Share of SBI Cards and Payment Services Ltd is currently trading at around Rs.917/-. Existing as well as Prospective Investors are asking for SBI Card Share Price Target 2025 as well as targets for 2030,2035 & 2040. In this article, we will discuss about the business prospects and financial performance of the Company and based on our discussion and analysis will tell you about the SBI Card Share Price Target 2025 as well as targets for 2030, 2035 and 2040.
Discussion & Analysis of Business & Financial performance with future Business Prospects of SBI Cards and Payment Services Ltd:
SBI Cards and Payment Services Ltd (SBI Card), a prominent player in India’s credit card market, has experienced a mix of growth and challenges in its recent financial performance.
Current Business Performance
In the fourth quarter of FY24, SBI Card reported a net profit of ₹662 crore, marking an 11% increase compared to ₹596 crore in Q4 FY23. Total revenue for the quarter rose by 14% year-on-year to ₹4,475 crore. Interest income saw a significant rise of 28% to ₹2,139 crore, while fee and commission income grew by 6% to ₹2,209 crore
For the full fiscal year 2023-24, the company achieved a profit after tax (PAT) of ₹2,408 crore, up 7% from the previous year. Total income increased by 22% to ₹17,484 crore. The balance sheet expanded to ₹58,171 crore as of March 31, 2024, from ₹45,546 crore a year earlier
However, the company faced challenges in subsequent quarters. In Q2 FY25, net profit declined by 33% year-on-year to ₹404 crore, primarily due to increased impairment losses and bad debts, which rose by 63% to ₹1,212 crore. Gross Non-Performing Assets (NPA) increased to 3.27% from 2.43% in the same quarter of the previous year
The trend continued in Q3 FY25, with net profit dropping by 30% year-on-year to ₹383.2 crore. This decline was attributed to higher NPAs and write-offs, with gross NPAs rising to 3.24% and net NPAs to 1.18%. Impairment on financial instruments surged by 49% to ₹1,313
Future Business Prospects
Despite recent profitability pressures, SBI Card maintains a strong market position. As of Q2 FY25, the company had 1.96 crore cards in force, reflecting a 10% year-on-year growth. Receivables grew by 23% to ₹55,601 crore, indicating robust credit demand
To enhance its product offerings, SBI Card launched ‘SBI Card MILES’ in April 2024, a travel-focused credit card available in three variants—ELITE, PRIME, and standard—on the Mastercard and RuPay networks. This initiative aims to cater to the growing travel segment and diversify revenue streams
Looking ahead, SBI Card’s prospects are tied to its ability to manage asset quality and adapt to the evolving credit environment. The company’s efforts to expand its customer base and introduce targeted products position it well for future growth. However, sustained focus on risk management and operational efficiency will be crucial to navigate the challenges in the credit card industry.
Share Price Targets:
SBI Card Share Price Target 2025
Based on the above discussion and analysis, the share price of SBI Cards and Payment Services Ltd is likely to touch the level of around Rs.1000-1100 in 2025
SBI Card Share Price Target 2030
Based on the above discussion and analysis, the share price of SBI Cards and Payment Services Ltd is likely to touch the level of around Rs.2000-2200 in 2030
SBI Card Share Price Target 2035
Based on the above discussion and analysis, the share price of SBI Cards and Payment Services Ltd is likely to touch the level of around Rs.3800-4000 in 2035
SBI Card Share Price Target 2040
Based on the above discussion and analysis, the share price of SBI Cards and Payment Services Ltd is likely to touch the level of around Rs.7500-8000 in 2040
Disclaimer: Investments in Capital Market/Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general Guidance & Educational purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. News4You does not offer investment advice and does not encourage any action based on its content.
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