SBI posted a record-breaking December quarter with net profit of ₹21,028 crore, up 24.5% year-on-year, driven by a 9% rise in net interest income to ₹45,190 crore and a steady net interest margin of 2.99% despite a slight quarterly NIM dip after tax refunds adjustments.

MarketsMojo assigns SBI a Mojo Score of 71.0 (Buy), upgrading from Hold, reflecting improving fundamentals and market position.

Valuation remains premium but reasonable, with a price-to-book around 1.9 and ROA near 1.0%, despite modest annual profit growth of about 1.3%.

Full-year credit growth guidance was raised to 13-15% from the previous 12-14%, signaling healthy demand across retail and corporate segments.

SBI has repeatedly outperformed the BSE500 on multiple horizons, gaining roughly 18% over three months and 13% over one month, outpacing the broader index.

Longer-term stock performance remains strong, with about 53% one-year return, 105% over three years, 187% over five years, and a decade gain around 577%, vastly outpacing the Sensex.

Market capitalization stands near ₹9.84 lakh crore, capturing a large share of the public sector banking sector’s value, with annual sales around ₹4.75 lakh crore.

SBI hit an all-time intraday high of ₹1,135.8, underscoring strong market momentum as of February 9, 2026.

Analysts note stronger core earnings and asset quality, with a robust funding profile supporting premium valuations, as highlighted by a key research house.

Asset quality improved, with GNPA at 1.57% and NNPA at 0.39%, and a provision coverage ratio of 75.5%, described as among SBI’s best in years.

Loan book grew 15.6% year-on-year and 6.1% quarter-on-quarter, led by corporate and SME loan growth, with domestic loans up 7% QoQ and 15% YoY.

Analysts remain bullish, with multiple upgrades to earnings estimates and a majority of brokers rating SBI as a Buy.