Overview Dividends

(IBN) ICICI Bank - Ratings and Ratios

Exchange: NYSE • Country: India • Currency: USD • Type: Common Stock • ISIN: US45104G1040

Accounts, Loans, Cards, Deposits, Insurance

Diversified Banks
Market Cap in USD: 109,661m
IPO / Inception: 1999-09-22
Return 12m vs S&P 500: -14.9%

EPS (Earnings per Share)

EPS (Earnings per Share) of IBN over the last years for every Quarter: "2020-12": 0.21, "2021-03": 0.19, "2021-06": 0.18, "2021-09": 0.23, "2021-12": 0.25, "2022-03": 0.29, "2022-06": 0.29, "2022-09": 0.28, "2022-12": 0.3, "2023-03": 0.3175, "2023-06": 0.3315, "2023-09": 0.37, "2023-12": 0.37, "2024-03": 0.39, "2024-06": 0.39, "2024-09": 0.39, "2024-12": 0.38, "2025-03": 0.41, "2025-06": 0.41, "2025-09": 0.3877,
EPS CAGR: 12.41%
EPS Trend: 93.2%
Last SUE: 1.64
Qual. Beats: 7

Revenue

Revenue of IBN over the last years for every Quarter: 2020-12: 404190.8, 2021-03: 336662.1, 2021-06: 353519.7, 2021-09: 394844.9, 2021-12: 398658, 2022-03: 322001.3, 2022-06: 392183.3, 2022-09: 451782.2, 2022-12: 478595, 2023-03: 394432.8, 2023-06: 520840, 2023-09: 572922.6, 2023-12: 594797.6, 2024-03: 664623.379, 2024-06: 672700.6, 2024-09: 729425.5, 2024-12: 746265.6, 2025-03: 797468.3, 2025-06: 745760.3, 2025-09: 761465.9,
Rev. CAGR: 18.84%
Rev. Trend: 94.6%
Last SUE: 0.64
Qual. Beats: 0

Dividends

Dividend Yield 0.84%
Yield on Cost 5y 1.88%
Yield CAGR 5y 61.72%
Payout Consistency 81.0%
Payout Ratio 15.7%
Risk via 5d forecast
Volatility 20.2%
Value at Risk 5%th 29.6%
Relative Tail Risk -10.81%
Reward TTM
Sharpe Ratio -0.31
Alpha -11.37
CAGR/Max DD 0.88
Character TTM
Hurst Exponent 0.424
Beta 0.265
Beta Downside 0.267
Drawdowns 3y
Max DD 13.64%
Mean DD 4.28%
Median DD 3.44%

Description: IBN ICICI Bank December 02, 2025

ICICI Bank Limited (NYSE:IBN) is a diversified Indian bank operating through Retail Banking, Wholesale Banking, Treasury, Insurance, and ancillary financial services. It offers a full suite of deposit products, a broad array of loan facilities-including consumer, SME, and corporate credit-as well as card services, wealth management, and digital banking platforms for both domestic and NRI customers.

As of FY 2024, the bank reported total assets of roughly ₹24 trillion and a net profit of ₹90 billion, driven by a 12 % YoY increase in loan growth and a net interest margin (NIM) of 4.2 %. The institution’s digital adoption rate now exceeds 70 % of active customers, aligning with the sector-wide shift toward fintech integration and supporting resilience amid India’s projected 6 % GDP expansion in 2025.

For a deeper quantitative dive and scenario analysis, you might find ValueRay’s data visualizations useful for tracking ICICI’s performance trends and peer comparisons.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (533.00b TTM) > 0 and > 6% of Revenue (6% = 183.06b TTM)
FCFTA -0.03 (>2.0%) and ΔFCFTA -9.08pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue -484.5% (prev -512.9%; Δ 28.37pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.04 (>3.0%) and CFO 1054.44b > Net Income 533.00b (YES >=105%, WARN >=100%)
Net Debt (476.71b) to EBITDA (1019.57b) ratio: 0.47 <= 3.0 (WARN <= 3.5)
Current Ratio 0.10 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (3.62b) change vs 12m ago 1.02% (target <= -2.0% for YES)
Gross Margin 68.62% (prev 67.35%; Δ 1.27pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 11.73% (prev 10.58%; Δ 1.15pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 0.93 (EBITDA TTM 1019.57b / Interest Expense TTM 907.88b) >= 6 (WARN >= 3)

Altman Z'' -2.69

(A) -0.55 = (Total Current Assets 1675.68b - Total Current Liabilities 16458.65b) / Total Assets 26864.85b
(B) 0.12 = Retained Earnings (Balance) 3318.07b / Total Assets 26864.85b
(C) 0.03 = EBIT TTM 843.79b / Avg Total Assets 26014.98b
(D) 0.28 = Book Value of Equity 6650.43b / Total Liabilities 23346.94b
Total Rating: -2.69 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 61.34

1. Piotroski 4.0pt
2. FCF Yield -7.66%
3. FCF Margin -26.23%
4. Debt/Equity 0.64
5. Debt/Ebitda 0.47
6. ROIC - WACC (= 4.71)%
7. RoE 16.76%
8. Rev. Trend 94.57%
9. EPS Trend 93.24%

What is the price of IBN shares?

As of December 19, 2025, the stock is trading at USD 29.69 with a total of 8,984,240 shares traded.
Over the past week, the price has changed by -1.69%, over one month by -4.93%, over three months by -7.39% and over the past year by -0.61%.

Is IBN a buy, sell or hold?

ICICI Bank has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy IBN.
  • Strong Buy: 3
  • Buy: 1
  • Hold: 0
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the IBN price?

Issuer Target Up/Down from current
Wallstreet Target Price 40.1 34.9%
Analysts Target Price 40.1 34.9%
ValueRay Target Price 31.1 4.8%

IBN Fundamental Data Overview December 11, 2025

Market Cap INR = 9970.53b (109.66b USD * 90.921 USD.INR)
P/E Trailing = 18.5183
P/E Forward = 16.9779
P/S = 0.0574
P/B = 2.9162
Beta = 0.271
Revenue TTM = 3050.96b INR
EBIT TTM = 843.79b INR
EBITDA TTM = 1019.57b INR
Long Term Debt = 2152.40b INR (from longTermDebt, last quarter)
Short Term Debt = 226.22b INR (from shortTermDebt, last fiscal year)
Debt = 2152.40b INR (from shortLongTermDebtTotal, last quarter)
Net Debt = 476.71b INR (from netDebt column, last quarter)
Enterprise Value = 10447.24b INR (9970.53b + Debt 2152.40b - CCE 1675.68b)
Interest Coverage Ratio = 0.93 (Ebit TTM 843.79b / Interest Expense TTM 907.88b)
FCF Yield = -7.66% (FCF TTM -800.22b / Enterprise Value 10447.24b)
FCF Margin = -26.23% (FCF TTM -800.22b / Revenue TTM 3050.96b)
Net Margin = 17.47% (Net Income TTM 533.00b / Revenue TTM 3050.96b)
Gross Margin = 68.62% ((Revenue TTM 3050.96b - Cost of Revenue TTM 957.27b) / Revenue TTM)
Gross Margin QoQ = 69.89% (prev 66.59%)
Tobins Q-Ratio = 0.39 (Enterprise Value 10447.24b / Total Assets 26864.85b)
Interest Expense / Debt = 10.23% (Interest Expense 220.17b / Debt 2152.40b)
Taxrate = 25.14% (48.08b / 191.26b)
NOPAT = 631.67b (EBIT 843.79b * (1 - 25.14%))
Current Ratio = 0.10 (Total Current Assets 1675.68b / Total Current Liabilities 16458.65b)
Debt / Equity = 0.64 (Debt 2152.40b / totalStockholderEquity, last quarter 3355.53b)
Debt / EBITDA = 0.47 (Net Debt 476.71b / EBITDA 1019.57b)
Debt / FCF = -0.60 (negative FCF - burning cash) (Net Debt 476.71b / FCF TTM -800.22b)
Total Stockholder Equity = 3179.40b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.98% (Net Income 533.00b / Total Assets 26864.85b)
RoE = 16.76% (Net Income TTM 533.00b / Total Stockholder Equity 3179.40b)
RoCE = 15.83% (EBIT 843.79b / Capital Employed (Equity 3179.40b + L.T.Debt 2152.40b))
RoIC = 11.82% (NOPAT 631.67b / Invested Capital 5345.10b)
WACC = 7.11% (E(9970.53b)/V(12122.93b) * Re(6.99%) + D(2152.40b)/V(12122.93b) * Rd(10.23%) * (1-Tc(0.25)))
Discount Rate = 6.99% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 0.71%
Fair Price DCF = unknown (Cash Flow -800.22b)
EPS Correlation: 93.24 | EPS CAGR: 12.41% | SUE: 1.64 | # QB: 7
Revenue Correlation: 94.57 | Revenue CAGR: 18.84% | SUE: 0.64 | # QB: 0
EPS current Year (2026-03-31): EPS=1.59 | Chg30d=+0.009 | Revisions Net=+2 | Growth EPS=+2.9% | Growth Revenue=-40.4%
EPS next Year (2027-03-31): EPS=1.81 | Chg30d=+0.010 | Revisions Net=+2 | Growth EPS=+14.3% | Growth Revenue=+13.6%

Additional Sources for IBN Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle