ICRA Limited

BSE: ICRA532835ISIN INE725G01011

Financial Services
Ratings
BSE 1000

BSE listing

Share price

₹4,553.30-29.65 (-0.65%)

as of 18 Sep 2026

52W high: ₹6,981.95
52W low: ₹4,531.00
Off 52W high: -34.78%
1M return: -6.87%
3M return: -14.35%
6M return: -11.78%
1Y return: -30.54%
20D avg volume: 941
50 DMA: ₹4,970.43
200 DMA: ₹5,451.16

Key ratios Consolidated

Market cap: ₹4,394 Cr
Current price: ₹4,553.30
52W high / low: ₹6,981.95 / ₹4,531.00
Face value: ₹10.00
P/E: 22.39
P/B: —
EPS (TTM): ₹203.32
Book value / share: —
ROE: —
ROCE: 20.50%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-29.09 Cr
Interest cover: 57.53
Dividend yield: 2.31%
Dividend / share (TTM): ₹105.00
Payout: 51.64%
Cash conversion cycle: 39.3 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	163.37	174.85	163.59	136.58	124.49	136.21	—
	27.63	14.18	15.57	20.91	24.36	20.62	—
	119.26	116.24	117.33	93.12	90.48	82.78	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	87.26	84.27	83.64	72.49	69.71	61.14	—
	0.45	0.94	0.98	0.87	1.65	1.24	—
	10.54	10.00	9.96	4.21	4.09	4.48	—
	21.01	21.02	22.76	15.56	15.03	15.92	—
	71.73	72.80	61.83	64.37	58.37	74.06	—
	4.39	0.00	-6.92	0.00	0.00	0.00	—
	76.12	72.80	54.91	64.37	58.37	74.06	—
	19.66	20.11	15.85	16.35	15.61	18.07	—
	56.46	52.69	39.06	48.02	42.76	55.99	—
	58.36	54.50	40.34	49.68	44.11	57.94	—
Key metrics
	87.11	83.74	65.85	69.45	64.11	79.78	—
	53.30%	47.90%	40.30%	50.80%	51.50%	58.60%	—
	34.60%	30.10%	23.90%	35.20%	34.30%	41.10%	—
	—	5.90%	—	5.60%	—	6.70%	—
	31.20%	28.40%	—	—	—	—	—
	32.00%	-5.90%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	638.39	599.51	498.02	—
	78.29	75.02	77.41	—
	445.95	417.17	341.46	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	327.66	310.12	261.13	—
	3.24	4.43	4.80	—
	34.71	28.26	16.39	—
	80.35	74.37	59.14	—
	270.73	257.36	233.97	—
	-2.53	-6.92	0.00	—
	268.20	250.45	233.97	—
	71.97	67.91	62.77	—
	196.23	182.53	171.20	—
	202.88	188.63	176.73	—
Key metrics
	306.15	283.14	255.16	—
	47.96%	47.20%	51.20%	—
	30.74%	30.40%	34.40%	—
	—	20.50%	21.40%	—
	—	20.40%	—	—
	—	6.60%	—	—
	—	144.77	132.48	—
	—	0.86	0.85	—
	—	0.00	0.00	—
	—	-29.09	-33.96	—
	—	39.3	28.2	—
Balance sheet
	—	1,486	1,294	—
	—	928.68	1,128	—
	—	29.72	35.12	—
	—	78.41	47.59	—
	—	0.00	0.00	—
	—	28.15	21.66	—
	—	45.92	40.44	—
	—	13.81	9.11	—
	—	244.34	177.10	—
	—	0.63	1.16	—
	—	0.25	0.53	—
	—	0.38	0.63	—
	—	1,185	1,058	—
Cash flow
	—	157.26	144.89	—
	—	-95.49	-16.89	—
	—	-66.91	-103.13	—
	—	12.49	12.41	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	81.79	89.40	84.57	82.06	72.20	80.62	—
	18.25	11.90	14.47	15.90	22.18	19.63	—
	56.70	52.29	56.07	56.16	54.72	47.11	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	42.47	38.52	40.46	42.57	39.51	35.34	—
	0.18	0.21	0.25	0.24	0.27	0.45	—
	2.17	2.37	2.37	2.17	2.07	2.18	—
	11.89	11.18	13.00	11.17	12.87	9.14	—
	43.33	49.02	42.98	41.80	39.66	53.14	—
	4.39	0.00	-2.19	0.00	0.00	0.00	—
	47.72	49.02	40.79	41.80	39.66	53.14	—
	12.63	12.62	11.53	10.89	9.51	11.09	—
	35.09	36.40	29.26	30.91	30.15	42.05	—
	36.46	37.82	30.41	32.11	31.34	43.71	—
Key metrics
	50.07	51.60	43.41	44.21	42.00	55.77	—
	61.20%	57.70%	51.30%	53.90%	58.20%	69.20%	—
	42.90%	40.70%	34.60%	37.70%	41.80%	52.20%	—
	—	5.50%	—	5.10%	—	6.50%	—
	13.30%	10.90%	—	—	—	—	—
	16.40%	-13.40%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	337.82	328.24	286.73	—
	60.52	64.45	102.05	—
	221.22	219.23	199.82	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	164.02	161.07	149.57	—
	0.88	0.97	1.72	—
	9.08	8.98	7.92	—
	47.24	48.22	40.61	—
	177.13	173.46	188.96	—
	2.20	-2.19	0.00	—
	179.33	171.26	188.96	—
	47.67	44.55	40.76	—
	131.66	126.71	148.19	—
	136.80	131.68	154.05	—
Key metrics
	189.29	181.21	198.60	—
	56.03%	55.20%	69.30%	—
	38.97%	38.60%	51.70%	—
	—	19.20%	23.30%	—
	—	14.50%	—	—
	—	-14.50%	—	—
	—	95.31	87.41	—
	—	0.81	0.63	—
	—	0.00	0.00	—
	—	-11.49	-4.78	—
	—	23.5	27.4	—
Balance sheet
	—	1,038	952.97	—
	—	543.53	830.81	—
	—	11.49	4.78	—
	—	28.22	26.45	—
	—	0.00	0.00	—
	—	10.24	11.14	—
	—	17.85	19.86	—
	—	7.06	4.92	—
	—	140.47	133.30	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	885.11	804.37	—
Cash flow
	—	102.18	93.74	—
	—	-32.52	10.14	—
	—	-62.94	-101.28	—
	—	6.87	6.33	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Filings & corporate actions

Recent announcements

Intimation of Schedule of Analyst/Institutional Investor Meeting17 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst/Institutional Investor Meeting16 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst/Institutional Investor Meetings27 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst/Institutional Investor Meetings21 Aug 2026 · Company Update / Analyst / Investor Meet
Notice to the shareholders regarding a special window for transfer and dematerialisation of physical securities20 Aug 2026 · Company Update / Newspaper Publication
Intimation of schedule of investor meetings7 Aug 2026 · Company Update / Analyst / Investor Meet
Schedule of analyst/institutional investor meetings31 Jul 2026 · Company Update / Analyst / Investor Meet
Newspaper publication31 Jul 2026 · Company Update / Newspaper Publication
Voting results and scrutinizer''s report30 Jul 2026 · AGM/EGM / AGM
Investor presentation30 Jul 2026 · Company Update / Investor Presentation
Proceedings of the 35th Annual General Meeting of ICRA Limited held on July 30, 202630 Jul 2026 · AGM/EGM / AGM
Press release30 Jul 2026 · Company Update / Press Release / Media Release
Press release30 Jul 2026 · Company Update / Press Release / Media Release
Unaudited financial results30 Jul 2026 · Result / Financial Results
Outcome of the Board meeting30 Jul 2026 · Board Meeting / Outcome of Board Meeting
Update on acquisition of Fintellix India Private Limited28 Jul 2026 · Company Update / Acquisition
Certificate under regulation 74(5) of SEBI (DP) Regulations, 201811 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
ICRA Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/07/2026 ,inter alia, to consider and approve unaudited financial results8 Jul 2026 · Board Meeting / Board Meeting
Newspaper publication4 Jul 2026 · Company Update / Newspaper Publication
Intimation3 Jul 2026 · Company Update / General
AGM on July 30, 20263 Jul 2026 · AGM/EGM / AGM
Annual report 2025-263 Jul 2026 · Others / Reg. 34 (1) Annual Report
Deed of modification1 Jul 2026 · Company Update / General
Newspaper publication30 Jun 2026 · Company Update / Newspaper Publication
Updates on acquisition29 Jun 2026 · Company Update / Acquisition
Closure of trading window23 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Notice for transfer of equity shares to the IEPF Authority23 Jun 2026 · Company Update / Newspaper Publication
Newspaper publication17 Jun 2026 · Company Update / Newspaper Publication
Intimation of Schedule of Analyst/Institutional Investor Meetings12 Jun 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst/Institutional Investor Meeting(s)5 Jun 2026 · Company Update / Analyst / Investor Meet
Transcript29 May 2026 · Company Update / Analyst / Investor Meet
Earnings call''s audio recording25 May 2026 · Company Update / Analyst / Investor Meet
Annual secretarial compliance report25 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Investor''s call25 May 2026 · Company Update / Analyst / Investor Meet
Investor presentation22 May 2026 · Company Update / Investor Presentation
Newspaper publication22 May 2026 · Company Update / Newspaper Publication
Audited financial results for the quarter and year ended March 31, 202621 May 2026 · Result / Financial Results
Press release21 May 2026 · Company Update / Press Release / Media Release
Date of annual general meeting21 May 2026 · Company Update / General
Record date21 May 2026 · Corp. Action / Record Date

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 70.0000	23 Jul 2026	23 Jul 2026	—
Special Dividend - Rs. - 35.0000	23 Jul 2026	23 Jul 2026	—
Final Dividend - Rs. - 60.0000	25 Jul 2025	25 Jul 2025	—
Final Dividend - Rs. - 100.0000	19 Jul 2024	—	—

Board meetings

30 Jul 2026 Board Meeting - Financial Results