ICRA Limited (NSE:ICRA)
India flag India · Delayed Price · Currency is INR
4,485.60
+21.90 (0.49%)
Nov 11, 2026, 1:13 PM IST

ICRA Limited Financials Overview

Millions INR. Fiscal year is Apr - Mar.

Revenue & Profits

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Revenue
6,7975,9954,9804,4614,0323,428
Revenue Growth
31.17%20.38%11.63%10.63%17.63%13.87%
Gross Profit
3,2902,8322,3171,9931,8081,509
Operating Income
2,0701,8741,6161,3971,3351,131
Net Income
1,9961,8151,7001,5111,3521,123
Earnings Per Share
207.04188.32176.50156.99140.59116.74
EPS Growth
6.12%6.70%12.43%11.67%20.43%37.51%

Revenue by Segment

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Ratings & Ancillary Services
3,6053,3652,9462,5762,3002,025
Research & Analytics
3,2322,6582,0481,891--
Inter-Segment
-40.86-27.55-13.62-5.51-8.88-7.87
Total
6,7975,9954,9804,4614,0323,428

Cash & Debt

Fiscal Year
CurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Cash & Investments
8,2138,06810,5105,7555,0333,703
Total Debt
143.11184.01131.36126.83130.29140.26
Net Cash (Debt)
8,0707,88410,3785,6284,9033,563
Net Cash Growth
-25.56%-24.03%84.40%14.80%37.60%-10.88%
Net Cash Per Share
837.09817.961077.42584.76509.65370.39

Cash Flow & CapEx

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Operating Cash Flow
2,0921,5731,4491,070992.58966.62
Capital Expenditures
-161.54-124.93-124.12-68.97-90.88-52.22
Free Cash Flow
1,9301,4481,3251,001901.7914.4
Free Cash Flow Growth
44.40%9.27%32.33%11.03%-1.39%25.48%

Margins

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Gross Margin
48.40%47.24%46.53%44.66%44.84%44.03%
Operating Margin
30.45%31.26%32.45%31.31%33.11%32.99%
Pretax Margin
40.58%41.77%46.98%44.80%44.94%44.37%
Profit Margin
29.37%30.28%34.14%33.87%33.54%32.76%
FCF Margin
28.40%24.15%26.60%22.44%22.36%26.67%

Dividends

Fiscal Year
CurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingNov '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Dividend Per Share
70.00070.00060.00040.00040.00028.000
Dividend Per Share Growth
75.00%16.67%50.00%0%42.86%3.70%
Dividend Yield
1.56%1.40%1.09%0.73%0.90%0.66%

Valuation

Fiscal Year
CurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingNov '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
PE Ratio
21.6626.5231.1534.6631.4636.27
Forward PE
18.5022.9628.0831.9028.3431.14
P/FCF Ratio
22.2633.2539.9752.3147.1844.54
PS Ratio
6.328.0310.6311.7410.5511.88