Buy SBI Cards and Payment Services, target price Rs 1000: ICICI Direct

ICICI Direct has buy call on SBI Cards and Payment Services Ltd. with a target price of Rs 1000. The current market price of SBI Cards and Payment Services is Rs 767.45 Time period given by analyst is one year when SBI Cards and Payment Services Ltd. price can reach defined target.

SBI Cards and Payment Services Ltd., incorporated in the year 1998, is a Small Cap company (having a market cap of Rs 73105.30 Crore) operating in Financial Services sector.

SBI Cards and Payment Services Ltd. key Products/Revenue Segments include Interest, Fees & Other Charges, Other Services, Service Charges, Commission and Income From Sale Of Share & Securities for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Standalone Total Income of Rs 3016.10 Crore, down -3.94 % from last quarter Total Income of Rs 3139.66 Crore and up 22.20 % from last year same quarter Total Income of Rs 2468.14 Crore. Company reported net profit after tax of Rs 580.86 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 69.59 per cent stake in the company as of 31-Mar-2022, while FIIs owned 9.53 per cent, DIIs 12.41 per cent.