ICICI Securities Future Growth

Future criteria checks 2/6

ICICI Securities is forecast to grow earnings and revenue by 1.2% and 16.8% per annum respectively. EPS is expected to grow by 1.2% per annum. Return on equity is forecast to be 38.6% in 3 years.

Key information

1.2%

Earnings growth rate

1.2%

EPS growth rate

Capital Markets earnings growth	12.3%
Revenue growth rate	16.8%
Future return on equity	38.6%
Analyst coverage	Low
Last updated	03 May 2024

Recent future growth updates

Recent updates

ICICI Securities (NSE:ISEC) Has Announced That Its Dividend Will Be Reduced To ₹9.25

Aug 06

ICICI Securities (NSE:ISEC) Is Paying Out Less In Dividends Than Last Year

Oct 23

ICICI Securities (NSE:ISEC) Is Paying Out Less In Dividends Than Last Year

Aug 05

ICICI Securities' (NSE:ISEC) Shareholders Will Receive A Bigger Dividend Than Last Year

Oct 21

ICICI Securities (NSE:ISEC) Has Announced That It Will Be Increasing Its Dividend To ₹13.50

Jul 30

This Just In: Analysts Are Boosting Their ICICI Securities Limited (NSE:ISEC) Outlook for This Year

Jul 22

Could ICICI Securities Limited (NSE:ISEC) Have The Makings Of Another Dividend Aristocrat?

May 04

If You Had Bought ICICI Securities' (NSE:ISEC) Shares A Year Ago You Would Be Down 21%

Feb 24

Key Things To Watch Out For If You Are After ICICI Securities Limited's (NSE:ISEC) 3.6% Dividend

Jan 27

Head of Institutional Equities Jaideep Goswami Just Sold A Bunch Of Shares In ICICI Securities Limited (NSE:ISEC)

Jan 06

What Type Of Shareholders Make Up ICICI Securities Limited's (NSE:ISEC) Share Registry?

Dec 22

Update: ICICI Securities (NSE:ISEC) Stock Gained 36% In The Last Year

Nov 25

Earnings and Revenue Growth Forecasts

NSEI:ISEC - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2026	56,120	17,349	1,997	10,158	3
3/31/2025	42,107	12,962	7,926	12,299	1
3/31/2024	40,623	16,967	-58,798	-56,211	N/A
12/31/2023	35,579	14,228	N/A	N/A	N/A
9/30/2023	32,217	12,381	-29,038	-26,891	N/A
6/30/2023	29,339	11,149	N/A	N/A	N/A
3/31/2023	28,815	11,176	-7,999	-6,742	N/A
12/31/2022	29,701	11,952	N/A	N/A	N/A
9/30/2022	31,042	12,946	-13,371	-12,603	N/A
6/30/2022	31,583	13,455	N/A	N/A	N/A
3/31/2022	31,736	13,826	-26,616	-25,975	N/A
12/31/2021	30,727	13,718	N/A	N/A	N/A
9/30/2021	28,086	12,585	-23,395	-22,858	N/A
6/30/2021	26,654	11,854	N/A	N/A	N/A
3/31/2021	24,821	10,677	-16,502	-16,095	N/A
12/31/2020	22,233	8,941	N/A	N/A	N/A
9/30/2020	20,288	7,643	-9,194	-8,962	N/A
6/30/2020	17,758	6,213	N/A	N/A	N/A
3/31/2020	16,123	5,420	-19,017	-18,783	N/A
12/31/2019	15,674	5,077	N/A	N/A	N/A
9/30/2019	15,640	4,716	N/A	N/A	N/A
6/30/2019	16,114	4,707	N/A	N/A	N/A
3/31/2019	16,633	4,907	22,667	22,893	N/A
12/31/2018	17,617	5,245	N/A	N/A	N/A
9/30/2018	18,462	5,772	N/A	N/A	N/A
6/30/2018	18,414	5,731	N/A	N/A	N/A
3/31/2018	18,127	5,535	488	711	N/A
12/31/2017	16,867	4,847	N/A	1,885	N/A
9/30/2017	15,561	4,196	N/A	1,056	N/A
6/30/2017	14,400	3,733	N/A	N/A	N/A
3/31/2017	13,756	3,386	N/A	1,653	N/A
3/31/2016	10,984	2,387	N/A	2,322	N/A
3/31/2015	11,788	2,939	N/A	2,213	N/A
3/31/2014	7,878	834	N/A	1,925	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ISEC's forecast earnings growth (1.2% per year) is below the savings rate (6.7%).

Earnings vs Market: ISEC's earnings (1.2% per year) are forecast to grow slower than the Indian market (17.4% per year).

High Growth Earnings: ISEC's earnings are forecast to grow, but not significantly.

Revenue vs Market: ISEC's revenue (16.8% per year) is forecast to grow faster than the Indian market (9.8% per year).

High Growth Revenue: ISEC's revenue (16.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ISEC's Return on Equity is forecast to be high in 3 years time (38.6%)

ICICI Securities Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 14%

Consensus revenue estimates increase by 18%

Consensus EPS estimates increase by 16%

Price target decreased by 7.9% to ₹508

Price target decreased to ₹514

Consensus EPS estimates fall by 11%

Recent updates

ICICI Securities Limited Approves Second Interim Dividend, Payable on or Before May 18, 2024

Full year 2024 earnings: EPS and revenues exceed analyst expectations

ICICI Securities Limited Announces Resignation of Kedar Deshpande as Head - Retail Distribution, Effective April 12, 2024

Little Excitement Around ICICI Securities Limited's (NSE:ISEC) Earnings

Consensus EPS estimates increase by 14%

Third quarter 2024 earnings released: EPS: ₹14.41 (vs ₹8.71 in 3Q 2023)

Consensus revenue estimates increase by 18%

Upcoming dividend of ₹12.00 per share at 3.2% yield

Second quarter 2024 earnings released: EPS: ₹13.11 (vs ₹9.30 in 2Q 2023)

ICICI Securities' (NSE:ISEC) Dividend Will Be Increased To ₹12.00

ICICI Securities Limited Announces Resignation of Ankit Sharma, Head - Compliance and Legal, Effective December 7, 2023

ICICI Securities Limited to Report Q2, 2024 Results on Oct 16, 2023

ICICI Securities Limited Announces Executive Changes

ICICI Securities' (NSE:ISEC) Dividend Will Be Reduced To ₹9.25

Upcoming dividend of ₹9.25 per share at 3.1% yield

ICICI Securities (NSE:ISEC) Has Announced That Its Dividend Will Be Reduced To ₹9.25

ICICI Securities Limited, Annual General Meeting, Aug 29, 2023

Consensus EPS estimates increase by 16%

First quarter 2024 earnings released: EPS: ₹8.39 (vs ₹8.48 in 1Q 2023)

Investor sentiment improves as stock rises 20%

Price target decreased by 7.9% to ₹508

Third quarter 2023 earnings released: EPS: ₹8.71 (vs ₹11.79 in 3Q 2022)

Upcoming dividend of ₹9.75 per share

ICICI Securities (NSE:ISEC) Is Paying Out Less In Dividends Than Last Year

Second quarter 2023 earnings released: EPS: ₹9.30 (vs ₹10.89 in 2Q 2022)

ICICI Securities Limited Announces Interim Dividend, Payable on or Before November 19, 2022

ICICI Securities Limited to Report Q2, 2023 Results on Oct 20, 2022

ICICI Securities Limited Appoints Rakesh Jha as Additional Director

ICICI Securities Limited Announces Resignation of Anup Bagchi as Non-Executive Non-Independent Director

High number of new directors

ICICI Securities Limited Approves Board Appointments

Upcoming dividend of ₹12.75 per share

ICICI Securities (NSE:ISEC) Is Paying Out Less In Dividends Than Last Year

ICICI Securities Limited (NSEI:ISEC) acquired Vartul Solutions Private Limited.

ICICI Securities Limited, Annual General Meeting, Aug 26, 2022

Price target decreased to ₹514

Consensus EPS estimates fall by 11%

Insufficient new directors

ICICI Securities Limited Announces Resignation of Mr. Pankaj Gadgil as Additional Director (Non-Executive Non-Independent Director)

Now 20% undervalued after recent price drop

ICICI Securities Limited Announces Resignation of Pramod Rao as Non-Executive Non-Independent Director

Insufficient new directors

Price target decreased to ₹742

Consensus forecasts updated

ICICI Securities Limited Proposes Final Dividend

Now 21% undervalued after recent price drop

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

ICICI Securities' (NSE:ISEC) Shareholders Will Receive A Bigger Dividend Than Last Year

Second quarter 2022 earnings released: EPS ₹10.89 (vs ₹8.64 in 2Q 2021)

Investor sentiment improved over the past week

Head of Institutional Equities recently sold ₹4.4m worth of stock

Upcoming dividend of ₹13.50 per share

ICICI Securities (NSE:ISEC) Has Announced That It Will Be Increasing Its Dividend To ₹13.50

Head of Institutional Equities recently sold ₹1.5m worth of stock

Consensus revenue estimates increase to ₹28.9b

This Just In: Analysts Are Boosting Their ICICI Securities Limited (NSE:ISEC) Outlook for This Year

First quarter 2022 earnings released

Price target increased to ₹593

Insider recently sold ₹1.2m worth of stock

Investor sentiment improved over the past week

Could ICICI Securities Limited (NSE:ISEC) Have The Makings Of Another Dividend Aristocrat?

Consensus EPS estimates increase to ₹30.64

Full year 2021 earnings released: EPS ₹33.14 (vs ₹16.83 in FY 2020)

If You Had Bought ICICI Securities' (NSE:ISEC) Shares A Year Ago You Would Be Down 21%

New 90-day low: ₹403

Analysts increase EPS estimates to ₹30.38

Key Things To Watch Out For If You Are After ICICI Securities Limited's (NSE:ISEC) 3.6% Dividend

New 90-day low: ₹414

Revenue and earnings beat expectations