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Swing Capital

SBI Cards & Payment Services Ltd

NSE: SBICARD BSE: 543066Banking

SBI Cards and Payment Services Limited is a non-deposit accepting systemically important nonbanking financial company registered with the RBI. The Company is engaged in issuing credit cards to consumers in India. It is headquartered in Gurgaon, Haryana. It is a subsidiary of India’s largest commercial bank, the State Bank of India. [1][2][3]

₹624
52W: ₹612 — ₹1027
PE 27.4 · Book ₹165 · +278% vs book
Market Cap₹59,380 Cr
Stock P/E27.4Price to Earnings
ROCE10.1%Return on Capital
ROE14.7%Return on Equity
Div. Yield0.4%Face Value ₹10

Weaknesses

  • −Stock is trading at 3.75 times its book value
  • −Company has low interest coverage ratio.
  • −Dividend payout has been low at 11.1% of profits over last 3 years

Shareholding Pattern

Promoters68.92%
FIIs9.54%
DIIs18.12%
Public3.42%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters68.62%68.61%▼0.068.6%▼0.068.6%68.59%▼0.068.59%68.58%▼0.068.92%▲0.3
FIIs8.72%9.18%▲0.59.52%▲0.39.88%▲0.410.23%▲0.310.1%▼0.110.14%▲0.09.54%▼0.6
DIIs16.54%16.76%▲0.216.47%▼0.317.22%▲0.817.5%▲0.317.76%▲0.317.84%▲0.118.12%▲0.3
Public6.11%5.46%▼0.75.41%▼0.04.3%▼1.13.68%▼0.63.56%▼0.13.42%▼0.13.42%

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales0000000000
Expenses3,2582,8112,8673,1733,3723,3203,4393,7423,7853,625
Operating Profit0000000000
OPM %0%0%0%0%0%0%0%0%0%0%
Net Profit549662594404383534556445557609
EPS ₹5.786.976.254.254.035.615.844.675.856.4

AI Insights

Revenue Trend

Mar 2026 revenue at ₹0Cr, up 0% YoY. OPM at 0%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Institutional Flow

DIIs: 18.12% (+0.95pp change). FIIs: 9.54% (+0.06pp change). Promoters hold 68.92%.

Margin & Efficiency

ROCE improving from 0% (Mar 2015) to 0% (Mar 2026). Working capital days: 0.

Valuation

PE 27.4x with 10.1% ROCE. Price is 278% above book value of ₹165. Dividend yield: 0.4%.

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