ICRA Ltd Share Price ₹5,147 | P/E 27.5

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of ICRA Ltd

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	109	103	105	115	124	115	126	121	136	124	137	164	175
Expenses +	71	68	71	84	74	80	85	79	77	85	88	106	105
Operating Profit	38	35	34	30	50	35	41	42	59	40	49	57	70
OPM %	35%	34%	32%	26%	40%	31%	33%	35%	43%	32%	36%	35%	40%
Other Income +	16	18	16	17	24	18	20	19	21	24	21	9	14
Interest	0	0	0	3	7	2	0	1	1	2	1	1	1
Depreciation	3	2	3	4	4	4	4	4	4	4	4	10	10
Profit before tax	51	50	47	41	62	47	57	56	74	58	64	55	73
Tax %	24%	18%	32%	20%	24%	24%	35%	24%	24%	27%	25%	29%	28%
Net Profit +	39	41	32	32	47	36	37	42	56	43	48	39	53
EPS in Rs	39.76	41.77	32.92	33.31	48.56	36.80	38.05	43.55	57.75	43.97	49.54	40.22	54.35

Financials of ICRA Ltd

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	322	341	333	309	328	321	301	343	403	446	498	600
Expenses +	252	240	231	194	215	225	220	222	260	297	320	384
Operating Profit	70	101	102	115	113	96	81	121	143	149	178	215
OPM %	22%	30%	31%	37%	34%	30%	27%	35%	35%	33%	36%	36%
Other Income +	42	27	39	49	45	48	43	41	50	75	77	68
Interest	2	1	0	0	0	2	2	2	1	10	5	4
Depreciation	10	10	9	8	6	10	10	8	10	13	16	28
Profit before tax	100	118	132	157	152	131	112	152	181	200	234	250
Tax %	35%	35%	33%	35%	30%	26%	26%	25%	25%	24%	27%	27%
Net Profit +	66	76	89	101	106	97	83	114	137	152	171	183
EPS in Rs	65.45	76.24	89.29	101.68	109.21	99.66	84.61	116.35	140.13	156.55	176.15	188.08
Dividend Payout %	37%	33%	30%	29%	27%	27%	32%	24%	93%	64%	34%	56%

Financials of ICRA Ltd

Capital structure and asset base

	Mar 2015	Mar 2016	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	10	10
Reserves	419	466	539	645	631	692	748	834	941	967	1,044	1,171
Borrowings +	10	0	0	0	0	0	17	14	13	13	13	18
Other Liabilities +	144	151	111	116	128	144	121	121	138	195	225	287
Total Liabilities	583	627	660	771	769	846	896	978	1,101	1,184	1,292	1,486
Fixed Assets +	91	92	37	36	34	54	46	46	47	91	90	315
CWIP	0	1	1	0	1	2	3	2	1	1	4	0
Investments	257	185	311	338	182	104	177	454	689	813	773	730
Other Assets +	234	350	312	396	552	685	669	478	364	278	426	442
Total Assets	583	627	660	771	769	846	896	978	1,101	1,184	1,292	1,486

Financials of ICRA Ltd

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	67	71	63	62	81	21	76	97	99	107	145	157
Cash from Investing Activity +	-31	-40	-12	-54	45	11	-32	-72	-77	28	-17	-110
Cash from Financing Activity +	-29	-40	-69	4	-121	-41	-32	-31	-32	-137	-103	-67
Net Cash Flow	7	-9	-17	12	5	-8	12	-7	-10	-2	25	-20
Free Cash Flow	63	61	60	63	81	17	74	91	90	100	133	145
CFO/OP	141%	114%	104%	98%	109%	59%	131%	114%	103%	106%	113%	103%

Financials of ICRA Ltd

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	61	51	37	48	38	65	58	28	34	42	35	48
Inventory Days
Days Payable
Cash Conversion Cycle	61	51	37	48	38	65	58	28	34	42	35	48
Working Capital Days	-64	-66	-45	-41	-44	-2	-48	-55	-64	-61	-75	391
ROCE %	21%	24%	26%	25%	23%	20%	15%	19%	20%	21%	23%	23%