WallStSmart

ICICI Bank Limited (IBN)vsNatwest Group PLC (NWG)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

ICICI Bank Limited generates 12023% more annual revenue ($2.04T vs $16.81B). NWG leads profitability with a 37.7% profit margin vs 27.5%. IBN appears more attractively valued with a PEG of 0.53. IBN earns a higher WallStSmart Score of 71/100 (B).

IBN

Strong Buy

71

out of 100

Grade: B

Growth: 6.7Profit: 7.5Value: 6.3Quality: 3.5
Piotroski: 2/9Altman Z: -0.29

NWG

Strong Buy

68

out of 100

Grade: B-

Growth: 8.7Profit: 7.5Value: 5.7Quality: 5.0
Piotroski: 5/9Altman Z: -0.50

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

IBN5 strengths · Avg: 8.8/10
Operating MarginProfitability
38.5%10/10

Strong operational efficiency at 38.5%

Market CapQuality
$107.56B9/10

Large-cap with strong market position

Profit MarginProfitability
27.5%9/10

Keeps 28 of every $100 in revenue as profit

PEG RatioValuation
0.538/10

Growing faster than its price suggests

Price/BookValuation
2.7x8/10

Reasonable price relative to book value

NWG6 strengths · Avg: 9.3/10
P/E RatioValuation
9.8x10/10

Attractively priced relative to earnings

Profit MarginProfitability
37.7%10/10

Keeps 38 of every $100 in revenue as profit

Operating MarginProfitability
53.0%10/10

Strong operational efficiency at 53.0%

Market CapQuality
$77.32B9/10

Large-cap with strong market position

Debt/EquityHealth
0.159/10

Conservative balance sheet, low leverage

Price/BookValuation
3.0x8/10

Reasonable price relative to book value

Areas to Watch

IBN2 concerns · Avg: 2.5/10
Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Altman Z-ScoreHealth
-0.292/10

Distress zone — elevated risk

NWG2 concerns · Avg: 2.0/10
PEG RatioValuation
2.872/10

Expensive relative to growth rate

Altman Z-ScoreHealth
-0.502/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : IBN

The strongest argument for IBN centers on Operating Margin, Market Cap, Profit Margin. Profitability is solid with margins at 27.5% and operating margin at 38.5%. Revenue growth of 11.4% demonstrates continued momentum.

Bull Case : NWG

The strongest argument for NWG centers on P/E Ratio, Profit Margin, Operating Margin. Profitability is solid with margins at 37.7% and operating margin at 53.0%. Revenue growth of 14.5% demonstrates continued momentum.

Bear Case : IBN

The primary concerns for IBN are Piotroski F-Score, Altman Z-Score.

Bear Case : NWG

The primary concerns for NWG are PEG Ratio, Altman Z-Score.

Key Dynamics to Monitor

NWG carries more volatility with a beta of 0.81 — expect wider price swings.

NWG is growing revenue faster at 14.5% — sustainability is the question.

Monitor BANKS - REGIONAL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

IBN scores higher overall (71/100 vs 68/100), backed by strong 27.5% margins and 11.4% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

ICICI Bank Limited

FINANCIAL SERVICES · BANKS - REGIONAL · USA

ICICI Bank Limited offers various banking products and financial services in India and internationally. The company is headquartered in Mumbai, India.

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Natwest Group PLC

FINANCIAL SERVICES · BANKS - REGIONAL · USA

NatWest Group plc, provides banking and financial products and services to personal, commercial, corporate and institutional clients. The company is headquartered in Edinburgh, the United Kingdom.

Visit Website →

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