Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,249 | 1,323 | 1,543 | 1,641 | 1,707 | 1,586 | 1,398 | 1,409 | 1,422 | 1,555 | 1,503 | 1,547 |
| Expenses | 439 | 412 | 464 | 506 | 539 | 417 | 412 | 440 | 405 | 432 | 438 | 441 |
| Operating Profit | 810 | 911 | 1,079 | 1,135 | 1,168 | 1,169 | 986 | 969 | 1,017 | 1,123 | 1,065 | 1,106 |
| OPM % | 65% | 69% | 70% | 69% | 68% | 74% | 71% | 69% | 72% | 72% | 71% | 71% |
| Other Income | -0 | 1 | 1 | 3 | 0 | -0 | -1 | 2 | 1 | 1 | 1 | 1 |
| Interest | 215 | 261 | 327 | 394 | 419 | 454 | 433 | 406 | 406 | 448 | 463 | 502 |
| Depreciation | 26 | 27 | 34 | 37 | 39 | 39 | 43 | 40 | 41 | 40 | 40 | 42 |
| Profit before tax | 569 | 624 | 720 | 708 | 711 | 676 | 510 | 526 | 572 | 637 | 564 | 563 |
| Tax % | 26% | 25% | 25% | 26% | 26% | 25% | 25% | 26% | 26% | 25% | 25% | 26% |
| Net Profit | 424 | 466 | 537 | 527 | 529 | 504 | 381 | 391 | 425 | 475 | 422 | 419 |
| EPS in Rs | 13.11 | 14.41 | 16.59 | 16.28 | 16.33 | 15.52 | 11.72 | 12.03 | 13.07 | 14.59 | 12.99 | 12.88 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,125 | 1,403 | 1,861 | 1,725 | 1,721 | 2,586 | 3,435 | 3,422 | 5,049 | 6,335 | 5,890 | 6,028 |
| Expenses | 707 | 838 | 942 | 912 | 823 | 993 | 1,250 | 1,313 | 1,678 | 1,860 | 1,715 | 1,716 |
| Operating Profit | 417 | 566 | 919 | 813 | 898 | 1,593 | 2,185 | 2,109 | 3,372 | 4,475 | 4,174 | 4,311 |
| OPM % | 37% | 40% | 49% | 47% | 52% | 62% | 64% | 62% | 67% | 71% | 71% | 72% |
| Other Income | -1 | 1 | -2 | 1 | 3 | -1 | 4 | 4 | 2 | -14 | 6 | 5 |
| Interest | 26 | 29 | 50 | 42 | 86 | 107 | 274 | 536 | 987 | 1,699 | 1,723 | 1,820 |
| Depreciation | 16 | 15 | 15 | 15 | 61 | 54 | 63 | 75 | 109 | 157 | 160 | 162 |
| Profit before tax | 374 | 522 | 852 | 757 | 753 | 1,431 | 1,853 | 1,501 | 2,278 | 2,605 | 2,297 | 2,335 |
| Tax % | 36% | 35% | 35% | 35% | 28% | 25% | 25% | 26% | 26% | 25% | 25% | |
| Net Profit | 239 | 339 | 553 | 491 | 542 | 1,068 | 1,383 | 1,118 | 1,697 | 1,941 | 1,713 | 1,741 |
| EPS in Rs | 2.96 | 4.20 | 17.18 | 15.24 | 16.83 | 33.14 | 42.84 | 34.61 | 52.46 | 59.70 | 52.68 | 53.53 |
| Dividend Payout % | 67% | 61% | 32% | 62% | 65% | 65% | 56% | 55% | 55% | 30% | 23% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 18% | 18% | 20% | -1% | ||
| Compounded Profit Growth | 22% | 10% | 15% | -4% | ||
| Stock Price CAGR | % | 3% | 13% | % | ||
| Return on Equity | 46% | 42% | 39% | 29% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 161 | 161 | 161 | 161 | 161 | 161 | 161 | 161 | 161 | 162 | 121 | 121 |
| Reserves | 191 | 237 | 329 | 687 | 886 | 1,048 | 1,661 | 2,269 | 2,691 | 3,761 | 5,301 | 6,174 |
| Borrowings | 227 | 173 | 395 | 677 | 452 | 1,657 | 3,630 | 7,846 | 9,408 | 16,887 | 21,083 | 25,258 |
| Other Liabilities | 784 | 826 | 1,162 | 1,349 | 3,165 | 1,576 | 2,729 | 3,370 | 3,308 | 4,814 | 3,543 | 3,828 |
| Total Liabilities | 1,363 | 1,397 | 2,047 | 2,874 | 4,665 | 4,443 | 8,181 | 13,646 | 15,569 | 25,623 | 30,048 | 35,380 |
| Fixed Assets | 35 | 35 | 35 | 38 | 44 | 198 | 161 | 184 | 258 | 529 | 663 | 618 |
| CWIP | 4 | 2 | 3 | 4 | 4 | 8 | 8 | 14 | 31 | 30 | 17 | 90 |
| Investments | 1 | 1 | 2 | 4 | 3 | 2 | 469 | 254 | 924 | 406 | 321 | 200 |
| Other Assets | 1,323 | 1,358 | 2,008 | 2,828 | 4,614 | 4,234 | 7,543 | 13,195 | 14,356 | 24,658 | 29,048 | 34,471 |
| Total Assets | 1,363 | 1,397 | 2,047 | 2,874 | 4,665 | 4,443 | 8,181 | 13,646 | 15,569 | 25,623 | 30,048 | 35,380 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 165 | 71 | 2,289 | -1,878 | -1,610 | -2,597 | -674 | -5,621 | -1,779 | -1,459 | ||
| Cash from Investing Activity | -17 | -21 | -21 | -23 | -40 | -69 | -125 | -257 | -208 | -180 | ||
| Cash from Financing Activity | -54 | 6 | -561 | 559 | 1,417 | 3,130 | 266 | 5,715 | 1,972 | 1,607 | ||
| Net Cash Flow | 94 | 56 | 1,707 | -1,342 | -233 | 464 | -533 | -163 | -15 | -32 | ||
| Free Cash Flow | 150 | 49 | 2,268 | -1,901 | -1,650 | -2,661 | -799 | -5,878 | -1,987 | -1,639 | ||
| CFO/OP | 64% | 43% | 315% | -186% | -80% | -98% | -14% | -152% | -25% | -21% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 52 | 95 | 185 | 61 | 101 | 19 | 65 | 41 | 83 | 69 | 40 | 34 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 52 | 95 | 185 | 61 | 101 | 19 | 65 | 41 | 83 | 69 | 40 | 34 |
| Working Capital Days | -194 | -73 | -154 | -284 | -555 | -399 | -285 | -286 | -235 | -244 | -135 | -150 |
| ROCE % | 84% | 70% | 76% | 75% | 53% | 38% | 37% | 27% | 18% | 20% | 18% | 14% |
| Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 74.89% | 74.87% | 74.86% | 74.85% | 74.85% | 74.83% | 74.79% | 74.77% | 74.74% | 74.65% | 74.58% | 74.35% |
| FIIs | 7.32% | 7.10% | 7.43% | 7.77% | 8.75% | 9.48% | 10.06% | 10.33% | 10.43% | 9.31% | 10.45% | 11.17% |
| DIIs | 7.08% | 6.75% | 6.24% | 5.82% | 5.06% | 5.08% | 6.20% | 6.35% | 7.38% | 10.02% | 9.06% | 8.49% |
| Public | 10.71% | 11.28% | 11.47% | 11.56% | 11.35% | 10.60% | 8.93% | 8.55% | 7.44% | 6.02% | 5.88% | 6.00% |
| No. of Shareholders | 1,86,875 | 1,93,295 | 1,91,509 | 1,76,574 | 1,72,788 | 1,65,923 | 1,38,563 | 1,30,734 | 1,25,307 | 1,29,865 | 1,16,342 | 1,18,829 |
Fundamentals
Market Cap₹ 29,149 Cr.
Current Price₹ 896
Stock P/E16.7
Book Value₹ 194
ROCE13.8 %
ROE29.2 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)-1%
Compounded Profit Growth (TTM)-4%
Consolidated figures.
Valuation
Market capRs 21,657 Cr
Enterprise valueRs 28,429 Cr
P/E (TTM)12.44x
Price to book3.44x
Price to sales3.59x
EV / EBITDA6.59x
EV / EBIT6.84x
EV / sales4.72x
Earnings yield8.04%
Dividend yield1.84%
P/E, 3-year average12.55x
P/B, 3-year average4.48x
P/E, 5-year average12.91x
P/B, 5-year average5.31x
Profitability
Operating margin (excl. other income)70.87%
Operating margin (incl. other income)70.98%
EBITDA margin71.61%
Pre-tax margin38.73%
Net profit margin28.88%
Net margin, latest quarter27.07%
ROE29.24%
ROCE13.85%
ROA5.24%
ROE, 3-year average40.29%
ROCE, 3-year average17.26%
ROA, 3-year average6.82%
ROE, 5-year average45.64%
ROCE, 5-year average19.38%
ROA, 5-year average8.15%
ROIC (approx.)23.71%
Tax rate25.43%
Other income / net worth0.10%
Growth
Sales growth (latest year)-7.03%
Profit growth (latest year)-11.76%
Sales CAGR, 3 years19.85%
Sales CAGR, 5 years17.89%
Profit CAGR, 3 years15.30%
Profit CAGR, 5 years9.92%
Sales growth QoQ2.93%
Profit growth QoQ-0.83%
Sales growth YoY (latest quarter)9.79%
Profit growth YoY (latest quarter)7.11%
Per share
EPS (TTM)Rs 72.04
EPS (latest year)Rs 70.89
EPS (latest quarter)Rs 17.34
EPS, 3-year averageRs 67.90
EPS, 5-year averageRs 56.23
Book value per shareRs 260.48
Sales per shareRs 249.44
Cash flow per shareRs -60.36
Free cash flow per shareRs -67.82
Dividend per share (latest year)Rs 16.50
Dividend per share, 3-year averageRs 23.17
Dividend per share, 5-year averageRs 22.50
Dividends
Dividend payout23.28%
Dividend payout, 3-year average36.14%
Dividend payout, 5-year average43.86%
Efficiency
Asset turnover0.17x
Fixed asset turnover9.53x
Debtor days34 days
Debtors turnover10.85x
Cash conversion cycle34 days
Working capital days-150 days
Leverage
Total debtRs 25,258 Cr
Cash and bankRs 18,486 Cr
Net debtRs 6,772 Cr
Debt to equity4.01x
Net debt / EBITDA1.57x
Interest coverage2.28x
Owners' fund to total sources17.79%
Debt to assets71.39%
Cash flow
Cash from Operating Activity (latest year)Rs -1,459 Cr
Cash from Investing Activity (latest year)Rs -180 Cr
Cash from Financing Activity (latest year)Rs 1,607 Cr
Net Cash Flow (latest year)Rs -32 Cr
Free cash flow (latest year)Rs -1,639 Cr
FCFE (approx.: FCF + change in debt)Rs 2,536 Cr
Cash from ops / profit, 5 years-1.54x
Statement figures
Net sales (TTM)Rs 6,028 Cr
Net sales (latest year)Rs 5,890 Cr
Sales (latest quarter)Rs 1,547 Cr
Operating profit excl. other income (latest year)Rs 4,174 Cr
Operating profit (latest quarter)Rs 1,106 Cr
Other income (TTM)Rs 5 Cr
EBITDA (TTM)Rs 4,316 Cr
PBDT (TTM)Rs 2,497 Cr
Profit before tax (TTM)Rs 2,335 Cr
Tax (latest year)Rs 584 Cr
Net profit (TTM)Rs 1,741 Cr
Net profit (latest year)Rs 1,713 Cr
Net profit (latest quarter)Rs 419 Cr
Depreciation (TTM)Rs 162 Cr
Depreciation (latest quarter)Rs 42 Cr
Interest (TTM)Rs 1,820 Cr
Cost of goods sold (latest year)Rs 382 Cr
Total expenditure (latest year)Rs 1,715 Cr
Total income (latest year)Rs 5,896 Cr
Share capitalRs 121 Cr
ReservesRs 6,174 Cr
Shareholders' fundsRs 6,295 Cr
Total assetsRs 35,380 Cr
Net blockRs 618 Cr
Capital work in progressRs 90 Cr
InvestmentsRs 200 Cr
ReceivablesRs 543 Cr
Other liabilitiesRs 3,828 Cr
Shares outstanding (crore)24.17
Ownership
Promoter holding74.35% (-0.42 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 10.3 is at the 21th percentile of its own 7.0-year range
(median 13.7, low 7.5, high 29.9).
P/B 5.52 is at the 35th percentile (median 6.43).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | ISEC | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +7.1% | -2.8% | +9.9 pts |
| 1 month | +8.2% | -6.8% | +15.0 pts |
| 3 months | +6.3% | -7.6% | +13.9 pts |
| 6 months | +3.2% | +0.4% | +2.8 pts |
| 1 year | +23.3% | -9.9% | +33.2 pts |
| 2 years | +90.1% | -13.6% | +103.7 pts |
| 3 years | +33.8% | +14.2% | +19.6 pts |
| 5 years | +217.0% | +27.9% | +189.1 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was -166% of net profit over the last 3 years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹1,547 Cr +9.8% vs Jun 2025.
Net profit ₹419 Cr +7.2%.
Activity
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|---|---|---|---|
| Billionbrains Garage Ventures Ltd | 115,133 | 47.2 | 37.3 % |
| Motilal Oswal Financial Services Ltd | 60,069 | 30.3 | 12.7 % |
| 360 ONE WAM Ltd | 41,983 | 33.3 | 12.1 % |
| Nuvama Wealth Management Ltd | 30,484 | 28.2 | 17.5 % |
| Angel One Ltd | 25,014 | 24.2 | 14.8 % |
| IIFL Capital Services Ltd | 10,878 | 19.1 | 21.1 % |
| Share India Securities Ltd | 4,492 | 12.4 | 18.4 % |
| Anand Rathi Share & Stock Brokers Ltd | 3,156 | 21.4 | 19.8 % |
| Monarch Networth Capital Ltd | 2,714 | 15.0 | 27.6 % |
| Geojit Financial Services Ltd | 2,138 | 27.5 | 9.02 % |
| SMC Global Securities Ltd | 1,948 | 17.9 | 11.4 % |
| 5paisa Capital Ltd | 1,429 | 32.3 | 9.94 % |
| Dolat Algotech Ltd | 1,151 | 8.00 | 16.3 % |
| Dam Capital Advisors Ltd | 1,101 | 15.2 | 35.4 % |
| Systematix Corporate Services Ltd | 1,030 | 8.49 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-04-26 | Interim Dividend - Rs 17 Per Share | |
| 2023-10-27 | Interim Dividend - Rs 12 Per Share | |
| 2023-08-22 | Dividend - Rs 9.25 Per Share | |
| 2022-10-31 | Interim Dividend - Rs 9.75 Per Share | |
| 2022-08-18 | Annual General Meeting/Dividend - Rs 12.75 Per Share | |
| 2021-10-27 | Interim Dividend - Rs 11.25 Per Share | |
| 2021-08-10 | Annual General Meeting/Dividend - Rs 13.50 Per Sh | |
| 2020-11-05 | Interim Dividend - Rs 8 Per Share | |
| 2020-08-03 | Annual General Meeting/Dividend - Rs 6.75 Per Share | |
| 2019-10-31 | Interim Dividend - Rs 4.25 Per Sh | |
| 2019-07-25 | Annual General Meeting/Dividend - Rs 5.70 Per Share | |
| 2018-10-26 | Interim Dividend - Rs 3.70 Per Share | |
| 2018-08-21 | Annual General Meeting/Dividend- Rs 3.90 Per Share |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of ICICI Securities Ltd?
ICICI Securities Ltd (ISEC) has a market capitalisation of Rs 29,149 Cr. at the 2025-03-21 close.
What is the P/E ratio of ICICI Securities Ltd?
ICICI Securities Ltd trades at a P/E of 16.7 on trailing twelve-month profit, at the 2025-03-21 close.
What were ICICI Securities Ltd's latest quarterly results?
In the Jun 2026 quarter, ICICI Securities Ltd sales was Rs 1,547 Cr (+9.8% vs Jun 2025) and net profit was Rs 419 Cr.