Fundamental Analysis of ICICI Bank Ltd

About the Company - ICICI Bank Ltd

ICICI Bank Ltd. is a Public Limited Listed company incorporated on 05/01/1994 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L65190GJ1994PLC021012 and registration number is 021012. Currently Company is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is Rs. 86374.55 Cr. and Equity Capital is Rs. 1389.97 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Finance - Banks - Private Sector	ICICI Bank Tower, Near Chakli Circle, Vadodra Gujarat 390007	investor@icicibank.com http://www.icicibank.com

Management
Name	Position Held
Mr. Girish Chandra Chaturvedi	Non Exe.Part Time Chairman
Mr. Sandeep Bakhshi	Managing Director & CEO
Mr. Sandeep Batra	Executive Director
Mr. Rakesh Jha	Executive Director
Ms. Neelam Dhawan	Independent Director
Mr. Uday Chitale	Independent Director
Mr. Radhakrishnan Nair	Independent Director
Mr. Hari L Mundra	Independent Director
Mr. B Sriram	Independent Director
Ms. Vibha Paul Rishi	Independent Director
Mr. S Madhavan	Independent Director

Basic Stock Data of ICICI Bank Ltd

Last Updated: July 6, 2024, 12:02 pm

Market Cap	8,67,843 Cr.
Current Price	1,233
High / Low	1,243/899
Stock P/E	19.6
Book Value	307
Dividend Yield	0.81 %
ROCE	8.37 %
ROE	20.6 %
Face Value	2.00
PEG Ratio	0.60

ICICI Bank Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Revenue	22,214	22,300	22,615	23,478	24,314	24,999	26,159	28,850	31,619	34,439	37,106	38,938	40,865
Interest	10,412	9,955	10,068	10,093	10,372	10,634	11,089	11,997	12,978	14,479	16,368	17,908	19,409
Expenses	22,484	26,656	18,842	21,041	20,470	21,775	18,137	22,336	22,946	25,959	21,402	24,560	24,929
Financing Profit	-10,683	-14,311	-6,294	-7,656	-6,528	-7,410	-3,068	-5,483	-4,305	-6,000	-663	-3,530	-3,473
Financing Margin %	-48%	-64%	-28%	-33%	-27%	-30%	-12%	-19%	-14%	-17%	-2%	-9%	-8%
Other Income	18,241	21,322	12,737	16,261	15,745	18,013	13,271	16,634	16,470	19,735	15,229	18,690	18,874
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	7,558	7,010	6,443	8,606	9,216	10,604	10,203	11,151	12,165	13,735	14,566	15,160	15,402
Tax %	20%	24%	26%	24%	24%	24%	25%	25%	25%	25%	24%	25%	25%
Net Profit	6,020	5,331	4,919	6,571	6,960	8,089	7,698	8,361	9,166	10,236	11,014	11,351	11,515
EPS in Rs	7.96	7.07	6.88	8.78	9.41	11.11	10.62	11.49	12.60	14.11	15.20	15.56	15.76
Gross NPA %
Net NPA %

Last Updated: June 11, 2024, 2:49 am

ICICI Bank Ltd Quarterly Chart

ICICI Bank Ltd Profit & Loss

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Revenue	37,995	44,885	49,479	54,964	59,294	60,940	62,162	71,982	84,836	89,163	95,407	121,067	151,348
Interest	25,013	28,285	29,711	32,318	33,996	34,836	34,262	39,178	44,666	42,659	41,167	50,543	68,164
Expenses	30,293	31,684	32,852	38,766	52,252	63,841	72,806	83,775	85,361	91,309	80,798	87,864	96,850
Financing Profit	-17,311	-15,085	-13,084	-16,120	-26,955	-37,737	-44,906	-50,971	-45,190	-44,805	-26,558	-17,341	-13,666
Financing Margin %	-46%	-34%	-26%	-29%	-45%	-62%	-72%	-71%	-53%	-50%	-28%	-14%	-9%
Other Income	28,663	29,320	30,085	35,252	42,102	52,458	56,807	59,325	64,950	72,030	62,129	65,112	72,528
Depreciation	671	625	719	798	843	912	922	946	1,171	1,340	1,330	1,515	0
Profit before tax	10,680	13,610	16,282	18,334	14,304	13,809	10,978	7,408	18,589	25,884	34,241	46,256	58,862
Tax %	26%	26%	28%	29%	24%	18%	17%	23%	40%	22%	25%	26%
Net Profit	7,938	10,130	11,677	12,942	10,927	11,340	9,100	5,689	11,225	20,364	26,538	35,461	44,117
EPS in Rs	12.06	15.14	17.38	19.20	15.92	15.90	12.00	6.60	14.78	26.58	36.14	48.74	60.63
Dividend Payout %	25%	24%	24%	24%	29%	14%	12%	15%	0%	8%	14%	16%

ICICI Bank Ltd Profit & Loss Yearly Chart

ICICI Bank Ltd Growth

Compounded Sales Growth
10 Years:	12%
5 Years:	17%
3 Years:	21%
TTM:	32%

Compounded Profit Growth
10 Years:	15%
5 Years:	60%
3 Years:	34%
TTM:	30%

Stock Price CAGR
10 Years:	16%
5 Years:	22%
3 Years:	23%
1 Year:	26%

Return on Equity
10 Years:	13%
5 Years:	16%
3 Years:	18%
Last Year:	21%

Last Updated: July 2, 2024, 4:55 pm

ICICI Bank Ltd Balance Sheet

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	1,153	1,154	1,155	1,160	1,163	1,165	1,286	1,289	1,295	1,383	1,390	1,397
Reserves	60,124	67,609	75,275	83,545	92,948	103,467	109,344	112,964	121,665	156,204	180,663	213,101
Borrowings	443,247	487,659	543,055	597,207	671,455	700,874	815,198	891,641	1,014,636	1,103,840	1,252,968	1,399,894
Other Liabilities	114,763	118,401	128,278	144,167	153,190	180,219	198,453	232,899	239,696	312,385	317,616	344,099
Total Liabilities	619,287	674,822	747,762	826,079	918,756	985,725	1,124,281	1,238,794	1,377,292	1,573,812	1,752,637	1,958,490
Fixed Assets	5,432	5,473	5,507	5,871	8,713	9,338	9,465	9,660	10,409	10,917	10,707	11,070
CWIP	0	0	0	0	0	0	0	0	0	0	0	0
Investments	239,864	255,667	267,609	274,311	286,044	304,373	372,208	398,201	443,473	536,579	567,098	639,552
Other Assets	373,991	413,682	474,646	545,897	623,999	672,013	742,608	830,933	923,411	1,026,317	1,174,833	1,307,868
Total Assets	619,287	674,822	747,762	826,079	918,756	985,725	1,124,281	1,238,794	1,377,292	1,573,812	1,752,637	1,958,490

ICICI Bank Ltd Reserves and Borrowings Chart

ICICI Bank Ltd Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity	-6,405	17,494	6,765	-12,273	23,645	52,636	19,383	48,671	79,565	138,015	58,111	-3,771
Cash from Investing Activity	-21,263	-18,563	-15,750	-13,175	-12,060	-1,711	-50,551	-30,282	-42,095	-63,631	-39,448	-67,689
Cash from Financing Activity	29,439	9,283	7,872	24,827	5,814	-35,470	39,676	-19,997	2,992	-54,667	17,451	24,791
Net Cash Flow	1,771	8,215	-1,113	-621	17,399	15,455	8,508	-1,608	40,462	19,718	36,114	-46,669

ICICI Bank Ltd Financial Efficiency Indicators

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
ROE %	13%	15%	15%	15%	11%	10%	7%	4%	8%	13%	15%	17%

ICICI Bank Ltd Financial Efficiency Indicators Chart

ICICI Bank Ltd Share Holding Pattern

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
FIIs	47.46%	47.81%	48.03%	47.31%	45.30%	43.95%	43.54%	44.77%	45.11%	44.16%	44.53%	44.39%
DIIs	42.46%	41.70%	41.70%	42.49%	43.75%	44.58%	45.33%	44.55%	44.18%	45.11%	45.00%	45.27%
Government	0.42%	0.43%	0.25%	0.25%	0.24%	0.24%	0.23%	0.24%	0.24%	0.24%	0.25%	0.26%
Public	9.66%	10.06%	10.02%	9.95%	10.70%	11.23%	10.89%	10.44%	10.46%	10.48%	10.22%	10.09%
No. of Shareholders	12,66,791	13,78,360	13,60,832	13,85,218	16,42,131	18,79,722	19,28,477	17,97,478	17,80,472	18,33,994	17,68,795	17,90,879

ICICI Bank Ltd Shareholding Pattern Chart

No. of ICICI Bank Ltd Shareholders

ICICI Bank Ltd Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Nifty 50 ETF	129,967,136	7.65	11896.54	39,500,000	2024-07-05	229.03%
SBI S&P BSE Sensex ETF	91,483,692	8.8	8374.42	39,500,000	2024-07-05	131.6%
ICICI Prudential Bluechip Fund	40,518,440	8.99	3708.86	39,500,000	2024-07-05	2.58%
HDFC Flexi Cap Fund - Regular Plan	39,500,000	9.18	3615.63	39,500,000	2024-07-05	0%
SBI Equity Hybrid Fund	38,000,000	5.87	3478.33	39,500,000	2024-07-05	-3.8%
Mirae Asset Large Cap Fund	35,739,848	9.52	3271.45	39,500,000	2024-07-05	-9.52%
Kotak Flexicap Fund - Regular Plan	32,900,000	7.67	3011.5	39,500,000	2024-07-05	-16.71%
SBI Blue Chip Fund	32,053,104	7.6	2933.98	39,500,000	2024-07-05	-18.85%
HDFC Balanced Advantage Fund - Regular Plan	28,746,724	4.11	2631.33	39,500,000	2024-07-05	-27.22%
Axis Bluechip Fund	27,849,000	8.29	2549.16	39,500,000	2024-07-05	-29.5%

ICICI Bank Ltd ROCE Trend

ICICI Bank Ltd EPS Trend

ICICI Bank Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
Face Value	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	63.19	48.86	36.21	27.26	14.81
Diluted EPS (Rs.)	61.96	47.84	35.44	26.83	14.55
Cash EPS (Rs.)	64.08	51.52	39.01	31.17	19.15
Book Value[Excl.RevalReserv]/Share (Rs.)	384.48	302.71	257.31	223.31	185.08
Book Value[Incl.RevalReserv]/Share (Rs.)	384.48	307.13	261.95	227.82	189.93
Operating Revenue / Share (Rs.)	227.12	173.35	137.28	128.90	131.04
Net Profit / Share (Rs.)	64.08	49.35	37.10	29.23	17.34
Net Profit After MI / Share (Rs.)	68.21	48.74	36.13	26.58	14.78
Net Profit Margin (%)	28.21	28.46	27.02	22.67	13.23
Net Profit After MI And SOA Nargin (%)	30.03	28.11	26.31	20.61	11.27
Operating Profit Margin (%)	-19.75	-25.31	-38.09	-58.10	-63.32
Return On Assets (%)	2.02	1.73	1.43	1.16	0.69
Return On Equity / Networth (%)	17.74	16.10	14.04	11.90	7.98
Net Interest Margin (X)	3.61	3.60	3.09	2.95	2.91
Cost To Income (%)	49.53	54.34	57.50	60.99	62.68
Interest Income / Total Assets (%)	6.74	6.18	5.44	5.66	6.15
Non-Interest Income / Total Assets (%)	3.23	3.32	3.54	4.57	4.71
Operating Profit / Total Assets (%)	-1.33	-1.56	-2.07	-3.29	-3.90
Operating Expenses / Total Assets (%)	4.13	4.20	4.17	4.84	5.19
Interest Expenses / Total Assets (%)	3.13	2.58	2.34	2.71	3.24
Enterprise Value (Rs.Cr.)	2330724.22	1943870.53	1700251.18	1459591.40	1189399.91
EV Per Net Sales (X)	14.61	16.06	17.82	16.37	14.02
Price To Book Value (X)	2.85	2.90	2.84	2.60	1.75
Price To Sales (X)	4.82	5.06	5.32	4.51	2.48
Retention Ratios (%)	100.00	89.77	94.48	100.00	93.25
Earnings Yield (X)	0.06	0.05	0.04	0.04	0.04

ICICI Bank Ltd Profitability Ratios (%)

ICICI Bank Ltd Liquidity Ratios

ICICI Bank Ltd Liquidity Ratios (%)

ICICI Bank Ltd Interest Coverage Ratios (%)

ICICI Bank Ltd Valuation Ratios

Fair Value

Fair Value: 1,249.58

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 1.34% compared to the current price 1233

Intrinsic Value: 1,657.17

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 34.40% compared to the current price ₹1233

Last 5 Year EPS CAGR: 32.62%

*Investments are subject to market risks

Strength and Weakness of ICICI Bank Ltd Stock

Unable to fetch valid data for stock valuation.

FAQ

What is the latest fair value of ICICI Bank Ltd?

The latest fair value of ICICI Bank Ltd is ₹1249.58.

What is the Market Cap of ICICI Bank Ltd?

The Market Cap of ICICI Bank Ltd is 8,67,843 Cr..

What is the current Stock Price of ICICI Bank Ltd as on 06 July 2024?

The current stock price of ICICI Bank Ltd as on 06 July 2024 is 1,233.

What is the High / Low of ICICI Bank Ltd stocks in FY 2024?

In FY 2024, the High / Low of ICICI Bank Ltd stocks is 1,243/899.

What is the Stock P/E of ICICI Bank Ltd?

The Stock P/E of ICICI Bank Ltd is 19.6.

What is the Book Value of ICICI Bank Ltd?

The Book Value of ICICI Bank Ltd is 307.

What is the Dividend Yield of ICICI Bank Ltd?

The Dividend Yield of ICICI Bank Ltd is 0.81 %.

What is the ROCE of ICICI Bank Ltd?

The ROCE of ICICI Bank Ltd is 8.37 %.

What is the ROE of ICICI Bank Ltd?

The ROE of ICICI Bank Ltd is 20.6 %.

What is the Face Value of ICICI Bank Ltd?

The Face Value of ICICI Bank Ltd is 2.00.