I

ICICI Bank Limited

ICICIBANKNSE
Market snapshot · 2026-08-11 15:51 UTC

1,429.60

₹-2.20 (-0.15%)

MARKET CAP

₹10.25L Cr

STOCK P/E

18.5x

52W HIGH

₹1,480.00

52W LOW

₹1,187.60

BOOK VALUE

₹530.38

EPS

₹77.32

ROE

16.07%

SECTOR

Financials

GROSS NPA

1.38%

VOLUME

1.03Cr

P/B RATIO

2.70x

NET NPA

0.35%

Sector

Financials

Themes

Private BanksVanguard Fund PortfolioGovernment of Singapore Portfolio
D
Dividend
E
Earnings
₹1,432.23₹1,375.58₹1,318.94₹1,262.29₹1,205.64VolumeDEEEEDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for ICICIBANK.

41.00 analysts

Price Forecast

Current
₹1,430
High Target
₹1,970
▲ +37.8%
Median Target
₹1,730
▲ +21.0%
Low Target
₹1,592
▲ +11.4%
Now₹1,430High ₹1,970Median ₹1,730Low ₹1,592Aug '25Now12M Target
Price history (1Y)
Analyst target range
41 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹1,300 - ₹1,65780%
6M₹1,270 - ₹1,78980%
12M₹1,247 - ₹2,02580%
Realized vol: +18.9% · Drift: +12.4%

Revenue Forecast

₹ Cr
Jun '26Current₹45,671.0
Sep 2026 ETrend estimate range
High₹46,593.6Base₹43,142.2Low₹39,690.8
Sep '25: ₹41,758.0 · Dec '25: ₹41,966.0 · Mar '26: ₹43,275.0 · Jun '26: ₹45,671.0 · Sep '26: ₹43,142.2 · Dec '26: ₹43,357.1
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E41,758.041,966.043,275.045,671.043,142.243,357.1
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹20.64
Sep 2026 ETrend estimate range
High₹20.55Base₹18.34Low₹16.14
Sep '25: ₹17.30 · Dec '25: ₹15.83 · Mar '26: ₹19.14 · Jun '26: ₹20.64 · Sep '26: ₹18.34 · Dec '26: ₹16.79
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E17.3015.8319.1420.6418.3416.79
PastCurrentTrend estimate: Low / Base / High
EPS forecast unavailable from FMP/yfinance.
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
67%
Analyst Consensus
Positive

From 41 analysts

Mean upside+21.2%

Fundamentals

Strong

Fundamentals institutional score is 72 using EVA spread proxy 4.1%; growth durability 66.7.

Valuation

Fairly valued

Valuation institutional score is 46 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 84 using mean target upside 21.2%; dispersion penalty 8.7; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 81 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 10 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and analyst consensus provide support, while valuation and market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Fairly valuedAnalyst Consensus PositiveTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price1,733.4 target
Mean Upside+21.2%
Technical Score81%
Fundamental Score72%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 14.9% above historical median. Valuation is stable — currently in the strongly overvalued zone (z-score: +1.25). Confidence: 87%.

Live forward EPS implies next-12-month EPS of ₹94.00. Applying the stock's normalized valuation corridor produces a fair range of ₹1,326.34 to ₹1,661.92, with base value near ₹1,512.46 (+5.8% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹94.00

Forward P/E

15.2x

Base Fair Value

₹1,512.46

Fair Range

₹1,326.34 - ₹1,661.92

Upside To Base

+5.8%

Estimate Source

Live forward EPS

Growth Estimate

+13.8%

P/B
Undervalued

5Y Average

2.77

Current

2.70

Overvalued

3.18

Undervalued

2.35

P/E
Strongly Overvalued

5Y Average

13.77

Current

18.49

Overvalued

17.68

Undervalued

14.11

P/S
Strongly Overvalued

5Y Average

3.75

Current

5.03

Overvalued

4.31

Undervalued

3.19

Peers & Comparison

Sector: Financials · Theme: Private Banks

Private Banks Peers4 peers
Avg P/E: 17.1x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
HDFC BANK LTD
HDFCBANKPrivate Banks
+16.6%26.8%
15.9x
Fair
-7% vs avg
-25.8%
KOTAK MAHINDRA BANK LTD
KOTAKBANKPrivate Banks
+21.0%28.5%
19.1x
Fair
+12% vs avg
+0.4%
AXIS BANK LIMITED
AXISBANKPrivate Banks
+14.0%36.0%
13.7x
Undervalued
-20% vs avg
+16.6%
SHRIRAM FINANCE LIMITED
SHRIRAMFINConsumer Finance
+42.8%50.0%
19.9x
Premium
+16% vs avg
+85.9%
WHY THESE PEERS

ICICI BANK LTD. trades in line with peers (18.4x vs avg 17.1x), reflecting a fair valuation within the Private Banks cohort. Peers include HDFC BANK LTD, KOTAK MAHINDRA BANK LTD, AXIS BANK LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹45.67K CrJun 2026

Latest net profit

₹14.80K CrJun 2026

Free cash flow

₹62.02K CrMar 2026

Net Profit

₹14.80K CrProfit conversion

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr15.00K Cr30.00K Cr45.00K Cr60.00K Cr
  • Revenue
  • Net income
  • Net margin %

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
Total incomeInterestOtheradjustmentsProfitbefore taxTax &minorityNet Profit0.00 Cr15.00K Cr30.00K Cr45.00K Cr60.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Debt free
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr6.00L Cr12.00L Cr18.00L Cr24.00L Cr
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue +33,32834,92036,69537,94838,99640,53741,30042,43142,94741,75841,96643,27545,671
Interest15,10116,61218,01618,85619,44320,48920,92921,23821,31220,22820,03420,29621,286
Expenses +10,81510,43811,10110,42111,86211,73511,77911,67913,20812,72114,50012,18513,835
Financing Profit7,4117,8707,5778,6717,6918,3138,5929,5138,4268,8087,43210,79410,550
Financing Margin %22%23%21%23%20%21%21%22%20%21%18%25%23%
Other Income +5,4355,7776,0975,6497,0027,1777,0687,2608,5057,5767,3687,3098,576
Depreciation0000000000000
Profit before tax12,84713,64713,67414,32014,69315,49015,66016,77416,93116,38414,80018,10319,126
Tax %25%25%25%25%25%24%25%25%25%25%24%24%23%
Net Profit +9,64810,26110,27210,70811,05911,74611,79212,63012,76812,35911,31813,70214,804
EPS in Rs13.7914.6514.6415.2515.7216.6716.7017.7317.8917.3015.8319.1420.64
Gross NPA %2.76%2.48%2.30%2.16%2.15%1.97%1.96%1.67%1.67%1.58%1.53%1.40%1.38%
Net NPA %0.48%0.43%0.44%0.42%0.43%0.42%0.42%0.39%0.41%0.39%0.37%0.33%0.35%
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
FIIs +46.77%45.56%43.87%34.48%33.79%
DIIs +43.91%45.06%46.74%39.94%42.32%
Government +0.27%0.27%0.27%0.22%0.22%
Public +9.06%9.11%9.13%25.36%23.68%
Jun 2026
FIIs +
DIIs +
Government +
Public +

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015

Aug 06, 2026PDFCompany Reports Open

Disclosure Under Regulation 30 Read With Para A Of Schedule III And Regulation 46(2) Of The SEBI (LODR) Regulations, 2015

Aug 06, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Aug 06, 2026PDFCompany Reports Open

Newspaper Advertisement - Special Window For Transfer And Dematerialisation Of Physical Securities

Aug 03, 2026PDFCompany Reports Open