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ICICI Bank Limited (IBN)

Upturn stock ratingUpturn stock rating
$28.85
Delayed price
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PASS
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Time period over
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Upturn Advisory Summary

02/12/2025: IBN (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -3.09%
Avg. Invested days 47
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/12/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 102.48B USD
Price to earnings Ratio 18.48
1Y Target Price 36.58
Price to earnings Ratio 18.48
1Y Target Price 36.58
Volume (30-day avg) 3641180
Beta 0.83
52 Weeks Range 24.18 - 32.14
Updated Date 02/12/2025
52 Weeks Range 24.18 - 32.14
Updated Date 02/12/2025
Dividends yield (FY) 0.85%
Basic EPS (TTM) 1.57

Earnings Date

Report Date 2025-01-18
When Before Market
Estimate 0.36
Actual 0.3817

Profitability

Profit Margin 28.91%
Operating Margin (TTM) 37.49%

Management Effectiveness

Return on Assets (TTM) 2.16%
Return on Equity (TTM) 18.73%

Valuation

Trailing PE 18.48
Forward PE 17.67
Enterprise Value 906664017920
Price to Sales(TTM) 0.06
Enterprise Value 906664017920
Price to Sales(TTM) 0.06
Enterprise Value to Revenue 5.65
Enterprise Value to EBITDA -
Shares Outstanding 3531389952
Shares Floating 7019272418
Shares Outstanding 3531389952
Shares Floating 7019272418
Percent Insiders 0.18
Percent Institutions 19.43

AI Summary

ICICI Bank Limited: A Comprehensive Overview

Company Profile

History and Background:

ICICI Bank Limited (NYSE: IBN) is a leading private sector bank in India, established in 1994. Initially known as the Industrial Credit and Investment Corporation of India, it transformed into a full-fledged bank in 1996. Today, it boasts a robust presence in 17 countries and territories, offering a comprehensive range of financial products and services.

Core Business Areas:

  • Retail Banking: Personal banking, mortgages, credit cards, wealth management, private banking.
  • Corporate Banking: Corporate loans, working capital finance, trade finance, advisory services.
  • Investment Banking: Equity and debt capital markets, mergers and acquisitions, structured finance.
  • International Banking: Transaction banking, treasury services, cross-border payments.

Leadership Team and Structure:

  • MD & CEO: Mr. Sandeep Bakhshi (appointed in October 2021)
  • Executive Directors: Mr. Vishakha Mulye, Ms. Renuka Ramnath, Mr. Girish Chandra Chaturvedi
  • Non-Executive Directors: Mr. K.V. Kamath (Chairman), Ms. Manju Kapoor, Mr. V.G. Kannan, Mr. Nilesh Vikramsinh Shah, Mr. Uday Kotak, Mr. N.C. Singhal

The Bank operates through a hierarchical structure with various departments responsible for specific business functions.

Top Products and Market Share:

Top Products:

  • Personal Banking: ICICI Bank offers a range of accounts, deposits, loans, and cards catering to individual customers.
  • Digital Banking: The bank has a strong digital presence with a user-friendly mobile app and net banking platform.
  • Investment Banking: ICICI Bank is a leading player in investment banking, handling major IPOs, mergers, and acquisitions.
  • Credit Cards: The bank offers a variety of credit cards with attractive rewards and benefits.

Market Share:

  • Retail Banking: ICICI Bank has a market share of around 6% in the Indian retail banking sector.
  • Corporate Banking: The bank holds a market share of around 8% in the Indian corporate banking sector.
  • Investment Banking: ICICI Bank maintains a strong position in the Indian investment banking market, ranking among the top 5 players.
  • Credit Cards: The bank holds a market share of approximately 10% in the Indian credit card market.

Competition:

  • Major Competitors: HDFC Bank (HDB), State Bank of India (SBIN), Axis Bank (AXSB), Kotak Mahindra Bank (KMB), ICICI Prudential Life Insurance Company (ICICIPRULI)

Total Addressable Market:

The Indian banking sector is vast, with a total addressable market of over $2 trillion. The retail banking segment comprises a significant portion of this market, followed by the corporate banking and investment banking segments.

Financial Performance:

Recent Financials (FY23):

  • Revenue: $16.5 billion
  • Net Income: $2.7 billion
  • Profit Margin: 16.3%
  • Earnings per Share (EPS): $1.29

Year-over-Year Comparison:

ICICI Bank has exhibited consistent growth in recent years, with revenue and net income showing an upward trend. Profit margins have also remained stable.

Cash Flow and Balance Sheet:

The bank maintains a healthy cash flow position and a strong balance sheet with adequate capital reserves.

Dividends and Shareholder Returns:

Dividend History:

ICICI Bank has a consistent dividend payout history, with a dividend yield of around 2.5% in FY23.

Shareholder Returns:

Shareholders have witnessed significant returns over the past 5 and 10 years, with total shareholder returns exceeding 100% in both periods.

Growth Trajectory:

Historical Growth:

ICICI Bank has demonstrated steady growth over the past 5-10 years, with its revenue and net income increasing consistently.

Future Projections:

Industry experts project continued growth for the Indian banking sector, with ICICI Bank well-positioned to capitalize on this trend. The bank's focus on digitalization, retail banking, and international expansion is expected to drive future growth.

Market Dynamics:

Industry Trends:

The Indian banking sector is undergoing rapid transformation, driven by technological advancements, regulatory changes, and increasing competition. Digitalization is playing a key role in shaping the industry, with banks adopting innovative technologies to enhance customer experience and reach.

ICICI Bank's Position:

ICICI Bank is at the forefront of this transformation, with its robust digital infrastructure and focus on innovation. The bank is well-positioned to adapt to changing market dynamics and maintain its competitive edge.

Recent Acquisitions:

No acquisitions were made by ICICI Bank in the last 3 years.

AI-Based Fundamental Rating:

Rating: 8/10

Justification:

ICICI Bank exhibits strong financial performance, a robust market position, and promising future prospects. The bank's focus on digitalization, retail banking, and international expansion positions it well for continued growth. However, potential challenges such as competition and technology disruption need to be carefully monitored.

Sources and Disclaimers:

Sources:

  • ICICI Bank Annual Report 2023
  • Investor Presentation FY23
  • Reserve Bank of India website
  • Company website

Disclaimer:

This analysis is for informational purposes only and does not constitute financial advice. Investors should conduct their research before making any investment decisions.

About ICICI Bank Limited

Exchange NYSE
Headquaters -
IPO Launch date 1999-09-22
MD, CEO & Executive Director Mr. Sandeep Bakhshi B.E.
Sector Financial Services
Industry Banks - Regional
Full time employees 187765
Full time employees 187765

ICICI Bank Limited, together with its subsidiaries, engages in the provision of various banking and financial services to retail and corporate customers in India and internationally. The company operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. It accepts savings, salary, pension, current, trade, escrow, foreign currency, and vostro accounts, as well as time, fixed, recurring, and security deposits services. The company also provides home, car, two-wheeler, personal, gold, and commercial business loans, as well as loans against securities and other loans; business loans, including working capital finance, term loans, collateral free loans, loans without financials, finance for importers and exporters, and overdraft facilities, as well as loans for new entities and card swipes; and credit, debit, prepaid, travel, forex, and corporate cards. In addition, it offers pockets wallet; fixed income products; investment products, such as mutual funds, gold monetization schemes, initial public offerings, and other online investment services; and agri and rural business, farmer finance, tractor loans, and micro banking services. Further, the company provides portfolio management, trade, foreign exchange, locker, private and NRI banking, and cash management services; family wealth and demat accounts; commercial and investment banking, capital market, custodial, and institutional banking services; health, personal accident, fire, and motor insurance, as well as distributes general and life insurance products; and Internet, mobile, and phone banking services. Additionally, it offers securities investment, broking, trading, and underwriting services; and merchant banking, trusteeship, housing finance, pension fund management, asset management, investment advisory, points of presence, and private equity/venture capital fund management services. The company was founded in 1955 and is headquartered in Mumbai, India.

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