---
title: "ICICI Securities Ltd (ISEC) — Share Price, Financials & Analysis"
symbol: "ISEC"
company: "ICICI Securities Ltd"
canonical: "https://tapetide.com/stocks/ISEC"
nse_symbol: "ISEC"
sector: "Financial Services"
industry: "Capital Markets"
generated_at: "2026-09-13T19:21:19.398Z"
---

# ICICI Securities Ltd (ISEC)

Canonical page: https://tapetide.com/stocks/ISEC

## Company

- **NSE Symbol:** ISEC
- **Sector:** Financial Services
- **Industry:** Capital Markets
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2018-04-04
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** icicisecurities.com

## About

ICICI Securities Limited is engaged in the business of broking (institutional and retail), distribution of financial products, merchant banking and advisory services. [1]

## Latest Price

- **Price:** ₹896.2
- **Change:** 0 (0%)
- **Open:** ₹884
- **Day High:** ₹899.1
- **Day Low:** ₹878.4
- **Previous Close:** ₹896.2
- **Volume:** 0
- **As Of:** 2025-03-21T10:28:29+00:00

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 38.5%
- Company has been maintaining a healthy dividend payout of 36.1%
- Debtor days have improved from 47.5 to 33.6 days.
- Company's median sales growth is 25.1% of last 10 years

### Weaknesses

- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -4% | 15% | 10% |
| revenue growth | -1% | 20% | 18% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 1249 | 1323 | 1543 | 1641 | 1707 | 1586 | 1398 | 1409 | 1422 | 1555 | 1503 | 1547 |
| Expenses | 439 | 412 | 464 | 506 | 539 | 417 | 412 | 440 | 405 | 432 | 438 | 441 |
| Operating Profit | 810 | 911 | 1079 | 1135 | 1168 | 1169 | 986 | 969 | 1017 | 1123 | 1065 | 1106 |
| 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 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1861 | 1725 | 1721 | 2586 | 3435 | 3422 | 5049 | 6335 | 5890 | 6028 |
| Expenses | 942 | 912 | 823 | 993 | 1250 | 1313 | 1678 | 1860 | 1715 | 1716 |
| Operating Profit | 919 | 813 | 898 | 1593 | 2185 | 2109 | 3372 | 4475 | 4174 | 4311 |
| OPM % | 49 | 47 | 52 | 62 | 64 | 62 | 67 | 71 | 71 | 72 |
| Other Income | -2 | 1 | 3 | -1 | 4 | 4 | 2 | -14 | 6 | 5 |
| Interest | 50 | 42 | 86 | 107 | 274 | 536 | 987 | 1699 | 1723 | 1820 |
| Depreciation | 15 | 15 | 61 | 54 | 63 | 75 | 109 | 157 | 160 | 162 |
| Profit before tax | 852 | 757 | 753 | 1431 | 1853 | 1501 | 2278 | 2605 | 2297 | 2335 |
| Tax % | 35 | 35 | 28 | 25 | 25 | 26 | 26 | 25 | 25 | — |
| Net Profit | 553 | 491 | 542 | 1068 | 1383 | 1118 | 1697 | 1941 | 1713 | 1741 |
| EPS in Rs | 17.18 | 15.24 | 16.83 | 33.14 | 42.84 | 34.61 | 52.46 | 59.7 | 52.68 | 53.53 |
| Dividend Payout % | 32 | 62 | 65 | 65 | 56 | 55 | 55 | 30 | 23 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 162 | 121 | 121 |
| Reserves | 329 | 687 | 886 | 1048 | 1661 | 2269 | 2691 | 3761 | 5301 | 6174 |
| Borrowings | 395 | 677 | 452 | 1657 | 3630 | 7846 | 9408 | 16887 | 21083 | 25258 |
| Other Liabilities | 1162 | 1349 | 3165 | 1576 | 2729 | 3370 | 3308 | 4814 | 3543 | 3828 |
| Total Liabilities | 2047 | 2874 | 4665 | 4443 | 8181 | 13646 | 15569 | 25623 | 30048 | 35380 |
| Fixed Assets | 35 | 38 | 44 | 198 | 161 | 184 | 258 | 529 | 663 | 618 |
| CWIP | 3 | 4 | 4 | 8 | 8 | 14 | 31 | 30 | 17 | 90 |
| Investments | 2 | 4 | 3 | 2 | 469 | 254 | 924 | 406 | 321 | 200 |
| Other Assets | 2008 | 2828 | 4614 | 4234 | 7543 | 13195 | 14356 | 24658 | 29048 | 34471 |
| Total Assets | 2047 | 2874 | 4665 | 4443 | 8181 | 13646 | 15569 | 25623 | 30048 | 35380 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 2289 | -1878 | -1610 | -2597 | -674 | -5621 | -1779 | -1459 |
| Cash from Investing Activity | -17 | -21 | -21 | -23 | -40 | -69 | -125 | -257 | -208 | -180 |
| Cash from Financing Activity | -54 | 6 | -561 | 559 | 1417 | 3130 | 266 | 5715 | 1972 | 1607 |
| Net Cash Flow | 94 | 56 | 1707 | -1342 | -233 | 464 | -533 | -163 | -15 | -32 |
| Free Cash Flow | 150 | 49 | 2268 | -1901 | -1650 | -2661 | -799 | -5878 | -1987 | -1639 |
| CFO/OP | 64 | 43 | 315 | -186 | -80 | -98 | -14 | -152 | -25 | -21 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 185 | 61 | 101 | 19 | 65 | 41 | 83 | 69 | 40 | 34 |
| Cash Conversion Cycle | 185 | 61 | 101 | 19 | 65 | 41 | 83 | 69 | 40 | 34 |
| Working Capital Days | -154 | -284 | -555 | -399 | -285 | -286 | -235 | -244 | -135 | -150 |
| ROCE % | 76 | 75 | 53 | 38 | 37 | 27 | 18 | 20 | 18 | 14 |

## Shareholding Pattern

### annual

| Category | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Dec 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 79.22% | 79.22% | 79.22% | 75% | 74.89% | 74.85% | 74.74% | 74.35% |
| FIIs | 4.76% | 1.4% | 3.16% | 3.74% | 7.32% | 8.75% | 10.43% | 11.17% |
| DIIs | 11.57% | 13.82% | 11.45% | 9.04% | 7.08% | 5.06% | 7.38% | 8.49% |
| Public | 4.44% | 5.55% | 6.17% | 12.23% | 10.71% | 11.35% | 7.44% | 6% |
| No. of Shareholders | 129461 | 122985 | 125212 | 154419 | 186875 | 172788 | 125307 | 118829 |

### Quarterly

| Category | 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% | 7.1% | 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% | 6.2% | 6.35% | 7.38% | 10.02% | 9.06% | 8.49% |
| Public | 10.71% | 11.28% | 11.47% | 11.56% | 11.35% | 10.6% | 8.93% | 8.55% | 7.44% | 6.02% | 5.88% | 6% |
| No. of Shareholders | 186875 | 193295 | 191509 | 176574 | 172788 | 165923 | 138563 | 130734 | 125307 | 129865 | 116342 | 118829 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 2 / 7

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 271.13 | Sell |
| EMA (10) | 270.15 | Sell |
| SMA (20) | 284.28 | Sell |
| EMA (20) | 272.53 | Sell |
| SMA (50) | 250.21 | Buy |
| EMA (50) | 249.44 | Buy |
| SMA (100) | 191.25 | Buy |
| EMA (100) | 231.57 | Buy |
| SMA (200) | 248.91 | Buy |
| EMA (200) | 295.33 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.48 | Neutral |
| MACD (12,26,9) | 1.89 | Sell |
| Stochastic (14,3,3) | 0 | Buy |
| ADX (14) | 39.79 | Buy |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 3.34 | Neutral |
| ROC (12) | -11.27 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 7.79 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 3 Mar 2025 - We have allotted 4,006 equity shares of face value of Rs. 5/- each on March 3, 2025. | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 3 Mar 2025 - We have allotted 4,006 equity shares of face value of Rs. 5/- each on March 3, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5de9666c-46c0-4a44-8863-f7bab0da762b.pdf) |
| 17 Mar 2025 - We have allotted 99,779 equity shares of face value of Rs. 5/- each on March 17, 2025. | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 17 Mar 2025 - We have allotted 99,779 equity shares of face value of Rs. 5/- each on March 17, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4a745535-1371-48e7-82cf-d53478cbd55b.pdf) |
| 10 Mar 2025 - We have allotted 2,888 equity shares of face value of Rs. 5/- each on March 10, 2025. | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 10 Mar 2025 - We have allotted 2,888 equity shares of face value of Rs. 5/- each on March 10, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a5b5b035-c2b9-4cac-bcb8-a14fd808f1d0.pdf) |
| 10 Mar 2025 - NCLAT dismisses appeals regarding Scheme of Arrangement. | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 10 Mar 2025 - NCLAT dismisses appeals regarding Scheme of Arrangement.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/11c3dbf8-6045-4670-8768-7a74e83a56b2.pdf) |
| — | [Intimation Of ''Record Date'' Under Regulation 42 Of SEBI (LODR) Regulations, 2015 11 Mar 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/545c3c5a-07da-4d68-b135-7ff35c4c2fb3.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2023 | [Concall - Oct 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eed0a63b-62aa-465b-b1f2-8d1e65b8b8fe.pdf) |
| Oct 2023 | [Concall - Oct 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eed0a63b-62aa-465b-b1f2-8d1e65b8b8fe.pdf) |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c12ad53c-f9ad-4254-8912-48d550d3db46.pdf) |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=09536dd9-120d-4124-9e9b-04b0fc3993d3.pdf) |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c12ad53c-f9ad-4254-8912-48d550d3db46.pdf) |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/09536dd9-120d-4124-9e9b-04b0fc3993d3.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3f28f536-e679-422a-818f-7d43a8a9c99f.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3f28f536-e679-422a-818f-7d43a8a9c99f.pdf) |
| Jul 2023 | [Concall - Jul 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d33cfe80-dcba-49cb-9aa3-6834d787bb4c.pdf) |
| Jul 2023 | [Concall - Jul 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d33cfe80-dcba-49cb-9aa3-6834d787bb4c.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/667514fa-3335-4fd1-85b7-6359dd5b397a.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d81ce85e-dada-4ccc-bddf-3a0d937d3dac.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/541179/74046541179.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/541179/69150541179.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/541179/5411790320.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/541179/5411790319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/541179/5411790318.pdf) |
| from bse | [Annual Report 2009 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2009/ICICI_SECURITIES_LTD-541179-MARCH-2009.PDF) |
| from bse | [Annual Report 2006 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2006/ICICI_SECURITIES_LTD-541179-MARCH-2006.PDF) |
| from bse | [Annual Report 2005 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2005/ICICI_SECURITIES_LTD-541179-MARCH-2005.PDF) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:21:19.398Z.