Update shared on 19 Nov 2025
Fair value Increased 13%Analysts have raised their price target for State Bank of India from ₹953.60 to ₹1,074.18, citing improved forecasts for revenue growth as well as a modest upward revision in future valuation multiples.
What's in the News
- State Bank of India is preparing to sell a 6 percent stake, or 3.20 crore shares, in its subsidiary SBI Fund Management through an Initial Public Offering. Completion is expected within the year (Key Developments).
- Amundi India Holding, co-promoter of SBI Fund Management, will divest a 3.70 percent stake, or 1.88 crore equity shares, as part of the same IPO process (Key Developments).
- A Board Meeting is scheduled for November 4, 2025, to consider the financial results for the quarter ended September 30, 2025 (Key Developments).
Valuation Changes
- Consensus Analyst Price Target has risen from ₹953.60 to ₹1,074.18, reflecting a more optimistic outlook.
- Discount Rate has edged up slightly from 14.76 percent to 14.78 percent.
- Revenue Growth estimates have improved, with the projected decline narrowing from -3.72 percent to -1.80 percent.
- Net Profit Margin is marginally lower, moving from 29.70 percent to 29.57 percent.
- Future P/E multiple has increased from 15.85x to 16.58x, which indicates a more favorable valuation.
Disclaimer
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