SBI Funds Management Q2 FY27 Share Price & Earnings Call Analysis

₹482.35+0.80% today
Market cap
₹98,246 Cr
P/E
32.50
ROE
43.02%
PEG
1.02
Price to sales
19.75
Debt to equity
0.00
52W high / low
₹625 / ₹434
Sales growth (5Y)
25.17%
EBITDA margin
81.55%
Net profit margin
61.67%
Promoter holding
88.19%
Sales (last year)
₹4,974 Cr

SBI Funds Management Ltd was incorporated in 1992 and received SEBI’s approval in 1993 to act as the asset management to SBI Mutual Fund. In 2004, the company became a joint venture when Société Générale Asset Management S.A. acquired a 37% stake in SBIMFL. The company serves both individuals as well as institutional investors offering diversified portfolio of mutual fund schemes across equity, debt, international and liquid schemes offering both actively managed and passive investment strategies.[1]

Guidance scorecard · Q2 FY27 call

What SBI Funds Management's management guided
and where it ranks in Capital Markets

#15of 25 in
Capital Markets

RevenueQ1 FY27 call

10–20%
  • QAAUM (Quarterly Average Assets Under Management) grew 11% YoY to ₹12.6 trillion, showing steady asset growth.
  • Operating revenue grew 15% YoY to ₹1,149 crores, with operating profit rising 17%.
  • SIP AUM increased by ₹2.1 trillion (15% YoY growth); monthly SIP inflows grew 14% to nearly ₹4,000 crores, with 1.7 million new SIPs added last quarter.
  • Alternate business (AIF, PMS, advisory) is a strategic growth area, expanded by 29% YoY; plans to launch new products and hire resources.
  • Digital initiatives and SBI distribution network expansion expected to drive further growth, especially in B30 markets (65% SIP contribution).

2 more points from SBI Funds Management's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what SBI Funds Management said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • SBI Funds Management Limited continues to invest strategically in scaling capabilities, technology upgradation, and long-term value creation.
  • Focus areas include digital delivery enhancement, AI integration (e.g., in research platform Neo and distributor apps), and strengthening investment management capabilities.
  • Investment emphasis on building new growth engines like alternatives (AIF, PMS) with hiring and product launches planned this quarter.

2 more points from SBI Funds Management's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what SBI Funds Management said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what SBI Funds Management said on the order book →

Full Q1 FY27 analysis

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Capital Markets
on management's own guidance

  1. 2
  2. BSEGood growth
    1
  3. 3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Capital Markets companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1BSE20–40%Flat₹1.43L Cr50.6
2Nippon Life India Asset Management Ltd20–40%Flat₹57,947 Cr35.4
3Motilal Oswal Financial Services Ltd20–40%Flat₹56,798 Cr28.7
420–40%Flat₹37,393 Cr82.4
520–40%Flat₹32,034 Cr29.6
620–40%Flat₹14,710 Cr41.2

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Financials of SBI Funds Management

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

SBI Funds Management

Shareholding breakup across reporting periods.

Sep 2026
Promoters +88.19%
FIIs +1.43%
DIIs +4.19%
Public +6.21%
No. of Shareholders12,12,931

Financials of SBI Funds Management

Quarterly Results

Quarter-by-quarter operating performance

Jun 2025Sep 2025Mar 2026Jun 2026Sep 2026
Sales +1,0011,0951,1391,1531,193
Expenses +214229221230280
Operating Profit787866918923913
OPM %79%79%81%80%77%
Other Income +331108-4324250
Interest22226
Depreciation1111121215
Profit before tax1,1069618611,151941
Tax %23%22%26%24%25%
Net Profit +849746634880701
EPS in Rs4.183.673.114.323.44

Financials of SBI Funds Management

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +4525517771,2721,3171,6191,9852,4053,4244,2354,974
Expenses +205292436755491446533603708823918
Operating Profit2482593425178261,1731,4511,8022,7163,4114,056
OPM %55%47%44%41%63%72%73%75%79%81%82%
Other Income +1211222619151616
Interest00004445899
Depreciation510131530323334374044
Profit before tax2432513305037941,1391,4401,7822,6863,3794,020
Tax %33%34%32%34%24%24%25%25%23%25%24%
Net Profit +1641652243316068631,0821,3402,0732,5403,067
EPS in Rs1.663.034.315.386.6510.2312.5015.06
Dividend Payout %34%3,637%31%21%25%17%14%13%10%0%0%

Financials of SBI Funds Management

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital50505050505050505151204204
Reserves4905837239711,9392,5283,5364,7016,6978,2475,7597,355
Borrowings +0000065000000
Other Liabilities +138151214273172190211232359474457746
Total Liabilities6787849871,2942,1612,8333,7984,9847,1078,7726,4208,305
Fixed Assets +172178177176236224223231257270391570
CWIP00220032011000
Investments2553384986121,7492,4083,3954,6096,6458,1115,7047,324
Other Assets +252268310505176201176141205281325411
Total Assets6787849871,2942,1612,8333,7984,9847,1078,7726,4208,305

Financials of SBI Funds Management

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1542101667457181,0081,1991,4381,9922,488
Cash from Investing Activity +-98-133-85-623-484-841-973-1,305-9382,974
Cash from Financing Activity +-66-72-84-121-232-172-228-132-1,043-5,458
Net Cash Flow-95-421-5-22124
Free Cash Flow1381971527327159971,1881,4281,8732,460
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit95%93%67%114%84%93%91%72%81%87%

Financials of SBI Funds Management

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days151511291199911116
Inventory Days
Days Payable
Cash Conversion Cycle151511291199911116
Working Capital Days-28-11-2520-6-13-11-17-15-13-10
ROCE %43%47%56%49%46%43%47%45%56%

What SBI Funds Management's management said in earlier quarters

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