(IBN) ICICI Bank - Overview
Sector: Financial Services | Industry: Banks - Regional | Exchange: NYSE (USA) | Market Cap: 93.372m USD | Total Return: -22.5% in 12m
Avg Turnover: 193M
EPS Trend: 84.5%
Qual. Beats: 0
Rev. Trend: 95.9%
Qual. Beats: 1
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
ICICI Bank Limited (IBN) is a diversified financial institution headquartered in Mumbai, providing retail, wholesale, and investment banking services across India and international markets. The bank operates through a multi-segment model that includes insurance, treasury operations, and asset management, alongside traditional lending and deposit services. Its portfolio covers consumer finance, corporate credit, and specialized rural banking products such as tractor loans and micro-banking.
As a major player in the Indian banking sector, ICICI Bank benefits from a high-growth emerging market characterized by increasing credit penetration and a rapidly digitizing consumer base. The bank utilizes a universal banking strategy, which allows it to cross-sell insurance and investment products to its existing deposit holders, diversifying its non-interest income streams. Investors can further evaluate these operational segments and growth metrics on ValueRay.
Founded in 1955, the company maintains a significant physical and digital infrastructure to support its various business lines, including wealth management, custodial services, and housing finance. Its integrated financial services approach positions it as a central intermediary in India’s capital markets and commercial trade sectors.
- Expansion of net interest margins through high-yield retail and MSME loan growth
- Digital infrastructure transformation reduces operating costs and improves customer acquisition efficiency
- Indian central bank monetary policy shifts impact cost of funds and liquidity
- Asset quality stability in corporate portfolios minimizes credit loss provisions and volatility
- Rising middle-class income levels drive cross-selling of insurance and asset management products
| Net Income: 543b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.75 > 1.0 |
| NWC/Revenue: -500.3% < 20% (prev -484.6%; Δ -15.67% < -1%) |
| CFO/TA 0.02 > 3% & CFO 673b > Net Income 543b |
| Net Debt (-447b) to EBITDA (805b): -0.56 < 3 |
| Current Ratio: 0.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (3.62b) vs 12m ago 1.12% < -2% |
| Gross Margin: 69.67% > 18% (prev 0.68%; Δ 6.90k% > 0.5%) |
| Asset Turnover: 11.26% > 50% (prev 11.15%; Δ 0.11% > 0%) |
| Interest Coverage Ratio: 0.87 > 6 (EBITDA TTM 805b / Interest Expense TTM 892b) |
| A: -0.54 (Total Current Assets 2650b - Total Current Liabilities 18300b) / Total Assets 29145b |
| B: 0.01 (Retained Earnings 319b / Total Assets 29145b) |
| C: 0.03 (EBIT TTM 774b / Avg Total Assets 27784b) |
| D: 0.14 (Book Value of Equity 3604b / Total Liabilities 25349b) |
| Altman-Z'' = -3.15 = D |
As of May 24, 2026, the stock is trading at USD 25.89 with a total of 8,026,533 shares traded.
Over the past week, the price has changed by -0.27%,
over one month by -8.55%,
over three months by -15.10% and
over the past year by -22.48%.
ICICI Bank has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy IBN.
- StrongBuy: 3
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 35.4 | 36.7% |
P/E Trailing = 16.6987
P/E Forward = 15.949
P/S = 0.0429
P/B = 2.4723
P/EG = 0.5248
Revenue TTM = 3128b INR
EBIT TTM = 774b INR
EBITDA TTM = 805b INR
Long Term Debt = 2203b INR (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 2203b INR (from shortLongTermDebtTotal, last quarter)
Net Debt = -447b INR (calculated: Debt 2203b - CCE 2650b)
Enterprise Value = 8536b INR (8983b + Debt 2203b - CCE 2650b)
Interest Coverage Ratio = 0.87 (Ebit TTM 774b / Interest Expense TTM 892b)
EV/FCF = 13.42x (Enterprise Value 8536b / FCF TTM 636b)
FCF Yield = 7.45% (FCF TTM 636b / Enterprise Value 8536b)
FCF Margin = 20.33% (FCF TTM 636b / Revenue TTM 3128b)
Net Margin = 17.36% (Net Income TTM 543b / Revenue TTM 3128b)
Gross Margin = 69.67% ((Revenue TTM 3128b - Cost of Revenue TTM 949b) / Revenue TTM)
Gross Margin QoQ = 73.64% (prev 68.09%)
Tobins Q-Ratio = 0.29 (Enterprise Value 8536b / Total Assets 29145b)
Interest Expense / Debt = 40.50% (Interest Expense 892b / Debt 2203b)
Taxrate = 24.66% (51.3b / 208b)
NOPAT = 583b (EBIT 774b * (1 - 24.66%))
Current Ratio = 0.14 (Total Current Assets 2650b / Total Current Liabilities 18300b)
Debt / Equity = 0.61 (Debt 2203b / totalStockholderEquity, last quarter 3631b)
Debt / EBITDA = -0.56 (Net Debt -447b / EBITDA 805b)
Debt / FCF = -0.70 (Net Debt -447b / FCF TTM 636b)
Total Stockholder Equity = 3442b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.95% (Net Income 543b / Total Assets 29145b)
RoE = 15.78% (Net Income TTM 543b / Total Stockholder Equity 3442b)
RoCE = 13.71% (EBIT 774b / Capital Employed (Equity 3442b + L.T.Debt 2203b))
RoIC = 5.38% (NOPAT 583b / Invested Capital 10841b)
WACC = 11.80% (E(8983b)/V(11186b) * Re(7.21%) + D(2203b)/V(11186b) * Rd(40.50%) * (1-Tc(0.25)))
Discount Rate = 7.21% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 80.90 | Cagr: 0.64%
[DCF] Terminal Value 61.40% ; FCFF base≈691b ; Y1≈606b ; Y5≈490b
[DCF] Fair Price = 1.53k (EV 5034b - Net Debt -447b = Equity 5481b / Shares 3.58b; r=11.80% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 84.49 | EPS CAGR: 8.03% | SUE: 0.28 | # QB: 0
Revenue Correlation: 95.95 | Revenue CAGR: 22.14% | SUE: 2.61 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.41 | Chg30d=-4.68% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.39 | Chg30d=-3.19% | Revisions=-20% | Analysts=1
EPS current Year (2027-03-31): EPS=1.69 | Chg30d=-5.19% | Revisions=-33% | GrowthEPS=+13.0% | GrowthRev=+13.7%
EPS next Year (2028-03-31): EPS=1.91 | Chg30d=-4.79% | Revisions=-20% | GrowthEPS=+13.1% | GrowthRev=+14.5%
[Analyst] Revisions Ratio: -33%