The South Indian Bank Ltd.

NSE: SOUTHBANK BSE: 532218 SECTOR: Bank - Private  76k   393   141

17.20
+0.30 (1.78%)
NSE: Today, 03:59 PM

Price Summary

Today's High

₹ 17.5

Today's Low

₹ 16.55

52 Week High

₹ 21.8

52 Week Low

₹ 7.25

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

3599.51 Cr.

CASA %

33.21

No. of Shares

209.27 Cr.

P/E

5.05

P/B

0.57

Face Value

₹ 1

Div. Yield

0 %

Book Value (TTM)

₹  30.34

Net Interest Income

2239.76 Cr.

Cost To Income %

61.89

Promoter Holding

0 %

EPS (TTM)

₹  3.41

CAR %

15.86

ROE

0.77 %

ROCE

2.02%

Profit Growth

-27.34 %

* 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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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

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

* Prices are based on daily market changes.
* 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 Year0.77%
3 Year1.31%
5 Year3.16%

ROA%

1 Year0.05%
3 Year0.07%
5 Year0.19%

Net NPA%

1 Year2.97%
3 Year3.67%
5 Year3.41%

 NIM

1 Year2.42%
3 Year2.59%
5 Year2.53%

CAR %

15.86

Cost of Liabilities %

4.70244496613967

PEG Ratio

NA

Advances Growth %

3.33625932904322

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 0 0
Sep 2022 0 0
Jun 2022 0 0
Mar 2022 0 0
Dec 2021 0 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Good Capital Adequacy Ratio of 15.86%.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is 0.0738618413482572%
  • Company has a low ROE of 1.31396371743751% over the last 3 years.
  • The Bank has a high NPA ; Average NPA of the last 3 years stands at 3.67333333333333%.
  • High Cost to income ratio of 61.8930288503758%.
  • The company has delivered poor Profit Growth of -43.3585527667697% over the past 3 years.
  • The company has delivered poor Income growth of -1.42590377825547% over the past 3 years.
  • Poor Advances growth of -1.45685940609273% in last 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Interest Earned 1671.13 1635.43 1621.81 1740.14 1898.27
Other Income 221.98 203.95 246.34 255.1 -34.18
Interest Expended 1098.26 1037.69 1018.43 1013.77 1073.12
Operating Expenses 514.9 513.75 532.9 555.75 587.73
Total Provisions 346.37 77.71 139.41 179.29 41.43
Profit Before Tax -66.42 210.23 177.41 246.43 161.81
Tax -16.11 -61.81 62.06 23.33 59.06
Net Profit -50.31 272.04 115.35 223.1 102.75
Net NPA % 3.52 2.97 2.87 2.51 2.26
Gross NPA % 6.56 5.9 5.87 5.67 5.48
Return on Assets % -0.2 1.1 0.46 0.85 0.38
NPM % -3.01 16.63 7.11 12.82 5.41

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Interest Earned 6192.81 6876.52 7763.8 7305.44 6586.54
Other Income 837.24 726.21 1045.75 1229.17 1034.1
Interest Expended 4227.29 4856.82 5446.3 4898.54 4346.78
Operating Expenses 1321.98 1506.93 1717.61 1974.47 2026.29
Total Provisions 980.9 858.48 1496.09 1574.94 1339.56
Profit Before Tax 499.89 380.5 149.55 86.66 -91.99
Taxes 165 132.97 44.96 24.75 -136.97
Net Profit 334.89 247.53 104.59 61.91 44.98
Adjusted EPS (Rs.) 1.85 1.37 0.58 0.3 0.21

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 180.88 180.97 180.97 209.27 209.27
Total Reserves 5060.34 5154.36 5293.83 5597.89 5643.86
Deposits 72029.59 80420.12 83033.89 82710.55 89142.11
Borrowings 4043.38 4903.2 6893.23 4108.27 3294.49
Other Liabilities 1369.73 1618.82 1628.43 1521.11 1761.4
Total Liabilities 82685.87 92279.22 97032.9 94149.17 100052.42
Assets
Balance with RBI 3258.24 3661.82 2805.98 3304.71 3676.61
Balance with Banks 962.81 1160.94 1383.78 5463.17 7526.82
Investments 18363.08 19081.38 20625.27 20321.08 21445.01
Advances 54562.89 62693.74 64439.47 58056.48 59993.39
Net Block 642.22 676.79 775.81 754.66 752.01
Other Assets 4858.08 4972.68 6978.35 6208.57 6599.54
Total Assets 82685.87 92279.22 97032.9 94149.17 100052.42
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 0.00 0.00 0.00 0.00 0.00
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 100.00 100.00 100.00 100.00 100.00

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

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 - Quaterly Results12 May 2022, 8:29PM South Indian Bank posts 8% growth in deposits in Q4FY226 Apr 2022, 11:06AM The South Indian Bank informs about disclosure2 Apr 2022, 3:15PM South Indian Bank secures awards in annual IBA Banking Technology Awards17 Feb 2022, 11:29AM South Indian Bank’s net loss narrows to Rs 50 crore in Q321 Jan 2022, 12:15PM South Indian Bank - Quaterly Results20 Jan 2022, 3:44PM South Indian Bank gets authorised by RBI to collect direct and indirect taxes: Report 14 Jan 2022, 12:40PM South Indian Bank receives UiPath Automation Excellence awards 20215 Jan 2022, 12:34PM The South Indian Bank informs about issuance of duplicate share certificate6 Dec 2021, 2:04PM South Indian Bank informs about interest payment 29 Nov 2021, 3:52PM The South Indian Bank informs about retirement of director1 Nov 2021, 1:00PM South Indian Bank reports net loss of Rs 187 crore in Q2FY2225 Oct 2021, 11:39AM The South Indian Bank informs about investor presentation22 Oct 2021, 9:43AM The South Indian Bank informs about compliance certificate5 Oct 2021, 4:44PM South Indian Bank informs about issuance of duplicate share certificate13 Sep 2021, 2:39PM South Indian Bank reports 87% fall in Q1 net profit23 Jul 2021, 12:44PM The South Indian Bank informs about disclosure2 Jun 2021, 4:36PM South Indian Bank turns black in Q4 21 May 2021, 4:35PM The South Indian Bank informs about stop transfer share certificates17 May 2021, 3:28PM South Indian Bank informs about loss of share certificate14 May 2021, 4:30PM The South Indian Bank informs about newspaper publication12 May 2021, 12:33PM South Indian Bank informs about board meeting11 May 2021, 9:45AM South Indian Bank reports marginal fall in deposits during Q4FY219 Apr 2021, 4:06PM South Indian Bank gets shareholders' nod for raising equity capital of Rs 240 crore24 Mar 2021, 12:28PM The South Indian Bank informs about newspaper advertisement2 Mar 2021, 11:49AM The South Indian Bank informs about newspaper publication26 Feb 2021, 11:48AM The south Indian Bank informs about conference call for analysts20 Jan 2021, 3:17PM The South Indian Bank informs about newspaper publication13 Jan 2021, 11:12AM

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 6586.5375 Cr. revenue in the latest financial year. It has posted Poor revenue growth of -1.42590377825547 % in last 3 Years.

  • In terms of advances, the bank reported 3.33625932904322 % YOY,  rise . If you see 3 years advance growth, it stands at -1.45685940609273 %.

  • Currently the company has a CASA ratio of 33.2069527303684 %. It’s overall cost of liability stands at 4.70244496613967 %. Also, the total deposits from these accounts stood at Rs 89142.1078 Cr.

  • The Bank has a Poor ROA track record. The ROA of South Indian Bank is at 0.0463250572408147 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 5.9 % and 2.97 % 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 -14.9456621466713 % 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 1034.1031 Cr.

  • The company has a Good Capital Adequacy Ratio of 15.86 .

  • 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 0.5636 . The historical average PB was 0.436368220844309.

Brief about South Indian Bank

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