Finance
Valuation | |
|---|---|
| Market Cap | 79.9 kCr |
| Price/Earnings (Trailing) | 41.65 |
| Price/Sales (Trailing) | 4.04 |
| EV/EBITDA | 13.01 |
| Price/Free Cashflow | -40.51 |
| MarketCap/EBT | 30.92 |
| Enterprise Value | 76.74 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -2.7% |
| Price Change 1M | 0.60% |
| Price Change 6M | -6.1% |
| Price Change 1Y | 11.5% |
| 3Y Cumulative Return | 3.1% |
| 5Y Cumulative Return | -2.5% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) |
| Revenue (TTM) |
| 19.77 kCr |
| Rev. Growth (Yr) | 12.7% |
| Earnings (TTM) | 1.92 kCr |
| Earnings Growth (Yr) | 10% |
Profitability | |
|---|---|
| Operating Margin | 13% |
| EBT Margin | 13% |
| Return on Equity | 12.97% |
| Return on Assets | 2.75% |
| Free Cashflow Yield | -2.47% |
| -2.49 kCr |
| Cash Flow from Operations (TTM) | -2.14 kCr |
| Cash Flow from Financing (TTM) | 4.69 kCr |
| Cash & Equivalents | 3.15 kCr |
| Free Cash Flow (TTM) | -2.2 kCr |
| Free Cash Flow/Share (TTM) | -23.08 |
Balance Sheet | |
|---|---|
| Total Assets | 69.86 kCr |
| Total Liabilities | 55.07 kCr |
| Shareholder Equity | 14.79 kCr |
| Net PPE | 191.08 Cr |
| Inventory | 0.00 |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | -0.19 |
| Interest/Cashflow Ops | 0.34 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 5 |
| Dividend Yield | 0.59% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.90% |
Profitability: Recent profitability of 10% is a good sign.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: It is among the top 200 market size companies of india.
Momentum: Stock has a weak negative price momentum.
Past Returns: Underperforming stock! In past three years, the stock has provided 3.1% return compared to 12.5% by NIFTY 50.
Technicals: SharesGuru indicator is Bearish.
Profitability: Recent profitability of 10% is a good sign.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: It is among the top 200 market size companies of india.
Momentum: Stock has a weak negative price momentum.
Past Returns: Underperforming stock! In past three years, the stock has provided 3.1% return compared to 12.5% by NIFTY 50.
Technicals: SharesGuru indicator is Bearish.
Investor Care | |
|---|---|
| Dividend Yield | 0.59% |
| Dividend/Share (TTM) | 5 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 20.16 |
Financial Health | |
|---|---|
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 46.32 |
| RSI (5d) | 7.57 |
| RSI (21d) | 51.3 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal | Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
Updated May 4, 2025
SBI Cards reported a 19% decline in profit to Rs 534 crore for the March quarter due to increased defaults.
Gross non-performing assets increased to 3.08%, indicating potential challenges ahead.
Impairment losses surged to Rs 1,245 crore due to rising bad loans, impacting overall profitability.
Summary of SBI CARDS AND PAYMENT SERVICES's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
The management of SBI Cards and Payment Services provided an optimistic outlook during the Q1 FY26 earnings call, despite a cautious overall industry environment. The Managing Director, Salila Pande, highlighted significant transformational changes in India's payments ecosystem, driven by digital infrastructure and evolving consumer needs. The credit card industry is projected to double to 200 million cards by FY28-29, with a compounded annual growth rate (CAGR) of approximately 15%.
SBI Cards maintains a strong market position with a 19.1% market share in cards and 16.6% in card spend as of June 2025. Strategic priorities outlined by management include expanding the credit card portfolio, enhancing digital onboarding and servicing, focusing on Tier 2 and Tier 3 markets, and leveraging data intelligence for improved customer insights. In Q1 FY26, SBI Cards added over 8.73 lakh new accounts, leading to a total of approximately 2.12 crore cards in force, reflecting a 10% year-over-year growth.
Financially, total revenue reached Rs.5,035 crore, up 12% year-over-year, while PAT was Rs.556 crore, reflecting a 6% decline year-over-year but a 4% increase quarter-over-quarter. The company expects its credit cost to remain range-bound between the current and previous quarter's levels, primarily affected by external factors and the recent model refresh of the expected credit loss (ECL) calculations.
Management also anticipates interest costs to decrease by 25-30 basis points in Q2 FY26, continuing their focus on driving profitable and sustainable growth, while proactively managing asset quality through advanced risk controls.
Understand SBI CARDS AND PAYMENT SERVICES ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| State Bank of India | 68.59% |
| Life Insurance Corporation Of India - P & Gs Fund | 6.11% |
| Icici Prudential Multi-Asset Fund | 3.64% |
| SBI General Insurance Company Limited | 0% |
| Arunachal Pradesh Rural Bank | 0% |
| C-Edge Technologies Limited | 0% |
| Chhattisgarh Rajya Gramin Bank |
Detailed comparison of SBI CARDS AND PAYMENT SERVICES against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| HDFCBANK | HDFC Bank | 14.32 LCr | 4.84 LCr | -5.40% | +12.70% | 20.79 | 2.96 | - | - |
| ICICIBANK | ICICI Bank | 10.08 LCr |
Comprehensive comparison against sector averages
SBICARD metrics compared to Finance
| Category | SBICARD | Finance |
|---|---|---|
| PE | 41.65 | 29.51 |
| PS | 4.04 | 5.99 |
| Growth | 8.3 % | 13.4 % |
SBI Cards and Payment Services is a Non Banking Financial Company (NBFC) operating in India, with the stock ticker SBICARD.
The company has a significant market capitalization of Rs. 82,187.7 Crores and is headquartered in Gurugram, India. Established in 1998, SBI Cards specializes in issuing credit cards to both individual and corporate customers.
In addition to credit card services, SBI Cards functions as a corporate insurance agent, providing insurance policies to its credit card holders. The company also offers various specialized card products, including corporate cards, central travel cards, utility cards, and both purchase and virtual cards.
Financially, SBI Cards has demonstrated robust performance with a trailing 12-month revenue of Rs. 18,636.7 Crores and a profit of Rs. 1,916.3 Crores in the last four quarters. Over the past three years, the company has achieved an impressive revenue growth of 64.9%.
Investors benefit from dividend distributions, with a yield of 0.58% per annum and a recent return of Rs. 5 per share. However, it’s important to note that the company has diluted its shareholders’ holdings by 0.9% over the past three years. SBI Cards and Payment Services operates as a subsidiary of the State Bank of India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
SBICARD vs Finance (2021 - 2026)
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Here are the major questions asked during the Q&A section of the earnings call along with detailed answers provided by the management:
Question: Your ECL reset happened in the 1st Quarter and the 4th Quarter credit costs were lower. When you say range bound, do you think it reverts to the 4th Quarter level or range bound at the 1st Quarter level?
Answer: I expect the ECL rates to settle somewhere between what we observed in the last quarter and the current quarter. The model refresh increased ECL rates, but we also noticed a rise in Net Earning Assets that balances the outlook.
Question: Receivable growth is down to 7%. Are you still confident of 13% to 15% growth for the year?
Answer: The retail segment is experiencing muted growth currently. While we see an uptick during festive seasons, we expect receivable growth to be around 10% to 12%, slightly below the initial guidance but still positive.
Question: So, the last repo rate cut of June is pending to be passed on by the banks; is that the reason why margins have stayed stable Q-o-Q?
Answer: Our margin has improved due to a 20 basis point reduction in the cost of funds, despite the pending benefits from the June repo rate cut, which we expect to fully materialize in Q2, potentially lowering our cost of funds by 25 to 30 basis points.
Question: Can you provide insight into customer acquisition of the new portfolio behavior? Also, are you facing competitive intensities in the EMI portfolio?
Answer: We are cautious in underwriting new accounts, which improved our risk profile significantly. As for competition in EMI, while the market is expansive, we are optimistic as we see our EMI portfolio growing steadily.
Question: What is the outlook for medium-term credit cost?
Answer: I cannot provide a firm guidance for the full year. However, I anticipate that the credit cost will be between the previous quarter's levels and the current quarter due to varying external factors affecting leverage.
Question: What proportion of your book have you tightened the spending limit?
Answer: We have tightened limits for about early-teens of our overall portfolio. This cautious approach ensures we only onboard quality accounts as we navigate these challenging times.
Question: Is the higher leverage levels the reason for subdued confidence in credit cost improvements?
Answer: Yes, leverage significantly influences credit costs. While we see solid performance in new acquisitions, legacy customers under stress influence our projections, creating uncertainty about broader credit cost reductions.
Question: What is your ESG agenda and how are you tracking sustainability metrics?
Answer: ESG is integral to our operations, overseen by Board members. We actively track our contributions to the community and environment, ensuring the sustainability of our initiatives rather than treating it as a checkbox exercise.
| 0% |
| Jharkhand Rajya Gramin Bank | 0% |
| Meghalaya Rural Bank | 0% |
| Mizoram Rural Bank | 0% |
| Nagaland Rural Bank | 0% |
| Oman India Joint Investment Fund Management Company Private Limited | 0% |
| Oman India Joint Investment Fund - Trustee Company Private Limited | 0% |
| Rajasthan Gramin Bank | 0% |
| SBICAP Securities Limited | 0% |
| SBICAP Trustee Company Limited | 0% |
| SBI Capital Markets Limited | 0% |
| SBI Ventures Limited (Formerly Known as SBICAP Ventures Limited) | 0% |
| SBI DFHI Limited | 0% |
| SBI Foundation | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| 3.05 LCr |
| +4.30% |
| +13.00% |
| 18.66 |
| 3.3 |
| - |
| - |
| BAJFINANCE | Bajaj Finance | 5.91 LCr | 76.24 kCr | -4.90% | +30.90% | 21.79 | 7.76 | - | - |
| AXISBANK | AXIS Bank | 4.02 LCr | 1.59 LCr | +5.70% | +24.70% | 12.21 | 2.54 | - | - |
| KOTAKBANK | Kotak Mahindra Bank | 83.17 kCr | 1.03 LCr | -3.80% | +15.80% | 19.39 | 0.81 | - | - |
| -6.5% |
| 760 |
| 813 |
| 795 |
| 829 |
| 788 |
| 767 |
| Depreciation and Amortization | 0% | 35 | 35 | -1.69 | 49 | 50 | 49 |
| Fees and commission expenses | 44.1% | 269 | 187 | 195 | 144 | 148 | 147 |
| Impairment on financial instruments | -4.4% | 1,293 | 1,352 | 1,245 | 1,313 | 1,212 | 1,101 |
| Other expenses | 16.3% | 2,022 | 1,739 | 1,725 | 1,763 | 1,664 | 1,486 |
| Profit Before exceptional items and Tax | -19.8% | 600 | 748 | 719 | 518 | 545 | 799 |
| Total profit before tax | -19.8% | 600 | 748 | 719 | 518 | 545 | 799 |
| Current tax | -15.3% | 178 | 210 | 165 | 160 | 201 | 227 |
| Deferred tax | -26.5% | -22.98 | -17.95 | 19 | -26.07 | -59.78 | -22.38 |
| Tax expense | -19.4% | 155 | 192 | 184 | 134 | 141 | 205 |
| Total profit (loss) for period | -20% | 445 | 556 | 534 | 383 | 404 | 594 |
| Other comp. income net of taxes | 119.9% | 1.65 | -2.26 | 2.81 | 1.1 | 0.77 | -2.26 |
| Total Comprehensive Income | -19.5% | 446 | 554 | 537 | 384 | 405 | 592 |
| Reserve excluding revaluation reserves | - | - | - | - | - | - | - |
| Earnings Per Share, Basic | -24.2% | 4.67 | 5.84 | 5.62 | 4.03 | 4.25 | 6.251 |
| Earnings Per Share, Diluted | -24.2% | 4.67 | 5.84 | 5.61 | 4.03 | 4.25 | 6.245 |
| Debt equity ratio | 0.1% | 0.0331 | 0.032 | 0.0324 | 0.03 | 0.03 | 0.032 |