SBI Cards and Payment Services Analysis (April) 2026

SBI Cards and Paymen...

NSEI:SBICARD

Rp 638,20

+ Rp1,05 (0,16%)

638,20 Rp

+Rp1,05 (0,16%)

End-of-day quote: 04/03/2026

SBI Cards and Payment Services Stock Value

According to analysts, the current valuation of NSEI:SBICARD is Hold.

Hold

SBI Cards and Payment Services Company Info

EPS Growth 5Y

2,69%

Market Cap

Rp607,31 B

Long-Term Debt

Rp107,49 B

Annual earnings

04/23/2026

Dividend

Rp2,49

Dividend Yield

0,39%

Founded

1998

Industry

Financials

Country

India

Website

SBI Cards and Payment Services

ISIN Number

INE018E01016

Website

http://www.sbicard.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Rp820,00

28.49%

Last Update: 04/04/2026

Analysts: 23

Highest Price Target Rp1.026,00

Average Price Target Rp820,00

Lowest Price Target Rp560,00

In the last five quarters, SBI Cards and Payment Services’s Price Target has risen from Rp680,24 to Rp768,81 - a 13,02% increase. Nineteen analysts predict that SBI Cards and Payment Services’s share price will increase in the coming year, reaching Rp820,00. This would represent an increase of 28,49%.

Top growth stocks in the financials sector (5Y.)

What does SBI Cards and Payment Services do?

SBI Cards and Payment Services Limited, a non-banking financial company, issues credit cards to individual and corporate customers in India. Business Segments The company core business segments include Personal Credit Cards, Corporate Credit Cards, Co-branded Cards, and Premium Credit Cards. Personal Credit Cards The Personal Credit Cards segment involves individual customers, offering numerous benefits such as reward points, cashback, and travel discounts. They are designed to cater to vari...

SBI Cards and Payment Services Limited, a non-banking financial company, issues credit cards to individual and corporate customers in India.

Business Segments

The company core business segments include Personal Credit Cards, Corporate Credit Cards, Co-branded Cards, and Premium Credit Cards.

Personal Credit Cards

The Personal Credit Cards segment involves individual customers, offering numerous benefits such as reward points, cashback, and travel discounts. They are designed to cater to various lifestyles and spending habits, thus enabling the company to appeal to a broad audience.

Corporate Credit Cards

The Corporate Credit Cards segment targeting corporate clients, these cards offer enhanced management of employee expenditures, featuring controls that allow organizations to monitor and evaluate spending effectively. Their features may include dedicated limits for each cardholder, expense management tools, and reporting capabilities that assist companies in their financial planning.

Co-branded Cards

The strategic initiative, of the company collaborates with leading brands to provide Co-Branded Credit Cards that come with exclusive offers and benefits associated with those brands. This segmentation creates a unique value proposition for different customer segments, enhancing customer loyalty and satisfaction.

Premium Credit Cards

The catering to high-net-worth individuals, these cards offer a range of luxury benefits such as concierge services, exclusive access to events, and higher reward points on expenditures. This segment focuses on delivered premium service and satisfaction.

Business Strategy

The company follows a comprehensive strategy centered on customer centricity, technological innovation, and sustainable growth. Committed to a Customer First approach, the company enhances digital engagement through mobile applications for card tracking and payment processing, fostering a robust customer ecosystem. It innovates product offerings by launching new card variants and unique features like reward programs to meet evolving customer needs. Strategic partnerships with merchants and service providers enrich user experiences by offering additional benefits. A proactive risk management framework minimizes credit risk and fraud, ensuring customer security. Additionally, sustainability initiatives aim to reduce carbon emissions and promote responsible banking practices, supporting long-term growth and strengthening market leadership while enhancing stakeholder trust and engagement.

Products and Services

The company offers a diverse range of financial products primarily centered on credit cards, each tailored to meet the specific needs of various demographics. Additionally, the company’s Standard Credit Cards provide essential features like credit limits and interest-free periods, making them ideal for newcomers to credit. Reward Cards allow users to earn redeemable points for various products and services, while Travel Cards cater to frequent travelers with added rewards for travel expenses, international usage, and travel insurance perks. Fuel Cards offer discounts and cashback on fuel purchases, appealing to vehicle owners. Additionally, Specialty Cards are designed for students, women, or senior citizens, providing unique benefits that address their specific requirements.

The company also provides valuable services to enhance customer experience. Customers can utilize Online Bill Payment to settle utility bills directly from their credit card accounts, and Automatic Billing allows for setting up recurring payments for subscriptions and services. Additionally, the company also prioritizes customer support with a dedicated team available 24/7 to assist with queries and issues. Their focus on user-friendly interfaces and streamlined processes simplifies account management for customers, ensuring a seamless experience.

Geographical Markets Served

The company predominantly serves the Indian market, leveraging its affiliation with SBI to tap into a vast customer base across urban and rural segments. Its geographical outreach is vast, covering significant metropolitan hubs and extending to smaller cities.

Seasonality

The company operates in a market that exhibits minimal seasonal fluctuations; however, consumer spending patterns may vary during festive seasons where spending increases are observed. Additionally, the company maximizes opportunities during these periods by rolling out promotional offers and reward programs, leading to increased transaction volumes.

Customers

The company serves millions of customers, ranging from individuals to corporate entities. Additionally, the company caters to various customer segments, including high-income individuals, corporate clients, students, and more, offering tailored solutions that encompass a wide range of needs and preferences. This broad customer base is integral to the company’s business model, emphasizing inclusivity and accessibility.

Marketing and Distribution Channels

The company employs several marketing channels ranging from digital marketing, social media advertising, partnerships with retailers, and financial institutions to traditional media channels. This multifaceted approach allows the company to reach diverse customer segments effectively. The distribution channels primarily include online platforms through the company's website and mobile app, direct engagement in physical branches, and partnerships with SBI branches and various merchants ensuring easy accessibility for potential customers.

History

SBI Cards and Payment Services Limited was founded in 1998. The company was incorporated in 1998.

SBI Cards and Payment Services Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Top 3 Markets:** 1. **India:** approx. 85% 2. **Middle East:** approx. 7% 3. **Southeast Asia:** approx. 5% SBI Cards and Payment Services Limited generates the majority of its revenues from the Indian market, which is attributed to the strong presence and brand name of the State Bank of India. T...

At which locations are the company’s products manufactured?

**Production Sites:** No physical production facilities SBI Cards and Payment Services Limited is a financial services company specializing in the issuance of credit cards. As a service company, it does not produce physical products. Instead, it offers financial services, mainly in the form of cred...

What strategy does SBI Cards and Payment Services pursue for future growth?

**Revenue Growth:** 18% (2024) **Profit Growth:** 15% (2024) SBI Cards and Payment Services Limited is pursuing a growth strategy based on expanding its customer base and introducing innovative products. The company plans to strengthen its presence in rural and semi-urban areas of India to tap into...

Which raw materials are imported and from which countries?

**Commodities/Materials:** No specific commodities SBI Cards and Payment Services Limited is a financial services company specializing in credit card issuance. As such, the company does not import physical commodities or materials used in production. Instead, the company focuses on payment service...

How strong is the company’s competitive advantage?

**Market share in India:** 19% (2024) **Customer satisfaction:** 85% (2024) **Net interest margin:** 12.5% (2024) SBI Cards and Payment Services Limited has a significant competitive advantage in the Indian credit card market, highlighted by its high market share of 19%. This positions the co...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 68% (estimated for 2025) **Insider Buys/Sells:** No significant changes in the last year (2024) The institutional investor share in SBI Cards and Payment Services Limited is approximately 68%. This demonstrates a strong trust from institutional investors in the c...

What percentage market share does SBI Cards and Payment Services have?

**Market Share SBI Cards:** 19% (2025, estimated) **Top Competitors and their Market Shares:** 1. **HDFC Bank Credit Cards:** 25% 2. **ICICI Bank Credit Cards:** 20% 3. **SBI Cards and Payment Services Limited:** 19% 4. **Axis Bank Credit Cards:** 15% 5. **Kotak Mahindra Bank Credit Cards:** 10% S...

Is SBI Cards and Payment Services stock currently a good investment?

**Revenue Growth:** 18% (2024) **Profit Growth:** 15% (2024) **Market Share in India:** 19% (2024) SBI Cards and Payment Services Limited recorded strong revenue growth of 18% in 2024, driven by increasing demand for credit cards and digital payment solutions in India. The company is benefiting fro...

Does SBI Cards and Payment Services pay a dividend – and how reliable is the payout?

**Dividend Yield:** 1.2% (2024) **Payout Ratio:** 25% (2024) SBI Cards and Payment Services Limited achieved a dividend yield of 1.2% in 2024. The payout ratio is 25%, indicating that the company distributes a moderate portion of its profits to shareholders. SBI Cards' dividend policy is rela...

New support ticket

Explore

SBI Cards and Payment Services Stock Value

SBI Cards and Payment Services Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the financials sector (5Y.)

What does SBI Cards and Payment Services do?

SBI Cards and Payment Services Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

SBI Cards and Payment Services Stock Value

SBI Cards and Payment Services Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the financials sector (5Y.)

What does SBI Cards and Payment Services do?

SBI Cards and Payment Services Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.