(IBN) ICICI Bank - Ratings and Ratios

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

Accounts, Loans, Cards, Deposits, Insurance

Stock: Diversified Banks
Age 26.3y

MCap 112,749m
Avg Vol 6.43M (199M USD)

Beta 0.269
Volatility 20.89%

EPS (Earnings per Share)

EPS CAGR: 4.68%
EPS Trend: 82.3%

Last SUE: -1.63
Qual. Beats: 0

Revenue

Rev. CAGR: 18.84%
Rev. Trend: 94.6%

Last SUE: 0.64
Qual. Beats: 0

Dividends

Dividend Yield	0.76%
Yield on Cost 5y	1.74%
Yield CAGR 5y	50.92%
Payout Consistency	84.1%
Payout Ratio	12.9%

Risk via 5d forecast
Volatility	20.9%
Value at Risk 5%th	30.4%
Relative Tail Risk	-11.55%

Reward TTM
Sharpe Ratio	0.22
Alpha	-0.79
CAGR/Max DD	0.88

Character TTM
Hurst Exponent	0.372
Beta	0.269
Beta Downside	0.265

Drawdowns 3y
Max DD	14.59%
Mean DD	4.25%
Median DD	3.19%

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
FCF/TA: -0.03 > 0.02 and ΔFCF/TA -9.08 > 1.0
NWC/Revenue: -484.5% < 20% (prev -512.9%; Δ 28.37% < -1%)
CFO/TA 0.04 > 3% & CFO 1054.44b > Net Income 533.00b
Net Debt (476.71b) to EBITDA (1019.57b): 0.47 < 3
Current Ratio: 0.10 > 1.5 & < 3
Outstanding Shares: last quarter (3.62b) vs 12m ago 1.02% < -2%
Gross Margin: 68.62% > 18% (prev 0.67%; Δ 6795 % > 0.5%)
Asset Turnover: 11.73% > 50% (prev 10.58%; Δ 1.15% > 0%)
Interest Coverage Ratio: 0.93 > 6 (EBITDA TTM 1019.57b / Interest Expense TTM 907.88b)

Altman Z'' (< 1.1 .. > 2.6) -2.69

A: -0.55 (Total Current Assets 1675.68b - Total Current Liabilities 16458.65b) / Total Assets 26864.85b
B: 0.12 (Retained Earnings 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)
Altman-Z'' Score: -2.69= D

ValueRay F-Score (Strict, 0-100) 61.01

1. Piotroski: 4.0pt
2. FCF Yield: -7.41%
3. FCF Margin: -26.23%
4. Debt/Equity: 0.64
5. Debt/Ebitda: 0.47
6. ROIC - WACC: 4.78%
7. RoE: 16.76%
8. Revenue Trend: 94.57%
9. EPS Trend: 82.27%

What is the price of IBN shares?

As of January 23, 2026, the stock is trading at USD 29.16 with a total of 6,624,214 shares traded.
Over the past week, the price has changed by -5.39%, over one month by -2.77%, over three months by -8.24% and over the past year by +6.68%.

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	38.7	32.8%
Analysts Target Price	38.7	32.8%
ValueRay Target Price	32.4	11.1%

IBN Fundamental Data Overview January 19, 2026

Market Cap INR = 10328.18b (112.75b USD * 91.603 USD.INR)
P/E Trailing = 18.8232
P/E Forward = 17.2712
P/S = 0.0586
P/B = 2.9728
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 = 10804.90b INR (10328.18b + Debt 2152.40b - CCE 1675.68b)
Interest Coverage Ratio = 0.93 (Ebit TTM 843.79b / Interest Expense TTM 907.88b)
EV/FCF = -13.50x (Enterprise Value 10804.90b / FCF TTM -800.22b)
FCF Yield = -7.41% (FCF TTM -800.22b / Enterprise Value 10804.90b)
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 = 0.40 (Enterprise Value 10804.90b / 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 = 2.05% (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 = 7.04% (E(10328.18b)/V(12480.58b) * Re(6.91%) + D(2152.40b)/V(12480.58b) * Rd(10.23%) * (1-Tc(0.25)))
Discount Rate = 6.91% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.71%
Fair Price DCF = unknown (Cash Flow -800.22b)
EPS Correlation: 82.27 | EPS CAGR: 4.68% | SUE: -1.63 | # QB: 0
Revenue Correlation: 94.57 | Revenue CAGR: 18.84% | SUE: 0.64 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.43 | Chg30d=+0.004 | Revisions Net=+1 | Analysts=1
EPS current Year (2026-03-31): EPS=1.58 | Chg30d=-0.009 | Revisions Net=-1 | Growth EPS=+2.3% | Growth Revenue=-40.4%
EPS next Year (2027-03-31): EPS=1.81 | Chg30d=-0.005 | Revisions Net=-1 | Growth EPS=+14.6% | Growth Revenue=+13.6%

Additional Sources for IBN Stock

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