ICICI Securities Ltd
NSE:ISEC

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ICICI Securities Ltd Logo
ICICI Securities Ltd
NSE:ISEC
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Price: 842.65 INR 0.09% Market Closed
Market Cap: 273.9B INR
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Intrinsic Value

The intrinsic value of one ISEC stock under the Base Case scenario is 705.02 INR. Compared to the current market price of 842.65 INR, ICICI Securities Ltd is Overvalued by 16%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

ISEC Intrinsic Value
705.02 INR
Overvaluation 16%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

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ICICI Securities Ltd

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Notes
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trend over the past five years for ICICI Securities Ltd.

Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
ICICI Securities Ltd

Current Assets 138.9B
Cash & Short-Term Investments 135.8B
Receivables 3.1B
Non-Current Assets 178B
Long-Term Investments 12.4B
PP&E 5.6B
Intangibles 926.9m
Other Non-Current Assets 159.1B
Current Liabilities 237.9B
Accounts Payable 16.2B
Short-Term Debt 220.3B
Other Current Liabilities 1.4B
Non-Current Liabilities 34.3B
Long-Term Debt 2.2B
Other Non-Current Liabilities 32.1B
Efficiency

Earnings Waterfall
ICICI Securities Ltd

Revenue
61.1B INR
Cost of Revenue
-2.6B INR
Gross Profit
58.5B INR
Operating Expenses
-17.9B INR
Operating Income
40.6B INR
Other Expenses
-20B INR
Net Income
20.6B INR

Free Cash Flow Analysis
ICICI Securities Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

Amid a thriving industry, the company saw a significant 50% growth in client acquisition and primary market mobilization due to positive market sentiment. Revenue soared by 44% YoY and 34% sequentially to INR 12.5 billion, while profit after tax increased 41% YoY and 56% sequentially to INR 424 crores. The firm has rewarded shareholders with an interim dividend of INR 12 per share. However, cost to net income ratio sits at 42%, reflective of strategic investments in technology and wealth management. The executive voiced caution looking forward, citing geopolitical concerns and potential for subdued activity. Despite this, the company has sustained its competitive edge through innovative product propositions and improving market share despite rising competition from discount brokers.

What is Earnings Call?
Fundamental Scores

ISEC Profitability Score
Profitability Due Diligence

ICICI Securities Ltd's profitability score is 69/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Year Average ROE
Positive Gross Profit
Positive Operating Income
Exceptional ROE
69/100
Profitability
Score

ICICI Securities Ltd's profitability score is 69/100. The higher the profitability score, the more profitable the company is.

ISEC Solvency Score
Solvency Due Diligence

ICICI Securities Ltd's solvency score is 28/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Positive Net Debt
Short-Term Solvency
Low Altman Z-Score
28/100
Solvency
Score

ICICI Securities Ltd's solvency score is 28/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

ISEC Price Targets Summary
ICICI Securities Ltd

Wall Street analysts forecast ISEC stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for ISEC is 714 INR with a low forecast of 707 INR and a high forecast of 735 INR.

Lowest
Price Target
707 INR
16% Downside
Average
Price Target
714 INR
15% Downside
Highest
Price Target
735 INR
13% Downside
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Dividends

Dividend Yield
Lowest
Average
Highest
Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
Very
Unsafe
Unsafe
Safe
Very
Safe
0
25
50
75
100
Shareholder Yield

Current shareholder yield for ISEC is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
Lowest
Average
Highest
Buyback Yield
Lowest
Average
Highest
Debt Paydown Yield
Lowest
Average
Highest

Ownership

ISEC Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Profile

ICICI Securities Ltd Logo
ICICI Securities Ltd

Country

India

Industry

Financial Services

Market Cap

273B INR

Dividend Yield

2.02%

Description

ICICI Securities Ltd. provides investment banking, institutional broking, retail broking and wealth management services. The company is headquartered in Mumbai, Maharashtra and currently employs 4,094 full-time employees. The company went IPO on 2018-04-04. The firm offers a range of services, including retail and institutional broking, financial products distribution, private wealth management, and issuer and advisory services. The Company’s segments include Treasury, Broking & distribution and Issuer services & advisory. Its Treasury segment includes income from treasury and investment. Its Broking & distribution segment includes broking and other related activities; distribution of third party products, such as mutual fund, life insurance and others, and sales credit for referred business and interest earned on its funds used in brokerage business. Its Issuer services & advisory segment includes financial advisory services, such as equity-debt issue management services, merger and acquisition advice and other related activities. The firm's subsidiaries include ICICI Securities, Inc. and ICICI Securities Holdings, Inc.

Contact

MAHARASHTRA
Mumbai
ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi
+912222882460
www.icicisecurities.com

IPO

2018-04-04

Employees

4 094

Officers

CFO & Head of Operations
Mr. Harvinder Jaspal
Head of Treasury & CIO
Mr. Piyush Garg
Chief Technology & Digital Officer
Mr. Ragunathan Balaji
Senior VP, Company Secretary & Compliance Officer
Mr. Raju Nanikram Nanwani
Chief Compliance Officer & Head of Legal
Rachana Bhusari
Head of Retail Products & Marketing
Mr. Ketan Karkhanis
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Head of Human Resources
Ms. Nidhi Kajaria
Head of Equities
Mr. Jaideep Goswami BE, MBA, PGDM
Chief Risk Officer
Mr. Ripujit Chaudhuri
Head of Institutional Research
Mr. Manoj Menon
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See Also

Discover More
What is the Intrinsic Value of one ISEC stock?

The intrinsic value of one ISEC stock under the Base Case scenario is 705.02 INR.

Is ISEC stock undervalued or overvalued?

Compared to the current market price of 842.65 INR, ICICI Securities Ltd is Overvalued by 16%.

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