Switch theme
Sign up to access all valuation multiples
ICRA Ltd is an independent and professional Investment Information and credit rating agency. The company operates through four segments: Rating, research and other services; Consulting services; Knowledge and Market Services. The company generates over half of its revenue from the Rating, research and other services segment. Rating, research, and other services segment provides rating, grading, and industry research services. The consulting services segment provides management consulting which includes risk management, financial advisory, outsourcing, and policy advisory. The knowledge Services segment provides KPO services and the Market services segment provides financial information products and services. Geographically the majority of revenue is generated from within India.
1991
405
LTM Revenue $59.6M
Last FY EBITDA $29.9M
$637M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
ICRA has a last 12-month revenue (LTM) of $59.6M and a last 12-month EBITDA of n/a.
In the most recent fiscal year, ICRA achieved revenue of $58.3M and an EBITDA of $29.9M.
ICRA expects next 12-month revenue of XXX and NTM EBITDA of XXX
See ICRA valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $59.6M | XXX | $58.3M | XXX | XXX | XXX |
| Gross Profit | $59.6M | XXX | $27.7M | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 48% | XXX | XXX | XXX |
| EBITDA | n/a | XXX | $29.9M | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | 51% | XXX | XXX | XXX |
| EBIT | $19.4M | XXX | $18.9M | XXX | XXX | XXX |
| EBIT Margin | 33% | XXX | 32% | XXX | XXX | XXX |
| Net Profit | $20.6M | XXX | $19.9M | XXX | XXX | XXX |
| Net Margin | 35% | XXX | 34% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, ICRA's stock price is INR 6735 (or $79).
ICRA has current market cap of INR 64.8B (or $759M), and EV of INR 54.4B (or $637M).
See ICRA trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $637M | $759M | XXX | XXX | XXX | XXX | $2.13 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Start Free TrialAs of May 30, 2025, ICRA has market cap of $759M and EV of $637M.
ICRA's trades at 11.2x EV/Revenue multiple, and 22.0x EV/EBITDA.
Equity research analysts estimate ICRA's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
ICRA has a P/E ratio of 36.8x.
See valuation multiples for ICRA and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $759M | XXX | $759M | XXX | XXX | XXX |
| EV (current) | $637M | XXX | $637M | XXX | XXX | XXX |
| EV/Revenue | 10.7x | XXX | 11.2x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | 22.0x | XXX | XXX | XXX |
| EV/EBIT | 32.8x | XXX | 34.9x | XXX | XXX | XXX |
| EV/Gross Profit | 10.7x | XXX | n/a | XXX | XXX | XXX |
| P/E | 36.8x | XXX | 39.2x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 43.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialICRA's last 12 month revenue growth is 13%
ICRA's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $22K for the same period.
ICRA's rule of 40 is 64% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
ICRA's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for ICRA and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | 51% | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | 64% | XXX | 64% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | n/a | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $22K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 15% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Wolters Kluwer | XXX | XXX | XXX | XXX | XXX | XXX |
| Gumtree Australia | XXX | XXX | XXX | XXX | XXX | XXX |
| Gumtree Australia | XXX | XXX | XXX | XXX | XXX | XXX |
| Stock3 | XXX | XXX | XXX | XXX | XXX | XXX |
| Business Online | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
ICRA acquired XXX companies to date.
Last acquisition by ICRA was XXXXXXXX, XXXXX XXXXX XXXXXX . ICRA acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was ICRA founded? | ICRA was founded in 1991. |
| Where is ICRA headquartered? | ICRA is headquartered in India. |
| How many employees does ICRA have? | As of today, ICRA has 405 employees. |
| Is ICRA publicy listed? | Yes, ICRA is a public company listed on BOM. |
| What is the stock symbol of ICRA? | ICRA trades under 532835 ticker. |
| When did ICRA go public? | ICRA went public in 2007. |
| Who are competitors of ICRA? | Similar companies to ICRA include e.g. Wolters Kluwer, Gumtree Australia, Gumtree Australia, Stock3. |
| What is the current market cap of ICRA? | ICRA's current market cap is $759M |
| What is the current revenue of ICRA? | ICRA's last 12 months revenue is $59.6M. |
| What is the current revenue growth of ICRA? | ICRA revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of ICRA? | Current revenue multiple of ICRA is 10.7x. |
| Is ICRA profitable? | Yes, ICRA is EBITDA-positive (as of the last 12 months). |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
