ICICI Bank Limited (ICICIBANK.BO) stock analysis

In our weekly check, ICICI Bank Limited is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 16 pass, warnings: 1, red flags: 7.

About ICICI Bank Limited

ICICI Bank Limited is a Financial Services company (Banks - Regional) based in India, listed on BSE as ICICIBANK.BO.

What our checks show for ICICIBANK.BO

Red flags

• Profits not backed by cash
• Analysts expect revenue to shrink about 18.3% a year.
• The stock has fallen as much as 82% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 5 years.
• Return on capital (ROCE) is only 2.5%.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Free cash flow is only 0% of revenue.

Strengths

• The net margin rose by 3 points over 5 years, to 19%.
• The gross margin is 68.6% and has risen by 5.8 points: pricing power is holding.
• Analysts expect earnings per share to grow about 13.4% a year over the next years.
• Analysts expect the net margin to improve by 24 points from today's 19%.
• Revenue grew 18.7% a year over the last 3 years.
• Earnings per share grew 19.1% a year over the last 3 years.

Next earnings report: 2027-01-18

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Questions

What grade does ICICI Bank Limited (ICICIBANK.BO) have?

In our weekly check, ICICI Bank Limited is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 16 pass, warnings: 1, red flags: 7. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of ICICIBANK.BO stock?

This week's biggest flags for ICICI Bank Limited: Profits not backed by cash, Weak revenue forecast, Deep past fall. In total 8 of 24 checks show a warning or a red flag.

What does ICICI Bank Limited do?

ICICI Bank Limited is a Financial Services company (Banks - Regional) based in India, listed on BSE as ICICIBANK.BO.

When does ICICI Bank Limited report earnings next?

The next earnings report is expected on 2027-01-18. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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