ICRA balance sheet

As of Sep 2026

Total assets: ₹1,503cr+10.2% on Sep 2025
Shareholders' equity: ₹1,195cr+9.4% on Sep 2025
Total debt: ₹0.5cr−79.5% on Sep 2025
Cash and investments: ₹799cr−13.1% on Sep 2025

₹ crore except per share

Tap a line for its trend	H1 FY27Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	41.3	45.9	40.4	40.5	27.5
	1.1	0.0	0.0	0.1	0.0
	166	166	30.2	30.2	1.2
	89.6	101	19.0	20.6	18.4
	3.9	2.2	3.5	0.8	1.3
	2.7	2.5	1.3	390	425
	0.0	0.0	0.0	0.0	0.0
	10.7	199	38.3	16.3	37.3
	13.4	201	39.5	407	462
	4.4	5.3	2.4	2.6	2.3
	25.0	36.0	31.0	1.2	1.4
	344	557	166	503	515
	769	727	772	423	263
	100	78.4	47.6	53.0	38.0
	29.9	29.7	35.1	10.5	12.2
	22.7	12.8	246	145	229
	0.0	0.0	0.0	0.0	0.0
	207	50.6	5.8	2.7	3.3
	1,129	898	1,106	634	546
	27.1	28.2	21.7	23.2	19.2
	1,159	929	1,128	685	586
	1,503	1,486	1,294	1,188	1,101
Equity
	9.7	9.7	9.7	9.7	9.7
	1,181	1,171	1,044	967	941
	1,190	1,181	1,053	976	950
	5.0	4.4	4.4	4.5	4.6
	1,195	1,185	1,058	981	955
Liabilities
	0.3	0.4	0.6	1.0	0.0
	14.8	13.8	42.5	45.0	11.4
	15.1	14.2	43.1	46.0	11.4
	11.0	10.6	3.4	4.1	2.7
	32.8	31.9	12.9	4.7	0.0
	58.9	56.6	59.4	54.8	14.1
	0.3	0.3	0.5	0.8	0.0
	13.1	13.8	9.1	7.5	8.4
	44.3	110	69.0	11.1	8.8
	57.6	124	78.7	19.3	17.2
	5.6	4.0	2.6	51.5	42.3
	2.9	5.2	1.6	0.1	0.2
	183	111	94.1	81.1	72.1
	249	244	177	152	132
	308	301	237	207	146
	1,503	1,486	1,294	1,188	1,101
Assets — additional as-filed lines
	2.9	2.1	0.0	27.6	20.7
Trade payables — MSME split
	1.0	0.5	0.5	—	—
	12.0	13.3	8.6	—	—

Open the chart

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

alphave

ICRA₹4,437.60

ICRA Limited

· Banking & Finance

₹ CrorePeersCARERATINGMcap ₹4,283 Cr

View

In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Non-current Assets
+ Property, Plant & Equipment	27.5	40.5	40.4	45.9	41.3
+ Capital Work-in-Progress	0.0	0.1	0.0	0.0	1.1
+ Goodwill	1.2	30.2	30.2	165.9	165.7
+ Other Intangibles	18.4	20.6	19.0	101.0	89.6
+ Intangibles under Development	1.3	0.8	3.5	2.2	3.9
+ Non-current Investments	425.2	390.2	1.3	2.5	2.7
+ Long-term Loans	0.0	0.0	0.0	0.0	0.0
+ Other Non-current Financial Assets	37.3	16.3	38.3	198.5	10.7
Non-current Financial Assets	462.5	406.6	39.5	201.0	13.4
+ Deferred Tax Assets	2.3	2.6	2.4	5.3	4.4
+ Other Non-current Assets	1.4	1.2	31.0	36.0	25.0
Total Non-current Assets	514.6	502.6	166.1	557.4	344.3
Current Assets
+ Current Investments	263.4	423.2	771.5	727.0	768.7
+ Trade Receivables	38.0	53.0	47.6	78.4	100.3
+ Cash & Cash Equivalents	12.2	10.5	35.1	29.7	29.9
+ Other Bank Balances	229.3	145.1	246.4	12.8	22.7
+ Short-term Loans	0.0	0.0	0.0	0.0	0.0
+ Other Current Financial Assets	3.3	2.7	5.8	50.6	207.0
Current Financial Assets	546.3	634.5	1,106.5	898.5	1,128.6
+ Other Current Assets	19.2	23.2	21.7	28.2	27.1
Total Current Assets	586.2	685.2	1,128.1	928.7	1,158.6
Total Assets	1,100.8	1,187.8	1,294.2	1,486.1	1,502.9
Equity
+ Equity Share Capital	9.7	9.7	9.7	9.7	9.7
+ Other Equity / Reserves	940.6	966.8	1,043.6	1,171.1	1,180.6
Equity — Owners of Parent	950.3	976.5	1,053.2	1,180.7	1,190.3
+ Minority Interest	4.6	4.5	4.4	4.4	5.0
Total Equity	954.9	981.0	1,057.7	1,185.1	1,195.2
Liabilities
+ Borrowings — Non-current	0.0	1.0	0.6	0.4	0.3
+ Other Non-current Financial Liab	11.4	45.0	42.5	13.8	14.8
Non-current Financial Liabilities	11.4	46.0	43.1	14.2	15.1
+ Provisions — Non-current	2.7	4.1	3.4	10.6	11.0
+ Deferred Tax Liabilities	0.0	4.7	12.9	31.9	32.8
Non-current Liabilities	14.1	54.8	59.4	56.6	58.9
+ Borrowings — Current	0.0	0.8	0.5	0.3	0.3
+ Trade Payables	8.4	7.5	9.1	13.8	13.1
+ Other Current Financial Liab	8.8	11.1	69.0	109.6	44.3
Current Financial Liabilities	17.2	19.3	78.7	123.6	57.6
+ Provisions — Current	42.3	51.5	2.6	4.0	5.6
+ Current Tax Liabilities	0.2	0.1	1.6	5.2	2.9
+ Other Current Liabilities	72.1	81.1	94.1	111.5	182.7
Current Liabilities	131.7	152.1	177.1	244.3	248.8
Total Liabilities	145.9	206.8	236.5	301.0	307.7
Total Equity & Liabilities	1,100.8	1,187.8	1,294.2	1,486.1	1,502.9
Assets — additional as-filed lines
+ Current Tax Assets	20.7	27.6	0.0	2.1	2.9
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	0.5	0.5	1.0
+ Dues to Other Creditors — Current	—	—	8.6	13.3	12.0

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. 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%.