NSE/ICICIBANK

ICICIBANKICICI Bank Ltd

Financial Services · NSE

₹1,346.8+0.10%

52-wk low52-WEEK RANGE52-wk high

₹1,205.9+11.7% from low ·-9.5% from high₹1,488.6

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

ICICIBANK+3.54% · 1Y

Range high ₹1,500Range low ₹1,187.6Latest ₹1,346.8252 bars · daily-close · NSE bhavcopy + 10Y history

Financial ServicesBanks - RegionalLargecapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite63/100

Performance

Low

Hasn't fared well — amongst the weak performers.

· 52w return -4.5% — underperformer
· Below 200-DMA (-1.4%) — downtrend

Valuation

Medium

Valuation close to the sector median.

· P/E 18.5 close to sector median 18.5
· PEG 0.53 — growth is priced attractively

Growth

High

Growing faster than the broader market.

· Revenue YoY +66.9% — strong top-line
· 3Y revenue CAGR +20.7% — consistent compounder

Profitability

High

Showing good signs of profitability & efficiency.

· ROE 16.4%
· Net margin 42.2% — strong pricing power

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeB(63/100)

Durability

72/100

Reasonable financial health; watch the weaker inputs.

Show 2 drivers

Piotroski F-score6/8 (75pt)
ROE16.4% (65pt)

Valuation

60/100

Fairly priced — not a bargain, not stretched.

Show 4 drivers

P/E vs sector (18.5 / 18.5)100% (60pt)
PEG0.53 (100pt)
P/B2.78 (40pt)
Dividend yield0.82% (21pt)

Momentum

56/100

Constructive setup — momentum building, not extended.

Show 5 drivers

52w change-4.5% (39pt)
DMA-trend alignmentsideways (50pt)
RSI (14)59.7 (95pt)
Price vs 200-DMA-2.5% (50pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)18.51

FAIR

CheapestP/E 18.5 near sector median.Most expensive

P/B2.78

FAIR

CheapestP/B 2.78 at 59th %ile of sector.Most expensive

Monthly seasonality

Avg monthly return over 11 years · historical — not a forecast

Best: Oct +6.52% · Worst: Sep -3.03%

Jan

+0.6%

64% win

Feb

-2.8%

42% win

Mar

-0.9%

50% win

Apr

+4.9%

100% win

May

+2.0%

73% win

Jun

-0.6%

Monthly return distribution

Distribution of 135 monthly returns

Mean

+1.37%

Median

+1.28%

Std dev

7.83%

Best

+24.5%

Worst

-34.9%

% positive

59%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 3

Consistent top-line growth (20.7% 3Y CAGR)
Sustained revenue compounding is rare and hard to fake
Strong net margin (42.2%)
High margin indicates pricing power + operating efficiency
Top quartile ROE in Financial Services
Rank 14 of 58 peers

WEAKNESSES · 0

No material weaknesses flag from the numbers

OPPORTUNITIES · 2

22% upside to consensus target (₹1658)
39 analysts see fair value materially higher
Growth at reasonable price (PEG 0.53)
Top-line expanding 67% YoY while PEG < 1

THREATS · 0

No immediate threats from the data

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+0.1%

+1.9%

+7.3%

-6.1%

-1.8%

+3.6%

+16.0%

+16.2%

10Y

+20.7%

Fundamentals

VALUATION

Market cap

₹9,71,609 Cr

P/E (TTM)

18.5

P/E (fwd)

15.0

next 12m

P/B

2.78

EV/EBITDA

—

Book value

₹487.64

per share

PROFITABILITY · QUALITY

ROE

16.4%

ROCE

—

Net margin

42.2%

Op margin

33.3%

Gross margin

0.0%

D/E

—

GROWTH · MARKET

Rev YoY

+66.9%

Profit YoY

+8.3%

Div yield

0.82%

Payout

15.0%

52w change

-4.5%

Beta

0.29

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 5

+Forward P/E materially below trailing (15.0x vs 18.5x)Street expects earnings growth that compresses the multiple — positive surprise cushion
+Strong operating margin (33.3%)Meaningful pricing power or cost discipline — above most Indian companies
+Revenue growing at +66.9% YoYGrowth-category territory — implies market-share gains or market expansion
+3-year revenue CAGR of 20.7%Sustained multi-year growth — not a one-quarter flash
+3-year profit CAGR of 26.7%Consistently compounding earnings — the Buffett playbook

CONS · 0

No material concerns surface from the ratios alone — still layer qualitative research.

Sector-relative context

Financial Services · 58 peers

P/E (TTM)

This stock

18.51

Sector median

18.51

Rank 28/58 (53th %ile)

ROE

This stock

16.4%

Sector median

13.6%

Rank 45/58 (24th %ile)

P/B

This stock

2.78

Sector median

2.13

Rank 34/58 (43th %ile)

Quality score · Piotroski F-score

6 / 8

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✓Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✓Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✗ROA improved YoY· Getting more productive with the asset base
—Operating margin expanded YoY· Pricing power or cost discipline
✗

Analyst consensus

39 analysts · STRONG_BUY

Target mean

₹1658.49

Target high

₹1860.00

Target low

₹1470.00

Upside vs today

+22.3%

Street consensus target is +22.3% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Banks - Regional

Shares out

716.4

Revenue (TTM)

₹2,17,451 Cr

Total debt

₹2,20,264 Cr

Cash

₹2,64,981 Cr

Net debt

₹-44,716 Cr

Quarterly results

Last 6 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q3	2025-Q4
Revenue	—	51,993	55,856	51,486	54,129	54,908
Interest	—	22,633	23,047	23,090	22,017	21,874
PBT	—	18,501	19,143	19,557	19,126	17,824

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	1,16,364	1,35,581	1,61,210	2,04,715
Interest	41,167	50,543	74,108	89,028
Depreciation	1,470	1,635	1,996	2,690
PBT	26,538	35,461	61,508	73,004

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
ICICIBANKTHIS ICICI Bank Limited	₹1,346.8	-4.5%	9,71,609	18.5	2.78	16.4%	—	+66.9%
HDFCBANK HDFC Bank Limited	₹799.9	-58.5%	12,24,457	17.8	2.17	13.8%	—	-1.8%
SBIN State Bank of India	₹1,080.25	+32.3%	10,22,614	12.1	1.73	14.3%	—	+14.5%
BAJFINANCE Bajaj Finance Limited	₹908.25	-90.2%	5,70,505	31.7	5.52	17.4%	3.10	+6.4%
AXISBANK Axis Bank Limited	₹1,359.1	+11.1%	4,21,100	16.1	2.03	13.6%	—	+5.7%
KOTAKBANK Kotak Mahindra Bank Limited	₹383.6	-82.9%	3,77,170	20.1	2.24	11.2%	—	+24.2%
BAJAJFINSV Bajaj Finserv Limited	₹1,838.9	-12.6%	2,92,438	30.5	3.81	12.5%	2.38	+24.8%
SHRIRAMFIN Shriram Finance Limited	₹1,036.95	+47.5%	2,45,891	21.5	3.24	15.1%	2.79	+21.4%
SBILIFE SBI Life Insurance Company Limited	₹1,970.9	+21.0%	1,98,863	80.5	10.46	13.9%	—	+144.5%

AMC	Scheme	Value ₹Cr	% of scheme	Shares
HDFC Mutual Fund	HDFC Flexi Cap Direct Growth	1,647.2	4.89%	116.00 L
SBI Mutual Fund	SBI Bluechip Direct Growth	1,306.4	6.58%	92.00 L

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Date	Amount
2025-08-12	₹11.00
2024-08-12	₹10.00
2023-08-09	₹8.00
2022-08-08	₹5.00
2021-07-29	₹2.00
2019-07-22	₹1.00
2018-08-24	₹1.50
2017-06-20	₹2.27
2016-06-16	₹4.55

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	1,390	1,397	1,405	1,425
Reserves	—	—	89,826	1,18,385
Borrowings	1,58,502	1,83,509	2,00,999	2,03,650
Total liabilities	17,52,637	19,58,491	23,64,063	26,42,241
Fixed assets	10,605	10,969	13,240	15,812
Total assets	17,52,637	19,58,491	23,64,063	26,42,241

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	58,111	-3,771	1,57,284	1,22,805
CF Investing	-39,321	-68,005	-1,45,931	-77,288
CF Financing	17,451	24,791	13,765	5,589
Net cash flow	35,555	-46,669	26,312	51,255
Free cash flow	56,251	-6,239	1,53,606	1,18,035

Metric	2025-FY	2024-FY	2023-FY	2022-FY
Net margin %	24.9%	27.5%	25.1%	21.6%
ROE %	48.4%	48.5%	—	—
ROCE %	52.6%	46.4%	—	—
Debt / Equity	1.70	2.20	—	—
Dividend payout %	14%	13%	10%	6%
Interest coverage	1.8×	1.8×	1.7×	1.6×
Revenue growth YoY	+27.0%	+18.9%	+16.5%	—
Profit growth YoY	+15.3%	+30.0%	+35.5%	—

ICICIBANKICICI Bank Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Financial Services

Mutual fund holdings

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Technical snapshot

Dividends + splits history

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Recent news

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Mutual fund holdings

Ratios

Peer comparison · Financial Services