ICICI Bank Ltd

ICICI Bank Ltd

₹ 1,055 -1.09%
18 Apr - close price
About

ICICI Bank is the second-largest private sector bank in India offering a diversified portfolio of financial products and services to retail, SME and corporate customers. The Bank has an extensive network of branches, ATMs and other touch-points.The ICICI group has presence in businesses like life and general insurance, housing finance, primary dealership, etc, through its subsidiaries and associates.[1]

Key Points

Ratios 9MFY24
Capital Adequacy Ratio - 16.03%[1]
Net Interest Margin - 4.57%[2]
Gross NPA - 2.30%
Net NPA - 0.44%[3]
CASA Ratio - 39.4%[4]

  • Market Cap 7,40,898 Cr.
  • Current Price 1,055
  • High / Low 1,117 / 882
  • Stock P/E 18.8
  • Book Value 287
  • Dividend Yield 0.76 %
  • ROCE 6.29 %
  • ROE 17.2 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 36.3% CAGR over last 5 years

Cons

  • Stock is trading at 3.67 times its book value
  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.43,69,620 Cr.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Banks Industry: Banks - Private Sector

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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 19,730 19,842 20,383 21,234 22,083 22,675 23,672 26,033 28,506 31,021 33,328 34,920 36,695
Interest 9,817 9,411 9,448 9,544 9,847 10,070 10,462 11,246 12,041 13,354 15,101 16,612 18,016
8,521 8,886 8,889 9,286 9,082 8,118 8,710 9,806 10,475 10,548 10,815 10,438 11,101
Financing Profit 1,392 1,545 2,047 2,404 3,154 4,487 4,500 4,981 5,990 7,119 7,411 7,870 7,577
Financing Margin % 7% 8% 10% 11% 14% 20% 19% 19% 21% 23% 22% 23% 21%
4,686 4,111 3,996 4,797 4,987 4,737 4,665 5,055 5,024 5,088 5,435 5,777 6,097
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 6,078 5,656 6,043 7,201 8,141 9,224 9,165 10,036 11,014 12,207 12,847 13,647 13,674
Tax % 19% 22% 24% 23% 24% 24% 25% 25% 25% 25% 25% 25% 25%
4,940 4,403 4,616 5,511 6,194 7,019 6,905 7,558 8,312 9,122 9,648 10,261 10,272
EPS in Rs 7.15 6.37 6.67 7.95 8.92 10.10 9.93 10.85 11.91 13.06 13.79 14.65 14.64
Gross NPA % 4.38% 4.96% 5.15% 4.82% 4.13% 3.60% 3.41% 3.19% 3.07% 2.81% 2.76% 2.48% 2.30%
Net NPA % 0.63% 1.14% 1.16% 0.99% 0.85% 0.76% 0.70% 0.61% 0.55% 0.48% 0.48% 0.43% 0.44%
Raw PDF
Upcoming result date: 27 April 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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 33,543 40,076 44,178 49,091 52,739 54,156 54,966 63,401 74,798 79,118 86,375 109,231 135,964
Interest 22,808 26,209 27,703 30,052 31,515 32,419 31,940 36,386 41,531 40,129 38,908 47,103 63,084
8,915 10,332 12,364 14,742 23,653 29,206 32,230 36,973 34,719 36,703 34,204 38,214 42,902
Financing Profit 1,819 3,534 4,111 4,298 -2,429 -7,468 -9,204 -9,958 -1,452 2,286 13,262 23,915 29,977
Financing Margin % 5% 9% 9% 9% -5% -14% -17% -16% -2% 3% 15% 22% 22%
7,503 8,346 10,428 12,176 15,323 19,504 17,420 14,512 16,449 18,969 18,518 19,831 22,397
Depreciation 525 490 576 659 699 758 781 777 949 1,072 1,171 1,325 0
Profit before tax 8,797 11,390 13,963 15,815 12,196 11,279 7,435 3,777 14,048 20,183 30,609 42,421 52,374
Tax % 27% 27% 30% 29% 20% 13% 9% 11% 44% 20% 24% 25%
6,465 8,325 9,810 11,175 9,726 9,801 6,777 3,363 7,931 16,193 23,339 31,896 39,303
EPS in Rs 10.20 13.12 15.44 17.52 15.21 15.30 10.54 5.22 12.25 23.41 33.59 45.68 56.14
Dividend Payout % 29% 28% 27% 26% 30% 15% 14% 19% 0% 9% 15% 18%
Compounded Sales Growth
10 Years: 11%
5 Years: 15%
3 Years: 13%
TTM: 35%
Compounded Profit Growth
10 Years: 14%
5 Years: 36%
3 Years: 59%
TTM: 32%
Stock Price CAGR
10 Years: 16%
5 Years: 21%
3 Years: 24%
1 Year: 18%
Return on Equity
10 Years: 12%
5 Years: 12%
3 Years: 15%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 59,252 65,552 72,058 79,270 88,572 98,786 103,873 107,079 115,210 146,126 169,122 199,319
395,665 437,955 486,673 533,980 596,233 637,595 743,834 818,240 933,866 1,024,153 1,171,803 1,300,166
32,999 32,134 34,756 31,720 34,726 34,245 30,196 37,851 47,995 58,770 68,983 83,325
Total Liabilities 489,069 536,795 594,642 646,129 720,695 771,791 879,189 964,459 1,098,365 1,230,433 1,411,298 1,584,207
4,615 4,647 4,678 4,726 7,577 7,805 7,904 7,931 8,410 8,878 9,374 9,600
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 159,560 171,394 177,022 158,129 160,412 161,507 202,994 207,733 249,531 281,287 310,241 362,330
324,894 360,754 412,942 483,275 552,706 602,480 668,291 748,795 840,423 940,269 1,091,683 1,212,277
Total Assets 489,069 536,795 594,642 646,129 720,695 771,791 879,189 964,459 1,098,365 1,230,433 1,411,298 1,584,207

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-14,332 11,102 4,669 -4,824 22,428 39,223 13,304 38,419 78,449 124,093 55,047 7,690
-12,280 -8,904 -11,395 -9,406 -4,279 7,000 -38,966 -24,041 -36,945 -54,186 -35,221 -65,501
28,752 2,990 6,838 15,006 -585 -30,379 34,118 -18,251 -2,645 -55,935 14,868 9,426
Net Cash Flow 2,139 5,188 112 775 17,564 15,844 8,456 -3,873 38,859 13,973 34,694 -48,384

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 % 11% 13% 14% 15% 11% 10% 7% 3% 7% 12% 15% 17%

Shareholding Pattern

Numbers in percentages

5 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
47.81% 48.03% 47.31% 45.30% 43.95% 43.54% 44.77% 45.11% 44.16% 44.53% 44.39% 43.65%
41.70% 41.70% 42.49% 43.75% 44.58% 45.33% 44.55% 44.18% 45.11% 45.00% 45.27% 46.00%
0.43% 0.25% 0.25% 0.24% 0.24% 0.23% 0.24% 0.24% 0.24% 0.25% 0.26% 0.27%
10.06% 10.02% 9.95% 10.70% 11.23% 10.89% 10.44% 10.46% 10.48% 10.22% 10.09% 10.09%
No. of Shareholders 13,78,36013,60,83213,85,21816,42,13118,79,72219,28,47717,97,47817,80,47218,33,99417,68,79517,90,87918,02,207

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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