SBI Cards and Payment Services Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for SBICARD, BSE:543066 SBI Cards and Payment Services Ltd.

SBI Cards and Payment Services Ltd.

23 May 2023

975.30

0.57%

SBI CARDS AND PAYMENT SERVICES LIMITED

Hold: SBI Cards and Payment Serv...

Recommendation Target

Geojit BNP Paribas

SBI Cards and Paymen.. has an average target of 863.40 from 6 brokers.

SBI Cards and Payment Services Ltd.

01 May 2023

975.30

0.57%

SBI CARDS & PAYMENT

Accumulate: SBI Cards and Payment Serv...

Target

Prabhudas Lilladhar

Number of FII/FPI investors increased from 542 to 584 in Mar 2025 qtr.

SBI Cards and Payment Services Ltd.

30 Apr 2023

975.30

0.57%

NIM bottoming a profitability lever; supportive outlook on cost-to-income, credit cost offer comfort

Buy: SBI Cards and Payment Serv...

ICICI Securities Limited

SBI Cards (SBIC) delivered strong PAT of Rs 6 bn in Q4FY23 and Rs22.6bn in FY23 representing 27% CAGR over the last 5 years. This is post the impact of external
overhangs of declining NIMs, loss in fees due to implementation of RBI master
circular issued in Oct’22 and the impact of covid.

Number of MF schemes increased from 22 to 32 in Mar 2025 qtr.

SBI Cards and Payment Services Ltd.

29 Apr 2023

975.30

0.57%

Growth in spends healthy; margins moderate slightly

Buy: SBI Cards and Payment Serv...

Target

Motilal Oswal

Number of MF schemes increased from 22 to 32 in Mar 2025 qtr.

SBI Cards and Payment Services Ltd.

29 Apr 2023

975.30

0.57%

SBI Card (BUY): Positive surprise; maintain BUY

Buy: SBI Cards and Payment Serv...

Target

BOB Capital Markets Ltd.

Q4 PAT beat our estimate by 10% due to robust revenue (+32% YoY), partially offset by higher credit cost (+60% YoY)

SBI Cards and Payment Services Ltd. has gained 33.24% in the last 1 Year

SBI Cards and Payment Services Ltd.

23 Mar 2023

975.30

0.57%

Valuations appear attractive in light of promising business potential beyond external overhangs

Buy: SBI Cards and Payment Serv...

Target

ICICI Securities Limited

There is no change in the business prowess of SBI Cards (SBIC) considering the spends growth and its relative market share in CIF/spends. However, there were external overhangs of declining NIMs and loss in fees due to implementation of RBI master circular.

SBI Cards and Paymen.. has an average target of 863.40 from 6 brokers.

SBI Cards and Payment Services Ltd.

25 Jan 2023, 07:19AM

975.30

0.57%

HSIE Results Daily: Maruti Suzuki, SBI Cards and Payment Services, TVS Motor, Colgate Palmolive, Supreme Industries, Sonata Software, Zensar Technologies

Buy: SBI Cards and Payment Serv...

Target

HDFC Securities

Supreme Industries: We maintain ADD on Supreme Industries (SIL) with an unchanged TP of INR 2,580/share (SOTP-based). Supreme reported healthy performance in Q3FY23, driven by a strong volume uptick (in pipes and industrial segments) and stabilisation in resin prices. The pipe segment margin was 13.5% in Q3 (suffered 2% due to inventory loss); in Q4, an inventory gain is expected. For FY23, SIL has increased its overall volume growth guidance to 25% (pipes: ~35%) with a ~12.5% EBITDA margin. We expect the recent cool-off in resin prices (which is getting passed on) to boost demand. Sonata Software: Sonata delivered a better-than-expected IT services (IITS) growth (+3.9% QoQ CC) and investments in the business will sustain the momentum. The growth was led by Microsoft (ISV and Dynamics) and deal ramp-up. The management remains optimistic and plans to double IITS revenue (hit half a billion) in four years (organic CAGR of ~15%), supported by higher investments in new verticals and geographies and expanding partnerships beyond Microsoft. The focus is to pivot to large annuity-based managed services contracts and build a large deal pipeline; the recent deal wins indicate improved sales focus. The IITS EBITDA margin contracted 172bps QoQ to 21.8% (missed estimate) due to investments. The margins will continue to be under pressure due to wage hikes (Q4) and continued sales investments; the operating leverage will be visible in H2FY24E. DPS growth was strong (+21% YoY), supported by growth in cloud licenses and annuity revenue. We increase our IITS revenue estimate by 4/5% for FY24/25E but lower IITS...