ICRA Complete Financial Statements
12 Years of Data
2026 - 2015
In FY2026, ICRA (ICRA) reported revenue ₹189 Cr, net profit ₹53 Cr and EPS ₹54.50, with a net profit margin of 28.0% and ROE of 4.5%. Full financial statements from FY2015 to FY2026 (12 years) — income statement, balance sheet and cash flow in ₹ Crores. Download as Excel or CSV. Review ICRA P/E valuation to evaluate earnings-based valuation against sector peers.
Complete Financial Data Export
Profitability Ratios
Net Profit Margin
28.04%
2026 data
EBITDA Margin
44.44%
2026 data
Operating Margin
40.00%
2026 data
Return on Assets
3.57%
2026 data
Return on Equity
4.49%
2026 data
Balance Sheet Ratios
Current Ratio
16.30
2026 data
Equity Ratio
79.48%
2026 data
Asset Turnover
0.13
2026 data
ICRA Revenue, Net Profit & EBITDA — Year-on-Year Growth
ICRA YoY (Mar 2025 vs Mar 2026) — revenue +20.4%, net profit -5.4%, EBITDA +5.0%, expenses +36.4%. For live price, earnings ratios and company overview, see ICRA screener.
Revenue Growth
+20.4%
Year-over-Year
Net Profit Growth
-5.4%
Year-over-Year
EBITDA Growth
+5.0%
Year-over-Year
Expense Growth
+36.4%
Year-over-Year
Assets Growth
+14.8%
Year-over-Year
Equity Growth
+11.6%
Year-over-Year
Operating Cash Flow Growth
+35.5%
Year-over-Year
Investing Cash Flow Growth
-160.7%
Year-over-Year
Financing Cash Flow Growth
+24.8%
Year-over-Year
ICRA Income Statement — Revenue, EBITDA & Net Profit
ICRA revenue ₹189 Cr, EBITDA ₹84 Cr, net profit ₹53 Cr, EPS ₹54.50 (2026) — net profit margin 28.0%. Explore ICRA intrinsic price to estimate fundamental worth using multiple valuation models.
Periods
₹ Crores
| Particulars | Mar 2026 | Sept 2025 | Mar 2025 | Jun 2025 | Dec 2025 | Sept 2024 | Mar 2024 | Jun 2024 | Dec 2024 | Sept 2023 | Mar 2023 | Jun 2023 | Dec 2023 | Sept 2022 | Mar 2022 | Jun 2022 | Dec 2022 | Sept 2021 | Mar 2021 | Jun 2021 | Dec 2021 | Sept 2020 | Mar 2020 | Jun 2020 | Dec 2020 | Sept 2019 | Mar 2019 | Jun 2019 | Dec 2019 | Sept 2018 | Mar 2018 | Jun 2018 | Dec 2018 | Sept 2017 | Mar 2017 | Jun 2017 | Dec 2017 | Sept 2016 | Mar 2016 | Jun 2016 | Dec 2016 | Sept 2015 | Mar 2015 | Jun 2015 | Dec 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 189 | 158 | 157 | 149 | 179 | 146 | 148 | 133 | 140 | 121 | 125 | 121 | 132 | 112 | 104 | 100 | 118 | 93 | 92 | 91 | 96 | 83 | 100 | 81 | 89 | 90 | 95 | 89 | 91 | 93 | 100 | 89 | 96 | 84 | 89 | 82 | 93 | 101 | 97 | 97 | 87 | 93 | 96 | 86 | 91 |
| Expenses | 105 | 88 | 77 | 85 | 113 | 85 | 74 | 80 | 79 | 71 | 71 | 68 | 84 | 63 | 55 | 61 | 67 | 60 | 58 | 55 | 52 | 54 | 55 | 55 | 53 | 59 | 56 | 55 | 57 | 54 | 52 | 51 | 54 | 48 | 49 | 45 | 49 | 63 | 64 | 62 | 58 | 60 | 59 | 58 | 59 |
| EBITDA | 84 | 69 | 80 | 64 | 66 | 61 | 74 | 53 | 61 | 50 | 54 | 52 | 47 | 49 | 49 | 39 | 51 | 33 | 34 | 35 | 44 | 29 | 45 | 26 | 36 | 31 | 39 | 34 | 34 | 39 | 48 | 38 | 41 | 37 | 40 | 36 | 44 | 39 | 33 | 35 | 29 | 33 | 37 | 28 | 33 |
| Operating Profit Margin % | 40.00% | 36.00% | 43.00% | 32.00% | 31.00% | 33.00% | 40.00% | 31.00% | 35.00% | 32.00% | 35.00% | 34.00% | 26.00% | 36.00% | 41.00% | 34.00% | 35.00% | 27.00% | 29.00% | 31.00% | 40.00% | 25.00% | 37.00% | 21.00% | 31.00% | 24.00% | 33.00% | 29.00% | 28.00% | 33.00% | 37.00% | 36.00% | 36.00% | 36.00% | 38.00% | 35.00% | 41.00% | 32.00% | 31.00% | 29.00% | 23.00% | 29.00% | 36.00% | 24.00% | 33.00% |
| Depreciation | 10 | 4 | 5 | 4 | 10 | 4 | 5 | 4 | 4 | 3 | 3 | 2 | 4 | 2 | 2 | 2 | 3 | 2 | 3 | 2 | 2 | 3 | 3 | 2 | 3 | 3 | 2 | 2 | 3 | 1 | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 3 | 2 | 3 |
| Interest | 1 | 1 | 1 | 2 | 1 | 0 | 7 | 2 | 1 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Profit Before Tax | 73 | 64 | 74 | 58 | 55 | 57 | 62 | 47 | 56 | 47 | 51 | 50 | 41 | 46 | 47 | 37 | 48 | 31 | 31 | 33 | 41 | 26 | 42 | 23 | 33 | 27 | 37 | 32 | 31 | 38 | 46 | 37 | 40 | 35 | 38 | 35 | 42 | 36 | 31 | 33 | 27 | 31 | 35 | 26 | 26 |
| Tax | 20 | 16 | 18 | 16 | 16 | 20 | 15 | 11 | 14 | 15 | 12 | 9 | 8 | 9 | 13 | 15 | 9 | 7 | 8 | 9 | 10 | 7 | 7 | 6 | 8 | 8 | 11 | 11 | 8 | 11 | 18 | 12 | 13 | 10 | 12 | 12 | 15 | 12 | 11 | 10 | 11 | 10 | 12 | 9 | 7 |
| Net Profit | 53 | 48 | 56 | 43 | 39 | 37 | 47 | 36 | 42 | 32 | 39 | 41 | 32 | 37 | 34 | 22 | 39 | 24 | 23 | 24 | 31 | 19 | 35 | 17 | 25 | 19 | 26 | 21 | 23 | 27 | 28 | 25 | 27 | 25 | 26 | 23 | 27 | 24 | 19 | 23 | 16 | 21 | 23 | 17 | 20 |
| Earnings Per Share (₹) | 54.50 | 49.68 | 57.94 | 44.11 | 40.34 | 38.18 | 48.72 | 36.92 | 43.69 | 33.03 | 39.89 | 41.90 | 33.42 | 38.19 | 34.73 | 22.09 | 40.42 | 25.01 | 23.08 | 24.90 | 32.10 | 19.18 | 35.95 | 17.48 | 25.15 | 19.85 | 27.19 | 21.10 | 23.08 | 27.17 | 27.82 | 25.56 | 27.49 | 24.38 | 25.96 | 23.11 | 27.08 | 24.40 | 19.67 | 23.28 | 17.61 | 20.93 | 23.48 | 16.79 | 20.17 |
ICRA Balance Sheet — Assets, Liabilities & Shareholders' Equity
ICRA total assets ₹1,486 Cr, total equity ₹1,181 Cr, total liabilities ₹ Cr (2026) — ROE 4.5%.
Years
Annual Data
₹ Crores
| Particulars | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| Total Assets | 1,486 | 1,294 | 1,187 | 1,101 | 979 | 896 | 846 | 769 | 771 | 660 | 627 | 583 |
| Current Assets | 929 | 1,128 | 657 | 565 | 436 | 495 | 720 | 564 | 402 | 444 | 319 | 301 |
| Fixed Assets | 149 | 90 | 91 | 47 | 46 | 46 | 55 | 34 | 37 | 37 | 92 | 91 |
| Capital Work in Progress | 0 | 4 | 1 | 1 | 2 | 3 | 2 | 1 | 0 | 1 | 1 | 0 |
| Investments | 0 | 773 | 813 | 689 | 454 | 177 | 104 | 182 | 339 | 311 | 17 | 109 |
| Other Assets | 0 | 428 | 281 | 364 | 478 | 669 | 685 | 552 | 396 | 312 | 517 | 383 |
| LIABILITIES | ||||||||||||
| Total Liabilities | ||||||||||||
| Current Liabilities | 57 | 59 | 54 | 14 | 15 | 19 | 26 | 8 | 8 | 5 | 13 | 24 |
| Non-Current Liabilities | ||||||||||||
| SHAREHOLDERS' EQUITY | ||||||||||||
| Total Equity | 1,181 | 1,058 | 981 | 955 | 848 | 761 | 704 | 643 | 656 | 550 | 477 | 429 |
| Share Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves & Surplus | 1,171 | 1,044 | 967 | 941 | 834 | 748 | 692 | 631 | 645 | 539 | 466 | 419 |
ICRA Cash Flow Statement — Operating, Investing & Financing
ICRA operating cash flow ₹145 Cr, investing ₹-17 Cr, financing ₹-103 Cr, net cash flow ₹25 Cr (2025).
Periods
₹ Crores
| Particulars | March 2025 | March 2024 | March 2023 | March 2022 | March 2021 | March 2020 | March 2019 | March 2018 | March 2017 | March 2016 | March 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | 145 | 107 | 99 | 97 | 76 | 21 | 81 | 62 | 63 | 71 | 67 |
| Investing Activities | -17 | 28 | -77 | -72 | -32 | 11 | 45 | -54 | -12 | -40 | -31 |
| Financing Activities | -103 | -137 | -32 | -31 | -32 | -41 | -121 | 4 | -69 | -40 | -29 |
| Net Cash Flow | 25 | -2 | -10 | -7 | 12 | -8 | 5 | 12 | -17 | -9 | 7 |