State Bank of India’s fundamental analysis highlights key financial metrics including market capitalization of ₹7,30,033 crore, PE ratio of 10.0, debt-to-equity ratio of 13.5, and return on equity of 17.3%. These figures reflect the company’s financial health and current market valuation.
Content:
- State Bank of India Overview
- State Bank of India Financial Results
- State Bank of India Financial Analysis
- State Bank of India Company Metrics
- State Bank of India Stock Performance
- State Bank of India Peer Comparison
- State Bank of India Shareholding Pattern
- State Bank of India History
- How To Invest In State Bank of India Share?
- State Bank of India Fundamental Analysis – FAQs
State Bank of India Overview
State Bank of India is the largest public sector bank in India, offering a wide range of financial services including retail, corporate, and investment banking. It is known for its extensive network and strong market presence across the country.
The company has a market capitalization of ₹7,30,033 crore and is listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Currently, the stock is trading 10.3% below its 52-week high and 50.6% above its 52-week low.
State Bank of India Financial Results
State Bank of India financial results for FY24 show notable growth from FY22. Total income increased to ₹5,94,575 crore from ₹4,06,973 crore, and net profit rose to ₹69,543 crore from ₹37,183 crore.
- Revenue Trend: State Bank of India’s total income grew from ₹4,06,973 crore in FY22 to ₹5,94,575 crore in FY24. FY23 income was ₹4,73,378 crore, reflecting steady growth.
- Equity and Liabilities: Specific equity and liabilities data are not provided, but the significant increase in net profit from ₹37,183 crore in FY22 to ₹69,543 crore in FY24 suggests enhanced financial stability.
- Profitability: Pre-Provisioning Operating Profit rose from ₹76,415 crore in FY22 to ₹98,945 crore in FY24. PPOP Margin decreased slightly from 18.78% in FY22 to 16.64% in FY24.
- Earnings Per Share (EPS): EPS increased from ₹39.64 in FY22 to ₹75.17 in FY24. FY23 EPS was ₹62.35, showing substantial growth over the three-year period.
- Return on Net Worth (RoNW): RoNW specifics are not given, but the rising net profit from ₹37,183 crore in FY22 to ₹69,543 crore in FY24 indicates improved returns on equity.
- Financial Position: State Bank of India’s financial position strengthened, with total income and net profit increasing from ₹4,06,973 crore and ₹37,183 crore in FY22 to ₹5,94,575 crore and ₹69,543 crore in FY24.
State Bank of India Financial Analysis
| FY 24 | FY 23 | FY 22 | |
| Total Income | 5,94,575 | 4,73,378 | 4,06,973 |
| Total Expenses | 4,95,630 | 3,79,795 | 3,30,558 |
| Pre-Provisioning Operating Profit | 98,945 | 93,583 | 76,415 |
| PPOP Margin (%) | 16.64 | 19.77 | 18.78 |
| Provisions and Contingencies | 7,715 | 18,185 | 40,059 |
| Profit Before Tax | 91,230 | 75,398 | 36,356 |
| Tax % | 25.31 | 24.99 | — |
| Net Profit | 69,543 | 54,457 | 37,183 |
| EPS | 75.17 | 62.35 | 39.64 |
| Net Interest Income | 1,79,452 | 1,60,864 | 1,33,778 |
| NIM (%) | 3.24 | 3.3 | 3.09 |
| Dividend Payout % | 18.23 | 18.12 | 17.91 |
*All values in ₹ Crores
State Bank of India Company Metrics
State Bank of India’s market capitalization stands at ₹7,30,033 crore, with a current stock price of ₹818. The bank’s solid financials include a P/E ratio of 10.0, a book value of ₹465, and a dividend yield of 1.68%, showcasing its stability and profitability.
- Market Cap: State Bank of India has a market capitalization of ₹7,30,033 crore, reflecting its large size and significant market presence.
- Book Value: The book value of the State Bank of India is ₹465 per share, indicating the intrinsic worth of its equity.
- Face Value: The face value of State Bank of India shares is ₹1.00, representing the nominal value assigned to each share.
- Turnover: The asset turnover ratio stands at 0.07, illustrating the bank’s efficiency in generating revenue from its assets.
- PE Ratio: The stock P/E ratio is 10.0, suggesting a reasonable valuation relative to its earnings performance.
- Debt: State Bank of India’s total debt is ₹56,06,147 crore, which is high relative to its equity, impacting its debt-to-equity ratio.
- ROE: The return on equity (ROE) is 17.3%, demonstrating the effective use of shareholders’ equity to generate profit.
- EBITDA Margin: The EBITDA margin is 47.0%, indicating strong operational efficiency and profitability in its core business.
- Dividend Yield: The dividend yield is 1.68%, providing investors with a modest return on their investment through dividends.
State Bank of India Stock Performance
The table shows investment returns over different periods, with a 5-year return of 23%, a 3-year return of 24%, and a 1-year return of 45%. These figures indicate varying performance, with the highest return achieved in the shortest time frame.
| Period | Return on Investment (%) |
| 5 Years | 23% |
| 3 Years | 24% |
| 1 Year | 45% |
Example:
If an investor invested ₹1,00,000 one year ago, the return on investment would be 45%, resulting in a value of ₹1,45,000.
For 5 years, an initial investment of ₹1,00,000 would grow to ₹1,23,000.
Over 3 years, the investment would reach ₹1,24,000.
State Bank of India Peer Comparison
The table provides a snapshot of major banks, with the State Bank of India leading in market capitalization at ₹7,16,871 crore. Competitors show varying performance, with Indian Overseas Bank and Punjab National Bank exhibiting strong 1-year returns, while others lag in recent 3-month returns.
| Sl No. | Name | CMP Rs. | Mar Cap Rs.Cr. | PEG | 3mth return % | 1Yr return % |
| 1 | St Bk of India | 803 | 716871.04 | 0.1 | -1.1 | 43.19 |
| 2 | Punjab Natl.Bank | 113.57 | 125106.83 | 0.44 | -9.25 | 82.15 |
| 3 | Bank of Baroda | 239.45 | 123828.27 | 0.08 | -8.92 | 26.86 |
| 4 | I O B | 59.71 | 112959.88 | 1.85 | -3.07 | 96.74 |
| 5 | Canara Bank | 105.65 | 95777.57 | 0.07 | -7.08 | 60.29 |
| 6 | Union Bank (I) | 116.7 | 89061.79 | 0.14 | -17.06 | 26.57 |
| 7 | Indian Bank | 550.35 | 74130.16 | 0.09 | 1.94 | 40.7 |
State Bank of India Shareholding Pattern
The shareholding Pattern of the State Bank of India shows a stable distribution across major shareholder categories. As of June 2024, promoters hold 57.54%, FIIs have 11.15%, DIIs possess 23.61%, and retail & others account for 7.7%. The figures have remained relatively consistent over recent quarters.
| Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
| Promoters | 57.54 | 57.54 | 57.49 | 57.49 |
| FII | 11.15 | 11.09 | 10.91 | 10.72 |
| DII | 23.61 | 23.96 | 24.15 | 24.36 |
| Retail & others | 7.7 | 7.4 | 7.43 | 7.44 |
*All values in %
State Bank of India History
The State Bank of India (SBI) traces its origins to the Bank of Calcutta, established on June 2, 1806. It evolved into the Bank of Bengal in 1809 and later merged with the Bank of Bombay and Bank of Madras in 1921 to form the Imperial Bank of India.
In 1955, the Imperial Bank was reconstituted as the State Bank of India through parliamentary legislation. SBI acquired eight state-associated banks as subsidiaries in 1959, significantly expanding its reach and capabilities across India. This consolidation cemented its position as India’s leading bank.
Today, SBI stands as India’s largest public sector bank, serving over 44 crore customers with a vast network of branches and ATMs. Its extensive history and ongoing growth reflect its critical role in India’s banking and financial sectors.
How To Invest In State Bank of India Share?
Investing in The State Bank of India (SBI) shares is a straightforward process:
- Open a Demat Account: Start by opening a Demat and trading account with a reliable brokerage firm like Alice Blue.
- Complete KYC: Submit necessary documents for KYC verification.
- Fund Your Account: Deposit funds into your trading account.
- Buy Shares: Search for The State Bank of India (SBI) shares and place your buy order.
State Bank of India Fundamental Analysis – FAQs
State Bank of India’s fundamental analysis highlights its strong financial health, marked by solid revenue growth, improved profitability and a strong capital base. Notable metrics include significant market capitalization, effective asset management and steady returns, underscoring its leading role in banking.
The market capitalization of The State Bank of India (SBI) is ₹7,30,033 crore. This figure represents the total value of the company’s outstanding shares in the stock market, calculated by multiplying the current share price by the total number of shares outstanding.
State Bank of India (SBI) is India’s largest public sector bank, offering a wide range of financial services including retail and corporate banking. Established in 1955, SBI operates globally with a significant presence in various sectors of the banking industry.
The main shareholders of the State Bank of India include the Government of India, which holds the largest stake, followed by institutional investors such as foreign institutional investors (FIIs) and domestic institutional investors (DIIs). Retail investors also hold a portion of shares.
State Bank of India operates in the banking and financial services industry. It provides a range of services including retail and corporate banking, loans, investments, insurance and wealth management, making it a key player in the financial sector.
To invest in State Bank of India shares, open a demat and trading account with a registered brokerage. Once your account is active, you can buy SBI shares through stock exchanges like NSE or BSE using your brokerage platform.
Determining if the State Bank of India is overvalued or undervalued requires a comprehensive analysis of its financials, growth prospects, industry trends, and market conditions. Investors should consider metrics like the P/E ratio and PEG ratio, and compare them with industry peers and historical values for a balanced assessment.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
