ICICI BankBUE:IBN -0.09%75 Net Margin % is 23.58% as of Mar. 2026, which is 19% above its 10-year median of 19.83. GuruFocus rates BUE:IBN with a GF Score™ of 75/100 and a GF Value™ of ARS45,499.36 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,527 Banks companies, ICICI Bank ranks worse than 58.55% on this metric.
Net margin is calculated as Net Income divided by its Revenue. ICICI Bank's Net Income for the
three
months ended in Mar. 2026 was ARS2,222,753 Mil. ICICI Bank's Revenue for the
three
months ended in Mar. 2026 was ARS9,425,284 Mil. Therefore, ICICI Bank's net margin for the quarter that ended in Mar. 2026 was 23.58%.
The historical rank and industry rank for ICICI Bank's Net Margin % or its related term are showing as below:
BUE:IBN'
s Net Margin % Range Over the Past 10 Years
Min: 5.04 Med: 19.83 Max: 28.85
Current: 24.3
BUE:IBN's Net Margin % is ranked worse than 58.55% of 1527
companies
in the Banks industry
Industry Median: 26.95
vs BUE:IBN: 24.30
ICICI Bank (BUE:IBN) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
ICICI Bank Net Margin % Related Terms
ICICI Bank Net Margin % Historical Data
* Premium members only.
The historical data trend for ICICI Bank's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, ICICI Bank's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
ICICI Bank Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, ICICI Bank's Net Margin % distribution charts can be found below:
* The bar in red indicates where ICICI Bank's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ICICI Bank (BUE:IBN) has a Net Margin % of 23.58% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on ICICI Bank and its competitors. This is 19% above median its historical median of 19.83. Over the past decade, ICICI Bank's Net Margin % has ranged from 5.04 to 28.85. According to the industry distribution chart, ICICI Bank ranks #894 out of 1527 companies in the Banks industry, placing it in the top 58.5%.
Is ICICI Bank's Net Margin % too high?
ICICI Bank's current Net Margin % of 23.58% is 19% above median its 10-year median of 19.83. Over the past 10 years, this metric has ranged from a low of 5.04 to a high of 28.85. The Banks industry median Net Margin % is 26.95. ICICI Bank's value of 23.58% is 12.5% below this industry median. Based on the distribution chart, ICICI Bank ranks #894 out of 1527 companies in the Banks industry, which is below the industry midpoint. Overall, ICICI Bank has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ICICI Bank's Net Margin % compare to PNC?
According to the Banks industry distribution chart, ICICI Bank ranks #894 out of 1527 companies for Net Margin %. This places ICICI Bank in the lower half of its industry. The industry median Net Margin % is 26.95. ICICI Bank's value of 23.58% is 12.5% below this benchmark. Historically, ICICI Bank's own Net Margin % has ranged from 5.04 to 28.85 over the past decade. While the company's 10-year median is 19.83 vs. the industry median of 26.95, ICICI Bank has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Banks company?
The median Net Margin % among Banks companies is 26.95, based on 1,527 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ICICI Bank's current Net Margin % of 23.58% is 12.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on ICICI Bank and its competitors. For the Banks industry, the median Net Margin % is 26.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICICI Bank's current Net Margin % is 23.58%, which is 19% above median its own 10-year median of 19.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICICI Bank stock overvalued right now?
Based on GuruFocus' analysis, ICICI Bank (BUE:IBN) is currently considered Fairly Valued. The stock's GF Value™ is ARS45,499.36, compared to a current price of ARS44,940.00 — trading 1.2% below its estimated fair value. The current Net Margin % is 23.58%, which is 19% above median its 10-year median of 19.83 and 12.5% below the Banks industry median of 26.95. ICICI Bank's overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For ICICI Bank (BUE:IBN), the current Net Margin % is 23.58% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ICICI Bank (BUE:IBN) Overvalued in 2026?
Based on GuruFocus' analysis, ICICI Bank stock appears to be undervalued.
The current stock price of ARS44,940.00 is trading 1.2% below its estimated GF Value™ of ARS45,499.36.
GuruFocus considers ICICI Bank to be Fairly Valued.
Key valuation signals for BUE:IBN:
Net Margin %: 23.58% (19% above median its 10-year median of 19.83)
GF Value™: ARS45,499.36 vs. price of ARS44,940.00 (1.2% below fair value)
Industry Position: 12.5% below the Banks median (#894 of 1527)
No single metric tells the full story. See the BUE:IBN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ICICI Bank Ltd provides banking services. The company's operating segments include Retail Banking; Wholesale Banking; Treasury, Life insurance, Other Banking Business, and Others. The company generates maximum revenue from the Retail Banking segment which includes exposures of the Bank, which satisfy the four qualifying criteria of a regulatory retail portfolio as stipulated by RBI guidelines on the Basel III framework as well as includes income from credit cards, debit cards, third party product distribution, and the associated costs. Geographical segments include Domestic operations and Foreign operations. The company generates the majority of its revenue from the domestic operations.
75GF Score
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