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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of State Bank of India (SBI)

About the Company - State Bank of India (SBI)

State Bank of India is a Public Limited Listed company incorporated on 31/12/1955 and registered in the State of Maharashtra, India. Company presently involved in the business activities of Banking Business.
INDUSTRYADDRESSCONTACT
Finance - Banks - Public SectorState Bank Bhavan, Mumbai Maharashtra 400021investor.complaints@sbi.co.in
http://www.sbi.co.in
Management
NamePosition Held
Mr. Dinesh Kumar KharaChairman
Mr. Challa Sreenivasulu SettyManaging Director
Mr. Alok Kumar ChoudharyManaging Director
Mr. J SwaminathanManaging Director
Mr. Ashwini Kumar TewariManaging Director
Mr. B VenugopalShareholder Director
Dr. Ganesh G NatarajanShareholder Director
Mr. Mrugank M ParanjapeShareholder Director
Mr. Ketan S VikamseyShareholder Director
Mr. Anil Kumar SharmaGovernment Nominee Director
Dr. Vivek JoshiGovernment Nominee Director
Mr. Prafulla P ChhajedGovernment Nominee Director

State Bank of India Share Price Update

Share PriceValue
Today₹724.25
Previous Day₹699.40

Basic Stock Data of State Bank of India (SBI)

Market Cap 6,89,828 Cr.
Current Price 773
High / Low777/502
Stock P/E9.97
Book Value 402
Dividend Yield1.47 %
ROCE5.20 %
ROE16.8 %
Face Value 1.00

Data Source: screener.in

Competitors of State Bank of India (SBI)

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Punjab National Bank 1,41,161 Cr. 128133/44.418.4 93.40.50 %4.10 %3.34 % 2.00
Bank of Baroda 1,39,446 Cr. 270281/1547.29 2031.98 %5.17 %15.1 % 2.00
Punjab & Sind Bank 44,727 Cr. 66.077.5/23.149.0 22.30.71 %5.26 %9.01 % 10.0
UCO Bank 70,994 Cr. 59.470.7/22.241.6 21.60.00 %4.75 %7.55 % 10.0
Union Bank of India 1,08,555 Cr. 146155/60.38.20 1152.08 %5.02 %11.4 % 10.0
Industry Average23.4 Cr133.8824.991.061.05%4.86%9.28%6.8

State Bank of India (SBI) Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue70,10068,03368,96073,02973,37674,60876,78184,46391,51898,083101,460107,391112,868
Interest38,29738,38938,24938,63839,36339,94441,93145,23249,36653,45158,04562,95568,092
Expenses50,27055,38044,69842,67652,01554,23342,32849,20856,49859,96549,08059,36562,635
Financing Profit-18,467-25,737-13,987-8,285-18,002-19,569-7,478-9,977-14,346-15,334-5,665-14,930-17,858
Financing Margin %-26%-38%-20%-11%-25%-26%-10%-12%-16%-16%-6%-14%-16%
Other Income27,08235,39824,30720,69631,15233,42717,74330,32035,70138,76930,87336,86533,103
Depreciation0000000000000
Profit before tax8,6159,66110,32012,41113,15013,85810,26520,34221,35523,43625,20821,93615,245
Tax %26%25%27%26%26%28%27%26%27%22%26%25%26%
Net Profit6,6146,4957,7039,3429,94810,1917,79615,29715,88818,76919,09416,64811,598
EPS in Rs7.016.868.279.9610.7110.708.2116.5317.3420.2720.7718.0412.40
Gross NPA %
Net NPA %

State Bank of India (SBI) Quarterly Chart

State Bank of India (SBI) Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue147,197167,976189,062207,974220,633230,447228,970253,322269,852278,115289,973350,845398,452
Interest89,320106,818121,479133,179143,047149,115146,603155,867161,124156,010156,194189,981223,818
Expenses61,72966,28382,19896,675109,985145,666169,034166,104172,909192,821197,349204,303224,908
Financing Profit-3,851-5,124-14,614-21,879-32,399-64,334-86,666-68,649-64,181-70,715-63,570-43,439-50,274
Financing Margin %-3%-3%-8%-11%-15%-28%-38%-27%-24%-25%-22%-12%-13%
Other Income29,69232,58437,88249,31552,82868,19377,52777,36598,159107,222117,000122,534142,209
Depreciation1,3721,5771,9421,5812,2522,9153,1053,4963,6623,7113,6913,6960
Profit before tax24,46925,88221,32625,85518,177945-12,2455,22030,31732,79649,73975,39991,934
Tax %35%29%32%32%30%141%66%41%40%26%27%25%
Net Profit15,97318,55514,80717,83213,019-97-3,7493,35121,14023,88837,18357,75070,399
EPS in Rs22.8626.1918.9922.7615.750.30-5.112.5822.1525.1139.6462.3576.42
Dividend Payout %15%16%16%15%17%859%0%0%0%16%18%18%

State Bank of India (SBI) Profit & Loss Yearly Chart

State Bank of India (SBI) Growth

Compounded Sales Growth
10 Years:8%
5 Years:9%
3 Years:9%
TTM:28%
Compounded Profit Growth
10 Years:12%
5 Years:76%
3 Years:50%
TTM:46%
Stock Price CAGR
10 Years:18%
5 Years:23%
3 Years:25%
1 Year:48%
Return on Equity
10 Years:8%
5 Years:10%
3 Years:13%
Last Year:17%

State Bank of India (SBI) Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital671684747747776797892892892892892892
Reserves105,559124,349146,624160,641179,816216,395229,429233,603250,168274,669304,696358,039
Borrowings1,572,6811,831,1262,062,6122,297,6242,615,2572,936,1763,091,2583,354,2893,607,0614,149,1274,536,5704,989,687
Other Liabilities150,720176,355185,573240,149276,472288,391294,860299,676339,364420,926518,719605,796
Total Liabilities1,829,6312,132,5142,395,5562,699,1613,072,3213,441,7603,616,4393,888,4604,197,4864,845,6155,360,8785,954,415
Fixed Assets7,0278,69410,22312,92415,41551,18942,03539,94139,60841,60041,03245,880
CWIP3816763374007866959257624701162866
Investments460,949519,343579,401673,507807,3751,027,2811,183,7941,119,2701,228,2841,595,1001,776,4901,913,108
Other Assets1,361,2741,603,8011,805,5952,012,3292,248,7462,362,5942,389,6852,728,4872,929,1233,208,7983,543,3283,995,361
Total Assets1,829,6312,132,5142,395,5562,699,1613,072,3213,441,7603,616,4393,888,4604,197,4864,845,6155,360,8785,954,415

State Bank of India (SBI) Reserves and Borrowings Chart

State Bank of India (SBI) Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -30,11424,33219,14226,29714,47777,406-96,50829,55623,92989,91957,695-86,014
Cash from Investing Activity 169-2,271-791-3,424-2,747-4,57213,053220-555-3,670-2,652-966
Cash from Financing Activity 2,209-4,4243,583-1,5534,348-4,1965,5474485,4307,143-3,8456,386
Net Cash Flow-27,73717,63721,93421,32016,07868,638-77,90830,22328,80393,39251,198-80,593

State Bank of India (SBI) Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROE %16%16%10%11%7%-0%-2%1%7%9%12%17%

State Bank of India (SBI) Financial Efficiency Indicators Chart

State Bank of India (SBI) Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters57.63%57.62%57.62%57.60%57.59%57.57%57.52%57.50%57.49%57.47%57.49%57.49%
FIIs9.94%10.34%10.55%10.37%9.97%9.62%9.95%10.09%9.89%10.36%10.72%10.91%
DIIs24.40%24.19%24.17%24.10%24.66%25.09%25.39%25.36%25.20%24.83%24.36%24.15%
Government0.20%0.15%0.15%0.15%0.15%0.15%0.03%0.03%0.03%0.03%0.03%0.03%
Public7.83%7.70%7.51%7.78%7.63%7.58%7.10%7.03%7.40%7.30%7.41%7.40%
No. of Shareholders26,86,84826,87,50026,40,15229,18,31229,82,37230,52,75128,37,26627,97,19629,93,29829,48,53630,29,11630,47,685

State Bank of India (SBI) Shareholding Pattern Chart

No. of State Bank of India (SBI) Shareholders

State Bank of India (SBI) Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Nifty 50 ETF706185052.594534.06
SBI S&P BSE Sensex ETF500254152.993211.38
SBI Equity Hybrid Fund440000004.42825.02
HDFC Balanced Advantage Fund - Regular Plan406572713.562610.4
HDFC Flexi Cap Fund - Regular Plan360000005.032311.38
SBI Focused Equity Fund270000005.51733.54
Kotak Flexicap Fund - Regular Plan250000003.61605.13
Mirae Asset Large Cap Fund205520193.481319.54
UTI Nifty 50 ETF194776642.591250.56
Mirae Asset Large & Midcap Fund186558873.691197.8

State Bank of India (SBI) ROCE Trend

State Bank of India (SBI) EPS Trend

State Bank of India (SBI) Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Face Value1.001.001.001.001.00
Basic EPS (Rs.)62.3539.6425.1122.152.58
Diluted EPS (Rs.)62.3539.6425.1122.152.58
Cash EPS (Rs.)67.5144.8731.3624.477.36
Book Value[Excl.RevalReserv]/Share (Rs.)371.08316.22282.35254.69235.13
Book Value[Incl.RevalReserv]/Share (Rs.)402.18342.41308.77281.31262.75
Operating Revenue / Share (Rs.)393.12324.91311.63302.37283.85
Net Profit / Share (Rs.)63.3740.7427.2120.373.44
Net Profit After MI / Share (Rs.)62.3539.6425.1122.152.58
Net Profit Margin (%)16.1212.538.736.731.21
Net Profit After MI And SOA Nargin (%)15.8612.198.057.320.90
Operating Profit Margin (%)-18.80-27.81-29.82-29.63-29.32
Return On Assets (%)0.930.650.460.470.05
Return On Equity / Networth (%)16.8012.538.898.691.09
Net Interest Margin (X)2.702.492.512.592.50
Cost To Income (%)47.9152.6853.2151.2751.93
Interest Income / Total Assets (%)5.895.405.736.426.51
Non-Interest Income / Total Assets (%)2.052.182.212.331.98
Operating Profit / Total Assets (%)-1.10-1.50-1.71-1.90-1.91
Operating Expenses / Total Assets (%)3.183.253.103.132.95
Interest Expenses / Total Assets (%)3.192.913.213.834.00
Enterprise Value (Rs.Cr.)5209748.344718824.314260797.073615863.073463227.53
EV Per Net Sales (X)14.8516.2715.3213.4013.67
Price To Book Value (X)1.411.561.290.771.36
Price To Sales (X)1.331.521.170.651.13
Retention Ratios (%)81.8782.0884.06100.00100.00
Earnings Yield (X)0.110.080.060.110.01

State Bank of India (SBI) Profitability Ratios (%)

State Bank of India (SBI) Liquidity Ratios

State Bank of India (SBI) Liquidity Ratios (%)

State Bank of India (SBI) Interest Coverage Ratios (X)

State Bank of India (SBI) Valuation Ratios

Fair Value / Intrinsic Value of State Bank of India (SBI)

Fair Value: ₹683.23

The stock is overvalued by 11.61% compared to the current price ₹773

*Investments are subject to market risks

Strength and Weakness of State Bank of India (SBI)

Unable to fetch valid data for stock valuation.

Should I Buy State Bank of India (SBI) Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in State Bank of India (SBI):
    1. Net Profit Margin: 16.12%
      • 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: N/A% (Industry Average ROCE: 4.86%)
      • 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): N/A
      • 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: N/A
      • 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: 9.97 (Industry average Stock P/E: 25.25)
      • 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: N/A
      • 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 State Bank of India (SBI). 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