ICRA (NSE:ICRA) Research & Development: ₹0 Mil (TTM As of Mar. 2026)


NSE:ICRA ICRA Ltd NSE:ICRA
90 GF Score
Price ₹5,346.00
GF Value ₹8,091.92
Valuation Possible Value Trap
! 1 Warning Sign
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What is ICRA Research & Development?

ICRA NSE:ICRA +0.74% 90 Research & Development is ₹0 Mil as of Mar. 2026. GuruFocus rates NSE:ICRA with a GF Score™ of 90/100 and a GF Value™ of ₹8,091.92 (Possible Value Trap). The stock has 1 warning sign investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. ICRA's Research & Development for the three months ended in Mar. 2026 was ₹0 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0 Mil.

ICRA  (NSE:ICRA) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

ICRA Research & Development Related Terms

ICRA Research & Development Historical Data

* Premium members only.

The historical data trend for ICRA's Research & Development 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 Research & Development Chart

ICRA Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
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ICRA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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NSE:ICRA
90GF Score
ICRA Ltd NSE:ICRA
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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ICRA Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development 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.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of ₹0 Mil mean?
ICRA (NSE:ICRA) has a Research & Development of ₹0 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on ICRA and its competitors.
Is ICRA's Research & Development too high?
ICRA's current Research & Development is ₹0 Mil. 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 Research & Development compare to SPGI and CME?
ICRA's Research & Development of ₹0 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Capital Markets company?
A good Research & Development depends on the Capital Markets industry context. However, Research & Development 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 Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on ICRA and its competitors. ICRA's current Research & Development is ₹0 Mil. 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 Research & Development is ₹0 Mil. 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 Research & Development calculated?
Research & Development is calculated from a company's financial statements. For ICRA (NSE:ICRA), the current Research & Development is ₹0 Mil 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:

  • Research & Development: ₹0 Mil
  • GF Value™: ₹8,091.92 vs. price of ₹5,346.00 (33.9% below fair value)
  • GF Score™: 90/100 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.
90GF Score

Get the complete analysis for NSE:ICRA

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹5,346.00
Price
₹8,091.92
GF Value