SBI Cards stocks: Buy SBI Cards and Payment Services, target price Rs 1105: ICICI Securities

has buy call on with a target price of Rs 1105. The current market price of SBI Cards and Payment Services is Rs 822.2. 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 76432.53 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-2022.

Financials

For the quarter ended 30-09-2022, the company reported a Standalone Total Income of Rs 3453.32 Crore, up 5.84 % from last quarter Total Income of Rs 3262.85 Crore and up 28.12 % from last year same quarter Total Income of Rs 2695.46 Crore. Company reported net profit after tax of Rs 525.64 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 69.64 per cent stake in the company as of 30-Jun-2022, while FIIs owned 8.29 per cent, DIIs 16.24 per cent.