ICICI Bank Share Price Target 2024, 2025 to 2030-Market Overview and Key Insights: This article delves into ICICI Bank Share Price Target for 2024-2030, analyzing its performance, stock market updates, financial health, shareholding pattern, and competitors. As one of India’s largest private sector banks, ICICI Bank has consistently positioned itself as a strong player in the banking sector, offering a wide range of services including retail banking, corporate banking, and insurance solutions.
Overview of ICICI Bank Limited
What is ICICI Bank Limited?
ICICI Bank Limited is one of India’s largest private sector banks, offering a wide range of financial services including retail banking, corporate banking, insurance, and wealth management. Established in 1994 in Vadodara, it has since grown into a leading multinational bank with a strong presence both in India and globally. The bank is headquartered in Mumbai and operates through its subsidiaries, including ICICI Bank UK PLC and ICICI Lombard. With its robust financial services and innovative digital banking solutions, ICICI Bank has become a key player in India’s banking sector.
Key Features of ICICI Bank Limited
- Comprehensive Financial Services: Provides a wide range of services, including banking, insurance, and wealth management solutions.
- Global Reach: With subsidiaries in multiple countries, ICICI Bank has a significant international presence.
- Experienced Leadership: Led by CEO Sandeep Bakhshi (since October 15, 2018), who drives the bank’s growth and strategic direction.
- Large Workforce: Employs 1,87,765 individuals (2024), contributing to its extensive operations.
- Strong Financial Base: Reported a revenue of USD 1,300 crores, showcasing its financial strength and stability.
Information about ICICI Bank Limited
| Information | Details |
|---|---|
| Website | icicibank.com |
| Headquarters | Mumbai, India |
| Founded | 1994 |
| Founder | Industrial Credit and Investment Corporation of India |
| Managing Director & CEO | Sandeep Bakhshi (2018–present) |
| Number of Employees | 1,87,765 (2024) |
| Subsidiaries | ICICI Bank UK PLC, ICICI Lombard |
| Revenue | USD 1,300 crores |
| BSE Symbol | 532174 |
| NSE Symbol | ICICIBANK |
Current Market Overview of ICICI Bank Share
As of December 2024, ICICI Bank’s share has shown strong performance. It is up by +0.57% today and has increased by +1.16% over the past week. The share has gained +3.03% in the last month, and over the past three months, it has risen by +6.43%. Over the past year, it has delivered an impressive return of +32.75%, with notable growth of +83.7% over the past three years and +148.63% over the last five years, reflecting its strong long-term potential.
ICICI Bank Share Fundamental Data
- Market Cap: ₹9,27,764 Cr.
- Current Price: ₹1,315
- High / Low: ₹1,362 / ₹970
- Stock P/E: 19.6
- Book Value: ₹365
- Dividend Yield: 0.76%
- ROCE: 7.60%
- ROE: 18.8%
- Face Value: ₹2.00
Market Position of ICICI Bank Share as of December 2024
| Time Period | Returns of ICICI Bank Share |
|---|---|
| 1 Day | 0.57% |
| 1 Week | 1.16% |
| 1 Month | 3.03% |
| 3 Months | 6.43% |
| 1 Year | 32.75% |
| 3 Years | 83.7% |
| 5 Years | 148.63% |
ICICI Bank Share Price Target for 2024, 2025, 2026, 2027, 2028, 2029, 2030
ICICI Bank Share Price Target in 2024
In 2024, the share price target for ICICI Bank is expected to range between ₹1,290 and ₹1,330, reflecting stable market conditions and moderate growth prospects for the bank.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹1,290 | ₹1,330 |
ICICI Bank Share Price Target in 2025
For 2025, ICICI Bank’s share price target is projected to range between ₹1,330 and ₹1,450, driven by continued growth and a stronger market position.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2025 | ₹1,330 | ₹1,450 |
ICICI Bank Share Price Target in 2026
In 2026, ICICI Bank’s share price target is estimated to range between ₹1,450 and ₹1,570, reflecting sustained growth and increasing market share.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2026 | ₹1,450 | ₹1,570 |
ICICI Bank Share Price Target in 2027
By 2027, the share price target for ICICI Bank is projected to range between ₹1,570 and ₹1,670, supported by the bank’s expanding operations and solid financial performance.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2027 | ₹1,570 | ₹1,670 |
ICICI Bank Share Price Target in 2028
In 2028, ICICI Bank’s share price target is expected to range between ₹1,670 and ₹1,860, backed by its strong market presence and consistent growth.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2028 | ₹1,670 | ₹1,860 |
ICICI Bank Share Price Target in 2029
For 2029, ICICI Bank’s share price target is projected to range between ₹1,860 and ₹2,030, reflecting strong market performance and a competitive position.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2029 | ₹1,860 | ₹2,030 |
ICICI Bank Share Price Target in 2030
By 2030, ICICI Bank’s share price target is estimated to range between ₹2,030 and ₹2,100, driven by its long-term strategic growth and continued market leadership.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2030 | ₹2,030 | ₹2,100 |
Financial Health and Performance Analysis of ICICI Bank (FY 2020 – FY 2024)
ICICI Bank Financials: Income (P&L) (FY 2020 – FY 2024)
| Year | Total Income (₹ Cr) | Total Income Growth (%) |
|---|---|---|
| FY 2024 | 2,36,037.73 | 26.78% |
| FY 2023 | 1,86,178.80 | 18.18% |
| FY 2022 | 1,57,536.32 | -2.27% |
| FY 2021 | 1,61,192.19 | 7.61% |
| FY 2020 | 1,49,786.10 | 14.07% |
ICICI Bank Financials: Advances (FY 2020 – FY 2024)
| Year | Advances (₹ Cr) | Advances Growth (%) |
|---|---|---|
| FY 2024 | 12,60,776.20 | 16.32% |
| FY 2023 | 10,83,866.31 | 17.77% |
| FY 2022 | 9,20,308.14 | 16.23% |
| FY 2021 | 7,91,801.39 | 12.11% |
| FY 2020 | 7,06,246.11 | 9.16% |
ICICI Bank Financials: Cash Flow (FY 2020 – FY 2024)
| Year | Net Cash Flow (₹ Cr) |
|---|---|
| FY 2024 | 26,312.41 |
| FY 2023 | -46,669.49 |
| FY 2022 | 35,555.45 |
| FY 2021 | 19,717.61 |
| FY 2020 | 40,462.03 |
ICICI Bank Financials: Key Ratios (FY 2020 – FY 2024)
| Year | Return on Equity (%) | Return on Assets (%) | Cost to Income (%) |
|---|---|---|---|
| FY 2024 | 17.49 | 1.87 | 60.38% |
| FY 2023 | 16.10 | 1.73 | 54.34% |
| FY 2022 | 14.04 | 1.43 | 57.50% |
| FY 2021 | 11.90 | 1.16 | 60.99% |
| FY 2020 | 7.98 | 0.69 | 62.68% |
Analysis Summary
- Revenue Growth: ICICI Bank demonstrated a robust revenue growth of 26.78% in FY 2024, following an 18.18% increase in FY 2023. This indicates strong recovery and consistent performance, especially after a slight decline in FY 2022.
- Advances Growth: The bank’s advances grew by 16.32% in FY 2024, continuing a healthy growth trajectory over the last few years. This was driven by increasing demand for credit and improved lending conditions.
- Cash Flow: Net cash flow improved significantly in FY 2024 to ₹26,312.41 Cr, following a negative cash flow in FY 2023. This is a strong indicator of the bank’s improved operational efficiency and liquidity position.
- Profitability Ratios:
- Return on Equity (ROE) increased to 17.49% in FY 2024, reflecting enhanced shareholder returns and improving profitability.
- Return on Assets (ROA) rose to 1.87% in FY 2024, indicating better asset utilization and efficiency.
- Cost to Income Ratio increased to 60.38% in FY 2024, which is a slight increase compared to FY 2023, but still reflects the bank’s efficient cost management in the context of higher income growth.
How to Buy ICICI Bank Shares
- Choose a Broker: Select a reliable brokerage platform such as Zerodha, Upstox, Angel One, ICICI Direct, or HDFC Securities that offers access to ICICI Bank shares.
- Open a Trading Account: Set up a Demat and trading account with your chosen broker using platforms like Kite (Zerodha), Upstox Pro, or Angel Broking app.
- Complete KYC: Provide the necessary documents for Know Your Customer (KYC) verification, including ID proof, address proof, and PAN card.
- Deposit Funds: Transfer funds into your trading account to facilitate the purchase of shares.
- Search for the Company Shares: Look for ICICI Bank shares using its name or ticker symbol (NSE: ICICIBANK).
- Place an Order: Specify the number of shares you wish to buy and place either a market or limit order based on your preference.
- Confirm Purchase: Review your order details and confirm the transaction to finalize the purchase.
ICICI Bank Share Price Target for the Next 5 Years
ICICI Bank is expected to maintain steady growth due to its strong market presence and continued expansion in the financial sector. Below are the share price targets for the next five years:
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2024 | ₹1,290 | ₹1,330 |
| 2025 | ₹1,330 | ₹1,450 |
| 2026 | ₹1,450 | ₹1,570 |
| 2027 | ₹1,570 | ₹1,670 |
| 2028 | ₹1,670 | ₹1,860 |
Shareholding Pattern of ICICI Bank Ltd.
FII (Foreign Institutional Investors):
- No. of Shares: 2,62,72,09,244
- Percentage: 46.22%
- % Change QoQ: 0.74%
DII (Domestic Institutional Investors):
- No. of Shares: 2,49,32,00,630
- Percentage: 43.86%
- % Change QoQ: -0.56%
MF (Mutual Funds):
- No. of Shares: 1,62,76,05,158
- Percentage: 28.63%
- % Change QoQ: -0.55%
Others:
- No. of Shares: 1,92,57,91,568
- Percentage: 9.92%
- % Change QoQ: -0.17%
Pros and Cons of ICICI Bank Ltd.
Pros:
- Strong market position and consistent growth in financial services.
- Well-established brand with a broad customer base.
- Diversified offerings in retail, corporate, and investment banking.
- Robust institutional investor support and stable financial performance.
Cons:
- High competition in the banking sector.
- Exposure to economic fluctuations and regulatory changes.
- Potential risks from global market volatility.
- Dependence on domestic market performance for growth.
Peer Competitors of ICICI Bank Ltd. in the Private Sector Banking Industry
| Name | Share Price (₹) | Market Cap (₹ Cr) |
|---|---|---|
| HDFC Bank | 1,860.50 | 1,421,967.96 |
| ICICI Bank | 1,314.75 | 927,763.59 |
| Axis Bank | 1,158.30 | 358,437.18 |
| Kotak Mahindra Bank | 1,760.00 | 349,916.88 |
| IDBI Bank | 86.36 | 92,857.71 |
| IndusInd Bank | 995.85 | 77,578.69 |
| Yes Bank | 21.16 | 66,336.36 |
(FAQ)
1. What is the current share price of ICICI Bank?
The current share price of ICICI Bank is ₹1,314.75.
2. How can I buy ICICI Bank shares?
To buy ICICI Bank shares, you can follow these steps:
- Choose a reliable broker like Zerodha, Upstox, or ICICI Direct.
- Open a Demat and trading account with the selected broker.
- Complete the KYC verification process.
- Deposit funds into your trading account.
- Search for ICICI Bank shares using its ticker symbol (NSE: ICICIBANK).
- Place a market or limit order for the desired number of shares.
3. What is the market capitalization of ICICI Bank?
The market capitalization of ICICI Bank is ₹927,763.59 crore.
4. What factors influence ICICI Bank’s share price?
ICICI Bank’s share price is influenced by factors such as the bank’s financial performance, interest rate changes, economic conditions, government policies, and investor sentiment.
5. Is ICICI Bank a good investment?
ICICI Bank is considered a strong player in the Indian banking sector, with solid financials, a good market position, and growth prospects. However, investment decisions should be based on individual financial goals and risk tolerance. It’s always advisable to consult with a financial advisor.
6. What are the key financial ratios for ICICI Bank?
ICICI Bank’s key financial ratios include:
- P/E Ratio: 19.62
- Dividend Yield: 0.76%
- Return on Capital Employed (ROCE): 7.60%
7. What is the dividend yield of ICICI Bank?
The dividend yield of ICICI Bank is 0.76%.
8. Where can I track the ICICI Bank share price?
You can track the ICICI Bank share price on stock market websites like NSE, BSE, or financial news platforms like Moneycontrol, Bloomberg, or Reuters.
