ICICI Securities Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 14377.56 Crore) operating in Financial Services sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 619.97 Crore, down -8.89 % from last quarter Total Income of Rs 680.46 Crore and up 46.68 % from last year same quarter Total Income of Rs 422.67 Crore. Company reported net profit after tax of Rs 267.02 Crore in latest quarter.
Investment Rationale
Changes in ISEC’s product and sourcing strategy have yielded results over the past year. The ‘NEO’ plan has helped counter competition from discount brokers as well as some traditional brokers who offer discount plans. After a few turbulent years, the Distribution business has stabilized. The impact of regulations on margin, coupled with overall trends in industry volumes, would be key to watch out for in FY22E.
Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of March 30, 2021, while FIIs held 3.7 per cent, DIIs 9 per cent and public and others 12.2 per cent.
