ICICI Securities

₹738.4 14.6 | 2%

WEBSITE BSE:541179 NSE : ISEC 13 May, 15:59

Market Cap ₹23888 Cr.

Stock P/E 14.1

P/B 6.1

Current Price ₹738.4

Book Value ₹ 121.2

Face Value 5

52W High ₹865.1

Dividend Yield 3.93%

52W Low ₹ 485

Edit Ratio

ICICI Securities Research see more...

Overview Inc. Year: 1995Industry: Finance - Stock Broking

ICICI Securities Ltd is an India-based company. The Company offers various monetary offerings along with brokerage, financial product distribution and investment banking and focuses on both retail and institutional clients. The Company's segments include: Broking and commission includes its equity, forex and derivative brokerage offerings, the distribution of third-party products, studies, and prices from monetary making plans/education; Advisory services, which consists of equity capital markets offerings and monetary advisory services that cater to corporate customers, the government and economic sponsors; Investment and trading, which consists of treasury and proprietary trading activities.

ICICI Securities Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

ICICI Securities Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Operating Revenue	942	892	794	858	879	885	934	1249	1323	1543
Other Income	0	1	1	7	1	0	0	-0	1	1
Total Income	942	892	795	866	880	885	934	1249	1323	1544
Total Expenditure	333	329	311	335	330	337	363	439	412	464
Operating Profit	609	564	484	531	550	548	571	810	912	1080
Interest Expense	83	91	100	108	153	175	185	215	261	327
Depreciation	16	17	16	19	19	21	22	26	27	34
Profit Before Tax	510	455	367	404	377	353	364	569	624	720
Provision for Tax	129	115	93	103	96	91	94	146	158	183
Profit After Tax	380	340	274	300	281	263	271	424	466	537
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	380	340	274	300	281	263	271	424	466	537
Adjusted Earnings Per Share	11.8	10.5	8.5	9.3	8.7	8.1	8.4	13.1	14.4	16.6

ICICI Securities Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	812	1210	1125	1404	1861	1706	1703	2586	3435	3416	5049
Other Income	0	0	0	0	0	23	22	4	11	10	2
Total Income	812	1210	1125	1404	1861	1728	1724	2590	3446	3425	5050
Total Expenditure	632	712	709	838	944	914	824	998	1257	1313	1678
Operating Profit	180	497	416	566	917	815	901	1592	2189	2112	3373
Interest Expense	25	31	26	29	50	42	86	107	274	536	988
Depreciation	13	16	16	15	15	15	61	54	63	75	109
Profit Before Tax	142	450	374	522	852	757	753	1431	1853	1501	2277
Provision for Tax	51	156	135	183	299	267	211	363	470	383	581
Profit After Tax	91	294	239	339	553	491	542	1068	1383	1118	1698
Adjustments	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	91	294	239	339	553	491	542	1068	1383	1118	1698
Adjusted Earnings Per Share	2.7	9.1	7.4	10.5	17.2	15.2	16.8	33.1	42.8	34.6	52.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-1%	26%	13%	0%
Operating Profit CAGR	-4%	33%	18%	0%
PAT CAGR	-19%	27%	15%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	49%	14%	28%	NA%
ROE Average	43%	60%	56%	65%
ROCE Average	18%	28%	35%	51%

ICICI Securities Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	249	352	398	490	848	1047	1210	1822	2431	2853
Minority's Interest	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0
Current Liability	1267	942	910	1441	1983	3551	3150	6298	11201	12699
Other Liabilities & Provisions	25	30	39	1008	1240	1257	1757	1721	2509	2895
Total Liabilities	1541	1324	1347	2939	4072	5855	6117	9842	16140	18446
Loans	0	0	0	0	0	0	0	0	0	0
Investments	0	1	1	2	4	3	2	3	11	8
Fixed Assets	35	35	35	35	38	44	198	161	184	258
Other Loans	145	114	129	1085	1397	1428	1918	1859	2703	3096
Other Non Current Assets	14	20	30	84	4	4	8	8	14	31
Current Assets	1348	1154	1151	1733	2629	4377	3990	7811	13228	15054
Total Assets	1541	1324	1347	2939	4072	5855	6117	9842	16140	18446

ICICI Securities Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	30	104	82	26	121	177	1884	542	309	774
Cash Flow from Operating Activities	192	221	232	165	71	2289	-1878	-1610	-2597	-674
Cash Flow from Investing Activities	-115	89	-17	-17	-21	-21	-23	-40	-69	-125
Cash Flow from Financing Activities	-4	-331	-271	-54	6	-561	559	1417	3130	266
Net Cash Inflow / Outflow	74	-21	-56	94	56	1707	-1342	-233	464	-533
Closing Cash & Cash Equivalent	104	82	26	121	177	1884	542	309	774	241

ICICI Securities Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.67	9.12	7.41	10.51	17.18	15.23	16.83	33.14	42.85	34.62
CEPS(Rs)	3.24	9.63	7.91	10.99	17.66	15.7	18.73	34.82	44.79	36.94
DPS(Rs)	1.24	5	5	6.36	9.4	9.4	11	21.5	24	19
Book NAV/Share(Rs)	7.74	10.94	12.36	15.2	26.32	32.5	37.37	56.01	74.48	86.85
Net Profit Margin	11.18	24.3	21.23	24.11	29.74	28.77	31.83	41.29	40.25	32.72
Operating Margin	20.54	39.75	35.56	39.24	48.46	46.88	49.3	59.47	61.91	59.65
PBT Margin	17.5	37.18	33.27	37.18	45.8	44.4	44.22	55.32	53.94	43.95
ROA(%)	7.83	20.51	17.88	15.8	15.79	9.89	9.05	13.38	10.64	6.46
ROE(%)	54.94	97.68	63.62	76.28	82.77	51.8	48.16	70.98	65.71	42.93
ROCE(%)	29.61	83.95	69.56	75.68	74.85	52.88	39.89	38.19	27.4	18.25
Price/Earnings(x)	0	0	0	0	0	15.92	16.47	11.51	14.51	12.35
Price/Book(x)	0	0	0	0	0	7.46	7.42	6.81	8.35	4.92
Dividend Yield(%)	0	0	0	0	0	3.88	3.97	5.63	3.86	4.44
EV/Net Sales(x)	-0.15	-0.38	-0.27	-0.23	-0.38	3	4.71	4.62	6.46	4.78
EV/Core EBITDA(x)	-0.66	-0.94	-0.73	-0.58	-0.77	6.28	8.9	7.5	10.14	7.72
Interest Earned Growth(%)	55.29	48.91	-7.02	24.87	32.53	-8.35	-0.18	51.89	32.82	-0.56
Net Profit Growth	749.44	223.54	-18.77	41.84	63.46	-11.34	10.45	97	29.49	-19.16
EPS Growth(%)	304.5	242.11	-18.77	41.84	63.46	-11.34	10.45	96.95	29.31	-19.21
Interest Coverage(x) %	6.76	15.46	15.48	19.04	18.22	18.88	9.72	14.34	7.77	3.8

ICICI Securities Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.89	74.89	74.87	74.86	74.85	74.85	74.83	74.79	74.77	74.73
FII	6.58	7.32	7.1	7.43	7.76	8.75	9.48	10.06	10.33	10.43
DII	7.79	7.08	6.75	6.24	5.81	5.06	5.08	6.21	6.35	7.39
Public	10.74	10.71	11.28	11.47	11.57	11.35	10.61	8.94	8.55	7.44
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	24.17	24.17	24.17	24.17	24.17	24.17	24.17	24.17	24.17	24.17
FII	2.12	2.36	2.29	2.4	2.51	2.83	3.06	3.25	3.34	3.37
DII	2.51	2.28	2.18	2.01	1.88	1.63	1.64	2.01	2.05	2.39
Public	3.47	3.46	3.64	3.7	3.73	3.66	3.43	2.89	2.76	2.41
Others	0	0	0	0	0	0	0	0	0	0
Total	32.27	32.27	32.28	32.28	32.28	32.29	32.3	32.31	32.32	32.34

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 60%

Cons

Stock is trading at 6.1 times its book value.

* 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.