SBI Cards And Payment Services Ltd - Stock Valuation and Financial Performance

BSE: 543066 | NSE: SBICARD | Finance - NBFC | Mid Cap

SBI Cards AndPayment Share Price

737.90 -10.05 -1.34%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on SBI Cards AndPayment

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

SBI Cards And Payment Services stock performance -

mw4me loader
P/E Ratio (SA):
29.96
Market Cap:
70,172 Cr.
52-wk low:
678.8
52-wk high:
932.4

Is SBI Cards And Payment Services Ltd an attractive stock to invest in?

1. Is SBI Cards And Payment Services Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that SBI Cards And Payment Services Ltd is a good quality company.

2. Is SBI Cards And Payment Services Ltd undervalued or overvalued?

The key valuation ratios of SBI Cards And Payment Services Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is SBI Cards And Payment Services Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of SBI Cards And Payment Services Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of SBI Cards AndPayment:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
SBI Cards And Payment Services Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Operating Income (₹ Cr.)1,4371,8202,3873,3465,1876,9999,2769,29610,67713,66715,414
YoY Gr. Rt. %-26.7%31.2%40.2%55%34.9%32.5%0.2%14.9%28%-
Adj EPS (₹ ) 3.73.43.64.87.710.313.310.517.123.924.6
YoY Gr. Rt. %--8.9%6.5%31.2%61.3%34.9%28.4%-21%63.7%39.3%-
BVPS (₹ )9.512.314.718.528.841.756.766.581.7103.5122.6
YoY Gr. Rt. %-29.5%19.6%25.5%55.8%45.1%35.9%17.4%22.8%26.7%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)6.94.84.14.14.64.95.53.85.35.70

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income28.4%21.4%13.8%28%
Adj EPS22.9%25.5%21.7%39.3%
BVPS30.4%29.2%22.2%26.7%
Share Price - - -6.3% -2.8%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Asset Quality Ratio To view Asset Quality Ratio Colour Rating Guide click here
Net NPA to Net Advances (%)0.71.41.50.810.80.7000-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here
Capital Adequacy Ratio (%) 00015.718.320.122.4000-
Margins
Net Profit Margin (%)20.414.711.911.111.612.413.410.615.116.515.2
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)48.931.226.828.632.430.128.21723.225.820.1

Recent Performance Summary

Total Income has increased 13.79 CAGR in last 3 years

Net Profit has increased 21.65 CAGR in last 3 years

Total income growth is not so good in last 4 quarters

Return on Equity has declined versus last 3 years average to 21.80%

Latest Financials - SBI Cards And Payment Services Ltd.

Standalone Consolidated
TTM EPS (₹) 24.6 -
TTM Sales (₹ Cr.) 15,414 -
BVPS (₹.) 122.6 -
Reserves (₹ Cr.) 10,709 -
P/BV 6.02 -
PE 29.96 -
From the Market
52 Week Low / High (₹) 678.80 / 932.35
All Time Low / High (₹) 495.25 / 1164.65
Market Cap (₹ Cr.) 70,172
Equity (₹ Cr.) 951
Face Value (₹) 10
Industry PE 32.5

Management X-Ray of SBI Cards AndPayment:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of SBI Cards AndPayment

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income1,5101,9052,4933,4715,3707,2879,7529,71411,85814,286
Interest Income1,4371,8202,3873,3465,1876,9999,2769,29610,67713,667
Other Income 74861061251832884764171,181619
Expenditure 1,2171,6352,0552,8994,4515,9528,0238,3909,68611,255
Interest Expense 3053785331,1271,3611,3081,6891,4001,5032,284
Operating Expenses 7391,0201,2471,1972,2523,4474,3294,2195,2756,699
Provisions 1732372745758381,1962,0052,7712,9072,272
Exceptional Items 0000000000
Profit Before Tax 2932714385729191,3351,7301,3242,1723,031
Taxes 04154199318470485339556772
Profit After Tax 2932672843736018651,2459851,6162,258
Adjusted EPS (₹)3.73.43.64.87.710.313.310.517.123.9
Dividend Payout Ratio (%)0%15%28%21%0%10%8%0%15%10%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Equity Capital7469661,1551,4492,3533,4935,3416,2997,7539,830
Share Capital 785785785785785837939941943946
Reserves -391813706641,5682,6554,4025,3596,8108,884
Minority Interest0000000000
Long Term Borrowings4171732964361,6943,2434,5964,7547,4287,909
Current Liabilities 3,8275,0196,3398,75111,55113,15215,09515,56119,24927,560
Trade Payables891861195306657298931,1281,406
Short term borrowings3,3574,4585,5877,7059,64110,31712,84012,87615,49523,143
Other Liabilities-3,365-4,549-5,673-7,824-10,171-10,887-13,569-13,765-16,623-24,549
Total Liabilities 4,9896,1587,79010,63615,59819,98325,03226,61834,43045,299

Assets

Non Current Asset 796538594564302913847259342,177
Loan Asset 0000000000
Other Non Current Asset 796538594564302913847259342,177
Current Asset 4,1935,6207,19610,58015,16819,69224,64825,89333,49643,122
Current Investment0000000623878568
Other Current Asset4,1935,6207,19610,58015,16819,69224,64825,27032,61842,555
Total Assets 4,9896,1587,79010,63615,59819,98325,03226,61834,43045,299

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -398-879-1,158-2,235-2,877-2,327-4,063692-4,391-6,671
Cash Flow From Investing Activity 111-1-31-76-77-997-538-921
Cash Flow From Financing Activity 4751,0081,1412,2442,9352,8243,9234325,0457,824
Net Cash Flow 78130-17926422-218127115232
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)434581013101724
DPS (₹)0111011033
BVPS (₹)101215182942576782103

Performance Ratios

ROA (%)6.94.84.14.14.64.95.53.85.35.7
ROE (%)48.931.226.828.632.430.128.217.023.225.8
ROCE (%)16.013.115.220.219.417.117.111.613.414.8

Valuation Parameters

Price/Book(x)0.00.00.00.00.00.010.914.010.47.2

SBI Cards And Payment Services Ltd Stock News

SBI Cards And Payment Services Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SBI Cards AndPayment on 12-Apr-2024 16:59 is ₹737.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of SBI Cards AndPayment stood at ₹70,172.
The latest P/E ratio of SBI Cards AndPayment as of 12-Apr-2024 16:59 is 29.96.
The latest P/B ratio of SBI Cards AndPayment as of 12-Apr-2024 16:59 is 6.02.
The 52-week high of SBI Cards AndPayment is ₹932.4 and the 52-week low is ₹678.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SBI Cards AndPayment is ₹15,414 ( Cr.) .

About SBI Cards And Payment Services Ltd

SBI Card was launched in October 1998 by the State Bank of India and GE Capital. Incorporated as SBI Cards and Payment Services Private Limited (SBICPSL), SBI Card is headquartered in Gurgaon, Haryana.

In December 2017, State Bank of India and The Carlyle Group acquired GE Capital’s stake in SBI Card, post which SBI held 74% while Carlyle held 26% in the Company. The legal name of SBI Card was changed on August 20, 2019, from SBI Cards and Payment Services Private Limited to SBI Cards and Payment Services Limited, on account of its conversion from a ‘Private Limited’ company to a ‘Public Limited’ company. In March 2020, SBI Card became the first pure play credit card company to list on the stock exchanges in India. The company is the second largest credit card provider in the country, with huge card base. It also has offices in many cities in India.

Business area of the company

The company is engaged in the business of issuing credit cards to consumers in India. It offers Indian consumers access to a wide range of world-class, value-added payment products and services.

Products

The company’s product portfolio includes premium, classic, travel and shopping, exclusive and corporate cards, to cater to both individual and corporate needs.

Awards

  • 2013: Awarded VISA Recognition, ‘Best Issuing Institution’ for excellence in Fraud Risk Management, 2013.
  • 2014: Awarded ‘AISA Outsourcing Excellence Award: Excellence in Customer Service’ as part of CMO Asia Awards 2014.
  • 2015: Awarded ‘Gartner Global Eye on Innovation Award 2015.’
  • 2016: Awarded VISA Recognition ‘Champion Security Award’ South East Asia for Excellence in Fraud Risk Management- 2016.
  • 2017: Awarded ‘Best Data Quality Awards-Consumer Bureau Category- NBFC’, 2017 by Transunion CIBIL.
  • 2018: Awarded ‘Best Loyalty Program in Financial Sector: Non-Banking - 2018’ under Customer Loyalty Awards.
  • 2018: Awarded ‘Corporate Excellence Gold Award for Compliance Innovation’ as a part of SKOCH Summit 2018.
  • 2018: Awarded ‘Learning Innovator Award’ as part of GP Strategies Awards, 2018.
  • 2019: Awarded ‘Best Loyalty Program in Financial Sector: Non-Banking - 2019’ under Customer Loyalty Awards.
  • 2019: Awarded ‘Gold Winner: Customer Service Department of the Year; as part of Golden Bridge Awards, 2019.
  • 2019: Awarded ‘Best Data Quality- Consumer Bureau amongst NBFCs 2019’ as part of Data Quality Awards 2019.
  • 2020: Awarded in the category of ‘Analytics/Big Data’ as part of the DELL Technologies BFSI Technology Conclave, 2020.

Milestones

  • 1998: SBI Card enters the credit card space
  • 1999: SBI Card reaches the 1 lakh mark
  • 2002: SBI Card enters the ‘1 Million Cards’ club
  • 2002: SBI Card enters into its first partnership with a public sector bank
  • 2003: SBI Card launches Affinity Cards in 8 cities
  • 2005: SBI Card crosses 2 million card base
  • 2006: SBI Card launches co-branded cards with Indian Railways
  • 2006: SBI Card launches co-branded cards with SpiceJet and Tata
  • 2006: SBI Card becomes the second largest credit card issuer
  • 2010: SBI Card launches the SBI Platinum Card
  • 2011: SBI Card launches chip based EMV cards
  • 2012: SBI Card launches SBI Signature Card for HNIs
  • 2013: SBI Card launches Air India co-branded cards
  • 2014: SBI Card launches Fbb SBI ‘STYLEUP’ Card’
  • 2014: SBI Card enters the ‘3 Million Cards’ Club
  • 2015: SBI Card launches the SimplySAVE SBI Card
  • 2015: SBI Card launches SimplyCLICK
  • 2016: SBI Card launches SBI Card ELITE
  • 2016: SBI Card enters the ‘4 Million Cards’ Club
  • 2017: SBI Card launches Central SELECT SBI Cards
  • 2017: SBI Card launches SBI Card PRIME and SBI Card Unnati
  • 2017: SBI Card enters 5 million cards club
  • 2017: SBI Card launches BPCL SBI Card
  • 2018: SBI Card enters 6 million cards club
  • 2018: SBI Card launches Doctor's SBI Card
  • 2018: SBI Card launches virtual assistant ‘ELA’
  • 2018: Apollo SBI Card launched
  • 2018: SBI Card crosses 7 million customer base
  • 2019: Etihad Guest SBI Card launched
  • 2019: Ola Money SBI Card Launched
  • 2019: SBI Card enters 9 million cards club
  • 2019: SBI Card enters into a network partnership with Rupay network
  • 2019: SBI Card launches Club Vistara SBI Card PRIME and Club Vistara SBI Card
  • 2019: SBI Card enters 10 million cards club
  • 2020: SBI Card launches Lifestyle HC SBI Card, Max SBI Card and Spar SBI Card with Landmark Group
  • 2020: SBI Card becomes first pure play credit card issuer to list on BSE and NSE
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