ICRA Ltd

ICRA Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

ICRA Ltd

₹ 6,332 2.38%
22 Nov - close price
icra.in BSE: 532835 NSE: ICRA
About

ICRA Limited was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional investment Information and Credit Rating Agency.[1] It is involved in rating, management consulting and outsourcing and information services etc.[2]

Key Points

Range of Services

  1. Rating Services - ICRA is one of India's most experienced credit rating agencies. It rates debt instruments issued by manufacturing companies, commercial banks, non-banking finance companies, financial institutions, public sector undertakings, and municipalities, among others.[1]

  2. Industry Research - The company provides research services across the economy, industry, and companies. It researches 55 industries with the reports providing in-depth analysis across business and profitability outlook, industry analysis, competitive landscape, regulatory environment, etc. [1]

Website BSE NSE
  • Market Cap ₹ 6,111 Cr.
  • Current Price ₹ 6,332
  • High / Low ₹ 7,735 / 4,983
  • Stock P/E 47.4
  • Book Value ₹ 752
  • Dividend Yield 1.58 %
  • ROCE 20.0 %
  • ROE 16.6 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 82.0%

Cons

  • Stock is trading at 8.42 times its book value
  • The company has delivered a poor sales growth of 1.77% over past five years.
  • Earnings include an other income of Rs.96.6 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Credit Rating Agencies Industry: Miscellaneous

Part of BSE Allcap BSE Financial Services BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
48 49 52 49 53 58 62 58 58 64 70 63 72
40 33 32 38 42 41 42 42 44 52 44 46 51
Operating Profit 7 16 20 11 11 17 19 16 14 12 26 17 21
OPM % 15% 33% 39% 23% 21% 29% 31% 27% 24% 19% 37% 26% 29%
9 7 8 31 10 12 14 16 41 16 18 17 46
Interest 0 0 0 0 0 0 0 0 0 3 0 0 0
Depreciation 1 1 2 1 2 2 2 2 2 2 2 2 2
Profit before tax 14 22 26 41 19 26 31 30 53 23 41 31 65
Tax % 17% 24% 29% 21% 14% 11% 22% 13% 18% 13% 18% 21% 23%
12 17 19 32 17 23 24 26 43 20 34 25 50
EPS in Rs 12.42 17.14 19.45 33.06 17.27 24.04 25.02 26.98 44.91 20.93 34.78 25.61 52.15
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
149 163 181 195 211 222 230 208 181 195 223 251 270
90 96 129 118 129 124 141 149 139 140 163 184 194
Operating Profit 59 67 52 77 82 98 89 59 42 55 60 68 76
OPM % 40% 41% 29% 40% 39% 44% 39% 28% 23% 28% 27% 27% 28%
16 17 28 20 56 51 45 41 36 45 66 91 97
Interest 0 0 0 0 0 0 0 2 2 2 1 4 4
Depreciation 2 2 4 4 3 3 2 5 5 5 7 8 8
Profit before tax 73 82 76 94 134 146 131 92 72 93 117 147 161
Tax % 17% 28% 34% 35% 27% 31% 27% 29% 26% 21% 18% 16%
60 59 50 61 98 100 96 65 53 73 96 123 129
EPS in Rs 60.38 58.73 50.42 61.47 98.77 101.30 99.44 67.33 54.86 75.96 99.40 127.61 133.47
Dividend Payout % 36% 39% 48% 41% 27% 30% 30% 40% 49% 37% 131% 78%
Compounded Sales Growth
10 Years: 4%
5 Years: 2%
3 Years: 11%
TTM: 14%
Compounded Profit Growth
10 Years: 10%
5 Years: 5%
3 Years: 33%
TTM: 10%
Stock Price CAGR
10 Years: 9%
5 Years: 18%
3 Years: 20%
1 Year: 14%
Return on Equity
10 Years: 14%
5 Years: 13%
3 Years: 14%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 10 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 312 346 367 398 492 561 539 573 605 655 727 732 716
0 0 0 0 0 0 0 0 16 14 13 10 12
82 90 117 125 93 94 99 101 86 88 101 118 158
Total Liabilities 404 445 494 534 595 664 647 684 717 767 851 869 896
16 17 17 15 13 12 11 29 25 26 27 23 28
CWIP 0 0 0 0 0 0 1 2 2 1 1 1 0
Investments 321 372 344 271 337 365 208 131 204 481 658 682 594
67 57 134 247 245 287 427 522 486 260 165 163 274
Total Assets 404 445 494 534 595 664 647 684 717 767 851 869 896

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
41 53 58 56 45 52 60 3 53 39 53 57
-25 -31 -29 -31 24 -7 56 24 -12 -14 -24 71
-16 -26 -27 -29 -68 -31 -120 -38 -30 -30 -31 -130
Net Cash Flow 0 -3 2 -4 1 14 -4 -11 11 -6 -2 -3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 30 26 44 31 32 36 31 59 32 19 21 34
Inventory Days
Days Payable
Cash Conversion Cycle 30 26 44 31 32 36 31 59 32 19 21 34
Working Capital Days -104 -149 -165 -166 -99 -80 -81 -35 -108 -103 -126 -119
ROCE % 20% 20% 18% 22% 28% 26% 23% 17% 12% 14% 17% 20%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
51.87% 51.87% 51.87% 51.86% 51.86% 51.86% 51.86% 51.86% 51.86% 51.86% 51.86% 51.86%
8.18% 7.55% 7.55% 7.60% 7.71% 7.64% 7.71% 8.15% 8.22% 8.42% 8.59% 8.77%
29.06% 28.84% 28.70% 27.47% 25.23% 24.73% 24.30% 23.98% 24.21% 24.05% 23.60% 24.09%
10.56% 11.42% 11.56% 12.74% 14.86% 15.43% 15.79% 15.66% 15.38% 15.34% 15.62% 14.94%
0.33% 0.33% 0.33% 0.33% 0.33% 0.33% 0.33% 0.33% 0.33% 0.33% 0.33% 0.32%
No. of Shareholders 15,66115,37315,43516,10316,68417,24217,04617,52017,41517,54718,52619,138

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Concalls