State Bank of India (SID) - Net Assets
Based on the latest financial reports, State Bank of India (SID) has net assets worth €5.40 Trillion EUR (≈ $6.31 Trillion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€74.44 Trillion ≈ $87.03 Trillion USD) and total liabilities (€69.05 Trillion ≈ $80.72 Trillion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read SID total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €5.40 Trillion |
| % of Total Assets | 7.25% |
| Annual Growth Rate | 10.72% |
| 5-Year Change | 77.1% |
| 10-Year Change | N/A |
| Growth Volatility | 5.3 |
State Bank of India - Net Assets Trend (2017–2025)
This chart illustrates how State Bank of India's net assets have evolved over time, based on quarterly financial data. Also explore SID asset base for the complete picture of this company's asset base.
Annual Net Assets for State Bank of India (2017–2025)
The table below shows the annual net assets of State Bank of India from 2017 to 2025. For live valuation and market cap data, see SID stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | €5.05 Trillion ≈ $5.90 Trillion |
+17.30% |
| 2024-03-31 | €4.31 Trillion ≈ $5.03 Trillion |
+15.81% |
| 2023-03-31 | €3.72 Trillion ≈ $4.35 Trillion |
+17.35% |
| 2022-03-31 | €3.17 Trillion ≈ $3.70 Trillion |
+11.08% |
| 2021-03-31 | €2.85 Trillion ≈ $3.33 Trillion |
+10.11% |
| 2020-03-31 | €2.59 Trillion ≈ $3.03 Trillion |
+7.68% |
| 2019-03-31 | €2.41 Trillion ≈ $2.81 Trillion |
+2.38% |
| 2018-03-31 | €2.35 Trillion ≈ $2.75 Trillion |
+5.04% |
| 2017-03-31 | €2.24 Trillion ≈ $2.61 Trillion |
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Equity Component Analysis
This analysis shows how different components contribute to State Bank of India's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 5.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.08 Trillion | 22.27% |
| Other Components | €3.79 Trillion | 77.73% |
| Total Equity | €4.87 Trillion | 100.00% |
State Bank of India Competitors by Market Cap
The table below lists competitors of State Bank of India ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Intercontinental Exchange Inc
NYSE:ICE
|
$87.66 Billion |
|
Zurich Insurance Group AG
F:ZFI1
|
$87.82 Billion |
|
Christian Dior SE
PA:CDI
|
$88.76 Billion |
|
Waste Management Inc
NYSE:WM
|
$89.00 Billion |
|
Trane Technologies plc
F:2IS
|
$87.59 Billion |
|
Quanta Services Inc
NYSE:PWR
|
$87.09 Billion |
|
Samsung Electronics Co Pref
KO:005935
|
$86.82 Billion |
|
Johnson Controls International PLC
NYSE:JCI
|
$86.82 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in State Bank of India's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,149,391,715,000 to 4,870,367,587,000, a change of 720,975,872,000 (17.4%).
- Net income of 775,613,371,000 contributed positively to equity growth.
- Dividend payments of 122,267,183,000 reduced retained earnings.
- New share issuances of 1,288,000 increased equity.
- Other factors increased equity by 67,628,396,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €775.61 Billion | +15.93% |
| Dividends Paid | €122.27 Billion | -2.51% |
| Share Issuances | €1.29 Million | +0.0% |
| Other Changes | €67.63 Billion | +1.39% |
| Total Change | €- | 17.38% |
Book Value vs Market Value Analysis
This analysis compares State Bank of India's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.17x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.35x to 0.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | €272.39 | €95.50 | x |
| 2018-03-31 | €258.08 | €95.50 | x |
| 2019-03-31 | €262.75 | €95.50 | x |
| 2020-03-31 | €281.31 | €95.50 | x |
| 2021-03-31 | €308.77 | €95.50 | x |
| 2022-03-31 | €342.41 | €95.50 | x |
| 2023-03-31 | €402.18 | €95.50 | x |
| 2024-03-31 | €464.94 | €95.50 | x |
| 2025-03-31 | €545.72 | €95.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently State Bank of India utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.19%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 15.02x
- Recent ROE (15.93%) is above the historical average (8.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.11% | 0.17% | 0.04x | 15.86x | €-214.78 Billion |
| 2018 | -1.98% | -3.14% | 0.04x | 15.70x | €-275.88 Billion |
| 2019 | 0.98% | 1.39% | 0.04x | 16.58x | €-211.50 Billion |
| 2020 | 7.87% | 10.13% | 0.05x | 16.72x | €-53.38 Billion |
| 2021 | 8.13% | 9.83% | 0.05x | 17.58x | €-51.51 Billion |
| 2022 | 11.58% | 14.11% | 0.05x | 17.54x | €48.15 Billion |
| 2023 | 15.50% | 19.64% | 0.05x | 16.59x | €197.55 Billion |
| 2024 | 16.17% | 20.73% | 0.05x | 16.23x | €255.91 Billion |
| 2025 | 15.93% | 22.19% | 0.05x | 15.02x | €288.58 Billion |
Industry Comparison
This section compares State Bank of India's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $4,686,456,747,900
- Average return on equity (ROE) among peers: 9.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| State Bank of India (SID) | €5.40 Trillion | 0.11% | 12.79x | $87.65 Billion |
| Grupo Supervielle S.A (189A) | $53.42 Billion | -1.61% | 6.34x | $610.24 Million |
| Bank of Zhengzhou Co. Ltd (3BZ) | $39.89 Billion | 8.24% | 11.55x | $252.75 Million |
| Manx Financial Group PLC (3IM) | $37.31 Million | 21.71% | 12.34x | $31.55 Million |
| Postal Savings Bank of China Co Ltd (3YB) | $544.88 Billion | 11.18% | 17.75x | $12.54 Billion |
| PO.S.B.O. UNSP.ADRS/20YC1 (3YB0) | $1.03 Trillion | 8.38% | 15.56x | $13.93 Billion |
| TISCO Financial Group Public Company Limited (47TA) | $34.73 Billion | 17.53% | 7.74x | $2.49 Billion |
| Bank of Qingdao Co. Ltd (4BQ) | $26.12 Billion | 7.27% | 10.72x | $1.47 Billion |
| Harbin Bank Co. Ltd (5H6) | $42.41 Billion | 12.38% | 12.31x | $137.86 Million |
| JAPAN POST BK UNSP.ADR/1 (5JP0) | $9.65 Trillion | 3.37% | 22.79x | $53.42 Billion |
| Grupo Aval Acciones y Valores S.A (6GAA) | $35.44 Trillion | 6.63% | 8.11x | $1.61 Billion |
About State Bank of India
State Bank of India provides banking products and services in India and internationally. It operates through the Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business segments. The company offers personal banking products and services, including current, savings, salary, and deposit accounts; home, personal, pension, auto, education, and gold loans, as well as loans ag… Read more