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ICICI Bank Limited ICICIBANK.NS

IN · National Stock Exchange of India · XNSE · stock · Financial Services · website

ICICI Bank Limited statistics & valuation

Market cap₹10.11T
P / E18.7×
P / S4.5×
P / B2.8×
P / FCF15.9×
Net margin24.3%
FCF margin28.5%
Net cash₹826.3B
Enterprise value USD$97.5B
Graham number -34.6%₹922.75

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹922.75); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
25.10% 27.50% 24.90% 24.30% 2023202420252026
Gross margin (%)
2023202420252026
Operating margin (%)
2023202420252026
Return on equity (%)
15.90% 17.30% 16.30% 14.90% 2023202420252026
Shares outstanding
7.17B 7.17B 7.17B 7.17B 2023202420252026
Net debt (₹)
₹199.42B ₹108.69B -₹346.55B -₹826.32B 2023202420252026
Share buybacks (₹)
2023202420252026
Return on assets (%)
1.70% 1.90% 1.90% 1.90% 2023202420252026
Free cash flow margin (%)
-4.60% 95.30% 57.70% 28.50% 2023202420252026
Debt / equity (×)
0.86× 0.78× 0.65× 0.57× 2023202420252026
EPS (₹)
₹47.84 ₹61.96 ₹71.14 ₹74.77 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ICICI Bank Limited trades at about 18.9× earnings — near its 10-year norm (10-year range 16.9×–20.1×, median 19.2×).

16.9× 20.1×

Shaded band = 10-year range (16.9×–20.1×); dot = today's 18.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Net margin24.3%24.9%27.5%25.1%
FCF margin28.5%57.7%95.3%-4.6%
Return on assets1.9%1.9%1.9%1.7%
Return on equity14.9%16.3%17.3%15.9%
Debt / equity0.50×0.58×0.72×0.81×

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.