ICICI Bank Ltd. - ADR
IBN
Market Cap$58.18B
Close$
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.
Exclusive for Stockcircle Pro members
Sign up
$99.64
205.5% upside
Current Fair Value
205.5% upsideUndervalued by 205.5% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $58.18 Billion |
|---|---|
| Enterprise Value | $503.13 Billion |
| Dividend Yield | $0.2389 (0.701065619742008%) |
| 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 | 20.05 |
|---|---|
| PEG | 127.83 |
| Price to Sales | 0.05 |
| Price to Book Ratio | 0.04 |
| Enterprise Value to Revenue | 0.22 |
| Enterprise Value to EBIT | -29.16 |
| Enterprise Value to Net Income | 0 |
| Total Debt to Enterprise | 4.31 |
| Debt to Equity | 0.74 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About ICICI Bank Ltd.
CEO: Sandeep Bakhshi