State Bank of India (SBIN)

State Bank of India (SBIN).

1. Key Company Fundamentals

State Bank of India (SBI) is India’s largest public sector bank, commanding a dominant ~22% market share in deposits and nearly ~20% in advances nationwide. Its financial health has significantly strengthened, marked by an multi-year high recovery in asset quality and healthy loan book credit growth.

Metric Details / Value
Market Capitalization ~₹9,51,860 Crores (Mega Cap)
Current Market Price (CMP) ~₹1,044
52-Week High / Low ₹1,234.70 / ₹786.55
Price-to-Earnings (P/E) Ratio ~11.25
Price-to-Book (P/B) Ratio ~1.69
Return on Equity (ROE) ~14.43% to 15.40%
Return on Assets (RoA) ~1.0% to 1.1% (Strong structural efficiency)
CASA Ratio ~37.9% (Granular retail-led deposit profile)
Capital Adequacy Ratio (CRAR) 15.4% (Strengthened via FY26 capital raises)
Promoter (Govt. of India) Holding 55.50% (Unpledged)
Face Value ₹1.00 per share

Asset Quality Metrics

  • Gross NPA: 1.49%

  • Net NPA: 0.39% (Indicative of highly resilient provisioning and asset cleanup over the last few years)

2. Dividend Details & Policy

SBI rewards shareholders via a steady annual cash payout. The bank has progressively increased its absolute dividend payout year-on-year, backed by surging net profits.

  • Dividend Yield: ~1.66% to 1.68%

  • Dividend Frequency: Annual (Declared once a year in May alongside annual financial audit results).

  • Payout Ratio: Consistently maintains a healthy dividend payout of around 18–19% of its net earnings.

Recent Dividend Payout History

SBI handles its dividend payouts according to the performance of the concluded financial year.

Ex-Dividend Date Dividend Type Amount (per share)
May 16, 2026 Final Dividend ₹17.35
May 16, 2025 Final Dividend ₹15.90
May 22, 2024 Final Dividend ₹13.70
May 31, 2023 Final Dividend ₹11.30

3. Financial Performance Summary

  • Profitability: Annual net profit crossed ₹83,000 crores, driven by a 17% expansion in loan segments including retail, corporate, and emerging sectors like data centers and renewables.

  • Valuation & Growth: Digital transformation fueled by its YONO application (~75+ million users) continues to decrease acquisition costs, making its historical valuation (~1.1x core book value forward) attractive to long-term institutional buyers.

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