as of —
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Change
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Day Open
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Day High
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Day Low
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NSE Close — 28 Sep 2026
₹4,310.4
Change
-67.5 (-1.54%)
Open
₹4,398.8
Prev. Close
₹4,377.9
Day High
₹4,398.8
Day Low
₹4,305.0
Volume Analysis
Traded
20,932
Delivered
13,580
Delivery %
64.88%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (1)
- •Strong operating margin (36.0%)
Weaknesses (1)
- •Trading within 3% of its 52-week low (₹4421.0)
Opportunities (0)
No signal for this stock
Threats (1)
- •FII holding has been falling
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹4,464.94 | ₹4,431.87 | ₹4,371.14 | ₹4,338.07 | ₹4,277.34 | ₹4,244.27 | ₹4,183.54 |
| Fibonacci | ₹4,431.87 | ₹4,396.04 | ₹4,373.9 | ₹4,338.07 | ₹4,302.24 | ₹4,280.1 | ₹4,244.27 |
| Camarilla | ₹4,336.2 | ₹4,327.6 | ₹4,319.0 | ₹4,338.07 | ₹4,301.8 | ₹4,293.2 | ₹4,284.61 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
-29.94%
1 Week
-5.88%
1 Month
-12.26%
3 Months
-18.25%
6 Months
-15.61%
1 Year
-32.74%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹2,274.97
Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
15.74%
Net margin 30.72% × asset turnover 0.41x × equity multiplier 1.25x
Company Overview
Sector
Financial Services
Market Cap
₹4,287 Cr
P/E (TTM)
21.8
ROE
16.7%
Book Value
₹1,223.0
Face Value
₹10.0
Source: Screener.in (Consolidated figures) — data as of 24 Sep 2026. Not investment advice.
TopFund Analysis
Icra Limited holds up reasonably well on TopFund's composite fundamentals check within the Financial Services sector, at 67/100. The strongest factor is Risk & Volatility (90/100), while Momentum (1/100) is the weakest area to weigh before deciding. Notably: Strong operating margin (36.0%); trading within 3% of its 52-week low (₹4421.0). FII holding has been falling.
TopFund Score — Fundamentals Quality
67/100 — GoodData confidence: 79/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 28 Sep 2026 · How we calculate this →
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Company is almost debt free.
- +Company has been maintaining a healthy dividend payout of 51.2%
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
ICRA schedules a one-to-one virtual investor meeting with TrustLine Holdings on September 18, 2026.
ICRA schedules one-to-one virtual meetings with ICICI Prudential MF on August 25 and SteadFort Investment on August 27, 2026.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 103 | 105 | 115 | 124 | 115 | 126 | 121 | 136 | 124 | 137 | 164 | 175 | 163 |
| Expenses + | 68 | 71 | 84 | 74 | 80 | 85 | 79 | 77 | 85 | 88 | 106 | 105 | 108 |
| Operating Profit | 35 | 34 | 30 | 50 | 35 | 41 | 42 | 59 | 40 | 49 | 57 | 70 | 55 |
| OPM % | 34.0% | 32.0% | 26.0% | 40.0% | 31.0% | 33.0% | 35.0% | 43.0% | 32.0% | 36.0% | 35.0% | 40.0% | 34.0% |
| Other Income + | 18 | 16 | 17 | 24 | 18 | 20 | 19 | 21 | 24 | 21 | 9 | 14 | 32 |
| Interest | 0 | 0 | 3 | 7 | 2 | 0 | 1 | 1 | 2 | 1 | 1 | 1 | 0 |
| Depreciation | 2 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 10 | 10 | 11 |
| Profit before tax | 50 | 47 | 41 | 62 | 47 | 57 | 56 | 74 | 58 | 64 | 55 | 73 | 76 |
| Tax % | 18.0% | 32.0% | 20.0% | 24.0% | 24.0% | 35.0% | 24.0% | 24.0% | 27.0% | 25.0% | 29.0% | 28.0% | 26.0% |
| Net Profit + | 41 | 32 | 32 | 47 | 36 | 37 | 42 | 56 | 43 | 48 | 39 | 53 | 56 |
| EPS in Rs | 42 | 33 | 33 | 49 | 37 | 38 | 44 | 58 | 44 | 50 | 40 | 54 | 58 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 322 | 341 | 333 | 309 | 328 | 321 | 301 | 343 | 403 | 446 | 498 | 600 | 638 |
| Expenses + | 252 | 240 | 231 | 194 | 215 | 225 | 220 | 222 | 260 | 297 | 320 | 384 | 408 |
| Operating Profit | 70 | 101 | 102 | 115 | 113 | 96 | 81 | 121 | 143 | 149 | 178 | 215 | 230 |
| OPM % | 22.0% | 30.0% | 31.0% | 37.0% | 34.0% | 30.0% | 27.0% | 35.0% | 35.0% | 33.0% | 36.0% | 36.0% | 36.0% |
| Other Income + | 42 | 27 | 39 | 49 | 45 | 48 | 43 | 41 | 50 | 75 | 77 | 68 | 76 |
| Interest | 2 | 1 | 0 | 0 | 0 | 2 | 2 | 2 | 1 | 10 | 5 | 4 | 3 |
| Depreciation | 10 | 10 | 9 | 8 | 6 | 10 | 10 | 8 | 10 | 13 | 16 | 28 | 35 |
| Profit before tax | 100 | 118 | 132 | 157 | 152 | 131 | 112 | 152 | 181 | 200 | 234 | 250 | 268 |
| Tax % | 35.0% | 35.0% | 33.0% | 35.0% | 30.0% | 26.0% | 26.0% | 25.0% | 25.0% | 24.0% | 27.0% | 27.0% | — |
| Net Profit + | 66 | 76 | 89 | 101 | 106 | 97 | 83 | 114 | 137 | 152 | 171 | 183 | 196 |
| EPS in Rs | 65 | 76 | 89 | 102 | 109 | 100 | 85 | 116 | 140 | 157 | 176 | 188 | 202 |
| Dividend Payout % | 37.0% | 33.0% | 30.0% | 29.0% | 27.0% | 27.0% | 32.0% | 24.0% | 93.0% | 64.0% | 34.0% | 56.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reserves | 419 | 466 | 539 | 645 | 631 | 692 | 748 | 834 | 941 | 967 | 1,044 | 1,171 |
| Borrowings + | 10 | 0 | 0 | 0 | 0 | 0 | 17 | 14 | 13 | 13 | 13 | 18 |
| Other Liabilities + | 144 | 151 | 111 | 116 | 128 | 144 | 121 | 121 | 138 | 195 | 225 | 282 |
| Total Liabilities | 583 | 627 | 660 | 771 | 769 | 846 | 896 | 978 | 1,101 | 1,184 | 1,292 | 1,481 |
| Fixed Assets + | 91 | 92 | 37 | 36 | 34 | 54 | 46 | 46 | 47 | 91 | 90 | 313 |
| CWIP | 0 | 1 | 1 | 0 | 1 | 2 | 3 | 2 | 1 | 1 | 4 | 2 |
| Investments | 257 | 185 | 311 | 338 | 182 | 104 | 177 | 454 | 689 | 813 | 773 | 730 |
| Other Assets + | 234 | 350 | 312 | 396 | 552 | 685 | 669 | 478 | 364 | 278 | 426 | 436 |
| Total Assets | 583 | 627 | 660 | 771 | 769 | 846 | 896 | 978 | 1,101 | 1,184 | 1,292 | 1,481 |
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 67 | 71 | 63 | 62 | 81 | 21 | 76 | 97 | 99 | 107 | 145 | 157 |
| Cash from Investing Activity + | -31 | -40 | -12 | -54 | 45 | 11 | -32 | -72 | -77 | 28 | -17 | -95 |
| Cash from Financing Activity + | -29 | -40 | -69 | 4 | -121 | -41 | -32 | -31 | -32 | -137 | -103 | -67 |
| Net Cash Flow | 7 | -9 | -17 | 12 | 5 | -8 | 12 | -7 | -10 | -2 | 25 | -5 |
| CFO/OP | 141 | 114 | 104 | 98 | 109 | 59 | 131 | 114 | 103 | 106 | 113 | 103 |
| Free Cash Flow | 63 | 61 | 60 | 63 | 81 | 17 | 74 | 91 | 90 | 100 | 133 | 145 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Others | 0.33% | 0.33% | 0.33% | 0.33% | 0.32% | 0.32% | 0.32% | 0.32% | 0.29% | 0.29% | 0.29% | 0.27% |
| Public | 15.66% | 15.38% | 15.34% | 15.62% | 14.94% | 14.82% | 14.86% | 14.78% | 14.82% | 15.06% | 15.41% | 16.7% |
| Promoters | 51.86% | 51.86% | 51.86% | 51.86% | 51.86% | 51.86% | 51.86% | 51.86% | 51.86% | 51.86% | 51.86% | 51.86% |
| FII | 8.15% | 8.22% | 8.42% | 8.59% | 8.77% | 9.06% | 8.78% | 8.66% | 6.87% | 7.25% | 7.92% | 6.9% |
| DII | 23.98% | 24.21% | 24.05% | 23.6% | 24.09% | 23.92% | 24.17% | 24.38% | 26.15% | 25.55% | 24.51% | 24.27% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Financial Services — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Icra Limited (this stock) | 4,287 | 21.8 | 3.63 | 16.7% |
| Pilani Inv & Ind Cor Ltd | 4,446 | 156.0 | 0.28 | 0.2% |
| Share Ind. Securities Ltd | 4,587 | 12.6 | 1.75 | 13.0% |
| Asset Reconstruc Co (i) L | 4,694 | 13.4 | — | 9.77% |
| Network People Srv Tech L | 3,748 | 83.9 | 8.51 | 15.0% |
| Northern Arc Capital Ltd | 4,869 | 11.1 | 1.25 | 11.1% |
| Care Ratings Limited | 4,921 | 27.7 | 5.25 | 19.7% |
Which Mutual Funds Hold Icra Limited?
Frequently Asked Questions about Icra Limited
Icra Limited (ICRA) closed at ₹4,310.4 on NSE on 28 September 2026, down 67.5 (1.54%) from the previous close.
Icra Limited trades on the NSE (National Stock Exchange of India) under the symbol ICRA.
Icra Limited has a trailing twelve-month P/E (price-to-earnings) ratio of 21.8.
Icra Limited has a dividend yield of 1.58%.
Icra Limited's 52-week high is ₹6,628.0 and its 52-week low is ₹4,421.0.
Icra Limited has a market capitalisation of ₹4,287 crore.
Icra Limited has a TopFund Quality Score of 67/100 (Good), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
Community Sentiment
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