The bank did not added any branch and ATM to its network in fiscal 21. Infact both saw a decline. On 31st March 2021, the branch count stood at 5,266 compared to 5,324 branches on 31st March 2020. The number of ATM dropped to 14,136 from 15,688 during same period.
The assets quality had been largely under control with net NPA numbers showing minor up tick as compared to other banks operating in private banking space where growth in NPA numbers for Q1 FY22 was higher than expected. Provision coverage ratio is better on QOQ basis, growth in CASA deposit is a positive and capital adequacy ratio are at comfortable levels. So no negative surprise.
In coming quarters, bank would face twin challenge of maintaining the asset quality and increasing the size of loan book specially in the MSME and whole sale book without compromising on quality of borrowers. With credit off take being at a multi year low, growth with quality is a new challenge for next two to three quarters.
The bank had used treasury gains from the two per cent stake sale in I-Sec to create further Covid provisions. There are a number of its subsidiaries which create enough scope to dilute its stake and raise resources. But some insurance subsidiaries might see some headwinds in near terms.
PE Ratio
This is a ratio arrived at by dividing the current market price of a stock by its latest (annual or annualized) earnings per share. Here we have taken the TTM (trailing twelve months) adjusted earnings per share.
EPS - TTM
Earnings per share (TTM) tells the profit after tax earned on a per share basis by a stock over the last twelve months or four quarters.
MCap
MCap or Market capitalization of a stock is calculated by multiplying the total number of shares outstanding of that particular stock with its current market price.
Sectoral MCap Rank
This is the ranking of a company within its sector based on MCap or Market capitalization. Higher the market capitalization of a company, higher the rank it is assigned.
PB Ratio
Price to Book represents the ratio of current market price of a stock to its book value per share. The book value itself is arrived at by dividing the net worth of a company by the total number of shares outstanding of the company at that time.
Dividend Yield
Dividend Yield calculates the amount of full year dividend declared by a company as a percentage of the current market price of a stock. All other things being equal, higher the dividend yield of the stock, the better it is for investors.
Face Value
Face value of a stock is the value ascribed to the stock as per the balance sheet of the company. The dividend declared by a company is usually declared as a percentage of face value.
Beta
| 1 Month | 1.09 |
| 3 Months | 1.20 |
| 6 Months | 1.40 |
| 1 Year | 1.26 |
| 3 Years | 1.30 |
VWAP
Volume Weighted Average Price represents the average price of a security over a particular time period (example one trading day) weighted by the volume traded at each price point.
52W H/L
This represents the 52 week high and low price of the security. It is also the 1 year high and low of the security. This represents the highest and lowest price touched by the security during the past 52 weeks or 1 year including today.
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
AnnouncementsCurrent
Mean Recos by 45 Analysts
That's all for ICICI Bank recommendations. Check out other stock recos.
| Ratings | Current | 1 Week Ago | 1 Month Ago | 3 Months Ago |
|---|---|---|---|---|
| Strong Buy | 27 | 27 | 27 | 27 |
| Buy | 17 | 17 | 17 | 16 |
| Hold | 1 | 1 | 1 | 1 |
| Sell | - | - | - | - |
| Strong Sell | - | - | - | - |
| # Analysts | 45 | 45 | 45 | 44 |
Net Interest Margin - Uptrend
Company is able to expand its net interest margin on a continuous basis over the last 3 years with margins of 2.95% in last year. (Source: Consolidated Financials)Quarterly Topline Performance
Company witnessed QoQ revenue decline of 10.93%, which is lowest in the last 3 years. (Source: Consolidated Financials)| Quarterly | Annual | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 |
|---|---|---|---|---|---|
| Total Income | 38,852.60 | 43,621.29 | 40,454.45 | 39,321.42 | 37,939.32 |
| Total Income Growth (%) | -10.93 | 7.83 | 2.88 | 3.64 | -5.44 |
| Provisions & Contingencies | 2,938.84 | 2,922.57 | 2,700.99 | 3,049.95 | 7,704.58 |
| Provisions & Contingencies Growth (%) | 0.56 | 8.20 | -11.44 | -60.41 | 16.77 |
| Profit after Tax (PAT) | 4,747.42 | 4,886.16 | 5,498.15 | 4,882.33 | 3,117.68 |
| PAT Growth (%) | -2.84 | -11.13 | 12.61 | 56.60 | 149.15 |
| Gross NPA (%) | - | - | - | - | - |
| Net NPA (%) | - | - | - | - | - |
| Net Profit Margin (%) | 12.22 | 11.20 | 13.59 | 12.42 | 8.22 |
| Basic EPS (₹) | 6.86 | 7.07 | 7.97 | 7.30 | 4.82 |
All figures in Rs Cr, unless mentioned otherwise
Loan Book Growth - Beating 5 Yr CAGR
ICICI Bank Ltd. reported a YoY increase of 12.11% in its advances, which is higher than its 5 yr CAGR of 8.97%. (Source: Consolidated Financials)| Annual | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Advances | 7,91,801.39 | 7,06,246.11 | 6,46,961.68 | 5,66,854.22 | 5,15,317.31 |
| Advances Growth (%) | 12.11 | 9.16 | 14.13 | 10.00 | 4.37 |
| Deposits | 9,59,940.02 | 8,00,784.46 | 6,81,316.94 | 5,85,796.11 | 5,12,587.26 |
| Deposits Growth (%) | 19.87 | 17.53 | 16.31 | 14.28 | 13.64 |
| Total Equity | 1,67,172.74 | 1,29,751.34 | 1,20,829.27 | 1,16,632.31 | 1,09,491.05 |
| Total Equity Growth (%) | 28.84 | 7.38 | 3.60 | 6.52 | 12.35 |
| Gross NPA (%) | - | - | - | - | - |
| Net NPA (%) | - | - | - | - | - |
| Capital Adequacy Ratios (%) | - | - | - | - | - |
| Contingent Liabilities | 30,21,344.23 | 30,03,053.53 | 26,12,071.94 | 18,91,035.83 | 13,07,841.59 |
All figures in Rs Cr, unless mentioned otherwise
Increase in Cash from Investing
Company has used Rs 62986.91 cr for investing activities which is an YoY increase of 48.88%. (Source: Consolidated Financials)| Annual | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Net Cash flow from Operating Activities | 1,38,015.30 | 79,564.75 | 48,671.05 | 19,382.93 | 52,635.53 |
| Net Cash used in Investing Activities | -62,986.91 | -42,308.43 | -30,147.22 | -50,573.45 | -1,605.74 |
| Net Cash flow from Financing Activities | -54,666.77 | 2,992.18 | -19,997.43 | 39,675.97 | -35,469.54 |
| Net Cash Flow | 19,717.61 | 40,462.03 | -1,608.24 | 8,508.26 | 15,454.90 |
| Closing Cash & Cash Equivalent | 1,47,570.53 | 1,27,852.92 | 87,390.90 | 88,999.13 | 80,490.87 |
| Closing Cash & Cash Equivalent Growth (%) | 15.42 | 46.30 | -1.81 | 10.57 | 23.76 |
All figures in Rs Cr, unless mentioned otherwise
| Annual | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Return on Equity (%) | 11.90 | 7.98 | 3.82 | 7.16 | 10.03 |
| Return on Assets (%) | 1.16 | 0.69 | 0.34 | 0.68 | 1.03 |
| Cost to Income (%) | 60.93 | 62.68 | 65.83 | 63.55 | 59.27 |
| Interest income to Earning assets (%) | 5.66 | 6.15 | 5.81 | 5.52 | 6.18 |
| Interest Expense to Earning assets (%) | 2.71 | 3.24 | 3.16 | 3.04 | 3.53 |
| Price to Earnings (x) | 21.88 | 21.98 | 60.61 | 23.26 | 15.85 |
| Price to Book (x) | 2.60 | 1.75 | 2.31 | 1.66 | 1.59 |
| Price to Sales (x) | 4.51 | 2.48 | 3.57 | 2.88 | 2.65 |
| Operating Profit Margin (%) | -58.10 | -63.32 | -74.51 | -76.74 | -67.47 |
MANAGEMENT DISCUSSION AND ANALYSIS (FY 20-21)
Banking sector trends
Non-food credit growth of the banking system remained muted in the range of 5.0-7.0% through the year following the slowdown in economic activity due to the Covid-19 pandemic. Non-food credit growth was 5.5% year-on-year. at March 26, 2021. As per data on sector-wise deployment of credit as of February 26, 2021 released by RBI, retail loans grew by 9.6%, credit to the services sector by 9.3% and credit to the agriculture sector by 10.2% while credit to industry declined by 0.2%. Deposit growth was higher compared to credit growth during fiscal 2021. Growth in total deposits remained above 10.0% throughout fiscal 2021, with year-on-year growth of 11.4% at March 26, 2021.
Capital allocation framework
The Bank?s capital allocation framework is focused on growth in granular retail and rural lending and selective lending to corporate sector with focus on an increase in lending to higher rated corporates. Net retail advances increased by 19.9% in fiscal 2021 compared to an increase of 13.7% in total advances. As a result, the share of net retail advances increased from 63.2% of net advances at March 31, 2020 to 66.7% of net advances at March 31, 2021.
CASA matrix
The cost of savings account deposits decreased by 47 basis points from 3.63% in fiscal 2020 to 3.16% in fiscal 2021 primarily due to a reduction in interest rate on savings account deposits by 50 basis points in two tranches during fiscal 2021. The average CASA deposits decreased from 42.7% of total average deposits in fiscal 2020 to 41.4% of total average deposits in fiscal 2021.
Bullish / Bearish signals for ICICI Bank Ltd. basis selected technical indicators and moving average crossovers.
5 Day EMA Crossover
Bullish signal on daily chart
Appeared on: 23 Sep 2021
5D EMA: 712.85
| Date | 7 days Gain/Loss % |
|---|---|
| 15 Sep 2021 | 2.81% |
| 8 Sep 2021 | 0.41% |
| 24 Aug 2021 | 3.66% |
| 12 Aug 2021 | 1.22% |
Average price gain of 2.81% within 7 days of Bullish signal in last 5 years
10 Day EMA Crossover
Bullish signal on daily chart
Appeared on: 23 Sep 2021
10D EMA: 713.52
| Date | 7 days Gain/Loss % |
|---|---|
| 15 Sep 2021 | 2.81% |
| 26 Aug 2021 | 5.15% |
| 24 Aug 2021 | 0.86% |
| 12 Aug 2021 | 1.22% |
Average price gain of 2.90% within 7 days of Bullish signal in last 5 years
| R1 | R2 | R3 | PIVOT | S1 | S2 | S3 | |
|---|---|---|---|---|---|---|---|
| Classic | 726.18 | 729.42 | 737.47 | 721.37 | 718.13 | 713.32 | 705.27 |
| 5 DAYS | 14 DAYS | 28 DAYS | |
|---|---|---|---|
| ATR | 13.43 | 13.08 | 13.31 |
Stock Returns vs Nifty 100
Stock gave a 3 year return of 134.15% as compared to Nifty 100 which gave a return of 61.69%. (as of last trading session)Stock Returns vs Nifty Bank
Stock generated 134.15% return as compared to Nifty Bank which gave investors 51.27% return over 3 year time period. (as of last trading session)Choose from Peers
Choose from Stocks
Stock Returns vs Nifty 100
Stock gave a 3 year return of 134.15% as compared to Nifty 100 which gave a return of 61.69%. (as of last trading session)Stock Returns vs Nifty Bank
Stock generated 134.15% return as compared to Nifty Bank which gave investors 51.27% return over 3 year time period. (as of last trading session)2,517.98
Amount Invested (in Cr.)
8.56%
% of AUM
0.00
% Change (MoM basis)
2,694.42
Amount Invested (in Cr.)
8.36%
% of AUM
7.30
% Change (MoM basis)
2,862.33
Amount Invested (in Cr.)
9.51%
% of AUM
0.00
% Change (MoM basis)
MF Ownership as on 31 August 2021
Price
721.603.25 (0.45%)
Open Interest
7,47,64,250-2,722,500 (-3.64%)
| Open | High | Low | Prev Close | Contracts Traded | Turnover (₹ Lakhs) |
|---|---|---|---|---|---|
| 722.35 | 724.35 | 716.60 | 718.35 | 14,886 | 1,47,502.40 |
Open Interest as of 23 Sep 2021
| Meeting Date | Announced on | Purpose | Details |
|---|---|---|---|
| Aug 20, 2021 | Jul 15, 2021 | AGM | - |
| Jul 24, 2021 | Jun 28, 2021 | Board Meeting | Quarterly Results |
| Apr 24, 2021 | Mar 25, 2021 | Board Meeting | Audited Results & Final Dividend |
| Jan 30, 2021 | Dec 24, 2020 | Board Meeting | Quarterly Results |
| Aug 14, 2020 | Jul 13, 2020 | AGM | - |
| Type | Dividend | Dividend per Share | Ex-Dividend Date | Announced on |
|---|---|---|---|---|
| Final | 100% | 2.0 | Jul 29, 2021 | Apr 26, 2021 |
| Final | 50% | 1.0 | Jul 22, 2019 | May 06, 2019 |
| Final | 75% | 1.5 | Aug 24, 2018 | May 07, 2018 |
| Final | 125% | 2.5 | Jun 20, 2017 | May 04, 2017 |
| Final | 250% | 5.0 | Jun 16, 2016 | Apr 29, 2016 |
| All Types | Ex-Date | Record Date | Announced on | Details |
|---|---|---|---|---|
| Bonus | Jun 20, 2017 | - | May 03, 2017 | Bonus Ratio: 1 share(s) for every 10 shares held |
| Splits | Dec 04, 2014 | Dec 05, 2014 | Sep 09, 2014 | Split: Old FV10.0| New FV:2.0 |
ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 500,645.58 Crore).ICICI Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021. Show More
Girish Chandra Chaturvedi
Non Exe.Part Time ChairmanSandeep Bakhshi
Managing Director & CEOAnup Bagchi
Executive DirectorSandeep Batra
Executive DirectorVishakha Mulye
Executive DirectorLalit Kumar Chandel
Government Nominee DirectorIndustry
Key Indices Listed on
Nifty 50, S&P BSE Sensex, Nifty Bank, + 35 more
Address
ICICI Bank Tower,Near Chakli Circle,Old Padra RoadVadodra, Gujarat - 390007
ICICI Bank Ltd. share price moved up by 0.83% from its previous close of Rs 717.00. ICICI Bank Ltd. stock last traded price is 722.95
| Share Price | Value |
|---|---|
| Today/Current/Last | 722.95 |
| Previous Day | 717.00 |
DATA SOURCES: TickerPlant (for live BSE/NSE quotes service) and Dion Global Solutions Ltd. (for corporate data, historical price & volume, F&O data). Sensex & BSE Quotes and Nifty & NSE Quotes are real-time and licensed from BSE and NSE respectively. All timestamps are reflected in IST (Indian Standard Time).
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