TickerKhojComparison · NSE · data 2026-11-02
Axis Bank Limited vs ICICI Bank Limited
In plain words
Size: ICICI Bank Limited is about 2.6 times the market value of Axis Bank Limited.
Valuation (P/E): ICICI Bank Limited 17.1 vs Axis Bank Limited 12.7.
Return on equity: ICICI Bank Limited 16% vs Axis Bank Limited 13.1%.
Profit growth over 3 years: Axis Bank Limited 34.6% a year vs ICICI Bank Limited 16.8% a year.
Debt to equity: Axis Bank Limited 1.55 vs ICICI Bank Limited 0.65.
Differences in the numbers, not a recommendation of either stock.
Side by side
| AXISBANK | ICICIBANK | |
|---|---|---|
| Price | ₹1,214.8 | ₹1,395.7 |
| Market cap | ₹3,78,247 cr | ₹10,01,029 cr |
| P/E | 12.7 | 17.1 |
| P/B | 1.6 | 2.6 |
| ROE | 13.1% | 16.0% |
| ROCE | 2.5% | 3.8% |
| Debt / equity | 1.55 | 0.65 |
| Operating margin | 40.8% | 35.0% |
| Dividend yield | 0.08% | 0.86% |
| Sales growth, 3 years (yearly) | 15.4% | 18.9% |
| Profit growth, 3 years (yearly) | 34.6% | 16.8% |
| 1-year return | -2.3% | 2.9% |
| Revenue, last 12 months | ₹1,70,928 cr | ₹3,29,246 cr |
| Net profit, last 12 months | ₹29,950 cr | ₹59,066 cr |
| Latest quarter | Sept 2026 | Sept 2026 |
| Quarter net profit | ₹7,705 cr | ₹16,333 cr |
| Quarter profit vs a year earlier | +39.4% | +22.3% |
| Promoter holding | 7.86% | — |
| Health check | Average (5.8/10) | Average (5.3/10) |
Common questions
Which has a higher P/E, Axis Bank Limited or ICICI Bank Limited?
ICICI Bank Limited trades at the higher P/E (17.1 against 12.7). A higher P/E means the market pays more for each rupee of past earnings; on its own it does not say which is better.
Which earns a higher return on equity?
ICICI Bank Limited (16.0% against 13.1%).
Which carries more debt?
Axis Bank Limited has the higher debt-to-equity ratio (1.55 against 0.65).