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SBI Cards and Payment Services Limited

SBI Cards and Payment Services Limited

SBICARD.NS
SBI Cards and Payment Services LimitedIN flagNational Stock Exchange of India
596.10
INR
-8.85
- -
567.26BMarket Cap
SBI Cards and Payment Services Limited
SBICARD.NS
(National Stock Exchange of India)

Recent

price

596.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
30.22
48.03
59.46
78.53
80.81
91.69
113.07
134.48
155.88
172.59
160.75
Revenue per Share
4
6.44
9.45
13.35
10.48
17.16
23.92
25.39
20.15
22.77
19.74
Basic EPS, GAAP
-23.96
-30.85
-25.43
-43.56
6.76
-47.68
-71.63
-60.41
-23.09
4.83
- -
Free Cash Flow per Basic Share
1.01
1.01
- -
1.08
1
- -
2.25
3.82
3.02
2.28
- -
Dividend per Share
12.04
20.59
28.02
39.22
46.4
57.59
74
91.53
104.86
10
- -
Book Value per Share
15.53
24.52
38.33
56.3
66.03
80.93
102.83
126.11
143.82
164.49
- -
Tangible Book Value per Share
933
933
915
933
939
942
944
948
951
952
951
Basic Weighted Avg Shares
28,186
44,801
54,403
73,248
75,919
86,367
106,776
127,512
148,255
164,232
152,910
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
48
245
552
1,038
1,233
1,486
1,638
1,968
1,468
1,362
1,324
Depreciation Expense
3,729
6,011
8,650
12,448
9,845
16,161
22,585
24,079
19,164
21,667
18,778
Net Income, GAAP
34.77
34.61
35.21
28.03
25.63
25.6
25.48
25.49
25.74
25.62
25.77
Effective Tax Rate (%)
13.23
13.42
15.9
16.99
12.97
18.71
21.15
18.88
12.93
13.19
12.28
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
82,684
114,128
135,494
175,728
180,680
232,849
315,311
403,147
451,707
440,637
- -
LT Debt
14,488
23,531
35,878
53,412
63,020
77,527
98,300
120,840
137,817
157,255
- -
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
39.51
38.58
40.01
24.56
33.04
36.39
30.74
20.55
39.67
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
951
- -
Market Capitalization
631,314
837,956
906,637

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
- -
25,599
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
20.18%
14.1%
Free Cash Flow
- -
-190.84%
-120.92%
Net Income, GAAP
- -
20.63%
13.06%
Sales/Revenue/Turnover
- -
16.77%
10.78%
Total Cash Common Dividend
- -
- -
-24.42%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
30,823
31,753
34,944
29,992
127,512
2025
35,690
36,203
37,943
38,413
148,255
2026
40,351
42,217
40,640
- -
164,232

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6.27
6.37
5.78
6.97
25.39
2025
6.25
4.25
4.03
5.62
20.15
2026
5.84
5.85
6.4
- -
22.77

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.82
2025
- -
- -
- -
- -
3.02
2026
- -
- -
- -
- -
2.28
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Business
SBI Cards and Payment Services Limited SBI Cards and Payment Services Limited (SBICARD.NS) operates as India's second-largest credit card issuer and a pure-play non-banking financial company, providing a comprehensive portfolio of credit cards and payment services to individual and corporate customers nationwide. Incorporated in 1998 as a joint venture between State Bank of India State Bank of India and GE Capital, with headquarters in Gurugram, Haryana, the company offers premium cards such as SBI Card ELITE and AURUM featuring accelerated reward points, milestone benefits, concierge services, complimentary air tickets, gift vouchers, domestic and international lounge access, and exclusive travel perks; classic cards including Cashback SBI Card with 5% cashback on online spends; travel and shopping cards like MILES series, KrisFlyer SBI Card, Titan SBI Card, and PhonePe SBI Card providing air miles, hotel points, lounge access, and sector-specific rewards; corporate cards encompassing SBI Signature Corporate Card and SBI Platinum Corporate Card with dynamic credit limits, spend controls, transaction alerts, travel insurance, and air accident coverage up to Rs 1 crore; utility, purchase, and virtual cards; co-branded cards through partnerships with banks like Oriental Bank, Aditya Birla Finance, and Reliance Retail's RuPay Credit Card; and additional services including 14 payment modes, insurance agency for credit card customers, and digital tools like the SBI Card Mobile App and SBI Card Pay. As a subsidiary of State Bank of India, it serves retail consumers, corporates, and MSMEs across India, emphasizing customer acquisition, risk management, and digital payment adoption with over 21.5 million cards in force as of September 2025. Recent developments include the leadership transition with Salila Pande assuming the role of Managing Director and CEO on April 1, 2025; launches of the KrisFlyer SBI Card in partnership with Singapore Airlines for super-premium travel benefits, PhonePe SBI Card offering up to 10% back on groceries, bills, and travel, and enhancements to the AURUM super-premium card; a deepened partnership between affiliate SBI Payments and Pine Labs announced in January 2025 to advance next-generation commerce solutions; strong Q2 FY26 financial performance with net profit rising 10% year-over-year to Rs 445 crore amid 31% spend growth and improved asset quality; and sustained focus on RuPay-UPI integration, festive offers, and MSME credit cards to drive growth and hyper-personalization.