ICICI Bank Ltd logo

ICICI Bank Ltd

ICICIBANK NSE

Key Fundamentals

Volatility
Moderate
P/E Ratio
17.95
EBITDA
₹80,118 Cr
Return on Equity
15.19%
Debt to Equity
0
EPS
₹64.38
52W High
₹1,480
52W Low
₹1,187.6

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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55 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Weaknesses

5
  • Stock is trading at 2.72 times its book value
  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.65,46,110 Cr.
  • Earnings include an other income of Rs.1,18,852 Cr.
  • Working capital days have increased from 70.0 days to 118 days

Growth Rate

Revenue Growth
5.95% ↗
Net Income Growth
5.98% ↗
Cash Flow Change
-45.18% ↘
ROE
-8.22% ↘
ROCE
-7.01% ↘
EBITDA Margin (Avg.)
-2.95% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

ICICI Bank Ltd commands a market cap of Rs.10,42,669 Cr with a P/E of 17.7x and P/B of 2.83x. The bank has delivered 17% compounded profit growth over 3 years and maintains a 3-year average ROE of 17%, though TTM revenue growth has decelerated to 4% and the stock has returned -1% over the past year.

Bull Case 7
  • Strong 5-year compounded profit CAGR of 24%, indicating sustained earnings momentum over a longer cycle
  • Consistent ROE of 17% over both 3-year and 5-year periods, well above cost of equity for most Indian banks
  • 10-year stock CAGR of 20%, reflecting long-term wealth creation track record
  • P/E of 17.7x is reasonable for a large-cap private bank with 17% profit growth, suggesting earnings are not excessively priced relative to growth
  • Compounded sales growth of 17% over both 3 and 5-year periods demonstrates consistent top-line expansion
  • Market cap of Rs.10,42,669 Cr provides deep liquidity and institutional ownership stability
  • 10-year compounded profit growth of 18% shows the bank has navigated multiple credit cycles successfully
Bear Case 8
  • TTM revenue growth has sharply decelerated to 4% from the 3-year CAGR of 17%, signaling potential slowdown in core income growth
  • Contingent liabilities of Rs.65,46,110 Cr represent a significant off-balance-sheet exposure relative to the bank's market cap
  • Stock trading at 2.83x book value is elevated; any earnings disappointment could compress this multiple
  • Other income of Rs.1,18,852 Cr forms a significant portion of earnings, raising questions about core operating income quality
  • Working capital days increased from 70 days to 118 days, a 69% deterioration indicating less efficient asset utilization
  • Low interest coverage ratio suggests vulnerability if rate environment shifts or asset quality deteriorates
  • 1-year stock return of -1% indicates the market has already priced in near-term headwinds and sentiment is weak
  • Last year ROE dipped to 16% from the 3-year average of 17%, a modest but notable directional decline

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 5
  • Q1 net profit up 16% YoY Jul 18

    Standalone net profit rose 15.9% YoY to ₹14,805 crore for Q1FY27. NIM improved to 4.36% and net NPA ratio remained low at 0.35%.

  • $1B notes priced at 5.459% Jul 25

    ICICI Bank priced USD 1 billion senior unsecured 5-year notes at 5.459% coupon under its Global Medium Term Note Programme, maturing July 2031.

  • $300M notes at 5.352% coupon Aug 6

    Priced USD 300 million senior unsecured 5-year notes at 5.352% coupon, maturing August 2031, to be listed on NSE IFSC and India International Exchange.

  • US GAAP net income ₹56,037 cr Jul 20

    Filed Form 20-F for FY26 showing US GAAP net income rose to Rs. 56,037 crore for the year ended March 31, 2026.

  • ₹12 per share dividend recommended Jul 20

    Board recommended a dividend of ₹12 per share for FY26, with 32nd AGM scheduled for August 21, 2026.

Neutral 4
  • Heavy institutional block trade activity Aug 10

    Multiple block trades recorded from Jul 17 to Aug 10 totalling over ₹1,700 crores across NSE and BSE, with prices ranging from ₹1,420 to ₹1,467 per share, indicating sustained institutional participation.

  • Investor meets scheduled Aug 12-18 Aug 11

    ICICI Bank participating in conferences hosted by Emkay (Aug 12), Motilal Oswal and Axis Capital (Aug 17-18) in Mumbai.

  • Board to revisit fundraising limit Jul 14

    Board met on July 18, 2026 to consider revising the limit for raising funds via bonds and offshore certificates of deposit.

  • Debt investor meetings held Jul 22-23 Jul 21

    Updated Global Medium Term Note Programme and held virtual meetings with debt market investors on July 22-23, 2026.

TL;DR: ICICI Bank is executing strongly with 16% profit growth, healthy NIMs at 4.36%, and near-zero stress with 0.35% net NPA. The bank is actively raising international capital ($1.3B in notes) and seeing heavy institutional block deal activity. No material headwinds are visible in recent news flow. The trend remains firmly positive with robust fundamentals and proactive capital management supporting continued momentum.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
37,106
38,938
40,865
42,607
44,582
46,326
47,037
48,387
49,080
48,181
48,364
49,594
52,241
Expenses
21,402
24,560
24,929
30,604
29,387
32,221
33,510
37,588
31,991
35,065
37,154
41,823
35,318
Financing Profit
-663
-3,530
-3,473
-8,421
-5,927
-8,120
-9,106
-12,248
-6,002
-8,901
-10,664
-14,276
-6,141
Fin. Margin %
-2%
-9%
-8%
-20%
-13%
-18%
-19%
-25%
-12%
-18%
-22%
-29%
-12%
Other Income
15,229
18,690
18,615
24,575
22,688
26,617
27,589
31,361
25,496
27,966
28,418
35,020
27,448
Interest
16,368
17,908
19,409
20,424
21,122
22,225
22,633
23,047
23,090
22,017
21,874
22,047
23,064
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
14,566
15,160
15,142
16,154
16,761
18,496
18,483
19,113
19,494
19,065
17,754
20,744
21,307
Tax %
24%
25%
26%
26%
26%
25%
25%
25%
26%
25%
24%
25%
24%
Net Profit
11,014
11,351
11,515
12,200
12,463
13,906
13,847
14,354
14,456
14,318
13,481
15,681
16,276
EPS in Rs
15.2
15.56
15.76
16.62
16.62
18.38
18.25
18.96
19
18.7
17.53
20.61
21.52
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
54,964
59,294
60,940
62,162
71,982
84,836
89,163
95,407
1,21,067
1,59,516
1,86,331
1,95,218
1,98,379
Expenses
38,766
52,252
63,841
72,806
83,775
85,361
91,309
80,798
87,864
99,560
1,30,078
1,42,971
1,49,359
Financing Profit
-16,120
-26,955
-37,737
-44,906
-50,971
-45,190
-44,805
-26,558
-17,341
-14,152
-32,775
-36,782
-39,982
Fin. Margin %
-29%
-45%
-62%
-72%
-71%
-53%
-50%
-28%
-14%
-9%
-18%
-19%
-20%
Other Income
35,252
42,102
52,458
56,807
59,325
64,950
72,174
62,129
65,112
76,522
1,08,255
1,16,900
1,18,852
Interest
32,318
33,996
34,836
34,262
39,178
44,666
42,659
41,167
50,543
74,108
89,028
89,029
89,002
Depreciation
798
843
912
922
946
1,171
1,340
1,330
1,515
1,935
2,627
3,061
0
PBT
18,334
14,304
13,809
10,978
7,408
18,589
26,028
34,241
46,256
60,434
72,854
77,057
78,870
Tax %
29%
24%
18%
17%
23%
40%
22%
25%
26%
26%
25%
25%
—
Net Profit
12,942
10,927
11,340
9,100
5,689
11,225
20,364
26,538
35,461
46,081
54,569
57,936
59,756
EPS in Rs
19.2
15.92
15.9
12
6.6
14.78
26.58
36.14
48.74
63.02
71.65
75.71
78.36
Div. Payout %
24%
29%
14%
12%
15%
0%
8%
14%
16%
16%
15%
16%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
1,160
1,163
1,165
1,286
1,289
1,295
1,383
1,390
1,397
1,405
1,425
1,432
Reserves
83,545
92,948
1,03,467
1,09,344
1,12,964
1,21,665
1,56,204
1,80,663
2,13,101
2,54,739
3,12,481
3,61,628
Borrowing
1,19,165
1,89,054
1,70,670
2,29,402
2,10,324
2,13,852
1,43,900
1,61,603
1,89,062
2,07,428
2,18,883
2,20,264
Deposits
4,78,042
4,82,401
5,30,204
5,85,796
6,81,317
8,00,784
9,59,940
10,91,366
12,10,832
14,43,580
16,41,637
18,30,020
Other Liabilities
1,44,167
1,53,190
1,80,219
1,98,453
2,32,899
2,39,696
3,12,385
3,17,616
3,44,099
4,56,911
4,67,815
5,01,153
Total Liabilities
8,26,079
9,18,756
9,85,725
11,24,281
12,38,794
13,77,292
15,73,812
17,52,637
19,58,490
23,64,063
26,42,241
29,14,498
Fixed Assets
5,871
8,713
9,338
9,465
9,660
10,409
10,809
10,707
11,070
15,714
24,272
27,970
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
2,74,311
2,86,044
3,04,373
3,72,208
3,98,201
4,43,473
5,36,579
5,67,098
6,39,552
8,27,163
8,86,377
8,70,720
Other Assets
5,45,897
6,23,999
6,72,013
7,42,608
8,30,933
9,23,411
10,26,424
11,74,833
13,07,868
15,21,186
17,31,593
20,15,808
Total Assets
8,26,079
9,18,756
9,85,725
11,24,281
12,38,794
13,77,292
15,73,812
17,52,637
19,58,490
23,64,063
26,42,241
29,14,498
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-12,273
23,645
52,636
19,383
48,671
79,565
1,38,015
58,111
-3,771
1,57,284
1,22,805
67,325
Investing
-13,175
-12,060
-1,711
-50,551
-30,282
-42,095
-63,631
-40,007
-67,689
-1,44,737
-77,140
-11,708
Financing
24,827
5,814
-35,470
39,676
-19,997
2,992
-54,667
17,451
24,791
13,765
5,589
-4,661
Net Cash Flow
-621
17,399
15,455
8,508
-1,608
40,462
19,718
35,555
-46,669
26,312
51,255
50,957
Free Cash Flow
-13,481
22,867
51,334
18,367
47,570
77,717
1,36,339
56,369
-5,951
1,53,676
1,18,100
63,778
CFO/OP
-43
428
-2,018
-224
-484
-15,611
-6,609
432
21
285
251
161
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
15%
11%
10%
7%
4%
8%
13%
15%
17%
19%
18%
16%

Shareholding Pattern

As of Jun 2026
DIIs 42.32%
FIIs 33.79%
Public 23.68%
Government 0.22%
Total 100.01%
  Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
FIIs
44.39%
43.65%
44.77%
45.48%
46.22%
45.70%
45.83%
46.77%
45.56%
43.87%
34.48%
33.79%
DIIs
45.27%
46.00%
45.10%
44.45%
44.17%
44.95%
44.77%
43.91%
45.06%
46.74%
39.94%
42.32%
Government
0.26%
0.27%
0.28%
0.28%
0.27%
0.27%
0.27%
0.27%
0.27%
0.27%
0.22%
0.22%
Public
10.09%
10.09%
9.84%
9.79%
9.34%
9.08%
9.12%
9.06%
9.11%
9.13%
25.36%
23.68%
No. of Shareholders
17,90,879
18,02,207
17,85,572
18,03,051
18,12,907
18,45,311
19,02,503
18,75,924
20,20,382
21,39,595
20,82,901
21,04,810

Documents

Frequently Asked Questions about ICICI Bank Ltd

What does ICICI Bank Ltd do?
ICICI Bank is the second-largest private sector bank in India offering a diversified portfolio of financial products and services to retail, SME and corporate customers. The Bank has an extensive network of branches, ATMs and other touch-points.The ICICI group has presence in businesses like life...
Where is ICICI Bank Ltd (ICICIBANK) listed?
ICICI Bank Ltd is listed on the Indian stock exchanges. It is listed on NSE: ICICIBANK and BSE: 532174. You can view its live share price, financials, and ratios on Tapetide.
Which sector does ICICI Bank Ltd belong to?
ICICI Bank Ltd operates in the Banks sector within the Private Bank industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the PE ratio of ICICI Bank Ltd?
The Price-to-Earnings (PE) ratio of ICICI Bank Ltd is 17.95. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of ICICI Bank Ltd?
Over the past 52 weeks, ICICI Bank Ltd has traded between a low of ₹1,187.6 and a high of ₹1,480. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of ICICI Bank Ltd?
ICICI Bank Ltd has a Return on Equity (ROE) of 15.19%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research ICICI Bank Ltd on Tapetide?
On Tapetide, you can view ICICI Bank Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

ICICI Bank is the second-largest private sector bank in India offering a diversified portfolio of financial products and services to retail, SME and corporate customers. The Bank has an extensive network of branches, ATMs and other touch-points.The ICICI group has presence in businesses like life and general insurance, housing finance, primary dealership, etc, through its subsidiaries and associates.[1]

Website icicibank.com
CEO Mr. Sandeep Bakhshi B.E.
Employees 1,82,665
Listed 1997-09-17
Face Value ₹ 2
Issued Size 7,15,08,31,635

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