ICRANSE:ICRA -0.65%88 Current Ratio is 3.80 as of Mar. 2026, which is 11% below its 10-year median of 4.28. GuruFocus rates NSE:ICRA with a GF Score™ of 88/100 and a GF Value™ of ₹8,116.01 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 689 Capital Markets companies, ICRA ranks better than 64.3% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. ICRA's current ratio for the quarter that ended in Mar. 2026 was 3.80.
ICRA has a current ratio of 3.80. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for ICRA's Current Ratio or its related term are showing as below:
NSE:ICRA'
s Current Ratio Range Over the Past 10 Years
Min: 3.76 Med: 4.28 Max: 6.37
Current: 3.8
During the past 13 years, ICRA's highest Current Ratio was 6.37. The lowest was 3.76. And the median was 4.28.
NSE:ICRA's Current Ratio is ranked better than 64.3% of 689
companies
in the Capital Markets industry
Industry Median: 2.3
vs NSE:ICRA: 3.80
ICRA (NSE:ICRA) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
ICRA Current Ratio Related Terms
ICRA Current Ratio Historical Data
* Premium members only.
The historical data trend for ICRA's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:ICRA vs SPGI, CME, MCO: Current Ratio Comparison
For the Financial Data & Stock Exchanges subindustry, ICRA's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
ICRA Current Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, ICRA's Current Ratio distribution charts can be found below:
* The bar in red indicates where ICRA's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ICRA (NSE:ICRA) has a Current Ratio of 3.80 as of Mar. 2026. This is 11% below median its historical median of 4.28. Over the past decade, ICRA's Current Ratio has ranged from 3.76 to 6.37. According to the industry distribution chart, ICRA ranks #246 out of 689 companies in the Capital Markets industry, placing it in the top 35.7%.
Is ICRA's Current Ratio too high?
ICRA's current Current Ratio of 3.80 is 11% below median its 10-year median of 4.28. Over the past 10 years, this metric has ranged from a low of 3.76 to a high of 6.37. The Capital Markets industry median Current Ratio is 2.30. ICRA's value of 3.80 is 65.2% above this industry median. Based on the distribution chart, ICRA ranks #246 out of 689 companies in the Capital Markets industry, which is above the industry midpoint. Overall, ICRA has a GF Score™ of 88/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ICRA's Current Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, ICRA ranks #246 out of 689 companies for Current Ratio. This puts ICRA in the upper half of its industry. The industry median Current Ratio is 2.30. ICRA's value of 3.80 is 65.2% above this benchmark. Historically, ICRA's own Current Ratio has ranged from 3.76 to 6.37 over the past decade. While the company's 10-year median is 4.28 vs. the industry median of 2.30, ICRA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Capital Markets company?
The median Current Ratio among Capital Markets companies is 2.30, based on 689 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ICRA's current Current Ratio of 3.80 is 65.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Capital Markets industry, the median Current Ratio is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICRA's current Current Ratio is 3.80, which is 11% below median its own 10-year median of 4.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICRA stock overvalued right now?
Based on GuruFocus' analysis, ICRA (NSE:ICRA) is currently considered Possible Value Trap. The stock's GF Value™ is ₹8,116.01, compared to a current price of ₹5,286.50 — trading 34.9% below its estimated fair value. The current Current Ratio is 3.80, which is 11% below median its 10-year median of 4.28 and 65.2% above the Capital Markets industry median of 2.30. ICRA's overall GF Score™ is 88/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For ICRA (NSE:ICRA), the current Current Ratio is 3.80 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ICRA (NSE:ICRA) Overvalued in 2026?
Based on GuruFocus' analysis, ICRA stock appears to be undervalued.
The current stock price of ₹5,286.50 is trading 34.9% below its estimated GF Value™ of ₹8,116.01.
GuruFocus considers ICRA to be Possible Value Trap.
Key valuation signals for NSE:ICRA:
Current Ratio: 3.80 (11% below median its 10-year median of 4.28)
GF Value™: ₹8,116.01 vs. price of ₹5,286.50 (34.9% below fair value)
Industry Position: 65.2% above the Capital Markets median (#246 of 689)
No single metric tells the full story. See the NSE:ICRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
88GF Score
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