State Bank of India

₹ 531 1.70%
30 Sep - close price
About

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]

Key Points

Ratios (Q3FY21)
Capital Adequacy Ratio - 14.50%
Net Interest Margin - 3.34%
Gross NPA - 4.77%
Net NPA - 1.23%
CASA Ratio - 45.15%[1]

  • Market Cap 473,540 Cr.
  • Current Price 531
  • High / Low 579 / 425
  • Stock P/E 11.7
  • Book Value 342
  • Dividend Yield 1.34 %
  • ROCE 4.44 %
  • ROE 12.2 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 160% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.70% over past five years.
  • Company has a low return on equity of 9.33% over last 3 years.
  • Contingent liabilities of Rs.2,085,016 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.103,018 Cr.

* 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: Banks Industry: Banks - Public Sector

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
Revenue 65,594 67,356 71,026 65,875 69,940 70,043 70,100 68,033 68,960 73,029 73,376 74,608 76,781
Interest 40,139 40,105 40,487 40,392 40,301 39,023 38,297 38,389 38,249 38,638 39,363 39,944 41,931
37,662 46,398 42,397 50,113 41,838 49,043 50,270 55,380 44,698 42,676 52,015 54,233 42,328
Financing Profit -12,207 -19,147 -11,859 -24,630 -12,199 -18,024 -18,467 -25,737 -13,987 -8,285 -18,002 -19,569 -7,478
Financing Margin % -19% -28% -17% -37% -17% -26% -26% -38% -20% -11% -25% -26% -10%
17,684 25,183 24,359 30,934 19,412 25,330 27,082 35,398 24,307 20,696 31,152 33,427 17,743
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 5,477 6,035 12,500 6,304 7,212 7,307 8,615 9,661 10,320 12,411 13,150 13,858 10,265
Tax % 42% 40% 46% 28% 28% 26% 26% 25% 27% 26% 26% 28% 27%
Net Profit 3,290 3,644 6,932 7,273 5,267 5,511 6,614 6,495 7,703 9,342 9,948 10,191 7,796
EPS in Rs 3.31 3.78 7.32 7.74 5.35 5.88 7.01 6.86 8.27 9.96 10.71 10.70 8.21
Gross NPA % 7.42% 6.07% 5.36%
Net NPA % 3.02% 2.20% 1.83%
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
Revenue 113,636 147,197 167,976 189,062 207,974 220,633 230,447 228,970 253,322 269,852 278,115 289,973 297,794
Interest 68,086 89,320 106,818 121,479 133,179 143,047 149,115 146,603 155,867 161,124 156,010 156,194 159,876
57,966 61,729 66,283 82,198 96,675 109,985 145,666 169,034 166,104 172,909 192,821 197,349 191,252
Financing Profit -12,416 -3,851 -5,124 -14,614 -21,879 -32,399 -64,334 -86,666 -68,649 -64,181 -70,715 -63,570 -53,335
Financing Margin % -11% -3% -3% -8% -11% -15% -28% -38% -27% -24% -25% -22% -18%
33,716 29,692 32,584 37,882 49,315 52,828 68,193 77,527 77,365 98,159 107,222 117,000 103,018
Depreciation 1,381 1,372 1,577 1,942 1,581 2,252 2,915 3,105 3,496 3,662 3,711 3,691 0
Profit before tax 19,920 24,469 25,882 21,326 25,855 18,177 945 -12,245 5,220 30,317 32,796 49,739 49,684
Tax % 44% 35% 29% 32% 32% 30% 141% 66% 41% 40% 26% 27%
Net Profit 11,180 15,973 18,555 14,807 17,832 13,019 -97 -3,749 3,351 21,140 23,888 37,183 37,277
EPS in Rs 16.83 22.86 26.19 18.99 22.76 15.75 0.30 -5.11 2.58 22.15 25.11 39.64 39.58
Dividend Payout % 18% 15% 16% 16% 15% 17% 859% 0% 0% 0% 16% 18%
Compounded Sales Growth
10 Years: 7%
5 Years: 5%
3 Years: 5%
TTM: 7%
Compounded Profit Growth
10 Years: 9%
5 Years: 160%
3 Years: 154%
TTM: 62%
Stock Price CAGR
10 Years: 9%
5 Years: 16%
3 Years: 28%
1 Year: 17%
Return on Equity
10 Years: 7%
5 Years: 6%
3 Years: 9%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
635 671 684 747 747 776 797 892 892 892 892 892
Reserves 82,836 105,559 124,349 146,624 160,641 179,816 216,395 229,429 233,603 250,168 274,669 304,696
1,398,033 1,572,681 1,831,126 2,062,612 2,297,624 2,615,257 2,936,176 3,091,258 3,354,289 3,607,061 4,149,127 4,536,570
166,272 150,720 176,355 185,573 240,149 276,472 288,391 294,860 299,676 339,364 420,926 518,719
Total Liabilities 1,647,777 1,829,631 2,132,514 2,395,556 2,699,161 3,072,321 3,441,760 3,616,439 3,888,460 4,197,486 4,845,615 5,360,878
6,141 7,027 8,694 10,223 12,924 15,415 51,189 40,301 39,941 39,608 41,600 41,032
CWIP 346 381 676 337 400 786 695 925 762 470 116 28
Investments 419,066 460,949 519,343 579,401 673,507 807,375 1,027,281 1,183,794 1,119,270 1,228,284 1,595,100 1,776,490
1,222,223 1,361,274 1,603,801 1,805,595 2,012,329 2,248,746 2,362,594 2,391,419 2,728,487 2,929,123 3,208,798 3,543,328
Total Assets 1,647,777 1,829,631 2,132,514 2,395,556 2,699,161 3,072,321 3,441,760 3,616,439 3,888,460 4,197,486 4,845,615 5,360,878

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
43,900 -30,114 24,332 19,142 26,297 14,477 77,406 -96,508 29,556 23,929 89,919 57,695
-1,678 169 -2,271 -791 -3,424 -2,747 -4,572 13,053 220 -555 -3,670 -2,652
1,252 2,209 -4,424 3,583 -1,553 4,348 -4,196 5,547 448 5,430 7,143 -3,845
Net Cash Flow 43,474 -27,737 17,637 21,934 21,320 16,078 68,638 -77,908 30,223 28,803 93,392 51,198

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
ROE % 13% 16% 16% 10% 11% 7% -0% -2% 1% 7% 9% 12%

Shareholding Pattern

Numbers in percentages

12 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
57.88 57.68 57.63 57.64 57.63 57.64 57.63 57.62 57.62 57.60 57.59 57.57
10.83 10.98 9.59 7.91 7.75 9.82 9.94 10.34 10.55 10.37 9.97 9.62
24.35 24.51 24.55 24.70 25.29 24.88 24.40 24.19 24.17 24.10 24.66 25.09
0.05 0.05 0.11 0.20 0.20 0.20 0.20 0.15 0.15 0.15 0.15 0.15
6.89 6.78 8.12 9.55 9.13 7.46 7.83 7.70 7.51 7.78 7.63 7.58

Documents

Concalls