ICRA
|
The Current P/E Ratio of ICRA is 31.67.
| Share Price | ₹6,067.7 | Feb 03,2026 |
| Market Cap | ₹5,885.7 Cr | |
| Earnings-TTM | ₹185.8 Cr | TTM-Consolidated Results |
| Price/Earnings | 31.67x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of ICRA
Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹5,885.7 Cr] as on Feb 03,2026
(/) Earnings [ ₹185.8 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 31.67x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for ICRA , the investors are currently willing to pay 31.67 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of ICRA !
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of ICRA over the last five years.
Thus, for ICRA , the investors are currently willing to pay 31.67 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of ICRA !
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of ICRA over the last five years.
Historical PE (Price/Earnings) ratio chart of ICRA
PE Ratio Performance Analysis for ICRA
- ICRA 's latest p/e ratio is 31.67x.
- ICRA 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 34.61x.
- ICRA 's operated at median p/e ratio of 34.78x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ICRA 's p/e ratio peaked in Mar2021 at 38.81x.
- ICRA 's p/e ratio hit its five-year low in Mar2025 of 31.36x.
- ICRA 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 34.61x.
- ICRA 's operated at median p/e ratio of 34.78x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ICRA 's p/e ratio peaked in Mar2021 at 38.81x.
- ICRA 's p/e ratio hit its five-year low in Mar2025 of 31.36x.
How does ICRA 's P/E Ratio benchmark against top 10 peers in Ratings Industry?
| Peer Comparison (Ratings Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| ICRA | 185.83 | 31.67 | 5,885.7 |
| CRISIL LTD | 668.03 | 52.81 | 35,280.1 |
| CARE RATINGS LTD | 155.45 | 31.19 | 4,848.5 |
Ratings Industry Benchmark (Top 10) PE Analysis vs ICRA 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 31.19x |
| Max industry PE | 52.81x |
| Median industry PE | 31.67x |
| Average industry PE | 38.56x |
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