ICICI Securities Ltd, incorporated in the year 1995, is a Mid Cap company with a market cap of Rs 14951.12 Crore operating in Financial Services sector.
ICICI Securities key Products/Revenue Segments include Income From Brokerage & Commission, Other Services, Interest, Income From Financial Services, Income From Sale Of Share & Securities and Dividend for the year ending 31-Mar-2020.
Investment Rationale
While FY21 has been a year of volatile markets, HDFC Securities believes volumes would moderate in FY22E, particularly in the derivative segment. Further, the brokerage remains watchful of the impact of changing regulations, and believe earnings are peaking out.
Financials
Q4 FY21 PAT more than doubled YoY to Rs 3.3 billion (45 per cent beat), driven by 54 per cent growth in revenue. EBITDA was reported at Rs 4.9 billion (+22 per cent qoq/+93 per cent yoy). EBITDA margin improved to 65.7 per cent (+169bps qoq / +1341bps yoy).
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.
