Financials ICICI Bank Limited

Equities

ICICIBANK

INE090A01021

Banks

Delayed NSE India S.E. Other stock markets 02:22:09 05/12/2025 pm IST			5-day change	1st Jan Change
1,390.50 ^INR	+0.27%		+0.14%	+8.51%

04/12	Asian Equities Traded in the US as American Depositary Receipts Little Changed in Thursday Trading	MT
03/12	Asian Equities Traded in the US as American Depositary Receipts Decline in Wednesday Trading	MT

Projected Income Statement: ICICI Bank Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	5,79,580	6,59,836	8,19,600	9,72,635	10,96,711	12,11,824	13,82,909	15,86,933
Change	-	13.85%	24.21%	18.67%	12.76%	10.5%	14.12%	14.75%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	3,63,971	3,92,503	4,90,868	5,81,308	6,72,988	7,40,977	8,51,432	9,85,809
Change	-	7.84%	25.06%	18.42%	15.77%	10.1%	14.91%	15.78%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	2,01,827	3,06,089	4,24,212	5,44,878	6,26,162	6,81,302	7,73,508	8,86,402
Change	-	51.66%	38.59%	28.44%	14.92%	8.81%	13.53%	14.6%
Net income ¹	1,61,927	2,33,395	3,18,965	4,08,883	4,72,270	5,11,667	5,79,880	6,64,998
Change	-	44.14%	36.66%	28.19%	15.5%	8.34%	13.33%	14.68%
Announcement Date	24/04/21	23/04/22	22/04/23	27/04/24	19/04/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	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	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	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	2,72,246	2,74,387	2,84,530	3,01,394	2,88,462	2,99,761	3,09,739
Change	-	-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%	2.52%	0.79%	3.7%	5.93%	-4.29%	3.92%	3.33%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	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	1,67,232	1,68,866	1,76,642	1,87,458	1,76,131	1,80,761	1,88,956
Change	-	-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%	4.36%	0.98%	4.61%	6.12%	-6.04%	2.63%	4.53%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	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	1,54,901	1,56,599	1,67,736	1,69,313	1,58,931	1,70,500	1,83,900
Change	-	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%	5.43%	1.1%	7.11%	0.94%	-6.13%	7.28%	7.86%
Net income ¹	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	1,17,459	1,17,924	1,26,296	1,27,682	1,20,589	1,24,730	1,32,307
Change	-	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%	6.21%	0.4%	7.1%	1.1%	-5.55%	3.43%	6.07%
Announcement Date	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	26/10/24	25/01/25	19/04/25	19/07/25	-	-	-

¹INR in Million

Estimates

Forecast Balance Sheet: ICICI Bank Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	24/04/21	23/04/22	22/04/23	27/04/24	19/04/25	-	-	-

Estimates

Cash Flow Forecast: ICICI Bank Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025
CAPEX ¹	18,735	16,882	18,600	24,677	36,785	47,700
Change	-	-9.89%	10.17%	32.67%	49.07%	29.67%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	18/07/20	23/07/21	29/07/22	28/07/23	31/07/24	25/07/25

¹INR in Million

Estimates

Forecast Financial Ratios: ICICI Bank Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	62.8%	59.48%	59.89%	59.77%	61.36%	61.15%	61.57%	62.12%
EBT Margin (%)	-	34.82%	46.39%	51.76%	56.02%	57.09%	56.22%	55.93%	55.86%
Net margin (%)	-	27.94%	35.37%	38.92%	42.04%	43.06%	42.22%	41.93%	41.9%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	1.39%	1.84%	2.16%	2.37%	2.41%	2.3%	2.31%	2.34%
ROE	-	12.27%	14.68%	17.18%	18.62%	17.9%	16.44%	16.16%	16.18%
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	12.46	13.96	15.87
Change	-	-	150%	60%	25%	10%	13.26%	12.06%	13.64%
Book Value Per Share ¹	-	213.3	245.4	287.4	339.4	410.1	467.7	535.2	614.5
Change	-	-	15.06%	17.12%	18.11%	20.82%	14.04%	14.45%	14.8%
EPS ¹	-	23.67	32.98	44.89	57.33	65.89	71.83	81.14	93.13
Change	-	-	39.33%	36.11%	27.71%	14.93%	9.01%	12.97%	14.77%
Nbr of stocks (in thousands)	-	69,15,882	69,48,449	69,82,496	70,21,020	71,22,952	71,48,599	71,48,599	71,48,599
Announcement Date	-	24/04/21	23/04/22	22/04/23	27/04/24	19/04/25	-	-	-