State Bank of India

₹ 1,040 1.12%
16 Jan 2:21 p.m.
🔗 Website | BSE: 500112 | NSE: SBIN
9,59,846
1,040
1,047
13.5
561
1.54
6.37
17.3

ABOUT

State Bank of India is a Fortune 500 company. It is an Indian Multinational, Public Sector banking and financial services statutory body headquartered in Mumbai. It is the largest and oldest bank in India with over 200 years of history.[1]

Stock Analysis

Description

State Bank of India (SBI) is India's largest public sector bank, a Fortune 500 company with a significant market share in banking and financial services, boasting a history of over 200 years.

Key Growth Triggers

Key growth triggers include strong advances and deposit growth, ongoing operational efficiency improvements through projects like 'SARAL', digital initiatives such as YONO 2.0, and strategic capital management including QIPs and bond issuances.

Order Book

Currently no data available for Order Book.

Key Red Flags

Contingent liabilities of ₹27,32,684 Cr were noted in historical data. A minor penalty of ₹10,00,000 was imposed by Additional Superintendent of Stamps, Gandhinagar, with nil financial implication expected.

Key Dates To Watch

  • Q2 FY26 Board Meeting to approve financial results: November 4, 2025.
  • Analyst Meet post-results: November 4, 2025.
  • Compliance certificate for quarter ended December 31, 2025 (Q3 FY26) submitted on January 9, 2026.

Peer Comparison

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.SBI1039.8513.50959845.671.5420159.67-9.09119653.935.086.37474742.6270.3071360.4116665.941.841.1011.95
2.Bank of Baroda306.958.29158734.982.705180.63-4.1433318.244.446.29131574.3263.6419236.145133.561.011.1810.53
3.Punjab Natl.Bank131.208.81150787.392.185120.598.7232512.766.786.32129502.9873.6417035.455125.281.051.0712.22
4.Canara Bank155.007.27140595.092.604896.4315.8132071.976.266.79125841.2560.8519140.984850.031.211.0814.05
5.Union Bank (I)175.006.98133588.192.725072.699.7326819.180.376.72108368.2467.1818937.805072.691.051.249.95
6.Indian Bank847.059.64114094.601.903108.6311.0116628.288.196.3864543.1768.7211785.543107.971.471.3510.65
7.Bank of India155.307.0570702.902.612575.586.4218521.486.046.1773784.3571.8310019.952576.690.840.9411.67

Quarterly Results

Figures in Cr.

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
YOY Sales Growth %
14.94%24.31%31.41%32.06%26.95%23.23%19.46%16.2%12.32%10.02%7.77%5.8%5.08%
Expenses
25,97630,07833,04928,17330,98931,62631,88729,28832,10229,84742,14032,63336,399
Material Cost %
Employee Cost %
16.11%17.04%18.95%17.3%18.67%18.14%14.72%13.87%13%13.69%15.05%14.32%13.88%
Operating Profit
OPM %
Other Income
8,87411,46813,96112,06310,7914,35917,36911,16215,27111,04124,21017,34619,919
Exceptional items
00000-7,1000000004,593
Other income normal
8,87411,46813,96112,06310,79111,45917,36911,16215,27111,04124,21017,34615,326
Interest
44,67648,54752,55957,07061,87966,91869,38770,40172,25175,98176,89276,92376,670
Depreciation
0000000000000
Profit before tax
18,08119,45921,30522,79619,30112,54827,13822,99924,78822,64024,84425,78526,504
Tax %
27%27%22%26%26%27%24%26%26%25%25%26%24%
Net Profit
13,26514,20516,69516,88414,3309,16420,69817,03518,33116,89118,64319,16020,160
EPS in Rs
14.8615.9218.7118.9216.0610.2723.1919.0920.5418.9320.8921.4721.84

Profit & Loss

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
Sales Growth %
Expenses
50,32757,16169,56680,1721,32,0631,20,3041,14,9401,23,3481,14,6011,10,9531,26,4231,29,8481,41,018
Material Cost %
Raw material cost
Change in inventory
Manufacturing Cost %
Employee Cost %
Other Cost %
Operating Profit
OPM %
Other Income
18,55322,57627,84535,46144,60136,77545,22143,49640,56436,61651,68261,68372,515
Exceptional items
Other income normal
Interest
87,06997,3821,06,8031,13,6581,45,6461,54,5201,59,2391,54,4411,54,7501,87,2632,55,2552,95,5243,06,466
Depreciation
1,3341,1161,7002,2932,9193,2123,3043,3183,2493,2973,3523,5290
Profit before tax
16,17419,31413,77414,855-15,5281,60725,06327,54143,42267,20681,78395,27199,773
Tax %
33%32%28%29%-58%46%42%26%27%25%25%26%
Net Profit
10,89113,1029,95110,484-6,54786214,48820,41031,67650,23261,07770,90174,854
Exceptional items AT
Profit excl Excep
Profit for PE
Profit for EPS
EPS in Rs
14.5917.5512.8213.15-7.340.9716.2322.8735.4956.2968.4479.4483.13
Dividend Payout %
21%20%20%20%0%0%0%17%20%20%20%20%

Balance Sheet

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
747747776797892892892892892892892892923
Reserves
1,17,5361,27,6921,43,4981,87,4892,18,2362,20,0212,31,1152,52,9832,79,1963,26,7163,76,3544,40,2705,17,136
Borrowings
Long term Borrowings
Short term Borrowings
Lease Liabilities
Other Borrowings
Other Liabilities
96,4131,37,3321,58,8041,55,2351,78,3471,45,5951,63,1041,81,9772,29,9292,72,4572,88,8022,89,0742,77,158
Trade Payables
19,16620,18518,4380023,87626,82317,68533,43127,36015,66427,7010
Advance from Customers
Other liability items
77,2471,17,1471,40,3651,55,2351,78,3471,21,7191,36,2811,64,2921,96,4982,45,0972,73,1392,61,3732,77,158
Total Liabilities
17,92,23520,47,71423,57,14527,05,96634,65,96136,80,91239,51,38845,34,42749,87,59555,16,97961,79,68666,75,99869,87,469
Fixed Assets
7,7169,0429,81942,34539,20138,50938,02338,06737,46742,10142,12643,68552,094
Land
Building
3,112.463,419.393,634.5835,961.330,201.5430,831.7730,317.8730,362.6930,453.1435,053.4435,116.3735,469.05
Plant Machinery
Equipments
Furniture & fittings
Vehicles
Intangible Assets
Other fixed assets
15,806.9217,751.0619,551.221,856.3530,114.9131,074.7833,497.6236,131.5438,171.8340,859.7543,574.647,392.79
Gross Block
18,919.3821,170.4523,185.7857,817.6560,316.4561,906.5563,815.4966,494.2368,624.9775,913.1978,690.9782,861.84
Accumulated Depreciation
11,202.9212,128.6513,366.6215,472.6621,115.7423,397.625,792.0928,426.8231,157.4933,812.4636,564.639,177.14
CWIP
2862875705747926894163522412814914230
Investments
3,98,8004,81,7595,75,6527,65,99010,60,9879,67,02210,46,95513,51,70514,81,44515,70,36616,71,34016,90,57317,28,080
Other Assets
13,85,43315,56,62617,71,10418,97,05823,64,98226,74,69228,65,99431,44,30334,68,44139,04,23044,65,72949,41,31852,07,295
Inventories
Trade receivables
Receivables under 6m
Receivables over 6m
Prow for Doubtful
Cash Equivalents
72,4991,00,9411,14,5481,71,9721,91,8991,58,1541,46,6311,89,7982,96,5222,25,6782,06,7402,08,8262,72,575
Loans & Advances
Other Assets items
Total Assets
17,92,23520,47,71423,57,14527,05,96634,65,96136,80,91239,51,38845,34,42749,87,59555,16,97961,79,68666,75,99869,87,469

Cash Flows

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
14,10727,62111,19711,060-85,42534,62825,68889,86658,415-91,35219,02245,860
Profit from operations
36,87443,84248,26554,93061,96564,09969,81878,50076,14997,21792,7321,18,297
Receivables
Inventory
Payables
Loans Advances
-1,78,436-1,08,106-1,90,658-1,39,625-1,36,598-3,05,526-1,82,189-1,51,453-2,98,556-4,74,447-5,14,219-4,73,760
Other WC items
10,959-27,375-12,611-25,521-31,301-54,852-8,049-61,01545,958-26,622-28,84014,600
Working capital changes
-11,630-11,962-29,883-43,762-1,40,410-22,893-31,02813,760-9,921-1,73,216-44,934-41,684
Direct taxes
-11,137-4,259-7,185-108-6,980-6,578-13,102-2,395-7,812-15,353-28,776-30,753
Cash from Investing Activity
-189-3,126-2,991-4,7761,01,061-2,948-433-3,556-1,724-503-2,264-106
Fixed assets purchased
-2,333-2,490-2,738-2,961-4,105-2,663-3,268-3,441-2,715-3,423-3,505-5,112
Fixed assets sold
0000000105195000
Investments purchased
Investments sold
Interest received
Redeemp Cnce of Shares
Acquisition of companies
00000000-130-1,5100
Other investing items
2,917132758-1,6281,00,1821,0102,544-2028882,7947891,907
Cash from Financing Activity
3,811-2,2894,506-1,7804,291-1,0883,3525,633-5,1785,202-13,855-16,327
Redemption of debentures
Proceeds from borrowings
000003,0338,13300000
Repayment of borrowings
Interest paid fin
-3,686-3,823-3,723-4,195-4,472-4,112-4,781-4,951-5,288-5,595-8,438-10,139
Dividends paid
-4,508-1,236-3,059-2,3370000-3,570-6,337-10,085-12,227
Financial liabilities
Other financing items
2,000-2005,903-922-15,019-90-16,848-10,293-2,000-13,433-13,961
Net Cash Flow
17,72922,20612,7124,50419,92730,59128,60791,94251,514-86,6532,90229,428

Ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
Inventory Days
Days Payable
Cash Conversion Cycle
Working Capital Days
ROCE %

Shareholding Pattern

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
57.5%57.49%57.47%57.49%57.49%57.54%57.54%57.51%57.43%57.43%57.42%55.5%
President Of India
57.557.4957.4757.4957.4957.5457.5457.5157.4357.4357.4255.5
FIIs
10.09%9.89%10.36%10.72%10.91%11.09%11.15%10.71%10.27%9.94%9.33%9.57%
Government Of Singapore
1.071.011.111.111.06
DIIs
25.36%25.2%24.83%24.36%24.15%23.96%23.61%23.96%24.79%24.92%25.54%27.65%
Hdfc Mutual Fund Schemes
1.781.771.761.751.41.421.391.341.581.77
Hdfc Trustee Company Ltd_ A/C Hdfc Top 100 Fund
1.811.77
Icici Mutual Fund Schemes
1.291.461.671.931.81
Icici Prudential Mutual Fund Schemes
1.361.271.181.01
Icici Prudential Value Discovery Fund
1.411.51
Kotak Mutual Fund Schemes
1.091.07
Life Insurance Corporation Of India
8.768.829.028.939.069.319.139.389.29.59
Life Insurance Corporation Of India - Ulif00420091___
8.758.77
Nippon Life India Mutual Fund Schemes
1.071.071.021.031.121.211.241.4
Nps Trust Schemes
1.371.41.421.351.331.341.41.491.631.72
Nps Trust-A/C Uti Retirement Solutions Pension Fun___
1.121.29
Sbi Mutual Fund Schemes
3.143.022.982.973.173.23.212.962.93.21
Sbi Tax Advantage Fund Series Iii
3.413.14
Government
0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.14%0.14%0.14%0.14%0.14%
Public
7.03%7.4%7.3%7.41%7.4%7.37%7.67%7.67%7.35%7.54%7.56%7.13%
Others
No. of Shareholders
27,97,19629,93,29829,48,53630,29,11630,47,68531,50,35036,13,12737,91,51237,19,91338,26,54937,54,45936,18,554

News & Updates

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jan - KFin certificate under SEBI Reg 74(5) confirming dematerialisation processes for quarter ended 31.12.2025.
Change In Senior Management
31 Dec - Ms Jayati Bansal, DMD (International Banking), superannuates from SBI effective 31.12.2025 COB.
Closure of Trading Window
29 Dec - Trading window closed from 1 Jan 2026 until 48 hours after Dec 31, 2025 quarter results.
Announcement under Regulation 30 (LODR)-Change in Directorate
17 Dec - Central Government reappoints SBI MD Ashwini K. Tewari until superannuation on 31.12.2027.
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
16 Dec - 16.12.2025 Mumbai group meeting with major institutional investors; only public information shared.

Annual Reports

Credit Ratings

Rating update
14 Oct 2025 from crisil
Rating update
13 Oct 2025 from icra
Rating update
13 Oct 2025 from care
Rating update
8 Oct 2025 from care
Rating update
11 Sep 2025 from icra
Rating update
11 Sep 2025 from fitch

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