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ICICI Bank Limited, together with its subsidiaries, engages in the provision of various banking and financial services to corporate and retail customers in India and internationally. The company operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers asset management, securities brokerage, private equity, foreign exchange, agricultural and rural banking, equities underwriting, depositary share accounts, consumer durable goods financing, corporate salary and current account, savings and sovereign gold bonds, insurance policies, public offerings, investment, credit and protection, retail inward remittances, certificates of deposits, and payment and transaction banking products and services. It is also involved in the fee and commission-based activities; distribution of financial products; venture capital and real estate fund management business; treasury and rural banking operations; financial solutions; working capital financing; I-Process services, mutual funds, investment banking, and pension funds; and advisory activities. In addition, the company provides savings, salary, capital gains scheme, Hindu undivided family savings, real estate regulatory authority, government e-marketplace, current, trade, escrow, and foreign currency accounts. Further, it offers personal, home, car, education, gold, automobile, and commercial business loans, as well as loans against time deposits, securities, and property; and working capital loans, as well as credit, debit, prepaid, travel, forex, commercial, and corporate cards. Additionally, the company provides fixed income products; investment products; payments; general, accident, life, health, vehicle, and travel insurance products; cash management and merchant services; capital market and securities market services; and forex, derivatives, bullion, and bonds. The company was founded in 1955 and is headquartered in Mumbai, India.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
ICICI Bank Limited is a large Indian private-sector bank offering retail, corporate and digital banking services such as deposits, loans, payments and wealth management. Long-term growth may be supported by rising incomes, digital adoption, retail credit expansion and scale advantages from a broad deposit base. Investors may view the company as positioned for earnings growth given its diversified franchise and improving profitability.
Key risks include worsening asset quality from a macro slowdown or rate shocks, regulatory changes, intense competition and operational or governance failures that could pressure capital and earnings.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
| Income before tax | 773201.80M | 730042.10M | 615081.30M | 349957.00M | 349957.00M |
| Minority interest | -37285.50M | -35401.80M | -18241.40M | -14246.70M | -14281.60M |
| Net income | 542077.00M | 510292.00M | 442563.73M | 251101.00M | 251101.00M |
| Selling general administrative | 1070949.80M | 236299.40M | 304046.35M | 123416.00M | 123416.00M |
| Selling and marketing expenses | - | 52494.87M | 66279.54M | 49011.46M | 49011.46M |
| Gross profit | 2174509.50M | 2006535.30M | 1602466.25M | 56.68M | 1163696.50M |
| Reconciled depreciation | 31226.50M | 26903.80M | 19958.90M | 16455.90M | 14794.60M |
| Ebit | 773201.80M | 1620312.10M | 615081.30M | 747342.04M | 747342.04M |
| Ebitda | 804428.30M | 1647212.10M | 635040.16M | 762136.64M | 762136.64M |
| Depreciation and amortization | 31226.50M | 26900.00M | 19958.86M | 14794.60M | 14794.60M |
| Operating income | 773201.80M | 730042.10M | 615081.30M | 747342.04M | 747342.04M |
| Other operating expenses | 2347981.80M | 2217329.80M | 1738102.28M | 747285.36M | 747285.36M |
| Interest expense | 890285.80M | 890270.00M | 741081.63M | 411666.70M | 411666.70M |
| Tax provision | 193839.30M | 184348.30M | 154276.20M | 117934.40M | 84574.40M |
| Interest income | 1952184.60M | 1863314.70M | 1595159.20M | 1210668.10M | 954068.70M |
| Net interest income | 1061898.80M | 973038.20M | 854077.60M | 705234.20M | 542402.00M |
| Income tax expense | 193839.30M | 184348.30M | 154276.20M | 84574.40M | 84574.40M |
| Total revenue | 3121183.60M | 2945860.00M | 2353183.58M | 56.68M | 1163696.50M |
| Total operating expenses | 1401307.70M | 1277999.80M | 987384.95M | 747285.36M | 747285.36M |
| Cost of revenue | 946674.10M | 939330.00M | 750717.33M | - | - |
| Total other income expense net | - | -1040193.80M | -605276.94M | -397385.04M | -397385.04M |
| Net income from continuing ops | 579362.50M | 545693.80M | 460805.10M | 354613.10M | 265382.60M |
| Net income applicable to common shares | - | 510292.00M | 442563.73M | 340366.40M | 251101.00M |
| Breakdown | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
| Total assets | 29144979.70M | 26422414.10M | 23640630.27M | 17526373.80M | 15738122.40M |
| Intangible assets | - | - | 0.02M | - | - |
| Other current assets | - | 10732.73M | 8831.57M | - | 9917069.40M |
| Total liab | 25349266.00M | 23134987.71M | 20940307.77M | 15646040.00M | 14066364.00M |
| Total stockholder equity | 3630604.10M | 3139059.10M | 2561438.35M | 1820524.90M | 1575875.00M |
| Other current liab | 18300201.20M | 16460950.22M | 14473905.58M | -117877.28M | -67018.07M |
| Common stock | 14322.30M | 14246.00M | 14046.79M | 13899.70M | 13834.10M |
| Capital stock | 14322.30M | 14246.00M | 14046.80M | 13967.80M | 13899.70M |
| Retained earnings | 1482576.09M | 3104114.70M | 898257.80M | 2123401.30M | 1108334.39M |
| Other liab | - | - | - | 3374119.90M | 3116355.30M |
| Good will | 105500.50M | 84594.31M | 24741.62M | 1013.30M | 1076.70M |
| Other assets | - | 48410.02M | -51854.20M | 9504384.73M | 8677912.29M |
| Cash | 2649807.20M | 2383044.01M | 1901295.87M | 1831259.80M | 1475705.30M |
| Total current liabilities | 18300201.20M | 16729325.89M | 14685851.89M | 117877.28M | 67018.07M |
| Current deferred revenue | - | - | -38985.51M | - | - |
| Net debt | -447164.40M | -346546.54M | 108691.18M | -215233.00M | -36705.90M |
| Short term debt | - | 226221.34M | 172960.81M | 90353.07M | 42187.89M |
| Short long term debt | 245182.92M | 226221.34M | 172960.81M | 98022.85M | 90353.07M |
| Short long term debt total | 2202642.80M | 2036497.48M | 2009987.05M | 1616026.80M | 1438999.40M |
| Other stockholder equity | 26820.70M | 20698.40M | 14053.18M | 2664.10M | 31.00M |
| Property plant equipment | - | 158124.20M | 132402.76M | 109690.00M | 106054.10M |
| Total current assets | 2649807.20M | 3095547.92M | 2619467.84M | 2243944.46M | 1586331.31M |
| Long term investments | 8707198.80M | 8863768.10M | 8271625.10M | 6395519.70M | 5670977.20M |
| Net tangible assets | - | - | - | 2143964.70M | 1819511.60M |
| Short term investments | - | 937825.50M | 1648424.06M | -0.02M | -0.02M |
| Net receivables | 236595.72M | 701771.19M | 709340.40M | 108389.91M | 110626.01M |
| Long term debt | 2202642.80M | 2188834.40M | 2074280.00M | 1890618.10M | 1616026.80M |
| Inventory | - | - | -2337029.40M | - | - |
| Accounts payable | 42051.24M | 42154.33M | 38985.51M | 27524.21M | 24830.18M |
| Accumulated other comprehensive income | 3589461.10M | 3104114.70M | 2533338.38M | 1803961.10M | 1562009.90M |
| Non currrent assets other | 1061690.10M | 1872548.00M | 1888143.45M | 0.01M | -5473878.80M |
| Non current assets total | 26495172.50M | 23326866.21M | 21021162.43M | 5778044.61M | 5473878.80M |
| Long term debt total | - | 2188834.40M | 1901319.20M | 1890618.10M | 1525673.76M |
| Breakdown | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
| Investments | -94665.30M | -772883.60M | -1459310.90M | -680053.20M | -393214.40M |
| Change to liabilities | - | - | - | 0.00M | 0.00M |
| Total cashflows from investing activities | -130135.90M | -2365502.69M | -1459310.92M | -680053.20M | -393214.40M |
| Net borrowings | 18319.50M | 111929.81M | 181922.42M | 273281.00M | 180382.50M |
| Total cash from financing activities | -46605.50M | 2060363.51M | 137645.14M | 174510.00M | -546667.70M |
| Change to operating activities | - | - | - | -1685551.70M | -1139083.20M |
| Net income | 735916.40M | 516279.91M | 596839.96M | 335675.40M | 240486.80M |
| Change in cash | 509572.60M | 512545.57M | 263124.10M | 355554.50M | 197176.10M |
| Begin period cash flow | 2140234.60M | 1627689.03M | 1364564.93M | 1475705.30M | 1278529.20M |
| End period cash flow | 2649807.20M | 2140234.60M | 1627689.03M | 1831259.80M | 1475705.30M |
| Total cash from operating activities | 673254.20M | 822197.48M | 1572844.78M | 581114.30M | 1380153.00M |
| Issuance of capital stock | 13606.50M | 14375.20M | 11708.70M | 9420.70M | 7979.76M |
| Depreciation | 31226.50M | 26903.80M | 19958.86M | 14794.60M | 14713.70M |
| Other cashflows from investing activities | -92835.90M | -1659444.17M | -1422525.46M | -655376.40M | -374614.67M |
| Dividends paid | 78531.50M | 71238.91M | 55985.96M | -13852.30M | -13852.30M |
| Sale purchase of stock | - | 14375.20M | 11708.67M | 9420.70M | 13852.30M |
| Other cashflows from financing activities | - | 2003815.31M | 2329930.11M | 526412.80M | -173533.90M |
| Change to netincome | - | - | - | 96353.80M | 140044.20M |
| Capital expenditures | 37300.00M | 48259.79M | 36785.46M | 18599.70M | 16882.00M |
| Change in working capital | -561.40M | 227423.99M | 1036350.58M | 175174.50M | 1019900.10M |
| Stock based compensation | 9687.00M | 7901.50M | 7029.08M | 2669.20M | 77.60M |
| Other non cash items | -103014.30M | 78493.58M | -87333.69M | 52800.60M | 165723.90M |
| Free cash flow | 635954.20M | 773937.69M | 1536059.32M | 562514.60M | 1363271.00M |
Sector: Financial Services Industry: Banks - Regional
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
|---|---|---|---|---|---|---|---|
| IBN ICICI Bank Limited |
-0.17 0.47% |
34.58 | 18.09 | 17.27 | 0.05 | 2.64 | 5.38 |
| DBSDY DBS Group Holdings Ltd ADR |
-0.76 0.34% |
219.92 | 20.00 | 17.57 | 7.54 | 3.17 | 13.19 |
| CIHHF China Merchants Bank Co Ltd Class H |
- -% |
6.62 | 7.70 | 7.10 | 0.55 | 0.83 | 3.51 |
| CIHKY China Merchants Bank Co Ltd |
0.28 0.82% |
34.49 | 7.79 | 7.20 | 0.55 | 0.85 | 3.51 |
| UNCFF UniCredit SpA |
-0.46 0.49% |
92.86 | 11.53 | 10.27 | 5.72 | 1.83 | 8.22 |
ICICI Bank Limited, together with its subsidiaries, engages in the provision of various banking and financial services to corporate and retail customers in India and internationally. The company operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers asset management, securities brokerage, private equity, foreign exchange, agricultural and rural banking, equities underwriting, depositary share accounts, consumer durable goods financing, corporate salary and current account, savings and sovereign gold bonds, insurance policies, public offerings, investment, credit and protection, retail inward remittances, certificates of deposits, and payment and transaction banking products and services. It is also involved in the fee and commission-based activities; distribution of financial products; venture capital and real estate fund management business; treasury and rural banking operations; financial solutions; working capital financing; I-Process services, mutual funds, investment banking, and pension funds; and advisory activities. In addition, the company provides savings, salary, capital gains scheme, Hindu undivided family savings, real estate regulatory authority, government e-marketplace, current, trade, escrow, and foreign currency accounts. Further, it offers personal, home, car, education, gold, automobile, and commercial business loans, as well as loans against time deposits, securities, and property; and working capital loans, as well as credit, debit, prepaid, travel, forex, commercial, and corporate cards. Additionally, the company provides fixed income products; investment products; payments; general, accident, life, health, vehicle, and travel insurance products; cash management and merchant services; capital market and securities market services; and forex, derivatives, bullion, and bonds. The company was founded in 1955 and is headquartered in Mumbai, India.
| Name | Title | Year Born |
|---|---|---|
| Mr. Sandeep Bakhshi B.E. | MD, CEO & Exec. Director | 1960 |
| Mr. Sandeep Batra A.C.S., B.Com, B.Com., CA, CS, F.C.A. | Pres & Exec. Director | 1966 |
| Mr. Rakesh Jha BE, PGDM | Exec. Director | 1972 |
| Mr. Anup Bagchi B.Tech, PGDM | Head of Retail Banking & Exec. Director | 1971 |
| Mr. Anindya Banerjee | CFO & Head of Investor Relations | NA |
| Rajendra Khandelwal | Chief Accountant | NA |
| Mr. Pramod Rao BA, LLB | Group Gen. Counsel | 1974 |
| Mr. Ranganath Athreya | Company Sec. & Compliance Officer | 1966 |
| Dr. Sanjay R. Chougule | Group Chief Internal Auditor | 1964 |
| Mr. Akashdeep Sarpal | Country Head - USA | NA |
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