ICRA Limited
NSE: ICRA · Ratings
Snapshot
Unlock ICRA Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
ICRA Limited is a professional investment information and credit rating agency that provides credit ratings, industry research, and management consulting services. The company serves a diverse range of sectors including banking, finance, insurance, and manufacturing through its various service segments.
Business Model
The company generates revenue by providing credit rating services for financial instruments and issuers, alongside industry research, knowledge services, and management consulting. It operates through four primary segments: Rating, Research and Other Services; Consulting Services; Knowledge Services; and Market Services.
Growth Outlook
Growth is driven by the increasing demand for credit analysis and financial transparency in the Indian capital markets. The company continues to expand its service offerings in risk management, financial advisory, and knowledge process outsourcing.
Key Risks
- Regulatory Risk. Changes in SEBI or RBI regulations governing credit rating agencies could impact operational compliance and fee structures.
- Reputational Risk. Any perceived failure in the accuracy or objectivity of credit ratings could lead to a loss of market trust and potential legal liabilities.
- Economic Cyclicality. Demand for rating and consulting services is sensitive to the overall health of the Indian economy and corporate debt issuance volumes.
- Competitive Pressure. Intense competition from other domestic and international rating agencies may exert downward pressure on pricing and margins.
Start your research today
Unlock AI insights, financials, peers and live data on ICRA Limited and 5,000+ companies — free.
Key Metrics
REVENUE
₹680 Cr
TTM · consolidated
NET PROFIT
₹201 Cr
TTM · consolidated
EPS
₹207.40
TTM · consolidated
RETURN ON EQUITY
17.6%
TTM · consolidated
P/E
20.9×
Q2 FY27 · consolidated
NET PROFIT MARGIN
29.5%
Q2 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q2 FY27 · consolidated
Peers · Ratings
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
ICRA LimitedICRA | ₹4,151 Cr | 20.9× | — | 31.2% | 36.0% | 17.6% | — | -32.4% |
CARE Ratings LimitedCARERATING | ₹4,994 Cr | 25.5× | — | 18.9% | 42.0% | 21.0% | — | +2.0% |
As of Q2 FY27
Financials
ICRA Limited
NSE: ICRA · Ratings
Snapshot
Unlock ICRA Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
ICRA Limited is a professional investment information and credit rating agency that provides credit ratings, industry research, and management consulting services. The company serves a diverse range of sectors including banking, finance, insurance, and manufacturing through its various service segments.
Business Model
The company generates revenue by providing credit rating services for financial instruments and issuers, alongside industry research, knowledge services, and management consulting. It operates through four primary segments: Rating, Research and Other Services; Consulting Services; Knowledge Services; and Market Services.
Growth Outlook
Growth is driven by the increasing demand for credit analysis and financial transparency in the Indian capital markets. The company continues to expand its service offerings in risk management, financial advisory, and knowledge process outsourcing.
Key Risks
- Regulatory Risk. Changes in SEBI or RBI regulations governing credit rating agencies could impact operational compliance and fee structures.
- Reputational Risk. Any perceived failure in the accuracy or objectivity of credit ratings could lead to a loss of market trust and potential legal liabilities.
- Economic Cyclicality. Demand for rating and consulting services is sensitive to the overall health of the Indian economy and corporate debt issuance volumes.
- Competitive Pressure. Intense competition from other domestic and international rating agencies may exert downward pressure on pricing and margins.
Start your research today
Unlock AI insights, financials, peers and live data on ICRA Limited and 5,000+ companies — free.
Key Metrics
REVENUE
₹680 Cr
TTM · consolidated
NET PROFIT
₹201 Cr
TTM · consolidated
EPS
₹207.40
TTM · consolidated
RETURN ON EQUITY
17.6%
TTM · consolidated
P/E
20.9x
Q2 FY27 · consolidated
NET PROFIT MARGIN
29.5%
Q2 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q2 FY27 · consolidated
Peers · Ratings
As of Q2 FY27