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State Bank of India

SBIN NSE

Key Fundamentals

LargecapPublic Sector BankBanks
Market Cap
10.0L Cr
Volatility
Moderate
P/E Ratio
11.75
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
₹790

Insights

Beta

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

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63 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.1,99,967 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 anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium

State Bank of India, with a market cap of ~Rs 9.68 lakh crore and a PE of ~11x, is India's largest public sector bank. FY25 net profit reached Rs 70,901 crore (up 16% YoY) with ROE at ~19.9%, while asset quality improved to a two-decade best with GNPA at 1.82% and NNPA at 0.47%. The stock has delivered a 3-year CAGR of 23% though TTM revenue growth has moderated to 5%.

Bull Case 8
  • Dominant franchise with total business surpassing Rs 109 lakh crore — deposits at Rs 59.8 lakh crore and advances at Rs 49.3 lakh crore, both up ~16.9% YoY in FY25
  • Asset quality at two-decade best: GNPA ratio improved to 1.82% and NNPA to 0.47% in FY25, with credit cost contained at just 0.38%
  • Strong profitability with FY25 net profit of Rs 70,901 crore (up 16% YoY), ROA of 1.10% and ROE of ~19.9% — 3-year ROE average stands at 17%
  • Attractive valuation at PE of ~11x and PB of ~1.7x, below many private sector peers despite comparable ROE metrics
  • Compounded profit CAGR of 30% over 5 years demonstrates sustained earnings recovery from the NPA cycle of 2015-2020
  • Digital transformation gaining scale with YONO registrations exceeding 10 crore and 98.7% transactions via alternate channels, driving operating efficiency
  • Consistent dividend payout of 18.6% with current yield of ~1.66%, including FY26 declared dividend of Rs 17.35 per share
  • Stock CAGR of 23% over 3 years and 19% over 5 years indicates sustained market re-rating of the franchise
Bear Case 8
  • Massive contingent liabilities of Rs 43,52,830 crore — multiples of the bank's net worth — represent a tail risk if even a fraction crystallizes
  • TTM revenue growth has sharply decelerated to just 5% versus 14% CAGR over 3 years, suggesting NIM compression and slowing credit offtake
  • Net interest margin compressed to 3.00% (whole bank) in Q4 FY25, down from higher levels in prior quarters, pressured by deposit cost repricing
  • Low interest coverage ratio indicates vulnerability to interest rate volatility, a structural concern for a large balance sheet lender
  • Other income of Rs 1,97,711 crore forms a significant portion of total earnings, raising questions about the sustainability and quality of reported profits
  • FII holding declined from 10.7% (Sep-24) to 9.9% (Mar-25), showing steady foreign institutional selling over two consecutive quarters
  • Q4 FY25 standalone profit fell ~10% QoQ despite treasury gains, indicating core operating headwinds beneath headline numbers
  • Possible capitalization of interest cost as flagged in financial disclosures may overstate reported asset values and understate true expenses

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

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 4
  • 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.

  • Crisil upgrades ESG to Leadership Jul 28

    Crisil upgraded SBI's ESG rating to Leadership category for FY26, signaling improved sustainability governance.

  • AT1 bonds 2x oversubscribed Jul 30

    SBI allotted ₹4,691 crore in AT1 bonds at 7.75% coupon, oversubscribed more than 2x, strengthening regulatory capital.

  • SBI Funds IPO 41.66x subscribed Jul 21

    Subsidiary SBI Funds Management listed after 41.66x subscription at ₹574/share, reflecting strong investor demand for the asset management business.

Neutral 4
  • Institutional block trades on NSE Jul 28

    Multiple block trades recorded between Jul 22-28 totaling ~₹99 crore across 3 transactions at prices ranging from ₹1,004.90 to ₹1,027.70 per share, indicating institutional activity.

  • New CFO designate from Aug 1 Jul 15

    Sunil Agrawal appointed CFO designate effective Aug 1, 2026, bringing 27+ years of experience.

  • $200 mln bond issuance concluded Jul 13

    SBI issued USD 200 million senior unsecured floating rate notes at SOFR + 100 bps, maturing July 6, 2029.

  • Analyst meet post Q1 results Jul 27

    Board meeting on Aug 7 to review Q1FY27 results followed by analyst meet at 5:15 PM IST; insider trading window was closed from Jul 1.

TL;DR: SBI delivered solid Q1FY27 earnings with 10% profit growth and improving asset quality, while successfully raising capital through oversubscribed AT1 bonds and completing an international bond issuance. The ESG upgrade and strong subsidiary IPO add to the positive narrative. No material headwinds emerged in this period. The trend is constructive with earnings momentum and capital position both strengthening heading into FY27.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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%
—
—
—
—
—
—
—
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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%
—
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 Jun 2026
Promoters 55.47%
DIIs 26.64%
FIIs 10.81%
Public 5.79%
Others 1.27%
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 2026Jun 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%
55.47%
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%
10.81%
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%
26.64%
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%
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%
5.79%
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%
1.27%
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
38,98,370

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 ₹1003460.44 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 11.75. 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 ₹790 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 1.60%. 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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