SBI Cards AndPayment

₹679.5 -16 | 2.3%

WEBSITE BSE:543066 NSE : SBICARD 26 Dec, 16:01

Market Cap ₹64640 Cr.

Stock P/E 26.8

P/B 4.9

Current Price ₹679.5

Book Value ₹ 137.6

Face Value 10

52W High ₹817.1

Dividend Yield 0.37%

52W Low ₹ 649

Edit Ratio

SBI Cards AndPayment Research see more...

Overview Inc. Year: 1998Industry: Finance - NBFC

SBI Cards and Payment Services Limited,NBFC, issues credit cards to individual and corporate customers in India. It acts as company insurance agent for selling coverage policies to credit card customers. The organisation additionally gives AURUM, Paytm, DMRC, BPCL, IRCTC, and SBI Elite and Prime Amex-SBI cards, as well as SimplySave and SimplyClick cards. SBI Cards and Payment Services Limited has a strategic partnership with American Express; and partnership settlement with Paytm, RuPay, and Delhi Metro Rail Corporation, in addition to collaboration with GooglePay and JioPay. The corporation was founded in 1998 and is situated in Gurugram, India. SBI Cards and Payment Services Ltd is a subsidiary company of SBI.

SBI Cards AndPayment Share Price

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Peer Comparison

SBI Cards AndPayment Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Operating Revenue	3100	3297	3507	3762	3912	4087	4622	4348	4359	4421
Other Income	163	156	149	154	134	134	120	127	124	135
Total Income	3263	3453	3656	3917	4046	4221	4742	4475	4483	4556
Total Expenditure	2074	2341	2467	2565	2631	2760	3258	2811	2867	3173
Operating Profit	1188	1112	1190	1352	1415	1461	1484	1664	1615	1383
Interest Expense	308	368	464	507	571	605	695	724	767	788
Depreciation	39	39	41	45	48	47	51	52	49	50
Profit Before Tax	841	706	684	800	797	809	738	888	799	545
Provision for Tax	214	180	175	203	203	206	189	226	205	141
Profit After Tax	627	526	509	596	593	603	549	662	594	404
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	627	526	509	596	593	603	549	662	594	404
Adjusted Earnings Per Share	6.6	5.6	5.4	6.3	6.2	6.4	5.8	7	6.3	4.3

SBI Cards AndPayment Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Operating Revenue	1437	1820	2387	3346	5187	6999	9276	9296	10677	13667	16968	17750
Other Income	74	86	106	125	183	288	476	417	1181	619	515	506
Total Income	1510	1905	2493	3471	5370	7287	9752	9714	11858	14286	17484	18256
Total Expenditure	912	1256	1521	1768	3066	4588	6230	6866	8034	8807	10742	12109
Operating Profit	599	649	972	1703	2305	2699	3522	2847	3824	5478	6741	6146
Interest Expense	305	378	533	1127	1361	1308	1689	1400	1503	2284	3313	2974
Depreciation	1	1	1	5	24	55	104	123	149	164	197	202
Profit Before Tax	293	271	438	572	919	1335	1730	1324	2172	3031	3232	2970
Provision for Tax	0	4	154	199	318	470	485	339	556	772	824	761
Profit After Tax	293	267	284	373	601	865	1245	985	1616	2258	2408	2209
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	293	267	284	373	601	865	1245	985	1616	2258	2408	2209
Adjusted Earnings Per Share	3.7	3.4	3.6	4.7	7.7	10.3	13.3	10.5	17.1	23.9	25.3	23.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	24%	22%	19%	28%
Operating Profit CAGR	23%	33%	20%	27%
PAT CAGR	7%	35%	23%	23%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-12%	-9%	NA%	NA%
ROE Average	22%	24%	23%	29%
ROCE Average	14%	14%	14%	16%

SBI Cards AndPayment Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	746	966	1155	1449	2353	3588	5341	6302	7753	9830	12084
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	141	241	341	563	1771	3232	4733	5019	7487	7967	7898
Current Liability	3827	5019	6339	8751	11551	13152	15095	15561	19249	27560	37995
Other Liabilities & Provisions	276	-67	-45	-127	-78	11	-137	-265	-59	-58	-160
Total Liabilities	4989	6158	7790	10636	15598	19983	25032	26618	34430	45299	57817
Loans	0	0	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	1	1	334	419	1572	2504
Fixed Assets	1	2	2	24	242	196	311	308	439	551	542
Other Loans	795	537	592	32	64	65	32	72	61	31	22
Other Non Current Assets	0	0	0	0	124	27	40	10	14	23	22
Current Assets	4193	5620	7196	10580	15168	19692	24648	25893	33496	43122	54726
Total Assets	4989	6158	7790	10636	15598	19983	25032	26618	34430	45299	57817

SBI Cards AndPayment Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	84	162	291	274	283	312	734	516	643	758	990
Cash Flow from Operating Activities	-398	-879	-1158	-2235	-2877	-2327	-4063	692	-4391	-6671	-5452
Cash Flow from Investing Activities	1	1	1	-1	-31	-76	-77	-997	-538	-921	-1457
Cash Flow from Financing Activities	475	1008	1141	2244	2935	2824	3923	432	5045	7824	8401
Net Cash Inflow / Outflow	78	130	-17	9	26	422	-218	127	115	232	1492
Closing Cash & Cash Equivalent	162	291	274	283	473	734	516	643	758	990	2482

SBI Cards AndPayment Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	3.73	3.4	3.62	4.75	7.66	10.33	13.26	10.47	17.14	23.87	25.32
CEPS(Rs)	3.74	3.41	3.63	4.81	7.97	10.99	14.36	11.78	18.71	25.6	27.39
DPS(Rs)	0	0.5	1	1	0	1	1	0	2.5	2.5	2.5
Book NAV/Share(Rs)	9.5	12.3	14.71	18.46	28.76	41.72	56.69	66.54	81.69	103.48	126.94
Net Profit Margin	20.4	14.66	11.89	11.14	11.59	12.36	13.42	10.59	15.14	16.53	14.19
Operating Margin	41.63	35.63	40.7	50.76	43.96	37.77	36.85	29.3	34.42	38.89	38.57
PBT Margin	20.4	14.87	18.36	17.08	17.72	19.08	18.65	14.24	20.34	22.17	19.05
ROA(%)	6.91	4.78	4.07	4.05	4.58	4.86	5.53	3.81	5.29	5.67	4.67
ROE(%)	48.89	31.16	26.77	28.64	32.43	30.08	28.24	17	23.15	25.82	22.03
ROCE(%)	15.95	13.09	15.24	20.22	19.42	17.11	17.07	11.56	13.38	14.83	14.09
Price/Earnings(x)	0	0	0	0	0	0	46.65	88.78	49.71	30.98	26.95
Price/Book(x)	0	0	0	0	0	0	10.91	13.97	10.43	7.15	5.38
Dividend Yield(%)	0	0	0	0	0	0	0.16	0	0.29	0.34	0.37
EV/Net Sales(x)	2.87	2.85	2.7	2.62	2.26	1.94	8.08	11.25	9.57	7.3	6.01
EV/Core EBITDA(x)	6.88	8	6.62	5.15	5.09	5.04	21.28	36.73	26.73	18.2	15.14
Interest Earned Growth(%)	42.72	26.65	31.16	40.19	55.01	34.94	32.54	0.22	14.85	28	24.16
Net Profit Growth	115	-9.01	6.45	31.33	61.23	43.89	43.92	-20.91	64.16	39.74	6.62
EPS Growth(%)	115	-9.01	6.45	31.33	61.23	34.91	28.32	-21.04	63.69	39.32	6.07
Interest Coverage(x) %	1.96	1.72	1.82	1.51	1.68	2.02	2.02	1.95	2.44	2.33	1.98

SBI Cards AndPayment Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	69.64	69.41	69.05	69.02	68.96	68.94	68.75	68.63	68.62	68.61
FII	8.29	8.82	9.13	8.45	9.48	9.09	9.35	8.59	8.73	9.18
DII	16.24	16.99	16.72	17.47	17.18	17.29	16.28	16.69	16.53	16.75
Public	5.83	4.77	5.11	5.06	4.38	4.69	5.61	6.1	6.12	5.47
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	65.69	65.48	65.3	65.3	65.27	65.26	65.37	65.26	65.26	65.26
FII	7.82	8.32	8.63	7.99	8.97	8.6	8.89	8.17	8.3	8.73
DII	15.32	16.03	15.81	16.53	16.25	16.37	15.48	15.87	15.72	15.94
Public	5.5	4.5	4.83	4.79	4.14	4.44	5.34	5.8	5.82	5.2
Others	0	0	0	0	0	0	0	0	0	0
Total	94.33	94.33	94.57	94.61	94.64	94.67	95.08	95.1	95.11	95.13

Pros

Company has delivered good profit growth of 22% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 24%
Company has reduced debt.

Cons

Stock is trading at 4.9 times its book value.

* 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.