SBICARD · NSE · Non Banking Financial Company (NBFC)
SBI Cards & Payment Services Ltd
What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Mid Cap · AMFI list Jan-Jun 2026 · Vendor sector: Financial Services
fair
low confidence
No valuation within 120 days; P/E 23.5 vs peers 20.4 (11th of 14); P/B 3.8 vs peers 2.4 (14th of 14).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model
What is SBI Cards & Payment Services's share price today?
SBI Cards & Payment Services last traded at ₹558.70 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.6% on the day, down 39.0% over a year. Its 52-week range is ₹548 to ₹965. The live price is in the app.
₹558.70
−0.6% today
−39.0% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range3% of the way up
Low ₹548High ₹965
What is SBI Cards & Payment Services's market cap?
SBI Cards & Payment Services's market capitalisation is about ₹53,482 crore: what it would cost to buy every share at today's price. That makes it the 88th largest mid cap company we cover.
₹53,482 Cr
Mid Cap88th largest mid cap company
Share price₹558.70
×
Shares in issue96 crore
=
Market cap₹53,482 Cr
Mid Cap means the companies ranked 101 to 250 by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →
Key facts
From the exchange
- Symbol
- NSE: SBICARD
- ISIN
- INE018E01016
- Cap bucket
- Mid Cap, 88th largest by market cap
- Industry (NSE)
- Financial Services › Finance › Non Banking Financial Company (NBFC)
- Listed since
- 2020
- Futures and options
- Traded
Is SBI Cards & Payment Services overvalued?
Fair, with low confidence: no valuation within 120 days; P/E 23.5 vs peers 20.4 (11th of 14); P/B 3.8 vs peers 2.4 (14th of 14).
Valuation
Latest price and trailing 12 months
P/E
23.51
vs peers 20.4 · 11th of 14
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B
3.84
vs peers 2.4 · 14th of 14
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap
₹53,482 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield
Not available
Last year's dividends as a share of today's price. Learn more →
PEG (vendor)
5.65
vs peers 2.6 · 11th of 13
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth
Not available
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
Is SBI Cards & Payment Services a quality business?
Quality score 43.1, 8th of 14 in its peer set; WATCH on 15 of 22 lender flags judged.
Quality and risk
Data as of 12 Oct 2026
Business quality
Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score
43.1
vs peers 43.8 · 8th of 14
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level
WATCH
15 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →
Lender scorecard
Statements through FY2026 (Mar-26)
Basis: standalone accounts, FY2026 (Mar-26) against FY2025; NSE/BSE XBRL, the Q4 results filing; NIM is revenue from operations less finance costs over average advances and investments; cost to income is operating expenses over net interest income plus other income; credit cost is FY2026 provisions over average advances (the loan book from the Q4 filing); ROA over average total assets; ROE over average equity
Net interest margin
27.7%
vs peers 7.6% · 1st of 14
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA
Not available
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA
Not available
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage
Not available
How much of the gross bad loans has already been provided for. Learn more →
Credit cost
9.1%
vs peers 1.8% · 13th of 13
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income
55.3%
vs peers 53.1% · 8th of 14
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets
3.3%
vs peers 2.3% · 5th of 14
Profit as a share of average total assets. Learn more →
CET1 ratio
Not available
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY
1.9%
vs peers 28.1% · 10th of 10
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY
Not available
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio
Not available
Current and savings account balances as a share of all deposits. Learn more →
Inside the app
Get a sneak peek of Valarth
Has SBI Cards & Payment Services made money for shareholders?
Not over these periods: −39.0% over one year and −10.9% a year over five years.
Shareholder returns
5-year return
−10.9% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer
Yes
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →
Returns
3Y and 5Y are yearly averages
1W
−0.7%1M
−9.2%3M
−9.2%6M
−16.2%1Y
−39.0%3Y
−8.2%5Y
−10.9%Does SBI Cards & Payment Services pay a dividend?
SBI Cards & Payment Services last paid ₹2.50 a share, ex-dividend 11 Mar 2026; nothing in the past 12 months counts toward a yield.
Dividends
Per share, by ex-dividend date
11 Mar 2026 · Interim₹2.50
25 Feb 2025 · Interim₹2.50
28 Mar 2024 · Interim₹2.50
29 Mar 2023 · Interim₹2.50
30 Mar 2022 · Interim₹2.50
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.
Is SBI Cards & Payment Services growing?
Loan growth 1.9%; revenue 3 years 13.2% a year; eps 3 years -1.6% a year.
Growth
Statements through FY2026 (Mar-26)
Loan growth
1.9%
vs peers 28.1% · 10th of 10
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth
Not available
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years
13.2% a year
vs peers 26.3% · 12th of 14
Compound annual growth of revenue over three years. Learn more →
EPS 3 years
-1.6% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years
13.1% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years
16.8% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
How did SBI Cards & Payment Services do last quarter?
SBI Cards & Payment Services reported income of ₹5,205 Cr, up 10.1% on a year earlier and a net profit of ₹664 Cr, up 13.1% in the Jun 2026 quarter.
Latest quarter
Jun 2026
Income, latest quarter₹5,205 Cr
+10.1% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹664 Cr
+13.1% on a year earlier
What was left for shareholders after every cost and tax.
How does SBI Cards & Payment Services compare with its peers?
Compared with 13 Non Banking Financial Company (NBFC); 11th of 14 on P/E; 8th of 14 on quality score.
Compared with 13 Non Banking Financial Company (NBFC)
13 companies
- SBI Cards & Payment Services Ltd (this page)
- Cholamandalam Investment & Finance Company Ltd
- Tata Capital Ltd
- Muthoot Finance Ltd
- HDB Financial Services Ltd
- Authum Investment & Infrastructure Ltd
- Piramal Finance Ltd
- Sundaram Finance Ltd
- Mahindra & Mahindra Financial Services Ltd
- Poonawalla Fincorp Ltd
- Manappuram Finance Ltd
- IIFL Finance Ltd
- Capri Global Capital Ltd
- Five-Star Business Finance Ltd
SBI Cards & Payment Services against its peers
Largest 10 of 13 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
SBI Cards & Payment Services Ltd₹53,482 Cr23.53.814.7%−39.0%
Poonawalla Fincorp Ltd₹39,389 Cr34.92.95.9%−15.3%
Peer median—20.42.413.9%−3.6%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.
Who owns SBI Cards & Payment Services?
SBI Cards & Payment Services is held by promoters 68.9%, foreign institutions 9.0%, domestic institutions 18.1%.
Shareholding pattern
Latest filing, percent of shares
Promoters68.9%
The founders and controlling group.
Foreign institutions9.0%
Overseas funds investing through the FPI route.
Domestic institutions18.1%
Indian insurers, banks, pension and mutual funds together.
Mutual funds10.8%
Indian mutual fund schemes; part of domestic institutions.
Retail and others3.1%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.
What do analysts say about SBI Cards & Payment Services?
24 analysts cover SBI Cards & Payment Services, and the consensus is hold. A consensus is a count of opinions, not a forecast; read it beside the numbers.
Analyst consensus
24 analysts
ConsensusHold
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.
What does SBI Cards & Payment Services do and what is it sensitive to?
SBI Card and Payment Services Limited issues credit cards and related payment products to individual and corporate customers in India. Sensitive to: interest rates and cardholder repayment burden.
Business-model card
FY2026 · 42 verified
5Revenue
5Channels
2Regulators
4Reg. dependencies
4Sensitivities
4Costs
2Geographies
SBI Card and Payment Services Limited issues credit cards and related payment products to individual and corporate customers in India. It earns mainly interest and fee income on card loans, membership fees, interchange, and incentives and commissions from network and co-brand partners.
Revenue engine
5 verified
Interest income on card loans and membership and interchange fees
The excerpt states the operating revenue is principally service revenue, including interest on loans advanced, membership fees, and interchange-based transaction revenue.
Fees and commission income
Largest line in the FY2025-26 revenue-from-services table (9,166.23 crore against 8,002.89 crore in FY2024-25). Interpretation: it is the biggest reported revenue line, and it comes from card fee and commission activity.
Business development incentive income
Earned under long-term target-based contracts with network partners (756.67 crore in FY2025-26). Revenue is recognised against budgeted targets and adjusted to actual performance.
2 more statements
Sale of services to co-brand partners
Marketing, sales and promotional activity carried out on behalf of co-brand partners and other service providers (73.00 crore in FY2025-26).
Insurance commission income
Earned as corporate insurance agent selling policies to credit card customers (2.60 crore in FY2025-26).
Customers & channels
5 verified
Individual and corporate card customers
The portfolio serves both individual and corporate customers, so the company's card base is split across these two groups.
Co-brand partners
Co-brand tie-ups extend card distribution into partner brand ecosystems; the company expanded this portfolio during the year.
Network partners
Long-term target contracts with network partners drive payments volume and product acceptance, and they feed business development incentive income.
2 more statements
Tier-2 and Tier-3 cities
Interpretation: these markets are a stated growth channel for new card customers. The excerpt says Tier 2 and Tier 3 markets are adopting digital tools and are open to credit-led consumption.
Digital channels: website and mobile app
Customers can access product information and complete end-to-end digital onboarding through the website and mobile application (iOS and Android).
Regulators
2 verified
Reserve Bank of India (RBI)
Governs the company under the RBI Act, 1934 and the Rules and Directions made under it, which the company is required to comply with.
Insurance Regulatory and Development Authority of India (IRDAI)
Governs the company's corporate agent registration for selling insurance policies to card customers.
Regulatory dependencies
4 verified
RBI monitoring and regulatory action on unsecured lending growth
Interpretation: tighter RBI action to moderate unsecured lending would slow card-loan and cards-in-force growth, which drives interest and fee income.
Digital Personal Data Protection Act, 2023 (DPDPA)
Compliance is on a regulatory timeline, so compliance spending and data-handling changes add to operating costs.
Compliance and governance cost burden
The excerpt says compliance, governance and risk management expenses are rising and pressuring margins. Higher rules compliance cost therefore lowers margin.
1 more statement
Board-approved Fair Practices Code
Customer conduct, disclosure and sales practices are governed by this code; the company says it is publicly available. Rules on conduct would change sales and disclosure processes.
Sensitivities
4 verified
Interest rates and cardholder repayment burden
Rising base lending rates or structured increases in payment obligations raise cardholder repayment burden and stress. Falling rates reduce that pressure.
Credit costs on the card portfolio
Gross credit costs as a share of average receivables fell from 9.0% to 8.6%. Higher stress raises credit costs; easing lowers them.
Crude oil prices and the rupee
The excerpt says higher crude prices raise import costs, add imported inflation, and pressure the rupee. Interpretation: this feeds into the macro pressures on cardholder repayment.
1 more statement
Competition for customers
Competitive pricing, lifetime-free cards, rewards and co-brands may raise customer acquisition costs and pressure portfolio growth and retention.
Cost inputs
4 verified
Operating and other expenses
The largest cost line in the FY2025-26 operating expense table (7,750 crore against 6,637 crore in FY2024-25).
Card transaction charges
Interpretation: a card-level cost line in the operating expense note, driven by card transaction volume.
Collection charges
Interpretation: a cost line tied to recovering card dues; it is reported in the operating expense note.
1 more statement
IT and technology expenditure
The excerpt says rapid innovation makes technology obsolete and drives up long-term IT spend and strains ROI on tech investment.
Geographies
2 verified
India: nationwide network
The company operates across India, with a network of 200+ strategic locations and touchpoints and presence in 206 cities.
Tier-2 and beyond cities
Expansion into Tier-2 cities and beyond is a stated focus for new customer access.
Each statement is checked word for word against the FY2026 annual report; the passages are in the app.
What changed recently?
Q1 FY2027 results filed (24 Jul 2026).
Change log
8 entries · newest first
- Results filedQ1 FY2027 results filed.
- Results filedQ4 FY2026 results filed.
- Corporate actionInterim Dividend - Rs 2.50 Per Share.
- Results filedQ3 FY2026 results filed.
- Results filedQ2 FY2026 results filed.
- Results filedQ1 FY2026 results filed.
- Results filedQ4 FY2025 results filed.
- Corporate actionInterim Dividend - Rs 2.50 Per Share.
Get alerts →Sign in to be told when any of these change.
What this page does not tell you
What could not be judged, and why. Never empty.
- Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
- FlagsWATCH on 15 of 22 lender flags judged; 1 red; 7 could not be judged.
- Data gapsDividend yield, PEG on our 3-year EPS growth, Business quality, Gross NPA, Net NPA, Provision coverage and 4 more: not available yet.
Not applicable to a bank, lender or insurer · 12
- Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
- Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
- Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
- Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
- Interest coverageInterest is a lender's main cost, not a charge on operating profit.
- Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
- EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
- FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
- Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
- Asset turnoverA lender earns a spread on its assets, not a turnover of them.
- ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
- ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).
What this page rests on
✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓79 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2026 · 42 verified
Questions people ask
What is SBI Cards & Payment Services's share price today?
SBI Cards & Payment Services last traded at ₹558.70 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.6% on the day, down 39.0% over a year. Its 52-week range is ₹548 to ₹965. The live price is in the app.
What is SBI Cards & Payment Services's market cap?
SBI Cards & Payment Services's market capitalisation is about ₹53,482 crore: what it would cost to buy every share at today's price. That makes it the 88th largest mid cap company we cover.
Is SBI Cards & Payment Services Ltd a large cap, mid cap or small cap?
SBI Cards & Payment Services Ltd (SBICARD) is a mid cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.
What is SBI Cards & Payment Services Ltd's P/E ratio?
23.51, vs peers 20.4 · 11th of 14. Price divided by last year's earnings per share: how many years of today's profit you pay for.
Is SBI Cards & Payment Services Ltd overvalued?
Fair, with low confidence: no valuation within 120 days; P/E 23.5 vs peers 20.4 (11th of 14); P/B 3.8 vs peers 2.4 (14th of 14).
How does SBI Cards & Payment Services Ltd make money?
SBI Card and Payment Services Limited issues credit cards and related payment products to individual and corporate customers in India. It earns mainly interest and fee income on card loans, membership fees, interchange, and incentives and commissions from network and co-brand partners.
Why is there no Altman Z or debt to equity for SBI Cards & Payment Services?
Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.
Who are SBI Cards & Payment Services Ltd's peers?
Compared with 13 Non Banking Financial Company (NBFC): Cholamandalam Investment & Finance Company Ltd, Tata Capital Ltd, Muthoot Finance Ltd, HDB Financial Services Ltd, Authum Investment & Infrastructure Ltd and 8 more. The app shows how they compare on every figure.
Is this investment advice?
No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.
How did SBI Cards & Payment Services do last quarter?
SBI Cards & Payment Services reported income of ₹5,205 Cr, up 10.1% on a year earlier and a net profit of ₹664 Cr, up 13.1% in the Jun 2026 quarter.
Who owns SBI Cards & Payment Services?
SBI Cards & Payment Services is held by promoters 68.9%, foreign institutions 9.0%, domestic institutions 18.1%.
Does SBI Cards & Payment Services pay a dividend?
SBI Cards & Payment Services last paid ₹2.50 a share, ex-dividend 11 Mar 2026; nothing in the past 12 months counts toward a yield.
What do analysts say about SBI Cards & Payment Services?
24 analysts cover SBI Cards & Payment Services, and the consensus is hold. A consensus is a count of opinions, not a forecast; read it beside the numbers.