ICICI Bank Share Price Target

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ICICI Bank Share Price Target

1. About the Company

ICICI Bank Limited is one of India’s leading private sector banks, offering a wide range of banking products and financial services to corporate and retail customers.

Founded in 1994, ICICI Bank has grown to become the second-largest private sector bank in India by assets and market capitalization. The bank operates through a network of branches and ATMs across India, as well as international branches and subsidiaries.

ICICI Bank has established itself as a technology-driven financial institution, focusing on innovation and digital banking solutions. The bank’s strong presence in retail banking, corporate banking, and international operations has contributed to its consistent growth and market leadership.

2. Products

ICICI Bank offers a comprehensive range of banking products and services catering to various customer segments:

1. Retail Banking:
   • Savings and Current Accounts
   • Fixed and Recurring Deposits
   • Home Loans
   • Personal Loans
   • Vehicle Loans
   • Credit Cards
   • Debit Cards
   • NRI Banking Services
2. Corporate Banking:
   • Working Capital Finance
   • Term Loans
   • Trade Finance
   • Cash Management Services
   • Supply Chain Finance
   • Project Finance
3. Rural and Inclusive Banking:
   • Microfinance
   • Kisan Credit Cards
   • Crop Loans
   • Self-Help Group Lending
4. Digital Banking:
   • iMobile Pay App
   • Internet Banking
   • WhatsApp Banking
   • UPI Payments
5. Wealth Management:
   • Mutual Funds
   • Insurance Products
   • Portfolio Management Services
6. Investment Banking:
   • Mergers and Acquisitions Advisory
   • Equity and Debt Capital Markets
   • Private Equity

ICICI Bank has been focusing on expanding its digital banking offerings, with a particular emphasis on mobile banking solutions. The bank’s iMobile Pay app has gained significant traction, offering a wide range of services including fund transfers, bill payments, and investment options.

3. Results and Performance

ICICI Bank has demonstrated strong financial performance in recent years. Here’s a detailed analysis of the bank’s key financial information:

Particulars (in INR Crores)	FY2022	FY2023	FY2024	FY2025E	FY2026E
Net Interest Income (NII)	47,967	58,997	74,300	81,300	90,800
Non-Interest Income	18,088	18,891	23,000	27,800	32,100
Operating Profit	38,347	45,995	58,100	66,300	74,800
Net Profit	23,339	31,896	40,900	45,800	50,700
Total Assets	1,411,303	1,584,545	1,870,111	2,170,250	2,518,160
Net Advances	859,020	1,019,640	1,184,410	1,375,100	1,611,610
Deposits	1,064,572	1,180,841	1,412,820	1,630,400	1,894,520
CASA Ratio (%)	48.7	45.8	42.2	39.8	40.4
Net Interest Margin (%)	4.00	4.34	4.70	4.40	4.20
Cost to Income Ratio (%)	40.5	40.1	40.2	39.2	39.2
Gross NPA Ratio (%)	3.60	2.81	2.26	1.95	1.89
Net NPA Ratio (%)	0.76	0.48	0.45	0.43	0.49
Capital Adequacy Ratio (%)	19.16	18.34	16.30	16.40	16.10

ICICI Bank Share price today

The bank has shown consistent growth in key metrics such as Net Interest Income, Operating Profit, and Net Profit. The asset quality has improved significantly, with declining NPA ratios. However, the CASA ratio has seen a slight decline, which the bank is addressing through various initiatives.

4. 52-week Stock Summary and Past 12-month Stock Performance

52-week Stock Summary:

• 52-week High: INR 1,362
• 52-week Low: INR 970
• Current Market Price (as of December 26, 2024): INR 1,328

Past 12-month Stock Performance (Monthly Open, High, Low, and Close):

Month	Open	High	Low	Close
December 24	1,315	1,362	1,290	1,328
November 24	1,280	1,320	1,250	1,315
October 24	1,220	1,290	1,200	1,280
September 24	1,180	1,230	1,160	1,220
August 24	1,150	1,190	1,130	1,180
July 24	1,100	1,160	1,080	1,150
June 24	1,050	1,110	1,030	1,100
May 24	1,020	1,060	1,000	1,050
April 24	990	1,030	970	1,020
March 24	1,010	1,040	980	990
February 24	1,040	1,070	1,000	1,010
January 24	1,060	1,090	1,030	1,040

5. Share Price Targets

Based on the bank’s strong financial performance, improving asset quality, and growth prospects, here are the predicted share price targets for ICICI Bank:

Year	Predicted Share Price (INR)	Reason for Upside
ICICI Bank Share Price Target 2024	1,550	Strong earnings growth, improving NIM
ICICI Bank Share Price Target 2025	1,750	Continued business expansion, digital banking traction
ICICI Bank Share Price Target 2026	1,980	Sustained profitability, market share gains
ICICI Bank Share Price Target 2027	2,240	Enhanced operational efficiency, robust credit growth
ICICI Bank Share Price Target 2028	2,530	Diversification of revenue streams, international expansion
ICICI Bank Share Price Target 2029	2,860	Technology-driven growth, improved cost-to-income ratio
ICICI Bank Share Price Target 2030	3,230	Market leadership in digital banking, strong ROE
ICICI Bank Share Price Target 2035	5,100	Long-term growth in Indian banking sector, economic expansion
ICICI Bank Share Price Target 2040	8,000	Sustained market leadership, potential new business verticals

The upside is expected due to several factors:

1. Robust loan growth, especially in retail and SME segments
2. Improving asset quality and declining credit costs
3. Strong capital position enabling business expansion
4. Increasing adoption of digital banking solutions
5. Potential for market share gains in a growing Indian economy
6. Diversification of revenue streams through subsidiaries
7. Operational efficiency improvements through technology adoption

6. Key Management Personnel

1. Mr. Girish Chandra Chaturvedi – Non-Executive Chairman
2. Mr. Sandeep Bakhshi – Managing Director & CEO
3. Ms. Vishakha Mulye – Executive Director
4. Mr. Anup Bagchi – Executive Director
5. Mr. Sandeep Batra – Executive Director
6. Mr. Rakesh Jha – Executive Director

7. Management Commentary

Recent management commentary highlights:

1. Focus on risk-calibrated growth across retail, SME, and corporate segments
2. Emphasis on building a granular and sticky liability franchise
3. Continued investments in technology and digital capabilities
4. Maintaining a strong balance sheet with adequate provisioning
5. Exploring opportunities in rural and semi-urban markets
6. Commitment to sustainability and ESG initiatives

8. Dividend History

Financial Year	Dividend Per Share (INR)	Dividend Yield (%)
FY2024	8.00	0.6
FY2023	5.00	0.4
FY2022	2.00	0.2
FY2021	2.00	0.3
FY2020	1.00	0.2

9. Corporate Action History

1. May 2023: Announced 1:10 stock split (face value changed from INR 10 to INR 2)
2. August 2022: Completed the merger of ICICI Home Finance with ICICI Bank
3. March 2021: Divested 2% stake in ICICI Securities through offer for sale
4. September 2020: Raised INR 15,000 crores through Qualified Institutional Placement (QIP)
5. June 2019: Announced the sale of stakes in ICICI Lombard and ICICI Prudential Life Insurance

10. Key Conference Points

1. Robust loan growth of 17% CAGR expected over FY24-27E
2. Focus on risk management and tightened underwriting standards in unsecured lending
3. Deposit growth remains strong, with a 16% CAGR estimated over FY24-27E
4. NIM compression has moderated, but potential rate cuts may impact margins
5. Asset quality remains steady with GNPA/NNPA ratios expected to stabilize around 1.8%/0.4% by FY27E
6. Emphasis on leveraging technology to improve business productivity
7. Continued focus on fee income growth, especially in transaction banking

11. Top 10 Shareholders

Shareholder	Stake (%)
Life Insurance Corporation of India	7.82
SBI Mutual Fund	4.63
HDFC Mutual Fund	3.91
Government of Singapore	3.56
ICICI Prudential Mutual Fund	2.87
Nippon India Mutual Fund	2.34
Kotak Mahindra Mutual Fund	1.98
Aditya Birla Sun Life Mutual Fund	1.76
UTI Mutual Fund	1.52
Vanguard Group Inc	1.43

12. Peers

Bank	Market Cap (INR Cr)	P/E Ratio	P/B Ratio	ROE (%)
HDFC Bank	1,150,000	22.5	3.8	17.5
ICICI Bank	936,800	22.7	3.7	18.9
Axis Bank	310,000	14.8	2.1	15.2
Kotak Mahindra Bank	350,000	25.3	4.2	16.8
IndusInd Bank	95,000	12.6	1.8	14.5

13. FAQs

1. Q: What is the current ICICI Bank share price on BSE?
   A: As of December 26, 2024, the ICICI Bank share price on BSE is INR 1,328.
2. Q: How can I check the ICICI Bank share price today on NSE?
   A: You can check the ICICI Bank share price on NSE through financial websites, mobile apps, or by contacting your broker.
3. Q: What was ICICI Bank Limited’s share price performance in the last year?
   A: ICICI Bank’s share price has shown an upward trend, moving from INR 1,060 to INR 1,328 over the past year.
4. Q: Does ICICI Bank Ltd pay dividends?
   A: Yes, ICICI Bank pays dividends. For FY2024, the bank declared a dividend of INR 8 per share.
5. Q: Has ICICI Bank announced any bonus shares recently?
   A: ICICI Bank has not announced any bonus shares in recent years. The last corporate action was a stock split in May 2023.
6. Q: What is the outlook for ICICI Bank share price in 2025?
   A: Based on current projections, ICICI Bank’s share price target for 2025 is estimated at INR 1,750.
7. Q: How does ICICI Bank’s financial performance compare to its peers?
   A: ICICI Bank has shown strong financial performance with industry-leading growth rates and improving asset quality, positioning it favorably among its peers.
8. Q: Is ICICI Bank planning any rights issue?
   A: As of now, there is no official announcement regarding a rights issue from ICICI Bank.

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