ICICI BANK SHARE PRICE TARGET 2024, 2025 to 2030

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.

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.

ICICI Bank share price target by Experts

Emkay Global Financial on ICICI Bank Ltd share price target

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 shares with a target price of Rs.1175.

Motilal Oswal on ICICI Bank Ltd share price target

Motilal Oswal has given a buy call on ICICI Bank Ltd. According to the brokerage firm, you can continue buying ICICI Bank Ltd share with a target price of Rs. 1150.

LKP Securities on ICICI Bank Ltd share price target

LKP Securities recommends purchasing ICICI Bank with a target price of Rs 1058.

FAQS

What is the current share price of ICICI Bank?

As of December 3, 2023, the current share price of ICICI Bank is ₹947.

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 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 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%.

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What Lies Ahead for ICICI Bank and Is It a Good Investment in 2023?

ICICI Bank, under the leadership of Mr. Sandeep Bakhshi, has demonstrated a commendable performance in the face of global economic challenges. The bank’s strong Q1 and Q2 FY2024 results are a testament to its robustness, with the core operating profit less provisions surging by 38.0% and 35.8% year-on-year to 125.95 billion Rupees and Rs. 10,261 Crore.

Furthermore, the bank’s total deposits grew by 17.9% year-on-year, and its domestic loan portfolio expanded by 20.6% year-on-year. Such growth metrics, combined with a stable net NPA ratio of 0.43% as of September 30, 2023, reflect the bank’s sound financial health.

ICICI Bank’s strategic emphasis on technology and digitalization is evident in its achievements. The bank reported over 10 million activations of iMobile Pay by non-ICICI Bank account holders and a significant 70% of trade transactions conducted digitally in Q1. This digital push not only enhances customer experience but also positions the bank favorably in a rapidly evolving financial landscape.

The bank’s commitment to growth is further underscored by its net interest income, which increased by 38.0% year-on-year to 182.27 billion Rupees, and a net interest margin of 4.78% in the recent quarter. Additionally, with a strong capital position reflected in a CET-1 ratio of 16.66% as of June 30, 2023, ICICI Bank is well-poised to capitalize on future opportunities.

Is ICICI Bank undervalued or overvalued? We can see a constant increase in the ICICI bank financials every quarter, and wrt it, the share price has not increased. Though the median PE is 24, the current PE is 16.79, making it look undervalued as of December 3rd, 2023.

Given these impressive financial metrics, coupled with the bank’s forward-looking digital strategy and its resilient performance in a challenging economic environment, ICICI Bank presents itself as a compelling investment proposition. However, potential investors should always undertake comprehensive research and consider their financial circumstances before making investment decisions.

Last updated: December 3, 2023.