ICRA Ltd Share Price (ICRA)

ICRA Forecasts Rs 1 Lakh Crore Potential for Indian Electric Two-Wheeler Component Market by 2030 - 23 Apr, 2024

ICRA projects the electric two-wheeler component market potential to exceed Rs 1 lakh crore by 2030, with e-passenger vehicle components foreseen at another Rs 50,000 crore. Auto ancillaries are investing in EV components space and collaborating on technological impediments. The PLI scheme, recent e-vehicle policy, and state incentives would accelerate capex.

ICRA Ltd's Domestic Mining and Construction Equipment Volumes Expected to Drop - 18 Apr, 2024

ICRA expects a 12-15% YoY decline in volumes for the domestic mining and construction equipment industry in FY2025, with revenues expected to contract by 9-12% and operating margins by 100-150 basis points. This is due to a slowdown in new project orders amidst Lok Sabha elections and monsoon-related impact on construction activities.

ICRA Sees Rise in Loan Delinquencies; Says EU Carbon Tax Unlikely to Impact Domestic Aluminium Producers - 10 Apr, 2024

Credit rating agency ICRA has revised the banking sector outlook to stable from positive due to a rise in delinquencies in retail loans. Additionally, ICRA believes that the European Union's proposed carbon tax will not significantly affect domestic primary aluminium producers.

ICRA Expects Muted Recovery in Revenues for Apparel Industry - 03 Apr, 2024

Credit rating agency ICRA expects a modest 8-9% recovery in revenues of its sample companies to Rs. 28,150 crore in FY2025 from Rs. 26,000 crore for FY2024, benefitting from the low base and with replenishment of stock in the US and EU regions. The outlook for the apparel industry remains stable, but operating margins may moderate to 9.8-10% in FY2024 due to weaker performance and contraction in volumes.