What is ICRA Ltd (ICRA) share price return in the past 10 years?

ICRA Ltd share price has appreciated 1.7% annually (CAGR) over the past ten years.

What is the share price of ICRA Ltd (ICRA)?

Company share prices are keep on changing according to the market conditions. The current trading price of ICRA Ltd (ICRA) on 04-Jun-2026 16:59:59 at 16:59 is 5063.30.

What is the P/E ratio of ICRA?

The latest standalone P/E ratio of ICRA as of 04-Jun-2026 is 38.57.

What is the P/B ratio of ICRA Ltd (ICRA)?

The latest standalone P/B ratio of ICRA Ltd (ICRA) as of 04-Jun-2026 is 5.52.

What is the 52-week high and low of ICRA Ltd (ICRA)?

The 52-week high of ICRA Ltd (ICRA) is Rs. 7135.35 and the 52-week low is Rs. 4905.15.

ICRA Ltd (ICRA) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: ICRA Ltd (ICRA)
Brand: ICRA

Key Metrics

Valuation Multiples

Market Cap

₹4,887 Cr.

Current Price

₹5,063.3

52-Week Low / High

₹4,905 / 7,135

TTM EPS

₹188.1

TTM Sales

₹600 Cr.

Book Value per Share

₹1,223.4

P/E Ratio

26.92

Lower than its 5-year historical median

Industry PE

42.6

Price to Book (P/B)

4.14

Lower than its 5-year historical median

Price to Sales (P/S)

8.15

Lower than its 5-year historical median

EV/EBITDA

16.70

Lower than its 5-year historical median

Dividend Yield

1.09%

Profitability Efficiency

Return on Equity (ROE)

16.92%

Outperforms industry median

Return on Capital Employed (ROCE)

23.49%

Outperforms industry median

Return on Assets (ROA)

13.83%

Operating Profit Margin

35.7%

Net Profit Margin

34.38%

Gross Profit Margin

50.3%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

11.64%

Operating Profit Growth (1 Year)

Improving versus 3-year growth rate

19.49%

Net Profit Growth (1 Year)

Slowing versus 3-year growth rate

12.45%

Asset Quality

Promoter Holding

51.87%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹1,171 Cr.

Equity

₹9.7 Cr.

Face Value

₹10

All Time Low / High

₹320.00 / 7700.00

ICRA stock performance

Key Ratios

Check Before You Invest

Quality

Locked

Valuation

Locked

Price Trend

Locked

Q.1 Is ICRA Ltd a good quality company?

ICRA Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does ICRA Ltd performance compare with that of its Peers?

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.

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.

Q.1 Stock return of ICRA Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 2.6% based on the current price.

DeciZen - make an informed investing decision on ICRA

Consolidated basis

1. Right Stock

2. Right Price

Price Chart

3. Right Time ⓘ

#Likely Future 5 Year CAGR.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	24.3%	25.2%	26.1%	23.5%	19.9%	15.6%	19.2%	20.4%	21.8%	23.5%	-
Value Creation Index ⓘ	0.7	0.8	0.9	0.7	0.4	0.1	0.4	0.5	0.6	0.7	-
Growth Parameters ⓘ
Sales ⓘ	266	292	309	328	321	301	343	403	446	498	600
Sales YoY Gr.	-	9.5%	5.9%	6.2%	-2.1%	-6.2%	13.9%	17.6%	10.6%	11.6%	-
Adj EPS ⓘ	65.8	89.1	96.6	108.4	99.3	84.3	112.6	138.7	152.8	171.5	188.1
YoY Gr.	-	35.3%	8.4%	12.3%	-8.4%	-15.1%	33.5%	23.2%	10.2%	12.3%	-
BVPS (₹) ⓘ	471.5	552.2	660.4	664	727	785.1	874.1	984.6	1,010.2	1,086.6	1,223.4
Adj Net Profit ⓘ	65.8	88.2	95.6	105	95.8	81.4	109	134	147	166	181
Cash Flow from Ops. ⓘ	71.2	63.4	61.9	80.9	21.3	76.4	96.7	99.3	107	145	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7.2%	9.2%	13.3%	11.6%
Adj EPS ⓘ	11.2%	11.6%	15.1%	12.3%
BVPSⓘ	9.7%	8.4%	7.5%	7.6%
Share Price	1.7%	9.6%	1.1%	-22.2%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	14.5	17.2	15.9	16.2	14.3	11.2	13.6	14.9	15.3	16.3	16.3
Op. Profit Mgn % ⓘ	35.3	34.2	37.3	34.4	29.9	27.1	35.2	35.4	33.4	35.7	35.9
Net Profit Mgn % ⓘ	24.8	30.3	31.1	32.1	30.2	27.4	32.1	33.6	33.3	33.5	30.3
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	156	140	158	168	166	252	227	128	99	98	319
Cash Conv. Cycle ⓘ	47	30	26	23	27	42	24	16	26	26	254

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	266	292	309	328	321	301	343	403	446	498
Operating Expenses ⓘ +	172	193	194	215	225	220	222	260	297	320
Manufacturing Costs	-37	-15	13	13	18	14	15	17	8	7
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	159	156	143	161	162	172	179	208	240	261
Other Costs ⓘ	51	51	38	41	46	34	28	36	49	52
Operating Profit ⓘ	94	98	115	113	96	81	121	143	149	178
Operating Profit Margin (%)	35.2%	33.7%	37.3%	34.4%	29.8%	26.9%	35.2%	35.4%	33.3%	35.7%
Other Income ⓘ +	27	40	49	45	48	43	41	50	75	77
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	0	0	0	0	2	2	2	1	10	5
Depreciation ⓘ	10	9	8	6	10	10	8	10	13	16
Profit Before Tax ⓘ	111	129	157	152	131	112	152	181	200	234
Tax ⓘ	38	42	56	46	34	29	39	44	48	63
Profit After Tax	73	88	101	106	97	83	114	137	152	171
PAT Margin (%)	27.6%	30.0%	32.8%	32.3%	30.3%	27.5%	33.1%	33.9%	34.1%	34.4%
Adjusted EPS (₹)	76.2	89.4	101.7	109.2	99.7	84.6	116.4	140.1	156.6	176.2
Dividend Payout Ratio (%)	32.80%	30.20%	29.50%	27.50%	27.10%	31.90%	24.10%	92.80%	63.90%	34.10%

Valuation of ICRA - Consolidated

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	471	547	654	641	702	758	844	950	975	1,049
Share Capital ⓘ	10	10	10	10	10	10	10	10	10	10
Reserves ⓘ	461	537	644	631	692	748	834	941	965	1,039
Debt +	0	0	0	0	0	0	0	0	2	1
Long Term Debt	0	0	0	0	0	0	0	0	1	1
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Minority Interest	1	1	1	2	3	3	4	5	4	4
Trade Payables	9	8	8	10	16	8	9	8	7	9
Others Liabilities ⓘ	140	100	104	112	119	121	117	135	196	229
Total Liabilities ⓘ	621	656	767	765	839	890	974	1,099	1,184	1,292
Fixed Assets
Net Fixed Assets ⓘ +	92	37	36	34	54	46	46	47	91	90
Gross Block	144	43	50	52	82	80	85	92	144	155
Accumulated Depreciation	52	7	14	18	28	33	40	44	53	65
CWIP ⓘ	1	1	0	1	2	3	2	1	1	4
Investments ⓘ	185	311	338	181	104	177	454	689	813	773
Inventories	0	0	0	0	0	0	0	0	0	0
Trade Receivables	48	34	41	34	57	48	26	38	51	48
Cash Equivalents	226	203	231	407	527	399	310	241	156	282
Others Assets ⓘ	70	72	121	107	95	217	136	82	72	97
Total Assets ⓘ	621	656	767	765	839	890	974	1,099	1,184	1,292

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	71	63	62	81	21	76	97	99	107	145
PBT ⓘ	118	132	157	152	131	112	152	181	200	234
Adjustment ⓘ	-6	-21	-36	-36	-34	-26	-31	-32	-51	-52
Changes in Working Capital ⓘ	3	-5	-8	7	-41	21	17	-2	9	18
Tax Paid ⓘ	-44	-43	-51	-42	-35	-30	-41	-48	-51	-55
Cash Flow From Investing Activity ⓘ +	-41	10	-54	45	11	-32	-72	-77	27	-17
Capex	-10	-3	1	-0	-4	-2	-5	-9	-7	-12
Net Investments	-41	14	-80	23	-20	-78	-90	-156	-90	-19
Others ⓘ	10	-1	25	22	35	48	23	88	125	14
Cash Flow From Financing Activity ⓘ +	-40	-69	4	-121	-41	-32	-31	-32	-137	-103
Net Proceeds from Shares ⓘ	0	1	36	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	-5	-0
Interest Paid ⓘ	-1	0	0	0	-2	-2	-2	-1	-2	-1
Dividend Paid ⓘ	-24	-25	-27	-30	-29	-26	-26	-28	-126	-97
Others ⓘ	-15	-45	-5	-92	-10	-4	-3	-3	-3	-4
Net Cash Flow ⓘ	-10	5	12	5	-8	12	-7	-10	-2	25

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	16.42	17.2	16.85	16.36	14.49	11.33	14.18	15.24	15.82	16.92
ROCE (%)	24.33	25.24	26.06	23.48	19.89	15.63	19.19	20.36	21.81	23.49
Asset Turnover Ratio	0.44	0.46	0.43	0.43	0.4	0.35	0.37	0.39	0.39	0.4
PAT to CFO Conversion(x)	0.97	0.72	0.61	0.76	0.22	0.92	0.85	0.72	0.7	0.85
Working Capital Days
Receivable Days	69.60	51.20	44.10	41.40	51.70	63.50	39.40	29.20	36.50	36.20
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

ICRA Ltd FAQs

The current trading price of ICRA on 04-Jun-2026 16:59 is ₹5,063.3.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of ICRA stood at ₹4,886.7 Cr

The latest P/E ratio of ICRA as of 03-Jun-2026 is 38.57.

The latest P/B ratio of ICRA as of 03-Jun-2026 is 5.52.

The 52-week high of ICRA is ₹7,135.4 and the 52-week low is ₹4,905.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ICRA is ₹328 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that ICRA Ltd is a good quality company.

The key valuation ratios of ICRA Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of ICRA Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About ICRA Ltd

ICRA (formerly Investment Information and Credit Rating Agency of India) is an independent and professional investment information and credit rating agency. It is aligned with globally recognized credit rating agency Moody’s, enhancing its credibility and igniting a spirit of innovation and excellence, propelling it towards limitless opportunities for growth and advancement. It is a leading credit rating agency in India, distinguished by its proven track record in credit assessment and research excellence. It empowers investors, lenders, and businesses with reliable insights to make informed financial decisions. The company contributes to market efficiency and enhances confidence across the financial ecosystem.

ICRA embarked upon Environmental, Social, and Governance (ESG) ratings in 2024 after receiving registration as a Category-I ESG Rating Provider (ERP) from the Securities and Exchange Board of India (SEBI). ESG ratings have emerged as critical indicators in current investment landscape, driven by increasing global focus on sustainable and responsible business practices. These ratings provide crucial insights into an organisation’s resilience against environmental risks, social responsibility, and governance standards - factors that significantly impact long-term business sustainability and stakeholder value creation.

ICRA was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies as an Independent and professional investment Information and Credit Rating Agency. Currently, ICRA and its subsidiaries together form the ICRA Group of Companies (Group ICRA). The international Credit Rating Agency Moody’s Investors Service is ICRA’s largest shareholder. Moody's provides certain technical services to ICRA pursuant to a Technical Services Agreement. ICRA is a Public Limited Company, with its shares listed on the Bombay Stock Exchange and the National Stock Exchange.

Business area of the company

The company is primarily engaged in the business of rating and research. The company provides information and guidance to institutional and individual investors/creditors; enhance 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; assist the regulators in promoting transparency in the financial markets; provide intermediaries with a tool to improve efficiency in the funds raising process.

Services

Rating & Ancillary Services
ESG Rating
Research & Analytics

Milestones

1991: Launch of credit rating services
1999: Moody’s acquires initial stake at ICRA
2004: Knowledge services set up
2007: ICRA get listed
2014: Moody’s acquires a majority stake
2019: Consolidation of non-rating businesses under ICRA Analytics
2023: Acquisition of D2K Technologies
2024: ICRA forays into ESG Rating

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ICRA Ltd (ICRA)

ICRA Ltd (ICRA)

ICRA stock performance

Check Before You Invest

Quality

Valuation

Price Trend

DeciZen - make an informed investing decision on ICRA

1. Right Stock

2. Right Price

3. Right Time ⓘ

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of ICRA - Consolidated

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

ICRA Ltd FAQs

What is the share price of ICRA?

What is the market cap of ICRA?

What is the P/E ratio of ICRA?

What is the P/B ratio of ICRA?

What is the 52-week high and low of ICRA?

What is the TTM revenue of ICRA?

Is ICRA Ltd a good quality company?

Is ICRA Ltd undervalued or overvalued?

Is ICRA Ltd a good buy now?

About ICRA Ltd

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