ICRA financials

Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹178cr+30.2% on Q2 FY26
Net profit
₹52.4cr+9.2% on Q2 FY26
EBITDA margin
37.0%+1.4 pts on Q2 FY26
EPS
₹54.20+9.1% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue178137+30.2%
EBITDA65.848.5+35.5%
EBITDA margin37.0%35.5%+1.4 pts
Profit before tax72.064.4+11.8%
Net profit52.448.0+9.2%
EPS₹54.20₹49.68+9.1%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹178 crNet profit₹52.4 crNet margin29.5%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
4,283————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
799757807434276
5.04.44.44.54.6
0.60.61.21.80.0
3,490————
680600498446403
—+20.4%+11.6%+10.6%—
248215178149143
36.4%35.9%35.7%33.4%35.4%
206187161135133
201183171152137
29.5%30.5%34.4%34.1%33.9%
₹206.81₹188.08₹176.15₹157.74₹141.67
—+6.8%+11.7%+11.3%—
—15714510799.3
—−12.5−12.4−6.9−9.1
14514513210090.2
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

ICRA₹4,437.60

ICRA Limited

· Banking & Finance
₹ CrorePeersCARERATINGMcap ₹4,283 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————4,282.8
- Cash, Equiv & ST Investments275.5433.7806.6756.7798.6
+ Minority Interest4.64.54.44.45.0
+ Total Debt0.01.81.20.60.6
Enterprise Value————3,489.8
Revenue403.2446.1498.0599.5679.7
Growth %, YoY—+10.6+11.6+20.4—
EBITDA142.9148.8177.8215.0247.6
Margin %35.4433.3535.6935.8736.43
EBIT133.1135.3161.4186.8206.3
Net Income136.7152.2171.2182.5200.6
Margin %33.9134.1334.3830.4529.52
EPS, Adj (current shares)141.67157.74176.15188.08206.81
Growth %, YoY—+11.3+11.7+6.8—
Cash from Operations99.3107.0144.9157.3—
Capital Expenditures-9.1-6.9-12.4-12.5—
Free Cash Flow90.2100.1132.5144.8144.8
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

ICRA financials and key ratios

Prices at the previous close · figures from the company's filings with NSE

ICRA (NSE: ICRA) had a market capitalisation of ₹4,283 crore at the previous close (₹4,437.60 a share), a PE ratio of 21.5 on the last four quarters' profit and a price-to-book ratio of 3.60. In FY26 its consolidated net profit was ₹182 crore on revenue of ₹600 crore; in Q2 FY27 (July–September 2026) it was ₹52.2 crore, up 9.1% year on year. Its debt-to-equity ratio was 0.00 on 30 September 2026. Promoters held 51.87% of the shares on 30 September 2026.

ICRA Q2 FY27 results
filed 29 October 2026
Share price used
₹4,437.60 · previous close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

ICRA at a glance · consolidated

Market cap
₹4,283 Crat ₹4,437.60 · previous close
PE ratio (last 4 quarters)
21.523.6 on FY26 profit
Price to book (PB)
3.60book value ₹1,233.30 a share
ROE (FY26)
16.3%−0.5 pts vs FY25ROCE 15.8%
Debt to equity
0.00net cash ₹821 Cr
Promoter holding
51.87%unchanged vs 30 Jun 202630 September 2026
Dividend yield
2.37%₹105 a share in 12 months
Net worth
₹1,190 Cr+9.5% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹145 Cr+9.3% vs FY25

Questions

What is the ICRA PE ratio today?

ICRA's PE ratio is 21.5 at the previous close (₹4,437.60 a share): a market capitalisation of ₹4,283 crore divided by consolidated net profit of ₹200 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹182 crore) it is 23.6.

What is the ICRA net worth?

ICRA's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,190 crore on 30 September 2026, up 9.5% from ₹1,087 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹4,283 crore at the previous close.

What is the ICRA book value per share?

ICRA's book value per share was ₹1,233.30 on 30 September 2026: shareholders' equity of ₹1,190 crore divided by the 96.51 lakh shares in issue, up 9.5% from ₹1,126.62 a year earlier. The share price at the previous close was ₹4,437.60.

What is the ICRA PB ratio (price to book value)?

ICRA's price-to-book (PB) ratio is 3.60 at the previous close: a market capitalisation of ₹4,283 crore divided by shareholders' equity (book value) of ₹1,190 crore on 30 September 2026. That is a book value of ₹1,233.30 per share against a share price of ₹4,437.60.

Is ICRA debt free?

No. ICRA had borrowings of ₹50 lakh on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.00. Its cash and current investments were ₹821 crore, so it held net cash of ₹821 crore.

What is the ICRA ROE and ROCE?

In FY26, ICRA's return on equity (ROE) was 16.3% and its return on capital employed (ROCE) was 15.8%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 16.8% and ROCE 15.0%.

What is the ICRA market cap?

ICRA's market capitalisation was ₹4,283 crore at the previous close: 96.51 lakh shares at ₹4,437.60 each.

What is the ICRA EPS?

ICRA's basic earnings per share (EPS) were ₹188.63 in FY26, against ₹176.73 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹207.40.

What is the ICRA dividend in 2026 and its record date?

In 2026, ICRA has declared one dividend: ₹105 (special) with record date 23 July 2026.

What is the ICRA debt to equity ratio?

ICRA's debt-to-equity ratio was 0.00 on 30 September 2026: borrowings of ₹50 lakh against total equity of ₹1,195 crore. A year earlier, on 30 September 2025, it was 0.00.

What is the ICRA dividend yield?

ICRA's dividend yield is 2.37% at the previous close: dividends of ₹105 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹4,437.60. They were ₹105 on 23 July 2026 (special).

What is the ICRA promoter holding?

Promoters held 51.87% of ICRA on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

What is the ICRA shareholding pattern?

On 30 September 2026, ICRA's shares were held by promoters 51.87%, foreign portfolio investors (FII/FPI) 8.00%, domestic institutions (DII) 20.12% (including mutual funds at 16.62%) and retail and other non-institutional investors 19.78%. Over the year, FII holding was up 1.13 percentage points from 6.87% and DII holding was down 6.04 percentage points from 26.16%.

How does ICRA compare with its peers?

On FY26 consolidated figures, against CARE Ratings: ICRA's operating margin of 31.2% is the lower of the two (CARE Ratings 38.7%; peer average 38.7%); its return on equity of 16.3% is the lower of the two (CARE Ratings 19.7%; peer average 19.7%); its revenue growth over three years of 14.1% a year is the lower of the two (CARE Ratings 19.3% a year; peer average 19.3% a year).

ICRA vs CARE Ratings: how do they compare?

In FY26, ICRA earned net profit of ₹182 crore on revenue of ₹600 crore, against ₹171 crore on ₹473 crore for CARE Ratings. ICRA's operating margin was 31.2% (CARE Ratings 38.7%) and its return on equity 16.3% (CARE Ratings 19.7%).

What is the ICRA free cash flow?

In FY26, ICRA generated ₹157 crore of cash from operations and spent ₹12.5 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹145 crore. In FY25 it was ₹132 crore.

What are the ICRA latest quarterly results?

ICRA's latest results are for Q2 FY27 (July–September 2026), filed on 29 October 2026: consolidated net profit ₹52.2 crore, up 9.1% from ₹47.8 crore in Q2 FY26; revenue from operations ₹178 crore, up 30.2% year on year.

What is the ICRA revenue and profit in FY26?

In FY26 (April 2025–March 2026), ICRA's consolidated net profit was ₹182 crore, up 6.8% from ₹170 crore in FY25, on revenue from operations of ₹600 crore (up 20.4%). Over three years, from FY23, net profit was up 32.8%.

When are the ICRA next results?

ICRA has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

Where do these ICRA figures come from?

From ICRA's own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.