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INVESTMENT INSIGHTS

Check Before You Invest : ICRA Ltd

BSE: 532835 NSE: ICRA ISIN: INE725G01011
  |   Sector:  BFSI   |   Industry:  Ratings

Snapshot

Q.1 Which industry/sub-sector does ICRA Ltd belong to?
ICRA Ltd belongs to the BFSI sector, operating specifically within the Ratings segment.
Q.2 Is ICRA Ltd a good quality company?
ICRA Ltd is a good quality company, based on a consistently good 10 year financial track record.
Q.3 Is ICRA Ltd undervalued or overvalued?
ICRA Ltd appears Somewhat Undervalued, as its key valuation ratios are below with their past averages.
Q.4 Is ICRA Ltd a good buy now?
ICRA Ltd is a neutral opportunity now, based on stable price trend analysis suggesting prices may move sideways. However, you need to check its quality and valuation before making a decision

Performance Analysis

Q.1 Revenue growth of ICRA Ltd?
ICRA Ltd revenue growth is 11.6% for FY-2025 , which is above its 5 year CAGR of 9.2% , indicating faster growth.
Q.2 Gross Profit margin of ICRA Ltd?
ICRA Ltd Gross profit margin which is the profit after deduction of direct costs, is 50.3% for FY-2025 , which is above its 5 year median of 47.4% , indicating increasing margins.
Q.3 Operating Profit Margin of ICRA Ltd?
ICRA Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 35.71% for FY-2025 , which is above its 5 year median of 35.21% indicating increasing margins.
Q.4 Net Profit Margin of ICRA Ltd?
ICRA Ltd Net Profit Margin is 34.38% for FY-2025 , is above with its 5 year median of 33.91%, indicating increasing margins.
Current Level Historic Median
Gross Profit Margin 50.3 47.4
Operating Profit Margin 35.71 35.21
Net Profit Margin 34.38 33.91
Q.5 Return on Asset of ICRA Ltd?
ICRA Ltd Return on Asset is 13.83%, which is above its 5 year historical median of 13.2%, indicating improved asset utilization efficiency.
Q.6 Return on Equity (ROE) of ICRA Ltd?
ICRA Ltd Return on equity is 16.92% for FY-2025 , which is above its historical median of 15.24%, indicating the business is making better use of its shareholders capital.
Q.7 Return on capital employed (ROCE) of ICRA Ltd?
ICRA Ltd Return on capital employed is 23.49% for FY-2025 , which is above its estimated weighted average cost of capital(WACC) 13.5%, indicating value creation.
Q.8 Cash conversion cycle of ICRA Ltd?
ICRA Ltd Cash conversion cycle is 26 days, above its historical median of 26 days, indicating deteriorated working capital management. However, you need to compare this with its peers in the industry.
Current Level Historic Median
Asset Turnover 0.4 0.39
ROE 16.92 15.24
ROCE 23.49 20.36
Cash Conversion Cycle 26 days 26 days
Q.9 Debt to Equity ratio of ICRA Ltd?
ICRA Ltd Debt-to-Equity ratio is 0.00 , which is in line with the industry average of 0 , indicating similar to debt levels in the industry.
Q.10 Debt to cash flow from operations of ICRA Ltd?
ICRA Ltd Debt to cash flow from operations is 0.01 , which is at a healthy level.

Ownership & governance

Q.1 Promoter shareholding and pledge status of ICRA Ltd?
Promoters hold 51.87% of the ICRA Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

Q.1 Revenue growth of ICRA Ltd vs industry peers?
ICRA Ltd revenue CAGR is 9.18% , compared to the industry median CAGR of 10.55% , indicating slower growth and losing its market share.
Profit Metrics
Current Level Industry Median
Revenue 498 403.2
Gross Profit 250.5 191
Operating Profit 178 143
Net Profit 171 137
Operating Efficiency
Current Level Industry Median
Asset Turnover 0.4 0.39
ROE 16.92 15.24
ROCE 23.49 21.26
Cash Conversion Cycle (days) 25.64 26

Valuation & price assessment

Q.1 Stock return of ICRA Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 3.3% based on the current price.
Q.2 What return has the stock given over the last decade?
9Y 5Y 3Y 1Y
Share Price 3.3% 10.6% 4.8% -2.4%
Q.3 Valuation ratios of ICRA Ltd vs historical?
The current P/E is higher that its historical median.
Q.4 How do the current valuation ratios measure up against the historic numbers and the current industry numbers?
Valuation Ratios Current Historic Median Industry Median
Price to Earnings 28.38 27.46 40.03
Price to Book 4.66 0.00 5.47
Price to Sales 9.35 8.21 9.88
EV to EBITDA 17.69 14.94 22.96

Check more companies

1. CRISIL
2. ICRA
3. Care Ratings
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