ICRA

ICRA

Financial Data & Stock Exchanges · ICRA
Mid CapFinancial ServicesMature Stable
Ramnath Krishnan
Ramnath Krishnan
MD & Group CEO · Pragmatic
Company DNA
Pace — Speed of executionPaceInnovation — Disruption appetiteInnovCulture — Organizational valuesCultrEfficiency — Operational focusEfficPurpose — Profit vs mission balancePurpsBrand — Market perceptionBrand
Bureaucratic
About
ICRA is a Mid Cap company in the Financial Services sector, listed on NSE as ICRA. With a market cap of ₹5K Cr and revenue of ₹497 Cr, it is currently in the Mature Stable phase. Known for its Bureaucratic culture and Traditionalist approach to innovation, the company operates at a Steady-Marathon pace. Rating agency environment characterized by strict regulatory compliance, committee-driven decisions, and risk-aversion. Its strategic mandate: As a mature credit rating agency, the mandate focuses on maintaining analytical rigor, governance, and strict compliance in a tightening regulatory environment.
FAQ
What kind of company is ICRA?
ICRA is a Mid Cap Financial Services company (ICRA) in the Mature Stable phase with a market cap of ₹5K Cr. It is classified as Bureaucratic in culture.
What is ICRA's culture and work environment like?
ICRA has a Bureaucratic culture with Traditionalist innovation DNA and a Steady-Marathon pace of execution. Employee brand: Learning Ground. Customer relationship style: B2B-Enterprise. Rating agency environment characterized by strict regulatory compliance, committee-driven decisions, and risk-aversion.
Who leads ICRA?
ICRA is led by Ramnath Krishnan (MD & Group CEO), a Pragmatic leader with 33 years of experience.
What are ICRA's financials?
ICRA reported revenue of ₹497 Cr in FY25 with a 5-year revenue CAGR of 13.5%. Operating margin: 32.5%. Market cap: ₹5K Cr.

Culture & Strategy

CultureBureaucratic
InnovationTraditionalist
PaceSteady-Marathon
PurposeProfit-Pure
CustomerB2B-Enterprise
EmployeeLearning Ground
BrandTrusted
LifecycleMature Stable
Rating agency environment characterized by strict regulatory compliance, committee-driven decisions, and risk-aversion.
Mandate
As a mature credit rating agency, the mandate focuses on maintaining analytical rigor, governance, and strict compliance in a tightening regulatory environment.

Financials

Revenue FY25₹497 Cr
PAT FY25₹170 Cr
Rev CAGR 5Y13.5%
OPM32.5%
NPM34.2%
ROE16.1%
ROCE14.5%
P/E27.5
Fwd P/E23.3
P/B4.7
D/E1.1
Mkt Cap₹5K Cr
Promoter64.7%
Institutional23.8%