State Bank of India
SBIN NSE
State Bank of India
Financial Services F&ONSE: SBIN BSE: 500112 Banks
Key Fundamentals
LargecapPublic Sector BankBanksMarket Cap
9.7L Cr
Volatility
Moderate
P/E Ratio
11.23
EBITDA
1.2L Cr
Return on Equity
13.85%
Debt to Equity
0
Book Value
₹636.49
EPS
₹81.94
52W High
₹1,234.7
52W Low
₹798.5
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view State Bank of India insights
63 extracted metrics + investor summaries across FY14–FY26.
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.1,99,967 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 claude-opus-4.6 6d agoAI opinion · based on fundamentals
Risk medium
State Bank of India is India's largest public sector bank with a market cap of ~₹10.01 lakh crore, trading at a PE of 11.1x and PB of 1.7x. FY25 net profit reached ₹70,901 crore (up 16% YoY) with ROE at ~19.9%, while asset quality improved to a GNPA of 1.82% and credit grew 12% YoY, though TTM profit growth has moderated to 6%.
Bull Case 8
- Market-leading scale with deposits crossing ₹53 lakh crore and whole-bank advances exceeding ₹42 lakh crore in FY25, providing unmatched distribution and funding advantage
- Asset quality at multi-decade best — GNPA ratio improved 42 bps YoY to 1.82% and NNPA at 0.47%, with credit cost at just 0.38% for FY25
- FY25 ROE of ~19.9% and ROA of 1.10% represent structural improvement from 5-year average ROE of 16%, reflecting a durable earnings turnaround
- Valuation remains undemanding at 11.1x PE and 1.7x PB relative to private bank peers trading at 2.5-3.5x PB, despite comparable return ratios
- Credit growth of 12.03% YoY is broad-based with SME advances crossing ₹5 lakh crore; management guides 12-13% credit growth for FY26 backed by ₹3.4 lakh crore credit pipeline
- 5-year compounded profit CAGR of 30% and stock CAGR of 20% demonstrate sustained fundamental re-rating from NPA-cycle lows
- Current account balances grew 27% YoY in Q4FY25, improving low-cost funding mix and supporting net interest margins
- Healthy dividend payout of 18.6% with dividend yield of 1.6%; FY25 dividend declared at ₹17.35 per share, up from prior year
Bear Case 8
- TTM revenue growth has decelerated to just 6% and TTM profit growth to 6%, a sharp slowdown from 3-year CAGR of 14% for both metrics
- Contingent liabilities stand at a massive ₹43,52,830 crore — over 4x the market cap — posing tail risk if even a fraction crystallizes
- Low interest coverage ratio indicates vulnerability to margin compression in a declining interest rate environment
- Earnings include other income of ₹1,99,967 crore, raising questions about sustainability of core operating profit versus one-off or treasury gains
- Company may be capitalizing interest costs, which could overstate asset quality and understate true credit costs
- Domestic credit-to-deposit ratio at 69.7% implies limited room for aggressive credit growth without corresponding deposit mobilization at potentially higher costs
- As a government-owned bank (57% stake), SBI remains subject to directed lending mandates, potential recapitalization dilution risk, and political cycle-driven decision-making
- Q4FY25 operating profit declined YoY even as net profit grew 6%, suggesting earnings quality pressure from rising opex or margin headwinds
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 17h ago Positives 5
- Q1FY27 profit up 10% YoY Aug 7
Standalone net profit rose 10.2% YoY to ₹21,121 crore for Q1FY27, driven by higher interest income and improved asset quality.
- $500M senior notes at 5.25% Aug 11
SBI issued USD 500 million in 5-year senior unsecured notes at a 5.25% coupon under Regulation S, strengthening international funding access.
- Crisil upgrades ESG to Leadership Jul 28
Crisil upgraded SBI's ESG rating to Leadership category for FY26, signaling improved governance and sustainability practices.
- AT1 bonds 2x oversubscribed Jul 30
SBI allotted ₹4,691 crore in AT1 bonds at 7.75% coupon, with the issue oversubscribed more than 2x, boosting regulatory capital.
- SBI Funds IPO 41.66x subscribed Jul 21
Subsidiary SBI Funds Management listed after 41.66x subscription at ₹574/share, with FY26 total income of ₹4,969 crore.
Neutral 5
- Institutional investor meetings held Aug 17
SBI held one-on-one meetings with Axis MF, Fidelity International, Morgan Stanley, and Ashmore in Mumbai on Aug 17.
- $100M floating rate notes issued Aug 10
SBI completed issuance of USD 100 million floating rate notes through its London Branch, maintaining active international market presence.
- Q4FY26 earnings call published Aug 7
SBI released the audio recording of its post-earnings analyst meeting discussing results for the quarter ended June 30, 2026.
- Block trades totalling ~₹99 crore Jul 24
Multiple institutional block trades recorded on NSE between Jul 22-28 totalling ~₹99 crore at prices ranging from ₹1,004.90 to ₹1,027.70 per share.
- Board meet and analyst call scheduled Jul 27
SBI announced board meeting on Aug 7 for Q1FY27 results followed by analyst meet at 5:15 PM IST, with insider trading window closed from Jul 1.
TL;DR: SBI is delivering solid earnings growth with Q1FY27 profit up 10% YoY and demonstrating strong capital market access through oversubscribed AT1 bonds and successful international debt issuances. No material headwinds are visible in recent news flow. Institutional interest remains healthy as evidenced by multiple block trades and high engagement at investor meetings. The trend is positive with improving profitability, strengthening capital buffers, and a subsidiary IPO that saw exceptional demand.
Quarterly Results
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 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 | 1,36,240 |
| Expenses | 49,080 | 59,365 | 62,635 | 65,418 | 53,996 | 62,709 | 64,890 | 74,438 | 59,496 | 72,265 | 76,799 | 75,050 | 64,930 |
| Financing Profit | -5,665 | -14,930 | -17,858 | -18,593 | -7,455 | -15,283 | -17,634 | -25,825 | -12,034 | -22,227 | -25,196 | -23,923 | -10,938 |
| Fin. Margin % | -6% | -14% | -16% | -16% | -6% | -13% | -14% | -20% | -10% | -17% | -19% | -18% | -8% |
| Other Income | 30,873 | 36,865 | 33,103 | 47,445 | 33,883 | 42,758 | 43,200 | 52,722 | 41,263 | 50,884 | 55,262 | 49,999 | 43,821 |
| Interest | 58,045 | 62,955 | 68,092 | 70,644 | 71,701 | 73,619 | 77,397 | 78,227 | 78,266 | 78,002 | 78,783 | 79,953 | 82,248 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 25,208 | 21,936 | 15,245 | 28,852 | 26,428 | 27,474 | 25,566 | 26,897 | 29,229 | 28,657 | 30,067 | 26,076 | 32,884 |
| Tax % | 26% | 25% | 26% | 25% | 26% | 26% | 25% | 26% | 26% | 25% | 27% | 23% | 25% |
| Net Profit | 19,094 | 16,648 | 11,598 | 22,203 | 20,094 | 20,565 | 19,484 | 20,379 | 22,121 | 21,861 | 22,176 | 20,508 | 25,121 |
| EPS in Rs | 20.77 | 18.04 | 12.4 | 23.96 | 21.65 | 22.17 | 21.12 | 21.96 | 23.76 | 22.9 | 23.09 | 21.28 | 26.12 |
| Gross NPA % | — | 2.53% | — | — | — | 2.13% | — | — | — | — | — | — | — |
| Net NPA % | — | 0.63% | — | — | — | 0.52% | — | — | — | — | — | — | — |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 5,25,747 |
| 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 | 2,89,045 |
| 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 | -82,284 |
| Fin. Margin % | -11% | -15% | -28% | -38% | -27% | -24% | -25% | -22% | -12% | -14% | -13% | -15% | -16% |
| 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 | 1,99,967 |
| 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 | 3,18,986 |
| 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 | 1,17,683 |
| 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 | 89,665 |
| 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 | 93.39 |
| Div. Payout % | 15% | 17% | 859% | 0% | 0% | 0% | 16% | 18% | 18% | 18% | 18% | 19% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 11% | 7% | 0% | -2% | 1% | 7% | 9% | 12% | 17% | 17% | 17% | 15% |
Documents
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 Financial Services sector within the Banks 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 ₹968291.78 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 11.23. 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 ₹798.5 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 1.65%. 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