OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. ICRA's Cash Flow from Operations for the
three
months ended in Mar. 2026 was ₹0 Mil. ICRA's Revenue for the
three
months ended in Mar. 2026 was ₹1,749 Mil. Therefore, ICRA's OCF Margin % for the quarter that ended in Mar. 2026 was 0.00%.
The historical rank and industry rank for ICRA's OCF Margin % or its related term are showing as below:
NSE:ICRA'
s OCF Margin % Range Over the Past 10 Years
Min: 6.79 Med: 25 Max: 29.09
Current: 26.23
During the past 13 years, the highest OCF Margin % of ICRA was 29.09%. The lowest was 6.79%. And the median was 25.00%.
NSE:ICRA's OCF Margin % is ranked better than 66.54% of 774
companies
in the Capital Markets industry
Industry Median: 3.665
vs NSE:ICRA: 26.23
ICRA OCF Margin % Related Terms
ICRA OCF Margin % Historical Data
* Premium members only.
The historical data trend for ICRA's OCF Margin % 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: OCF Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, ICRA's OCF Margin %, along with its competitors' market caps and OCF Margin % 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 OCF Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, ICRA's OCF Margin % distribution charts can be found below:
* The bar in red indicates where ICRA's OCF Margin % 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 OCF Margin % of 0.00% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on ICRA and its competitors. Over the past decade, ICRA's OCF Margin % has ranged from 6.79 to 29.09. According to the industry distribution chart, ICRA ranks #259 out of 774 companies in the Capital Markets industry, placing it in the top 33.5%.
Is ICRA's OCF Margin % too high?
ICRA's current OCF Margin % is 0.00%. Over the past 10 years, this metric has ranged from a low of 6.79 to a high of 29.09. Based on the distribution chart, ICRA ranks #259 out of 774 companies in the Capital Markets industry, which is above the industry midpoint. Overall, ICRA has a GF Score™ of 90/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ICRA's OCF Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, ICRA ranks #259 out of 774 companies for OCF Margin %. This puts ICRA in the upper half of its industry. The industry median OCF Margin % is 3.67. Historically, ICRA's own OCF Margin % has ranged from 6.79 to 29.09 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good OCF Margin % for a Capital Markets company?
The median OCF Margin % among Capital Markets companies is 3.67, based on 774 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on ICRA and its competitors. For the Capital Markets industry, the median OCF Margin % is 3.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICRA's current OCF Margin % is 0.00%. 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 ₹8,091.92, compared to a current price of ₹5,346.00 — trading 33.9% below its estimated fair value. The current OCF Margin % is 0.00%. ICRA's overall GF Score™ is 90/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For ICRA (NSE:ICRA), the current OCF Margin % is 0.00% 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 ₹5,346.00 is trading 33.9% below its estimated GF Value™ of ₹8,091.92.
GuruFocus considers ICRA to be Possible Value Trap.
Key valuation signals for NSE:ICRA:
OCF Margin %: 0.00%
GF Value™: ₹8,091.92 vs. price of ₹5,346.00 (33.9% below fair value)
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.
90GF Score
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