SBINFinancial Services

State Bank of India

Public Sector Bank · ISIN INE062A01020 · BSE 500112 · NSE EQ · FV ₹1
Last price
₹989
-0.27%today
What this company does

State Bank of India operates in Public Sector Bank, part of the Financial Services sector. It booked ₹1.36 L cr of revenue in its latest quarter (Q1 FY27) and kept 18.0% of sales as profit. It is the largest of 9 Public Sector Bank companies we track, by market value.

70out of 100
Equitytale Health Score
Solid

Healthier than 70% of companies in Financial Services, on the 4 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)
38

At close. Not part of the score.

Profitability & returns60

How much profit it earns on the money it employs

Cash quality77

Whether reported profit actually arrives as cash

Valuation62

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, growth & consistency. 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
Strong 18% net margin
Sales up 8% vs last year
Profit up 14% vs last year
Promoters hold 55%
No promoter shares pledged
Strong 16% return on equity
Turns profit into real cash
Watch-outs
! Carries high debt (D/E 1.3)

What if I invest in SBIN?

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 We do not publish price targets or predict returns.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
₹989 -0.27%
latest close · 2026-09-17
1-year return
+140.7%
52-wk low ₹40852-wk high ₹1,125
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 ratio9.5Low
LowAverageHigh
P/B ratio1.48Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity16.0%Strong
WeakFairStrong ▸15%
Net margin18.0%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.26High
LowModerateHigh ▸1
More figures
Market cap
₹9.13 L cr
Book value
₹666
EPS
₹26.12
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
1.2%
Earnings yield
10.57%
P/S
1.67
Sales / share
₹590.4
Tax rate
25.3%
Face value
₹1
Shares
923.1 cr
Working capital
Current assets
Current liabilities
Delivery %
56.4%
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 exchange filings
not investment advice
Slightly expensiveMedium confidence
Median of 2 models ₹857 vs market price ₹989 — price is 15% above it
Safety cushion-15.3%(target ≥ +20%)
Models span ₹657₹1,057, midpoint ₹857
Model ₹857
Price ₹989
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)
Interest Earned₹1.36 L cr
Other Income₹43,821 cr
Total Income₹1.80 L cr
Interest Expended₹82,248 cr
Employee Cost₹19,219 cr
Other Operating Expenses₹39,964 cr
Total Expenditure₹1.41 L cr
Operating Profit before Provisions₹38,632 cr
Provisions & Contingencies₹5,748 cr
Profit before Tax₹32,884 cr
Tax Expense₹8,305 cr
Share of Associates₹542 cr
Net Profit₹24,579 cr
Net margin on total income13.7%
Where the money goes

Not enough income-statement detail filed to break this down yet.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1.31 L cr1.31 L cr1.36 L cr
Total income1.86 L cr1.81 L cr1.80 L cr
Expenses
Profit before tax30,067 cr26,076 cr32,884 cr
Tax8,191 cr5,914 cr8,305 cr
Net profit (owners' share)21,876 cr20,161 cr24,579 cr
Net margin (owners' share, on revenue)16.8%15.4%18.0%
EPS (₹)23.0921.2826.12
YoY (latest quarter): total income +7.8% · net profit +13.7%
Balance sheet & cash flow · as of Mar 2026
Total assets
₹83.22 L cr
Shareholder equity
₹6.15 L cr
parent shareholders
Borrowings
₹7.77 L cr
excl. customer deposits
Cash
Cash flow · H1 FY26
Operating
₹53,753 cr
Investing
₹4,616 cr
Financing
₹-6,583 cr
Peer comparison
Public Sector Bank · by market value
CompanyPriceMarket capP/E
State Bank of Indiathis company₹989₹9.13 L cr9.5
Union Bank of India₹178₹1.36 L cr6.0
Punjab National Bank₹116₹1.34 L cr5.8
Bank of Baroda₹232₹1.20 L cr16.8
Indian Bank₹841₹1.13 L cr8.4
Canara Bank₹124₹1.12 L cr5.4
Bank of India₹138₹62,914 cr4.8
Bank of Maharashtra₹81₹62,148 cr7.7
Indian Overseas Bank₹32₹61,814 cr9.0
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.75%
trailing 12 months
Dividend / share (TTM)
₹17.35
Last dividend
₹17.35
ex 15 May 2026
ActionDetailEx-date
Dividend₹17.35 / share15 May 2026
Dividend₹15.9 / share16 May 2025
Dividend₹13.7 / share22 May 2024
Dividend₹11.3 / share31 May 2023
Dividend₹7.1 / share25 May 2022
Dividend₹4 / share3 Jun 2021
Who owns it · 2026-06-30
No pledge
Promoter
55.5%
FII / Foreign
10.8%
DII / Domestic
26.6%
Retail / others
7.1%
Promoter stake down 2.0% over the last 12 quarters.
Smart-money activity
Insider trades
SoldRavi Shankar · -100 · ₹83,60811 Jun 24
BoughtRavi Shankar · -400 · ₹3.0 L5 Jun 24
SoldRavi Shankar · -400 · ₹3.0 L5 Jun 24
Bulk / block deals
short · NSE23 Sep 26
short · NSE1,0001 Sep 26
short · NSE127 Aug 26
Stake changes
BoughtLife Insurance Corporation of India→ 10.15% · 20.19 cr13 Jun 17
SoldLife Insurance Corporation of India→ 10.43% · 15.64 cr28 Sep 16
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.

Special shareholder meeting · 27 Mar 2026
See the official result
1
To consider and approve Material Related Party Transactions between State Bank of India and SBI Life Insurance Company Limited
Backed by 100% of shareholders other than promotersneeded 50%
5.72 cr votes for, 312 against · 0% of mutual funds and other big investors said no
2
To consider and approve Material Related Party Transactions between State Bank of India and SBI Cards and Payments Services Limited
Backed by 100% of shareholders other than promotersneeded 50%
5.72 cr votes for, 295 against · 0% of mutual funds and other big investors said no
3
To consider and approve Material Related Party Transactions between State Bank of India and SBI Payment Services Private Limited
Backed by 100% of shareholders other than promotersneeded 50%
5.72 cr votes for, 285 against · 0% of mutual funds and other big investors said no
4
To consider and approve Material Related Party Transactions between State Bank of India and SBI DFHI Limited
Backed by 100% of shareholders other than promotersneeded 50%
5.72 cr votes for, 323 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.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 55.5% between them · as of 2026-06-30
PRESIDENT OF INDIA55.47%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹25,000 cr raised in Jul 2025 by selling shares to large investors

As of Sep 2025, the company says it has spent 100% of what it set aside.

For augmentation of Bank’s Tier-I capital base to meet Bank’s future capital requirements and to support growth plans and to enhance the business of the Bank
100%
₹25,000 cr of ₹25,000 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.