ICICI Securities Ltd
ICICI Securities Limited is engaged in the business of broking (institutional and retail), distribution of financial products, merchant banking and advisory services. [1]
- Market Cap ₹ 15,806 Cr.
- Current Price ₹ 490
- High / Low ₹ 748 / 408
- Stock P/E 13.2
- Book Value ₹ 80.8
- Dividend Yield 4.90 %
- ROCE 27.0 %
- ROE 65.0 %
- Face Value ₹ 5.00
Pros
- Stock is providing a good dividend yield of 4.90%.
- Company has delivered good profit growth of 32.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 62.7%
- Company has been maintaining a healthy dividend payout of 62.1%
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: Finance Industry: Finance & Investments
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
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706 | 812 | 1,210 | 1,125 | 1,403 | 1,861 | 1,725 | 1,721 | 2,586 | 3,435 | 3,423 | |
553 | 634 | 711 | 707 | 838 | 942 | 912 | 823 | 993 | 1,250 | 1,305 | |
Operating Profit | 153 | 178 | 499 | 417 | 566 | 919 | 813 | 898 | 1,593 | 2,185 | 2,118 |
OPM % | 22% | 22% | 41% | 37% | 40% | 49% | 47% | 52% | 62% | 64% | 62% |
0 | -0 | -2 | -1 | 1 | -2 | 1 | 3 | -1 | 4 | 10 | |
Interest | 31 | 25 | 31 | 26 | 29 | 50 | 42 | 86 | 107 | 274 | 453 |
Depreciation | 14 | 13 | 16 | 16 | 15 | 15 | 15 | 61 | 54 | 63 | 72 |
Profit before tax | 109 | 140 | 450 | 374 | 522 | 852 | 757 | 753 | 1,431 | 1,853 | 1,603 |
Tax % | 34% | 36% | 35% | 36% | 35% | 35% | 35% | 28% | 25% | 25% | |
Net Profit | 72 | 89 | 294 | 239 | 339 | 553 | 491 | 542 | 1,068 | 1,383 | 1,195 |
EPS in Rs | 0.89 | 1.11 | 3.65 | 2.96 | 4.20 | 17.18 | 15.23 | 16.82 | 33.14 | 42.85 | 37.04 |
Dividend Payout % | 42% | 45% | 55% | 67% | 61% | 32% | 62% | 65% | 65% | 56% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 26% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 32% |
3 Years: | 41% |
TTM: | -13% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 2% |
1 Year: | -33% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 63% |
3 Years: | 63% |
Last Year: | 65% |
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 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|
211 | 161 | 161 | 161 | 161 | 161 | 161 | 161 | 161 | 161 | 161 | |
Reserves | 51 | 88 | 191 | 237 | 329 | 687 | 886 | 1,048 | 1,661 | 2,269 | 2,447 |
220 | 317 | 227 | 173 | 395 | 677 | 452 | 1,657 | 3,630 | 7,846 | 8,198 | |
409 | 1,006 | 784 | 826 | 1,162 | 1,349 | 3,165 | 1,576 | 2,729 | 3,370 | 3,310 | |
Total Liabilities | 840 | 1,573 | 1,363 | 1,397 | 2,047 | 2,874 | 4,665 | 4,443 | 8,181 | 13,646 | 14,117 |
33 | 35 | 35 | 35 | 35 | 38 | 44 | 198 | 161 | 184 | 205 | |
CWIP | 3 | 2 | 4 | 2 | 3 | 4 | 4 | 8 | 8 | 14 | 9 |
Investments | 3 | 100 | 1 | 1 | 2 | 4 | 3 | 2 | 3 | 11 | 10 |
802 | 1,436 | 1,323 | 1,358 | 2,008 | 2,828 | 4,614 | 4,234 | 8,009 | 13,438 | 13,893 | |
Total Assets | 840 | 1,573 | 1,363 | 1,397 | 2,047 | 2,874 | 4,665 | 4,443 | 8,181 | 13,646 | 14,117 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
165 | 71 | 2,289 | -1,878 | -1,610 | -2,597 | |||||
-17 | -21 | -21 | -23 | -40 | -69 | |||||
-54 | 6 | -561 | 559 | 1,417 | 3,130 | |||||
Net Cash Flow | 94 | 56 | 1,707 | -1,342 | -233 | 464 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 50 | 242 | 52 | 95 | 185 | 61 | 101 | 19 | 65 | 41 |
Inventory Days | ||||||||||
Days Payable | ||||||||||
Cash Conversion Cycle | 50 | 242 | 52 | 95 | 185 | 61 | 101 | 19 | 65 | 41 |
Working Capital Days | -64 | -135 | -125 | -73 | -51 | -152 | -461 | -81 | -220 | -260 |
ROCE % | 31% | 84% | 70% | 76% | 75% | 53% | 38% | 37% | 27% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
27 Jan - Letters dated January 17, 2023 and January 19, 2023. The Company had hosted an Earnings call with investors and analysts on Thursday, January 19, 2023 …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
20 Jan - Read with Part A of Schedule III and Regulation 33 of SEBI (LODR) Regulations, 2015, we forward herewith the copies of today's newspapers ('Business Standard', …
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Announcement under Regulation 30 (LODR)-Investor Presentation
19 Jan - Letter dated January 17, 2023 regarding the earnings call scheduled to be held on January 19, 2023. Please find enclosed herewith the investor presentation for …
- Board Meeting Outcome for Outcome Of The Board Meeting Held On January 19, 2023 19 Jan
- Outcome Of The Board Meeting Held On January 19, 2023 19 Jan
Annual reports
Concalls
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Jan 2023Transcript PPT
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Oct 2022TranscriptPPT
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Oct 2018Transcript PPT
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Jul 2018Transcript PPT
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Apr 2018Transcript PPT
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]