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ICICI Bank Ltd.

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icici.bank.inBSE: 532174NSE: ICICIBANK
Market Cap₹ 9,89,980 Cr.
Current Price
High / Low₹ 1,480 / 1,188
Stock P/E19.0
Book Value₹ 483
Price to Book2.61
Dividend Yield0.87 %
ROCE17.1 %
ROE16.3 %
Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Treasury/Investment Banking: 35.2% • Other Retail Banking-Retail Banking: 30.0% • Wholesale Banking: 22.3%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence
84%
View full sector analysis →

PROS

  • Company has delivered good profit growth of 25.4% CAGR over last 5 years
  • Strong return ratios for a lender: 3Y avg ROE 17.8%, ROA 2.3%
  • Comfortable capital adequacy - CAR of 17.2%
  • Solid return on assets for a lender - ROA of 2.2%
  • Asset quality is healthy - gross NPA of just 1.4%

CONS

  • A large part of profit comes from other income (46.4% of PBT)
  • Growth is decelerating - 3Y profit CAGR (16.3%) trails the 5Y trend (25.4%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesBankBank - Private
Part ofNIFTY BANKNIFTY 50NIFTYLARGEMIDCAP250NIFTY PVT BANKNIFTY100 LOWVOL30
S.No.Name
1.HDFCBANK708.0013.811091323.882.19203826.901092.64905753.30936.6612.8135.64
2.ICICIBANK1379.1517.65989980.040.8716209.7412.6252240.856.4416.5132.39
3.KOTAKBANK418.7020.52416508.360.165487.0623.8918354.576.4112.0519.05
4.AXISBANK1247.5013.98388399.910.087656.5122.3135541.969.8711.0463.88
5.IDBI83.449.6389718.040.002130.575.277549.287.4414.7676.80
6.FEDERALBNK344.4018.1885149.330.351297.6137.067861.589.9410.9866.11
7.AUBANK1058.0043.5779454.720.097959.531270.3153027.421111.1014.1756.24
8.INDUSINDBK977.8057.6176184.770.151037.0271.6811309.94-7.784.9755.07
9.IDFCFIRSTB86.2032.2474319.140.291147.82153.1211051.0914.615.4238.45
10.YESBANK23.4719.5273668.680.001071.8132.538054.495.928.0458.47
11.RBLBANK412.8071.2164022.780.242342.30993.4138402.401015.976.4940.95
12.KARURVYSYA333.8511.7632273.730.78755.7044.923049.4218.7223.6271.82
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
33,32834,92036,69537,94838,99640,53741,30042,43142,94741,75841,96643,27545,671
Interest Expended15,10116,61218,01618,85619,44320,48920,92921,23821,31220,22820,03420,29621,286
Net Interest Income18,22618,30818,67919,09319,55320,04820,37121,19321,63421,52921,93222,97924,384
5,4355,7776,0975,6497,0027,1777,0687,2608,5057,5767,3687,3098,576
Total Income38,76340,6970067,2707,29,4267,46,2667,97,47874,5767,61,4667,67,8218,46,13754,247
Operating Expenses9,5239,85510,0529,70310,53010,50110,55210,78911,39411,80711,94412,08912,574
Operating Profit14,13914,22914,72415,03916,02516,72316,88717,66418,74617,29817,35618,19920,386
Provisions & Contingencies1,2925831,0497181,3321,2331,2278911,8159142,556961,260
Profit before Tax12,84713,64713,67414,32014,69315,49015,66016,77416,93116,38414,80018,10319,126
Tax %24.90%24.81%24.88%25.23%24.73%24.17%24.70%24.71%24.59%24.57%23.53%24.31%22.59%
Net Profit9,64810,26110,27210,70811,05911,74611,79212,63012,76812,35911,31813,70214,804
EPS1415151516171718181716192

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
00000001,42,8911,63,2641,69,946—
Interest Expended32,41931,94036,38641,53140,12938,90847,10368,58582,09981,87181,845
Net Interest Income-32,419-31,940-36,386-41,531-40,129-38,908-47,10374,30681,16488,075—
19,50417,42014,51216,44918,96918,51819,83122,95828,50730,75830,829
Total Income00000001,65,8491,91,7702,00,70424,29,670
000000039,13342,37247,234—
Operating Profit-32,419-31,940-36,386-41,531-40,129-38,908-47,10358,13167,29971,599—
15,29516,12217,16710,12610,6416,5416773,6434,6835,380—
Profit before Tax11,2797,4353,77714,04820,18330,60942,42154,48862,61666,21868,413
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%24.96%24.58%24.27%23.72%
Net Profit9,8016,7773,3637,93116,19323,33931,89640,88847,22750,14752,183
EPS1510512243345586670—

COMPOUNDED SALES GROWTH

10 Years:
12%
5 Years:
17%
3 Years:
16%

COMPOUNDED PROFIT GROWTH

10 Years:
18%
5 Years:
25%
3 Years:
16%

STOCK PRICE CAGR

10 Years:
19%
5 Years:
14%
3 Years:
12%
1 Year:
-2%

RETURN ON EQUITY

10 Years:
13%
5 Years:
17%
3 Years:
18%
Last Year:
16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2017

Jun 20

1:10

Bonus issue

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
LIABILITIES----------
Equity Capital1,1651,2861,2891,2951,3831,3901,3971,4041,4241,432
98,7801,03,8681,07,0741,15,2061,46,1231,68,8561,98,5582,35,5892,88,5823,33,257
4,90,0395,60,9756,52,9207,70,9699,32,52210,64,57211,80,84114,12,82516,10,34817,94,625
1,47,5561,82,8591,65,3201,62,89791,6311,07,2311,19,3251,24,9681,23,5381,24,994
Other Liabilities & Provisions34,24530,19637,85147,99558,77068,98383,32595,32392,2771,15,540
Total Liabilities7,71,7918,79,1899,64,45910,98,36512,30,43314,11,29815,84,20718721223,72,531
ASSETS----------
31,70233,10237,85835,28446,0311,09,52368,52689,7121,19,9281,21,024
Balances with Banks & Money at Call44,01151,06742,43883,87287,09758,30050,91250,21465,6341,09,311
1,61,5072,02,9942,07,7332,49,5312,81,2873,10,2413,62,3304,61,9425,04,7574,92,217
4,64,2325,12,3955,86,6476,45,2907,33,7298,59,02010,19,63811,84,40613,41,76615,53,893
7,8057,9047,9318,4108,8789,3749,60010,86012,83913,922
62,53571,72781,85275,97873,41164,84073,20074,38073,31682,163
Total Assets7,71,7918,79,1899,64,45910,98,36512,30,43314,11,29815,84,20718721223,72,531

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
39,22313,30438,41978,4491,24,09355,0477,69081,6571,22,35764,726
Cash from Investing7,045-38,969-23,875-37,107-53,491-35,035-65,751-62,649-69,582-16,328
Cash from Financing-30,37934,118-18,251-2,645-55,93514,8689,4261,076-7,296-4,573
15,8898,453-3,70838,69714,66734,880-48,63520,08445,47943,825

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
PER SHARE
EPS (₹)16.8310.545.2212.2523.4133.5945.6858.2366.3170.04
Book Value (₹)166.37158.91163.38175.17208.81240.40281.97333.09401.95462.01
Dividend per Share (₹)2.501.501.000.002.005.008.0010.0011.0012.00
PROFITABILITY
Net Interest Margin %0.00%2.88%0.00%0.00%0.00%0.00%0.00%4.16%3.99%3.87%
ROA %1.31%0.82%0.36%0.77%1.39%1.77%2.13%2.37%2.37%2.23%
ROE %10.66%6.81%3.24%7.25%12.56%14.99%17.53%18.98%18.16%16.25%
0.00%38.83%0.00%0.00%0.00%0.00%0.00%40.23%38.64%39.75%
ASSET QUALITY
Gross NPA %0.00%0.00%0.00%0.00%0.00%3.76%2.87%2.55%0.00%1.75%
Net NPA %0.00%0.00%0.00%0.00%0.00%0.81%0.51%0.45%0.00%0.44%
Provision Coverage %0.00%0.00%0.00%0.00%0.00%79.20%82.80%82.60%0.00%75.30%
Slippage Ratio %——————————
BALANCE SHEET & LIQUIDITY
CASA %0.00%51.68%0.00%0.00%0.00%0.00%0.00%42.18%41.84%41.43%
Credit-Deposit Ratio %0.00%0.33%0.00%0.00%0.00%0.00%0.00%0.09%0.08%0.07%
0.00%18.42%0.00%0.00%0.00%0.00%0.00%16.33%16.55%17.18%
GROWTH & VALUATION
Net Profit Growth %0.77%-30.85%-50.37%135.80%104.17%44.14%36.66%28.19%15.50%6.18%
Book Value Growth %0.00%-4.48%0.00%0.00%0.00%0.00%0.00%18.13%20.67%14.94%
P/E (x)0.00x26.40x0.00x0.00x0.00x0.00x0.00x18.82x20.33x17.21x
P/B (x)0.00x1.75x0.00x0.00x0.00x0.00x0.00x3.29x3.35x2.61x
0.00%0.54%0.00%0.00%0.00%0.00%0.00%0.91%0.82%1.00%

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters0.000.000.000.000.000.000.000.000.00
45.4746.2145.6945.8246.7645.5543.8734.4833.79
44.4543.9344.7144.7243.8645.0046.6839.8942.27
0.280.270.270.270.270.270.270.220.22
9.799.599.339.189.129.189.197.407.70

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11
ESOP/ESOS/ESPS

2026-09-11 - ICICI Bank Limited has informed the Exchange regarding Allotment of 336265 Shares.

2026-09-09
General Updates

2026-09-09 - ICICI Bank Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

2026-09-08
ESOP/ESOS/ESPS

2026-09-08 - ICICI Bank Limited has informed the Exchange regarding Allotment of 437638 Shares.

2026-09-07
General Updates

2026-09-07 - ICICI Bank Limited has informed the Exchange about Disclosure under Regulation 30 read with para A of Schedule III and Regulation 46(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

2026-09-05
General Updates

2026-09-05 - ICICI Bank Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

2026-09-04
ESOP/ESOS/ESPS

2026-09-04 - ICICI Bank Limited has informed the Exchange regarding Allotment of 38512 Shares.

2026-09-03
General Updates

2026-09-03 - ICICI Bank Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - In continuation to our earlier letter dated August 31, 2026, please note that ICICI Bank Limited (Bank), acting through its IFSC Banking Unit, has today completed the issuance of USD 500 million Senior Unsecured Fixed Rate Notes (Notes) under the USD 7.5 billion Global Medium Term Note Programme of the Bank. The Notes are rated BBB by S&P Global Ratings and Baa3 by Moody s Ratings. The Notes will be listed at Global Securities Market of the India International Exchange IFSC Limited, Debt Securities Market of the NSE IFSC Limited and SGX-ST.

2026-09-02
General Updates

2026-09-02 - Disclosure under Regulation 30 read with para A of Schedule III and Regulation 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

2026-09-02
General Updates

2026-09-02 - ICICI Bank Limited has informed the Exchange about disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

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