SBI Cards & Payment Services Ltd., formerly known as SBI Cards & Payment Services Private Limited, is an Indian credit card company and payment provider. It was introduced in October 1998 as a collaboration between State Bank of India and GE Capital.
The company was acquired by the State Bank of India and The Carlyle Group in December 2017. It is the sole credit card issuer in India that is publicly listed, focusing exclusively on this area of business.
It is a systemically important nonbanking financial company registered with the RBI, focuses on issuing credit cards to Indian consumers. Headquartered in Gurgaon, Haryana, it operates as a subsidiary of the State Bank of India, the country’s largest commercial bank.
The objective of this article is to examine the projected share price of SBI Cards & Payment Services Ltd between 2024 and 2030 and evaluate the potential of investing in SBI Cards & Payment Services Ltd as a favorable stock option.
SBI CARD AND PAYMENT SERVICES SHARES Q3 FY24 Results Review
- SBI Cards and Payment Services Ltd (SBI Card) disclosed its Q3 FY24 results, ending December 31, 2023.
- Net profit rose by 8% year-on-year to ₹549 crore, compared to ₹509 crore in the previous year’s corresponding quarter.
- Total income surged by 30% year-on-year, reaching ₹4,742 crore.
- Gross non-performing assets (GNPAs) increased to 2.64% of gross advances as of December 31, 2023, compared to 2.35% as of March 31, 2023.
- Finance costs escalated by 50% in the December quarter compared to the previous fiscal year.
- Total expenses rose to ₹4,004.01 crore in the December quarter of FY24 from ₹2,971.82 crore in the same period of the previous fiscal year.
- Cardholder spending witnessed a significant uptick, surging by 41% to ₹96,860 crore during the reported third quarter.
- SBI Card raised funds through issuing non-convertible debentures (NCDs) worth ₹525 crore, carrying a coupon rate of 8.33%.
- Shares of SBI Cards and Payment Services Ltd rose by 1.88% to end at ₹761.00 on the NSE on Thursday following the announcement of the Q3 FY24 results.
HOW TO BUY SBI CARD AND PAYMENT SERVICES SHARES?
You can buy SBI Card & Payment Services shares from the following trading platforms:
- Zerodha
- Upstox
- Groww
- AngleOne
- ICICIDirect
SHARE PRICE PREDICTION OF SBI CARD AND PAYMENT SERVICES: 2024 TO 2030
SHARE PRICE TARGET 2024 OF SBI CARD AND PAYMENT SERVICES
| When | Maximum Price | Minimum Price |
| April 2024 | 696.30 | 605.48 |
| May 2024 | 686.01 | 596.53 |
| June 2024 | 710.71 | 618.01 |
| July 2024 | 703.60 | 611.83 |
| August 2024 | 731.74 | 636.30 |
| September 2024 | 761.01 | 661.75 |
| October 2024 | 746.09 | 648.77 |
| November 2024 | 775.93 | 674.73 |
| December 2024 | 783.69 | 681.47 |
In April 2024, SBI Cards and Payment Services is expected to witness a maximum price of 696.30 and a minimum price of 605.48. As the months progress, there is a consistent upward trend, with May seeing a maximum of 686.01 and a minimum of 596.53, and June showcasing further growth with a maximum of 710.71 and a minimum of 618.01. By December 2024, SBI Cards and Payment Services is projected to reach its peak for the year, with a maximum price of 783.69 and a minimum of 681.47, reflecting a steady increase throughout the year.
SHARE PRICE TARGET 2025 OF SBI CARD AND PAYMENT SERVICES
| When | Maximum Price | Minimum Price |
| January 2025 | 784.48 | 603.44 |
| February 2025 | 786.05 | 604.65 |
| March 2025 | 802.56 | 617.35 |
| April 2025 | 786.82 | 605.25 |
| May 2025 | 763.90 | 587.62 |
| June 2025 | 798.28 | 614.06 |
| July 2025 | 782.63 | 602.02 |
| August 2025 | 806.83 | 620.64 |
| September 2025 | 816.51 | 628.09 |
| October 2025 | 837.74 | 644.42 |
| November 2025 | 858.69 | 660.53 |
| December 2025 | 897.33 | 690.25 |
As we step into January 2025, SBI Cards and Payment Services is expected to witness a maximum price of 784.48 and a minimum price of 603.44. Progressing through the months, February is projected to see a maximum of 786.05 and a minimum of 604.65, while March is anticipated to bring further growth with a maximum of 802.56 and a minimum of 617.35. The trend continues throughout the year, culminating in December 2025, where SBI Cards and Payment Services is forecasted to reach its peak with a maximum price of 897.33 and a minimum of 690.25, indicating sustained positive momentum and market dynamics.
SBI CARD AND PAYMENT SERVICES SHARE PRICE PREDICTION 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹1,104.69 | ₹710.96 |
| 2027 | ₹1,346.77 | ₹866.76 |
| 2028 | ₹1,641.91 | ₹1,056.70 |
| 2029 | ₹2,001.71 | ₹1,288.27 |
| 2030 | ₹2,440.37 | ₹1,570.58 |
In the upcoming years, there is a consistent pattern of upward movement expected in both the maximum and minimum prices of the asset. By 2026, the maximum price is projected to reach ₹1,104.69, with the minimum price anticipated to be ₹710.96. As we progress to 2027, both figures are forecasted to increase, with the maximum price reaching ₹1,346.77 and the minimum price rising to ₹866.76. Continuing into 2028, this trend persists, with the maximum and minimum prices expected to climb to ₹1,641.91 and ₹1,056.70 respectively. Substantial growth is foreseen in 2029 and 2030, with the maximum and minimum prices predicted to reach ₹2,001.71 and ₹1,288.27 in 2029, and ₹2,440.37 and ₹1,570.58 in 2030 respectively. These projections suggest a promising outlook for the asset’s value in the years to come.
FINANCIAL CONDITION OF SBI CARD AND PAYMENT SERVICES: LAST 5 YEARS
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Revenue | 7,017 | 9,281 | 9,301 | 10,679 | 13,670 |
| Interest | 1,009 | 1,301 | 1,043 | 1,027 | 1,648 |
| Expenses | 4,887 | 6,618 | 7,223 | 7,953 | 9,444 |
| Financing Profit | 1,121 | 1,362 | 1,034 | 1,699 | 2,575 |
| Financing Margin % | 16% | 15% | 11% | 16% | 19% |
| Other Income | 270 | 471 | 413 | 622 | 619 |
| Depreciation | 55 | 104 | 123 | 149 | 16 |
| Profit before tax | 1,335 | 1,730 | 1,324 | 2,172 | 3,031 |
| Tax % | 35% | 28% | 26% | 26% | 25% |
| Net Profit | 865 | 1,245 | 985 | 1,616 | 2,258 |
| EPS in Rs | 10.33 | 13.26 | 10.47 | 17.14 | 23.87 |
| Dividend Payout % | 10% | 8% | 0% | 15% | 10% |
In 2019, the company recorded a revenue of ₹7,017 Cr, which increased to ₹9,281 Cr in 2020 and further to ₹9,301 Cr in 2021. The revenue continued to rise, reaching ₹10,679 Cr in 2022 and ₹13,667 Cr in 2023.
Despite the rise in expenses, the company managed to maintain a healthy financing profit, which was ₹1,121 crore in 2019 and expected to grow to ₹2,575 crore in 2023. The financing margin percentage also improved from 16% in 2019 to an estimated 19% in 2023, showcasing the company’s profitability.
The earnings per share (EPS) also followed a similar trend, starting at ₹10.33 in 2019 and reaching ₹23.87 in 2023. The dividend payout percentage varied over the years, ranging from 0% in 2021 to 15% in 2022. Overall, SBI Cards & Payment Services Ltd has demonstrated positive financial performance with significant revenue growth, increasing profits, and improving EPS over the years.
FAQS
What Is the Revenue Trend of SBI Cards And Payment Services in Recent Years?
The revenue of SBI Cards & Payment Services Ltd has shown consistent growth, increasing from ₹7,017 Cr in 2019 to ₹13,667 Cr in 2023.
What Are the Earnings Per Share (EPS) Of SBI Cards And Payment Services?
The EPS of SBI Cards & Payment Services Ltd has shown an upward trend, starting at ₹10.33 in 2019 and reaching ₹23.87 in 2023.
What Is the Share Price Target of SBI Cards And Payment Services For 2025?
SBI Cards and Payment Services share price might reach around ₹897.33 by the end of 2025.
What Is the Share Price Target of SBI Cards And Payment Services For 2030?
SBI Cards and Payment Services share price might reach around ₹2,440.37 by the end of 2030.
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CONCLUSION
Based on the provided information, investing in SBI Card and Payment Services appears to be a promising opportunity with consistent growth in revenue and profitability over the years. The company has shown resilience in navigating challenges, such as the impact of the pandemic, and has maintained a steady upward trajectory. The company has shown consistent revenue growth over the years, reaching ₹13,667 Cr in 2023.
SBI Card and Payment Services’ earnings per share (EPS) have also experienced a positive trend, with an estimated value of ₹23.87 in 2023. This suggests that the company’s profitability is translating into increased shareholder value.
Overall, SBI Card and Payment Services showcases a track record of steady growth, profitability, and prudent financial management. These factors suggest that the company has the potential to deliver long-term value for investors. However, it is essential for investors to conduct thorough research, consider market conditions, and evaluate their own risk appetite before making any investment decisions.
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