ICRA (NSE:ICRA) EV-to-FCF: (As of Jul. 15, 2026)

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NSE:ICRA ICRA Ltd NSE:ICRA
87 GF Score
Price ₹5,249.50
GF Value ₹8,166.22
Valuation Possible Value Trap
! 1 Warning Sign
View Full Analysis

What is ICRA EV-to-FCF?

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, ICRA's Enterprise Value is ₹42,715 Mil. ICRA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0 Mil. Therefore, ICRA's EV-to-FCF for today is .

The historical rank and industry rank for ICRA's EV-to-FCF or its related term are showing as below:

NSE:ICRA' s EV-to-FCF Range Over the Past 10 Years
Min: 0   Med: 0   Max: 29.74
Current: 29.74

During the past 13 years, the highest EV-to-FCF of ICRA was 29.74. The lowest was 0.00. And the median was 0.00.

NSE:ICRA's EV-to-FCF is ranked worse than
78.52% of 447 companies
in the Capital Markets industry
Industry Median: 9.64 vs NSE:ICRA: 29.74

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-07-15), ICRA's stock price is ₹5249.50. ICRA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹188.320. Therefore, ICRA's PE Ratio (TTM) for today is 27.88.


ICRA  (NSE:ICRA) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

ICRA's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=5249.50/188.320
=27.88

ICRA's share price for today is ₹5249.50.
ICRA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹188.320.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


ICRA EV-to-FCF Related Terms


ICRA EV-to-FCF Historical Data

* Premium members only.

The historical data trend for ICRA's EV-to-FCF 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.

ICRA EV-to-FCF Chart

ICRA Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.94 41.73 46.74 32.31 27.85

ICRA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.31 0.00 0.00 0.00 27.85

NSE:ICRA vs SPGI, CME, MCO: EV-to-FCF Comparison

For the Financial Data & Stock Exchanges subindustry, ICRA's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, ICRA's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where ICRA's EV-to-FCF falls into.


NSE:ICRA
87GF Score
ICRA Ltd NSE:ICRA
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ICRA EV-to-FCF Calculation

ICRA's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=42715.126/0
=

ICRA's current Enterprise Value is ₹42,715 Mil.
ICRA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.

* 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.

Is ICRA (NSE:ICRA) Overvalued in 2026?

Based on GuruFocus' analysis, ICRA stock appears to be undervalued. The current stock price of ₹5,249.50 is trading 35.7% below its estimated GF Value™ of ₹8,166.22. GuruFocus considers ICRA to be Possible Value Trap.

Key valuation signals for NSE:ICRA:

  • EV-to-FCF:
  • GF Value™: ₹8,166.22 vs. price of ₹5,249.50 (35.7% below fair value)
  • GF Score™: 87/100 with 1 warning sign

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 Business Description

Other Exchanges 532835:India
Address Building No. 8, 2nd Floor, Tower A, DLF Cyber City, Phase II, Gurugram, HR, IND, 122 002
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.
87GF Score

Get the complete analysis for NSE:ICRA

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹5,249.50
Price
₹8,166.22
GF Value