ICICI Bank Ltd logo

ICICI Bank Ltd

ICICIBANK NSE

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]

AI Verdict: BUY Confidence: 8%

ICICI Bank trades at a reasonable PE of 16.6x with consistent 17% profit CAGR over 3 and 5 years, backed by near-unanimous analyst consensus with 97.4% buy ratings. While the stock has corrected 6% over the past year, the long-term compounding story at 20% CAGR over 10 years remains intact for India's second-largest private bank.

Key Fundamentals

LargecapPrivate BankBanks
Market Cap
10.0L Cr
Volatility
Moderate
P/E Ratio
18.3
EBITDA
₹0.00 Cr
Return on Equity
16.67%
Debt to Equity
0
Book Value
₹497.11
EPS
₹64.38
52W High
₹1,500
52W Low
₹1,187.6

Technical Indicators

Key Insights

Weaknesses

5
  • Stock is trading at 2.73 times its book value
  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.80,16,362 Cr.
  • Earnings include an other income of Rs.1,16,900 Cr.
  • Working capital days have increased from 75.8 days to 135 days

Growth Rate

Revenue Growth
-33.73% ↘
Net Income Growth
7.70% ↘
Cash Flow Change
-21.92% ↘
ROE
-0.72% ↘
ROCE
7.73% ↘
EBITDA Margin (Avg.)
-71.79% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 1d ago
BUY
Risk medium

ICICI Bank trades at a reasonable PE of 16.6x with consistent 17% profit CAGR over 3 and 5 years, backed by near-unanimous analyst consensus with 97.4% buy ratings. While the stock has corrected 6% over the past year, the long-term compounding story at 20% CAGR over 10 years remains intact for India's second-largest private bank.

Bull Case 8
  • Overwhelming analyst consensus with 97.37% buy ratings (37 out of 38 analysts) and zero sell ratings signals strong institutional confidence
  • Compounded profit growth of 24% CAGR over 5 years demonstrates sustained earnings momentum well above sector averages
  • PE ratio of 16.6x is reasonable for a large-cap private bank with consistent double-digit growth, offering value relative to growth
  • 10-year stock CAGR of 20% reflects long-term wealth creation track record and consistent re-rating
  • 3-year and 5-year ROE stable at 17% indicates disciplined capital allocation and improving return profile from 14% over 10 years
  • Market cap of Rs.9,75,973 Cr provides deep liquidity, index weight, and institutional ownership benefits
  • Revenue CAGR of 17% over both 3-year and 5-year periods shows consistent top-line expansion across rate cycles
  • Dividend yield of 0.82% provides a modest income floor while the bank retains capital for growth
Bear Case 8
  • Stock trading at 2.69x price-to-book is elevated for a banking stock and limits margin of safety for new investors
  • TTM sales growth has decelerated sharply to 5% from 17% 3-year CAGR, signaling potential growth slowdown
  • Contingent liabilities of Rs.80,16,362 Cr are massive and represent a tail risk if even a fraction crystallizes
  • Other income of Rs.1,16,900 Cr forms a significant portion of earnings, raising questions about core operating income quality
  • Working capital days have nearly doubled from 75.8 days to 135 days, indicating potential stress in asset-liability management
  • Stock has delivered negative 6% return over 1 year, underperforming broader indices and indicating near-term momentum weakness
  • Low interest coverage ratio suggests vulnerability to margin compression in a falling rate environment or rising NPAs
  • TTM profit growth of only 6% versus 17% 3-year CAGR suggests earnings growth is decelerating meaningfully

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

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Headwinds 3
  • SEBI warning on FPI violation Jun 4

    SEBI issued a warning letter dated June 1 for allowing an FPI to repatriate funds early under the Voluntary Retention Route, violating RBI and SEBI regulations. Bank confirmed no material financial or operational impact.

  • Stock down 14% in one year May 30

    ICICI Bank has declined 14.12% over the past year, significantly underperforming Nifty's 4.38% slide and Nifty Bank's 3.23% fall. The stock fell for five consecutive sessions as of May 30.

  • Deposit growth lags credit growth May 30

    System deposit growth stands at 12% versus credit growth above 16%, pushing the banking system's Loan-to-Deposit Ratio higher and creating potential funding pressure.

Positives 6
  • Strong Q4 FY26 earnings beat Jun 3

    Net profit rose 8.5% YoY to ₹13,701.7 crore, beating Street estimates of ₹12,949 crore. NII grew 8.4% to ₹22,979.2 crore, advances up 15.8% YoY, and GNPA improved to 1.4% from 1.53% sequentially.

  • Top credit card issuer in April May 26

    ICICI Bank led India's top five issuers with 151,823 net new credit card additions in April, ahead of SBI Cards (138,990) and HDFC Bank (128,525).

  • Bullish technicals and analyst targets Jun 11

    Stock shows higher-high structure above 100-day EMA at ₹1,304.60 with volume of 2.24 crore shares versus 1.44 crore 7-day average. Motilal Oswal has a Buy rating with ₹1,750 target.

  • Former SEBI official joins board Jun 1

    Ashwani Bhatia appointed as Independent Director for five years (Jun 2026–May 2031), bringing 40+ years of experience including SEBI Whole Time Member tenure and MD role at SBI.

  • Nomura picks for FY27 portfolio May 30

    Nomura includes ICICI Bank among six preferred banking stocks for FY27, expecting the bank to sustain ~2.25% RoA over FY27-28E with credit costs of ~0.4-0.5%.

  • Three-session rally with 1.05% gain May 25

    Stock gained 1.05% to ₹1,277.6 for its third consecutive positive session, with benchmark Nifty Bank index also rising 1.61% on the day.

Neutral 6
  • Heavy institutional block trade activity Jun 12

    Six block trades on Jun 12 totaling ~₹179.25 crore (prices ₹1,314-₹1,339), plus nine trades on Jun 3 surpassing ₹2,848 crore cumulatively, reflecting sustained institutional participation.

  • Investor conference schedule Jun-Jul Jun 16

    ICICI Bank scheduled for J.P. Morgan Asia Pacific Forum (Jun 22), IIFL Invest India (Jun 23-24), and earlier attended BofA, Morgan Stanley, and Citi meets (Jun 1-4).

  • Breakout stock pick by Choice Broking Jun 12

    Sumeet Bagadia recommended ICICI Bank as a breakout buy at ₹1,317 with target ₹1,430 and stop loss ₹1,250 amid range-bound Nifty trading near 23,161.

  • ICICI Prudential MF IDCW payouts Jun 3

    ICICI Prudential declared IDCW of ₹0.07/unit for Balanced Advantage Fund and ₹0.16/unit for Equity & Debt Fund, with June 4 as record date.

  • Joins IEPFA Saksham Niveshak campaign Jun 2

    ICICI Bank published newspaper ads for IEPFA's campaign urging shareholders to claim unpaid dividends and update KYC by July 9, 2026.

  • NIMs bottoming, sector recovery ahead May 30

    Equirus Securities notes NIMs have turned constructive across banks with Q4 marking a bottom, and expects repo hikes in H2 FY27 to be NIM-supportive for private banks.

TL;DR: ICICI Bank delivered a solid Q4 FY26 with profit growth of 8.5% YoY, improving asset quality (GNPA at 1.4%), and 15.8% advance growth, reinforcing its position as a top private sector lender. The SEBI warning on FPI repatriation is a compliance blemish but has no material financial impact. While the stock has underperformed over the past year (-14%), technical indicators and analyst targets (Motilal Oswal TP ₹1,750) suggest recovery potential as NIMs bottom out and credit growth sustains at 14-16%. The trend appears to be inflecting positively with strong institutional activity and sector tailwinds expected through FY27.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue
34,439
37,106
38,938
40,865
42,607
44,582
46,326
47,037
48,387
49,080
48,181
48,364
49,594
Expenses
25,959
21,402
24,560
24,929
30,604
29,387
32,221
33,510
37,588
31,991
35,065
37,154
41,823
Financing Profit
-6,000
-663
-3,530
-3,473
-8,421
-5,927
-8,120
-9,106
-12,248
-6,002
-8,901
-10,664
-14,276
Fin. Margin %
-17%
-2%
-9%
-8%
-20%
-13%
-18%
-19%
-25%
-12%
-18%
-22%
-29%
Other Income
19,735
15,229
18,690
18,615
24,575
22,688
26,617
27,589
31,361
25,496
27,966
28,418
35,020
Interest
14,479
16,368
17,908
19,409
20,424
21,122
22,225
22,633
23,047
23,090
22,017
21,874
22,047
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
13,735
14,566
15,160
15,142
16,154
16,761
18,496
18,483
19,113
19,494
19,065
17,754
20,744
Tax %
25%
24%
25%
26%
26%
26%
25%
25%
25%
26%
25%
24%
25%
Net Profit
10,236
11,014
11,351
11,515
12,200
12,463
13,906
13,847
14,354
14,456
14,318
13,481
15,681
EPS in Rs
14.11
15.2
15.56
15.76
16.62
16.62
18.38
18.25
18.96
19
18.7
17.53
20.61
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
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
Expenses
38,766
52,252
63,841
72,806
83,775
85,361
91,309
80,798
87,864
99,560
1,30,078
1,46,032
Financing Profit
-16,120
-26,955
-37,737
-44,906
-50,971
-45,190
-44,805
-26,558
-17,341
-14,152
-32,775
-39,843
Fin. Margin %
-29%
-45%
-62%
-72%
-71%
-53%
-50%
-28%
-14%
-9%
-18%
-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
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
Depreciation
798
843
912
922
946
1,171
1,340
1,330
1,515
1,935
2,627
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
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
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
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
3,58,946
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
5,03,835
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
17,420
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
20,26,358
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
-13,014
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
49,651
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
171
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 Mar 2026
DIIs 39.95%
FIIs 34.49%
Others 19.48%
Public 5.87%
Government 0.22%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
44.76%
45.10%
44.16%
44.53%
44.38%
43.64%
44.78%
45.47%
46.21%
45.69%
45.82%
46.76%
45.56%
43.87%
34.49%
DIIs
38.97%
38.90%
39.67%
40.94%
41.70%
42.33%
44.79%
44.45%
45.37%
45.25%
45.51%
46.24%
45.34%
44.70%
44.17%
44.95%
44.78%
43.90%
45.06%
46.73%
39.95%
Government
0.43%
0.25%
0.25%
0.24%
0.24%
0.23%
0.24%
0.24%
0.24%
0.25%
0.26%
0.27%
0.28%
0.28%
0.27%
0.27%
0.27%
0.27%
0.27%
0.27%
0.22%
Public
7.65%
7.60%
7.53%
8.01%
8.43%
8.29%
7.89%
7.92%
7.97%
7.73%
7.68%
7.64%
7.45%
7.40%
7.16%
7.14%
7.17%
7.10%
7.19%
7.24%
5.87%
Others
52.95%
53.25%
52.55%
50.81%
49.62%
49.15%
2.31%
2.28%
2.26%
2.24%
2.17%
2.20%
2.15%
2.15%
2.19%
1.95%
1.97%
1.97%
1.93%
1.89%
19.48%
No. of Shareholders
13,78,360
13,60,830
13,85,220
16,42,130
18,79,720
19,28,480
17,97,480
17,80,470
18,33,990
17,68,800
17,90,880
18,02,210
17,85,570
18,03,050
18,12,910
18,45,310
19,02,500
18,75,920
20,20,380
21,39,600
20,82,900

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 Financial Services sector within the Banks industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of ICICI Bank Ltd?
ICICI Bank Ltd has a market capitalisation of approximately ₹995516.48 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of ICICI Bank Ltd?
The Price-to-Earnings (PE) ratio of ICICI Bank Ltd is 18.30. 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 ₹1,500. This range helps investors understand the stock's price volatility and recent trading levels.
Does ICICI Bank Ltd pay dividends?
Yes, ICICI Bank Ltd has a dividend yield of 0.80%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of ICICI Bank Ltd?
ICICI Bank Ltd has a Return on Equity (ROE) of 16.67%. 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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