ICICI Bank Share Price Target 2024-2030 Fundamentals & Quarterly Results

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ICICI Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – In India, ICICI Bank operates as the second-largest private sector bank, providing various financial products as well as services to individual clients, small and medium enterprises (SMEs), and corporations. Besides, the bank boasts an extensive branch network comprising ATMs (automatic teller machines) and other touch-points.The subsidiaries and associates of ICICI group also engage in life and general insurance, housing finance, primary dealership among other renowned business operations.ICICI Bank Share Price Target

Latest Update – According to ICICI Bank’s quarterly report, the Bank’s profit after tax for the June quarter increased 14.6% year-on-year (YoY) to Rs 11,059 crore and the NII rose by 7.3% YoY to reach Rs 19,553 crore.

ICICI Bank Overview

Founded in 1994, ICICI Bank has managed to become one of the biggest non-governmental India banking operations. It gives a range of Banking services to suit the needs of all its customers who may be in both corporate or retail segments.

Company NameICICI Bank Ltd
ListedNSE & BSE
Head OfficeICICI Bank Tower, Near Chakli Circle, Old Padra Road Vadodara Vadodara GJ IN 390007
Board Of Director
  • Mr.Sandeep Batra Executive Director
  • Mr.Rakesh Jha Executive Director
  • Ms.Neelam Dhawan Independent Director
  • Mr.Hari L Mundra Independent Director
  • Mr.S Madhavan Independent Director
  • Mr.Radhakrishnan Nair Independent Director
  • Mr.B Sriram Independent Director
  • Mr.Uday Chitale Independent Director
  • Ms.Vibha Paul Rishi Independent Director
  • Mr.Sandeep Bakhshi Managing Director & CEO
  • Mr.Girish Chandra Chaturvedi Non Exe.Part Time Chairman
Official Websiteicicibank.com

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ICICI Bank Business Profile

The bank is international with branches in the US, Singapore, Bahrain, Hong Kong, Dubai International Finance Centre, South Africa, China, with also Offshore Banking Unit (OBU) and International Financial Services Centre (IFSC) along with rep offices in the US (Texas and California), UAE, Bangladesh, Malaysia, Nepal and Indonesia.

Moreover, branches are available in the UK and Canada for the bank, countries where the bank owns wholly-owned banking subsidiaries. On the other hand, UK is where there is an offshore branch for ICICI Bank UK in Germany.

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Branch

Moreover, branches are available in the UK and Canada for the bank, countries where the bank owns wholly-owned banking subsidiaries. On the other hand, UK is where there is an offshore branch for ICICI Bank UK in Germany.

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Loan Book

Retail advances make up 54.3% of the total loan book, while Corporates & others follow with 21.7%, Rural loans at 8.3% and Business banking comes in at 7.4%. SME’s represent 4.9%, while there is 3.4% of the overseas book, in that order.

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Retail Book

Mortgage loans account for 59.8% of the total retail book, followed by Personal loans (17.3%), Vehicle loans (14.1%%), Credit cards (7.5%) and others(1.3%).

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Mortgage Loans

The overall mortgage portfolio consists of 69% home loans, 6% top-up loans, 5% office premises loans, and 19% loans against property. The average home loan ticket size is ₹35 lakhs. 64% of mortgage disbursements in FY24 were done manually.

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Credit Cards

The bank have provided approximately 1.65 crore of credit cards. In partnership with Amazon, the bank also has it’s co-branded credit card for which the bank went out for bids 47 lakhs time now.80% of Credit Cards sanctioned were digitally processed & physically assisted.

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Exposure

The bank is predominantly exposed to several fields, including: Services – Retail finance (39.8%), Services – finance (8.2%), Rural (6.2%), Wholesale (4.7%), Banks (4.6%), Electronics (3.9%), Crude petroleum (3.6%), Services – Non Finance (3.5%), Infrastructure (3.1%) in comparison to the total bank exposure.

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ICICI Bank Fundamentals & Quarterly Results

Market Cap₹8,52,918 Cr.
Current Price₹1,212
High / Low₹1,223 / ₹899
Stock P/E19.3
Book Value₹307
Dividend Yield0.66%
ROCE8.37%
ROE20.6%
Face Value₹2.00
Debt to Equity6.53
Debt Capacity-0.42
Debt (preceding year)₹13,99,894 Cr.
Debt₹13,99,894 Cr.
Reserves₹2,13,101 Cr.
EPS₹63.0
EPS (last year)₹63.0
Pledged Percentage0.00%
FCF (Previous Ann.)₹-5,951 Cr.
EV/EBITDA15.6
Industry P/E13.0
PEG Ratio0.32
Piotroski Score6.00
Earnings Yield6.40%
Sales Growth (5 Years)17.2%

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ICICI Quarterly Results

MetricMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Revenue24,99926,15928,85031,61934,43937,10638,93840,86542,607
Interest10,63411,08911,99712,97814,47916,36817,90819,40920,424
Expenses21,77518,13722,33622,94625,95921,40224,56024,92930,604
Financing Profit-7,410-3,068-5,483-4,305-6,000-663-3,530-3,473-8,421
Financing Margin %-30%-12%-19%-14%-17%-2%-9%-8%-20%
Other Income18,01313,27116,63416,47019,73515,22918,69018,87424,802
Depreciation000000000
Profit before tax10,60410,20311,15112,16513,73514,56615,16015,40216,381
Tax %24%25%25%25%25%24%25%25%26%
Net Profit8,0897,6988,3619,16610,23611,01411,35111,51512,200
EPS (₹)11.1110.6211.4912.6014.1115.2015.5615.7616.62

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CAGR Report

Compounded Sales Growth

PeriodGrowth Rate
10 Years12%
5 Years17%
3 Years21%
TTM32%

Compounded Profit Growth

PeriodGrowth Rate
10 Years15%
5 Years60%
3 Years34%
TTM30%

Stock Price CAGR

PeriodGrowth Rate
10 Years17%
5 Years23%
3 Years23%
1 Year30%

Return on Equity

PeriodROE
10 Years13%
5 Years16%
3 Years18%
Last Year21%

ICICI Bank Shareholding Pattern

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
FIIs48.10%43.05%43.73%47.81%43.95%44.16%44.77%
DIIs41.56%45.41%44.58%41.70%44.58%45.11%45.10%
Government0.22%0.33%0.39%0.43%0.24%0.24%0.28%
Public10.12%11.21%11.31%10.06%11.23%10.48%9.84%
No. of Shareholders8,55,4958,21,54811,01,30013,78,36018,79,72218,33,99417,85,572

ICICI Bank Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-End Target
2024₹1089.22₹1202.75₹1270.87
2025₹1296₹1218₹1455
2026₹1484₹1395₹1665
2027₹1698₹1596₹1905
2028₹1943₹1827₹2181
2029₹2225₹2091₹2496
2030₹2546₹2394₹2859

ICICI Bank Share Price Target 2025

MonthTarget
January₹1296
February₹1322
March₹1348
April₹1303
May₹1260
June₹1218
July₹1267
August₹1318
September₹1371
October₹1398
November₹1426
December₹1455

ICICI Bank Share Price Target 2026

MonthTarget
January₹1484
February₹1514
March₹1544
April₹1493
May₹1443
June₹1395
July₹1451
August₹1509
September₹1569
October₹1600
November₹1632
December₹1665

ICICI Bank Share Price Target 2027

MonthTarget
January₹1698
February₹1732
March₹1767
April₹1708
May₹1651
June₹1596
July₹1660
August₹1726
September₹1795
October₹1831
November₹1868
December₹1905

ICICI Bank Share Price Target 2028

MonthTarget
January₹1943
February₹1982
March₹2022
April₹1955
May₹1890
June₹1827
July₹1900
August₹1976
September₹2055
October₹2096
November₹2138
December₹2181

ICICI Bank Share Price Target 2029

MonthTarget
January₹2225
February₹2270
March₹2315
April₹2238
May₹2163
June₹2091
July₹2175
August₹2262
September₹2352
October₹2399
November₹2447
December₹2496

ICICI Bank Share Price Target 2030

MonthTarget
January₹2546
February₹2597
March₹2649
April₹2561
May₹2476
June₹2394
July₹2490
August₹2590
September₹2694
October₹2748
November₹2803
December₹2859

Official Website – icicibank.com

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