ICICI Bank Limited (IBN) Key Metrics

NYSE: IBNValuation, returns, debt and efficiency ratios over 10 years.

IBN key metrics, FY2017–FY2026

Fiscal year ended March 31, 2026 · Indian rupees

IBN returns How much profit the business earns on the capital it uses.

Return on equity−1.9 pts
16.0%
FY2026 · hover or tap a bar for each year
FY2017: 10.0% (−0.8 pts)FY2018: 6.8% (−3.2 pts)FY2019: 3.6% (−3.2 pts)FY2020: 7.9% (+4.3 pts)FY2021: 13.2% (+5.3 pts)FY2022: 15.5% (+2.3 pts)FY2023: 19.2% (+3.7 pts)FY2024: 19.9% (+0.8 pts)FY2025: 17.9% (−2.0 pts)FY2026: 16.0% (−1.9 pts)
FY2017FY2026
Return on invested capital−0.6 pts
19.4%
FY2026 · hover or tap a bar for each year
FY2017: 4.4% (+0.8 pts)FY2018: 3.4% (−1.0 pts)FY2019: 1.6% (−1.9 pts)FY2020: 2.3% (+0.7 pts)FY2021: 8.9% (+6.6 pts)FY2022: 38.7% (+29.8 pts)FY2023: 20.3% (−18.4 pts)FY2024: 21.0% (+0.6 pts)FY2025: 20.0% (−1.0 pts)FY2026: 19.4% (−0.6 pts)
FY2017FY2026
Return on assets−0.1 pts
2.0%
FY2026 · hover or tap a bar for each year
FY2017: 1.1% (0.0 pts)FY2018: 0.7% (−0.4 pts)FY2019: 0.3% (−0.3 pts)FY2020: 0.8% (+0.4 pts)FY2021: 1.3% (+0.5 pts)FY2022: 1.6% (+0.3 pts)FY2023: 2.0% (+0.5 pts)FY2024: 2.2% (+0.1 pts)FY2025: 2.0% (−0.1 pts)FY2026: 2.0% (−0.1 pts)
FY2017FY2026
Free cash flow margin−5.9 pts
20.4%
FY2026 · hover or tap a bar for each year
FY2017: 32.1% (+5.6 pts)FY2018: 24.3% (−7.8 pts)FY2019: 34.6% (+10.3 pts)FY2020: 31.8% (−2.9 pts)FY2021: 48.2% (+16.4 pts)FY2022: 117.2% (+69.0 pts)FY2023: 30.5% (−86.7 pts)FY2024: 65.3% (+34.8 pts)FY2025: 26.3% (−39.0 pts)FY2026: 20.4% (−5.9 pts)
FY2017FY2026
Cash conversion (OCF / net income)−22.9%
1.24
FY2026 · hover or tap a bar for each year
FY2017: 3.70 (+35.8%)FY2018: 3.88 (+5.0%)FY2019: 10.95 (+182.2%)FY2020: 5.09 (−53.6%)FY2021: 4.33 (−14.9%)FY2022: 5.50 (+27.0%)FY2023: 1.71 (−68.9%)FY2024: 3.55 (+108.2%)FY2025: 1.61 (−54.7%)FY2026: 1.24 (−22.9%)
FY2017FY2026
Asset turnover−4.5%
0.11
FY2026 · hover or tap a bar for each year
FY2017: 0.12 (+7.9%)FY2018: 0.11 (−10.3%)FY2019: 0.11 (−0.9%)FY2020: 0.12 (+14.0%)FY2021: 0.11 (−5.1%)FY2022: 0.07 (−35.5%)FY2023: 0.11 (+50.2%)FY2024: 0.11 (+2.9%)FY2025: 0.12 (+2.9%)FY2026: 0.11 (−4.5%)
FY2017FY2026

IBN returns on capital

ROEROICROA

Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.

IBN debt vs cash

Total debtCash & short-term investments

Debt includes short- and long-term borrowings and, where reported, lease liabilities.

IBN cash returned to shareholders

DividendsBuybacksFree cash flow

IBN key metrics in Indian rupees

FY2017–FY2026
FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Returns & profitability
Return on equity (ROE)16.0%17.9%19.9%19.2%15.5%13.2%7.9%3.6%6.8%10.0%
Return on invested capital (ROIC)19.4%20.0%21.0%20.3%38.7%8.9%2.3%1.6%3.4%4.4%
Return on assets (ROA)2.0%2.0%2.2%2.0%1.6%1.3%0.8%0.3%0.7%1.1%
Return on tangible assets1.9%1.9%1.9%1.9%1.6%1.2%0.9%0.3%0.6%1.0%
Free cash flow margin20.4%26.3%65.3%30.5%117.2%48.2%31.8%34.6%24.3%32.1%
Income quality (OCF / net income)1.241.613.551.715.504.335.0910.953.883.70
Financial health
Total debt₹2.20T₹2.04T₹2.01T₹1.98T₹1.57T₹1.40T₹2.13T₹2.10T₹2.29T₹1.88T
Cash & short-term investments₹2.65T₹2.38T₹1.90T₹2.14T₹1.48T₹1.82T₹1.18T₹582.36B₹1.18T₹1.06T
Net debt−₹447.16B−₹346.55B₹108.69B−₹154.58B₹92.16B−₹412.70B₹941.56B₹1.52T₹1.12T₹823.01B
Debt / equity0.610.650.781.050.940.891.761.741.971.72
Debt / assets0.080.080.090.110.100.090.170.170.180.19
Net debt / EBITDA−0.56−0.210.17−0.320.12−1.897.4822.5811.016.65
Current ratio0.140.190.1819.0423.670.2322.991.0925.9624.05
Quick ratio0.140.190.3431.8952.610.4149.263.3046.0242.69
Interest coverage0.90.80.80.91.80.50.30.10.30.3
Working capital−₹15.65T−₹13.63T−₹12.07T₹2.13T₹1.52T−₹7.43T₹1.23T₹49.10B₹1.22T₹1.09T
Invested capital₹3.18T₹2.79T₹2.67T₹1.73T₹1.76T₹1.16T₹2.15T₹2.73T₹2.28T₹1.92T
Tangible asset value₹3.69T₹3.20T₹2.68T₹1.88T₹1.67T₹1.67T−₹21.26B₹1.21T₹1.17T₹1.09T
Net current asset value−₹22.70T−₹20.04T−₹18.32T−₹13.40T−₹12.48T−₹11.79T−₹9.90T−₹10.60T−₹9.98T−₹7.63T
Capital allocation
Dividends paid₹78.53B₹71.24B₹55.99B₹13.85B₹13.85B₹8.86B₹11.69B₹11.56B₹17.32B₹33.12B
Share buybacks (net)—₹0₹0₹0₹0₹0₹0₹654.53B₹0₹0
Dividend payout ratio14.5%14.0%12.7%4.1%5.5%4.8%12.2%27.2%22.5%32.5%
Dividends + buybacks / free cash flow12.3%9.2%3.6%2.5%1.0%1.1%2.5%146.5%6.0%9.1%
Capex / revenue1.2%1.6%1.6%1.0%1.5%1.2%0.8%0.9%0.9%1.1%
Capex / operating cash flow5.5%5.9%2.3%3.2%1.2%2.4%2.4%2.4%3.5%3.4%
Capex / depreciation1.191.791.841.261.151.371.101.091.011.22
Stock-based compensation / revenue0.3%0.3%0.3%0.1%0.0%0.0%0.0%0.0%0.0%0.0%
SG&A / revenue34.3%9.8%15.7%16.3%14.8%17.5%18.1%17.9%16.6%15.7%
Efficiency
Days sales outstanding54.987.463.421.688.362.323.926.024.847.3
Days of inventory on hand——-936.6-1,124.2-1,148.2-905.8-718.7-641.0-626.2-555.6
Days payables outstanding16.215.816.217.015.517.320.021.623.923.7
Cash conversion cycle (days)38.671.7-889.3-1,119.6-1,075.3-860.8-714.7-636.6-625.3-532.1
Receivables turnover6.654.185.7616.874.135.8515.2614.0214.697.72
Payables turnover22.4823.1522.5721.4323.6021.0518.2916.9215.2615.37
Asset turnover0.110.120.110.110.070.110.120.110.110.12
Average receivables₹469.18B₹705.56B₹408.87B₹109.51B₹281.65B₹275.36B₹98.04B₹93.67B₹80.97B₹146.95B
Average payables₹42.10B₹40.57B₹33.25B₹26.18B₹24.83B₹30.74B₹36.65B₹36.27B₹35.45B₹35.05B
Average inventory——−₹1.93T−₹1.73T−₹1.84T−₹1.61T−₹1.32T−₹1.08T−₹928.42B−₹820.34B
Intangibles / total assets0.4%0.3%0.1%0.0%0.0%0.0%9.9%0.0%0.0%0.0%

Computed from IBN's annual financial statements (latest annual report filed July 20, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Indian rupees; data from EODHD. Averages use the opening and closing balance of each year.

IBN valuation and financial ratios

ICICI Bank earned a return on equity of 16.0% and a return on invested capital of 19.4% in fiscal 2026. It ended the year with ₹2.20 trillion of debt and ₹2.65 trillion in cash and short-term investments, a net cash position of ₹447.2 billion. It returned ₹78.5 billion to shareholders: ₹78.5 billion in dividends and ₹0 in share buybacks, 12% of free cash flow.

See the IBN income statement, the IBN chart for price history, or the IBN stock overview for the latest quote and news.

IBN key metrics FAQ

What is ICICI Bank's return on equity?

ICICI Bank's return on equity (ROE) was 16.0% in fiscal 2026: net income of ₹542.1 billion on average shareholders' equity of ₹3.38 trillion.

What is ICICI Bank's ROIC?

ICICI Bank's return on invested capital was 19.4% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.

How much debt does ICICI Bank have?

ICICI Bank had total debt of ₹2.20 trillion at the end of fiscal 2026, a debt-to-equity ratio of 0.61 and more cash than debt.

What is ICICI Bank's current ratio?

ICICI Bank's current ratio was 0.14 at the end of fiscal 2026: current assets were 0.14 times current liabilities.

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