SBI Card shares down 0.11% as Nifty gains

NEW DELHI: Shares of SBI Cards and Payment Services Ltd. traded 0.11 per cent down in Thursday's trade at 12:56PM (IST). Around 5,616 shares changed hands on the counter.

The counter opened at Rs 754.55 and touched an intraday high and low of Rs 759.75 and Rs 753.5, respectively, in the session so far. The stock of SBI Cards and Payment Services Ltd. quoted a 52-week high of Rs 1028.75 and a 52-week low of Rs 656.1.

As per BSE, the total market cap of the SBI Cards and Payment Services Ltd. stood at Rs 71452.37 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 3656.15 crore for the quarter ended 31-Dec-2022, up 5.87 per cent from previous quarter's Rs 3453.32 crore and up 16.45 per cent from the year-ago quarter's Rs 3139.66 crore.

The net profit for latest quarter stood at Rs 509.46 crore, up 32.06 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2022, domestic institutional investors held 11.67 per cent stake in the company, while foreign institutional investors held 9.13 per cent and the promoters 0.04 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 31.86 and a price-to-book ratio of 10.36. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

SBI Cards and Payment Services Ltd. belongs to the Credit Card & Allied Services industry.