ICRA Limited (ICRA) — Net Asset Quality Index
ICRA Limited (ICRA) has a Net Asset Quality Index of 80.1% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of Rs13.64 Billion minus total liabilities of Rs2.72 Billion yields net assets of Rs10.92 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check ICRA Limited (ICRA) asset resilience to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
ICRA Limited Net Asset Quality Index Over Time (2002–2025)
This chart shows how ICRA Limited's Net Asset Quality Index has evolved across 24 annual periods from 2002 to 2025. As of September 2025, the index stands at 80.1%, representing net assets of Rs10.92 Billion against total assets of Rs13.64 Billion INR. See ICRA Limited (ICRA) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for ICRA Limited (2002–2025)
The table below presents the year-by-year Net Asset Quality Index for ICRA Limited from 2002 to 2025, covering 24 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see ICRA Limited market capitalisation.
| Year | Quality Index | Net Assets (INR) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 81.7% | Rs10.58 Billion | Rs12.94 Billion | Rs2.37 Billion | ▼ -0.9 pp |
| 2024 | 82.7% | Rs9.81 Billion | Rs11.87 Billion | Rs2.06 Billion | ▼ -4.1 pp |
| 2023 | 86.7% | Rs9.55 Billion | Rs11.01 Billion | Rs1.46 Billion | ▲ +0.1 pp |
| 2022 | 86.6% | Rs8.48 Billion | Rs9.78 Billion | Rs1.31 Billion | ▲ +1.7 pp |
| 2021 | 84.9% | Rs7.61 Billion | Rs8.96 Billion | Rs1.35 Billion | ▲ +1.6 pp |
| 2020 | 83.3% | Rs7.04 Billion | Rs8.46 Billion | Rs1.41 Billion | ▼ -0.1 pp |
| 2019 | 83.3% | Rs6.40 Billion | Rs7.67 Billion | Rs1.28 Billion | ▼ -1.8 pp |
| 2018 | 85.2% | Rs6.56 Billion | Rs7.71 Billion | Rs1.14 Billion | ▲ +3.3 pp |
| 2017 | 81.8% | Rs5.00 Billion | Rs6.11 Billion | Rs1.11 Billion | ▲ +5.8 pp |
| 2016 | 76.0% | Rs4.77 Billion | Rs6.27 Billion | Rs1.50 Billion | ▲ +2.4 pp |
| 2015 | 73.6% | Rs4.29 Billion | Rs5.83 Billion | Rs1.54 Billion | ▼ -1.6 pp |
| 2014 | 75.3% | Rs3.88 Billion | Rs5.16 Billion | Rs1.28 Billion | ▼ -2.7 pp |
| 2013 | 78.0% | Rs3.44 Billion | Rs4.41 Billion | Rs970.87 Million | ▼ -0.5 pp |
| 2012 | 78.5% | Rs3.02 Billion | Rs3.84 Billion | Rs826.81 Million | ▲ +1.3 pp |
| 2011 | 77.2% | Rs2.57 Billion | Rs3.33 Billion | Rs760.03 Million | ▲ +8.9 pp |
| 2010 | 68.3% | Rs2.22 Billion | Rs3.25 Billion | Rs1.03 Billion | ▼ -0.7 pp |
| 2009 | 68.9% | Rs1.89 Billion | Rs2.74 Billion | Rs850.29 Million | ▼ -6.8 pp |
| 2008 | 75.7% | Rs1.64 Billion | Rs2.16 Billion | Rs525.19 Million | ▲ +70.8 pp |
| 2007 | 4.9% | Rs1.47 Billion | Rs29.93 Billion | Rs28.46 Billion | ▼ -78.1 pp |
| 2006 | 83.0% | Rs936.29 Million | Rs1.13 Billion | Rs191.55 Million | ▼ -2.5 pp |
| 2005 | 85.6% | Rs837.92 Million | Rs979.29 Million | Rs141.37 Million | ▲ +2.2 pp |
| 2004 | 83.4% | Rs792.11 Million | Rs950.10 Million | Rs157.99 Million | ▼ -3.0 pp |
| 2003 | 86.3% | Rs731.19 Million | Rs846.92 Million | Rs115.73 Million | ▼ -1.0 pp |
| 2002 | 87.4% | Rs671.13 Million | Rs768.18 Million | Rs97.05 Million | — |