| Annual Financials | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
Revenue  | 1,905 | 2,492 | 3,364 | 5,370 | 7,287 | 9,752 | 9,714 | 11,302 | 14,286 | 17,484 | 18,637 | 19,770 |
| Expenses | 1,260 | 1,623 | 2,242 | 3,726 | 4,887 | 6,618 | 7,223 | 7,954 | 9,444 | 11,460 | 12,731 | 13,872 |
| EBITDA | 644 | 869 | 1,121 | 1,644 | 2,400 | 3,134 | 2,490 | 3,348 | 4,842 | 6,024 | 5,906 | 5,898 |
| Operating Profit % | 31 % | 32 % | 31 % | 28 % | 30 % | 29 % | 22 % | 26 % | 31 % | 32 % | 30 % | 28 % |
| Depreciation | 1 | 1 | 1 | 14 | 55 | 104 | 123 | 149 | 164 | 197 | 147 | 117 |
| Interest | 373 | 430 | 522 | 708 | 1,009 | 1,301 | 1,043 | 1,027 | 1,648 | 2,595 | 3,178 | 3,197 |
| Profit Before Tax | 271 | 438 | 599 | 923 | 1,335 | 1,730 | 1,324 | 2,172 | 3,031 | 3,232 | 2,581 | 2,584 |
| Tax | 4 | 154 | 208 | 320 | 470 | 485 | 339 | 556 | 772 | 824 | 664 | 714 |
| Net Profit | 267 | 284 | 390 | 604 | 865 | 1,245 | 985 | 1,616 | 2,259 | 2,408 | 1,916 | 1,918 |
| EPS in ₹ | 3.40 | 3.62 | 4.97 | 7.69 | 9.45 | 13.35 | 10.48 | 17.16 | 23.92 | 25.39 | 20.15 | 20.20 |
SBI Cards
SBI Cards
872.00
+1.80
(0.21%)
Key Fundamentals
Market Cap
82,974.70 Cr
EPS
20.15
PE Ratio
43.27
Dividend Yield
0.29 %
Industry
Financial Services 52 Week High
1,027.25
52 Week Low
663.05
PB Ratio
5.61
Debt to Equity
3.28
Sector
NBFC Analyst Rating and Forecast
- By Refinitiv from25 analysts
Actual
Company News
View All News
SBI Cards and Payment Services Limited received an upgraded Environmental, Social, and Governance (ESG) rating of AA from MSCI ESG Ratings and Research Private Limited, improved from its previous A rating. MSCI is a SEBI registered ESG rating provider. The company has made this information available on its website at www.sbicard.com.
SBI Cards and Payment Services reported total revenue of INR 5,136 crores for the quarter, marking 13% year-over-year growth. Total spend reached a record INR 1,07,063 crores with 31% year-over-year growth, while retail spend grew 17% to INR 89,611 crores. The company added 9,36,000 new accounts, bringing cards-in-force to 2.15 crores with 10% annual growth. Profit after tax was INR 445 crores, up 10% year-over-year. However, cost-to-income ratio increased to 56.8% due to higher festive campaign costs and corporate passback expenses. Asset quality showed improvement with gross NPA declining to 2.85% from 3.07% in the previous quarter. The company launched three new co-brand credit cards with Flipkart, PhonePe, and IndiGo during the quarter. Net interest margin stood at 11.2% with portfolio yield at 16.5%. Management expects credit costs to decline below 9% in the coming quarters and maintains guidance for new card sourcing at 0.9-1 million accounts.
SBI Cards anticipates credit costs to remain under 9% in upcoming quarters. The company has adjusted its FY26 cost-to-income ratio guidance higher due to increased corporate spending. SBI Cards maintains its guidance of adding 0.9-1.0 million new accounts while lowering its IBNEA guidance to 10-12%. The company aims to maintain current NIM levels.
View more
Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
1,066.60 | #1 6,63,689.90 | 37.64 | #1 69,724.80 | 26.81 | #1 16,780 | 21.81 | 58.54 | |
299.30 | 1,90,149.50 | 116.44 | 2,078.90 | 12.09 | 1,613 | 0.86 | 38.06 | |
816.35 | 1,53,556.10 | 15.56 | 41,859.50 | 19.61 | 9,423 | 7.47 | 88.94 | |
1,703.90 | 1,43,366.00 | 30.90 | 26,152.80 | 34.67 | 4,260 | 19.82 | 56.26 | |
3,230.00 | 1,29,674.30 | 21.15 | 20,324.50 | 34.04 | 5,352 | 65.12 | 59.36 | |
872.00 | #6 82,974.70 | #8 43.27 | #5 18,637.10 | #10 6.60 | #7 1,916 | #7 9.99 | 39.93 | |
4,808.00 | 53,418.70 | 27.12 | 8,563.00 | 17.53 | 1,813 | 11.90 | 63.61 | |
2,800.10 | 47,558.30 | #1 11.65 | 4,612.20 | #1 76.63 | 4,241 | -14.01 | 30.26 | |
313.25 | 43,540.80 | 17.65 | 18,530.50 | 16.03 | 2,261 | 45.15 | 66.84 | |
463.60 | 36,124.10 | 172.93 | 4,222.80 | 34.17 | -98 | #1 115.75 | 35.96 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
6.60 %
Net Income Growth
-20.41 %
Cash Flow Change
62.14 %
ROE
-30.21 %
ROCE
-13.44 %
EBITDA Margin (Avg.)
-8.01 %
Yearly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 6,257 | 7,880 | 10,829 | 15,583 | 20,146 | 25,307 | 27,013 | 34,648 | 45,546 | 58,171 | 65,546 |
| Fixed Assets | 2 | 2 | 4 | 140 | 196 | 311 | 308 | 440 | 551 | 542 | 320 |
| Current Assets | 5,620 | 7,196 | 10,020 | 1,276 | 1,856 | 1,884 | 1,883 | 2,492 | 3,225 | 4,654 | 4,603 |
| Capital Work in Progress | 0 | 0 | 0 | 35 | 20 | 24 | 10 | 14 | 23 | 22 | 10 |
| Investments | 0 | 0 | 0 | 0 | 2 | 2 | 958 | 1,297 | 2,140 | 3,519 | 6,235 |
| Other Assets | 6,256 | 7,878 | 10,826 | 15,407 | 19,928 | 24,971 | 25,737 | 32,898 | 42,832 | 54,088 | 58,980 |
| Total Liabilities | 6,257 | 7,880 | 10,829 | 15,583 | 20,146 | 25,307 | 27,013 | 34,648 | 45,546 | 58,171 | 65,546 |
| Current Liabilities | 5,019 | 6,339 | 8,829 | 11,563 | 13,326 | 15,233 | 15,692 | 18,909 | 24,999 | 32,990 | 36,792 |
| Non Current Liabilities | 273 | 387 | 549 | 1,663 | 3,232 | 4,733 | 5,019 | 7,987 | 10,716 | 13,097 | 14,972 |
| Total Equity | 966 | 1,155 | 1,451 | 2,357 | 3,588 | 5,341 | 6,302 | 7,753 | 9,830 | 12,084 | 13,782 |
| Reserve & Surplus | 181 | 370 | 666 | 1,572 | 2,751 | 4,402 | 5,359 | 6,810 | 8,884 | 11,133 | 12,830 |
| Share Capital | 785 | 785 | 785 | 785 | 837 | 939 | 941 | 943 | 946 | 951 | 951 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 130 | -17 | 9 | 190 | 422 | -218 | 127 | 115 | 232 | 1,492 | 56 |
| Investing Activities | 1 | 1 | -1 | 128 | -76 | -77 | -997 | -538 | -921 | -1,255 | -2,491 |
| Operating Activities | -879 | -1,158 | -2,235 | -2,891 | -2,327 | -4,063 | 692 | -4,392 | -6,671 | -5,653 | -2,141 |
| Financing Activities | 1,008 | 1,141 | 2,244 | 2,953 | 2,824 | 3,923 | 432 | 5,045 | 7,824 | 8,401 | 4,687 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 69.40 % | 69.50 % | 69.37 % | 69.47 % | 69.59 % | 69.64 % | 69.41 % | 69.05 % | 69.02 % | 68.96 % | 68.94 % | 68.75 % | 68.63 % | 68.62 % | 68.61 % | 68.60 % | 68.60 % | 68.59 % | 68.59 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 9.09 % | 9.35 % | 8.59 % | 8.73 % | 9.18 % | 9.51 % | 9.88 % | 10.22 % | 10.10 % |
| DIIs | 5.49 % | 6.33 % | 9.29 % | 11.51 % | 12.02 % | 15.77 % | 17.04 % | 16.72 % | 17.47 % | 17.18 % | 17.29 % | 16.28 % | 16.69 % | 16.53 % | 16.75 % | 16.48 % | 17.22 % | 17.51 % | 17.76 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 3.65 % | 4.09 % | 3.80 % | 4.51 % | 4.66 % | 4.97 % | 4.11 % | 4.44 % | 4.38 % | 3.75 % | 4.10 % | 5.02 % | 5.28 % | 5.45 % | 4.80 % | 4.78 % | 3.81 % | 3.24 % | 3.10 % |
| Others | 21.46 % | 20.08 % | 17.55 % | 14.50 % | 13.73 % | 9.62 % | 9.44 % | 9.79 % | 9.13 % | 10.11 % | 0.59 % | 0.60 % | 0.81 % | 0.67 % | 0.66 % | 0.63 % | 0.49 % | 0.44 % | 0.46 % |
| No of Share Holders | 0 | 10,57,520 | 11,18,650 | 10,46,250 | 11,40,590 | 11,61,090 | 11,78,350 | 10,63,050 | 10,41,170 | 9,67,531 | 9,61,296 | 10,28,670 | 10,36,630 | 10,19,120 | 9,48,916 | 9,37,270 | 8,47,672 | 7,74,642 | 7,50,786 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 1 | 1 | 0.00 | 2.5 | 2.5 | 2.5 | 2.5 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.16 | 0.11 | 0.00 | 0.35 | 0.37 | 0.28 | 0.29 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 20 Sept 2019 |  Change Of Name | NA | 20 Sept 2019 | 0.00 | 0.00 |
| 31 Mar 2022 |  Dividend | ₹ 2.50 /share | 30 Mar 2022 | 841.95 | 868.90 |
| 29 Mar 2023 | Dividend | ₹ 2.50 /share | 29 Mar 2023 | 710.60 | 711.10 |
| 28 Mar 2024 | Dividend | ₹ 2.50 /share | 28 Mar 2024 | 701.25 | 692.55 |
| 09 Aug 2024 |  Annual General Meeting | NA | 09 Aug 2024 | 730.80 | 715.55 |
| 29 Oct 2024 |  Quarterly Result Announcement | NA | 29 Oct 2024 | 703.95 | 667.55 |
| 28 Jan 2025 | Quarterly Result Announcement | NA | 28 Jan 2025 | 760.70 | 753.70 |
| 25 Feb 2025 | Dividend | ₹ 2.50 /share | 25 Feb 2025 | 858.60 | 839.00 |
| 24 Apr 2025 | Quarterly Result Announcement | NA | 24 Apr 2025 | 888.45 | 915.85 |
| 25 Jul 2025 | Quarterly Result Announcement | NA | 25 Jul 2025 | 894.60 | 885.80 |
| 29 Aug 2025 | Annual General Meeting | NA | 29 Aug 2025 | 814.70 | 801.85 |
| 24 Oct 2025 | Quarterly Result Announcement | NA | 24 Oct 2025 | 916.00 | 928.45 |
Announcements
Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 -ESG Rating
2 days ago
2 days agoAnnouncement under Regulation 30 (LODR)-Earnings Call Transcript9 days ago
9 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 29, 2025
Oct 29, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 25, 2025
Oct 25, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeOct 24, 2025
Oct 24, 2025Announcement under Regulation 30 (LODR)-Credit RatingOct 24, 2025
Oct 24, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 24, 2025
Oct 24, 2025Board Meeting Outcome for Board Meeting Outcome For Unaudited Financial Results Of The Company For The Quarter And Half Year Ended September 30 2025.Oct 24, 2025
Oct 24, 2025Announcement under Regulation 30 (LODR)-Investor PresentationOct 24, 2025
Oct 24, 2025Unaudited Financial Results Of The Company For The Quarter And The Half Year Ended September 30 2025Oct 24, 2025
Oct 24, 2025Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015- Vesting Of Options Under SBI Card - Employee Stock Option Plan 2023 (ESOP Scheme 2023)Oct 18, 2025
Oct 18, 2025Announcement under Regulation 30 (LODR)-Credit RatingOct 16, 2025
Oct 16, 2025Announcement under Regulation 30 (LODR)-Credit RatingOct 16, 2025
Oct 16, 2025Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Oct 16, 2025
Oct 16, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 15, 2025
Oct 15, 2025Board Meeting Intimation for Inter Alia Considering And Approving The Unaudited Financial Results Of The Company For The Quarter And The Half Year Ended September 30 2025Oct 15, 2025
Oct 15, 2025Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations 2015Oct 08, 2025
Oct 08, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 08, 2025
Oct 08, 2025Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 -ESG RatingSep 30, 2025
Sep 30, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 26, 2025
Sep 26, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 25, 2025
Sep 25, 2025Closure of Trading WindowSep 25, 2025
Sep 25, 2025Disclosure Under Regulation 30 And 51 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Product LaunchSep 25, 2025
Sep 25, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 25, 2025
Sep 25, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSSep 24, 2025
Sep 24, 2025Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/sSep 23, 2025
Sep 23, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 22, 2025
Sep 22, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 19, 2025
Sep 19, 2025Announcement under Regulation 30 (LODR)-Change in ManagementSep 19, 2025
Sep 19, 2025Announcement under Regulation 30 (LODR)-Change in ManagementSep 19, 2025
Sep 19, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 18, 2025
Sep 18, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 17, 2025
Sep 17, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 16, 2025
Sep 16, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 16, 2025
Sep 16, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 15, 2025
Sep 15, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 15, 2025
Sep 15, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 10, 2025
Sep 10, 2025Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 -ESG RatingSep 09, 2025
Sep 09, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 09, 2025
Sep 09, 2025ShareholderS Approval - Appointment Of Independent DirectorAug 30, 2025
Aug 30, 2025Shareholders Approval - Appointment Of Secretarial AuditorsAug 30, 2025
Aug 30, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 30, 2025
Aug 30, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMAug 29, 2025
Aug 29, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAug 28, 2025
Aug 28, 2025Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 -ESG RatingAug 27, 2025
Aug 27, 2025Disclosure Under Regulation 30 And 51 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Product LaunchAug 26, 2025
Aug 26, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 26, 2025
Aug 26, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 20, 2025
Aug 20, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 18, 2025
Aug 18, 2025Disclosure Under Regulation 30 And 51 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Product LaunchAug 18, 2025
Aug 18, 2025Mutual Fund Holdings
ICICI Prudential Multi Asset Fund Direct-Growth 
Nippon India Multi Cap Fund Direct-Growth 
HSBC Midcap Fund Direct-Growth 
Tata Large & Mid Cap Fund Direct Plan-Growth 
SBI Banking & Financial Services Fund Direct-Growth 
HDFC Balanced Advantage Fund Direct-Growth 
Aditya Birla Sun Life ELSS Tax Saver Direct-Growth 
Quant Mid Cap Fund Direct-Growth 
Franklin India Mid Cap Fund Direct-Growth 
DSP ELSS Tax Saver Fund Direct Plan-Growth Technical Indicators
RSI(14)
Neutral 39.93
ATR(14)
Less Volatile 21.52
STOCH(9,6)
Oversold 8.86
STOCH RSI(14)
Oversold 2.66
MACD(12,26)
Bearish -8.05
ADX(14)
Weak Trend 22.21
UO(9)
Bearish 38.59
ROC(12)
Downtrend And Accelerating -7.03
WillR(14)
Oversold -87.82
About SBI Cards
SBI Cards and Payment Services Limited is an Indian company that issues credit cards and acts as a corporate insurance agent. Incorporated in 1998 and a subsidiary of State Bank of India, it is the second-largest credit card issuer in India with over 16.8 million cards in force. The company offers a diverse portfolio of credit cards, including SBI Card-branded and co-branded cards, catering to various customer segments. It partners with Visa, MasterCard, and RuPay payment networks. SBI Cards has a wide customer acquisition network, including physical points of sale, digital platforms, and access to SBI's extensive branch network. The company has launched several new card products and partnerships across different categories to expand its offerings and reach.
Listing Date
16 Mar, 2020(5 Years,
-6 days)
Website
Chairperson NameChalla Sreenivasulu Setty
we are part of Raise Financial Services
built with love
for indians who love to invest & trade
Market Community
Follow us on
