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State Bank of India (IN:SBIN)
:SBIN
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State Bank of India
(SBIN)
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Rating:79Outperform
Price Target:
₹993.00
▲(11.65% Upside)
State Bank of India scores well due to its strong financial performance and attractive valuation. The technical analysis supports a positive outlook, although indicators suggest caution due to potential overbought conditions. The absence of earnings call and corporate events data does not impact the score significantly.
State Bank of India (SBIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹8.19T
Dividend Yield1.79%
Average Volume (3M)646.29K
Price to Earnings (P/E)10.0
Beta (1Y)0.96
Revenue Growth10.39%
EPS Growth17.04%
CountryIN
Employees232,296
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)21.47
Shares Outstanding9,230,617,000
10 Day Avg. Volume803,714
30 Day Avg. Volume646,295
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)1.41
Price to Sales (P/S)1.06
P/FCF Ratio16.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹962.55Price Target Upside8.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
State Bank of India Business Overview & Revenue Model
Company DescriptionState Bank of India provides banking products and services to individuals, commercial enterprises, corporates, public bodies, and institutional customers in India and internationally. The company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business, and Other Banking Business segments. It offers personal banking products and services, including current accounts, savings accounts, salary accounts, fixed and recurring deposits, and flexi and annual deposits; home, personal, auto, education, and gold loans, as well as loans against property and securities; overdrafts; mutual funds, insurance, equity trading, portfolio investment schemes, remittance services; and mobile and digital banking services. The company also provides corporate banking products and services comprising corporate accounts, working capital and project finance, deferred payment guarantees, corporate term loans, structured finance, dealer and channel financing, equipment leasing, loan syndication, construction equipment loans, financing Indian firms' overseas subsidiaries or JVs, cash management, and asset-backed loans, as well as trade and service products. In addition, it offers NRI services, including accounts and deposits, remittances, investments, and loans; agricultural banking and micro-credit to agriculturists and farmers; supply chain finance, and deposits and transaction banking services for SME customers; and international banking services. Further, the company provides treasury, broking, bill payment, and MICR services; and merchant banking, advisory, securities broking, business & management consultancy, trustee business, factoring, payment, asset management, investment management, credit cards, and custody and fund accounting services. It also offers support and business correspondent services. As of March 31, 2022, the company operated 22,266 branches and 65,030 ATMs. State Bank of India was founded in 1806 and is headquartered in Mumbai, India.
How the Company Makes MoneyState Bank of India generates revenue primarily through interest income from loans and advances made to customers, which constitutes a significant portion of its earnings. The bank charges interest on various types of loans, including personal loans, home loans, and business loans, which are typically higher than the interest it pays on deposits. Additionally, SBIN earns fees and commissions from various services such as account maintenance, transaction processing, and financial advisory. The bank also profits from trading in government securities, foreign exchange, and derivatives. Significant partnerships with financial technology firms have allowed SBIN to enhance its digital services, further expanding its customer base and revenue potential. Furthermore, the bank's extensive network of branches and ATMs across India facilitates a strong retail banking presence, bolstering its deposit base and, consequently, its lending capacity.
State Bank of India Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.67T | 6.50T | 5.83T | 4.60T | 3.92T | 3.70T |
| Gross Profit | 887.25B | 3.50T | 3.24T | 2.70T | 2.36T | 2.14T |
| EBITDA | 292.29B | 1.10T | 950.89B | 790.94B | 534.30B | 365.07B |
| Net Income | 212.01B | 775.61B | 670.85B | 556.48B | 353.74B | 224.05B |
Balance Sheet | ||||||
| Total Assets | 74.44T | 73.14T | 67.34T | 59.54T | 53.61T | 48.46T |
| Cash, Cash Equivalents and Short-Term Investments | 3.90T | 3.58T | 5.98T | 5.37T | 5.95T | 5.32T |
| Total Debt | 5.86T | 6.11T | 5.57T | 5.22T | 4.58T | 4.27T |
| Total Liabilities | 69.05T | 68.09T | 63.03T | 55.83T | 50.44T | 45.60T |
| Stockholders Equity | 5.20T | 4.87T | 4.15T | 3.59T | 3.06T | 2.76T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 428.49B | 174.57B | -900.57B | 543.90B | 860.09B |
| Operating Cash Flow | 0.00 | 484.86B | 216.32B | -860.14B | 576.95B | 899.19B |
| Investing Cash Flow | 0.00 | -56.35B | -42.52B | -40.41B | -36.19B | -37.36B |
| Financing Cash Flow | 0.00 | -137.39B | -98.96B | 63.86B | -38.45B | 71.43B |
State Bank of India Technical Analysis
Positive
889.35
Price Trends
839.24
Positive
823.08
Positive
785.98
Positive
Market Momentum
13.51
Negative
67.15
Neutral
88.49
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SBIN, the sentiment is Positive. The current price of 889.35 is above the 20-day moving average (MA) of 870.39, above the 50-day MA of 839.24, and above the 200-day MA of 785.98, indicating a bullish trend. The MACD of 13.51 indicates Negative momentum. The RSI at 67.15 is Neutral, neither overbought nor oversold. The STOCH value of 88.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SBIN.
State Bank of India Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹8.19T | 9.96 | ― | 1.79% | 10.39% | 17.04% | |
76 Outperform | ₹3.72T | 14.30 | ― | 0.08% | 6.08% | -7.26% | |
74 Outperform | ₹1.38T | 7.07 | ― | 3.16% | 7.78% | 2.18% | |
73 Outperform | ₹10.12T | 18.95 | ― | 0.77% | 20.17% | 15.72% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
57 Neutral | ₹585.44B | 58.02 | ― | 2.20% | -2.45% | -88.84% |
* Financial Sector Average
IN:SBIN
State Bank of India
889.35
91.23
11.43%
IN:AXISBANK
Axis Bank Limited
1,200.15
10.62
0.89%
IN:BANKBARODA
Bank of Baroda
264.35
26.84
11.30%
IN:ICICIBANK
ICICI Bank Limited
1,436.70
186.99
14.96%
IN:INDUSINDBK
IndusInd Bank Ltd.
751.45
-556.55
-42.55%
IN:KOTAKBANK.IL
Kotak Mahindra Bank Limited
2,205.50
418.01
23.39%
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.