ICICI Securities Ltd
ICICI Securities Limited is engaged in the business of broking (institutional and retail), distribution of financial products, merchant banking and advisory services. [1]
- Market Cap ₹ 27,707 Cr.
- Current Price ₹ 852
- High / Low ₹ 922 / 641
- Stock P/E 13.5
- Book Value ₹ 137
- Dividend Yield 3.40 %
- ROCE 19.8 %
- ROE 50.4 %
- Face Value ₹ 5.00
Pros
- Stock is providing a good dividend yield of 3.40%.
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 51.8%
- Company has been maintaining a healthy dividend payout of 55.6%
- Company's median sales growth is 25.0% of last 10 years
Cons
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Stock/ Commodity Brokers Industry: Finance & Investments
Part of Nifty 500 Multicap 50:25:25 BSE 250 LargeMidCap Index Nifty Total Market BSE 500 BSE MidCap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
705 | 812 | 1,209 | 1,124 | 1,404 | 1,858 | 1,725 | 1,720 | 2,585 | 3,435 | 3,421 | 5,048 | 6,212 | |
548 | 650 | 761 | 710 | 839 | 944 | 913 | 826 | 993 | 1,251 | 1,316 | 1,680 | 1,923 | |
Operating Profit | 157 | 162 | 448 | 414 | 565 | 914 | 812 | 894 | 1,592 | 2,183 | 2,105 | 3,368 | 4,289 |
OPM % | 22% | 20% | 37% | 37% | 40% | 49% | 47% | 52% | 62% | 64% | 62% | 67% | 69% |
0 | -0 | -2 | -1 | -0 | -2 | 0 | 1 | -1 | 2 | 1 | 2 | 5 | |
Interest | 31 | 24 | 31 | 25 | 28 | 49 | 42 | 86 | 107 | 273 | 536 | 986 | 1,399 |
Depreciation | 14 | 13 | 16 | 16 | 15 | 15 | 15 | 61 | 54 | 63 | 75 | 109 | 136 |
Profit before tax | 112 | 124 | 400 | 371 | 521 | 848 | 755 | 748 | 1,431 | 1,850 | 1,495 | 2,275 | 2,759 |
Tax % | 33% | 41% | 39% | 36% | 35% | 35% | 36% | 28% | 25% | 25% | 26% | 26% | |
76 | 73 | 244 | 236 | 338 | 549 | 487 | 537 | 1,068 | 1,380 | 1,112 | 1,694 | 2,055 | |
EPS in Rs | 0.94 | 0.91 | 3.03 | 2.93 | 4.19 | 17.05 | 15.12 | 16.66 | 33.13 | 42.75 | 34.43 | 52.40 | 63.49 |
Dividend Payout % | 40% | 55% | 66% | 68% | 61% | 138% | 62% | 66% | 65% | 56% | 55% | 55% |
Compounded Sales Growth | |
---|---|
10 Years: | 20% |
5 Years: | 24% |
3 Years: | 25% |
TTM: | 57% |
Compounded Profit Growth | |
---|---|
10 Years: | 37% |
5 Years: | 28% |
3 Years: | 17% |
TTM: | 66% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 3% |
1 Year: | 33% |
Return on Equity | |
---|---|
10 Years: | 57% |
5 Years: | 54% |
3 Years: | 52% |
Last Year: | 50% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 161 | 161 | 161 | 161 | 161 | 161 | 161 | 161 | 161 | 161 | 161 | 162 | 162 |
Reserves | 117 | 138 | 191 | 233 | 324 | 678 | 873 | 1,030 | 1,643 | 2,248 | 2,664 | 3,731 | 4,271 |
270 | 317 | 227 | 173 | 395 | 677 | 452 | 1,657 | 3,630 | 7,846 | 9,408 | 16,887 | 22,262 | |
355 | 1,004 | 782 | 825 | 1,160 | 1,349 | 3,160 | 1,570 | 2,722 | 3,363 | 3,303 | 4,808 | 4,963 | |
Total Liabilities | 903 | 1,620 | 1,361 | 1,392 | 2,040 | 2,865 | 4,646 | 4,418 | 8,156 | 13,618 | 15,536 | 25,588 | 31,659 |
33 | 35 | 35 | 35 | 35 | 38 | 44 | 198 | 161 | 184 | 258 | 529 | 631 | |
CWIP | 3 | 2 | 4 | 2 | 3 | 4 | 4 | 8 | 8 | 14 | 31 | 30 | 19 |
Investments | 75 | 161 | 13 | 13 | 14 | 16 | 15 | 15 | 15 | 23 | 937 | 420 | 37 |
792 | 1,424 | 1,309 | 1,341 | 1,988 | 2,806 | 4,584 | 4,198 | 7,972 | 13,397 | 14,311 | 24,609 | 30,972 | |
Total Assets | 903 | 1,620 | 1,361 | 1,392 | 2,040 | 2,865 | 4,646 | 4,418 | 8,156 | 13,618 | 15,536 | 25,588 | 31,659 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
162 | 66 | 2,289 | -1,862 | -1,611 | -2,600 | -676 | -5,623 | |||||
-17 | -21 | -21 | -23 | -40 | -69 | -125 | -257 | |||||
-54 | 6 | -561 | 545 | 1,417 | 3,130 | 266 | 5,715 | |||||
Net Cash Flow | 91 | 51 | 1,707 | -1,339 | -234 | 461 | -535 | -165 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 50 | 242 | 52 | 95 | 185 | 61 | 101 | 19 | 65 | 41 | 82 | 69 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 50 | 242 | 52 | 95 | 185 | 61 | 101 | 19 | 65 | 41 | 82 | 69 |
Working Capital Days | -74 | -135 | -125 | -73 | -51 | -38 | -460 | -80 | -219 | -260 | -234 | -244 |
ROCE % | 25% | 72% | 69% | 76% | 75% | 53% | 38% | 37% | 27% | 18% | 20% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
2d - The Comany has allotted 15,165 equity shares of Rs. 5/- each on November 5, 2024.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
28 Oct - The Company has allotted 15,039 equity shares of Rs. 5 each on October 28, 2024.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 Oct - Copies of the newspaper publications (Businsess Standard, The Free Press Journal and Navshakti) in which the unaudited financial results for the quarter and half year …
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
23 Oct - The Company has allotted 3,760 equity shares of Rs. 5 each on October 23, 2024.
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Announcement under Regulation 30 (LODR)-Change in Directorate
22 Oct - Resignation of directors and appointment of new chairman.
Annual reports
Concalls
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Jul 2024TranscriptNotesPPT
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Apr 2022TranscriptNotesPPT
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Oct 2018Transcript PPT
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Jul 2018Transcript PPT
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Apr 2018Transcript PPT
Business Segments FY22
Broking & Distribution (89%): Investment and trading across asset classes including equity, commodity, derivatives, currency, margin trading funding, offshore investments, etc for retail as well as institutional clients and distribution of proprietary as well as third party products such as Mutual Fund, Gold Bonds, ETFs, NPS, Corporate FDs, Bonds, etc.
Private Wealth Management (3%): Servicing High Networth clients by providing innovative products and solutions across their investment, business, and allied needs.
Issuer & Advisory Services (9%): Full-service investment banking services including, Equity Capital Market, Debt Advisory, M&A, etc. [1]