South Indian Bank
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South Indian Bank share price

The South Indian Bank Ltd.

NSE: SOUTHBANK BSE: 532218 SECTOR: Bank - Private  164k   591   176

27.41
-0.20 (-0.72%)
BSE: Today, 04:01 PM

Price Summary

Today's High

₹ 27.89

Today's Low

₹ 26.9

52 Week High

₹ 36.9

52 Week Low

₹ 14.02

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 7170.25 Cr.

CASA %

32.98

No. of Shares

261.59 Cr.

P/E

6.42

P/B

0.84

Face Value

₹ 1

Div. Yield

1.09 %

Book Value (TTM)

₹  32.67

Net Interest Income

₹ 3012.08 Cr.

Cost To Income %

60.59

Promoter Holding

0 %

EPS (TTM)

₹  4.27

CAR %

17.25

ROE

12.37 %

ROCE

14.15%

Profit Growth

1623.11 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

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PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

ROE%

1 Year12.37%
3 Year4.76%
5 Year4.24%

ROA%

1 Year0.75%
3 Year0.29%
5 Year0.25%

Net NPA%

1 Year1.86%
3 Year3.18%
5 Year3.27%

 NIM

1 Year2.97%
3 Year2.72%
5 Year2.62%

CAR %

17.25

Cost of Liabilities %

4.27906883631537

PEG Ratio

0

Advances Growth %

16.3535575928033

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 0 0
Dec 2023 0 0
Sep 2023 0 0
Jun 2023 0 0
Mar 2023 0 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Good Capital Adequacy Ratio of 17.25%.
  • The company has delivered good Profit growth of 94.9638766224443% over the past 3 years.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is 0.285754225485285%
  • CASA Growth of -0.226465579240397% YoY, which is very low.
  • Company has a low ROE of 4.75839329177992% over the last 3 years.
  • The Bank has a high NPA ; Average NPA of the last 3 years stands at 3.18%.
  • Low other Income proportion of 11.2347206541013%.
  • High Cost to income ratio of 60.5897852614055%.
  • The company has delivered poor Income growth of -2.33211786211379% over the past 3 years.
  • Poor Advances growth of 2.70155795990226% in last 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Interest Earned 1898.27 1972.96 2025.04 2129 2184.09
Other Income -34.18 345.37 361.31 355.77 452.41
Interest Expended 1073.12 1115.78 1217.27 1298.42 1365.06
Operating Expenses 587.73 641 678.84 725.91 787.99
Total Provisions 41.43 38.99 198.5 51.25 48.55
Profit Before Tax 161.81 522.56 291.74 409.19 434.9
Tax 59.06 188.67 89.39 134.38 129.54
Net Profit 102.75 333.89 202.35 274.81 305.36
Net NPA % 2.26 1.86 1.85 1.7 1.61
Gross NPA % 5.48 5.14 5.13 4.96 4.74
Return on Assets % 0.38 1.26 0.73 0.97 1.05
NPM % 5.41 16.92 9.99 12.91 13.98

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Interest Earned 6876.52 7763.8 7305.44 6586.54 7233.18
Other Income 726.21 1045.75 1229.17 1034.1 812.63
Interest Expended 4856.82 5446.3 4898.54 4346.78 4221.1
Operating Expenses 1506.93 1717.61 1974.47 2026.29 2317.38
Total Provisions 858.48 1496.09 1574.94 1339.56 260.86
Profit Before Tax 380.5 149.55 86.66 -91.99 1246.47
Taxes 132.97 44.96 24.75 -136.97 471.38
Net Profit 247.53 104.59 61.91 44.98 775.09
Adjusted EPS (Rs.) 1.26 0.53 0.27 0.2 3.4

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 180.97 180.97 209.27 209.27 209.27
Total Reserves 5154.36 5293.83 5597.89 5643.86 6465.31
Deposits 80420.12 83033.89 82710.55 89142.11 91651.35
Borrowings 4903.2 6893.23 4108.27 3294.49 6993.85
Other Liabilities 1618.82 1628.43 1521.11 1761.4 2378.29
Total Liabilities 92279.22 97032.9 94149.17 100052.42 107698.18
Assets
Balance with RBI 3661.82 2805.98 3304.71 7276.61 4639.22
Balance with Banks 1160.94 1383.78 5463.17 3926.82 2441.27
Investments 19081.38 20625.27 20321.08 21445.01 24641.8
Advances 62693.74 64439.47 58056.48 59993.39 69804.44
Net Block 676.79 775.81 754.66 752.01 753.92
Other Assets 4972.68 6978.35 6208.57 6599.54 5293.53
Total Assets 92279.22 97032.9 94149.17 100052.42 107698.18
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

 No Promoters Data available for this company.
Report us
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 100.00 100.00 100.00 100.00 100.00
acacia banyan partners 1.21 1.21 1.21 1.21 1.21
investor education and pr... - 0.51 - 0.58 0.47
life insurance corporatio... 2.69 2.69 2.69 2.55 2.55
llp - - - - 0.36
mahindra manulife small c... - - - - 1.00
yusuffali musaliam veetti... - - - - 4.32
acacia partners~lp 1.19 1.19 1.19 1.19 -
kotak mahindra trustee co... 2.30 2.30 2.51 2.51 -
yusuffali musaliam veetti... 4.32 4.32 4.32 4.32 -
bowhead india fund - - 1.03 - -
investor education and pr... 0.51 - 0.58 - -
quadrature capital vector... - - 1.91 - -
hdfc life insurance compa... 1.69 1.69 - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Citigroup buys stake in South Indian Bank10 Apr 2024, 12:48PM South Indian Bank records 11% growth in gross advances in Q4FY242 Apr 2024, 11:42AM South Indian Bank submits prior intimation to beginning of quarter 30 Mar 2024, 11:45AM South Indian Bank informs about closure of trading window28 Mar 2024, 5:31PM South Indian Bank informs about newspaper publication 20 Mar 2024, 4:52PM South Indian Bank submits board meeting intimation 15 Feb 2024, 3:05PM South Indian Bank informs about newspaper publication19 Jan 2024, 2:51PM South Indian Bank reports around 3-fold jump in Q3 consolidated net profit18 Jan 2024, 3:50PM South Indian Bank - Quaterly Results18 Jan 2024, 11:59AM South Indian Bank - Quaterly Results18 Jan 2024, 11:59AM South Indian Bank - Quaterly Results18 Jan 2024, 11:59AM South Indian Bank informs about notice of postal ballot23 Nov 2023, 4:30PM The South India Bank informs about press release 19 Oct 2023, 5:13PM South Indian Bank reports 23% rise in Q2 consolidated net profit19 Oct 2023, 2:30PM South Indian Bank - Quaterly Results19 Oct 2023, 1:17PM South Indian Bank - Quaterly Results19 Oct 2023, 1:17PM South Indian Bank - Quaterly Results19 Oct 2023, 1:17PM South Indian Bank informs about newspaper publication1 Aug 2023, 4:57PM The South Indian Bank informs about outcome of board meeting20 Jul 2023, 4:48PM South Indian Bank - Quaterly Results20 Jul 2023, 3:07PM South Indian Bank - Quaterly Results20 Jul 2023, 3:07PM South Indian Bank - Quaterly Results20 Jul 2023, 3:07PM South Indian Bank records 15% growth in gross advances in Q1FY244 Jul 2023, 12:51PM South Indian Bank reports 23% rise in Q4 consolidated net profit11 May 2023, 5:15PM South Indian Bank - Quaterly Results11 May 2023, 3:28PM South Indian Bank - Quaterly Results11 May 2023, 3:28PM South Indian Bank - Quaterly Results11 May 2023, 3:28PM South Indian Bank launches wealth management platform ‘SIB Wealth’7 Feb 2023, 5:16PM The South Indian Bank turns black in Q325 Jan 2023, 12:23PM South Indian Bank - Quaterly Results24 Jan 2023, 2:20PM South Indian Bank - Quaterly Results24 Jan 2023, 2:20PM South Indian Bank - Quaterly Results24 Jan 2023, 2:20PM South Indian Bank records 18% growth in gross advances in Q3FY233 Jan 2023, 12:30PM South Indian Bank informs about updates25 Nov 2022, 4:46PM South Indian Bank turns black in Q2FY23 20 Oct 2022, 3:21PM South Indian Bank - Quaterly Results20 Oct 2022, 2:31PM South Indian Bank - Quaterly Results20 Oct 2022, 2:31PM South Indian Bank - Quaterly Results20 Oct 2022, 2:31PM South Indian Bank’s gross advances rise 17% in Q2FY234 Oct 2022, 3:28PM The South Indian informs about change in MCLR 17 Sep 2022, 3:56PM The South Indian Bank informs about loss of share certificate 30 Jul 2022, 2:12PM South Indian Bank reports consolidated net profit of Rs 115.48 crore in Q127 Jul 2022, 11:38AM South Indian Bank - Quaterly Results26 Jul 2022, 3:53PM South Indian Bank - Quaterly Results26 Jul 2022, 3:53PM South Indian Bank - Quaterly Results26 Jul 2022, 3:53PM South Indian Bank’s gross advance rises 11% in first quarter of FY235 Jul 2022, 11:29AM South Indian Bank planning to raise up to Rs 2,500 crore22 Jun 2022, 10:29AM The South Indian Bank informs about change in MCLR18 Jun 2022, 3:09PM South Indian Bank gets nod to raise Rs 2000 crore8 Jun 2022, 11:07AM South Indian Bank - Quaterly Results12 May 2022, 8:29PM

South Indian Bank Stock Price Analysis and Quick Research Report. Is South Indian Bank an attractive stock to invest in?

 

The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.

The banking industry is in boom with growing demand across India. But is it the right time to invest in banking stocks is the question to be asked? We can look into more details and dig a little deeper into the analysis of the stock.

Let’s look at how South Indian Bank is performing and if it is the right time to buy the stock of South Indian Bank with detailed analysis.

  •  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. South Indian Bank has earned Rs 7233.1794 Cr. revenue in the latest financial year. South Indian Bank has posted Poor revenue growth of -2.33211786211379 % in last 3 Years.

  • In terms of advances, South Indian Bank reported 16.3535575928033 % YOY,  rise . If you see 3 years advance growth, it stands at 2.70155795990226 %.

  • Currently, South Indian Bank has a CASA ratio of 32.980487151128 %. It’s overall cost of liability stands at 4.27906883631537 %. Also, the total deposits of South Indian Bank from these accounts stood at Rs 91651.353 Cr.

  • South Indian Bank has a Poor ROA track record. The ROA of South Indian Bank is at 0.746171505212114 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 5.14 % and 1.86 % respectively as on the latest financial year.

  • One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is negative at -80.5264874880278 % which means it has decreased from the previous year.

  • Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of South Indian Bank decreased and is currently at Rs 812.6275 Cr.

  • South Indian Bank has a Good Capital Adequacy Ratio of 17.25 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently South Indian Bank is trading at a P/B of 0.8397 . The historical average PB of South Indian Bank was 0.363111325371129.

  • Share Price: - The current share price of South Indian Bank is Rs 27.4. One can use valuation calculators of ticker to know if South Indian Bank share price is undervalued or overvalued.

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Brief about South Indian Bank

The South Indian Bank Ltd. Financials: Check Share Price, Balance Sheet, Annual Report, Quarterly Results, Shareholding, Company Profile and News for Company Analysis

The South Indian Bank Ltd. is a prominent financial institution headquartered in Thrissur, Kerala, India. Established in 1929, the bank has grown over the years and has become one of the leading private sector banks in the country. With a strong focus on customer service and innovation, The South Indian Bank has built a robust reputation and a loyal customer base.

The South Indian Bank Ltd. - Share Price

Stay updated with the latest share prices of The South Indian Bank Ltd. with our user-friendly interface. Our website provides real-time data, allowing investors to make informed decisions about buying or selling the bank's shares. The share price is a crucial factor that investors consider when evaluating a stock's potential.

The South Indian Bank Ltd. - Balance Sheet

Review the balance sheet of The South Indian Bank Ltd. to gain insights into its financial position. Our website offers a pre-built screening tool that allows investors to examine the bank's balance sheet and assess its strength. With a comprehensive understanding of the balance sheet, investors can make informed decisions about their investment in the bank.

The South Indian Bank Ltd. - Annual Report

Access the annual reports of The South Indian Bank Ltd. on our website. These reports provide a comprehensive overview of the bank's performance, achievements, and future goals. Our platform allows investors to download these reports and analyze them thoroughly, enabling long-term investors to evaluate the bank's growth trajectory.

The South Indian Bank Ltd. - Dividend

Dividends play a significant role in attracting long-term investors. By offering a share of profits to its shareholders, The South Indian Bank Ltd. highlights its commitment to wealth creation. Stay updated with the bank's dividend information on our website, which provides real-time data and historical records of dividend payments.

The South Indian Bank Ltd. - Quarterly Result

Keep track of the quarterly results of The South Indian Bank Ltd. Our website provides quarterly reports, allowing investors to analyze the bank's performance throughout the year. These reports offer valuable insights into revenue, profits, and other key financial metrics. Investors can utilize our premium features, such as the fair value calculation tools, to evaluate the bank's performance thoroughly.

The South Indian Bank Ltd. - Stock Price

Stay informed about the stock price fluctuations of The South Indian Bank Ltd. on our website. Our platform offers a visually appealing price chart that allows investors to monitor the bank's stock performance over different timeframes. By analyzing historical price trends, investors can identify patterns and make informed decisions regarding their investment in the bank.

The South Indian Bank Ltd. - Price Chart

Gain a visual representation of The South Indian Bank Ltd.'s stock price movement with our intuitive price chart. The chart provides a comprehensive overview of stock performance over time, enabling investors to spot trends and patterns. Utilize the chart to assess the bank's stock price movements before making investment decisions.

The South Indian Bank Ltd. - News

Stay updated with the latest news and updates about The South Indian Bank Ltd. on our website. Our platform curates news from reliable sources and presents them in an organized manner, allowing investors to stay informed about events and developments that may impact the bank's performance. Our objective is to provide investors with a comprehensive resource for staying up-to-date with the latest news related to the bank.

The South Indian Bank Ltd. - Concall Transcripts

Access the conference call transcripts of The South Indian Bank Ltd. on our website. These transcripts offer detailed insights into discussions between the bank's management and analysts. By reviewing these transcripts, investors can gain a deeper understanding of the management's perspective and strategic plans, thereby aiding in their investment decision-making process.

The South Indian Bank Ltd. - Investor Presentations

Download investor presentations of The South Indian Bank Ltd. from our website. These presentations are an essential resource for gaining insights into the bank's financial performance, growth strategies, and future outlook. By analyzing these presentations, investors can make well-informed decisions about investing in the bank.

The South Indian Bank Ltd. - Promoters

The South Indian Bank Ltd. has a strong and committed group of promoters who play a crucial role in the bank's success. Our website provides detailed information about the bank's promoters, including their background, expertise, and contributions to the bank's growth. Understanding the promoters' profile can help investors gain confidence in their investment decision.

The South Indian Bank Ltd. - Shareholders

Gain insights into the shareholders of The South Indian Bank Ltd. Our website provides comprehensive information about the bank's major shareholders, including institutional investors, mutual funds, and individual investors. Evaluating the bank's shareholder base can provide investors with an understanding of the market sentiment and the level of confidence in the bank's growth potential.

Note: The South Indian Bank Ltd. is committed to providing investors with comprehensive resources for stock analysis. Our website offers premium features such as fair value calculation using tools like DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis. These tools aid in evaluating the bank's financials and determining its fair value. Additionally, investors can access annual reports, concall transcripts, investor presentations, credit ratings, and research reports, which are available for download on our website.

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