# ICRA share price today (ICRA Ltd, NSE: ICRA)

> ICRA share price today: ₹4,349.60 at the NSE close on 3 November 2026, down 32.3% in a year. ICRA (NSE: ICRA) is worth ₹4,198 crore, trades at a P/E of 20.9 and has closed between ₹4,300.80 and ₹6,268.50 over the past 52 weeks. > ICRA Ltd's earnings have grown faster than its share price. Earnings per share grew +6.8% in a year while the price moved −32.3%. ICRA · Credit Rating Agencies · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/icra-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹4,349.60 (−32.3% in a year)
- P/E: 20.9× (lower than 100% of the last 11 years)
- Revenue (Sep 2026): ₹178 Cr (+29.9% on a year ago)
- Profit (Sep 2026): ₹52.0 Cr (+8.3% on a year ago)
- Operating margin: 37.0% (+1.0 points on a year ago)
- ROCE: 23%, FY26
- ROIC: 38.4%, against a 12.0% cost of capital: +26.4 points

The main question: yearly earnings per share moved +6.8% while the share price moved −32.3%. ## What is the ICRA share price today? ICRA Ltd's share price was ₹4,349.60 at the close on 3 November 2026. It has been falling for 46 weeks. That is 15.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹4,301 and ₹6,269, and at that close it sat 2% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 46 weeks running. Over the last 11 years the share price moved +20% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 16 January 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at ICRA this quarter? Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), indian funds and insurers (DIIs) cut their stake for 4 quarters in a row and highest quarterly revenue in 16 quarters. 1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter revenue was ₹178 crore, +29.9% on a year earlier. 2. Indian funds and insurers (DIIs) cut their stake for 4 quarters in a row From 26.2% to 20.1% of the company by the September 2026 quarter. 3. Highest quarterly revenue in 16 quarters Revenue of ₹178 crore in the September 2026 quarter is the highest of the last 16 quarters. ## What are ICRA's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), ICRA reported revenue of ₹178 crore, up 29.9% from ₹137 crore a year earlier, and a profit of ₹52.0 crore, up 8.3% from ₹48.0 crore. ### ICRA results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹178 crore | ₹137 crore | +29.9% |
| Profit | ₹52.0 crore | ₹48.0 crore | +8.3% |
| Earnings per share | ₹54.06 | ₹49.54 | +9.1% |
| Operating margin | 37.0% | 36.0% | +1.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). The newest call in our records is from 25 May 2026, about January to March 2026; a call about these results is not in our records yet. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the ICRA share price history? ICRA closed at ₹4,349.60 on 3 November 2026, down 32.3% from ₹6,424.50 a year earlier (31 October 2025) and up 23.8% over five years. Its highest weekly close since March 2016 was ₹7,252.85 on 18 October 2024. ### ICRA share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹4,472.40 | −2.7% |
| 1 month ago · 1 Oct 2026 | ₹4,318.30 | +0.7% |
| 6 months ago · 30 Apr 2026 | ₹5,422.00 | −19.8% |
| 1 year ago · 31 Oct 2025 | ₹6,424.50 | −32.3% |
| 3 years ago · 3 Nov 2023 | ₹5,358.30 | −18.8% |
| 5 years ago · 4 Nov 2021 | ₹3,514.00 | +23.8% |
| 10 years ago · 4 Nov 2016 | ₹4,153.15 | +4.7% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹3,618.35 | +20.2% |
| Highest weekly close since March 2016 · 18 Oct 2024 | ₹7,252.85 | −40.0% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹2,102.35 | +106.9% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹6,268.50 | −30.6% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹4,300.80 | +1.1% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (561 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on ICRA? 3 Nov 2026: ICRA closed at ₹4,349.60, down 2.7% on the week and up 0.7% on the month. Results for July to September 2026: Revenue up 29.9% and profit up 8.3% on a year earlier. ### Earlier

- 23 Jul 2026: ex-date for a dividend + special dividend of ₹105 a share. - 25 May 2026: ICRA held its results call for January to March 2026. Management guided: FY27 Ratings segment growth: bank credit to drive bulk of growth. ## What dividend does ICRA pay? ICRA paid ₹70 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 1.61% at the ₹4,349.60 close on 3 November 2026. The last was a dividend + special dividend of ₹105 a share, ex-date 23 July 2026. ### ICRA dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 23 Jul 2026 | ₹105 | Dividend + Special |
| 25 Jul 2025 | ₹60 | Dividend |
| 19 Jul 2024 | ₹100 | Dividend |
| 28 Jul 2023 | ₹130 | Dividend + Special |
| 28 Jul 2022 | ₹28 | Dividend |
| 22 Jul 2021 | ₹27 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

₹35 Special dividends, last 12 months

Yes. ICRA Ltd paid out 56% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did ICRA management say on the latest results call? On the call for January to March 2026, held on 25 May 2026, ICRA's management guided: FY27 Ratings segment growth: bank credit to drive bulk of growth. > “Our outlook remains anchored in structural drivers, including regulatory intensity and accelerated AI adoption reshaping client expectations”
> Ramnath Krishnan, on the call for January to March 2026

### What management guided

- FY27 GDP growth projection: 6.2% real, approximately 12% nominal (assuming average crude $95 per barrel)
- Fintelex expected to deliver 'reasonable' growth over next 2-3 years to offset KnowTech moderation; magnitude not quantified by management. - KnowTech moderation to persist: will not achieve 'higher double-digit growth' going forward, reflecting structural headwinds from client discontinuations and parent company automation. - Ratings margins expansion trajectory tied to double-digit revenue growth generating 'some addition to margins' through operating leverage; product-led offerings carry industry range 20-35% operating profit but management declined segment-specific margin guidance. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/4721/Conference Call/CC-May26.pdf). (From the call for January to March 2026, 25 May 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What to watch in ICRA's next results? When ICRA reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Ratings April to June 2026 growth rate confirmation: Management stated Apr-May 'no significant slowdown', implying base case growth continuity. First quarterly result will confirm if double-digit narrative lasts or macro headwinds manifest - critical to margin expansion thesis. - What to check (from the call)
- Ratings April to June 2026 growth rate confirmation: Management stated Apr-May 'no significant slowdown', implying base case growth continuity. First quarterly result will confirm if double-digit narrative lasts or macro headwinds manifest - critical to margin expansion thesis. - R&A organic growth validation (ex-Fintelex): KnowTech compression magnitude versus non-KnowTech uptake offsetting trajectory. Q1 result will show if higher-growth products offset faster-than-expected client losses. - Fintelex profit contribution and margin sustainability: First full-year (FY27) segment result will reveal if 26-27% operating margin achieved in Oct-Mar persists through full year or compresses; key indicator for segment margin bridge and M&A synergy delivery. - Capital allocation formalization: Buyback program announcement or continued dividend-only policy. CFO indicated active consideration; shareholder pressure mounting; board decision expected per feedback timeline. ## Which stock lists is ICRA on? ICRA is on 2 of our India lists: 52 week high & low and Dividend stocks. - [52 week high & low 52-week position: Near 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Dividend stocks Regular dividend yield (%): 1.61](https://www.sectoralpha.in/dividend-stocks-india)

## Is ICRA profitable? ICRA Ltd earned ₹52.0 Cr of net profit in the Sep 2026 quarter, +8.3% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹183 Cr. Over 10 years profit has grown 9.2% a year on average. That is 29.2% of the quarter's revenue. The same quarter a year earlier earned ₹48.0 Cr. For the full year, FY26 profit was ₹183 Cr (+7.0% on the year before). Why profit moved: revenue changed +29.9% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +6.5% and revenue +31.4%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does ICRA make, and is it growing? ICRA Ltd reported ₹178 Cr of revenue in the Sep 2026 quarter, +29.9% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 5.8% a year on average. The last full year, FY26, came in at ₹600 Cr. The last four reported quarters add to ₹680 Cr. FY26 revenue was ₹600 Cr, +20.5% on the year before. Recent pace: the last four quarters grew +31.4% on average, against 5.8% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +31.3%, against +19.0% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +5.8%, against +14.7% a year (rolling over). ## How much of every ₹100 of sales does ICRA keep? ICRA Ltd's operating margin was 37.0% in the Sep 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 22.0% and 37.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +1.4 percentage points on the year while gross margin changed +0.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is ICRA's profit turning into cash? Over the last 3 years, 81% of ICRA Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹157 Cr of operating cash against ₹183 Cr of profit. After ₹249 Cr of spending on assets, free cash was −₹92.0 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 81% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. What to look at next: the bigger use of cash is spending on new assets, at 5.7× depreciation over three years. The next section checks what that spending is building. ## Where does ICRA's cash go? ICRA Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 48 days in FY26, down from 58 days in FY21. It spent ₹324 Cr on assets over the last 3 years. At FY26 sales of ₹600 Cr, each day of that cycle ties up about ₹1.6 Cr, so roughly ₹79.0 Cr is tied up in the business at any time. Spending on assets: ₹324 Cr over the last 3 years, against ₹57.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹2.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is ICRA's P/E ratio, and how does it compare with its own history? ICRA Ltd's P/E is 20.9×, about the lowest it has ever been. Its usual P/E (the middle reading) is 35.0×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +6.8% while the price moved −32.3%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +4.4% a year; about +16.2% a year came from earnings growth and about −11.8 percentage points from the multiple (the market paying less); over 10 years the price moved +0.5% a year; about +9.2% a year came from earnings growth and about −8.7 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the ICRA business getting better or worse? ICRA Ltd's business is giving mixed signals. Revenue growth is rising at +31.3% while profit growth is slowing from its peak at +5.8%, so the lines disagree and each one tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does ICRA earn on its capital? ICRA Ltd earned a ROCE of 23% in FY26. That is up from a low of 15% in FY21. Its return on capital used (ROIC) is 26.4 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 30.5% net margin and 0.41× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 30.5% net margin × 0.41× asset turnover × 1.25× leverage (assets divided by equity) ≈ 15.6% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 38.4% − 12.0% = +26.4 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 38.4% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 34.4%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does ICRA have too much debt? ICRA Ltd has total debt of ₹14.0 Cr against shareholder equity of ₹1,195 Cr as of Sep 2026, so its debt is 0.01× its equity, which is very little. Year by year, that ratio went from 0.02 in FY22 to 0.02 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the ICRA shareholding pattern? Domestic institutions cut their stake in ICRA Ltd by 4.0 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 20.1% of the company. Foreign institutions moved −0.8 points over the same period, to 8.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −4.0 points over 8 quarters, to 20.1%; Foreign institutions: −0.8 points over 8 quarters, to 8.0%; Promoters: +0.0 points over 8 quarters, to 51.9%. Why the owners changed: domestic institutions drove it (−4.0 points), together with foreign institutions (−0.8 points). They reduced their stake. ## How far is ICRA from balance-sheet trouble? For ICRA Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does ICRA rank in its industry? 67.5 out of 100, rank 2 of 3 in Credit Rating Agencies, with 82% of the evidence available. ICRA Ltd scores 67.5 out of 100 against the 3 companies it is compared with in Credit Rating Agencies, ranking 2. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 23.7 + 24 + 12.3 + 7.5 = 67.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is ICRA compared with? ICRA ranks 2 of 3 Credit Rating Agencies companies on the 4-Factor Sector Score, with 67.5 out of 100. 1. [CARE Ratings Ltd](https://www.sectoralpha.in/stocks/care-ratings-ltd) CARERATING · turning · Sector-leading setup · 97% evidence 82.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 31.5/35 · Revenue 19% · Profit 26.6% · Operating margin change 2 points · 100% evidence Capital efficiency 23.0/25 · ROCE 26.3% · Operating margin 52% · 100% evidence Valuation 13.0/20 · P/E 25.9× · PEG 1.19 · 85% evidence Relative strength 15.2/20 · Lead over its industry 7.1% · Lead over NIFTY 500 7% · 1 year 3.3% · 100% evidence · 1 of 12 weeks ahead Exact sum: 31.5 + 23 + 13 + 15.2 = 82.7 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. ICRA Ltd this page ICRA · basing · Most evidence points up · 82% evidence 67.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.7/35 · Revenue 31.3% · Profit 5.8% · Operating margin change 1 points · 100% evidence Capital efficiency 24.0/25 · ROCE 23% · Operating margin 37% · 100% evidence Valuation 12.3/20 · P/E 20.7× · PEG 1.93 · 85% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -15.9% · 1 year -33.1% · 25% evidence · 0 of 12 weeks ahead Exact sum: 23.7 + 24 + 12.3 + 7.5 = 67.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [CRISIL Ltd](https://www.sectoralpha.in/stocks/crisil-ltd) CRISIL · breaking out · Evidence leans up · 75% evidence 62.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.9/35 · Revenue 23.9% · Profit 19.5% · Operating margin change -1 points · 100% evidence Capital efficiency 21.0/25 · ROCE 32.6% · Operating margin 28% · 100% evidence Valuation 9.7/20 · P/E 36.9× · PEG 1.76 · 50% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 8.4% · 1 year -8.4% · 25% evidence · 11 of 12 weeks ahead Exact sum: 18.9 + 21 + 9.7 + 12.5 = 62.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Credit Rating Agencies](https://www.sectoralpha.in/sectors/credit-rating-agencies), all 3 compared on one page. ## Which companies are close to ICRA in size? ICRA is the 3rd largest of 3 Credit Rating Agencies companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: CRISIL and CARE Ratings. It is the smallest. ### Credit Rating Agencies companies close in size

1. [CRISIL Ltd](https://www.sectoralpha.in/stocks/crisil-ltd) ₹33,030 crore
2. [CARE Ratings Ltd](https://www.sectoralpha.in/stocks/care-ratings-ltd) ₹4,996 crore
3. ICRA Ltd ₹4,151 crore

[All 3 Credit Rating Agencies companies, largest first](https://www.sectoralpha.in/sectors/credit-rating-agencies#all-companies)

### Companies close in size in other industries

1. [Swaraj Engines Ltd](https://www.sectoralpha.in/stocks/swaraj-engines-ltd) ₹4,161 crore · Engines
2. [Jeena Sikho Lifecare Ltd](https://www.sectoralpha.in/stocks/jeena-sikho-lifecare-ltd) ₹4,158 crore · Ayurvedic
3. ICRA Ltd ₹4,151 crore
4. [AGI Greenpac Ltd](https://www.sectoralpha.in/stocks/agi-greenpac-ltd) ₹4,148 crore · Packaging - FMCG/Consumers
5. [Gufic BioSciences Ltd](https://www.sectoralpha.in/stocks/gufic-biosciences-ltd) ₹4,147 crore · Pharma - Formulators

## What else do people ask about ICRA? ### What is ICRA's share price today? ICRA Ltd's share price is ₹4,349.60, −32.3% over the past year. The whole company is worth ₹4,198 Cr on the market. In the last 52 weeks it traded between ₹4,301 to ₹6,269; today it is 2% of the way up from the low, 15.5% below its 200-day average (as of 3 November 2026). ### What were ICRA's latest quarterly results? ICRA Ltd reported revenue of ₹178 Cr and net profit of ₹52.0 Cr for the Sep 2026 quarter. Revenue rose 29.9% and profit rose 8.3% compared with a year earlier. Earnings per share were ₹54.06. The operating margin was 37.0%, 1.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is ICRA's market cap? ICRA Ltd's market capitalisation is ₹4,198 Cr at a share price of ₹4,349.60. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is ICRA performing? ICRA Ltd's share price has been falling for 46 weeks. In its latest quarter, revenue rose 29.9% and profit rose 8.3% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 46 weeks running (as of 3 November 2026). ### Will ICRA's share price go up? This page does not forecast ICRA Ltd's share price. What it shows instead: the share price is ₹4,349.60, and it has been falling for 46 weeks. Its P/E of 20.9× is higher than 0% of its own last 11 years (as of 3 November 2026). ### Does ICRA have too much debt? No, ICRA Ltd has little debt: its debt is 0.02× its equity, and its operating profit is 54 times its interest bill. FY26 borrowings were ₹18.0 Cr against equity of ₹1,181 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is ICRA in its business cycle? ICRA Ltd's FY26 operating margin was 36.0%, against a 13-year range of 22.0% to 37.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 37.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the ICRA story? The main question: yearly earnings per share moved +6.8% while the share price moved −32.3%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is ICRA a stock worth studying right now? What the numbers show: ICRA Ltd's earnings have grown faster than its share price. Earnings per share grew +6.8% in a year while the price moved −32.3%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a ICRA share price forecast for 2026? What management itself guided: FY27 Ratings segment growth: bank credit to drive bulk of growth. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india

This is research, not advice. We’re not SEBI-registered.