ICRA Ltd
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]
- Market Cap ₹ 4,998 Cr.
- Current Price ₹ 5,183
- High / Low ₹ 6,249 / 4,662
- Stock P/E 35.0
- Book Value ₹ 930
- Dividend Yield 0.77 %
- ROCE 20.0 %
- ROE 15.1 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 49.6%
Cons
- The company has delivered a poor sales growth of 5.48% over past five years.
- Company has a low return on equity of 13.5% over last 3 years.
- Earnings include an other income of Rs.67.2 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
207 | 251 | 283 | 322 | 341 | 333 | 309 | 328 | 321 | 301 | 343 | 403 | 431 | |
145 | 192 | 197 | 252 | 240 | 231 | 194 | 215 | 225 | 220 | 222 | 260 | 294 | |
Operating Profit | 63 | 60 | 86 | 70 | 101 | 102 | 115 | 113 | 96 | 81 | 121 | 143 | 137 |
OPM % | 30% | 24% | 30% | 22% | 30% | 31% | 37% | 34% | 30% | 27% | 35% | 35% | 32% |
21 | 17 | 19 | 42 | 27 | 39 | 49 | 45 | 48 | 43 | 41 | 50 | 67 | |
Interest | 0 | 0 | 1 | 2 | 1 | 0 | 0 | 0 | 2 | 2 | 2 | 1 | 4 |
Depreciation | 5 | 5 | 6 | 10 | 10 | 9 | 8 | 6 | 10 | 10 | 8 | 10 | 12 |
Profit before tax | 79 | 72 | 98 | 100 | 118 | 132 | 157 | 152 | 131 | 112 | 152 | 181 | 189 |
Tax % | 32% | 18% | 30% | 35% | 35% | 33% | 35% | 30% | 26% | 26% | 25% | 25% | |
54 | 59 | 69 | 66 | 76 | 89 | 101 | 106 | 97 | 83 | 114 | 137 | 144 | |
EPS in Rs | 54.01 | 59.16 | 68.93 | 65.45 | 76.24 | 89.29 | 101.68 | 109.21 | 99.66 | 84.61 | 116.35 | 140.13 | 147.76 |
Dividend Payout % | 37% | 37% | 33% | 37% | 33% | 30% | 29% | 27% | 27% | 32% | 24% | 93% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 5% |
3 Years: | 8% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 7% |
3 Years: | 12% |
TTM: | 9% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 11% |
3 Years: | 17% |
1 Year: | 8% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 14% |
3 Years: | 14% |
Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Reserves | 292 | 329 | 378 | 419 | 466 | 539 | 645 | 631 | 692 | 748 | 834 | 941 | 888 |
0 | 0 | 16 | 10 | 0 | 0 | 0 | 0 | 0 | 17 | 14 | 13 | 12 | |
83 | 102 | 109 | 144 | 151 | 111 | 116 | 128 | 144 | 121 | 121 | 138 | 167 | |
Total Liabilities | 384 | 441 | 513 | 583 | 627 | 660 | 771 | 769 | 846 | 896 | 978 | 1,101 | 1,076 |
34 | 65 | 89 | 91 | 92 | 37 | 36 | 34 | 54 | 46 | 46 | 47 | 47 | |
CWIP | 0 | 1 | 7 | 0 | 1 | 1 | 0 | 1 | 2 | 3 | 2 | 1 | 0 |
Investments | 236 | 229 | 277 | 257 | 185 | 311 | 338 | 182 | 104 | 177 | 454 | 689 | 699 |
114 | 146 | 140 | 234 | 350 | 312 | 396 | 552 | 685 | 669 | 478 | 364 | 330 | |
Total Assets | 384 | 441 | 513 | 583 | 627 | 660 | 771 | 769 | 846 | 896 | 978 | 1,101 | 1,076 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
39 | 24 | 100 | 67 | 71 | 63 | 62 | 81 | 21 | 76 | 97 | 99 | |
-24 | -6 | -72 | -31 | -40 | -12 | -54 | 45 | 11 | -32 | -72 | -77 | |
-16 | -11 | -27 | -29 | -40 | -69 | 4 | -121 | -41 | -32 | -31 | -32 | |
Net Cash Flow | -1 | 6 | 1 | 7 | -9 | -17 | 12 | 5 | -8 | 12 | -7 | -10 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 65 | 69 | 55 | 61 | 51 | 37 | 48 | 38 | 65 | 58 | 28 | 34 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 65 | 69 | 55 | 61 | 51 | 37 | 48 | 38 | 65 | 58 | 28 | 34 |
Working Capital Days | -40 | -19 | -54 | -64 | -66 | -45 | -41 | -44 | -2 | -44 | -52 | -62 |
ROCE % | 24% | 19% | 23% | 21% | 24% | 26% | 25% | 23% | 20% | 15% | 19% | 20% |
Documents
Announcements
- Board Meeting Intimation for Consideration And Approval Of The Audited Financial Results (Standalone And Consolidated) For The Quarter And Year Ended March 31, 2024 And To Recommend Dividend, If Any, On The Equity Shares For The Financial Year 2023-24 18m
- Update On Arbitration 29 Apr
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
29 Apr - Press release titled "ICRA Group receives registration from SEBI for its ESG Ratings entity"
- Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015-ICRA Group Receives Registration From SEBI For Its ESG Ratings Entity 29 Apr
- Certificate Pursuant To Regulation 40(9) Of The SEBI (LODR) Regulations, 2015 12 Apr
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2012
from nse
-
Financial Year 2011
from bse
Concalls
-
Jan 2024TranscriptNotesPPT
-
Oct 2023Transcript PPT
-
Aug 2023TranscriptNotesPPT
-
May 2023Transcript PPT
-
Feb 2023TranscriptNotesPPT
-
Oct 2022TranscriptNotesPPT
-
Aug 2022TranscriptNotesPPT
-
May 2022TranscriptNotesPPT
-
Jan 2022TranscriptNotesPPT
-
Oct 2021TranscriptNotesPPT
-
Jul 2021TranscriptNotesPPT
-
May 2021TranscriptNotesPPT
-
May 2021TranscriptNotesPPT
-
Feb 2021TranscriptNotesPPT
-
Nov 2020TranscriptNotesPPT
-
Aug 2020TranscriptNotesPPT
-
Jul 2020TranscriptNotesPPT
-
Feb 2020TranscriptNotesPPT
-
Oct 2019TranscriptNotesPPT
-
Aug 2019TranscriptNotesPPT
-
May 2019TranscriptNotesPPT
-
Jan 2019TranscriptNotesPPT
-
Nov 2018TranscriptNotesPPT
-
Aug 2018TranscriptNotesPPT
-
May 2018TranscriptNotesPPT
-
Feb 2018TranscriptNotesPPT
-
Nov 2017TranscriptNotesPPT
-
Aug 2017TranscriptNotesPPT
-
May 2017TranscriptNotesPPT
-
Feb 2017TranscriptNotesPPT
-
Nov 2016TranscriptNotesPPT
-
Aug 2016TranscriptNotesPPT
-
May 2016TranscriptNotesPPT
-
Feb 2016TranscriptNotesPPT
-
Nov 2015TranscriptNotesPPT
-
Aug 2015TranscriptNotesPPT
Range of Services
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]
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]