Stock ISEC ICICI SECURITIES LIMITED
Add to a list
To use this feature you must be a member
Log inSign up

Financials ICICI Securities Limited

Equities

ISEC

INE763G01038

Investment Banking & Brokerage Services

Market Closed - NSE India S.E.
Other stock markets
 07:42:30 2024-04-30 am EDT 		5-day change 1st Jan Change
756.2 INR -0.45% Intraday chart for ICICI Securities Limited +4.58% +5.33%
Apr. 26 ICICI Securities Limited Receives Order Under Sections 73 of the GST Act, 2017 from the State Goods and Service Tax Department, West Bengal CI
Apr. 18 ICICI Securities Limited Appoints T.K. Srirang as an Additional Director on the Board of Directors, Effect from May 1, 2024 CI

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 77,958 89,056 123,347 200,464 138,204 244,612 - -
Enterprise Value (EV) 1 50,945 73,141 119,764 221,690 164,305 235,288 249,354 237,269
P/E ratio 15.9 x 16.4 x 11.6 x 14.6 x 12.4 x 13.9 x 15.5 x 14.1 x
Yield 3.88% 3.98% 5.62% 3.98% - 4.36% 3.84% 4.34%
Capitalization / Revenue 4.51 x 5.16 x 4.77 x 5.84 x 4.03 x 4.66 x 4.79 x 4.36 x
EV / Revenue 2.95 x 4.24 x 4.63 x 6.45 x 4.8 x 4.66 x 4.88 x 4.23 x
EV / EBITDA 6.25 x 8.09 x 7.52 x 10.1 x 7.81 x 6.97 x 10.5 x 9.24 x
EV / FCF 2.25 x -3.85 x -7.26 x -8.33 x -20.5 x 29.3 x 31.5 x 119 x
FCF Yield 44.5% -26% -13.8% -12% -4.87% 3.41% 3.18% 0.84%
Price to Book 7.45 x 7.36 x 6.77 x 8.25 x 4.84 x 7.78 x 5.8 x 4.81 x
Nbr of stocks (in thousands) 322,141 322,141 322,222 322,679 322,868 323,454 - -
Reference price 2 242.0 276.4 382.8 621.2 428.0 756.2 756.2 756.2
Announcement Date 4/23/19 5/7/20 4/21/21 4/20/22 4/19/23 4/18/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 17,270 17,249 25,862 34,350 34,255 50,511 51,083 56,120
EBITDA 1 8,145 9,043 15,922 21,855 21,028 33,734 23,758 25,679
EBIT 7,572 8,429 15,381 21,229 20,277 32,645 21,331 23,406
Operating Margin 43.85% 48.87% 59.47% 61.8% 59.19% 64.63% 41.76% 41.71%
Earnings before Tax (EBT) 1 7,572 7,529 14,308 18,528 15,011 22,775 21,049 23,198
Net income 1 4,907 5,420 10,677 13,826 11,176 16,967 15,741 17,349
Net margin 28.41% 31.42% 41.29% 40.25% 32.63% 33.59% 30.81% 30.91%
EPS 2 15.23 16.81 33.08 42.69 34.54 52.22 48.76 53.71
Free Cash Flow 1 22,667 -19,017 -16,502 -26,616 -7,999 8,871 7,926 1,997
FCF margin 131.25% -110.25% -63.81% -77.48% -23.35% 18.19% 15.52% 3.56%
FCF Conversion (EBITDA) 278.28% - - - - 37.22% 33.36% 7.78%
FCF Conversion (Net income) 461.9% - - - - 53.71% 50.35% 11.51%
Dividend per Share 2 9.400 11.00 21.50 24.75 - 33.00 29.05 32.85
Announcement Date 4/23/19 5/7/20 4/21/21 4/20/22 4/19/23 4/18/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 6,201 7,393 7,453 8,564 9,416 8,917 7,948 8,585 8,790 8,848 9,344 10,078 12,821 13,527
EBITDA 1 3,970 4,858 4,705 5,436 6,082 - 4,826 5,234 5,488 5,480 5,712 3,992 - -
EBIT 3,832 4,719 4,561 5,288 5,923 5,458 4,662 - - - - - - -
Operating Margin 61.8% 63.82% 61.19% 61.75% 62.9% 61.21% 58.66% - - - - - - -
Earnings before Tax (EBT) 1 3,578 4,413 4,167 4,709 5,098 4,553 3,670 4,036 3,773 3,532 3,644 3,961 5,846 6,264
Net income 1 2,670 3,295 3,107 3,512 3,804 3,403 2,736 3,004 2,810 2,627 2,708 3,137 4,329 4,779
Net margin 43.06% 44.56% 41.69% 41.01% 40.39% 38.16% 34.42% 34.99% 31.96% 29.69% 28.98% 31.13% 33.76% 35.33%
EPS - - 9.620 10.84 11.73 - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 1/25/21 4/21/21 7/20/21 10/19/21 1/18/22 4/20/22 7/21/22 10/20/22 1/19/23 4/19/23 7/21/23 - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 21,226 26,101 15,525 4,743 -
Net Cash position 1 27,013 15,915 3,583 - - - - 7,343
Leverage (Debt/EBITDA) - - - 0.9712 x 1.241 x 0.6513 x 0.1996 x -
Free Cash Flow 1 22,667 -19,017 -16,502 -26,616 -7,999 8,871 7,926 1,997
ROE (net income / shareholders' equity) 51.8% 48% 70.4% 65% 42.3% 52.6% 40.3% 38.6%
ROA (Net income/ Total Assets) 13% 11.9% 16.9% 12.7% 7.65% 10.6% 10.3% 9.95%
Assets 1 37,693 45,537 63,119 109,136 146,074 155,656 153,265 174,286
Book Value Per Share 2 32.50 37.60 56.50 75.30 88.30 97.20 130.0 157.0
Cash Flow per Share 2 25.70 -58.30 -49.90 -80.20 -20.80 44.00 48.50 53.30
Capex 1 - - - 641 1,258 915 1,007 1,107
Capex / Sales - - - 1.87% 3.67% 1.88% 1.97% 1.97%
Announcement Date 4/23/19 5/7/20 4/21/21 4/20/22 4/19/23 4/18/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for ICICI Securities Limited

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
756.2 INR
Average target price
641.7 INR
Spread / Average Target
-15.15%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Investment Banking

1st Jan change Capi.
ICICI SECURITIES LIMITED Stock ICICI Securities Limited
+5.33% 2.93B
BANCO BTG PACTUAL S.A. Stock Banco BTG Pactual S.A.
-11.19% 33.74B
HAITONG SECURITIES CO., LTD. Stock Haitong Securities Co., Ltd.
-10.46% 12.74B
EVERBRIGHT SECURITIES COMPANY LIMITED Stock Everbright Securities Company Limited
+7.39% 9.43B
HOULIHAN LOKEY, INC. Stock Houlihan Lokey, Inc.
+6.20% 8.81B
PIPER SANDLER COMPANIES Stock Piper Sandler Companies
+13.56% 3.49B
MOELIS & COMPANY Stock Moelis & Company
-10.21% 3.45B
MIRAE ASSET SECURITIES CO., LTD. Stock Mirae Asset Securities Co., Ltd.
-0.52% 2.86B
PJT PARTNERS INC. Stock PJT Partners Inc.
-8.18% 2.28B
OKASAN SECURITIES GROUP INC. Stock Okasan Securities Group Inc.
+7.01% 977M
Investment Banking
  1. Stock Market
  2. Equities
  3. ISEC Stock
  4. Financials ICICI Securities Limited