SBI Funds Management Ltd (SBI AMC) - Unlisted Shares
Fundamentals
- Current Price
- ₹10
- Market Cap
- ₹506.81 Cr
- ISIN
- INE640G01021
- Face Value
- ₹1
- P/E Ratio
- 0.24
- EPS
- 40.9
- P/B Ratio
- 0.11
- Book Value
- 95.0
- Debt / Equity Ratio
- 0
Key Financials
Profit & Loss
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 3,273 | 2,303.3 | 1,958.0 | 1,611.1 | 1,252.3 | 1,495.7 |
| Growth % | 42.1% | 17.64% | 21.53% | 28.65% | -16.28% | 0 |
| Operating Expenses | 708 | 602.6 | 533.5 | 446.3 | 490.9 | 897.5 |
| Growth % | 17.5% | 12.97% | 19.52% | -9.08% | -45.30% | 0 |
| Operating Profit | 2,565 | 1,700.7 | 1,424.5 | 1,164.7 | 761.4 | 598.2 |
| Op. Profit Margin % | 78.4% | 73.84% | 72.75% | 72.30% | 60.80% | 40.00% |
| Other Income | 165 | 120.0 | 52.6 | 9.7 | 66.3 | 66.3 |
| Finance Costs | 8 | 5.3 | 4.4 | 4.0 | 3.6 | 0.0 |
| Depreciation | 37 | 33.8 | 33.2 | 31.7 | 30.2 | 16.7 |
| Profit Before Tax | 2,686 | 1,781.6 | 1,439.5 | 1,138.8 | 793.7 | 647.8 |
| Tax | 613 | 441.9 | 357.1 | 276.1 | 188.4 | 217.7 |
| Tax % | 22.8% | 24.80% | 24.81% | 24.25% | 23.74% | 33.61% |
| Profit After Tax | 2,073 | 1,339.7 | 1,082.4 | 862.7 | 605.3 | 430.1 |
| Growth % | 54.7% | 23.78% | 25.47% | 42.51% | 40.73% | 0 |
| PAT % | 63.3% | 58.17% | 55.28% | 53.55% | 48.34% | 28.76% |
| Diluted EPS | 40.9 | 26.5 | 21.5 | 17.2 | 12.1 | 8.6 |
Company Financials
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|
| Equity Capital | 50.6 | 50.3 | 50.3 | 50.1 | 50.0 | 50.0 |
| Reserves | 6,697.2 | 4,701.1 | 3,536.4 | 2,528.5 | 1,939.4 | 1,327.6 |
| Total Equity | 6,747.8 | 4,751.4 | 3,586.7 | 2,578.5 | 1,989.4 | 1,377.6 |
| Total NC Liabilities | 135.7 | 128.6 | 114.0 | 117.1 | 93.3 | 108.3 |
| Total Current Liabilities | 223.3 | 103.9 | 97.2 | 137.4 | 78.6 | 150.3 |
| Equity + Liabilities | 7,106.8 | 4,983.9 | 3,797.9 | 2,833.0 | 2,161.3 | 1,636.2 |
| Fixed Assets (incl. WIP) | 256.9 | 233.4 | 226.3 | 224.2 | 278.8 | 346.2 |
| Other Non Current Assets | 84.9 | 44.9 | 37.4 | 65.5 | 52.3 | 52.3 |
| Total NC Assets | 341.8 | 278.2 | 263.7 | 289.7 | 331.2 | 398.5 |
| Trade Receivables | 107.7 | 56.6 | 48.2 | 41.7 | 40.3 | 40.3 |
| Cash & Cash Equivalents | 3.7 | 31.1 | 32.8 | 85.5 | 7.8 | 7.8 |
| Other Current Assets | 6,653.6 | 4,618.0 | 3,453.2 | 2,416.1 | 1,782.0 | 1,189.5 |
| Total Current Assets | 6,765.0 | 4,705.7 | 3,534.2 | 2,543.3 | 1,830.1 | 1,237.7 |
| Total Assets | 7,106.8 | 4,983.9 | 3,797.9 | 2,833.0 | 2,161.3 | 1,636.2 |
Shareholding Pattern
- State Bank of India
- 62.2%
- Amundi India Holding
- 36.5%
- Others
- 1.3%
Strengths & Weaknesses
Strengths
- High Credit Rating: SBI FML has a high credit rating of ‘CARE AAA; Stable’, indicating the company’s high stability.
- AUM Milestone: In Jun’24, its AUM touched ₹10 Lakh Cr.
- Leading ETF Player: Largest ETF player in FY24 with a market share of 43%.
- SIP Growth: SIPs had a YoY growth of 30% in FY24 at ₹3K Cr.
- Growing M-Cap: Market share grew from 13.8% in FY20 to 16.7% in FY24, the highest among top peers despite being the market leader.
- Outperforming Peers in Revenue: Revenue had a YoY growth of ~42% in FY24 at ₹3.4K Cr, outperforming its top peers
- Increasing Profitability: PAT had a CAGR growth of 37% from ₹430 Cr in FY19 to 2K Cr in FY24 with YoY growth of ~55% in FY24. EPS increased by 54% in FY24 to ~₹40
Weaknesses
- No weakness identified.
About SBI Funds Management Ltd (SBI AMC)
SBI FML, the investment manager of SBI Mutual Fund, was incorporated on 7th Feb’92
Board of Directors
- Mr. Dinesh Kumar Khara - Associate Director
- Mr. Fathi Jerfel - Associate Director
- Mr. Swaminathan Janakiraman - Associate Director
- Mr. Shamsher Singh - MD & CEO
- Mr. Denys de Campigneulles - Deputy CEO
- Mr. Moiz Miyajiwala - Independent Director
- Mr. Shekhar Bhatnagar - Independent Director
- Mrs. Sudha Krishnan - Independent Director
- Mr. C. N. Ram - Independent Director
- Dr. T. T. Ram Mohan - Independent Director
- Mr. Julien Fontaine - Associate Director
Senior Management
- Mr. Shamsher Singh - MD & CEO
- Mr. Denys de Campigneulles - Deputy CEO
- Mr. D.P. Singh - CBO
- Mr. R. S. Srinivas Jain - Chief of Strategy
- Mr. R Srinivasan - CIO - Equity
- Mr. Rajeev Radhakrishnan, CFA - CIO - Fixed Income
- Aparna Nirgude - ED & CRO
- Ganesan Sonaimuthu - COO
- Vinaya Datar - CCO & CS
- Mr. C.A. Santosh - Investor Relations