State Bank of India

About [ edit ]

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.#

Key Points [ edit ]
  • Market Cap 319,724 Cr.
  • Current Price 358
  • High / Low 428 / 149
  • Stock P/E 15.6
  • Book Value 281
  • Dividend Yield 0.00 %
  • ROCE 4.99 %
  • ROE 6.79 %
  • Face Value 1.00

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.35% over past five years.
  • Company has a low return on equity of 2.02% for last 3 years.
  • Contingent liabilities of Rs.1276873.81 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.102758.36 Cr.

Peer comparison

Sector: Banks Industry: Banks - Public Sector

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
Revenue 58,210 61,200 61,427 64,910 65,785 65,594 67,356 71,026 65,875 69,940 70,043 70,100
Interest 36,238 37,272 38,269 39,889 40,437 40,139 40,105 40,487 40,392 40,301 39,023 38,297
57,119 43,786 39,550 36,661 49,602 37,662 46,398 42,397 50,113 41,838 49,043 50,270
Financing Profit -35,147 -19,858 -16,392 -11,640 -24,255 -12,207 -19,147 -11,859 -24,630 -12,199 -18,024 -18,467
Financing Margin % -60% -32% -27% -18% -37% -19% -28% -17% -37% -17% -26% -26%
Other Income 23,366 13,793 18,342 19,480 25,750 17,684 25,183 24,359 30,934 19,412 25,330 27,082
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -11,782 -6,065 1,950 7,840 1,495 5,477 6,035 12,500 6,304 7,212 7,307 8,615
Tax % 36% 33% 61% 38% -4% 42% 40% 46% 28% 28% 26% 26%
Net Profit -7,542 -4,230 576 4,709 1,244 2,950 3,375 6,532 6,910 4,776 5,246 6,258
EPS in Rs -8.45 -4.74 0.65 5.28 1.39 3.31 3.78 7.32 7.74 5.35 5.88 7.01
Gross NPA % 10.56% 7.43% 7.42% 6.07% 5.36%
Net NPA % 5.20% 2.97% 3.02% 2.20% 1.83%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
Revenue 91,667 100,081 113,636 147,197 167,976 189,062 207,974 220,633 230,447 228,970 253,322 269,852 275,958
Interest 62,626 66,638 68,086 89,320 106,818 121,479 133,179 143,047 149,115 146,603 155,867 161,124 158,014
32,290 47,201 57,966 61,682 66,242 82,151 96,624 109,964 145,622 169,034 166,104 172,909 191,264
Financing Profit -3,250 -13,758 -12,416 -3,804 -5,084 -14,568 -21,828 -32,378 -64,290 -86,666 -68,649 -64,181 -73,320
Financing Margin % -4% -14% -11% -3% -3% -8% -10% -15% -28% -38% -27% -24% -27%
Other Income 22,069 33,761 33,716 29,645 32,543 37,836 49,264 52,807 68,149 77,527 77,365 98,159 102,758
Depreciation 924 1,322 1,381 1,372 1,577 1,942 1,581 2,252 2,915 3,105 3,496 3,662 0
Profit before tax 17,895 18,682 19,920 24,469 25,882 21,326 25,855 18,177 945 -12,245 5,220 30,317 29,439
Tax % 38% 36% 44% 35% 29% 32% 32% 30% 141% 66% 41% 40%
Net Profit 10,955 11,734 10,685 15,343 17,916 14,174 16,994 12,225 241 -4,556 2,300 19,768 23,190
EPS in Rs 17.26 18.48 16.83 22.86 26.19 18.99 22.76 15.75 0.30 -5.11 2.58 22.15 25.98
Dividend Payout % 17% 16% 18% 15% 16% 16% 15% 17% 859% 0% 0% 0%
Compounded Sales Growth
10 Years:10%
5 Years:5%
3 Years:5%
TTM:2%
Compounded Profit Growth
10 Years:3%
5 Years:-1%
3 Years:309%
TTM:67%
Stock Price CAGR
10 Years:3%
5 Years:14%
3 Years:13%
1 Year:115%
Return on Equity
10 Years:6%
5 Years:2%
3 Years:2%
Last Year:7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
635 635 635 671 684 747 747 776 797 892 892 892
Reserves 71,756 82,501 82,836 105,559 124,349 146,624 160,641 179,816 216,395 229,429 233,603 250,168
Borrowings 1,117,246 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
115,190 128,469 166,272 150,720 176,355 185,573 240,149 276,472 288,391 294,860 299,676 339,364
Total Liabilities 1,304,826 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
4,937 5,528 6,141 7,027 8,694 10,223 12,924 15,415 51,189 40,301 39,941 39,608
CWIP 287 486 346 381 676 337 400 786 695 925 762 470
Investments 372,231 412,749 419,066 460,949 519,343 579,401 673,507 807,375 1,027,281 1,183,794 1,119,270 1,228,284
927,371 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
Total Assets 1,304,826 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

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
33,363 -8,372 43,900 -30,114 24,332 19,142 26,297 14,477 77,406 -96,508 29,556 23,929
-1,631 -1,763 -1,678 169 -2,271 -791 -3,424 -2,747 -4,572 13,053 220 -555
4,501 -3,273 1,252 2,209 -4,424 3,583 -1,553 4,348 -4,196 5,547 448 5,430
Net Cash Flow 36,233 -13,408 43,474 -27,737 17,637 21,934 21,320 16,078 68,638 -77,908 30,223 28,803

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROE % 16% 15% 13% 16% 16% 10% 11% 7% 0% -2% 1% 7%

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
58.47 58.51 58.53 57.92 57.88 57.88 57.68 57.63 57.64 57.63 57.64 57.63
10.35 10.21 9.37 9.87 10.85 10.83 10.98 9.59 7.91 7.75 9.82 9.94
23.46 23.74 24.51 24.48 23.77 24.35 24.51 24.55 24.70 25.29 24.88 24.40
0.07 0.05 0.05 0.05 0.05 0.05 0.05 0.11 0.20 0.20 0.20 0.20
7.65 7.50 7.54 7.68 7.45 6.89 6.78 8.12 9.55 9.13 7.46 7.83

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