ICICI Bank Ltd

About [ edit ]

ICICI Bank is a large 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.#

Key Points [ edit ]
  • Market Cap 420,885 Cr.
  • Current Price 608
  • High / Low 679 / 286
  • Stock P/E 22.9
  • Book Value 178
  • Dividend Yield 0.00 %
  • ROCE 6.04 %
  • ROE 15.0 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 3.42 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.50% over past five years.
  • Company has a low return on equity of 9.10% for last 3 years.
  • Contingent liabilities of Rs.3051454.79 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.72173.82 Cr.

Peer comparison

Sector: Banks Industry: Banks - Private Sector

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Revenue 16,738 17,224 18,516 19,504 20,366 21,106 21,623 21,741 22,423 22,226 22,214 22,300
Interest 9,282 9,397 10,146 10,352 11,009 11,335 11,297 11,025 11,347 10,945 10,412 9,955
19,323 20,239 20,407 24,752 18,652 20,453 20,309 27,119 22,005 21,504 22,484 26,656
Financing Profit -11,867 -12,412 -12,038 -15,600 -9,295 -10,681 -9,983 -16,403 -10,929 -10,222 -10,683 -14,311
Financing Margin % -71% -72% -65% -80% -46% -51% -46% -75% -49% -46% -48% -64%
Other Income 12,436 14,691 14,918 17,281 13,503 16,318 16,748 18,381 15,517 17,095 18,241 21,322
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 569 2,279 2,879 1,681 4,208 5,638 6,765 1,977 4,587 6,873 7,558 7,010
Tax % 43% 30% 22% 9% 31% 72% 24% 18% 22% 21% 20% 24%
Net Profit 5 1,205 1,874 1,170 2,514 1,131 4,670 1,251 3,118 4,882 5,498 4,886
EPS in Rs 0.01 1.87 2.91 1.82 3.90 1.75 7.22 1.93 4.81 7.08 7.96 7.07
Gross NPA % 1.90% 1.96% 2.02% 2.04%
Net NPA % 0.80% 0.84% 0.90% 0.75%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Revenue 30,154 30,081 37,995 44,885 49,479 54,964 59,294 60,940 62,162 71,982 84,836 89,163
Interest 20,729 19,343 25,013 28,285 29,711 32,318 33,996 34,836 34,262 39,178 44,666 42,659
31,532 33,126 30,289 31,684 32,852 38,766 52,252 63,839 72,806 83,773 85,361 92,649
Financing Profit -22,108 -22,387 -17,308 -15,085 -13,084 -16,120 -26,955 -37,735 -44,906 -50,969 -45,190 -46,145
Financing Margin % -73% -74% -46% -34% -26% -29% -45% -62% -72% -71% -53% -52%
Other Income 29,446 31,513 28,660 29,320 30,085 35,252 42,102 52,456 56,807 59,323 64,950 72,174
Depreciation 763 740 671 625 719 798 843 912 922 946 1,171 0
Profit before tax 6,576 8,387 10,680 13,610 16,282 18,334 14,304 13,809 10,978 7,408 18,589 26,028
Tax % 26% 25% 26% 26% 28% 29% 24% 18% 17% 23% 40% 22%
Net Profit 4,670 6,093 7,643 9,604 11,041 12,247 10,180 10,188 7,712 4,254 9,566 18,384
EPS in Rs 7.62 9.62 12.06 15.14 17.38 19.20 15.92 15.90 12.00 6.60 14.78 26.58
Dividend Payout % 29% 26% 25% 24% 24% 24% 29% 14% 12% 15% 0% 8%
Compounded Sales Growth
10 Years:11%
5 Years:9%
3 Years:13%
TTM:5%
Compounded Profit Growth
10 Years:12%
5 Years:13%
3 Years:34%
TTM:92%
Stock Price CAGR
10 Years:12%
5 Years:25%
3 Years:28%
1 Year:78%
Return on Equity
10 Years:11%
5 Years:9%
3 Years:9%
Last Year:15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1,115 1,152 1,153 1,154 1,155 1,160 1,163 1,165 1,286 1,289 1,295
Reserves 50,182 54,150 60,121 67,604 75,268 83,537 92,941 103,461 109,338 112,959 121,662
Borrowings 357,271 384,945 443,247 487,659 543,055 597,207 671,455 700,874 815,198 891,641 1,014,636
80,780 93,521 114,766 118,405 128,284 144,175 153,197 180,225 198,459 232,904 239,699
Total Liabilities 489,347 533,768 619,287 674,822 747,762 826,079 918,756 985,725 1,124,281 1,238,794 1,377,292
3,862 5,490 5,432 5,473 5,507 5,871 8,713 9,338 9,465 9,660 10,409
CWIP 0 0 0 0 0 0 0 0 0 0 0
Investments 186,320 209,653 239,864 255,667 267,609 274,311 286,044 304,373 372,208 398,201 443,473
299,165 318,626 373,991 413,682 474,646 545,897 623,999 672,013 742,608 830,933 923,411
Total Assets 489,347 533,768 619,287 674,822 747,762 826,079 918,756 985,725 1,124,281 1,238,794 1,377,292

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
29,551 -3,638 -6,405 17,494 6,765 -12,273 23,645 52,636 19,383 48,671 79,565 138,015
-16,026 -4,778 -21,263 -18,563 -15,750 -13,175 -12,060 -1,711 -50,551 -30,282 -42,095 -62,987
-1,442 657 29,439 9,283 7,872 24,827 5,814 -35,470 39,676 -19,997 2,992 -54,667
Net Cash Flow 12,083 -7,759 1,771 8,215 -1,113 -621 17,399 15,455 8,508 -1,608 40,462 20,362

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROE % 9% 11% 13% 15% 15% 15% 11% 10% 7% 4% 8%

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
46.90 45.28 42.71 43.05 43.23 40.82 45.82 43.73 42.99 45.69 47.46 47.81
42.20 43.97 46.06 45.41 45.34 47.69 43.13 44.58 45.73 43.70 42.46 41.70
0.26 0.26 0.31 0.33 0.40 0.39 0.39 0.39 0.42 0.41 0.42 0.43
10.64 10.49 10.92 11.21 11.03 11.10 10.66 11.31 10.87 10.20 9.66 10.06

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