State Bank of India (SBIN) — Share Price, Financials & Ratios

Key Fundamentals

LargecapPublic Sector BankBanks

Market Cap

9.7L Cr

Volatility

Moderate

P/E Ratio

11.48

EBITDA

1.2L Cr

Return on Equity

15.83%

Debt to Equity

0

Book Value

₹608.53

EPS

₹81.94

52W High

₹1,234.7

52W Low

₹786.55

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.1,97,711 Cr.

Growth Rate

Revenue Growth

8.01% ↗

Net Income Growth

7.78% ↗

Cash Flow Change

-16.24% ↘

ROE

-11.50% ↘

ROCE

-7.36% ↘

EBITDA Margin (Avg.)

-2.32% ↗

AI Analysis — Bull vs Bear

anthropic

claude-opus-4.6 2d ago

BUY

Risk medium

State Bank of India trades at an attractive PE of 11x with strong analyst consensus (86% buy ratings) and a 3-year ROE averaging 17%. While contingent liabilities and slowing TTM growth warrant monitoring, the valuation remains compelling for India's largest public sector bank with a market cap of Rs.9.57 lakh crore.

Bull Case 8

Extremely attractive valuation at PE of 11x, well below the banking sector average of 15-18x, offering significant margin of safety
Overwhelming analyst consensus with 86.11% buy ratings (31 out of 36 analysts) and zero sell recommendations
Consistent 3-year ROE of 17% demonstrates strong profitability and efficient capital deployment for a PSU bank
Impressive 5-year compounded profit CAGR of 30% reflecting sustained earnings momentum and asset quality improvement
Stock has delivered 23% CAGR over 3 years and 20% over 5 years, consistently outperforming broader indices
Price-to-book ratio of 1.7x is reasonable for a bank generating 15-17% ROE, suggesting fair-to-undervalued territory
Healthy dividend payout of 18.6% with a dividend yield of 1.68%, providing income support in volatile markets
10-year compounded profit growth of 21% demonstrates long-term earnings compounding ability through multiple credit cycles

Bear Case 8

Massive contingent liabilities of Rs.43,52,830 Cr pose a systemic risk if even a small fraction crystallizes on the balance sheet
TTM sales growth has decelerated sharply to just 5% compared to 3-year CAGR of 14%, signaling potential revenue slowdown
Low interest coverage ratio indicates vulnerability to margin compression in a changing rate environment
Other income of Rs.1,97,711 Cr forms a significant portion of earnings, raising questions about core operating income quality
TTM profit growth slowed to 7% versus 3-year CAGR of 14%, suggesting the high-growth phase may be normalizing
Possible capitalization of interest costs could be flattering reported earnings and understating true operating expenses
10-year ROE of only 11% reflects the bank's troubled NPA cycle history and risk of mean reversion from current 15-17% levels
As a PSU bank, government ownership introduces policy lending risks and potential capital misallocation during economic stress

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

AI News Digest

anthropic

claude-opus-4.6 1d ago

Positives 3

Net profit up 12.88% YoY May 27

SBI reported standalone net profit of ₹80,032 crore for FY2025-26, a 12.88% YoY increase, with total business crossing ₹109 lakh crore.
USD 200M notes at 4.50% May 29

SBI priced USD 200 million senior unsecured notes at a 4.50% coupon due 2030 via its London branch, demonstrating strong international debt market access.
Sustained institutional block trades Jun 3

SBI recorded a ₹521.45 crore block trade on Jun 3 (~55.2 lakh shares at ₹944.30), followed by additional institutional block trades on Jun 9 (₹18.47 cr at ₹991.95) and Jun 17 (₹16.77 cr at ₹1027.05), showing rising price trend and sustained institutional interest.

Neutral 8

Board considers FY27 fund raising Jun 15

SBI's board met on Jun 18 to consider raising funds in FY27 via debt instruments in INR or foreign currency.
71st AGM held on Jun 18 Jun 18

SBI held its 71st AGM via video conferencing on June 18, 2026, adopting financial statements for the year ended March 31, 2026.
Analyst meet scheduled Jun 24 Jun 18

SBI will host a virtual group meeting with institutional investors and analysts on June 24, 2026, at 2:00 PM IST.
New Group Chief Risk Officer Jun 5

SBI appointed Shri Ratna Teja Dinakara Akella as Deputy Managing Director & Group Chief Risk Officer, effective immediately.
New director Sanjay Lohiya appointed Jun 12

SBI appointed Shri Sanjay Lohiya to its Central Board on June 11, 2026, following a Government of India notification.
Promoter shares unencumbered in FY26 May 27

The President of India, SBI's promoter, did not encumber any equity shares in FY26 as disclosed to SEBI under SAST regulations.
Active global investor engagement Jun 1

SBI held investor meetings in Mumbai (Jun 1, arranged by BofA) and London (May 28, arranged by Jefferies), sharing only public domain information.
Investor meetings cancelled Jun 4 Jun 3

SBI cancelled scheduled institutional investor and analyst meetings for June 4, 2026, without providing a reason.

TL;DR: SBI delivered strong FY26 results with 12.88% profit growth and total business exceeding ₹109 lakh crore, reflecting solid operational momentum. Institutional interest remains robust with multiple large block trades at progressively higher prices (₹944 to ₹1,027 over two weeks). No material headwinds are visible in the recent news flow. The trend appears constructive heading into FY27, with active capital market engagement and fund-raising plans suggesting continued growth ambitions.

Quarterly Results

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	98,083	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
Expenses	59,965	49,080	59,365	62,635	65,418	53,996	62,709	64,890	74,438	59,496	72,265	76,799	75,050
Financing Profit	-15,334	-5,665	-14,930	-17,858	-18,593	-7,455	-15,283	-17,634	-25,825	-12,034	-22,227	-25,196	-23,923
Fin. Margin %	-16%	-6%	-14%	-16%	-16%	-6%	-13%	-14%	-20%	-10%	-17%	-19%	-18%
Other Income	38,769	30,873	36,865	33,103	47,445	33,883	42,758	43,200	52,722	41,263	50,884	55,262	49,999
Interest	53,451	58,045	62,955	68,092	70,644	71,701	73,619	77,397	78,227	78,266	78,002	78,783	79,953
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
PBT	23,436	25,208	21,936	15,245	28,852	26,428	27,474	25,566	26,897	29,229	28,657	30,067	26,076
Tax %	22%	26%	25%	26%	25%	26%	26%	25%	26%	26%	25%	27%	23%
Net Profit	18,769	19,094	16,648	11,598	22,203	20,094	20,565	19,484	20,379	22,121	21,861	22,176	20,508
EPS in Rs	20.27	20.77	18.04	12.4	23.96	21.65	22.17	21.12	21.96	23.76	22.9	23.09	21.28
Gross NPA %	—	—	2.53%	—	—	—	2.13%	—	—	—	—	—	—
Net NPA %	—	—	0.63%	—	—	—	0.52%	—	—	—	—	—	—

Show % Change

Figures in ₹ Crores

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
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
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
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
Fin. Margin %	-11%	-15%	-28%	-38%	-27%	-24%	-25%	-22%	-12%	-14%	-13%	-15%
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
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
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
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
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
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
Div. Payout %	15%	17%	859%	0%	0%	0%	16%	18%	18%	18%	18%	19%

Show % Change

Figures in ₹ Crores

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

Show % Change

Figures in ₹ Crores

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

Show % Change

Figures in ₹ Crores

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%

Show % Change

Shareholding Pattern

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Jul 2025	Sep 2025	Dec 2025	Mar 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%
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%
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%
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%
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%
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%
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

Show % Change

Documents

1

Concall - May 2017 May 2017

PPT

2

Concall - Aug 2017 Aug 2017

PPT

3

Concall - Feb 2018 Feb 2018

PPT

4

Concall - Mar 2018 Mar 2018

PPT

5

Concall - May 2018 May 2018

PPT

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 ₹970830.20 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 11.48. 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 ₹786.55 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 1.68%. 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 15.83%. 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.