🚀 VC round data is live in beta, check it out!
ICRA Valuation Multiples
Discover revenue and EBITDA valuation multiples for ICRA and similar public comparables like XPS Pensions Group, OVB Holding, Axactor, K33 and more.
ICRA Overview
About ICRA
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.
Founded
1991
HQ
Employees
1.2K
Website
Sectors
Financials (LTM)
EV
$469M
ICRA Financials
ICRA reported last 12-month revenue of $65M.
In the same LTM period, ICRA generated $20M in net income.
Revenue (LTM)
ICRA P&L
In the most recent fiscal year, ICRA reported revenue of $58M and EBITDA of $28M.
ICRA expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $65M | XXX | $58M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $26M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 45% | XXX | XXX | XXX |
| EBITDA | — | XXX | $28M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 47% | XXX | XXX | XXX |
| EBIT Margin | 31% | XXX | 32% | XXX | XXX | XXX |
| Net Profit | $20M | XXX | $20M | XXX | XXX | XXX |
| Net Margin | 31% | XXX | 34% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
ICRA Stock Performance
ICRA has current market cap of $590M, and enterprise value of $469M.
Market Cap Evolution
ICRA's stock price is $61.29.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $469M | $590M | 0.0% | XXX | XXX | XXX | $2.08 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialICRA Valuation Multiples
ICRA trades at 7.2x EV/Revenue multiple, and 17.0x EV/EBITDA.
EV / Revenue (LTM)
ICRA Financial Valuation Multiples
As of March 17, 2026, ICRA has market cap of $590M and EV of $469M.
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 29.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $590M | XXX | $590M | XXX | XXX | XXX |
| EV (current) | $469M | XXX | $469M | XXX | XXX | XXX |
| EV/Revenue | 7.2x | XXX | 8.1x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 17.0x | XXX | XXX | XXX |
| EV/EBIT | 23.7x | XXX | 24.9x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 17.8x | XXX | XXX | XXX |
| P/E | 29.1x | XXX | 29.5x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 32.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified ICRA Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
ICRA Margins & Growth Rates
ICRA's revenue in the last 12 month grew by 20%.
ICRA's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
ICRA Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 20% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 47% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 3% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | 66% | XXX | 15% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
ICRA Public Comps
See public comps and valuation multiples for other Other Financial Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| XPS Pensions Group | XXX | XXX | XXX | XXX | XXX | XXX |
| OVB Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Axactor | XXX | XXX | XXX | XXX | XXX | XXX |
| K33 | XXX | XXX | XXX | XXX | XXX | XXX |
| Confinvest FL | 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 M&A Activity
ICRA acquired XXX companies to date.
Last acquisition by ICRA was on XXXXXXXX, XXXXX. ICRA acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by ICRA
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialICRA Investment Activity
ICRA invested in XXX companies to date.
ICRA made its latest investment on XXXXXXXX, XXXXX. ICRA invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by ICRA
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout ICRA
| 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 over 1K employees. |
| Is ICRA publicly listed? | Yes, ICRA is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of ICRA? | ICRA trades under ICRA ticker. |
| When did ICRA go public? | ICRA went public in 2007. |
| Who are competitors of ICRA? | ICRA main competitors are XPS Pensions Group, OVB Holding, Axactor, K33. |
| What is the current market cap of ICRA? | ICRA's current market cap is $590M. |
| What is the current revenue of ICRA? | ICRA's last 12 months revenue is $65M. |
| What is the current revenue growth of ICRA? | ICRA revenue growth (NTM/LTM) is 20%. |
| What is the current EV/Revenue multiple of ICRA? | Current revenue multiple of ICRA is 7.2x. |
| Is ICRA profitable? | Yes, ICRA is net-income-positive (as of the last 12 months). |
| What is the current net income of ICRA? | ICRA's last 12 months net income is $20M. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.