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 17.1
  • Book Value ₹ 192
  • Dividend Yield 0.00 %
  • ROCE 13.8 %
  • ROE 29.3 %
  • Face Value ₹ 5.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 38.7%
  • Company has been maintaining a healthy dividend payout of 41.7%
  • Debtor days have improved from 47.5 to 33.6 days.
  • Company's median sales growth is 25.2% 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

Standalone Figures in Rs. Crores / View Consolidated

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 1,322 1,543 1,640 1,706 1,586 1,398 1,409 1,422 1,554 1,503
337 364 438 412 466 507 539 418 413 441 405 432 440
Operating Profit 547 570 810 911 1,077 1,134 1,168 1,168 985 968 1,017 1,122 1,063
OPM % 62% 61% 65% 69% 70% 69% 68% 74% 70% 69% 72% 72% 71%
0 0 -0 0 1 3 -0 0 0 2 0 1 -0
Interest 175 184 215 261 326 394 419 453 433 406 406 448 463
Depreciation 21 22 26 27 34 37 39 39 43 40 41 40 40
Profit before tax 353 363 570 623 719 706 710 675 510 524 570 635 560
Tax % 26% 26% 26% 25% 26% 26% 26% 25% 25% 26% 26% 26% 25%
262 270 424 465 535 526 528 503 381 390 423 473 419
EPS in Rs 8.11 8.36 13.12 14.39 16.55 16.25 16.30 15.48 11.71 11.98 13.02 14.55 12.87
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,209 1,124 1,404 1,858 1,725 1,720 2,585 3,435 3,421 5,048 6,333 5,888
761 710 839 944 913 826 993 1,251 1,316 1,680 1,862 1,719
Operating Profit 448 414 565 914 812 894 1,592 2,183 2,105 3,368 4,471 4,170
OPM % 37% 37% 40% 49% 47% 52% 62% 64% 62% 67% 71% 71%
-2 -1 -0 -2 0 1 -1 2 1 2 -14 3
Interest 31 25 28 49 42 86 107 273 536 986 1,698 1,723
Depreciation 16 16 15 15 15 61 54 63 75 109 157 160
Profit before tax 400 371 521 848 755 748 1,431 1,850 1,495 2,275 2,602 2,289
Tax % 39% 36% 35% 35% 36% 28% 25% 25% 26% 26% 26% 26%
244 236 338 549 487 537 1,068 1,380 1,112 1,694 1,938 1,705
EPS in Rs 3.03 2.93 4.19 17.05 15.12 16.66 33.13 42.75 34.43 52.39 59.61 52.42
Dividend Payout % 66% 68% 61% 138% 62% 66% 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: -13%
Stock Price CAGR
10 Years: %
5 Years: 13%
3 Years: 24%
1 Year: 0%
Return on Equity
10 Years: 47%
5 Years: 42%
3 Years: 39%
Last Year: 29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 191 233 324 678 873 1,030 1,643 2,248 2,664 3,731 5,268 6,132
227 173 395 677 452 1,657 3,630 7,846 9,408 16,887 21,083 25,258
782 825 1,160 1,349 3,160 1,570 2,722 3,363 3,303 4,808 3,538 3,819
Total Liabilities 1,361 1,392 2,040 2,865 4,646 4,418 8,156 13,618 15,536 25,588 30,010 35,330
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 13 13 14 16 15 15 481 266 21 420 335 79
1,309 1,341 1,988 2,806 4,584 4,198 7,506 13,154 15,227 24,609 28,996 34,542
Total Assets 1,361 1,392 2,040 2,865 4,646 4,418 8,156 13,618 15,536 25,588 30,010 35,330

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
162 66 2,289 -1,862 -1,611 -2,600 -676 -5,623 -1,781 -1,456
-17 -21 -21 -23 -40 -69 -125 -257 -208 -180
-54 6 -561 545 1,417 3,130 266 5,715 1,972 1,607
Net Cash Flow 91 51 1,707 -1,339 -234 461 -535 -165 -17 -30
Free Cash Flow 147 44 2,268 -1,884 -1,651 -2,664 -801 -5,880 -1,989 -1,637
CFO/OP 64% 42% 316% -185% -80% -98% -14% -152% -25% -21%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 82 69 40 34
Inventory Days
Days Payable
Cash Conversion Cycle 52 95 185 61 101 19 65 41 82 69 40 34
Working Capital Days -194 -130 -154 -171 -554 -398 -285 -285 -137 -244 -135 -109
ROCE % 72% 69% 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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