ICICI Bank Ltd.
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, General Insurance, and Others segments. It offers savings, salary, pension, current, trade, escrow, foreign currency, and vostro accounts, as well as time, fixed, recurring, and security deposits. The company also provides home, car, two-wheeler, personal, education, gold, and commercial business loans, as well as loans against securities, shares, mutual funds, and property; 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; general, life health, personal accident, fire, travel, and motor 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.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Jul has averaged the highest return (+6.4%); Sep the lowest (-1.2%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.9%Neutral MonthJan 2026: +0.90% | +1.8%Neutral MonthFeb 2026: +1.77% | -12.6%Negative MonthMar 2026: -12.60% | +4.8%Positive MonthApr 2026: +4.78% | +0.2%Neutral MonthMay 2026: +0.17% | +8.8%Positive MonthJun 2026: +8.81% | +4.3%Positive MonthJul 2026: +4.28% | -0.3%*Neutral MonthAug 2026: -0.32% | β | β | β | β |
| 2025 | -2.3%Negative MonthJan 2025: -2.30% | -3.9%Negative MonthFeb 2025: -3.95% | +12.1%Positive MonthMar 2025: +12.08% | +5.5%Positive MonthApr 2025: +5.50% | +1.6%Neutral MonthMay 2025: +1.64% | -0.0%Neutral MonthJun 2025: -0.01% | +2.5%Positive MonthJul 2025: +2.48% | -5.6%Negative MonthAug 2025: -5.64% | -3.6%Negative MonthSep 2025: -3.57% | -0.2%Neutral MonthOct 2025: -0.22% | +3.2%Positive MonthNov 2025: +3.25% | -3.3%Negative MonthDec 2025: -3.30% |
| 2024 | +3.2%Positive MonthJan 2024: +3.16% | +2.5%Positive MonthFeb 2024: +2.49% | +4.0%Positive MonthMar 2024: +4.02% | +5.1%Positive MonthApr 2024: +5.13% | -2.8%Negative MonthMay 2024: -2.81% | +7.2%Positive MonthJun 2024: +7.16% | +1.3%Neutral MonthJul 2024: +1.25% | +1.3%Neutral MonthAug 2024: +1.26% | +3.5%Positive MonthSep 2024: +3.47% | +1.5%Neutral MonthOct 2024: +1.47% | +0.7%Neutral MonthNov 2024: +0.70% | -1.4%Neutral MonthDec 2024: -1.43% |
| 2023 | -6.7%Negative MonthJan 2023: -6.66% | +2.8%Positive MonthFeb 2023: +2.77% | +2.6%Positive MonthMar 2023: +2.64% | +4.6%Positive MonthApr 2023: +4.62% | +3.4%Positive MonthMay 2023: +3.35% | -1.5%Neutral MonthJun 2023: -1.49% | +6.5%Positive MonthJul 2023: +6.53% | -3.7%Negative MonthAug 2023: -3.73% | -0.6%Neutral MonthSep 2023: -0.64% | -3.8%Negative MonthOct 2023: -3.85% | +2.2%Positive MonthNov 2023: +2.16% | +6.5%Positive MonthDec 2023: +6.55% |
| 2022 | +6.6%Positive MonthJan 2022: +6.62% | -5.9%Negative MonthFeb 2022: -5.93% | -1.6%Neutral MonthMar 2022: -1.64% | +1.8%Neutral MonthApr 2022: +1.82% | +1.1%Neutral MonthMay 2022: +1.07% | -5.9%Negative MonthJun 2022: -5.94% | +15.8%Positive MonthJul 2022: +15.80% | +8.4%Positive MonthAug 2022: +8.44% | -2.8%Negative MonthSep 2022: -2.79% | +5.3%Positive MonthOct 2022: +5.30% | +4.9%Positive MonthNov 2022: +4.94% | -6.6%Negative MonthDec 2022: -6.55% |
| 2021 | β | β | β | β | β | -4.7%Negative MonthJun 2021: -4.73% | +8.2%Positive MonthJul 2021: +8.22% | +5.3%Positive MonthAug 2021: +5.30% | -2.5%Negative MonthSep 2021: -2.51% | +14.5%Positive MonthOct 2021: +14.48% | -11.0%Negative MonthNov 2021: -10.97% | +3.6%Positive MonthDec 2021: +3.63% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ1.63 L Cr | β | βΉ47.23 K Cr | β | β | β | 14.3% | 15.5% |
| Mar 2024 | βΉ1.43 L Cr | β | βΉ40.89 K Cr | β | β | β | 30.8% | 28.2% |
| Mar 2023 | βΉ1.09 L Cr | β | βΉ31.90 K Cr | β | β | β | 26.5% | 36.7% |
| Mar 2022 | βΉ86.38 K Cr | β | βΉ23.34 K Cr | β | β | β | 9.2% | 44.1% |
| Mar 2021 | βΉ79.12 K Cr | β | βΉ16.19 K Cr | β | β | β | 5.8% | 104.2% |
| Mar 2020 | βΉ74.80 K Cr | β | βΉ7.93 K Cr | β | β | β | 18.0% | 135.8% |
| Mar 2019 | βΉ63.40 K Cr | β | βΉ3.36 K Cr | β | β | β | 15.3% | -50.4% |
| Mar 2018 | βΉ54.97 K Cr | β | βΉ6.78 K Cr | β | β | β | 1.5% | -30.9% |
| Mar 2017 | βΉ54.16 K Cr | β | βΉ9.80 K Cr | β | β | β | 2.7% | 0.8% |
| Mar 2016 | βΉ52.74 K Cr | β | βΉ9.73 K Cr | β | β | β | 7.4% | -13.0% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 44,178 | 49,091 | 52,739 | 54,156 | 54,966 | 63,401 | 74,798 | 79,118 | 86,375 | 109,231 | 142,891 | 163,264 | 168,435 |
| Finance Costs | 27,703 | 30,052 | 31,515 | 32,419 | 31,940 | 36,386 | 41,531 | 40,129 | 38,908 | 47,103 | 68,585 | 82,099 | 83,708 |
| Total Expenses | 12,364 | 14,742 | 23,653 | 29,206 | 32,230 | 36,973 | 34,719 | 36,703 | 34,204 | 38,214 | 41,113 | 44,906 | 49,387 |
| Financing Profit | 4,111 | 4,298 | -2,429 | -7,468 | -9,204 | -9,958 | -1,452 | 2,286 | 13,262 | 23,915 | 33,193 | 36,259 | 35,340 |
| Financing Margin % | 9% | 9% | -5% | -14% | -17% | -16% | -2% | 3% | 15% | 22% | 23% | 22% | 21% |
| Other Income | 10,428 | 12,176 | 15,323 | 19,504 | 17,420 | 14,512 | 16,449 | 18,969 | 18,518 | 19,831 | 22,958 | 28,507 | 30,409 |
| Depreciation & Amortisation | 576 | 659 | 699 | 758 | 781 | 777 | 949 | 1,072 | 1,171 | 1,325 | 1,663 | 2,149 | 0 |
| Profit Before Tax | 13,963 | 15,815 | 12,196 | 11,279 | 7,435 | 3,777 | 14,048 | 20,183 | 30,609 | 42,421 | 54,488 | 62,616 | 65,749 |
| Tax % | 30% | 29% | 20% | 13% | 9% | 11% | 44% | 20% | 24% | 25% | 25% | 25% | - |
| Net Profit / PAT | 9,810 | 11,175 | 9,726 | 9,801 | 6,777 | 3,363 | 7,931 | 16,193 | 23,339 | 31,896 | 40,888 | 47,227 | 49,549 |
| EPS (βΉ) | 15.44 | 17.52 | 15.21 | 15.30 | 10.54 | 5.22 | 12.25 | 23.41 | 33.59 | 45.68 | 58.23 | 66.31 | 69.62 |
| Dividend Payout % | 27% | 26% | 30% | 15% | 14% | 19% | -0% | 9% | 15% | 18% | 17% | 17% | - |
Peer Comparison
Financials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd.this co. | βΉ10.28 L Cr | βΉ1.63 L Cr | 20.70 | 3.32 | 0.00 | 14.3% |
| HDFC Bank Ltd. | βΉ14.43 L Cr | βΉ3.01 L Cr | 20.30 | 2.78 | β | 16.3% |
| State Bank Of India | βΉ9.49 L Cr | βΉ4.62 L Cr | 13.30 | 1.83 | β | 11.4% |
| Bajaj Finance Limited | βΉ5.91 L Cr | βΉ61.95 K Cr | 36.80 | 6.33 | β | 32.0% |
| LIFE INSURANCE CORPORATION OF INDIA | βΉ5.26 L Cr | βΉ8.87 L Cr | 10.30 | 3.73 | 9.87 | 5.2% |
| Kotak Mahindra Bank Ltd. | βΉ4.24 L Cr | βΉ52.92 K Cr | 31.70 | 3.39 | β | 15.5% |
| AXIS Bank Ltd. | βΉ3.92 L Cr | βΉ1.23 L Cr | 16.10 | 2.06 | β | 12.2% |
| Industry Average | β | βΉ30.80 K Cr | 45.91 | 4.87 | 70.91 | 14.6% |
