ICRA Ltd
ICRA Ltd (ICRA) is scheduled to report results on 29 Oct 2026. ICRA Ltd last reported results for the quarter ended Jun 2026, with sales of ₹163 crore and net profit of ₹56 crore. The company’s board meets on 12 Oct 2026. The stock last traded at ₹4,358, a market capitalisation of ₹4,206 crore, on a P/E of 21.4. Over the past 52 weeks the stock has ranged between ₹4,198 and ₹6,620. Figures are as of 6 Oct 2026 and are not real time.
ICRA Ltd share price and key metrics
- Current price
- ₹4,358
- Market cap
- ₹4,206 cr
- Stock P/E
- 21.4
- Book value
- ₹1,223
- ROE
- 16.7%
- ROCE
- 23.0%
- Dividend yield
- 1.62%
- 52w high / low
- 6620/4198
Metrics as of 6 Oct 2026. Not real time.
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ICRA Ltd growth and returns
- 10 Years
- 6%
- 5 Years
- 15%
- 3 Years
- 14%
- TTM
- 26%
- 10 Years
- 10%
- 5 Years
- 18%
- 3 Years
- 11%
- TTM
- 11%
- 10 Years
- 0%
- 5 Years
- 4%
- 3 Years
- -8%
- 1 Year
- -31%
- 10 Years
- 15%
- 5 Years
- 16%
- 3 Years
- 16%
- Last Year
- 17%
ICRA Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹163 cr, up 31.5% from ₹124 cr a year earlier. Net profit was ₹56 cr, up 30.2% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 126 | 121 | 136 | 124 | 137 | 164 | 175 | 163 |
| Expenses | 85 | 79 | 77 | 85 | 88 | 106 | 105 | 108 |
| Operating profit | 41 | 42 | 59 | 40 | 49 | 57 | 70 | 55 |
| OPM % | 33% | 35% | 43% | 32% | 36% | 35% | 40% | 34% |
| Other income | 20 | 19 | 21 | 24 | 21 | 9 | 14 | 32 |
| Interest | 0 | 1 | 1 | 2 | 1 | 1 | 1 | 0 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 10 | 10 | 11 |
| Profit before tax | 57 | 56 | 74 | 58 | 64 | 55 | 73 | 76 |
| Tax % | 35% | 24% | 24% | 27% | 25% | 29% | 28% | 26% |
| Net profit | 37 | 42 | 56 | 43 | 48 | 39 | 53 | 56 |
| EPS (₹) | 38.05 | 43.55 | 57.75 | 43.97 | 49.54 | 40.22 | 54.35 | 58.19 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
ICRA Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 333 | 309 | 328 | 321 | 301 | 343 | 403 | 446 | 498 | 600 | 638 |
| Operating profit | 102 | 115 | 113 | 96 | 81 | 121 | 143 | 149 | 178 | 215 | 230 |
| OPM % | 31% | 37% | 34% | 30% | 27% | 35% | 35% | 33% | 36% | 36% | 36% |
| Net profit | 89 | 101 | 106 | 97 | 83 | 114 | 137 | 152 | 171 | 183 | 196 |
| EPS (₹) | 89.29 | 101.68 | 109.21 | 99.66 | 84.61 | 116.35 | 140.13 | 156.55 | 176.15 | 188.08 | 202.30 |
TTM is the trailing twelve months to the most recent quarter.
ICRA Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 539 | 645 | 631 | 692 | 748 | 834 | 941 | 967 | 1,044 | 1,171 |
| Borrowings | 0 | 0 | 0 | 0 | 17 | 14 | 13 | 13 | 13 | 18 |
| Other liabilities | 111 | 116 | 128 | 144 | 121 | 121 | 138 | 195 | 225 | 282 |
| Total liabilities | 660 | 771 | 769 | 846 | 896 | 978 | 1,101 | 1,184 | 1,292 | 1,481 |
| Fixed assets | 37 | 36 | 34 | 54 | 46 | 46 | 47 | 91 | 90 | 313 |
| CWIP | 1 | 0 | 1 | 2 | 3 | 2 | 1 | 1 | 4 | 2 |
| Investments | 311 | 338 | 182 | 104 | 177 | 454 | 689 | 813 | 773 | 730 |
| Other assets | 312 | 396 | 552 | 685 | 669 | 478 | 364 | 278 | 426 | 436 |
| Total assets | 660 | 771 | 769 | 846 | 896 | 978 | 1,101 | 1,184 | 1,292 | 1,481 |
As reported by the company. Total assets equal total liabilities by construction.
ICRA Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 63 | 62 | 81 | 21 | 76 | 97 | 99 | 107 | 145 | 157 |
| Cash from investing | -12 | -54 | 45 | 11 | -32 | -72 | -77 | 28 | -17 | -95 |
| Cash from financing | -69 | 4 | -121 | -41 | -32 | -31 | -32 | -137 | -103 | -67 |
| Net cash flow | -17 | 12 | 5 | -8 | 12 | -7 | -10 | -2 | 25 | -5 |
| Free cash flow | 60 | 63 | 81 | 17 | 74 | 91 | 90 | 100 | 133 | 145 |
| CFO / operating profit | 104% | 98% | 109% | 59% | 131% | 114% | 103% | 106% | 113% | 103% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
ICRA Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 26% | 25% | 23% | 20% | 15% | 19% | 20% | 21% | 23% | 23% |
| Debtor days | 37 | 48 | 38 | 65 | 58 | 28 | 34 | 42 | 35 | 48 |
| Cash conversion cycle | 37 | 48 | 38 | 65 | 58 | 28 | 34 | 42 | 35 | 48 |
| Working capital days | -45 | -41 | -44 | -2 | -48 | -55 | -64 | -61 | -74 | -52 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
ICRA Ltd shareholding pattern
Promoters held 51.86% at Jun 2026, broadly unchanged since Jun 2025. FIIs 6.90% and DIIs 24.27%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 51.86% | 51.86% | 51.86% | 51.86% | 51.86% | 51.86% | 51.86% | 51.86% |
| FIIs | 8.77% | 9.06% | 8.78% | 8.66% | 6.87% | 7.25% | 7.92% | 6.90% |
| DIIs | 24.09% | 23.92% | 24.17% | 24.38% | 26.15% | 25.55% | 24.51% | 24.27% |
| Public | 14.94% | 14.82% | 14.86% | 14.78% | 14.82% | 15.06% | 15.41% | 16.70% |
| No. of shareholders | 19,138 | 19,757 | 20,521 | 21,176 | 21,818 | 21,929 | 22,189 | 23,802 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
When does ICRA Ltd’s board next meet?
ICRA Ltd’s board meets on 12 Oct 2026.
- Board meetingAppointment of new Chief Business Officer and transition of senior management
- Board meetingConsideration and approval of unaudited financial results for Q2 and half-year ended September 30, 2026
See the full results calendar for every Indian company reporting in the next 30 days.
ICRA Ltd corporate filings
- ICRA Limited schedules Board meeting on October 29, 2026, to consider unaudited financial results for Q2 and H1 FY2027Board Meetinglow impact
Cruxal's analysis: ICRA Limited has announced a scheduled Board meeting on October 29, 2026, to approve its…
Read the full analysis - ICRA Limited announces appointment of Ritesh Gupta as Chief Business Officer, effective from January 1, 2027, succeeding L. Shivakumar who retires on December 31, 2026Company Updatelow impact
Cruxal's analysis: ICRA Limited has disclosed a senior management transition with the appointment of Ritesh…
Read the full analysis - Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018Company Updatelow impact
- Closure of trading windowInsider Trading / SASTlow impact
- ICRA Ltd schedules analyst/institutional investor meeting for September 2026Company Updatelow impact
Cruxal's analysis: ICRA Ltd has issued an intimation regarding a scheduled meeting with analysts and…
Read the full analysis - ICRA Ltd schedules analyst/institutional investor meeting for September 16, 2026Company Updatelow impact
Cruxal's analysis: ICRA Ltd has issued an intimation regarding a scheduled meeting with analysts and…
Read the full analysis - ICRA Ltd schedules analyst and institutional investor meetingsCompany Updatelow impact
Cruxal's analysis: ICRA Ltd has issued an intimation regarding upcoming meetings with analysts and…
Read the full analysis - ICRA Ltd schedules analyst/institutional investor meetingsCompany Updatelow impact
Cruxal's analysis: ICRA Ltd has issued an intimation regarding upcoming meetings with analysts and…
Read the full analysis - ICRA Ltd issues notice for special window for transfer and dematerialisation of physical securitiesCompany Updatelow impact
Cruxal's analysis: ICRA Ltd has issued a regulatory notice regarding a special window for the transfer and…
Read the full analysis - ICRA Ltd announces schedule for investor meetingsCompany Updatelow impact
Cruxal's analysis: ICRA Ltd has issued an intimation regarding upcoming investor meetings. The filing is a…
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