ICICI Bank Ltd. - ADR
IBN
Market Cap$59.36B
Close$
Earnings Call Q3 2024
January 23, 2024 - AI Summary
**Strong Financial Performance**: ICICI Bank reported a profit before tax (excluding treasury) of INR 135.51 billion for Q3 FY '24, reflecting a year-on-year growth of 23.4%. Profit after tax also increased by 23.6% to INR 102.72 billion, indicating robust underlying performance despite a dynamic economic environment.
**Loan Growth and Portfolio Composition**: The domestic loan portfolio grew by 18.8% year-on-year and 3.8% sequentially, with a notable increase in the retail loan segment (21.4% YoY growth). The retail portfolio accounted for 46.4% of the total loan portfolio, highlighting effective customer-focused strategies.
**Credit Quality and Provisions**: The net NPA ratio stood at 0.44%, slightly up from 0.43% in the previous quarter but improved compared to 0.55% a year ago. Credit costs are expected to remain moderate due to strong provisioning coverage (80.7%) and a contingency provision of INR 131 billion (1.1% of total loans). However, there are ongoing concerns about increased retail NPAs.
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$99.64
199.5% upside
Current Fair Value
199.5% upsideUndervalued by 199.5% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $59.36 Billion |
|---|---|
| Enterprise Value | $1.03 Trillion |
| Dividend Yield | $0.2389 (0.703284337857796%) |
| Earnings per Share | $144.82 |
| Beta | 0.47 |
| Outstanding Shares | 3,583,391,500 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 19.99 |
|---|---|
| PEG | 127.43 |
| Price to Sales | 0.05 |
| Price to Book Ratio | 0.03 |
| Enterprise Value to Revenue | 0.46 |
| Enterprise Value to EBIT | -59.7 |
| Enterprise Value to Net Income | 2 |
| Total Debt to Enterprise | 2.11 |
| Debt to Equity | 0.63 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About ICICI Bank Ltd.
CEO: Sandeep Bakhshi