Company File · BSE 543066 · Latest filing Q4 FY26
Standalone = this company only. Consolidated = including its subsidiaries.
SBI Cards and Payment Services Limited
Data as of 19 Oct 2026 close · BSE · Latest results Q4 FY26
ISIN INE018E01016 · SBICARD · Financial Services › Finance
About the business
What does SBI Cards do? SBI Cards & Payment Services is one of India's largest credit card issuers & a subsidiary of State Bank of India. It issues SBI-branded & co-branded cards to individuals & companies. What is a co-branded card? A card issued jointly with another brand, like an airline or retailer. It earns from interest, fees & merchant charges.
Price & valuation · BSE close, 19 Oct 2026
Below its usual level
Book value ₹165 a share
- NII growth
- +3.0%
- Profit growth
- +14.1%
- Credit cost
- 7.78%
- Price/book
- 3.45×
- Usual P/B
- 4.2×
- ROA
- 3.58%
- ROE
- 16.0%
- Borrowings/equity
- 2.80×
- Promoter
- 68.86%
- Pledged
- 0.00%
Earnings callsNo earnings-call transcript from SBI Cards and Payment Services in our data yet. When it files one on BSE, the call notes appear here within a few hours. See its call page
Is it expensive, and is it a good business?
Key ratios
In short Priced below its own usual level (P/B 3.45× vs 4.2×), earns about 16.0% a year on shareholders' money (ROE, an estimate), loses about 7.78% of its loans a year to bad loans (credit cost, an estimate) & borrows ₹2.80 for every ₹1 of shareholders' money.
What you pay Valuation
The share price is 3.4 times the accounting value of each share. Below its 1-year median of 4.2×.
Latest BSE close ÷ book value per share (equity ÷ shares) on the latest balance-sheet date. As of 19th October 2026.
Each share is backed by about ₹165 of net assets on the books.
Shareholders' equity ÷ shares. As of 31st March 2026.
The company paid ₹2.50 a share in the last 12 months (1 payout), 0.44% of today's share price.
Dividends per share with an ex-date in the last 12 months (restated for any split or bonus since) ÷ the latest BSE close. As of 19th October 2026.
How it is doing Growth, credit costs, returns & borrowing
NII was 3.0% higher than in Q4 FY25.
Latest quarter's net interest income (interest income less finance costs) vs the same quarter a year earlier. As of 31st March 2026.
Profit was 14.1% higher than in Q4 FY25.
Latest quarter's profit vs the same quarter a year earlier (the shareholders' share when the filings give it for both). As of 31st March 2026.
Its credit losses come to about 7.78% of its loans for a year, on Q4 FY26's figure.
Latest quarter: credit losses (impairment on financial instruments) × 4 ÷ the average loan book on the two latest balance sheets. An estimate, as balance sheets come every six months. As of 31st March 2026.
Each ₹100 of its assets earned about ₹3.58 in a year, on Q4 FY26's profit.
Latest quarter: the quarter's profit, a year's worth (× 4), ÷ average total assets on the two latest balance sheets. An estimate, as balance sheets come every six months. As of 31st March 2026.
Each ₹100 of shareholders' money earned about ₹16.0 in a year, on Q4 FY26's profit.
Latest quarter: the quarter's profit, a year's worth (× 4), ÷ average shareholders' equity on the two latest balance sheets. An estimate, as balance sheets come every six months. As of 31st March 2026.
It has borrowed ₹2.80 for every ₹1 of shareholders' money.
Borrowings ÷ shareholders' equity on the latest balance sheet. As of 31st March 2026.
Who owns it Ownership & more
The founders or parent group own 68.86% of the company.
Promoter & promoter group shareholding from the latest shareholding pattern filed with BSE. As of 30th September 2026.
Promoter holding did not change over the last quarter.
Latest quarter's promoter holding minus the previous quarter's. As of 30th September 2026.
Promoter holding, quarter by quarter
- Sep 202668.86%
- Jun 202668.86%
- Mar 202668.92%
- Dec 202568.58%
- Sep 202568.59%
Promoters reported no pledged shares.
Promoter group shares pledged ÷ all the promoter group's shares, from the shareholding pattern filed with BSE each quarter (other encumbrances, such as non-disposal undertakings, are not counted). As of 30th September 2026.
Pledged, quarter by quarter
- Sep 20260.00%
- Jun 20260.00%
- Mar 20260.00%
- Dec 20250.00%
- Sep 20250.00%
Each share has a face (nominal) value of ₹10. It matters for dividends quoted as a percentage, not for valuation.
Face value per share as BSE lists it today.
About 95.16 crore shares were in issue.
BSE's count of listed shares (BSE's market cap ÷ its price), so splits, bonuses & new shares since the latest results are included. As of 19th October 2026.
Your ratios
Ratios you added. Your choices are remembered on this device.
The stock market values the company at about ₹54,187 crore.
Latest BSE close × BSE's count of listed shares. As of 19th October 2026.
Buying the whole business, including its debt and keeping its cash, would cost about ₹95,931 crore.
Market value + borrowings − cash & bank balances. As of 19th October 2026.
The company reported ₹2,167 crore of profit over the last four quarters.
Sum of the last four quarters' reported profit after tax. As of 31st March 2026.
Each share earned about ₹22.76 over the last year.
Sum of the last four quarters' basic EPS. Uses earnings per share from continuing operations, so a one-off gain from selling a business does not flatter it. As of 31st March 2026.
Each share is backed by about ₹165 of net assets on the books.
Shareholders' equity ÷ shares. As of 31st March 2026.
About ₹26.7 of every ₹100 of sales was left after running costs.
EBITDA ÷ revenue over the last four quarters. As of 31st March 2026.
About ₹12.3 of every ₹100 of sales became profit last quarter.
Profit after tax ÷ revenue for the latest quarter. As of 31st March 2026.
Sales were 5.6% higher than a year earlier.
Latest quarter's revenue vs the same quarter last year. As of 31st March 2026.
Profit was 14.1% higher than a year earlier.
Latest quarter's profit after tax vs the same quarter last year (continuing operations when a one-off discontinued item exists). As of 31st March 2026.
No accepted balance sheet for this basis yet.
Current assets ÷ current liabilities. As of 31st March 2026.
Needs four consecutive quarters.
Trade receivables ÷ last 12 months' revenue × 365. As of 31st March 2026.
Stock on hand equals about 0 days of sales.
Inventories ÷ last 12 months' revenue × 365. As of 31st March 2026.
27.9% of pre-tax profit came from other income (interest, dividends, gains).
Other income ÷ profit before tax, last 12 months. As of 31st March 2026.
Each ₹1 of profit brought in ₹0.23 of operating cash.
Latest full year's cash from operations ÷ profit after tax. As of 31st March 2026.
Borrowings exceed cash by ₹41,744 crore.
Cash & bank balances − borrowings. As of 31st March 2026.
The company paid about 25.6% of its pre-tax profit as tax.
Tax expense ÷ profit before tax (continuing operations), last 12 months. As of 31st March 2026.
Operating profit before interest, depreciation & tax was ₹5,308 crore.
Revenue − expenses + finance costs + depreciation, last four quarters. As of 31st March 2026.
Needs five financial years of cash flows.
Sum over five financial years of (cash from operations − capital expenditure).
The company spent ₹34 crore on plant & equipment.
Purchase of property, plant & equipment, latest full year. As of 31st March 2026.
Borrowings stood at ₹44,064 crore.
Current + non-current borrowings. As of 31st March 2026.
Foreign institutions own 7.12%.
Foreign institutional holding from the latest shareholding pattern. As of 30th September 2026.
Domestic institutions own 20.20%.
Domestic institutional holding (mutual funds, insurers, banks, pension funds). As of 30th September 2026.
The highest price in the last year was ₹964.95.
Highest intraday BSE price in the last 12 months (raw, not adjusted). As of 23rd October 2025.
The lowest price in the last year was ₹548.
Lowest intraday BSE price in the last 12 months (raw, not adjusted). As of 8th October 2026.
The share price moved -39.3% over the last year.
Close today ÷ close a year ago − 1 (raw prices, dividends not included). As of 19th October 2026.
About 11% of the last year's earnings per share was paid out as dividends.
Dividends per share with an ex-date in the last 12 months ÷ the last four quarters' EPS. As of 31st March 2026.
Needs four financial years of results (three years of growth).
Compound annual growth in revenue over three financial years.
Needs four financial years of results (three years of growth).
Compound annual growth in profit after tax over three financial years.
Tap the i beside any ratio for a plain explanation.
How these are worked out
Price-based ratios use the latest BSE close (19th October 2026). Share count 95.16 crore, from paid-up capital in the 19th October 2026 filing. Figures are standalone.
What you pay: Banks & other lenders are valued on their books, so P/B (price ÷ book value per share) stands where P/E would.
How it is doing: Growth is on the same period a year earlier. The credit cost is a year's credit losses on its average loans: lower is better. ROA & ROE take the latest results' profit for a year on the average of the two latest balance sheets. Borrowings ÷ equity shows how much of its lending runs on borrowed money.
Who owns it: A steady promoter stake with nothing pledged is a calm sign.
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Last 4 quarters ₹ crore · Standalone
| ₹ crore | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|
| Interest income | 2,493 | 2,490 | 2,536 | 2,382 |
| Net interest income (NII) | 1,680 | 1,730 | 1,751 | 1,668 |
| Credit losses | 1,352 | 1,293 | 1,222 | 1,097 |
| Cost-to-income | 50.3% | 56.8% | 56.8% | 57.2% |
| Profit after tax | 556.0 | 444.8 | 556.6 | 609.3 |
| Basic EPS (₹) | 5.84 | 4.67 | 5.85 | 6.40 |
Latest filings BSE
Corporate announcements 19
- 18 Oct 2026Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015- Vesting Of Options Under SBI Card Employee Stock Option Plan 2023 (ESOP Plan 2023)
- 15 Oct 2026Disclosure Under Regulation 30 And 51 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Product Launch
- 15 Oct 2026Press Release / Media Release
Quarterly results 1
Conference calls 29
- 19 Oct 2026Analyst / Investor Meet - Intimation
- 30 Sep 2026Analyst / Investor Meet - Outcome
- 29 Sep 2026Analyst / Investor Meet - Outcome
Investor presentations 0
None in the filings we hold.
Members see every filing, and what each means for the company in Corporate Intelligence.
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