S

State Bank of India

SBINNSE
Market snapshot · 2026-08-12 12:36 UTC

1,082.00

+₹16.00 (+1.50%)

MARKET CAP

₹9.99L Cr

STOCK P/E

11.6x

52W HIGH

₹1,234.70

52W LOW

₹798.50

BOOK VALUE

₹673.78

EPS

₹93.49

ROE

15.18%

SECTOR

Financials

GROSS NPA

1.49%

VOLUME

1.77Cr

P/B RATIO

1.61x

NET NPA

0.39%

Sector

Financials

Themes

Public BanksPsuPresident of India Portfolio
D
Dividend
E
Earnings
₹1,194.57₹1,093.00₹991.43₹889.86₹788.29VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for SBIN.

37.00 analysts

Price Forecast

Current
₹1,082
High Target
₹1,390
▲ +28.5%
Median Target
₹1,270
▲ +17.4%
Low Target
₹1,070
▼ -1.1%
Now₹1,082High ₹1,390Median ₹1,270Low ₹1,070Aug '25Now12M Target
Price history (1Y)
Analyst target range
37 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹973.26 - ₹1,30980%
6M₹954.91 - ₹1,45380%
12M₹952.92 - ₹1,72580%
Realized vol: +23.1% · Drift: +19.6%

Revenue Forecast

₹ Cr
Mar '26Current₹1.4L
Sep 2026 ETrend estimate range
High₹1.6LBase₹1.5LLow₹1.3L
Jun '25: ₹1.4L · Sep '25: ₹1.4L · Dec '25: ₹1.4L · Mar '26: ₹1.4L · Sep '26: ₹1.5L · Dec '26: ₹1.5L
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E1.4L1.4L1.4L1.4L1.5L1.5L
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Mar '26Current₹21.28
Sep 2026 ETrend estimate range
High₹25.74Base₹22.98Low₹20.22
Jun '25: ₹23.76 · Sep '25: ₹22.00 · Dec '25: ₹23.09 · Mar '26: ₹21.28 · Sep '26: ₹22.98 · Dec '26: ₹24.12
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E23.7622.0023.0921.2822.9824.12
PastCurrentTrend estimate: Low / Base / High
EPS forecast unavailable from FMP/yfinance.
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
57%
Analyst Consensus
Positive

From 37 analysts

Mean upside+16.4%

Fundamentals

Moderate

Fundamentals institutional score is 63 using EVA spread proxy 3.2%; growth durability 52.4.

Valuation

Premium valuation

Valuation institutional score is 23 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 75 using mean target upside 16.4%; dispersion penalty 10.2; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 50 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 12 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. analyst consensus and market sentiment provide support, while valuation and technical structure remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals ModerateValuation Premium valuationAnalyst Consensus PositiveTechnical Structure Mixed MomentumMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price1,259 target
Mean Upside+16.4%
Technical Score50%
Fundamental Score63%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 36.7% above historical median. Valuation is stable — currently in the strongly overvalued zone (z-score: +1.73). Confidence: 81%.

Live forward EPS implies next-12-month EPS of ₹104.61. Applying the stock's normalized valuation corridor produces a fair range of ₹807.59 to ₹1,063.88, with base value near ₹886.05 (-17.8% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Above normalized range

Forward EPS

₹104.61

Forward P/E

10.3x

Base Fair Value

₹886.05

Fair Range

₹807.59 - ₹1,063.88

Upside To Base

-17.8%

Estimate Source

Live forward EPS

Growth Estimate

+9.9%

P/B
Fair

5Y Average

1.57

Current

1.60

Overvalued

1.80

Undervalued

1.33

P/E
Strongly Overvalued

5Y Average

7.41

Current

11.58

Overvalued

10.17

Undervalued

7.72

P/S
Strongly Overvalued

5Y Average

1.65

Current

2.58

Overvalued

1.90

Undervalued

1.40

Peers & Comparison

Sector: Financials · Theme: Public Banks

Public Banks Peers8 peers
Avg P/E: 8x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
INDIAN BANK
INDIANBPublic Banks
+10.3%36.4%
9.5x
Premium
+19% vs avg
+30.6%
INDIAN OVERSEAS BANK
IOBPublic Banks
+48.1%36.6%
11.4x
Premium
+43% vs avg
-5.3%
UCO BANK
UCOBANKPublic Banks
+53.0%21.5%
11.6x
Premium
+45% vs avg
-6.8%
PUNJAB NATIONAL BANK
PNBPublic Banks
+15.2%38.1%
6.2x
Undervalued
-22% vs avg
+6.9%
UNION BANK OF INDIA
UNIONBANKPublic Banks
40.5%
6.9x
Fair
-14% vs avg
+34.5%
BANK OF BARODA
BANKBARODAPublic Banks
+18.0%27.4%
7.1x
Fair
-11% vs avg
+1.8%
CANARA BANK
CANBKPublic Banks
-12.9%43.1%
6.0x
Undervalued
-25% vs avg
+19.6%
BANK OF INDIA
BANKINDIAPublic Banks
+18.5%35.0%
5.4x
Undervalued
-32% vs avg
+25.8%
WHY THESE PEERS

Comparable-scale peer data is limited — showing nearest stored business/industry peers instead of an empty comparison.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹1.40L CrMar 2026

Latest net profit

₹19.68K CrMar 2026

Net Profit

₹19.68K CrProfit conversion

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.00 Cr40.00K Cr80.00K Cr1.20L Cr1.60L Cr
  • Revenue
  • Net income
  • Net margin %

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
Total incomeInterestOperatingexpensesEBITDAProvisionsProfitbefore taxTax &minorityNet Profit0.00 Cr40.00K Cr80.00K Cr1.20L Cr1.60L Cr

Latest reported period: Mar 2026

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales106,912108,039112,169118,193128,412122,688129,141128,467143,876135,342139,573140,915140,412
Interest Earned92,95195,975101,379106,734111,043111,526113,871117,427119,509117,996119,654122,352123,098
Other Income13,96112,06310,79111,45917,36911,16215,27111,04124,36717,34615,32618,56217,314
Interest52,55957,07061,87966,91869,38770,40172,25175,98176,89276,92376,67077,36678,718
Operating Expenses29,73325,67130,87430,93930,27725,83927,59628,93535,69827,87430,99930,68633,990
EBITDA24,62125,29719,41720,33628,74826,44929,29423,55131,28630,54431,90432,86227,704
Provisions3,3162,5011157,7881,6103,4494,5069116,4424,7595,4004,5072,872
Profit before tax21,30522,79619,30112,54827,13822,99924,78822,64024,84425,78526,50428,35524,832
Tax %21.64%25.93%25.76%26.97%23.73%25.93%26.05%25.39%24.96%25.69%23.94%25.84%20.73%
Net Profit16,69516,88414,3309,16420,69817,03518,33116,89118,64319,16020,16021,02819,684
Gross NPA %2.78%2.76%2.55%2.42%2.24%2.21%2.13%2.07%1.82%1.83%1.73%1.57%1.49%
Net NPA %0.67%0.71%0.64%0.64%0.57%0.57%0.53%0.53%0.47%0.47%0.42%0.39%0.39%
Loans and Advances3,199,2693,235,0233,345,1673,519,5143,703,9713,749,1393,857,4234,004,5674,163,3124,196,2054,361,7374,627,7344,877,895
Deposits4,423,7784,531,2374,689,2184,762,2214,916,0774,901,7265,117,2855,229,3845,382,1905,473,2545,591,7005,701,3095,975,642
Borrowings493,135412,352512,713552,489597,561585,667558,816709,135563,573537,749600,551635,707731,254
EPS in Rs18.7118.9216.0610.2723.1919.0920.5421.1221.9623.7622.0023.0921.28

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
FII9.93%9.32%9.56%10.33%11.41%
DII25.07%25.69%27.80%27.18%26.24%
Government57.44%57.43%55.51%55.51%55.53%
Public6.44%6.54%6.07%5.84%5.58%
Others1.12%1.02%1.06%1.14%1.24%
Mar 2026
FII
DII
Government
Public
Others

Events Timeline

Concall Transcript - FY2027

Jul 27, 2026PDFKnowledge Base Open

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Jun 24, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jun 18, 2026PDFKnowledge Base Open

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Jun 03, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jun 01, 2026PDFKnowledge Base Open