SBI Cards & Payment Services Ltd (IN:SBICARD)
:SBICARD
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SBI Cards & Payment Services Ltd
(SBICARD)
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Rating:59Neutral
Price Target:
₹701.00
▼(-3.12% Downside)
Action:ReiteratedDate:09/10/25
SBI Cards & Payment Services Ltd's overall stock score is primarily influenced by its strong revenue growth and profitability, despite high debt levels and negative cash flows. The technical indicators suggest a bearish trend, and the valuation metrics indicate the stock may be overvalued. These factors combined result in a moderate overall score.
Positive Factors
Strong revenue growth and gross margin
Sustained top-line expansion and a very high gross margin indicate durable scale in card receivables and effective direct cost control. Over 2-6 months this supports continued investment capacity in products and marketing, and provides structural buffer to absorb higher operating expenses.
Negative Factors
High reliance on debt financing
Elevated leverage and a 21% equity ratio reduce financial flexibility and raise refinancing and interest-rate sensitivity. Over a 2-6 month horizon, high debt levels can constrain capital allocation, elevate funding costs, and increase vulnerability if credit conditions tighten or delinquency rises.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth and gross margin
Sustained top-line expansion and a very high gross margin indicate durable scale in card receivables and effective direct cost control. Over 2-6 months this supports continued investment capacity in products and marketing, and provides structural buffer to absorb higher operating expenses.
Read all positive factors
SBI Cards & Payment Services Ltd (SBICARD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹638.71B
Dividend Yield0.29%
Average Volume (3M)37.05K
Price to Earnings (P/E)36.8
Beta (1Y)0.84
Revenue Growth7.08%
EPS Growth-22.19%
CountryIN
Employees3,829
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)5.85
Shares Outstanding951,600,300
10 Day Avg. Volume38,181
30 Day Avg. Volume37,050
Financial Highlights & Ratios
PEG Ratio-2.07
Price to Book (P/B)5.95
Price to Sales (P/S)4.70
P/FCF Ratio-37.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹875.00Price Target Upside20.92% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)31.82
Revenue Forecast (FY)₹195.71B
SBI Cards & Payment Services Ltd Business Overview & Revenue Model
Company Description
SBI Cards and Payment Services Limited, a non-banking financial company, issues credit cards to individual and corporate customers in India. The company also acts as corporate insurance agent for selling insurance policies to credit card customers...
How the Company Makes Money
SBICARD primarily makes money from credit-card-related interest income and fee-based income generated from its cardholder base and transaction activity. A major revenue stream is finance charges (interest) earned on revolving credit—when cardholde...
SBI Cards & Payment Services Ltd Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 186.87B | 174.46B | 153.41B | 123.21B | 96.63B | 85.69B |
| Gross Profit | 151.86B | 142.68B | 127.51B | 106.78B | 86.37B | 75.92B |
| EBITDA | 39.94B | 27.27B | 34.29B | 31.94B | 23.21B | 14.47B |
| Net Income | 19.18B | 19.16B | 24.08B | 22.58B | 16.16B | 9.85B |
Balance Sheet | ||||||
| Total Assets | 698.62B | 655.46B | 581.71B | 455.46B | 346.48B | 270.13B |
| Cash, Cash Equivalents and Short-Term Investments | 33.33B | 27.38B | 27.30B | 9.90B | 7.58B | 6.72B |
| Total Debt | 492.25B | 449.47B | 403.15B | 315.31B | 232.85B | 181.92B |
| Total Liabilities | 550.73B | 517.64B | 460.87B | 357.15B | 268.96B | 207.11B |
| Stockholders Equity | 147.89B | 137.82B | 120.84B | 98.30B | 77.53B | 63.02B |
Cash Flow | ||||||
| Free Cash Flow | -42.27B | -21.96B | -55.26B | -67.64B | -44.91B | 6.35B |
| Operating Cash Flow | -42.10B | -21.40B | -54.52B | -66.71B | -43.91B | 6.92B |
| Investing Cash Flow | 5.14B | -24.91B | -14.57B | -9.21B | -5.38B | -9.97B |
| Financing Cash Flow | 43.11B | 46.87B | 84.01B | 78.24B | 50.45B | 4.32B |
SBI Cards & Payment Services Ltd Technical Analysis
Negative
723.60
Price Trends
732.14
Negative
797.61
Negative
836.96
Negative
Market Momentum
-30.26
Positive
33.01
Neutral
23.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SBICARD, the sentiment is Negative. The current price of 723.6 is above the 20-day moving average (MA) of 682.89, below the 50-day MA of 732.14, and below the 200-day MA of 836.96, indicating a bearish trend. The MACD of -30.26 indicates Positive momentum. The RSI at 33.01 is Neutral, neither overbought nor oversold. The STOCH value of 23.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SBICARD.
SBI Cards & Payment Services Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | ₹269.07B | 56.57 | ― | 0.82% | 3.63% | -11.24% | |
64 Neutral | ₹5.70T | 38.55 | ― | 0.56% | 22.38% | 18.37% | |
59 Neutral | ₹638.71B | 36.82 | ― | 0.29% | 7.08% | -22.19% | |
55 Neutral | ₹291.34B | 5.31 | ― | 1.87% | 4.79% | 13.08% | |
53 Neutral | ₹412.53B | 8.44 | ― | 2.83% | ― | ― | |
45 Neutral | ₹307.06B | 13.60 | ― | 0.07% | 22.50% | 8.48% |
* Financial Sector Average
IN:SBICARD
SBI Cards & Payment Services Ltd
671.20
-172.14
-20.41%
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21.47%
SBI Cards & Payment Services Ltd Corporate Events
SBI Cards Receives ESG Score of 71 from SEBI-Registered Rater
Apr 7, 2026
SBI Cards Payment Services Ltd has received an Environmental, Social, and Governance (ESG) score of 71 from ESG Risk Assessments Insights Ltd, a SEBI-registered ESG rating provider. The disclosure, made under SEBI’s listing regulations, un...
SBI Cards Issues 5,530 Shares on Employee Stock Option Exercise
Mar 22, 2026
SBI Cards Payment Services has allotted a total of 5,530 equity shares following the exercise of employee stock options under its 2019 and 2023 ESOP schemes. The Nomination and Remuneration Committee approved the issue of 3,350 shares at ₹1...
SBI Cards Engages Global Institutional Investors in Singapore Meetings
Mar 10, 2026
SBI Cards Payment Services Ltd disclosed that it held a series of one-on-one investor and analyst meetings in Singapore on March 10, 2026, organized by J.P. Morgan and attended by major global institutional investors including GIC Private Limited...
SBI Cards Announces Interim Dividend and Extends Internal Audit Chief’s Term
Mar 5, 2026
SBI Cards and Payment Services Ltd has declared an interim dividend of Rs 2.50 per equity share, representing 25% of the face value, for the financial year 2025-26, with March 11, 2026 set as the record date and payout to be completed by April 3, ...
SBI Cards Announces Interim Dividend and Extends Internal Audit Chief’s Term
Mar 5, 2026
SBI Cards Payment Services Ltd has declared an interim dividend of Rs 2.50 per equity share, or 25% of the Rs 10 face value, for the 2025-26 financial year, with March 11, 2026 set as the record date and payouts to be completed by April 3, 2026. ...
SBI Cards Declares Interim Dividend, Extends Tenure of Internal Audit Head
Mar 5, 2026
SBI Cards Payment Services Ltd has declared an interim dividend of Rs 2.50 per equity share, or 25% on a face value of Rs 10, for the financial year 2025-26, with March 11, 2026 set as the record date and payment to be completed by April 3, 2026....
SBI Cards Declares Interim Dividend and Extends Internal Audit Head’s Tenure
Mar 5, 2026
SBI Cards Payment Services Ltd has declared an interim dividend of Rs 2.50 per equity share, representing 25% of the face value of Rs 10 for the financial year 2025-26, with March 11, 2026 set as the record date and dividend payment to be complet...
SBI Card Publishes Audio Recording of Q3 FY26 Earnings Call
Jan 28, 2026
SBI Cards Payment Services Ltd has notified the stock exchanges that it has made available the audio recording of its Q3 FY26 earnings call with analysts and investors held on January 28, 2026. The disclosure, made under SEBI’s Listing Obli...
SBI Cards Allots 8,096 Shares Under 2023 Employee Stock Option Plan
Jan 27, 2026
SBI Cards and Payment Services Ltd has allotted 8,096 equity shares of face value ₹10 each to eligible employees following the exercise of stock options under its SBI Card Employee Stock Option Plan 2023, at an exercise price of ₹10 pe...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.