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ICICI Securities balance sheet is weak and might have solvency issues
The debt of ICICI Securities is decreasing.
Latest debt of ICICI Securities is -₹13,579.22 Crs as of Sep-24.
This is less than Mar-24 when it was -₹5,812.63 Crs.
Yes, profit is increasing.
The profit of ICICI Securities is ₹2,097 Crs for TTM, ₹1,697 Crs for Mar 2024 and ₹1,118 Crs for Mar 2023.
The company seems to pay a good stable dividend.
ICICI Securities latest dividend payout ratio is 55.27% and 3yr average dividend payout ratio is 55.39%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Short Term Loans & Advances