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Earnings transcript
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SBIN
SBIN.NS
State Bank of India
$960
5.1
(0.53%)
| Exchange: | NSE |
| Market Cap: | 8.861T |
| Shares Outstanding: | 8.925B |
Delayed data
About The Company
| Sector: | Financial ServicesView sector performance | |||||
| Industry: | Banks – RegionalView industry performance | |||||
| CEO: | Challa Sreenivasulu Setty | |||||
| Full Time Employees: | 245131 | |||||
| Address: |
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| Website: | https://sbi.bank.in |
State Bank of India provides banking products and services in India and internationally. It operates through the Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business segments. The company 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 policies, property, and securities; debit, business debit, prepaid, and green remit cards; overdrafts; mutual funds, insurance, equity trading, portfolio investment schemes, remittance services; digital lending; and mobile, internet, and digital banking services. It also provides corporate banking products and services comprising corporate accounts, working capital and project finance, deferred payment guarantees, corporate term loans, structured finance, dealer and channel financing, equipment leasing, loan syndication, construction equipment loans, financing Indian firms’ overseas subsidiaries or JVs, and cash management, as well as trade and service products. In addition, the company offers NRI services, including accounts, investments, loans, and remittances; agricultural banking services; and international banking services. Further, it provides life and general insurance; estate planning services; merchant banking and advisory; securities broking; trusteeship service; factoring; payment solution; asset management; portfolio and investment management; credit cards; and custody and fund accounting services. State Bank of India was founded in 1806 and is headquartered in Mumbai, India.
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Revenue Segmentation
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
 SBIN.NS | State Bank of India | 8.86T | 10.3 | 1,058 | 1.0% |
 MFG | Mizuho Financial Group, Inc. | 124.8B | 14.6 | 16.4 | 0.5% |
 HDB | HDFC Bank Limited | 116.1B | 13.8 | 14.6 | 1.7% |
 IBN | ICICI Bank Limited | 101.5B | 17.3 | 19.0 | 5.3% |
 USB | U.S. Bancorp | 87.7B | 11.4 | 10.7 | 9.5% |
 PNC | The PNC Financial Services Group, Inc. | 86.1B | 12.1 | 11.4 | 4.6% |
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 5,833,495,518 | 6,504,667,509 | 6,967,139,854 |
| Gross Profit | 3,236,135,037 | 3,495,234,156 | 3,817,091,770 |
| EBITDA | 950,891,721 | 1,103,567,702 | 1,188,577,002 |
| Operating Income | 912,652,463 | 1,063,533,837 | 1,140,279,817 |
| Net Income | 670,846,700 | 775,613,400 | 832,987,800 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Total Assets | 67,337,787,997 | 73,141,853,400 | 83,215,685,700 |
| Total Liabilities | 63,032,216,658 | 68,091,227,400 | 77,066,694,200 |
| Total Stockholders Equity | 4,149,391,715 | 4,870,367,600 | 5,961,308,700 |
| Total Debt | 5,565,032,351 | 6,108,572,400 | 7,773,021,500 |
| Cash and Cash Equivalents | 5,975,677,770 | 3,579,329,400 | 4,018,432,100 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating Cash Flow | 216,324,310 | 484,862,946 | 1,633,922,700 |
| Capital Expenditure | -41,751,262 | -56,372,241 | -83,629,600 |
| Free Cash Flow | 174,573,048 | 428,490,705 | 1,550,293,100 |
| Net Income | 901,864,500 | 1,049,094,768 | 832,987,800 |
| Net Change in Cash | 82,603,938 | 313,606,393 | 0 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 3,772,942,407.050 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 4,179,646,568.721 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 3,917,076,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 1,489,231,131.198 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 1,694,977,530.874 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 1,562,146,433.564 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 1,044,935,599.820 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 1,193,063,603.355 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 1,097,431,284.720 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 30,690,607.095 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 33,998,899.744 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 31,863,046.797 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 120.100 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 130.570 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 114.360 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 10 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 9 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates SBIN.NS intrinsic value between $315.80 – $473.85 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about SBIN.NS valuation
Is State Bank of India (SBIN.NS) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for State Bank of India (SBIN.NS) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is SBIN.NS a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether SBIN.NS trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is SBIN.NS’s P/E ratio?
You can see SBIN.NS’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for SBIN.NS?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is SBIN.NS a good long-term investment?
Whether SBIN.NS fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
SBIN.NS
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Daily snapshot
0.53
Trading Metrics:
| Open: | 954.9 | Previous Close: | 954.9 | |
| Day Low: | 947.35 | Day High: | 963.8 | |
| Year Low: | 877.05 | Year High: | 1234.7 | |
| Price Avg 50: | 1010.24 | Price Avg 200: | 1043.21 | |
| Volume: | 8.951M | Average Volume: | 10.197M |
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