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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of SBI Cards & Payment Services Ltd

About the Company - SBI Cards & Payment Services Ltd

SBI Cards and Payment Services Ltd. is a Public Limited Listed company incorporated on 15/05/1998 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L65999DL1998PLC093849 and registration number is 093849. Currently Company is involved in the business activities of Other financial activities. Company’s Total Operating Revenue is Rs. 10677.27 Cr. and Equity Capital is Rs. 943.18 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsUnit 401 & 402, 4th Floor, New Delhi Delhi 110034investor.relations@sbicard.com
https://www.sbicard.com
Management
NamePosition Held
Mr. Dinesh Kumar KharaChairman
Mr. Rama Mohan Rao AmaraManaging Director & CEO
Mr. Rajendra Kumar SarafIndependent Director
Mr. Dinesh Kumar MehrotraIndependent Director
Ms. Anuradha Shripad NadkarniIndependent Director
Dr. Tejendra Mohan BhasinIndependent Director
Mr. Shriniwas Yeshwant JoshiIndependent Director
Mr. Mihir Narayan Prasad MishraNominee Director

SBI Cards and Payment Services Ltd. Share Price Update

Share PriceValue
Today₹731.70
Previous Day₹738.95

Basic Stock Data of SBI Cards & Payment Services Ltd

Market Cap 68,580 Cr.
Current Price 721
High / Low933/699
Stock P/E29.3
Book Value 116
Dividend Yield0.35 %
ROCE13.0 %
ROE25.7 %
Face Value 10.0

Data Source: screener.in

Competitors of SBI Cards & Payment Services Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Mask Investments Ltd 26.0 Cr. 85.294.6/40.2137 4240.00 %0.12 %0.07 % 10.0
Steel City Securities Ltd 121 Cr. 80.094.7/58.012.8 75.93.75 %14.3 %10.4 % 10.0
Muthoot Capital Services Ltd 519 Cr. 316460/2365.95 3590.00 %15.2 %17.5 % 10.0
NBI Industrial Finance Company Ltd 455 Cr. 1,8542,030/1,40065.2 9,5070.02 %0.35 %0.23 % 5.00
Manappuram Finance Ltd 15,325 Cr. 181193/1027.51 1251.66 %11.7 %16.6 % 2.00
Industry Average3,289.20 Cr503.2445.692,098.181.09%8.33%8.96%7.40

SBI Cards & Payment Services Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue2,4082,3192,3622,5762,8892,8503,1003,2973,5073,7623,9124,0874,621
Interest261244229254277267308368464507571605695
Expenses1,9651,9561,7791,9382,3071,9302,0742,3412,4672,5652,6312,7603,258
Financing Profit183119354385305653718588576690710722668
Financing Margin %8%5%15%15%11%23%23%18%16%18%18%18%14%
Other Income13114989119250166163156149154134134121
Depreciation31343340373939394145484751
Profit before tax283234410464519779841706684800797809738
Tax %26%25%26%26%26%25%25%26%26%25%26%26%26%
Net Profit210175305345386581627526509596593603549
EPS in Rs2.231.873.243.664.096.166.655.575.396.306.276.375.78
Gross NPA %1.61%4.99%3.91%3.36%2.40%2.22%2.24%2.14%2.22%2.35%2.41%2.43%2.64%
Net NPA %0.56%1.55%0.88%0.91%0.83%0.78%0.79%0.78%0.80%0.87%0.89%0.89%0.96%

SBI Cards & Payment Services Ltd Quarterly Chart

SBI Cards & Payment Services Ltd Profit & Loss

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue1,0081,4381,8222,3923,3475,1957,0179,2819,30110,67913,67016,382
Interest2103003784365287121,0091,3011,0431,0271,6482,379
Expenses7139181,2551,6172,3663,7154,8876,6187,2237,9539,44411,214
Financing Profit852201893394527691,1211,3621,0341,6992,5792,790
Financing Margin %8%15%10%14%14%15%16%15%11%16%19%17%
Other Income527482100124175270471413622615543
Depreciation111152455104123149164190
Profit before tax1362932714385729191,3351,7301,3242,1723,0313,143
Tax %-1%0%1%35%35%35%35%28%26%26%25%
Net Profit1362932672843736018651,2459851,6162,2582,342
EPS in Rs1.743.733.403.624.757.6610.3313.2610.4717.1423.8724.72
Dividend Payout %0%0%15%28%21%0%10%8%0%15%10%

SBI Cards & Payment Services Ltd Profit & Loss Yearly Chart

SBI Cards & Payment Services Ltd Growth

Compounded Sales Growth
10 Years:30%
5 Years:21%
3 Years:14%
TTM:28%
Compounded Profit Growth
10 Years:32%
5 Years:30%
3 Years:22%
TTM:4%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-11%
1 Year:-4%
Return on Equity
10 Years:25%
5 Years:24%
3 Years:22%
Last Year:26%

SBI Cards & Payment Services Ltd Balance Sheet

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital785785785785785785837939941943946947
Reserves-332-391813706641,5682,7514,4025,3626,8108,88410,112
Borrowings2,8033,4984,6995,9288,26811,41313,54917,57317,89522,98231,11034,083
Other Liabilities2314915937971,0481,9203,0092,3932,8163,9134,6065,247
Total Liabilities3,4884,7356,2577,88010,76515,68620,14625,30727,01334,64845,54650,388
Fixed Assets112224242196311308439551519
CWIP0000035202410142319
Investments000000119581,2972,1402,536
Other Assets3,4874,7346,2567,87810,74115,40919,92824,97125,73732,89842,83247,314
Total Assets3,4884,7356,2577,88010,76515,68620,14625,30727,01334,64845,54650,388

SBI Cards & Payment Services Ltd Reserves and Borrowings Chart

SBI Cards & Payment Services Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -398-879-1,158-2,235-2,891-2,327-4,063692-4,391-6,671
Cash from Investing Activity 111-1128-76-77-997-538-921
Cash from Financing Activity 4751,0081,1412,2442,9532,8243,9234325,0457,824
Net Cash Flow78130-179190422-218127115232

SBI Cards & Payment Services Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROE %49%31%27%29%32%29%28%17%23%26%

SBI Cards & Payment Services Ltd Financial Efficiency Indicators Chart

SBI Cards & Payment Services Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters69.40%69.50%69.37%69.47%69.59%69.64%69.41%69.05%69.02%68.96%68.94%68.75%
FIIs8.62%12.47%13.07%10.28%9.53%8.29%8.82%9.13%8.45%9.48%9.08%9.35%
DIIs5.97%6.69%9.71%11.92%12.41%16.24%16.99%16.72%17.47%17.17%17.28%16.27%
Public16.01%11.34%7.86%8.33%8.47%5.83%4.78%5.11%5.06%4.37%4.69%5.62%
No. of Shareholders10,57,51811,18,64710,46,24911,40,58611,61,09011,78,35310,63,05410,57,26010,41,1689,67,5319,61,29610,28,673

SBI Cards & Payment Services Ltd Shareholding Pattern Chart

No. of SBI Cards & Payment Services Ltd Shareholders

SBI Cards & Payment Services Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
ICICI Prudential Multi Asset Fund93448912.32709.88
Mirae Asset Large Cap Fund61953111.24470.63
ICICI Prudential ELSS Tax Saver Fund53177613.26403.96
ICICI Prudential Value Discovery Fund52492961.06398.76
Mirae Asset Large & Midcap Fund51212941.2389.04
Mirae Asset ELSS Tax Saver Fund43896601.63333.46
Nippon India Large Cap Fund40993021.54311.4
ICICI Prudential Large & Mid Cap Fund38271452.83290.73
Nippon India Focused Equity Fund37965273.69288.4
Nippon India Multi Cap Fund35006571.08265.93

SBI Cards & Payment Services Ltd ROCE Trend

SBI Cards & Payment Services Ltd EPS Trend

SBI Cards & Payment Services Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)23.9217.1610.4813.359.43
Diluted EPS (Rs.)23.8017.0210.3813.219.43
Cash EPS (Rs.)25.6018.7111.7814.3611.27
Book Value[Excl.RevalReserv]/Share (Rs.)103.9082.2067.0056.8842.78
Book Value[Incl.RevalReserv]/Share (Rs.)103.9082.2067.0056.8842.78
Dividend / Share (Rs.)2.502.501.001.001.00
Revenue From Operations / Share (Rs.)144.46113.2198.6498.7983.60
PBDIT / Share (Rs.)51.1835.5026.4833.3829.02
PBIT / Share (Rs.)49.4533.9225.1732.2728.05
PBT / Share (Rs.)32.0323.0314.0718.4215.90
Net Profit / Share (Rs.)23.8717.1410.4713.2610.30
PBDIT Margin (%)35.4231.3526.8433.7834.71
PBIT Margin (%)34.2329.9625.5132.6633.55
PBT Margin (%)22.1720.3414.2618.6419.02
Net Profit Margin (%)16.5215.1310.6113.4112.32
Return on Networth / Equity (%)22.9720.8415.6223.3024.08
Return on Capital Employeed (%)24.2235.6816.0822.4923.17
Return On Assets (%)4.954.663.644.914.26
Long Term Debt / Equity (X)0.810.001.151.301.47
Total Debt / Equity (X)3.162.962.873.253.81
Asset Turnover Ratio (%)0.340.340.350.400.38
Current Ratio (X)1.651.282.072.011.88
Quick Ratio (X)1.651.282.072.011.88
Dividend Payout Ratio (NP) (%)10.470.000.000.009.70
Dividend Payout Ratio (CP) (%)9.760.000.000.008.87
Earning Retention Ratio (%)89.530.000.000.0090.30
Cash Earning Retention Ratio (%)90.240.000.000.0091.13
Interest Coverage Ratio (X)2.943.262.392.412.39
Interest Coverage Ratio (Post Tax) (X)2.372.571.941.961.85
Enterprise Value (Cr.)99721.75102206.71104758.1074753.990.00
EV / Net Operating Revenue (X)7.309.5711.298.060.00
EV / EBITDA (X)20.6030.5342.0623.850.00
MarketCap / Net Operating Revenue (X)5.127.529.426.260.00
Retention Ratios (%)89.520.000.000.0090.29
Price / BV (X)7.1210.3613.8710.870.00
Price / Net Operating Revenue (X)5.127.529.426.260.00
EarningsYield0.030.020.010.020.00

SBI Cards & Payment Services Ltd Profitability Ratios (%)

SBI Cards & Payment Services Ltd Liquidity Ratios

SBI Cards & Payment Services Ltd Liquidity Ratios (%)

SBI Cards & Payment Services Ltd Interest Coverage Ratios (X)

SBI Cards & Payment Services Ltd Valuation Ratios

Fair Value / Intrinsic Value of SBI Cards & Payment Services Ltd

Fair Value: ₹876.55

The stock is undervalued by 21.57% compared to the current price ₹721

*Investments are subject to market risks

Strength and Weakness of SBI Cards & Payment Services Ltd

Unable to fetch valid data for stock valuation.

Should I Buy SBI Cards & Payment Services Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in SBI Cards & Payment Services Ltd:
    1. Net Profit Margin: 16.52%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 24.22% (Industry Average ROCE: 17.69%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 2.37
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 1.65
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 29.7 (Industry average Stock P/E: 14.02)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✗ Total Debt / Equity: 3.16
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in SBI Cards & Payment Services Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE