SBI Cards & Payment Services Ltd
SBI Cards and Payment Services Limited is a non-deposit accepting systemically important nonbanking financial company registered with the RBI. The Company is engaged in issuing credit cards to consumers in India. It is headquartered in Gurgaon, Haryana. It is a subsidiary of India’s largest commercial bank, the State Bank of India. [1][2][3]
- Market Cap ₹ 64,908 Cr.
- Current Price ₹ 683
- High / Low ₹ 933 / 679
- Stock P/E 27.7
- Book Value ₹ 116
- Dividend Yield 0.37 %
- ROCE 13.0 %
- ROE 25.7 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 30.3% CAGR over last 5 years
Cons
- Stock is trading at 5.87 times its book value
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance & Investments
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1,008 | 1,438 | 1,822 | 2,392 | 3,347 | 5,195 | 7,017 | 9,281 | 9,301 | 10,679 | 13,670 | 16,382 |
Interest | 210 | 300 | 378 | 436 | 528 | 712 | 1,009 | 1,301 | 1,043 | 1,027 | 1,648 | 2,379 |
713 | 918 | 1,255 | 1,617 | 2,366 | 3,715 | 4,887 | 6,618 | 7,223 | 7,953 | 9,444 | 11,214 | |
Financing Profit | 85 | 220 | 189 | 339 | 452 | 769 | 1,121 | 1,362 | 1,034 | 1,699 | 2,579 | 2,790 |
Financing Margin % | 8% | 15% | 10% | 14% | 14% | 15% | 16% | 15% | 11% | 16% | 19% | 17% |
52 | 74 | 82 | 100 | 124 | 175 | 270 | 471 | 413 | 622 | 615 | 543 | |
Depreciation | 1 | 1 | 1 | 1 | 5 | 24 | 55 | 104 | 123 | 149 | 164 | 190 |
Profit before tax | 136 | 293 | 271 | 438 | 572 | 919 | 1,335 | 1,730 | 1,324 | 2,172 | 3,031 | 3,143 |
Tax % | -1% | 0% | 1% | 35% | 35% | 35% | 35% | 28% | 26% | 26% | 25% | |
136 | 293 | 267 | 284 | 373 | 601 | 865 | 1,245 | 985 | 1,616 | 2,258 | 2,342 | |
EPS in Rs | 1.74 | 3.73 | 3.40 | 3.62 | 4.75 | 7.66 | 10.33 | 13.26 | 10.47 | 17.14 | 23.87 | 24.72 |
Dividend Payout % | 0% | 0% | 15% | 28% | 21% | 0% | 10% | 8% | 0% | 15% | 10% |
Compounded Sales Growth | |
---|---|
10 Years: | 30% |
5 Years: | 21% |
3 Years: | 14% |
TTM: | 28% |
Compounded Profit Growth | |
---|---|
10 Years: | 32% |
5 Years: | 30% |
3 Years: | 22% |
TTM: | 4% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -10% |
1 Year: | -5% |
Return on Equity | |
---|---|
10 Years: | 25% |
5 Years: | 24% |
3 Years: | 22% |
Last Year: | 26% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 785 | 785 | 785 | 785 | 785 | 785 | 837 | 939 | 941 | 943 | 946 | 947 |
Reserves | -332 | -39 | 181 | 370 | 664 | 1,568 | 2,751 | 4,402 | 5,362 | 6,810 | 8,884 | 10,112 |
2,803 | 3,498 | 4,699 | 5,928 | 8,268 | 11,413 | 13,549 | 17,573 | 17,895 | 22,982 | 31,110 | 34,083 | |
231 | 491 | 593 | 797 | 1,048 | 1,920 | 3,009 | 2,393 | 2,816 | 3,913 | 4,606 | 5,247 | |
Total Liabilities | 3,488 | 4,735 | 6,257 | 7,880 | 10,765 | 15,686 | 20,146 | 25,307 | 27,013 | 34,648 | 45,546 | 50,388 |
1 | 1 | 2 | 2 | 24 | 242 | 196 | 311 | 308 | 439 | 551 | 519 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 35 | 20 | 24 | 10 | 14 | 23 | 19 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 958 | 1,297 | 2,140 | 2,536 |
3,487 | 4,734 | 6,256 | 7,878 | 10,741 | 15,409 | 19,928 | 24,971 | 25,737 | 32,898 | 42,832 | 47,314 | |
Total Assets | 3,488 | 4,735 | 6,257 | 7,880 | 10,765 | 15,686 | 20,146 | 25,307 | 27,013 | 34,648 | 45,546 | 50,388 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
-398 | -879 | -1,158 | -2,235 | -2,891 | -2,327 | -4,063 | 692 | -4,391 | -6,671 | ||
1 | 1 | 1 | -1 | 128 | -76 | -77 | -997 | -538 | -921 | ||
475 | 1,008 | 1,141 | 2,244 | 2,953 | 2,824 | 3,923 | 432 | 5,045 | 7,824 | ||
Net Cash Flow | 78 | 130 | -17 | 9 | 190 | 422 | -218 | 127 | 115 | 232 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | 49% | 31% | 27% | 29% | 32% | 29% | 28% | 17% | 23% | 26% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
21h - Credit Rating intimation under Regulation 30 of the SEBI (LODR), Regulations, 2015
- Closure of Trading Window 1d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21 Mar - Disclosure under Regulation 30 and 47 of the SEBI (LODR) Regulations, 2015 - Newspaper Advertisements - Notice of Postal Ballot (including Remote E-voting)
- Disclosure Under Regulation 30 And 51 Of The SEBI (LODR) Regulations, 2015 -Product Launch 21 Mar
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
21 Mar - Disclosure under Regulation 30 and 51 of the SEBI (LODR) Regulations, 2015 - Press Release
Annual reports
Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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History
SBI Card was launched in 1998 by the State Bank of India and GE Capital. In December 2017, State Bank of India and The Carlyle Group acquired GE Capital`s stake in SBI Card.In March 2020, SBI Card became the first pure play credit card company to list on the stock exchanges in India. [1]