1. Is ICRA Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that ICRA Ltd is a good quality company.
2. Is ICRA Ltd undervalued or overvalued?
The key valuation ratios of ICRA Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is ICRA Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of ICRA Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||15.5%||15.5%||15.7%||13.1%||15.1%||17.4%||14.4%||16.1%||14.4%||11.3%||-|
|Value Creation Index ⓘ||0.1||0.1||0.1||-0.1||0.1||0.2||0.0||0.2||0.0||-0.2||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||21.2%||12.6%||13.8%||6%||-2.4%||-7.3%||6.2%||-2.1%||-6.2%||-|
|Adj EPS ⓘ||43.3||50.2||58.3||53.8||68.8||90.3||87.4||108.4||99.3||84.3||116.4|
|YoY Gr. Rt. %||-||15.7%||16.2%||-7.6%||27.9%||31.2%||-3.2%||24.1%||-8.4%||-15.1%||-|
|BVPS (₹) ⓘ||285.5||325.7||380.7||423.1||471.5||552.2||660.4||664||727||785.1||874.1|
|Adj Net Profit ⓘ||43.3||50.2||58.3||53.8||68.8||89.4||86.5||105||95.8||81.4||112|
|Cash Flow from Ops. ⓘ||39.2||24||99.7||67||71.2||63.4||61.9||80.9||21.3||76.4||-|
|Debt/CF from Ops. ⓘ||0||0||0.2||0.2||0||0||0||0||0||0||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||7.7%||4.2%||-1.2%||-15.1%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||15.5||15.7||16||13.2||15.2||17.5||14.4||16.2||14.3||11.2||14|
|Op. Profit Mgn % ⓘ||30.2||23.8||30.3||27.2||29.7||30.8||37.3||34.4||29.9||27.1||35.2|
|Net Profit Mgn % ⓘ||20.8||19.8||20.6||16.8||20.2||26.9||28.2||32.1||30.2||27.4||32.8|
|Debt to Equity ⓘ||0||0||0||0||0||0||0||0||0||0||0|
|Working Cap Days ⓘ||118||121||124||116||122||122||158||168||166||252||419|
|Cash Conv. Cycle ⓘ||53||52||49||44||40||28||26||23||27||42||308|
Return on Equity has increased versus last 3 years average to 14.00%
Sales growth is good in last 4 quarters at 13.90%
Sales growth has been subdued in last 3 years -0.85%
Net Profit has been subdued in last 3 years -1.18%
|TTM EPS (₹)||76||116.4|
|TTM Sales (₹ Cr.)||195||343|
|BVPS (₹.) ⓘ||688.8||874.1|
|Reserves (₹ Cr.) ⓘ||655||834|
|From the Market|
|52 Week Low / High (₹)||3055.65 / 4511.00|
|All Time Low / High (₹)||320.00 / 4992.85|
|Market Cap (₹ Cr.)||3,910|
|Equity (₹ Cr.)||9.7|
|Face Value (₹)||10|
|Industry PE ⓘ||58.5|
ICRA was established in 1991 by leading financial or investment institutions, commercial banks and financial services companies. It was formerly known as Investment Information and Credit Rating Agency of India. The Public Limited Company has its shares listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The international Credit Rating Agency Moodyâ€™s Investors Service is ICRAâ€™s largest shareholder. The participation of Moodyâ€™s is supported by a Technical Services Agreement, which entails Moodyâ€™s providing certain high-value technical services to ICRA.
The agreement is aimed at benefiting ICRAâ€™s in-house research capabilities, and providing it with access to Moodyâ€™s global research base. Today, ICRA and its subsidiaries together form the ICRA Group of Companies (Group ICRA).
ICRA provides information and guidance to institutional and individual investors/creditors, enhances the ability of borrowers/issuers to access the money market and the capital market for tapping a larger volume of resources from a wider range of the investing public, assists regulators in promoting transparency in the financial markets and provides intermediaries with a tool to improve efficiency in the funds raising process.
The company has dedicated teams for Monetary, Fiscal, Industry and Sector research, and a panel of advisors to enhance its in-house capabilities. Its research base enables the company to maintain highest standards of quality and credibility.
a) Rating Services -
As an early entrant in the Credit Rating business, ICRA is one of the most experienced Credit Rating Agencies in the country today. ICRA rates rupee denominated debt instruments issued by manufacturing companies, commercial banks, non-banking finance companies, financial institutions, public sector undertakings and municipalities, among others.
It also rates structured obligations and sector-specific debt obligations such as instruments issued by Power, Telecom and Infrastructure companies. The other services offered include Corporate Governance Rating, Stakeholder Value and Governance Rating, Credit Risk Rating of Debt Mutual Funds, Rating of Claims Paying Ability of Insurance Companies, Project Finance Rating, and Line of Credit Rating. ICRA, along with National Small Industries Corporation (NSIC), had launched a Performance and Credit Rating Scheme for Small Scale Enterprises in
b) Grading Services -
The Grading Services offered by ICRA employ pioneering concepts and methodologies, and include grading of: Construction Entities; Real Estate Developers and Projects; Healthcare Entities; Maritime Training Institutes; and Initial Public Offers (IPOs).
The Grading of Construction Entities seeks to provide an independent opinion on the quality of performance of the entities graded. Similarly, the grading of real estate developers and projects seeks to make property buyers aware of the risks associated with real estate projects and with the developerâ€™s ability to deliver in accordance with the terms agreed. ICRAâ€™s Healthcare Gradings present an independent opinion on the quality of care provided by healthcare entities. In the education sector, ICRA offers the innovative service of Grading of Maritime Training Institutes in
c) Information Services -
The Information Services Division focuses on providing authentic data and value-added products used by intermediaries, financial institutions, banks, asset managers, institutional and individual investors, and others. The division's portfolio of products includes sector/industry-specific studies/publications and mandate-based studies (customized research).