NSE/SBIN

SBINState Bank of India

Financial Services · NSE

₹1,080.25+1.23%

52-wk low52-WEEK RANGE52-wk high

₹742.2+45.5% from low ·-12.0% from high₹1,227.8

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

SBIN+45.55% · 1Y

Range high ₹1,234.7Range low ₹741Latest ₹1,080.25252 bars · daily-close · NSE bhavcopy + 10Y history

Financial ServicesBanks - RegionalLargecapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite75/100

Performance

High

Amongst the strong performers in the market.

· 52w return +32.3% — strong momentum
· Trades 15.1% above 200-DMA — uptrend intact

Valuation

Low

Appears to be fairly valued to cheap vs peers.

· P/E 12.1 vs sector median 18.5 — 35% cheaper
· PEG 0.53 — growth is priced attractively

Growth

Medium

Steady but not standout growth.

· Revenue YoY +14.5%
· 3Y revenue CAGR +14.0%

Profitability

Medium

Average profitability vs peers.

· ROE 14.3%
· Net margin 33.9% — strong pricing power

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeA(76/100)

Durability

70/100

Reasonable financial health; watch the weaker inputs.

Show 2 drivers

Piotroski F-score6/8 (75pt)
ROE14.3% (57pt)

Valuation

A+

86/100

Attractively valued vs peers and growth — good margin of safety.

Show 4 drivers

P/E vs sector (12.1 / 18.5)65% (100pt)
PEG0.53 (100pt)
P/B1.73 (70pt)
Dividend yield1.47% (37pt)

Momentum

71/100

Constructive setup — momentum building, not extended.

Show 5 drivers

52w change+32.3% (82pt)
DMA-trend alignmentsideways (50pt)
RSI (14)53.3 (60pt)
Price vs 200-DMA+13.4% (87pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)12.07

UNDERVALUED

CheapestP/E 12.1 at 29th %ile of sector — cheaper than 71% of peers.Most expensive

P/B1.73

FAIR

CheapestP/B 1.73 at 38th %ile of sector.Most expensive

Monthly seasonality

Avg monthly return over 11 years · historical — not a forecast

Best: Oct +6.50% · Worst: Aug -2.44%

Jan

-0.3%

45% win

Feb

+0.1%

33% win

Mar

-1.1%

58% win

Apr

+1.7%

50% win

May

+3.4%

73% win

Jun

+0.5%

Monthly return distribution

Distribution of 135 monthly returns

Mean

+1.40%

Median

+0.57%

Std dev

9.68%

Best

+38.3%

Worst

-35.0%

% positive

56%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 1

Strong net margin (33.9%)
High margin indicates pricing power + operating efficiency

WEAKNESSES · 0

No material weaknesses flag from the numbers

OPPORTUNITIES · 0

No strong near-term catalysts visible

THREATS · 0

No immediate threats from the data

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+1.2%

+1.3%

+3.2%

+8.2%

+25.0%

+40.5%

+26.7%

+22.2%

10Y

+19.7%

Fundamentals

VALUATION

Market cap

₹10,22,614 Cr

P/E (TTM)

12.1

P/E (fwd)

12.0

next 12m

P/B

1.73

EV/EBITDA

—

Book value

₹641.36

per share

PROFITABILITY · QUALITY

ROE

14.3%

ROCE

—

Net margin

33.9%

Op margin

29.7%

Gross margin

0.0%

D/E

—

GROWTH · MARKET

Rev YoY

+14.5%

Profit YoY

+9.3%

Div yield

1.47%

Payout

17.3%

52w change

+32.3%

Beta

0.46

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 3

+Trading at -34.8% vs sector median P/EP/E 12.1 vs Financial Services median 18.5 — relative value on earnings
+Strong operating margin (29.7%)Meaningful pricing power or cost discipline — above many Indian companies
+3-year profit CAGR of 29.9%Consistently compounding earnings — the Buffett playbook

CONS · 0

No material concerns surface from the ratios alone — still layer qualitative research.

Sector-relative context

Financial Services · 58 peers

P/E (TTM)

This stock

12.07

Sector median

18.51

Rank 17/58 (72th %ile)

ROE

This stock

14.3%

Sector median

13.6%

Rank 39/58 (34th %ile)

P/B

This stock

1.73

Sector median

2.13

Rank 22/58 (64th %ile)

Quality score · Piotroski F-score

6 / 8

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✓Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✓Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✗ROA improved YoY· Getting more productive with the asset base
—Operating margin expanded YoY· Pricing power or cost discipline
✗

Analyst consensus

39 analysts · STRONG_BUY

Target mean

₹1198.72

Target high

₹1300.00

Target low

₹1000.00

Upside vs today

+8.2%

Street consensus target is +8.2% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Banks - Regional

Employees

2,36,226

Shares out

923.1

Revenue (TTM)

₹3,70,053 Cr

Total debt

₹6,85,388 Cr

Cash

₹3,13,393 Cr

Net debt

₹3,71,995 Cr

Quarterly results

Last 6 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q3	2025-Q4
Revenue	90,184	90,457	88,459	88,725	—	1,06,866
Interest	73,619	77,397	78,227	78,266	—	78,783
PBT	27,474	25,566	26,897	29,229	—	30,067

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	2,36,091	2,70,337	3,23,614	3,49,523
Interest	1,56,194	1,89,981	2,59,736	3,00,943
Depreciation	3,691	3,696	3,849	3,991
PBT	49,739	75,399	91,240	1,06,365

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
SBINTHIS State Bank of India	₹1,080.25	+32.3%	10,22,614	12.1	1.73	14.3%	—	+14.5%
HDFCBANK HDFC Bank Limited	₹799.9	-58.5%	12,24,457	17.8	2.17	13.8%	—	-1.8%
ICICIBANK ICICI Bank Limited	₹1,346.8	-4.5%	9,71,609	18.5	2.78	16.4%	—	+66.9%
BAJFINANCE Bajaj Finance Limited	₹908.25	-90.2%	5,70,505	31.7	5.52	17.4%	3.10	+6.4%
AXISBANK Axis Bank Limited	₹1,359.1	+11.1%	4,21,100	16.1	2.03	13.6%	—	+5.7%
KOTAKBANK Kotak Mahindra Bank Limited	₹383.6	-82.9%	3,77,170	20.1	2.24	11.2%	—	+24.2%
BAJAJFINSV Bajaj Finserv Limited	₹1,838.9	-12.6%	2,92,438	30.5	3.81	12.5%	2.38	+24.8%
SHRIRAMFIN Shriram Finance Limited	₹1,036.95	+47.5%	2,45,891	21.5	3.24	15.1%	2.79	+21.4%
SBILIFE SBI Life Insurance Company Limited	₹1,970.9	+21.0%	1,98,863	80.5	10.46	13.9%	—	+144.5%

AMC	Scheme	Value ₹Cr	% of scheme	Shares
ICICI Prudential MF	ICICI Prudential Bluechip Fund	883.5	2.41%	94.00 L
HDFC Mutual Fund	HDFC Top 100 Fund	845.2	2.75%	89.90 L
Nippon India MF	Nippon India Large Cap Fund	632.7	2.90%	67.30 L
Aditya Birla Sun Life MF	ABSL Frontline Equity Fund	632.1	2.38%	67.20 L
Kotak Mahindra MF	Kotak Bluechip Fund	532.1	2.69%	56.60 L

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	18.92	22.78	+20.4%
-2q	19.29	22.00	+14.1%
-3q	18.97	21.47	+13.2%
-4q	20.01	20.89	+4.4%

Date	Amount
2025-05-16	₹15.90
2024-05-22	₹13.70
2023-05-31	₹11.30
2022-05-25	₹7.10
2021-06-03	₹4.00
2017-05-26	₹2.60
2016-06-03	₹2.60

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	892	892	892	892
Reserves	20,394	41,923	72,019	1,08,447
Borrowings	4,57,690	5,22,093	5,56,503	6,18,125
Total liabilities	53,60,884	59,54,418	67,33,779	73,14,185
Fixed assets	39,510	44,407	44,708	46,338
CWIP	281	384	571	574
Investments	17,61,728	18,96,919	20,96,640	22,05,531
Total assets	53,60,884	59,54,418	67,33,779	73,14,185

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	57,695	-86,014	21,632	48,486
CF Investing	-3,619	-4,041	-4,252	-5,635
CF Financing	-3,845	6,386	-9,896	-13,739
Net cash flow	51,198	-80,593	8,260	31,361
Free cash flow	54,390	-90,057	17,457	42,849

Metric	2025-FY	2024-FY	2023-FY	2022-FY
Net margin %	22.2%	20.7%	20.6%	15.0%
ROE %	85.1%	115.9%	173.6%	166.2%
ROCE %	60.0%	58.8%	50.8%	43.0%
Debt / Equity	5.65	7.63	12.19	21.50
Dividend payout %	16%	15%	11%	10%
Interest coverage	1.4×	1.4×	1.4×	1.3×
Revenue growth YoY	+8.0%	+19.7%	+14.5%	—
Profit growth YoY	+15.6%	+20.6%	+57.3%	—

SBINState Bank of India

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Financial Services

Mutual fund holdings

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Recent news

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Recent news

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Stock scorecard

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Mutual fund holdings

Ratios

Peer comparison · Financial Services