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SBI Funds Management Ltd. (SBIFML), with 36 years of experience, is a joint venture between the State Bank of India (SBI) and AMUNDI, a global fund management company. SBI holds a 63% stake, while AMUNDI owns the remaining 37%. This partnership, formalized in April 2011, aims to develop SBIFML into an internationally reputable asset management company, adopting global best practices and maintaining international standards.
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 1437 | 1958 | 2303 | 3273 |
| Cost of Material Consumed | 0 | 0 | 0 | 0 |
| Gross Margins | 100 | 100 | 100 | 100 |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Employee Benefit Expenses | 240 | 288 | 326 | 368 |
| Other Expenses | 216 | 138 | 276 | 339 |
| EBITDA | 981 | 1532 | 1701 | 2566 |
| OPM | 68.27 | 78.24 | 73.86 | 78.4 |
| Other Income | 19 | 52 | 109 | 165 |
| Finance Cost | 4 | 4.4 | 5 | 8 |
| D&A | 31 | 33 | 34 | 37 |
| EBIT | 950 | 1499 | 1667 | 2529 |
| EBIT Margins | 66.11 | 76.56 | 72.38 | 77.27 |
| PBT | 1138 | 1439 | 1782 | 2686 |
| PBT Margins | 79.19 | 73.49 | 77.38 | 82.07 |
| Tax (2021) | 276 | 357 | 442 | 613 |
| PAT | 862 | 1082 | 1340 | 2073 |
| NPM | 59.99 | 55.26 | 58.18 | 63.34 |
| EPS | 17.24 | 21.64 | 26.64 | 40.98 |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 68.27 | 78.24 | 73.86 | 78.4 |
| Net Profit Margin | 59.99 | 55.26 | 58.18 | 63.34 |
| Earning Per Share (Diluted) | 17.24 | 21.64 | 26.64 | 40.98 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 159 | 220 | 227 | 257 |
| CWIP | 0 | 0 | 2 | 0 |
| Investments | 2408 | 3395 | 4609 | 6645 |
| Trade Receivables | 42 | 48 | 56 | 108 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Assets | 224 | 135 | 90 | 97 |
| Total Assets | 2833 | 3798 | 4984 | 7107 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 50 | 50 | 50.3 | 50.58 |
| FV | 1 | 1 | 1 | 1 |
| Reserves | 2528 | 3536 | 4701 | 6697 |
| Borrowings | 0 | 0 | 0 | 0 |
| Trade Payables | 16 | 16 | 15 | 20 |
| Other Liabilities | 239 | 196 | 217.7 | 339.42 |
| Total Liabilities | 2833 | 3798 | 4984 | 7107 |
| Cash-Flow Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| PBT | 1138 | 1429 | 1771 | 2674 |
| OPBWC | 992 | 1343 | 1596 | 2016 |
| Change in Receivables | -1.41 | -6.45 | -8.3 | -51 |
| Change in Inventories | 0 | 0 | 0 | 0 |
| Change in Payables | 1.61 | 0.57 | -1.3 | 4 |
| Other Changes | -6.3 | 12.3 | 49.8 | -1 |
| Working Capital Change | -6.1 | 6.42 | 40.2 | -48 |
| Cash Generated From Operations | 985.9 | 1349.42 | 1636.2 | 1968 |
| Tax | -268 | -341.5 | -437 | -530 |
| Cash Flow From Operations | 717.9 | 1007.92 | 1199.2 | 1438 |
| Purchase of PPE | -1451.6 | -2930 | -4251 | -11 |
| Sale of PPE | 964 | 2082 | 3212 | 0 |
| Cash Flow From Investment | -484 | -841.1 | -973.3 | -1304 |
| Borrowing | 0 | 0 | 0 | 0 |
| Divided | -247.4 | 0 | -176 | -202 |
| Equity | 15 | 52 | 13.6 | 100.7 |
| Others From Financing | 0 | -223.6 | -65.3 | -30.7 |
| Cash Flow from Financing | -232.4 | -171.6 | -227.7 | -132 |
| Net Cash Generated | 1.5 | -4.78 | -1.8 | 2 |
| Cash at the Start | 7.8 | 9.2 | 4.1 | 2 |
| Cash at the End | 9.3 | 4.42 | 2.3 | 4 |
| Shareholding Pattern | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| State Bank of India | 62.21% | 62.21% | 62.21% | 62.21% |
| Amundi India holding | 36.54% | 36.54% | 36.54% | 36.54% |
| Others | 1.25% | 1.25% | 1.25% | 1.25% |
