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 24514.75 Crore) operating in Financial Services sector.
ICICI Securities Ltd. key Products/Revenue Segments include Income From Brokerage & Commission, Other Services, Interest, Income From Sale Of Share & Securities, Dividend for the year ending 31-Mar-2021.
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
Post the implementation of 100% margin norms from Sep’21, the brokerage expects some slowdown in cash volumes. Nevertheless, this could be partially offset by a surge in options volumes. Over the medium term – as seen empirically in the earlier phases of the margin norms – volumes are expected to recoup. ISEC, with its tech capabilities, is poised to see revenue and PAT CAGRs of 13.3% and 12.4%, respectively, over FY21–24E.
Promoter/FII Holdings
Promoters held 74.9 per cent stake in the company as of March 31, 2021, while FIIs held 5.7 per cent, DIIs 7.3 per cent and public and others 12.1 per cent.
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