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 (ICRA) liquidity interval to measure how many days the company can operate on defensive assets alone.

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.

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
SANTANDER UK 8 5/8% NON-CUM STLG PRF LSE:SANB	0.003x
Ningbo Bird Co Ltd SHG:600130	0.000x
Mattr Corp TO:MATR	0.106x
Aquestive Therapeutics Inc NASDAQ:AQST	0.252x
Jiangsu WELLE Environmental Co Ltd SHE:300190	0.016x
Ethan Allen Interiors Inc NYSE:ETD	0.032x
Brilliance Technology Co Ltd SHE:300542	-0.164x
Zhejiang Xinzhonggang Thermal Power Co Ltd SHG:605162	0.045x

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 ICRA Limited market cap and net worth.

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

$536.26 Million

Rs49.59 Billion INR

Market Cap Rank

#12028 Global

#580 in India

Share Price

Rs5152.50

Change (1 day)

-0.14%

52-Week Range

Rs5003.00 - Rs7004.50

All Time High

Rs7269.20