What the business is, and whether it's a good one at a fair price.
Provides credit ratings and risk analytics services to Indian and overseas clients, organised into two reporting segments. Ratings and ancillary services generated ₹336.45 crore (55.9% of segment revenue) in FY26, EBIT of ₹124.19 crore, and covers corporate, bank, and structured finance rating assignments, with FY26 activity showing 388 upgrades against 124 downgrades (a credit ratio of 3.1x). Research and analytics generated ₹265.81 crore (44.1% of segment revenue), EBIT of ₹59.77 crore, and has been restructured into BankTech, CapTech and KnowTech sub-units, supplying risk modelling, data infrastructure, regulatory and compliance solutions to banks and financial institutions; this segment's growth was lifted by the consolidation of Fintellix from October 2025. The wider group includes ICRA Analytics, ICRA Fintellix, D2K Technologies, ICRA ESG Ratings and ICRA Nepal, with a freshly unified brand identity covering credit ratings, analytics, research, advisory and ESG services. Employee cost is the dominant expense at 51.7% of revenue, with other operating expenses at 12.4% and depreciation at 4.7%, reflecting an asset-light, professional-services model. Roughly one-third of revenue (~USD 18 million) is dollar-denominated against a rupee cost base, and the company operates 18 national and 3 international offices with 1,212 employees.
Measured from the filed financials, judged against its Capital Markets peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from ICRA LIMITED's filed financials and exchange disclosures
ICRA LIMITED is a Capital Markets company listed on NSE and BSE, trading under the symbol ICRA.
Yes. Over the trailing twelve months ICRA LIMITED reported a net profit of ₹196 Cr on revenue of ₹638 Cr.
Yes. The dividend yield is 1.29% at the current price. It paid out 32% of its profit as dividend in FY26.
Effectively yes. It holds ₹29 Cr more cash than debt. Debt stands at 0.00× equity.
On trailing P/E, ICRA LIMITED ranks 35 of 62 in Capital Markets — cheaper than 44% of them, against an industry median of 20.3×. This is a position, not a valuation judgement.
On a typical session ICRA LIMITED moves 0.81% — that is the median absolute close-to-close move across its last 268 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by ICRA LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
