banking

State Bank of India

SBIN · Nifty 50

₹1,026.5

Price 2026-06-17

BROAD EXPANSION73% confidence

At a Glance

ValuationPE 11.2 (67%ile of 5Y range 9-12). Trading near median.

Sector Positionbanking sector. Flow: neutral. is not among current leaders. Regime: BROAD EXPANSION (73%).

Fundamental Score75/100 (STRONG). 4 positive flags, 2 concerns.

Historical Context180 similar technical setups. Average outcome: -9.1% decline. 0% positive.

Revenue TrendRevenue growing at 7.1% YoY. Moderate revenue growth — 7.1% YoY

Bank HealthROA 0.75% · PB 1.6 · Asset growth 13.8%.

Fundamental

75/100

STRONG

Trust

90/100

Verification

Coverage

89/100

HIGH

Quick Take

State Bank of India scores 75/100 on fundamentals (strong). State Bank of India: PE above historical average. BROAD EXPANSION regime.

Fundamental Score: 75/100 · STRONG · 1 signals detected

DuPont Analysis

ROE 10.4% broken into three drivers. Each shows how efficiently the company generates returns.

ROE10.4%=

20.9%Net Margin

0.0xTurnover

14.0xLeverage

ROE of 10.44% is moderate leverage-driven and stable. Net margin of 20.9% × asset turnover of 0.04x × leverage of 14.0x. High leverage amplifies returns but increases risk. Low asset turnover is normal for banks.

What This Means

Net margin of 20.9% means the company keeps ₹20.9 as profit for every ₹100 of revenue. This is a healthy margin. Asset turnover of 0.04x means the company generates ₹0.04 of revenue for every ₹1 of assets. This is a capital-heavy business. Leverage of 14.0x means the company uses significant debt. Higher leverage amplifies returns but also risk.

Margin Structure

Gross

100.0%

Operating

Net

20.9%

stable

Financial Health

Peer Comparison

State Bank of India is compared against 10 peers in the banking sector.

AUBANK AXISBANK BANDHANBNK BANKBARODA BANKINDIA CANBK FEDERALBNK HDFCBANK ICICIBANK IDFCFIRSTB

Bank Metrics

Return on Assets

0.75%

Benchmark: >1%

Efficiency Ratio

79.1%

Lower is better

Asset Growth

+13.8%

Year over year

PB Ratio

1.6x

Price to book

ROA of 0.75% is adequate (benchmark: >1% for banks). P/B of 1.57x — trading above book. Reasonable valuation for a bank.

Key Watchpoints

🟢

Breaks above ₹1078 (+5%)

Trend reversal confirmation

🔴

Breaks below ₹975 (-5%)

Further downside risk

🟡

PE reverts to 5Y median of 10.8

Valuation normalization

🟢

Banking sector entering leadership

Sector rotation signal

Detected Patterns

✅ Strong Loan Book Growth: Assets growing 13.8% — loan book expansion

Risk Flags

⚠️ 2 Warning✅ 4 Positive6 total flags

⚠️Working capital changes are 188% of operating cash flow

Cash Flow

Working capital is consuming significant cash. Operational efficiency declining.

⚠️Board risk elevated: 9/10

Governance

Governance structure concerns. Independent director representation may be weak.

✅Minimal unusual items — clean earnings

Earnings Quality

Profits are from core operations, not one-offs. High quality.

✅High promoter holding: 57%

Governance

Strong insider alignment. Promoters have significant skin in the game.

✅PEG ratio: 0.5x — attractive growth-adjusted valuation

Valuation

Growth available at reasonable price. Favourable risk-reward.

✅Strong analyst consensus: strong_buy (38 analysts)

Valuation

Mean recommendation: 1.5/5 (1=Strong Buy, 5=Strong Sell). Institutional confidence is high.

➡️ 6 flags — 4 positive, 2 warning. Mixed profile.

Data Quality

90/100All ratios self-computed from verified sources. Multi-year data.

News Correlation

margin pressure (4)management outlook (4)

50 articles scanned for fundamental themes

Facts

P/E Ratio

11.2HIGH

P/B Ratio

1.6HIGH

ROE

15.5%HIGH

Market Cap

₹93889232.9L CrHIGH

From 52W High

83% of high

Promoter Holding

57.0%MODERATE

Institutional

29.9%

Sector Peers

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