Q1 FY26 Highlights
• Net Profit (PAT): ₹12,768.21 Cr → +15.5% YoY
• Net Interest Income (NII): ₹21,635.46 Cr → +10.6% YoY
• NIM: 4.13% (slight dip, still healthy)
• Gross NPA: ↓13.9% YoY → stronger asset quality
• Net NPA: 0.41% (best among peers)
• CET1 Capital Adequacy: 16.31% (very strong)
Valuation Check
• P/E Ratio: ~19.35× (fair; HDFC ~21.37×)
• P/B Ratio: ~3.3× (premium vs Axis ~2.5×, justified by ROE)
• ROE: ~17% (closing gap with HDFC’s 18–19%)
• Loan Growth: +11.5% YoY (Business Banking +29.7%, Retail +6.9%)
Technical Lens
• Consolidating between ₹1382 – ₹1510.
• A Cup & Handle breakout is forming with strong support at ₹1382.
• RSI 50–60 → momentum building, not overheated.
• MACD bearish → short-term weakness, but part of larger bullish setup.
• Breakout above ₹1510 could target ₹1650+; failure = range-bound.
Takeaway
🎯Investors: Fundamentals + RSI strength point to healthy long-term momentum.
🎯Traders: Cup & Handle favors a bullish breakout above ₹1510. Entry depends on your risk appetite — aggressive vs safe confirmation.
The Big Question
Will ICICI Bank rise to dominate private banking in the next 5 years, or will HDFC Bank retain its crown?
Your View
When valuing banks — do you rely more on P/E or P/B, and what pitfalls do you watch for?
