SBI CARDS AND PAYMENT SERVICES LIMITED Financials SBI Cards and Payment Services Limited Bombay S.E.
Equities
SBICARD
INE018E01016
Consumer Lending
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 750.4 INR | -1.02% |
|
+2.51% | -1.24% |
| Apr. 26 | India's SBI Card posts surprise Q4 profit rise on steady retail spending | RE |
| Apr. 26 | Transcript : SBI Cards and Payment Services Limited, Q4 2024 Earnings Call, Apr 26, 2024 |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 580,886 | 873,043 | 803,300 | 700,284 | 713,603 | - | - |
| Enterprise Value (EV) 1 | 580,886 | 873,043 | 1,022,061 | 997,836 | 649,037 | 1,203,790 | 1,325,341 |
| P/E ratio | 46.8 x | 89.4 x | 50 x | 31.1 x | 26.9 x | 24.8 x | 19.4 x |
| Yield | 0.16% | - | 0.29% | 0.34% | 0.39% | 0.67% | 0.58% |
| Capitalization / Revenue | 6.26 x | 9.41 x | 7.82 x | 5.54 x | 4.36 x | 3.83 x | 3.13 x |
| EV / Revenue | 6.26 x | 9.41 x | 9.95 x | 7.9 x | 4.36 x | 6.47 x | 5.81 x |
| EV / EBITDA | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - |
| Price to Book | 10.9 x | 14 x | 10.4 x | 7.11 x | 5.99 x | 4.93 x | 4.05 x |
| Nbr of stocks (in thousands) | 938,957 | 940,525 | 943,172 | 946,074 | 950,901 | - | - |
| Reference price 2 | 618.6 | 928.2 | 851.7 | 740.2 | 750.4 | 750.4 | 750.4 |
| Announcement Date | 5/8/20 | 4/26/21 | 4/29/22 | 4/28/23 | 4/26/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 70,549 | 92,764 | 92,775 | 102,742 | 126,380 | 148,883 | 186,172 | 228,305 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | - | 36,699 | 39,623 | 44,280 | 51,896 | 65,192 | 76,800 | 94,472 |
| Operating Margin | - | 39.56% | 42.71% | 43.1% | 41.06% | 43.79% | 41.25% | 41.38% |
| Earnings before Tax (EBT) 1 | - | - | 13,237 | 21,722 | 30,306 | 32,318 | 38,248 | 48,746 |
| Net income 1 | - | 12,448 | 9,845 | 16,161 | 22,585 | 24,079 | 28,708 | 36,729 |
| Net margin | - | 13.42% | 10.61% | 15.73% | 17.87% | 16.17% | 15.42% | 16.09% |
| EPS 2 | 9.610 | 13.21 | 10.38 | 17.02 | 23.80 | 25.37 | 30.29 | 38.59 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | 1.000 | - | 2.500 | 2.500 | 2.940 | 5.000 | 4.384 |
| Announcement Date | 4/26/19 | 5/8/20 | 4/26/21 | 4/29/22 | 4/28/23 | 4/26/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 24,032 | 23,087 | 23,619 | 24,413 | 28,628 | 27,487 | 31,003 | 32,971 | 31,919 | 34,093 | 34,748 | 36,668 | 40,226 | 41,306 | 43,475 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 9,311 | 8,776 | 10,540 | 10,580 | 11,440 | 11,720 | 12,912 | 12,516 | 12,174 | 14,294 | 15,150 | 15,371 | 15,936 | 16,679 | - |
| Operating Margin | 38.75% | 38.01% | 44.62% | 43.34% | 39.96% | 42.64% | 41.65% | 37.96% | 38.14% | 41.93% | 43.6% | 41.92% | 39.62% | 40.38% | - |
| Earnings before Tax (EBT) 1 | 2,829 | 2,344 | 4,103 | 4,641 | 5,185 | 7,792 | 8,409 | 7,056 | 6,843 | 7,997 | 7,966 | 8,162 | 7,889 | 7,880 | - |
| Net income 1 | 2,097 | 1,754 | 3,046 | 3,449 | 3,858 | 5,809 | 6,269 | 5,256 | 5,095 | 5,965 | 5,933 | 5,967 | 5,920 | 5,735 | - |
| Net margin | 8.72% | 7.6% | 12.9% | 14.13% | 13.48% | 21.13% | 20.22% | 15.94% | 15.96% | 17.5% | 17.07% | 16.27% | 14.72% | 13.88% | - |
| EPS 2 | 2.210 | - | 3.210 | - | 4.070 | 6.110 | 6.600 | 5.530 | 5.360 | 6.280 | 6.240 | 6.133 | 6.245 | 6.026 | 6.454 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.668 | - |
| Announcement Date | 1/21/21 | 4/26/21 | 7/23/21 | 10/28/21 | 1/24/22 | 4/29/22 | 7/28/22 | 10/27/22 | 1/24/23 | 4/28/23 | 7/28/23 | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 218,761 | 297,551 | 392,484 | 490,187 | 611,737 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | - | 27.4% | 16.9% | 23% | 25.7% | 21.4% | 21.8% | 22.5% |
| ROA (Net income/ Total Assets) | - | 5.5% | 3.76% | 5.24% | 5.63% | 4.57% | 4.58% | 4.63% |
| Assets 1 | - | 226,330 | 261,597 | 308,306 | 400,936 | 506,114 | 626,168 | 793,981 |
| Book Value Per Share 2 | - | 56.90 | 66.40 | 82.20 | 104.0 | 125.0 | 152.0 | 185.0 |
| Cash Flow per Share | - | - | 7.300 | -46.20 | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 4/26/19 | 5/8/20 | 4/26/21 | 4/29/22 | 4/28/23 | 4/26/24 | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
HOLD
Number of Analysts
26
Last Close Price
750.4
INR
Average target price
775.8
INR
Spread / Average Target
+3.38%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +11.51% | 55.87B | |
| -8.69% | 481M | |
| +6.64% | 473M | |
| +4.59% | 305M | |
| -7.50% | 202M | |
| 0.00% | 174M |
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- Financials SBI Cards and Payment Services Limited
