State Bank of India
NSE: SBINState Bank of India: A 30-second snapshot
State Bank of India (SBIN) trades at ₹1,035.10, up 33% over one year and currently above both its 50-DMA (₹1,012.02) and 200-DMA (₹982.26). At a trailing PE of 11.36, it is the lowest-valued among six tracked banking-sector peers, with ROE of 15.48% ranking second in the peer group. The board recently approved raising up to ₹60,000 crore via bonds following a record FY26 profit.
P/E
11.4
Forward P/E
10.1
ROE
+15.5%
Debt / Equity
—
Profit Margin
+22.1%
Div. Yield
+1.7%
5Y ROE > 15%
—
5Y FCF > 0
—
Quality
66/100
News
8 headlines · 3 positive · 0 negative
State Bank of India board approves raising up to Rs 60,000 cr via bond issuance - Business Standard
Business Standard
SBI transfers Rs 8,813 crore dividend to government after record FY26 profit - Moneycontrol.com
Moneycontrol.com
Top Indian state lenders eye first dollar bonds since RBI subsidy, sources say - Reuters
Reuters
Buy State Bank of India Ltd for the Target Rs.1,300 by Motilal Oswal Financial Services Ltd - Investment Guru
Investment Guru
Department of Financial Services Organises Credit Outreach Programme at Agartala, Tripura - PIB
PIB
Recent context
- ·SBI's board approved raising up to ₹60,000 crore through bond issuance (June 18, 2026), following a record FY26 profit that resulted in an ₹8,813 crore dividend payment to the government (June 8, 2026).
- ·Indian state lenders including SBI are reportedly exploring first dollar bond issuances following RBI subsidy arrangements, according to Reuters (June 12, 2026).
- ·News sentiment across 8 recent items skews neutral-to-positive (3 positive, 5 neutral, 0 negative), with no negative headlines in the tracked window.
Strengths
- +Lowest PE among 6 tracked peers at 11.36 (next closest: Axis Bank at 16.10; Bajaj Finance at 31.65), with forward PE compressing further to 10.14.
- +ROE of 15.48% ranks 2nd of 6 peers and exceeds private-sector peers HDFC Bank (13.82%) and Axis Bank (13.15%).
- +Quality score of 51 ranks 1st of 6 in the peer set, ahead of HDFC Bank (47) and Axis Bank (50).
- +Dividend yield of 1.68% is present alongside a reported FY26 record profit and ₹8,813 crore dividend transfer to the government.
Weaknesses
- −5-year earnings CAGR of -3.1% contrasts with 7.1% revenue growth, indicating that earnings have not kept pace with the top line over the measurement period.
- −All fundamental persistence metrics — ROE years above 15%, FCF positive years, debt trend, and consistency score — are null, making multi-year capital-efficiency assessment impossible from available data.
- −Board approval to raise up to ₹60,000 crore via bonds represents incremental leverage activity; the effect on the bank's capital adequacy ratios has not been quantified in available disclosures.
- −At 14.65% below the 52-week high, the stock faces overhead resistance at ₹1,065.79, ₹1,088.38, and ₹1,101.10 before reaching prior peak levels.
Open questions
- ?Does the -3.1% 5-year earnings CAGR reflect sector-wide provisioning cycles that have since normalised, or does it indicate a structural drag on SBI's profitability?
- ?How does SBI's planned ₹60,000 crore bond raise affect its capital adequacy ratio, and at what level would that ratio require monitoring against RBI norms?
- ?Is the valuation discount to private-sector peers (PE 11.36 vs HDFC Bank 17.42) a function of government ownership overhang, earnings quality differences, or both?
- ?What portion of SBI's revenue growth of 7.1% over five years is attributable to loan book expansion versus fee income, and how does the credit quality trend compare to peers over the same period?
Peer comparison: Banking
Ranks 1 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| SBIN | State Bank of IndiaYou're viewing | 11.4 | +15.5% | 51 |
| Industry avg | across 5 peers | 32.2 | +14.2% | 38 |
| BAJFINANCE | Bajaj Finance Ltd. | 31.6 | +17.9% | 51 |
| AXISBANK | Axis Bank Ltd. | 16.1 | +13.2% | 50 |
| HDFCBANK | HDFC Bank Ltd. | 17.4 | +13.8% | 47 |
| BAJAJFINSV | Bajaj Finserv Ltd. | 29.0 | +14.6% | 23 |
| HDFCLIFE | HDFC Life Insurance Company Ltd. | 66.9 | +11.3% | 20 |
Technical state
Current price
₹1,035.10
SMA 50
₹1,012.02
SMA 200
₹982.26
RSI (14)
64.0 (neutral)
From 52w high
-14.7%
1Y return
+33.0%
3M return
+0.5%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- medium5-year earnings CAGR of -3.1% against revenue growth of +7.1% signals that provisioning charges or operating costs have outpaced top-line gains; profit margin is 22.11% but sustained earnings momentum has been negative across the measurement window.
- mediumAll persistence metrics — ROE years above 15%, FCF positive years, debt trend, and consistency score — are unavailable, limiting any assessment of capital-efficiency durability across a credit cycle.
- lowStock is 14.65% below its 52-week high despite recovering above both the 50-DMA (₹1,012.02) and 200-DMA (₹982.26); nearest resistance sits at ₹1,065.79, leaving a 2.9% gap before the first overhead level.
- lowNews sample is sparse at 8 items over the tracked period; board approval to raise up to ₹60,000 crore via bonds introduces incremental leverage, though the direct impact on capital ratios has not been disclosed in available headlines.
Cross-section contradictions
- 5-year earnings CAGR is -3.1% yet SBIN ranks 1st of 6 peers on PE (11.36 vs sector range 16.1–66.9) and quality score, and 2nd on ROE (15.48%) — whether the valuation discount reflects earnings contraction or a genuine sector-relative advantage is not resolved by available data.
- 1-year price change is +33% but the 3-month change is only +0.46%, indicating that most annual gains preceded the recent quarter and momentum has flattened despite above-200-DMA positioning.
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 21 Jun 2026 · rotates through NIFTY 500 every ~5 days