ICICIBANKFinancial Services

ICICI Bank Limited

Private Sector Bank · ISIN INE090A01021 · BSE 532174 · NSE EQ · FV ₹2
Last price
₹1,348
-0.82%today
What this company does

ICICI Bank Limited operates in Private Sector Bank, part of the Financial Services sector. It booked ₹52,241 cr of revenue in its latest quarter (Q1 FY27) and kept 31.0% of sales as profit. It is the 2nd largest of 9 Private Sector Bank companies we track, by market value.

In the report:
72out of 100
Equitytale Health Score
Solid

Healthier than 72% of companies in Financial Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 95–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
30

At close. Not part of the score.

Profitability & returns73

How much profit it earns on the money it employs

Cash quality87

Whether reported profit actually arrives as cash

Valuation41

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 31% net margin
Sales up 6% vs last year
Profit up 13% vs last year
No promoter shares pledged
Strong 17% return on equity
Watch-outs
! Operating cash flow is negative

What if I invest in ICICIBANK?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,348 -0.82%
latest close · 2026-09-17
1-year return
+92.8%
52-wk low ₹64252-wk high ₹1,474
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio15.6Average
LowAverageHigh
P/B ratio2.55Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity17.1%Strong
WeakFairStrong ▸15%
Net margin31.0%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.58Moderate
LowModerateHigh ▸1
More figures
Market cap
₹9.67 L cr
Book value
₹529
EPS
₹21.54
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
2.2%
Earnings yield
6.39%
P/S
4.63
Sales / share
₹291.3
Tax rate
23.9%
Face value
₹2
Shares
717.5 cr
Working capital
Current assets
Current liabilities
Delivery %
63.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹938 vs market price ₹1,348 — price is 44% above it
Safety cushion-43.7%(target ≥ +20%)
Models span ₹917₹958, midpoint ₹938
Model ₹938
Price ₹1,348
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Interest Earned₹52,241 cr
Other Income₹27,448 cr
Total Income₹79,689 cr
Interest Expended₹23,064 cr
Employee Cost₹6,912 cr
Other Operating Expenses₹27,110 cr
Total Expenditure₹57,085 cr
Operating Profit before Provisions₹22,604 cr
Provisions & Contingencies₹1,297 cr
Profit before Tax₹21,307 cr
Tax Expense₹5,097 cr
Share of Associates₹66 cr
Net Profit₹16,210 cr
Net margin on total income20.3%
Where the money goes

Not enough income-statement detail filed to break this down yet.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue48,364 cr49,594 cr52,241 cr
Total income76,782 cr84,614 cr79,689 cr
Expenses
Profit before tax17,754 cr20,744 cr21,307 cr
Tax4,343 cr5,132 cr5,097 cr
Net profit (owners' share)13,411 cr15,612 cr16,210 cr
Net margin (owners' share, on revenue)27.7%31.5%31.0%
EPS (₹)17.5420.6221.54
YoY (latest quarter): total income +6.9% · net profit +12.6%
Balance sheet & cash flow · as of Mar 2026
Total assets
₹29.14 L cr
Shareholder equity
₹3.80 L cr
parent shareholders
Borrowings
₹2.20 L cr
excl. customer deposits
Cash
Cash flow · H1 FY26
Operating
₹-17,361 cr
Investing
₹-18,807 cr
Financing
₹-10,746 cr

Lender caveat: a bank's operating cash swings with deposits and lending — this is loan-book activity, not distress.

Peer comparison
Private Sector Bank · by market value
CompanyPriceMarket capP/E
HDFC Bank Limited₹713₹10.98 L cr14.3
ICICI Bank Limitedthis company₹1,348₹9.67 L cr15.6
Kotak Mahindra Bank Limited₹417₹4.14 L cr18.9
Axis Bank Limited₹1,240₹3.86 L cr12.6
IDBI Bank Limited₹82₹88,051 cr10.3
The Federal Bank Limited₹333₹82,124 cr16.3
IndusInd Bank Limited₹958₹74,656 cr18.0
IDFC First Bank Limited₹86₹74,371 cr16.2
Yes Bank Limited₹23₹72,598 cr17.0
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.89%
trailing 12 months
Dividend / share (TTM)
₹12
Last dividend
₹12
ex 3 Aug 2026
ActionDetailEx-date
Dividend₹12 / share3 Aug 2026
Dividend₹11 / share12 Aug 2025
Dividend₹10 / share12 Aug 2024
Dividend₹8 / share9 Aug 2023
Dividend₹5 / share8 Aug 2022
Dividend₹2 / share29 Jul 2021
Who owns it · 2026-06-30
No pledge
Promoter
FII / Foreign
49.8%
DII / Domestic
42.3%
Retail / others
7.9%
Smart-money activity
Insider trades
BoughtSUDHANSHU MODI · Employees/Designated Employees11,990 · ₹30.0 L21 Oct 21
BoughtRakesh Jha · Key Managerial Personnel44,000 · ₹88.5 L21 Oct 21
BoughtRakesh Jha · Key Managerial Personnel46,750 · ₹71.5 L21 Oct 21
Bulk / block deals
short · NSE337 Sep 26
short · NSE104 Sep 26
short · NSE3,0263 Sep 26
Stake changes
SoldSBICAP Trustee Company Limited→ 0.00% · 2.12 L27 Mar 26
SoldLife insurance Corporation of India→ 4.73% · 12.70 cr13 Jan 26
BoughtSBICAP Trustee Company Limited→ 0.00% · 2.12 L27 Mar 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 25 Feb 2026
See the official result
1
Appointment of Ms. Vijayalakshmi Iyer ( DIN : 05242960) as an Indepnedent Director with effect from December 01, 2025
Backed by 76% of shareholders other than promotersneeded 75%
437.19 cr votes for, 138.39 cr against · 23% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹3,945 cr raised in Nov 2025 by private placement- unsecured, subordinated, listed, non-convertible, basel iii compliant tier 2 bonds, in the nature of debentures

As of Dec 2025, the company says it has spent 100% of what it set aside.

100% of the proceeds of the Issue shall be utilised towards augmenting Tier 2 Capital (as defined in the Basel III Regulations) and overall capital of the Issuer for strengthening its capital adequacy and for enhancing its long term resources.
100%
₹3,945 cr of ₹3,945 cr
₹1,000 cr raised in Jun 2025 by private placement - unsecured, subordinated, listed. non-convertible. basel iii compliant tier 2 bonds, in the nature of debentures

As of Jun 2025, the company says it has spent 100% of what it set aside.

100% of the proceeds of the Issue shall be utilized towards augmenting Tier 2 Capital (as defined in the Basel III Regulations) and overall capital of the Issuer for strengthening its capital adequacy and for enhancing its long term resources.
100%
₹1,000 cr of ₹1,000 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.