ICICI Securities Share Price

ICICI Securities Ltd is a securities company offering services like retail and institutional broking, private wealth management, financial products and issuer and advisory services. Incorporated in 1995, the company is among the pioneers in the brokerage business in India. It is a leading distributor of various financial products including mutual funds, exchange-traded funds (ETF), RBI bonds, corporate fixed deposits (CFD), real estate investment trusts protection (REITs), and loan products. The company has a customer base of 9 croresm including retail investors, high net-worth individuals, corporations and financial institutions.

Business Operations

ICICI Securities Ltd’s business is primarily divided into three segments-- treasury, broking and distribution and issuer services and advisory. The treasury segment encompasses income from treasury and investment. The company's broking and distribution segment includes income from broking and other related activities including distribution of mutual funds, ETFs, and life insurance.

ICICI Securities' issuer services & advisory segment covers financial advisory services like equity-debt issue management, merger and acquisition consultancy and other related activities. It serves a large cross-section of institutional clients including foreign institutional investors.

ICICI Securities grabbed the market's attention with the launch of its electronic brokerage platform ICICIdirect in 2000. In 2021, the company introduced its online mutual fund platform. ICICI Securities began distribution of health and life insurance products in 2006.

A year later, it began overseas trading services. The company introduced active trader services and online currency derivatives in 2008, followed by the launch of private wealth management services, a year later.

ICICI Securities began offering online National Pension Scheme, National Savings Scheme, and structured products like equity-linked debentures in 2010. The company also launched ICICI Centre for Financial Learning in the same year.

ICICI Securities launched its initial public offer in 2018 and got listed on the BSE and NSE. The company introduced its proprietary Portfolio Management Service (PMS) in FY 2019 offering a wide range of PMS strategies across market capitalization and investment.

The company entered the retail loan segment in 2019, adding a new revenue stream to its portfolio.

The company rolled out ICICIdirect Neo – a zero brokerage plan in 2021. It was followed by ICICI Direct's entry into the commodity derivatives trading space.

ICICI Securities scaled up the distribution of loan products by adding 12 more offerings including Home Loans against Property (LAP), and Lease Rental Discounting (LRD) Business Loans.

ICICIDirect expanded its base outside India with the launch of global investments for six markets – US, UK, Germany, Japan, Singapore and Hong Kong.

ICICI Securities' market capitalisation stood at over ₹26,500 crore as of February 27, 2024. ICICI Securities share price has gained 102% in the last three years.

Financial Highlights

– ICICI Securities Limited's total income in FY 2022-23 was ₹3,425.5 crore compared to ₹3,338.4 crore in the last financial year.

– The company reported a net profit of ₹1,117.63 crore in FY23 as against ₹1,382.6 crore in FY22.

– ICICI Securities Limited made a total expense of ₹1,924.3 crore in FY 2023.

– Its basic earnings per share (EPS) slipped to ₹34.62 in FY23 from ₹42.86 in the last financial year.