On 6 Nov 2026, State Bank of India was priced at ₹1,018.50, or 10.4× trailing earnings, and the shares are 18% below their 52-week high. It earns ROE of 15%, and net profit grew 14% a year over 3 years. For banks and lenders, ROCE and debt-to-equity are not used; it trades at 1.40× book value and its dividend yield is 1.7%. It is a large-cap company with a market cap of ₹9.4 lakh crore, ranked 3rd of 41 Banks (Regional) companies by market cap; the shares rose 5.1% over the past year.
- ₹996.00
- ₹1,020.00
- ₹990.50
- ₹1,006.40
- 1.6 Cr
Health check
- ReturnsIn line
+5.1% over a year, better than 4 of 7 peers.
- Price tagCheaper
P/B 1.40 vs peer median 1.78.
- GrowthSteady
Profit +14.4% a year over 3 years.
- ProfitabilityAverage
ROE 14.7% vs peer median 13.9%.
- Balance sheetFair
Return on assets 1.15%. Bad-loan data isn’t covered.
- Red flagsNone found
No warning signs in the headline numbers.
Large cap
Defensive
Key metrics
- Market cap
- ₹9.4L Cr
- Large cap
- P/E
- 10.4
- Industry 9.2
- Price to book
- 1.40
- Peers 1.78
- Dividend yield
- 1.70%
- ROE
- 14.7%
- Peers 13.9%
- ROCE
- n/m
- Not meaningful for lenders
- Debt to equity
- n/m
- Not meaningful for lenders
- EPS (TTM)
- ₹97.97
- Face value ₹1
- OPM (TTM)
- 27.1%
- Net margin 23.0%
- Sales growth
- n/m
- Not meaningful for lenders
- Profit growth
- +20.4%
- Latest quarter vs a year ago
- Price to sales
- 2.40
Strengths and risks
Strengths
- Quarterly profit up 20.4% on a year ago.
About State Bank of India
State Bank of India provides banking products and services in India and internationally. The company operates through the Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business segments. It offers personal banking products and services, including current, savings, salary, and deposit accounts; home, personal, pension, auto, education, and gold loans, as well as loans against insurance property, and securities; debit, business…
- Headquarters
- Mumbai
- Employees
- 2,45,131
- Sector
- Financial Services
- ISIN
- INE062A01020
- Website
- sbi.bank.in
Price range
- Avg volume (3M)
- 94.6 L
- 1-year return
- plus 5.1%
- From 52-week high
- minus 17.5%
Analyst consensus
Next results expected around 4 Feb 2027
Peers · Banks - Regional
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HDFCBANKHDFC Bank | 788.25 | plus 3.72% | 12,16,451 | 17.2 | 2.00 | 11.0% | 1.7% | 12.5% | 1.65% | minus 22.9% |
| ICICIBANKICICI Bank | 1,571.20 | plus 4.75% | 11,28,255 | 19.3 | 2.89 | 16.5% | 2.1% | 16.8% | 0.76% | plus 12.2% |
| SBINState Bank of India | 1,018.50 | plus 1.20% | 9,40,138 | 10.4 | 1.40 | 14.7% | 1.2% | 14.4% | 1.70% | plus 5.1% |
| KOTAKBANKKotak Mahindra Bank | 480.00 | plus 2.78% | 4,77,498 | 22.2 | 2.45 | 11.8% | 2.1% | 8.9% | 0.14% | plus 11.4% |
| AXISBANKAxis Bank | 1,322.90 | plus 3.35% | 4,11,985 | 13.8 | 1.78 | 13.9% | 1.6% | 34.6% | 0.08% | plus 4.4% |
| PNBPunjab National Bank | 126.55 | plus 0.36% | 1,45,443 | 6.4 | 0.90 | 15.1% | 1.1% | 76.4% | 2.37% | plus 2.3% |
| UNIONBANKUnion Bank of India | 187.00 | minus 0.53% | 1,42,748 | 6.5 | 1.00 | 16.3% | 1.4% | 31.7% | 2.67% | plus 24.1% |
| BANKBARODABank of Baroda | 250.31 | plus 0.26% | 1,29,444 | 6.5 | 0.74 | 11.9% | 1.0% | 10.0% | 3.40% | minus 13.3% |
| Median of 7 peers | – | 2.78% | 4,11,985 | 13.8 | 1.78 | 13.9% | 1.6% | 16.8% | 1.65% | 4.4% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|
| – | 67,494 | 71,450 | 67,958 | 71,855 | 70,597 | |
| 78,266 | – | 78,783 | 79,953 | 82,248 | 84,273 | |
| – | – | – | – | – | 6,879 | |
| 29,229 | – | 30,067 | 26,076 | 32,884 | 33,555 | |
| 26.0% | – | 27.2% | 22.7% | 25.3% | 23.3% | |
| 21,201 | – | 21,317 | 19,643 | 24,113 | 25,361 | |
| 23.76 | – | 23.09 | 21.28 | 26.12 | 27.47 |
Profit & loss
- Profit CAGR 3Y
- +14.4%
- EPS CAGR 3Y
- +13.5%
- ROE
- 14.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,92,110 | 2,26,914 | 2,45,869 | 2,60,245 | |
| – | +18.1% | +8.4% | +5.8% | |
| 1,89,981 | 2,59,736 | 3,00,943 | 3,15,005 | |
| 3,696 | 3,849 | 3,991 | 4,830 | |
| −29 | −25.2 | −16.2 | −7.3 | |
| 75,399 | 91,240 | 1,06,365 | 1,14,028 | |
| 25.0% | 25.3% | 25.7% | 25.3% | |
| 55,648 | 67,085 | 77,561 | 83,299 | |
| – | +20.6% | +15.6% | +7.4% | |
| 62.35 | 75.17 | 86.91 | 91.16 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 892 | 892 | 892 | 923 | |
| 3,58,039 | 4,14,047 | 4,86,144 | 5,95,208 | |
| 5,22,093 | 5,56,503 | 6,18,125 | 7,26,892 | |
| 50,73,394 | 57,62,336 | 62,09,023 | 69,98,545 | |
| 59,54,418 | 67,33,779 | 73,14,185 | 83,21,569 | |
| 44,407 | 44,708 | 46,338 | 57,152 | |
| 384 | 571 | 574 | 705 | |
| 19,13,108 | 21,14,316 | 22,23,404 | 24,30,377 | |
| 5,36,903 | 5,97,568 | 6,20,849 | 6,67,113 | |
| 34,59,616 | 39,76,616 | 44,23,020 | 51,66,221 | |
| 59,54,418 | 67,33,779 | 73,14,185 | 83,21,569 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −86,014 | 21,632 | 45,484 | 38,097 | |
| −4,041 | −4,252 | −5,635 | −691 | |
| 6,386 | −9,896 | −10,737 | −3,427 | |
| −83,668 | 7,484 | 29,112 | 33,979 | |
| −4,044 | −4,175 | −5,637 | −8,363 | |
| −90,057 | 17,457 | 39,847 | 29,734 | |
| −6,337 | −10,085 | −12,227 | −14,190 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 28.7% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.