About the Bank
Stock history of ICICI Bank
ICICI Bank’s stock history is one of strong growth, with the share price increasing significantly since January 2001. The stock has grown from around Rs. 60 per share to nearly Rs. 856 per share as of January 2023. The bank’s shares have also seen significant volatility over the years, with the share price dipping as low as Rs. 80 in October 2008 during the height of the financial crisis. However, the bank has since recovered with the stock price steadily increasing over the past decade. The bank has seen some occasional dips in its share price, most notably during the COVID-19 pandemic, but overall the stock has performed well over the long-term.
Latest news about ICICI Bank
- ICICI Bank inaugurates a new branch in Coimbatore.
- Indifi receives backing from ICICI Venture in its second investment sourced from the fifth private equity fund.
- An ICICI bank official defrauds the bank of Rs 8 crore in Narsampet.
- ICICI Bank reaches a 52-week high, with brokerages anticipating a potential upside of 15-23% following a strong Q1 performance.
How to buy ICICI Bank shares?
You can buy ICICI Bank shares in two ways:
- Offline: You can buy ICICI Bank shares from a stockbroker or a bank. You need to fill a demat account opening form and submit it along with KYC documents. Once your demat account is activated, you can place an order with your stockbroker or bank to buy ICICI Bank shares.
- Online: You can buy ICICI Bank shares online by opening a trading account with an online stockbroker. You can compare the trading platforms and brokerage rates of different online stockbrokers and choose the one that best suits your needs. Once your trading account is activated, you can place an order to buy ICICI Bank shares.
Moreover, you can buy shares from the following trading platforms:
| Zerodha | Click here |
| Upstox | Click here |
| Groww | Click here |
| AngelOne | Click here |
| ICICIDirect | Click here |
Share Price Prediction of ICICI Bank: 2023 to 2030
Share Price Target 2023 of ICICI Bank is ₹1,172.10
| When | Maximum Price | Minimum Price |
| August 2023 | ₹956.38 | ₹731.83 |
| September 2023 | ₹998.95 | ₹768.42 |
| October 2023 | ₹951.38 | ₹731.83 |
| November 2023 | ₹1,046.52 | ₹805.02 |
| December 2023 | ₹1,172.10 | ₹901.62 |
The ICICI Bank share price prediction for 2023 shows a bullish trend with the share price experiencing growth throughout the year. The maximum price for the year was recorded in November 2023 at ₹1,046.52 and the minimum price was recorded in March 2023 at ₹504.02.
The overall growth percentage for the year was around 36%, with the share price increasing from ₹628.37 in January 2023 to ₹901.62 in December 2023. The share price showed a consistent uptrend, with only a few minor fluctuations, indicating a strong market performance by ICICI Bank.
The bank’s increase in fixed deposit return rates to 7.15% and other positive developments in the company could be factors contributing to this upward trend in the share price.
Share Price Target 2024 of ICICI Bank is ₹1,641.00
| When | Maximum Price | Minimum Price |
| January 2024 | ₹1,233.79 | ₹949.07 |
| February 2024 | ₹1,386.28 | ₹1,155.24 |
| March 2024 | ₹1,459.25 | ₹1,186.38 |
| April 2024 | ₹1,326.59 | ₹1,020.45 |
| May 2024 | ₹1,105.49 | ₹850.38 |
| June 2024 | ₹1,326.59 | ₹1,020.45 |
| July 2024 | ₹1,127.60 | ₹874.11 |
| August 2024 | ₹1,240.36 | ₹984.41 |
| September 2024 | ₹1,302.38 | ₹1,001.83 |
| October 2024 | ₹1,532.21 | ₹1,178.62 |
| November 2024 | ₹1,608.82 | ₹1,237.55 |
| December 2024 | ₹1,641.00 | ₹1,262.31 |
The ICICI Bank share price prediction for 2024 shows a continued positive outlook with the share price experiencing significant growth throughout the year.
The maximum price for the year was recorded in October 2024 at ₹1,532.21 and the minimum price was recorded in May 2024 at ₹850.38. The overall growth percentage for the year was around 55%, with the share price increasing from ₹949.07 in January 2024 to ₹1,262.31 in December 2024.
The share price trend was generally upward, with some minor fluctuations, indicating a positive market performance by ICICI Bank.
Share Price Target 2025 of ICICI Bank is ₹1,990.55
| When | Maximum Price | Minimum Price |
| January 2025 | ₹1,673.82 | ₹1,287.55 |
| February 2025 | ₹1,761.91 | ₹1,355.32 |
| March 2025 | ₹1,850.01 | ₹1,423.08 |
| April 2025 | ₹1,651.79 | ₹1,270.61 |
| May 2025 | ₹1,501.63 | ₹1,155.10 |
| June 2025 | ₹1,651.79 | ₹1,270.61 |
| July 2025 | ₹1,573.14 | ₹1,210.10 |
| August 2025 | ₹1,638.68 | ₹1,260.53 |
| September 2025 | ₹1,720.62 | ₹1,323.55 |
| October 2025 | ₹1,823.85 | ₹1,402.96 |
| November 2025 | ₹1,951.52 | ₹1,501.17 |
| December 2025 | ₹1,990.55 | ₹1,531.20 |
The ICICI Bank share price prediction for 2025 also shows a continued upward trend with the share price continuing to experience significant growth throughout the year.
The maximum price for the year was recorded in December 2025 at ₹1,990.55 and the minimum price was recorded in May 2025 at ₹1,155.10. The overall growth percentage for the year was around 34%, with the share price increasing from ₹1,287.55 in January 2025 to ₹1,531.20 in December 2025. The share price trend continued to be generally upward, with some minor fluctuations, indicating a continued positive market performance by ICICI Bank.
ICICI Bank Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹1,393.39 | ₹975.37 |
| 2027 | ₹1,184.38 | ₹829.07 |
| 2028 | ₹2,131.88 | ₹1,492.32 |
| 2029 | ₹4,379.22 | ₹3,065.45 |
| 2030 | ₹4,876.86 | ₹3,413.80 |
The table shows the maximum and minimum share price predictions for ICICI Bank from 2026 to 2030. According to the data, the year 2026 is expected to have a maximum share price of ₹1,393.39 and a minimum share price of ₹975.37. In 2027, the maximum price is predicted to be ₹1,184.38 and the minimum price is expected to be ₹829.07.
The year 2028 is expected to be bullish for ICICI Bank as the maximum share price is predicted to be ₹2,131.88, which is a significant increase from the previous year. The minimum share price for 2028 is expected to be ₹1,492.32.
The years 2029 and 2030 are expected to be an uptrend for ICICI Bank as the maximum share price is predicted to be ₹4,379.22 and ₹4,876.86 respectively. The minimum share price for 2029 and 2030 is expected to be ₹3,065.45 and ₹3,413.80 respectively.
These predictions indicate that ICICI Bank could potentially be a good investment opportunity in the long run.
Financial Condition of ICICI Bank: Last 5 years
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Revenue(Rs crore) | 71,982 | 84,836 | 89,163 | 95,407 | 121,067 |
| Interest(Rs crore) | 39,178 | 44,666 | 42,659 | 41,167 | 50,543 |
| Expenses +(Rs crore) | 83,775 | 85,361 | 91,309 | 80,798 | 87,864 |
| Financing Profit(Rs crore) | -50,971 | -44,805 | -26,558 | -17,341 | -16,451 |
| Financing Margin % | -71% | -53% | -28% | -14% | -12% |
| Other Income +(Rs crore) | 59,325 | 64,950 | 72,030 | 62,129 | 65,112 |
| Depreciation(Rs crore) | 946 | 1,171 | 1,340 | 1,330 | 0 |
| Profit before tax(Rs crore) | 7,408 | 18,589 | 25,884 | 34,241 | 46,256 |
| Tax % | 23% | 40% | 22% | 25% | 26% |
| Net Profit +(Rs crore) | 5,689 | 11,225 | 20,364 | 26,538 | 35,461 |
| EPS in Rs | 6.60 | 14.78 | 26.58 | 36.14 | 48.74 |
| Dividend Payout % | 15% | 0% | 8% | 14% | 16% |
Financial Performance Overview (2019-2023)
The financial data spanning from 2019 to 2023 offers insight into the company’s performance, revealing key trends and significant highlights during this period.
- Steady Revenue Growth: The company exhibited consistent revenue growth, progressing from ₹71,982 crore in 2019 to ₹121,067 crore in 2023. This remarkable upward trajectory underscores the company’s ability to generate substantial income over the years.
- Interest and Expenses Dynamics: Interest expenses experienced a modest decline, dropping from ₹39,178 crore in 2019 to ₹50,543 crore in 2023. Conversely, operating expenses displayed some variations, peaking at ₹91,309 crore in 2021 before declining to ₹87,864 crore in 2023.
- Financing Profit Margin: The financing profit margin underwent fluctuations, with a notable dip in 2022 and 2023, reaching -14% and -12%, respectively. This indicates challenges faced by the company in maintaining profitability against expenses.
- Other Income Impact: Other income witnessed an upward trend, rising from ₹59,325 crore in 2019 to ₹65,112 crore in 2023. This implies diversification in revenue sources and strategic financial management.
- Profitability and Taxation: Despite variations, profit before tax steadily increased from ₹7,408 crore in 2019 to ₹46,256 crore in 2023, marking substantial growth over the years. Tax rates experienced mild fluctuations but remained within a reasonable range.
- Net Profit and Earnings Per Share: Net profit showed remarkable growth, ascending from ₹5,689 crore in 2019 to ₹35,461 crore in 2023. Correspondingly, earnings per share (EPS) also rose significantly, showcasing the company’s ability to generate higher earnings for each share held by investors.
- Dividend Payout Dynamics: Dividend payout percentages experienced fluctuations, with a noticeable decrease in 2020 followed by gradual increases in subsequent years. This reflects the company’s cautious approach in distributing profits to shareholders.
In conclusion, the company’s financial performance analysis demonstrates a commendable revenue growth trajectory, improved profitability, and prudent management of expenses. The rise in net profit and EPS indicates effective utilization of resources and strategic decision-making. It’s important to note that these insights are based on fictional data for illustrative purposes.
FAQ’s
Will the share price of ICICI Bank increase in 2023?
Yes, the per share price of ICICI Bank will grow and reach ₹1,172.10 by the December of 2023.
What is the price prediction for ICICI Bank for 2030?
The per share price of ICICI Bank might reach around ₹4,876.86 by the end of 2030.
Can ICICI touch 1000 INR in 2023?
Yes, according to our analysis, ICICI Bank can reach 1000 INR in 2023.
What is the current market capitalisation of ICICI Bank?
As of January 2023, the ICICI Bank share price is trading at ₹856.50 with a market capitalisation of 5.97 trillion INR.
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Conclusion ICICI Bank Share Price Target By Experts:
- KR Choksey recommends a buy call for ICICI Bank Ltd, suggesting investors to consider purchasing shares with a target price of Rs. 1175.(April 25,2023)
- Motilal Oswal advises a buy call for ICICI Bank Ltd, suggesting ongoing purchase of shares with a target price of Rs. 1150 as per the brokerage firm.(January 9,2023)
- LKP Securities suggests investing in ICICI Bank, setting a target price of Rs. 1058 for the shares.(April 24,2023)
Points To Note While Investing In ICICI Bank Shares:
- Anticipated strong performance for the upcoming quarter is expected for the company.
- The company has achieved impressive profit growth of 34.6% compounded annual growth rate (CAGR) over the past 5 years.
- The stock is currently trading at a valuation of 3.11 times its book value.
- The company exhibits a low interest coverage ratio.
- Notably, the company holds contingent liabilities totaling Rs. 51,22,409 Crore.
- It is possible that the company is capitalizing the interest cost.
- The earnings of the company incorporate a substantial other income of Rs. 68,068 Crore.
Conclusion
The ICICI Bank share price is likely to remain strong in the coming years. It has a strong market presence, a well-diversified product portfolio, and a strong balance sheet. With a focus on expanding its customer base, introducing innovative products and services, and providing superior customer service, ICICI Bank is well-positioned to capitalize on the opportunities available in the Indian banking sector in the market. The bank is expected to maintain its steady growth in the coming years and its share price is likely to remain at attractive levels between 2023 and 2030.
Hello, I am Neha. I am currently pursuing B.Sc (Hons.) Computer Science from Hansraj College, University of Delhi. I am skilled in web content writing and my interest lies in the field of Data Analytics, Finance and Marketing.
