ICICI Bank vs Axis Bank: share price, P/E, ROE and financials compared
ICICI Bank
Axis Bank
ICICI Bank and Axis Bank at a glance
ICICI Bank and Axis Bank are both listed in Financial Services. ICICI Bank is the larger by market cap, at ₹11.3L Cr against ₹4.1L Cr for Axis Bank (2.7 times as large). On valuation, Axis Bank has the lower P/E (13.8× against 19.3×) and the lower price-to-book (1.78× against 2.89×). On returns and margins, ICICI Bank has the higher ROE (16.5% against 13.9%). Over three years, Axis Bank has faster 3-year profit growth (+34.6% against +16.8% a year). Both are lenders or insurers, so ROCE, operating margin and debt-to-equity aren’t compared: those ratios don’t fit financial balance sheets.
Key metrics, side by side
| Metric | ICICI BankICICIBANK | Axis BankAXISBANK |
|---|---|---|
| Price (₹) | 1,571.20 | 1,322.90 |
| Market cap (₹ Cr) | 11,28,255 | 4,11,985 |
| P/E | 19.3× | 13.8× (the lower figure, shaded) |
| P/B | 2.89× | 1.78× (the lower figure, shaded) |
| Dividend yield, trailing | 0.76% (the higher figure, shaded) | 0.08% |
| ROE | 16.5% (the higher figure, shaded) | 13.9% |
| ROCE | n/m | n/m |
| Operating margin (OPM) | n/m | n/m |
| Net margin (NPM) | 27.8% | 37.0% (the higher figure, shaded) |
| Sales CAGR 3Y | n/m | n/m |
| Profit CAGR 3Y | +16.8% | +34.6% (the higher figure, shaded) |
| Debt to equity | n/m | n/m |
| Interest cover | n/m | n/m |
| Net profit TTM (₹ Cr) | 59,066 | 29,950 |
| 1Y return | +12.2% (the higher figure, shaded) | +4.4% |
| Promoter holding | 0.00% | 7.86% |
ICICI Bank vs Axis Bank: common questions
Which is bigger, ICICI Bank or Axis Bank?
By market cap, ICICI Bank is bigger at ₹11.3L Cr, against ₹4.1L Cr for Axis Bank (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹59,066 Cr for ICICI Bank and ₹29,950 Cr for Axis Bank.
Which has a lower P/E ratio, ICICI Bank or Axis Bank?
ICICI Bank trades at a P/E of 19.3× and Axis Bank at 13.8×. Axis Bank has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, ICICI Bank or Axis Bank?
ICICI Bank reports a return on equity of 16.5% and Axis Bank 13.9%. ICICI Bank has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, ICICI Bank or Axis Bank?
Over the last three years: profit grew +16.8% a year at ICICI Bank and +34.6% at Axis Bank, so Axis Bank grew profit faster. Past growth doesn’t predict future growth.