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ICRA · Financials · 2026-08-21

ICRA Ltd

Stage 4 · wk 33In scan: Breakout WatchMARKET: BULL RISING · 2026-08-21
₹4,964.8
+2.01% today
₹4,779 Cr · Small cap
About this companyFinancials· Stock Exchanges & Ratings
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ICRA Limited operates as an independent and professional investment information, and credit rating agency in India and internationally. The company operates through Ratings and Ancillary Services; and Research and Analytics segments. It offers research, and industry and economic research; data management and analytics, cash flow waterfall modelling, model validation and testing, credit risk analysis, and business transformation; market data and risk consulting services; and management consulting, and outsourcing and information services. The company also provides credit rating services for various issuers including manufacturing, service, non-banking finance, and infrastructure companies, as well as bank and financial institutions, municipal and other local bodies, state government, and small and medium sector entities; and financial sector ratings, which includes term loans, debentures, public deposits, working capital demand loans, cash credit from banks, commercial paper, mibor-linked loans, and others. It offers structured finance ratings for assessment of risk associated with individual components of structured instruments, including asset-backed securitization, collateralized debt obligation, mortgage backed securitization, future flow transaction, and partial guarantee structures; and infrastructure sector ratings to debt programs of issuers in power, roads, telecommunication, and other infrastructure related sectors. The company also provides other ratings, which includes mutual funds, public finance, infrastructure expected loss, infrastructure investment trust, independent credit evaluation, and market liked debenture. It offers credit perspectives detailed analysis, including key rating consideration, rating sensitivity factor, rating rationale, company profile, business update and outlook, financial update and outlook, etc.; and software solutions. ICRA Limited was incorporated in 1991 and is headquartered in Gurugram, India.

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P/E (TTM)
28.6
Forward 20.8
Earnings Growth (YoY)
+32.3%
Revenue +4.1%
ROE
+16.3%
Profit margin +30.3%
Dividend Yield
1.30%
P/B 4.8
vs 52W High
-26.3%
₹4,712.5 lo₹6,734 hi
26.3% below 52W high — ongoing decline
In Stage 4, distance from the 52W high reflects ongoing decline — not a discount. Avoid catching falling knives.
Stage Maturity
Week 33
1w13w26w
Week 33 — extended decline
How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure — there's no 'bottom' time to buy.
vs 200 DMA
-11.2%
200 DMA: ₹5,590.5 · sloping down
In Stage 4, the stock is below its 200 DMA — the hallmark of a downtrend. No long positions warranted until this reverses structurally.
Rel Volume
0.89x
vs 50-day avg
High volume on down days in Stage 4 confirms institutional selling. Low volume bounces are typical — they lack real buyers and should not be mistaken for reversals.
Trend Health
MA20 rolling over · -0.8% vs MA50 -2.0%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
Sector
Financials
↑ Building
Stage 2%
41.5%
20d Δ
+7.7pp
1M return
+2.1%
3M return
+3.6%
Sector Stage-2 % · last 20 days
Sector has 92 Stage 2 leaders. See Financials Stage 2 →
Industry
Stock Exchanges & Ratings
→ Flat
Stage 2%
28.6%
20d Δ
+0.0pp
1M return
+1.0%
3M return
-8.6%
Industry Stage-2 % · last 20 days
Industry has 2 Stage 2 leaders. See Stock Exchanges & Ratings Stage 2 →
Price + Volume Chart
Loading price chart…
Stage Cycle Timeline2023-05-26 → 2026-08-21
S2 22w
S2 15w
S2 21w
S4 34w
2023-05-262026-08-21
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 22w → S3 8w → S2 15w → S3 3w → S4 8w → S1 3w → S2 21w → S3 10w → S4 13w → S1 6w → S2 7w → S3 12w → S2 2w → S3 4w → S4 34w current
Total tracked: 168 weeks across 15 stage runs.
1M
+4.0%
3M
-7.7%
6M
-13.7%
YTD
-19.1%
1Y
-18.7%
Scan Membership
Breakout Watch
Latest: 2025-11-12
3 appearances in last 60 days. First seen: 2024-07-15.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-08-21S4
Wk 33 · Vol x
2026-08-20S4
Wk 33 · Vol x
2026-08-19S4
Wk 33 · Vol x
2026-08-18S4
Wk 33 · Vol x
2026-08-17S4
Wk 32 · Vol x
2026-08-14S4
Wk 32 · Vol x
2026-08-13S4
Wk 32 · Vol x
2026-08-12S4
Wk 32 · Vol x
2026-08-11S4
Wk 32 · Vol x
2026-08-10S4
Wk 31 · Vol x
2026-08-07S4
Wk 31 · Vol x
2026-08-06S4
Wk 31 · Vol x
Sector Peers — Stage 2All →
TFCILTD
wk 26 · -1.3% from hi
9.6
PRUDENT
wk 12 · -1.4% from hi
8.4
KTKBANK
wk 23 · -2.0% from hi
8.3
ESAFSFB
wk 9 · 0.0% from hi
7.6
MUFIN
wk 13 · -0.0% from hi
7.5
Moving averages & range
50 DMA
₹5,129.5
200 DMA
₹5,590.5
52W High
₹6,734
52W Low
₹4,712.5
5D Low
₹4,867.2
Resistance levels (recent highs)
20d High
₹5,265.6
60d High
₹5,375
120d High
₹5,706.5
250d High
₹6,734
Next resistance
+6.1%
to 20d High

All analytics based on EOD data. Data as of 2026-08-21. Past data patterns are not indicative of future results. This page is a data analytics tool only.