ICRANSE:ICRA -0.65%88 Pretax Margin % is 41.63% as of Mar. 2026, which is 7% below its 10-year median of 44.87. GuruFocus rates NSE:ICRA with a GF Score™ of 88/100 and a GF Value™ of ₹8,137.73 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 776 Capital Markets companies, ICRA ranks better than 70.88% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. ICRA's Pre-Tax Income for the
three
months ended in Mar. 2026 was ₹728 Mil. ICRA's Revenue for the
three
months ended in Mar. 2026 was ₹1,749 Mil. Therefore, ICRA's pretax margin for the quarter that ended in Mar. 2026 was 41.63%.
The historical rank and industry rank for ICRA's Pretax Margin % or its related term are showing as below:
NSE:ICRA'
s Pretax Margin % Range Over the Past 10 Years
Min: 37.53 Med: 44.87 Max: 51.48
Current: 41.78
NSE:ICRA's Pretax Margin % is ranked better than 70.88% of 776
companies
in the Capital Markets industry
Industry Median: 20.435
vs NSE:ICRA: 41.78
ICRA (NSE:ICRA) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
ICRA Pretax Margin % Related Terms
ICRA Pretax Margin % Historical Data
* Premium members only.
The historical data trend for ICRA's Pretax 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: Pretax Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, ICRA's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, ICRA's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where ICRA's Pretax 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 Pretax Margin % of 41.63% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on ICRA and its competitors. This is near median its historical median of 44.87. Over the past decade, ICRA's Pretax Margin % has ranged from 37.53 to 51.48. According to the industry distribution chart, ICRA ranks #226 out of 776 companies in the Capital Markets industry, placing it in the top 29.1%.
Is ICRA's Pretax Margin % too high?
ICRA's current Pretax Margin % of 41.63% is near median its 10-year median of 44.87. Over the past 10 years, this metric has ranged from a low of 37.53 to a high of 51.48. The Capital Markets industry median Pretax Margin % is 20.44. ICRA's value of 41.63% is 103.7% above this industry median. Based on the distribution chart, ICRA ranks #226 out of 776 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 Pretax Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, ICRA ranks #226 out of 776 companies for Pretax Margin %. This puts ICRA in the upper half of its industry. The industry median Pretax Margin % is 20.44. ICRA's value of 41.63% is 103.7% above this benchmark. Historically, ICRA's own Pretax Margin % has ranged from 37.53 to 51.48 over the past decade. While the company's 10-year median is 44.87 vs. the industry median of 20.44, 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 Pretax Margin % for a Capital Markets company?
The median Pretax Margin % among Capital Markets companies is 20.44, based on 776 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ICRA's current Pretax Margin % of 41.63% is 103.7% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on ICRA and its competitors. For the Capital Markets industry, the median Pretax Margin % is 20.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICRA's current Pretax Margin % is 41.63%, which is near median its own 10-year median of 44.87. 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 ₹8,137.73, compared to a current price of ₹5,286.50 — trading 35% below its estimated fair value. The current Pretax Margin % is 41.63%, which is near median its 10-year median of 44.87 and 103.7% above the Capital Markets industry median of 20.44. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For ICRA (NSE:ICRA), the current Pretax Margin % is 41.63% 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 35% below its estimated GF Value™ of ₹8,137.73.
GuruFocus considers ICRA to be Possible Value Trap.
Key valuation signals for NSE:ICRA:
Pretax Margin %: 41.63% (near median its 10-year median of 44.87)
GF Value™: ₹8,137.73 vs. price of ₹5,286.50 (35% below fair value)
Industry Position: 103.7% above the Capital Markets median (#226 of 776)
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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