MarketFriction

State Bank of India

NSE SBIN · BSE 500112 · Public Sector Bank
₹954.10 -0.56%
NSE close2026-10-01
52 week range857.25 - 1,234.70
Market cap₹8,90,492 Cr.
P/E10.6
Nifty 50Nifty 100Nifty 200Nifty 500Nifty BankNifty PSU BankNifty Financial Services No price band Delivery 50.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue107,391112,868117,469118,242121,045124,654126,840125,729128,040130,386131,080136,240
Interest62,95568,09270,64471,70173,61977,39778,22778,26678,00278,78379,95382,248
Expenses59,36562,63565,41853,99662,70964,89074,43859,49672,26576,79975,05064,930
Financing Profit-14,930-17,858-18,593-7,455-15,283-17,634-25,825-12,034-22,227-25,196-23,923-10,938
Financing Margin %-14%-16%-16%-6%-13%-14%-20%-10%-17%-19%-18%-8%
Other Income36,86533,10347,44533,88342,75843,20052,72241,26350,88455,26249,99943,821
Depreciation000000000000
Profit before tax21,93615,24528,85226,42827,47425,56626,89729,22928,65730,06726,07632,884
Tax %25%26%25%26%26%25%26%26%25%27%23%25%
Net Profit16,64811,59822,20320,09420,56519,48420,37922,12121,86122,17620,50825,121
EPS in Rs18.0412.4023.9621.6522.1721.1221.9623.7622.9023.0921.2826.12
Gross NPA %2.53%2.13%
Net NPA %0.63%0.52%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue220,633230,447228,970253,322269,852278,115289,973350,845439,189490,313514,933525,747
Interest143,047149,115146,603155,867161,124156,010156,194189,981259,736300,943315,005318,986
Expenses109,985145,666169,065166,104172,909192,821197,349204,303239,750252,043278,781289,045
Financing Profit-32,399-64,334-86,697-68,649-64,181-70,715-63,570-43,439-60,297-62,674-78,853-82,284
Financing Margin %-15%-28%-38%-27%-24%-25%-22%-12%-14%-13%-15%-16%
Other Income52,82868,19377,55777,36598,159107,222117,000122,534155,386173,031197,711199,967
Depreciation2,2522,9153,1053,4963,6623,7113,6913,6963,8493,9914,8300
Profit before tax18,177945-12,2455,22030,31732,79649,73975,39991,240106,365114,028117,683
Tax %30%141%-66%41%40%26%27%25%25%26%25%
Net Profit13,019-97-3,7493,35121,14023,88837,18357,75069,54380,52386,66689,665
EPS in Rs15.750.30-5.112.5822.1525.1139.6462.3575.1786.9190.2493.39
Dividend Payout %17%859%0%0%0%16%18%18%18%18%19%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth9%13%14%6%
Compounded Profit Growth21%30%14%6%
Stock Price CAGR14%16%17%11%
Return on Equity11%16%17%15%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital747776797892892892892892892892892923
Reserves160,641179,816216,395229,429233,603250,168274,669304,696358,039414,047486,144595,208
Deposits2,052,9612,253,8582,599,8112,722,1782,940,5413,274,1613,715,3314,087,4114,468,5364,966,5375,439,8986,043,097
Borrowing244,663361,399336,366369,079413,748332,901433,796449,160521,152639,610610,857777,302
Other Liabilities240,149276,472288,391294,860299,676339,364420,926518,719605,796712,669775,938904,646
Total Liabilities2,699,1613,072,3213,441,7603,616,4393,888,4604,197,4864,845,6155,360,8785,954,4156,733,7567,313,7308,321,176
Fixed Assets12,92415,41551,18942,03539,94139,60841,60041,03245,88046,07247,71659,772
CWIP4007866959257624701162866424178
Investments673,507807,3751,027,2811,183,7941,119,2701,228,2841,595,1001,776,4901,913,1082,110,5482,205,6012,359,502
Other Assets2,012,3292,248,7462,362,5942,389,6852,728,4872,929,1233,208,7983,543,3283,995,3614,577,0935,060,3715,901,824
Total Assets2,699,1613,072,3213,441,7603,616,4393,888,4604,197,4864,845,6155,360,8785,954,4156,733,7567,313,7308,321,176
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity26,29714,47777,406-96,50829,55623,92989,91957,695-86,01421,63245,48438,097
Cash from Investing Activity-3,424-2,747-4,57213,053220-555-3,670-2,652-966-3,476-3,3879,240
Cash from Financing Activity-1,5534,348-4,1965,5474485,4307,143-3,8456,386-9,896-10,737-3,427
Net Cash Flow21,32016,07868,638-77,90830,22328,80393,39251,198-80,5938,26031,36143,910
Free Cash Flow22,84810,70172,982-89,90626,55020,86486,09154,644-86,01417,45739,84729,734
CFO/OP30%22%93%-148%43%40%110%72%-47%27%33%32%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %11%7%0%-2%1%7%9%12%17%17%17%15%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters57.49%57.49%57.54%57.54%57.51%57.43%57.43%57.42%55.50%55.50%55.52%55.47%
FIIs10.72%10.91%11.09%11.15%10.71%10.27%9.94%9.33%9.57%10.34%11.41%10.81%
DIIs24.36%24.15%23.96%23.61%23.96%24.79%24.92%25.54%27.65%27.04%26.11%26.52%
Government0.03%0.03%0.03%0.03%0.14%0.14%0.14%0.14%0.14%0.13%0.13%0.14%
Public7.41%7.40%7.37%7.67%7.67%7.35%7.54%7.56%7.13%6.97%6.81%7.06%
No. of Shareholders30,29,11630,47,68531,50,35036,13,12737,91,51237,19,91338,26,54937,54,45936,18,55435,67,46137,63,42738,98,366

Fundamentals

Market Cap₹ 8,90,492 Cr.
Current Price₹ 965
Stock P/E10.6
Book Value₹ 674
ROCE6.13 %
ROE15.4 %
Dividend Yield1.80 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)6%
Consolidated figures.
Valuation
Market capRs 880,693 Cr
Enterprise valueRs 7,432,411 Cr
P/E (TTM)10.22x
Price to book1.48x
Price to sales1.68x
EV / EBITDA16.83x
EV / EBIT17.02x
EV / sales14.14x
Price to cash flow23.12x
Earnings yield9.79%
Dividend yield1.82%
P/E, 3-year average9.91x
P/B, 3-year average1.52x
P/E, 5-year average10.12x
P/B, 5-year average1.46x
Profitability
Operating margin (excl. other income)45.86%
Operating margin (incl. other income)84.26%
EBITDA margin83.98%
Pre-tax margin22.38%
Net profit margin16.40%
Net margin, latest quarter17.70%
ROE15.38%
ROCE6.15%
ROA1.07%
ROE, 3-year average16.64%
ROCE, 3-year average6.27%
ROA, 3-year average1.08%
ROE, 5-year average15.77%
ROCE, 5-year average5.69%
ROA, 5-year average0.98%
ROIC (approx.)4.56%
Tax rate25.31%
Other income / net worth33.17%
Growth
Sales growth (latest year)5.02%
Profit growth (latest year)7.40%
Sales CAGR, 3 years13.64%
Sales CAGR, 5 years13.11%
Profit CAGR, 3 years14.39%
Profit CAGR, 5 years30.03%
Sales growth QoQ3.94%
Profit growth QoQ22.76%
Sales growth YoY (latest quarter)8.36%
Profit growth YoY (latest quarter)13.73%
Per share
EPS (TTM)Rs 93.40
EPS (latest year)Rs 90.24
EPS (latest quarter)Rs 26.12
EPS, 3-year averageRs 84.11
EPS, 5-year averageRs 70.86
Book value per shareRs 645.82
Sales per shareRs 569.57
Cash flow per shareRs 41.27
Free cash flow per shareRs 32.21
Dividend per share (latest year)Rs 17.35
Dividend per share, 3-year averageRs 15.65
Dividend per share, 5-year averageRs 13.07
Dividends
Dividend payout19.23%
Dividend payout, 3-year average18.58%
Dividend payout, 5-year average18.36%
Efficiency
Asset turnover0.06x
Fixed asset turnover8.62x
Leverage
Total debtRs 6,820,399 Cr
Cash and bankRs 268,682 Cr
Net debtRs 6,551,718 Cr
Debt to equity11.44x
Net debt / EBITDA14.84x
Interest coverage1.37x
Owners' fund to total sources7.16%
Debt to assets81.96%
Cash flow
Cash from Operating Activity (latest year)Rs 38,097 Cr
Cash from Investing Activity (latest year)Rs 9,240 Cr
Cash from Financing Activity (latest year)Rs -3,427 Cr
Net Cash Flow (latest year)Rs 43,910 Cr
Free cash flow (latest year)Rs 29,734 Cr
FCFE (approx.: FCF + change in debt)Rs 799,378 Cr
Cash from ops / profit, 5 years0.23x
Sales to cash flow13.52x
Statement figures
Net sales (TTM)Rs 525,747 Cr
Net sales (latest year)Rs 514,933 Cr
Sales (latest quarter)Rs 136,240 Cr
Operating profit excl. other income (latest year)Rs 236,152 Cr
Operating profit (latest quarter)Rs 71,310 Cr
Other income (TTM)Rs 199,967 Cr
EBITDA (TTM)Rs 441,498 Cr
PBDT (TTM)Rs 122,512 Cr
Profit before tax (TTM)Rs 117,683 Cr
Tax (latest year)Rs 28,860 Cr
Net profit (TTM)Rs 86,210 Cr
Net profit (latest year)Rs 83,299 Cr
Net profit (latest quarter)Rs 24,113 Cr
Depreciation (TTM)Rs 4,830 Cr
Interest (TTM)Rs 318,986 Cr
Cost of goods sold (latest year)Rs 1,685 Cr
Total expenditure (latest year)Rs 278,781 Cr
Total income (latest year)Rs 712,644 Cr
Share capitalRs 923 Cr
ReservesRs 595,208 Cr
Shareholders' fundsRs 596,131 Cr
Total assetsRs 8,321,176 Cr
Net blockRs 59,772 Cr
Capital work in progressRs 78 Cr
InvestmentsRs 2,359,502 Cr
Other liabilitiesRs 904,646 Cr
Shares outstanding (crore)923.06
Ownership
Promoter holding55.47% (-1.95 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 10.2 is at the 20th percentile of its own 7.4-year range (median 12.5, low 8.0, high 145.0).
P/B 1.48 is at the 49th percentile (median 1.49).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSBINNifty 50Difference
1 week-2.5%-2.8% +0.3 pts
1 month-7.8%-6.8% -1.0 pts
3 months-8.3%-7.6% -0.6 pts
6 months-2.6%+0.4% -3.0 pts
1 year+10.8%-9.9% +20.7 pts
2 years+19.0%-13.6% +32.5 pts
3 years+59.4%+14.2% +45.2 pts
5 years+111.2%+27.9% +83.4 pts
634 mutual fund schemes hold about ₹102,589 Cr. Over three months 491 bought more and 85 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Flexi Cap Fund4.16%4,725 +5%
HDFC Balanced Advantage Fund3.46%3,710 +12%
SBI Aggressive Hybrid Fund3.94%3,498 +9%
SBI Focused Fund5.58%2,862 -7%
Kotak Flexi Cap Fund4.47%2,523 +11%
Kotak Flexi Cap Fund4.47%2,511 +11%
SBI Large Cap Fundd3.67%2,025 +12%
SBI Arbitrage Fund3.75%1,773 +31%
Nippon India Large Cap Fund2.95%1,599 +33%
ICICI Pru Balanced Advantage Fund(M2.00%1,509 +12%
HDFC Focused Fund5.31%1,497 +9%
Mirae Asset Large & Midcap Fund3.08%1,409 +8%
Kotak Large & Mid Cap Fund4.10%1,325 +9%
ICICI Pru Value Fund2.12%1,275 +25%
Mirae Asset Large Cap Fund3.18%1,230 +13%
SBI Large & Midcap Fund2.88%1,219 +9%
UTI Nifty 50 Index Fund3.98%1,172 +12%
Kotak Arbitrage Fund(M1.51%1,142 +195%
Kotak Multi Cap Fund3.89%1,139 +29%
ICICI Pru Large Cap Fund1.41%1,128 +23%
SBI PSU Fund16.39%1,099 +7%
Aditya Birla SL PSU Equity Fund17.85%1,084 +12%
Mirae Asset ELSS Tax Saver Fund4.03%1,062 +6%
Nippon India Small Cap Fund1.28%1,060 +7%
Aditya Birla SL Large Cap Fund3.54%1,050 +10%

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was 46% of net profit over the last 3 years
explainLow interest cover Interest cover 1.4x in 2026
lookProfit leans on other income Other income was 173% of pre-tax profit in 2026
lookAuditor change Auditor change 2025-11-15: State Bank Of India has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2024-06-11Ravi Shankar-sell100Rs 0.01 CrMarket Sale
2024-06-05Ravi Shankar-buy400Rs 0.03 CrMarket Purchase
2024-06-05Ravi Shankar-sell400Rs 0.03 CrMarket Sale
2024-06-04Ravi Shankar-buy400Rs 0.03 CrMarket Purchase
2024-06-03Ravi Shankar-sell200Rs 0.02 CrMarket Sale
2019-10-10THE PRESIDENT OF INDIAPromotersother19,107,691Rs 471.68 CrOff Market
2019-02-18PRESIDENT OF INDIA (GOI)Promotersother50,431,982Rs 1309.97 CrOff Market
2018-12-20Sanjiv MalhotraDirectorbuy9,600Rs 0.28 CrMarket Purchase
2018-06-20THE PRESIDENT OF INDIAPromotersother33,107,830Rs 901.86 CrOff Market
2018-06-20THE PRESIDENT OF INDIAPromoterssell29,673,684Rs 808.31 CrMarket Sale
2017-11-20The President Of IndiaPromotersother40,138,658Rs 1294.62 CrOff Market
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Revenue ₹136,240 Cr +8.4% vs Jun 2025. Net profit ₹25,121 Cr +13.6%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Punjab National Bank128,4345.816.13 %
Union Bank of India126,7186.146.30 %
Bank of Baroda117,7425.335.63 %
Canara Bank108,4035.466.52 %
Indian Bank107,1178.386.32 %
Bank of Maharashtra60,8868.086.03 %
Indian Overseas Bank59,59910.46.07 %
Bank of India59,2355.035.93 %
UCO Bank28,90410.35.55 %
Central Bank of India27,1905.965.64 %
Punjab & Sind Bank14,97910.85.95 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-05-15Dividend - Rs 17.35 Per Share
2025-05-16Dividend - Rs 15.90 Per Share
2024-05-22Dividend - Rs 13.70 Per Share
2023-05-31Dividend - Rs 11.30 Per Share
2022-05-25Dividend - Rs 7.10 Per Share
2021-06-03 Dividend - Rs 4 Per Share
2018-06-15 Annual General Meeting/ Change In Registrar And Transfer Agent
2017-05-26 Dividend - Rs 2.60 Per Share (Purpose Revised)
2016-06-03 Dividend - Rs 2.60/- Per Share
2015-05-28Dividend - Rs 3.50/- Per Share (Purpose Revised)
2014-11-20Face Value Split Rs.10/- To Re.1/- Per Share0.1000
2014-05-29Annual General Meeting And Dividend Rs 15 Per Share (Purpose Revised)
2014-03-11Interim Dividend Rs 15 Per Share
2013-05-28Dividend Rs 41.50 Per Share (Purpose Revised)
2012-05-24Annual General Meeting And Dividend Rs 35 Per Share (Purpose Revised)
2011-05-20Dividend-Rs.30/- Per Share (Purpose Revised)
2010-06-09Final Dividend-Rs.20/- Per Share (Purpose Revised)
2010-02-05Int Div-Rs.10/- Per Share
2009-06-10Dividend-Rs.29/ Per Share
2008-05-29Div-Rs.21.50 Per Share
2008-01-28Rights-Eq 1:5@Prem Rs1580
2007-06-13Dividend-Rs.14/- Per Sh Purpose Revised
2006-06-19Dividend-Rs.14 Per Share
DateTypeWhat it says
2026-09-26Concall / analyst meetInvestor interaction organised by CITI
2026-09-25General Updates27.09.2026 (Sunday) being a working day
2026-09-19Concall / analyst meetSchedule of meet
2026-09-15Concall / analyst meetOutcome of investors interaction
2026-09-14General UpdatesPresentation: SBI Investor Day 15.09.2026
2026-09-08Concall / analyst meetSchedule of meet
2026-09-07General UpdatesNotice of Strike Served by United Forum of Bank Unions
2026-08-31Change in ManagementChange in Senior Management
2026-08-28Concall / analyst meetOutcome of Interaction with Institutional Investors
2026-08-21AllotmentAllotment of 149200 Equity Shares kept in Abeyance
2026-08-21Concall / analyst meetSchedule of meet
2026-08-17Concall / analyst meetInteraction with Institutional Investors arranged by Motilal Oswal
2026-08-13Concall / analyst meetTranscript
2026-08-12Concall / analyst meetSchedule of meet
2026-08-11General UpdatesRaising of Senior Unsecured Fixed Rate Reg S Bond
2026-08-10General UpdatesRaising of Senior Unsecured Bond
2026-08-07Concall / analyst meetLink of Recording
2026-08-07Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-08-07Press ReleaseA press release dated August 07, 2026, titled "Press Release on the Financial Results for the Quarter ended 30.06.2026".
2026-08-07Investor PresentationInvestor Presentation
2026-08-07Board meeting outcomeSBIN: State Bank of India has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-31Change in ManagementChange in Senior Management
2026-07-30AllotmentAllotment of 4691 bonds
2026-07-29General UpdatesUpdates regarding bidding for Additional Tier 1 Bonds
2026-07-29Press ReleaseA press release dated July 29, 2026, titled "Press Release: Issuance of Additional Tier 1 Bonds".
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.93
Max pain (expiry 2026-10-27)1,000
Largest call open interest at1,000
Largest put open interest at1,000
Implied volatility, at the money21.0%
Underlying at snapshot954.10
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-294,026
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-08-18NCLTM/s. State Bank Of India Vs M/s. Shri Shyam Ji Ahrico Exports Pvt. Ltd.
2021-08-17NCLTState Bank Of India Vs Sapna Aggarwal
2021-08-17NCLTState Bank of India Vs Shri Lal Mahal Ltd
2021-08-17NCLTM/s. State Bank Of India Vs Archana Aggarwal
2021-08-16NCLTState Bank Of India Vs Sapna Aggarwal
2021-08-16NCLTState Bank Of India Vs Jaya Singh
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of State Bank of India?

State Bank of India (SBIN) has a market capitalisation of Rs 8,90,492 Cr. at the 2026-10-01 close.

What is the P/E ratio of State Bank of India?

State Bank of India trades at a P/E of 10.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were State Bank of India's latest quarterly results?

In the Jun 2026 quarter, State Bank of India revenue was Rs 136,240 Cr (+8.4% vs Jun 2025) and net profit was Rs 25,121 Cr.

What is the 52-week high and low of State Bank of India?

The 52-week high is Rs 1,234.70 and the 52-week low is Rs 857.25.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03