SBI Cards and Payment Services Ltd.
NSE: SBICARDSBI Cards and Payment Services Ltd.: A 30-second snapshot
SBI Cards and Payment Services (SBICARD) trades at ₹631.55, down 29.44% over the past 12 months and 17.25% over the past 3 months, with the price sitting 21.2% below its 200-DMA (₹801.26) and 38.3% off the 52-week high. Q4 FY26 net profit grew 14% YoY to ₹609 crore on revenue of ₹4,934.50 crore (+5.57% YoY), though the trailing PE of 27.5 remains above banking peers such as HDFCBANK (17.1) and AXISBANK (14.7). The quality score of 45 out of 100 ranks 4th among 6 sector peers.
P/E
27.5
Forward P/E
17.2
ROE
+14.7%
Debt / Equity
280.21
Profit Margin
+18.3%
Div. Yield
+0.4%
5Y ROE > 15%
2/5
5Y FCF > 0
1/5
Quality
43/100
News
8 headlines · 6 positive · 1 negative
SBI Card slips 3% on posting Q4 results; Motilal Oswal, Emkay trim targets - Business Standard
Business Standard
SBI Card Standalone March 2026 Net Sales at Rs 4,934.50 crore, up 5.57% Y-o-Y - Moneycontrol.com
Moneycontrol.com
SBI Card Q4 Results: Net profit rises 14% YoY to Rs 609 crore, revenue up 6% - The Economic Times
The Economic Times
SBI Card Q4 Results: Profit up 13% to Rs 2,167 crore, spends jump 31% – Check full earnings details - Zee Business
Zee Business
SBI Cards Q4 Results: Profit Rises 14% To Rs 609 Crore - NDTV Profit
NDTV Profit
Recent context
- ·Q4 FY26 earnings released 2026-04-27: net profit ₹609 crore (+14% YoY), revenue ₹4,934.50 crore (+5.57% YoY), card spends +31% YoY — the headline numbers were positive but Motilal Oswal and Emkay each cut price targets post-result per Business Standard (2026-04-28).
- ·The stock slipped 3% on the day of Q4 results despite the profit beat, reflecting market focus on revenue growth deceleration (5.57% YoY) versus the 18.6% 5-year average — a deceleration that analysts flagged in revised estimates.
- ·RSI at 36.35 approaches oversold territory (below 40); the nearest support level is ₹615.50, while resistance levels cluster at ₹700.40, ₹733.00, and ₹797.71 — the latter roughly coinciding with the 200-DMA at ₹801.26.
Strengths
- +5-year revenue CAGR of 18.6% reflects sustained top-line expansion in the credit card segment, with Q4 FY26 card spends up 31% YoY demonstrating continued transaction volume growth.
- +Q4 FY26 net profit of ₹609 crore represents 14% YoY growth, and forward PE of 17.2 is below trailing PE of 27.5, suggesting the market is pricing in earnings expansion over the next 12 months.
- +ROE of 14.69% is the second-highest among the 6 sector peers (BAJFINANCE leads at 17.91%), indicating relatively competitive capital efficiency within the NBFC/banking group.
- +Near-term technical support is identified at ₹615.50, approximately 2.5% below current price, with first resistance cluster at ₹700.40.
Weaknesses
- −Price has declined 29.44% over 12 months and 17.25% over 3 months, trading 21.2% below the 200-DMA (₹801.26) — indicative of persistent selling pressure with no recovery to the long-term moving average.
- −Debt-to-equity of 280.2 is rising; FCF was positive in only 1 of the measured years, and the consistency score of 24 out of 100 is the lowest in the peer group alongside BAJAJFINSV (23), limiting financial flexibility relative to the sector.
- −ROE of 14.69% exceeded 15% in only 2 of the measured years and the 5-year earnings CAGR (13.9%) trails revenue CAGR (18.6%), reflecting margin compression over the business cycle that limits quality-of-earnings durability.
- −After Q4 results, Motilal Oswal and Emkay trimmed price targets despite headline profit growth, indicating analyst concern about the forward earnings trajectory; mean analyst rating stands at 3.12 across 24 analysts (1–5 scale, lower = more constructive).
Open questions
- ?Does the deceleration in revenue growth to 5.57% YoY in Q4 FY26 from the 5-year average of 18.6% represent a structural shift in credit card penetration dynamics, or a temporary slowdown driven by macro credit conditions?
- ?Given that D/E of 280.2 is rising and FCF has been positive in only 1 measured year, how does management plan to fund future growth, and what does the cost-of-funds trajectory look like relative to the lending yield?
- ?The trailing PE of 27.5 remains elevated versus HDFCBANK (17.1) and AXISBANK (14.7) despite the 29.44% price decline — what profitability or growth metrics would need to sustainably improve to justify the premium to larger banking peers?
- ?With Motilal Oswal and Emkay trimming targets post-Q4, what specific forward guidance or credit-cost assumptions are driving the analyst estimate revisions, and how does the company's NPA trajectory compare to the broader unsecured-lending segment?
Peer comparison: Banking
Ranks 4 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| SBICARD | SBI Cards and Payment Services Ltd.You're viewing | 27.5 | +14.7% | 45 |
| Industry avg | across 5 peers | 31.7 | +14.2% | 39 |
| AXISBANK | Axis Bank Ltd. | 14.7 | +13.2% | 53 |
| BAJFINANCE | Bajaj Finance Ltd. | 29.9 | +17.9% | 53 |
| HDFCBANK | HDFC Bank Ltd. | 17.1 | +13.8% | 47 |
| BAJAJFINSV | Bajaj Finserv Ltd. | 28.3 | +14.6% | 23 |
| HDFCLIFE | HDFC Life Insurance Company Ltd. | 68.5 | +11.3% | 20 |
Technical state
Current price
₹631.55
SMA 50
₹675.90
SMA 200
₹801.26
RSI (14)
36.4 (neutral)
From 52w high
-38.3%
1Y return
-29.4%
3M return
-17.3%
50-DMA
Below
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highPrice is 38.3% below the 52-week high and down 29.44% over 12 months; at ₹631.55 the stock trades 6.6% below its 50-DMA (₹675.90) and 21.2% below its 200-DMA (₹801.26), with RSI at 36.35 — below the 200-DMA for an extended period indicating sustained price deterioration.
- highDebt-to-equity of 280.2 is structurally elevated; FCF was positive in only 1 of the measured years with a rising debt trend, compressing the margin of safety even accounting for the NBFC/credit-card business model where high leverage is typical.
- mediumROE of 14.69% exceeded 15% in only 2 of the measured years; consistency score of 24 out of 100 indicates uneven profitability. 5-year earnings CAGR of 13.9% trails 5-year revenue CAGR of 18.6%, pointing to margin dilution over the cycle.
- mediumAfter Q4 results (net profit +14% YoY, revenue +5.57% YoY), Motilal Oswal and Emkay trimmed price targets per Business Standard dated 2026-04-28 — analysts reduced estimates despite headline profit growth, signalling concern about earnings quality or forward trajectory.
Cross-section contradictions
- Q4 net profit rose 14% YoY and card spends jumped 31%, yet the stock fell on results day and multiple brokers cut price targets — the market appears to be re-rating the quality or sustainability of earnings rather than the headline growth number.
- News sentiment aggregate registers positive (6 positive vs 1 negative out of 8 articles) while the stock is down 29.44% over 12 months — headline tone diverges materially from price action.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 15 May 2026 · rotates through NIFTY 500 every ~5 days