ICRA Reports

  • Expect RBI to keep repo rate, CRR unchanged: ICRA  

    The RBI is expected to keep the Repo rate and the Cash Reserve Ratio unchanged in the upcoming policy review, to guard against further Rupee depreciation, says ICRA.

    23 Jul 2013, 1.44 pm  |  Source:

  • Tractor industry to witness moderate growth in FY14: ICRA  

    According to ICRA Volumes in the Indian Tractor Industry are expected to expand by 5 percent-7 percent in FY14, says rating major ICRA in its latest release on Indian Tractor Industry. Growth estimates could be revised upwards, co...

    08 Jul 2013, 6.46 pm  |  Source:

  • ICRA expects 10-12% growth for pharma industry in 2013-14  

    ICRA has come out with industry update release on pharma sector. The research firm, expects the industry to revert to a growth of 10-12% in 2013-14. The impact of new DPCO though expected to be limited, could also get offset by vo...

    08 Jul 2013, 6.42 pm  |  Source:

  • ICRA expects drug formulation industry to grow at 10-12%  

    ICRA has come out with its release on Indian pharma industry. According to research firm, drug formulation industry is expected to grow at 10-12% in 2013-14. Growth opportunities intact but managing industry challenges remains key...

    05 Jul 2013, 6.43 pm  |  Source:

  • Weakening rupee reverses under-recovery gains for OMCs:ICRA  

    As the prices of sensitive products are regulated, the Rupee selling prices of these remain either unchanged or increase marginally, thereby increasing the gross under-recovery burden of OMCs. Weakening rupee reverses under-recove...

    02 Jul 2013, 3.43 pm  |  Source:

  • ICRA revises Kavveri Telecom`s valuation grade to 'D'  

    ICRA Research believes a further correction in Kavveri Telecom price is warranted and thereby revises the valuation grade to 'D', indicating moderately overvalued from 'C' indicating fairly valued on relative basis.

    26 Jun 2013, 1.46 pm  |  Source:

  • Faltering road sector gets due attention: ICRA  

    According to Mr. Rohit Inamdar, Senior Vice-President, ICRA, "Around 18 projects which were awarded in FY12 could not achieve financial closure till March 2013 due to uncertainty on land acquisition and approvals as well as reluct...

    20 Jun 2013, 5.50 pm  |  Source:

  • ICRA expects RBI to desist from rate cuts in next policy  

    According to ICRA the RBI is expected to desist from monetary easing in the upcoming policy review, in spite of the persistent weakness in industrial growth.

    17 Jun 2013, 5.01 pm  |  Source:

  • ICRA comments on RBI's policy review, June 17, 2013  

    Interest costs would continue to weigh upon the margins of Indian Corporates until monetary transmission improves. In light of issues related to project clearances and uncertainties in the operating environment, a reduction in bas...

    17 Jun 2013, 1.36 pm  |  Source:

  • Softening G-Sec yields to boost PSBs' profitability: ICRA  

    According to ICRA the profitability of public sector banks (PSBs) has been under pressure over the last few quarters on account of mounting credit provisions following slippages in asset quality as well as increase in credit provi...

    12 Jun 2013, 4.33 pm  |  Source:

  • Domestic Two-wheelers volumes to remain flat in FY14: ICRA  

    ICRA expects the domestic 2W industry volumes remain flat in 2013-14 as demand slowdown as well as base effect catches up with the industry that has demonstrated a healthy volume expansion over the last three years at cumulative a...

    11 Jun 2013, 6.10 pm  |  Source:

  • RBI tightens restructuring norms; some relief for projects  

    According to ICRA, the tighter norms for restructuring and better aligned disclosure standards prescribed by the RBI are likely to increase transparency and enable investors and analysts to assess the financial health of the syste...

    03 Jun 2013, 5.02 pm  |  Source:

  • Pricing mechanism to impact earnings of Pharma cos: ICRA  

    A market-based pricing mechanism is more acceptable to pharma industry and over a longer-period may limit the adverse impact on the industry, says ICRA.

    31 May 2013, 3.42 pm  |  Source:

  • Current account deficit may fall to 4.5% in 2013-14: ICRA  

    ICRA, India's leading rating agency expect the current account deficit to decline to 4.5 percent of GDP (~USD 94 billion) in 2013-14 from 5.0 percent of GDP (~USD 92 billion) in 2012, while remaining unsustainably high.

    29 May 2013, 2.17 pm  |  Source:

  • Domestic Sugar production to fall 6-8% in SY2012-13: ICRA  

    ICRA estimates the sugar production of the domestic sugar industry to decline from 26 million MT in sugar year (SY1) 2011-12, to around 24-24.5 million MT in SY 2012-13 (a decline of around 6-8 percent), driven mainly by weak and ...

    23 May 2013, 2.09 pm  |  Source:

  • Telcos seeing pricing power, uptick in data services: ICRA  

    Rating agency ICRA, in a report, says the restoration of pricing power to telcos and the uptake of data services have been two positive developments for the telecom industry over the past two months.

    06 May 2013, 6.10 pm  |  Source:

  • RBI Credit Policy: Further policy rate cut may be limited to 25 bps, says ICRA  

    ICRA has come out with its comments on RBI's monetary policy. A reduction in the cash reserve ratio seems likely only in the event of a sizable external shock, says Naresh Takkar, MD & CEO of ICRA Ltd.

    03 May 2013, 3.53 pm  |  Source:

  • Commodity price fall provides room to cut policy rate: ICRA  

    Based on a relatively more benign outlook for inflation and the current account deficit following the recent moderation in commodity prices, as well as the continuing sluggishness in investment activity and domestic consumption se...

    02 May 2013, 1.41 pm  |  Source:

  • Outlook positive for pharma companies: ICRA  

    Painting a favourable picture for the Indian pharmaceutical companies, leading credit rating agency, ICRA said these companies will continue to benefit from recovery in the domestic market, strong growth potential in generics mark...

    13 Apr 2013, 4.41 pm  |  Source:

  • RBI may cut Repo rate by 25 bps: ICRA  

    Expect the RBI may reduce the Repo rate by 25 basis points in the upcoming mid-quarter policy review to address the slowdown in growth: Aditi Nayar, Sr.Economist of ICRA

    14 Mar 2013, 3.58 pm  |  Source:

  • ICRA maintains negative outlook for hotel industry  

    ICRA maintains a negative outlook for 2012-13 with limited prospects of an upwards breakout for Indian Hotel Industry, according to a latest study by ICRA. Visibility on the immediate term growth remains clouded with an uncertain ...

    20 Feb 2013, 6.36 pm  |  Source:

  • Aviation may return to 11% CAGR growth in medium-term: ICRA  

    The pressures in the near-term remains on the aviation industry, it would return to a growth of 11% CAGR over the medium-term as some of the cyclical variables become less spiteful, says ICRA

    20 Feb 2013, 6.35 pm  |  Source:

  • ICRA maintains valuation grade of 'C' to Godrej Industries  

    ICRA equity research has come out with its update note on Godrej Industries, Q3 FY13. The research firm has maintained company's fundamental grading of '4+' indicating "Strong Fundamentals" and valuation grading of 'C' indicating ...

    09 Feb 2013, 2.14 pm  |  Source:

  • Indian retail non banking finance market in 2011-12: ICRA  

    ICRA has come out with its report on Indian retail non banking finance market. According to the rating agency, retail credit for NBFCs is expected to grow by only 17% in 2012-13. Gross NPA% of the NBFCs is likely to deteriorate fr...

    21 Jan 2013, 5.39 pm  |  Source:

  • ICRA: Partial deregulation of diesel positive for PSU OMCs  

    ICRA has come out with its report/release on impact of partial deregulation of diesel prices. According to the research firm, the major benefit of partial deregulation to the fiscal position of GoI and the OMCs is expected to accr...

    18 Jan 2013, 6.19 pm  |  Source:

  • Auto: Sluggish trends continue post festive season  

    ICRA has come out with its report on monthly automobile sector update. In view of current economic slowdown, high financing costs, significant competition from LCV segment & limited visibility for further fresh permit issuances, t...

    17 Jan 2013, 7.08 pm  |  Source:

  • ICRA sees high food prices adding to inflation woes in Jan  

    ICRA has come out with its comment on Inflation numbers. According to the research firm, Higher food prices are expected to add to inflationary pressures in January 2013.

    14 Jan 2013, 5.04 pm  |  Source:

  • Rao panel recos to benefit banks more than gold loan cos  

    ICRA Research has come out with its report on Rao Committee. The KUB Rao committee report on gold loan companies (GLCs), released by the Reserve Bank of India (RBI) on January 2, 2013, recognises the need for strengthening the GLC...

    04 Jan 2013, 3.33 pm  |  Source:

  • ICRA's review of new urea investment policy 2012  

    ICRA Research has come out with its report on new urea investment policy 2012.

    04 Jan 2013, 3.26 pm  |  Source:

  • Road sector continues to face multiple challenges: ICRA  

    ICRA Research has come out with its report on road sector. According to the research firm, road sector in India continues to face multiple challenges in the form of execution impediments, financing constraints, optimistic traffic ...

    26 Dec 2012, 11.55 am  |  Source:

Follow us on
Available On