Financials ICICI Bank Limited

Equities

ICICIBANK

INE090A01021

Banks

Delayed NSE India S.E. Other stock markets 03:16:42 14/01/2025 pm IST			5-day change	1st Jan Change
1,240.90 ^INR	+0.91%		-2.97%	-3.15%

10/01	Asian Equities Traded in the US as American Depositary Receipts Fall in Friday Trading	MT
08/01	Asian Equities Traded in the US as American Depositary Receipts Decline in Wednesday Trading	MT

Projected Income Statement: ICICI Bank Limited

income-statement-evolution-chart ICICI-BANK-LIMITED

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	4,97,157	5,79,580	6,59,836	8,19,600	9,72,635	11,03,225	12,55,005	14,33,970
Change	-	16.58%	13.85%	24.21%	18.67%	13.43%	13.76%	14.26%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	2,81,013	3,63,971	3,92,503	4,90,868	5,81,308	6,67,272	7,60,064	8,76,245
Change	-	29.52%	7.84%	25.06%	18.42%	14.79%	13.91%	15.29%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	1,40,480	2,01,827	3,06,089	4,24,212	5,44,878	6,05,563	6,73,577	7,62,193
Change	-	43.67%	51.66%	38.59%	28.44%	11.14%	11.23%	13.16%
Net income ¹	79,308	1,61,927	2,33,395	3,18,965	4,08,883	4,56,048	5,07,099	5,75,329
Change	-	104.17%	44.14%	36.66%	28.19%	11.54%	11.19%	13.46%
Announcement Date	09/05/20	24/04/21	23/04/22	22/04/23	27/04/24	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	1,11,629	1,22,516	1,31,193	1,31,819	1,54,224	1,33,944	1,45,987	1,45,425	1,49,316	1,64,869	1,72,231	1,73,420	1,78,752	1,98,417	2,14,886	2,27,545	2,36,617	2,40,846	2,47,756	2,47,416	2,65,548	2,66,373	2,74,955	2,83,267
Change	-	9.75%	7.08%	0.48%	17%	-13.15%	8.99%	-0.39%	2.68%	10.42%	4.47%	0.69%	3.07%	11%	8.3%	5.89%	3.99%	1.79%	2.87%	-0.14%	7.33%	0.31%	3.22%	3.02%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	62,885	68,741	75,486	73,901	1,07,764	82,611	88,198	85,398	88,944	99,147	1,01,482	1,02,929	1,03,089	1,16,803	1,32,712	1,38,264	1,41,391	1,42,293	1,47,236	1,50,388	1,60,248	1,61,141	1,67,976	1,74,720
Change	-	9.31%	9.81%	-2.1%	45.82%	-23.34%	6.76%	-3.17%	4.15%	11.47%	2.36%	1.43%	0.15%	13.3%	13.62%	4.18%	2.26%	0.64%	3.47%	2.14%	6.56%	0.56%	4.24%	4.02%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	27,927	43,672	54,654	14,226	31,825	52,658	60,780	56,564	60,427	77,012	81,410	92,240	91,651	1,00,358	1,10,138	1,22,066	1,28,467	1,36,466	1,36,742	1,43,203	1,46,927	1,44,984	1,51,912	1,59,200
Change	-	56.38%	25.15%	-73.97%	123.7%	65.46%	15.42%	-6.94%	6.83%	27.45%	5.71%	13.3%	-0.64%	9.5%	9.74%	10.83%	5.24%	6.23%	0.2%	4.72%	2.6%	-1.32%	4.78%	4.8%
Net income ¹	19,080	6,550	41,465	12,214	25,992	42,513	49,396	44,026	46,160	55,110	61,938	70,187	69,049	75,578	83,118	91,219	96,482	1,02,610	1,02,715	1,07,075	1,10,591	1,10,438	1,15,038	1,18,052
Change	-	-65.67%	533.09%	-70.54%	112.81%	63.57%	16.19%	-10.87%	4.85%	19.39%	12.39%	13.32%	-1.62%	9.46%	9.98%	9.75%	5.77%	6.35%	0.1%	4.24%	3.28%	-0.14%	4.17%	2.62%
Announcement Date	27/07/19	26/10/19	25/01/20	09/05/20	25/07/20	31/10/20	30/01/21	24/04/21	24/07/21	23/10/21	22/01/22	23/04/22	23/07/22	22/10/22	21/01/23	22/04/23	22/07/23	21/10/23	20/01/24	27/04/24	27/07/24	-	-	-

¹INR in Million

Estimates

Forecast Balance Sheet: ICICI Bank Limited

balance-sheet-analysis-chart ICICI-BANK-LIMITED

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	09/05/20	24/04/21	23/04/22	22/04/23	27/04/24	-	-	-

Estimates

Cash Flow Forecast: ICICI Bank Limited

Fiscal Period: March	2019	2020	2021	2022	2023	2024
CAPEX ¹	11,481	18,735	16,882	18,600	24,677	36,785
Change	-	63.17%	-9.89%	10.17%	32.67%	49.07%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	04/07/19	18/07/20	23/07/21	29/07/22	28/07/23	31/07/24

¹INR in Million

Estimates

Forecast Financial Ratios: ICICI Bank Limited

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	56.52%	62.8%	59.48%	59.89%	59.77%	60.48%	60.56%	61.11%
EBT Margin (%)	-	28.26%	34.82%	46.39%	51.76%	56.02%	54.89%	53.67%	53.15%
Net margin (%)	-	15.95%	27.94%	35.37%	38.92%	42.04%	41.34%	40.41%	40.12%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.81%	1.39%	1.84%	2.16%	2.37%	2.29%	2.23%	2.16%
ROE	-	7.05%	12.27%	14.68%	17.18%	18.62%	17.84%	17.11%	16.73%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	2	5	8	10	11.34	12.57	13.82
Change	-	-	-	150%	60%	25%	13.38%	10.86%	9.96%
Book Value Per Share ¹	-	177.5	213.3	245.4	287.4	339.4	393.9	454.4	521.2
Change	-	-	20.17%	15.06%	17.12%	18.11%	16.04%	15.36%	14.72%
EPS ¹	-	12.08	23.67	32.98	44.89	57.33	64.79	71.74	81.53
Change	-	-	95.94%	39.33%	36.11%	27.71%	13.01%	10.73%	13.64%
Nbr of stocks (in thousands)	-	64,72,765	69,15,882	69,48,449	69,82,496	70,21,020	70,61,057	70,61,057	70,61,057
Announcement Date	-	09/05/20	24/04/21	23/04/22	22/04/23	27/04/24	-	-	-