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SBI

State Bank of India

SBIN NSE
₹979.00 +8.75 (+0.90%)
P/E
9.99
View as Markdown
MCP
Close 4 Nov 2026 ₹979.00 +18.25 +1.90% 1Y
Start ₹960.75

Key Fundamentals

LargecapBanksFinancial Services

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

EPS (TTM)
₹97.96
Book Value
₹690.27
Market Cap
—
P/E (TTM)
9.99
P/B
1.42
ROE
15.40%
Dividend Yield
1.79%
52W High
₹1,234.70
52W Low
₹933.90
Day Range
₹968.35 – ₹988.00
Volume
1,48,81,781
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
Debt to Equity
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 › Banks › Public Sector Bank

SBI peer comparison
SBI (this company)
₹979.0010.48₹9,03,461 Cr1.421.79%15.40%—₹5,38,780 Cr₹89,666 Cr
Union Bank of India
₹183.896.38₹1,39,687 Cr1.022.73%15.70%—₹1,09,300 Cr₹22,000 Cr
Punjab National Bank
₹122.426.15₹1,39,168 Cr0.932.48%13.00%—₹1,34,543 Cr₹22,932 Cr
Bank of Baroda
₹245.376.98₹1,25,618 Cr0.733.49%12.70%—₹1,36,546 Cr₹18,393 Cr
Indian Bank
₹854.008.70₹1,14,613 Cr1.442.15%15.40%—₹71,835 Cr₹13,220 Cr
Canara Bank
₹118.325.27₹1,07,387 Cr0.883.57%16.10%—₹1,30,895 Cr₹20,314 Cr
Bank of Maharashtra
₹79.618.12₹61,525 Cr1.722.73%22.60%—₹30,262 Cr₹7,536 Cr
Median 7 companies₹183.896.98₹1,25,618 Cr1.022.73%15.40%—₹1,30,895 Cr₹20,314 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

48 Average

Data confidence 100/100

Category scores

Quality
54
Average
Returns, margins, earnings quality 22% weight
Valuation
49
Average
Cheap vs sector & own history 24% weight
Growth
50
Average
Sales & profit trajectory 9% weight
Financial Health
67
Strong
Solvency, leverage, coverage 9% weight
Momentum
32
Poor
Trend strength, vol-adjusted 12% weight
Ownership
49
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

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.2,02,645 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallNeutral757
OscillatorsBullish153
Moving AveragesStrong Bearish604

Key readings

RSI (14)
52.91
Neutral
MACD (12,26,9)
−2.12
Bullish
SMA (50)
985.42
Bearish
SMA (200)
1,038.73
Bearish

As of

Analyst Rating

Based on 37 analysts
BUY84%

31 of 37 analysts rate Buy, 6 Hold, 0 Sell.

As of

BUY
31
84%
HOLD
6
16%
SELL
0
0%

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 Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+8.84%
5Y+13.11%
3Y+13.64%
1Y+5.02%
TTM+6.66%

Net profit

Net profit growth by window
10Y+20.87%
5Y+29.40%
3Y+14.49%
1Y+7.63%
TTM+12.14%

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₹2,30,447 Cr
Mar 2018₹2,28,970 Cr
Mar 2019₹2,53,322 Cr
Mar 2020₹2,69,852 Cr
Mar 2021₹2,78,115 Cr
Mar 2022₹2,89,973 Cr
Mar 2023₹3,50,845 Cr
Mar 2024₹4,39,189 Cr
Mar 2025₹4,90,313 Cr
Mar 2026₹5,14,933 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹97.00 Cr
Mar 2018−₹3,749 Cr
Mar 2019₹3,351 Cr
Mar 2020₹21,140 Cr
Mar 2021₹23,888 Cr
Mar 2022₹37,183 Cr
Mar 2023₹57,750 Cr
Mar 2024₹69,543 Cr
Mar 2025₹80,523 Cr
Mar 2026₹86,666 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EPS
₹21.09 −23.2% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk medium

State Bank of India trades at ₹961.85 as of 2026-10-30 with a market capitalisation of ₹8,92,661 Cr, a trailing P/E of 10.3x and a P/B of 1.51x. The bank has delivered a 10-year compounded profit growth of 21% and a 3-year ROE of 17%, but faces headwinds from large contingent liabilities of ₹43,52,830 Cr and a low interest coverage ratio.

Bull Case 6
  • Strong long-term profit compounding: 10-year compounded profit growth stands at 21%, reflecting sustained earnings expansion over a full business cycle.
  • Healthy return ratios: 3-year average ROE is 17% and 5-year average ROE is 16%, indicating consistent capital efficiency improvement.
  • Robust revenue trajectory: 5-year compounded sales growth of 13% and 3-year compounded sales growth of 14% show durable top-line momentum.
  • Consistent dividend payout: the bank has maintained a healthy dividend payout ratio of 18.6% with a current dividend yield of 1.79%, providing income alongside capital appreciation potential.
  • Solid stock price track record: the 3-year stock CAGR of 20% and 10-year stock CAGR of 14% demonstrate long-term wealth creation.
  • Scale advantage: with a market capitalisation of ₹8,92,661 Cr, SBI is the largest public-sector bank in India, giving it unmatched deposit franchise and distribution reach.
Bear Case 7
  • Massive contingent liabilities: at ₹43,52,830 Cr, contingent liabilities dwarf the bank's market cap of ₹8,92,661 Cr by nearly 5x, posing a tail risk if even a fraction crystallises.
  • Low interest coverage ratio: this signals that operating profits may not comfortably cover interest obligations, a key risk metric for a lending institution.
  • Potential interest capitalisation: the bank might be capitalising interest costs, which could overstate reported profitability and book value.
  • Heavy reliance on other income: earnings include other income of ₹1,99,967 Cr, raising questions about the sustainability and quality of core operating profits.
  • Decelerating growth: TTM profit growth has slowed sharply to 6% and TTM sales growth to 6%, a marked step-down from the 5-year compounded profit growth of 30% and sales growth of 13%.
  • Proximity to 52-week low: the stock trades at ₹961.85 against a 52-week low of ₹933.90, just 3% above that floor, and roughly 22% below its 52-week high of ₹1,234.70, reflecting weakened sentiment.
  • Modest current ROE versus P/B: the last-year ROE of 15% paired with a P/B of 1.51x implies the market is pricing in returns only modestly above cost of equity, leaving limited margin for disappointment.

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

AI News Digest

12h ago

TL;DR: Limited recent news flow for SBI. The only notable development is an ongoing data breach investigation with no resolution yet, which introduces mild reputational and regulatory uncertainty. No material positive or negative catalysts have emerged. Watch for investigation outcomes that could shift sentiment either way.

Neutral 1
  • Data breach probe still open Nov 03

    SBI confirmed its investigation into a data breach remains underway with no resolution or findings announced. The scope and timeline of the probe have not been disclosed.

Quarterly Results

₹ Cr
SBIN quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue
1,07,391
1,12,868
1,17,469
1,18,242
1,21,045
1,24,654
1,26,840
1,25,729
1,27,903
1,30,386
1,31,080
1,36,240
1,41,073
Expenses
59,365
62,635
65,418
53,996
62,709
64,890
74,438
59,496
72,265
76,799
75,050
64,930
76,807
Financing Profit
−14,930
−17,858
−18,593
−7,455
−15,283
−17,634
−25,825
−12,034
−22,364
−25,196
−23,923
−10,938
−20,007
Fin. Margin %
−14%
−16%
−16%
−6%
−13%
−14%
−20%
−10%
−17%
−19%
−18%
−8%
−14%
Other Income
36,865
33,103
47,445
33,883
42,758
43,200
52,722
41,263
51,021
55,262
49,999
43,821
53,562
Interest
62,955
68,092
70,644
71,701
73,619
77,397
78,227
78,266
78,002
78,783
79,953
82,248
84,273
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
21,936
15,245
28,852
26,428
27,474
25,566
26,897
29,229
28,657
30,067
26,076
32,884
33,555
Tax %
25%
26%
25%
26%
26%
25%
26%
26%
25%
27%
23%
25%
23%
Net Profit
16,648
11,598
22,203
20,094
20,565
19,484
19,941
22,121
21,504
21,876
20,161
24,579
25,741
EPS (₹)
18.04
12.4
23.96
21.65
22.17
21.12
21.96
23.76
22.9
23.09
21.28
26.12
27.47
Gross NPA %
2.53%
—
—
—
2.13%
—
—
—
—
—
—
—
—
Net NPA %
0.63%
—
—
—
0.52%
—
—
—
—
—
—
—
—
YoY Revenue growth
27
23
20
17
13
10
8
6
6
5
3
8
10

Profit & Loss

₹ Cr
SBIN profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
5,38,780
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
2,93,587
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
−80,063
Fin. Margin %
−11%
−15%
−28%
−38%
−27%
−24%
−25%
−22%
−12%
−14%
−13%
−15%
−15%
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
2,02,645
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
3,25,256
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
1,22,581
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
79,017
85,168
94,022
EPS (₹)
22.76
15.75
0.3
−5.11
2.58
22.15
25.11
39.64
62.35
75.17
86.91
90.24
97.96
Div. Payout %
15%
17%
859%
0%
0%
0%
16%
18%
18%
18%
18%
19%
—
Revenue growth
10
6
4
−1
11
7
3
4
21
25
12
5
7

Balance Sheet

₹ Cr
SBIN balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
747
776
797
892
892
892
892
892
892
892
892
923
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
6,70,669
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
7,41,291
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
63,47,305
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
8,98,351
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
86,58,539
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
57,950
CWIP
400
786
695
925
762
470
116
28
66
42
41
78
0
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
24,86,334
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
61,14,255
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
86,58,539

Cash Flow

₹ Cr
SBIN cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Ratios

SBIN financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
11%
7%
0%
−2%
1%
7%
9%
12%
17%
17%
17%
15%

Insights

Beta

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

Log in to view SBI insights

86 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 55.45%
  • DIIs 26.34%
  • FIIs 11.07%
  • Public 5.83%
  • Others 1.29%
  • Government 0.02%

No promoter shares pledged as of Sep 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

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.
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 PE ratio of State Bank of India?
State Bank of India trades at a PE ratio of 9.99 as of 4 Nov 2026, on earnings per share of ₹97.96, against a book value of ₹690.27 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 ₹933.9 and ₹1,234.7 as of 4 Nov 2026.
Does State Bank of India pay dividends?
State Bank of India has a dividend yield of 1.79%.
What is the Return on Equity (ROE) of State Bank of India?
State Bank of India reported a return on equity of 15.40%.

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.

Website sbi.co.in
CEO Mr. Rana Ashutosh Kumar Singh
Employees 2,36,226
Listed 1 Mar 1995
Face Value ₹1

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