ICRA Limited Cash Flow Conversion Efficiency

Latest as of September 2025: 0.071x

ICRA Limited cash flow conversion efficiency. 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.

Cash Flow Conversion Efficiency of ICRA Limited (2002–2025)

Cash flow conversion efficiency of ICRA Limited from 2002 to 2025. This chart illustrates how ICRA Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data. View ICRA share price today for real-time trading data and today's change.

ICRA Limited Cash Flow Conversion Ratio Explained

ICRA Limited cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.

ICRA Limited Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of ICRA Limited ranked by their cash flow conversion efficiency. Also see ICRA Limited market capitalisation for the company's overall valuation and market capitalisation.

Company	Cash Flow Conversion Efficiency
Shanghai Canature Environmental SHE:300272	0.033x
Commercial Bancgroup, Inc. Common Stock NASDAQ:CBK	0.033x
Altia Consultores S.A. MC:ALC	0.169x
Hangzhou Flariant Co Ltd SHG:605566	0.015x
Beijing Tongyizhong New Material Technology Corp SHG:688722	0.020x
QUADIENT SA ADR1/15/EO 1 F:NEQ0	N/A
MiCo Ltd KQ:059090	0.027x
Jiangxi Huawu Brake Co Ltd SHE:300095	0.038x

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. Review ICRA Limited (ICRA) FCF generation index to assess how much free cash flow the company generates relative to operating cash flow.

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

$452.69 Million

Rs41.86 Billion INR

Market Cap Rank

#12421 Global

#618 in India

Share Price

Rs4349.60

Change (1 day)

+0.12%

52-Week Range

Rs4232.00 - Rs6426.50

All Time High

Rs7269.20