ICRA LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5,255 INR | +0.33% |
|
+0.31% | -8.12% |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 27,750 | 20,630 | 31,455 | 40,730 | 42,540 | 50,554 | - | - |
| Enterprise Value (EV) 1 | 27,750 | 20,630 | 31,455 | 40,730 | 42,540 | 50,554 | 50,554 | 50,554 |
| P/E ratio | 27.1 x | 21.5 x | 38.5 x | 36.3 x | 31.5 x | 34.4 x | 29.7 x | 26 x |
| Yield | 1.04% | 1.26% | - | 0.66% | 2.94% | 2.47% | 0.62% | 0.89% |
| Capitalization / Revenue | 8.46 x | 6.43 x | - | 11.9 x | 10.5 x | 11.4 x | 9.95 x | 9.03 x |
| EV / Revenue | 8.46 x | 6.43 x | - | 11.9 x | 10.5 x | 11.4 x | 9.95 x | 9.03 x |
| EV / EBITDA | 24.5 x | 21.5 x | - | 33.8 x | 29.8 x | 35.2 x | 28.8 x | 24.7 x |
| EV / FCF | 36.4 x | 63.5 x | - | 44.2 x | 47.2 x | 45 x | 35.3 x | 30.8 x |
| FCF Yield | 2.74% | 1.57% | - | 2.26% | 2.12% | 2.22% | 2.84% | 3.25% |
| Price to Book | 4.37 x | 2.95 x | - | 4.84 x | 4.49 x | 4.98 x | 4.56 x | 4.16 x |
| Nbr of stocks (in thousands) | 9,611 | 9,619 | 9,619 | 9,619 | 9,619 | 9,619 | - | - |
| Reference price 2 | 2,887 | 2,145 | 3,270 | 4,234 | 4,422 | 5,255 | 5,255 | 5,255 |
| Announcement Date | 5/9/19 | 7/14/20 | 5/6/21 | 5/12/22 | 5/24/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,281 | 3,211 | - | 3,428 | 4,032 | 4,432 | 5,081 | 5,596 |
| EBITDA 1 | 1,134 | 958.4 | - | 1,206 | 1,429 | 1,435 | 1,758 | 2,045 |
| EBIT 1 | 1,077 | 855.5 | - | 1,128 | 1,331 | 1,308 | 1,622 | 1,892 |
| Operating Margin | 32.84% | 26.64% | - | 32.9% | 33% | 29.52% | 31.91% | 33.81% |
| Earnings before Tax (EBT) 1 | 1,520 | 1,315 | - | 1,521 | 1,812 | 1,941 | 2,287 | 2,694 |
| Net income 1 | 1,040 | 961.8 | 816.6 | 1,123 | 1,352 | 1,469 | 1,708 | 1,994 |
| Net margin | 31.71% | 29.95% | - | 32.76% | 33.54% | 33.15% | 33.63% | 35.63% |
| EPS 2 | 106.6 | 99.98 | 84.89 | 116.7 | 140.6 | 152.6 | 177.2 | 202.3 |
| Free Cash Flow 1 | 761.4 | 324.7 | - | 921.5 | 901.7 | 1,122 | 1,434 | 1,644 |
| FCF margin | 23.21% | 10.11% | - | 26.88% | 22.36% | 25.33% | 28.22% | 29.37% |
| FCF Conversion (EBITDA) | 67.16% | 33.87% | - | 76.42% | 63.1% | 78.22% | 81.59% | 80.37% |
| FCF Conversion (Net income) | 73.18% | 33.76% | - | 82.07% | 66.68% | 76.41% | 83.93% | 82.42% |
| Dividend per Share 2 | 30.00 | 27.00 | - | 28.00 | 130.0 | 129.6 | 32.55 | 47.00 |
| Announcement Date | 5/9/19 | 7/14/20 | 5/6/21 | 5/12/22 | 5/24/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 2024 Q3 | 2024 Q4 |
|---|---|---|
| Net sales 1 | 1,171 | - |
| EBITDA | - | - |
| EBIT | - | - |
| Operating Margin | - | - |
| Earnings before Tax (EBT) 1 | 571 | - |
| Net income | - | 426 |
| Net margin | - | - |
| EPS | - | - |
| Dividend per Share | - | - |
| Announcement Date | - | - |
1INR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 761 | 325 | - | 922 | 902 | 1,123 | 1,434 | 1,644 |
| ROE (net income / shareholders' equity) | 16.1% | 14.3% | - | 14% | 15.1% | 14.6% | 15.9% | 16.6% |
| ROA (Net income/ Total Assets) | 13.5% | 11.9% | - | - | - | - | - | - |
| Assets 1 | 7,691 | 8,071 | - | - | - | - | - | - |
| Book Value Per Share 2 | 661.0 | 727.0 | - | 874.0 | 985.0 | 1,056 | 1,153 | 1,264 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 47.1 | 40.6 | - | 52.2 | 90.9 | 105 | 125 | 142 |
| Capex / Sales | 1.44% | 1.26% | - | 1.52% | 2.25% | 2.37% | 2.46% | 2.53% |
| Announcement Date | 5/9/19 | 7/14/20 | 5/6/21 | 5/12/22 | 5/24/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
5,255
INR
Average target price
5,880
INR
Spread / Average Target
+11.88%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -8.12% | 606M | |
| +3.12% | 3.92B | |
| +23.17% | 420M | |
| +11.65% | 276M |
- Stock Market
- Equities
- ICRA Stock
- Financials ICRA Limited
