Strength
Loan book growing double-digit
Advances grew 17.1% year on year (FY2025 → FY2026).
Importance 35 / 95 · growth
State Bank Of India · Research view
State Bank Of India
NSE: SBINBSE: 500112ISIN INE062A01020Face value ₹1standalone
₹954
−1.09% · 2026-10-01 · 52-wk ₹858–₹1,228
Financials to FY2026 · 5 years of history · prices to 2026-10-01consolidatedstandalone
Section 02 · Synthesis
What stands out?
The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.
StrengthConcernWatchContext
Section 03 · The company
Who is this company?
Classified by the exchange under Financial Services › Financial Services › Banks › Public Sector Bank.
- Market cap
- ₹8.81 L cr
- FY2026 total income
- ₹5,51,647 cr
- FY2026 net profit
- ₹80,032 cr
- Net worth
- ₹5,44,442 cr
- Advances
- ₹48,77,895 cr
- EPS (basic)
- ₹87.59
- Listed
- NSE · BSE
- Reporting
- Banking (Sch. III)Apr–Mar
Peer set used on this page: 8 public sector bank.
Section 04 · Business performance
Is the business growing?
Total incomeNet profit
Advances (loans)Deposits
Strength
Advances grew 17.1% year on year (FY2025 → FY2026).
Rule BANK_LOAN_GROWTH_STRONG
- Advances growth per year
- +15.6%over 4 years
- Advances growth
- +17.2%vs last year
- Deposits growth
- +11.0%vs last year
- Net profit growth
- +12.9%vs last year
Section 05 · Recent activity
What changed recently?
Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.
Strength
Q1 FY27 net profit was ₹24,113 cr, up 13.7% from ₹21,201 cr a year earlier.
Rule QTR_PROFIT_GROWTH_YOY
Strength
Q1 FY27 net profit of ₹24,113 cr is the highest of the 13 quarters on record for this company.
Rule QTR_PROFIT_AT_RECORD
Strength
Q1 FY27 net profit was ₹24,113 cr, up 22.8% from ₹19,643 cr in the previous quarter (Q4 FY26).
Rule QTR_PROFIT_SEQUENTIAL_CHANGE
A. Quarterly results
Total incomeNet profit
| Quarter | Total income | YoY | Net profit | YoY |
|---|---|---|---|---|
| Q2 FY25 | 1,63,802 | — | 19,783 | — |
| Q3 FY25 | 1,67,854 | +9.7% | 18,853 | +70.4% |
| Q4 FY25 | 1,79,562 | +8.9% | 19,600 | −8.3% |
| Q1 FY26 | 1,66,992 | +9.8% | 21,201 | +9.7% |
| Q2 FY26 | 1,75,898 | +7.4% | 21,137 | +6.8% |
| Q3 FY26 | 1,85,648 | +10.6% | 21,317 | +13.1% |
| Q4 FY26 | 1,81,079 | +0.8% | 19,643 | +0.2% |
| Q1 FY27 | 1,80,062 | +7.8% | 24,113 | +13.7% |
B. TTM snapshot
Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters
- Total income
- ₹7,22,687 crTTM
- PBT
- ₹1,17,683 crTTM
- Net profit
- ₹86,210 crTTM
C. Corporate actions
15 May 2026DividendFinal Dividend - Rs. - 17.3500 — ₹17.35/share
16 May 2025DividendFinal Dividend - Rs. - 15.9000 — ₹15.90/share
22 May 2024DividendFinal Dividend - Rs. - 13.7000 — ₹13.70/share
31 May 2023DividendDividend - Rs. - 11.3000 — ₹11.30/share
25 May 2022DividendDividend - Rs. - 7.1000 — ₹7.10/share
3 Jun 2021DividendDividend - Rs. - 4.0000 — ₹4.00/share
26 May 2017DividendDividend - Rs. - 2.6000 — ₹2.60/share
3 Jun 2016DividendDividend - Rs. - 2.6000 — ₹2.60/share
28 May 2015DividendDividend - Rs. - 3.5000 — ₹3.50/share
20 Nov 2014Stock splitStock Split From Rs.10/- to Rs.1/- — 10:1
29 May 2014DividendDividend - Rs. - 15.0000 — ₹15.00/share
11 Mar 2014DividendInterim Dividend - Rs. - 15.0000 — ₹15.00/share
28 May 2013DividendDividend - Rs. - 41.5000 — ₹41.50/share
24 May 2012DividendDividend - Rs. - 35.0000 — ₹35.00/share
20 May 2011DividendDividend - Rs. - 30.0000 — ₹30.00/share
9 Jun 2010DividendDividend - Rs. - 20.0000 — ₹20.00/share
5 Feb 2010DividendInterim Dividend - Rs. - 10.0000 — ₹10.00/share
10 Jun 2009DividendDividend - Rs. - 29.0000 — ₹29.00/share
29 May 2008DividendDividend - Rs. - 21.5000 — ₹21.50/share
28 Jan 2008Rights issueRight Issue of Equity Shares
2 Jul 2001DividendDividend - Rs. - 5.0000 — ₹5.00/share
3 Jul 2000DividendFinal Dividend - Rs. - 2.5000 — ₹2.50/share
Section 06 · Business performance
Is it becoming more profitable?
Net interest margin (left)Return on equity (right)
Margin and return trends are shown above.
- NIM FY2026
- 2.42%
- Cost-to-income
- 51.1%
- ROE FY2026
- 16.2%
- ROA FY2026
- 1.12%
Section 07 · Financial health
Is financial health improving?
Gross NPA %Net NPA %
Asset quality and capitalisation over the loaded history are shown above.
Net worth (capital + reserves)
- Gross NPA FY2026
- 1.49%
- Net NPA
- 0.39%
- Credit cost
- 0.39%of advances
- Credit / deposit
- 82%
Section 08 · Relative position
How does it compare with peers?
Ranked against 8 public sector bank (FY2026, consolidated). No peer-relative rule fired for this company.
Return on equity
SBIN · 5th of 8 · set median 15.2%
P/E ratio
SBIN · 8th of 8 · set median 6.4×
- P / E
- 10.2×TTM to Jun 26
- P / B
- 1.4×latest book
- P / S
- 1.2×TTM sales
- Earnings yield
- 9.8%TTM to Jun 26
On the trailing twelve months. Last full year: P/E 10.6× · P/S 1.2× · ROE 14.9%.
Section 09 · The stock
How has the stock performed?
Long-term price performance is shown above.
- 1-year return
- +10.4%
- 3-year return
- +59.4%
- 5-year return
- +111.2%
- From 52-wk high
- −22.3%
Section 10 · Technical data
What does the technical data say?
Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.
- vs 50-day avg
- Below₹1,028
- vs 200-day avg
- Below₹1,041
- RSI (14)
- 30.0neutral
- MACD histogram
- -3.6
- From 52-wk high
- −22.3%
- From 52-wk low
- +11.2%
- 30-day volatility
- 14.6%ann.
- 6-month return
- −7.5%
Section 11 · Open questions
What should I investigate further?
Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.
Nothing is flagged for review for this company.
- The price-adjusted series does not correct for a rights issue (ex-date 2008-01-28) — BSE's corporate-actions feed does not carry the subscription price or ratio a rights adjustment needs, unlike splits and bonuses, which are corrected. Returns spanning that date may be modestly overstated or understated.
Section 12 · Reference
The numbers
The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Total income | 3,16,021 | 3,68,719 | 4,66,813 | 5,24,172 | 5,51,647 |
| Interest earned | 2,75,457 | 3,32,103 | 4,15,131 | 4,62,489 | 4,82,797 |
| Interest expended | 1,54,750 | 1,87,263 | 2,55,255 | 2,95,524 | 3,09,677 |
| Net interest income | 1,20,708 | 1,44,841 | 1,59,876 | 1,66,965 | 1,73,120 |
| Pre-provision operating profit | 75,292 | 83,713 | 93,797 | 1,10,579 | 1,18,422 |
| Provisions & contingencies | 24,452 | 16,507 | 4,914 | 15,308 | 17,538 |
| Profit before tax | 43,422 | 67,206 | 81,783 | 95,271 | 1,05,477 |
| Net profit | 31,676 | 50,232 | 61,077 | 70,901 | 80,032 |
| EPS (₹) | 35.5 | 56.3 | 68.4 | 79.4 | 87.6 |
| Net worth | 2,80,088 | 3,27,608 | 3,77,247 | 4,41,162 | 5,44,442 |
| Total debt | 4,26,043 | 4,93,135 | 5,97,561 | 5,63,573 | 7,31,254 |
| Advances | 27,33,967 | 31,99,269 | 37,03,971 | 41,63,312 | 48,77,895 |
| Deposits | 40,51,534 | 44,23,778 | 49,16,077 | 53,82,190 | 59,75,642 |
| Borrowings | 4,26,043 | 4,93,135 | 5,97,561 | 5,63,573 | 7,31,254 |
| Investments | 14,81,445 | 15,70,366 | 16,71,340 | 16,90,573 | 18,01,254 |
| Gross NPAs | 1,12,023 | 90,928 | 84,276 | 76,880 | 73,452 |
| Net NPAs | 27,966 | 21,467 | 21,051 | 19,667 | 18,830 |
| Operating cash flow | 58,415 | −91,352 | 19,022 | 45,860 | 31,894 |
| Ratio | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Growth | |||||
| Advances growth YoY | — | 17.0 | 15.8 | 12.4 | 17.2 |
| Deposits growth YoY | — | 9.2 | 11.1 | 9.5 | 11.0 |
| Profit growth YoY | — | 58.6 | 21.6 | 16.1 | 12.9 |
| Profitability | |||||
| Net interest margin % | 2.4 | 2.8 | 2.7 | 2.6 | 2.4 |
| Cost-to-income % | 53.3 | 53.9 | 55.7 | 51.6 | 51.1 |
| Return on equity % | 11.3 | 16.5 | 17.3 | 17.3 | 16.2 |
| Return on assets % | 0.6 | 1.0 | 1.0 | 1.1 | 1.1 |
| Asset quality | |||||
| Gross NPA % | 4.0 | 2.8 | 2.2 | 1.8 | 1.5 |
| Net NPA % | 1.0 | 0.7 | 0.6 | 0.5 | 0.4 |
| Credit cost % | 0.9 | 0.6 | 0.1 | 0.4 | 0.4 |
| Credit / deposit % | 67.5 | 72.3 | 75.3 | 77.4 | 81.6 |