ICRA Ltd (ICRA) — shareholding pattern, promoter holding, financials and share price
About ICRA Ltd (ICRA)
ICRA Ltd operates in the Ratings industry, within the Financial Services sector. It trades on the NSE as ICRA and on the BSE under scrip code 532835. Its ISIN is INE725G01011.
ICRA Limited was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional investment Information and Credit Rating Agency. [1] It is involved in rating, management consulting and outsourcing and information services etc. [2]
ICRA Limited is a leading Indian credit rating agency that provides ratings, research, analytics and data-driven risk solutions to banks, NBFCs, corporates, asset managers and infrastructure investors, and has evolved into a group with analytics subsidiaries and productised data offerings alongside core ratings services.
Q3 FY2026 revenue rose 35.3% year-on-year to ₹163.6 crore and 9M revenue grew 17.4% to ₹424.7 crore, driven by strong performance in Ratings and a buoyant Research & Analytics segment where the Fintellix acquisition materially contributed to revenue and EBITDA in the quarter.
Listed peers in Ratings: Citius Transnet Investment Trust, NDR INVIT Trust, Shrem InvIT, Canara Robeco Asset Management Company Ltd, CARE Ratings Ltd, Share India Securities Ltd.
Valuation & Returns
10 Jul 2026At ₹5,295.1 a share on 10 Jul 2026, ICRA Ltd (ICRA) was valued at a price-to-earnings ratio of 28x against an industry P/E of 43.11x and a price-to-book of 4.33x on a book value of ₹1,223.41 per share as of Mar 2026. Solomo computes return on equity of 15.46% and return on capital employed of 21.26% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 28x
- Industry P/E
- 43.11x
- P/B
- 4.33x
- EPS (TTM)
- ₹189.13
- Book value / share
- ₹1,223.41
- ROE
- 15.46%
- ROCE
- 21.26%
- ROA
- 12.28%
- Debt / equity
- 0.02x
- Dividend yield
- 1.13%
- EBITDA margin
- 47.23%
- 52-week range
- ₹4,905.15 – ₹7,135.35
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, ICRA Ltd (ICRA) reported revenue of ₹600 crore, net profit of ₹183 crore and earnings per share of ₹188.08. That compares with revenue of ₹498 crore and net profit of ₹171 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹175 crore and net profit ₹53 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 343 | 403 | 446 | 498 | 600 |
| Net profit (₹ cr) | 114 | 137 | 152 | 171 | 183 |
| EPS (₹) | 116.35 | 140.13 | 156.55 | 176.15 | 188.08 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 5.04% | 12.61% | 13.83% | 20.38% |
| Profit growth | 2.90% | 19.07% | 9.72% | 6.62% |
| Stock price CAGR | 3% | 8% | -1% | -25% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 51.87% of ICRA Ltd (ICRA) (unchanged from the previous quarter), foreign institutional investors (FII) hold 6.9% and domestic institutional investors (DII) hold 24.27%. Market capitalisation was ₹5,110 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2010.
Largest disclosed public shareholders in Jun 2026: Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund 8.39%, Parag Parikh Flexi Cap Fund 3.04%, Canara Robeco Mutual Fund A/C Canara Robeco Small Cap Fund 2.82%, Sbi Infrastructure Fund 2.52%, Pari Washington India Master Fund, Ltd. 2.19%, Tencore Partners Master Ltd. 1.76%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 51.87% | - | 6.9% | 24.27% | 47.86% |
| Mar 2026 | 51.87% | - | 7.92% | 24.52% | 47.85% |
| Dec 2025 | 51.87% | - | 7.25% | 25.54% | 47.85% |
| Sep 2025 | 51.87% | - | 6.87% | 26.16% | 47.85% |
| Jun 2025 | 51.87% | - | 8.66% | 24.38% | 47.82% |
| Mar 2025 | 51.87% | - | 8.78% | 24.17% | 47.82% |
| Dec 2024 | 51.87% | - | 9.06% | 23.92% | 47.82% |
| Sep 2024 | 51.87% | - | 8.77% | 24.13% | 47.81% |