ICICI Bank Ltd

₹ 882 -2.34%
23 Sep - close price
About

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.[1]

Key Points

Ratios (Q3FY21)
Capital Adequacy Ratio - 19.51%[1]
Net Interest Margin - 3.67%[2]
Gross NPA - 4.38%
Net NPA - 0.63%[3]
CASA Ratio - 41.8%[4]

  • Market Cap 614,615 Cr.
  • Current Price 882
  • High / Low 937 / 642
  • Stock P/E 22.2
  • Book Value 262
  • Dividend Yield 0.57 %
  • ROCE 5.59 %
  • ROE 14.8 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 19.8% CAGR over last 5 years

Cons

  • Stock is trading at 3.37 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.38% over past five years.
  • Company has a low return on equity of 12.4% for last 3 years.
  • Contingent liabilities of Rs.4,627,574 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.62,900 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
Revenue 20,366 21,106 21,623 21,741 22,423 22,226 22,214 22,300 22,615 23,478 24,314 24,999 26,159
Interest 11,009 11,335 11,297 11,025 11,347 10,945 10,412 9,955 10,068 10,093 10,372 10,634 11,089
18,652 20,453 20,309 27,119 22,005 21,504 22,484 26,656 18,842 21,041 20,470 21,775 18,137
Financing Profit -9,295 -10,681 -9,983 -16,403 -10,929 -10,222 -10,683 -14,311 -6,294 -7,656 -6,528 -7,410 -3,068
Financing Margin % -46% -51% -46% -75% -49% -46% -48% -64% -28% -33% -27% -30% -12%
13,503 16,318 16,748 18,381 15,517 17,095 18,241 21,322 12,737 16,261 15,745 17,835 13,060
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 4,208 5,638 6,765 1,977 4,587 6,873 7,558 7,010 6,443 8,606 9,216 10,425 9,992
Tax % 31% 72% 24% 18% 22% 21% 20% 24% 26% 24% 24% 24% 25%
Net Profit 2,913 1,585 5,114 1,613 3,587 5,426 6,020 5,331 4,919 6,571 6,960 8,089 7,698
EPS in Rs 3.90 1.75 7.22 1.93 4.81 7.08 7.96 7.07 6.88 8.78 9.41 11.11 10.62
Gross NPA % 1.90% 1.96% 2.02% 2.04%
Net NPA % 0.80% 0.84% 0.90% 0.75%
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
Revenue 30,081 37,995 44,885 49,479 54,964 59,294 60,940 62,162 71,982 84,836 89,163 95,407 98,950
Interest 19,343 25,013 28,285 29,711 32,318 33,996 34,836 34,262 39,178 44,666 42,659 41,167 42,188
33,126 30,293 31,684 32,852 38,766 52,252 63,841 72,806 83,775 85,361 91,309 80,798 81,424
Financing Profit -22,387 -17,311 -15,085 -13,084 -16,120 -26,955 -37,737 -44,906 -50,971 -45,190 -44,805 -26,558 -24,662
Financing Margin % -74% -46% -34% -26% -29% -45% -62% -72% -71% -53% -50% -28% -25%
31,513 28,663 29,320 30,085 35,252 42,102 52,458 56,807 59,325 64,950 72,030 62,129 62,900
Depreciation 740 671 625 719 798 843 912 922 946 1,171 1,340 1,330 0
Profit before tax 8,387 10,680 13,610 16,282 18,334 14,304 13,809 10,978 7,408 18,589 25,884 34,241 38,238
Tax % 25% 26% 26% 28% 29% 24% 18% 17% 23% 40% 22% 25%
Net Profit 6,318 7,938 10,130 11,677 12,942 10,927 11,340 9,100 5,689 11,225 20,364 26,538 29,318
EPS in Rs 9.62 12.06 15.14 17.38 19.20 15.92 15.90 12.00 6.60 14.78 26.58 36.14 39.92
Dividend Payout % 26% 25% 24% 24% 24% 29% 14% 12% 15% 0% 8% 14%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 10%
TTM: 11%
Compounded Profit Growth
10 Years: 13%
5 Years: 20%
3 Years: 81%
TTM: 38%
Stock Price CAGR
10 Years: 16%
5 Years: 26%
3 Years: 25%
1 Year: 22%
Return on Equity
10 Years: 11%
5 Years: 10%
3 Years: 12%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1,152 1,153 1,154 1,155 1,160 1,163 1,165 1,286 1,289 1,295 1,383 1,390
Reserves 54,150 60,121 67,604 75,268 83,537 92,941 103,461 109,338 112,959 121,662 156,201 180,396
384,945 443,247 487,659 543,055 597,207 671,455 700,874 815,198 891,641 1,014,636 1,103,840 1,252,968
93,521 114,766 118,405 128,284 144,175 153,197 180,225 198,459 232,904 239,699 312,388 317,883
Total Liabilities 533,768 619,287 674,822 747,762 826,079 918,756 985,725 1,124,281 1,238,794 1,377,292 1,573,812 1,752,637
5,490 5,432 5,473 5,507 5,871 8,713 9,338 9,465 9,660 10,409 10,917 10,707
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 209,653 239,864 255,667 267,609 274,311 286,044 304,373 372,208 398,201 443,473 536,579 567,098
318,626 373,991 413,682 474,646 545,897 623,999 672,013 742,608 830,933 923,411 1,026,317 1,174,833
Total Assets 533,768 619,287 674,822 747,762 826,079 918,756 985,725 1,124,281 1,238,794 1,377,292 1,573,812 1,752,637

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-3,638 -6,405 17,494 6,765 -12,273 23,645 52,636 19,383 48,671 79,565 138,015 58,111
-4,778 -21,263 -18,563 -15,750 -13,175 -12,060 -1,711 -50,551 -30,282 -42,095 -63,631 -40,007
657 29,439 9,283 7,872 24,827 5,814 -35,470 39,676 -19,997 2,992 -54,667 17,451
Net Cash Flow -7,759 1,771 8,215 -1,113 -621 17,399 15,455 8,508 -1,608 40,462 19,718 35,555

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
ROE % 11% 13% 15% 15% 15% 11% 10% 7% 4% 8% 13% 15%

Shareholding Pattern

Numbers in percentages

14 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
40.82 45.82 43.73 42.99 45.69 47.46 47.81 48.03 47.31 45.30 43.95 43.54
47.69 43.13 44.58 45.73 43.70 42.46 41.70 41.70 42.49 43.75 44.58 45.33
0.39 0.39 0.39 0.42 0.41 0.42 0.43 0.25 0.25 0.24 0.24 0.23
11.10 10.66 11.31 10.87 10.20 9.66 10.06 10.02 9.95 10.70 11.23 10.89

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