Name: Latest research reports of SBI Cards and Payment Services Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: SBI Cards and Payment Services Ltd.
Rating: 5
Author: ICICI Securities Limited

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
	21 Sep 2025	SBI Cards and Payment	Consensus Share Price Target	871.65	879.00	-	0.84	hold	pdf Detailed Estimates
	31 Oct 2022	SBI Cards and Payment	ICICI Securities Limited Target	871.65	1105.00	810.30 (7.57%)		Buy	pdf post cache	Broker Report Lag between cost and revenue cycles is business characteristic; does not change earnings expectations ICICI Securities Limited SBI Cards (SBIC) reported 16% QoQ dip in PAT primarily on account of decrease in revolver mix, higher cost-to-income ratios and higher credit costs. pdf Copy Link Share on Share on Share on Share on Alert
	30 Oct 2022	SBI Cards and Payment	Axis Direct Target	871.65	1075.00	810.30 (7.57%)		Buy	pdf post cache	Broker Report Result Update:SBI Cards Axis Direct We maintain our BUY recommendation on the stock with a revised target price of Rs 1,075/share (34x FY24E EPS), implying an upside of 25% from the CMP. pdf Copy Link Share on Share on Share on Share on Alert
	28 Oct 2022	SBI Cards and Payment	BOB Capital Markets Ltd. Target	871.65	1139.00	810.30 (7.57%)		Buy	pdf post cache	Broker Report SBI Card (BUY): Dull quarter on high opex and credit costs BOB Capital Markets Ltd. Operating expenses rose 33% YoY in Q2 on higher client acquisition cost; credit cost also moved up pdf Copy Link Share on Share on Share on Share on Alert
	28 Oct 2022	SBI Cards and Payment	Motilal Oswal Target	871.65	1000.00	810.30 (7.57%)		Buy	pdf post cache	Broker Report Margin and revolve rate under pressure; Retail spends robust Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	28 Oct 2022	SBI Cards and Payment	Prabhudas Lilladhar Target	871.65	1013.00	826.65 (5.44%)		Accumulate	pdf post cache	Broker Report SBI CARDS & PAYMENT Prabhudas Lilladhar pdf Copy Link Share on Share on Share on Share on Alert
	29 Jul 2022	SBI Cards and Payment	Prabhudas Lilladhar Target	871.65	1087.00	944.20 (-7.68%)		Accumulate	pdf post cache	Broker Report SBI CARDS & PAYMENT Prabhudas Lilladhar pdf Copy Link Share on Share on Share on Share on Alert
	28 Jul 2022	SBI Cards and Payment	BOB Capital Markets Ltd. Target	871.65	1227.00	939.25 (-7.20%)		Buy	pdf post cache	Broker Report SBI Card (BUY): Ticks most boxes; maintain BUY BOB Capital Markets Ltd. Q1 credit card spends grew 79% YoY and cards in force 19% YoY, with strong asset quality pdf Copy Link Share on Share on Share on Share on Alert
	28 Jul 2022	SBI Cards and Payment	Kotak Securities	871.65	1150.00	886.45 (-1.67%)		Buy	pdf post cache	Broker Report Earnings doubled led by declining credit costs and recovery in operating profits Kotak Securities Business in top gear. SBI Cards reported ~105% earnings growth on the back of 22% yoy operating profit growth and ~30% yoy decline in provisions. The business is showing solid growth signals with spend growth at 80% yoy, card growth at ~20% yoy and receivables growth at 40% yoy. pdf Copy Link Share on Share on Share on Share on Alert
	09 Jun 2022	SBI Cards and Payment	Yes Securities	871.65	1260.00	723.30 (20.51%)		Buy	pdf post cache	Broker Report SBI Card Yes Securities pdf Copy Link Share on Share on Share on Share on Alert
	06 Jun 2022	SBI Cards and Payment	BOB Capital Markets Ltd.	871.65	1137.00	773.85 (12.64%)		Buy	pdf post cache	Broker Report [Initiation] SBI Card (BUY): A play on India's cashless revolution initiate with BUY BOB Capital Markets Ltd. Major player in credit card domain with vast growth potential due to partnership with parent SBIN and customised offerings pdf Copy Link Share on Share on Share on Share on Alert
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32.11% Gain from 52W Low

SBI Cards and Payment Services Ltd. share price target

SBI Cards and Payment Services Ltd. has an average share price target of 904.25. The consensus estimate represents an upside of 3.74% from the last price of 871.65. View 6 reports from 4 analysts offering long-term price targets for SBI Cards and Payment Services Ltd..

Lag between cost and revenue cycles is business characteristic; does not change earnings expectations

Result Update:SBI Cards

SBI Card (BUY): Dull quarter on high opex and credit costs

Margin and revolve rate under pressure; Retail spends robust

SBI CARDS & PAYMENT

SBI CARDS & PAYMENT

SBI Card (BUY): Ticks most boxes; maintain BUY

Earnings doubled led by declining credit costs and recovery in operating profits

SBI Card

[Initiation] SBI Card (BUY): A play on India's cashless revolution initiate with BUY

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