What the business is, and whether it's a good one at a fair price.
Issues credit cards to Indian consumers under its own brand and through co-brand partnerships with BPCL, Tata Neu, Flipkart, Indigo, PhonePe and Google Pay, leveraging the State Bank of India branch network as a primary distribution channel. Earnings come from interest charged on revolving credit-card balances and from card-related fees such as membership, interchange, late-payment and other transaction charges. As of Q1 FY27, it had 2.26 crore cards in force, an 18.6% share of the Indian cards-in-force market and a 19.5% share of card spends, making it the country's largest pure-play credit card issuer. Cardholders put through ₹1,18,475 cr of spends in the quarter (+27% year-on-year), of which retail spends were ₹94,033 cr and 63% of retail spends were online. Receivables on the books stood at ₹58,269 cr; FY26 revenue was ₹19,899.63 cr and FY26 net profit ₹2,166.71 cr, with Q1 FY27 return on assets at 3.9%. Growth is being driven by new card additions of 9 lakh to 1 million per quarter, deeper penetration in tier-2 and tier-3 cities and the convergence of credit cards with UPI through RuPay. The biggest cost driver is the cost of funds on borrowings, with net interest margin at 10.8% in Q1 FY27, while impairment losses on customer defaults (gross credit cost of 6.5% in Q1 FY27) are the key swing factor on profits.
Measured from the filed financials, judged against its Non Banking Financial Company (NBFC) peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
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How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from SBI CARDS & PAY SER LTD's filed financials and exchange disclosures
SBI CARDS & PAY SER LTD is a Finance company listed on NSE and BSE, trading under the symbol SBICARD.
Yes. Over the trailing twelve months SBI CARDS & PAY SER LTD reported a net profit of ₹2,275 Cr on revenue of ₹20,063 Cr.
Yes. The dividend yield is 0.35% at the current price. It paid out 10% of its profit as dividend in FY26.
Effectively yes. It holds ₹2,104 Cr more cash than debt. Debt stands at 0.00× equity.
On trailing P/E, SBI CARDS & PAY SER LTD ranks 137 of 212 in Non Banking Financial Company (NBFC) — cheaper than 36% of them, against an industry median of 18.2×. This is a position, not a valuation judgement.
On a typical session SBI CARDS & PAY SER LTD moves 0.86% — that is the median absolute close-to-close move across its last 268 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by SBI CARDS & PAY SER LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
