SBI Cards Stock Price - ₹661.00 | Financial Services

SBI Cards is rising approximately 4% following a recent analyst meet with Bernstein and increased stake by ICICI Prudential MF to 7.30%. Positive sentiment is further supported by the approval of dividends and FY26 results at the AGM, alongside management commentary highlighting moderating credit costs and strong market share growth. However, the rally lacks strong volume confirmation, trading at 65% below the one-month average, while Morgan Stanley maintains an underweight rating with a target price of ₹530.

12h ago

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Company insights, generated from the most recent coverage.

Market share stands at 18.6% in cards-in-force and 19.5% in spends; management expects credit costs to moderate in H2 FY27 with receivables growth picking up.
Stock surged ~4% on Sep 3 driven by Bernstein analyst meet momentum and ICICI Prudential MF raising stake to 7.30%, indicating renewed institutional interest.
BPCL SBI Card joint venture crossed 5 million cards milestone, aiding expansion into Tier 2 & 3 cities supported by ~6.6% GDP growth tailwinds.

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The Quarter story

The two most recent quarterly results, compared side-by-side.

SBI Cards drives strong spend growth and cleaner loan books, while rising operating costs and margin pressure test efficiency.

GNPA fell from 3.07% to 2.04% from Q1 FY26 to Q1 FY27 — steadily improving loan quality

Cost to Income Ratio rose from 50.3% to 58.7% from Q1 FY26 to Q1 FY27 — rising operational inefficiency

Total spends grew from ₹93,244 Cr to ₹118,475 Cr from Q1 FY26 to Q1 FY27 — robust transaction volume expansion

Net Interest Margin slipped from 11.2% to 10.8% from Q1 FY26 to Q1 FY27 — compressing lending margins

CAR improved from 23.2% to 25.6% from Q1 FY26 to Q1 FY27 — strong capital buffer for future lending

Operating Costs increased from 13.0% to 15.4% from Q1 FY26 to Q1 FY27 — higher cost intensity relative to revenue

Fees and commission income rose from ₹2,191 Cr to ₹2,406 Cr from Q1 FY26 to Q1 FY27 — steady non-interest revenue growth

Yield on assets fell from 17.0% to 16.0% from Q1 FY26 to Q1 FY27 — lower returns on the loan book

Profit After Tax climbed from ₹556 Cr to ₹664 Cr from Q1 FY26 to Q1 FY27 — consistent bottom-line recovery

Market Share in Cards in Force dipped from 19.1% to 18.6% from Q1 FY26 to Q1 FY27 — stagnant position in card issuance

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In the news

SBI Card offers travel benefits for international trips

Credit card spends slip 2.4% YoY in July 2026 despite record issuances

SBI Card faces 34% downside risk as Bernstein cuts target

Google Pay launches second co-branded credit card with SBI Card

SBI Cards gets Neutral rating, target Rs 700: Motilal Oswal

SBI Cards Q1 FY27: Profit Growth Amid Strategic Shifts

SBI Card Q1 profit jumps 20% YoY to ₹664 crore, stock rises 4%

SBI Cards Q1 profit jumps 20% to ₹664.4 cr on lower provisions

SBI Cards Q1 Results Today: Key Metrics to Watch

Kotak Securities picks 3 stocks for short-term gains

5 Stocks to Buy: SBI Cards, JSW Energy, Fortis Healthcare

10 Financial Rule Changes Take Effect From July 1, 2026

SBI Cards Leads May Card Additions as India Crosses 120M Milestone

74% of fraud cases linked to cards, Internet: RBI report

SBI Card Q4FY26: Asset quality improves, growth remains subdued

SBI Cards shares hit ₹623.8, credit card spends cross ₹23.62 trillion

NALCO Hold Rating, ₹395 Target: ICICI Securities

SBI Card shares fall as analysts cut targets post subdued Q4

Piramal Finance shares surge 11% on strong Q4 results, no sell ratings

SBI Cards sells ₹1,800-crore bad loans to Integro Finserv

SBI Cards

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About the company

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