Banking sector trends
Non-food credit growth of the banking system remained muted in the range of 5.0-7.0% through the year following the slowdown in economic activity due to the Covid-19 pandemic. Non-food credit growth was 5.5% year-on-year. at March 26, 2021. As per data on sector-wise deployment of credit as of February 26, 2021 released by RBI, retail loans grew by 9.6%, credit to the services sector by 9.3% and credit to the agriculture sector by 10.2% while credit to industry declined by 0.2%. Deposit growth was higher compared to credit growth during fiscal 2021. Growth in total deposits remained above 10.0% throughout fiscal 2021, with year-on-year growth of 11.4% at March 26, 2021.
Capital allocation framework
The Bank?s capital allocation framework is focused on growth in granular retail and rural lending and selective lending to corporate sector with focus on an increase in lending to higher rated corporates. Net retail advances increased by 19.9% in fiscal 2021 compared to an increase of 13.7% in total advances. As a result, the share of net retail advances increased from 63.2% of net advances at March 31, 2020 to 66.7% of net advances at March 31, 2021.
CASA matrix
The cost of savings account deposits decreased by 47 basis points from 3.63% in fiscal 2020 to 3.16% in fiscal 2021 primarily due to a reduction in interest rate on savings account deposits by 50 basis points in two tranches during fiscal 2021. The average CASA deposits decreased from 42.7% of total average deposits in fiscal 2020 to 41.4% of total average deposits in fiscal 2021.
ICICI Bank Share Price
- Open1,227.00
- High1,227.00
- Low1,196.35
- Prev Close1,219.90
- Volume1,25,07,092
- VWAP(₹)1,205.22
ICICI Bank share price insights
Loan Book Growth - Beating 5 Yr CAGR
ICICI Bank Ltd. reported a YoY increase of 16.32% in its advances, which is higher than its 5 yr CAGR of 12.29%. (Source: Consolidated Financials)Net Interest Margin - Uptrend
Company is able to expand its net interest margin on a continuous basis over the last 3 years with margins of 3.61% in last year. (Source: Consolidated Financials)Buy Signal: Bulls might dominate
Weekly MACD crossover appeared on week ending Jun 28, 2024. Average price gain of 6.51% within 7 weeks of this signal in last 10 years.Stock Returns vs Nifty 100
Stock gave a 3 year return of 88.59% as compared to Nifty 100 which gave a return of 52.57%. (as of last trading session)ICICI Bank Share Price Update
ICICI Bank Ltd. share price moved down by -1.67% from its previous close of Rs 1,219.90. ICICI Bank Ltd. stock last traded price is 1,199.60
Share Price Value Today/Current/Last 1,199.60 Previous Day 1,219.90
ICICI Bank Share Price Returns
| 1 Day | -1.67% |
| 1 Month | 6.45% |
| 3 Months | 9.72% |
| 1 Year | 27.96% |
| 3 Years | 84.47% |
| 5 Years | 174.45% |
Key Metrics
| PE Ratio(x) | 18.91 |
| EPS - TTM(₹) | 64.53 |
| MCap(₹ Cr.) | 8,56,936 |
| MCap Rank | 2 |
| PB Ratio(x) | 3.17 |
| Div Yield(%) | 0.19 |
| Face Value(₹) | 2.00 |
| 52W High(₹) | 1,235.00 |
| 52W Low(₹) | 899.00 |
| MCap/Sales | 4.82 |
| Beta(1 Month) | 1.09 |
| BV/Share(₹) | 384.53 |
ICICI Bank Share Recommendations
40 Analysts
SellSellHoldBuyStrong
Buy
| Ratings | Current | 1W Ago | 1M Ago | 3M Ago |
|---|---|---|---|---|
| Strong Buy | 21 | 22 | 22 | 23 |
| Buy | 15 | 13 | 13 | 13 |
| Hold | 4 | 5 | 5 | 3 |
| Sell | - | - | - | - |
| Strong Sell | - | - | - | - |
| # Analysts | 40 | 40 | 40 | 39 |
ICICI Bank News & Analysis
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NewsIndia Cements in talks with BofA, Nomura to raise Rs 500 crore Determining The Names Of Members Eligible For Dividend On Equity Shares, If Declared ..
Announcements
ICICI Bank Financials
Mar 2024 Dec 2023 Sep 2023 Jun 2023 Mar 2023 Total Income 67,181.70 59,479.76 57,292.26 52,084.00 53,922.75 Total Income Growth (%) 12.95 3.82 10.00 -3.41 12.67 Provisions & Contingencies 697.91 1,020.45 649.01 1,345.04 1,722.05 Provisions & Contingencies Growth (%) -31.61 57.23 -51.75 -21.89 -29.25 Profit after Tax (PAT) 12,728.58 11,052.60 10,896.13 10,636.12 9,852.70 PAT Growth (%) 15.16 1.44 2.44 7.95 12.06 Gross NPA (%) - - - - - Net NPA (%) - - - - - Net Profit Margin (%) 18.95 18.58 19.02 20.42 18.27 Basic EPS (₹) 16.63 15.77 15.57 15.22 14.12 All figures in Rs Cr, unless mentioned otherwise
InsightsNet Interest Margin - Uptrend
Company is able to expand its net interest margin on a continuous basis over the last 3 years with margins of 3.61% in last year. (Source: Consolidated Financials)Beating 3 Yr Revenue CAGR
Company's annual revenue growth of 26.78% outperformed its 3 year CAGR of 13.41%. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Advances 12,60,776.20 10,83,866.31 9,20,308.14 7,91,801.39 7,06,246.11 Advances Growth (%) 16.32 17.77 16.23 12.11 9.16 Deposits 14,43,579.95 12,10,832.15 10,91,365.79 9,59,940.02 8,00,784.46 Deposits Growth (%) 19.22 10.95 13.69 19.87 17.53 Total Equity 2,70,032.26 2,20,423.66 1,87,766.97 1,67,172.74 1,29,751.34 Total Equity Growth (%) 22.51 17.39 12.32 28.84 7.38 Gross NPA (%) - - - - - Net NPA (%) - - - - - Capital Adequacy Ratios (%) 0.00 - - - - Contingent Liabilities 0.00 50,35,951.10 45,52,341.12 30,21,344.23 30,03,053.53 All figures in Rs Cr, unless mentioned otherwise
InsightsLoan Book Growth - Beating 5 Yr CAGR
ICICI Bank Ltd. reported a YoY increase of 16.32% in its advances, which is higher than its 5 yr CAGR of 12.29%. (Source: Consolidated Financials)Falling Gross NPA and Net NPA
The bank's gross NPA% and Net NPA% have fallen continuously over the past 4-years to 2.16% and 0.42%, respectively. (Source: Standalone Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Net Cash flow from Operating Activities 1,57,284.48 -3,771.19 58,111.43 1,38,015.30 79,564.75 Net Cash used in Investing Activities -145,931.09 -68,005.32 -39,321.44 -62,986.91 -42,308.43 Net Cash flow from Financing Activities 13,764.51 24,790.72 17,451.00 -54,666.77 2,992.18 Net Cash Flow 25,541.34 -46,669.49 35,555.45 19,717.61 40,462.03 Closing Cash & Cash Equivalent 1,62,768.90 1,36,456.49 1,83,125.98 1,47,570.53 1,27,852.92 Closing Cash & Cash Equivalent Growth (%) 19.28 -25.48 24.09 15.42 46.30 All figures in Rs Cr, unless mentioned otherwise
InsightsIncrease in Cash from Investing
Company has used Rs 145931.09 cr for investing activities which is an YoY increase of 114.59%. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Return on Equity (%) 17.74 16.10 14.04 11.90 7.98 Return on Assets (%) 2.02 1.73 1.43 1.16 0.69 Cost to Income (%) 49.53 54.34 57.50 60.99 62.68 Interest income to Earning assets (%) 6.74 6.18 5.44 5.66 6.15 Interest Expense to Earning assets (%) 3.13 2.58 2.34 2.71 3.24 Price to Earnings (x) 16.08 18.02 20.24 21.88 21.98 Price to Book (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 Operating Profit Margin (%) -19.75 -25.31 -38.09 -58.10 -63.32
Peer Comparison
NAME 1D 1W 1M 3M 1Y 3Y 5Y ICICI Bank Stock Performance -1.67 7.01 7.52 10.26 27.88 88.59 187.95 HDFC Bank Stock Performance -0.73 9.94 16.32 16.44 4.54 13.75 37.58 Axis Bank Stock Performance -1.84 8.87 13.41 13.84 29.80 71.73 57.37 Kotak Bank Stock Performance -1.54 7.27 9.70 3.11 -3.71 1.10 19.23 IndusInd Bank Stock Performance -2.55 0.18 4.50 -6.35 10.03 45.93 -5.65 All values in %
Stock Returns vs Nifty 100
Stock gave a 3 year return of 88.59% as compared to Nifty 100 which gave a return of 52.57%. (as of last trading session)Stock Returns vs Nifty Bank
Stock generated 88.59% return as compared to Nifty Bank which gave investors 43.11% return over 3 year time period. (as of last trading session)
Mutual Funds Ownership
MF Ownership as on 31 May 2024
5,044.73
Amount Invested (in Cr.)
9.22%
% of AUM
2.27
% Change (MoM basis)
4,542.32
Amount Invested (in Cr.)
8.19%
% of AUM
0.00
% Change (MoM basis)
3,923.68
Amount Invested (in Cr.)
5.74%
% of AUM
-20.45
% Change (MoM basis)
ICICI Bank Futures & Options
Corporate Actions
Board Meeting
Quarterly Results
Jun 25, 2024
Board Meeting
Audited Results & Final Dividend
Mar 22, 2024
Board Meeting
Quarterly Results
Dec 21, 2023
Announced on Meeting on Jun 25, 2024 Jul 27, 2024 Quarterly Results Mar 22, 2024 Apr 27, 2024 Audited Results & Final Dividend Dec 21, 2023 Jan 20, 2024 Quarterly Results Sep 25, 2023 Oct 21, 2023 Quarterly Results Jun 22, 2023 Jul 22, 2023 Quarterly Results Announced on Ex-Date Dividend% Jun 30, 2023 Aug 09, 2023 400% Apr 25, 2022 Aug 08, 2022 250% Apr 26, 2021 Jul 29, 2021 100% May 06, 2019 Jul 22, 2019 50% May 07, 2018 Aug 24, 2018 75% Announced on Ex-Date May 03, 2017 Jun 20, 2017 Bonus Ratio: 1 share(s) for every 10 shares held Announced on Ex-Date Sep 09, 2014 Dec 04, 2014 Split: Old FV10.0| New FV:2.0 No Data Available
Announced on Meeting on Jun 29, 2023 Aug 30, 2023 - Jun 28, 2022 Aug 30, 2022 - Feb 24, 2022 Mar 29, 2022 - Jul 15, 2021 Aug 20, 2021 - Jul 13, 2020 Aug 14, 2020 -
About
ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 842,399.38 Crore).
ICICI Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2023.
The Bank has reported Standalone Non Performing Assets (Gross NPAs) at .00 % of total assets and Standalone Net Non Performing Assets (Net NPAs) at .00% of total assets for the quarter ending 31-03-2024.
For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 67,181.70 Crore, up 12.95 % from last quarter Total Income of Rs 59,479.76 Crore and up 24.59 % from last year same quarter Total Income of Rs 53,922.75 Crore. The bank has reported net profit after tax of Rs 12,728.58 Crore in latest quarter.
The bank’s top management includes Mr.Girish Chandra Chaturvedi, Mr.Sandeep Bakhshi, Mr.Rakesh Jha, Mr.Sandeep Batra, Mr.B Sriram, Mr.Hari L Mundra, Ms.Neelam Dhawan, Mr.Radhakrishnan Nair, Mr.S Madhavan, Mr.Uday Chitale, Ms.Vibha Paul Rishi, Mr.Anindya Banerjee, Ms.Prachiti Lalingkar. It has Khimji Kunverji & Co. LLP as its auditoRs As on 31-03-2024, the company has a total of 702.23 Crore shares outstanding.
About ICICI Bank
ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 842,399.38 Crore).ICICI Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2023.The Bank has reported Standalone Non Performing Assets (Gross NPAs) at .00 % of total assets and Standalone Net Non Performing Assets (Net NPAs) at .00% of total assets for the quarter ending 31-03-2024.For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 67,181.70 Crore, up 12.95 % from last quarter Total Income of Rs 59,479.76 Crore and up 24.59 % from last year same quarter Total Income of Rs 53,922.75 Crore. The bank has reported net profit after tax of Rs 12,728.58 Crore in latest quarter.The bank’s top management includes Mr.Girish Chandra Chaturvedi, Mr.Sandeep Bakhshi, Mr.Rakesh Jha, Mr.Sandeep Batra, Mr.B Sriram, Mr.Hari L Mundra, Ms.Neelam Dhawan, Mr.Radhakrishnan Nair, Mr.S Madhavan, Mr.Uday Chitale, Ms.Vibha Paul Rishi, Mr.Anindya Banerjee, Ms.Prachiti Lalingkar. It has Khimji Kunverji & Co. LLP as its auditoRs As on 31-03-2024, the company has a total of 702.23 Crore shares outstanding.
Industry
Key Indices Listed On
Nifty 50, BSE Sensex, Nifty Bank, Nifty 100, Nifty 200
Address
ICICI Bank Tower,Near Chakli Circle,Old Padra Road,Vadodra, Gujarat - 390007
Executive Leadership
Girish Chandra Chaturvedi
Non Exe.Part Time ChairmanSandeep Bakhshi
Managing Director & CEORakesh Jha
Executive DirectorSandeep Batra
Executive DirectorAuditors
Brands
FAQs about ICICI Bank share
- 1. What is ICICI Bank share price and what are the returns for ICICI Bank share?As on 28 Jun, 2024, 03:59 PM IST ICICI Bank share price was down by 1.67% basis the previous closing price of Rs 1,218. ICICI Bank share price was Rs 1,199.60. Return Performance of ICICI Bank Shares:
- 1 Week: ICICI Bank share price moved up by 3.53%
- 1 Month: ICICI Bank share price moved up by 6.45%
- 3 Month: ICICI Bank share price moved up by 9.72%
- 6 Month: ICICI Bank share price moved up by 19.26%
- 2. What is the CAGR of ICICI Bank?The CAGR of ICICI Bank is 9.3.
- 3. What is ICICI Bank's 52 week high / low?ICICI Bank share price saw a 52 week high of Rs 1,235.00 and 52 week low of Rs 899.00.
- 4. Who are peers to compare ICICI Bank share price?Top 10 Peers for ICICI Bank are HDFC Bank Ltd., Axis Bank Ltd., Kotak Mahindra Bank Ltd., IndusInd Bank Ltd., YES Bank Ltd., IDFC First Bank Ltd., Federal Bank Ltd., Bandhan Bank Ltd., Karur Vysya Bank Ltd. and RBL Bank Ltd.
- 5. Is ICICI Bank giving dividend?ICICI Bank Ltd. announced an equity dividend of 400% on a face value of 2.0 amounting to Rs 8 per share on 30 Jun 2023. The ex dividend date was 09 Aug 2023.
- 6. Who's the owner of ICICI Bank?Following are the key changes to ICICI Bank shareholding:
- Domestic Institutional Investors holding has gone up from 44.9 (30 Jun 2023) to 45.1 (31 Mar 2024)
- Foreign Institutional Investors holding has gone up from 44.53 (30 Jun 2023) to 44.76 (31 Mar 2024)
- Other investor holding have gone down from 10.56 (30 Jun 2023) to 10.14 (
- 7. How can I quickly analyze ICICI Bank stock?Key Metrics for ICICI Bank are:
- PE Ratio of ICICI Bank is 18.91
- Price/Sales ratio of ICICI Bank is 4.82
- Price to Book ratio of ICICI Bank is 3.17
- 8. Who is the Chief Executive Officer of ICICI Bank?Sandeep Bakhshi is the Managing Director & CEO of ICICI Bank
- 9. What are the ICICI Bank quarterly results?Total Revenue and Earning for ICICI Bank for the year ending 2024-03-31 was Rs null Cr and Rs 47904.65 Cr on Consolidated basis. Last Quarter 2024-03-31, ICICI Bank reported an income of Rs 67181.70 Cr and profit of Rs 12728.58 Cr.
- 10. What is the PE & PB ratio of ICICI Bank?The PE ratio of ICICI Bank stands at 18.91, while the PB ratio is 3.86.
- 11. What's the market capitalization of ICICI Bank?Market Capitalization of ICICI Bank stock is Rs 8,56,936 Cr.
- 12. Who is the chairman of ICICI Bank?Girish Chandra Chaturvedi is the Non Exe.Part Time Chairman of ICICI Bank
- 13. What are the returns for ICICI Bank share?Return Performance of ICICI Bank Shares:
- 1 Week: ICICI Bank share price moved up by 3.53%
- 1 Month: ICICI Bank share price moved up by 6.45%
- 3 Month: ICICI Bank share price moved up by 9.72%
- 6 Month: ICICI Bank share price moved up by 19.26%
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