icici strategic analysis
DESCRIPTION
SWOT and VRIO AnalysisTRANSCRIPT
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ConclusionRiskFinancialCompanyIndustry
Source: Reserve Bank of Indias Report on Trend and Progress of Banking in IndiaFY15 Data
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ConclusionRiskFinancialCompanyIndustry
413495
597
819 857
977
1174
1342 1313 1349
14791415*
FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16
Source: Reserve Bank of IndiaFY16 Data Till May, 29
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ConclusionRiskFinancialCompanyIndustry
57.6
67.1
76.4
103.4 102.17 102.88
17.9 18.2 20.2
28.7 30.65 31.38
6.4 5.8 5.9 7.68 7.78 7.6
FY09 FY10 FY11 FY12 FY13 FY14
Public Banks Private Banks Foreign Banks
Source: Reserve Bank of India,Indian Banking Association
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ConclusionRiskFinancialCompanyIndustry
4.43%
3.48% 3.54%3.81%
HDFC ICICI SBI AXIS
Axi
s Ti
tle
Source: Company Reports
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ConclusionRiskFinancialCompanyIndustry
4.46%
1.83%
4.02%
Public Sector Private Sector Foreign Banks
Source: Indian Banking Association
1.53
2.01
2.56
0.46 0.420.660.61
1.01 1.09
2012 2013 2014
Public Sector Private Sector Foreign Banks
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ConclusionRiskFinancialCompanyIndustry
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ConclusionRiskFinancialCompanyIndustry
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ConclusionRiskFinancialCompanyIndustry
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ConclusionRiskFinancialCompanyIndustry
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ConclusionRiskFinancialCompanyIndustry
53.9
66.9
76.4 74.8
84.189.7
103.8
FY09 FY10 FY11 FY12 FY13 FY14 FY15
Source: Reserve Bank of India
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ConclusionRiskFinancialCompanyIndustry
896 971
1403
1729
2044
2415 2435
2011 2012 2013 2014 2015F 2016F 2017F
Source: Reserve Bank of IndiaBusiness Monitor International (BMI)
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ConclusionRiskFinancialCompanyIndustry
Market Profile
Bloomberg Ticker ICICIBC IN
Closing Price 283.5
52 week Price Range 267.15 393.40
Market Capitalization 1645.78 billion
EPS (ttm) 21.60
Beta 0.34
P/E (TTM) 13.12
29.02%
62.58%
8.39%
70.97%
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ConclusionRiskFinancialCompanyIndustry
Retail Banking29.5%
Wholesale Banking29.9%
Treasury39.2%
Others1.4%
Domestic Operations
91.6%
Foreign Operations
8.4%
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ConclusionRiskFinancialCompanyIndustry
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ConclusionRiskFinancialCompanyIndustry
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ConclusionRiskFinancialCompanyIndustry
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ConclusionRiskFinancialCompanyIndustry
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ConclusionRiskFinancialCompanyIndustry
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ConclusionRiskFinancialCompanyIndustry
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ConclusionRiskFinancialCompanyIndustry
IN MILLIONS INR FY 2014 FY 2015 FY 2016E FY 2017E FY 2018E
SALES 269034 312157 35175 414291 518869
ROAA 1.7 1.8 1.8 2 2.1
PAT 98105 111754 127699 161754 185471
P/E 17.9 15.8 13.8 10.9 11.2
0%
5%
10%
15%
20%
25%
30%
2013 2014 2015 2016E 2017E 2018E
0
100,000
200,000
300,000
400,000
500,000
600,000% Growth Revenue
3%
3%
3%
3%
3%
3%
3%
4%
4%
2013 2014 2015 2016E 2017E 2018E
0
50
100
150
200
250
300
350
400NIM(%)
40.49%
38.25%
36.83%
35.14%34.64%
33.89%
2013 2014 2015 2016 2017 2018
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ConclusionRiskFinancialCompanyIndustry
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RBI Policy Changes
Volatility in Forex Rates
Overdependence on
domestic market
Asset Liability Mismatch
Bad Credit Quality of Loans
Compliance Failures
Industry wise default
Pro
bab
ility
Impact
low
mo
der
ate
hig
h
insignificant moderate severe
Credit Market
Regulatory Operational
ConclusionRiskFinancialCompanyIndustry
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ConclusionRiskFinancialCompanyIndustry