Analyst Rating
based on 41 analysts
73.17%
Buy
14.63%
Hold
12.20%
Sell
Based on 41 analysts offering long term price targets for State Bank of India. An average target of ₹931.8
Source: S&P Global Market Intelligence
State Bank of India Share analysis
State Bank of India price forecast by 41 analysts
Upside of19.02%
High
₹1075
Target
₹931.80
Low
₹690
State Bank of India target price ₹931.8, a slight upside of 19.02% compared to current price of ₹792.75. According to 41 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
State Bank of India revenue growth forecast
Expected growth rate Q1, FY2026:0
Forecast
Actual
Including amortisation and stock based compensations
State Bank of India EPS growth forecast
EPS estimate Q1, FY2026:9.17%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹782₹794.7552 Week's Low
52 Week's High
₹543.2₹912
| Returns % | |
| 1 Month Return | -3.79 % |
| 3 Month Return | -7.34 % |
| 1 Year Return | + 29.63 % |
| Market Stats | |
| Previous Close | ₹782.90 |
| Open | ₹783.80 |
| Volume | 1.83Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹6,98,707.87Cr |
Key Statistics
| P/E Ratio | 10.29 |
| PEG Ratio | 9.03 |
| Market Cap | ₹6,98,707.87 Cr |
| P/B Ratio | 1.92 |
| EPS | 76.35 |
| Dividend Yield | 1.82 |
| Sector | Banks |
| ROE | 18.81 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹6,98,707.87 Cr | 35.84% | NA | ₹67,084 Cr | ₹5,94,574 Cr | |
| BUY | ₹1,23,854.12 Cr | 29.92% | NA | ₹18,767 Cr | ₹1,41,778 Cr | |
| BUY | ₹95,731.65 Cr | 33.86% | NA | ₹15,278 Cr | ₹1,39,164 Cr | |
| HOLD | ₹51,117.35 Cr | 14.57% | NA | ₹6,564 Cr | ₹67,488 Cr | |
| BUY | ₹94,755.95 Cr | 23.71% | NA | ₹13,797 Cr | ₹1,18,188 Cr |
Company Information
SBI’s diverse portfolio includes products like savings accounts, loans, credit cards, and investment services. The bank also has several sub-brands, such as SBI Life Insurance, SBI Mutual Fund, and SBI Cards, catering to different financial needs. As of 2024, SBI has a strong presence in India with over 22,000 branches and more than 62,000 ATMs. The bank also operates in over 30 countries, including the United States, Canada, the United Kingdom, and Singapore. A notable fact about SBI is that it is the largest bank in India by assets and customer base, serving over 44 crore (440 million) customers. Another interesting fact is that SBI has merged with several associate banks over the years, including the State Bank of Travancore and State Bank of Hyderabad, to consolidate its position in the market.
Share Price: ₹792.75 per share as on 18 Sep, 2024 04:01 PM
Market Capitalisation: ₹6,98,707.87Cr as of today
Revenue: ₹1,52,125.05Cr as on June 2024 (Q2 24)
Net Profit: ₹19,324.96Cr as on June 2024 (Q2 24)
Listing date: 03 Nov, 1994
Chairperson Name: DINESH KUMAR KHARA
| Organisation | State Bank of India |
| Headquarters | |
| Industry | Banks |
| E-voting on shares | Click here to vote |
Key events for State Bank of India
SBI Chairman Advocates for Corporate Lending Support - 19 Sep, 2024
State Bank of India chairman CS Setty emphasized the need for mutual funds, insurers, and pension funds to support corporate lending growth amid declining CASA ratios. He noted that banks are struggling to mobilize deposits, which could further impact their low-cost funding sources.
SBI Successfully Raises Rs 7,500 Crore in Bonds - 18 Sep, 2024
State Bank of India raised Rs 7,500 crore through its second Basel III compliant tier-2 bond issuance at a 7.33% coupon rate, demonstrating strong investor confidence. The bank's CASA ratio has moderated, but Setty assures it will be protected. SBI's stock has risen 1.3% following the bond issuance announcement.
SBI Focuses on Growth and Recruitment Initiatives - 16 Sep, 2024
SBI's chairman highlights the bank's commitment to consistent performance and technology-led growth. Additionally, SBI is recruiting for 1497 Specialist Cadre Officer positions, enhancing its workforce.
SBI Reports Strong Deposit Growth Amid Rising Rates - 15 Sep, 2024
State Bank of India announced an 11.13% increase in total deposits to Rs 49.16 lakh crore, with term deposits growing significantly due to rising interest rates.
SBI Announces Revised MCLR Rates for September 2024 - 14 Sep, 2024
The State Bank of India has updated its MCLR rates effective from September 15, 2024, with rates ranging from 8.20% to 9.1%. The base rate is set at 10.40%, and the Benchmark Prime Lending Rate is revised to 15.15%.
SBI's Credit Rating Affirmed Amid Major Sanctions - 13 Sep, 2024
SBI's credit rating remains stable with a positive outlook from S&P. The bank sanctions ₹10,050 crore for a power project and plans to raise ₹7,500 crore through Tier-II bonds.
SBI Receives Positive Rating Affirmation from S&P - 12 Sep, 2024
S&P has affirmed State Bank of India's rating at BBB- with a positive outlook, citing strong liquidity and expected asset quality. SBI also plans to sell its Yes Bank stake by FY25, valued at $2.2 billion.
SBI Secures Ratings and Plans New Bond Issuance - 11 Sep, 2024
State Bank of India is set to launch a second tranche of Tier-II bonds worth Rs 7,500 crore. Jefferies analysts favor SBI, while CRISIL assigns AAA rating to its bonds. The Madras High Court commends SBI's new management system, and SBI supports DVC's thermal project with a significant loan.
Goldman Sachs Downgrades State Bank of India Shares - 10 Sep, 2024
Goldman Sachs has downgraded State Bank of India to 'sell' from 'neutral', highlighting concerns over asset quality and increasing delinquencies in its unsecured loan portfolio.
Goldman Sachs Downgrades SBI Amid Price Decline - 09 Sep, 2024
Goldman Sachs downgraded State Bank of India to 'sell' with a target price cut to Rs 742. Following this, SBI shares fell to Rs 780.
SBI Shares Decline After Goldman Sachs Downgrade - 07 Sep, 2024
State Bank of India shares dropped 4.3% following a downgrade by Goldman Sachs, which cut the price target to ₹742, citing profitability pressures and lower loan growth.
Goldman Sachs Downgrades SBI Amid Growth Concerns - 06 Sep, 2024
Goldman Sachs has downgraded State Bank of India to 'Sell', reducing its target price to Rs 742 due to unfavorable risk-reward dynamics, slowing loan growth, and rising credit costs. The bank's profitability is expected to decline, with analysts cutting earnings estimates for FY25-27 by 3-9%. SBI shares fell significantly following the downgrade.
SBI Faces Challenges but Innovates and Expands - 05 Sep, 2024
SBI navigates challenges with cybersecurity talent and focuses on deposit growth through various segments. The bank also retracts restrictions from Karnataka and introduces a new FASTag design to improve efficiency.
SBI Repays Embezzled Funds to Karnataka Government - 04 Sep, 2024
In a significant development, State Bank of India, along with Punjab National Bank, repaid ₹22.67 crore of embezzled funds to the Karnataka government, including interest. This repayment is subject to ongoing court cases.
SBI Leadership Changes and Lending Strategies Discussed - 03 Sep, 2024
Rama Mohan Rao Amara is recommended as SBI's new MD. Chairman C S Setty emphasizes the need for skill development in lending to emerging sectors and announces a shift to cash flow-based lending for MSMEs. Dinesh Kumar Khara participates in a finance summit discussion on credit gaps.
SBI Appoints New Managing Director Amid Strategic Changes - 02 Sep, 2024
State Bank of India is undergoing significant changes, including the recommendation of a new Managing Director and a shift to cash-flow-based lending for MSMEs. SBI's chairman emphasizes collaboration with new-age players and the need for a robust corporate bond market.
SBI Launches New FASTag and MTS Card - 01 Sep, 2024
SBI has introduced a new FASTag design for Vehicle Class-4 to combat toll evasion and launched India's first MTS RuPay NCMC prepaid card for seamless payments across transit systems. Additionally, the OneView mobile app was unveiled for managing NCMC prepaid cards.
SBI Focuses on Growth Amid Competitive Landscape - 31 Aug, 2024
SBI's Chairman C.S. Setty emphasizes credit growth targets without engaging in deposit rate wars. The bank also reports strong corporate credit growth and highlights the rise of digital lending through YONO. Additionally, India's GDP growth for Q1 FY25 is reported at 6.7%, exceeding the decadal average.
SBI Focuses on Digital Growth Amid Deposit Competition - 30 Aug, 2024
SBI's new chairman C.S. Setty emphasizes avoiding rate wars for deposits while targeting significant credit growth. The bank also launches innovative payment platforms and YONO 2.0 to enhance digital services.
SBI's Strategic Moves: Profits, Bonds, and Digital Banking - 29 Aug, 2024
SBI's new chairman Setty focuses on enhancing bank value and service. The bank reported significant profits, raised funds through bonds, and is revamping its digital platform YONO 2.0 to improve customer experience.
Insights on State Bank of India
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTRetail Holding Up
Retail Investor have increased holdings from 7.30% to 7.59% in Jun 2024 quarter
- POSITIVE IMPACT
Best in 3 Years
In the last 3 years, SBIN has outperformed top 5 stocks with highest market-cap in Banks
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 10.97% to 11.04% in Jun 2024 quarter
- POSITIVE IMPACT
Best in 1 Year
In the last 1 year, SBIN has outperformed top 5 stocks with highest market-cap in Banks
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 56.92% of holdings in Jun 2024 quarter
NEGATIVE IMPACTPrice Dip
In the last 3 months, SBIN stock has moved down by -7.3%
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 21.38K Cr → 19.32K Cr (in ₹), with an average decrease of 9.6% per quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 11.48% to 11.00% in Jun 2024 quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 1.64L Cr → 1.52L Cr (in ₹), with an average decrease of 7.8% per quarter
State Bank of India Infographics
State Bank of India Q1 FY2024-2025 Results: Key Insights
SBI reports improvement in asset quality in Q1FY25, Net NPA down 14 BPS to 0.57%
State Bank of India Blogs
News
Berger Paints Plc (BERGER.ng) HY2024 Interim Report
Berger Paints Plc (BERGER.ng) listed on the Nigerian Stock Exchange under the Building & Associated sector has released its 2024 interim results for the half year.29 Jul, 2024 06:36 PMBerger Paints’ profit declines by 72% in 2024 half-year as inflation, high interest rates hit
Berger Paints Nigeria posted a pre-tax profit of N122 million in the first half of 2024, representing a 72% year-on-year29 Jul, 2024 06:37 PMNot found. Sign Up to RSS.app to use this feed.
Not found. Sign Up to RSS.app to use this feed. - create a new RSS feed at RSS.app. - (tl8kPjcPlxxlxVsk)25 Aug, 2024 09:36 PMCompany Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 56.92% | 0.00 | |
| Foreign Institutions | 11.04% | 0.56 | |
| Mutual Funds | 11% | ||
| Retail Investors | 7.59% | 3.96 | |
| Others | 13.46% | 0.98 |
Key Indicators
State Bank of India Valuation
State Bank of India in the last 5 years
Lowest (-1736.32x)
January 24, 2018
Today (10.29x)
September 17, 2024
Industry (15.76x)
September 17, 2024
Highest (140.37x)
June 27, 2019
Earnings and Dividends
State Bank of India Earnings Results
State Bank of India’s net profit jumped 4.25% since last year same period to ₹19,324.96Cr in the Q1 2024-2025. On a quarterly growth basis, State Bank of India has generated -9.63% fall in its net profits since last 3-months.
Read More about Earnings ResultsState Bank of India Dividends May,2024
In the quarter ending March 2024, State Bank of India has declared dividend of ₹13.70 - translating a dividend yield of 3.19%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
State Bank of India is currently in a Bearish trading position according to technical analysis indicators.
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State Bank of India (SBIN) share price today is ₹792.75
State Bank of India is listed on NSE
State Bank of India is listed on BSE
- Today’s highest price of State Bank of India is ₹794.75.
- Today’s lowest price of State Bank of India is ₹782.
PE Ratio of State Bank of India is 10.29
PE ratio = State Bank of India Market price per share / State Bank of India Earnings per share
Today’s traded volume of State Bank of India(SBIN) is 1.83Cr.
Today’s market capitalisation of State Bank of India(SBIN) is ₹698707.87Cr.
| State Bank of India(SBIN | Price |
|---|---|
52 Week High | ₹912 |
52 Week Low | ₹543.2 |
State Bank of India(SBIN) share price is ₹792.75. It is down -13.08% from its 52 Week High price of ₹912
State Bank of India(SBIN) share price is ₹792.75. It is up 45.94% from its 52 Week Low price of ₹543.2
| State Bank of India(SBIN | Returns |
|---|---|
1 Day Returns | 9.85% |
1 Month Returns | -3.79% |
3 Month Returns | -7.34% |
1 Year Returns | 29.63% |