ICICI Bank’s fundamental analysis highlights key financial metrics, including a market capitalization of ₹8,23,546.53 crore, a PE ratio of 17.68, a debt-to-equity ratio of 6.45, and a return on equity (ROE) of 18.80%. These figures reflect the bank’s financial health and strong market position.
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ICICI Bank Overview
ICICI Bank is a leading Indian financial institution offering a wide range of banking products and services to corporate and retail customers. The bank is known for its innovative banking solutions and extensive network across India.
The company has a market capitalization of ₹8,23,546.53 crore and is listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Currently, the stock is trading close to its 52-week high of ₹1,258, significantly above its 52-week low of ₹899, indicating strong investor confidence. The all-time high of the stock is ₹1,258, while the all-time low is ₹45.9.
ICICI Bank Financial Results
The company demonstrated strong financial growth from FY 22 to FY 24, with total income increasing from ₹1,57,536 crore to ₹2,36,038 crore and profit before tax rising from ₹34,241 crore to ₹60,434 crore. The company maintained a stable PPOP margin and improved EPS over the years.
- Revenue Trend: Total income increased from ₹1,57,536 crore in FY 22 to ₹1,86,179 crore in FY 23, and further to ₹2,36,038 crore in FY 24, indicating robust revenue growth.
- Equity and Liabilities: ICICI Bank’s equity and liabilities structure showcases financial stability and strategic management. The bank effectively balances equity financing and debt to ensure sustainability and capital flexibility for growth initiatives.
- Profitability: Pre-Provision Operating Profit (PPOP) margin slightly decreased from 28.57% in FY 23 to 27.18% in FY 24, compared to 27.43% in FY 22, reflecting consistent operational efficiency.
- Earnings per Share (EPS): EPS increased from ₹36.21 in FY 22 to ₹48.86 in FY 23, and further to ₹63.19 in FY 24, indicating strong profit growth per share.
- Return on Net Worth (RoNW): RoNW improved from 13.94% in FY 22 to 16.13% in FY 23, and further to 17.15% in FY 24, indicating better returns on shareholders’ equity and increasing profitability.
- Financial Position: The bank’s financial position strengthened with profit before tax increasing from ₹34,241 crore in FY 22 to ₹46,256 crore in FY 23, and further to ₹60,434 crore in FY 24, showcasing robust financial health and management.
ICICI Bank Financial Analysis
| FY 24 | FY 23 | FY 22 | |
| Total Income | 2,36,038 | 1,86,179 | 1,57,536 |
| Total Expenses | 1,71,891 | 1,32,982 | 1,14,318 |
| Pre-Provisioning Operating Profit | 64,147 | 53,196 | 43,218 |
| PPOP Margin (%) | 27.18 | 28.57 | 27.43 |
| Provisions and Contingencies | 3,712 | 6,940 | 8,977 |
| Profit Before Tax | 60,434 | 46,256 | 34,241 |
| Tax % | 25.53 | 25.5 | 24.7 |
| Net Profit | 46,081 | 35,461 | 26,538 |
| EPS | 63.19 | 48.86 | 36.21 |
| Net Interest Income | 85,408 | 70,523 | 54,240 |
All values in ₹ Crores.
ICICI Bank Company Metrics
ICICI Bank’s market capitalization stands at ₹8,23,546.53 crore. The bank’s profit before tax increased significantly from ₹34,241 crore in FY 22 to ₹60,434 crore in FY 24, indicating strong operational performance and growing profitability over these years.
Market Capitalization: Represents the total market value of ICICI Bank’s outstanding shares, amounting to ₹8,23,546.53 crore.
Book Value: ICICI Bank has a book value of ₹365 per share, representing the net asset value of the company divided by the number of outstanding shares.
Face Value: The face value of ICICI Bank’s shares is ₹2.00, which is the nominal value of each share as stated on the share certificate.
Asset Turnover: ICICI Bank has an asset turnover ratio of 0.07, indicating the company’s efficiency in using its assets to generate revenue. This low ratio suggests room for improvement in asset utilization.
Total Debt: ICICI Bank has a significant debt of ₹16,51,008 crore, reflecting its financial leverage and obligations. Managing this debt effectively is crucial for the company’s long-term financial stability and growth.
EBITDA: ICICI Bank’s profit before tax increased from ₹34,241 crore in FY 22 to ₹46,256 crore in FY 23, and further to ₹60,434 crore in FY 24, indicating improving operational performance and profitability over these years.
Dividend Yield: ICICI Bank has a dividend yield of 0.86%, reflecting the annual dividend income relative to its current share price.
Earnings per Share (EPS): ICICI Bank has an EPS of ₹64.6, indicating the amount of profit attributed to each outstanding share of common stock, reflecting the company’s profitability for its shareholders.
ICICI Bank Stock Performance
ICICI Bank delivered impressive returns on investment with 23.0% over 1 year, 18.5% over 3 years, and 22.9% over 5 years, highlighting strong long-term performance and consistent profitability for investors.
| Period | Return on Investment (%) |
| 1 Year | 23.0 |
| 3 Years | 18.5 |
| 5 Years | 22.9 |
Example: If an investor had invested ₹1,000 in ICICI Bank’s stock:
1 year ago, their investment would be worth ₹1,230.
3 years ago, their investment would have grown to ₹1,185.
5 years ago, their investment would have increased to approximately ₹1,229.
This highlights strong long-term performance and consistent profitability for investors.
ICICI Bank Peer Comparison
ICICI Bank leads with a 1-year return of 22.96% and a market cap of ₹8,23,868.99 crore. HDFC Bank follows with a market cap of ₹12,75,015.95 crore and a 1-year return of 1.94%. Axis Bank, Kotak Mahindra Bank, IDBI Bank, IndusInd Bank, and Yes Bank also show diverse performance metrics.
| Name | CMP Rs. | Mar Cap Rs.Cr. | P/E | ROE % | EPS 12M Rs. | 1Yr return % | ROCE % | Div Yld % |
| HDFC Bank | 1673.8 | 1275015.95 | 18.68 | 17.14 | 89.75 | 1.94 | 7.67 | 1.17 |
| ICICI Bank | 1170.55 | 823868.99 | 18.21 | 18.8 | 64.56 | 22.96 | 7.6 | 0.86 |
| Axis Bank | 1157.9 | 357920.85 | 13.39 | 18.4 | 86.63 | 21.93 | 7.06 | 0.09 |
| Kotak Mah. Bank | 1789.9 | 355823.39 | 19.15 | 15.06 | 108.22 | -1.22 | 7.86 | 0.11 |
| IDBI Bank | 98 | 105373.45 | 16.75 | 11.77 | 5.85 | 52.44 | 6.23 | 1.52 |
| IndusInd Bank | 1348.75 | 105030.56 | 11.65 | 15.25 | 115.41 | -3.4 | 7.93 | 1.23 |
| Yes Bank | 23.9 | 74892.17 | 51.51 | 3.18 | 0.49 | 40.41 | 5.83 | 0 |
ICICI Bank Shareholding Pattern
ICICI Bank’s shareholding pattern from FY 2023 to FY 2024 shows no promoter holdings. FIIs increased from 44.16% to 44.77%, DIIs slightly decreased from 45.36% to 45.34%, and retail and others’ holdings decreased from 10.47% to 9.88%.
| FY 2024 | FY 2023 | FY 2022 | |
| Promoters | 0 | 0 | 0 |
| FII | 44.77 | 44.16 | 43.95 |
| DII | 45.34 | 45.36 | 44.57 |
| Retail & others | 9.88 | 10.47 | 11.46 |
All values in %
ICICI Bank History
ICICI Bank was established in 1994 by the Industrial Credit and Investment Corporation of India (ICICI) as a wholly-owned subsidiary. The aim was to offer a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels.
In 1998, ICICI Bank became the first Indian bank to be listed on the New York Stock Exchange (NYSE). This listing marked a significant milestone, allowing the bank to access international capital markets and enhance its global presence, thereby attracting foreign investment.
The early 2000s saw ICICI Bank expand aggressively through a series of mergers and acquisitions. Notably, it merged with ICICI Ltd. in 2002, making it the first universal bank in India. This consolidation strengthened its position in the Indian banking sector.
ICICI Bank has been at the forefront of adopting technological advancements. It was one of the pioneers in introducing Internet banking in India, offering a host of online services that significantly improved customer convenience and operational efficiency.
Today, ICICI Bank is one of India’s leading private sector banks, known for its strong retail and corporate banking franchises. It has a vast network of branches and ATMs across the country, catering to millions of customers and playing a crucial role in India’s banking landscape.
How To Invest In ICICI Bank Ltd Share?
Investing in ICICI Bank Ltd shares is a straightforward process:
- Open a Demat Account: Start by opening a Demat and trading account with a reliable brokerage firm like Alice Blue.
- Complete KYC: Submit necessary documents for KYC verification.
- Fund Your Account: Deposit funds into your trading account.
- Buy Shares: Search for ICICI Bank Ltd shares and place your buy order.
ICICI Bank Limited Fundamental Analysis – FAQs
ICICI Bank’s fundamental analysis highlights key financial metrics, including a market capitalization of ₹8,23,546.53 crore, a PE ratio of 17.68, a debt-to-equity ratio of 6.45, and an ROE of 18.80%, reflecting its financial health.
ICICI Bank’s market capitalization is ₹8,23,546.53 crore, indicating the total market value of its outstanding shares and its substantial presence in the financial sector.
ICICI Bank Limited is a leading Indian financial institution offering a wide range of banking and financial services to corporate and retail customers through an extensive network of branches and digital platforms.
ICICI Bank does not have a single owner. It is publicly traded with major shareholders including Foreign Institutional Investors (FIIs), Domestic Institutional Investors (DIIs), and retail investors.
The main shareholders of ICICI Bank include FIIs with 44.77%, DIIs with 45.34%, and retail and other investors holding 9.88%. There are no promoter holdings in the bank.
ICICI Bank operates in the banking and financial services industry, providing a range of products and services including retail banking, corporate banking, investment banking, and wealth management.
To invest in ICICI Bank Ltd shares, open a brokerage account, complete KYC, deposit funds, and purchase shares through the stock exchange using your broker’s platform or app.
Determining if ICICI Bank is overvalued or undervalued requires analyzing its current market price compared to its intrinsic value, considering factors like PE ratio, growth prospects, and industry comparisons. As of now, its PE ratio suggests it might be overvalued based on market conditions and earnings potential.
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