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The companies balance sheet of ICICI Bank is weak, but was strong historically.
Yes, profit is increasing.
The profit of ICICI Bank is ₹52,068 Crs for TTM, ₹44,256 Crs for Mar 2024 and ₹34,037 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
ICICI Bank latest dividend payout ratio is 15.87% and 3yr average dividend payout ratio is 15.37%
Company has been allocating majority of new resources to productive uses like loans.
However relatively unproductive allocation like cash and Gov Securities has also increased.