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South Indian Bank Ltd

(SOUTHBANK)

₹24.831.35%

as on 06:59PM, 01 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals

South Indian Bank Ltd Analyst Rating

based on 7 analysts

BUY

71.43%

Buy

28.57%

Hold

0.00%

Sell

Based on 7 analysts offering long term price targets for South Indian Bank Ltd. An average target of ₹34.57

Source: S&P Global Market Intelligence

South Indian Bank Ltd Share analysis

South Indian Bank Ltd price forecast by 7 analysts

Upside of39.23%

High

₹42

Target

₹34.57

Low

₹29

South Indian Bank Ltd target price ₹34.57, a slight upside of 39.23% compared to current price of ₹24.83. According to 7 analysts rating.

Source: S&P Global Market Intelligence

South Indian Bank Ltd Performance

  • Day's Low

    Day's High

    ₹24.73
    ₹24.95
  • 52 Week's Low

    52 Week's High

    ₹21.39
    ₹37.18
1 Month Return+ 2.01 %
3 Month Return-5.7 %
1 Year Return+ 1.35 %
Previous Close₹24.50
Open₹24.85
Volume1.03Cr
Upper Circuit-
Lower Circuit-
Market Cap₹6,409.88Cr

South Indian Bank Ltd Key Statistics

P/E Ratio5
PEG Ratio4.78
Market Cap₹6,409.88 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₹6,409.88 Cr24.14%NA₹1,070 Cr₹10,127 Cr
HOLD₹10,315.41 Cr-8.63%NA₹1,259 Cr₹15,453 Cr
NA₹7,128.98 Cr-2.35%NANANA
BUY₹8,196.68 Cr40.29%NA₹1,306 Cr₹9,617 Cr
BUY₹7,368.37 Cr-6.1%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: ₹24.83 per share as on 01 Nov, 2024 06:59 PM
Market Capitalisation: ₹6,409.88Cr 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

  • 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.

  • South Indian Bank Works on Compliance for Credit Cards - 22 Oct, 2024

    South Indian Bank's CEO PR Seshadri stated that addressing compliance gaps in its credit card business has taken longer than expected. The bank halted issuing co-branded credit cards and is conducting an internal audit to ensure compliance with RBI regulations. Despite the challenges, Seshadri noted no material stress in the bank's gold loan portfolio.

  • South Indian Bank Reports Profit and MCLR Revision - 18 Oct, 2024

    South Indian Bank announced a net profit of ₹324.69 crore for Q2 FY 2024-25, an 18.15% increase. The bank aims for aggressive deposit and asset growth while revising MCLR rates effective October 20, 2024, impacting loan repayments.

  • South Indian Bank Reports Strong Q2 Earnings Growth - 17 Oct, 2024

    In Q2 2024-25, South Indian Bank's net profit rose 18% to Rs 325 crore, driven by a 6% increase in core net interest income and improved asset quality.

  • South Indian Bank Reports Strong Q2 Earnings Growth - 16 Oct, 2024

    South Indian Bank's Q2 results show an 18% profit increase to ₹325 crore, with total income at ₹2,804 crore. Asset quality improved, with gross NPAs at 4.40%. Following the announcement, shares surged by 5%.

  • South Indian Bank Reports Growth in Advances and Deposits - 04 Oct, 2024

    In Q2 FY2024, South Indian Bank's gross advances increased by 13.07% to Rs 84,741 crore, while deposits grew by 8.6% to Rs 1.05 lakh crore. The CASA ratio slightly declined to 31.9%.

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

    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

  • 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

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, State Bank of India has given 43.5% return, outperforming this stock by 42.2%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 6 months, SOUTHBANK stock has moved down by -15.0%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

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

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

₹11,573.61

0.49 (56.66%)

S&P BSE AllCap

₹10,538.44

0.6 (63.25%)

BSE Small-Cap

₹55,548.80

1.03 (565.93%)

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 (5.00x)

November 1, 2024

Industry (15.69x)

November 1, 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 2.42%.

    Read More about Dividends

South Indian Bank Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

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

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South Indian Bank Ltd (SOUTHBANK) share price today is ₹24.83

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 ₹24.95.
  • Today’s lowest price of South Indian Bank Ltd is ₹24.73.

PE Ratio of South Indian Bank Ltd is 5

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 1.03Cr.

Today’s market capitalisation of South Indian Bank Ltd(SOUTHBANK) is ₹6409.88Cr.

South Indian Bank Ltd(SOUTHBANKPrice
52 Week High
₹37.18
52 Week Low
₹21.39

South Indian Bank Ltd(SOUTHBANK) share price is ₹24.83. It is down -33.22% from its 52 Week High price of ₹37.18

South Indian Bank Ltd(SOUTHBANK) share price is ₹24.83. It is up 16.08% from its 52 Week Low price of ₹21.39

South Indian Bank Ltd(SOUTHBANKReturns
1 Day Returns
0.33%
1 Month Returns
2.01%
3 Month Returns
-5.7%
1 Year Returns
1.35%