State Bank of India Analyst Rating
based on 41 analysts
73.17%
Buy
14.63%
Hold
12.20%
Sell
Based on 41 analysts offering long term price targets for State Bank of India. An average target of ₹957.88
Source: S&P Global Market Intelligence
State Bank of India Share analysis
State Bank of India price forecast by 41 analysts
Upside of15.02%
High
₹1102
Target
₹957.88
Low
₹690
State Bank of India target price ₹957.88, a slight upside of 15.02% compared to current price of ₹812. According to 41 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
State Bank of India revenue growth forecast
Expected growth rate Q1, FY2026:0
Forecast
Actual
Including amortisation and stock based compensations
State Bank of India EPS growth forecast
EPS estimate Q1, FY2026:10.80%
Forecast
Actual
Source: S&P Global Market Intelligence
State Bank of India Performance
Day's Low
Day's High
₹810Day's Price Range₹83652 Week's Low
52 Week's High
₹600.6552-Week Price Range₹912
| Returns % | |
| 1 Month Return | + 6.67 % |
| 3 Month Return | + 3.86 % |
| 1 Year Return | + 29.37 % |
| Market Stats | |
| Previous Close | ₹832.80 |
| Open | ₹834.90 |
| Volume | 1.02Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹7,48,017.03Cr |
State Bank of India Key Statistics
| P/E Ratio | 10.39 |
| PEG Ratio | 2.76 |
| Market Cap | ₹7,48,017.03 Cr |
| P/B Ratio | 1.92 |
| EPS | 76.35 |
| Dividend Yield | 1.82 |
| Sector | Banks |
| ROE | 18.81 |
State Bank of India Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹7,48,017.03 Cr | 30.11% | NA | ₹67,084 Cr | ₹5,94,574 Cr | |
| BUY | ₹1,29,630.54 Cr | 29.81% | NA | ₹18,767 Cr | ₹1,41,778 Cr | |
| BUY | ₹93,600.05 Cr | 25.54% | NA | ₹15,278 Cr | ₹1,39,164 Cr | |
| HOLD | ₹49,146.05 Cr | 10.62% | NA | ₹6,564 Cr | ₹67,488 Cr | |
| BUY | ₹93,794.11 Cr | 21.4% | NA | ₹13,797 Cr | ₹1,18,188 Cr |
State Bank of India Mutual Fund Holdings
About State Bank of India
SBI’s diverse portfolio includes products like savings accounts, loans, credit cards, and investment services. The bank also has several sub-brands, such as SBI Life Insurance, SBI Mutual Fund, and SBI Cards, catering to different financial needs. As of 2024, SBI has a strong presence in India with over 22,000 branches and more than 62,000 ATMs. The bank also operates in over 30 countries, including the United States, Canada, the United Kingdom, and Singapore. A notable fact about SBI is that it is the largest bank in India by assets and customer base, serving over 44 crore (440 million) customers. Another interesting fact is that SBI has merged with several associate banks over the years, including the State Bank of Travancore and State Bank of Hyderabad, to consolidate its position in the market.
Share Price: ₹812.00 per share as on 20 Dec, 2024 04:01 PM
Market Capitalisation: ₹7,48,017.03Cr as of today
Revenue: ₹1,63,802.38Cr as on September 2024 (Q3 24)
Net Profit: ₹19,782.76Cr as on September 2024 (Q3 24)
Listing date: 03 Nov, 1994
Chairperson Name: DINESH KUMAR KHARA
| Organisation | State Bank of India |
| Headquarters | |
| Industry | Banks |
| E-voting on shares | Click here to vote |
Key events for State Bank of India
Palani Temple Gold Invested in SBI Gold Bonds - 20 Dec, 2024
The Palani temple's gold, converted into 24-carat bars, was invested in State Bank of India gold bonds, yielding ₹12 crore interest annually for temple development.SBI Appoints New MD and Hosts Property Expo - 18 Dec, 2024
Rama Mohan Rao Amara has been appointed as SBI's new MD. The bank is also hosting a Property Expo and has achieved significant milestones in loan guarantees.SBI Reports Profit Surge and Recruitment Drive - 17 Dec, 2024
SBI announced a 28% YoY profit increase for Q2FY25, opened recruitment for 13,735 Junior Associates, and issued a warning about deepfake investment scams.SBI Reports Strong Growth and Future Price Target - 16 Dec, 2024
State Bank of India reported a 12% YoY growth in business and a 5.37% increase in net interest income for Q2FY25, with a projected price target of Rs 999 in 8 to 10 months.Public Sector Banks Report Strong Profit Growth - 15 Dec, 2024
Public sector banks, including State Bank of India, reported a net profit of ₹85,520 crore in H1 FY2024-25, marking a 26% increase from the previous year. This reflects improved asset quality and operational efficiency.SBI Announces MCLR Rates Effective December 2024 - 14 Dec, 2024
The State Bank of India has announced its latest MCLR rates effective from December 15, 2024, with rates unchanged across all tenures. The base rate is set at 10.40%, impacting various loan types, including home and personal loans.SBI Chairman Heads NARCL Committee Amid Inflation Insights - 13 Dec, 2024
SBI Chairman C S Setty will lead a committee to identify bad loans for NARCL. A report highlights faster food inflation decline in high-income states.SBI's Strategic Moves and Strong Stock Performance - 12 Dec, 2024
State Bank of India is actively engaging in corporate bond markets, acquiring bad debts, and seeking significant yen loans. Its stock has risen 41.5% YoY, with analysts optimistic about future growth.SBI Chairman Advocates for Corporate Bond Market Growth - 11 Dec, 2024
SBI's Chairman C.S. Setty emphasizes the need for greater participation from institutional investors in the corporate bond market to enhance liquidity and support infrastructure financing. Analysts express caution regarding SBI's stock potential despite its strong performance. The Chairman also discusses ongoing negotiations with the RBI on bond market regulations.SBI Reports Strong Q2 Performance Under New Chairman - 10 Dec, 2024
State Bank of India, under Chairman Challa Sreenivasulu Setty, reported a 28% profit surge to ₹18,331 crore in Q2 FY25, with deposits exceeding ₹51 lakh crore. The bank's asset quality improved, with net NPAs down 5%, reflecting its strong market position.SBI Announces Loan Sale and Deposit Scheme - 09 Dec, 2024
State Bank of India plans to sell Rs 2,732.5 crore in bad loans and has launched a new deposit scheme offering 7.25% interest. SBI shares are also gaining on the Nifty index.SBI Research Predicts RBI Rate Cut in February - 08 Dec, 2024
SBI Research forecasts a potential 75 basis points cut in the RBI repo rate during the February 2025 policy meeting, indicating a positive outlook for borrowers.SBI Projects Lower GDP Growth Amid Economic Challenges - 07 Dec, 2024
SBI forecasts India's GDP growth at 6.3% for FY25, lower than RBI's 6.6% estimate. The report highlights economic caution following RBI's recent downward revision of growth projections.SBI Reacts Positively to Monetary Policy Changes - 06 Dec, 2024
State Bank of India responds positively to recent monetary policy announcements, with Chairman Setty highlighting benefits for banks and expected boosts in net interest margins. SBI shares saw a slight gain following these developments.SBI Focuses on Deposits Amid Loan Growth - 05 Dec, 2024
SBI's leadership emphasizes the importance of deposit acquisition in a competitive market while maintaining confidence in credit growth across key sectors. The bank anticipates no immediate rate cuts from RBI.SBI Focuses on Credit Growth and Account Activation - 04 Dec, 2024
SBI's Chairman highlights strong credit growth despite GDP slowdown. The bank seeks RBI's approval for non-financial transactions to reactivate dormant accounts. A brokerage sets a target price of Rs 958 for SBI stock.SBI Reports Credit Slowdown, Launches New Fund - 03 Dec, 2024
SBI recognized Paralympic medalists with Rs 4 crore, reported a slowdown in credit growth, launched SBI Quant Fund, and plans to open 500 new branches in FY25.SBI Reports Growth and New Initiatives - 02 Dec, 2024
State Bank of India announced plans to open 500 new branches, launched the SBI Quant Fund, and reported a significant increase in net profit and term deposits.Leadership Change at SBI Officers Federation - 01 Dec, 2024
Rupam Roy has been elected as the new general secretary of the All India State Bank Officers Federation, succeeding Deepak K Sharma, who retired recently.SBI Activates Accounts, Partners with BSNL, Faces Green Bond Challenges - 30 Nov, 2024
SBI has launched a nationwide initiative to activate inoperative accounts, aiming to boost CASA deposits. Additionally, SBI partners with BSNL for secure transactions, while its green bond scheme struggles to attract investors due to lower interest rates.
Insights on State Bank of India
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTProfit Spike
Netprofit is up for the last 2 quarters, 19.32K Cr → 19.78K Cr (in ₹), with an average increase of 2.3% per quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 1.52L Cr → 1.63L Cr (in ₹), with an average increase of 7.1% per quarter
- POSITIVE IMPACT
Best in 3 Years
In the last 3 years, SBIN has outperformed top 5 stocks with highest market-cap in Banks
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 11.00% to 11.34% in Sep 2024 quarter
NO EFFECTAgainst Peers
In the last 1 year, ICICI Bank Ltd has given 29.4% return, outperforming this stock by 1.5%
- NO EFFECT
Retail Holding Unchanged
Retail Investor holdings remained unchanged at 7.59% of holdings in Sep 2024 quarter
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 56.92% of holdings in Sep 2024 quarter
NEGATIVE IMPACTPrice Dip
In the last 7 days, SBIN stock has moved down by -1.8%
- NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 11.04% to 10.59% in Sep 2024 quarter
State Bank of India Blogs
News
Palani Temple Gold Invested in State Bank of India Gold Bonds
The gold was handed over in the presence of retired Judge of Madras High Court R. Mala. Under the Gold Investment Scheme, the gold ornaments obtained as offerings from the devotees of temples and not used for the deity were converted into 24-carat gold bars and invested in State Bank of India. The interest from the investment was used for the development of the temples. The Palani temple gold handed over to SBI to be invested in gold bonds would get ₹12 crore as interest per year.20 Dec, 2024 09:14 PM2024 Year-End Review: Legal Precedents and IBC Reforms in India
On November 7, 2024, a three-judge bench of the Supreme Court delivered a landmark judgment in State Bank of India vs Consortium of Murari Lal Jalan and Florian Fristch ordering the liquidation of Jet Airways, a once-prominent Indian airline. Emphasising the time value of money, the court exercised its plenary power under Article 142 of the Constitution to set aside the NCLATs directive to forfeit the Successful Resolution Applicants infused funds of Rs200 crore and encash the Performance Bank Guarantee of Rs150 crore. This decision shows that resolution plans are serious contractual commitments and must uphold the core objectives of the IBC.20 Dec, 2024 05:55 PMTop 10 Companies That Paid Maximum Taxes in India for FY 2023
From Reliance Industries Limited to State Bank of India, from Tata Consultancy Services (TCS) to Infosys and others, know which Indian companies made it to the top 10 list of highest tax payers for the Financial Year 2023.20 Dec, 2024 03:10 PMState Bank of India Financials
Index Inclusions
State Bank of India Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 56.92% | 0.00 | |
| Foreign Institutions | 10.59% | ||
| Mutual Funds | 11.34% | 3.08 | |
| Retail Investors | 7.59% | 0.08 | |
| Others | 13.56% | 0.73 |
State Bank of India Key Indicators
State Bank of India Valuation
State Bank of India in the last 5 years
Lowest (-1736.32x)
January 24, 2018
Today (10.39x)
December 19, 2024
Industry (15.85x)
December 19, 2024
Highest (140.37x)
June 27, 2019
State Bank of India Earnings and Dividends
State Bank of India Earnings Results
State Bank of India’s net profit jumped 22.88% since last year same period to ₹19,782.76Cr in the Q2 2024-2025. On a quarterly growth basis, State Bank of India has generated 2.37% jump in its net profits since last 3-months.
Read More about Earnings ResultsState Bank of India Dividends May,2024
In the quarter ending March 2024, State Bank of India has declared dividend of ₹13.70 - translating a dividend yield of 3.08%.
Read More about Dividends
State Bank of India Technicals Summary
Bearish
Neutral
Bullish
State Bank of India is currently in a Bearish trading position according to technical analysis indicators.
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State Bank of India (SBIN) share price today is ₹812
State Bank of India is listed on NSE
State Bank of India is listed on BSE
- Today’s highest price of State Bank of India is ₹836.
- Today’s lowest price of State Bank of India is ₹810.
PE Ratio of State Bank of India is 10.39
PE ratio = State Bank of India Market price per share / State Bank of India Earnings per share
Today’s traded volume of State Bank of India(SBIN) is 1.02Cr.
Today’s market capitalisation of State Bank of India(SBIN) is ₹748017.03Cr.
| State Bank of India(SBIN | Price |
|---|---|
52 Week High | ₹912 |
52 Week Low | ₹600.65 |
State Bank of India(SBIN) share price is ₹812. It is down -10.96% from its 52 Week High price of ₹912
State Bank of India(SBIN) share price is ₹812. It is up 35.19% from its 52 Week Low price of ₹600.65
| State Bank of India(SBIN | Returns |
|---|---|
1 Day Returns | -20.8% |
1 Month Returns | 6.67% |
3 Month Returns | 3.86% |
1 Year Returns | 29.37% |