ICRA Limited (ICRA) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.071x

Based on the latest financial reports, ICRA Limited (ICRA) has a cash flow conversion efficiency ratio of 0.071x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (Rs779.99 Million ≈ $8.44 Million USD) by net assets (Rs10.92 Billion ≈ $118.13 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See ICRA Limited net asset quality index to measure how much of total assets are equity-financed.

ICRA Limited - Cash Flow Conversion Efficiency Trend (2002–2025)

This chart illustrates how ICRA Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check ICRA Limited (ICRA) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.

ICRA Limited Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of ICRA Limited ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Suzhou Sunmun Technology Co Ltd SHE:300522	0.052x
Anhui Jiuhuashan Tourism Dvlp SHG:603199	0.044x
Ur Energy Inc NYSE MKT:URG	-0.166x
Sariguna Primatirta PT JK:CLEO	0.079x
Shanghai Aohua Photoelectricity Endoscope Co. Ltd. A SHG:688212	N/A
Sichuan Expressway Company Limited F:EXF1	0.060x
AUPU Home Style Corp Ltd SHG:603551	0.023x
Zhejiang Netsun Co Ltd SHE:002095	0.015x

Annual Cash Flow Conversion Efficiency for ICRA Limited (2002–2025)

The table below shows the annual cash flow conversion efficiency of ICRA Limited from 2002 to 2025. For the full company profile with market capitalisation and key ratios, see market value of ICRA Limited.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-03-31	Rs10.58 Billion ≈ $114.38 Million	Rs1.45 Billion ≈ $15.67 Million	0.137x	+25.59%
2024-03-31	Rs9.81 Billion ≈ $106.09 Million	Rs1.07 Billion ≈ $11.57 Million	0.109x	+4.95%
2023-03-31	Rs9.55 Billion ≈ $103.27 Million	Rs992.58 Million ≈ $10.73 Million	0.104x	-9.51%
2022-03-31	Rs8.48 Billion ≈ $91.68 Million	Rs973.75 Million ≈ $10.53 Million	0.115x	+14.44%
2021-03-31	Rs7.61 Billion ≈ $82.30 Million	Rs763.84 Million ≈ $8.26 Million	0.100x	+231.54%
2020-03-31	Rs7.04 Billion ≈ $76.16 Million	Rs213.19 Million ≈ $2.31 Million	0.030x	-76.05%
2019-03-31	Rs6.40 Billion ≈ $69.17 Million	Rs808.54 Million ≈ $8.74 Million	0.126x	+34.04%
2018-03-31	Rs6.56 Billion ≈ $70.98 Million	Rs619.00 Million ≈ $6.69 Million	0.094x	-26.27%
2017-03-31	Rs5.00 Billion ≈ $54.07 Million	Rs639.53 Million ≈ $6.92 Million	0.128x	-14.29%
2016-03-31	Rs4.77 Billion ≈ $51.59 Million	Rs711.89 Million ≈ $7.70 Million	0.149x	-5.86%
2015-03-31	Rs4.29 Billion ≈ $46.44 Million	Rs680.64 Million ≈ $7.36 Million	0.159x	-26.16%
2014-03-31	Rs3.88 Billion ≈ $42.01 Million	Rs833.78 Million ≈ $9.02 Million	0.215x	+207.91%
2013-03-31	Rs3.44 Billion ≈ $37.18 Million	Rs239.67 Million ≈ $2.59 Million	0.070x	-46.07%
2012-03-31	Rs3.02 Billion ≈ $32.61 Million	Rs389.82 Million ≈ $4.22 Million	0.129x	-30.09%
2011-03-31	Rs2.57 Billion ≈ $27.80 Million	Rs475.41 Million ≈ $5.14 Million	0.185x	-1.75%
2010-03-31	Rs2.22 Billion ≈ $23.98 Million	Rs417.33 Million ≈ $4.51 Million	0.188x	-7.55%
2009-03-31	Rs1.89 Billion ≈ $20.41 Million	Rs384.20 Million ≈ $4.15 Million	0.204x	+6.48%
2008-03-31	Rs1.64 Billion ≈ $17.72 Million	Rs313.29 Million ≈ $3.39 Million	0.191x	+77.10%
2007-03-31	Rs1.47 Billion ≈ $15.94 Million	Rs159.12 Million ≈ $1.72 Million	0.108x	+9.42%
2006-03-31	Rs936.29 Million ≈ $10.13 Million	Rs92.38 Million ≈ $999.06K	0.099x	+93.80%
2005-03-31	Rs837.92 Million ≈ $9.06 Million	Rs42.66 Million ≈ $461.35K	0.051x	-37.89%
2004-03-31	Rs792.11 Million ≈ $8.57 Million	Rs64.93 Million ≈ $702.19K	0.082x	+13.17%
2003-03-31	Rs731.19 Million ≈ $7.91 Million	Rs52.96 Million ≈ $572.74K	0.072x	+0.33%
2002-03-31	Rs671.13 Million ≈ $7.26 Million	Rs48.45 Million ≈ $523.97K	0.072x	--

About ICRA Limited

NSE:ICRA India Financial Data & Stock Exchanges

Market Cap

$534.07 Million

Rs49.38 Billion INR

Market Cap Rank

#11744 Global

#594 in India

Share Price

Rs5131.50

Change (1 day)

+4.65%

52-Week Range

Rs4712.50 - Rs6734.00

All Time High

Rs7269.20