ICICI Securities Ltd

ICICI Securities Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

ICICI Securities Ltd

₹ 822 -0.90%
15 Jan 2:10 p.m.
icicisecurities.com BSE: 541179 NSE: ISEC
About

ICICI Securities Limited is engaged in the business of broking (institutional and retail), distribution of financial products, merchant banking and advisory services. [1]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 26,706 Cr.
  • Current Price ₹ 822
  • High / Low ₹ 922 / 672
  • Stock P/E 13.0
  • Book Value ₹ 137
  • Dividend Yield 3.50 %
  • ROCE 19.8 %
  • ROE 50.4 %
  • Face Value ₹ 5.00
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Pros

  • Stock is providing a good dividend yield of 3.48%.
  • 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 BSE Financial Services Nifty Total Market BSE 500 Nifty 500 BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
856 942 891 794 858 879 885 934 1,249 1,322 1,543 1,640 1,706
313 334 329 313 335 331 337 364 438 412 466 507 539
Operating Profit 544 608 562 481 523 548 547 570 810 911 1,077 1,134 1,168
OPM % 63% 65% 63% 61% 61% 62% 62% 61% 65% 69% 70% 69% 68%
0 0 -0 0 6 0 0 0 -0 0 1 3 -0
Interest 58 83 91 100 108 153 175 184 215 261 326 394 419
Depreciation 15 16 17 16 19 19 21 22 26 27 34 37 39
Profit before tax 471 510 454 365 403 375 353 363 570 623 719 706 710
Tax % 25% 25% 25% 26% 26% 26% 26% 26% 26% 25% 26% 26% 26%
351 380 339 271 299 279 262 270 424 465 535 526 528
EPS in Rs 10.90 11.78 10.50 8.40 9.28 8.65 8.11 8.36 13.12 14.39 16.56 16.24 16.30
Raw PDF
Upcoming result date: 20 January 2025

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: 14%
3 Years: 0%
1 Year: 6%
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%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
74.89% 74.87% 74.86% 74.85% 74.85% 74.83% 74.79% 74.77% 74.74% 74.65% 74.58% 74.35%
7.32% 7.10% 7.43% 7.77% 8.75% 9.48% 10.06% 10.33% 10.43% 9.31% 10.45% 11.17%
7.08% 6.75% 6.24% 5.82% 5.06% 5.08% 6.20% 6.35% 7.38% 10.02% 9.06% 8.49%
10.71% 11.28% 11.47% 11.56% 11.35% 10.60% 8.93% 8.55% 7.44% 6.02% 5.88% 6.00%
No. of Shareholders 1,86,8751,93,2951,91,5091,76,5741,72,7881,65,9231,38,5631,30,7341,25,3071,29,8651,16,3421,18,829

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls