SBI Cards And Payment Services Ltd.

•

sbicard.comBSE: 543066NSE: SBICARD

Market Cap₹ 63,760 Cr.

Current Price

High / Low₹ 965 / 565

Stock P/E28.0

Book Value₹ 172

Price to Book3.85

Dividend Yield0.37 %

ROCE11.7 %

ROE14.7 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Comfortable capital adequacy - CAR of 25.5%
Solid return on assets for a lender - ROA of 3.3%
Company has delivered good sales growth of 16.4% CAGR over last 5 years
Company has a consistent dividend-paying track record

CONS

A large part of profit comes from other income (27.7% of PBT)
Operating margins have contracted to 31.6% from 40.1%
Growth is decelerating - 3Y profit CAGR (-1.4%) trails the 5Y trend (17.1%)
Though reporting repeated profits, the company pays out little dividend (11.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - NBFC

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 100 NIFTY MIDCAP 150 NIFTY FIN SERVICE

S.No.	Name
1.	BAJFINANCE	1040.00	31.89	647499.25	0.58	6080.60	27.60	23165.45	20.37	10.87	70.70
2.	SHRIRAMFIN	1029.35	21.40	242204.36	1.05	3452.77	59.90	13400.43	17.46	11.49	74.63
3.	CHOLAFIN	1829.00	27.16	156208.67	0.11	1656.22	45.56	8856.29	21.89	9.70	70.07
4.	TATACAP	362.95	28.51	154067.52	0.16	16281.80	1464.16	88219.30	1051.00	8.66	75.72
5.	JIOFIN	231.00	73.81	152532.57	0.26	830.25	155.73	2004.47	227.28	2.11	69.71
6.	BAJAJHLDNG	11093.25	13.94	123460.67	1.76	2708.08	-92.27	394.33	23.34	14.81	684.72
7.	MUTHOOTFIN	2820.00	9.95	113214.11	1.06	2824.84	43.08	8671.60	36.25	15.87	83.76
8.	ABCAPITAL	398.80	26.60	109173.43	0.00	1223.85	43.85	12179.54	137.84	8.82	41.91
9.	LTF	310.20	24.43	77747.06	0.89	915.99	30.70	5212.92	22.38	8.54	62.13
10.	SBICARD	670.00	28.02	63760.09	0.37	664.44	19.51	5040.55	7.60	11.75	29.83
11.	HDBFS	674.90	25.77	56068.33	0.59	785.20	38.31	4937.90	18.71	9.09	57.98
12.	SUNDARMFIN	4724.30	23.65	52488.80	0.85	636.19	33.88	2644.13	23.37	9.35	80.61

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	3,703	3,876	4,376	4,139	4,172	4,248	4,425	4,509	4,684	4,755	4,905	4,725	5,041
	2,631	2,760	3,258	2,811	2,867	3,173	3,372	3,320	3,439	3,742	3,785	3,625	4,312
Operating Profit	1,281	1,327	1,364	1,537	1,491	1,248	1,247	1,354	1,438	1,219	1,342	1,309	1,503
OPM %	34.60%	34.23%	31.17%	37.13%	35.75%	29.39%	28.19%	30.04%	30.69%	25.64%	27.36%	27.71%	29.83%
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
	797	809	738	888	799	545	518	719	748	600	749	816	893
Tax %	25.52%	25.50%	25.56%	25.42%	25.62%	25.82%	25.96%	25.66%	25.71%	25.84%	25.69%	25.32%	25.61%
Net Profit	593	603	549	662	594	404	383	534	556	445	557	609	664
	6	6	6	7	6	4	4	6	6	5	6	6	1

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	3,346	5,187	6,999	9,276	9,296	10,677	13,667	16,968	18,072	19,900	19,426
	1,768	3,066	4,588	6,230	6,866	8,034	8,807	10,742	11,966	13,610	15,464
Operating Profit	1,579	2,121	2,411	3,046	2,430	2,644	4,859	6,226	6,106	6,290	3,962
OPM %	47.18%	40.90%	34.45%	32.84%	26.14%	24.76%	35.56%	36.69%	33.79%	31.61%	20.39%
	125	183	288	476	417	1,180	619	515	565	808	819
Interest	1,127	1,361	1,308	1,689	1,400	1,503	2,284	3,313	3,944	4,049	3,003
Depreciation	5	24	55	104	123	149	164	197	147	136	132
Profit before Tax	572	919	1,335	1,730	1,324	2,172	3,031	3,232	2,581	2,913	3,058
Tax %	34.77%	34.61%	35.21%	28.03%	25.63%	25.60%	25.48%	25.49%	25.74%	25.62%	25.60%
Net Profit	373	601	865	1,245	985	1,616	2,258	2,408	1,916	2,167	2,275
EPS	4.75	7.40	9.45	13.21	10.38	17.02	23.80	25.32	20.14	22.77	—
Dividend Payout %	21.05%	0.00%	9.68%	7.54%	0.00%	14.59%	10.47%	9.87%	12.41%	10.98%	—

COMPOUNDED SALES GROWTH

10 Years:: 24%
5 Years:: 16%
3 Years:: 13%

COMPOUNDED PROFIT GROWTH

10 Years:: 23%
5 Years:: 17%
3 Years:: -1%

STOCK PRICE CAGR

10 Years:: —
5 Years:: -10%
3 Years:: -8%
1 Year:: -22%

RETURN ON EQUITY

10 Years:: 24%
5 Years:: 20%
3 Years:: 17%
Last Year:: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	785	785	837	939	941	943	946	951	951	952
	664	1,473	2,655	4,384	5,318	6,762	8,844	11,120	12,815	14,759
	8,268	11,413	13,549	17,573	17,895	22,982	31,110	39,891	44,947	44,064
Trade Payables	119	518	661	721	881	1,117	1,395	1,508	1,593	1,714
	800	1,409	2,279	1,415	1,583	2,626	3,004	4,347	4,797	4,393
Total Liabilities	10,636	15,598	19,983	25,032	26,618	34,430	45,299	57,817	65,103	65,882
	24	242	196	311	308	439	551	542	320	219
Capital Work in Progress	0	13	4	11	0	0	6	0	0	0
	0	0	1	1	958	1,297	2,140	3,519	6,235	6,374
	0	0	0	0	0	0	0	243	236	283
Cash & Bank	283	473	777	677	720	1,106	1,354	2,730	2,738	2,320
	10,329	14,870	19,004	24,031	24,632	31,586	41,248	50,783	55,574	56,686
Total Assets	10,636	15,598	19,983	25,032	26,618	34,430	45,299	57,817	65,103	65,882

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1,394	-1,927	-1,848	-3,382	2,271	-2,993	-4,322	-3,049	1,016	3,555
Cash from Investing	-1	-31	-76	-77	-997	-538	-921	-1,255	-2,491	245
Cash from Financing	2,244	2,935	2,824	3,923	432	5,045	7,824	8,401	4,687	-1,172
	9	26	422	-218	127	115	232	1,492	55	-434

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	68.62	68.61	68.60	68.60	68.59	68.59	68.58	68.92	68.86
	8.72	9.18	9.52	9.88	10.23	10.10	10.14	9.54	8.98
	16.54	16.76	16.47	17.22	17.50	17.76	17.84	18.12	18.13
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	6.12	5.47	5.41	4.30	3.68	3.55	3.42	3.42	4.03

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

General Updates

2026-09-09 - SBI Cards and Payment Services Limited has informed the Exchange about ESG Rating

2026-09-08

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-08 - SBI Cards and Payment Services Limited has informed the Exchange about Schedule of meet

2026-09-05

General Updates

2026-09-05 - SBI Cards and Payment Services Limited has informed the Exchange about ESG Rating

2026-09-03

General Updates

2026-09-03 - SBI Cards and Payment Services Limited has informed the Exchange about ESG Rating

2026-09-02

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-02 - SBI Cards and Payment Services Limited has informed the Exchange about Schedule of meet

2026-09-01

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-01 - SBI Cards and Payment Services Limited has informed the Exchange about Schedule of meet

2026-09-01

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-01 - SBI Cards and Payment Services Limited has informed the Exchange about Schedule of meet

2026-08-31

Shareholders meeting

2026-08-31 - SBI Cards and Payment Services Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 31, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-31

Shareholders meeting

2026-08-31 - SBI Cards and Payment Services Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 31, 2026

News

Recent coverage and analyst commentary for SBICARD

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SBI Cards And Payment Services Ltd.

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Free 5nance Account

Name

BAJFINANCE

1040.00

31.89

647499.25

0.58

6080.60

27.60

23165.45

20.37

10.87

70.70

SHRIRAMFIN

1029.35

21.40

242204.36

1.05

3452.77

59.90

13400.43

17.46

11.49

74.63

CHOLAFIN

1829.00

27.16

156208.67

0.11

1656.22

45.56

8856.29

21.89

9.70

70.07

TATACAP

362.95

28.51

154067.52

0.16

16281.80

1464.16

88219.30

1051.00

8.66

75.72

JIOFIN

231.00

73.81

152532.57

0.26

830.25

155.73

2004.47

227.28

2.11

69.71

BAJAJHLDNG

11093.25

13.94

123460.67

1.76

2708.08

-92.27

394.33

23.34

14.81

684.72

MUTHOOTFIN

2820.00

9.95

113214.11

1.06

2824.84

43.08

8671.60

36.25

15.87

83.76

ABCAPITAL

398.80

26.60

109173.43

0.00

1223.85

43.85

12179.54

137.84

8.82

41.91

LTF

310.20

24.43

77747.06

0.89

915.99

30.70

5212.92

22.38

8.54

62.13

SBICARD

670.00

28.02

63760.09

0.37

664.44

19.51

5040.55

7.60

11.75

29.83

HDBFS

674.90

25.77

56068.33

0.59

785.20

38.31

4937.90

18.71

9.09

57.98

SUNDARMFIN

4724.30

23.65

52488.80

0.85

636.19

33.88

2644.13

23.37

9.35

80.61

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

3,703

3,876

4,376

4,139

4,172

4,248

4,425

4,509

4,684

4,755

4,905

4,725

5,041

2,631

2,760

3,258

2,811

2,867

3,173

3,372

3,320

3,439

3,742

3,785

3,625

4,312

Operating Profit

1,281

1,327

1,364

1,537

1,491

1,248

1,247

1,354

1,438

1,219

1,342

1,309

1,503

OPM %

34.60%

34.23%

31.17%

37.13%

35.75%

29.39%

28.19%

30.04%

30.69%

25.64%

27.36%

27.71%

29.83%

Other Income

134

120

127

124

135

148

158

176

226

253

165

Interest

571

605

695

724

767

788

829

795

813

760

785

714

745

Depreciation

-2

797

809

738

888

799

545

518

719

748

600

749

816

893

Tax %

25.52%

25.50%

25.56%

25.42%

25.62%

25.82%

25.96%

25.66%

25.71%

25.84%

25.69%

25.32%

25.61%

Net Profit

593

603

549

662

594

404

383

534

556

445

557

609

664

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

3,346

5,187

6,999

9,276

9,296

10,677

13,667

16,968

18,072

19,900

19,426

1,768

3,066

4,588

6,230

6,866

8,034

8,807

10,742

11,966

13,610

15,464

Operating Profit

1,579

2,121

2,411

3,046

2,430

2,644

4,859

6,226

6,106

6,290

3,962

OPM %

47.18%

40.90%

34.45%

32.84%

26.14%

24.76%

35.56%

36.69%

33.79%

31.61%

20.39%

125

183

288

476

417

1,180

619

515

565

808

819

Interest

1,127

1,361

1,308

1,689

1,400

1,503

2,284

3,313

3,944

4,049

3,003

Depreciation

104

123

149

164

197

147

136

132

Profit before Tax

572

919

1,335

1,730

1,324

2,172

3,031

3,232

2,581

2,913

3,058

Tax %

34.77%

34.61%

35.21%

28.03%

25.63%

25.60%

25.48%

25.49%

25.74%

25.62%

25.60%

Net Profit

373

601

865

1,245

985

1,616

2,258

2,408

1,916

2,167

2,275

EPS

4.75

7.40

9.45

13.21

10.38

17.02

23.80

25.32

20.14

22.77

—

Dividend Payout %

21.05%

0.00%

9.68%

7.54%

0.00%

14.59%

10.47%

9.87%

12.41%

10.98%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

785

837

939

941

943

946

951

952

664

1,473

2,655

4,384

5,318

6,762

8,844

11,120

12,815

14,759

8,268

11,413

13,549

17,573

17,895

22,982

31,110

39,891

44,947

44,064

Trade Payables

119

518

661

721

881

1,117

1,395

1,508

1,593

1,714

800

1,409

2,279

1,415

1,583

2,626

3,004

4,347

4,797

4,393

Total Liabilities

10,636

15,598

19,983

25,032

26,618

34,430

45,299

57,817

65,103

65,882

242

196

311

308

439

551

542

320

219

Capital Work in Progress

958

1,297

2,140

3,519

6,235

6,374

243

236

283

Cash & Bank

283

473

777

677

720

1,106

1,354

2,730

2,738

2,320

10,329

14,870

19,004

24,031

24,632

31,586

41,248

50,783

55,574

56,686

Total Assets

10,636

15,598

19,983

25,032

26,618

34,430

45,299

57,817

65,103

65,882

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-1,394

-1,927

-1,848

-3,382

2,271

-2,993

-4,322

-3,049

1,016

3,555

Cash from Investing

-1

-31

-76

-77

-997

-538

-921

-1,255

-2,491

245

Cash from Financing

2,244

2,935

2,824

3,923

432

5,045

7,824

8,401

4,687

-1,172

422

-218

127

115

232

1,492

-434

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

68.62

68.61

68.60

68.59

68.58

68.92

68.86

8.72

9.18

9.52

9.88

10.23

10.10

10.14

9.54

8.98

16.54

16.76

16.47

17.22

17.50

17.76

17.84

18.12

18.13

Government

0.00

6.12

5.47

5.41

4.30

3.68

3.55

3.42

4.03

SBI Cards And Payment Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

SBI Cards And Payment Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI