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State Bank of India share Price Today

Company details

723.00
746.55
501.55
793.40
6M Return 22.54%
1Y Return 39.31%
Mkt Cap.(Cr) 653,236.98
Volume 23,109,268
Div Yield 1.55%
OI
-
OI Chg %
-
Volume 23,109,268

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Incur '0' Brokerage upto ₹500
One-off dent earnings; outlook remains steady…
About The Stock

    SBI is a public sector bank and also the largest bank in India with a balance sheet size of ~ ₹ 48 lakh crore.

    • Strong liability franchisee with trend setting abilities in terms of rates
    • Best operating metrics in the PSU banking space
Q3FY22

    Healthy performance on the asset quality front and growth.

    • GNPA down 40 bps QoQ to 4.5%, restructured book at 1.2% of loans
    • NII up 6.5% YoY, NIM down 9 bps QoQ to 3.2%, C/I ratio at 52.9%
    • Provisions at ₹ 6974 crore, PAT up 62.3% YoY at ₹ 8431 crore
    • Gross advances up 8.5% YoY (higher than estimates) and deposits up 8.8% YoY, CASA at 45.7%

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Research view on more stocks

State Bank of India announced Q3FY24 & 9MFY24 results:

Profitability:

  • Net Profit for 9MFY24 at Rs 40,378 crore improved by 20.40% over 9MFY23 (Rs 33,538 crore). Net Profit for Q3FY24 at Rs 9,164 crore after accounting for one-time exceptional item of Rs 7,100 crore.
  • Operating Profit for Q3FY24 is at Rs 20,336 crore.
  • Bank’s ROA and ROE for 9MFY24 stand at 0.94% and 19.47% respectively.
  • ROA for Q3FY24 is at 0.62%.
  • Net Interest Income (NII) for Q3FY24 increased by 4.59% YoY.
  • Whole Bank NIM for 9MFY24 decreased by 1 bp YoY to 3.28% while Domestic NIM for 9MFY24 decreased by 8 bps YoY to 3.41%

Balance Sheet:

  • Credit growth at 14.38% YoY with Domestic Advances growing by 14.47% YoY.
  • Corporate Advances and SME Advances cross Rs 10 lakh crore and 4 lakh crore respectively.
  • Foreign Offices’ Advances grew by 13.90% YoY.
  • Domestic Advances growth driven by SME Advances (19.24% YoY) followed by Agri Advances which grew by 18.12% YoY.
  • Retail Personal Advances and Corporate loans registered YoY growth of 15.28% and 10.71% respectively.
  • Whole Bank Deposits grew at 13.02% YoY, out of which CASA Deposit grew by 4.48% YoY. CASA ratio stands at 41.18% as on 31st December 23.

Asset Quality:

  • Gross NPA ratio at 2.42% improved by 72 bps YoY.
  • Net NPA ratio at 0.64% improved by 13 bps YoY.
  • PCR (Incl. AUCA) stands at 91.49%. Provision Coverage Ratio (PCR) at 74.17% declined by 195 bps YoY.
  • Slippage Ratio for 9MFY24 improved by 5 bps YoY and stands at 0.67%. Slippage Ratio for Q3FY24 increased by 17 bps YoY and stands at 0.58%.
  • Credit Cost for Q3FY24 remained flat YoY at 0.21%.

Capital Adequacy:

  • Capital Adequacy Ratio (CAR) as at the end of Q3FY24 stands at 13.05%.

Alternate Channels:

  • Share of Alternate Channels in total transactions increased from ~97.2% in 9MFY23 to ~97.7% in 9MFY24.

 

Result PDF

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State Bank of India shares SWOT Analysis

Strengths (7)

  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year
  • Increasing Revenue every Quarter for the past 4 Quarters

Weakness (6)

  • Red Flag: High Interest Payments Compared to Earnings
  • Companies with High Debt
  • MFs decreased their shareholding last quarter

Opportunity (1)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE

Threats (2)

  • Increase in NPA in Recent Results
  • Increase in Provisions in Recent Results

Resistance and support

R1 738.5
R2 746.1
R3 754.3
Pivot

730.32

S1 722.7
S2 714.5
S3 706.9
EMA SMA
748.2
712.6
672.1
632.8
760.5
699.7
649.7
616.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
THE JUPITER GLOBAL FUND-JUPITER INDIA SELECT Block Purchase 2024-02-27 759 1556819 BSE
JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED Block Sell 2024-02-27 759 1556819 BSE
C WORLDWIDE ASIA Block Purchase 2022-12-13 613.05 1856311 BSE
Name Category Shares
PRESIDENT OF INDIA PROMOTER 57.49%

OUR RESEARCH VIEW

Investment recommendation
One-off dent earnings; outlook remains steady…
Call Date
07 Feb 2024
Entry Price 670.00
Target Price 800.00
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

State Bank of India Stocks COMPARISON

Financials( in Cr) State Bank of India HDFC Bank Ltd ICICI Bank Ltd Kotak Mahindra Bank Ltd Axis Bank Ltd
Price 731.95 1,446.20 1,079.15 1,740.20 1,051.00
% Change -1.23 -0.64 -0.41 -0.13 -0.69
Mcap Cr 653,236.98 1,098,025.18 757,004.95 345,891.20 324,130.40
Revenue TTM Cr 350,844.58 170,754.05 121,066.81 42,151.06 87,448.37
Net Profit TTM Cr 56,558.43 46,148.70 34,463.03 14,780.44 10,852.66
PE TTM 9.44 18.61 17.89 19.80 12.70
1 Year Return 39.31 -7.55 29.96 5.58 26.19
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 18.44 17.20 17.66 14.14 8.75
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 358,931.32 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,949.36 46,625.05
LAST 3M 62,706.47 30,325.37
LAST 6M 124,059.31 61,387.51
LAST 12M 183,733.61 212,735.20
State Bank Of India - Others

Mar 18, 2024 l NSE Announcement

State Bank Of India - Loss of Share Certificates

Mar 15, 2024 l NSE Announcement

State Bank of India - Copy of Newspaper Publication

Mar 14, 2024 l NSE Announcement

Date Action Type Ratio
May 31, 2023 Dividend 1130
May 25, 2022 Dividend 710

State Bank of India Information

Stock PE (TTM)
9.44
Promoter Holding
56.92%
Book Value
423.8812
ROE
18.44%
Description
  • State Bank of India is a Financial sector company, having a market capitalization of worth Rs.3,03,347.55 Cr as of 16 April 2021. The bank was incorporated in 1806. The bank has reported its consolidated quarterly revenue of Rs.66,734.50 Cr as of December 2020. The bank is listed as a constituent of the Bombay Stock Exchange (BSE) with the code 500112 and the National Stock Exchange (NSE) with the symbol (SBIN). State Bank of India (SBI), formerly known as Imperial Bank of India, is the largest and the oldest bank in the country. It is ranked 43rd largest bank in the world. This public-sector bank has many subsidiaries like SBI Life Insurance Ltd., SBI General Insurance, Yes Bank, etc. The State Bank of India is the world's largest and oldest public sector commercial bank, with over twenty decades of experience servicing customers in and across the country. The bank was established as the Imperial Bank of India when the Bank of Madras, the Bank of Bombay and the Bank of Calcutta merged and renamed as the State Bank of India in the year 1955 by the Indian Government who took 60 per cent of the stake of the Imperial Bank of India with Reserve Bank of India (India's central bank), renaming it State Bank of India. The Government of India bought all of RBI's holdings in the bank in 2007. The bank has over 24000 branches in India as of 1 April 2017, and among the Indian banks, this bank has the most extensive presence in foreign markets with about 200 overseas offices in over 36 countries, including Australia, Bangladesh, Canada, UK, Mauritius, SBI Sri Lanka, Nepal, Moscow, Kenya and Seoul to name a few. It's a public-sector bank with many subsidiaries like SBI Life Insurance Ltd., SBI General Insurance, SBI Mutual Fund, SBI Capital Markets Ltd, SBI Cards & Payments Services Pvt. Ltd., Yes bank etc. functioning under it. It handles its operations through segments like Treasury, which includes the whole investment portfolio and trading in FOREX and derivative contracts. The Corporate or Wholesale Banking, that constitutes the lending activities of Corporate Accounts Group, Mid Corporate Accounts Group, and Stressed Assets Management Group to provide loans and transaction services to corporate and institutional clients. The Retail Banking segment has branches in National Banking Group that primarily comprises personal banking activities, which include lending activities to its corporate customers. The Other Banking business segment manages the operations of all its non-banking subsidiaries and joint ventures.

Registered Address

State Bank Bhavan 14th Floor, Madame Cama Road Nariman Point, Mumbai, Maharashtra, 400021

Tel : 91-22-22740841/42/43/44/45/46/47/48
Email : investor.complaints:sbi.co.in; gm.snb:sbi.co.in
Website : http://www.sbi.co.in
Registrar

Alankit Assignments Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500112
NSE Code : SBIN
Book Closure Date (Month) :
BSE Group : A
ISIN : INE062A01020

FAQ’s on State Bank of India Shares

You can buy State Bank of India shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy State Bank of India Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 15, 2024 03:09 PM the closing price of State Bank of India was ₹ 731.95.

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 Mar 15, 2024 03:09 PM, the market cap of State Bank of India stood at ₹ 653,236.98.

The latest PE ratio of State Bank of India as of Mar 15, 2024 03:09 PM is 9.44

The latest PB ratio of State Bank of India as of Mar 15, 2024 03:09 PM is 0.58

The 52-week high of State Bank of India is ₹ 793.40 while the 52-week low is ₹ 501.55

According to analyst recommendations, State Bank of India has a “Buy” rating for the long term.

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