By Helgi Analytics - November 3, 2019
ICICI Bank stock traded at INR 397 per share at the end 2018 implying a market capitalization of USD 36,992 mil. Since the end of 2013,...
By Helgi Analytics - November 3, 2019
ICICI Bank's non-performing loans reached 7.16% of total loans at the end of 2018, down from 9.09% compared to the previous year....
By Helgi Analytics - November 3, 2019
ICICI Bank's net interest margin amounted to 2.73% in 2018, up from 2.62% compared to the previous year. Historically, the...
Profit Statement | 2016 | 2017 | 2018 | |
Net Interest Income | INR bil | 256 | 276 | 323 |
Net Fee Income | INR bil | 96.3 | 113 | 126 |
Other Income | INR bil | 146 | 102 | 76.8 |
Total Revenues | INR bil | 499 | 491 | 526 |
Operating Profit | INR bil | 310 | 381 | 452 |
Provisions | INR bil | 157 | 148 | 176 |
Net Profit | INR bil | 102 | 77.1 | 42.5 |
Balance Sheet | 2016 | 2017 | 2018 | |
Interbank Loans | INR bil | 486 | 557 | 493 |
Customer Loans | INR bil | 5,153 | 5,669 | 6,470 |
Total Assets | INR bil | 9,857 | 11,243 | 12,388 |
Shareholders' Equity | INR bil | 1,095 | 1,166 | 1,208 |
Interbank Borrowing | INR bil | 233 | 254 | 325 |
Customer Deposits | INR bil | 4,975 | 5,677 | 6,574 |
Issued Debt Securities | INR bil | 1,883 | 2,294 | 2,103 |
Ratios | 2016 | 2017 | 2018 | |
ROE | % | 9.85 | 6.82 | 3.58 |
ROA | % | 1.07 | 0.731 | 0.360 |
Costs (As % Of Assets) | % | 1.99 | 1.04 | 0.627 |
Costs (As % Of Income) | % | 37.9 | 22.3 | 14.1 |
Capital Adequacy Ratio | % | 17.3 | 17.9 | 16.5 |
Net Interest Margin | % | 2.69 | 2.62 | 2.73 |
Loans (As % Of Deposits) | % | 104 | 99.9 | 98.4 |
NPLs (As % Of Loans) | % | 7.95 | 9.09 | 7.16 |
Provisions (As % Of NPLs) | % | 47.0 | 51.0 | 50.0 |
Valuation | 2016 | 2017 | 2018 | |
Price/Earnings (P/E) | 15.8 | 23.2 | 60.7 | |
Price/Book Value (P/BV) | 1.47 | 1.53 | 2.14 | |
Dividend Yield | % | 0.903 | 0.539 | 0.375 |
Earnings Per Share (EPS) | INR | 15.9 | 11.9 | 6.54 |
Book Value Per Share | INR | 170 | 180 | 186 |
Dividend Per Share | INR | 2.27 | 1.49 | 1.49 |
Get all company financials in excel:
summary | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
income statement | |||||||||||||||||||
Net Interest Income | INR bil | 163 | 196 | 224 | 250 | 256 | |||||||||||||
Total Revenues | INR bil | 284 | 333 | 383 | 438 | 499 | |||||||||||||
Operating Profit | INR bil | 148 | 172 | 200 | 295 | 310 | |||||||||||||
Net Profit | INR bil | 96.0 | 110 | 122 | 102 | 102 | |||||||||||||
balance sheet | |||||||||||||||||||
Interbank Loans | INR bil | 301 | 262 | 218 | 378 | 486 | |||||||||||||
Customer Loans | INR bil | 3,300 | 3,873 | 4,385 | 4,937 | 5,153 | |||||||||||||
Debt Securities | INR bil | 2,557 | 2,676 | 3,028 | 2,860 | 3,044 | |||||||||||||
Total Assets | INR bil | 6,748 | 7,478 | 8,261 | 9,188 | 9,857 | |||||||||||||
Shareholders' Equity | INR bil | 705 | 784 | 872 | 975 | 1,095 | |||||||||||||
Interbank Borrowing | INR bil | 181 | 180 | 173 | 184 | 233 | |||||||||||||
Customer Deposits | INR bil | 3,010 | 3,468 | 3,739 | 4,375 | 4,975 | |||||||||||||
Issued Debt Securities | INR bil | 1,729 | 1,835 | 2,113 | 2,204 | 1,883 | |||||||||||||
ratios | |||||||||||||||||||
ROE | % | 14.4 | 14.8 | 14.8 | 11.0 | 9.85 | |||||||||||||
ROA | % | 1.48 | 1.55 | 1.56 | 1.17 | 1.07 | |||||||||||||
Costs (As % Of Assets) | % | 2.10 | 2.27 | 2.33 | 1.64 | 1.99 | |||||||||||||
Costs (As % Of Income) | % | 47.9 | 48.5 | 47.8 | 32.6 | 37.9 | |||||||||||||
Capital Adequacy Ratio | % | ... | ... | 19.7 | 18.3 | 17.2 | 16.6 | 17.3 | |||||||||||
Net Interest Margin | % | 2.52 | 2.75 | 2.84 | 2.86 | 2.69 | |||||||||||||
Interest Income (As % Of Revenues) | % | 57.6 | 58.7 | 58.4 | 57.0 | 51.4 | |||||||||||||
Fee Income (As % Of Revenues) | % | 22.1 | 22.0 | 21.9 | 20.0 | 19.3 | |||||||||||||
Equity (As % Of Assets) | % | 10.4 | 10.5 | 10.6 | 10.6 | 11.1 | |||||||||||||
Loans (As % Of Deposits) | % | 110 | 112 | 117 | 113 | 104 | |||||||||||||
Loans (As % Assets) | % | 48.9 | 51.8 | 53.1 | 53.7 | 52.3 | |||||||||||||
NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | 2.84 | 1.93 | 3.82 | 5.75 | 7.95 | |||||||
Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | 89.4 | 120 | 71.1 | 54.8 | 47.0 | |||||||
valuation | |||||||||||||||||||
Market Capitalisation (End Of Period) | USD mil | 22,006 | 23,269 | 29,012 | 20,747 | 23,730 | |||||||||||||
Number Of Shares (Average) | mil | 6,366 | 6,374 | 6,426 | 6,424 | 6,427 | |||||||||||||
Share Price (End Of Period) | INR | 189 | 226 | 285 | 214 | 251 | |||||||||||||
Earnings Per Share (EPS) | INR | 15.1 | 17.3 | 19.1 | 15.8 | 15.9 | |||||||||||||
Book Value Per Share | INR | 111 | 123 | 136 | 152 | 170 | |||||||||||||
Dividend Per Share | INR | 3.62 | 4.17 | 4.51 | 4.53 | 2.27 | |||||||||||||
Price/Earnings (P/E) | 12.6 | 13.0 | 14.9 | 13.5 | 15.8 | ||||||||||||||
Price/Book Value (P/BV) | 1.71 | 1.83 | 2.10 | 1.41 | 1.47 | ||||||||||||||
Dividend Yield | % | 1.91 | 1.85 | 1.58 | 2.11 | 0.903 | |||||||||||||
Earnings Per Share Growth | % | ... | 25.5 | 14.8 | 10.0 | -16.9 | 0.037 | ||||||||||||
Book Value Per Share Growth | % | ... | 12.2 | 11.2 | 10.3 | 11.8 | 12.3 |
income statement | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
income statement | |||||||||||||||||||
Interest Income | INR bil | 446 | 493 | 547 | 590 | 605 | |||||||||||||
Interest Cost | INR bil | 283 | 297 | 323 | 340 | 348 | |||||||||||||
Net Interest Income | INR bil | 163 | 196 | 224 | 250 | 256 | |||||||||||||
Net Fee Income | INR bil | 62.8 | 73.2 | 83.9 | 87.7 | 96.3 | |||||||||||||
Other Income | INR bil | 57.6 | 64.2 | 75.5 | 101 | 146 | |||||||||||||
Total Revenues | INR bil | 284 | 333 | 383 | 438 | 499 | |||||||||||||
Operating Cost | INR bil | 136 | 161 | 183 | 143 | 189 | |||||||||||||
Operating Profit | INR bil | 148 | 172 | 200 | 295 | 310 | |||||||||||||
Provisions | INR bil | 15.5 | 24.8 | 36.3 | 77.2 | 157 | |||||||||||||
Extra and Other Cost | INR bil | -3.75 | -15.9 | -19.8 | 75.0 | 14.3 | |||||||||||||
Pre-Tax Profit | INR bil | 136 | 163 | 183 | 143 | 138 | |||||||||||||
Tax | INR bil | 34.8 | 46.0 | 53.9 | 33.8 | 24.7 | |||||||||||||
Minorities | INR bil | 5.26 | 6.36 | 6.95 | 7.47 | 11.5 | |||||||||||||
Net Profit | INR bil | 96.0 | 110 | 122 | 102 | 102 | |||||||||||||
Dividends | INR bil | 23.1 | 26.6 | 29.0 | 29.1 | 14.6 | |||||||||||||
growth rates | |||||||||||||||||||
Net Interest Income Growth | % | ... | 26.6 | 19.8 | 14.3 | 11.6 | 2.72 | ||||||||||||
Net Fee Income Growth | % | ... | -0.613 | 16.7 | 14.6 | 4.48 | 9.86 | ||||||||||||
Total Revenue Growth | % | ... | 20.1 | 17.5 | 15.0 | 14.3 | 14.0 | ||||||||||||
Operating Cost Growth | % | ... | 27.1 | 18.9 | 13.5 | -22.1 | 32.7 | ||||||||||||
Operating Profit Growth | % | ... | 14.4 | 16.1 | 16.4 | 47.7 | 4.95 | ||||||||||||
Pre-Tax Profit Growth | % | ... | 27.4 | 19.6 | 12.6 | -22.0 | -3.46 | ||||||||||||
Net Profit Growth | % | ... | 25.7 | 15.0 | 10.9 | -16.9 | 0.083 | ||||||||||||
market share | |||||||||||||||||||
Market Share in Revenues | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 12.0 | 12.4 | 12.6 | 13.0 | 12.4 | ... | ||
Market Share in Net Profit | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 16.2 | 20.5 | 22.5 | 24.7 | ... | ... | ... |
balance sheet | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
balance sheet | |||||||||||||||||||
Cash | INR bil | 193 | 221 | 258 | 273 | 319 | |||||||||||||
Interbank Loans | INR bil | 301 | 262 | 218 | 378 | 486 | |||||||||||||
Customer Loans | INR bil | 3,300 | 3,873 | 4,385 | 4,937 | 5,153 | |||||||||||||
Debt Securities | INR bil | 2,557 | 2,676 | 3,028 | 2,860 | 3,044 | |||||||||||||
Fixed Assets | INR bil | 59.5 | 59.8 | 63.8 | 92.6 | 98.9 | |||||||||||||
Total Assets | INR bil | 6,748 | 7,478 | 8,261 | 9,188 | 9,857 | |||||||||||||
Shareholders' Equity | INR bil | 705 | 784 | 872 | 975 | 1,095 | |||||||||||||
Of Which Minority Interest | INR bil | 17.1 | 20.1 | 25.1 | 33.6 | 48.7 | |||||||||||||
Liabilities | INR bil | 6,044 | 6,693 | 7,389 | 8,213 | 8,762 | |||||||||||||
Interbank Borrowing | INR bil | 181 | 180 | 173 | 184 | 233 | |||||||||||||
Customer Deposits | INR bil | 3,010 | 3,468 | 3,739 | 4,375 | 4,975 | |||||||||||||
Sight Deposits | INR bil | 360 | 419 | 467 | 564 | 715 | |||||||||||||
Term Deposits | INR bil | 2,650 | 3,049 | 3,272 | 3,811 | 4,260 | |||||||||||||
Issued Debt Securities | INR bil | 1,729 | 1,835 | 2,113 | 2,204 | 1,883 | |||||||||||||
Other Liabilities | INR bil | 1,124 | 1,211 | 1,364 | 1,450 | 1,670 | |||||||||||||
asset quality | |||||||||||||||||||
Non-Performing Loans | INR bil | ... | ... | ... | ... | ... | ... | 96.1 | 76.5 | 172 | 293 | 426 | |||||||
Gross Loans | INR bil | 3,386 | 3,965 | 4,508 | 5,098 | 5,353 | |||||||||||||
Total Provisions | INR bil | ... | ... | ... | ... | ... | 85.9 | 91.5 | 123 | 161 | 200 | ||||||||
growth rates | |||||||||||||||||||
Customer Loan Growth | % | ... | 13.0 | 17.4 | 13.2 | 12.6 | 4.37 | ||||||||||||
Total Asset Growth | % | ... | 8.97 | 10.8 | 10.5 | 11.2 | 7.29 | ||||||||||||
Shareholders' Equity Growth | % | ... | 12.4 | 11.3 | 11.2 | 11.8 | 12.3 | ||||||||||||
Customer Deposit Growth | % | ... | 11.4 | 15.2 | 7.84 | 17.0 | 13.7 | ||||||||||||
market share | |||||||||||||||||||
Market Share in Customer Loans | % | ... | ... | ... | 5.97 | 6.03 | 6.18 | 6.19 | 6.24 | ... | |||||||||
Market Share in Total Assets | % | 7.77 | 7.39 | 7.42 | 7.28 | 6.94 | ... | ||||||||||||
Market Share in Customer Deposits | % | 4.78 | 4.82 | 4.58 | 4.79 | 4.67 | ... |
ratios | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
ratios | |||||||||||||||||||
ROE | % | 14.4 | 14.8 | 14.8 | 11.0 | 9.85 | |||||||||||||
ROA | % | 1.48 | 1.55 | 1.56 | 1.17 | 1.07 | |||||||||||||
Costs (As % Of Assets) | % | 2.10 | 2.27 | 2.33 | 1.64 | 1.99 | |||||||||||||
Costs (As % Of Income) | % | 47.9 | 48.5 | 47.8 | 32.6 | 37.9 | |||||||||||||
Capital Adequacy Ratio | % | ... | ... | 19.7 | 18.3 | 17.2 | 16.6 | 17.3 | |||||||||||
Tier 1 Ratio | % | ... | ... | 12.9 | 13.1 | 12.9 | 13.1 | 14.4 | |||||||||||
Net Interest Margin | % | 2.52 | 2.75 | 2.84 | 2.86 | 2.69 | |||||||||||||
Interest Spread | % | ... | 2.02 | 2.26 | 2.36 | 2.40 | 2.25 | ||||||||||||
Asset Yield | % | 6.89 | 6.93 | 6.95 | 6.76 | 6.35 | |||||||||||||
Cost Of Liabilities | % | ... | 4.87 | 4.67 | 4.59 | 4.36 | 4.10 | ||||||||||||
Payout Ratio | % | 24.0 | 24.1 | 23.7 | 28.6 | 14.3 | |||||||||||||
Interest Income (As % Of Revenues) | % | 57.6 | 58.7 | 58.4 | 57.0 | 51.4 | |||||||||||||
Fee Income (As % Of Revenues) | % | 22.1 | 22.0 | 21.9 | 20.0 | 19.3 | |||||||||||||
Other Income (As % Of Revenues) | % | 20.3 | 19.3 | 19.7 | 23.0 | 29.3 | |||||||||||||
Equity (As % Of Assets) | % | 10.4 | 10.5 | 10.6 | 10.6 | 11.1 | |||||||||||||
Loans (As % Of Deposits) | % | 110 | 112 | 117 | 113 | 104 | |||||||||||||
Loans (As % Assets) | % | 48.9 | 51.8 | 53.1 | 53.7 | 52.3 | |||||||||||||
NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | 2.84 | 1.93 | 3.82 | 5.75 | 7.95 | |||||||
Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | 89.4 | 120 | 71.1 | 54.8 | 47.0 | |||||||
Provisions (As % Of Loans) | % | ... | ... | ... | ... | ... | 2.60 | 2.36 | 2.80 | 3.25 | 3.88 | ||||||||
Cost of Provisions (As % Of Loans) | % | 0.499 | 0.692 | 0.879 | 1.66 | 3.12 |
other data | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
other data | |||||||||||||||||||
Employees | ... | 62,065 | 72,226 | 67,857 | 72,175 | ... | ... | ... | |||||||||||
Sight (As % Of Customer Deposits) | % | 11.9 | 12.1 | 12.5 | 12.9 | 14.4 |
Get all company financials in excel:
By Helgi Analytics - November 3, 2019
ICICI Bank stock traded at INR 397 per share at the end of 2018 implying a market capitalization of USD 36,992 mil. Since the end of 2013, the stock has appreciated by 75.8 % implying an annual average growth of 11.9 %. In absolute terms, the value of the company ...
By Helgi Analytics - November 3, 2019
ICICI Bank generated total banking revenues of INR 526 bil in 2018, up 7.1% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of INR 526 bil in 2018 and an all tim...
By Helgi Analytics - November 3, 2019
ICICI Bank made a net profit of INR 42.5 bil under revenues of INR 526 bil in 2018, up -44.8% and 7.10% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of INR 122 bil in 2014 and an all time low of INR 2.59 bil...
By Helgi Analytics - November 3, 2019
ICICI Bank's capital adequacy ratio reached 16.5% at the end of 2018, down from 17.9% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 19.9% in 2010 and an all time low of 10.4% in 2003. The Tier 1 ratio amounted t...
By Helgi Analytics - November 3, 2019
ICICI Bank's customer loan growth reached 14.1% in 2018, up from 10.0% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 59.4% in 2005 and an all time low of -15.2% in 2009. In the last decade, the average an...
By Helgi Analytics - November 3, 2019
ICICI Bank's customer deposits reached INR 5,677 bil in 2017, up 14.1% compared to the previous year. Indian banking sector accepted customer deposits of INR 110,303 bil in 2017, up 3.61% when compared to the last year. ICICI Bank accounted for 5.15% of a...
By Helgi Analytics - November 3, 2019
ICICI Bank's customer loans reached INR 5,669 bil in 2017, up 10.0% compared to the previous year. Indian banking sector provided customer loans of INR 88,362 bil in 2017, up 7.04% when compared to the last year. ICICI Bank accounted for 6.42% of all cust...
By Helgi Analytics - November 3, 2019
ICICI Bank generated total banking revenues of INR 491 bil in 2017, down 1.62% compared to the previous year. Indian banking sector banking sector generated total revenues of INR 4,320,359 mil in 2017, up 7.41% when compared to the last year. As...
ICICI Bank has been growing its revenues and asset by 8.96% and 9.88% a year on average in the last 10 years. Its loans and deposits have grown by 9.29% and 10.4% a year during that time and loans to deposits ratio reached 98.4% at the end of 2018. The company achieved an average return on equity of 10.9% in the last decade with net profit growing 1.75% a year on average. In terms of operating efficiency, its cost to income ratio reached 14.1% in 2018, compared to 36.5% average in the last decade.
Equity represented 9.75% of total assets or -5,261% of loans at the end of 2018. ICICI Bank's non-performing loans were 7.16% of total loans while provisions covered some 50.0% of NPLs at the end of 2018.
ICICI Bank stock traded at INR 397 per share at the end of 2018 resulting in a market capitalization of USD 36,992 mil. Over the previous five years, stock price rose by 75.8% or 11.9% a year on average. That’s compared to an average ROE of 9.21% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 60.7x and price to book value (PBV) of 2.14x in 2018.