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Fundamentals for ICICI Bank Limited
Business Operations:
Sector: Financial ServicesIndustry: Banks - Regional
ICICI Bank Limited, together with its subsidiaries, engages in the provision of various banking and financial services to retail and corporate customers in India and internationally. The company operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. It accepts savings, salary, pension, current, trade, escrow, foreign currency, and vostro accounts, as well as time, fixed, recurring, and security deposits services. The company also provides home, car, two-wheeler, personal, gold, and commercial business loans, as well as loans against securities and other loans; business loans, including working capital finance, term loans, collateral free loans, loans without financials, finance for importers and exporters, and overdraft facilities, as well as loans for new entities and card swipes; and credit, debit, prepaid, travel, forex, and corporate cards. In addition, it offers pockets wallet; fixed income products; investment products, such as mutual funds, gold monetization schemes, initial public offerings, and other online investment services; and agri and rural business, farmer finance, tractor loans, and micro banking services. Further, the company provides portfolio management, trade, foreign exchange, locker, private and NRI banking, and cash management services; family wealth and demat accounts; commercial and investment banking, capital market, custodial, and institutional banking services; health, personal accident, fire, and motor insurance, as well as distributes general and life insurance products; and Internet, mobile, and phone banking services. Additionally, it offers securities investment, broking, trading, and underwriting services; and merchant banking, trusteeship, housing finance, pension fund management, asset management, investment advisory, points of presence, and private equity/venture capital fund management services. The company was founded in 1955 and is headquartered in Mumbai, India.
Revenue projections:
ICICIBANK is projected to see lower revenues than in the previous year, a trend that usually concerns investors. Declining revenues often harm a company's profitability, leading investors to exercise caution as they weigh the potential risks of continued financial downturns.
Financial Ratios:
| currentRatio | 0.000000 |
|---|---|
| forwardPE | 15.249469 |
| debtToEquity | 0.000000 |
| earningsGrowth | 0.084000 |
| revenueGrowth | 0.669000 |
| grossMargins | 0.000000 |
| operatingMargins | 0.332940 |
| trailingEps | 74.790000 |
| forwardEps | 90.953990 |
ICICIBANK's Forward PE is well-positioned, indicating the stock price is favorable compared to its earnings. This suggests the stock is not overpriced and offers room for growth, making it an attractive option for investors looking for future value appreciation.
ICICIBANK's forward EPS is greater than its trailing EPS, indicating that the company is expected to deliver higher profitability this year. This suggests that ICICIBANK is projected to improve its earnings, reflecting positive growth compared to last year's financial performance.
Price projections:
Price projections for ICICIBANK have consistently been revised upward, indicating positive sentiment toward the company. This gradual adjustment reflects growing confidence in ICICIBANK's future potential and financial outlook among analysts.
Recommendation changes over time:
The recent buy bias for ICICIBANK from analysts signals strong confidence in the stock's potential. This positive sentiment could encourage investors to see ICICIBANK as a smart place to invest their money, especially those looking for stable, long-term returns in a well-established company.
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