(IBN) ICICI Bank - Overview

Sector: Financial Services | Industry: Banks - Regional | Exchange: NYSE (USA) | Market Cap: 91.658m USD | Total Return: -14.8% in 12m

Loans, Accounts, Cards, Insurance, Investments
Total Rating 25
Safety 31
Buy Signal -0.54
Banks - Regional +8.3
Diversified Banks +8.6
Market Cap: 91,658m
Avg Trading Vol: 167M USD
ATR: 2.30%
Peers RS (IBD): 2.8
Risk 5d forecast
Volatility22.3%
Rel. Tail Risk-12.6%
Reward TTM
Sharpe Ratio-1.06
Alpha-25.07
Character TTM
Beta0.267
Beta Downside0.372
Drawdowns 3y
Max DD26.19%
CAGR/Max DD0.25
EPS (Earnings per Share) EPS (Earnings per Share) of IBN over the last years for every Quarter: "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, "2025-12": 0.3475, "2026-03": 0,
EPS CAGR: -44.07%
EPS Trend: -8.3%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of IBN over the last years for every Quarter: 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, 2025-12: 774904.455, 2026-03: null,
Rev. CAGR: 26.39%
Rev. Trend: 93.9%
Last SUE: 0.66
Qual. Beats: 0
Warnings

No concerns identified

Positives

No positives identified

Description: IBN ICICI Bank

ICICI Bank Limited (IBN) is a diversified Indian bank offering a broad range of financial services to retail and corporate clients domestically and internationally. The company operates through several segments including Retail Banking, Wholesale Banking, Treasury, and insurance arms, which is typical for large, diversified financial institutions.

Its product offerings span various account types, deposit products, and a comprehensive suite of loans including home, auto, personal, and commercial loans. The bank also provides diverse card services, investment products like mutual funds and IPOs, and specialized services for agriculture and rural businesses. The financial services sector in India is experiencing rapid growth, driven by increasing financial inclusion and digital adoption.

Beyond traditional banking, IBN offers wealth management, trade finance, foreign exchange, and custodial services. The company also engages in capital market activities, securities trading, and asset management, reflecting a common strategy among large banks to capture multiple revenue streams within the financial ecosystem. To gain deeper insights, continue your research on ValueRay.

Headlines to Watch Out For
  • Indian economic growth fuels loan demand and deposit base
  • Interest rate fluctuations impact net interest margin
  • Asset quality deterioration increases loan loss provisions
  • Regulatory changes affect capital requirements and compliance costs
  • Competition from fintech and public sector banks pressures market share
Piotroski VR‑10 (Strict) 5.0
Net Income: 530.59b TTM > 0 and > 6% of Revenue
FCF/TA: 0.03 > 0.02 and ΔFCF/TA -3.26 > 1.0
NWC/Revenue: -491.5% < 20% (prev -490.1%; Δ -1.43% < -1%)
CFO/TA 0.04 > 3% & CFO 1054.44b > Net Income 530.59b
Net Debt (2008.02b) to EBITDA (1014.28b): 1.98 < 3
Current Ratio: 0.11 > 1.5 & < 3
Outstanding Shares: last quarter (3.63b) vs 12m ago 1.14% < -2%
Gross Margin: 68.65% > 18% (prev 0.68%; Δ 6.80k% > 0.5%)
Asset Turnover: 11.65% > 50% (prev 11.11%; Δ 0.54% > 0%)
Interest Coverage Ratio: 0.94 > 6 (EBITDA TTM 1014.28b / Interest Expense TTM 902.10b)
Altman Z'' -3.19
A: -0.55 (Total Current Assets 1793.77b - Total Current Liabilities 16930.72b) / Total Assets 27534.71b
B: 0.01 (Retained Earnings 319.20b / Total Assets 27534.71b)
C: 0.03 (EBIT TTM 843.79b / Avg Total Assets 26424.79b)
D: 0.16 (Book Value of Equity 3781.67b / Total Liabilities 23877.95b)
Altman-Z'' Score: -3.19 = D
Beneish M -2.25
DSRI: 1.89 (Receivables 1466.15b/709.34b, Revenue 3079.60b/2813.02b)
GMI: 0.99 (GM 68.65% / 67.88%)
AQI: 1.01 (AQ_t 0.93 / AQ_t-1 0.93)
SGI: 1.09 (Revenue 3079.60b / 2813.02b)
TATA: -0.02 (NI 530.59b - CFO 1054.44b) / TA 27534.71b)
Beneish M-Score: -2.25 (Cap -4..+1) = BBB
What is the price of IBN shares? As of April 06, 2026, the stock is trading at USD 25.61 with a total of 5,427,800 shares traded.
Over the past week, the price has changed by +1.63%, over one month by -10.98%, over three months by -14.86% and over the past year by -14.78%.
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.
  • StrongBuy: 3
  • Buy: 1
  • Hold: 0
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the IBN price?
Wallstreet Target Price 39.1 52.8%
Analysts Target Price 39.1 52.8%
IBN Fundamental Data Overview as of 01 April 2026
Market Cap INR = 8522.21b (91.66b USD * 92.978 USD.INR)
P/E Trailing = 16.3636
P/E Forward = 15.1286
P/S = 0.0476
P/B = 2.453
P/EG = 0.5248
Revenue TTM = 3079.60b INR
EBIT TTM = 843.79b INR
EBITDA TTM = 1014.28b INR
Long Term Debt = 2154.36b INR (from longTermDebt, last quarter)
Short Term Debt = 226.22b INR (from shortTermDebt, last fiscal year)
Debt = 2154.36b INR (from shortLongTermDebtTotal, last quarter)
Net Debt = 2008.02b INR (from netDebt column, last quarter)
Enterprise Value = 10530.23b INR (8522.21b + Debt 2154.36b - CCE 146.34b)
Interest Coverage Ratio = 0.94 (Ebit TTM 843.79b / Interest Expense TTM 902.10b)
EV/FCF = 13.61x (Enterprise Value 10530.23b / FCF TTM 773.94b)
FCF Yield = 7.35% (FCF TTM 773.94b / Enterprise Value 10530.23b)
FCF Margin = 25.13% (FCF TTM 773.94b / Revenue TTM 3079.60b)
Net Margin = 17.23% (Net Income TTM 530.59b / Revenue TTM 3079.60b)
Gross Margin = 68.65% ((Revenue TTM 3079.60b - Cost of Revenue TTM 965.51b) / Revenue TTM)
Gross Margin QoQ = 68.09% (prev 69.89%)
Tobins Q-Ratio = 0.38 (Enterprise Value 10530.23b / Total Assets 27534.71b)
Interest Expense / Debt = 10.24% (Interest Expense 220.56b / Debt 2154.36b)
Taxrate = 24.36% (43.79b / 179.72b)
NOPAT = 638.21b (EBIT 843.79b * (1 - 24.36%))
Current Ratio = 0.11 (Total Current Assets 1793.77b / Total Current Liabilities 16930.72b)
Debt / Equity = 0.62 (Debt 2154.36b / totalStockholderEquity, last quarter 3487.45b)
Debt / EBITDA = 1.98 (Net Debt 2008.02b / EBITDA 1014.28b)
Debt / FCF = 2.59 (Net Debt 2008.02b / FCF TTM 773.94b)
Total Stockholder Equity = 3319.55b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.01% (Net Income 530.59b / Total Assets 27534.71b)
RoE = 15.98% (Net Income TTM 530.59b / Total Stockholder Equity 3319.55b)
RoCE = 15.41% (EBIT 843.79b / Capital Employed (Equity 3319.55b + L.T.Debt 2154.36b))
RoIC = 11.64% (NOPAT 638.21b / Invested Capital 5481.32b)
WACC = 7.09% (E(8522.21b)/V(10676.57b) * Re(6.92%) + D(2154.36b)/V(10676.57b) * Rd(10.24%) * (1-Tc(0.24)))
Discount Rate = 6.92% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 100.0 | Cagr: 0.75%
[DCF] Terminal Value 75.10% ; FCFF base≈1078.79b ; Y1≈708.27b ; Y5≈323.90b
[DCF] Fair Price = 1.60k (EV 7720.32b - Net Debt 2008.02b = Equity 5712.31b / Shares 3.58b; r=7.09% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -8.31 | EPS CAGR: -44.07% | SUE: -4.0 | # QB: 0
Revenue Correlation: 93.95 | Revenue CAGR: 26.39% | SUE: 0.66 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.43 | Chg7d=+0.001 | Chg30d=+0.001 | Revisions Net=+1 | Analysts=1
EPS next Year (2027-03-31): EPS=1.78 | Chg7d=+0.002 | Chg30d=-0.026 | Revisions Net=-1 | Growth EPS=+16.6% | Growth Revenue=+13.9%
External Resources
Dataroma Stockcircle