Skip to content
SBI Cards logo

SBI Cards & Payment Services

SBICARD NSE
₹553.00 +15.95 (+2.97%)
P/E
23.14
View as Markdown
MCP
Close 4 Nov 2026 ₹553.00 −317.20 −36.5% 1Y
Start ₹870.20

Key Fundamentals

MidcapFinanceFinancial Services

Price-based figures as of · EPS basis: Standalone · TTM

Debt to Equity
2.80
EPS (TTM)
₹23.90
Book Value
₹180.45
Market Cap
—
P/E (TTM)
23.14
P/B
3.06
ROE
14.70%
Dividend Yield
0.47%
52W High
₹906.40
52W Low
₹519.05
Day Range
₹534.25 – ₹554.90
Volume
11,29,260
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › NBFC › Non Banking Financial Company (NBFC)

SBI Cards peer comparison
Bajaj Finance
₹994.0028.53₹6,11,015 Cr5.020.62%18.20%—₹90,331 Cr₹22,067 Cr
Shriram Finance
₹908.7515.19₹2,13,704 Cr1.920.73%16.40%—₹51,877 Cr₹12,688 Cr
Cholamandalam Investment
₹1,658.0024.45₹1,42,243 Cr4.100.12%19.40%—₹32,663 Cr₹5,751 Cr
Tata Capital
₹337.7526.24₹1,41,036 Cr2.930.17%12.40%—₹32,695 Cr₹5,478 Cr
Muthoot Finance
₹2,709.809.57₹1,04,354 Cr2.481.19%30.90%—₹33,431 Cr₹11,457 Cr
L&T Finance
₹263.7020.75₹63,912 Cr2.261.09%11.20%—₹18,898 Cr₹3,198 Cr
SBI Cards (this company)
₹553.0023.14₹52,160 Cr3.060.47%14.70%—₹20,063 Cr₹2,275 Cr
Median 7 companies₹908.7523.14₹1,41,036 Cr2.930.62%16.40%—₹32,695 Cr₹5,751 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

50 Average

Data confidence 94/100

Category scores

Quality
71
Strong
Returns, margins, earnings quality 22% weight
Valuation
58
Good
Cheap vs sector & own history 24% weight
Growth
32
Poor
Sales & profit trajectory 9% weight
Financial Health
59
Good
Solvency, leverage, coverage 9% weight
Momentum
14
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

2
  • Stock is trading at 3.40 times its book value
  • Dividend payout has been low at 11.1% of profits over last 3 years

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish955
OscillatorsNeutral252
Moving AveragesStrong Bearish703

Key readings

RSI (14)
46.11
Neutral
MACD (12,26,9)
−16.82
Bullish
SMA (50)
598.88
Bearish
SMA (200)
655.71
Bearish

As of

Analyst Rating

Based on 24 analysts
BUY46%

11 of 24 analysts rate Buy, 6 Hold, 7 Sell.

As of

BUY
11
46%
HOLD
6
25%
SELL
7
29%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+23.60%
5Y+16.43%
3Y+13.34%
1Y+10.11%
TTM+7.92%

Net profit

Net profit growth by window
10Y+22.53%
5Y+17.08%
3Y−1.36%
1Y+13.10%
TTM+21.20%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹3,347 Cr
Mar 2018₹5,195 Cr
Mar 2019₹7,017 Cr
Mar 2020₹9,281 Cr
Mar 2021₹9,301 Cr
Mar 2022₹10,679 Cr
Mar 2023₹13,670 Cr
Mar 2024₹16,986 Cr
Mar 2025₹18,074 Cr
Mar 2026₹19,901 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹373 Cr
Mar 2018₹601 Cr
Mar 2019₹865 Cr
Mar 2020₹1,245 Cr
Mar 2021₹985 Cr
Mar 2022₹1,616 Cr
Mar 2023₹2,258 Cr
Mar 2024₹2,408 Cr
Mar 2025₹1,916 Cr
Mar 2026₹2,167 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹2,192 Cr
Reported High Mean Low

Analyst consensus here uses a different definition from reported ebitda (they differ 2.7× on periods where both exist), so the forecast is shown on its own rather than joined to the reported line.

AI Analysis — Bull vs Bear

Figures as of 4 Nov 2026
AI opinion · based on fundamentals
Risk high

SBI Cards & Payment Services Ltd trades at ₹553 as of 2026-11-04 with a market cap of ₹52,160 crore and a P/E of 23.14x. The company has a strong long-term growth track record with 10-year compounded profit growth of 23%, but recent performance has moderated with 3-year profit growth turning negative at -1% and the stock declining 39% over the past year from its 52-week high of ₹906.4.

Bull Case 7
  • Strong long-term revenue compounding with 10-year sales CAGR of 24%, reflecting sustained secular growth in India's digital payments ecosystem
  • 10-year compounded profit growth of 23% demonstrates the company's ability to scale profitably over extended periods
  • TTM profit growth of 21% signals a recovery in earnings momentum after a period of stagnation
  • ROCE of 18.31% as of 2026-11-04 indicates the business generates healthy returns on total capital employed
  • 10-year average ROE of 20% reflects a structurally high-return business model in the credit card space
  • 5-year compounded sales growth of 16% and profit growth of 17% show the company sustained double-digit expansion through a challenging macro period
  • P/E of 23.14x is significantly compressed from historically elevated levels, given the stock's 39% decline over the past year
Bear Case 8
  • 3-year compounded profit growth of -1% indicates earnings stagnated over a meaningful medium-term period despite revenue growing at 13% over the same stretch
  • Stock has destroyed significant shareholder value with 1-year return of -39%, 3-year CAGR of -10%, and 5-year CAGR of -13%
  • Price-to-book ratio of 3.06x (reported at 3.40x book value) is elevated for a financial services company whose ROE has declined to 13.78% currently from a 10-year average of 20%
  • ROE has trended down from a 10-year average of 20% to 15% last year and further to 13.78% as of 2026-11-04, signalling deteriorating return efficiency
  • Dividend payout has been low at 11.1% of profits over the last 3 years, with the current yield at just 0.47%, offering minimal income return to shareholders
  • TTM revenue growth of 8% marks a notable deceleration from the 5-year CAGR of 16% and 10-year CAGR of 24%, raising questions about growth sustainability
  • The gap between revenue growth (8% TTM) and profit growth (21% TTM) suggests earnings recovery may be driven by margin expansion or one-off factors rather than top-line momentum
  • Stock is trading 39% below its 52-week high of ₹906.4, reflecting persistent selling pressure and weakened market confidence in the business trajectory

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Limited recent news flow for SBI Cards. The company launched a new domestic cashback card product (Eternal SBI Card) on Oct 15, which signals continued efforts to diversify its card portfolio but has no immediate material financial impact. No headwinds or distinctly bullish catalysts are visible in the current news cycle. Watch for upcoming quarterly results and credit quality trends for directional cues.

Neutral 1
  • New cashback card launched Oct 15

    SBI Cards launched the Eternal SBI Card, a domestic cashback product, on October 15, 2026, with disclosures filed to BSE and NSE under SEBI regulations.

Quarterly Results

₹ Cr
SBICARD quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
3,912
4,087
4,622
4,348
4,359
4,421
4,619
4,674
4,877
4,961
5,127
4,934
5,041
Expenses
2,631
2,760
3,258
2,811
2,867
3,173
3,372
3,320
3,439
3,742
3,785
3,625
3,537
Financing Profit
710
722
668
813
725
461
419
559
625
459
557
596
759
Fin. Margin %
18%
18%
14%
19%
17%
10%
9%
12%
13%
9%
11%
12%
15%
Other Income
134
134
120
127
124
135
148
158
158
176
226
253
165
Interest
571
605
695
724
767
788
829
795
813
760
785
714
745
Depreciation
48
47
51
52
49
50
49
−2
35
35
34
32
31
PBT
797
809
738
888
799
545
518
719
748
600
749
816
893
Tax %
26%
26%
26%
25%
26%
26%
26%
26%
26%
26%
26%
25%
26%
Net Profit
593
603
549
662
594
404
383
534
556
445
557
609
664
EPS (₹)
6.27
6.37
5.78
6.97
6.25
4.25
4.03
5.61
5.84
4.67
5.85
6.4
6.98
Gross NPA %
2.41%
2.43%
2.64%
2.76%
3.06%
3.27%
3.24%
3.08%
3.07%
2.85%
2.86%
2.41%
2.04%
Net NPA %
0.89%
0.89%
0.96%
0.99%
1.11%
1.19%
1.18%
1.46%
1.42%
1.29%
1.28%
1.04%
0.83%

Profit & Loss

₹ Cr
SBICARD profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
1,822
2,392
3,347
5,195
7,017
9,281
9,301
10,679
13,670
16,986
18,074
19,901
20,063
Expenses
1,255
1,617
2,366
3,715
4,887
6,618
7,223
7,953
9,444
11,460
12,731
14,587
14,689
Financing Profit
189
339
452
769
1,121
1,362
1,034
1,699
2,579
2,931
2,164
2,243
2,371
Fin. Margin %
10%
14%
14%
15%
16%
15%
11%
16%
19%
17%
12%
11%
12%
Other Income
82
100
124
175
270
471
413
622
615
498
565
806
819
Interest
378
436
528
712
1,009
1,301
1,043
1,027
1,648
2,595
3,178
3,072
3,003
Depreciation
1
1
5
24
55
104
123
149
164
197
147
136
132
PBT
271
438
572
919
1,335
1,730
1,324
2,172
3,031
3,232
2,581
2,913
3,058
Tax %
1%
35%
35%
35%
35%
28%
26%
26%
25%
25%
26%
26%
—
Net Profit
267
284
373
601
865
1,245
985
1,616
2,258
2,408
1,916
2,167
2,275
EPS (₹)
3.4
3.62
4.75
7.66
10.33
13.26
10.47
17.14
23.87
25.32
20.14
22.77
23.9
Div. Payout %
15%
28%
21%
0%
10%
8%
0%
15%
10%
10%
12%
11%
—

Balance Sheet

₹ Cr
SBICARD balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
785
785
785
785
837
939
941
943
946
951
951
952
Reserves
181
370
664
1,568
2,751
4,402
5,362
6,810
8,884
11,133
12,830
14,774
Borrowing
4,699
5,928
8,268
11,413
13,549
17,573
17,895
22,982
31,110
39,891
44,947
44,064
Other Liabilities
593
797
1,048
1,920
3,009
2,393
2,816
3,913
4,606
6,196
6,817
6,539
Total Liabilities
6,257
7,880
10,765
15,686
20,146
25,307
27,013
34,648
45,546
58,171
65,546
66,328
Fixed Assets
2
2
24
242
196
311
308
439
551
542
320
219
CWIP
0
0
0
35
20
24
10
14
23
22
10
12
Investments
0
0
0
0
1
1
958
1,297
2,140
3,519
6,235
6,374
Other Assets
6,256
7,878
10,741
15,409
19,928
24,971
25,737
32,898
42,832
54,088
58,980
59,723
Total Assets
6,257
7,880
10,765
15,686
20,146
25,307
27,013
34,648
45,546
58,171
65,546
66,328

Cash Flow

₹ Cr
SBICARD cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−879
−1,158
−2,235
−2,891
−2,327
−4,063
692
−4,391
−6,671
−5,653
−2,140
493
Investing
1
1
−1
128
−76
−77
−997
−538
−921
−1,255
−2,491
245
Financing
1,008
1,141
2,244
2,953
2,824
3,923
432
5,045
7,824
8,401
4,687
−1,172
Net Cash Flow
130
−17
9
190
422
−218
127
115
232
1,492
55
−434
Free Cash Flow
−879
−1,158
−2,236
−2,931
−2,423
−4,141
635
−4,491
−6,764
−5,728
−2,196
459

Ratios

SBICARD financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
31%
27%
29%
32%
29%
28%
17%
23%
26%
22%
15%
15%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view SBI Cards insights

58 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 68.86%
  • DIIs 20.20%
  • FIIs 7.12%
  • Public 3.29%
  • Others 0.54%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about SBI Cards & Payment Services

What does SBI Cards & Payment Services Ltd do?
SBI Cards and Payment Services Limited is a non-deposit accepting systemically important nonbanking financial company registered with the RBI. The Company is engaged in issuing credit cards to consumers in India. It is headquartered in Gurgaon, Haryana.
Where is SBI Cards & Payment Services Ltd (SBICARD) listed?
SBI Cards & Payment Services Ltd trades as SBICARD on the NSE and under code 543066 on the BSE.
Which sector does SBI Cards & Payment Services Ltd belong to?
SBI Cards & Payment Services Ltd is classified under the Financial Services sector, in the NBFC industry.
What is the PE ratio of SBI Cards & Payment Services Ltd?
SBI Cards & Payment Services Ltd trades at a PE ratio of 23.14 as of 4 Nov 2026, on earnings per share of ₹23.9, against a book value of ₹180.45 per share.
What is the 52-week high and low of SBI Cards & Payment Services Ltd?
Over the last 52 weeks SBI Cards & Payment Services Ltd has traded between ₹519.05 and ₹906.4 as of 4 Nov 2026.
Does SBI Cards & Payment Services Ltd pay dividends?
SBI Cards & Payment Services Ltd has a dividend yield of 0.47%.
What is the Return on Equity (ROE) of SBI Cards & Payment Services Ltd?
SBI Cards & Payment Services Ltd reported a return on equity of 14.70%. Its debt-to-equity ratio is 2.80.

Company Information

SBI Cards and Payment Services Limited is a non-deposit accepting systemically important nonbanking financial company registered with the RBI. The Company is engaged in issuing credit cards to consumers in India. It is headquartered in Gurgaon, Haryana. It is a subsidiary of India’s largest commercial bank, the State Bank of India.

Website sbicard.com
Listed 16 Mar 2020
Face Value ₹10

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/SBICARD.md for SBI Cards & Payment Services Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More NBFC & Finance stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month