ICICI Bank Limited

ICICI Bank Limited (ICICIBANK) is a large-cap Financial Services company valued at ₹10.03 lakh crore operating in Private Sector Bank on the NSE and BSE.

Recent price move

ICICI Bank Limited last traded at ₹1,397, modestly up 0.55% on the day.

Recent developments

On 2026-10-17, the company reported strong Q2 results, with standalone profit rising 20.1% to ₹14,843 crore, driven by higher interest income and lending expansion. However, net interest margins came under pressure due to FCNR(B) inflows. The same day, it was noted that the net interest margin fell to 4.18% in the September quarter from 4.36% in the June quarter, indicating a margin squeeze in Q3.

Financial performance

The company's business is growing, with revenue rising 15.4% annually over the past five years and 7.0% over the past three years. In the latest quarter, revenue increased 16.2% compared to the same quarter a year earlier, while net profit rose 21.4%. The net profit margin remains stable at 29.7%, and return on equity is 14.3%, though return on capital employed is low at 5.7%.

Valuation multiples

The stock trades at 18.4 times earnings, broadly in line with the Financial Services median of 19.3, 2.66 times book value. It yields 0.9%.

Things to watch

The company's return on capital employed is low at 5.7%, suggesting inefficient use of capital. The net interest margin fell to 4.18% in the September quarter, indicating pressure on profitability. The stock is 5.6% below its 52-week high, reflecting a recent pullback from its peak.

Where it stands

The company has shown strong profit growth in the latest quarter, with net profit rising 21.4% year-over-year, but faces margin pressure from FCNR(B) costs. The stock is trading below its 52-week high, and return on capital employed remains low. The most significant figure is the 20.1% increase in standalone profit for Q2FY26-27.

Summarised by DocStoX's model on 2026-10-17 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.