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ICRA Ltd (ICRA)

₹5980.553.3%

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🔔 Dividend Alert

ICRA Ltd to trade ex-dividend on July 19th, with a dividend payment of ₹100.00 per share on August 19th

Overview
News
Financials
Q3 '23 Results
Technicals

Analyst Rating

based on 2 analysts

BUY

50.00%

Buy

0.00%

Hold

50.00%

Sell

Based on 2 analysts offering long term price targets for ICRA Ltd. An average target of ₹5868.5

Source: S&P Global Market Intelligence

ICRA Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹5,758
    ₹6,038
  • 52 Week's Low

    52 Week's High

    ₹4,983.4
    ₹6,450
1 Month Return+ 2.24 %
3 Month Return+ 7.78 %
1 Year Return+ 6.32 %
Previous Close₹5,789.50
Open₹5,876.35
Volume11.65K
Upper Circuit-
Lower Circuit-
Market Cap₹5,587.58Cr

Key Statistics

P/E Ratio36.86
PEG Ratio2.24
Market Cap₹5,587.58 Cr
P/B Ratio7.09
EPS100.75

Peer Comparison

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Parag Parikh Flexi Cap Direct GrowthParag Parikh Flexi Cap Direct Growth0.34%
Aditya Birla Sun Life ELSS Tax Saver Direct Plan GrowthAditya Birla Sun Life ELSS Tax Saver Direct Plan Growth0.91%
Aditya Birla Sun Life MNC Fund Direct Plan GrowthAditya Birla Sun Life MNC Fund Direct Plan Growth3.43%
Canara Robeco Small Cap Fund Direct GrowthCanara Robeco Small Cap Fund Direct Growth0.85%
Mahindra Manulife Small Cap Fund Direct GrowthMahindra Manulife Small Cap Fund Direct Growth1.21%

Company Information

ICRA Ltd is a leading credit rating agency in India, incorporated in 1991. It is a joint venture between Moody's Investors Service and ICRA Ltd. ICRA Ltd provides credit ratings and research services to banks, financial institutions, corporates, and governments. It operates in various lines of business, such as ratings and research, risk management, and consulting.

The company's top products include credit ratings, research, and advisory services. ICRA Ltd's ratings cover various sectors such as banking, financial services, infrastructure, manufacturing, and services. It also provides research services on various sectors such as banking, financial services, infrastructure, manufacturing, and services. Popular brands associated with ICRA Ltd include ICRA Online, ICRA Credit Ratings, and ICRA Credit Rating Services.

Share Price: ₹5980.55 per share as on 15 Jul, 2024 04:01 PM
Market Capitalisation: ₹5,587.58Cr as of today
Revenue: ₹123.96Cr as on March 2024 (Q1 24)
Net Profit: ₹47.06Cr as on March 2024 (Q1 24)
Listing date: 13 Apr, 2007
Chairperson Name: Arun Duggal
OrganisationICRA Ltd
HeadquartersGurugram
IndustryCredit Rating Agencies
E-voting on sharesClick here to vote

Key events for ICRA Ltd

  • ICRA Ltd to Trade Ex-Dividend in Three Days - 15 Jul, 2024

    ICRA Ltd (NSE:ICRA) is set to trade ex-dividend on July 19th. Shareholders who purchase the stock before this date will be eligible for a dividend payment of ₹100.00 per share, which will be paid out on August 19th. ICRA has a trailing yield of 1.7% and has delivered 16% dividend growth per year on average over the past 10 years.

  • ICRA Expects Increase in Government Revenue Receipts - 07 Jul, 2024

    Credit rating agency ICRA expects the Indian government's revenue receipts to increase due to higher RBI dividends and tax collections. The government is expected to set a fiscal deficit target of 4.9-5.0% for FY2025 without compromising on its capital expenditure target of Rs. 11.1 trillion.

  • ICRA Ltd Expected to Benefit from Upside in Tax and Non-Tax Receipts - 04 Jul, 2024

    ICRA's Chief Economist anticipates an upside of Rs. 1.2 trillion in tax and non-tax receipts for FY25, which includes surplus transfer from RBI and dividend from PSBs. However, the government may tweak the new tax regime for personal income tax.

  • ICRA Ltd to Benefit from AFS Reserve Inclusion - 28 Jun, 2024

    Anil Gupta, SVP and Co-Group Head at ICRA, has stated that the inclusion of Available-for-Sale (AFS) reserve in core equity capital will have a favourable impact on banks' capital ratios due to declining bond yields.

  • Icra Expects 80% of India's Power Generation Capacity to Come from Renewables - 21 Jun, 2024

    Rating agency Icra expects India to add 30 GW of power generation capacity this fiscal year, with over 80% coming from renewable energy. The strong project pipeline and favourable solar module pricing will help in the projected RE capacity addition of 25 GW. Icra's outlook for the thermal power segment is stable, following improved plant load factor and healthy demand growth.

  • ICRA Expects Moderation in Domestic Jewellery Consumption Growth - 18 Jun, 2024

    Rating agency ICRA expects the domestic jewellery consumption growth to moderate to about 8% in FY25 due to high gold prices and subdued consumer sentiments. The revenue growth of top 15 jewellers is likely to moderate to mid-to-high single digits, and wedding and festive demand is expected to be relatively muted. ICRA expects the share of recycled gold in the overall supply to continue to increase and rise by 6% in FY25.

  • ICRA Ltd's Operating Profit Margin to Remain Steady - 17 Jun, 2024

    Credit rating agency ICRA has stated that steady raw material costs will help maintain operating profit margins in the range of 15-18%. The analysis of 558 listed companies' performance in Q1 indicates an improvement in profit margins by 0.92% compared to last year.

Insights on ICRA Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 15.31% to 15.59% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 8.42% to 8.58% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, ICRA has outperformed top 5 stocks with highest market-cap in Professional Information Services

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 year, ICRA stock has moved up by 6.3%

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 3 quarters, 31.77 Cr → 46.87 Cr (in ₹), with an average increase of 16.3% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 4 quarters, 120.47 Cr → 147.64 Cr (in ₹), with an average increase of 6.5% per quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 51.87% of holdings in Jun 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, CARE Ratings Ltd has given 51.2% return, outperforming this stock by 44.9%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 17.21% to 16.64% in Jun 2024 quarter

ICRA Ltd Infographics

ICRA Ltd Q3 FY2023-2024 Results

ICRA's Q3 earnings show sharp rise in expenses!

  • ICRA's Q3 earnings show sharp rise in expenses!
  • Expenses jump by double digits as financing costs increase by 827%
  • Net profit remains stable as tax expense drops significantly for the quarter
  • ICRA has given strong long term returns to shareholders

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹123.96Cr
↑8.18%
Net Income
₹47.06Cr
↑45.20%
Net Profit Margin
37.96%
↑34.23%
2024Y/Y Change
Revenue
₹446.11Cr
↑10.63%
Net Income
₹152.24Cr
↑11.34%
Net Profit Margin
34.13%
↑0.65%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹879.77Cr
↑2.70%
Total Liabilities
₹138.34Cr
↑15.19%
Value in ₹ crore
2024Y/Y Change
Operating Cash Flow
₹56.56Cr
↑7.65%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
51.87%
0.00
Foreign Institutions
8.58%
1.97
Mutual Funds
16.64%
-3.28
Retail Investors
15.59%
1.85
Others
7.32%
1.60

Key Indicators

ICRA Ltd Valuation

ICRA Ltd in the last 5 years

  • Overview

  • Trends

Lowest (20.91x)

April 7, 2020

Today (36.86x)

July 12, 2024

Industry (45.02x)

July 12, 2024

Highest (42.04x)

April 7, 2021

LowHigh

Earnings and Dividends

  • ICRA Ltd Earnings Results

    ICRA Ltd’s net profit jumped 22.15% since last year same period to ₹46.87Cr in the Q4 2023-2024. On a quarterly growth basis, ICRA Ltd has generated 45.79% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • ICRA Ltd Dividends May,2024

    In the quarter ending March 2024, ICRA Ltd has declared dividend of ₹100 - translating a dividend yield of 3.97%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

ICRA Ltd is currently in a Bullish trading position according to technical analysis indicators.

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ICRA Ltd (ICRA) share price today is ₹5980.55

ICRA Ltd is listed on NSE

ICRA Ltd is listed on BSE

  • Today’s highest price of ICRA Ltd is ₹6038.
  • Today’s lowest price of ICRA Ltd is ₹5758.

PE Ratio of ICRA Ltd is 36.86

PE ratio = ICRA Ltd Market price per share / ICRA Ltd Earnings per share

Today’s traded volume of ICRA Ltd(ICRA) is 11.65K.

Today’s market capitalisation of ICRA Ltd(ICRA) is ₹5587.58Cr.

ICRA Ltd(ICRAPrice
52 Week High
₹6450
52 Week Low
₹4983.4

ICRA Ltd(ICRA) share price is ₹5980.55. It is down -7.28% from its 52 Week High price of ₹6450

ICRA Ltd(ICRA) share price is ₹5980.55. It is up 20.01% from its 52 Week Low price of ₹4983.4

ICRA Ltd(ICRAReturns
1 Day Returns
191.05%
1 Month Returns
2.24%
3 Month Returns
7.78%
1 Year Returns
6.32%