ICICI Securities Ltd

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

ICICI Securities Ltd

₹ 896 1.70%
21 Mar - close price
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
a) Broking Business [1][2]
ICICI Securities has an established retail franchise supported by its position as a bank brokerage house. They utilize ICICI bank’s ecosystem through 3-in-1 accounts, also onboarding clients digitally. They are among the leading players in the retail segment with over 95 lakh clients as of H1FY25, managed through a network of ~172 branches. The company is among the leading brokerage houses with 4% market share of NSE active clients as of September 2024.

Website BSE NSE
  • Market Cap ₹ 29,149 Cr.
  • Current Price ₹ 896
  • High / Low ₹ 922 / 672
  • Stock P/E 13.9
  • Book Value ₹ 137
  • Dividend Yield 3.24 %
  • ROCE 19.7 %
  • ROE 50.1 %
  • Face Value ₹ 5.00
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Pros

  • Stock is providing a good dividend yield of 3.24%.
  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 51.4%
  • Company has been maintaining a healthy dividend payout of 55.4%
  • Company's median sales growth is 24.8% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
942 892 794 858 879 885 934 1,249 1,323 1,543 1,641 1,707 1,586
333 329 311 335 330 337 363 439 412 464 506 539 417
Operating Profit 608 563 483 523 549 548 571 810 911 1,079 1,135 1,168 1,169
OPM % 65% 63% 61% 61% 62% 62% 61% 65% 69% 70% 69% 68% 74%
0 1 1 7 1 0 0 -0 1 1 3 0 -0
Interest 83 91 100 108 153 175 185 215 261 327 394 419 454
Depreciation 16 17 16 19 19 21 22 26 27 34 37 39 39
Profit before tax 510 455 367 404 377 353 364 569 624 720 708 711 676
Tax % 25% 25% 25% 26% 26% 26% 26% 26% 25% 25% 26% 26% 25%
380 340 274 300 281 263 271 424 466 537 527 529 504
EPS in Rs 11.79 10.55 8.48 9.31 8.70 8.14 8.39 13.11 14.41 16.59 16.28 16.33 15.52
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
706 812 1,210 1,125 1,403 1,861 1,725 1,721 2,586 3,435 3,422 5,049 6,476
553 634 711 707 838 942 912 823 993 1,250 1,313 1,678 1,926
Operating Profit 153 178 499 417 566 919 813 898 1,593 2,185 2,109 3,372 4,551
OPM % 22% 22% 41% 37% 40% 49% 47% 52% 62% 64% 62% 67% 70%
0 -0 -2 -1 1 -2 1 3 -1 4 4 2 5
Interest 31 25 31 26 29 50 42 86 107 274 536 987 1,593
Depreciation 14 13 16 16 15 15 15 61 54 63 75 109 148
Profit before tax 109 140 450 374 522 852 757 753 1,431 1,853 1,501 2,278 2,815
Tax % 34% 36% 35% 36% 35% 35% 35% 28% 25% 25% 26% 26%
72 89 294 239 339 553 491 542 1,068 1,383 1,118 1,697 2,097
EPS in Rs 0.89 1.11 3.65 2.96 4.20 17.18 15.24 16.83 33.14 42.84 34.61 52.46 64.72
Dividend Payout % 42% 45% 55% 67% 61% 32% 62% 65% 65% 56% 55% 55%
Compounded Sales Growth
10 Years: 20%
5 Years: 24%
3 Years: 25%
TTM: 48%
Compounded Profit Growth
10 Years: 34%
5 Years: 28%
3 Years: 17%
TTM: 47%
Stock Price CAGR
10 Years: %
5 Years: 27%
3 Years: 13%
1 Year: 23%
Return on Equity
10 Years: 57%
5 Years: 54%
3 Years: 51%
Last Year: 50%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 51 88 191 237 329 687 886 1,048 1,661 2,269 2,691 3,761 4,303
270 317 227 173 395 677 452 1,657 3,630 7,846 9,408 16,887 22,262
359 1,006 784 826 1,162 1,349 3,165 1,576 2,729 3,370 3,308 4,814 4,967
Total Liabilities 840 1,573 1,363 1,397 2,047 2,874 4,665 4,443 8,181 13,646 15,569 25,623 31,694
33 35 35 35 35 38 44 198 161 184 258 540 631
CWIP 3 2 4 2 3 4 4 8 8 14 31 19 19
Investments 3 100 1 1 2 4 3 2 3 11 8 19 23
802 1,436 1,323 1,358 2,008 2,828 4,614 4,234 8,009 13,438 15,272 25,045 31,021
Total Assets 840 1,573 1,363 1,397 2,047 2,874 4,665 4,443 8,181 13,646 15,569 25,623 31,694

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
165 71 2,289 -1,878 -1,610 -2,597 -674 -5,621
-17 -21 -21 -23 -40 -69 -125 -257
-54 6 -561 559 1,417 3,130 266 5,715
Net Cash Flow 94 56 1,707 -1,342 -233 464 -533 -163

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 83 69
Inventory Days
Days Payable
Cash Conversion Cycle 50 242 52 95 185 61 101 19 65 41 83 69
Working Capital Days -64 -135 -125 -73 -51 -152 -461 -81 -220 -260 -137 -178
ROCE % 31% 84% 70% 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

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