ICICI Bank Ltd.

• Buffer of stake in subsidiaries

  The bank 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.

• Excess liquidity

  There is excess liquidity in the system which leads to a compression in the NIM (Net Interest Margin) in the short term. The challenge is to find the right quality of borrower, both in corporate and retail space. This issue might continue till clarity emerges on repayments coming from the moratorium loan book.

• Addition to network

  The bank has a network of 5,324 branches. Out of this, 50 per cent are in the semi-urban and rural areas. The bank added 1,151 branches and ATMs in FY-20, taking the total banking outlets to 21,012.

• Addition to human capital

  In fiscal 2020, the average staff strength increased to 97,682 from an average of 84,523 in FY-19, an increase of 13,159. These additions were primarily in the retail and rural businesses, indicating the areas where the bank is focusing.

• PE Ratio(x)24.21
• EPS - TTM(₹)20.19
• MCap(₹ Cr.)3,34,984
• MCap Rank3
• PB Ratio(x)2.44
• Div Yield(%)0.47
• Face Value(₹)2.00
• 52W High(₹)552.20
• 52W Low(₹)268.30
• MCap/Sales2.48
• Beta(1 Month)1.09
• BV/Share(₹)188.15

• PE Ratio(x)24.22
• EPS - TTM(₹)20.19
• MCap(₹ Cr.)3,34,950
• MCap Rank3
• PB Ratio(x)2.44
• Div Yield(%)0.46
• Face Value(₹)2.00
• 52W High(₹)552.40
• 52W Low(₹)269.00
• MCap/Sales2.48
• Beta(1 Month)1.11
• BV/Share(₹)188.15

• 1 Day1.41%
• 1 Month11.81%
• 3 Months31.16%
• 1 Year-7.67%
• 3 Years60.61%
• 5 Years105.59%

• 1 Day1.47%
• 1 Month11.84%
• 3 Months31.17%
• 1 Year-7.62%
• 3 Years60.72%
• 5 Years105.74%

• Market Movers: Infosys, ICICI Bank jump; ICICI Lombard at record high; 431 stocks hit upper circuit

  News

• Stock market update: Nifty Bank index surges 500 points! RBL Bank jumps 5%

  News

• Disclosure Under Regulation 30 Read With Para A Of Schedule III And Regulation 46 (2)..

  Announcements

• BUY

  Buy ICICI Bank, target price Rs 525: Motilal Oswal

  Recos

• Income (P&L)

  • Beating 3 Yr Revenue CAGR

    Company's annual revenue growth of 14.07% outperformed its 3 year CAGR of 9.62%. (Source: Consolidated Financials)

  • Quarterly Revenue Growth Comparison

    Company reported total income growth on both quarterly & yearly basis. Total income for Sep 30, 2020 quarter was Rs 39321.42 cr which is an increase of 3.64% QoQ and 5.07% YoY. (Source: Consolidated Financials)

  QuarterlyAnnual	Sep 2020	Jun 2020	Mar 2020	Dec 2019	Sep 2019
  Total Income	39,321.42	37,939.32	40,121.48	38,370.95	37,424.78
  Total Income Growth (%)	3.64	-5.44	4.56	2.53	10.50
  Provisions & Contingencies	3,049.95	7,704.58	6,598.21	2,131.44	2,725.80
  Provisions & Contingencies Growth (%)	-60.41	16.77	209.57	-21.80	-23.40
  Profit after Tax (PAT)	4,882.33	3,117.68	1,251.32	4,670.10	1,131.19
  PAT Growth (%)	56.60	149.15	-73.21	312.85	-55.00
  Gross NPA (%)	-	-	-	-	-
  Net NPA (%)	-	-	-	-	-
  Net Profit Margin (%)	12.42	8.22	3.12	12.17	3.02
  Basic EPS (₹)	7.30	4.82	1.93	7.22	1.75

  QuarterlyAnnual	Sep 2020	Jun 2020	Mar 2020	Dec 2019	Sep 2019
  Total Income	23,650.77	26,066.95	23,443.66	23,638.26	22,759.52
  Total Income Growth (%)	-9.27	11.19	-0.82	3.86	6.33
  Provisions & Contingencies	2,995.27	7,593.95	5,967.44	2,083.20	2,506.87
  Provisions & Contingencies Growth (%)	-60.56	27.26	186.46	-16.90	-28.29
  Profit after Tax (PAT)	4,251.33	2,599.15	1,221.36	4,146.46	654.96
  PAT Growth (%)	63.57	112.81	-70.54	533.09	-65.67
  Gross NPA (%)	5.17	5.46	5.53	5.95	6.37
  Net NPA (%)	1.00	1.23	1.41	1.49	1.60
  Net Profit Margin (%)	17.98	9.97	5.21	17.54	2.88
  Basic EPS (₹)	6.35	4.01	1.89	6.41	1.01

  QuarterlyAnnual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Total Income	1,49,786.10	1,31,306.50	1,18,969.10	1,13,397.63	1,01,395.85
  Total Income Growth (%)	14.07	10.37	4.91	11.84	12.39
  Provisions & Contingencies	22,377.21	22,180.92	19,851.88	19,051.50	15,682.92
  Provisions & Contingencies Growth (%)	0.88	11.73	4.20	21.48	57.89
  Profit after Tax (PAT)	9,566.31	4,254.24	7,712.19	10,188.38	10,179.96
  PAT Growth (%)	97.31	-37.48	-19.76	3.78	-15.57
  Net Interest Margin (%)	2.91	2.64	2.48	2.64	2.75
  Net Profit Margin (%)	11.27	5.91	12.40	16.71	17.16
  Basic EPS (₹)	14.81	6.61	12.02	15.91	17.53

  QuarterlyAnnual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Total Income	91,246.94	77,913.36	72,385.52	73,660.76	68,062.49
  Total Income Growth (%)	17.11	7.64	-1.73	8.23	11.09
  Provisions & Contingencies	20,170.46	20,074.60	17,964.11	16,685.66	14,137.25
  Provisions & Contingencies Growth (%)	0.48	11.75	7.66	18.03	65.45
  Profit after Tax (PAT)	7,930.81	3,363.30	6,777.42	9,801.09	9,726.29
  PAT Growth (%)	135.80	-50.37	-30.85	0.77	-12.97
  Net Interest Margin (%)	3.02	2.80	2.61	2.81	2.94
  Net Profit Margin (%)	10.60	5.30	12.33	18.09	18.44
  Basic EPS (₹)	12.28	5.23	10.56	15.31	16.75

  All figures in Rs Cr, unless mentioned otherwise

• Balance Sheet

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Advances	7,06,246.11	6,46,961.68	5,66,854.22	5,15,317.31	4,93,729.11
  Advances Growth (%)	9.16	14.13	10.00	4.37	12.60
  Deposits	8,00,784.46	6,81,316.94	5,85,796.11	5,12,587.26	4,51,077.39
  Deposits Growth (%)	17.53	16.31	14.28	13.64	16.87
  Total Equity	1,29,751.34	1,20,829.27	1,16,632.31	1,09,491.05	97,459.66
  Total Equity Growth (%)	7.38	3.60	6.52	12.35	11.76
  Gross NPA (%)	-	-	-	-	-
  Net NPA (%)	-	-	-	-	-
  Capital Adequacy Ratios (%)	-	-	-	-	-
  Contingent Liabilities	30,03,053.53	26,12,071.94	18,91,035.83	13,07,841.59	10,70,233.91

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Advances	6,45,289.97	5,86,646.58	5,12,395.29	4,64,232.08	4,35,263.94
  Advances Growth (%)	10.00	14.49	10.37	6.66	12.32
  Deposits	7,70,968.99	6,52,919.67	5,60,975.21	4,90,039.06	4,21,425.71
  Deposits Growth (%)	18.08	16.39	14.48	16.28	16.56
  Total Equity	1,16,504.41	1,08,368.04	1,05,158.94	99,951.07	89,735.58
  Total Equity Growth (%)	7.51	3.05	5.21	11.38	11.57
  Gross NPA (%)	6.04	7.38	-	8.74	5.82
  Net NPA (%)	1.54	2.29	5.43	5.43	2.98
  Capital Adequacy Ratios (%)	16.11	16.89	18.42	17.39	16.64
  Contingent Liabilities	25,23,825.80	19,22,038.29	12,89,244.00	10,30,993.71	8,53,520.77

  All figures in Rs Cr, unless mentioned otherwise

• Cash Flows

  • Increase in Cash from Investing

    Company has used Rs 42308.43 cr for investing activities which is an YoY increase of 40.34%. (Source: Consolidated Financials)

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Net Cash flow from Operating Activities	79,564.75	48,671.05	19,382.93	52,635.53	23,645.32
  Net Cash used in Investing Activities	-42,308.43	-30,147.22	-50,573.45	-1,605.74	-11,819.26
  Net Cash flow from Financing Activities	2,992.18	-19,997.43	39,675.97	-35,469.54	5,813.91
  Net Cash Flow	40,462.03	-1,608.24	8,508.26	15,454.90	17,398.80
  Closing Cash & Cash Equivalent	1,27,852.92	87,390.90	88,999.13	80,490.87	65,035.97
  Closing Cash & Cash Equivalent Growth (%)	46.30	-1.81	10.57	23.76	36.52

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Net Cash flow from Operating Activities	78,449.44	38,418.79	13,303.65	39,222.81	22,428.47
  Net Cash used in Investing Activities	-37,107.40	-23,875.31	-38,968.80	7,045.42	-3,949.98
  Net Cash flow from Financing Activities	-2,644.55	-18,251.09	34,118.30	-30,378.79	-585.07
  Net Cash Flow	38,859.45	-3,873.09	8,456.32	15,844.32	17,564.13
  Closing Cash & Cash Equivalent	1,19,155.74	80,296.29	84,169.38	75,713.06	59,868.74
  Closing Cash & Cash Equivalent Growth (%)	48.40	-4.60	11.17	26.47	41.52

  All figures in Rs Cr, unless mentioned otherwise

• Ratios

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Return on Equity (%)	7.98	3.82	7.16	10.03	11.15
  Return on Assets (%)	0.69	0.34	0.68	1.03	1.10
  Cost to Income (%)	62.68	65.83	63.55	59.27	55.69
  Interest income to Earning assets (%)	6.15	5.81	5.52	6.18	6.45
  Interest Expense to Earning assets (%)	3.24	3.16	3.04	3.53	3.70
  Price to Earnings (x)	21.98	60.61	23.26	15.85	13.53
  Price to Book (x)	1.75	2.31	1.66	1.59	1.51
  Price to Sales (x)	2.48	3.57	2.88	2.65	2.32
  Operating Profit Margin (%)	-63.32	-74.51	-76.74	-67.47	-52.57

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Return on Equity (%)	6.99	3.19	6.63	10.11	11.19
  Return on Assets (%)	0.72	0.34	0.77	1.26	1.34
  Cost to Income (%)	45.79	48.98	46.51	42.68	39.40
  Interest income to Earning assets (%)	6.80	6.57	6.25	7.01	7.31
  Interest Expense to Earning assets (%)	3.78	3.77	3.63	4.20	4.37
  Price to Earnings (x)	26.53	76.92	26.46	16.47	14.16
  Price to Book (x)	1.85	2.44	1.75	1.67	1.58
  Price to Sales (x)	2.81	4.06	3.26	2.98	2.61
  Operating Profit Margin (%)	-11.38	-17.58	-19.36	-17.91	-10.61

• Management View (MD&A)

  • Watch for resolution of large stressed assets

    The process of resolution of large stressed accounts continued during the year. Further, additions to the non-performing pool of banks declined during the year. However, challenges continued for the nonbanking financial companies (NBFCs) and housing finance companies during fiscal 2020, with subdued growth and moderation in available market funding.

  • Focusing on credit monitoring

    The Bank’s immediate focus in fiscal 2021 would be towards maintaining adequate liquidity, conservation of capital and robust credit monitoring. Given the Bank’s core operating profitability, liquidity and capital adequacy, the Bank believes it is well-placed to absorb the impact of the challenges in the environment.

  • Covid trouble adds to headwinds

    The Bank’s business is expected to be impacted by lower lending opportunities and revenues in the short to medium term. The impact of the Covid-19 pandemic on Bank’s results, including credit quality and provisions, remains uncertain and dependent on the spread of Covid-19, further steps taken by the government and the central bank to mitigate the economic impact, steps taken by the Bank and the time it takes for economic activities to resume at normal levels.

• Buy/Sell Signals

  5 Day EMA Crossover

  Bullish signal on daily chart

  Appeared on: 1 Dec 2020

  5D EMA: 478.42

  Last Signal 24 Nov 2020 (Gain 2.46%)

  Average price gain of 2.96% within 7 days of Bullish signal in last 5 years

  10 Day EMA Crossover

  Bullish signal on daily chart

  Appeared on: 1 Dec 2020

  10D EMA: 476.46

  Last Signal 26 Nov 2020 (Gain 0.89%)

  Average price gain of 2.90% within 7 days of Bullish signal in last 5 years

• Price Analysis
  47%

  Positive Movement
  since 1st Jan 2005
  on basis

  53%

  Negative Movement
  since 1st Jan 2005
  on basis

  Exclude

  Global Meltdown1st Jan 2008 to 10th Nov 2008

  Covid Crisis1st Feb 2020 to 31st Mar 2020

• Pivot Levels

  R1	484.95	Pivot 481.90	S1	478.80
  R2	488.05		S2	475.75
  R3	494.20		S3	469.60

• Average True Range

  5 Days	14 Days	28 Days
  12.58	14.45	14.55

• Stock Performance
  • CHART
  • TABLE

  • 1D
  • 1W
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y

  • Choose from Peers

    Choose from Stocks

  NAME	1D	1W	1M	3M	1Y	3Y	5Y
  ICICI Bank	1.34	3.16	11.73	31.07	-7.74	60.49	105.44
  Kotak Bank	0.22	-4.30	11.92	32.24	10.52	82.87	174.58
  Axis Bank	0.91	1.10	15.81	33.61	-17.79	13.69	32.07
  IndusInd Bank	0.20	4.70	32.44	45.74	-41.85	-45.58	-4.77
  Bandhan Bank	0.15	2.77	20.65	19.94	-33.81	0.00	0.00
  Add More

  All values in %

  Choose from Peers

  • YES Bank
  • IDFC First Bank
  • City Union Bank
  • Federal Bank
  • RBL Bank

  Choose from Stocks
• Ratio Performance

  NAME	P/E (x)	P/B (x)	ROE %	ROA %	Rev CAGR [3Yr]	OPM	NPM
  ICICI Bank	24.04	1.75	7.98	0.69	9.62	-63.32	11.27
  Kotak Bank	39.89	3.72	12.89	1.93	13.86	-24.74	25.67
  Axis Bank	52.14	1.24	2.14	0.19	11.48	-22.69	2.90
  IndusInd Bank	24.22	0.71	12.94	1.45	24.10	-8.66	15.48
  Bandhan Bank	22.31	2.16	19.89	3.29	41.75	13.54	27.77
  Add More

  Annual Ratios (%)

  Choose from Peers

  • YES Bank
  • IDFC First Bank
  • City Union Bank
  • Federal Bank
  • RBL Bank

  Choose from Stocks

• QoQ Change
  Category	30 Sep 2020	30 Jun 2020	31 Mar 2020	31 Dec 2019
  Promoters	0.00	0.00	0.00	0.00
  Pledge	0.00	0.00	0.00	0.00
  FII	45.68	42.99	43.73	45.82
  DII	43.70	45.73	44.58	43.14
  Mutual Funds	27.07	28.28	27.61	25.98
  Others	10.62	11.28	11.69	11.04

• Total Shareholdings
  Category	No. of Shares	Percentage	% Change QoQ
  FII	2,57,53,53,340	45.68 %	2.69
  DII	2,46,37,17,870	43.70 %	-2.03
  MF	1,52,58,28,927	27.07 %	-1.21
  Others	1,85,71,51,939	10.62 %	-0.66

• SBI ETF Nifty 50-D

  Equity: Large Cap

  • 3,990.03

    Amount Invested (in Cr.)

  • 5.39%

    % of AUM

  • -4.53

    % Change (MoM basis)

• HDFC Balanced Advantage Direct-G

  Hybrid: Dynamic Asset Allocation

  • 2,357.50

    Amount Invested (in Cr.)

  • 6.79%

    % of AUM

  • 0.00

    % Change (MoM basis)

• SBI ETF Sensex

  Equity: Large Cap

  • 1,920.88

    Amount Invested (in Cr.)

  • 6.25%

    % of AUM

  • -2.77

    % Change (MoM basis)

• Futures
  • Expiry Month31-12-2020 (Current)28-01-2021 (Near)25-02-2021 (Far)

  Date	Price
  27-09-2020Current	487.702.85 (0.59%)
  486.00 Open	488.40 High	485.05 Low
  484.85 Prev Close	1,562 Contracts Traded	10,467.49 Turnover (₹ Lakhs)

• Options
  • TypeCEPE
  • Expiry Month31-12-2020 (Current)28-01-2021 (Near)25-02-2021 (Far)
  • Strike Price250.0260.0270.0280.0290.0300.0310.0320.0330.0340.0350.0360.0370.0380.0390.0400.0410.0420.0430.0440.0450.0460.0470.0480.0490.0500.0510.0520.0530.0540.0550.0560.0570.0580.0

  Date	Price
  27-09-2020Current	0.00-96.05 (-100.00%)
  0.00 Open	0.00 High	0.00 Low
  96.05 Close	0 Contracts Traded	0.00 Turnover (₹ Lakhs)

• Recent

  General Meeting

  -

  Jul 13, 2020

  General Meeting

  -

  Jul 09, 2020

  Board Meeting

  To consider raising of funds

  Jul 06, 2020

• Board Meetings

  Announced on	Meeting on
  Jul 03, 2020	Jul 25, 2020
  Quarterly Results
  Jul 06, 2020	Jul 08, 2020
  To consider raising of funds
  May 05, 2020	May 09, 2020
  Audited Results & Others
  Dec 26, 2019	Jan 25, 2020
  Quarterly Results
  Sep 25, 2019	Oct 26, 2019
  Quarterly Results

• Dividends

  Announced on	Ex-Date	Dividend%
  Apr 27, 2015	Jun 04, 2015	250%
  Apr 29, 2016	Jun 16, 2016	250%
  May 04, 2017	Jun 20, 2017	125%
  May 07, 2018	Aug 24, 2018	75%
  May 06, 2019	Jul 22, 2019	50%

• Bonus

  Announced on	Ex-Date
  May 03, 2017	Jun 20, 2017
  Bonus Ratio: 1 share(s) for every 10 shares held

• Splits

  Announced on	Ex-Date
  Sep 09, 2014	Dec 04, 2014
  Split: Old FV10.0| New FV:2.0

• Rights

  No Data Available

• AGM/EGM Meetings

  Announced on	Meeting on
  Jul 13, 2020	Aug 14, 2020
  -
  Jul 09, 2020	Aug 10, 2020
  -
  May 06, 2019	Aug 09, 2019
  Book closure from Jul 24, 2019 to Aug 9, 2019
  May 07, 2018	Sep 12, 2018
  (Revised)
  May 10, 2017	Jun 13, 2017
  -

ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 334604.75 Crore).ICICI Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 57551.11 Crore to Sales Value (76.94 % of Total Sales), Income From Investment which contributed Rs 14673.21 Crore to Sales Value (19.61 % of Total Sales), Interest which contributed Rs 1891.85 Crore to Sales Value (2.52 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 682.15 Crore to Sales Value (0.91 % of Total Sales)for the year ending 31-Mar-2020. The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs .00 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs .00 Crore (.00% of total assets).For the quarter ended 30-09-2020, the company has reported a Consolidated Interest Income of Rs 14805.93 Crore, down -3.45 % from last quarter Interest Income of Rs 15335.70 Crore and down -2.18 % from last year same quarter Interest Income of Rs 15136.52 Crore. The bank has reported net profit after tax of Rs 5426.33 Crore in latest quarter.The bank’s top management includes Mr.Anup Bagchi, Ms.Rama Bijapurkar, Ms.Neelam Dhawan, Mr.Uday Chitale, Mr.Sandeep Batra, Mr.Sandeep Bakhshi, Mr.S Madhavan, Mr.Radhakrishnan Nair, Mr.Lalit Kumar Chandel, Mr.Hari L Mundra, Mr.Girish Chandra Chaturvedi, Mr.B Sriram, Ms.Vishakha Mulye. It has Walker, Chandiok & Co.LLP as its auditoRs As on 30-09-2020, the company has a total of 6,896,223,149 shares outstanding. Show More

ICICI Bank Ltd. share price moved up by 1.58% from its previous close of Rs 481.85. ICICI Bank Ltd. stock last traded price is 489.45

ICICI Bank Ltd. share price moved up by 1.55% from its previous close of Rs 481.90. ICICI Bank Ltd. stock last traded price is 489.35

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