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
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
  • Market Cap ₹ 29,149 Cr.
  • Current Price ₹ 896
  • High / Low ₹ /
  • Stock P/E 17.0
  • Book Value ₹ 194
  • Dividend Yield 0.00 %
  • ROCE 13.8 %
  • ROE 29.2 %
  • Face Value ₹ 5.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 38.5%
  • Company has been maintaining a healthy dividend payout of 41.6%
  • Debtor days have improved from 47.5 to 33.6 days.
  • Company's median sales growth is 25.1% 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

Financial Services Financial Services Capital Markets Stockbroking & Allied

Part of Nifty500 LargeMidSmall Equal-Cap Weighted

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
885 934 1,249 1,323 1,543 1,641 1,707 1,586 1,398 1,409 1,422 1,555 1,503
337 363 439 412 464 506 539 417 412 440 405 432 438
Operating Profit 548 571 810 911 1,079 1,135 1,168 1,169 986 969 1,017 1,123 1,065
OPM % 62% 61% 65% 69% 70% 69% 68% 74% 71% 69% 72% 72% 71%
0 0 -0 1 1 3 0 -0 -1 2 1 1 1
Interest 175 185 215 261 327 394 419 454 433 406 406 448 463
Depreciation 21 22 26 27 34 37 39 39 43 40 41 40 40
Profit before tax 353 364 569 624 720 708 711 676 510 526 572 637 564
Tax % 26% 26% 26% 25% 25% 26% 26% 25% 25% 26% 26% 25% 25%
263 271 424 466 537 527 529 504 381 391 425 475 422
EPS in Rs 8.14 8.39 13.11 14.41 16.59 16.28 16.33 15.52 11.72 12.03 13.07 14.59 12.99
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,210 1,125 1,403 1,861 1,725 1,721 2,586 3,435 3,422 5,049 6,335 5,890
711 707 838 942 912 823 993 1,250 1,313 1,678 1,860 1,715
Operating Profit 499 417 566 919 813 898 1,593 2,185 2,109 3,372 4,475 4,174
OPM % 41% 37% 40% 49% 47% 52% 62% 64% 62% 67% 71% 71%
-2 -1 1 -2 1 3 -1 4 4 2 -14 6
Interest 31 26 29 50 42 86 107 274 536 987 1,699 1,723
Depreciation 16 16 15 15 15 61 54 63 75 109 157 160
Profit before tax 450 374 522 852 757 753 1,431 1,853 1,501 2,278 2,605 2,297
Tax % 35% 36% 35% 35% 35% 28% 25% 25% 26% 26% 25% 25%
294 239 339 553 491 542 1,068 1,383 1,118 1,697 1,941 1,713
EPS in Rs 3.65 2.96 4.20 17.18 15.24 16.83 33.14 42.84 34.61 52.46 59.70 52.68
Dividend Payout % 55% 67% 61% 32% 62% 65% 65% 56% 55% 55% 30% 40%
Compounded Sales Growth
10 Years: 18%
5 Years: 18%
3 Years: 20%
TTM: -7%
Compounded Profit Growth
10 Years: 22%
5 Years: 10%
3 Years: 15%
TTM: -12%
Stock Price CAGR
10 Years: %
5 Years: 13%
3 Years: 24%
1 Year: 0%
Return on Equity
10 Years: 46%
5 Years: 42%
3 Years: 39%
Last Year: 29%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 161 161 161 161 161 161 161 161 161 162 121 121
Reserves 191 237 329 687 886 1,048 1,661 2,269 2,691 3,761 5,301 6,174
227 173 395 677 452 1,657 3,630 7,846 9,408 16,887 21,083 25,258
784 826 1,162 1,349 3,165 1,576 2,729 3,370 3,308 4,814 3,543 3,828
Total Liabilities 1,363 1,397 2,047 2,874 4,665 4,443 8,181 13,646 15,569 25,623 30,048 35,380
35 35 35 38 44 198 161 184 258 529 663 697
CWIP 4 2 3 4 4 8 8 14 31 30 17 12
Investments 1 1 2 4 3 2 469 254 924 406 321 65
1,323 1,358 2,008 2,828 4,614 4,234 7,543 13,195 14,356 24,658 29,048 34,606
Total Assets 1,363 1,397 2,047 2,874 4,665 4,443 8,181 13,646 15,569 25,623 30,048 35,380

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
165 71 2,289 -1,878 -1,610 -2,597 -674 -5,621 -1,779 -1,459
-17 -21 -21 -23 -40 -69 -125 -257 -208 -180
-54 6 -561 559 1,417 3,130 266 5,715 1,972 1,607
Net Cash Flow 94 56 1,707 -1,342 -233 464 -533 -163 -15 -32
Free Cash Flow 150 49 2,268 -1,901 -1,650 -2,661 -799 -5,878 -1,987 -1,639
CFO/OP 64% 43% 315% -186% -80% -98% -14% -152% -25% -21%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 52 95 185 61 101 19 65 41 83 69 40 34
Inventory Days
Days Payable
Cash Conversion Cycle 52 95 185 61 101 19 65 41 83 69 40 34
Working Capital Days -194 -73 -154 -284 -555 -399 -285 -286 -235 -244 -135 -109
ROCE % 84% 70% 76% 75% 53% 38% 37% 27% 18% 20% 18% 14%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Jun 2025
Operational Accounts
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NSE Active Client Market Share
Percentage
NSE Active Clients
Millions
Number of Branches
Count
MTF Book Size
INR Billions
Total Client Assets
INR Billions
Wealth Client Assets
INR Billions

Extracted by Screener AI

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.

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