SBI Funds Management logo

SBI Funds Management

SBIFUNDS NSE

Key Fundamentals

Midcap
Market Cap
₹1.05 L Cr
P/E (TTM)
44.64
EBITDA
₹4,058 Cr
Return on Equity
51.44%
Debt to Equity
0
Book Value
₹29.28
EPS (TTM)
₹11.60
52W High
₹624.95
52W Low
₹494.00

Price-based figures as of 12 Oct 2026, 14:50 IST · TTM

Tapetide Score

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

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company has delivered good profit growth of 28.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 37.6%

Growth Rate

Revenue Growth
17.47% lower than 3Y

change over 1 year

Net Income Growth
20.75% lower than 3Y

change over 1 year

Cash Flow Change
24.86%

change over 1 year

EBITDA Margin Change
1.23%

change over 1 year Operating margin 80% · Jun 2026

AI Analysis — Bull vs Bear

Figures as of 9 Oct 2026
AI opinion · based on fundamentals
Risk medium

As of the 2026-10-09 close, SBI Funds Management Ltd trades at ₹500 with a market cap of ₹101,841.38 crore, a TTM P/E of 43.1 and a P/B of 17.08. It has no debt, an ROE of 51.44% and an ROCE of 66.39%, and its profit has compounded at 29% over 5 years. Growth has slowed in the latest period: TTM sales growth is 17% against a 3-year CAGR of 27%. The stock sits just above its 52-week low of ₹494, about 20% below its 52-week high of ₹624.95.

Bull Case 7
  • The balance sheet carries no debt (debt-to-equity of 0). That suits an asset-light fund management business and removes refinancing and interest-rate risk on the company's own books.
  • Capital efficiency is high, with an ROE of 51.44% and an ROCE of 66.39%. This shows the business needs very little capital to grow.
  • Profit has grown steadily over long periods: a 34% CAGR over 10 years, 29% over 5 years and 32% over 3 years.
  • Revenue growth has been consistent, with sales compounding at 25% over both 10 and 5 years and 27% over 3 years. This points to sustained growth in AUM-linked fee income rather than a one-off spike.
  • ROE is improving. It was 37% over 5 years and 38% over 3 years, rose to 43% last year, and the current figure is 51.44%.
  • Profit is growing faster than sales: TTM profit growth of 21% vs. TTM sales growth of 17%, and a 3-year profit CAGR of 32% vs. a 27% sales CAGR. This suggests operating leverage in a scale-driven business.
  • At ₹500 the stock is about 20% below its 52-week high of ₹624.95 and about 1.2% above its 52-week low of ₹494. Its valuation has therefore come down from recent peak levels.
Bear Case 7
  • The valuation is high in absolute terms, at a TTM P/E of 43.1 and a P/B of 17.08. That implies an earnings yield of only about 2.3% (1/43.1), so the price depends on high growth continuing.
  • Growth is slowing. TTM sales growth of 17% is well below the 3-year CAGR of 27%, and TTM profit growth of 21% trails the 3-year CAGR of 32%.
  • The share price has weakened. At ₹500 it is about 20% below its 52-week high of ₹624.95 and only about ₹6 (around 1.2%) above its 52-week low of ₹494, which reflects weaker sentiment over the past year.
  • Revenue is mostly linked to AUM, so it depends on market levels and fund flows. The slowdown in TTM sales growth from a 27% 3-year CAGR to 17% shows how quickly fee growth can cool when market or flow conditions soften.
  • The reported dividend yield of 15.92% does not fit a P/E of 43.1. A 2.3% earnings yield cannot fund a sustained yield of that size, so the figure probably reflects a data issue or a one-off payout and should not be treated as a recurring yield.
  • The ROE figures do not fully agree. The implied book value per share is about ₹29.3 (₹500 / 17.08), and TTM EPS of ₹11.6 on that book gives an ROE of about 40%. That is below the reported 51.44% and closer to last year's 43%, so the headline ROE may overstate current returns.
  • No stock-return CAGR data is available for 1, 3, 5 or 10 years. This limits any assessment of how the listed stock has performed through market cycles.

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

AI News Digest

1d ago
Neutral 4
  • New Head of Alternates hired Oct 7

    Dhruva Agarwal was appointed Head of Alternates and Senior Management Personnel effective October 7, 2026. He brings over 20 years of global private capital experience, which may help build out the alternates business.

  • CFO succession: Amol Joshi Sep 29

    Amol Joshi becomes Chief Financial Officer and Key Managerial Personnel effective October 1, 2026. He succeeds Inderjeet Ghuliani, who retired on superannuation, so this is a planned handover.

  • Giridhar Sanjeevi joins board Sep 28

    Giridhar Sanjeevi was appointed additional independent director for a three-year term effective September 29, 2026. He replaces Moiz Miyajiwala, whose term ended.

  • CAG names FY27 statutory auditor Sep 22

    The Comptroller & Auditor General of India appointed Gokhale & Sathe LLP as statutory auditor for FY27. This is a routine appointment for an SBI-group entity.

TL;DR: All recent SBI Funds news covers governance and leadership changes: a planned CFO handover, a board refresh, a routine CAG auditor appointment and a senior hire for alternates. None of it is material to earnings, and there are no new operating risks or regulatory issues. The alternates hire suggests the company wants to diversify beyond traditional mutual funds. Watch AUM flows, SIP trends and any changes to SEBI's expense-ratio rules for clearer signals on where the stock is headed.

Quarterly Results

Particulars Jun 2025Mar 2026Jun 2026
Sales
1,001
1,139
1,153
Expenses
214
221
230
Operating Profit
787
918
923
OPM %
79%
81%
80%
Other Income
331
-43
242
Interest
2
2
2
Depreciation
11
12
12
PBT
1,106
861
1,151
Tax %
23%
26%
24%
Net Profit
849
634
880
EPS (₹)
4.18
3.11
4.32
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
452
551
777
1,272
1,317
1,619
1,985
2,405
3,424
4,235
4,974
Expenses
205
292
436
755
491
446
533
603
708
823
918
Operating Profit
248
259
342
517
826
1,173
1,451
1,802
2,716
3,411
4,056
OPM %
55%
47%
44%
41%
63%
72%
73%
75%
79%
81%
82%
Other Income
1
2
1
1
2
2
26
19
15
16
16
Interest
0
0
0
0
4
4
4
5
8
9
9
Depreciation
5
10
13
15
30
32
33
34
37
40
44
PBT
243
251
330
503
794
1,139
1,440
1,782
2,686
3,379
4,020
Tax %
33%
34%
32%
34%
24%
24%
25%
25%
23%
25%
24%
Net Profit
164
165
224
331
606
863
1,082
1,340
2,073
2,540
3,067
EPS (₹)
—
—
—
1.66
3.03
4.31
5.38
6.65
10.23
12.5
15.06
Div. Payout %
34%
3637%
31%
21%
25%
17%
14%
13%
10%
0%
0%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
50
50
50
50
50
50
50
50
51
51
204
Reserves
490
583
723
971
1,939
2,528
3,536
4,701
6,697
8,247
5,759
Borrowings
0
0
0
0
0
65
0
0
0
0
0
Other Liabilities
138
151
214
273
172
190
211
232
359
474
457
Total Liabilities
678
784
987
1,294
2,161
2,833
3,798
4,984
7,107
8,772
6,420
Fixed Assets
172
178
177
176
236
224
223
231
257
270
391
CWIP
0
0
2
2
0
0
3
2
0
110
0
Investments
255
338
498
612
1,749
2,408
3,395
4,609
6,645
8,111
5,704
Other Assets
252
268
310
505
176
201
176
141
205
281
325
Total Assets
678
784
987
1,294
2,161
2,833
3,798
4,984
7,107
8,772
6,420
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
—
154
210
166
745
718
1,008
1,199
1,438
1,992
2,488
Investing
—
-98
-133
-85
-623
-484
-841
-973
-1,305
-938
2,974
Financing
—
-66
-72
-84
-121
-232
-172
-228
-132
-1,043
-5,458
Net Cash Flow
—
-9
5
-4
2
1
-5
-2
2
12
4
Free Cash Flow
—
138
197
152
732
715
997
1,188
1,428
1,873
2,460
CFO/OP
—
95
93
67
114
84
93
91
72
81
87
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
15
15
11
29
11
9
9
9
11
11
6
Cash Conversion Cycle
15
15
11
29
11
9
9
9
11
11
6
Working Capital Days
-28
-11
-25
20
-6
-13
-11
-17
-15
-13
-10
ROCE %
—
43%
47%
56%
—
49%
46%
43%
47%
45%
56%

Insights

Beta

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

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Shareholding Pattern

Promot.98.19%Others1.81%As ofMar 2026
A trend needs at least two reported periods.

Documents

Frequently Asked Questions about SBI Funds Management

What does SBI Funds Management Ltd do?
SBI Funds Management Ltd was incorporated in 1992 and received SEBI’s approval in 1993 to act as the asset management to SBI Mutual Fund. In 2004, the company became a joint venture when Société Générale Asset Management S.A. acquired a 37% stake in SBIMFL. The company serves both individuals as ...
Where is SBI Funds Management Ltd (SBIFUNDS) listed?
SBI Funds Management Ltd trades as SBIFUNDS on the NSE and under code 544829 on the BSE.
Which sector does SBI Funds Management Ltd belong to?
SBI Funds Management Ltd is classified under the Financial Services sector, in the Capital Markets industry.
What is the market capitalisation of SBI Funds Management Ltd?
SBI Funds Management Ltd has a market capitalisation of ₹1,05,477 Cr as of 12 Oct 2026, which places it in the Large Cap band.
What is the PE ratio of SBI Funds Management Ltd?
SBI Funds Management Ltd trades at a PE ratio of 44.64 as of 12 Oct 2026, on earnings per share of ₹11.6, against a book value of ₹29.28 per share.
What is the 52-week high and low of SBI Funds Management Ltd?
Over the last 52 weeks SBI Funds Management Ltd has traded between ₹494 and ₹624.95 as of 12 Oct 2026.
Does SBI Funds Management Ltd pay dividends?
SBI Funds Management Ltd has a dividend yield of 15.92%.
What is the Return on Equity (ROE) of SBI Funds Management Ltd?
SBI Funds Management Ltd reported a return on equity of 51.44%. Its debt-to-equity ratio is 0.00.

Company Information

SBI Funds Management Ltd was incorporated in 1992 and received SEBI’s approval in 1993 to act as the asset management to SBI Mutual Fund. In 2004, the company became a joint venture when Société Générale Asset Management S.A. acquired a 37% stake in SBIMFL. The company serves both individuals as well as institutional investors offering diversified portfolio of mutual fund schemes across equity, debt, international and liquid schemes offering both actively managed and passive investment strategies.[1]

Website sbifunds.com/investor-relations
Listed 2026-07-21
Face Value ₹ 1
Shares Outstanding 2,03,68,27,612

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