Buy SBI Cards and Payment Services, target price Rs 855: Anand Rathi

Anand Rathi has buy call on SBI Cards and Payment Services with a target price of Rs 855. The current market price of SBI Cards and Payment Services Ltd. is Rs 726.45 .

SBI Cards and Payment Services Ltd., incorporated in the year 1998, is a Small Cap company (having a market cap of Rs 69140.17 Crore) operating in Financial Services sector.

SBI Cards and Payment Services Ltd. key Products/Revenue Segments include Fees & Commission Income, Interest, Other Services, Sale of services and Commission for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Standalone Total Income of Rs 4474.57 Crore, down -5.63 % from last quarter Total Income of Rs 4741.60 Crore and up 14.25 % from last year same quarter Total Income of Rs 3916.57 Crore. Company reported net profit after tax of Rs 662.37 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 68.63 per cent stake in the company as of 31-Mar-2024, while FIIs owned 8.59 per cent, DIIs 16.68 per cent.