ICICI Securities Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 25323.43 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 30-09-2021, the company reported a Consolidated Total Income of Rs 856.56 Crore, up 14.56 % from last quarter Total Income of Rs 747.70 Crore and up 25.88 % from last year same quarter Total Income of Rs 680.46 Crore. Company reported net profit after tax of Rs 351.24 Crore in latest quarter.
Investment Rationale
The brokerage raises FY22E/FY23E EPS estimate by ~5%/ 4% to factor in strong revenue traction in the Distribution and MTF business. It maintains Buy rating with a TP of INR970/share (21x FY23E EPS).
Promoter/FII Holdings
Promoters held 74.91 per cent stake in the company as of 30-Sep-2021, while FIIs owned 8.94 per cent, DIIs 4.86 per cent.
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