ICRA Future Growth

Future criteria checks 2/6

ICRA is forecast to grow earnings and revenue by 12.3% and 11.4% per annum respectively. EPS is expected to grow by 12.2% per annum. Return on equity is forecast to be 18.8% in 3 years.

Key information

12.3%

Earnings growth rate

12.2%

EPS growth rate

Capital Markets earnings growth	12.3%
Revenue growth rate	11.4%
Future return on equity	18.8%
Analyst coverage	Low
Last updated	30 May 2024

Recent future growth updates

The ICRA Limited (NSE:ICRA) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Jan 26

Recent updates

The ICRA Limited (NSE:ICRA) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Jan 26

How Much Did ICRA's(NSE:ICRA) Shareholders Earn From Share Price Movements Over The Last Five Years?

Nov 23

What Makes ICRA Limited (NSE:ICRA) A Great Dividend Stock?

Oct 16

Should You Buy ICRA Limited (NSE:ICRA) For Its Upcoming Dividend?

Sep 11

ICRA (NSE:ICRA) Share Prices Have Dropped 28% In The Last Five Years

Aug 25

Why Investors Shouldn't Be Surprised By ICRA Limited's (NSE:ICRA) P/E

Jul 21

Earnings and Revenue Growth Forecasts

NSEI:ICRA - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	6,300	2,191	1,761	1,949	2
3/31/2026	5,632	1,945	1,564	1,735	2
3/31/2025	5,041	1,719	1,388	1,544	2
3/31/2024	4,461	1,511	1,001	1,070	N/A
12/31/2023	4,312	1,426	N/A	N/A	N/A
9/30/2023	4,197	1,493	887	949	N/A
6/30/2023	4,134	1,543	N/A	N/A	N/A
3/31/2023	4,032	1,352	902	993	N/A
12/31/2022	3,879	1,303	N/A	N/A	N/A
9/30/2022	3,714	1,223	871	959	N/A
6/30/2022	3,555	1,096	N/A	N/A	N/A
3/31/2022	3,428	1,123	914	967	N/A
12/31/2021	3,312	1,011	N/A	N/A	N/A
9/30/2021	3,220	947	N/A	N/A	N/A
6/30/2021	3,113	888	N/A	N/A	N/A
3/31/2021	3,011	817	729	764	N/A
12/31/2020	3,060	940	N/A	N/A	N/A
9/30/2020	3,080	920	471	504	N/A
6/30/2020	3,137	927	N/A	N/A	N/A
3/31/2020	3,211	962	173	213	N/A
12/31/2019	3,177	864	N/A	N/A	N/A
9/30/2019	3,230	908	552	611	N/A
6/30/2019	3,264	989	N/A	N/A	N/A
3/31/2019	3,281	1,054	761	809	N/A
12/31/2018	3,269	1,056	N/A	N/A	N/A
9/30/2018	3,251	1,056	N/A	N/A	N/A
6/30/2018	3,178	1,034	N/A	N/A	N/A
3/31/2018	3,089	1,007	582	619	N/A
12/31/2017	3,002	847	N/A	N/A	N/A
9/30/2017	3,019	756	N/A	N/A	N/A
6/30/2017	3,097	748	N/A	N/A	N/A
3/31/2017	3,311	874	N/A	634	N/A
12/31/2016	3,447	716	N/A	N/A	N/A
9/30/2016	3,567	791	N/A	N/A	N/A
6/30/2016	3,494	779	N/A	N/A	N/A
3/31/2016	2,933	732	N/A	712	N/A
12/31/2015	3,402	799	N/A	N/A	N/A
9/30/2015	3,361	779	N/A	N/A	N/A
6/30/2015	3,294	601	N/A	N/A	N/A
3/31/2015	3,209	654	N/A	670	N/A
12/31/2014	3,091	645	N/A	N/A	N/A
9/30/2014	3,003	614	N/A	N/A	N/A
6/30/2014	2,927	742	N/A	N/A	N/A
3/31/2014	2,822	689	N/A	997	N/A
12/31/2013	2,756	726	N/A	N/A	N/A
9/30/2013	2,666	694	N/A	N/A	N/A
6/30/2013	2,590	673	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ICRA's forecast earnings growth (12.3% per year) is above the savings rate (6.7%).

Earnings vs Market: ICRA's earnings (12.3% per year) are forecast to grow slower than the Indian market (16% per year).

High Growth Earnings: ICRA's earnings are forecast to grow, but not significantly.

Revenue vs Market: ICRA's revenue (11.4% per year) is forecast to grow faster than the Indian market (9.6% per year).

High Growth Revenue: ICRA's revenue (11.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ICRA's Return on Equity is forecast to be low in 3 years time (18.8%).

ICRA Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

The ICRA Limited (NSE:ICRA) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Price target increased by 20% to ₹6,410

Price target increased to ₹4,472

Price target increased to ₹4,472

Price target lowered to ₹2,549

Recent updates

Full year 2024 earnings: EPS exceeds analyst expectations

Dividend of ₹100.00 announced

ICRA Limited, Annual General Meeting, Jul 23, 2024

ICRA Limited Recommends Dividend for the Year Ended March 31, 2024, Payable Not Later Than August 19, 2024

ICRA Limited to Report Q4, 2024 Results on May 23, 2024

ICRA Limited Announces Resignation of Michael Foley as Non-Executive and Non-Independent Director, Effective August 1, 2024

ICRA Limited to Report Q4, 2024 Results on May 15, 2024

The ICRA Limited (NSE:ICRA) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Third quarter 2024 earnings released: EPS: ₹33.42 (vs ₹40.42 in 3Q 2023)

Price target increased by 20% to ₹6,410

Second quarter 2024 earnings released: EPS: ₹33.03 (vs ₹38.19 in 2Q 2023)

ICRA Limited to Report Q2, 2024 Results on Oct 20, 2023

Senior Vice-President recently sold ₹3.0m worth of stock

ICRA Limited Declares Dividend for the Financial Year Ended March 31, 2023

Upcoming dividend of ₹130 per share at 0.7% yield

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

ICRA Limited to Report Q1, 2024 Results on Aug 03, 2023

ICRA's (NSE:ICRA) Dividend Will Be Increased To ₹130.00

ICRA's (NSE:ICRA) Dividend Will Be Increased To ₹117.00

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

ICRA Limited, Annual General Meeting, Aug 03, 2023

Third quarter 2023 earnings released: EPS: ₹40.42 (vs ₹32.10 in 3Q 2022)

ICRA Limited to Report Q3, 2023 Results on Feb 13, 2023

ICRA Appoints Shubham Jain as Head of Group Strategy and Business Transformation

Price target increased to ₹4,472

Insider recently sold ₹4.1m worth of stock

Second quarter 2023 earnings released: EPS: ₹38.19 (vs ₹25.01 in 2Q 2022)

ICRA Limited to Report Q2, 2023 Results on Oct 20, 2022

ICRA Limited Announces Executive Changes

ICRA Limited Approves to Declare Dividend on the Equity Shares for the Financial Year Ended March 31, 2022

Upcoming dividend of ₹28.00 per share

ICRA Limited to Report Q1, 2023 Results on Aug 04, 2022

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

ICRA's (NSE:ICRA) Shareholders Will Receive A Bigger Dividend Than Last Year

ICRA Appoints Anand Iyer as Group Chief Technology Officer (Group CTO)

Price target increased to ₹4,472

High number of new directors

Senior Vice-President recently sold ₹1.2m worth of stock

Full year 2022 earnings: EPS and revenues miss analyst expectations

ICRA (NSE:ICRA) Is Increasing Its Dividend To ₹28.00

ICRA Limited Appoints Stephen Arthur as Non Executive and Non-Independent Additional Director

ICRA Limited, Annual General Meeting, Aug 04, 2022

ICRA Limited Announces Resignation of Min Ye as Non-Executive and Non-Independent Director Inclusive of Membership in Any and All Committees of Board of Directors, Effective May 13, 2022

ICRA Limited to Report Q4, 2022 Results on May 12, 2022

ICRA Limited Announces the Resignation of David Brent Platt as Non-Executive and Non-Independent Director

Insider recently sold ₹3.6m worth of stock

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Insider recently sold ₹6.1m worth of stock

Director Radhika Haribhakti has joined 5th company board

Director Radhika Haribhakti has joined 5th company board

Director Radhika Haribhakti has joined 5th company board

Director Radhika Haribhakti has joined 5th company board

Director Radhika Haribhakti has joined 5th company board

Director Radhika Haribhakti has joined 5th company board

Director Radhika Haribhakti has joined 5th company board

First quarter 2022 earnings released: EPS ₹24.90 (vs ₹17.48 in 1Q 2021)

Upcoming dividend of ₹27.00 per share

Full year 2021 earnings released: EPS ₹84.89 (vs ₹99.98 in FY 2020)

ICRA Limited Recommends Dividend for the Financial Year Ended March 31, 2021

ICRA Limited (NSE:ICRA) Is An Attractive Dividend Stock - Here's Why

Investor sentiment improved over the past week

ICRA's (NSE:ICRA) Shareholders Are Down 25% On Their Shares

Have Insiders Sold ICRA Limited (NSE:ICRA) Shares Recently?

Insider recently sold ₹1.4m worth of stock

Third quarter 2021 earnings released: EPS ₹25.15 (vs ₹23.08 in 3Q 2020)

ICRA Limited Announces Tenure of Appointment of Amit Kumar Gupta as Whole-Time Director, Expires on February 6, 2021

Why ICRA Limited (NSE:ICRA) Is A Dividend Rockstar

New 90-day high: ₹2,982

ICRA Limited to Report Q3, 2021 Results on Feb 04, 2021

New 90-day high: ₹2,966