SBI Cards & payment Services

SBI Cards & Payment Services Limited is a company owned by the State Bank of India and is one of the biggest credit card issuers in India. Started in 1998, it offers a wide range of credit cards and payment solutions to both individuals and businesses. The company focuses on making payments easy and secure, supporting both cashless and digital transactions nationwide. With over 20 million credit cards in use as of March 2025, SBI Card enables individuals and businesses to manage their payments, shop online, and access credit easily. It also provides special offers, rewards, and customer support through its mobile app and website.

Company Insights
The company has a market capitalization of 91,709 crores
The share price of the company is 964
The book value of the company is 145
The company's debt-to-equity ratio is 3.26
The company's annual dividend yield is 0.26%
The company's stock P/E is 47.8
The earnings per share are 20.1
The company's ROCE is 10.4%

Financial Report
The company's sales in the last 5 years
Sales in 2021 is 9,301 crores
Sales in 2022 is 10,679 crores
Sales in 2023 is 13,670 crores
Sales in 2024 is 16,986 crores
Sales in 2025 is 18,072 crores

The company's profit in the last 5 years
Profit in 2021 is 985 crores
Profit in 2022 is 1,616 crores
Profit in 2023 is 2,258 crores
Profit in 2024 is 2,408 crores
Profit in 2025 is 1,916 crores

Sales & Profit Growth
The company's sales growth in the last 5 years
Sales growth in the last 5 years is 14.3%
Sales growth in the last 3 years is 19.2%
Sales growth in the last 1 year is 6.40%

The company's profit growth in the last 5 years
Profit growth in the last 5 years is 9.01%
Profit growth in the last 3 years is 5.83%
Profit growth in the last 1 year is -20.4%

Holdings
Promoters are 68.60%
FIIs are 9.88%
DIIs are 17.22%
Public are 4.30%

Company News

• SBI Cards & Payment Services Limited has announced important changes for its credit cardholders, effective July 15, 2025. The company will revise how the Minimum Amount Due (MAD) on credit card bills is calculated. Under the new rule, cardholders will have to pay 100% of GST, EMI amounts, fees, finance charges, and any overlimit amounts, plus 2% of the remaining outstanding balance. This change means the minimum payment will be higher than before, encouraging quicker repayment of credit card debt, although experts say it will still take several years to fully clear balances if only minimum payments are made.

• Additionally, SBI Cards will discontinue the complimentary air accident insurance coverage on several premium and co-branded credit cards starting July 15 and August 11, 2025. Cards affected include SBI Card Elite, Miles Elite, Miles Prime, Card Prime, Card Pulse, and various SBI co-branded cards with partner banks. Cardholders will no longer receive this insurance benefit after the specified dates.

• These changes aim to bring more transparency to credit card billing and encourage responsible repayment while adjusting benefits offered on premium cards. Cardholders are advised to review their statements carefully and plan payments accordingly to avoid higher interest costs.

Technical Analysis

Company Chart

Moving Averages (MA)

• The stock price is above the 50-MA, which indicates that the stock will continue to rise.

• The stock price is above the 200-MA, which also indicates that the stock will continue to rise in the long term.

Relative Strength Index (RSI)

Currently, the RSI of the company is 49, which indicates that the stock is neither overbought nor oversold.

My Analysis

The company's sales and profits are increasing year after year, but in the last year, it saw a dip in profits. The stock price is in an uptrend, but right now it faces a price correction due to uncertainty in the stock market. As we all know, the demand for credit cards is increasing in the country makes this compnay a good long-term investment option.