ICICI Securities Limited

BSE:541179 Stock Report

Market Cap: ₹283.8b

ICICI Securities Valuation

Is 541179 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 541179 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 541179 (₹872.85) is trading above our estimate of fair value (₹392.49)

Significantly Below Fair Value: 541179 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 541179?

Key metric: As 541179 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 541179. This is calculated by dividing 541179's market cap by their current earnings.
What is 541179's PE Ratio?
PE Ratio13.8x
Earnings₹20.58b
Market Cap₹283.76b

Price to Earnings Ratio vs Peers

How does 541179's PE Ratio compare to its peers?

The above table shows the PE ratio for 541179 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.5x
ANGELONE Angel One
19.2x13.2%₹252.4b
NUVAMA Nuvama Wealth Management
28.3x11.0%₹236.5b
523405 JM Financial
28.3xn/a₹127.7b
IIFLSEC IIFL Capital Services
14.3xn/a₹102.6b
541179 ICICI Securities
13.8x-21.3%₹283.8b

Price-To-Earnings vs Peers: 541179 is good value based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (22.5x).

Price to Earnings Ratio vs Industry

How does 541179's PE Ratio compare vs other companies in the IN Capital Markets Industry?

21 CompaniesPrice / EarningsEstimated GrowthMarket Cap
533095 Bengal & Assam
2.9xn/aUS$1.25b
VLSFINANCE VLS Finance
4.3xn/aUS$155.70m
536773 Jindal Poly Investment and Finance
2.7xn/aUS$126.59m
JINDALPHOT Jindal Photo
2.5xn/aUS$107.06m
541179 13.8xIndustry Avg. 22.3xNo. of Companies36PE020406080100+
21 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 541179 is good value based on its Price-To-Earnings Ratio (13.8x) compared to the Indian Capital Markets industry average (22.3x).

Price to Earnings Ratio vs Fair Ratio

What is 541179's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

541179 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.8x
Fair PE Ratio12.2x

Price-To-Earnings vs Fair Ratio: 541179 is expensive based on its Price-To-Earnings Ratio (13.8x) compared to the estimated Fair Price-To-Earnings Ratio (12.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 541179 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹872.85
₹612.50
-29.8%
18.4%₹725.00₹500.00n/a2
Nov ’25₹863.65
₹612.50
-29.1%
18.4%₹725.00₹500.00n/a2
Oct ’25₹891.50
₹612.50
-31.3%
18.4%₹725.00₹500.00n/a2
Sep ’25₹822.65
₹612.50
-25.5%
18.4%₹725.00₹500.00n/a2
Aug ’25₹769.95
₹641.67
-16.7%
15.7%₹725.00₹500.00n/a3
Jul ’25₹762.60
₹641.67
-15.9%
15.7%₹725.00₹500.00n/a3
Jun ’25₹715.30
₹641.67
-10.3%
15.7%₹725.00₹500.00n/a3
May ’25₹756.85
₹641.67
-15.2%
15.7%₹725.00₹500.00n/a3
Apr ’25₹723.75
₹641.67
-11.3%
15.7%₹725.00₹500.00n/a3
Mar ’25₹829.55
₹641.67
-22.6%
15.7%₹725.00₹500.00n/a3
Feb ’25₹823.35
₹641.67
-22.1%
15.7%₹725.00₹500.00n/a3
Jan ’25₹710.35
₹641.67
-9.7%
15.7%₹725.00₹500.00n/a3
Dec ’24₹680.10
₹641.67
-5.7%
15.7%₹725.00₹500.00n/a3
Nov ’24₹626.75
₹603.75
-3.7%
18.1%₹725.00₹490.00₹863.654
Oct ’24₹620.85
₹603.75
-2.8%
18.1%₹725.00₹490.00₹891.504
Sep ’24₹625.35
₹603.75
-3.5%
18.1%₹725.00₹490.00₹822.654
Aug ’24₹635.40
₹595.00
-6.4%
16.7%₹725.00₹490.00₹769.955
Jul ’24₹607.95
₹507.86
-16.5%
7.1%₹560.00₹440.00₹762.607
Jun ’24₹490.00
₹507.86
+3.6%
7.1%₹560.00₹440.00₹715.307
May ’24₹441.95
₹515.63
+16.7%
7.6%₹570.00₹440.00₹756.858
Apr ’24₹427.55
₹565.00
+32.1%
11.4%₹680.00₹450.00₹723.758
Mar ’24₹471.90
₹565.00
+19.7%
11.4%₹680.00₹450.00₹829.558
Feb ’24₹483.35
₹565.00
+16.9%
11.4%₹680.00₹450.00₹823.358
Jan ’24₹496.75
₹550.00
+10.7%
10.9%₹640.00₹440.00₹710.357
Dec ’23₹524.60
₹550.00
+4.8%
10.9%₹640.00₹440.00₹680.107
Nov ’23₹514.35
₹550.00
+6.9%
10.9%₹640.00₹440.00₹626.757

Analyst Forecast: Target price is lower than the current share price.

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