MarketFriction

ICICI Bank Ltd

NSE ICICIBANK · BSE 532174 · Private Sector Bank
₹1,310.60 -0.84%
NSE close2026-10-01
52 week range1,187.60 - 1,480.00
Market cap₹9,27,638 Cr.
P/E16.5
Results 17-10 Nifty 50Nifty 100Nifty 200Nifty 500Nifty BankNifty Private BankNifty Financial Services No price band Delivery 57.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue38,93840,86542,60744,58246,32647,03748,38749,08048,18148,36449,59452,241
Interest17,90819,40920,42421,12222,22522,63323,04723,09022,01721,87422,04723,064
Expenses24,56024,92930,60429,38732,22133,51037,58831,99135,06537,15441,82335,318
Financing Profit-3,530-3,473-8,421-5,927-8,120-9,106-12,248-6,002-8,901-10,664-14,276-6,141
Financing Margin %-9%-8%-20%-13%-18%-19%-25%-12%-18%-22%-29%-12%
Other Income18,69018,61524,57522,68826,61727,58931,36125,49627,96628,41835,02027,448
Depreciation000000000000
Profit before tax15,16015,14216,15416,76118,49618,48319,11319,49419,06517,75420,74421,307
Tax %25%26%26%26%25%25%25%26%25%24%25%24%
Net Profit11,35111,51512,20012,46313,90613,84714,35414,45614,31813,48115,68116,276
EPS in Rs15.5615.7616.6216.6218.3818.2518.9619.0018.7017.5320.6121.52
Gross NPA %
Net NPA %
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue59,29460,94062,16271,98284,83689,16395,407121,067159,516186,331195,218198,379
Interest33,99634,83634,26239,17844,66642,65941,16750,54374,10889,02889,02989,002
Expenses52,25263,84172,80683,77585,36191,30980,79887,86499,560130,078142,971149,359
Financing Profit-26,955-37,737-44,906-50,971-45,190-44,805-26,558-17,341-14,152-32,775-36,782-39,982
Financing Margin %-45%-62%-72%-71%-53%-50%-28%-14%-9%-18%-19%-20%
Other Income42,10252,45856,80759,32564,95072,17462,12965,11276,522108,255116,900118,852
Depreciation8439129229461,1711,3401,3301,5151,9352,6273,0610
Profit before tax14,30413,80910,9787,40818,58926,02834,24146,25660,43472,85477,05778,870
Tax %24%18%17%23%40%22%25%26%26%25%25%
Net Profit10,92711,3409,1005,68911,22520,36426,53835,46146,08154,56957,93659,756
EPS in Rs15.9215.9012.006.6014.7826.5836.1448.7463.0271.6575.7178.36
Dividend Payout %29%14%12%15%0%8%14%16%16%15%16%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%17%17%4%
Compounded Profit Growth18%24%17%6%
Stock Price CAGR19%13%11%-4%
Return on Equity14%17%17%16%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1,1601,1631,1651,2861,2891,2951,3831,3901,3971,4051,4251,432
Reserves83,54592,948103,467109,344112,964121,665156,204180,663213,101254,739312,481361,628
Deposits478,042482,401530,204585,796681,317800,784959,9401,091,3661,210,8321,443,5801,641,6371,830,020
Borrowing119,165189,054170,670229,402210,324213,852143,900161,603189,062207,428218,883220,264
Other Liabilities144,167153,190180,219198,453232,899239,696312,385317,616344,099456,911467,815501,153
Total Liabilities826,079918,756985,7251,124,2811,238,7941,377,2921,573,8121,752,6371,958,4902,364,0632,642,2412,914,498
Fixed Assets5,8718,7139,3389,4659,66010,40910,80910,70711,07015,71424,27227,970
CWIP000000000000
Investments274,311286,044304,373372,208398,201443,473536,579567,098639,552827,163886,377870,720
Other Assets545,897623,999672,013742,608830,933923,4111,026,4241,174,8331,307,8681,521,1861,731,5932,015,808
Total Assets826,079918,756985,7251,124,2811,238,7941,377,2921,573,8121,752,6371,958,4902,364,0632,642,2412,914,498
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-12,27323,64552,63619,38348,67179,565138,01558,111-3,771157,284122,80567,325
Cash from Investing Activity-13,175-12,060-1,711-50,551-30,282-42,095-63,631-40,007-67,689-144,737-77,140-11,708
Cash from Financing Activity24,8275,814-35,47039,676-19,9972,992-54,66717,45124,79113,7655,589-4,661
Net Cash Flow-62117,39915,4558,508-1,60840,46219,71835,555-46,66926,31251,25550,957
Free Cash Flow-13,48122,86751,33418,36747,57077,717136,33956,369-5,951153,676118,10063,778
CFO/OP-43%428%-2,018%-224%-484%-15,611%-6,609%432%21%285%251%161%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %15%11%10%7%4%8%13%15%17%19%18%16%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
FIIs44.39%43.65%44.77%45.48%46.22%45.70%45.83%46.77%45.56%43.87%34.48%33.79%
DIIs45.27%46.00%45.10%44.45%44.17%44.95%44.77%43.91%45.06%46.74%39.94%42.32%
Government0.26%0.27%0.28%0.28%0.27%0.27%0.27%0.27%0.27%0.27%0.22%0.22%
Public10.09%10.09%9.84%9.79%9.34%9.08%9.12%9.06%9.11%9.13%25.36%23.68%
No. of Shareholders17,90,87918,02,20717,85,57218,03,05118,12,90718,45,31119,02,50318,75,92420,20,38221,39,59520,82,90121,04,810

Fundamentals

Market Cap₹ 9,27,638 Cr.
Current Price₹ 1,292
Stock P/E16.5
Book Value₹ 527
ROCE7.18 %
ROE15.9 %
Dividend Yield0.93 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)4%
Compounded Profit Growth (TTM)6%
Consolidated figures.
Valuation
Market capRs 938,439 Cr
Enterprise valueRs 2,867,486 Cr
P/E (TTM)16.73x
Price to book2.58x
Price to sales4.73x
EV / EBITDA16.78x
EV / EBIT17.08x
EV / sales14.45x
Price to cash flow13.94x
Earnings yield5.98%
Dividend yield0.92%
P/E, 3-year average17.37x
P/B, 3-year average2.81x
P/E, 5-year average18.06x
P/B, 5-year average2.82x
Profitability
Operating margin (excl. other income)26.76%
Operating margin (incl. other income)86.64%
EBITDA margin86.16%
Pre-tax margin39.76%
Net profit margin28.27%
Net margin, latest quarter29.56%
ROE16.01%
ROCE7.24%
ROA1.95%
ROE, 3-year average17.57%
ROCE, 3-year average7.60%
ROA, 3-year average2.01%
ROE, 5-year average16.94%
ROCE, 5-year average6.95%
ROA, 5-year average1.88%
ROIC (approx.)5.48%
Tax rate25.16%
Other income / net worth32.20%
Growth
Sales growth (latest year)4.77%
Profit growth (latest year)6.23%
Sales CAGR, 3 years17.26%
Sales CAGR, 5 years16.97%
Profit CAGR, 3 years16.78%
Profit CAGR, 5 years24.14%
Sales growth QoQ5.34%
Profit growth QoQ4.64%
Sales growth YoY (latest quarter)6.44%
Profit growth YoY (latest quarter)13.88%
Per share
EPS (TTM)Rs 78.33
EPS (latest year)Rs 75.71
EPS (latest quarter)Rs 21.56
EPS, 3-year averageRs 70.12
EPS, 5-year averageRs 59.05
Book value per shareRs 507.04
Sales per shareRs 277.05
Cash flow per shareRs 94.02
Free cash flow per shareRs 89.07
Dividend per share (latest year)Rs 12.00
Dividend per share, 3-year averageRs 11.00
Dividend per share, 5-year averageRs 9.20
Dividends
Dividend payout15.85%
Dividend payout, 3-year average15.69%
Dividend payout, 5-year average15.47%
Efficiency
Asset turnover0.07x
Fixed asset turnover6.98x
Leverage
Total debtRs 2,050,284 Cr
Cash and bankRs 121,237 Cr
Net debtRs 1,929,047 Cr
Debt to equity5.65x
Net debt / EBITDA11.29x
Interest coverage1.89x
Owners' fund to total sources12.46%
Debt to assets70.35%
Cash flow
Cash from Operating Activity (latest year)Rs 67,325 Cr
Cash from Investing Activity (latest year)Rs -11,708 Cr
Cash from Financing Activity (latest year)Rs -4,661 Cr
Net Cash Flow (latest year)Rs 50,957 Cr
Free cash flow (latest year)Rs 63,778 Cr
FCFE (approx.: FCF + change in debt)Rs 253,542 Cr
Cash from ops / profit, 5 years1.82x
Sales to cash flow2.90x
Statement figures
Net sales (TTM)Rs 198,379 Cr
Net sales (latest year)Rs 195,218 Cr
Sales (latest quarter)Rs 52,241 Cr
Operating profit excl. other income (latest year)Rs 52,247 Cr
Operating profit (latest quarter)Rs 16,922 Cr
Other income (TTM)Rs 118,852 Cr
EBITDA (TTM)Rs 170,933 Cr
PBDT (TTM)Rs 81,931 Cr
Profit before tax (TTM)Rs 78,870 Cr
Tax (latest year)Rs 19,384 Cr
Net profit (TTM)Rs 56,090 Cr
Net profit (latest year)Rs 54,208 Cr
Net profit (latest quarter)Rs 15,440 Cr
Depreciation (TTM)Rs 3,061 Cr
Interest (TTM)Rs 89,002 Cr
Cost of goods sold (latest year)Rs 4,695 Cr
Total expenditure (latest year)Rs 142,971 Cr
Total income (latest year)Rs 312,118 Cr
Share capitalRs 1,432 Cr
ReservesRs 361,628 Cr
Shareholders' fundsRs 363,060 Cr
Total assetsRs 2,914,498 Cr
Net blockRs 27,970 Cr
InvestmentsRs 870,720 Cr
Other liabilitiesRs 501,153 Cr
Shares outstanding (crore)716.04
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 16.7 is at the 2th percentile of its own 9.4-year range (median 24.6, low 16.3, high 90.7).
P/B 2.58 is at the 27th percentile (median 3.12).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodICICIBANKNifty 50Difference
1 week-1.8%-2.8% +1.0 pts
1 month-8.9%-6.8% -2.1 pts
3 months-7.1%-7.6% +0.5 pts
6 months+8.7%+0.4% +8.3 pts
1 year-4.7%-9.9% +5.2 pts
2 years-0.9%-13.6% +12.7 pts
3 years+37.7%+14.2% +23.5 pts
5 years+89.3%+27.9% +61.4 pts
719 mutual fund schemes hold about ₹237,452 Cr. Over three months 549 bought more and 95 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Flexi Cap Fund9.19%10,445 +8%
Parag Parikh Flexi Cap Fund5.67%8,363 +11%
ICICI Pru Large Cap Fund9.34%7,492 +13%
HDFC Balanced Advantage Fund5.32%5,706 +13%
ICICI Pru Value Fund9.40%5,649 +5%
SBI Large Cap Fundd8.66%4,776 +14%
HDFC Large Cap Fund10.05%4,015 +11%
SBI Aggressive Hybrid Fund4.43%3,926 +10%
SBI Focused Fund7.66%3,926 +5%
Nippon India Large Cap Fund6.71%3,635 -15%
Mirae Asset Large Cap Fund8.97%3,474 +12%
ICICI Pru Multi Asset Allocation Fund3.76%3,305 +33%
Kotak Flexi Cap Fund5.67%3,199 +13%
Kotak Flexi Cap Fund5.67%3,183 +13%
ICICI Pru Balanced Advantage Fund(M4.07%3,069 +8%
Axis Large Cap Fund9.52%2,987 +6%
UTI Nifty 50 Index Fund9.45%2,787 +13%
ICICI Pru Aggressive Hybrid Fund(A5.21%2,731 +17%
HDFC Focused Fund9.49%2,675 +11%
SBI ELSS Tax Saver Fund7.79%2,472 -12%
Aditya Birla SL Large Cap Fund8.00%2,377 +11%
Axis ELSS-Tax Saver Fund7.02%2,294 -2%
HDFC Nifty 50 Index Fund9.45%2,286 +13%
ICICI Pru India Opp Fund5.87%2,251 +11%
SBI Contra Fund4.55%2,164 +13%

Red flags

F-score 5 of 8
lookProfit leans on other income Other income was 152% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2021-10-21Rakesh JhaKey Managerial Personnelother46,750Rs 0.72 CrESOP
2021-10-21Rakesh JhaKey Managerial Personnelother44,000Rs 0.89 CrESOP
2021-10-21SUDHANSHU MODIEmployees/Designated Employeother11,990Rs 0.30 CrESOP
2021-10-18Rakesh JhaKey Managerial Personnelother35,750Rs 0.64 CrESOP
2021-10-18SANJAI TRIPATHIEmployees/Designated Employeother8,250Rs 0.58 CrESOP
2021-10-18SHYAM DWARKANIEmployees/Designated Employeother20,000Rs 0.57 CrESOP
2021-10-14RAGHVENDRA SHENOYEmployees/Designated Employeother17,740Rs 0.50 CrESOP
2021-10-14SUNIR RAMACHANDANIEmployees/Designated Employeother87,125Rs 2.01 CrESOP
2021-10-14Mayank AgrawalEmployees/Designated Employeother16,250Rs 0.25 CrESOP
2021-10-14AMITABH KUMAR SINGHEmployees/Designated Employeother15,000Rs 0.42 CrESOP
2021-10-14Mayank BhargavaEmployees/Designated Employeother11,178Rs 0.26 CrESOP
2021-10-11SANJEEV MANTRIEmployees/Designated Employeother114,225Rs 2.54 CrESOP
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Revenue ₹52,241 Cr +6.4% vs Jun 2025. Net profit ₹16,276 Cr +12.6%.

Activity

Compare
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Yes Bank Ltd65,00517.25.98 %
RBL Bank Ltd62,37671.25.77 %
Karur Vysya Bank Ltd30,75111.27.62 %
Bandhan Bank Ltd29,85622.16.41 %
City Union Bank Ltd21,29315.26.74 %
Jammu and Kashmir Bank Ltd15,3726.675.84 %
Tamilnad Mercantile Bank Ltd13,6749.477.51 %
South Indian Bank Ltd12,7608.456.42 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-08-03Dividend - Rs 12 Per Share
2025-08-12Dividend - Rs 11 Per Share
2024-08-12Dividend - Rs 10 Per Share
2023-08-09Dividend - Rs 8 Per Share
2022-08-08Dividend - Rs 5 Per Share
2021-07-29 Dividend - Rs 2 Per Share
2019-07-22 Annual General Meeting/Dividend - Re 1 Per Share
2018-08-24 Dividend- Rs 1.50 Per Share (Date Revised)
2017-06-20 Annual General Meeting/Dividend - Rs 2.50 Per Share/Bonus 1:10 (Revised)0.9091
2016-06-16 Annual General Meeting/ Dividend - Rs 5/- Per Share
2015-06-04Annual General Meeting/ Dividend - Rs 5/- Per Share
2014-12-04Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2014-06-05Annual General Meeting/Dividend Rs.23/- Per Share
2013-05-30Annual General Meeting/Dividend Rs.20/- Per Share
2012-05-31Annual General Meeting And Dividend Rs.16.50 Per Share
2011-06-02Annual General Meeting And Dividend Rs.14/- Per Share
2010-06-10Annual General Meeting And Dividend Rs.12/- Per Share
2009-06-11Agm/Div-Rs.11/- Per Share
2008-07-10Agm/Dividend - 110%
2007-06-14Agm/Dividend -100%
2006-07-06Agm/Div-Rs.8.50/- Per Sh
DateTypeWhat it says
2026-10-02General UpdatesDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-10-01General UpdatesDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-09-29UpdatesFiling of amendment to the Annual Securities Report filed with Director of Kanto Regional Finance Bureau on September 18, 2026.
2026-09-25UpdatesDisclosure under Regulation 30 of the SEBI( Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-09-24ESOPAllotment of 284605 Shares.
2026-09-22ESOPAllotment of 357938 Shares.
2026-09-18UpdatesFiling of Annual Securities Report with Director of Kanto Regional Finance Bureau.
2026-09-17ESOPAllotment of 66896 Shares.
2026-09-17General UpdatesDisclosure under Regulation 30 read with para A of Schedule III and Regulation 46(2) of the Securities and Exchange Board of India (Listing Obligation...
2026-09-15General UpdatesDisclosure under Regulation 30 read with para A of Schedule III and Regulation 46(2) of the Securities and Exchange Board of India (Listing Obligation...
2026-09-11ESOPAllotment of 336265 Shares.
2026-09-09General UpdatesDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-09-08ESOPAllotment of 437638 Shares.
2026-09-07General UpdatesDisclosure under Regulation 30 read with para A of Schedule III and Regulation 46(2) of the Securities and Exchange Board of India (Listing Obligation...
2026-09-05General UpdatesDisclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-09-04ESOPAllotment of 38512 Shares.
2026-09-03General UpdatesDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - In continuation to our earlier letter...
2026-09-02General UpdatesDisclosure under Regulation 30 read with para A of Schedule III and Regulation 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Re...
2026-09-02General UpdatesDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-09-02General UpdatesDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-09-01Credit RatingCredit Rating
2026-09-01ESOPAllotment of 598493 Shares.
2026-08-31General UpdatesDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 -This is to inform you that ICICI Bank ...
2026-08-28General UpdatesDisclosure under Regulation 30 read with para A of Schedule III and Regulation 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Re...
2026-08-27General UpdatesDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.75
Max pain (expiry 2026-10-27)1,340
Largest call open interest at1,400
Largest put open interest at1,300
Implied volatility, at the money21.3%
Underlying at snapshot1,310.60
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-30251
2026-09-293,969
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-08-13NCLTRupinder Singh Khurana Vs ICICI Bank Ltd & Ors
2021-08-11NCLTICICI Bank Ltd Vs Garlico Industries Ltd
2021-08-06NCLTICICI Bank Ltd Vs Speck Systems Ltd
2021-08-05NCLTICICI Bank UK PLC Vs Aditya Estates Pvt Ltd
2021-07-30NCLTICICI Bank Ltd Vs Speck Systems Ltd
2021-07-28NCLTICICI Bank Ltd Vs Gwalior Bypass Project Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03