ICICI Bank Limited IBN
- Market cap
- $100.1B
- P/E
- 17.2×
Follow IBN
Target Price Range
Analyst price targets
Free account| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6.73 | 7.61 | 9.45 | 6.86 | 14.20 | 16.36 | 19.34 | 23.16 | 27.42 | 25.08 |
Analyst estimates 2027–2029 Powerpack |
Low Price
|
||
| 9.93 | 11.26 | 15.35 | 15.42 | 22.14 | 23.75 | 25.04 | 32.14 | 34.57 | 31.78 |
High Price
|
|||
| 107,971 | 112,360 | 117,340 | 131,232 | 130,170 | 130,542 | 157,799 | 187,765 | 182,665 | 174,666 |
Employees
|
|||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
|
|||
| 16,896 | 18,440 | 18,777 | 21,120 | 21,780 | 21,110 | 23,272 | 28,561 | 34,761 | 35,269 |
Revenue
|
|||
| 69.28% | 71.20% | 70.16% | 70.18% | 73.56% | 73.87% | 72.85% | 68.60% | 69.78% | 71.48% |
Gross Margin
|
|||
| 1,690 | 1,410 | 814 | 1,583 | 2,749 | 3,556 | 4,433 | 5,576 | 6,421 | 6,517 |
EBT
|
|||
| 10.00% | 7.65% | 4.33% | 7.49% | 12.62% | 16.85% | 19.05% | 19.52% | 18.47% | 18.48% |
EBT Margin
|
|||
| 1,886 | 1,487 | 854 | 2,387 | 3,247 | 4,498 | 5,729 | 7,222 | 8,197 | 8,316 |
Net Income
|
|||
| (700) | (170) | 150 | 501 | (105) | 444 | 544 | 437 | 305 | 386 |
Depreciation
|
|||
| 5.81 | 5.75 | 5.84 | 6.54 | 6.46 | 6.09 | 6.68 | 8.16 | 9.86 | 9.88 |
Revenue/Sh
|
|||
| 0.45 | 0.33 | 0.15 | 0.34 | 0.66 | 0.90 | 1.14 | 1.41 | 1.59 | 1.59 |
Earnings/Sh
|
|||
| 2.70 | 0.94 | 2.16 | 3.47 | 5.53 | 2.25 | (0.14) | 5.43 | 4.11 | 2.13 |
Cash Flow/Sh
|
|||
| (0.07) | (0.05) | (0.05) | (0.08) | (0.07) | (0.07) | (0.08) | (0.12) | (0.16) | (0.11) |
Capex/Sh
|
|||
| 2.63 | 0.89 | 2.11 | 3.39 | 5.46 | 2.18 | (0.21) | 5.31 | 3.95 | 2.02 |
Free CF/Sh
|
|||
| 5.61 | 5.63 | 5.37 | 5.66 | 6.69 | 7.27 | 7.94 | 9.33 | 11.01 | 12.01 |
Book Value/Sh
|
|||
| 2,909 | 3,209 | 3,218 | 3,230 | 3,372 | 3,467 | 3,483 | 3,502 | 3,524 | 3,571 |
Shares
|
|||
| 17.55 | 24.82 | 79.31 | 34.45 | 25.05 | 21.04 | 18.60 | 18.41 | 19.95 | 16.09 |
PE Ratio
|
|||
| 2.28 | 2.25 | 3.37 | 1.54 | 2.48 | 3.11 | 3.23 | 3.18 | 3.20 | 2.62 |
PS Ratio
|
|||
| 1.53 | 1.45 | 2.17 | 1.69 | 2.39 | 2.61 | 2.72 | 2.78 | 2.86 | 2.16 |
PB Ratio
|
|||
| 3.74 | 4.12 | 4.94 | 4.52 | 2.46 | 2.97 | 3.51 | 3.37 | 3.21 | 2.48 |
EV/Sales
|
|||
| 4.13 | 4.08 | 2.65 | 3.98 | 1.36 | 1.41 | 7.10 | 6.46 | 2.99 | 3.65 |
EV/FCF
|
|||
| 7,843 | 3,004 | 6,960 | 11,219 | 18,632 | 7,787 | (471) | 19,031 | 14,491 | 7,608 |
Op' Cash Flow
|
|||
| (194) | (157) | (157) | (261) | (226) | (233) | (273) | (437) | (555) | (401) |
Capex
|
|||
| 7,649 | 2,847 | 6,802 | 10,958 | 18,406 | 7,553 | (744) | 18,595 | 13,936 | 7,207 |
FCF
|
|||
| 12,400 | 10,859 | 7,584 | 4,697 | (2,777) | 1,617 | 1,186 | (2,424) | (820) | 8,997 |
Working Cap'
|
|||
| 28,055 | 35,557 | 30,076 | 30,153 | 19,426 | 21,655 | 23,633 | 25,099 | 25,828 | 24,890 |
Total Debt
|
|||
| 16,062 | 21,762 | 17,579 | 12,126 | (496) | (2,884) | 6,576 | 5,404 | 573 | (5,053) |
Net Debt
|
|||
| 16,315 | 18,079 | 17,279 | 18,295 | 22,569 | 25,196 | 27,648 | 32,674 | 38,792 | 42,892 |
Sh' Equity
|
|||
| 1.06% | 0.74% | 0.35% | 0.73% | 1.22% | 1.50% | 1.77% | 2.02% | 2.01% | 1.91% |
ROA
|
|||
| 3.26% | 2.21% | 1.46% | 3.25% | 7.78% | 9.96% | 8.10% | 9.15% | 10.20% | 10.76% |
ROIC
|
|||
| 9.72% | 6.95% | 3.44% | 7.58% | 12.15% | 14.09% | 16.10% | 17.75% | 16.85% | 15.00% |
ROE
|
|||
ICICI Bank Limited peers in Banks Regional
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| USB U.S. Bancorp | $93.4B | 11.8× | Compare |
| PNC The PNC Financial Services Group, Inc | $89.1B | 12.4× | Compare |
| HDB HDFC Bank Limited | $120.7B | 15.5× | Compare |
| LYG Lloyds Banking Group PLC | $82.7B | 16.3× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| MFG Mizuho Financial Group, Inc. | $131.7B | 2.5× | Compare |
| NWG NatWest Group plc | $72.0B | 10.4× | Compare |
| DB Deutsche Bank Aktiengesellschaft | $67.4B | 8.5× | Compare |
| NU Nu Holdings Ltd. | $65.9B | 18.4× | Compare |
ICICI Bank Limited (IBN) key facts
- ICICI Bank Limited (IBN) is a Banks Regional company in the Financial sector, traded in the US as an ADR.
- ICICI Bank Limited’s revenue for fiscal 2026 (year ended March 2026) was INR 35.3 billion, up 1.46% from fiscal 2025.
- As of September 25, 2026, IBN traded at $27.92, a market capitalization of $100.1 billion.
- ICICI Bank Limited pays an annual dividend of $0.19 per share, a yield of 1.02%.
- Return on equity was 15.0% and debt-to-equity 0.57.
ICICI Bank Limited (IBN) Latest News
20 Jul
ICICI Bank Limited reported higher Q1 earnings year-over-year, driven by growth in net interest income and fee income along with reduced provisions. Positive Q1 earnings growth from higher NII, fees and lower provisions signals improved financial health that may lift near-term investor sentiment.
19 Jul
ICICI Bank posts strong Q1 2027 profit growth while managing asset quality. Strong profit growth in quarterly earnings signals positive trajectory for ICICI Bank's financial performance and investor appeal.
18 Jul
ICICI Bank Q1 earnings call highlighted financial results, operational metrics and management outlook. Quarterly earnings data typically moves sentiment and valuation without shifting long-term strategy.
13 Jul
ICICI Bank Ltd joins TPG to acquire Aseem Infrastructure. Infrastructure acquisition partnership with TPG may moderately boost ICICI Bank positioning and performance.
28 May
ICICI Bank Limited issues 2026 digital transformation strategy analysis covering accelerators, incubators, innovation programs, technology initiatives, partnerships, investments and acquisitions. Strategic digital initiatives outlined are likely to significantly influence ICICI Bank's competitive positioning and long-term growth trajectory.
28 Apr
BCS reported higher Q1 earnings driven by revenue growth and announced a share buyback plan. Higher Q1 earnings and buyback plan indicate strong financial performance and shareholder value focus, likely boosting ICICI Bank's stock price and investor sentiment.
20 Apr
ICICI Bank Limited (IBN) Q4 earnings rose year-over-year, driven by higher net interest income, improved fee income, and reduced provisions. Strong Q4 earnings growth from rising NII, fee income, and lower provisions boosts financial performance and investor sentiment.
ICICI Bank Ltd (IBN) reported strong profit growth in Q4 2026 earnings call highlights, despite rising expenses. Strong profit growth demonstrates robust financial performance capable of significantly enhancing investor sentiment and future market trajectory despite elevated expenses.
18 Apr
ICICI Bank reported Q4 FY24 net profit of ₹10,708 crore, up 18.5% year-over-year, driven by 14% rise in net interest income to ₹18,227 crore. Asset quality strengthened with gross NPA at 2.07% and net NPA at 0.39%. Deposits grew 19.9% to ₹13.24 lakh crore. Management highlighted sustained loan growth, digital initiatives, and proposed 1:10 stock split. Strong Q4 profit growth, improved asset quality, and deposit expansion indicate significant positive influence on financial trajectory and investor sentiment.
17 Apr
Indian refiners are paying for Iranian oil in Chinese yuan via ICICI Bank to circumvent U.S. sanctions, according to sources. ICICI Bank's facilitation of yuan payments for sanctioned Iranian oil underscores its strategic role in geopolitical trade finance, likely enhancing international revenue but inviting regulatory risks.
14 Apr
ICICI Prudential Life reported higher quarterly profit driven by accelerating new business growth. Higher profits from ICICI Prudential Life, ICICI Bank's major insurance subsidiary, moderately boost the parent's financial performance and market sentiment.
9 Mar
Amazon expands its financial services platform in India. Amazon's expansion into Indian financial services heightens competition in digital payments and banking for ICICI Bank.
26 Feb
Apple is in talks with ICICI Bank to launch Apple Pay in India, aiming to tap into the country's booming digital payments market. Apple Pay integration would significantly expand ICICI Bank's digital transaction volumes and strengthen its position in India's fintech landscape.
Apple is in talks with ICICI Bank and other banks to launch a payment service in India. Apple's payment service talks signal a major strategic partnership boosting ICICI Bank's digital payments growth and competitive edge in India.
Apple is in talks with banks including ICICI Bank to launch a payment service in India, Bloomberg News reports. Apple's potential payment service partnership would represent a major strategic opportunity for ICICI Bank to expand digital payments and capture market share in India's booming fintech sector.
Apple is in talks with ICICI Bank and other banks to launch a payment service in India, according to Bloomberg News. Apple's potential payment service partnership would represent a major strategic opportunity for ICICI Bank in India's fast-growing digital payments market.
13 Feb
The Reserve Bank of India (RBI) has approved ICICI Group's proposal to increase its stake in eight banks, which is expected to enhance the group's influence and operational capabilities within the banking sector. This move aligns with ICICI's strategy to strengthen its position in the financial market and improve service offerings across its subsidiaries. The approval is seen as a significant step towards consolidating ICICI's presence in the banking industry, potentially leading to increased market share and customer base. The stake hike approval is a significant strategic move that could enhance ICICI's competitive positioning and market dynamics.
11 Feb
The Reserve Bank of India has granted ICICI Asset Management Company (AMC) approval to increase its stake in HDFC Bank to 9.95%. This move allows ICICI AMC to enhance its investment in one of India's leading banks, potentially strengthening its position in the financial sector. Increasing stake in HDFC Bank may moderately influence ICICI Bank's competitive positioning and financial performance.
Asian equities traded in the US saw a rise in American Depositary Receipts (ADRs) during Wednesday trading, reflecting positive market sentiment. ICICI Bank Limited (IBN) was among the companies whose ADRs gained traction, indicating a favorable outlook for the bank amidst broader market movements. Investors are closely monitoring these trends as they could influence future performance. The rise in ADRs suggests a moderately noticeable influence on market sentiment and potential financial performance for ICICI Bank.
An emerging markets ETF with a low expense ratio of 0.07% has significantly outperformed the S&P 500, attracting investor attention. This ETF's performance highlights the potential for growth in emerging markets, which may offer better returns compared to established markets like the U.S. The success of this ETF could influence investment strategies and market dynamics, particularly for investors looking for cost-effective options in emerging economies. The performance of the ETF may influence investor sentiment towards emerging markets, impacting ICICI Bank's market positioning.
10 Feb
Asian equities traded in the US saw a significant rise in American Depositary Receipts (ADRs) during Tuesday's trading session, with notable gains for several companies, including ICICI Bank Limited. The upward trend in ADRs reflects positive market sentiment and investor interest in Asian markets, potentially benefiting companies like ICICI Bank as they attract more foreign investment. This surge in trading activity may indicate a broader recovery in the Asian equity markets, influencing investor confidence and market dynamics. The rise in ADRs suggests a moderately noticeable influence on ICICI Bank's market performance and investor sentiment.
4 Feb
Asian equities traded in the US saw a rise in American Depositary Receipts (ADRs) on Wednesday, with notable gains in several companies, including ICICI Bank Limited. The overall market sentiment was positive, driven by various factors including economic data and investor confidence. This uptick in ADRs reflects a broader trend in Asian markets, indicating potential growth and interest from US investors in Asian equities. The increase in ADRs suggests a moderately noticeable influence on market sentiment and potential financial performance for ICICI Bank.
2 Feb
Asian equities traded in the US saw a rise in American Depositary Receipts (ADRs) during Monday trading, reflecting positive market sentiment. Notably, ICICI Bank Limited (IBN) was among the companies whose ADRs gained traction, indicating a favorable outlook for the bank amidst broader market movements. The rise in ADRs suggests a moderately noticeable influence on market sentiment and potential financial performance for ICICI Bank.
27 Jan
ICICI Bank Limited reported its Q2 2026 earnings, showcasing strong financial performance with significant growth in net profit and improved asset quality. The bank highlighted its strategic initiatives, including digital transformation and expansion in retail banking. Management expressed optimism about future growth prospects, driven by favorable market conditions and a robust loan portfolio. Key metrics such as net interest margin and return on equity showed positive trends, reinforcing investor confidence. Strong financial performance and strategic initiatives indicate significant potential for future growth and market positioning.
26 Jan
The Indian rupee has reached a record low against the US dollar, prompting attention towards three India-focused exchange-traded funds (ETFs). This depreciation is expected to impact various sectors, including banking, as it may affect foreign investment and trade dynamics. Investors are closely monitoring how this currency fluctuation will influence the performance of Indian equities, particularly in the financial sector, where institutions like ICICI Bank operate. The situation highlights the interconnectedness of currency movements and market performance in India. The rupee's decline may moderately influence ICICI Bank's financial performance and market sentiment due to its impact on foreign investments and trade.
25 Jan
ICICI Bank Limited reported strong lending growth in its Q3 2026 earnings call, highlighting robust financial performance amidst profit challenges. The bank's strategic initiatives and market positioning contributed to its growth, despite external economic pressures. Management emphasized a focus on enhancing customer experience and expanding digital services to sustain momentum in a competitive landscape. Strong lending growth and strategic initiatives are likely to significantly impact future performance and investor sentiment.
24 Jan
ICICI Bank Limited has experienced the largest increase in borrowing rates among liquid names, reflecting a significant shift in the lending landscape. This rise in rates may impact the bank's cost of funds and overall profitability, as it adjusts to changing market conditions. Investors are closely monitoring these developments, as they could influence the bank's competitive positioning and financial performance in the near future. The increase in borrowing rates is expected to moderately influence ICICI Bank's financial performance and competitive positioning.
22 Jan
Asian equities traded in the US saw a rise in American Depositary Receipts (ADRs) during Thursday trading, reflecting positive market sentiment. ICICI Bank Limited (IBN) was among the companies whose ADRs experienced an uptick, indicating increased investor interest and confidence in the bank's performance. The overall trend suggests a favorable environment for Asian companies listed in the US, potentially enhancing their market visibility and investment appeal. The rise in ADRs indicates a moderately noticeable influence on investor sentiment towards ICICI Bank, but the overall effect is expected to be balanced by other market factors.
21 Jan
Asian equities traded in the US saw a significant rise in American Depositary Receipts (ADRs) during Wednesday trading, reflecting positive market sentiment. ICICI Bank Limited (IBN) was among the companies that experienced notable gains, contributing to the overall upward trend in Asian stocks listed in the US. This surge in ADRs indicates increased investor interest and confidence in Asian markets, particularly in the context of economic recovery and growth prospects. The rise in ADRs suggests a moderately noticeable influence on investor sentiment towards ICICI Bank and its market performance.
Unbox Robotics has successfully raised US$28 million in a Series B funding round, led by ICICI Venture. This investment aims to enhance Unbox Robotics' capabilities in the logistics and supply chain sector, focusing on automation and robotics solutions. The funding will be utilized to expand product offerings and accelerate growth in the market. Investment in Unbox Robotics may enhance ICICI Bank's positioning in the technology and automation sectors, impacting its competitive landscape.