ICRA Ltd

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

ICRA Ltd

₹ 6,625 -0.75%
13 Dec - 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 ₹ 6,394 Cr.
  • Current Price ₹ 6,625
  • High / Low ₹ 7,735 / 4,983
  • Stock P/E 42.3
  • Book Value ₹ 989
  • Dividend Yield 1.51 %
  • ROCE 21.4 %
  • ROE 15.6 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 60.2%

Cons

  • The company has delivered a poor sales growth of 6.34% over past five years.
  • Earnings include an other income of Rs.78.8 Cr.
  • Debtor days have increased from 35.3 to 43.4 days.

* 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 SmallCap BSE Allcap BSE Financial Services

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
83 87 94 93 99 103 109 103 105 115 124 115 126
60 52 55 61 63 67 71 68 71 84 74 80 85
Operating Profit 23 35 39 32 36 36 38 35 34 30 50 35 41
OPM % 27% 40% 41% 34% 36% 35% 35% 34% 32% 26% 40% 31% 33%
11 9 11 7 13 15 16 18 16 17 24 18 20
Interest 0 0 0 0 0 0 0 0 0 3 7 2 0
Depreciation 2 2 2 2 2 3 3 2 3 4 4 4 4
Profit before tax 31 41 47 36 46 48 51 50 47 41 62 47 57
Tax % 22% 25% 28% 41% 19% 18% 24% 18% 32% 20% 24% 24% 35%
24 31 34 22 37 39 39 41 32 32 47 36 37
EPS in Rs 24.93 32.00 34.62 22.02 38.06 40.29 39.76 41.77 32.92 33.31 48.56 36.80 38.05
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
251 283 322 341 333 309 328 321 301 343 403 446 479
192 197 252 240 231 194 215 225 220 222 260 297 323
Operating Profit 60 86 70 101 102 115 113 96 81 121 143 149 157
OPM % 24% 30% 22% 30% 31% 37% 34% 30% 27% 35% 35% 33% 33%
17 19 42 27 39 49 45 48 43 41 50 75 79
Interest 0 1 2 1 0 0 0 2 2 2 1 10 12
Depreciation 5 6 10 10 9 8 6 10 10 8 10 13 16
Profit before tax 72 98 100 118 132 157 152 131 112 152 181 200 207
Tax % 18% 30% 35% 35% 33% 35% 30% 26% 26% 25% 25% 24%
59 69 66 76 89 101 106 97 83 114 137 152 152
EPS in Rs 59.16 68.93 65.45 76.24 89.29 101.68 109.21 99.66 84.61 116.35 140.13 156.55 156.72
Dividend Payout % 37% 33% 37% 33% 30% 29% 27% 27% 32% 24% 93% 64%
Compounded Sales Growth
10 Years: 5%
5 Years: 6%
3 Years: 14%
TTM: 14%
Compounded Profit Growth
10 Years: 10%
5 Years: 7%
3 Years: 23%
TTM: 1%
Stock Price CAGR
10 Years: 9%
5 Years: 19%
3 Years: 24%
1 Year: 17%
Return on Equity
10 Years: 15%
5 Years: 14%
3 Years: 15%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 329 378 419 466 539 645 631 692 748 834 941 967 945
0 16 10 0 0 0 0 0 17 14 13 13 15
102 109 144 151 111 116 128 144 121 121 138 196 247
Total Liabilities 441 513 583 627 660 771 769 846 896 978 1,101 1,185 1,216
65 89 91 92 37 36 34 54 46 46 47 91 94
CWIP 1 7 0 1 1 0 1 2 3 2 1 1 0
Investments 229 277 257 185 311 338 182 104 177 454 689 813 708
146 140 234 350 312 396 552 685 669 478 364 280 415
Total Assets 441 513 583 627 660 771 769 846 896 978 1,101 1,185 1,216

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
24 100 67 71 63 62 81 21 76 97 99 107
-6 -72 -31 -40 -12 -54 45 11 -32 -72 -77 28
-11 -27 -29 -40 -69 4 -121 -41 -32 -31 -32 -137
Net Cash Flow 6 1 7 -9 -17 12 5 -8 12 -7 -10 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 69 55 61 51 37 48 38 65 58 28 34 43
Inventory Days
Days Payable
Cash Conversion Cycle 69 55 61 51 37 48 38 65 58 28 34 43
Working Capital Days -19 -54 -64 -66 -45 -41 -44 -2 -44 -52 -62 -57
ROCE % 19% 23% 21% 24% 26% 25% 23% 20% 15% 19% 20% 21%

Shareholding Pattern

Numbers in percentages

1 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