ICRA LIMITED
Latest filings
Next results: Thu, 29 Oct · Financial Results- ICRA to discuss Q2 and H1 FY27 results on November 4 · Board & Shareholder Meetings
- Notice published in newspapers about physical shares demat window · Compliance
- ICRA board meeting set for Oct 29 to consider Q2 and H1 FY26 results · Results
Snapshot
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.
Scorecard
Measured from the filed financials, judged against its Capital Markets peers · as of FY26 — not investment advice
Strengths
Concerns
Nothing flagged in the filed numbers.Charts
How has the market priced it — with filings on the timeline?
ICRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Peers
How does it stack up on valuation, returns and growth?
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Financials
Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Ownership
Who owns it — and is the promoter stake clean?
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Common questions
Answered from ICRA LIMITED's filed financials and exchange disclosures
What does ICRA LIMITED do?
ICRA LIMITED is a Capital Markets company listed on NSE and BSE, trading under the symbol ICRA.
Is ICRA LIMITED profitable?
Yes. Over the trailing twelve months ICRA LIMITED reported a net profit of ₹196 Cr on revenue of ₹638 Cr.
Does ICRA LIMITED pay a dividend?
Yes. The dividend yield is 1.37% at the current price. It paid out 32% of its profit as dividend in FY26.
Is ICRA LIMITED debt-free?
On a net basis, yes. It reported borrowings of ₹0.63 Cr on its 31 Mar 2026 balance sheet, but holds ₹29 Cr more cash than debt.
Is ICRA LIMITED expensive compared with its peers?
On trailing P/E, ICRA LIMITED ranks 31 of 58 in Capital Markets — cheaper than 47% of them, against an industry median of 19.6×. This is a position, not a valuation judgement.
How much does the ICRA LIMITED share price move in a day?
On a typical session ICRA LIMITED moves 0.83% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.
When are ICRA LIMITED's next results?
Financial Results on Thu, 29 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.
Where can I track ICRA LIMITED's announcements?
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.