Time period given by analyst is one year when ICICI Securities Ltd. price can reach defined target.
ICICI Securities Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 23903.49 Crore) operating in Financial Services sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 747.70 Crore, up 1.13 % from last quarter Total Income of Rs 739.34 Crore and up 36.84 % from last year same quarter Total Income of Rs 546.40 Crore. Company reported net profit after tax of Rs 310.72 Crore in latest quarter.
Investment Rationale
ISEC is a play on the increasing financialization of savings and increasing interest of retail clients in the equity markets. Over the past couple of years, ISEC has re-aligned its business model to leverage the technology platform. It also undertook several customer-centricinitiatives to improve customer sourcing and activation which has started yielding results. Despite increased competition from the discount brokers aggressively sourcing customers, ISEC has continued to maintain a respectable market share and with growth levers in place, the brokerage expects the company to improve its market share over the long term. It also believes that ISEC is eligible to trade at premium valuation vs its peers given its superior ROE profile, strong parentage, and competent management team.
Promoter/FII Holdings
Promoters held 74.9 per cent stake in the company as of June 30, 2021, while FIIs held 5.7 per cent, DIIs 3.9 per cent and public and others 15.5 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
