State Bank of India

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]

See full details
  • Market Cap 393,352 Cr.
  • Current Price 441
  • High / Low 472 / 182
  • Stock P/E 15.7
  • Book Value 309
  • Dividend Yield 0.91 %
  • ROCE 4.53 %
  • ROE 8.21 %
  • Face Value 1.00

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.74% over past five years.
  • Company has a low return on equity of 5.45% for last 3 years.
  • Contingent liabilities of Rs.1770797.16 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.112117.77 Cr.

Peer comparison

Sector: Banks Industry: Banks - Public Sector

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Revenue 61,427 64,910 65,785 65,594 67,356 71,026 65,875 69,940 70,043 70,100 68,033 68,960
Interest 38,269 39,889 40,437 40,139 40,105 40,487 40,392 40,301 39,023 38,297 38,389 38,249
39,550 36,661 49,602 37,662 46,398 42,397 50,113 41,838 49,043 50,270 55,380 44,698
Financing Profit -16,392 -11,640 -24,255 -12,207 -19,147 -11,859 -24,630 -12,199 -18,024 -18,467 -25,737 -13,987
Financing Margin % -27% -18% -37% -19% -28% -17% -37% -17% -26% -26% -38% -20%
Other Income 18,342 19,480 25,750 17,684 25,183 24,359 30,934 19,412 25,330 27,082 35,398 24,307
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1,950 7,840 1,495 5,477 6,035 12,500 6,304 7,212 7,307 8,615 9,661 10,320
Tax % 61% 38% -4% 42% 40% 46% 28% 28% 26% 26% 25% 27%
Net Profit 576 4,709 1,244 2,950 3,375 6,532 6,910 4,776 5,246 6,258 6,126 7,380
EPS in Rs 0.65 5.28 1.39 3.31 3.78 7.32 7.74 5.35 5.88 7.01 6.86 8.27
Gross NPA % 7.43% 7.42% 6.07% 5.36%
Net NPA % 2.97% 3.02% 2.20% 1.83%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
Revenue 100,081 113,636 147,197 167,976 189,062 207,974 220,633 230,447 228,970 253,322 269,852 278,115 277,135
Interest 66,638 68,086 89,320 106,818 121,479 133,179 143,047 149,115 146,603 155,867 161,124 156,010 153,958
47,201 57,966 61,729 66,283 82,198 96,675 109,985 145,666 169,034 166,104 172,909 192,821 199,392
Financing Profit -13,758 -12,416 -3,851 -5,124 -14,614 -21,879 -32,399 -64,334 -86,666 -68,649 -64,181 -70,715 -76,214
Financing Margin % -14% -11% -3% -3% -8% -11% -15% -28% -38% -27% -24% -25% -28%
Other Income 33,761 33,716 29,692 32,584 37,882 49,315 52,828 68,193 77,527 77,365 98,159 107,222 112,118
Depreciation 1,322 1,381 1,372 1,577 1,942 1,581 2,252 2,915 3,105 3,496 3,662 3,711 0
Profit before tax 18,682 19,920 24,469 25,882 21,326 25,855 18,177 945 -12,245 5,220 30,317 32,796 35,904
Tax % 36% 44% 35% 29% 32% 32% 30% 141% 66% 41% 40% 26%
Net Profit 11,734 10,685 15,343 17,916 14,174 16,994 12,225 241 -4,556 2,300 19,768 22,405 25,009
EPS in Rs 18.48 16.83 22.86 26.19 18.99 22.76 15.75 0.30 -5.11 2.58 22.15 25.11 28.02
Dividend Payout % 16% 18% 15% 16% 16% 15% 17% 859% 0% 0% 0% 16%
Compounded Sales Growth
10 Years:9%
5 Years:5%
3 Years:7%
TTM:1%
Compounded Profit Growth
10 Years:7%
5 Years:12%
3 Years:89%
TTM:46%
Stock Price CAGR
10 Years:9%
5 Years:12%
3 Years:18%
1 Year:142%
Return on Equity
10 Years:6%
5 Years:3%
3 Years:5%
Last Year:8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
635 635 671 684 747 747 776 797 892 892 892 892
Reserves 82,501 82,836 105,559 124,349 146,624 160,641 179,816 216,395 229,429 233,603 250,168 274,669
Borrowings 1,238,539 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
128,469 166,272 150,720 176,355 185,573 240,149 276,472 288,391 294,860 299,676 339,364 420,926
Total Liabilities 1,450,144 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
5,528 6,141 7,027 8,694 10,223 12,924 15,415 51,189 40,301 39,941 39,608 39,699
CWIP 486 346 381 676 337 400 786 695 925 762 470 468
Investments 412,749 419,066 460,949 519,343 579,401 673,507 807,375 1,027,281 1,183,794 1,119,270 1,228,284 1,595,100
1,031,381 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 3,210,348
Total Assets 1,450,144 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

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-8,372 43,900 -30,114 24,332 19,142 26,297 14,477 77,406 -96,508 29,556 23,929 89,919
-1,763 -1,678 169 -2,271 -791 -3,424 -2,747 -4,572 13,053 220 -555 -3,670
-3,273 1,252 2,209 -4,424 3,583 -1,553 4,348 -4,196 5,547 448 5,430 7,143
Net Cash Flow -13,408 43,474 -27,737 17,637 21,934 21,320 16,078 68,638 -77,908 30,223 28,803 93,392

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROE % 15% 13% 16% 16% 10% 11% 7% 0% -2% 1% 7% 8%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
58.51 58.53 57.92 57.88 57.88 57.68 57.63 57.64 57.63 57.64 57.63 57.62
10.21 9.37 9.87 10.85 10.83 10.98 9.59 7.91 7.75 9.82 9.94 10.34
23.74 24.51 24.48 23.77 24.35 24.51 24.55 24.70 25.29 24.88 24.40 24.19
0.05 0.05 0.05 0.05 0.05 0.05 0.11 0.20 0.20 0.20 0.20 0.15
7.50 7.54 7.68 7.45 6.89 6.78 8.12 9.55 9.13 7.46 7.83 7.70

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