SBIN.NS — State Bank of India

Generated 2026-06-10 22:23
USAIND

Quarterly Verdict

🔴 23/100

Avoid for now

Quality grade F; 1 improving / 4 weakening metrics this quarter.

➖ Pricing power (gross margin): Gross margin 0% — thin margins
➕ Non-cyclical (beta): Beta 0.37 — low volatility vs market
➖ Buyback efficiency (net share-count Δ): Shares outstanding +3.4% YoY — dilution — share count rising
➖ Revenue -5.4% vs last quarter
➖ Net income -7.9% vs last quarter
➖ Free cash flow -25.4% vs last quarter
➕ Cash +112.9% vs last quarter
➖ Debt +6.1% vs last quarter

Heuristic from the Quality Scorecard + quarter-over-quarter trends. Not financial advice.

Valuation

Analyst consensus
UndervaluedFairOvervalued
Target ₹1,195.00 · Price ₹1,003.25 · +16% margin of safety · 38 analysts · range ₹980.00–₹1,301.00

Outside circle of competence — analyst targets only. Not financial advice.

Key Trends (6-yr)

GAAP EPS
Sales
Shares Outstanding

Quality Scorecard

F38/100
❌ Pricing power (gross margin) 0% Gross margin 0% — thin margins
⚪ Free cash flow yield — data unavailable
⚪ Leverage (net debt / EBITDA) — data unavailable
✅ Non-cyclical (beta) 0.37 Beta 0.37 — low volatility vs market
⚪ Recurring revenue — no recurring-revenue tag (add to watchlist.json / company_meta.json)
🟡 Returns capital to shareholders yes dividend ~1.7%; shares +3.4%/yr
❌ Buyback efficiency (net share-count Δ) +3.4%/yr Shares outstanding +3.4% YoY — dilution — share count rising

Compounder checklist (proxy metrics from yfinance). 4 of 7 criteria scored. Not financial advice.

Company Overview

Basic Information

Company Name: State Bank of India
Symbol: SBIN.NS
Exchange: NSI
Sector: Financial Services
Industry: Banks - Regional

Company Details

Country: India
City: Mumbai
Employees: 245,131
Market Cap: ₹9.26T
Website: https://sbi.bank.in

Business Description

State Bank of India provides banking products and services in India and internationally. The company operates through the Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business segments. It offers personal banking products and services, including current, savings, salary, and deposit accounts; home, personal, pension, auto, education, and gold loans, as well as loans against insurance property, and securities; debit, business debit, prepaid, and green remit cards; overdrafts; mutual funds, insurance, equity trading, portfolio investment schemes, remittance services; digital lending; and mobile, internet, and digital banking services. The company also provides corporate banking products and services comprising corporate accounts, working capital and project finance, deferred payment guarantees, corporate term loans, structured finance, dealer and channel financing, equipment leasing, loan syndication, construction equipment loans, financing Indian firms' overseas subsidiaries or JVs, and cash management, as well as trade and service products. In addition, it offers NRI services, including accounts, investments, loans, and remittances; agricultural banking services; and international banking services. Further, it provides life and general insurance; estate planning services; merchant banking and advisory; securities broking; trusteeship service; factoring; payment solution; asset management; portfolio and investment management; credit cards; and custody and fund accounting services. State Bank of India was founded in 1806 and is headquartered in Mumbai, India.

Key Metrics

Price & Valuation

Current Price
₹1.00K
Market Cap
₹9.26T
P/E Ratio
11.01
Forward P/E
9.82
PEG Ratio
0.53
Price to Book
1.56

Profitability

Profit Margin: 22.11%
Operating Margin: 28.96%
Gross Margin: 0.00%
Return on Equity (ROE): 15.48%
Return on Assets (ROA): 1.11%
Revenue Growth: 7.10%

Financial Health

Current Ratio: N/A
Quick Ratio: N/A
Debt to Equity: N/A
Total Debt: ₹8.61T
Total Cash: ₹2.26T
Beta: 0.37

Trading & Analyst Info

52-Week Range

52-Week High: ₹1.23K
52-Week Low: ₹781.70
50-Day Average: ₹1.02K
200-Day Average: ₹1.00K

Analyst Recommendations

Recommendation: STRONG_BUY
Target Mean Price: ₹1.20K
Target High: ₹1.30K
Target Low: ₹980.00

Price History

Financial Statements

Income Statement (Annual)

Item2026-03-312025-03-312024-03-312023-03-31
Tax Effect Of Unusual Items₹-17.65M₹-41.73M₹-63.82M₹-72.54M
Tax Rate For Calcs₹0.24₹0.26₹0.25₹0.25
Total Unusual Items₹-73.17M₹-162.29M₹-252.05M₹-290.32M
Total Unusual Items Excluding Goodwill₹-73.17M₹-162.29M₹-252.05M₹-290.32M
Net Income From Continuing Operation Net Minority Interest₹832.99B₹775.61B₹670.85B₹556.48B
Reconciled Depreciation₹48.30B₹39.91B₹38.49B₹36.96B
Net Interest Income₹2.00T₹1.89T₹1.79T₹1.61T
Interest Expense₹3.15T₹3.01T₹2.60T₹1.90T
Interest Income₹5.15T₹4.90T₹4.39T₹3.51T
Normalized Income₹833.04B₹775.73B₹671.03B₹556.70B
Net Income From Continuing And Discontinued Operation₹832.99B₹775.61B₹670.85B₹556.48B
Diluted Average Shares₹9.14B₹8.92B₹8.92B₹8.92B
Basic Average Shares₹9.14B₹8.92B₹8.92B₹8.92B
Diluted EPS₹91.16₹86.91₹75.17₹62.35
Basic EPS₹91.16₹86.91₹75.17₹62.35

Showing 15 of 38 rows

Balance Sheet (Annual)

Item2026-03-312025-03-312024-03-312023-03-31
Treasury Shares NumberN/AN/A₹0.00N/A
Ordinary Shares Number₹9.23B₹8.92B₹8.92B₹8.92B
Share Issued₹9.23B₹8.92B₹8.92B₹8.92B
Net Debt₹597.79B₹2.53T₹3.13T₹2.03T
Total Debt₹7.27T₹6.18T₹5.57T₹5.22T
Tangible Book Value₹5.30T₹4.86T₹4.14T₹3.57T
Invested Capital₹13.23T₹11.05T₹9.71T₹8.81T
Net Tangible Assets₹5.30T₹4.86T₹4.14T₹3.57T
Common Stock Equity₹5.96T₹4.87T₹4.15T₹3.59T
Total Capitalization₹13.23T₹11.05T₹9.71T₹8.81T
Total Equity Gross Minority Interest₹6.15T₹5.05T₹4.31T₹3.72T
Minority Interest₹187.68B₹180.26B₹156.18B₹128.37B
Stockholders Equity₹5.96T₹4.87T₹4.15T₹3.59T
Fixed Assets Revaluation Reserve₹344.21B₹273.56B₹275.56B₹639.83B
Retained Earnings₹1.43T₹1.08T₹720.19B₹419.23B

Showing 15 of 44 rows

Cash Flow Statement (Annual)

Item2026-03-312025-03-312024-03-312023-03-312022-03-31
Free Cash Flow₹297.34B₹398.47B₹174.57B₹-900.57BN/A
Repurchase Of Capital StockN/AN/AN/AN/A₹0.00
Repayment Of Debt₹-196.72B₹-151.04B₹-142.88B₹-21.25BN/A
Issuance Of Debt₹137.38B₹215.00B₹201.65B₹195.33BN/A
Issuance Of Capital Stock₹249.95B₹1.29M₹0.00₹64.00KN/A
Capital Expenditure₹-83.63B₹-56.37B₹-41.75B₹-40.44BN/A
End Cash Position₹4.02T₹3.58T₹3.27T₹3.18TN/A
Beginning Cash Position₹3.58T₹3.27T₹3.18T₹3.99TN/A
Effect Of Exchange Rate Changes₹99.31B₹22.48B₹7.76B₹30.75BN/A
Changes In Cash₹339.79B₹291.12B₹74.84B₹-836.68BN/A
Financing Cash Flow₹-34.27B₹-107.37B₹-98.96B₹63.86BN/A
Net Other Financing Charges₹-5.76B₹23.62B₹29.01B₹16.40BN/A
Interest Paid Cff₹-77.22B₹-72.69B₹-85.89B₹-63.25BN/A
Cash Dividends Paid₹-141.90B₹-122.27B₹-100.85B₹-63.37BN/A
Common Stock Dividend Paid₹-141.90B₹-122.27B₹-100.85B₹-63.37BN/A

Showing 15 of 44 rows

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