In India, ICICI Bank works as the second-biggest confidential area bank, giving different monetary items as well as administrations to individual clients, little and medium endeavors (SMEs), and enterprises. The ICICI group’s subsidiaries and associates also engage in well-known business operations such as life and general insurance, housing finance, and primary dealership. In addition, the bank boasts an extensive branch network that includes ATMs and other touch points.
ICICI Bank Share Price Target 2024-2030
ICICI Bank has figured out how to become perhaps of the greatest non-administrative Indium banking activities. It provides a variety of banking services to meet the requirements of all of its customers, whether they are in the retail or corporate sectors. ICICI Bank was founded in 1994 and is now one of India’s most well-known private banking institutions.
ICICI Bank Share Price Target Today Update
Over the years, ICICI Bank, which is widely regarded as one of the most important private sector banks in India, has demonstrated steady growth. The financial institution has demonstrated resilience in a variety of monetary situations and has a diverse portfolio. The inventory opened at INR 1,167.00, rose to INR 1,170.05, and fell to INR 1,153.00, according to the most recent records. The company has a market capitalization of 8.17 lakh crore Indian Rupees (INR), a rate-to-profits (P/E) ratio of 18.27, and a dividend yield of 0.86 percent. The multi week extreme is INR 1,257.80, while the multi week low is INR 899.00.
ICICI Bank Business Profile
The bank has offices in China, the United States, Singapore, Bahrain, Hong Kong, the Dubai International Finance Centre, South Africa, and the Offshore Banking Unit (OBU). It also has representatives in the United Arab Emirates, Bangladesh, Malaysia, Nepal, and Indonesia.
- Branch: In addition, the bank has branches in the United Kingdom and Canada, where it has wholly owned banking subsidiaries. On the other hand, ICICI Bank UK has an offshore branch in Germany in the United Kingdom.
- Loan Book: Retail progresses make up 54.3% of the complete advance book, while Corporates and others follow with 21.7%, Country credits at 8.3% and Business banking comes in at 7.4%. In that order, SME accounts for 4.9% of the overseas book and 3.4% of the domestic book.
- Retail Book: Mortgage loans make up 59.5 percent of the retail book, followed by personal loans (17.3 percent), vehicle loans (14.1%), credit cards (7.5 percent), and other types (1.3 percent).
- Mortgage Loans: There are 69% home loans, 6% top-up loans, 5% office premises loans, and 19% loans against property in the overall mortgage portfolio. The typical home advance ticket size is ₹35 lakhs. 64% of home loan distributions in FY24 were done physically.
- Credit Cards: There have been approximately 1.65 crore credit cards issued by the bank. The bank also offers a co-branded credit card in collaboration with Amazon, for which it has been soliciting bids for 47 lakhs of dollars.
- Exposure: The bank is overwhelmingly presented to a few fields, including: Administrations – Retail finance (39.8%), Administrations – finance (8.2%), Provincial (6.2%), Discount (4.7%), Banks (4.6%), Gadgets (3.9%), Unrefined petrol (3.6%), Administrations – Non Money (3.5%), Foundation (3.1%) in contrast with the all out bank openness.
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Institutional Holdings & Investment Trends For ICICI Bank
The institutional holdings of ICICI Bank present a positive picture, with Foreign Portfolio Investors (FPIs) and Foreign Institutional Investors (FIIs) holding a significant 45.47% of the stock. This is a rise from the previous industry, where FII/FPI holdings were 44.77 percent. Additionally, the overall number of FII/FPI customers has increased, rising from 2,222 in the previous quarter to 2,305 in the June 2024 sector. The self-belief in the economic company’s future possibilities is emphasized by this growing hobby from customers in remote locations.
Investor Sentiment for ICICI Bank Share Price
Investor sentiment, every homegrown and global, will play an essential capability in ICICI Bank Offer Cost development. The inventory price will probably rise as a result of good news about the company’s financial normal performance, strategic tasks, or macroeconomic trends. Conversely, share prices must fall as a result of any adverse records, regulatory outcomes, financial slowdowns, or geopolitical tensions. The financial institution is anticipated to provide constant increase, principal to full-size inventory rate appreciation from 2024 to 2030 with a strong focus on virtual transformation, prudent risk management, and strategic growth.
Basic Detail of ICICI Bank Ltd
ICICI Bank was founded in 1994 and has a registered office in Vadodara (Gujrat) in addition to its Mumbai headquarters. ICICI Bank is not only present in India, but also in over 17 other countries. Mr. is ICIC Bank’s MD/CEO. Sandeep Bakhshi and ICICIBANK are the National Stock Exchange’s symbols.
Financial Performance of ICICI Bank
The financial performance of ICICI Bank is great and this presentation you grasped after this section. If we consider the ICICI Bank’s profit percentage for the fiscal year 2023-2024, it increased by +22% to INR 36,387 Cr, and the bank’s fourth-quarter profit for the same period increased by +36% to INR 9,852 Cr. Thus, companions, I trust now you figure out the monetary steadiness of the bank.
ICICI Bank Share Price NSE & BSE History
The share price of ICICI Bank is now 1233.40 Rs per share, up from 1102 Rs the month before, and the return for the month before that was +10.95%. The return for the previous year was +29%, the return for the previous five years was 184.19%, and the return for the previous 22 years was +4643.85%.
ICICI Bank Fundamentals & Quarterly Results
| Market Cap | ₹8,52,918 Cr. |
| Current Price | ₹1,212 |
| High / Low | ₹1,223 / ₹899 |
| Stock P/E | 19.3 |
| Book Value | ₹307 |
| Dividend Yield | 0.66% |
| ROCE | 8.37% |
| ROE | 20.6% |
| Face Value | ₹2.00 |
| Debt to Equity | 6.53 |
| 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 Percentage | 0.00% |
| FCF (Previous Ann.) | ₹-5,951 Cr. |
| EV/EBITDA | 15.6 |
| Industry P/E | 13.0 |
| PEG Ratio | 0.32 |
| Piotroski Score | 6.00 |
| Earnings Yield | 6.40% |
| Sales Growth (5 Years) | 17.2% |
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ICICI Quarterly Results
| Metric | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
| Revenue | 24,999 | 26,159 | 28,850 | 31,619 | 34,439 | 37,106 | 38,938 | 40,865 | 42,607 |
| Interest | 10,634 | 11,089 | 11,997 | 12,978 | 14,479 | 16,368 | 17,908 | 19,409 | 20,424 |
| Expenses | 21,775 | 18,137 | 22,336 | 22,946 | 25,959 | 21,402 | 24,560 | 24,929 | 30,604 |
| 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 Income | 18,013 | 13,271 | 16,634 | 16,470 | 19,735 | 15,229 | 18,690 | 18,874 | 24,802 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 10,604 | 10,203 | 11,151 | 12,165 | 13,735 | 14,566 | 15,160 | 15,402 | 16,381 |
| Tax % | 24% | 25% | 25% | 25% | 25% | 24% | 25% | 25% | 26% |
| Net Profit | 8,089 | 7,698 | 8,361 | 9,166 | 10,236 | 11,014 | 11,351 | 11,515 | 12,200 |
| EPS (₹) | 11.11 | 10.62 | 11.49 | 12.60 | 14.11 | 15.20 | 15.56 | 15.76 | 16.62 |
CAGR Report
Compounded Sales Growth
| Period | Growth Rate |
| 10 Years | 12% |
| 5 Years | 17% |
| 3 Years | 21% |
| TTM | 32% |
Compounded Profit Growth
| Period | Growth Rate |
| 10 Years | 15% |
| 5 Years | 60% |
| 3 Years | 34% |
| TTM | 30% |
Stock Price CAGR
| Period | Growth Rate |
| 10 Years | 17% |
| 5 Years | 23% |
| 3 Years | 23% |
| 1 Year | 30% |
Return on Equity
| Period | ROE |
| 10 Years | 13% |
| 5 Years | 16% |
| 3 Years | 18% |
| Last Year | 21% |
ICICI Bank Shareholding Pattern
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| FIIs | 48.10% | 43.05% | 43.73% | 47.81% | 43.95% | 44.16% | 44.77% |
| DIIs | 41.56% | 45.41% | 44.58% | 41.70% | 44.58% | 45.11% | 45.10% |
| Government | 0.22% | 0.33% | 0.39% | 0.43% | 0.24% | 0.24% | 0.28% |
| Public | 10.12% | 11.21% | 11.31% | 10.06% | 11.23% | 10.48% | 9.84% |
| No. of Shareholders | 8,55,495 | 8,21,548 | 11,01,300 | 13,78,360 | 18,79,722 | 18,33,994 | 17,85,572 |
ICICI Bank Share Price Target 2024-2030 Forecast
| Year | Initial Target | Mid-Year Target | Year-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
| Month | Target |
| 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
| Month | Target |
| 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
| Month | Target |
| January | ₹1698 |
| February | ₹1732 |
| March | ₹1767 |
| April | ₹1708 |
| May | ₹1651 |
| June | ₹1596 |
| July | ₹1660 |
| August | ₹1726 |
| September | ₹1795 |
| October | ₹1831 |
| November | ₹1868 |
| December | ₹1905 |
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ICICI Bank Share Price Target 2028
| Month | Target |
| 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
| Month | Target |
| 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
| Month | Target |
| January | ₹2546 |
| February | ₹2597 |
| March | ₹2649 |
| April | ₹2561 |
| May | ₹2476 |
| June | ₹2394 |
| July | ₹2490 |
| August | ₹2590 |
| September | ₹2694 |
| October | ₹2748 |
| November | ₹2803 |
| December | ₹2859 |
Final Words
Investors received good returns from ICICI Bank; however, given that this is expected ICICI Bank data, you should reevaluate one for potential future investments or returns. There is no denying that ICICI Bank has a sizable market capitalization, but there are always a lot of competitors. When it comes to the performance of ICICI Bank’s share price on the stock market, the stock has fluctuated quite frequently. However, investors in NSE ICICI Bank must be pleased with the overall growth of the stock.
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