A Stock To Back: How ICICI Bank Yielded 18,582% Returns

Published by Trinkerr Academy on

If you had invested ₹1L in ICICI Bank in September 2002, you would have had ₹1.95 crores today! This multibagger gave its investors returns of ₹1,85,82,775 and dividends of ₹10,13,148 with the growth of 185x in 20 years. Let’s take a quick look at the company.

💳 Stock: ICICI Bank Ltd.

🌱 About the Company
ICICI Bank is one of the biggest private banks in the country. It offers diversified services such as banking, brokerage and insurance. Presently, the bank operates a network of 5,300 branches and 15,200 ATMs across India. 30% of its branches are located in metro cities. ICICI Bank’s international presence consists of operations in the USA, Singapore, Bahrain, Hong Kong, Dubai, China, UK, Canada and Germany. It operates in Canada, UK and Germany through its wholly-owned subsidiaries.

🔎 Standing Out From The Crowd
ICICI Bank has a well-diversified loan book where retail advances account for 66% of the loan book, followed by corporate advances at 24%. The rest is lent to SMEs and international customers. ICICI Bank has issued about 1 crore credit cards to date. It also issues co-branded credit cards in partnership with Amazon and has issued over 14 lakh credit cards. 72% of the bank’s domestic loan book is rated A or better, while the rest is rated B or lower.

Popular Subsidiaries of the Bank:
🏦 ICICI Prudential Life Insurance Co. Ltd.
🏦 ICICI Lombard General Insurance Co. Ltd.
🏦 ICICI Prudential Asset Management Co. Ltd.
🏦 ICICI Securities Ltd.
🏦 ICICI Securities Primary Dealership Ltd.

💰 Stock Value
📅 On December 4, 2014, a stock split in the ratio of 10:2 (3816 x 5)
📅 On June 20, 2017, a bonus issue in the ratio of 1:10 (19,080 x 1.1)
The effective number of shares went from 3816 to 20,988.

On October 7, 2002, the company’s shares were trading at ₹26.20, while they were priced at ₹885.40 as of October 06, 2022.

Categories: Multibaggers


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