South Indian Bank
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South Indian Bank share price

The South Indian Bank Ltd.

NSE: SOUTHBANK BSE: 532218 SECTOR: Bank - Private  235k   757   229

23.63
0 0
BSE: 11 Apr 04:01 PM

Price Summary

Today's High

₹ 24.12

Today's Low

₹ 23.5

52 Week High

₹ 31.82

52 Week Low

₹ 22.12

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.
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

₹ 6182.32 Cr.

CASA %

32.08

No. of Shares

261.63 Cr.

P/E

4.95

P/B

0.64

Face Value

₹ 1

Div. Yield

1.27 %

Book Value (TTM)

₹  37.21

Net Interest Income

₹ 3332.06 Cr.

Cost To Income %

61.47

Promoter Holding

0 %

EPS (TTM)

₹  4.77

CAR %

19.91

ROE

13.81 %

ROCE

14.36%

Profit Growth

38.06 %

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

 

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 Year13.81%
3 Year8.98%
5 Year6.03%

ROA%

1 Year0.95%
3 Year0.58%
5 Year0.38%

Net NPA%

1 Year1.46%
3 Year2.1%
5 Year2.87%

 NIM

1 Year2.97%
3 Year2.79%
5 Year2.74%

CAR %

19.91

Cost of Liabilities %

4.9897

PEG Ratio

0.47

Advances Growth %

11.8276

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2024 0.00 0.00
Sep 2024 0.00 0.00
Jun 2024 0.00 0.00
Mar 2024 0.00 0.00
Dec 2023 0.00 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • Good Capital Adequacy Ratio of 19.91%.
  • The company has delivered good Profit growth of 158.553880788599% over the past 3 years.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is 0.581075019080271%
  • CASA Growth of -0.903799999999997% YoY, which is very low.
  • High Cost to income ratio of 61.4721%.
  • The company has delivered poor Income growth of 5.64099415029877% over the past 3 years.
  • Increase in Provision and contingencies of 29.9223564625767% on YoY.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Interest Earned 2184.09 2274.67 2314.41 2354.72 2370.74
Other Income 452.41 346.03 421.72 449.47 447.22
Interest Expended 1365.06 1400 1448.64 1472.44 1501.48
Operating Expenses 787.99 787.16 779.81 781.5 787.64
Total Provisions 48.55 40.62 112.95 110.01 66.04
Profit Before Tax 434.9 392.92 394.73 440.24 462.8
Tax 129.54 105.36 100.6 115.55 120.93
Net Profit 305.36 287.56 294.13 324.69 341.87
Net NPA % 1.61 1.46 1.44 1.31 1.25
Gross NPA % 4.74 4.5 4.5 4.4 4.3
Return on Assets % 1.05 0.98 1 1.06 1.1
NPM % 13.98 12.64 12.71 13.79 14.42

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

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Interest Earned 7763.8 7305.44 6586.54 7233.18 8612.81
Other Income 1045.75 1229.17 1034.1 812.63 1515.52
Interest Expended 5446.3 4898.54 4346.78 4221.1 5280.75
Operating Expenses 1717.61 1974.47 2026.29 2317.38 2979.9
Total Provisions 1496.09 1574.94 1339.56 260.86 338.91
Profit Before Tax 149.55 86.66 -91.99 1246.47 1528.75
Taxes 44.96 24.75 -136.97 471.38 458.67
Net Profit 104.59 61.91 44.98 775.09 1070.08
Adjusted EPS (Rs.) 0.53 0.27 0.2 3.4 4.09

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 180.97 209.27 209.27 209.27 261.59
Total Reserves 5293.83 5597.89 5643.86 6465.31 8561.95
Deposits 83033.89 82710.55 89142.11 91651.35 101920.26
Borrowings 6893.23 4108.27 3294.49 6993.85 3912.09
Other Liabilities 1628.43 1521.11 1761.4 2378.29 2754.25
Total Liabilities 97032.9 94149.17 100052.42 107698.18 117412.79
Assets
Balance with RBI 2805.98 3304.71 7276.61 4639.22 6659.7
Balance with Banks 1383.78 5463.17 3926.82 2441.27 3362.48
Investments 20625.27 20321.08 21445.01 24641.8 23977.02
Advances 64439.47 58056.48 59993.39 69804.44 78060.65
Net Block 775.81 754.66 752.01 753.92 821.05
Other Assets 6978.35 6208.57 6599.54 5293.53 4386.47
Total Assets 97032.9 94149.17 100052.42 107698.18 117412.79
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

 No Promoters Data available for this company.
Report us
PARTICULARS Dec 2023% Mar 2024% Jun 2024% Sep 2024% Dec 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
bandhan small cap fund - - 1.07 1.73 3.44
investor education and pr... 0.58 - 0.47 0.53 0.53
life insurance corporatio... 2.55 2.55 2.55 2.55 2.55
llp - 0.32 0.22 0.21 0.22
yusuffali musaliam veetil... - 4.32 4.32 - 4.32
yusuffali musaliam veetti... - - - 4.32 -
government pension fund g... - 1.02 - - -
investor education and pr... - 0.47 - - -
acacia partners~lp 1.19 - - - -
kotak mahindra trustee co... 2.51 - - - -
yusuffali musaliam veetti... 4.32 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

South Indian Bank informs about compliances half yearly report 3 Apr, 5:21 PM South Indian Bank informs about allotment of equity shares 24 Mar, 12:42 PM South Indian Bank - Quaterly Results 21 Jan, 1:04 PM South Indian Bank - Quaterly Results 21 Jan, 1:04 PM South Indian Bank - Quaterly Results 21 Jan, 1:04 PM South Indian Bank records 12% growth in gross advances in Q3FY25 2 Jan, 11:58 AM South Indian Bank informs about loss of share certificate 2 Dec, 5:32 PM South Indian Bank informs about board meeting 25 Nov, 5:25 PM RBI imposes penalty of Rs 59.20 lakh on South Indian Bank 11 Nov, 12:13 PM The South Indian Bank informs about press release 16 Oct, 4:42 PM South Indian Bank - Quaterly Results 16 Oct, 12:17 PM South Indian Bank - Quaterly Results 16 Oct, 12:17 PM South Indian Bank - Quaterly Results 16 Oct, 12:17 PM South Indian Bank informs about certificate 9 Oct, 5:18 PM South Indian Bank - Quaterly Results 18 Jul, 4:15 PM South Indian Bank - Quaterly Results 18 Jul, 4:15 PM South Indian Bank - Quaterly Results 18 Jul, 4:15 PM The South Indian Bank informs about appointment of whole-time director 15 Jun, 2:43 PM South Indian Bank - Quaterly Results 2 May, 2:24 PM South Indian Bank - Quaterly Results 2 May, 2:24 PM South Indian Bank - Quaterly Results 2 May, 2:24 PM Citigroup buys stake in South Indian Bank 10 Apr, 12:48 PM South Indian Bank records 11% growth in gross advances in Q4FY24 2 Apr, 11:42 AM South Indian Bank submits prior intimation to beginning of quarter 30 Mar, 11:45 AM South Indian Bank informs about closure of trading window 28 Mar, 5:31 PM South Indian Bank informs about newspaper publication 20 Mar, 4:52 PM South Indian Bank submits board meeting intimation 15 Feb, 3:05 PM South Indian Bank informs about newspaper publication 19 Jan, 2:51 PM South Indian Bank reports around 3-fold jump in Q3 consolidated net profit 18 Jan, 3:50 PM South Indian Bank - Quaterly Results 18 Jan, 11:59 AM South Indian Bank - Quaterly Results 18 Jan, 11:59 AM South Indian Bank - Quaterly Results 18 Jan, 11:59 AM South Indian Bank informs about notice of postal ballot 23 Nov, 4:30 PM The South India Bank informs about press release 19 Oct, 5:13 PM South Indian Bank reports 23% rise in Q2 consolidated net profit 19 Oct, 2:30 PM South Indian Bank - Quaterly Results 19 Oct, 1:17 PM South Indian Bank - Quaterly Results 19 Oct, 1:17 PM South Indian Bank - Quaterly Results 19 Oct, 1:17 PM South Indian Bank informs about newspaper publication 1 Aug, 4:57 PM The South Indian Bank informs about outcome of board meeting 20 Jul, 4:48 PM South Indian Bank - Quaterly Results 20 Jul, 3:07 PM South Indian Bank - Quaterly Results 20 Jul, 3:07 PM South Indian Bank - Quaterly Results 20 Jul, 3:07 PM South Indian Bank records 15% growth in gross advances in Q1FY24 4 Jul, 12:51 PM South Indian Bank reports 23% rise in Q4 consolidated net profit 11 May, 5:15 PM South Indian Bank - Quaterly Results 11 May, 3:28 PM South Indian Bank - Quaterly Results 11 May, 3:28 PM South Indian Bank - Quaterly Results 11 May, 3:28 PM South Indian Bank launches wealth management platform ‘SIB Wealth’ 7 Feb, 5:16 PM The South Indian Bank turns black in Q3 25 Jan, 12:23 PM

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.

South Indian Bank stock price today is Rs 23.59. 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 8612.8089 Cr. revenue in the latest financial year. South Indian Bank has posted Poor revenue growth of 5.64099415029877 % in last 3 Years.

  • In terms of advances, South Indian Bank reported 11.8276 % YOY,  rise . If you see 3 years advance growth, it stands at 10.3724021436884 %.

  • Currently, South Indian Bank has a CASA ratio of 32.0767 %. It’s overall cost of liability stands at 4.9897 %. Also, the total deposits of South Indian Bank from these accounts stood at Rs 101920.2587 Cr.

  • South Indian Bank has a average ROA track record. The ROA of South Indian Bank is at 0.9507 %.

  • The Lender is efficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 4.5 % and 1.46 % 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 positive at 29.9223564625767 % which means it has increased 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 surged and is currently at Rs 1515.5156 Cr.

  • South Indian Bank has a Good Capital Adequacy Ratio of 19.91 .

  • 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 0.635 . The historical average PB of South Indian Bank was 0.407476507653693.

  • Share Price: - The current share price of South Indian Bank is Rs 23.59. One can use valuation calculators of ticker to know if South Indian Bank share price is undervalued or overvalued.

Last Updated on:
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. 

The South Indian Bank's Financial Stability Illustrated in Balance Sheet Analysis

The South Indian Bank's Equity and Liabilities Growth

The share capital of The South Indian Bank saw an upward adjustment in March 2024 to Rs Cr. 261.59 from Rs Cr. 180.97 in March 2020. This increase alongside the significant growth in total reserves, which escalated from Rs Cr. 5,293.83 in March 2020 to Rs Cr. 8,561.95 in March 2024, underscores a robust capital base.

The South Indian Bank's Deposits Surge

A critical analysis reveals an impressive growth in deposits, reflecting customer trust. From March 2020's Rs Cr. 83,033.89 to March 2024's foreseen Rs Cr. 1,01,920.26, this marks a strategic cornerstone in The South Indian Bank's financial health.

Managing Borrowings and Other Liabilities

While The South Indian Bank underwent fluctuations in its borrowings, dropping to Rs Cr. 3,294.49 in March 2022 before rising to Rs Cr. 6,993.85 in March 2023, and then adjusting to Rs Cr. 3,912.09 by March 2024, it signifies prudent financial management concerning debt. Other liabilities also observed a consistent rise, pointing towards the bank's expanding operations.

Robust Asset Growth at The South Indian Bank

The bank's total assets aligned with liabilities, showcasing growth from Rs Cr. 97,032.90 in March 2020 to an anticipated Rs Cr. 1,17,412.79 by March 2024. This is supported by a noteworthy rise in advances to Rs Cr. 78,060.65 in March 2024, indicating a strong lending portfolio.

This data is an analysis for the Standalone Balance sheet of The South Indian Bank.

This analysis comes at a pivotal time when investors are keenly observing NSE/BSE indices for potential opportunities within the banking sector amidst evolving market conditions.

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