Financials ICICI Bank Limited

Equities

ICICIBANK

INE090A01021

Banks

Market Closed - NSE India S.E. Other stock markets 07:44:00 2024-10-11 am EDT			5-day change	1st Jan Change
1,223.00 ^INR	-1.65%		-1.35%	+22.72%

Oct. 11	Asian Equities Traded in the US as American Depositary Receipts Rise in Friday Trading	MT
Oct. 11	Indian Equities Close Marginally Lower on Friday as Metal Names Offset Losses	MT

Projected Income Statement: ICICI Bank Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	497,157	579,580	659,836	819,600	972,635	1,106,149	1,270,408	1,459,652
Change	-	16.58%	13.85%	24.21%	18.67%	13.73%	14.85%	14.9%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	281,013	363,971	392,503	490,868	581,308	665,340	766,963	883,114
Change	-	29.52%	7.84%	25.06%	18.42%	14.46%	15.27%	15.14%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	140,480	201,827	306,089	424,212	544,878	603,381	681,187	768,730
Change	-	43.67%	51.66%	38.59%	28.44%	10.74%	12.9%	12.85%
Net income ¹	79,308	161,927	233,395	318,965	408,883	452,023	511,022	576,838
Change	-	104.17%	44.14%	36.66%	28.19%	10.55%	13.05%	12.88%
Announcement Date	5/9/20	4/24/21	4/23/22	4/22/23	4/27/24	-	-	-

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	111,629	122,516	131,193	131,819	154,224	133,944	145,987	145,425	149,316	164,869	172,231	173,420	178,752	198,417	214,886	227,545	236,617	240,846	247,756	247,416	265,548	266,373	276,072	284,897
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%	3.74%	3.64%	3.2%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	62,885	68,741	75,486	73,901	107,764	82,611	88,198	85,398	88,944	99,147	101,482	102,929	103,089	116,803	132,712	138,264	141,391	142,293	147,236	150,388	160,248	161,141	167,608	174,069
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%	4.8%	4.01%	3.85%
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	100,358	110,138	122,066	128,467	136,466	136,742	143,203	146,927	144,984	149,300	153,100
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%	3.54%	2.98%	2.55%
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	102,610	102,715	107,075	110,591	110,438	113,354	116,970
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%	4.17%	2.64%	3.19%
Announcement Date	7/27/19	10/26/19	1/25/20	5/9/20	7/25/20	10/31/20	1/30/21	4/24/21	7/24/21	10/23/21	1/22/22	4/23/22	7/23/22	10/22/22	1/21/23	4/22/23	7/22/23	10/21/23	1/20/24	4/27/24	7/27/24	-	-	-

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	5/9/20	4/24/21	4/23/22	4/22/23	4/27/24	-	-	-

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	7/4/19	7/18/20	7/23/21	7/29/22	7/28/23	7/31/24

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%	60.15%	60.37%	60.5%
EBT Margin (%)	-	28.26%	34.82%	46.39%	51.76%	56.02%	54.55%	53.62%	52.67%
Net margin (%)	-	15.95%	27.94%	35.37%	38.92%	42.04%	40.86%	40.23%	39.52%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.81%	1.39%	1.84%	2.16%	2.37%	2.26%	2.21%	2.14%
ROE	-	7.05%	12.27%	14.68%	17.18%	18.62%	17.65%	17.19%	16.67%
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	11.33	12.52	14.15
Change	-	-	-	150%	60%	25%	13.29%	10.56%	12.97%
Book Value Per Share ¹	-	177.5	213.3	245.4	287.4	339.4	391.3	450.3	522
Change	-	-	20.17%	15.06%	17.12%	18.11%	15.28%	15.08%	15.92%
EPS ¹	-	12.08	23.67	32.98	44.89	57.33	64.04	72.21	81.3
Change	-	-	95.94%	39.33%	36.11%	27.71%	11.71%	12.75%	12.59%
Nbr of stocks (in thousands)	-	6,472,765	6,915,882	6,948,449	6,982,496	7,021,020	7,047,531	7,047,531	7,047,531
Announcement Date	-	5/9/20	4/24/21	4/23/22	4/22/23	4/27/24	-	-	-