ICICI Securities Ltd.

Financial

	ICICI Securities	Angel One	Motilal Oswal Fin
Operational Metrics
Financials
5 yr Average ROE	48.54 %	31.56 %	20.03 %
5yr average Equity Multiplier	6.19	4.33	3.33
5yr Average Asset Turnover Ratio	0.22	0.31	0.22
5yr Avg Net Profit Margin	35.94 %	23.62 %	26.13 %
Price to Book	6.52	3.95	3.71
P/E	13.89	18.96	12.49
5yr Avg Cash Conversion Cycle	109.74 Days	36.79 Days	76.1 Days
Inventory Days	71.11 Days	0.0	0.0
Days Receivable	62.62 Days	36.79 Days	76.1 Days
Days Payable	214.78 Days	315.39 Days	231.78 Days
5yr Average Interest Coverage Ratio	7.79	10.46	3.49
5yr Avg ROCE	39.6 %	44.56 %	26.81 %
5yr Avg Operating Profit Margin	60.95 %	35.93 %	49.04 %
5 yr average Debt to Equity	2.77	0.77	1.41
5yr CAGR Net Profit	25.64 %	68.71 %	67.82 %
5yr Average Return on Assets	8.04 %	7.31 %	6.07 %
Shareholdings
Promoter Holding	74.35 %	35.55 %	68.71 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.54 %	-8.45 %	-1.69 %
Change in Mutual Fund Holding (3 Yrs)	2.01 %	2.29 %	3.02 %

Business

	ICICI Securities	Angel One	Motilal Oswal Fin
Product Wise Break-Up	Product Wise Break-Up Broking 88.33 Advisory 7.88 Treasury 3.79 Distribution 0 Depository 0 Interest 0 Broking 0	Product Wise Break-Up Treasury 0 Broking 60.0 Depository 4.0 Interest Income 32.0 Distribution 3.0 Advisory 0 Others 1.0	-
Location Wise Break-Up	Location Wise Break-Up India 94.35 Rest of the World 5.65 International 0 Domestic 0	Location Wise Break-Up Domestic 100.0 Rest of the World 0 International 0 India 0	Location Wise Break-Up Domestic 0 Rest of the World 0 International 0 India 100.0
Operating Profit Break-Up	Operating Profit Break-Up Broking 83.64 Asset Management 14.57 Asset Management 1.78 Wealth Management 0 Fund Based 0 Housing Finance 0 Asset & Wealth Management 0 Capital Market 0 Others 0.01	-	Operating Profit Break-Up Wealth Management 34.44 Asset Management 42.1 Asset Management 0 Capital Markets 10.84 Fund Based 5.32 Home loans 6.46 Broking 0 Others 0.84
Asset Break-Up	Asset Break-Up India 99.99 Others 0.01	-	Asset Break-Up India 0 Others 100