South Indian Bank
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South Indian Bank share price

The South Indian Bank Ltd.

NSE: SOUTHBANK BSE: 532218 SECTOR: Bank - Private  234k   756   230

23.54
-0.09 (-0.38%)
NSE: Today, 09:34 AM

Price Summary

Today's High

₹ 23.62

Today's Low

₹ 23.32

52 Week High

₹ 31.8

52 Week Low

₹ 22.27

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

₹ 6158.77 Cr.

CASA %

32.08

No. of Shares

261.63 Cr.

P/E

4.93

P/B

0.63

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

* Prices are based on daily market changes.

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.
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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 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 - Quaterly Results 24 Jan, 2:20 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 23.5. 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 23.5. 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
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