SBI Cards issues credit cards in India, mostly through the State Bank of India's branch and digital channels, and earns its money from interchange, card fees and interest on revolving balances. Its structural edge is distribution: the parent bank's customer base gives it a low-cost funnel that most card rivals spend heavily to build, and India's card penetration is still low enough that the runway is long. The near-term driver is loan growth, with revenue up 23.4% in the latest data and an operating margin of 26.7%, which suggests the book is expanding without the cost base running away. The stock trades at 23.7 times trailing earnings but 16.0 times forward, so the market is pricing in a meaningful step-up in earnings, which is the assumption to test. The obvious risks are credit quality in unsecured lending, rate-cycle sensitivity and regulatory pressure on card fees, and those are where the deeper work should start.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
Trades are only made public after a delay. We show the delay so you know how old the news is.
Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | ₹637 | first publication | ₹566 |
Answered from SBI Cards and Payment Services Limited fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| SBICARD.NS SBI Cards and Payment Services Limited | ₹545.55 | - | - | 22.8x | - | 61 | 55 |
| CACC Credit Acceptance Corporation Common Stock | $558.90 | $814 | 31% below | 12.0x | 31.9% | 82 | 75 |
| KLAR Klarna Group plc Ordinary Shares | $13.23 | - | - | - | -4.3% | 35 | 43 |
| SLMBP SLM Corporation Floating Rate Non-Cumulative Preferred Stock Series B | $71.44 | - | - | 33.3x | 30.3% | 86 | 53 |
| LTF.NS L&T Finance Limited | ₹244.10 | - | - | 17.9x | 12.3% | 72 | 67 |
| SEZL Sezzle Inc. Common Stock | $139.30 | $108 | 29% above | 29.9x | 88.8% | 91 | 86 |
| SUNDARMFIN.NS Sundaram Finance Limited | ₹4064.60 | - | - | 19.8x | - | 76 | 62 |
Where SBICARD.NS ranks against its sector peers on each metric.