SBI Cards and Payment Services, incorporated in the year 1998, is a small cap company with a market cap of Rs 104,934.43 Crore, operating in financial services sector.
SBI Cards and Payment Services key products/revenue segments include interest, fees & other charges, other services, service charges and commission for the year ending 31-Mar-2020.
Investment rationale
SBI Cards and Payments Services (SBICARD) has strengthened its position as the second largest card player in the country. The company has an o/s card base of ~11.5 million and has doubled its card base over the past three years at an average incremental market share of 23 per cent.
Financials
For the quarter ended 31-12-2020, the company has reported a standalone total income of Rs 2,539.77 crore, up 1.08 per cent from last quarter’s total income of Rs 2,512.73 crore and down 0.91 per cent from last year same quarter’s total income of Rs 2,563.21 crore. Company has reported net profit after tax of Rs 209.66 crore in latest quarter.
Promoter/FII Holdings
Promoters held 69.5 per cent stake in the company as of Sept 30, 2020, while FIIs held 5.9 per cent, DIIs 3.2 per cent and public and others 21.4 per cent.
