−42% from the high · +0.54% from the low
Short build-up into a 26-day expiry: futures OI +0.4% on a −2.6% day, the most call OI sits at 700, the most put OI at 600, max pain 600.
SBICARD futures closed at ₹565.10, +0.3% to spot, with 95% of open interest in the 27 Oct contract, and the 560 straddle prices a move of about ±7.0% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹565.10 | +1.90+0.3% | +4.7% | 20,000▼ −0.1% · −22 lots | 95 | 4,100 |
| 23 Nov53 days | ₹567.05 | +3.85+0.7% | +4.7% | 990▲ +5.6% · +52 lots | 4.6 | 180 |
| 29 Dec89 days | ₹568.85 | +5.65+1.0% | +4.1% | 70▲ +218.2% · +48 lots | 0.33 | 80 |
4.9% of futures OI sits beyond the 27 Oct contract · 43 of 56 listed contracts traded · 11,000 option contracts changed hands
The 560 straddle closed at ₹39.25 (call 22.40 + put 16.85), pricing a move of about ±7.0% by the 27 Oct expiry. In the last 253 windows of 19 sessions, SBICARD moved more than that 78 times.
After the last 6 bulletins, SBICARD closed higher five sessions later in 5 of 6.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 28 JulSBI Cards shares rise after Q1 results and CLSA upgrade | ▲ +1.5%Nifty 0.0% · +1.6 pp | ▲ +2.4%Nifty +1.1% · +1.3 pp | ▲ +2.0%Nifty +2.6% · −0.6 pp | ▼ −7.1%short covering |
| 27 JulSBI Cards shares rise after Q1 results and CLSA upgrade | ▲ +1.5%Nifty 0.0% · +1.6 pp | ▲ +2.4%Nifty +1.1% · +1.3 pp | ▲ +2.0%Nifty +2.6% · −0.6 pp | ▼ −7.1%short covering |
| 29 JanSBI Card Q3 profit rises 45% YoY on strong spending | ▼ −1.7%Nifty +0.3% · −2.0 pp | ▼ −3.7%Nifty −0.1% · −3.6 pp | ▼ −4.2%Nifty +1.7% · −5.9 pp | ▲ +8.0%short build-up |
| 25 DecMorgan Stanley warns of steep decline for SBI Cards | ▼ −0.3%Nifty −0.4% · 0.0 pp | ▼ −2.0%Nifty −0.8% · −1.3 pp | ▲ +1.0%Nifty +0.7% · +0.3 pp | ▲ +14.2%short build-up |
| 25 DecMorgan Stanley warns of steep fall for SBI Cards | ▼ −0.3%Nifty −0.4% · 0.0 pp | ▼ −2.0%Nifty −0.8% · −1.3 pp | ▲ +1.0%Nifty +0.7% · +0.3 pp | ▲ +14.2%short build-up |
| 20 NovSBI Cards rating upgraded by Elara Securities | ▲ +1.2%Nifty +0.5% · +0.7 pp | ▲ +1.7%Nifty +0.1% · +1.6 pp | ▲ +1.9%Nifty +0.6% · +1.3 pp | ▼ −11.9%short covering |
Revenue ₹5,041 cr, +3.4% on a year earlier; profit ₹664 cr, +20% in the Jun 2026 quarter, standalone.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 24 Jul | ₹5,041 cr | ▲ +3.4% | ₹664 cr | ▲ +20% | 6.98 | ▲ +4.2%Nifty +1.0% · +3.3 pp |
| Mar 2026filed 27 Apr · audited | ₹4,935 cr | ▲ +5.6% | ₹609 cr | ▲ +14% | 6.40 | ▼ −3.5%Nifty −0.4% · −3.1 pp |
| Dec 2025filed 28 Jan | ₹5,127 cr | ▲ +11% | ₹557 cr | ▲ +45% | 5.85 | ▼ −1.7%Nifty +0.3% · −2.0 pp |
| Sept 2025filed 24 Oct | ₹4,961 cr | ▲ +12% | ₹445 cr | ▲ +10% | 4.67 | ▼ −3.0%Nifty +0.7% · −3.7 pp |
| Jun 2025filed 25 Jul | ₹4,877 cr | ▲ +12% | ₹556 cr | ▼ −6.5% | 5.84 | ▼ −5.8%Nifty −0.6% · −5.2 pp |
| Mar 2025filed 25 Apr · audited | ₹4,674 cr | ▲ +7.5% | ₹534 cr | ▼ −19% | 5.61 | ▼ −6.4%Nifty −0.9% · −5.5 pp |
| Dec 2024filed 28 Jan | ₹4,619 cr | ▼ −0.07% | ₹383 cr | ▼ −30% | 4.03 | ▲ +0.3%Nifty +0.9% · −0.6 pp |
| Sept 2024filed 29 Oct | ₹4,421 cr | ▲ +8.2% | ₹404 cr | ▼ −33% | 4.25 | ▼ −0.2%Nifty −0.5% · +0.3 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹19,900 cr | ▲ +10% | ₹2,167 cr | ▲ +13% | 22.76 |
| FY25to Mar 2025 | ₹18,072 cr | ▲ +6.5% | ₹1,916 cr | ▼ −20% | 20.14 |
| FY24to Mar 2024 | ₹16,969 cr | — | ₹2,408 cr | — | 25.33 |
SBICARD trades at 24 times trailing earnings against 22 for its industry, 3.4 times book value, revenue +7.9% over twelve months, a 0.89% dividend yield, market cap ₹54,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| BAJFINANCEBajaj Finance Limited | 5,90,000 cron 1 Oct | 29consolidated | 5.0 | ₹948.30 |
| SHRIRAMFINShriram Finance Limited | 2,20,000 cron 1 Oct | 17consolidated | 3.4 | ₹945.00 |
| TATACAPTata Capital Limited | 1,40,000 cron 1 Oct | — | 2.9 | ₹319.30 |
| CHOLAFINCholamandalam Investment and Finance Company Limited | 1,30,000 cron 1 Oct | 23consolidated | 4.4 | ₹1,580.00 |
| MUTHOOTFINMuthoot Finance Limited | 1,10,000 cron 1 Oct | 9.5consolidated | 2.7 | ₹2,697.10 |
| LTFL&T Finance Limited | 66,000 cron 1 Oct | 21consolidated | 2.4 | ₹264.35 |
| SBICARDSBI Cards and Payment Services Limited | 54,000 cron 1 Oct | 24standalone | 3.4 | ₹563.20 |
| HDBFSHDB Financial Services Limited | 51,000 cron 1 Oct | — | 2.5 | ₹618.20 |
| SUNDARMFINSundaram Finance Limited | 49,000 cron 1 Oct | — | 3.3 | ₹4,395.90 |
| PIRAMALFINPiramal Finance Limited | 48,000 cron 1 Oct | — | 1.7 | ₹2,023.30 |
| AIILAuthum Investment & Infrastructure Limited | 46,000 cron 1 Oct | — | 3.1 | ₹539.30 |
| M&MFINMahindra & Mahindra Financial Services Limited | 44,000 cron 1 Oct | — | 1.7 | ₹319.75 |
| POONAWALLAPoonawalla Fincorp Limited | 38,000 cron 1 Oct | — | 3.7 | ₹433.40 |
| MANAPPURAMManappuram Finance Limited | 29,000 cron 1 Oct | 15consolidated | 1.8 | ₹308.90 |
| IIFLIIFL Finance Limited | 25,000 cron 1 Oct | — | 1.6 | ₹583.80 |
| CGCLCapri Global Capital Limited | 24,000 cron 1 Oct | — | 3.3 | ₹249.25 |
| FIVESTARFive-Star Business Finance Limited | 15,000 cron 1 Oct | — | 2.0 | ₹506.25 |
| SBFCSBFC Finance Limited | 9,300 cron 1 Oct | — | 2.5 | ₹84.20 |
| PAISALOPaisalo Digital Limited | 7,300 cron 1 Oct | — | 4.1 | ₹79.90 |
| BENGALASMBengal & Assam Company Limited | 6,900 cron 1 Oct | — | — | ₹6,088.00 |
| FEDFINAFedbank Financial Services Limited | 5,600 cron 1 Oct | — | 1.9 | ₹149.75 |
| MASFINMAS Financial Services Limited | 5,000 cron 1 Oct | — | 1.6 | ₹272.85 |
| NORTHARCNorthern Arc Capital Limited | 4,700 cron 1 Oct | — | 1.2 | ₹288.70 |
| SGFINSG Finserve Limited | 4,200 cron 1 Oct | — | 2.9 | ₹631.85 |
| AYEAye Finance Limited | 4,000 cron 1 Oct | — | 1.6 | ₹163.30 |
| INDOSTARIndoStar Capital Finance Limited | 3,300 cron 1 Oct | — | 0.88 | ₹206.35 |
| MUFINMufin Green Finance Limited | 2,600 cron 1 Oct | — | 4.5 | ₹130.60 |
| ARMANFINArman Financial Services Limited | 1,900 cron 1 Oct | — | 2.0 | ₹1,764.40 |
| PFSPTC India Financial Services Limited | 1,900 cron 1 Oct | — | 0.60 | ₹28.80 |
| GRANDOAKGrand Oak Canyons Distillery Limited | 1,800 cron 1 Oct | — | — | ₹34.80 |
| FEDDERSHOLFedders Holding Limited | 1,300 cron 1 Oct | — | — | ₹63.65 |
| UGROCAPUgro Capital Limited | 1,300 cron 1 Oct | — | 0.44 | ₹82.35 |
| AKCAPITAK Capital Services Limited | 1,100 cron 1 Oct | — | — | ₹1,714.10 |
| ZSARACOMSaraswati Commercial India Limited | 1,100 cron 1 Oct | — | — | ₹10,017.00 |
| CRESTCrest Ventures Limited | 1,000 cron 1 Oct | — | 0.77 | ₹362.35 |
| FINKURVEFinkurve Financial Services Limited | 990 cron 1 Oct | — | 2.9 | ₹70.55 |
| CIFLCapital India Finance Limited | 810 cron 1 Oct | — | 1.2 | ₹20.75 |
| ARYAMANAryaman Financial Services Limited | 760 cron 1 Oct | — | — | ₹624.00 |
| MANBAManba Finance Limited | 700 cron 1 Oct | — | 1.7 | ₹139.00 |
| LAXMIINDIALaxmi India Finance Limited | 620 cron 1 Oct | — | 1.3 | ₹119.00 |
| DHUNINVDhunseri Investments Limited | 590 cron 1 Oct | — | 0.17 | ₹967.30 |
| KIRANVYPARKiran Vyapar Limited | 490 cron 1 Oct | — | — | ₹179.20 |
| CSLFINANCECSL Finance Limited | 470 cron 1 Oct | — | 0.76 | ₹208.35 |
| MANCREDITMangal Credit and Fincorp Limited | 460 cron 1 Oct | — | 2.7 | ₹218.95 |
| MONEYBOXXMoneyboxx Finance Limited | 360 cron 30 Sept | — | 1.2 | ₹52.30 |
| AVONMOREAvonmore Capital & Management Services Limited | 360 cron 1 Oct | — | 0.71 | ₹12.80 |
| MUTHOOTCAPMuthoot Capital Services Limited | 360 cron 1 Oct | — | 0.54 | ₹218.10 |
| AFILAkme Fintrade (India) Limited | 350 cron 1 Oct | — | 0.82 | ₹7.85 |
| STARTECKStarteck Finance Limited | 290 cron 1 Oct | — | 1.1 | ₹290.95 |
| CPCAPCP Capital Limited | 260 cron 1 Oct | — | 0.45 | ₹140.85 |
| SAHLIBHFIShalibhadra Finance Limited | 240 cron 1 Oct | — | 1.4 | ₹78.75 |
| ALFREDHEAlfred Herbert India Limited | 220 cron 1 Oct | — | — | ₹2,823.00 |
| TEAMGTYTeam India Guaranty Limited | 210 cron 1 Oct | — | 4.4 | ₹235.10 |
| BAIDFINBaid Finserv Limited | 160 cron 1 Oct | — | 0.69 | ₹10.30 |
| SONALSonal Mercantile Limited | 130 cron 1 Oct | — | — | ₹87.55 |
| ASSAMENTAssam Entrade Limited | 120 cron 1 Oct | — | — | ₹799.00 |
| VGCLVibrant Global Capital Limited | 110 cron 1 Oct | — | — | ₹47.90 |
| OPTIFINOptimus Finance Limited | 110 cron 1 Oct | — | — | ₹14.45 |
| MUKESHBMukesh Babu Financial Services Limited | 90 cron 1 Oct | — | — | ₹128.80 |
| TFLTranswarranty Finance Limited | 65 cron 1 Oct | — | 2.3 | ₹11.80 |
| LADDERUPLadderup Finance Limited | 65 cron 16 Sept | — | — | ₹60.95 |
| ODYCORPOdyssey Corporation Limited | 62 cron 1 Oct | — | — | ₹6.90 |
| ADVIKCAAdvik Capital Limited | 61 cron 1 Oct | — | — | ₹1.00 |
| TRUTruCap Finance Limited | 50 cron 1 Oct | — | 0.98 | ₹4.20 |
| HBSLHB Stockholdings Limited | 41 cron 1 Oct | — | 0.52 | ₹57.05 |
| KJMCFINKJMC Financial Services Limited | 28 cron 1 Oct | — | — | ₹58.40 |
| TCIFINANCETCI Finance Limited | 19 cron 1 Oct | — | — | ₹14.70 |
| ASHIKAGAshika Global Securities Limited | — | — | — | — |
| CAPTRUSTCapital Trust Limited | — | — | — | — |
| RSDFINRSD Finance Limited | — | — | — | — |
| UYFINCORPU. Y. Fincorp Limited | — | — | — | — |
| VIJIFINViji Finance Limited | — | — | — | — |
Promoters hold 68.9%, foreign portfolio investors 9.0%, mutual funds 10.8% and insurance companies 6.6%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 68.86▼ −0.06 pp | 68.92▲ +0.34 pp | 68.58▼ −0.01 pp | 68.590.00 pp | 68.59 |
| Foreign portfolio investors | 8.98▼ −0.56 pp | 9.54▼ −0.60 pp | 10.14▲ +0.04 pp | 10.10▼ −0.13 pp | 10.23 |
| Mutual funds | 10.80▲ +0.15 pp | 10.65▲ +0.34 pp | 10.31▲ +0.24 pp | 10.07▲ +0.23 pp | 9.84 |
| Insurance companies | 6.56▲ +0.01 pp | 6.55▼ −0.04 pp | 6.59▼ −0.16 pp | 6.75▲ +0.01 pp | 6.74 |
| Banks and financial institutions | 0.77▼ −0.15 pp | 0.92▼ −0.02 pp | 0.940.00 pp | 0.94▲ +0.02 pp | 0.92 |
| Individual investors | 3.56▲ +0.54 pp | 3.02▼ −0.08 pp | 3.10▼ −0.15 pp | 3.25▼ −0.15 pp | 3.40 |
| Bodies corporate | 0.28▲ +0.03 pp | 0.25▲ +0.07 pp | 0.18▲ +0.03 pp | 0.150.00 pp | 0.15 |
| Others | 0.19▲ +0.04 pp | 0.15▼ −0.01 pp | 0.160.00 pp | 0.16▲ +0.03 pp | 0.13 |
Nothing upcoming on record; the last was a dividend of ₹2.50 a share, ex-date 11 Mar 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 11 Mar 2026 | dividend | ₹2.50 | 11 Mar 2026 | BSE |
| 25 Feb 2025 | dividend | ₹2.50 | 25 Feb 2025 | BSE |
| 28 Mar 2024 | dividend | ₹2.50 | 28 Mar 2024 | BSE |
SBICARD is −11.3% over 20 sessions against Nifty's −6.2%, 42% below its 52-week high, realised volatility 36% annualised.
| Window | From ₹ | SBICARD % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹873.86 | ▼ −36% | ▼ −9.1% | −26 |
| 120 sessionssince 9 Apr | ₹668.88 | ▼ −16% | ▼ −5.7% | −10 |
| 60 sessionssince 8 Jul | ₹585.08 | ▼ −3.7% | ▼ −6.1% | +2.4 |
| 20 sessionssince 2 Sept | ₹635.16 | ▼ −11% | ▼ −6.2% | −5.1 |
| 5 sessionssince 24 Sept | ₹618.43 | ▼ −8.9% | ▼ −2.8% | −6.1 |
| 1 sessionsince 30 Sept | ₹578.06 | ▼ −2.6% | ▼ −0.88% | −1.7 |
OI Charts is not a SEBI-registered investment adviser or research analyst. Prices, open interest, filings and the desk read are exchange data and arithmetic on it, not a basis for any investment decision.