State Bank Of India

SBIN

₹771.5

-0.1% (-0.8)

Market Cap

₹6,88,624 Cr.

P/E

8.68

State Bank Of India

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on State Bank Of India Shareprice

Has the share price of SBI grown faster than its competition?

SBI has given better returns compared to its competitors.
SBI has grown at ~11.19% over the last 10yrs while peers have grown at a median rate of 2.21%

Is SBI stock expensive?

There is insufficient historical data to gauge this. Latest PE of SBI is 8.68

View FAQ's On Business

Growth Table

State Bank Of India
HDFC Bank
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ICICI Bank
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	2.55	22.22	15.94	21.23	31.53	15.75	17.47	12.96	16.34	11.19
TTM EPS CAGR	24.26	28.86	34.94	35.77	40.76	—	—	40.18	17.01	14.63
Sales CAGR	-15.02	4.06	6.16	6.46	6.01	7.03	8.03	6.37	6.70	6.81
PAT Margin (Abs Growth)	-0.61	2.98	6.78	8.78	14.30	17.34	15.68	9.74	7.09	7.85
PE CAGR	-17.47	-5.15	-14.08	-10.71	-6.56	—	—	-19.42	-0.57	-3.00

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

State Bank Of India
HDFC Bank
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ICICI Bank
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Dec'24
Assets	30,73,483	34,45,122	36,16,445	38,88,464	41,97,492	48,45,619	53,60,884	59,54,418	67,33,779	72,45,518
Cash and balance with Reserve Bank of India	1,60,425	1,61,019	1,50,769	1,77,363	1,66,968	2,13,499	3,18,492	2,47,321	2,25,356	2,33,919
Balances with banks and money at call	44,135	1,12,179	44,520	48,150	87,347	1,34,208	80,413	70,991	1,01,216	1,18,533
Investments	8,07,375	10,27,281	11,83,794	11,19,270	12,28,284	15,95,100	17,76,490	19,13,108	21,10,548	23,12,955
Advances	18,70,261	18,96,887	19,60,119	22,26,854	23,74,311	25,00,599	27,94,076	32,67,902	37,84,273	40,89,156
Fixed Assets	14,475	50,251	40,301	39,941	39,608	39,699	39,229	44,024	44,137	45,552
Other Assets	1,76,033	1,96,816	2,36,017	2,76,125	3,00,503	3,62,045	3,51,902	4,10,689	4,67,677	4,45,403
Liabilities	30,73,483	34,45,122	36,16,445	38,88,464	41,97,492	48,45,619	53,60,884	59,54,418	67,33,779	72,45,518
Shareholders Funds	1,80,592	2,17,192	2,30,322	2,34,496	2,51,060	2,75,562	3,05,588	3,58,931	4,14,939	4,80,191
Share Capital	776	797	892	892	892	892	892	892	892	892
Reserves	1,79,816	2,16,395	2,29,429	2,33,603	2,50,168	2,74,669	3,04,696	3,58,039	4,14,047	4,79,299
Deposits	22,53,858	25,99,811	27,22,178	29,40,541	32,74,161	37,15,331	40,87,411	44,68,536	49,66,537	52,82,741
Borrowings	3,61,399	3,36,366	3,69,079	4,13,748	3,32,901	4,33,796	4,49,160	5,21,152	6,39,610	7,56,023
Other Liabilities & Provisions	2,71,366	2,85,272	2,90,250	2,93,643	3,31,427	4,11,304	5,07,518	5,92,963	6,97,075	7,08,312

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

State Bank Of India
HDFC Bank
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ICICI Bank
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Total Income	2,73,461	2,98,640	3,06,528	3,30,687	3,68,011	3,85,338	4,06,973	4,73,378	5,94,575	6,48,695
Interest Earned	2,20,633	2,30,447	2,28,970	2,53,322	2,69,852	2,78,115	2,89,973	3,50,845	4,39,189	4,81,410
Interest/Discount on advances/Bills	1,57,002	1,56,790	1,44,959	1,66,125	1,85,494	1,76,780	1,77,475	2,28,741	2,97,310	3,30,937
Other Income	52,828	68,193	77,557	77,365	98,159	1,07,222	1,17,000	1,22,534	1,55,386	1,67,285
Interest Expended	1,43,047	1,49,115	1,46,603	1,55,867	1,61,124	1,56,010	1,56,194	1,89,981	2,59,736	2,93,360
Operating_expenses	74,307	87,290	96,155	1,14,800	1,31,782	1,50,430	1,74,363	1,89,814	2,35,894	2,32,632
PPOP	56,107	62,236	63,770	60,020	75,105	78,898	76,415	93,583	98,945	1,22,704
Provisions and Contingencies	43,363	62,626	67,958	56,951	56,928	54,618	40,059	37,024	30,807	14,383
Net Profit	12,225	241	-4,556	2,300	19,768	22,405	35,374	55,648	67,085	80,812
Number of shares(Crs)	776	797	892	892	892	892	892	892	892	—
Dividend Payout Ratio(%)	16.51	859	0.00	0.00	0.00	15.93	17.91	18.12	18.23	—

TTM Values as of Dec 2024

Cash Flow

State Bank Of India
HDFC Bank
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ICICI Bank
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Sep'24
Cash from Operating Activity	14,477	77,406	-96,508	29,556	23,929	89,919	57,695	-86,014	21,632	2,536
Profit Before Tax	17,658	1,577	-12,614	4,451	31,908	30,922	48,756	74,488	90,186	96,635
Adjustments	44,857	67,661	79,238	63,914	44,835	54,812	35,578	32,181	14,937	22,478
OCF Before Working Capital	62,516	69,238	66,624	68,365	76,743	85,734	84,334	1,06,669	1,05,124	1,19,113
Working Capital Changes	-38,540	9,546	-1,55,122	-30,634	-37,955	8,004	-17,615	-1,75,359	-52,223	-88,402
Taxes Paid	-9,498	-1,378	-8,010	-8,175	-14,859	-3,819	-9,024	-17,324	-31,268	-28,175
Cash from Investing Activity	-3,669	-2,832	11,066	-857	-3,324	-3,736	-3,619	-4,041	-4,252	-4,781
Net Fixed Assets Purchased	-3,776	-4,424	6,602	-3,006	-3,065	-3,828	-3,051	-3,416	-4,175	-4,783
Fixed Assets Purchased	-3,776	-4,424	—	-3,006	-3,065	-3,910	-3,305	-4,044	-4,175	-4,783
Fixed Assets Sold	—	—	6,602	—	—	81.80	254	627	—	—
Investment Purchased	87.68	1,586	5,239	403	-6,031	-3,177	-583	—	-82.16	—
Investment Sold	—	—	—	—	—	—	—	—	—	—
Interest Recieved	—	—	—	—	—	—	—	—	—	—
Dividends Recieved	7.52	3.85	15.46	11.72	14.67	3.19	3.19	2.66	5.57	7.71
Subsidiary Investments	—	—	—	—	—	—	—	—	—	—
Cash from Financing Activity	4,348	-4,196	5,547	448	5,430	7,143	-3,845	6,386	-9,896	-7,325
Proceeds From Shares	—	—	—	—	—	—	—	—	—	—
Net Long Term Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds From Borrowings	—	—	—	—	—	—	—	—	—	—
Repayment From Borrowings	—	—	—	—	—	—	—	—	—	—
Interest Paid	—	—	—	—	—	—	—	—	—	-10,317
Dividend Paid	-3,147	-2,499	-2,560	-121	-65.04	-3.65	-3,571	-6,338	-10,097	-12,227
Net Cash Flow	15,157	70,377	-79,895	29,147	26,034	93,325	50,232	-83,668	7,484	-9,570
Opening Cash & Cash Equivalents	1,88,481	2,04,559	2,73,197	1,95,289	2,25,512	2,54,315	3,47,707	3,98,905	3,18,312	—
Effect of FX	—	—	—	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	2,04,559	2,73,197	1,95,289	2,25,512	2,54,315	3,47,707	3,98,905	3,18,312	3,26,572	—
Free Cash Flow (est)	10,701	72,982	-89,906	26,550	20,864	86,091	54,644	-89,430	17,457	-2,246

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

State Bank Of India
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	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Gross NPA (%)	4.29	6.40	6.90	10.91	7.53	6.15	4.98	3.97	2.78	2.24
CASA Ratio (%)	39.43	40.62	43.70	44.46	44.55	44.17	45.40	44.52	42.67	39.93
CASA Amount (Crs)	8,09,556	9,15,589	11,36,244	12,10,174	13,09,968	14,46,211	16,86,780	18,19,712	19,06,519	19,82,930
Deposits (Crs)	20,52,961	22,53,858	25,99,811	27,22,178	29,40,541	32,74,161	37,15,331	40,87,411	44,68,536	49,66,537
CASA vs Total Liabilities (%)	29.98	29.79	32.98	33.46	33.69	34.45	34.81	33.94	32.02	29.45
CASA Amount (Crs)	8,09,556	9,15,589	11,36,244	12,10,174	13,09,968	14,46,211	16,86,780	18,19,712	19,06,519	19,82,930
Liabilities (Crs)	27,00,110	30,73,483	34,45,122	36,16,445	38,88,464	41,97,492	48,45,619	53,60,884	59,54,418	67,33,779
Sales per Branch (Crs)	15.68	0.00	16.92	13.74	15.05	16.56	17.33	24.32	84.52	26.35
Total Income (Crs)	2,57,290	2,73,461	2,98,640	3,06,528	3,30,687	3,68,011	3,85,338	4,06,973	4,73,378	5,94,575
Number of Branches	16,406	0.00	17,654	22,311	21,976	22,226	22,232	16,735	5,601	22,561
Profitability Ratios
Net Interest Margin (%)	2.93	2.69	2.54	2.47	2.73	2.82	2.75	2.69	2.93	2.88
Return On Assets (%)	0.69	0.44	-0.01	-0.12	0.08	0.45	0.54	0.71	1.00	1.07
Net Profit (Crs)	16,994	12,225	241	-4,556	2,300	19,768	22,405	35,374	55,648	67,085
Total Assets (Crs)	27,00,110	30,73,483	34,45,122	36,16,445	38,88,464	41,97,492	48,45,619	53,60,884	59,54,418	67,33,779
Credit Deposit Ratio (%)	82.43	82.98	72.96	72.01	75.73	72.52	67.30	68.36	73.13	76.20
Credit (Crs)	16,92,211	18,70,261	18,96,887	19,60,119	22,26,854	23,74,311	25,00,599	27,94,076	32,67,902	37,84,273
Deposits (Crs)	20,52,961	22,53,858	25,99,811	27,22,178	29,40,541	32,74,161	37,15,331	40,87,411	44,68,536	49,66,537
ROE (%)	11.35	7.48	-0.22	-2.16	1.48	8.32	10.13	13.61	18.44	18.97
Net Profit Margin (%)	6.61	4.47	0.08	-1.49	0.70	5.37	5.81	8.69	11.76	11.28
Asset Turnover Ratio	0.10	0.09	0.09	0.08	0.09	0.09	0.08	0.08	0.08	0.09
Equity Multiplier	16.73	17.02	15.86	15.70	16.58	16.72	17.58	17.54	16.59	16.23
EPS	22.76	15.75	0.30	-5.11	2.58	22.15	25.11	39.64	62.35	75.17
Valuation Ratios
P/E	11.73	12.34	967	0.00	124	8.89	14.51	12.45	8.40	10.01
Price to Book Value	1.24	0.84	1.28	1.09	1.36	0.77	1.29	1.56	1.41	1.73
Book Value	1,61,388	1,80,592	2,17,192	2,30,322	2,34,496	2,51,060	2,75,562	3,05,588	3,58,931	4,14,939
Dividend Yield (%)	1.31	1.34	0.89	0.00	0.00	0.00	1.10	1.44	2.16	1.82

Quarterly Results

State Bank Of India
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In Rs. Cr.	Sep'22	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24
Total Income	1,14,782	1,27,219	1,36,852	1,32,333	1,44,256	1,53,072	1,64,914	1,52,125	1,63,802	1,67,854
Interest Earned	84,463	91,518	98,083	1,01,460	1,07,391	1,12,868	1,17,469	1,18,242	1,21,045	1,24,654
Interest On Balances With RBI and Other Banks	826	856	986	1,479	1,457	1,551	1,455	1,400	1,381	1,838
Income from Investments	26,392	27,374	28,226	28,155	30,525	31,882	31,816	32,080	32,199	33,246
Interest/Discount on advances/Bills	54,155	60,777	65,704	69,284	72,535	75,881	79,610	81,212	84,081	86,034
Other Income	30,320	35,701	38,769	30,873	36,865	40,203	47,445	33,883	42,758	43,200
Interest Expended	45,232	49,366	53,451	58,045	62,955	68,092	70,644	71,701	73,619	77,397
Operating Expenses	45,777	50,301	56,171	45,980	58,598	61,190	63,027	49,589	57,123	62,892
Employee Cost	13,965	15,939	18,879	17,809	20,226	20,776	17,760	16,847	16,293	17,668
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General and Administration Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation and Amortization	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PPOP	23,773	27,552	27,230	28,308	22,703	23,790	31,243	30,835	33,060	27,565
Provisions and Contingencies	3,431	6,196	3,795	3,101	768	1,445	2,392	4,408	5,586	1,998
Profit Before Tax	20,342	21,355	23,436	25,208	21,936	15,245	28,852	26,428	27,474	25,566
Tax	5,325	5,686	5,092	6,472	5,553	3,962	7,115	6,747	7,255	6,391
Profit After Tax	15,017	15,670	18,343	18,736	16,383	11,283	21,736	19,681	20,220	19,175
Minority Interest	-545	-411	-675	-558	-548	-534	-819	-769	-782	-631
Net Profit	14,752	15,477	18,094	18,537	16,100	11,064	21,384	19,325	19,783	18,853
Quarterly Ratios
EPS	16.53	17.34	20.27	20.77	18.04	12.40	23.96	21.65	22.17	21.12
Operating Profit Margin	-7.75	-8.90	-11.76	-2.53	-13.19	-14.54	-13.79	-2.58	-8.01	-12.54
Net Profit Margin	17.78	17.12	18.70	18.47	15.26	10.00	18.50	16.64	16.70	15.38
Net Interest Margin	3.17	3.29	3.37	3.33	3.31	3.28	3.28	3.22	3.18	3.12
CASA Ratio	44.63	44.48	43.80	42.88	41.88	41.18	41.44	40.70	40.03	39.20
Gross NPA	3.52	3.14	2.78	2.76	2.55	2.42	2.24	2.21	2.13	2.07
Cost To Income Ratio	52.06	49.09	54.70	50.37	61.39	60.34	51.30	49.42	48.51	55.13

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

3.50%

Implied Growth Rate over a 5 year period*

-4.00%

Implied Growth Rate over a 10 year period*

-4.50%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Rhapson method.

Learn how to use Reverse DCF

FAQs on State Bank Of India Financials

How strong is SBI balance sheet?

Latest balance sheet of SBI is weak, and historically as well.

Is the profitablity of SBI improving?

Yes, profit is increasing.
The profit of SBI is ₹80,812 Crs for TTM, ₹67,085 Crs for Mar 2024 and ₹55,648 Crs for Mar 2023.

Does SBI pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
SBI latest dividend payout ratio is 18.23% and 3yr average dividend payout ratio is 18.09%

How has SBI allocated its funds?

Company has been allocating majority of new resources to productive uses like advances.

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State Bank Of India

State Bank Of India

Has the share price of SBI grown faster than its competition?

Is SBI stock expensive?

How strong is SBI balance sheet?

Is the profitablity of SBI improving?

Does SBI pay decent dividends?

How has SBI allocated its funds?

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