SBICARDFinancial Services

SBI Cards and Payment Services Limited

Non Banking Financial Company (NBFC) · ISIN INE018E01016 · BSE 543066 · NSE EQ · FV ₹10
Last price
₹637
+3.05%today
What this company does

SBI Cards and Payment Services Limited operates in Non Banking Financial Company (NBFC), part of the Financial Services sector. It booked ₹5,041 cr of revenue in its latest quarter (Q1 FY27) and kept 13.2% of sales as profit. It is the 7th largest of 9 Non Banking Financial Company (NBFC) companies we track, by market value.

SBI Card, in collaboration with the Indian Pollution Control Association (IPCA), launched a project to establish a sustainable waste management system addressing plastic pollution.
In the report:
49out of 100
Equitytale Health Score
Mixed

Healthier than 49% of companies in Financial Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 95–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
46

At close. Not part of the score.

Profitability & returns55

How much profit it earns on the money it employs

Cash quality38

Whether reported profit actually arrives as cash

Growth & consistency48

Whether sales and profit have grown, and how steadily

Valuation7

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 20% vs last year
Promoters hold 69%
No promoter shares pledged
Strong 17% return on equity
Watch-outs
! Carries high debt (D/E 2.4)
! Operating cash flow is negative

What if I invest in SBICARD?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹637 +3.05%
latest close · 2026-09-17
1-year return
-41.5%
52-wk low ₹61052-wk high ₹1,165
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio22.8Average
LowAverageHigh
P/B ratio3.85High
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity16.9%Strong
WeakFairStrong ▸15%
Net margin13.2%Decent
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity2.39High
LowModerateHigh ▸1
More figures
Market cap
₹60,613 cr
Book value
₹165
EPS
₹6.98
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
4.0%
Earnings yield
4.38%
P/S
3.01
Sales / share
₹211.9
Tax rate
25.6%
Face value
₹10
Shares
95.2 cr
Working capital
Current assets
Current liabilities
Delivery %
56.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹274 vs market price ₹637 — price is 132% above it
Safety cushion-132.5%(target ≥ +20%)
Models span ₹268₹280, midpoint ₹274
Model ₹274
Price ₹637
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹5,041 cr
Other Income₹165 cr
Total Income₹5,205 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹207 cr
Finance Costs₹745 cr
Depreciation & Amortisation₹31 cr
Other Expenses₹1,986 cr
Total Expenses₹4,312 cr
Profit before Tax₹893 cr
Tax Expense₹229 cr
Net Profit₹664 cr
Net margin on total income12.8%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹207 cr4.0%
Finance costs₹745 cr14.3%
Depreciation & amortisation₹31 cr0.6%
Other expenses₹3,330 cr64.0%
Tax expense₹229 cr4.4%
Profit for the period₹664 cr12.8%
Total income ₹5,205 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue5,127 cr4,935 cr5,041 cr
Total income5,353 cr5,187 cr5,205 cr
Expenses4,604 cr4,371 cr4,312 cr
Profit before tax749 cr816 cr893 cr
Tax192 cr207 cr229 cr
Net profit (owners' share)557 cr609 cr664 cr
Net margin (owners' share, on revenue)10.9%12.3%13.2%
EPS (₹)5.856.406.98
YoY (latest quarter): total income +3.4% · net profit +19.5%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹66,328 cr
Shareholder equity
₹15,726 cr
parent shareholders
Total debt
₹37,621 cr
Cash
₹2,104 cr
Cash flow · H1 FY26
Operating
₹-4,210 cr
Investing
₹514 cr
Financing
₹4,311 cr
Peer comparison
Non Banking Financial Company (NBFC) · by market value
CompanyPriceMarket capP/E
Bajaj Finance Limited₹1,015₹6.31 L cr26.4
Shriram Finance Limited₹995₹2.34 L cr16.7
Cholamandalam Investment and Finance Company Limited₹1,765₹1.51 L cr22.7
Tata Capital Limited₹344₹1.45 L cr23.5
Muthoot Finance Limited₹2,770₹1.11 L cr9.9
L&T Finance Limited₹302₹75,742 cr21.0
SBI Cards and Payment Services Limitedthis company₹637₹60,613 cr22.8
HDB Financial Services Limited₹681₹56,586 cr18.0
Sundaram Finance Limited₹4,663₹51,398 cr20.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.39%
trailing 12 months
Dividend / share (TTM)
₹2.5
Last dividend
₹2.5
ex 11 Mar 2026
ActionDetailEx-date
Dividend₹2.5 / share11 Mar 2026
Dividend₹2.5 / share25 Feb 2025
Dividend₹2.5 / share28 Mar 2024
Dividend₹2.5 / share29 Mar 2023
Dividend₹2.5 / share30 Mar 2022
Dividend₹1 / share15 May 2020
Who owns it · 2026-06-30
No pledge
Promoter
68.9%
FII / Foreign
9.0%
DII / Domestic
18.1%
Retail / others
4.0%
Promoter stake down 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
SoldRajesh C · Employees/Designated Employees1,400 · ₹14.0 L7 Dec 21
BoughtRajesh C · Employees/Designated Employees1,400 · ₹14.0 L7 Dec 21
SoldPushpendra Singh · Employees/Designated Employees5,000 · ₹49.6 L7 Dec 21
Bulk / block deals
BoughtBNP PARIBAS FINANCIAL MARKETS · NSE97.84 L @ ₹646.0431 Aug 26
SoldBLACKROCK INTL LTD · NSE52.87 L @ ₹647.6831 Aug 26
SoldBLACKROCK GLOBAL FUNDS · NSE49.99 L @ ₹644.7531 Aug 26
Stake changes
BoughtICICI Prudential Mutual Fund→ 7.30% · 2.02 cr25 Aug 26
BoughtICICI Prudential Mutual Fund→ 5.18% · 18.04 L25 Apr 24
BoughtLife Insurance Corporation of India→ 5.02% · 3.01 L9 Feb 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 31 Aug 2026
See the official result
1
1-Consideration and adoption of the audited financial statements of the Company for the Financial Year ended March 31, 2026, together with the report of the Board of Directors and Auditors thereon along with the comments of the Comptroller and Auditor General of India (CAG).
Backed by 100% of shareholders other than promotersneeded 50%
23.79 cr votes for, 2,056 against · 0% of mutual funds and other big investors said no
2
2-Authorization to the Board of Directors to fix the remuneration or fees of the Statutory Auditors (single or Joint Auditors) of the Company, as may be appointed by the Comptroller and Auditor General of India (CAG), for the financial year 2026-27.
Backed by 100% of shareholders other than promotersneeded 50%
23.80 cr votes for, 2,123 against · 0% of mutual funds and other big investors said no
3
3-Confirmation of the payment of Interim Dividend of Rs. 2.50 (i.e. 25%) per equity share of Rs. 10 each, for the Financial Year ended March 31, 2026, as declared by the Board of Directors.
Backed by 100% of shareholders other than promotersneeded 50%
23.80 cr votes for, 2,040 against · 0% of mutual funds and other big investors said no
4
4-To consider and approve the Material Related Party Transactions with State Bank of India.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
23.80 cr votes for, 2,133 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

The named holders in this filing do not add up to the promoter total it states, so we are not presenting them as the promoter group.
How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.