SBI Cards AndPayment

₹720.3 9.9 | 1.4%

WEBSITE BSE:543066 NSE : SBICARD 10 May, 16:01

Market Cap ₹68494 Cr.

Stock P/E 28.4

P/B 5.7

Current Price ₹720.3

Book Value ₹ 127.1

Face Value 10

52W High ₹933

Dividend Yield 0.35%

52W Low ₹ 678.8

Edit Ratio

SBI Cards AndPayment Research see more...

Overview Inc. Year: 1998Industry: Finance - NBFC

SBI Cards and Payment Services Limited,NBFC, issues credit cards to individual and corporate customers in India. It acts as company insurance agent for selling coverage policies to credit card customers. The organisation additionally gives AURUM, Paytm, DMRC, BPCL, IRCTC, and SBI Elite and Prime Amex-SBI cards, as well as SimplySave and SimplyClick cards. SBI Cards and Payment Services Limited has a strategic partnership with American Express; and partnership settlement with Paytm, RuPay, and Delhi Metro Rail Corporation, in addition to collaboration with GooglePay and JioPay. The corporation was founded in 1998 and is situated in Gurugram, India. SBI Cards and Payment Services Ltd is a subsidiary company of SBI.

SBI Cards AndPayment Share Price

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Peer Comparison

SBI Cards AndPayment Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Operating Revenue	2889	2850	3100	3297	3507	3762	3912	4087	4622	4348
Other Income	250	166	163	156	149	154	134	134	120	127
Total Income	3140	3016	3263	3453	3656	3917	4046	4221	4742	4475
Total Expenditure	2307	1930	2074	2341	2467	2565	2631	2760	3258	2811
Operating Profit	832	1086	1188	1112	1190	1352	1415	1461	1484	1664
Interest Expense	277	267	308	368	464	507	571	605	695	724
Depreciation	37	39	39	39	41	45	48	47	51	52
Profit Before Tax	519	779	841	706	684	800	797	809	738	888
Provision for Tax	133	198	214	180	175	203	203	206	189	226
Profit After Tax	386	581	627	526	509	596	593	603	549	662
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	386	581	627	526	509	596	593	603	549	662
Adjusted Earnings Per Share	4.1	6.2	6.6	5.6	5.4	6.3	6.3	6.4	5.8	7

SBI Cards AndPayment Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	1007	1437	1820	2387	3346	5187	6999	9276	9296	10677	13667	16969
Other Income	53	74	86	106	125	183	288	476	417	1181	619	515
Total Income	1059	1510	1905	2493	3471	5370	7287	9752	9714	11858	14286	17484
Total Expenditure	711	912	1256	1521	1768	3066	4588	6230	6866	8034	8807	11460
Operating Profit	348	599	649	972	1703	2305	2699	3522	2847	3824	5478	6024
Interest Expense	212	305	378	533	1127	1361	1308	1689	1400	1503	2284	2595
Depreciation	1	1	1	1	5	24	55	104	123	149	164	198
Profit Before Tax	136	293	271	438	572	919	1335	1730	1324	2172	3031	3232
Provision for Tax	-1	0	4	154	199	318	470	485	339	556	772	824
Profit After Tax	136	293	267	284	373	601	865	1245	985	1616	2258	2407
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	136	293	267	284	373	601	865	1245	985	1616	2258	2407
Adjusted Earnings Per Share	1.7	3.7	3.4	3.6	4.7	7.7	10.3	13.3	10.5	17.1	23.9	25.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	28%	14%	21%	30%
Operating Profit CAGR	43%	16%	19%	32%
PAT CAGR	40%	22%	30%	32%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-13%	-10%	NA%	NA%
ROE Average	26%	22%	25%	30%
ROCE Average	15%	13%	15%	16%

SBI Cards AndPayment Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	453	746	966	1155	1449	2353	3588	5341	6302	7753	9830
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	225	141	241	341	563	1771	3232	4733	5019	7487	7967
Current Liability	2794	3827	5019	6339	8751	11551	13152	15095	15561	19249	27560
Other Liabilities & Provisions	16	276	-67	-45	-127	-78	11	-137	-265	-59	-58
Total Liabilities	3488	4989	6158	7790	10636	15598	19983	25032	26618	34430	45299
Loans	0	0	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	1	1	334	419	1572
Fixed Assets	1	1	2	2	24	242	196	311	308	439	551
Other Loans	389	795	537	592	32	64	65	32	72	61	31
Other Non Current Assets	0	0	0	0	0	124	27	40	10	14	23
Current Assets	3098	4193	5620	7196	10580	15168	19692	24648	25893	33496	43122
Total Assets	3488	4989	6158	7790	10636	15598	19983	25032	26618	34430	45299

SBI Cards AndPayment Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	32	84	162	291	274	283	312	734	516	643	758
Cash Flow from Operating Activities	-738	-398	-879	-1158	-2235	-2877	-2327	-4063	692	-4391	-6671
Cash Flow from Investing Activities	1	1	1	1	-1	-31	-76	-77	-997	-538	-921
Cash Flow from Financing Activities	788	475	1008	1141	2244	2935	2824	3923	432	5045	7824
Net Cash Inflow / Outflow	51	78	130	-17	9	26	422	-218	127	115	232
Closing Cash & Cash Equivalent	84	162	291	274	283	473	734	516	643	758	990

SBI Cards AndPayment Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1.74	3.73	3.4	3.62	4.75	7.66	10.33	13.26	10.47	17.14	23.87
CEPS(Rs)	1.75	3.74	3.41	3.63	4.81	7.97	10.99	14.36	11.78	18.71	25.6
DPS(Rs)	0	0	0.5	1	1	0	1	1	0	2.5	2.5
Book NAV/Share(Rs)	5.77	9.5	12.3	14.71	18.46	28.76	41.72	56.69	66.54	81.69	103.48
Net Profit Margin	13.54	20.4	14.66	11.89	11.14	11.59	12.36	13.42	10.59	15.14	16.53
Operating Margin	34.53	41.63	35.63	40.7	50.76	43.96	37.77	36.85	29.3	34.42	38.89
PBT Margin	13.46	20.4	14.87	18.36	17.08	17.72	19.08	18.65	14.24	20.34	22.17
ROA(%)	4.55	6.91	4.78	4.07	4.05	4.58	4.86	5.53	3.81	5.29	5.67
ROE(%)	35.43	48.89	31.16	26.77	28.64	32.43	30.08	28.24	17	23.15	25.82
ROCE(%)	12.92	15.95	13.09	15.24	20.22	19.42	17.11	17.07	11.56	13.38	14.83
Price/Earnings(x)	0	0	0	0	0	0	0	46.65	88.78	49.71	30.98
Price/Book(x)	0	0	0	0	0	0	0	10.91	13.97	10.43	7.15
Dividend Yield(%)	0	0	0	0	0	0	0	0.16	0	0.29	0.34
EV/Net Sales(x)	3.48	2.87	2.85	2.7	2.62	2.26	1.94	8.08	11.25	9.57	7.3
EV/Core EBITDA(x)	10.06	6.88	8	6.62	5.15	5.09	5.04	21.28	36.73	26.73	18.2
Interest Earned Growth(%)	41.05	42.72	26.65	31.16	40.19	55.01	34.94	32.54	0.22	14.85	28
Net Profit Growth	259.3	115	-9.01	6.45	31.33	61.23	43.89	43.92	-20.91	64.16	39.74
EPS Growth(%)	259.3	115	-9.01	6.45	31.33	61.23	34.91	28.32	-21.04	63.69	39.32
Interest Coverage(x) %	1.64	1.96	1.72	1.82	1.51	1.68	2.02	2.02	1.95	2.44	2.33

SBI Cards AndPayment Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	69.47	69.59	69.64	69.41	69.05	69.02	68.96	68.94	68.75	68.63
FII	10.28	9.53	8.29	8.82	9.13	8.45	9.48	9.09	9.35	8.59
DII	11.91	12.41	16.24	16.99	16.72	17.47	17.18	17.29	16.28	16.69
Public	8.33	8.47	5.83	4.77	5.11	5.06	4.38	4.69	5.61	6.1
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	65.52	65.63	65.69	65.48	65.3	65.3	65.27	65.26	65.37	65.26
FII	9.7	8.99	7.82	8.32	8.63	7.99	8.97	8.6	8.89	8.17
DII	11.23	11.71	15.32	16.03	15.81	16.53	16.25	16.37	15.48	15.87
Public	7.86	7.99	5.5	4.5	4.83	4.79	4.14	4.44	5.34	5.8
Others	0	0	0	0	0	0	0	0	0	0
Total	94.31	94.32	94.33	94.33	94.57	94.61	94.64	94.67	95.08	95.1

Pros

Company has delivered good profit growth of 30% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 22%

Cons

Stock is trading at 5.7 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.