	C 2012 Mar 31	C 2013 Mar 31	C 2014 Mar 31	2015 Mar 31	2016 Mar 31	C 2017 Mar 31	2018 Mar 31	C 2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31	TTM Jun 30
	C 2012 Mar 31	C 2013 Mar 31	C 2014 Mar 31	2015 Mar 31	2016 Mar 31	C 2017 Mar 31	2018 Mar 31	C 2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31	TTM Jun 30
Period length: Source:	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M IR
Total Revenue	207.46	251.41	282.96	321.91	341.15	333.03	308.87	328.06	321.09	301.06	342.81	403.23	446.11	498.02	599.51	638.39
Cost of Operating Revenue	-	4.83	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	207.46	246.58	282.96	321.91	341.15	333.03	308.87	328.06	321.09	301.06	342.81	403.23	446.11	498.02	599.51	638.39
Gross Margin	100.0	98.1	100.0	100.0	100.0	100.0	100.0	100.0	100.0	100.0	100.0	100.0	100.0	100.0	100.0	100.0
Total Operating Expenses	149.57	196.38	203.19	241.22	249.59	238.49	201.27	220.68	235.34	229.41	229.93	270.15	310.81	336.58	412.13	442.72
Operating Profit	57.89	55.03	79.77	80.69	91.56	94.54	107.59	107.38	85.74	71.65	112.88	133.08	135.30	161.44	187.38	195.66
Operating Margin	27.9	21.9	28.2	25.1	26.8	28.4	34.8	32.7	26.7	23.8	32.9	33.0	30.3	32.4	31.3	30.6
Financing Income/(Expense) - Net	18.90	17.20	17.40	23.53	26.01	21.73	28.32	32.55	42.51	35.91	33.27	25.71	10.12	19.06	31.65	-3.23
Profit before Taxes	79.17	72.04	97.91	100.43	118.00	132.28	156.80	152.04	131.48	112.01	152.09	181.22	199.86	233.97	250.45	268.19
Income Taxes	25.31	13.23	28.98	34.85	41.57	41.79	55.62	46.09	34.24	29.32	38.55	44.49	47.62	62.77	67.91	71.96
Profit after Tax	54.01	59.16	68.93	65.45	76.24	88.57	100.70	105.40	96.17	81.66	112.29	135.24	151.09	170.01	181.52	195.24
PAT Margin	26.0	23.5	24.4	20.3	22.3	26.6	32.6	32.1	30.0	27.1	32.8	33.5	33.9	34.1	30.3	30.6
EPS - Basic - ex Extraordinary Items	54.01	59.16	68.93	66.77	77.56	91.68	102.39	108.03	99.98	84.89	116.73	140.59	157.07	176.72	188.63	202.88
EPS - Diluted - ex Extraordinary Items	54.01	59.16	68.93	66.32	77.21	91.41	102.25	107.98	99.98	84.89	116.73	140.59	157.00	176.50	188.32	202.54
EBIT	57.89	55.03	79.77	80.69	91.56	94.54	107.59	107.38	85.74	71.65	112.88	133.08	135.30	161.44	187.38	195.66
EBITDA	75.47	59.86	87.25	90.34	102.24	103.08	115.12	112.94	96.03	81.13	120.69	142.91	148.77	177.84	215.64	230.38
EBITDA Margin	36.4	23.8	30.8	28.1	30.0	31.0	37.3	34.4	29.9	26.9	35.2	35.4	33.3	35.7	36.0	36.1

Balance Sheet

Abridged

Understanding Balance Sheet

ICRA Ltd. balance sheet covering assets, liabilities, equity and borrowings across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	C 2012 Mar 31	C 2013 Mar 31	R 2014 Mar 31	2015 Mar 31	R 2016 Mar 31	C 2017 Mar 31	2018 Mar 31	R 2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	R 2024 Mar 31	C 2025 Mar 31	2026 Mar 31
	C 2012 Mar 31	C 2013 Mar 31	R 2014 Mar 31	2015 Mar 31	R 2016 Mar 31	C 2017 Mar 31	2018 Mar 31	R 2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	R 2024 Mar 31	C 2025 Mar 31	2026 Mar 31
Source:	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR
Total Current Assets	137	159	317	301	325	444	402	564	720	495	436	565	656	1,130	929
Long-Term Investments	192	193	70	159	215	153	309	146	45	327	467	457	401	32	191
Property Plant & Equipment - Net	22	21	51	44	44	33	35	32	53	44	39	40	41	40	46
Total Non-Current Assets	247	282	199	282	336	216	369	205	125	401	543	535	530	164	557
Total Assets	384	441	516	583	661	660	771	769	846	896	978	1,101	1,187	1,294	1,486
Total Current Liabilities	75	88	99	130	107	105	107	119	115	116	115	132	152	178	244
Long Term Debt	-	-	16	10	0	0	0	0	17	14	11	10	9	8	10
Total Non-Current Liabilities	15	9	28	24	12	5	8	8	26	19	15	14	54	59	57
Total Liabilities	90	97	128	154	119	110	114	126	141	135	131	146	206	237	301
Total Shareholders' Equity	302	339	388	429	541	549	655	641	702	758	844	950	976	1,053	1,181
Minority Interest	0	5	0	1	1	1	1	2	3	3	4	5	4	4	4
Total Equity	302	344	388	429	542	550	656	643	704	761	848	955	981	1,058	1,185
Total Liabilities & Equity	391	441	516	583	661	660	771	769	846	896	978	1,101	1,187	1,294	1,486

Cash Flow

Abridged

Understanding Cash Flow Statement

ICRA Ltd. cash flow statement covering operating, investing and financing activities across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	C 2012 Mar 31	C 2013 Mar 31	R 2014 Mar 31	R 2015 Mar 31	2016 Mar 31	R 2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31
	C 2012 Mar 31	C 2013 Mar 31	R 2014 Mar 31	R 2015 Mar 31	2016 Mar 31	R 2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31
Period length: Source:	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR
Operating CF bef Changes in Working Cap	48.92	48.53	69.55	62.76	76.90	87.62	94.54	96.12	101.63	102.38	101.97	125.77	120.55	139.99	168.32
Working Capital - Increase/(Decrease)	-4.33	-21.11	30.31	5.30	3.25	-5.19	-7.81	6.45	-41.21	20.41	16.74	-2.08	9.30	17.64	7.22
Net CF from Operating Activities	44.60	27.42	99.86	68.06	80.16	82.43	86.73	102.58	60.42	122.79	118.71	123.69	129.84	157.63	175.54
Capital Expenditures - Net	4.78	36.83	36.59	8.17	10.15	3.27	-0.90	0.10	3.88	2.28	5.17	8.85	6.82	12.23	12.12
Net CF from Investing Activities	-29.74	-9.73	-73.48	-35.25	-51.00	-8.82	-78.60	22.99	-29.98	-80.58	-94.76	-102.63	2.94	-31.10	-130.23
Dividends Paid - Cash - Total	20.21	23.24	22.00	23.00	24.00	24.59	26.70	29.72	29.06	26.29	26.45	27.89	126.35	97.46	58.77
Debt - LT & ST - Issuance/(Retirement) - Total	-	-	-	-	-10.13	-	-	-	-3.68	-3.69	-4.02	-2.87	-8.66	-4.20	-6.39
Net Cash Flow from Financing Activities	-16.05	-11.19	-25.73	-26.91	-39.02	-68.89	4.14	-120.94	-38.65	-29.97	-30.47	-30.77	-135.00	-101.66	-65.16
Free Cash Flow to Equity	39.82	-9.41	63.27	59.89	59.88	79.16	87.64	102.47	52.86	116.83	109.53	111.97	114.36	141.20	157.02
Free Operating CF net dividend	19.51	-33.35	40.62	36.41	45.79	52.47	56.37	68.14	27.29	92.99	87.04	86.71	-3.40	47.76	104.29
Free Operating CF	39.72	-10.10	62.62	59.41	69.79	77.06	83.06	97.86	56.36	119.28	113.49	114.60	122.95	145.22	163.05

Business Segment Analysis

FY End:

Mar 26

ICRA Ltd. business segment breakdown covering revenue, operating income and assets across key divisions for the selected financial year.

Capex

Ratings & ancillary services (57.3%)₹ 8.58 CrResearch & Analytics (42.7%)₹ 6.40 Cr

Revenue / Sales

Ratings & ancillary services (55.9%)₹ 336.45 CrResearch & Analytics (44.1%)₹ 265.81 Cr

Assets

Unallocated (67.5%)₹ 1,002.73 CrResearch & Analytics (25.0%)₹ 371.40 CrRatings & ancillary services (7.5%)₹ 111.97 Cr

Regional Segment Analysis

FY End:

Mar 26

ICRA Ltd. geographic revenue split showing domestic and international market performance across revenue and income for the selected financial year.

Revenue / Sales

EX- United States India (50.0%)₹ 599.51 CrIndia (Country) (33.3%)₹ 399.51 CrUnited States (14.4%)₹ 172.27 CrEx- USA and India (Outside India ) (2.3%)₹ 27.73 Cr

Historical Segment Analysis

Track how ICRA Ltd. segment contributions have evolved over multiple financial years to see which divisions are growing, shrinking or gaining strategic importance.

Capex

Sales

Assets

Business

Regional

Business

	2014 Mar 31	2015 Mar 31	2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31
	2014 Mar 31	2015 Mar 31	2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31
Ratings & ancillary services	4	4	2	2	3	3	3	2	2	7	12	9
Research & Analytics	-	-	-	-	-	-	-	-	-	-	7	6
Consulting Services	1	0	1	0	1	1	1	1	0	2	-	-
Outsourced & InformationServices	15	2	13	1	2	2	1	-	-	-	-	-
Professional & IT Services	18	2	0	-	-	-	-	-	-	-	-	-
Rating, research and other Services	4	4	2	2	3	3	3	2	2	7	-	-
Knowledge services	-	-	-	-	-	-	-	0	2	1	-	-
Market services	-	-	-	-	-	-	-	0	0	0	-	-

Frequently Asked Questions

What is the revenue of ICRA Ltd.?

The latest trailing twelve month revenue of ICRA Ltd. is ₹ 638.39 Cr, reflecting a 1-year growth of 25.74% and a 3-year CAGR of 15.58%. Annual and quarterly revenue trends are available in the Income Statement section.

What is the net profit of ICRA Ltd.?

The latest trailing twelve month net profit (PAT) of ICRA Ltd. is ₹ 195.24 Cr, with a 3-year earnings CAGR of 8.10%. Detailed profit history across annual and quarterly periods is in the Income Statement section.

What is the EBITDA of ICRA Ltd.?

The trailing twelve month EBITDA of ICRA Ltd. is approximately ₹ 199.53 Cr (based on an operating margin of 31.25%). EBITDA reflects core operating profitability before interest, taxes, depreciation and amortisation.

What is the EPS of ICRA Ltd.?

The trailing twelve month Earnings Per Share (EPS) of ICRA Ltd. is 202.63. EPS trends across annual and quarterly periods are visible in the Income Statement section.

What is the debt level of ICRA Ltd.?

The debt-to-equity ratio of ICRA Ltd. stands at 0.02. The interest coverage ratio is 62.02x, reflecting the company's ability to service debt from operating earnings. The full breakdown of total borrowings is in the Balance Sheet section.

What is the book value per share of ICRA Ltd.?

The estimated book value per share of ICRA Ltd. is 1,240.62 (derived from a P/B ratio of 4.03 and market price of ₹ 5,004.40), reflecting the net asset value attributable to each share. See the Balance Sheet section for a full breakdown.

What is the cash flow from operations of ICRA Ltd.?

The trailing twelve month operating cash flow of ICRA Ltd. is ₹ 175.54 Cr. Annual and quarterly cash flow data is available in the Cash Flow section of the Statements tab.

Does ICRA Ltd. report consolidated or standalone financials?

ICRA Ltd. reports consolidated financials. You can toggle between consolidated and standalone views using the switch at the top of each statement section.