| Author |
Message |
tyler_durden
Senior Member
Joined: 24/Oct/2006
Location: India
Online Status: Offline
Posts: 1615
|
   Posted: 25/Oct/2007 at 1:14pm |
|
i have one friend working with ICRA...actually thats how i was introduced to this idea...i will talk to him in detail ASAP and share the key points....in the mean time if we have any specialist here in TED then it would be great to hear his/her views....
|
|
If you aren't fired with enthusiasm, you will be fired with enthusiasm.
|
 IP Logged |
|
|
|
 |
|
tyler_durden
Senior Member
Joined: 24/Oct/2006
Location: India
Online Status: Offline
Posts: 1615
|
Posted: 25/Oct/2007 at 2:48pm |
1. once BASEL 2 is mandatory both ICRA and CRISIL will gain...
2. PSU banks being stakeholder's in ICRA will prefer ICRA..SBI will go with ICRA...  WB holds moodys ...RJ holds crisil....so both merit investment....ICRA is lookin expensive but considering future earnings then its available cheap...
in addition to this IFCI, Unit Trust of India will also come to ICRA...
another trigger is that ICRA is starting consulting services...
then ICRA is first indian rating agency to enter europe...they re assisting some bulgarian agency....
Edited by tyler_durden - 25/Oct/2007 at 2:52pm
|
|
If you aren't fired with enthusiasm, you will be fired with enthusiasm.
|
|
IP Logged |
|
|
|
tyler_durden
Senior Member
Joined: 24/Oct/2006
Location: India
Online Status: Offline
Posts: 1615
|
Posted: 29/Oct/2007 at 7:33pm |
I C R A Limited
An Associate of Moody’s Investors Service
ICRA Limited: Unaudited Financial Results for the quarter and
half year ended September 30, 2007
The Board of Directors of ICRA Limited at its meeting held today approved the Unaudited Financial
Results for the quarter and half year ended September 30, 2007.
Highlights
ICRA’s Total Income for the quarter ended September 30, 2007 was Rs. 179.63 million vis a vis Rs. 108.89 million in the corresponding quarter of the previous fiscal, reflecting growth of 65% during the current fiscal. ICRA’s Profit after Tax was higher at Rs. 70.22 million as compared with Rs. 33.25 million for the corresponding quarter of the previous fiscal, showing growth of 111%. Group ICRA’s consolidated Total Income for the quarter ended September 30, 2007 was Rs. 282.20 million vis-à-vis Rs. 167.10 million in the corresponding quarter of the previous fiscal, reflecting growth of 69%. Group ICRA’s Profit after Tax was higher at Rs. 81.58 million as compared with Rs. 31.30 million for the corresponding quarter of the previous fiscal, showing growth of 161%.
For the half year ended September 30, 2007 ICRA’s Total Income was Rs. 318.79 million vis a vis Rs.225.57 million in the corresponding period of the previous fiscal, reflecting growth of 41% during the current fiscal. ICRA’s Profit after Tax was higher at Rs. 117.18 million as compared with Rs. 73.38 million for the corresponding half year of the previous fiscal, showing growth of 60%. Group ICRA’s consolidated Total Income for the half year was Rs. 496.49 million vis-à-vis Rs. 338.45 million in the corresponding half year of the previous fiscal, reflecting growth of 47%. Profit after Tax was higher at Rs. 125.49 million as compared with Rs. 68.06 million for the corresponding half year of the previous fiscal, showing growth of 84%.
ICRA’s Rating Services Income for the half year ended September 30, 2007 was Rs. 280.48 million vis a vis Rs. 196.22 million in the corresponding half year of the previous fiscal, reflecting growth of 43% during the current fiscal. This growth is attributable to the increase in income from all the major business segments viz Corporate, Financial, Structured Finance, Public Finance and Grading Services.
The consolidated Group ICRA includes ICRA Management Consulting Services Limited, ICRA Techno Analytics Limited and ICRA Online Limited.
------------------------------------------------------------------------------------------------
great results indeed...expect year end EPS to cross 20 ... and at 980 its available at PE of 49 .... current scenario is expensive but expect earnings to catch up with valuations....one of my friend who s an analyst has told me that ICRA can touch 1600 by year end....but am not looking at technicals....the business is good and has tremendous scope
|
|
If you aren't fired with enthusiasm, you will be fired with enthusiasm.
|
|
IP Logged |
|
|
|
tyler_durden
Senior Member
Joined: 24/Oct/2006
Location: India
Online Status: Offline
Posts: 1615
|
Posted: 30/Oct/2007 at 2:26pm |
ICRA is also into KPO....KPO is touted as next big thing post BPO.....KPO is a high margin business (35-40% for third party service providers like ICRA) .... right now KPO is only 3% of ICRA's revenues so growth can come from this quarter too...but dollar downside will be a threat for KPO business.....
2009 will mark major expansion in eps of ICRA as by 2009/10 banks will have to register themselves under BASEL2....+ foreign banks will enter indian mkt in a big way and then credit ratings will be very important business and direct beneficiary - ICRA and CRISIL...
crisil too has posted great results in this qtr...so both re worth buying on dips..
Edited by tyler_durden - 30/Oct/2007 at 2:28pm
|
|
If you aren't fired with enthusiasm, you will be fired with enthusiasm.
|
|
IP Logged |
|
|
|
s_praharaj
Senior Member
Joined: 10/Sep/2006
Location: India
Online Status: Offline
Posts: 357
|
Posted: 01/Nov/2007 at 12:12pm |
ICRA will be a steady compounder in the times to come.
With Rating given a lot importance and becomming mandatory for big loans by Banks and with fewer competitions, ICRA seems to be a sure shot.
|
|
Shashi Praharaj
|
|
IP Logged |
|
|
|
tyler_durden
Senior Member
Joined: 24/Oct/2006
Location: India
Online Status: Offline
Posts: 1615
|
Posted: 02/Nov/2007 at 4:08pm |
In USA we have trans union which keeps a track of every transaction of a customer, like whatever a person purchases be it a car or vegetables or newspaper etc., the loans taken by him, EMIs paid by him...they also keep a track of all the cards held by a customer...
then these records are sold to big banks and credit card companies...and each record or transaction fetches these companies some money.... Do we have any company on similar lines in India?? ICRA and CRISIL do what FICO, S&P and Moodys re doing...and all of them are big names in USA...
lastly
shashi ji can you tell us how ICRA or CRISIL charge banks?? do they charge per branch or per customer for credit ratings?? i want to know how do they charge their clients for these ratings?
|
|
If you aren't fired with enthusiasm, you will be fired with enthusiasm.
|
|
IP Logged |
|
|
|
tyler_durden
Senior Member
Joined: 24/Oct/2006
Location: India
Online Status: Offline
Posts: 1615
|
Posted: 14/Nov/2007 at 1:16pm |
Icra Limited has informed the Exchange regarding a press release, titled "ICRA in MoU with UCO Bank to rate Bank Loans under RBI's New Capital Adequacy Framework for Basel-II". Date: 2007-11-14
come 2009 and ICRA will be flying high
|
|
If you aren't fired with enthusiasm, you will be fired with enthusiasm.
|
|
IP Logged |
|
|
|
xbox
Senior Member
Joined: 10/Sep/2006
Online Status: Offline
Posts: 2001
|
Posted: 14/Nov/2007 at 1:34pm |
|
I have 2 shares of ICRA (luke have 2 shares of mindtree). Interesting number .....
|
|
Don't bet on pig after all bull & bear in circle.
|
|
IP Logged |
|
|
|
Active Topics
Memberlist
Calendar
Search
Help
Register
Login
