ICRA
ICRA LIMITED
Each stock's 10,000-path forecast, rendered as light.
ICRA LIMITED (ICRA) Stock Analysis & Case Study
Is ICRA a good buy? The data-driven verdict.
ICRA LIMITED (ICRA) trades at ₹5,092,on the numbers it worth a closer look, a Downstox Snapshot Score of 59/100.
On the numbers, ICRA LIMITED (ICRA) worth a closer look, a Downstox Snapshot Score of 59/100, weighing premium at 25.0× earnings, ROE of 16.7%, a 61% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
ICRA fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How ICRA ranks against the 2,373 companies in our screener
- ICRA's market cap of 4,915 Cr ranks in the 65th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ICRA's book value of ₹1,223 ranks in the top 3% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ICRA's promoter holding of 51.9% ranks in the 35th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ICRA's 3-year profit (PAT) growth of 11.0% ranks in the 43rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ICRA's 3-year revenue growth of 14.0% ranks in the 60th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ICRA's debt-to-equity ratio of 0.02x is lower than 94% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is ICRA overvalued? ICRA P/E vs peers
ICRA trades at 25.0× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.
ICRA share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of ICRA history (3%/yr drift, 26%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| ICRA 2027 | ₹3,942 | ₹5,475 | ₹7,604 | +8% |
| ICRA 2028 | ₹3,734 | ₹5,886 | ₹9,279 | +16% |
| ICRA 2029 | ₹3,602 | ₹6,329 | ₹11,119 | +24% |
| ICRA 2030 | ₹3,494 | ₹6,804 | ₹13,249 | +34% |
| ICRA 2031 | ₹3,485 | ₹7,316 | ₹15,357 | +44% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability ICRA goes up, or doubles?
The bull case for ICRA
- ICRA's return on equity of 16.7% ranks in the 77th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ICRA's return on capital employed of 23.0% ranks in the 86th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- A 10,000-path probability model puts a 61% chance the price is higher in a year, with a median target of ₹5,475 (+8%).
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹11,119.
The bear case & risks
- ICRA's P/E of 25.0x is lower than 53% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹3,602.
ICRA volatility & expected range, how bumpy is the ride?
Over the last 9.8 years ICRA compounded at 3%/year with annualized volatility of 26%. That volatility implies a 1-year 80% range of ₹3,942-₹7,604, the honest backbone behind any single price target.
ICRA price forecast, the full 60-month probability fan
ICRA price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds ICRA hits common targets within the simulated horizon?
Full multi-horizon detail on the ICRA price target & forecast page.
ICRA Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. ICRA scores 6/8, mixed financial health.
ICRA MTF margin & leverage across 11 brokers
Margin Trading Facility lets you buy ICRA with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 35.00% | 2.9× |
| Zerodha | 26.71% | 3.7× |
| Groww | 26.76% | 3.7× |
| Dhan | 26.71% | 3.7× |
| Kotak Neo | 40.00% | 2.5× |
| Paytm Money | 27.70% | 3.6× |
| PocketfulCHEAPEST | 26.50% | 3.8× |
| Fyers | 27.03% | 3.7× |
| Anand Rathi | 26.71% | 3.7× |
| Bajaj Broking | 30.00% | 3.3× |
| Share India | 26.76% | 3.7× |
Compare every broker on the ICRA MTF page.
About ICRA LIMITED: sector, index & market-cap context
ICRA LIMITED (ICRA) is a small-cap NSE-listed company, with a market capitalisation of ₹4,915 Cr. See more stocks on our screener.
How the ICRA Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of ICRA LIMITED's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
ICRA analysis, FAQs
Is ICRA LIMITED (ICRA) a good buy?
On the numbers, ICRA LIMITED (ICRA) worth a closer look, a Downstox Snapshot Score of 59/100, weighing premium at 25.0× earnings, ROE of 16.7%, a 61% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is ICRA overvalued or undervalued?
ICRA trades at 25.0× earnings, premium versus the ~22× long-run Nifty average.
What is the ICRA share price target for 2031?
ICRA's probability-weighted 2031 median target is ₹7,316, with an 80% range of ₹3,485-₹15,357 (10,000-path Monte-Carlo).
What is the probability ICRA doubles in 5 years?
The modelled probability of ICRA reaching ₹10,185 (2×) within 5 years is 28%.
What is the bull case for ICRA?
ICRA's return on equity of 16.7% ranks in the 77th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. ICRA's return on capital employed of 23.0% ranks in the 86th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. A 10,000-path probability model puts a 61% chance the price is higher in a year, with a median target of ₹5,475 (+8%).
What are the risks in ICRA?
ICRA's P/E of 25.0x is lower than 53% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.