Let's break down ICICI Bank Ltd. (ICICIBANK) — from its financial performance to how the market is valuing the stock.
ICICI Bank Revenue Trend
Revenue rose 6.0% to ₹3,12,118 Cr in FY2026 for ICICI Bank Ltd., against ₹2,94,586 Cr the year before.
The 10-year revenue CAGR of 11.9% is a good number — ICICI Bank Ltd.'s top line has expanded meaningfully from ₹1,01,395 Cr to ₹3,12,118 Cr.
A ₹3,12,118 Cr revenue base makes ICICI Bank Ltd. a major name in the Indian banks sector.
With 4 straight years of revenue growth, this isn't a blip — the trajectory is clear for ICICI Bank Ltd..
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹3,12,118 Cr | +6.0% |
| FY2025 | ₹2,94,586 Cr | +24.8% |
| FY2024 | ₹2,36,037 Cr | +26.8% |
| FY2023 | ₹1,86,178 Cr | +18.2% |
| FY2022 | ₹1,57,536 Cr | — |
View ICICI Bank Ltd.'s full 10-year revenue trend with CAGR analysis →
ICICI Bank Profitability
A 6.2% improvement in net profit took ICICI Bank Ltd.'s bottom line to ₹54,208 Cr in FY2026.
On the margin front, things were flat — net profit margin stayed around 17.4% in FY2026.
Diluted EPS came in at ₹74.77 for FY2026, up from ₹71.14 a year earlier.
Is ICICI Bank Undervalued
Running the numbers through the P/B Ratio model gives a fair value of ₹1,618 for ICICI Bank Ltd..
ICICI Bank Ltd. shares are currently trading at ₹1,460.00.
Craytheon also calculates intrinsic value using the P/E Ratio, EPS Growth, and DDM models. All three appear in the Valuation Models cards below.
Valuation Models
ICICI Bank Shareholding Pattern
ICICI Bank Ltd. is a widely held company with no promoter group. Ownership is distributed across institutional and public shareholders.
Foreign investors held 49.8% of the company as of June 2026, up year-over-year from 45.6%.
DII holding is at 42.3%, down from 45.1% in the year-ago quarter.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Jun 2026 | 0.0% | 49.8% | 42.3% | 7.7% |
| Mar 2026 | 0.0% | 34.5% | 40.0% | 25.4% |
| Dec 2025 | 0.0% | 43.9% | 46.7% | 9.1% |
| Sep 2025 | 0.0% | 45.6% | 45.1% | 9.1% |
Track quarterly shareholding changes for ICICI Bank Ltd. →
ICICI Bank Balance Sheet
Proportional view as of 3 Aug 2026. Hover blocks for details.
Assets
Liabilities & Equity
FY2026 total assets: ₹29.14T (up 10.3% YoY from ₹26.42T).
Top categories: Loans & Advances (56.4%), Investments (29.9%), Cash (9.1%).
Of the ₹29.14T in liabilities and equity, 62.8% is Deposits, 7.6% is Borrowings, 13.0% is Equity, and 16.6% is Other Liabilities. Over the year, deposits are up 11.5% and equity is up 15.5%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash | 2,649.81B |
| Loans & Advances | 16.45T |
| Investments | 8,707.20B |
| Other Assets | 1,341.39B |
| Category | Value |
|---|---|
| Equity | 3,795.71B |
| Deposits | 18.30T |
| Borrowings | 2,202.64B |
| Other Liabilities | 4,846.42B |
ICICI Bank Key Takeaways
Here's the bottom line on ICICI Bank Ltd. (ICICIBANK) based on the latest available financials.
Revenue of ₹3,12,118 Cr in FY2026, up 6.0% year-over-year.
Long-term revenue has been compounding at 11.9% annually over 10 years.
The company is profitable, with a net margin of 17.4% and net income of ₹54,208 Cr.
The models reach different conclusions: P/B Ratio sees 10.8% upside, EPS Growth sees 95.9% upside, P/E Ratio puts it near fair value, and DDM sees 59.2% downside. Disagreement this wide usually means one of the inputs — growth rate, discount rate, or peer multiples — is doing most of the work. Each section lays out its assumptions so you can decide which view fits.