SBI
SBIN NSE
SBI
Financial Services F&ONSE: SBIN BSE: 500112 Banks
Key Fundamentals
LargecapPublic Sector BankBanksMarket Cap
9.2L Cr
Volatility
Moderate
P/E Ratio
10.66
EBITDA
1.2L Cr
Return on Equity
13.85%
Debt to Equity
0
Book Value
₹636.49
EPS
₹81.94
52W High
₹1,234.7
52W Low
₹810.4
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has been maintaining a healthy dividend payout of 18.6%
Weaknesses
4- Company has low interest coverage ratio.
- Contingent liabilities of Rs.43,52,830 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.1,99,967 Cr.
Growth Rate
Revenue Growth
7.43% lower than
3Y
Net Income Growth
7.78% lower than
3Y
Cash Flow Change
-16.24% lower than
3Y
ROE
-11.5% lower than
3Y
ROCE
-7.36% lower than
3Y
EBITDA Margin (Avg.)
-1.81% lower than
3Y
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoAI opinion · based on fundamentals
Risk medium
State Bank of India, India's largest public sector bank with a market cap of ~Rs.9.2 lakh crore, trades at a PE of 10.3x and PB of 1.58x. The bank has delivered a 5-year compounded profit growth of 30% and maintains a 3-year average ROE of 17%, though recent TTM growth in both sales and profit has moderated to 6%.
Bull Case 7
- Attractive valuation at PE of 10.3x, well below the broader market average, reflecting a potential margin of safety for a systemically important bank
- Strong 5-year compounded profit CAGR of 30%, indicating a significant earnings recovery and turnaround over the medium term
- Healthy 3-year ROE of 17% and 5-year ROE of 16%, showing consistent improvement in return on equity from the 10-year average of 11%
- Stock price CAGR of 23% over 1 year and 20% over 3 years demonstrates sustained re-rating driven by improving fundamentals
- Dividend yield of 1.72% with a consistent payout ratio of 18.6%, providing a steady income component for shareholders
- Massive market cap of Rs.9,20,108 crore underscores its dominant position as India's largest bank, benefiting from scale, distribution reach, and implicit sovereign backing
- 5-year compounded sales growth of 13% reflects steady expansion in the loan book and interest income over a longer cycle
Bear Case 8
- TTM revenue and profit growth have both decelerated to just 6%, a sharp slowdown from the 3-year CAGR of 14% for both metrics, raising questions about near-term earnings momentum
- Contingent liabilities stand at a massive Rs.43,52,830 crore, which could crystallize into actual losses and impair the balance sheet under adverse scenarios
- Low interest coverage ratio suggests vulnerability to margin compression or asset quality deterioration in a stressed macro environment
- Other income of Rs.1,99,967 crore forms a significant portion of earnings, raising concerns about the sustainability and quality of reported profits
- Potential capitalization of interest costs may flatter reported earnings and understate the true cost base of the bank
- Price-to-book ratio of 1.58x, while reasonable, leaves limited room for further re-rating if ROE (last year at 15%) does not continue to expand from current levels
- 10-year compounded sales CAGR of only 9% highlights that long-term top-line growth has been modest for a bank of this scale, reflecting the structural constraints of public sector banking
- As a public sector bank, SBI remains exposed to government-directed lending priorities and policy decisions that may not always align with shareholder value maximization
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 2h ago Positives 1
- Targets ₹200L cr by 2030 Aug 24
SBI Chairman Setty targets doubling total business to ₹200 lakh crore by 2030, requiring 11-12% annual growth from the current base.
Neutral 1
- Active institutional investor engagement Aug 21
SBI held one-on-one meetings with Axis MF, Fidelity International, Morgan Stanley, and Ashmore on Aug 17, and scheduled a Morgan Stanley-organized virtual investor interaction for Aug 27, 2026.
TL;DR: SBI is signaling confidence with an ambitious target to double its business to ₹200 lakh crore by 2030 at 11-12% annual growth. Active engagement with top-tier institutional investors like Fidelity, Morgan Stanley, and Ashmore suggests sustained foreign and domestic interest. No headwinds surfaced in recent news flow. The near-term outlook hinges on whether the bank can maintain execution against its growth targets while keeping asset quality stable.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,01,460 | 1,07,391 | 1,12,868 | 1,17,469 | 1,18,242 | 1,21,045 | 1,24,654 | 1,26,840 | 1,25,729 | 1,28,040 | 1,30,386 | 1,31,080 | 1,36,240 |
| Expenses | 49,080 | 59,365 | 62,635 | 65,418 | 53,996 | 62,709 | 64,890 | 74,438 | 59,496 | 72,265 | 76,799 | 75,050 | 64,930 |
| Financing Profit | -5,665 | -14,930 | -17,858 | -18,593 | -7,455 | -15,283 | -17,634 | -25,825 | -12,034 | -22,227 | -25,196 | -23,923 | -10,938 |
| Fin. Margin % | -6% | -14% | -16% | -16% | -6% | -13% | -14% | -20% | -10% | -17% | -19% | -18% | -8% |
| Other Income | 30,873 | 36,865 | 33,103 | 47,445 | 33,883 | 42,758 | 43,200 | 52,722 | 41,263 | 50,884 | 55,262 | 49,999 | 43,821 |
| Interest | 58,045 | 62,955 | 68,092 | 70,644 | 71,701 | 73,619 | 77,397 | 78,227 | 78,266 | 78,002 | 78,783 | 79,953 | 82,248 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 25,208 | 21,936 | 15,245 | 28,852 | 26,428 | 27,474 | 25,566 | 26,897 | 29,229 | 28,657 | 30,067 | 26,076 | 32,884 |
| Tax % | 26% | 25% | 26% | 25% | 26% | 26% | 25% | 26% | 26% | 25% | 27% | 23% | 25% |
| Net Profit | 19,094 | 16,648 | 11,598 | 22,203 | 20,094 | 20,565 | 19,484 | 20,379 | 22,121 | 21,861 | 22,176 | 20,508 | 25,121 |
| EPS in Rs | 20.77 | 18.04 | 12.4 | 23.96 | 21.65 | 22.17 | 21.12 | 21.96 | 23.76 | 22.9 | 23.09 | 21.28 | 26.12 |
| Gross NPA % | — | 2.53% | — | — | — | 2.13% | — | — | — | — | — | — | — |
| Net NPA % | — | 0.63% | — | — | — | 0.52% | — | — | — | — | — | — | — |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,07,974 | 2,20,633 | 2,30,447 | 2,28,970 | 2,53,322 | 2,69,852 | 2,78,115 | 2,89,973 | 3,50,845 | 4,39,189 | 4,90,313 | 5,14,933 | 5,25,747 |
| Expenses | 96,675 | 1,09,985 | 1,45,666 | 1,69,065 | 1,66,104 | 1,72,909 | 1,92,821 | 1,97,349 | 2,04,303 | 2,39,750 | 2,52,043 | 2,78,781 | 2,89,045 |
| Financing Profit | -21,879 | -32,399 | -64,334 | -86,697 | -68,649 | -64,181 | -70,715 | -63,570 | -43,439 | -60,297 | -62,674 | -78,853 | -82,284 |
| Fin. Margin % | -11% | -15% | -28% | -38% | -27% | -24% | -25% | -22% | -12% | -14% | -13% | -15% | -16% |
| Other Income | 49,315 | 52,828 | 68,193 | 77,557 | 77,365 | 98,159 | 1,07,222 | 1,17,000 | 1,22,534 | 1,55,386 | 1,73,031 | 1,97,711 | 1,99,967 |
| Interest | 1,33,179 | 1,43,047 | 1,49,115 | 1,46,603 | 1,55,867 | 1,61,124 | 1,56,010 | 1,56,194 | 1,89,981 | 2,59,736 | 3,00,943 | 3,15,005 | 3,18,986 |
| Depreciation | 1,581 | 2,252 | 2,915 | 3,105 | 3,496 | 3,662 | 3,711 | 3,691 | 3,696 | 3,849 | 3,991 | 4,830 | 0 |
| PBT | 25,855 | 18,177 | 945 | -12,245 | 5,220 | 30,317 | 32,796 | 49,739 | 75,399 | 91,240 | 1,06,365 | 1,14,028 | 1,17,683 |
| Tax % | 32% | 30% | 141% | -66% | 41% | 40% | 26% | 27% | 25% | 25% | 26% | 25% | — |
| Net Profit | 17,832 | 13,019 | -97 | -3,749 | 3,351 | 21,140 | 23,888 | 37,183 | 57,750 | 69,543 | 80,523 | 86,666 | 89,665 |
| EPS in Rs | 22.76 | 15.75 | 0.3 | -5.11 | 2.58 | 22.15 | 25.11 | 39.64 | 62.35 | 75.17 | 86.91 | 90.24 | 93.39 |
| Div. Payout % | 15% | 17% | 859% | 0% | 0% | 0% | 16% | 18% | 18% | 18% | 18% | 19% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 747 | 776 | 797 | 892 | 892 | 892 | 892 | 892 | 892 | 892 | 892 | 923 |
| Reserves | 1,60,641 | 1,79,816 | 2,16,395 | 2,29,429 | 2,33,603 | 2,50,168 | 2,74,669 | 3,04,696 | 3,58,039 | 4,14,047 | 4,86,144 | 5,95,208 |
| Borrowing | 2,44,663 | 3,61,399 | 3,36,366 | 3,69,079 | 4,13,748 | 3,32,901 | 4,33,796 | 4,49,160 | 5,21,152 | 6,39,610 | 6,10,857 | 7,77,302 |
| Deposits | 20,52,961 | 22,53,858 | 25,99,811 | 27,22,178 | 29,40,541 | 32,74,161 | 37,15,331 | 40,87,411 | 44,68,536 | 49,66,537 | 54,39,898 | 60,43,097 |
| Other Liabilities | 2,40,149 | 2,76,472 | 2,88,391 | 2,94,860 | 2,99,676 | 3,39,364 | 4,20,926 | 5,18,719 | 6,05,796 | 7,12,669 | 7,75,938 | 9,04,646 |
| Total Liabilities | 26,99,161 | 30,72,321 | 34,41,760 | 36,16,439 | 38,88,460 | 41,97,486 | 48,45,615 | 53,60,878 | 59,54,415 | 67,33,756 | 73,13,730 | 83,21,176 |
| Fixed Assets | 12,924 | 15,415 | 51,189 | 42,035 | 39,941 | 39,608 | 41,600 | 41,032 | 45,880 | 46,072 | 47,716 | 59,772 |
| CWIP | 400 | 786 | 695 | 925 | 762 | 470 | 116 | 28 | 66 | 42 | 41 | 78 |
| Investments | 6,73,507 | 8,07,375 | 10,27,281 | 11,83,794 | 11,19,270 | 12,28,284 | 15,95,100 | 17,76,490 | 19,13,108 | 21,10,548 | 22,05,601 | 23,59,502 |
| Other Assets | 20,12,329 | 22,48,746 | 23,62,594 | 23,89,685 | 27,28,487 | 29,29,123 | 32,08,798 | 35,43,328 | 39,95,361 | 45,77,093 | 50,60,371 | 59,01,824 |
| Total Assets | 26,99,161 | 30,72,321 | 34,41,760 | 36,16,439 | 38,88,460 | 41,97,486 | 48,45,615 | 53,60,878 | 59,54,415 | 67,33,756 | 73,13,730 | 83,21,176 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 26,297 | 14,477 | 77,406 | -96,508 | 29,556 | 23,929 | 89,919 | 57,695 | -86,014 | 21,632 | 45,484 | 38,097 |
| Investing | -3,424 | -2,747 | -4,572 | 13,053 | 220 | -555 | -3,670 | -2,652 | -966 | -3,476 | -3,387 | 9,240 |
| Financing | -1,553 | 4,348 | -4,196 | 5,547 | 448 | 5,430 | 7,143 | -3,845 | 6,386 | -9,896 | -10,737 | -3,427 |
| Net Cash Flow | 21,320 | 16,078 | 68,638 | -77,908 | 30,223 | 28,803 | 93,392 | 51,198 | -80,593 | 8,260 | 31,361 | 43,910 |
| Free Cash Flow | 22,848 | 10,701 | 72,982 | -89,906 | 26,550 | 20,864 | 86,091 | 54,644 | -86,014 | 17,457 | 39,847 | 29,734 |
| CFO/OP | 30 | 22 | 93 | -148 | 43 | 40 | 110 | 72 | -47 | 27 | 33 | 32 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 11% | 7% | 0% | -2% | 1% | 7% | 9% | 12% | 17% | 17% | 17% | 15% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view SBI insights
70 extracted metrics + investor summaries across FY10–FY26.
Documents
1
Update On General Meeting Of Shareholders On 15.05.2026
9h - Shri Dharmendra Singh Shekhawat withdrew nomination for SBI director election on 15 May 2026. 9h - Shri Dharmendra Singh Shekhawat withdrew nomination for SBI director election on 15 May 2026.
2
Announcement under Regulation 30 (LODR)-Newspaper Publication
9h - Newspaper Publication of financial results for the quarter and year ended 31.03.2026 9h - Newspaper Publication of financial results for the quarter and year ended 31.03.2026
3
Statement Of Deviation
2d - SBI reports no deviation in use of ₹6,051 crore Tier 2 bond proceeds for Q4 FY26. 2d - SBI reports no deviation in use of ₹6,051 crore Tier 2 bond proceeds for Q4 FY26.
4
Book Closure For Dividend
8 May - SBI declared ₹17.35 dividend per share; record date 16.05.2026, book closure 17-19.05.2026, payment 04.06.2026. 8 May - SBI declared ₹17.35 dividend per share; record date 16.05.2026, book closure 17-19.05.2026, payment 04.06.2026.
5
Announcement under Regulation 30 (LODR)-Dividend Updates
8 May - SBI declared ₹17.35 dividend per share; record date 16 May 2026, book closure 17-19 May, payout 4 June 2026. 8 May - SBI declared ₹17.35 dividend per share; record date 16 May 2026, book closure 17-19 May, payout 4 June 2026.
Frequently Asked Questions about SBI
What does State Bank of India do?
State Bank of India is a Fortune 500 company. It is an Indian Multinational, Public Sector banking and financial services statutory body headquartered in Mumbai. It is the largest and oldest bank in India with over 200 years of history.[1]
Where is State Bank of India (SBIN) listed?
State Bank of India trades as SBIN on the NSE and under code 500112 on the BSE.
Which sector does State Bank of India belong to?
State Bank of India is classified under the Financial Services sector, in the Banks industry.
What is the market capitalisation of State Bank of India?
State Bank of India has a market capitalisation of ₹9,20,108 Cr, which places it in the Large Cap band.
What is the PE ratio of State Bank of India?
State Bank of India trades at a PE ratio of 10.66, on earnings per share of ₹81.94, against a book value of ₹636.49 per share.
What is the 52-week high and low of State Bank of India?
Over the last 52 weeks State Bank of India has traded between ₹810.4 and ₹1,234.7.
Does State Bank of India pay dividends?
State Bank of India has a dividend yield of 1.72%.
What is the Return on Equity (ROE) of State Bank of India?
State Bank of India reported a return on equity of 13.85%. Its debt-to-equity ratio is 0.00.
Company Information
State Bank of India is a Fortune 500 company. It is an Indian Multinational, Public Sector banking and financial services statutory body headquartered in Mumbai. It is the largest and oldest bank in India with over 200 years of history.[1]
Website sbi.co.in
CEO Mr. Rana Ashutosh Kumar Singh
Employees 2,36,226
Listed 1995-03-01
Face Value ₹ 1
Issued Size 9,23,06,17,586
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