ICICI BankShare Price Target 2022, 2025, 2030
Introduction
ICICI Bank is one of the leading banks in India with a strong presence in both retail and corporate banking. The bank’s shares have been under pressure in recent years due to concerns about asset quality and profitability. However, ICICI Bank’s share price has started to rebound in recent months on the back of improving economic conditions in India. In this blog post, we will take a look at ICICI Bank’s share price target for 2022, 2025, and 2030. We will also discuss the factors that could impact the bank’s share price over the next few years.
ICICI Bank’s Business Model
ICICI Bank is a leading private sector bank in India with total assets of Rs. 5,363 billion (US$ 82.5 billion) on March 31, 2019, and profit after tax of Rs. 121.6 billion (US$ 1.8 billion) for the year ended March 31, 2019. The Bank has a network of 5,275 branches and 15,589 ATMs spread across 2,899 cities and towns in India. The Bank also has a presence in 17 countries including India.
ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialized subsidiaries in the areas of Investment Banking, Life Insurance, Non-Life Insurance, and Asset Management.
The Bank’s business model is built on the following three pillars:
# Customer centricity
# Technology leadership
# Innovative product offerings
1. ICICI Bank’s Business Model:
ICICI Bank’s business model is built on the following three pillars: customer centricity, technology leadership, and innovative product offerings.
ICICI Bank Company Details
ICICI Bank is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra, India, with its registered office in Vadodara. In 2002, it was the second-largest bank in India by assets and third-largest by market capitalization. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life insurance, non-life insurance, and venture capital. The Bank has a network of 4,850 branches and 14,404 ATMs spread across India. ICICI Bank is one of the Big Four banks of India along with the State Bank of India (SBI), Punjab National Bank (PNB), and HDFC Bank.[2][3]
As of 31 March 2016, the bank’s consolidated total assets stood at ₹853 billion (US$130 billion), while its net loans were at ₹620 billion (US$93 billion). The bank posted a net profit of ₹102.6 billion (US$1.6 billion) for the fiscal year that ended on 31 March 2016.[4] For FY 2017, it reported a standalone profit before tax of Rs 12669 crore,[5] up from Rs 10664 crore for FY 2016.[6][7] Total income increased to Rs 63358 crore for FY 2017 from Rs 57288 crore in FY 2016.
ICICI Bank’s Financial Performance
ICICI Bank’s financial performance has been impressive in recent years. The bank’s total assets grew from Rs. 1,206 crores in FY2008 to Rs. 2,009 crores in FY2018. During the same period, its net profit increased from Rs. 59 crores to Rs. 584 crores.
The bank’s strong financial performance is reflected in its share price as well. ICICI Bank’s share price has risen from Rs. 60 in 2008 to Rs. 360 in 2018, giving it a market capitalization of over Rs. 1 lakh crore.
Looking ahead, ICICI Bank is well-positioned to continue its strong growth momentum on the back of its robust business model and healthy balance sheet
Analyst Recommendations
Analysts have a 12-month average target price of Rs 491.43, which is 9.1% higher than the current market price of Rs 449.
They have also given it a “buy” rating, with a potential upside of 14%.
The stock is currently trading at Rs 449.
Shareholders’ Equity
As on March 31, 2020, the Bank’s share capital comprises 4,122.07 crore equity shares having a face value of Rs. 2 each. The shareholders’ equity of the Bank stood at Rs. 98,420.09 crore comprising Share Capital of Rs. 48,846.01 crore, Reserves & Surplus of Rs. 49,574.08 crores, and a book value of investment revaluation reserves of Rs.240 crore.
Why Invest in ICICI Bank?
Why Invest in ICICI Bank?
With a strong focus on customer service, technology, and innovation, ICICI Bank has emerged as one of the leading banks in India. The bank offers a wide range of products and services to meet the needs of its customer base. It has also been aggressive in expanding its reach through branches and ATMs across India.
The bank’s shares have outperformed the broader markets over the last five years, delivering compound annual growth of around 20%. The shares currently trade at around Rs 290, valuing the bank at Rs 3 lakh crore (US$ 45 billion).
There are several reasons for optimism about ICICI Bank’s future prospects. First, the Indian economy is expected to continue growing at a healthy pace, which should support the demand for banking services. Second, ICICI Bank is well-positioned to benefit from the continued growth of digital banking in India. It has been a pioneer in introducing innovative products and services such as mobile banking and online account opening.
Third, the bank has made significant progress in reducing its non-performing assets (NPAs). Its gross NPAs stood at Rs 55,571 crore (US$ 8.4 billion) as of March 2018, down from Rs 81,683 crore (US$ 12.6 billion) a year earlier. This improvement is partly due to the RBI’s decision to provide one-time restructuring relief to certain stressed assets. Fourth, with a strong
Risks to Consider
When considering investing in ICICI Bank, there are a few risks to keep in mind. Firstly, the bank is heavily reliant on wholesale funding, which makes it vulnerable to liquidity risks. Secondly, the bank has high levels of non-performing assets (NPA), which could impact its profitability and solvency. Finally, the Indian banking sector is highly competitive, and ICICI Bank faces strong competition from both public and private sector banks.
ICICI Bank Share Price Target 2022
The ICICI Bank share price target for 2022 is Rs. 1100.
This target was set by Motilal Oswal Securities on the back of strong earnings growth prospects. The Indian banking sector is expected to benefit from the country’s strong economic growth prospects, and ICICI Bank is expected to be a key beneficiary.
The brokerage firm has also factored in the bank’s strong asset quality and capital position. It expects ICICI Bank to report a 20% growth in net profit in FY2020-21 and a 25% growth in FY2021-22.
At the current market price of Rs 970, the stock trades at 1.2 times FY2021 book value and 11 times estimated earnings for FY2022
ICICI Bank Share Price Target 2025
“ICICI Bank is one of the leading banks in India with a large customer base. The bank has been growing at a rapid pace and is expected to continue doing so in the future. The share price of ICICI Bank is currently trading at Rs. 410, and the stock has a 52-week high of Rs. 494.
The analysts at Motilal Oswal have set a target price of Rs. 2,025 for ICICI Bank shares by 2025. This target price represents a return potential of almost 400%. The analysts believe that the bank will continue to grow at a rapid pace and will benefit from the increasing demand for credit in India.
The current market capitalization of ICICI Bank is Rs. 2,70,000 crore and the stock trades at a PE ratio of 20x. The analysts believe that the bank is fairly valued at current levels and there is significant upside potential from here.”
ICICI Bank Share Price Target 2030
According to a report by ICICI Securities, the target price for ICICI Bank shares by 2030 is Rs 6,000. The report said that the growth in earnings of the bank is expected to be driven by an increase in interest income and other income, as well as a reduction in provisioning expenses.
The report also said that the focus on retail and SME lending, along with the bank’s efforts to reduce its dependence on wholesale funding, will help it navigate the current challenging environment.
With a strong capital position and a robust business model, ICICI Bank is well-positioned to capitalize on growth opportunities in the coming years.
ICICI Bank Share Price Target 2050
Analysts at ICICI Bank have set a share price target of Rs 6,000 for the bank’s shares by the year 2050. The target was based on the bank’s strong fundamentals, its history of delivering superior shareholder returns, and its sound management team.
The analysts believe that ICICI Bank is well-positioned to capitalize on the growing opportunity in India’s banking sector, which is expected to see strong growth in the coming years. They believe that the bank’s shares are currently undervalued and offer good upside potential.
ICICI Bank is one of India’s leading banks with a strong presence across retail, corporate, and investment banking. The bank has a wide network of branches and ATMs across the country and offers a range of products and services to meet the needs of its customers.
The bank has a strong track record of delivering superior shareholder returns. Over the past 5 years, ICICI Bank’s shares have delivered an annualized return of 21%. The bank has also declared attractive dividend payout ratios, with dividends amounting to 30% of its post-tax profits over this period.
ICICI Bank is led by a sound management team with extensive experience in banking and financial services. The team has successfully steered the bank through challenging times in the past and is well-equipped to navigate the challenges ahead.
ICICI Bank Share Price History Between 2000 -2015
Between 2000 and 2015, the ICICI Bank share price rose steadily, from a low of Rs. 55 to a high of Rs. 1,600. The bank’s share price was affected by global economic events, such as the 9/11 attacks and the 2008 financial crisis, but overall it remained strong. In recent years, the bank has been hit by scandals and bad news, which has caused its share price to drop sharply. However, it is still one of the largest banks in India and its share price is expected to recover in the long term.
