SBI Cards and Payment Services

SBICARD · NSE

— · —

₹660.15

Closing price — 31 Jul 2026

Market cap ₹62,618 Cr · EPS ₹13.21

Valuation

Blended fair value using DCF and peer comparison methods.

Intrinsic Value

₹1,771

+168.3% vs ₹660

Undervalued

UndervaluedFair valueOvervalued

DCF

—

Peer methods

₹1,771

Intrinsic value

₹1,771

DCF discounts future cash flows to present value. Peer methods compare against sector multiples. Averaging both reduces the limitations of each method alone.

DCF not applicable for financial companies. Intrinsic value based on peer P/B comparison.

The intrinsic value shown is an algorithmic estimate based on publicly available financial data — including DCF analysis, peer comparison, and historical financials. It is not a research report, investment advice, or a recommendation to buy, sell, or hold any security. Stock valuations involve uncertainty and may differ significantly from market prices. Please consult a SEBI-registered investment adviser before making any investment decision.

Peer comparison

How this company stacks up against sector peers on valuation and quality metrics.

Fintech & payments · 3 peers · sector medians shown

Better than medianWorse than median

Company	Mkt Cap	P/E	P/B	EV/EBITDA	ROE	Net Margin	Rev CAGR 3y
SBI Cards and Payment Services SBICARD · you	₹62,618 Cr	28.8×	4.0×	21.1×	13.8%	10.9%	13.3%
Sector median	—	125.4×	4.3×	47.0×	3.5%	6.6%	19.3%
Billionbrains Garage Ventures GROWW	₹1.2 L Cr	55.8×	12.1×	44.6×	21.6%	44.8%	59.4%
One 97 Communications PAYTM	₹68,605 Cr	125.4×	4.3×	217.1×	3.5%	6.6%	1.8%
Pine Labs PINELABS	₹17,569 Cr	149.4×	3.0×	49.5×	1.9%	4.2%	19.3%

Peer comparison verdict

SBI looks attractively valued — trading at a discount to sector peers on P/E (28.8× vs sector median 125.4×) while delivering above-average returns on equity (13.8% vs 3.5%).

Business quality

Valuation

P/E ratio

28.8×

P/B ratio

—

EV/EBITDA

—

Price/Sales

—

Returns

ROE

13.8%

ROCE

—

ROA

—

Growth

Revenue CAGR (3yr)

13.3%

EPS CAGR (3yr)

-1.4%

Efficiency

Asset turnover

—

FCF yield

0.7%

Dividend yield

0.4%

Liquidity & Solvency

Debt / Equity

2.80×

Debt / EBITDA

—

Interest coverage

1.7×

Current ratio

—

Quick ratio

—

Financial health

Piotroski F-Score, Altman Z-Score, and key solvency ratios.

Is the business financially healthy?

Two structured frameworks that go beyond a single number to assess financial strength.

Altman Z-Score

Predicts likelihood of financial distress. Above 2.99 = safe zone; 1.81–2.99 = grey zone; below 1.81 = distress.

1.22

Distress zone

0 (distress)2.99 (safe)5+

Piotroski F-Score

4 / 9 — Moderate

Nine binary checks across profitability, leverage/liquidity, and operating efficiency. 7+ = financially strong; 4–6 = average; 0–3 = weak signals.

Profitability (1–4)

Leverage (5–7)

Efficiency (8–9)

Positive net income

Positive operating cash flow

Improving return on assets

Cash flow exceeds net income

Debt ratio reduced

Improving current ratio

No equity dilution

Improving gross margin

Improving asset turnover

Calculated from annual report data sourced via BSE/NSE filings. For precise figures refer to BSE/NSE filings.

Full financial data

Charts and annual statements for income, balance sheet and cash flow.

Income trend

Revenue, profit and margin trends over time.

Revenue

Net profit

Operating margin

Net margin

Revenue

₹19,900 Cr

Net profit

₹2,167 Cr

Operating margin

—

Net margin

10.9%

Revenue and net profit in ₹ Crores (left axis). Margins % on right axis.

Cash flow

Where cash comes from and where it goes.

Operating CFInvesting CFFinancing CFFree cash flow

Operating CF — Cash earned from running the business. The core engine of financial health.

Investing CF — Cash spent on assets and equipment. Negative is normal — it means the company is investing in growth.

Financing CF — Cash from borrowing or repaying loans and dividends. Negative means debt is being repaid.

Free cash flow — Operating CF minus capex. Cash left after keeping the business running. Positive and growing is ideal.

Operating CF

₹493.03 Cr

Investing CF

₹0 Cr

Financing CF

₹0 Cr

Free cash flow

₹459.39 Cr

Balance sheet

Assets show what the company owns. Liabilities show what it owes. Equity is what's left for shareholders.

Balance sheet data is loading… if this persists, financial data may be temporarily unavailable.

Numbers are illustrative — order-of-magnitude correct. For precise figures, refer to the company's annual report on BSE/NSE.

Shareholding pattern

Who owns this company and how that has changed.

What shareholding tells you: When promoters (founders/controlling shareholders) increase their stake, it usually signals confidence in the business. Rising FII (foreign funds) interest means international money is moving in. High promoter pledge is a risk — pledged shares can be force-sold if the stock price falls sharply.

Latest quarter

Promoter

68.9%

+0.3 pp QoQ

FII

9.5%

-0.6 pp QoQ

DII

18.1%

+0.3 pp QoQ

Retail

3.4%

Trend over time (%)

Quarterly data

Category	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Change (YoY)
Promoter	69.0%	68.9%	68.8%	68.6%	68.6%	68.6%	68.6%	68.6%	68.6%	68.6%	68.6%	68.9%	+0.3 ppYoY
FII (Foreign)	9.5%	9.1%	9.3%	8.6%	8.7%	9.2%	9.5%	9.9%	10.2%	10.1%	10.1%	9.5%	-0.3 ppYoY
DII (Domestic)	17.2%	17.3%	16.3%	16.7%	16.5%	16.8%	16.5%	17.2%	17.5%	17.8%	17.8%	18.1%	+0.9 ppYoY
Retail	4.4%	4.7%	5.6%	6.1%	6.1%	5.5%	5.4%	4.3%	3.7%	3.6%	3.4%	3.4%	-0.9 ppYoY

Signals from the trend

➡️

PromoterStable — no notable buying or selling

➡️

FIIStable

📈

DIINet buyers (+0.9pp) — domestic funds are accumulating

Overall positive — DII buying suggest growing conviction in the business.

pp = percentage points. FII = Foreign Institutional Investors. DII = Domestic Institutional Investors (MFs, insurance). Data sourced from NSE/BSE filings. Verify on BSE/NSE before any investment decision.