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 2025
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 / 777
  • Stock P/E 16.2
  • Book Value ₹ 166
  • Dividend Yield 3.24 %
  • ROCE 18.3 %
  • ROE 42.0 %
  • Face Value ₹ 5.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 44.8%
  • Company has been maintaining a healthy dividend payout of 46.8%
  • Debtor days have improved from 63.8 to 39.6 days.
  • Company's median sales growth is 25.0% of last 10 years

Cons

* 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

Financial Services Financial Services Capital Markets Stockbroking & Allied

Part of Nifty500 LargeMidSmall Equal-Cap Weighted

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
794 858 879 885 934 1,249 1,322 1,543 1,640 1,706 1,586 1,398 1,409
313 335 331 337 364 438 412 466 507 539 418 413 441
Operating Profit 481 523 548 547 570 810 911 1,077 1,134 1,168 1,168 985 968
OPM % 61% 61% 62% 62% 61% 65% 69% 70% 69% 68% 74% 70% 69%
0 6 0 0 0 -0 0 1 3 -0 0 0 2
Interest 100 108 153 175 184 215 261 326 394 419 453 433 406
Depreciation 16 19 19 21 22 26 27 34 37 39 39 43 40
Profit before tax 365 403 375 353 363 570 623 719 706 710 675 510 524
Tax % 26% 26% 26% 26% 26% 26% 25% 26% 26% 26% 25% 25% 26%
271 299 279 262 270 424 465 535 526 528 503 381 390
EPS in Rs 8.40 9.28 8.65 8.11 8.36 13.12 14.39 16.55 16.25 16.30 15.48 11.71 11.98
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
812 1,209 1,124 1,404 1,858 1,725 1,720 2,585 3,435 3,421 5,048 6,333 6,099
650 761 710 839 944 913 826 993 1,251 1,316 1,680 1,862 1,811
Operating Profit 162 448 414 565 914 812 894 1,592 2,183 2,105 3,368 4,471 4,288
OPM % 20% 37% 37% 40% 49% 47% 52% 62% 64% 62% 67% 71% 70%
-0 -2 -1 -0 -2 0 1 -1 2 1 2 -14 2
Interest 24 31 25 28 49 42 86 107 273 536 986 1,698 1,710
Depreciation 13 16 16 15 15 15 61 54 63 75 109 157 160
Profit before tax 124 400 371 521 848 755 748 1,431 1,850 1,495 2,275 2,602 2,419
Tax % 41% 39% 36% 35% 35% 36% 28% 25% 25% 26% 26% 26%
73 244 236 338 549 487 537 1,068 1,380 1,112 1,694 1,938 1,802
EPS in Rs 0.91 3.03 2.93 4.19 17.05 15.12 16.66 33.13 42.75 34.43 52.39 59.61 55.47
Dividend Payout % 55% 66% 68% 61% 138% 62% 66% 65% 56% 55% 55% 30%
Compounded Sales Growth
10 Years: 18%
5 Years: 30%
3 Years: 23%
TTM: 6%
Compounded Profit Growth
10 Years: 23%
5 Years: 29%
3 Years: 12%
TTM: -8%
Stock Price CAGR
10 Years: %
5 Years: 13%
3 Years: 23%
1 Year: 14%
Return on Equity
10 Years: 53%
5 Years: 51%
3 Years: 45%
Last Year: 42%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 161 161 161 161 161 161 161 161 161 161 162 121
Reserves 138 191 233 324 678 873 1,030 1,643 2,248 2,664 3,731 5,268
317 227 173 395 677 452 1,657 3,630 7,846 9,408 16,887 21,083
1,004 782 825 1,160 1,349 3,160 1,570 2,722 3,363 3,303 4,808 3,538
Total Liabilities 1,620 1,361 1,392 2,040 2,865 4,646 4,418 8,156 13,618 15,536 25,588 30,010
35 35 35 35 38 44 198 161 184 258 529 663
CWIP 2 4 2 3 4 4 8 8 14 31 30 17
Investments 161 13 13 14 16 15 15 481 266 21 420 335
1,424 1,309 1,341 1,988 2,806 4,584 4,198 7,506 13,154 15,227 24,609 28,996
Total Assets 1,620 1,361 1,392 2,040 2,865 4,646 4,418 8,156 13,618 15,536 25,588 30,010

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
162 66 2,289 -1,862 -1,611 -2,600 -676 -5,623 -1,781
-17 -21 -21 -23 -40 -69 -125 -257 -208
-54 6 -561 545 1,417 3,130 266 5,715 1,972
Net Cash Flow 91 51 1,707 -1,339 -234 461 -535 -165 -17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 242 52 95 185 61 101 19 65 41 82 69 40
Inventory Days
Days Payable
Cash Conversion Cycle 242 52 95 185 61 101 19 65 41 82 69 40
Working Capital Days -277 -194 -130 -154 -171 -554 -398 -285 -285 -137 -244 -135
ROCE % 25% 72% 69% 76% 75% 53% 38% 37% 27% 18% 20% 18%

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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