ICICI Bank Limited (IBN) AI Stock Analysis

Headquartered in Mumbai, India, ICICI Bank Limited provides a wide array of banking and financial products and services domestically and internationally. Founded in 1955, the bank operates across segments including Retail Banking, Wholesale Banking, Treasury, Life Insurance, General Insurance, and other financial operations. Its retail division delivers savings, deposit accounts, personal, home, and vehicle loans, alongside credit cards and wealth management solutions. Wholesale banking covers corporate banking, trade finance, project finance, foreign exchange, and capital markets. ICICI Bank also offers investment banking, underwriting, securities trading, and digital banking platforms.

ICICI Bank increased annual revenue from $1.16T in FY2022 to $3.12T in FY2026, achieving a 5-year revenue CAGR of 14.1%. Net income expanded from $251.10B in FY2022 to $542.08B in FY2026, although net margin declined from 21.6% to 17.4% over the same period. Operating margin in FY2026 stood at 24.8%, compared to 64.2% in FY2022. For the latest quarter ended June 30, 2026, quarterly revenue grew 15.8% year-over-year, while quarterly earnings increased 22.1%. Over the trailing twelve months, revenue reached $2.12T, with an operating margin of 37.5% and diluted earnings per share of $1.71.

As of June 30, 2026, ICICI Bank held $1.96T in cash and short-term investments against total debt of $2.26T, resulting in net debt of $298.24B. Shareholders' equity was $3.81T out of total assets of $30.02T, yielding a debt-to-equity ratio of 0.59 and a current ratio of 0.11. For FY2026, the bank generated $673.25B in operating cash flow and $635.95B in free cash flow. Capital expenditures were $37.30B, while dividends paid totaled $78.53B.

At a last close of $29.99, ICICI Bank traded at a trailing P/E of 17.5x and a forward P/E of 16.6x, above the US-listed Financial Services median of 12.1x and 10.8x, respectively. Its price-to-sales ratio was 0.1x compared to the peer median of 3.2x, while EV/revenue stood at 5.3x. Over the past year, the stock declined 5.1%, trailing the S&P 500 (SPY) return of 16.8%. Over five years, the stock gained 59.8%, compared to an 83.0% gain for the benchmark index.

ICICI Bank paid an annual forward dividend of $0.25 per share, representing a dividend yield of 0.83% and a payout ratio of 12.8%. The company has paid consecutive dividends for 6 years on an annual payment schedule, with the last ex-dividend date occurring on August 3, 2026.

Among covering analysts, ICICI Bank holds 3 Strong Buy ratings, 1 Buy rating, and zero Hold, Sell, or Strong Sell ratings. The mean price target is $36.58, representing a 22.0% premium over the last close of $29.99. For the fiscal year ending March 31, 2027, consensus estimates forecast EPS of $1.61 on revenue of $1.38T. The bank has beaten EPS estimates in 2 of the last 4 quarters.

This page is an AI-written research summary of ICICI Bank Limited (IBN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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