I

ICRA Limited

ICRANSE
Market snapshot · 2026-08-11 10:34 UTC

5,069.40

₹-23.90 (-0.47%)

MARKET CAP

₹4.88K Cr

STOCK P/E

25.0x

52W HIGH

₹6,982.00

52W LOW

₹4,692.00

BOOK VALUE

₹1,226.87

EPS

₹202.71

ROE

SECTOR

Financials

DEBT/EQUITY

VOLUME

40,566

P/B RATIO

4.13x

PEG RATIO

0.77

Sector

Financials

Themes

Stock Exchanges & Ratings
D
Dividend
E
Earnings
₹6,494.23₹6,071.67₹5,649.12₹5,226.56₹4,804.00VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for ICRA.

2.00 analysts

Price Forecast

Current
₹5,069
High Target
₹6,617
▲ +30.5%
Median Target
₹6,509
▲ +28.4%
Low Target
₹6,400
▲ +26.2%
Now₹5,069High ₹6,617Median ₹6,509Low ₹6,400Aug '25Now12M Target
Price history (1Y)
Analyst target range
2 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹4,507 - ₹5,91480%
6M₹4,338 - ₹6,37280%
12M₹4,155 - ₹7,15780%
Realized vol: +21.2% · Drift: +9.5%

Revenue Forecast

₹ Cr
Jun '26Current₹82.0
Sep 2026 ETrend estimate range
High₹101.4Base₹93.9Low₹86.4
Sep '25: ₹82.0 · Dec '25: ₹85.0 · Mar '26: ₹89.0 · Jun '26: ₹82.0 · Sep '26: ₹93.9 · Dec '26: ₹97.3
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E82.085.089.082.093.997.3
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹36.36
Sep 2026 ETrend estimate range
High₹35.52Base₹31.72Low₹27.91
Sep '25: ₹32.03 · Dec '25: ₹30.32 · Mar '26: ₹37.72 · Jun '26: ₹36.36 · Sep '26: ₹31.72 · Dec '26: ₹30.02
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E32.0330.3237.7236.3631.7230.02
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
74%
Analyst Consensus
Positive

From 2 analysts

Mean upside+28.4%

Fundamentals

Strong

Fundamentals institutional score is 74 using growth durability 73.5.

Valuation

Attractive relative to peers

Valuation institutional score is 83 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 96 using mean target upside 28.4%; dispersion penalty 1.3; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 50 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 10 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and valuation provide support, while technical structure remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Attractive relative to peersAnalyst Consensus PositiveTechnical Structure Mixed MomentumMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price6,508.5 target
Mean Upside+28.4%
Technical Score50%
Fundamental Score74%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 9.3% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -1.2). Confidence: 91%.

Live forward EPS implies next-12-month EPS of ₹259.54. Applying the stock's normalized valuation corridor produces a fair range of ₹6,758.42 to ₹7,825.13, with base value near ₹7,152.92 (+41.1% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹259.54

Forward P/E

19.5x

Base Fair Value

₹7,152.92

Fair Range

₹6,758.42 - ₹7,825.13

Upside To Base

+41.1%

Estimate Source

Live forward EPS

Growth Estimate

+32.3%

P/B
Strongly Undervalued

5Y Average

5.11

Current

4.13

Overvalued

5.88

Undervalued

4.34

P/E
Strongly Undervalued

5Y Average

24.73

Current

25.01

Overvalued

30.15

Undervalued

26.04

P/S
Fair

5Y Average

7.56

Current

7.64

Overvalued

8.54

Undervalued

6.21

Peers & Comparison

Sector: Financials · Theme: Stock Exchanges & Ratings

Stock Exchanges & Ratings Business Peers2 peers
Avg P/E: 63.6x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
INDIAN ENERGY EXC LTD
IEXPower Trading & Consultancy
+10.1%66.2%
22.3x
Undervalued
-65% vs avg
-8.5%
KRN HEAT EXCHANGE N REF L
KRNElectrical Components & Equipments
+36.5%12.7%
105.0x
Premium
+65% vs avg
+34.1%
Stock Exchanges & Ratings Theme Peers5 peers
Avg P/E: 42x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
MULTI COMMODITY EXCHANGE
MCXStock Exchanges & Ratings
+85.3%55.6%
47.9x
Fair
+14% vs avg
+73.6%
CENTRAL DEPO SER (I) LTD
CDSLStock Exchanges & Ratings
+4.2%36.9%
59.5x
Premium
+42% vs avg
-13.6%
GACM TECHNOLOGIES LIMITED
GATECHStock Exchanges & Ratings
+14.4%37.5%
10.0x
Undervalued
-76% vs avg
+43.5%
NATIONAL SECURITIES DEPOSITORY LTD
NATIONAL SECURITIES DEPOSITORY LTDStock Exchanges & Ratings
BSE LIMITED
BSEStock Exchanges & Ratings
+64.0%48.9%
50.4x
Premium
+20% vs avg
+50.1%
WHY THESE PEERS

Comparable-scale peer data is limited — showing nearest stored business/industry peers instead of an empty comparison.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹82 CrJun 2026

Latest net profit

₹35 CrJun 2026

Latest EPS

₹36.36Jun 2026

Net margin

34.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%15.0%30.0%45.0%60.0%0.00 Cr25 Cr50 Cr75 Cr100 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr25 Cr50 Cr75 Cr100 Cr₹0₹10₹20₹30₹40
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr25 Cr50 Cr75 Cr100 Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr300 Cr600 Cr900 Cr1.20K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +58586470637271817282858982
Expenses +42445244465148445254535054
Operating Profit16141226172123362028314027
OPM %27%24%19%37%26%29%32%45%27%35%37%44%34%
Other Income +16411618174620202216121223
Interest0030000000000
Depreciation2222222222222
Profit before tax30532341316540534042414948
Tax %13%18%13%18%21%23%21%21%24%26%28%26%26%
Net Profit +26432034255031423031293635
EPS in Rs26.9844.9120.9334.7825.6152.1532.2243.5731.2432.0330.3237.7236.36
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters51.87%51.87%51.87%51.87%51.87%
FII8.78%8.66%6.87%7.25%7.92%
DII24.46%24.67%26.41%25.81%24.77%
Public10.93%10.87%10.89%10.89%11.04%
Others3.96%3.93%3.96%4.18%4.40%
Mar 2026
Promoters
FII
DII
Public
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Jul 31, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Jul 31, 2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

Jul 30, 2026PDFCompany Reports Open