State Bank of IndiaNSE: SBINBSE: 500112Financial Services · Public Sector BankState Bank of India Financial Statements
For Mar 2026, State Bank of India reported net profit of ₹81,802 crore. Return on equity stands at 15.40%. Profit & loss, balance sheet and cash flow across 8 reported years are below.
- Profit after tax
- ₹81,802 Cr
- EPS
- ₹90.24
- Latest year
- Mar 2026
- Years reported
- 8
State Bank of India profit & loss
Reported annual performance for State Bank of India, oldest to newest. Figures in ₹ crore unless a row states otherwise.
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Interest Earned | 2,53,322 | 2,69,852 | 2,78,115 | 2,89,973 | 3,50,845 | 4,39,189 | 4,90,938 | 5,14,933 |
| Interest on Balances with RBI | 1,325 | 3,066 | 4,541 | 4,608 | 3,916 | 5,942 | 6,238 | 7,999 |
| Interest on Advances/Bills | 1,66,125 | 1,85,494 | 1,76,780 | 1,77,475 | 2,28,741 | 2,97,310 | 3,40,977 | 3,61,064 |
| Other Interest | 5,629 | 6,478 | 9,663 | 14,412 | 11,363 | 13,558 | 12,580 | 13,915 |
| Revenue on Investments | 80,244 | 74,813 | 87,131 | 93,478 | 1,06,825 | 1,22,378 | 1,31,144 | 1,31,954 |
| Other Income | 76,899 | 92,377 | 1,05,855 | 1,17,000 | 1,22,534 | 1,55,386 | 1,72,406 | 1,94,684 |
| Total Income | 3,30,221 | 3,62,229 | 3,83,971 | 4,06,973 | 4,73,378 | 5,94,575 | 6,63,343 | 7,09,617 |
| Net Interest Income | 97,455 | 1,08,728 | 1,22,105 | 1,33,778 | 1,60,864 | 1,79,452 | 1,89,994 | 1,99,928 |
| Total Banking Expenses | 2,70,668 | 2,92,905 | 3,06,440 | 3,23,139 | 3,79,795 | 4,88,530 | 5,37,517 | 5,77,655 |
| Interest Expended | 1,55,867 | 1,61,124 | 1,56,010 | 1,56,194 | 1,89,981 | 2,59,736 | 3,00,943 | 3,15,005 |
| Employees Cost | 43,795 | 48,851 | 54,331 | 54,027 | 61,921 | 76,571 | 70,396 | 72,768 |
| Other Operating Expenses | 71,005 | 82,931 | 96,099 | 1,12,918 | 1,27,894 | 1,52,223 | 1,66,178 | 1,89,882 |
| Provisions for Loan Losses | 54,799 | 44,789 | 46,102 | 26,677 | 18,184 | 7,705 | 19,461 | 20,960 |
| Profit Before Tax (PBT) | 5,220 | 30,317 | 32,796 | 49,739 | 75,399 | 91,240 | 1,06,365 | 1,14,028 |
| Tax Expense | 2,151 | 12,140 | 8,516 | 13,382 | 18,840 | 23,102 | 27,348 | 28,860 |
| Effective Tax % | 41.21% | 40.04% | 25.97% | 26.91% | 24.99% | 25.32% | 25.71% | 25.31% |
| Total Profit for Period | 3,069 | 18,177 | 22,405 | 36,356 | 56,558 | 68,138 | 79,017 | 85,168 |
| Less: Non-controlling Interests | 1,051 | 1,372 | 0 | 1,809 | 2,102 | 2,459 | 2,961 | 3,367 |
| Net Profit (Owner's PAT) | 2,018 | 16,805 | 22,405 | 34,547 | 54,457 | 65,680 | 76,056 | 81,802 |
| PAT Growth YoY % | — | 732.67% | 33.33% | 54.19% | 57.63% | 20.61% | 15.8% | 7.55% |
| Earnings Per Share (EPS) | ₹2.58 | ₹22.15 | ₹25.11 | ₹39.64 | ₹62.35 | ₹75.17 | ₹86.91 | ₹90.24 |
| Diluted Shares Outstanding (Cr.) | 892 | 892 | 892 | 892 | 892 | 892 | 892 | 923 |
| Gross NPA | 0 | 1,49,092 | 0 | 1,12,023 | 0 | 0 | 0 | 0 |
| Net NPA | 0 | 51,871 | 0 | 27,966 | 0 | 0 | 0 | 0 |
| Gross NPA (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net NPA (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Additional Tier 1 Ratio (%) | 0.13 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| CET-1 Ratio (%) | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 |
| Profit/Loss from Associates | 281 | 2,963 | 0 | 827 | 1,191 | 1,405 | 1,505 | 1,497 |
State Bank of India balance sheet
Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Shareholders' Equity | 3,05,588 | 3,71,768 | 4,30,557 | 5,05,063 | 6,14,899 |
| Equity Share Capital | 892 | 892 | 892 | 892 | 923 |
| Reserves & Surplus | 3,04,696 | 3,70,875 | 4,29,665 | 5,04,170 | 6,13,976 |
| Total Banking Liabilities | 50,55,295 | 55,82,650 | 63,03,222 | 68,09,123 | 77,06,669 |
| Deposits | 40,87,411 | 44,68,536 | 49,66,537 | 54,39,898 | 60,43,097 |
| Borrowings | 4,49,160 | 5,21,152 | 6,39,610 | 6,10,857 | 7,77,302 |
| Other Liabilities & Provisions | 5,18,725 | 5,92,963 | 6,97,075 | 7,58,367 | 8,86,270 |
| Total Liabilities | 53,60,884 | 59,54,418 | 67,33,779 | 73,14,185 | 83,21,569 |
| Total Banking Assets | 53,60,884 | 59,54,418 | 67,33,779 | 73,14,185 | 83,21,569 |
| Cash & Balances with RBI | 2,58,086 | 2,47,321 | 2,25,356 | 2,27,485 | 2,68,682 |
| Bank Balances & Money at Call | 1,40,819 | 70,991 | 1,01,216 | 1,30,448 | 1,33,161 |
| Investments | 17,76,490 | 19,13,108 | 21,10,548 | 22,05,601 | 23,59,502 |
| Advances | 27,94,076 | 32,67,902 | 37,84,273 | 42,50,831 | 49,78,013 |
| Fixed Assets | 39,510 | 44,407 | 44,708 | 46,338 | 57,152 |
| Other Assets | 3,51,902 | 4,10,689 | 4,67,677 | 4,53,483 | 5,25,058 |
| Non-Current Assets | 39,510 | 44,407 | 44,708 | 46,338 | 57,152 |
| Fixed Assets | 39,510 | 44,407 | 44,708 | 46,338 | 57,152 |
| Total Assets | 53,60,884 | 59,54,418 | 67,33,779 | 73,14,185 | 83,21,569 |
| Total Borrowings | 4,49,160 | 5,21,152 | 6,39,610 | 6,10,857 | 7,77,302 |
| Net Debt | 1,91,073 | 2,73,831 | 4,14,253 | 3,83,372 | 5,08,620 |
| Debt to Equity (x) | 1.47 | 1.4 | 1.49 | 1.21 | 1.26 |
State Bank of India cash flow statement
Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Net Cash from Operating Activities | 57,695 | -86,014 | 21,632 | 48,486 | 38,097 |
| Profit Before Tax | 0 | 0 | 0 | 0 | 0 |
| Depreciation & Amortisation | 23,009 | 3,696 | 3,849 | 3,991 | 4,830 |
| Finance Costs | 0 | 0 | 9,662 | 11,923 | 7,397 |
| Working Capital Changes | -27,622 | -1,75,359 | -52,223 | -51,367 | -71,461 |
| Tax Paid | 0 | -17,324 | -31,268 | -33,761 | -36,323 |
| Net Cash from Investing Activities | -3,619 | -4,041 | -4,252 | -5,635 | -691 |
| Purchase of PPE | 0 | 0 | 0 | 0 | 0 |
| Sale of Fixed Assets | 0 | 627 | 0 | 0 | 0 |
| Interest Received | 0 | 0 | 0 | 0 | 0 |
| Net Cash from Financing Activities | -3,845 | 6,386 | -9,896 | -13,739 | -3,427 |
| Proceeds from Borrowings | 0 | 0 | 0 | 0 | 0 |
| Repayment of Borrowings | -10,518 | 0 | 0 | 0 | 0 |
| Interest Paid | -5,411 | -6,325 | -8,589 | -10,271 | -7,722 |
| Dividend Paid | -3,570 | -6,337 | -10,085 | -12,227 | -14,231 |
| Buyback / Redemption of Shares | 0 | 0 | 0 | 0 | 0 |
| Lease Liabilities Paid | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | 51,198 | -80,593 | 8,260 | 31,361 | 43,910 |
| Effect of Foreign Exchange Changes | 966 | 3,075 | 776 | 2,248 | 9,931 |
| Free Cash Flow | 57,695 | -86,014 | 21,632 | 48,486 | 38,097 |
State Bank of India key ratios
Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.
State Bank of India trades at a P/E of 11.37× against a sector median of 16.36× — a 31% discount. Sector comparisons can mislead for conglomerates with mixed business lines.
| Ratio | Category | Value |
|---|---|---|
| P/E (TTM) | Valuation | 11.37 |
| Forward P/E | Valuation | 10.17 |
| P/B | Valuation | 1.54 |
| PEG (TTM) | Valuation | 0.53 |
| EV / EBITDA (TTM) | Valuation | 22.8 |
| P/S (TTM) | Valuation | 2.51 |
| Operating margin | Profitability | 45.9% |
| Net margin (TTM) | Profitability | 22.11% |
| Return on equity | Return ratios | 15.4% |
| Return on capital employed | Return ratios | 6.13% |
| Return on assets | Return ratios | 1.11% |
| Debt to equity | Leverage & liquidity | 11.4 |
| Beta | Leverage & liquidity | 1.18 |
| EPS (TTM) | Per share | ₹91.13 |
| Book value | Per share | ₹645.82 |
| Revenue / share (TTM) | Per share | ₹412.23 |
| Cash flow / share | Per share | ₹41.27 |
| Dividend yield | Shareholder returns | 1.71% |
| Dividend payout (TTM) | Shareholder returns | 36.31% |
How this is calculated
Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.
Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.
State Bank of India: frequently asked questions
Is State Bank of India profitable?
State Bank of India reported a net profit of ₹81,802 crore in Mar 2026, up 7.6% on the previous financial year.
What is State Bank of India's EPS?
State Bank of India reported earnings per share of ₹90.24 for Mar 2026.
What is State Bank of India's return on equity?
State Bank of India's return on equity stands at 15.40%. ROE measures profit generated per rupee of shareholder equity.
How many years of State Bank of India financials are shown?
8 reported financial years are tabulated on this page, the most recent being Mar 2026.
Are these figures consolidated or standalone?
Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.
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The data, ratios and commentary about State Bank of India (SBIN) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.