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5328

ICRABSE:532835 Stock Report

Market Cap

₹35.1b

7D

3.1%

1Y

30.5%

Updated

23 Sep, 2021

Data

Company Financials
532835 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends4/6

532835 Overview

ICRA Limited operates as an independent and professional investment information, and credit rating agency in India and internationally.

Rewards

Pays a reliable dividend of 0.74%

Risk Analysis

No risks detected for 532835 from our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for ICRA
Historical stock prices
Current Share Price₹3,646.65
52 Week High₹2,555.00
52 Week Low₹4,158.60
Beta0.43
1 Month Change2.01%
3 Month Change13.01%
1 Year Change30.55%
3 Year Change3.56%
5 Year Change-5.33%
Change since IPO357.20%

Recent News & Updates

Shareholder Returns

532835IN Capital MarketsIN Market
7D3.1%-1.1%0.3%
1Y30.5%65.2%71.8%

Return vs Industry: 532835 underperformed the Indian Capital Markets industry which returned 61.1% over the past year.

Return vs Market: 532835 underperformed the Indian Market which returned 65.2% over the past year.

Price Volatility

Is 532835's price volatile compared to industry and market?
532835 volatility
532835 Beta0.43
Industry Beta0.79
Market Beta1

Stable Share Price: 532835 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 532835's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1991419Narayanaswami Sivaramanhttps://www.icra.in

ICRA Limited operates as an independent and professional investment information, and credit rating agency in India and internationally. The company operates through Rating, Research and Other Services; Consulting Services; and Outsourced and Information Services segments. It offers credit, debt, bank loan, structured finance, issuer, project finance, mutual fund, fund management quality, and insurance financial strength rating services.

ICRA Fundamentals Summary

How do ICRA's earnings and revenue compare to its market cap?
532835 fundamental statistics
Market Cap₹35.08b
Earnings (TTM)₹887.99m
Revenue (TTM)₹3.11b

39.5x

P/E Ratio

11.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
532835 income statement (TTM)
Revenue₹3.11b
Cost of Revenue₹1.87b
Gross Profit₹1.25b
Expenses₹358.17m
Earnings₹887.99m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)92.31
Gross Margin40.03%
Net Profit Margin28.52%
Debt/Equity Ratio2.2%

How did 532835 perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

29%

Payout Ratio

Valuation

Is ICRA undervalued compared to its fair value and its price relative to the market?

39.5x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 532835 (₹3646.65) is trading above our estimate of fair value (₹795.23)

Significantly Below Fair Value: 532835 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 532835 is poor value based on its PE Ratio (39.5x) compared to the Indian Capital Markets industry average (16.3x).

PE vs Market: 532835 is poor value based on its PE Ratio (39.5x) compared to the Indian market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 532835's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 532835 is overvalued based on its PB Ratio (4.6x) compared to the IN Capital Markets industry average (0.8x).


Future Growth

How is ICRA forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.1%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as ICRA has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has ICRA performed over the past 5 years?

3.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532835 has high quality earnings.

Growing Profit Margin: 532835's current net profit margins (28.5%) are lower than last year (29.6%).


Past Earnings Growth Analysis

Earnings Trend: 532835's earnings have grown by 3% per year over the past 5 years.

Accelerating Growth: 532835's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 532835 had negative earnings growth (-4.2%) over the past year, making it difficult to compare to the Capital Markets industry average (65%).


Return on Equity

High ROE: 532835's Return on Equity (11.8%) is considered low.


Financial Health

How is ICRA's financial position?


Financial Position Analysis

Short Term Liabilities: 532835's short term assets (₹4.9B) exceed its short term liabilities (₹1.2B).

Long Term Liabilities: 532835's short term assets (₹4.9B) exceed its long term liabilities (₹188.8M).


Debt to Equity History and Analysis

Debt Level: 532835's debt to equity ratio (2.2%) is considered satisfactory.

Reducing Debt: 532835's debt to equity ratio has increased from 0.06% to 2.2% over the past 5 years.

Debt Coverage: 532835's debt is well covered by operating cash flow (450.3%).

Interest Coverage: 532835 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is ICRA current dividend yield, its reliability and sustainability?

0.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 532835's dividend (0.74%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: 532835's dividend (0.74%) is low compared to the top 25% of dividend payers in the Indian market (1.47%).


Stability and Growth of Payments

Stable Dividend: 532835's dividends per share have been stable in the past 10 years.

Growing Dividend: 532835's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.2%), 532835's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average management tenure


CEO

Narayanaswami Sivaraman (63 yo)

1.08yrs

Tenure

₹39,357,949

Compensation

Mr. Narayanaswami S. Sivaraman has been Managing Director, Group Chief Executive Officer and Director at ICRA Limited since August 10, 2020 and its BR Head since February 5, 2021 also served as its Additio...


CEO Compensation Analysis

Compensation vs Market: Narayanaswami's total compensation ($USD533.29K) is above average for companies of similar size in the Indian market ($USD305.76K).

Compensation vs Earnings: Insufficient data to compare Narayanaswami's compensation with company performance.


Leadership Team

Experienced Management: 532835's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: 532835's board of directors are considered experienced (6.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

ICRA Limited's employee growth, exchange listings and data sources


Key Information

  • Name: ICRA Limited
  • Ticker: 532835
  • Exchange: BSE
  • Founded: 1991
  • Industry: Financial Exchanges and Data
  • Sector: Diversified Financials
  • Market Cap: ₹35.078b
  • Shares outstanding: 9.62m
  • Website: https://www.icra.in

Number of Employees


Location

  • ICRA Limited
  • Building No. 8
  • 2nd Floor
  • Gurugram
  • Haryana
  • 122002
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 15:56
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.