Do ICICI Bank's (NSE:ICICIBANK) Earnings Warrant Your Attention?
Mar 04
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Indian (NIFTY) Banks Industry Analysis
UpdatedMar 13, 2025
DataAggregated Company Financials
Companies41
- 7D-0.4%
- 3M-10.9%
- 1Y-0.2%
- YTD-6.3%
Over the last 7 days, the Banks industry has remained flat, although notably IndusInd Bank declined by 31%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 7.3% annually.
Industry Valuation and Performance
Has the Indian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 14 Mar 2025 | ₹46.6t | ₹14.3t | ₹3.9t | 9.2x | 11.9x | 3.3x |
| Sun, 09 Feb 2025 | ₹48.6t | ₹14.3t | ₹3.9t | 10.4x | 12.3x | 3.4x |
| Tue, 07 Jan 2025 | ₹48.5t | ₹14.1t | ₹3.8t | 9.7x | 12.9x | 3.5x |
| Thu, 05 Dec 2024 | ₹52.6t | ₹14.1t | ₹3.8t | 10.4x | 13.9x | 3.7x |
| Sat, 02 Nov 2024 | ₹50.6t | ₹14.0t | ₹3.7t | 10.2x | 13.5x | 3.6x |
| Mon, 30 Sep 2024 | ₹52.0t | ₹13.7t | ₹3.6t | 10.6x | 14.4x | 3.8x |
| Wed, 28 Aug 2024 | ₹50.6t | ₹13.7t | ₹3.6t | 10.9x | 14x | 3.7x |
| Fri, 26 Jul 2024 | ₹50.8t | ₹13.5t | ₹3.6t | 11.9x | 14.3x | 3.8x |
| Sun, 23 Jun 2024 | ₹51.4t | ₹13.1t | ₹3.4t | 12.2x | 14.9x | 3.9x |
| Tue, 21 May 2024 | ₹48.6t | ₹13.2t | ₹3.5t | 11.9x | 14x | 3.7x |
| Thu, 18 Apr 2024 | ₹47.7t | ₹11.9t | ₹3.2t | 12x | 15.1x | 4x |
| Sat, 16 Mar 2024 | ₹46.6t | ₹11.9t | ₹3.2t | 11.4x | 14.7x | 3.9x |
| Mon, 12 Feb 2024 | ₹46.7t | ₹11.9t | ₹3.2t | 11.8x | 14.8x | 3.9x |
| Wed, 10 Jan 2024 | ₹45.3t | ₹11.1t | ₹3.0t | 12x | 14.9x | 4.1x |
| Fri, 08 Dec 2023 | ₹44.5t | ₹11.1t | ₹3.0t | 12.5x | 14.7x | 4x |
| Sun, 05 Nov 2023 | ₹41.0t | ₹10.8t | ₹3.0t | 12.4x | 13.7x | 3.8x |
| Tue, 03 Oct 2023 | ₹42.5t | ₹10.3t | ₹2.8t | 13.6x | 15.1x | 4.1x |
| Thu, 31 Aug 2023 | ₹40.9t | ₹10.3t | ₹2.8t | 13x | 14.5x | 4x |
| Sat, 29 Jul 2023 | ₹41.7t | ₹10.0t | ₹2.7t | 13.7x | 15.7x | 4.2x |
| Mon, 26 Jun 2023 | ₹36.3t | ₹9.5t | ₹2.5t | 10.9x | 14.5x | 3.8x |
| Wed, 24 May 2023 | ₹36.6t | ₹9.8t | ₹2.5t | 12.5x | 14.7x | 3.7x |
| Fri, 21 Apr 2023 | ₹35.5t | ₹8.7t | ₹2.4t | 11x | 15.1x | 4.1x |
| Sun, 19 Mar 2023 | ₹33.3t | ₹8.6t | ₹2.3t | 10.6x | 14.2x | 3.9x |
| Tue, 14 Feb 2023 | ₹34.8t | ₹8.6t | ₹2.3t | 11.9x | 14.9x | 4x |
| Thu, 12 Jan 2023 | ₹36.1t | ₹8.1t | ₹2.1t | 14.5x | 17x | 4.4x |
| Sat, 10 Dec 2022 | ₹37.0t | ₹8.1t | ₹2.1t | 14.3x | 17.4x | 4.5x |
| Mon, 07 Nov 2022 | ₹34.1t | ₹8.1t | ₹2.1t | 13.5x | 16.1x | 4.2x |
| Wed, 05 Oct 2022 | ₹31.8t | ₹7.8t | ₹1.9t | 14.1x | 16.7x | 4.1x |
| Fri, 02 Sep 2022 | ₹32.0t | ₹7.8t | ₹1.9t | 14.5x | 16.9x | 4.1x |
| Sun, 31 Jul 2022 | ₹30.4t | ₹7.7t | ₹1.9t | 13.3x | 16.2x | 3.9x |
| Tue, 28 Jun 2022 | ₹27.5t | ₹7.6t | ₹1.8t | 13.3x | 15.6x | 3.6x |
| Thu, 26 May 2022 | ₹27.9t | ₹7.9t | ₹1.8t | 13.6x | 15.9x | 3.5x |
| Sat, 23 Apr 2022 | ₹29.5t | ₹7.4t | ₹1.5t | 13.6x | 19.2x | 4x |
| Mon, 21 Mar 2022 | ₹29.7t | ₹7.3t | ₹1.5t | 13x | 19.6x | 4.1x |
Price to Earnings Ratio
19.6x
Current Industry PE
- Investors are pessimistic on the Indian Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 11.9x which is lower than its 3-year average PE of 15.1x.
- The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 37% per year over the last three years.
- Revenues for these companies have grown 25% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Financials industry?
| IN Market | -0.03% | |
| Financials | -0.23% | |
| Banks | -0.36% | |
| Diversified Banks | -0.29% | |
| Regional Banks | -4.26% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry, which is trading close to its 3-year average PE ratio of 12.0x.
- Analysts are expecting annual earnings growth of 20.6%, which is higher than its past year's earnings decline of 9.9% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 15.0x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings decline of 9.9% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 7.0% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ICICIBANK ICICI Bank | ₹1.25k | 2.6% +₹226.1b | 15.4% | PB3x | |
| 500247 Kotak Mahindra Bank | ₹1.98k | 3.3% +₹125.7b | 13.9% | PB2.7x | |
| HDFCBANK HDFC Bank | ₹1.71k | 0.9% +₹117.8b | 17.3% | PB2.6x | |
| UJJIVANSFB Ujjivan Small Finance Bank | ₹35.26 | 4.0% +₹2.7b | -27.1% | PB1.2x | |
| FINOPB Fino Payments Bank | ₹223.04 | 10.4% +₹1.7b | -22.7% | PB2.7x |