Urban Company | ₹ 132.65 | ₹ 20,457 Cr. | — | 9.1x | −11.9% | −15.1% |
| Sagility | ₹ 44.10 | ₹ 20,645 Cr. | 20.3x | 2x | 10.3% | 12.9% |
| Indegene | ₹ 570.00 | ₹ 13,763 Cr. | 29.4x | 3.9x | 13.9% | 11.4% |
Management
- Ramnath Krishnan
- Group Chief Executive Officer, Managing Director, Executive Director
- Venkatesh Viswanathan
- Group Chief Financial Officer
- Jayanta Chatterjee
- Managing Director, Chief Executive Officer - ICRA Analytics Limited
- Sheetal Sandhu
- Group HR Head
- K. Ravichandran
- Executive Vice President and Chief Rating Officer
- L. Shivakumar
- Executive Vice President, Chief Business Officer, Chief Executive Officer - ICRA ESG Ratings
- Anand Iyer
- Group Chief Technology Officer
- S. Shakeb Rahman
- Chief Compliance Officer, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.