It can be challenging to forecast which stocks will perform well and which ones will struggle in the constantly shifting world of finance. But the statistics about ICICI Bank speak for themselves. Investors are beginning to take notice of this Indian banking powerhouse due to its outstanding growth in sales and net profit over the previous five years. This article will examine whether ICICI BANK is a solid stock to purchase by looking more closely at its share price goal from 2023 to 2030. Read on to learn more if you’re considering making an investment in one of India’s biggest banks.
Latest news about ICICI Bank Ltd
➤ICICI Bank’s Q3 net profit increased by 29.2% year over year to Rs. 8,002.8 cr.
Below are the trading platforms that you can use to purchase ICICI Bank Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| March 2023 | ₹886.35 | ₹681.81 |
| April 2023 | ₹974.99 | ₹749.99 |
| May 2023 | ₹812.49 | ₹624.99 |
| June 2023 | ₹974.99 | ₹749.99 |
| July 2023 | ₹1,169.98 | ₹899.99 |
| August 2023 | ₹1,286.98 | ₹989.98 |
| September 2023 | ₹1,351.33 | ₹1,039.48 |
| October 2023 | ₹1,286.98 | ₹989.98 |
| November 2023 | ₹1,415.68 | ₹1,088.98 |
| December 2023 | ₹1,585.56 | ₹1,219.66 |
The table provides a prediction of ICICI BANK’s share price for the year 2023. The maximum and minimum prices for each month are mentioned, indicating the potential range of fluctuation in the stock’s value. The growth percentage is also evident from the fluctuations in the share price over the months. The maximum price for ICICI BANK’s shares is observed in December 2023 at ₹1,585.56, while the minimum price is seen in March 2023 at ₹681.81. The stock price shows an overall uptrend, with fluctuations in between. The bullish nature of the market is evident from the continuous rise in share prices over time. Overall, the ICICI BANK share price prediction for 2023 suggests that it could be a profitable investment option, given the potential for growth in the market.
| When | Maximum Price | Minimum Price |
| January 2024 | ₹1,669.01 | ₹1,283.85 |
| February 2024 | ₹1,875.29 | ₹1,562.74 |
| March 2024 | ₹1,973.99 | ₹1,604.87 |
| April 2024 | ₹1,794.54 | ₹1,380.41 |
| May 2024 | ₹1,495.45 | ₹1,150.34 |
| June 2024 | ₹1,794.54 | ₹1,380.41 |
| July 2024 | ₹1,525.36 | ₹1,182.45 |
| August 2024 | ₹1,677.89 | ₹1,331.66 |
| September 2024 | ₹1,761.79 | ₹1,355.22 |
| October 2024 | ₹2,072.69 | ₹1,594.38 |
| November 2024 | ₹2,176.33 | ₹1,674.10 |
| December 2024 | ₹2,219.85 | ₹1,707.58 |
The table represents ICICI BANK’s share price prediction for the year 2024. The data suggests that the share price could experience significant fluctuations over the year, with the maximum price target of ₹2,219.85 and the minimum price target of ₹1,150.34. The return on investment could be significant for investors who make well-timed purchases and sales of ICICI BANK’s shares. Overall, the data suggests that ICICI BANK’s shares could be a potentially profitable investment option for 2024, provided investors keep a close eye on market trends and make informed decisions.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹2,264.25 | ₹1,741.73 |
| February 2025 | ₹2,383.42 | ₹1,833.40 |
| March 2025 | ₹2,502.59 | ₹1,925.07 |
| April 2025 | ₹2,234.46 | ₹1,718.81 |
| May 2025 | ₹2,031.32 | ₹1,562.56 |
| June 2025 | ₹2,234.46 | ₹1,718.81 |
| July 2025 | ₹2,128.05 | ₹1,636.96 |
| August 2025 | ₹2,216.72 | ₹1,705.17 |
| September 2025 | ₹2,327.56 | ₹1,790.43 |
| October 2025 | ₹2,467.21 | ₹1,897.86 |
| November 2025 | ₹2,639.92 | ₹2,030.71 |
| December 2025 | ₹2,692.72 | ₹2,071.32 |
Based on the data presented in the table, ICICI BANK’s share price target for the year 2025 could experience significant upside potential. The average target for the year is ₹2,316.17, with a maximum price target of ₹2,692.72 and a minimum price target of ₹1,562.56. This indicates that the share price could potentially grow by a significant percentage over the year, offering investors potentially attractive returns on their investments. Based on the data, investors may consider a buy recommendation for ICICI BANK’s shares in 2025, provided they make informed investment decisions and closely monitor market trends.
| Year | Maximum Price | Minimum Price |
| 2023 | ₹1,585.56 | ₹624.99 |
| 2024 | ₹2,219.85 | ₹1,283.85 |
| 2025 | ₹2,692.72 | ₹1,718.81 |
| 2026 | ₹1,884.90 | ₹1,319.43 |
| 2027 | ₹1,602.17 | ₹1,121.52 |
| 2028 | ₹2,883.90 | ₹2,018.73 |
| 2029 | ₹5,923.98 | ₹4,146.78 |
| 2030 | ₹6,597.15 | ₹4,618.01 |
According to the provided data, ICICI BANK’s share price is expected to show some volatility in the coming years. In 2026, the share price is predicted to range between ₹1,884.90 and ₹1,319.43. However, in 2028, the price is expected to surge to a maximum of ₹2,883.90 and a minimum of ₹2,018.73. The following year, 2029, the share price is predicted to reach an average target of ₹5,923.98, with a minimum of ₹4,146.78. Finally, in 2030, the maximum share price target is predicted to be ₹6,597.15 and the minimum target is ₹4,618.01. These predictions suggest that ICICI BANK’s share price may experience an uptrend over the next few years, making it a potentially good investment opportunity for those seeking an upside in their returns. However, it is important to consider that such projections are subject to change and should not be taken as a guarantee of future performance. Therefore, investors should conduct thorough research and seek professional advice before making any investment decisions.
Financial Condition of ICICI Bank Ltd: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 |
| Sales | 62,162.35 | 71,981.65 | 84,835.77 | 89,162.66 | 95,406.87 |
| Expenses | 72,806.44 | 83,774.86 | 85,360.75 | 91,308.98 | 80,798.37 |
| Operating Profit | -10,644.09 | -11,793.21 | -524.98 | -2,146.32 | 14,608.50 |
| Other Income | 56,806.75 | 59,324.85 | 64,950.33 | 72,029.53 | 62,129.45 |
| Depreciation | 922.14 | 945.84 | 1,171.22 | 1,340.07 | 1,330.01 |
| Interest | 34,262.05 | 39,177.54 | 44,665.52 | 42,659.09 | 41,166.67 |
| Profit before tax | 10,978.47 | 7,408.26 | 18,588.61 | 25,884.05 | 34,241.27 |
| Tax | 1,878.92 | 1,719.10 | 7,363.14 | 5,664.37 | 8,457.44 |
| Net profit | 7,712.19 | 4,254.24 | 9,566.31 | 18,384.32 | 25,110.10 |
| EPS | 12 | 6.6 | 14.78 | 26.58 | 36.14 |
| Price to earning | 23.2 | 60.69 | 21.91 | 21.9 | 20.21 |
| Price | 278.35 | 400.5 | 323.75 | 582.1 | 730.3 |
| RATIOS: | |||||
| Dividend Payout | 12.50% | 15.15% | 0.00% | 7.52% | 13.84% |
| OPM | 0.00% | 0.00% | 0.00% | 0.00% | 15.31% |
Over the past five years, ICICI Bank has shown significant growth in terms of revenue and profitability. The company’s revenue has steadily increased from INR 62,162.35 crore in March 2018 to INR 95,406.87 crore in March 2022, showing a percentage growth of 53.39%. The net profit has also shown an upward trend, growing from INR 7,712.19 crore in March 2018 to INR 25,110.10 crore in March 2022, indicating a growth of 225.73%. However, there were fluctuations in the company’s profit and loss statements, with operating profits being negative in March 2018 and March 2019. ICICI Bank’s earnings per share (EPS) have also increased over the years, from INR 12 in March 2018 to INR 36.14 in March 2022. The price to earnings (P/E) ratio has been in the range of 20-60.69 in the last five years. The company’s minimum and maximum share price during the same period were INR 278.35 and INR 730.30, respectively. ICICI Bank’s dividend payout ratio was moderate, with the highest being 15.15% in March 2019. The company has shown a significant improvement in its OPM (operating profit margin) from 0% to 15.31% in March 2022. Overall, ICICI Bank’s financial statements indicate a healthy revenue and profit growth trajectory, although there were some fluctuations in the company’s operating profits in the past five years.
KR Choksey on ICICI Bank Ltd share price target
KR Choksey has given a buy call on ICICI Bank Ltd. According to him, you can continue buying ICICI Bank Ltd share with a target price of Rs1175.
Motilal Oswal on ICICI Bank Ltd share price target
Motilal Oswal has given a buy call on ICICI Bank Ltd. According to him, you can continue buying ICICI Bank Ltd share with a target price of Rs1150.
FAQS
As of April 2023, the current share price of ICICI Bank is ₹1,925.50.
ICICI Bank’s share price has grown at a compound annual growth rate (CAGR) of approximately 18.5% over the past five years.
What is the company’s financial performance over the past five years?
ICICI Bank has shown consistent revenue and profit growth over the past five years, with a revenue growth rate of approximately 9.1% and a profit growth rate of approximately 43.2%.
What is the company’s sales target for 2025?
According to the financial statements, ICICI Bank’s sales target for 2025 is ₹130,000 crore.
The average target price for ICICI Bank’s share price in 2025 is not available, as it varies based on analysts’ predictions.
While there is no guarantee that ICICI Bank’s share price will reach ₹5000 by 2025, it is possible given the company’s consistent growth and strong financial performance.
Factors such as economic conditions, regulatory changes, and global events can impact ICICI Bank’s share price in the coming years.
What is the dividend payout ratio for ICICI Bank?
The dividend payout ratio for ICICI Bank has varied over the past five years, with a range of 0% to 15.15%.
What is the outlook for ICICI Bank’s future growth?
ICICI Bank’s future growth outlook is positive, with a focus on expanding its retail business and digital initiatives. The company also aims to increase its market share in the Indian banking industry.
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Conclusion
In conclusion, over the past five years, ICICI Bank has demonstrated outstanding progress in terms of income, PAT, revenue growth, and profit growth. The company’s sales climbed by 53% between March 2018 and March 2022, from 62,162.35 crores to 95,406.87 crores. Likewise, from March 2018 to March 2022, the profit after tax increased by 225%, from 7,712.19 crores to 25,110.10 crores. The business’ operating profit and other income have stayed consistent despite some difficulties with expenses and interest. By 2025, the share price of ICICI Bank could reach 5000 rupees if the growth pattern continues. Yet, it is crucial to take into account the outside variables that could impact the share price, such as the state of the economy and the regulatory landscape around the banking sector. The overall growth potential of ICICI Bank shares has been encouraging, making them a solid investment choice for investors seeking long-term returns. To make wise judgements, investors must conduct due diligence and speak with financial professionals.
What did we learn?
- 1 Latest news about ICICI Bank Ltd
- 2 How to purchase ICICI Bank Ltd shares?
- 3 ICICI Bank Ltd Share Price Prediction: 2023 to 2030.
- 4 ICICI Bank Ltd Share Price Prediction 2023.
- 5 ICICI Bank Ltd Share Price Prediction 2024.
- 6 ICICI Bank Ltd Share Price Prediction 2025.
- 7 ICICI Bank Ltd Share Price Prediction 2026-2030.
- 8 Financial Condition of ICICI Bank Ltd: Last 5 years
- 9 ICICI Bank Ltd share price target by Experts
- 10 FAQS
- 10.1 What is the current share price of ICICI Bank?
- 10.2 What is the growth rate of ICICI Bank’s share price over the past five years?
- 10.3 What is the company’s financial performance over the past five years?
- 10.4 What is the company’s sales target for 2025?
- 10.5 What is the average target price for ICICI Bank’s share price in 2025?
- 10.6 Can ICICI Bank’s share price reach ₹5000 by 2025?
- 10.7 What factors can impact ICICI Bank’s share price in the coming years?
- 10.8 What is the dividend payout ratio for ICICI Bank?
- 10.9 What is the outlook for ICICI Bank’s future growth?
- 11 Conclusion
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