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ICRA (ICRA) Fair Value & Analysis

Financial Services · Market cap ₹51.6B

I ICRA ICRA · NSE
Price₹5,321
Fair Value₹2,452
Upside-53.9%
Quality62/100
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Evidence: High Range ₹1,839 – ₹5,369

Fair value as of: Jul 3, 2026

From 26 valuation models · updated today

Share price +3.3% over the past month.

Price vs Fair Value (12 months)

₹6,942 ₹5,003 Fair Value ₹2,452 Jul 2025 Jul 2026

12‑month range ₹5,003 – ₹6,942 · fair‑value band ₹1,839 – ₹5,369 · the ₹5,321 price screens above the ₹2,452 fair value. As of Jul 3, 2026.

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Analysis

ICRA (ICRA) currently trades at ₹5,321, while our model-based Fair Value estimate is ₹2,452 — implying the stock looks roughly 53.9% overvalued today. We read business quality at 62/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, ICRA generated revenue of ₹6.0B at a net margin of 30.3%. Revenue grew 4.1% year over year. It earns a return on equity of 16.3%. The balance sheet holds a net cash position of ₹241M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹6.0B
Revenue growth (YoY) +4.1%
Net margin 30.3%
Return on equity 16.3%
Free cash flow ₹1.6B FY2026
P/E ratio 28.4
More key figures
Operating margin 34.4%
EPS (TTM) ₹188.36
Dividend yield 1.3%
EPS growth (YoY) +32.3%
Net cash ₹241M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

ICRA reported revenue of ₹6.0B in FY2026 versus ₹3.4B in FY2022, a compound +15.2%/yr. Reported net income was ₹1.8B in FY2026, compounding +12.8%/yr from FY2022.

Revenue +15.2%/yr
FY22 ₹3.4B
FY23 ₹4.0B
FY24 ₹4.5B
FY25 ₹5.0B
FY26 ₹6.0B
Net income +12.8%/yr
FY22 ₹1.1B
FY23 ₹1.4B
FY24 ₹1.5B
FY25 ₹1.7B
FY26 ₹1.8B

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6 more Financial Data & Stock Exchanges stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

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Frequently asked questions

Is ICRA (ICRA) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹2,452 versus a price of ₹5,321 — about −54% (overvalued). Model-based estimate, not financial advice.
What is the fair value of ICRA?
Our model-based fair value for ICRA is ₹2,452 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹5,321.
What is the quality score of ICRA?
ICRA has a Quality Score of 62/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of ICRA (ICRA)?
ICRA reported trailing-twelve-month revenue of about ₹6.0B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of ICRA?
The net profit margin of ICRA is about 30.3%, meaning it keeps roughly 30.3% of revenue as net income. Based on the latest reported figures.
Does ICRA pay a dividend?
ICRA currently shows a dividend yield of about 1.32% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.