Credit growth matrix
According to data on the sectoral deployment of bank credit for March 2021, credit growth to Agri & and Allied activities has accelerated to 12.3% in March 2021 (4.2% a year ago), the highest since April 2017. Credit growth to industry decelerated marginally to 0.4% (0.7% a year ago) mainly due to credit to large industries, which contracted by 0.8% in March 2021 (as compared with a growth of 0.6% a year ago). This is primarily on account of large industries raising resources from non-bank sources. Credit growth to the services sector decelerated to 1.4% during FY2021 from 7.4% in the previous year, primarily driven down by sharp deceleration in credit growth to NBFCs after a spurt in the preceding year and contraction in credit to professional services. Further, personal loans accounted for one fourth of total bank credit and continued to record double-digit growth of 10.2%, compared to last year growth of 15.0%, led by housing and other personal loans.
Digital growth
While offering products on multiple platforms for portfolio growth with higher profit margins, your Bank has kept in mind the customer?s convenience with Ease of Banking and offered following variants through YONO, i) PAPL (Pre-Approved Personal Loan) ii) PAXC (Pre-Approved Xpress Credit) iii) PAPNL (Pre-Approved Pension Loan) iv) INSTA Top-up for Xpress Credit v) Insta Top-up for Pension Loan Customers can avail the offerings on 24X7 basis, without any physical documentation and branch visit.. The Bank has sanctioned 12.20 lac digital loans involving `19607 crores during the current FY as on Mar?21, out of which two most popular products Xpress Credit and Xpress Credit Top up loans contributed `15065 crores. Checking of PAPL loan eligibility by sending SMS ?PAPL? to 567676 introduced. Bank is using YONO as well as CLP (GOI) platforms for sourcing of proposals along with in-principle sanctions.
Impact of second wave
However, the current financial year has begun with second COVID-19 wave and experts have informed that virus strain has mutated in India. Accordingly, quick immunisation of working population will be the most optimal scenario, which will impact the growth outlook. There is considerable uncertainty on how the demand will pick up in this financial year ? notably it is difficult to predict if capital formation will see sustained recovery. In this backdrop, the Bank?s business needs careful assessment. The business continuity plans chalked out in FY2021 have worked well. Bank?s support under AatmaNirbhar Abhiyan has been satisfactory. But with second wave, more detailed planning will be required. Banks have created contingency buffers to cover losses over and above what was provided. The impact on asset quality of the banks due to second wave needs to be reassessed in respect of possible unexpected losses over and above what has been provided. Bank must resort to recently notified pre package insolvency route to address stress in MSME segment.
State Bank of India Share Price
- Open830.70
- High835.00
- Low817.10
- Prev Close825.85
- Volume2,22,67,336
- VWAP(₹)827.91
SBI share price insights
Intraday fact check
In the last 19 years, only 1.69 % trading sessions saw intraday gains higher than 5 % .Loan Book Growth - Beating 5 Yr CAGR
State Bank of India reported a YoY increase of 15.8% in its advances, which is higher than its 5 yr CAGR of 9.77%. (Source: Consolidated Financials)Beating 3 Yr Revenue CAGR
Company's annual revenue growth of 25.6% outperformed its 3 year CAGR of 15.39%. (Source: Consolidated Financials)Buy Signal: Bullish trend in offing
5 day moving crossover appeared yesterday. Average price gain of 2.84% within 7 days of this signal in last 5 years.SBI Share Price Update
State Bank of India share price moved up by 0.55% from its previous close of Rs 825.85. State Bank of India stock last traded price is 830.35
Share Price Value Today/Current/Last 830.35 Previous Day 825.85
SBI Share Price Returns
| 1 Day | 0.55% |
| 1 Month | 0.5% |
| 3 Months | 10.99% |
| 1 Year | 43.2% |
| 3 Years | 95.68% |
| 5 Years | 135.56% |
Key Metrics
| PE Ratio(x) | 10.81 |
| EPS - TTM(₹) | 76.40 |
| MCap(₹ Cr.) | 7,37,039 |
| MCap Rank | 3 |
| PB Ratio(x) | 1.71 |
| Div Yield(%) | 1.66 |
| Face Value(₹) | 1.00 |
| 52W High(₹) | 841.25 |
| 52W Low(₹) | 543.20 |
| MCap/Sales | 1.53 |
| Beta(1 Month) | 1.73 |
| BV/Share(₹) | 482.44 |
SBI Share Recommendations
40 Analysts
SellSellHoldBuyStrong
Buy
| Ratings | Current | 1W Ago | 1M Ago | 3M Ago |
|---|---|---|---|---|
| Strong Buy | 18 | 18 | 21 | 22 |
| Buy | 12 | 12 | 10 | 10 |
| Hold | 7 | 7 | 6 | 5 |
| Sell | 1 | 1 | 2 | 2 |
| Strong Sell | 2 | 2 | 1 | 1 |
| # Analysts | 40 | 40 | 40 | 40 |
SBI News & Analysis
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Announcements
SBI Financials
Mar 2024 Dec 2023 Sep 2023 Jun 2023 Mar 2023 Total Income 1,64,914.36 1,53,071.64 1,44,256.12 1,32,332.78 1,36,852.39 Total Income Growth (%) 7.74 6.11 9.01 -3.30 7.57 Provisions & Contingencies 2,391.53 1,445.25 767.62 3,100.57 3,794.53 Provisions & Contingencies Growth (%) 65.48 88.28 -75.24 -18.29 -38.76 Profit after Tax (PAT) 21,384.15 11,064.14 17,196.20 18,536.80 18,093.84 PAT Growth (%) 93.27 -35.66 -7.23 2.45 16.91 Gross NPA (%) - - - - - Net NPA (%) - - - - - Net Profit Margin (%) 12.97 7.23 11.92 14.01 13.22 Basic EPS (₹) 23.96 12.40 18.04 20.77 20.27 All figures in Rs Cr, unless mentioned otherwise
InsightsBeating 3 Yr Revenue CAGR
Company's annual revenue growth of 25.6% outperformed its 3 year CAGR of 15.39%. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Advances 37,84,272.67 32,67,902.13 27,94,076.00 25,00,598.99 23,74,311.18 Advances Growth (%) 15.80 16.96 11.74 5.32 6.62 Deposits 49,66,537.49 44,68,535.51 40,87,410.60 37,15,331.24 32,74,160.63 Deposits Growth (%) 11.14 9.32 10.01 13.47 11.35 Total Equity 4,30,557.13 3,71,767.94 3,16,795.47 2,85,187.48 2,59,003.95 Total Equity Growth (%) 15.81 17.35 11.08 10.11 7.68 Gross NPA (%) - - - - - Net NPA (%) - - - - - Capital Adequacy Ratios (%) 0.00 - - - - Contingent Liabilities 0.00 18,35,524.38 20,07,232.49 17,14,239.52 12,21,083.11 All figures in Rs Cr, unless mentioned otherwise
InsightsLoan Book Growth - Beating 5 Yr CAGR
State Bank of India reported a YoY increase of 15.8% in its advances, which is higher than its 5 yr CAGR of 9.77%. (Source: Consolidated Financials)Falling Gross NPA and Net NPA
The bank's gross NPA% and Net NPA% have fallen continuously over the past 4-years to 2.24% and 0.57%, respectively. (Source: Standalone Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Net Cash flow from Operating Activities 21,632.43 -86,013.68 57,694.85 89,918.93 23,928.53 Net Cash used in Investing Activities -4,251.72 -4,040.97 -3,618.51 -3,736.23 -3,323.69 Net Cash flow from Financing Activities -9,896.28 6,386.38 -3,844.51 7,142.67 5,429.52 Net Cash Flow 8,260.39 -80,593.21 51,198.09 93,391.77 28,803.00 Closing Cash & Cash Equivalent 3,26,572.30 3,18,311.91 3,98,905.12 3,47,707.04 2,54,315.26 Closing Cash & Cash Equivalent Growth (%) 2.60 -20.20 14.72 36.72 12.77 All figures in Rs Cr, unless mentioned otherwise
InsightsCash from Operations vs PAT
Operating cash flow of Rs 21632.43 cr is 0.32 times compared to the reported net profit of Rs 67084.67 cr. (Source: Consolidated Financials)Increase in Cash from Investing
Company has used Rs 4251.72 cr for investing activities which is an YoY increase of 5.22%. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Return on Equity (%) 16.16 16.80 12.53 8.89 8.69 Return on Assets (%) 0.99 0.93 0.65 0.46 0.47 Cost to Income (%) 43.66 66.97 52.68 53.21 51.27 Interest income to Earning assets (%) 6.52 5.89 5.40 5.73 6.42 Interest Expense to Earning assets (%) 3.85 3.19 2.91 3.21 3.83 Price to Earnings (x) 10.02 8.40 12.45 14.51 8.90 Price to Book (x) 1.62 1.41 1.56 1.29 0.77 Price to Sales (x) 1.53 1.33 1.52 1.17 0.65 Operating Profit Margin (%) -19.86 -18.80 -27.81 -29.82 -29.63
Peer Comparison
NAME 1D 1W 1M 3M 1Y 3Y 5Y SBI Stock Performance 0.55 0.21 0.50 10.99 43.20 95.68 135.56 PNB Stock Performance 1.57 2.37 -8.22 6.24 149.66 205.31 60.51 Bank of Baroda Stock Performance 0.78 -1.51 -5.90 -0.21 43.19 228.25 98.80 IOB Stock Performance 2.00 2.53 1.17 6.57 181.80 308.90 471.78 Union Bank India Stock Performance 4.95 2.33 3.86 9.47 125.25 361.53 111.28 All values in %
Stock Returns vs Nifty 100
Stock gave a 3 year return of 91.97% as compared to Nifty 100 which gave a return of 48.95%. (as of last trading session)Stock Returns vs Nifty Bank
Stock generated 91.97% return as compared to Nifty Bank which gave investors 38.62% return over 3 year time period. (as of last trading session)
Mutual Funds Ownership
MF Ownership as on 30 April 2024
3,635.50
Amount Invested (in Cr.)
5.31%
% of AUM
0.00
% Change (MoM basis)
3,057.12
Amount Invested (in Cr.)
3.66%
% of AUM
-8.47
% Change (MoM basis)
2,522.13
Amount Invested (in Cr.)
4.77%
% of AUM
-7.50
% Change (MoM basis)
SBI Futures & Options
Date Price Open Interest 27-06-2024Current
33.60-0.05 (-0.15%)
3,0000 (0.00%)
35.60Open36.85High25.40Low33.65Close9,081Contracts Traded0.00Turnover (₹ Lakhs)Open Interest as of 24 Apr 2024
Date Price Open Interest 27-06-2024Current
837.806.75 (0.81%)
59,17,50023,56,500 (39.82%)
835.80Open840.90High821.45Low831.05Prev Close47,300Contracts Traded2,95,501.99Turnover (₹ Lakhs)Open Interest as of 24 Apr 2024
Corporate Actions
Final
1370%
May 09, 2024
Board Meeting
Audited Results & Final Dividend
May 02, 2024
Board Meeting
Quarterly Results
Jan 17, 2024
Announced on Meeting on May 02, 2024 May 09, 2024 Audited Results & Final Dividend Jan 17, 2024 Feb 03, 2024 Quarterly Results Oct 23, 2023 Nov 04, 2023 Quarterly Results Jul 25, 2023 Aug 04, 2023 Quarterly Results May 09, 2023 May 18, 2023 Audited Results & Dividend Announced on Ex-Date Dividend% May 09, 2024 May 22, 2024 1370% May 18, 2023 May 31, 2023 1130% May 13, 2022 May 25, 2022 710% May 21, 2021 Jun 03, 2021 400% May 19, 2017 May 26, 2017 260% No Data Available
Announced on Ex-Date Sep 24, 2014 Nov 20, 2014 Split: Old FV10.0| New FV:1.0 Announced on Ex-Date Jan 14, 2008 Jan 28, 2008 Rights ratio: 1 share for every 5 held at a price of Rs 1590.0 Nov 26, 1993 Nov 26, 1993 Rights ratio: 3 share for every 5 held at a price of Rs 60.0 Announced on Meeting on Apr 28, 2023 Jun 19, 2023 - Apr 20, 2023 Jun 05, 2023 Dividend - Rs 11.30 Per Share May 24, 2022 Jun 22, 2022 - Jun 01, 2021 Jun 25, 2021 - Jun 16, 2020 Jul 14, 2020 -
About
State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 737,039.08 Crore).
State Bank of India key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2023.
The Bank has reported Standalone Non Performing Assets (Gross NPAs) at .00 % of total assets and Standalone Net Non Performing Assets (Net NPAs) at .00% of total assets for the quarter ending 31-03-2024.
For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 164,914.36 Crore, up 7.74 % from last quarter Total Income of Rs 153,071.64 Crore and up 20.51 % from last year same quarter Total Income of Rs 136,852.39 Crore. The bank has reported net profit after tax of Rs 21,384.15 Crore in latest quarter.
The bank’s top management includes Mr.Dinesh Kumar Khara, Mr.Alok Kumar Choudhary, Mr.Ashwini Kumar Tewari, Mr.Challa Sreenivasulu Setty, Mr.J Swaminathan, Mr.Anil Kumar Sharma, Mr.Prafulla P Chhajed, Dr.Vivek Joshi, Mr.B Venugopal, Dr.Ganesh G Natarajan, Mr.Ketan S Vikamsey, Mr.Mrugank M Paranjape, Mrs.Shima Devi. It has Khandelwal Jain & Co. as its auditoRs As on 31-03-2024, the company has a total of 892.46 Crore shares outstanding.
About SBI
State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 737,039.08 Crore).State Bank of India key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2023.The Bank has reported Standalone Non Performing Assets (Gross NPAs) at .00 % of total assets and Standalone Net Non Performing Assets (Net NPAs) at .00% of total assets for the quarter ending 31-03-2024.For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 164,914.36 Crore, up 7.74 % from last quarter Total Income of Rs 153,071.64 Crore and up 20.51 % from last year same quarter Total Income of Rs 136,852.39 Crore. The bank has reported net profit after tax of Rs 21,384.15 Crore in latest quarter.The bank’s top management includes Mr.Dinesh Kumar Khara, Mr.Alok Kumar Choudhary, Mr.Ashwini Kumar Tewari, Mr.Challa Sreenivasulu Setty, Mr.J Swaminathan, Mr.Anil Kumar Sharma, Mr.Prafulla P Chhajed, Dr.Vivek Joshi, Mr.B Venugopal, Dr.Ganesh G Natarajan, Mr.Ketan S Vikamsey, Mr.Mrugank M Paranjape, Mrs.Shima Devi. It has Khandelwal Jain & Co. as its auditoRs As on 31-03-2024, the company has a total of 892.46 Crore shares outstanding.
Industry
Key Indices Listed On
Nifty 50, S&P BSE Sensex, Nifty Bank, Nifty 100, Nifty 200
Address
State Bank Bhavan,Corporate Centre,Mumbai, Maharashtra - 400021
Executive Leadership
Dinesh Kumar Khara
ChairmanAlok Kumar Choudhary
Managing DirectorAshwini Kumar Tewari
Managing DirectorChalla Sreenivasulu Setty
Managing DirectorAuditors
Brands
FAQs about SBI share
- 1. What is SBI share price and what are the returns for SBI share?SBI share price was Rs 830.35 as on 31 May, 2024, 03:59 PM IST. SBI share price was up by 0.55% based on previous share price of Rs. 822.65. In last 1 Month, SBI share price moved up by 0.50%.
- 2. What is SBI's 52 week high / low?52 Week high of SBI share is Rs 841.25 while 52 week low is Rs 543.20
- 3. Who are the key owners of SBI stock?Following are the key changes to SBI shareholding:
- Promoter holding has gone up from 57.47 (30 Jun 2023) to 57.54 (31 Mar 2024)
- Domestic Institutional Investors holding have gone down from 24.8 (30 Jun 2023) to 23.93 (31 Mar 2024)
- Foreign Institutional Investors holding has gone up from 10.36 (30 Jun 2023) to 11.09 (31 Mar 2024)
- Other investor holding has gone up from 7.37 (30 Jun 2023) to 7.43 (31 Mar 2024)
- 4. What are the key metrics to analyse SBI Share Price?Key Metrics for SBI are:
- PE Ratio of SBI is 10.81
- Price/Sales ratio of SBI is 1.53
- Price to Book ratio of SBI is 1.71
- 5. Who is the chairman of SBI?Dinesh Kumar Khara is the Chairman of SBI
- 6. Is SBI giving dividend?An equity Final dividend of Rs 13.7 per share was declared by State Bank of India on 09 May 2024. So, company has declared a dividend of 1370% on face value of Rs 1 per share. The ex dividend date was 22 May 2024.
- 7. What are the returns for SBI share?Return Performance of SBI Shares:
- 1 Week: SBI share price moved up by 0.21%
- 1 Month: SBI share price moved up by 0.50%
- 3 Month: SBI share price moved up by 10.99%
- 6 Month: SBI share price moved up by 47.03%
- 8. What's the market capitalization of SBI?Within the Banks sector, SBI stock has a market cap rank of 3. SBI has a market cap of Rs 7,37,039 Cr.
- 9. What is the CAGR of SBI?The CAGR of SBI is 6.78.
- 10. Who are peers to compare SBI share price?Top 10 Peers for SBI are Punjab National Bank, Bank of Baroda, Indian Overseas Bank, Union Bank of India, Canara Bank, IDBI Bank Ltd., Indian Bank, UCO Bank, Bank of India and Central Bank of India
- 11. What are the SBI quarterly results?On Consoldiated basis, SBI reported a total income and profit of Rs 164914.36 Cr and Rs 21384.15 respectively for quarter ending 2024-03-31. Total Income and profit for the year ending 2024-03-31 was Rs null Cr and Rs 67084.67 Cr.
- 12. What is the PE & PB ratio of SBI?The PE ratio of SBI stands at 10.81, while the PB ratio is 1.98.
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