With mini lock downs in month of April and May, asset quality in retail and SME segment came under pressure on expected lines. Given the better collection efficiency in the month of July and trends in SMA 1 and SMA 2 book, unless there is major issue with wholesale loan book or sudden increase in covid cases, probability of numbers for Q2 FY22, showing an improvement is high.
While bank had been taking steps to increase its digital footprints, given the challenges which new age fintech companies are bringing to whole banking space, how nimble footed the is bank with its digital initiatives should be watched carefully. How much of its new retail business comes from digital channels is factor to watch for. It will an impact on growth matrix of retail portfolio in long term.
In the last couple of year, the bank has been getting a few of its subsidiaries listed. Now, their shares are being traded on the stock exchange. The first round of unlocking value has taken place. The requirement of additional funds, if any, could be through selling stake in some of these subsidiaries.
Stock touched a new 52 week high today.
PE Ratio
This is a ratio arrived at by dividing the current market price of a stock by its latest (annual or annualized) earnings per share. Here we have taken the TTM (trailing twelve months) adjusted earnings per share.
EPS - TTM
Earnings per share (TTM) tells the profit after tax earned on a per share basis by a stock over the last twelve months or four quarters.
MCap
MCap or Market capitalization of a stock is calculated by multiplying the total number of shares outstanding of that particular stock with its current market price.
Sectoral MCap Rank
This is the ranking of a company within its sector based on MCap or Market capitalization. Higher the market capitalization of a company, higher the rank it is assigned.
PB Ratio
Price to Book represents the ratio of current market price of a stock to its book value per share. The book value itself is arrived at by dividing the net worth of a company by the total number of shares outstanding of the company at that time.
Dividend Yield
Dividend Yield calculates the amount of full year dividend declared by a company as a percentage of the current market price of a stock. All other things being equal, higher the dividend yield of the stock, the better it is for investors.
Face Value
Face value of a stock is the value ascribed to the stock as per the balance sheet of the company. The dividend declared by a company is usually declared as a percentage of face value.
Beta
| 1 Month | 1.73 |
| 3 Months | 1.75 |
| 6 Months | 1.69 |
| 1 Year | 1.49 |
| 3 Years | 1.45 |
VWAP
Volume Weighted Average Price represents the average price of a security over a particular time period (example one trading day) weighted by the volume traded at each price point.
52W H/L
This represents the 52 week high and low price of the security. It is also the 1 year high and low of the security. This represents the highest and lowest price touched by the security during the past 52 weeks or 1 year including today.
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Share market update: Most active stocks of the day in terms of traded value
NewsCompliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
AnnouncementsCurrent
Mean Recos by 41 Analysts
| Ratings | Current | 1 Week Ago | 1 Month Ago | 3 Months Ago |
|---|---|---|---|---|
| Strong Buy | 24 | 25 | 25 | 27 |
| Buy | 16 | 16 | 16 | 17 |
| Hold | 1 | 1 | 1 | - |
| Sell | - | - | - | - |
| Strong Sell | - | - | - | - |
| # Analysts | 41 | 42 | 42 | 44 |
Profit Per Employee - Uptrend
Net profit per employee has been continuously increasing over the last 3 years with a growth of 43.05% last year. (Source: Standalone Financials)Quarterly Topline Performance
Company witnessed QoQ revenue decline of 9.83%, which is lowest in the last 3 years. (Source: Consolidated Financials)| Quarterly | Annual | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 |
|---|---|---|---|---|---|
| Total Income | 93,266.94 | 1,03,430.64 | 97,182.15 | 95,373.50 | 87,984.33 |
| Total Income Growth (%) | -9.83 | 6.43 | 1.90 | 8.40 | -6.62 |
| Provisions & Contingencies | 10,510.24 | 11,516.71 | 10,801.67 | 11,221.02 | 12,562.76 |
| Provisions & Contingencies Growth (%) | -8.74 | 6.62 | -3.74 | -10.68 | -10.40 |
| Profit after Tax (PAT) | 7,379.91 | 6,125.52 | 6,257.55 | 5,245.88 | 4,776.50 |
| PAT Growth (%) | 20.48 | -2.11 | 19.29 | 9.83 | -30.88 |
| Gross NPA (%) | - | - | - | - | - |
| Net NPA (%) | - | - | - | - | - |
| Net Profit Margin (%) | 7.91 | 5.92 | 6.44 | 5.50 | 5.43 |
| Basic EPS (₹) | 8.27 | 6.86 | 7.01 | 5.88 | 5.35 |
All figures in Rs Cr, unless mentioned otherwise
Falling Gross NPA and Net NPA
The bank's gross NPA% and Net NPA% have fallen continuously over the past 4-years to 4.98% and 1.5%, respectively. (Source: Standalone Financials)| Annual | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Advances | 25,00,598.99 | 23,74,311.18 | 22,26,853.67 | 19,60,118.54 | 18,96,886.82 |
| Advances Growth (%) | 5.32 | 6.62 | 13.61 | 3.33 | 1.42 |
| Deposits | 37,15,331.24 | 32,74,160.63 | 29,40,541.06 | 27,22,178.28 | 25,99,810.66 |
| Deposits Growth (%) | 13.47 | 11.35 | 8.02 | 4.71 | 15.35 |
| Total Equity | 2,85,187.48 | 2,59,003.95 | 2,40,532.65 | 2,34,937.19 | 2,23,672.79 |
| Total Equity Growth (%) | 10.11 | 7.68 | 2.38 | 5.04 | 19.70 |
| Gross NPA (%) | - | - | - | - | - |
| Net NPA (%) | - | - | - | - | - |
| Capital Adequacy Ratios (%) | - | - | - | - | - |
| Contingent Liabilities | 17,14,239.52 | 12,21,083.11 | 11,21,246.28 | 11,66,334.80 | 11,84,907.82 |
All figures in Rs Cr, unless mentioned otherwise
Increase in Cash from Investing
Company has used Rs 3736.23 cr for investing activities which is an YoY increase of 12.41%. (Source: Consolidated Financials)| Annual | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Net Cash flow from Operating Activities | 89,918.93 | 23,928.53 | 29,556.01 | -96,507.91 | 77,406.00 |
| Net Cash used in Investing Activities | -3,736.23 | -3,323.69 | -856.77 | 11,065.77 | -2,832.12 |
| Net Cash flow from Financing Activities | 7,142.67 | 5,429.52 | 447.64 | 5,547.16 | -4,196.48 |
| Net Cash Flow | 93,391.77 | 28,803.00 | 30,223.16 | -77,908.05 | 68,637.69 |
| Closing Cash & Cash Equivalent | 3,47,707.04 | 2,54,315.26 | 2,25,512.26 | 1,95,289.11 | 2,73,197.16 |
| Closing Cash & Cash Equivalent Growth (%) | 36.72 | 12.77 | 15.48 | -28.52 | 33.55 |
All figures in Rs Cr, unless mentioned otherwise
| Annual | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Return on Equity (%) | 8.89 | 8.69 | 1.09 | -2.21 | 0.13 |
| Return on Assets (%) | 0.46 | 0.47 | 0.05 | -0.12 | 0.00 |
| Cost to Income (%) | 53.21 | 51.27 | 51.93 | 53.53 | 50.19 |
| Interest income to Earning assets (%) | 5.73 | 6.42 | 6.51 | 6.33 | 6.68 |
| Interest Expense to Earning assets (%) | 3.21 | 3.83 | 4.00 | 4.05 | 4.32 |
| Price to Earnings (x) | 14.51 | 8.90 | 125.00 | -49.02 | 1,000.00 |
| Price to Book (x) | 1.29 | 0.77 | 1.36 | 1.09 | 1.28 |
| Price to Sales (x) | 1.17 | 0.65 | 1.13 | 0.97 | 1.01 |
| Operating Profit Margin (%) | -29.82 | -29.63 | -29.32 | -35.70 | -29.76 |
MANAGEMENT DISCUSSION AND ANALYSIS (FY 20-21)
Credit growth matrix
According to data on the sectoral deployment of bank credit for March 2021, credit growth to Agri & and Allied activities has accelerated to 12.3% in March 2021 (4.2% a year ago), the highest since April 2017. Credit growth to industry decelerated marginally to 0.4% (0.7% a year ago) mainly due to credit to large industries, which contracted by 0.8% in March 2021 (as compared with a growth of 0.6% a year ago). This is primarily on account of large industries raising resources from non-bank sources. Credit growth to the services sector decelerated to 1.4% during FY2021 from 7.4% in the previous year, primarily driven down by sharp deceleration in credit growth to NBFCs after a spurt in the preceding year and contraction in credit to professional services. Further, personal loans accounted for one fourth of total bank credit and continued to record double-digit growth of 10.2%, compared to last year growth of 15.0%, led by housing and other personal loans.
Digital growth
While offering products on multiple platforms for portfolio growth with higher profit margins, your Bank has kept in mind the customer?s convenience with Ease of Banking and offered following variants through YONO, i) PAPL (Pre-Approved Personal Loan) ii) PAXC (Pre-Approved Xpress Credit) iii) PAPNL (Pre-Approved Pension Loan) iv) INSTA Top-up for Xpress Credit v) Insta Top-up for Pension Loan Customers can avail the offerings on 24X7 basis, without any physical documentation and branch visit.. The Bank has sanctioned 12.20 lac digital loans involving `19607 crores during the current FY as on Mar?21, out of which two most popular products Xpress Credit and Xpress Credit Top up loans contributed `15065 crores. Checking of PAPL loan eligibility by sending SMS ?PAPL? to 567676 introduced. Bank is using YONO as well as CLP (GOI) platforms for sourcing of proposals along with in-principle sanctions.
Impact of second wave
However, the current financial year has begun with second COVID-19 wave and experts have informed that virus strain has mutated in India. Accordingly, quick immunisation of working population will be the most optimal scenario, which will impact the growth outlook. There is considerable uncertainty on how the demand will pick up in this financial year ? notably it is difficult to predict if capital formation will see sustained recovery. In this backdrop, the Bank?s business needs careful assessment. The business continuity plans chalked out in FY2021 have worked well. Bank?s support under AatmaNirbhar Abhiyan has been satisfactory. But with second wave, more detailed planning will be required. Banks have created contingency buffers to cover losses over and above what was provided. The impact on asset quality of the banks due to second wave needs to be reassessed in respect of possible unexpected losses over and above what has been provided. Bank must resort to recently notified pre package insolvency route to address stress in MSME segment.
Bullish / Bearish signals for State Bank of India basis selected technical indicators and moving average crossovers.
MACD Crossover
Bullish signal on weekly chart
Appeared on: 14 Oct 2021
Region: Positive
| Date | 7 weeks Gain/Loss % |
|---|---|
| 4 Jun 2021 | 0.88% |
| 19 Jun 2020 | 9.76% |
| 8 Nov 2019 | 11.08% |
| 22 Mar 2019 | 13.96% |
Average price gain of 6.88% within 7 weeks of Bullish signal in last 10 years
| R1 | R2 | R3 | PIVOT | S1 | S2 | S3 | |
|---|---|---|---|---|---|---|---|
| Classic | 496.18 | 499.07 | 503.92 | 494.22 | 491.33 | 489.37 | 484.52 |
| 5 DAYS | 14 DAYS | 28 DAYS | |
|---|---|---|---|
| ATR | 11.25 | 11.70 | 11.26 |
Stock Returns vs Nifty 100
Stock gave a 3 year return of 86.4% as compared to Nifty 100 which gave a return of 73.72%. (as of last trading session)Stock Returns vs Nifty Bank
Stock generated 86.4% return as compared to Nifty Bank which gave investors 54.96% return over 3 year time period. (as of last trading session)Choose from Peers
Choose from Stocks
Stock Returns vs Nifty 100
Stock gave a 3 year return of 86.4% as compared to Nifty 100 which gave a return of 73.72%. (as of last trading session)Stock Returns vs Nifty Bank
Stock generated 86.4% return as compared to Nifty Bank which gave investors 54.96% return over 3 year time period. (as of last trading session)4,191.98
Amount Invested (in Cr.)
9.69%
% of AUM
0.00
% Change (MoM basis)
2,457.47
Amount Invested (in Cr.)
9.18%
% of AUM
0.00
% Change (MoM basis)
1,404.30
Amount Invested (in Cr.)
3.64%
% of AUM
0.00
% Change (MoM basis)
MF Ownership as on 30 September 2021
Price
497.606.30 (1.28%)
Open Interest
8,33,38,500-2,410,500 (-2.89%)
| Open | High | Low | Prev Close | Contracts Traded | Turnover (₹ Lakhs) |
|---|---|---|---|---|---|
| 494.35 | 502.00 | 492.15 | 491.30 | 12,156 | 1,81,326.19 |
Open Interest as of 18 Oct 2021
| Meeting Date | Announced on | Purpose | Details |
|---|---|---|---|
| Aug 04, 2021 | Jul 27, 2021 | Board Meeting | Quarterly Results |
| Jun 25, 2021 | Jun 01, 2021 | AGM | - |
| Jun 21, 2021 | Jun 16, 2021 | Board Meeting | Others |
| May 21, 2021 | May 14, 2021 | Board Meeting | Audited Results & Dividend |
| Feb 04, 2021 | Jan 20, 2021 | Board Meeting | Quarterly Results |
| Type | Dividend | Dividend per Share | Ex-Dividend Date | Announced on |
|---|---|---|---|---|
| Final | 400% | 4.0 | Jun 03, 2021 | May 21, 2021 |
| Final | 260% | 2.6 | May 26, 2017 | May 19, 2017 |
| Final | 260% | 2.6 | Jun 03, 2016 | May 16, 2016 |
| Final | 350% | 3.5 | May 28, 2015 | May 22, 2015 |
| Final | 150% | 15.0 | May 29, 2014 | May 14, 2014 |
| All Types | Ex-Date | Record Date | Announced on | Details |
|---|---|---|---|---|
| Splits | Nov 20, 2014 | Nov 21, 2014 | Sep 24, 2014 | Split: Old FV10.0| New FV:1.0 |
| Rights | Jan 28, 2008 | Feb 04, 2008 | Jan 14, 2008 | Rights ratio: 1 share for every 5 held at a price of Rs 1590.0 |
| Rights | Nov 26, 1993 | Dec 24, 1993 | Nov 26, 1993 | Rights ratio: 3 share for every 5 held at a price of Rs 60.0 |
State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 444,401.03 Crore).State Bank of India key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021. Show More
Dinesh Kumar Khara
ChairmanAshwani Bhatia
Managing DirectorAshwini Kumar Tewari
Managing DirectorChalla Sreenivasulu Setty
Managing DirectorJ Swaminathan
Managing DirectorChandan Sinha
Government Nominee DirectorIndustry
Key Indices Listed on
Nifty 50, S&P BSE Sensex, Nifty Bank, + 36 more
Address
State Bank Bhavan,Corporate Centre,Mumbai, Maharashtra - 400021
State Bank of India share price moved up by 1.50% from its previous close of Rs 490.60. State Bank of India stock last traded price is 497.95
| Share Price | Value |
|---|---|
| Today/Current/Last | 497.95 |
| Previous Day | 490.60 |
DATA SOURCES: TickerPlant (for live BSE/NSE quotes service) and Dion Global Solutions Ltd. (for corporate data, historical price & volume, F&O data). Sensex & BSE Quotes and Nifty & NSE Quotes are real-time and licensed from BSE and NSE respectively. All timestamps are reflected in IST (Indian Standard Time).
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