SBI Card Share Price: Stock Analysis, History, and Forecast

The SBI Card share price is currently oscillating between ₹700 and ₹900. The main reason behind the price fluctuation is the market’s volatility which is quite unstable now due to multiple reasons. However, if we glance through the previous year’s stock prices of SBI Card, the stock seems to have performed exceptionally well. It hit an all-time high and made headlines.

SBI Card is the first pure play credit card company to get a listing on the stock exchanges in India. The company was launched by the State Bank of India, the largest public financial institution in India and GE Capital. As of today, the company owns branches in over 100 cities across the country.

According to sources, SBI Card recorded a net gain of ₹345 Crores for the financial quarter that ended at 30 Sep 2021 and a net income of ₹2,695 Crores.

Let’s delve deeper to find out SBI card stock performance, stock returns in 2021 and 2022, the company’s management, and more!

SBI Card Share Price

The live SBI Card share price today (23 March 2022 at 16:08 hours) is ₹863.30 at NSE and ₹864.30 at BSE. Glance through the table below to get an insight into SBI Card share price today:

For a better insight into the stock market’s performance at NSE for the past six months, have a look at the image given below:

Source: Money Control

Company Information

Awarded as the “Most Trusted Brand Gold Award” by the Reader’s Digest for five consecutive years, the SBI Card has never failed to wow its customers. The company was incorporated as SBI Cards and Payment Services Private Limited by SBI and GE Capital in October 1998. Since then, it has never failed to impress its customers.

Why? Because the company aims at offering Indian consumers access to a diverse range of world-class value-added payment products and services. The company works with the aim to simplify the lives of its employees, customers, and other important shareholders.

Every year, the company comes up with a variety of innovative products and services. Today, the company has more than 12.5 million credit cards in force. With this, it becomes the second-largest credit card issuer in India.

In 2007, SBI Cards also ranked second in the Business World Survey for optimal customer satisfaction. Additionally, In 2016, at International Gartner Awards, the company was awarded as the “Most Innovative Technology Legacy Transformation” for Card One Customer Relationship Management.

History of the SBI Card

The SBI Card was established as SBI Cards and Payment Services Private Limited (SBICPSL) in October 1998. It was launched by the State Bank of India and GE Capital. The company is headquartered in Gurgaon, Haryana.

The State Bank of India, along with the Carlyle Group, obtained GE Capital’s stake in SBI Card in December 2017. Its former name changed to its legal name to SBI Cards and Payments Services Limited in August 2019.

The company became the first pure play credit card company in the country to be listed on the Indian Stock Exchanges in March 2020. To know more about the journey and success story of the company, let’s take a rundown on some of its important timelines.

Significant Timeline of SBI Cards

Since its inception, the company has achieved various milestones almost every year. Here’s a quick snapshot of the same:

• 1998: SBI Card entered the credit card space.
• 1999: The company reached the 1 lakh mark for the first time.
• 2002: Entered the ‘1 Million Card’ club and its first partnership with a public sector bank.
• 2003: Launched Affinity Cards in 8 cities.
• 2005: Surpassed 2 million card base.
• 2006: Became the second largest credit card issuer and launched co-branded cards with SpiceJet, Tata, and Indian Railways.
• 2010: Introduced the SBI Platinum Card.
• 2011: Brought SBI Platinum Card.
• 2012: Launched SBI Signature Card for HNIs.
• 2013: Established Air India co-branded cards.
• 2014: Brought Fbb SBI ‘STYLEUP’ Card’.
• 2015: Introduced the SimplySAVE SBI Card and SimplyCLICK.
• 2016: Launched SBI Card Elite.
• 2017: Brought Central SELECT SBI Cards, SBI Card Prime and SBI Card Unnati. Entered the 5 million cards club.
• 2018: Entered 6 million cards club, launched Doctor’s SBI Card, virtual assistant ‘ELA’, Apollo SBI Card and crossed 7 million customer base.
• 2019: Introduced Guest SBI Card, Ola Money SBI Card, Club Vistara SBI Card PRIME, Club Vistara SBI Card and Etihad Guest SBI Card. Entered 10 Million Club and partnered with Rupay network.
• 2020: Became the first pure play credit card on NSE and BSE. Partnered with Google Pay, DMRC, American Express Network, and Paytm. Launched Lifestyle HC SBI Card, Spar SBI Card, Max SBI Card, IRCTC SBI Card and Delhi Metro SBI Card.
• 2021: Introduced AURUM, launched Fabindia SBI Card SELECT and SBI Card Pulse. Entered the 12 million cards club.

Management of SBI Cards and Payment Services Limited

The management of SBI Cards and Payment Services Limited is infused with dynamic management. The name and designation of the members are mentioned below:

SBI Cards Limited Company Location

While the company operates multiple branches in various locations, SBI Card is headquartered in Gurgaon, Haryana. It has two branches in Gurgaon as mentioned below:

Registered Office Address

SBI Card, 10th to 12th Floors,

DLF Infinity Towers, Tower C,

Block 2, Building 3,

DLF Cyber City, Gurgaon,

Haryana, India-122002

Gurgaon Office Address 2

SBI Card, 2nd Floor,

DLF Infinity Towers, Tower B,

Block 2, Building 4,

DLF Cyber City, Gurgaon,

Haryana, India-122002

Don’t miss it!

SBI Card: Company/Stock Performance

SBI Card entered the credit card industry in 1998 and within just one year, it reached the one lakh mark. In 2002, it  entered the ‘1 Million Card’ club and partnered for the first time with a public sector bank.

Over the years, the company partnered with multiple big players in the industry like IRCTC, Delhi Metro, American Express, Paytm, etc. and launched various SBI cards. The company has achieved several milestones till now and has entered a 12 million card club recently.

From 31 March 2017 to 31 March 2019, the company’s entire credit card spends rose at a CAGR (Compounded Annual Growth Rate) of 54.2%. While the CAGR of the overall credit card grew at a rate of 35.6%.

On the other hand, the number of its credit cards outstanding evolved at a CAGR of 34.5%, in comparison to the CAGR of the overall credit card market at 25.6%.

It has also done a remarkable job when it comes to stock prices. Starting with ₹599, it reached an all-time high of ₹1,165 on 1 September 2021. After a drop to ₹712.25, it again bounced back to over ₹860 and has been functioning well since then.

SBI Card registered a net profit of ₹345 Crores for the financial quarter ending 30 September 2021 and earned a total income of ₹2,695 Crores.

Altogether, it completely signifies that its stock has served SBI Card incredibly in the past three years. Plus, it will continue to do so iIf the management keeps up with its amazing strategies, positive ascent of stocks in the future is possible.

The best thing about this stock is that it focuses on launching a diverse range of products to help its customers with a smooth transaction. IRCTC SBI Card and Delhi Metro SBI Card are some of the best instances of the same.

SBI Cards Stock Returns in 2020 and 2021

If you scroll down to the SBI Cards stock price table, you can conclude that 2021 was by far the best year for the company. The year 2021 recorded the most highs of SBI Cards Limited, however, by the end, the stock price went low.

Note: The share price of SBI Cards Limited hit an all-time high of ₹1,165 on 1 September 2021. However, it didn’t remain the same for long and went down gradually.

At the beginning of 2020, the stock was fluctuating between ₹500 to ₹700. However, the share price of SBI Cards Limited accelerated and touched a year high of ₹918.75. After several ups and downs, the stock finally ended the year with a better stock price.

If we talk about the SBI Cards stock returns, the stock has performed exceptionally well in the last few years and the prices have only increased. However, due to the COVID-19 pandemic, the company did suffer in the beginning.

But if you bought the stock in 2020 and if you wish to sell it now, you may get an impressive return of about 50%. So, your investment was a wiser choice, if you did.

SBI Cards Limited Listings and Indices

SBI Cards and Payment Services Limited is listed on major stock exchanges of India, like NSE and BSE. Its listing particulars include the incorporation date, key listing information, public issue date, book closure dates, etc. Let us have a look at the listing information.

Listing on Stock Exchanges

SBI Cards shares are listed on two major stock exchanges in India- the National Stock Exchange of India Limited, and the Bombay Stock Exchange.

Part of Indices

SBI Cards is a part of the following indices:

• Nifty 100
• Nifty 200
• Nifty 500
• NIFTY 500 Multicap 50:25:25 Index
• Nifty LargeMidcap 250
• Nifty Next 50
• Nifty100 Equal Weight
• S&P BSE 100 Large Cap TMC Index
• S&P BSE 200
• S&P BSE 250 LargeMidCap Index
• S&P BSE 500
• S&P BSE AllCap
• S&P BSE Diversified Financials
• S&P BSE Finance
• S&P BSE LargeCap
• S&P BSE LargeMidCap

Should You Invest in SBI Cards Limited?

Known as the second-largest credit card issuer company in the country, SBI Card holds a market share of 17.6% and 18.1% in the Indian credit card market. Moreover, the company renders an extensive credit card portfolio to corporate clients and individual card holders, including lifestyle style rewards travel, fuel shopping banking partnership cards, etc.

According to the Reserve Bank of India (RBI), the company has evolved its business quicker than the Indian credit card industry itself over the past three years. The RBI also reported that the company’s total credit card spends increased at a CAGR of 54.2% when compared to a CAGR of 35.6% for the entire credit card industry.

Besides, if you ponder over the stock performance of the company, you can totally conclude that its stock has only improved over the past years. Surely, it had its ups and downs during the pandemic, but the company returned on track and is performing well. So, if you have a long-term investment goal, investing in SBI Cards could be a wise choice.

FAQ’s about SBI Card Share Price