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.

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. Read ICRA Limited (ICRA) financial obligations for a breakdown of total debt and financial obligations.

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
Shenzhen Huijie Group Co Ltd SHE:002763	0.048x
Sijin Intelligent Forming Machinery SHE:003025	0.060x
Shanghai Phoenix Enterprise Group Co Ltd A SHG:600679	0.069x
Pilani Investment and Industries Corporation Limited NSE:PILANIINVS	0.038x
SandRidge Energy Inc NYSE:SD	0.062x
Ari Real Estate Arena Investment Ltd TA:ARIN	0.017x
Huasu Holdings Co Ltd SHE:000509	-0.215x
Kid ASA OL:KID	0.385x

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

$564.29 Million

Rs52.18 Billion INR

Market Cap Rank

#11913 Global

#561 in India

Share Price

Rs5422.00

Change (1 day)

-0.23%

52-Week Range

Rs5003.00 - Rs7004.50

All Time High

Rs7269.20