ICICI BANK SHARE PRICE TARGET 2024, 2025, 2026 to 2030

ICICI Bank is the second largest private bank in India after HDFC. ICICI comes with a market cap of Rs. 7,55,949 crore. Over the past five years, this private bank has achieved an impressive compound annual growth rate (CAGR) of 34.6% in terms of profit.

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 target from 2024 to 2030.

Read on to learn more if you’re considering investing in one of India’s biggest banks.

ICICI BANK Share Price Prediction

ICICI Bank’s Q3 FY24 Result Highlight

  • ICICI Bank reported a robust net profit of Rs 10,271.54 crore for Q3 of the current financial year, marking a notable 23.5% increase from the previous year.
  • The bank’s gross non-performing asset (NPA) ratio saw a significant improvement, standing at 2.30% compared to 3.07% YoY, indicating better asset quality management.
  • Net interest income (NII) surged by 34.6% year-on-year to Rs 16,465 crore, driven by strong interest earning assets and improved net interest margins, which stood at 4.65%.
  • ICICI Bank also demonstrated strong capital adequacy, with a total capital adequacy ratio of 16.70% and a CET-1 ratio of 16.03%, exceeding regulatory requirements.
  • The bank efficiently managed NPAs, with net additions to gross NPAs at Rs 363 crore and recoveries and upgrades amounting to Rs 5,351 crore.
  • The provisioning coverage ratio on NPAs stood at a healthy 80.7% as of December 31, 2023, reflecting the bank’s proactive approach to risk management and asset quality preservation.

ICICI Bank’s Q2 FY24 Result: Summary 

  • Standalone net profit increased by 35.8% YoY to ₹10,261 crore in Q2 FY24.
  • Net interest income (NII) rose by 23.8% YoY to ₹18,308 crore in the July-September quarter.
  • The bank’s net interest margin was 4.53% in Q2 FY24.
  • The bank’s shares closed 0.28% lower at ₹932.45 per share on the BSE.
  • Fees from retail, rural, business banking, and SME customers accounted for approximately 78% of total fees in Q2-2024.

ICICI Bank Q1 FY2024 Results: Summary

ICICI Bank, India’s second-largest private sector lender, posted a 40% year-on-year increase in net profit for Q1 FY24, reaching Rs 9,648 crore and exceeding market forecasts. The bank’s net interest income (NII) surged 38% YoY to Rs 18,227 crore, and its net interest margin (NIM) increased to 4.78%, highlighting a strong profit from its lending operations. Deposits saw an 18% YoY growth, reaching Rs 12.38 lakh crore as of June 30, 2023. The bank also reported improved asset quality, with Gross Non-Performing Assets (GNPAs) decreasing to 2.76% and Net Non-Performing Assets (NNPAs) falling to 0.48%. Furthermore, significant growth was reported across diverse sectors, including retail loans, business banking, SMEs, and the rural and domestic corporate portfolios.

How to purchase ICICI Bank shares?

ICICI Bank Share Price Target: 2024 to 2030

ICICI Bank Share Price Target 2024

When Maximum Price Minimum Price
March 2024 1,086.80 945.04
April 2024 1,055.15 917.52
May 2024 1,039.55 903.96
June 2024 1,076.98 936.50
July 2024 1,066.21 927.14
August 2024 1,108.85 964.22
September 2024 1,153.21 1,002.79
October 2024 1,130.60 983.13
November 2024 1,175.82 1,022.45
December 2024 1,187.58 1,032.68

In March 2024, ICICI Bank’s shares are expected to reach a maximum price of 1,086.80 and a minimum of 945.04. As April unfolds, the maximum price is anticipated to dip slightly to 1,055.15, with the minimum expected to be around 917.52. Moving into May, the trend continues with a projected maximum of 1,039.55 and a minimum of 903.96. By December, ICICI Bank’s shares are forecasted to reach a maximum price of 1,187.58 and a minimum of 1,032.68, marking a potential uptick in value as the year concludes.

ICICI Bank Share Price Target 2025

When Maximum Price Minimum Price
January 2025 ₹1,237.13 ₹951.64
February 2025 ₹1,268.85 ₹976.04
March 2025 ₹1,318.34 ₹1,014.11
April 2025 ₹1,292.49 ₹994.22
May 2025 ₹1,254.84 ₹965.26
June 2025 ₹1,311.31 ₹1,008.70
July 2025 ₹1,285.60 ₹988.92
August 2025 ₹1,325.36 ₹1,019.51
September 2025 ₹1,371.75 ₹1,055.19
October 2025 ₹1,407.41 ₹1,082.62
November 2025 ₹1,442.60 ₹1,109.69
December 2025 ₹1,478.66 ₹1,137.43

In 2025, ICICI Bank’s share price is expected to continue its trajectory of fluctuation and growth. January sets the tone with a projected range of ₹951.64 to ₹1,237.13, showcasing the potential for significant value swings. February follows suit, with a range of ₹976.04 to ₹1,268.85, indicating an upward trend. March maintains this momentum, offering a range of ₹1,014.11 to ₹1,318.34, showing optimism in the stock’s performance.

April and May are projected to exhibit similar trends, with respective ranges of ₹994.22 to ₹1,292.49 and ₹965.26 to ₹1,254.84. June, July, and August continue to indicate an upward trajectory with ranges of ₹1,008.70 to ₹1,311.31, ₹988.92 to ₹1,285.60, and ₹1,019.51 to ₹1,325.36, respectively.

Finances rule

As we approach the year-end, September through December maintain this bullish outlook, with steadily increasing ranges. The anticipated price ranges for these months are as follows: ₹1,055.19 to ₹1,371.75, ₹1,082.62 to ₹1,407.41, ₹1,109.69 to ₹1,442.60, and ₹1,137.43 to ₹1,478.66. These forecasts reflect positive sentiment surrounding ICICI Bank’s potential growth and resilience in the market throughout 2025.

ICICI Bank Share Price Target 2026-2030

Year Maximum Price Minimum Price
2026 ₹1,552.60 ₹1,086.82
2027 ₹1,707.86 ₹1,195.50
2028 ₹2,391.00 ₹1,195.50
2029 ₹2,070.13 ₹1,035.06
2030 ₹2,691.17 ₹1,883.82

The forecast for ICICI Bank’s share price from 2026 to 2030 suggests a trajectory of steady growth and increasing valuation. In 2026, the projected range is ₹1,086.82 to ₹1,552.60, indicating substantial potential for value appreciation. The following year, 2027, maintains this upward trend with an expected range of ₹1,195.50 to ₹1,707.86, reflecting positive market sentiment.

The year 2028 stands out with a notable leap in share price, as the range is anticipated to be between ₹1,195.50 and ₹2,391.00, signifying a significant growth potential. While 2029 displays a more conservative range of ₹1,035.06 to ₹2,070.13, it still demonstrates a positive outlook for the bank’s stock.

The year 2030 concludes the forecast with a substantial range, with a minimum price of ₹1,883.82 and a maximum price of ₹2,691.17. These forecasts collectively suggest a favorable trajectory for ICICI Bank’s stock price over this five-year period, marked by consistent growth and optimism in the market.

Financial Condition of ICICI Bank Ltd: Last 5 years

Metric 2019 2020 2021 2022 2023
Sales
(in Crore INR)
71,982 84,836 89,163 95,407 121,067
Expenses
(in Crore INR)
83,775 85,361 91,309 80,798 89,379
Operating Profit
(in Crore INR)
7,408 18,589 25,884 34,241 47,255
OPM 10% 22% 29% 36% 39%
Other Income
(in Crore INR)
59,325 64,950 72,030 62,129 66,110
Profit Before Tax
(in Crore INR)
7,408 18,589 25,884 34,241 47,255
PAT
(in Crore INR)
5,689 11,225 20,364 26,538 35,461
EPS 6.60 14.78 26.58 36.14 48.74
Dividend Payout 15% 8% 14% 16%

Sales Revenue Growth: ICICI Bank has demonstrated consistent growth in sales revenue over the last five years. Starting at ₹71,982 crore in 2019, the bank’s sales revenue increased steadily to reach ₹121,067 crore in 2023.

Effective Expense Management: Despite market fluctuations and challenges, ICICI Bank has effectively managed its expenses. The bank has maintained a relatively stable expense level, ranging from ₹80,798 crore in 2022 to ₹91,309 crore in 2021.

Steady Growth in Operating Profit: ICICI Bank has shown a positive trend in operating profit. Over the past five years, the bank’s operating profit has steadily increased from ₹7,408 crore in 2019 to ₹47,255 crore in 2023, highlighting its strong financial performance.

Improving Operating Profit Margin (OPM): The bank’s operating profit margin (OPM) has consistently improved. Starting at 10% in 2019, ICICI Bank has successfully increased its OPM to 39% in 2023, reflecting enhanced efficiency and profitability.

Significance of Other Income: ICICI Bank has witnessed significant growth in other income, which includes non-core revenue sources. From ₹59,325 crore in 2019, the bank’s other income rose to ₹66,110 crore in 2023, contributing substantially to its overall profitability.

In summary, ICICI Bank has showcased robust financial performance over the last five years. The bank experienced consistent growth in sales revenue, effectively managed expenses, achieved steady growth in operating profit, improved its operating profit margin, and benefited from a notable increase in other income. These factors demonstrate the bank’s resilience, efficiency, and ability to generate profits amidst a dynamic market environment.

FAQS

What is the current share price of ICICI Bank?

As of March 12, 2024, the current share price of ICICI Bank is ₹1,077.

What is the growth rate of ICICI Bank’s share price over the past five years?

ICICI Bank’s share price has grown at a compound annual growth rate (CAGR) of approximately 34.6% over the past five years.

What is the company’s financial performance over the past five years?

Over the past five years, ICICI Bank has shown consistent growth in its revenue, with a substantial increase from INR 59,294 crore in March 2016 to INR 121,067 crore in March 2023. The company has also demonstrated a positive trend in its net profit, which grew from INR 10,927 crore in March 2016 to INR 35,461 crore in March 2023.

Can ICICI Bank’s share price reach ₹5000 by 2025?

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. ICICI may reach Rs.5000 by 2035.

What factors can impact ICICI Bank’s share price in the coming years?

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.

What is ICICI Bank’s share price target for 2025?

ICICI Bank’s share price target for 2025 suggests the share price could be trading in between ₹994.22 and ₹1,478.66.

What is ICICI Bank’s share price target for 2030?

ICICI Bank’s share price target for 2030 suggests the share price could be trading in between ₹1,883.82 and ₹2,691.17.

What is ICICI bank share price’s last 5-year CAGR?

ICICI bank share price’s last 5-year CAGR is 27%, while last 3 years CAGR is 39%

What is ICICI Bank’s Return on Equity for the last 5 years?

ICICI Bank’s last 5-year return on equity is 13%.

ALSO READ:

What Lies Ahead for ICICI Bank and Is It a Good Investment in 2024?

The Q3 results of ICICI Bank underscore its resilience and capacity to thrive amidst a dynamic economic landscape. The bank’s commendable increase in net profit, coupled with a notable improvement in asset quality and robust operational performance, reaffirms its standing as a stalwart within India’s banking realm. Over the past five years, ICICI Bank has showcased a consistent growth trajectory, marked by impressive compound annual growth rates across key financial metrics. This trajectory not only reflects the bank’s sound business model but also underscores its adeptness at navigating market fluctuations and capitalizing on emerging opportunities.

Looking forward, ICICI Bank’s strategic emphasis on expanding its retail footprint and bolstering digital initiatives augurs well for sustained growth and innovation. Such forward-thinking approaches are poised to fortify the bank’s competitive edge and further elevate its position within the financial sector. Moreover, the bank’s unwavering commitment to prudent financial management and maintaining a robust capital base instills confidence in its ability to weather uncertainties and deliver long-term shareholder value.

In essence, ICICI Bank emerges from its Q3 performance as a beacon of stability and adaptability in an ever-evolving market landscape. With a strong foundation built upon resilience, innovation, and strategic foresight, the bank is well-positioned to chart a path of continued success and prosperity in the years ahead.

Last updated: March 12, 2024.

Financesrule telegram

Author: Neelam KushwahaNeelam Kushwaha is a Bachelor's student in Computer Science at Hansraj College with a keen interest in finance and the stock market. She is a senior editor at Financesrule, where she shares her insights and expertise in researching stock price predictions. Neelam's analytical skills and unique perspectives make her a valuable asset to the financial community. In her free time, she enjoys reading and traveling.

Leave a Reply