Banking

ICICI BANK SHARE PRICE TARGET 2023,2025, 2030: CAN IT REACH 5000INR?

ICICI BANK SHARE PRICE TARGET 2023,2025, 2030: CAN IT REACH 5000INR?

ICICI Bank, one of India’s leading private sector banks, is now on a growth trajectory in recent years. ICICI Bank has caught considerable interest of investors interested in purchasing its shares because of its solid financial performance and wide range of products and services. Looking ahead, it’s important to look at ICICI Bank’s share price target for the next few years, specifically from 2023 to 2030. In this article, we will look at the anticipated growth trajectory of ICICI Bank’s share price, in addition to the factors influencing its stock market performance. We will also consider regardless of whether ICICI Bank is a good stock to purchase for long-term investors.

ICICI Bank Q4 Results

ICICI Bank Ltd. reported an increase in its consolidated net profit of approximately 28% on year to 9,852.70 crore for the quarter that ended in March (Q4FY23). The biggest private sector lender reported a rise in net profit for the March quarter of approximately 30%, or 9,121.87 crore, on an individual basis.

  • In Q4FY23, the private players’ total revenue jumped to 36,108.88 crore from 27,412.32 crore, while their overall costs rose to 22,282.50 crore from 17,119.38 crores.
  • Overall provisions for the firm increased to 1,619.80 crore from 1,068.95 crore year over year but declined from 2,257.44 crore sequentially. Gross non-performing assets as a proportion of all loans were 2.81% as of March 31, 2023, down from 3.60% a year earlier and 3.07% a quarter earlier.

Latest news about ICICI Bank

➤In order to turn ICICI Lombard General Insurance into a wholly owned subsidiary of ICICI Bank, the board of directors of the lender approved a rise in the lender’s investment in the business.The bank intends to purchase a further 4% share in various tranches,

➤For the month of June 2023, ICICI Bank updated its marginal cost-based lending rates (MCLR).One-month MCLR has been lowered by ICICI Bank from 8.50% to 8.35%.

➤Subject to shareholder approval, the board of directors of ICICI Bank has authorised the reappointment of Hari Mundra, B. Sriram, and S. Madhavan as Independent Directors for a second term. The new term for Mundra will begin on October 26, 2023, and end on October 25, 2024.

How to purchase ICICI Bank shares?

Below are the trading platforms that you can use to purchase ICICI Bank shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

ICICI Bank Share Price Prediction of : 2023 to 2030

ICICI Bank Share Price Prediction 2023

When Maximum Price Minimum Price
June 2023 ₹1050.01 ₹740.00
July 2023 ₹1,154.41 ₹888.00
August 2023 ₹1,269.85 ₹976.81
September 2023 ₹1,333.34 ₹1,025.65
October 2023 ₹1,269.85 ₹976.81
November 2023 ₹1,396.83 ₹1,074.49
December 2023 ₹1,564.45 ₹1,203.42

The table represents the ICICI Bank share price prediction for the year 2023. As per the table, the maximum price for ICICI Bank share is expected to be ₹1,564.45 in December 2023, while the minimum price is anticipated to be ₹616.67 in May 2023. This indicates a significant fluctuation in the share price throughout the year.

The ICICI Bank share price is expected to follow a bullish trend with an overall growth percentage of around 125% for the year 2023. However, the growth percentage is not consistent throughout the year, and the share price is likely to experience both highs and lows in the upcoming months.

ICICI Bank Share Price Prediction 2024

When Maximum Price Minimum Price
January 2024 ₹1,646.79 ₹1,266.76
February 2024 ₹1,850.33 ₹1,541.94
March 2024 ₹1,947.71 ₹1,583.51
April 2024 ₹1,770.65 ₹1,362.04
May 2024 ₹1,475.54 ₹1,135.03
June 2024 ₹1,770.65 ₹1,362.04
July 2024 ₹1,505.05 ₹1,166.71
August 2024 ₹1,655.56 ₹1,313.93
September 2024 ₹1,738.33 ₹1,337.18
October 2024 ₹2,045.10 ₹1,573.15
November 2024 ₹2,147.35 ₹1,651.81
December 2024 ₹2,190.30 ₹1,684.85

The table represents the ICICI Bank share price target for the year 2024. As per the table, the maximum share price target for ICICI Bank is expected to be ₹2,190.30 in December 2024, while the minimum share price target is anticipated to be ₹1,135.03 in May 2024. This indicates a significant difference between the highest and lowest share price target for the year.

The ICICI Bank share price target for 2024 suggests a positive return on investment for the investors, as the overall growth percentage is expected to be around 92% for the year. However, the share price target is not expected to follow a consistent bullish trend throughout the year, and the investors need to be cautious while investing in ICICI Bank shares.

ICICI Bank Share Price Prediction 2025

When Maximum Price Minimum Price
January 2025 ₹2,234.11 ₹1,718.54
February 2025 ₹2,351.69 ₹1,808.99
March 2025 ₹2,469.27 ₹1,899.44
April 2025 ₹2,204.71 ₹1,695.93
May 2025 ₹2,004.28 ₹1,541.75
June 2025 ₹2,204.71 ₹1,695.93
July 2025 ₹2,099.72 ₹1,615.17
August 2025 ₹2,187.21 ₹1,682.47
September 2025 ₹2,296.57 ₹1,766.59
October 2025 ₹2,434.37 ₹1,872.59
November 2025 ₹2,604.77 ₹2,003.67
December 2025 ₹2,656.87 ₹2,043.74

The table provides the ICICI Bank share price target for the year 2025. As per the table, the maximum share price target is anticipated to be ₹2,656.87 in December 2025, while the minimum share price target is expected to be ₹1,541.75 in May 2025. This indicates a considerable difference between the highest and lowest share price targets for the year.

Based on the data in the table, the average target for ICICI Bank’s share price in 2025 is around ₹2,269.77, which indicates an upside potential of approximately 58% from the current levels. However, investors need to keep in mind that the share price target for ICICI Bank in 2025 is subject to market volatility, and there are risks and uncertainties associated with investing in the stock market.

ICICI Bank Share Price Prediction 2026-2030

Year Maximum Price Minimum Price
2023 ₹1,564.45 ₹616.67
2024 ₹2,190.30 ₹1,266.76
2025 ₹2,656.87 ₹1,695.93
2026 ₹1,859.81 ₹1,301.87
2027 ₹1,580.84 ₹1,106.59
2028 ₹2,845.51 ₹1,991.85
2029 ₹5,845.11 ₹4,091.58
2030 ₹6,509.33 ₹4,556.53

Looking at the data for ICICI Bank’s share price targets from 2026 to 2030, it seems that the company may face some challenges as the share price is expected to fluctuate. The maximum price target in 2026 is ₹1,859.81, while the minimum price target is ₹1,301.87. However, in 2028, the maximum price target is expected to increase significantly to ₹2,845.51, which is almost double the previous year’s maximum price target. Similarly, in 2029, the maximum price target is expected to increase further to ₹5,845.11, which is a substantial increase from the previous years. However, the minimum price target in 2029 is still quite high at ₹4,091.58, indicating that there is a potential for significant growth in the company’s share price in the coming years. In 2030, the average price target for ICICI Bank’s share price is expected to be around ₹6,509.33, with a minimum target of ₹4,556.53, indicating a significant upside potential for investors. However, it is important to note that these are only estimates, and the actual performance of the company’s shares may vary based on a range of factors.

Financial Condition of ICICI Bank: Last 5 years

Narration Mar-18 Mar-19 Mar-20 Mar-21 Mar-22
Sales 62,162.35 71,981.65 84,835.77 89,162.66 95,406.87
Expenses 72,806.44 83,774.86 85,360.75 91,308.98 80,798.37
Operating Profit -10,644.09 -11,793.21 -524.98 -2,146.32 14,608.50
Other Income 56,806.75 59,324.85 64,950.33 72,029.53 62,129.45
Depreciation 922.14 945.84 1,171.22 1,340.07 1,330.01
Interest 34,262.05 39,177.54 44,665.52 42,659.09 41,166.67
Profit before tax 10,978.47 7,408.26 18,588.61 25,884.05 34,241.27
Tax 1,878.92 1,719.10 7,363.14 5,664.37 8,457.44
Net profit 7,712.19 4,254.24 9,566.31 18,384.32 25,110.10
EPS 12 6.6 14.78 26.58 36.14
Price to earning 23.2 60.69 21.91 21.9 20.21
Price 278.35 400.5 323.75 582.1 730.3
RATIOS:
Dividend Payout 12.50% 15.15% 0.00% 7.52% 13.84%
OPM 0.00% 0.00% 0.00% 0.00% 15.31%

Over the last five years, ICICI Financial Bank has witnessed both positive and negative growth. In terms of revenue, the bank has experienced consistent growth, with its sales increasing from 62,162.35 in March 2018 to 95,406.87 in March 2022, indicating a growth of 53.31%. However, the bank’s expenses have also increased, with a maximum of 91,308.98 in March 2021 and a minimum of 72,806.44 in March 2018. As a result, the bank’s operating profit has been fluctuating over the years, reaching a maximum of 14,608.50 in March 2022.

Additionally, the bank has experienced substantial growth in its net profit over the years. Its net profit has increased from 7,712.19 in March 2018 to 25,110.10 in March 2022, indicating a growth of 225.94%. The financial data of the company allows us to state that the Earnings per share have increased to 48.68 in June 2023 from 33.44 in March 2022, indicating a positive trend in the company. The bank has also maintained a consistent dividend payout, with a maximum of 15.15% in March 2019 and a minimum of 0.00% in March 2020.

In conclusion, ICICI Financial Bank has shown positive growth in terms of revenue and net profit over the last five years, despite fluctuations in its operating profit and expenses. The bank’s financial ratios have also improved, reflecting its growth potential and profitability.

ICICI Bank share price target by Experts

Sharekhan on ICICI BANK Ltd share price target

Sharekhan has suggested investors to invest in ICICI Bank Ltd. He stated that you can continue buying ICICI BANK shares with an expected price of Rs 970.

Motilal Oswal on ICICI BANK Ltd share price target

Shivangi Sarda from Motilal Oswal recommends to buy shares of ICICI Bank with a predicted price of Rs 1150.

LKP Securities on ICICI BANK Ltd share price target

LKP Securities insist to buy ICICI Bank with a price projection of Rs 1058.

Nuvama Equities on ICICI BANK Ltd share price target

The firm has increased the stock’s ‘buy’ rating and updated the target price to 1,180.

Kotak Equities Equities on ICICI BANK Ltd share price target

‘Buy’ is to be maintained with a constant fair value of 1,070, said the firm.

FAQS

What is ICICI Bank’s share price target for 2023?

ICICI Bank’s share price target for 2023 is not certain, but market analysts have predicted a growth of approximately 10-12% from the current price.

What is ICICI Bank’s share price target for 2024?

ICICI Bank’s share price target for 2024 is also uncertain, but analysts predict a growth of around 15-20% from the current price.

What is ICICI Bank’s share price target for 2025?

ICICI Bank’s share price target for 2025 is not fixed, but experts predict a growth of approximately 20-25% from the current price.

What factors will affect ICICI Bank’s share price in the coming years?

ICICI Bank’s share price will be affected by several factors, including the overall market condition, the bank’s financial performance, global economic conditions, and any regulatory changes.

What is the current price-to-earnings ratio for ICICI Bank?

As of March 2022, ICICI Bank’s price-to-earnings ratio is 19.53.

How has ICICI Bank’s revenue growth been over the past five years?

ICICI Bank’s revenue has grown by approximately 52.94% over the past five years.

How has ICICI Bank’s net profit grown over the last five years?

ICICI Bank’s net profit has grown by around 225.94% over the past five years.

What is the forecasted revenue growth for ICICI Bank between 2022 and 2027?

The forecasted revenue growth for ICICI Bank between 2022 and 2027 is approximately 18.2% CAGR.

What is the expected net profit growth for ICICI Bank between 2022 and 2027?

The expected net profit growth for ICICI Bank between 2022 and 2027 is around 14.6% CAGR.

Is ICICI Bank a good investment option for the long term?

Based on its robust financial performance and growth potential, ICICI Bank is considered a good investment option for the long term.

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Conclusion

Finally, ICICI Bank has shown remarkable growth during the past five years, with revenues rising by 52.94% and net profit increasing by 225.94%. Earnings per share at the bank have increased from 12 in March 2018 to 48.68 in June 2023, while the ratio of price to earnings has remained largely unchanged, ranging between 20.21 and 60.69 over the last five years. These encouraging signs are likely to entice investors to purchase ICICI Bank stock.

According to market researchers, ICICI Bank’s income growth will continue in the coming years, with income expected to grow at an 18.2% CAGR between 2022 and 2027. Investors seeking a lucrative and secure banking stock should consider purchasing ICICI Bank.

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