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ICICI Bank

ICICIBANK NSE
₹1,424.10 No trade today
P/E
17.28
View as Markdown
MCP
Close 4 Nov 2026 ₹1,424.10 +103.70 +7.85% 1Y
Start ₹1,320.40

Key Fundamentals

LargecapBanksFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

EPS (TTM)
₹82.41
Book Value
₹534.34
Market Cap
—
P/E (TTM)
17.28
P/B
2.67
ROE
15.90%
Dividend Yield
0.84%
52W High
₹1,480.00
52W Low
₹1,187.60
Volume
0
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
Debt to Equity
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › Banks › Private Bank › Private Sector Bank

ICICI Bank peer comparison
HDFC Bank
₹736.7014.16₹11,37,598 Cr1.882.48%13.60%—₹3,59,956 Cr₹83,685 Cr
ICICI Bank (this company)
₹1,424.1017.28₹10,25,874 Cr2.670.84%15.90%—₹2,06,190 Cr₹62,827 Cr
Kotak Bank
₹459.4021.29₹4,58,686 Cr2.350.14%11.40%—₹73,545 Cr₹21,472 Cr
Axis Bank
₹1,232.0012.79₹3,83,779 Cr1.670.08%13.10%—₹1,41,510 Cr₹30,038 Cr
IDBI Bank
₹79.2910.26₹83,815 Cr1.322.70%14.10%—₹30,953 Cr₹8,329 Cr
Federal Bank
₹335.2015.94₹81,875 Cr2.010.36%11.60%—₹31,552 Cr₹5,387 Cr
Indusind Bank
₹865.1550.98₹66,694 Cr1.000.18%1.36%—₹45,297 Cr₹1,322 Cr
Median 7 companies₹736.7015.94₹3,83,779 Cr1.880.36%13.10%—₹73,545 Cr₹21,472 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

55 Good

Data confidence 100/100

Category scores

Quality
70
Strong
Returns, margins, earnings quality 22% weight
Valuation
27
Poor
Cheap vs sector & own history 24% weight
Growth
55
Good
Sales & profit trajectory 9% weight
Financial Health
99
Strong
Solvency, leverage, coverage 9% weight
Momentum
62
Good
Trend strength, vol-adjusted 12% weight
Ownership
51
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

6
  • Stock is trading at 2.56 times its book value
  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.65,46,110 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.1,23,056 Cr.
  • Working capital days have increased from 55.4 days to 108 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish3313
OscillatorsNeutral333
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
61.92
Neutral
MACD (12,26,9)
12.58
Bullish
SMA (50)
1,378.03
Bullish
SMA (200)
1,354.38
Bullish

As of

Analyst Rating

Based on 40 analysts
BUY100%

40 of 40 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
40
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+12.66%
5Y+16.97%
3Y+17.26%
1Y+4.77%
TTM+7.01%

Net profit

Net profit growth by window
10Y+18.15%
5Y+23.26%
3Y+17.78%
1Y+6.17%
TTM+10.27%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹60,940 Cr
Mar 2018₹62,162 Cr
Mar 2019₹71,982 Cr
Mar 2020₹84,836 Cr
Mar 2021₹89,163 Cr
Mar 2022₹95,407 Cr
Mar 2023₹1,21,067 Cr
Mar 2024₹1,59,516 Cr
Mar 2025₹1,86,331 Cr
Mar 2026₹1,95,218 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹11,340 Cr
Mar 2018₹9,100 Cr
Mar 2019₹5,689 Cr
Mar 2020₹11,225 Cr
Mar 2021₹20,364 Cr
Mar 2022₹26,538 Cr
Mar 2023₹35,461 Cr
Mar 2024₹46,081 Cr
Mar 2025₹54,569 Cr
Mar 2026₹57,936 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EPS
₹21.00 −7.8% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk medium

ICICI Bank Ltd trades at a price of ₹1,398 as of 2026-10-30 with a market cap of approximately ₹10,00,000 Cr, a trailing PE of 16.96 and a price-to-book of 2.62. The bank has delivered a 10-year compounded profit growth of 18% and a 5-year compounded sales growth of 17%, though recent TTM profit growth has moderated to 11% and TTM sales growth to 7%.

Bull Case 7
  • Strong long-term profit compounding at 18% over 10 years demonstrates consistent earnings power across economic cycles
  • 5-year compounded sales growth of 17% indicates sustained business expansion and loan book growth
  • Return on equity averaged 17% over the last 3 and 5 years, well above the cost of equity for most large banks
  • Trailing PE of 16.96 is reasonable for a large-cap private bank that has delivered 5-year profit CAGR of 24%
  • Stock is trading 5.5% below its 52-week high of ₹1,480, suggesting relative resilience in the current market
  • 10-year stock CAGR of 19% reflects long-term wealth creation for shareholders, outpacing broad market indices over the same period
  • 3-year compounded sales and profit growth are both at 17%, indicating balanced top-line and bottom-line expansion without margin erosion over that window
Bear Case 7
  • TTM profit growth has decelerated sharply to 11% from the 5-year CAGR of 24%, signalling a potential growth slowdown
  • Contingent liabilities stand at a substantial ₹65,46,110 Cr, which poses a material risk if even a fraction crystallises
  • Earnings include other income of ₹1,23,056 Cr, raising questions about the quality and sustainability of core operating profit
  • Working capital days have nearly doubled from 55.4 days to 108 days, suggesting deterioration in asset-side efficiency or funding mismatches
  • Low interest coverage ratio indicates vulnerability to rising funding costs or a squeeze in net interest margins
  • 1-year stock CAGR of -1% shows the market has offered no returns over the recent period despite the bank's earnings growth
  • Dividend yield of just 0.87% provides minimal income cushion for investors during periods of price stagnation

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

AI News Digest

10h ago

TL;DR: ICICI Bank delivered a strong Q2FY27 with 20.1% profit growth, 30% loan expansion, and improving asset quality at 1.20% GNPA, all while maintaining tight cost discipline with a 38.1% cost-to-income ratio. The key risk is sustained NIM compression, now at 4.18% and guided lower for Q3, driven by FCNR(B) deposit costs and a declining CASA mix. Management is consciously trading margin for balance sheet growth, a strategy that remains earnings-accretive for now but bears monitoring. With unanimous buy ratings from all 53 analysts and capital buffers well above regulatory minimums, the trend remains constructive provided credit costs stay benign and deposit repricing stabilises.

Headwinds 4
  • NIM compression continues Oct 17

    Net interest margin fell to 4.18% in Q2FY27 from 4.36% in Q1 and 4.30% a year ago, driven by rising deposit costs and FCNR(B) mobilisation. Management guided for likely further NIM dip in Q3.

  • Treasury loss drags income Oct 17

    The bank recorded a ₹230 crore treasury loss in Q2FY27 versus ₹220 crore income in Q2FY26, due to rising government securities yields.

  • CASA ratio declining Oct 17

    Average CASA ratio fell to 35.8% from 38.1% in Q1, as term deposits grew 28% YoY while CASA balances grew only 10.7%, pressuring funding costs.

Positives 6
  • Q2 profit beats estimates at ₹14,843 Cr Oct 17

    Standalone PAT rose 20.1% YoY to ₹14,843 crore, beating the consensus estimate of ~₹14,280-14,366 crore. Core operating profit grew 21.8% YoY to ₹20,805 crore.

  • Robust loan and deposit growth Oct 17

    Total advances grew 30% YoY to ₹18.32 lakh crore and deposits rose 27.1% to ₹20.50 lakh crore. Excluding FCNR(B), loan growth was 24.1% and deposit growth 17%.

  • Asset quality improving sharply Oct 17

    Gross NPA ratio improved to 1.20% from 1.58% a year ago; net NPA fell to 0.30%. Fresh slippages declined 13% QoQ to ₹4,833 crore while recoveries rose to ₹3,620 crore.

Neutral 3
  • GST penalty reduced on appeal Nov 1

    Telangana appellate authority reduced ICICI Bank's GST penalty to ₹6.95 lakh from the original ₹13.56 lakh. The bank plans to contest further.

  • Block and large trades flagged Oct 12

    Multiple large trades were flagged across Oct 6-21, including a ₹112.77 crore NSE block deal at ₹1,396.60 per share and ₹135.34 crore at ₹1,340.70 per share.

  • Amazon Pay co-branded card details Oct 24

    The Amazon Pay ICICI Bank lifetime-free credit card offers 1-5% cashback depending on Prime status, with no joining or annual fees. Invite-only eligibility applies.

Quarterly Results

₹ Cr
ICICIBANK quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue
38,938
40,865
42,607
44,582
46,326
47,037
48,387
49,080
48,181
48,364
49,594
52,241
55,992
Expenses
24,560
24,929
30,604
29,387
32,221
33,510
37,588
31,991
35,065
37,154
41,823
35,318
39,390
Financing Profit
−3,530
−3,473
−8,421
−5,927
−8,120
−9,106
−12,248
−6,002
−8,901
−10,664
−14,276
−6,141
−9,055
Fin. Margin %
−9%
−8%
−20%
−13%
−18%
−19%
−25%
−12%
−18%
−22%
−29%
−12%
−16%
Other Income
18,690
18,615
24,575
22,688
26,617
27,589
31,361
25,496
27,966
28,418
35,020
27,448
32,169
Interest
17,908
19,409
20,424
21,122
22,225
22,633
23,047
23,090
22,017
21,874
22,047
23,064
25,656
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
15,160
15,142
16,154
16,761
18,496
18,483
19,113
19,494
19,065
17,754
20,744
21,307
23,115
Tax %
25%
26%
26%
26%
25%
25%
25%
26%
25%
24%
25%
24%
25%
Net Profit
11,351
11,515
12,200
12,463
13,906
13,847
14,323
14,394
14,256
13,481
15,612
16,210
17,312
EPS (₹)
15.56
15.76
16.62
16.62
18.38
18.25
18.96
19
18.7
17.53
20.61
21.52
22.75

Profit & Loss

₹ Cr
ICICIBANK profit and loss, annual, ₹ crore
Particulars 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
2,06,190
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
1,53,685
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
−40,136
Fin. Margin %
−29%
−45%
−62%
−72%
−71%
−53%
−50%
−28%
−14%
−9%
−18%
−19%
−19%
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
1,23,056
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
92,641
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
82,920
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
54,419
57,673
62,827
EPS (₹)
19.2
15.92
15.9
12
6.6
14.78
26.58
36.14
48.74
63.02
71.65
75.71
82.41
Div. Payout %
24%
29%
14%
12%
15%
0%
8%
14%
16%
16%
15%
16%
—

Balance Sheet

₹ Cr
ICICIBANK balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 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
1,436
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
3,86,226
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
2,95,561
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
20,91,539
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
5,18,191
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
32,92,953
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
17,540
CWIP
0
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
9,48,728
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
23,26,686
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
32,92,953

Cash Flow

₹ Cr
ICICIBANK cash flow, annual, ₹ crore
Particulars 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

Ratios

ICICIBANK financial ratios, annual
Particulars 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%

Insights

Beta

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

Log in to view ICICI Bank insights

89 extracted metrics across FY06–FY27.

Shareholding Pattern

As of Sep 2026

  • FIIs 50.44%
  • DIIs 41.78%
  • Public 5.98%
  • Others 1.58%
  • Government 0.22%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about ICICI Bank

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.
Where is ICICI Bank Ltd (ICICIBANK) listed?
ICICI Bank Ltd trades as ICICIBANK on the NSE and under code 532174 on the BSE.
Which sector does ICICI Bank Ltd belong to?
ICICI Bank Ltd is classified under the Banks sector, in the Private Bank industry.
What is the PE ratio of ICICI Bank Ltd?
ICICI Bank Ltd trades at a PE ratio of 17.28 as of 4 Nov 2026, on earnings per share of ₹82.41, against a book value of ₹534.34 per share.
What is the 52-week high and low of ICICI Bank Ltd?
Over the last 52 weeks ICICI Bank Ltd has traded between ₹1,187.6 and ₹1,480 as of 4 Nov 2026.
Does ICICI Bank Ltd pay dividends?
ICICI Bank Ltd has a dividend yield of 0.84%.
What is the Return on Equity (ROE) of ICICI Bank Ltd?
ICICI Bank Ltd reported a return on equity of 15.90%.

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.

Website icicibank.com
CEO Mr. Sandeep Bakhshi B.E.
Employees 1,82,665
Listed 17 Sep 1997
Face Value ₹2

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