Sbi Cards And Payment Services Limited
SBI Cards is the second-largest player (by CIF) in the credit card business with 1.89 crore CIF and market share of 18.6% as on March 31, 2024. Spend for fiscal 2024 was Rs 329,589 crore, compared with Rs 262,498 crore in fiscal 2023 (Rs 186,353 cror...
Key Metrics
EPS
25.32
Current ratio
0.14
Debt/Equity
3.81
Debt/EBITDA
13.44
Interest coverage ratio
0.00
Operating Cashflow to total debt
-0.12
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Expectation of strong support from SBI
Improving market position
Profitability, despite momentary moderation, remains strong
Liquidity: Superior
Cons
Susceptibility to risks inherent in the credit card business
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About Sbi Cards And Payment Services Limited bond.
This comprehensive profile covers key factual information about Sbi Cards And Payment Services Limited. SBI Cards is the second-largest player (by CIF) in the credit card business with 1.89 crore CIF and market share of 18.6% as on March 31, 2024. Spend for fiscal 2024 was Rs 329,589 crore, compared with Rs 262,498 crore in fiscal 2023 (Rs 186,353 crore in fiscal 2022). Networth stood at Rs 12,084 crore as on March 31, 2024. Profit after tax (PAT) was Rs 2,408 crore on total income (net of finance cost) of Rs 14,888 crore in fiscal 2024, as against Rs 2,258 crore on Rs 12,638 crore, respectively, in fiscal 2023. ROA (calculated) stood at 4.6%, compared with 5.6% during the said period. EPS in Mar-2024 was 25.32. Current ratio in Mar-2024 was 0.14. Debt/Equity in Mar-2024 was 3.81. Debt/EBITDA in Mar-2024 was 13.44. Interest coverage ratio in Mar-2024 was 0.00. Operating Cashflow to total debt in Mar-2024 was -0.12. Total revenue for Mar-2025(E) was ₹18519.56. Net income for Mar-2025(E) stood at ₹2782.57. Total assets as of Mar-2024 were ₹58,171.23. Operating cash flow for Mar-2024 was ₹-5,451.54. The company’s borrowing relationships include State Bank of India (₹N/A Cr), The Hongkong and Shanghai Banking Corporation Limited (₹N/A Cr), Central Bank Of India (₹N/A Cr), Bank of India (₹N/A Cr), Bank of Baroda (₹N/A Cr), Sumitomo Mitsui Banking Corporation (₹N/A Cr), Punjab National Bank (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr), (₹N/A Cr), (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), The Hongkong and Shanghai Banking Corporation Limited (₹N/A Cr), Punjab National Bank (₹N/A Cr), Indian Bank (₹N/A Cr). Peers and comparison entities consist of Sbi Cards And Payment Services Limited, One MobiKwik Systems Limited, Bartronics India Limited, WSFx Global Pay Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Expectation of strong support from SBI; Improving market position; Profitability, despite momentary moderation, remains strong; Liquidity: Superior. Key risks include: Susceptibility to risks inherent in the credit card business. Leadership team details include Abhijit Chakravorty (Managing Director & CEO), Anita Richard Sontumyra (Executive Vice President), Anuradha Shripad Nadkarni (Independent Director), Ashutosh Kumar Sharma (Chief Operating Officer), Ashwini Kumar Tewari (Nominee Director), Dinesh Kumar Khara (Chairman), Dinesh Kumar Mehrotra (Independent Director), Girish Budhiraja (Executive Vice President), Manish Dewan (Executive Vice President), Nandini Malhotra (Executive Vice President), Nitin Chugh (Nominee Director), Payal Mittal Chhabra (Company Secretary & Compliance Officer), Pradeep Singh Khurana (Executive Vice President), Rajendra Kumar Saraf (Independent Director), Rashmi Mohanty (CFO & Executive Vice President), Rinku Sharma (Executive Vice President), Shantanu Srivastava (Executive Vice President), Shriniwas Yeshwant Joshi (Independent Director), Tejendra Mohan Bhasin (Independent Director), Ved Prakash (Executive VP & Head), Vishal Singh (Executive VP & Head). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.