SBI Cards and Payment Services Limited share price
NSE: SBICARD · ISIN INE018E01016
Key numbers
- Market cap
- ₹ 58,164 Cr
- Current price
- ₹ 611.20
- 52-week high / low
- ₹ 965 / 565
- Stock P/E
- 25.5
- Book value
- ₹ 165.2
- Dividend yield
- 0.41%
- ROCE
- 10.1%
- ROE
- 14.7%
- Debt to equity
- 2.81
- Sales growth (3 yrs)
- 13.5%
- Profit growth (3 yrs)
- -1.4%
- 1-year return
- -30.9%
About SBI Cards and Payment Services Limited
SBI Cards and Payment Services Limited, a non-banking financial company, provides credit cards to individual and corporate customers in India. The company offers corporate, central travel, utility, and corporate purchase and virtual cards. It also acts as a corporate insurance agent for selling insurance policies to credit card customers. The company was incorporated in 1998 and is headquartered in Gurugram, India. SBI Cards and Payment Services Limited operates as a subsidiary of State Bank of India.
Quarterly results
Consolidated figures in ₹ crores
| Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 3,841 | 4,035 | 4,222 | 4,064 | 4,064 |
| Operating profit | 1,512 | 1,596 | 1,568 | 1,562 | 1,668 |
| Net profit | 534 | 556 | 557 | 609 | 664 |
| EPS (₹) | 5.62 | 5.84 | 5.85 | 6.40 | 6.98 |
Concall summary (2026-07-30)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- The GDP is projected to expand around 6.6% in FY26-27, supported by strong momentum in private consumption and services.
- Despite volatility in interest rates in Q4 FY26 and Q1 FY27, the daily average cost of funds remained stable at 6.6% for the quarter ended June 2027.
Growth & demand
- India has emerged as a global leader in real -time digital payments, with 49% of the worldwide transaction volume and UPI serving as the backbone of the country's digital economy, enabling instant and secure payments on scale.
- Our strong market position, with 18.6% market share in cards in force and 19.5% share in card spends reinforces confidence in our strategy and our ability to deliver sustainable growth in the evolving credit card markets.
Margins & costs
- Our PAT for Q1 FY27 has grown to INR664 crores, up 20% Y-o-Y, driven by significantly improved credit cost.
- With portfolio yield at 16% for the quarter, the net interest margin for the first quarter was at 10.8%.
Capex & expansion
- Continue to invest in next -generation digital capabilities to elevate and simplify customer journey; harness data and analytics to enhance customer insights and engagement; strengthen credit decision making, ma intain robust underwriting standards; prudent risk management and reinforce portfolio quality.
- We expect asset growth to pick up from the second half of financial year 2027, given higher new acquisition from this quarter onwards and festive season in Q3.
Balance sheet & cash
- Supported by momentum in customer spend, the receivables have increased to INR58,269 crores, representing a growth of around 2% quarter-over-quarter and 3% Y-o-Y.
- We continue to remain watchful, particularly for any second order impact on fuel prices, inflation, and consequently, customer cash flows.
Peers in Credit Services
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