ICICI SECURITIES has announced its results for the year ended March 2021. Let us have a look at the detailed performance review of the company during FY20-21.
No. of Mths Year Ending | 12 Mar-20* | 12 Mar-21* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 17,191 | 25,862 | 50.4% |
Other income | Rs m | 217 | 41 | -81.1% |
Total Revenues | Rs m | 17,407 | 25,903 | 48.8% |
Gross profit | Rs m | 8,791 | 15,881 | 80.7% |
Depreciation | Rs m | 614 | 542 | -11.8% |
Interest | Rs m | 864 | 1,073 | 24.2% |
Profit before tax | Rs m | 7,529 | 14,308 | 90.0% |
Tax | Rs m | 2,109 | 3,631 | 72.1% |
Profit after tax | Rs m | 5,420 | 10,677 | 97.0% |
Gross profit margin | % | 51.1 | 61.4 | |
Effective tax rate | % | 28.0 | 25.4 | |
Net profit margin | % | 31.5 | 41.3 |
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No. of Mths Year Ending | 12 Mar-20* | 12 Mar-21* | % Change | |
---|---|---|---|---|
Networth | Rs m | 12,038 | 18,049 | 49.9 |
Current Liabilities | Rs m | 31,504 | 62,982 | 99.9 |
Long-term Debt | Rs m | 0 | 0 | 0.0 |
Total Liabilities | Rs m | 61,166 | 98,417 | 60.9 |
Current assets | Rs m | 39,897 | 78,110 | 95.8 |
Fixed Assets | Rs m | 21,269 | 20,307 | -4.5 |
Total Assets | Rs m | 61,166 | 98,417 | 60.9 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-20 | Mar-21 | ||
Cash Flow from Operating Activities | Rs m | -18,783 | -16,095 | - |
Cash Flow from Investing Activities | Rs m | -226 | -402 | - |
Cash Flow from Financing Activities | Rs m | 5,588 | 14,170 | 153.6% |
Net Cash Flow | Rs m | -13,421 | -2,327 | - |
No. of Mths Year Ending | 12 Mar-20* | 12 Mar-21* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 53.4 | 80.3 |
TTM Earnings per share | Rs | 16.8 | 33.1 |
Diluted earnings per share | Rs | 16.8 | 33.1 |
Price to Cash Flow | x | 14.8 | 12.1 |
TTM P/E ratio | x | 16.5 | 11.5 |
Price / Book Value ratio | x | 9.6 | 7.5 |
Market Cap | Rs m | 115,286 | 135,478 |
Dividends per share (Unadj.) | Rs | 11.0 | 21.5 |
Current Ratio: The company's current ratio deteriorated and stood at 1.2x during FY21, from 1.3x during FY20. The current ratio measures the company's ability to pay short-term and long-term obligations.
Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 14.3x during FY21, from 9.7x during FY20. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.
Return on Equity (ROE): The ROE for the company improved and stood at 59.2% during FY21, from 45.0% during FY21. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.
Return on Capital Employed (ROCE): The ROCE for the company improved and stood at 85.2% during FY21, from 69.7% during FY20. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.
Return on Assets (ROA): The ROA of the company improved and stood at 11.9% during FY21, from 10.3% during FY20. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-20* | 12 Mar-21* | |
---|---|---|---|
Current ratio | x | 1.3 | 1.2 |
Debtors’ Days | Days | 19 | 65 |
Interest coverage | x | 9.7 | 14.3 |
Debt to equity ratio | x | 0.0 | 0.0 |
Return on assets | % | 10.3 | 11.9 |
Return on equity | % | 45.0 | 59.2 |
Return on capital employed | % | 69.7 | 85.2 |
To see how ICICI SECURITIES has performed over the last 5 years, please visit here.
Over the last one year, ICICI SECURITIES share price has moved up from Rs 277.1 to Rs 381.6, registering a gain of Rs 104.5 or around 37.7%.
Overall, the S&P BSE SENSEX is up 74.1% over the year.
(To know more, check out historical annual results for ICICI SECURITIES and quarterly results for ICICI SECURITIES)
ICICI SECURITIES currently trades at Rs 726.0 per share. You can check out the latest share price performance of ICICI SECURITIES here...
The revenues of ICICI SECURITIES stood at Rs 25,903 m in FY21, which was up 48.8% compared to Rs 17,407 m reported in FY20.
ICICI SECURITIES' revenue has grown from Rs 14,042 m in FY17 to Rs 25,903 m in FY21.
Over the past 5 years, the revenue of ICICI SECURITIES has grown at a CAGR of 16.5%.
The net profit of ICICI SECURITIES stood at Rs 10,677 m in FY21, which was up 97.0% compared to Rs 5,420 m reported in FY20.
This compares to a net profit of Rs 4,907 m in FY19 and a net profit of Rs 5,535 m in FY18.
Over the past 5 years, ICICI SECURITIES net profit has grown at a CAGR of 33.3%.
The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.
This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.
The cash flow statement of ICICI SECURITIES reveals:
Here's the cash flow statement of ICICI SECURITIES for the past 5 years.
(Rs m) | FY17 | FY18 | FY19 | FY20 | FY21 |
---|---|---|---|---|---|
From Operations | 1,653 | 711 | 22,893 | -18,783 | -16,095 |
From Investments | -170 | -210 | -208 | -226 | -402 |
From Financial Activity | -541 | 64 | -5,615 | 5,588 | 14,170 |
Net Cashflow | 942 | 564 | 17,070 | -13,421 | -2,327 |
Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.
The ratio/financial analysis of ICICI SECURITIES reveals:
Here's the ratio/financial analysis of ICICI SECURITIES for the past 5 years.
FY17 | FY18 | FY19 | FY20 | FY21 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 40.3 | 49.3 | 46.4 | 51.1 | 61.4 |
Net Profit Margin (%) | 24.1 | 29.7 | 28.8 | 31.5 | 41.3 |
Debt to Equity Ratio (x) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Read: Latest Annual Report Analysis of ICICI SECURITIES
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