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South Indian Bank Ltd

(SOUTHBANK)

₹25.010.83%

as on 04:01PM, 20 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals

South Indian Bank Ltd Analyst Rating

based on 6 analysts

BUY

66.67%

Buy

33.33%

Hold

0.00%

Sell

Based on 6 analysts offering long term price targets for South Indian Bank Ltd. An average target of ₹33.67

Source: S&P Global Market Intelligence

South Indian Bank Ltd Share analysis

South Indian Bank Ltd price forecast by 6 analysts

Upside of33.51%

High

₹42

Target

₹33.67

Low

₹27

South Indian Bank Ltd target price ₹33.67, a slight upside of 33.51% compared to current price of ₹25.01. According to 6 analysts rating.

Source: S&P Global Market Intelligence

South Indian Bank Ltd Performance

  • Day's Low

    Day's High

    ₹24.84
    Day's Price Range
    ₹25.55
  • 52 Week's Low

    52 Week's High

    ₹22.27
    52-Week Price Range
    ₹37.18
1 Month Return+ 12.39 %
3 Month Return-0.12 %
1 Year Return-6.25 %
Previous Close₹25.22
Open₹25.21
Volume1.58Cr
Upper Circuit-
Lower Circuit-
Market Cap₹6,663.68Cr

South Indian Bank Ltd Key Statistics

P/E Ratio5.08
PEG Ratio4.85
Market Cap₹6,663.68 Cr
P/B Ratio0.81
EPS4.09
Dividend Yield1.1
SectorBanks
ROE13.81

South Indian Bank Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹6,663.68 Cr28.97%NA₹1,070 Cr₹10,127 Cr
BUY₹7,298.49 Cr19.71%NANANA
HOLD₹10,081.66 Cr-10.16%NA₹1,259 Cr₹15,453 Cr
BUY₹3,953.38 Cr-4.88%NANANA
NA₹7,599.29 Cr-1.53%NANANA

About South Indian Bank Ltd

The South Indian Bank SIB, incorporates in 1929, provides retail and corporate banking services, and para-banking activities such as debit card, foreign exchange, merchant banking, treasury, internet banking, and mobile banking. As of December 31, 2020, SIB has 877 branches, 1443 ATMs, and is the first private sector bank in Kerala to become scheduled bank in 1946. The bank has received numerous awards such as ASSOCHAM Best MSME Bank Private Sector award in 2019, IBA Banking Technology Awards 2020 and CSR Excellence Award 2019. SIB has introduced new banking channels including kiosk banking, reloadable prepaid cards, digital debit, and net banking. With its successful presence across India, the bank stands as an example of exemplary banking services.

Share Price: ₹25.01 per share as on 20 Dec, 2024 04:01 PM
Market Capitalisation: ₹6,663.68Cr as of today
Revenue: ₹2,804.07Cr as on September 2024 (Q3 24)
Net Profit: ₹324.79Cr as on September 2024 (Q3 24)
Listing date: 08 Dec, 1998
Chairperson Name: Salim Gangadharan
OrganisationSouth Indian Bank Ltd
HeadquartersThrissur
IndustryBanks
E-voting on sharesClick here to vote

Key events for South Indian Bank Ltd

  • South Indian Bank Expands Currency Management Infrastructure - 27 Nov, 2024

    South Indian Bank has inaugurated its second mega currency chest in Kakkanad, enhancing its cash management capabilities and operational efficiency in the Ernakulam region.
  • RBI Imposes Penalty on South Indian Bank - 11 Nov, 2024

    The Reserve Bank of India has imposed a penalty of Rs 59.20 lakh on South Indian Bank for non-compliance with regulations regarding interest rates and customer service. The penalty follows findings from a statutory inspection, highlighting issues with notifying customers about penal charges and placing liens on NRE accounts. The RBI clarified that the penalty is based on regulatory deficiencies and does not affect the validity of the bank's transactions.
  • RBI Penalizes South Indian Bank for Non-Compliance - 09 Nov, 2024

    The Reserve Bank of India has imposed a penalty of Rs 59.20 lakh on South Indian Bank due to non-compliance with regulations regarding interest rates and customer service. The penalty follows a statutory inspection and is based on deficiencies in regulatory compliance.
  • RBI Fines South Indian Bank for Compliance Failures - 08 Nov, 2024

    The Reserve Bank of India has fined South Indian Bank Rs 59.20 lakh due to non-compliance with regulations regarding interest rates on deposits and customer service. The penalty follows a supervisory evaluation revealing deficiencies in compliance and notification practices.
  • Geojit Recommends Accumulate Rating for South Indian Bank - 02 Nov, 2024

    Geojit Financial Services has given an Accumulate rating for South Indian Bank, expecting 12% credit growth by FY26 and a target price of Rs 27. The bank's shares rose 1.43% to Rs 24.85, with a dividend yield of 1.21%. Despite recent fluctuations, the bank has shown positive returns over the past year.
  • Geojit Recommends Accumulate for South Indian Bank - 30 Oct, 2024

    Geojit Financial Services recommends an Accumulate position on South Indian Bank, raising the target price to Rs.27. The bank shows improved asset quality, profitability, and loan growth, indicating a promising 13% return potential over the next year.
  • Geojit Financial Services Recommends Accumulation of South Indian Bank - 29 Oct, 2024

    Geojit Financial Services recommends accumulating South Indian Bank shares with a target price of Rs 27. The bank reported strong growth in interest income, advances, and profitability, alongside improved asset quality. Despite anticipated moderation in advance growth, the long-term outlook remains optimistic.

Insights on South Indian Bank Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 2.62K Cr → 2.80K Cr (in ₹), with an average increase of 3.3% per quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, SOUTHBANK has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 81.45% to 83.27% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 2.19% to 2.28% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 3 quarters, 287.33 Cr → 324.79 Cr (in ₹), with an average increase of 5.9% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, ICICI Bank Ltd has given 29.4% return, outperforming this stock by 37.3%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 13.44% to 11.48% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 6 months, SOUTHBANK stock has moved down by -8.8%

South Indian Bank Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹2,484.48Cr (-)₹2,636.23Cr (↑6.11%)₹2,620.55Cr (↓0.59%)₹2,735.96Cr (↑4.40%)₹2,804.07Cr (↑2.49%)
Net Income₹274.89Cr (-)₹305.38Cr (↑11.09%)₹287.33Cr (↓5.91%)₹293.90Cr (↑2.29%)₹324.79Cr (↑10.51%)
Net Profit Margin11.06% (-)11.58% (↑4.70%)10.96% (↓5.35%)10.74% (↓2.01%)11.58% (↑7.82%)
Value in ₹ crore
Details2021202220232024
Total Assets₹94,249.70Cr (-)₹1,00,191.97Cr (↑6.30%)₹1,08,009.99Cr (↑7.80%)₹1,17,638.05Cr (↑8.91%)
Total Liabilities₹94,249.70Cr (-)₹1,00,191.97Cr (↑6.30%)₹1,08,009.99Cr (↑7.80%)₹1,17,638.05Cr (↑8.91%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹656.00Cr (-)₹5,808.41Cr (↑785.43%)₹5,165.32Cr (↓11.07%)-₹7,260.82Cr (↓240.57%)₹7,075.21Cr (↓197.44%)

Index Inclusions

S&P BSE Fin. Ser

₹11,379.57

-1.62 (-187.38%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

BSE Small-Cap

₹55,149.22

-2.11 (-1188.47%)

South Indian Bank Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
0%
0.00
Foreign Institutions
11.48%
-14.62
Mutual Funds
2.28%
3.81
Retail Investors
83.27%
2.23
Others
2.98%
2.13

South Indian Bank Ltd Key Indicators

Details20202021202220232024
Return On Equity %2.041.130.7712.3413.81
Details20232024
Return On Assets %0.720.91
Details20232024
Book Value Per Share (₹)31.8933.74
Details20232024
Earning Per Share (₹)3.44.09

South Indian Bank Ltd Valuation

South Indian Bank Ltd in the last 5 years

  • Overview

  • Trends

Lowest (3.78x)

October 3, 2022

Today (5.08x)

December 19, 2024

Industry (15.85x)

December 19, 2024

Highest (44.00x)

April 6, 2022

LowHigh

South Indian Bank Ltd Earnings and Dividends

  • South Indian Bank Ltd Earnings Results

    South Indian Bank Ltd’s net profit jumped 18.15% since last year same period to ₹324.79Cr in the Q2 2024-2025. On a quarterly growth basis, South Indian Bank Ltd has generated 10.51% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • South Indian Bank Ltd Dividends May,2024

    In the quarter ending March 2024, South Indian Bank Ltd has declared dividend of ₹0.30 - translating a dividend yield of 2.40%.

    Read More about Dividends

South Indian Bank Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

South Indian Bank Ltd is currently in a Bearish trading position according to technical analysis indicators.

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South Indian Bank Ltd (SOUTHBANK) share price today is ₹25.01

South Indian Bank Ltd is listed on NSE

South Indian Bank Ltd is listed on BSE

  • Today’s highest price of South Indian Bank Ltd is ₹25.55.
  • Today’s lowest price of South Indian Bank Ltd is ₹24.84.

PE Ratio of South Indian Bank Ltd is 5.08

PE ratio = South Indian Bank Ltd Market price per share / South Indian Bank Ltd Earnings per share

Today’s traded volume of South Indian Bank Ltd(SOUTHBANK) is 1.58Cr.

Today’s market capitalisation of South Indian Bank Ltd(SOUTHBANK) is ₹6663.68Cr.

South Indian Bank Ltd(SOUTHBANKPrice
52 Week High
₹37.18
52 Week Low
₹22.27

South Indian Bank Ltd(SOUTHBANK) share price is ₹25.01. It is down -32.73% from its 52 Week High price of ₹37.18

South Indian Bank Ltd(SOUTHBANK) share price is ₹25.01. It is up 12.30% from its 52 Week Low price of ₹22.27

South Indian Bank Ltd(SOUTHBANKReturns
1 Day Returns
-0.21%
1 Month Returns
12.39%
3 Month Returns
-0.12%
1 Year Returns
-6.25%