Market Cap: Rs 73,520 crs
52 Week High/ Low: Rs 789/ 495
CMP: Rs 780
During the quarter ended March 31, 2020, the Company had come up with an Initial Public Offering (IPO) of 137,149,314 Equity Shares of face value Rs 10 each comprising of a Fresh Issue of 6,622,516 Equity Shares and an Offer for Sale of 130,526,798 Equity Shares aggregating to Rs.1,034,0.8 crs.
SBI Cards did not perform very well at its IPO and listed 13% below its offer price.
|List Date||IPO||Listing||% Variance||BSE 09/07/2020||% Variance|
|Price in Rs||Price in Rs||List Price over||Price in Rs||Current Price over|
SBI Cards showed a 14% rise in their Q1 profits this year due to higher interest income. There was also a 20% rise in their cards in force showing that they have acquired new customers even during the pandemic with the rate close to pre-pandemic numbers.
Given the rise in cards and an increase in profits, it shows that the new cards distributed by them are being used.
|Year||FV||CMP||Equity||Net Worth||Long Term Debt||Total Income||PAT||BV||EPS||P/E||P/BV||Promoter’s Holdings|
|Rs||Rs||Rs Cr.||Rs Cr.||Rs Cr.||Rs Cr.||Rs Cr.||Rs||Rs||%|
For Q1 2021:
- P/E is annualised
- Networth is calculated
In accordance with the RBI Circulars dated March 27, 2020 and April 17, 2020 with regard to providing relief to borrowers on account of COVI D-19 pandemic, SBI Card has offered a moratorium on credit card dues to eligible borrowers in accordance with a Board approved policy. In this backdrop, The Company, based on current estimates, has created an additional management overlay on Expected Credit Loss (ECL) amounting to Rs 489.25 crs during the quarter and year ended March 31, 2020.