loader2
Partner With Us NRI

SBI Cards & Payment Services Ltd share Price Today

Company details

708.00
713.30
678.90
933.00
6M Return -3.61%
1Y Return -20.26%
Mkt Cap.(Cr) 67,347.62
Volume 410,615
Div Yield 0.35%
OI
-
OI Chg %
-
Volume 410,615

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500
Near term pressure; gradual revival anticipated…
About The Stock

    SBI Cards is a subsidiary of State Bank of India (69.2% stake) and is the second largest credit card issuer in India.

    • Market share in terms of cards issued is 19.1% and spends is 18.0%
    • High margin business with strong return ratios, +5% RoA and +20% RoE
Q2FY23

    Continued downward trend in revolver & NIM.

    • Spends up 43% YoY, 4.4% QoQ at ₹ 62306 crore, retail spends up 45% YoY
    • NII growth at 21.4% YoY & 3.4%QoQ to ₹ 1116 crore, NIMs decline to 12.3%
    • C/I ratio up 522 bps QoQ to 59.4%; provision fell 8.1% YoY to ₹ 546 crore
    • GNPA declined to 2.1% vs. 2.2% QoQ; RBI Re at 0% of net loans

Click here for full recommendation

Research view on more stocks

Finance company SBI Cards and Payment Services announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Total income increased by 14% at Rs 4,475 crore in Q4FY24 vs Rs 3,917 crore in Q4FY23.
  • Finance costs increased by 43% at Rs 724 crore in Q4FY24 vs Rs 507 crore in Q4FY23
  • Total Operating cost decreased by 3% at Rs 1,918 crore in Q4FY24 from Rs 1,980 crore in Q4FY23
  • Earnings before credit costs increased by 28% at Rs 1,833 crore in Q4FY24 vs  Rs 1,429 crore in Q4FY23 
  • Total Revenue increased by 14% YoY at Rs 4,475 crore in Q4FY24 vs Rs 3,917 crore in Q4FY23
  • PAT increased by 11% YoY at Rs 662 crore in Q4FY24 vs Rs 596 crore in Q4FY23
  • ROAA at 4.7% in Q4FY24 vs 5.4% in Q4FY23
  • ROAE at 22.2% in Q4FY24 vs 24.6% in Q4FY23
  • Capital Adequacy Ratio at 20.5%; Tier 1 at 16.5%

FY24 Financial Highlights:

  • Total income increased by 22% at Rs 17,484 crore in FY24 vs Rs 14,286 crore in FY23
  • Finance costs increased by 58% at Rs 2,595 crore in FY24 vs Rs 1,648 crore in FY23
  • Total Operating cost increased by 12% at Rs 8,369 crore in FY24 vs Rs 7,448 crore in FY23.
  • Earnings before credit cost increased by 26% at Rs 6,519 crore in FY24 vs Rs 5,190 crore in FY23
  • Impairment losses & bad debts expenses increased by 52% at Rs 3,287 crore in FY24 vs Rs 2,159 crore in FY23
  • Profit after tax increased by 7% at Rs 2,408 crore in FY24 vs Rs 2,258 crore in FY23

Result PDF

View Other Company Results

SBI Cards & Payment Services Ltd shares SWOT Analysis

Strengths (7)

  • Rising Net Cash Flow and Cash from Operating activity
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company reducing Debt

Weakness (4)

  • MFs decreased their shareholding last quarter
  • Low Piotroski Score : Companies with weak financials
  • Near 52 Week Low

Opportunity (0)

Data not found

Threats (4)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income
  • Increase in Provisions in Recent Results

Resistance and support

R1 715.5
R2 721.2
R3 725.0
Pivot

711.77

S1 706.1
S2 702.3
S3 696.6
EMA SMA
719.2
721.5
730.9
752.9
724.6
715.7
727.7
761.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 812.35 436385 NSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-11-14 812.35 436385 NSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-03 835.9 436385 NSE
Name Category Shares
State Bank of India PROMOTER 68.63%

OUR RESEARCH VIEW

Investment recommendation
Near term pressure; gradual revival anticipated…
Call Date
01 Nov 2022
Entry Price 830.00
Target Price 950.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

SBI Cards & Payment Services Ltd Stocks COMPARISON

Financials( in Cr) SBI Cards & Payment Services Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Indian Railway Finance Corporation Ltd Jio Financial Services Ltd
Price 708.20 6,760.00 1,588.80 176.30 358.60
% Change -0.23 0.25 0.39 -1.76 0.24
Mcap Cr 67,347.62 418,441.30 253,491.29 230,397.76 227,828.76
Revenue TTM Cr 13,670.39 41,398.35 82,071.70 23,891.95 44.84
Net Profit TTM Cr 2,258.47 11,507.69 12,209.54 6,337.01 31.25
PE TTM 28.04 28.91 30.99 38.82 141.40
1 Year Return -20.26 -0.49 12.44 428.64 44.07
ROCE 13.05 11.76 12.69 5.32 0.03
ROE 25.69 23.46 28.18 14.66 0.02
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 9,830.06 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -30,251.22
LAST 3M 104,708.81 -33,860.28
LAST 6M 170,310.47 50,918.71
LAST 12M 264,009.23 128,860.46
SBI Cards and Payment Services Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 21, 2024 l NSE Announcement

Date Action Type Ratio
Mar 28, 2024 Dividend 25
Mar 29, 2023 Dividend 25
Mar 30, 2022 Dividend 25

SBI Cards & Payment Services Ltd Information

Stock PE (TTM)
28.04
Promoter Holding
68.63%
Book Value
127.0704
ROCE
13.05%
ROE
25.69%
Description
  • SBI Cards and Payment Services Limited was incorporated as a private limited company with the name "SBI Cards and Payment Services Private Limited" on May 15, 1998 in New Delhi. On the conversion of Company to a public limited company, the name was changed to, "SBI Cards and Payment Services Limited" on August 20, 2019. The Company is engaged in the business of issuing credit cards to consumers. It also acts as corporate insurance agent for selling insurance policies to credit card customers. SBI Cards and Payment Services Limited is a subsidiary of State Bank of India (SBI), is the second largest credit card issuer in the country. With more than 1.68 crore cards in force, the Company offer financial access through wide range of value-added payment products and services that fulfill transactional and credit requirements. It focus on delivering a diverse portfolio of credit cards, which support cashless and contactless digital payments in India while ensuring safety and transparency of transactions. The Company started its operations in 1998, and since then SBI`s parentage and highly trusted brand have allowed it to quickly establish a reputation of trust, reliability and transparency with its cardholders. According to the RBI, the company has grown its business faster than the Indian credit card market over the past three years both in terms of numbers of credit cards outstanding and amounts of credit card spends, and the company believes it has achieved this by leveraging its strength and capitalizing on India`s favourable economic and demographic changes, including its strong macroeconomic performance, rising affluence, increasing consumer demand, rapid urbanization and the growth of e-commerce platforms. From March 31, 2017 to March 31, 2019 its total credit card spends grew at a 54.2% CAGR (as compared to a 35.6% CAGR for the overall credit card industry, according to the RBI) and the number of its credit cards outstanding grew at a 34.5% CAGR (as compared to a 25.6% CAGR for the overall credit card industry, according to the RBI). SBI Cards has a broad credit card portfolio that includes SBI Card-branded credit cards as well as co-branded credit cards that bear both the SBI Card brand and its co-brand partners` brands. The Company offers four primary SBI Card branded credit cards: SimplySave, SimplyClick, Prime and Elite, each catering to a varying set of cardholder needs. The Company is also the largest co-brand credit card issuer in India according to the CRISIL Report, and it has partnerships with several major players in the travel, fuel, fashion, healthcare and mobility industries, including Air India, Apollo Hospitals, BPCL, Etihad Guest, Fbb, IRCTC, OLA Money and Yatra, among others. The Credit cards portfolio is tailored to meet a diverse range of cardholder needs across the entire spectrum of its cardholders` income profiles and lifestyles, from the "premium" cardholder category to the "affluent", "mass affluent", "mass" and "new to credit" categories. The Company issues its credit cards in partnership with the Visa, MasterCard and RuPay payment networks, and it is continuously looking to expand its payment network partnerships to broaden the reach and functionality of its credit card offerings. SBI Cards has a diversified customer acquisition network that enables it to engage prospective customers across multiple channels. The Company deploys a sales force of 32,677 outsourced sales personnel as of December 31, 2019 operating out of 145 Indian cities and which engages prospective customers through multiple channels, including physical points of sale in bank branches, retail stores, malls, fuel stations, railway stations, airports, corporate parks and offices, as well as through tele-sales, online channels, email, SMS marketing and mobile applications. The Company is the leading player in open market customer acquisition in India according to the CRISIL Report. SBI Cards had a presence in 3,190 open market points of sale across India as of December 31, 2019. In addition, its partnership with SBI provides access to SBI`s extensive network of 21,961 branches across India, which enables it to market their credit cards to SBI`s vast customer base of 445.5 million customers as of December 31, 2019. Its extensive physical customer acquisition network is complemented by its digital sales and marketing capabilities which include their website, mobile application and online, email and SMS marketing platforms. SBI Card sourced 34.1 lakh new accounts in FY 2020. It launched 8 new products across diverse categories and segments such as Lifestyle Home Centre, Max, Spar SBI Card, Club Vistara SBI Card, Central Bank of India SBI Card, City Union Bank SBI Card, Shaurya SBI Card, SBI Card Vyapaar Unnati, Ola Money SBI Card and IRCTC SBI Card Premier. It started issuing RuPay denominated card from September 2019 with the launch of Shaurya Cards. It engaged with leading merchant partners across categories from apparel, consumer durables to online shopping, healthcare, utility bill payments to provide value to cardholders on transacting with SBI Card. In FY20, in line with Hon`ble NCLT Order dated June 04, 2019, erstwhile SBI Business Process Management Services Pvt. Ltd (SBIBPMSL) amalgamated with SBI Cards and Payment Services Limited from the appointed date i.e. April 1, 2018. Pursuant to said Amalgamation, the Company allotted 9,51,12,054 fully paid equity shares of Rs. 10 each to the shareholders of erstwhile SBIBPMSL. In FY 2021, the Company launched BPCL SBI Card OCTANE, a premium version of the existing card. It also launched AURUM in a superior premium segment card, targeted at CXO`s. It sourced 26.9 Lac new accounts in FY21. It launched IRCTC SBI Card on RuPay platform, Delhi Metro SBI Card, Paytm SBI Card, SBI Elite and Prime Amex-SBI Card. It partnered with American Express (AMEX network to issue credit cards on their payment network. In FY 2022, the Company launched Nature`s Basket SBI Card, SBI Card PULSE, Aditya Birla SBI Card, SBI Card SPRINT and Fabindia SBI Card. It sourced 35.72 lacs new accounts to reach 1.38 Crore in FY 2022. Apart from this, it focused on digital acquisition channels for sourcing of new accounts. During FY2023, the Company introduced 52.02 lakh new accounts. The Company launched three card variants comprising of CASHBACK SBI Card, Aditya Birla SBI Card and Punjab & Sind Bank (PSB) SBI Card.

Registered Address

Unit 401&402 4th Floor E-1,2,3, Netaji Subhash Place Wazirpur, New Delhi, Delhi, 110034

Tel : 91-11-61268100
Email : investor.relations:sbicard.com
Website : http://www.sbicard.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543066
NSE Code : SBICARD
Book Closure Date (Month) :
BSE Group : A
ISIN : INE018E01016

FAQ’s on SBI Cards & Payment Services Ltd Shares

You can buy SBI Cards & Payment Services Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy SBI Cards & Payment Services Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 22, 2024 01:39 PM the closing price of SBI Cards & Payment Services Ltd was Rs.708.20.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 22, 2024 01:39 PM, the market cap of SBI Cards & Payment Services Ltd stood at Rs. 67,347.62.

The latest PE ratio of SBI Cards & Payment Services Ltd as of May 22, 2024 01:39 PM is 28.04

The latest PB ratio of SBI Cards & Payment Services Ltd as of May 22, 2024 01:39 PM is 0.18

The 52-week high of SBI Cards & Payment Services Ltd share price is Rs. 933.00 while the 52-week low is Rs. 678.90

According to analyst recommendations, SBI Cards & Payment Services Ltd Share has a "Buy" rating for the long term.

Download App

Download Our App

Play Store App Store
market app