One of India’s biggest public sector banks, State Bank of India (SBI), had a market value of more than crore rupees as of January 2024. Due to its solid fundamentals, solid business model, and outstanding financial performance, the bank’s stock has been a well-liked investment among both retail and institutional investors.
In this piece, we’ll examine the stock of SBI Bank’s probable future performance and forecast its share price goal for the years 2024 to 2030. To predict the bank’s future profits growth and valuation multiples, we will consider its recent financial performance, its competitive landscape, and the current economic conditions.
As of February 9, 2024, SBI is trading at Rs ₹709 per share.
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SBI BANK Q3 Results Highlight
- Q3 standalone net profit: Rs 9,164 crore, down 35% from Rs 14,205 crore YoY.
- Total income: Rs 1,18,193 crore, up from Rs 98,084 crore in the same period last year.
- Interest income: Rs 1,06,734 crore, compared to Rs 86,616 crore in the previous year’s Q3.
- Gross NPAs: 2.42% at December-end, down from 3.14% in the previous year’s Q3.
- Net NPAs: 0.64%, improved from 0.77% in the same period a year ago.
- SBI Group’s consolidated net profit: Rs 11,064 crore, a 29% decline from Rs 15,477 crore in the year-ago quarter.
- Consolidated total income: Rs 1,53,072 crore, up from Rs 1,27,219 crore in the previous fiscal’s Q1.
- Stake acquisition: SBI increased its stake in SBI Pension Funds Pvt Ltd from 60% to 80%, acquiring a 20% stake from SBICAPS for Rs 229.52 crore.
- Overall, Q3 results indicate mixed performance in the banking sector amid challenging conditions.
SBI BANK SHARE PRICE TRGET 2024 to 2025
SBI SHARE PRICE TARGET 2024
| When | Maximum Price | Minimum Price |
| February 2024 | 720.50 | 626.52 |
| March 2024 | 735.20 | 639.31 |
| April 2024 | 713.79 | 620.69 |
| May 2024 | 703.24 | 611.51 |
| June 2024 | 728.56 | 633.53 |
| July 2024 | 721.27 | 627.19 |
| August 2024 | 750.12 | 652.28 |
| September 2024 | 780.13 | 678.37 |
| October 2024 | 764.83 | 665.07 |
| November 2024 | 787.78 | 685.02 |
| December 2024 | 807.47 | 702.15 |
In February 2024, SBI is projected to range between a maximum of 720.50 and a minimum of 626.52. Moving through the year, March 2024 anticipates a maximum of 735.20 and a minimum of 639.31. April is forecasted at a maximum of 713.79 and a minimum of 620.69, followed by May with 703.24 as the maximum and 611.51 as the minimum. June 2024 is expected to see a maximum of 728.56 and a minimum of 633.53. In July, the forecast indicates a maximum of 721.27 and a minimum of 627.19. August anticipates a maximum of 750.12 and a minimum of 652.28. As we move into September, SBI is projected to have a maximum of 780.13 and a minimum of 678.37. October 2024 is expected at a maximum of 764.83 and a minimum of 665.07. In November, the forecast suggests a maximum of 787.78 and a minimum of 685.02. Concluding the year, December 2024 is anticipated to have a maximum of 807.47 and a minimum of 702.15 for SBI.
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SBI SHARE PRICE TARGET 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 823.62 | 633.55 |
| February 2025 | 844.74 | 649.80 |
| March 2025 | 877.68 | 675.14 |
| April 2025 | 860.47 | 661.90 |
| May 2025 | 835.41 | 642.62 |
| June 2025 | 873.01 | 671.54 |
| July 2025 | 855.89 | 658.38 |
| August 2025 | 882.36 | 678.74 |
| September 2025 | 913.24 | 702.49 |
| October 2025 | 936.99 | 720.76 |
| November 2025 | 960.41 | 738.78 |
| December 2025 | 984.42 | 757.25 |
In January 2025, SBI shares are projected to range between a maximum of ₹823.62 and a minimum of ₹633.55. As we move into February, the forecast indicates a maximum of ₹844.74 and a minimum of ₹649.80. In March 2025, SBI shares are anticipated to reach a maximum price of ₹877.68 and a minimum of ₹675.14. April is expected to have a maximum price of ₹860.47 and a minimum of ₹661.90. Moving to May, the maximum and minimum prices are forecasted at ₹835.41 and ₹642.62, respectively. In June 2025, SBI shares are projected to have a maximum price of ₹873.01 and a minimum of ₹671.54. July anticipates a maximum of ₹855.89 and a minimum of ₹658.38. August 2025 is expected to witness SBI with a maximum price of ₹882.36 and a minimum of ₹678.74. As we progress into September, the forecast suggests a maximum of ₹913.24 and a minimum of ₹702.49. October 2025 is anticipated to see a maximum of ₹936.99 and a minimum of ₹720.76. November is expected to have a maximum price of ₹960.41 and a minimum of ₹738.78. Finally, December 2025 is projected to conclude the year with SBI shares having a maximum of ₹984.42 and a minimum of ₹757.25.
SBI BANK SHARE PRICE TARGET 2026 TO 2030
| SBI BANK SHARE PRICE TARGET BY |
Maximum Price | Minimum Price |
| 2026 | ₹1,173.38 | ₹755.17 |
| 2027 | ₹1504.07 | ₹807.14 |
| 2028 | ₹1,706.39 | ₹906.34 |
| 2029 | ₹2100.78 | ₹1409.67 |
| 2030 | ₹2887.65 | ₹1809.33 |
In 2026, SBI Bank shares are expected to have a maximum price of ₹1,173.38 and a minimum of ₹755.17. Moving to 2027, the projected maximum and minimum prices are ₹1,504.07 and ₹807.14, respectively. For the year 2028, SBI shares are anticipated to reach a maximum of ₹1,706.39 and a minimum of ₹906.34. In 2029, the forecast suggests a maximum price of ₹2,100.78 and a minimum of ₹1,409.67. Looking ahead to 2030, SBI shares are expected to have a maximum price of ₹2,887.65 and a minimum of ₹1,809.33.
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FINANCIAL STRENGTH OF SBI (2019 TO 2023)
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
| Revenue | 253,322 | 269,852 | 278,115 | 289,973 | 350,845 |
| Interest | 155,867 | 161,124 | 156,010 | 156,194 | 189,981 |
| Expenses + | 166,104 | 172,909 | 192,821 | 197,349 | 204,303 |
| Financing Profit | -68,649 | -64,181 | -70,715 | -63,570 | -43,439 |
| Financing Margin % | -27% | -24% | -25% | -22% | -12% |
| Other Income + | 77,365 | 98,159 | 107,222 | 117,000 | 122,534 |
| Depreciation | 3,496 | 3,662 | 3,711 | 3,691 | 3,696 |
| Profit before tax | 5,220 | 30,317 | 32,796 | 49,739 | 75,399 |
| Tax % | 41% | 40% | 26% | 27% | 25% |
| Net Profit + | 3,351 | 21,140 | 23,888 | 37,183 | 57,750 |
| EPS in Rs | 2.58 | 22.15 | 25.11 | 39.64 | 62.35 |
| Dividend Payout % | 0% | 0% | 16% | 18% | 18% |
State Bank of India (SBI) has demonstrated consistent financial growth over the past five years, with its revenue steadily increasing from rupees 253,322 crore in March 2019 to rupees 350,845 crore in March 2023. Despite facing challenges in financing, as indicated by the negative financing margin in the earlier years, SBI managed to turn the tide and improve its financing profit, reaching rupees 43,439crore in March 2023. The bank’s strategic financial management is evident in the rising net profit, which climbed from 3,351 crore in March 2019 to an impressive 57,750 crore in March 2023. Additionally, the consistently increasing earnings per share (EPS) and a stable dividend payout percentage reflect SBI’s commitment to delivering value to its shareholder.
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FAQ’s
What is the maximum share price target of SBI in 2026?
The maximum share price target of SBI in 2026 is Rs.1173.38
What is the maximum share price target of SBI in 2027?
The maximum share price target of SBI in 2027 is Rs.1504.07
What is the maximum share price target of SBI in 2028?
The maximum share price target of SBI in 2028 is Rs. 1706.39
What is the maximum share price target of SBI in 2029?
The maximum share price target of SBI in 2029 is Rs.2100.78
What is the maximum price target in 2030?
The maximum share price target of SBI in 2030 is Rs.2887.65
CONCLUSION: IS SBI SHARE IS A GOOD BUY IN 2024?
SBI has demonstrated consistent growth in terms of total income, PAT, and revenue growth based on the financial statements of the previous five years. In the current fiscal year, the bank has decreased provisions and contingencies while managing to maintain a steady net interest margin. The bank appears to be headed for a successful future with a notable increase in PAT growth and a positive basic EPS. Before choosing to invest in SBI shares, it is crucial to take into account other aspects such as market developments, competition, and regulatory changes. In conclusion, long-term investors searching for a dependable and steady banking stock may find success with SBI shares.
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