ICRA Limited Ratios and Metrics

Market cap in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May '26 May 22, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Market Capitalization	51,768	48,132	52,955	52,368	42,540	40,730
Market Cap Growth	-7.94%	-9.11%	1.12%	23.10%	4.44%	29.49%
Enterprise Value	44,301	37,340	46,526	47,750	39,296	36,765
Last Close Price	5381.00	5003.00	5455.99	5307.13	4210.45	4002.93
PE Ratio	28.57	26.52	31.15	34.66	31.46	36.27
Forward PE	23.74	22.96	28.08	31.90	28.34	23.62
PS Ratio	7.67	7.14	10.63	11.74	10.55	11.88
PB Ratio	4.37	4.06	5.01	5.34	4.46	4.81
P/TBV Ratio	5.68	5.28	5.29	5.66	4.52	4.87
P/FCF Ratio	35.76	33.25	39.97	52.31	47.18	44.54
P/OCF Ratio	32.92	30.61	36.55	48.94	42.86	42.14
PEG Ratio	1.98	2.48	2.48	2.48	2.48	2.48
EV/Sales Ratio	6.57	5.54	9.34	10.70	9.74	10.73
EV/EBITDA Ratio	15.27	12.87	27.64	32.64	28.36	31.51
EV/EBIT Ratio	16.92	14.26	28.79	34.18	29.43	32.51
EV/FCF Ratio	30.60	25.79	35.12	47.70	43.58	40.21
Debt / Equity Ratio	0.02	0.02	0.01	0.01	0.01	0.02
Debt / EBITDA Ratio	0.06	0.06	0.08	0.08	0.09	0.12
Debt / FCF Ratio	0.13	0.13	0.10	0.13	0.14	0.15
Net Debt / Equity Ratio	-0.63	-0.63	-0.98	-0.57	-0.51	-0.42
Net Debt / EBITDA Ratio	-2.59	-2.59	-6.16	-3.85	-3.54	-3.05
Net Debt / FCF Ratio	-5.19	-5.19	-7.83	-5.62	-5.44	-3.90
Asset Turnover	0.49	0.49	0.40	0.39	0.39	0.37
Quick Ratio	3.48	3.48	6.24	4.15	4.16	3.60
Current Ratio	3.80	3.80	6.37	4.32	4.29	3.78
Return on Equity (ROE)	16.28%	16.28%	16.80%	15.73%	15.17%	14.11%
Return on Assets (ROA)	11.77%	11.77%	8.14%	7.63%	8.03%	7.54%
Return on Invested Capital (ROIC)	86.30%	84.07%	54.01%	24.10%	21.07%	19.80%
Return on Capital Employed (ROCE)	21.10%	21.10%	14.50%	13.50%	13.80%	13.10%
Earnings Yield	3.51%	3.77%	3.21%	2.89%	3.18%	2.76%
FCF Yield	2.80%	3.01%	2.50%	1.91%	2.12%	2.25%
Dividend Yield	1.11%	-	1.10%	0.75%	0.95%	0.70%
Payout Ratio	32.38%	32.38%	22.63%	25.46%	19.92%	23.13%
Buyback Yield / Dilution	-0.07%	-0.07%	-0.08%	-0.05%	-	-
Total Shareholder Return	1.05%	-0.07%	1.02%	0.70%	0.95%	0.70%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.