ICICI Bank Ltd

ICICI Bank Ltd

₹ 1,233 -0.45%
12 Jul - 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 8,67,633 Cr.
  • Current Price 1,233
  • High / Low 1,258 / 899
  • Stock P/E 19.6
  • Book Value 307
  • Dividend Yield 0.81 %
  • ROCE 8.37 %
  • ROE 20.6 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 59.7% CAGR over last 5 years

Cons

  • Stock is trading at 4.01 times its book value
  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.51,22,409 Cr.
  • Earnings include an other income of Rs.77,596 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 22,300 22,615 23,478 24,314 24,999 26,159 28,850 31,619 34,439 37,106 38,938 40,865 42,607
Interest 9,955 10,068 10,093 10,372 10,634 11,089 11,997 12,978 14,479 16,368 17,908 19,409 20,424
26,656 18,842 21,041 20,470 21,775 18,137 22,336 22,946 25,959 21,402 24,560 24,929 30,604
Financing Profit -14,311 -6,294 -7,656 -6,528 -7,410 -3,068 -5,483 -4,305 -6,000 -663 -3,530 -3,473 -8,421
Financing Margin % -64% -28% -33% -27% -30% -12% -19% -14% -17% -2% -9% -8% -20%
21,322 12,737 16,261 15,745 18,013 13,271 16,634 16,470 19,735 15,229 18,690 18,874 24,802
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 7,010 6,443 8,606 9,216 10,604 10,203 11,151 12,165 13,735 14,566 15,160 15,402 16,381
Tax % 24% 26% 24% 24% 24% 25% 25% 25% 25% 24% 25% 25% 26%
5,331 4,919 6,571 6,960 8,089 7,698 8,361 9,166 10,236 11,014 11,351 11,515 12,200
EPS in Rs 7.07 6.88 8.78 9.41 11.11 10.62 11.49 12.60 14.11 15.20 15.56 15.76 16.62
Gross NPA %
Net NPA %
Raw PDF
Upcoming result date: 27 July 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Revenue 44,885 49,479 54,964 59,294 60,940 62,162 71,982 84,836 89,163 95,407 121,067 159,516
Interest 28,285 29,711 32,318 33,996 34,836 34,262 39,178 44,666 42,659 41,167 50,543 74,108
31,684 32,852 38,766 52,252 63,841 72,806 83,775 85,361 91,309 80,798 87,864 101,495
Financing Profit -15,085 -13,084 -16,120 -26,955 -37,737 -44,906 -50,971 -45,190 -44,805 -26,558 -17,341 -16,087
Financing Margin % -34% -26% -29% -45% -62% -72% -71% -53% -50% -28% -14% -10%
29,320 30,085 35,252 42,102 52,458 56,807 59,325 64,950 72,030 62,129 65,112 77,596
Depreciation 625 719 798 843 912 922 946 1,171 1,340 1,330 1,515 0
Profit before tax 13,610 16,282 18,334 14,304 13,809 10,978 7,408 18,589 25,884 34,241 46,256 61,508
Tax % 26% 28% 29% 24% 18% 17% 23% 40% 22% 25% 26% 25%
10,130 11,677 12,942 10,927 11,340 9,100 5,689 11,225 20,364 26,538 35,461 46,081
EPS in Rs 15.14 17.38 19.20 15.92 15.90 12.00 6.60 14.78 26.58 36.14 48.74 63.02
Dividend Payout % 24% 24% 24% 29% 14% 12% 15% 0% 8% 14% 16% 16%
Compounded Sales Growth
10 Years: 12%
5 Years: 17%
3 Years: 21%
TTM: 32%
Compounded Profit Growth
10 Years: 15%
5 Years: 60%
3 Years: 34%
TTM: 30%
Stock Price CAGR
10 Years: 17%
5 Years: 24%
3 Years: 23%
1 Year: 28%
Return on Equity
10 Years: 13%
5 Years: 16%
3 Years: 18%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1,154 1,155 1,160 1,163 1,165 1,286 1,289 1,295 1,383 1,390 1,397
Reserves 67,609 75,275 83,545 92,948 103,467 109,344 112,964 121,665 156,204 180,663 213,101
487,659 543,055 597,207 671,455 700,874 815,198 891,641 1,014,636 1,103,840 1,252,968 1,399,894
118,401 128,278 144,167 153,190 180,219 198,453 232,899 239,696 312,385 317,616 344,099
Total Liabilities 674,822 747,762 826,079 918,756 985,725 1,124,281 1,238,794 1,377,292 1,573,812 1,752,637 1,958,490
5,473 5,507 5,871 8,713 9,338 9,465 9,660 10,409 10,917 10,707 11,070
CWIP 0 0 0 0 0 0 0 0 0 0 0
Investments 255,667 267,609 274,311 286,044 304,373 372,208 398,201 443,473 536,579 567,098 639,552
413,682 474,646 545,897 623,999 672,013 742,608 830,933 923,411 1,026,317 1,174,833 1,307,868
Total Assets 674,822 747,762 826,079 918,756 985,725 1,124,281 1,238,794 1,377,292 1,573,812 1,752,637 1,958,490

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
17,494 6,765 -12,273 23,645 52,636 19,383 48,671 79,565 138,015 58,111 -3,771 157,284
-18,563 -15,750 -13,175 -12,060 -1,711 -50,551 -30,282 -42,095 -63,631 -39,448 -67,689 -145,931
9,283 7,872 24,827 5,814 -35,470 39,676 -19,997 2,992 -54,667 17,451 24,791 13,765
Net Cash Flow 8,215 -1,113 -621 17,399 15,455 8,508 -1,608 40,462 19,718 36,114 -46,669 25,118

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 15% 15% 15% 11% 10% 7% 4% 8% 13% 15% 17%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
48.03% 47.31% 45.30% 43.95% 43.54% 44.77% 45.11% 44.16% 44.53% 44.39% 43.65% 44.77%
41.70% 42.49% 43.75% 44.58% 45.33% 44.55% 44.18% 45.11% 45.00% 45.27% 46.00% 45.10%
0.25% 0.25% 0.24% 0.24% 0.23% 0.24% 0.24% 0.24% 0.25% 0.26% 0.27% 0.28%
10.02% 9.95% 10.70% 11.23% 10.89% 10.44% 10.46% 10.48% 10.22% 10.09% 10.09% 9.84%
No. of Shareholders 13,60,83213,85,21816,42,13118,79,72219,28,47717,97,47817,80,47218,33,99417,68,79517,90,87918,02,20717,85,572

* 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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