SBI Cards and Payment Services Limited (SBICARD) - Net Assets
Based on the latest financial reports, SBI Cards and Payment Services Limited (SBICARD) has net assets worth Rs153.53 Billion INR (≈ $1.66 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs673.65 Billion ≈ $7.29 Billion USD) and total liabilities (Rs520.12 Billion ≈ $5.62 Billion 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. Check SBICARD cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs153.53 Billion |
| % of Total Assets | 22.79% |
| Annual Growth Rate | 32.92% |
| 5-Year Change | 118.69% |
| 10-Year Change | 1093.18% |
| Growth Volatility | 17.22 |
SBI Cards and Payment Services Limited - Net Assets Trend (2013–2025)
This chart illustrates how SBI Cards and Payment Services Limited's net assets have evolved over time, based on quarterly financial data. Also explore SBI Cards and Payment Services Limited (SBICARD) total assets for the complete picture of this company's asset base.
Annual Net Assets for SBI Cards and Payment Services Limited (2013–2025)
The table below shows the annual net assets of SBI Cards and Payment Services Limited from 2013 to 2025. For live valuation and market cap data, see SBI Cards and Payment Services Limited market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs137.82 Billion ≈ $1.49 Billion |
+14.05% |
| 2024-03-31 | Rs120.84 Billion ≈ $1.31 Billion |
+22.93% |
| 2023-03-31 | Rs98.30 Billion ≈ $1.06 Billion |
+26.80% |
| 2022-03-31 | Rs77.53 Billion ≈ $838.43 Million |
+23.02% |
| 2021-03-31 | Rs63.02 Billion ≈ $681.54 Million |
+17.99% |
| 2020-03-31 | Rs53.41 Billion ≈ $577.63 Million |
+49.12% |
| 2019-03-31 | Rs35.82 Billion ≈ $387.35 Million |
+52.22% |
| 2018-03-31 | Rs23.53 Billion ≈ $254.47 Million |
+62.41% |
| 2017-03-31 | Rs14.49 Billion ≈ $156.68 Million |
+25.43% |
| 2016-03-31 | Rs11.55 Billion ≈ $124.91 Million |
+19.62% |
| 2015-03-31 | Rs9.66 Billion ≈ $104.43 Million |
+29.44% |
| 2014-03-31 | Rs7.46 Billion ≈ $80.67 Million |
+64.68% |
| 2013-03-31 | Rs4.53 Billion ≈ $48.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to SBI Cards and Payment Services Limited'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 grown by 9282731609200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs89.50 Billion | 64.94% |
| Common Stock | Rs9.51 Billion | 6.90% |
| Other Comprehensive Income | Rs27.14 Billion | 19.69% |
| Other Components | Rs11.66 Billion | 8.46% |
| Total Equity | Rs137.82 Billion | 100.00% |
SBI Cards and Payment Services Limited Competitors by Market Cap
The table below lists competitors of SBI Cards and Payment Services Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eagle Materials Inc
NYSE:EXP
|
$6.63 Billion |
|
OneMain Holdings Inc
NYSE:OMF
|
$6.63 Billion |
|
First International Bank of Israel Ltd
TA:FIBI
|
$6.63 Billion |
|
Blue Owl Capital Inc
NYSE:OWL
|
$6.63 Billion |
|
Baic Bluepark New Energy Technology
SHG:600733
|
$6.62 Billion |
|
Yunnan Chihong Zinc&Germanium Co Ltd
SHG:600497
|
$6.62 Billion |
|
KION GROUP AG ADRS/1/4
F:KGX1
|
$6.62 Billion |
|
Shenzhen Everwin Precision Tech
SHE:300115
|
$6.62 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SBI Cards and Payment Services Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 120,840,300,000 to 137,817,200,000, a change of 16,976,900,000 (14.0%).
- Net income of 19,164,100,000 contributed positively to equity growth.
- Dividend payments of 2,871,100,000 reduced retained earnings.
- New share issuances of 58,400,000 increased equity.
- Other comprehensive income increased equity by 27,566,900,000.
- Other factors decreased equity by 26,941,400,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs19.16 Billion | +13.91% |
| Dividends Paid | Rs2.87 Billion | -2.08% |
| Share Issuances | Rs58.40 Million | +0.04% |
| Other Comprehensive Income | Rs27.57 Billion | +20.0% |
| Other Changes | Rs-26.94 Billion | -19.55% |
| Total Change | Rs- | 14.05% |
Book Value vs Market Value Analysis
This analysis compares SBI Cards and Payment Services Limited'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: 4.45x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 111.58x to 4.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | Rs5.77 | Rs643.90 | x |
| 2014-03-31 | Rs9.50 | Rs643.90 | x |
| 2015-03-31 | Rs12.30 | Rs643.90 | x |
| 2016-03-31 | Rs14.71 | Rs643.90 | x |
| 2017-03-31 | Rs15.53 | Rs643.90 | x |
| 2018-03-31 | Rs25.23 | Rs643.90 | x |
| 2019-03-31 | Rs39.14 | Rs643.90 | x |
| 2020-03-31 | Rs56.70 | Rs643.90 | x |
| 2021-03-31 | Rs66.44 | Rs643.90 | x |
| 2022-03-31 | Rs81.67 | Rs643.90 | x |
| 2023-03-31 | Rs103.58 | Rs643.90 | x |
| 2024-03-31 | Rs127.31 | Rs643.90 | x |
| 2025-03-31 | Rs144.84 | Rs643.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SBI Cards and Payment Services Limited 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): 13.91%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.98%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 4.76x
- Recent ROE (13.91%) is below the historical average (24.12%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 30.09% | 19.92% | 0.20x | 7.71x | Rs910.22 Million |
| 2014 | 39.29% | 30.03% | 0.21x | 6.35x | Rs2.18 Billion |
| 2015 | 27.62% | 21.96% | 0.19x | 6.48x | Rs1.70 Billion |
| 2016 | 24.58% | 11.87% | 0.30x | 6.82x | Rs1.68 Billion |
| 2017 | 25.74% | 11.14% | 0.31x | 7.43x | Rs2.28 Billion |
| 2018 | 25.55% | 11.64% | 0.33x | 6.67x | Rs3.66 Billion |
| 2019 | 24.15% | 13.69% | 0.31x | 5.65x | Rs5.07 Billion |
| 2020 | 23.31% | 14.54% | 0.34x | 4.74x | Rs7.11 Billion |
| 2021 | 15.62% | 11.49% | 0.32x | 4.29x | Rs3.54 Billion |
| 2022 | 20.85% | 16.72% | 0.28x | 4.47x | Rs8.41 Billion |
| 2023 | 22.98% | 18.33% | 0.27x | 4.63x | Rs12.75 Billion |
| 2024 | 19.93% | 15.70% | 0.26x | 4.81x | Rs11.99 Billion |
| 2025 | 13.91% | 10.98% | 0.27x | 4.76x | Rs5.38 Billion |
Industry Comparison
This section compares SBI Cards and Payment Services Limited's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $37,628,750,405
- Average return on equity (ROE) among peers: 10.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SBI Cards and Payment Services Limited (SBICARD) | Rs153.53 Billion | 30.09% | 3.39x | $6.63 Billion |
| Akme Fintrade India Ltd (AFIL) | $1.30 Billion | 0.00% | 2.50x | $41.31 Million |
| Arman Financial Services Limited (ARMANFIN) | $3.66 Billion | 25.65% | 4.57x | $169.77 Million |
| Baid Finserv Limited (BAIDFIN) | $108.03 Million | 5.96% | 2.17x | $19.08 Million |
| Bajaj Finance Limited (BAJFINANCE) | $96.00 Billion | 19.13% | 5.64x | $62.99 Billion |
| Capri Global Capital Limited (CGCL) | $38.37 Billion | 7.28% | 2.95x | $1.94 Billion |
| Cholamandalam Investment and Finance Company Limited (CHOLAFIN) | $22.87 Billion | 16.10% | 8.42x | $14.26 Billion |
| Cholamandalam Financial Holdings Limited (CHOLAHLDNG) | $162.58 Billion | 7.94% | 7.06x | $3.16 Billion |
| CREDITACCESS GRAMEEN LIMITED (CREDITACC) | $51.07 Billion | 16.18% | 3.28x | $2.25 Billion |
| CSL Finance Limited (CSLFINANCE) | $773.42 Million | 9.31% | 0.08x | $55.14 Million |
| DCM Financial Services Limited (DCMFINSERV) | $-439.02 Million | 0.00% | 0.00x | $1.13 Million |
About SBI Cards and Payment Services Limited
SBI Cards and Payment Services Limited, a non-banking financial company, provides credit cards to individual and corporate customers in India. The company offers corporate cards, central travel cards, utility cards, and purchase and virtual cards. It also acts as a corporate insurance agent for selling insurance policies to credit card customers. The company was incorporated in 1998 and is headqu… Read more