ICICI Securities Limited

BSE:541179 Stock Report

Market Cap: ₹276.2b

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 (₹853.2) is trading above our estimate of fair value (₹380.95)

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 Ratio13.4x
Earnings₹20.58b
Market Cap₹276.17b

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 Average22.7x
ANGELONE Angel One
19.9x13.2%₹261.9b
NUVAMA Nuvama Wealth Management
29.4x11.0%₹245.7b
523405 JM Financial
26.5xn/a₹119.7b
IIFLSEC IIFL Capital Services
14.9xn/a₹106.8b
541179 ICICI Securities
13.4x-21.3%₹275.8b

Price-To-Earnings vs Peers: 541179 is good value based on its Price-To-Earnings Ratio (13.4x) compared to the peer average (22.7x).

Price to Earnings Ratio vs Industry

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

20 CompaniesPrice / EarningsEstimated GrowthMarket Cap
533095 Bengal & Assam
2.9xn/aUS$1.23b
BFINVEST BF Investment
5xn/aUS$307.61m
VLSFINANCE VLS Finance
3.8xn/aUS$135.41m
JINDALPHOT Jindal Photo
2.7xn/aUS$113.03m
541179 13.4xIndustry Avg. 24.1xNo. of Companies32PE020406080100+
20 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 541179 is good value based on its Price-To-Earnings Ratio (13.4x) compared to the Indian Capital Markets industry average (24.1x).

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 Ratio13.4x
Fair PE Ratio12.1x

Price-To-Earnings vs Fair Ratio: 541179 is expensive based on its Price-To-Earnings Ratio (13.4x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).

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₹853.20
₹612.50
-28.2%
18.4%₹725.00₹500.00n/a2
Dec ’25₹872.60
₹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₹500.00₹872.603
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

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 15:21
End of Day Share Price 2024/12/26 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ICICI Securities Limited is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Veekesh GandhiBofA Global Research
Dipanjan GhoshCitigroup Inc
Piran EngineerCLSA