State Bank of India logo

State Bank of India

SBIN NSE

Key Fundamentals

LargecapPublic Sector BankBanks
Market Cap
9.5L Cr
Volatility
Moderate
P/E Ratio
11.33
EBITDA
1.2L Cr
Return on Equity
13.85%
Debt to Equity
0
Book Value
₹608.53
EPS
₹81.94
52W High
₹1,234.7
52W Low
₹786.55

Insights

Beta

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

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62 extracted metrics + investor summaries across FY14–FY26.

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Tapetide Score

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

Technical Indicators

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.1,97,711 Cr.

Growth Rate

Revenue Growth
7.43% ↗
Net Income Growth
7.78% ↗
Cash Flow Change
-16.24% ↘
ROE
-11.50% ↘
ROCE
-7.36% ↘
EBITDA Margin (Avg.)
-1.81% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk medium

State Bank of India, India's largest public sector lender with a market cap of ~Rs 9.42 lakh crore, trades at a PE of 11x and PB of 1.7x. The bank delivered 16% consolidated net profit growth in FY25 to Rs 70,901 crore with improving asset quality (GNPA at 1.82% in March 2025), though TTM revenue growth has moderated to 5% and contingent liabilities remain elevated at Rs 43.53 lakh crore.

Bull Case 8
  • Largest lender in India with Rs 9.42 lakh crore market cap offering scale advantages and systemic importance, providing implicit sovereign backing
  • Attractive valuation at PE of 11x versus private bank peers trading at 15-20x, with price-to-book at 1.7x despite improved profitability
  • Sustained profitability improvement with 5-year compounded profit CAGR of 30% and 3-year ROE averaging 17%
  • Asset quality at multi-year best with Gross NPA ratio declining to 1.82% in FY25 from much higher levels, and Net NPA at 0.47%
  • Strong capital position with CAR at 14.25% in FY25, providing buffer for growth and regulatory compliance
  • Credit growth guidance of 12-13% for FY26 supported by Rs 3.4 lakh crore credit pipeline and domestic CD ratio of 69.7% offering room for expansion
  • Consistent dividend payout of 18.6% with dividend yield of 1.67%, and FY25 dividend of Rs 15.90 per share
  • Stock CAGR of 21% over 3 years and 19% over 5 years reflecting re-rating driven by fundamental improvement
Bear Case 8
  • Massive contingent liabilities of Rs 43,52,830 crore which if crystallized could severely impact the balance sheet
  • TTM revenue growth decelerated sharply to 5% compared to 3-year CAGR of 14%, signaling potential growth slowdown
  • Low interest coverage ratio indicating vulnerability to margin compression in a rate-cut cycle
  • Other income of Rs 1,97,711 crore forms a significant portion of earnings, raising questions about core operating income sustainability
  • Q4 FY25 standalone net profit declined 9.9% YoY to Rs 18,643 crore, showing quarter-on-quarter earnings volatility
  • Banking sector credit growth halved to 11% in FY25 from 20% the prior year, constraining SBI's advances growth below its 14-16% target
  • Company may be capitalizing interest costs, potentially flattering reported profitability
  • ROE moderated to 15% last year from the 3-year average of 17%, suggesting potential peak in return ratios

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

AI News Digest

Anthropic anthropic claude-opus-4.6 7h ago
Positives 2
  • SBI Funds Management IPO launched Jul 11

    SBI fixed the IPO price band at ₹545-574 per share for SBI Funds Management Ltd, offering 170.9 million shares with allotment expected on July 18, 2026. This unlocks value from SBI's asset management subsidiary.

  • $500 Mln raised via bond issuances Jul 13

    SBI raised a combined USD 500 million through two tranches of Senior Unsecured Floating Rate Notes (USD 200 Mln on Jul 13, USD 300 Mln on Jun 29) at SOFR + 100 bps, strengthening its foreign currency funding base.

Neutral 6
  • New CFO designate appointed Jul 15

    Sunil Ramgopal Agrawal appointed as CFO designate effective Aug 1, 2026, bringing over 27 years of experience to the role.

  • Three senior executives superannuate Jun 30

    Three senior executives including the MD & CEO of SBI Funds Management retired on June 30, 2026, part of scheduled leadership transitions.

  • Four directors' tenure ends Jun 25

    State Bank of India announced the end of tenure for four directors on June 25, 2026, a routine board reconstitution event.

  • 71st AGM held, financials adopted Jun 18

    SBI held its 71st AGM on June 18, 2026, with shareholders adopting financial statements for FY ended March 31, 2026.

  • Institutional block trade on NSE Jun 17

    SBI recorded a ₹16.77 crore block trade on NSE involving ~1,63,285 shares at ₹1,027.05 per share, indicating institutional investor activity.

  • Analyst meet hosted on Jun 24 Jun 18

    SBI held a virtual group meeting with institutional investors and analysts on June 24, 2026, at 2:00 PM IST.

TL;DR: SBI's recent news flow is dominated by routine governance events and capital market activity with no material negative developments. The bank is proactively raising USD-denominated capital at competitive spreads and unlocking subsidiary value through the SBI Funds Management IPO. Leadership transitions appear orderly. The absence of headwinds and steady capital-raising activity suggest a stable operational outlook heading into Q2 FY27.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue
98,083
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
Expenses
59,965
49,080
59,365
62,635
65,418
53,996
62,709
64,890
74,438
59,496
72,265
76,799
75,050
Financing Profit
-15,334
-5,665
-14,930
-17,858
-18,593
-7,455
-15,283
-17,634
-25,825
-12,034
-22,227
-25,196
-23,923
Fin. Margin %
-16%
-6%
-14%
-16%
-16%
-6%
-13%
-14%
-20%
-10%
-17%
-19%
-18%
Other Income
38,769
30,873
36,865
33,103
47,445
33,883
42,758
43,200
52,722
41,263
50,884
55,262
49,999
Interest
53,451
58,045
62,955
68,092
70,644
71,701
73,619
77,397
78,227
78,266
78,002
78,783
79,953
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
23,436
25,208
21,936
15,245
28,852
26,428
27,474
25,566
26,897
29,229
28,657
30,067
26,076
Tax %
22%
26%
25%
26%
25%
26%
26%
25%
26%
26%
25%
27%
23%
Net Profit
18,769
19,094
16,648
11,598
22,203
20,094
20,565
19,484
20,379
22,121
21,861
22,176
20,508
EPS in Rs
20.27
20.77
18.04
12.4
23.96
21.65
22.17
21.12
21.96
23.76
22.9
23.09
21.28
Gross NPA %
—
—
2.53%
—
—
—
2.13%
—
—
—
—
—
—
Net NPA %
—
—
0.63%
—
—
—
0.52%
—
—
—
—
—
—
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
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
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
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
Fin. Margin %
-11%
-15%
-28%
-38%
-27%
-24%
-25%
-22%
-12%
-14%
-13%
-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
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
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
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
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
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
Div. Payout %
15%
17%
859%
0%
0%
0%
16%
18%
18%
18%
18%
19%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

  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
CFO/OP
30
22
93
-148
43
40
110
72
-47
27
33
32
Figures in ₹ Crores

Ratios

  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%

Shareholding Pattern

As of Mar 2026
Promoters 55.52%
DIIs 26.24%
FIIs 11.41%
Public 5.58%
Others 1.23%
Government 0.02%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Jul 2025Sep 2025Dec 2025Mar 2026
Promoters
57.63%
57.62%
57.62%
57.60%
57.59%
57.57%
57.52%
57.50%
57.49%
57.47%
57.49%
57.49%
57.54%
57.54%
57.51%
57.43%
57.43%
57.42%
55.50%
55.50%
55.50%
55.52%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
11.09%
11.16%
10.71%
10.28%
9.95%
9.33%
9.98%
9.57%
10.34%
11.41%
DIIs
23.31%
23.05%
22.98%
22.87%
23.31%
23.65%
23.79%
25.36%
25.19%
23.05%
22.49%
22.26%
23.96%
23.61%
24.09%
24.92%
25.05%
25.67%
27.22%
27.78%
27.17%
26.24%
Government
0.20%
0.15%
0.15%
0.15%
0.15%
0.15%
0.03%
0.03%
0.03%
0.03%
0.03%
0.03%
0.03%
0.03%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
Public
6.66%
6.55%
6.34%
6.60%
6.46%
6.50%
6.09%
6.07%
6.41%
6.33%
6.45%
6.40%
6.38%
6.67%
6.67%
6.37%
6.45%
6.54%
6.22%
6.07%
5.83%
5.58%
Others
12.21%
12.63%
12.91%
12.78%
12.48%
12.12%
12.56%
11.04%
10.88%
13.11%
13.53%
13.81%
1.00%
1.00%
1.00%
0.98%
1.11%
1.02%
1.06%
1.06%
1.13%
1.23%
No. of Shareholders
26,86,850
26,87,500
26,40,150
29,18,310
29,82,370
30,52,750
28,37,270
27,97,200
29,93,300
29,48,540
30,29,120
30,47,680
31,50,350
36,13,130
37,91,510
37,19,910
38,26,550
37,54,460
37,30,670
36,18,550
35,67,460
37,63,430

Documents

1
Concall - May 2017 May 2017
2
Concall - Aug 2017 Aug 2017
3
Concall - Feb 2018 Feb 2018
4
Concall - Mar 2018 Mar 2018
5
Concall - May 2018 May 2018

Frequently Asked Questions about State Bank of India

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 is listed on the Indian stock exchanges. It is listed on NSE: SBIN and BSE: 500112. You can view its live share price, financials, and ratios on Tapetide.
Which sector does State Bank of India belong to?
State Bank of India operates in the Banks sector within the Public Sector Bank industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of State Bank of India?
State Bank of India has a market capitalisation of approximately ₹949092.10 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of State Bank of India?
The Price-to-Earnings (PE) ratio of State Bank of India is 11.33. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of State Bank of India?
Over the past 52 weeks, State Bank of India has traded between a low of ₹786.55 and a high of ₹1,234.7. This range helps investors understand the stock's price volatility and recent trading levels.
Does State Bank of India pay dividends?
Yes, State Bank of India has a dividend yield of 1.68%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of State Bank of India?
State Bank of India has a Return on Equity (ROE) of 13.85%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research State Bank of India on Tapetide?
On Tapetide, you can view State Bank of India's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

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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