State Bank of India (SBIN) warrants a closer look across revenue momentum, earnings quality, valuation, and how institutional ownership has been shifting.
SBI Revenue Trend
Revenue at State Bank of India climbed 7.4% in FY2026, reaching ₹7,12,643 Cr for the year.
Stretching the lens to a full decade, the bank has compounded revenue at 10.1% annually, rising from ₹2,72,871 Cr to ₹7,12,643 Cr. That pace comfortably outstrips most peers in the broader market.
A ₹7,12,643 Cr revenue base places State Bank of India firmly in the top tier of banks in India.
Worth underlining is the streak itself: 10 consecutive years of top-line growth without a single year of decline.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹7,12,643 Cr | +7.4% |
| FY2025 | ₹6,63,343 Cr | +11.6% |
| FY2024 | ₹5,94,574 Cr | +25.6% |
| FY2023 | ₹4,73,378 Cr | +16.3% |
| FY2022 | ₹4,06,973 Cr | — |
View State Bank of India's full 10-year revenue trend with CAGR analysis →
SBI Profitability
Net profit at State Bank of India rose to ₹83,299 Cr in FY2026, a 7.4% improvement over the prior year.
Margins moved little on the whole. Net profit margin held near 11.7% in FY2026, roughly in line with the year before.
Diluted earnings per share came in at ₹91.16 in FY2026, up from ₹86.91 a year earlier.
Is SBI Undervalued
Under the P/B Ratio model, intrinsic value is estimated at ₹1,034, implying a 0.3% downside from the current price.
SBIN shares are currently trading at ₹1,037.00.
Craytheon also calculates intrinsic value using the P/E Ratio, EPS Growth, and DDM models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/B Ratio | ₹1,034 | 0.3% downside to fair value |
| P/E Ratio | Upgrade | Upgrade |
| EPS Growth | Upgrade | Upgrade |
| DDM | Upgrade | Upgrade |
See all valuation models for State Bank of India with detailed assumptions →
SBI Shareholding Pattern
The promoter group trimmed its stake to 55.5%, down from 57.4% a year earlier.
Foreign investors added to their exposure, holding 11.4% of the company as of March 2026, up from 9.3% the prior year.
Domestic institutional investors (DIIs) also accumulated shares, lifting their combined holding to 26.2% as of March 2026, from 25.7% a year ago.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 55.5% | 11.4% | 26.2% | 6.8% |
| Dec 2025 | 55.5% | 10.3% | 27.2% | 7.0% |
| Sep 2025 | 55.5% | 9.6% | 27.8% | 7.1% |
| Jun 2025 | 57.4% | 9.3% | 25.7% | 7.6% |
Track quarterly shareholding changes for State Bank of India →
SBI Balance Sheet
Proportional view as of 13 Jul 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹83.22T at the end of FY2026, up 13.8% from ₹73.14T a year earlier.
Loans & Advances is the largest block at 59.8%, followed by Investments at 28.4% and Other Assets at 7.0%.
Deposits make up 72.6% of liabilities and equity, with Borrowings at 9.3%, Equity at 7.4%, and Other Liabilities at 10.7%. Over the year, deposits are up 11.1% and equity is up 21.7%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash | 4,018.43B |
| Loans & Advances | 49.78T |
| Investments | 23.60T |
| Other Assets | 5,822.10B |
| Category | Value |
|---|---|
| Equity | 6,148.99B |
| Deposits | 60.43T |
| Borrowings | 7,773.02B |
| Other Liabilities | 8,862.70B |
SBI Investment Snapshot
Pulling the key threads together on State Bank of India (SBIN) as a banks investment case.
FY2026 revenue landed at ₹7,12,643 Cr, up 7.4% year-over-year.
Over a 10-year horizon, the top line has compounded at 10.1% annually.
Profitability holds up well, with a net margin of 11.7% and net income of ₹83,299 Cr.
The P/B Ratio model implies 0.3% downside to fair value from the current price. The remaining three models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
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