South Indian Bank Ltd
Established in 1929, South Indian Bank was the first ‘scheduled bank’ amongst the private banks in Kerala. It has strong presence in south India and particularly in Kerala. South Indian Bank provides retail and corporate banking, para banking activities such as debit card, third party financial product distribution, in addition to Treasury and Foreign Exchange Business.[1]
- Market Cap ₹ 6,664 Cr.
- Current Price ₹ 25.5
- High / Low ₹ 31.2 / 22.1
- Stock P/E 5.34
- Book Value ₹ 37.2
- Dividend Yield 1.18 %
- ROCE 6.19 %
- ROE 13.8 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 0.68 times its book value
- Company has delivered good profit growth of 34.0% CAGR over last 5 years
- Company's working capital requirements have reduced from 157 days to 69.7 days
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 4.61% over past five years.
- Company has a low return on equity of 9.52% over last 3 years.
- Contingent liabilities of Rs.33,599 Cr.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Banks Industry: Banks - Private Sector
Part of BSE Allcap BSE Financial Services BSE SmallCap Nifty Microcap 250 Nifty Total Market
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
4,434 | 5,015 | 5,286 | 5,557 | 5,847 | 6,193 | 6,877 | 7,764 | 7,305 | 6,587 | 7,233 | 8,613 | 9,315 | |
Interest | 3,153 | 3,616 | 3,920 | 4,048 | 4,172 | 4,227 | 4,857 | 5,446 | 4,899 | 4,347 | 4,221 | 5,281 | 5,823 |
920 | 994 | 1,396 | 1,450 | 1,725 | 2,239 | 2,296 | 3,136 | 3,423 | 3,106 | 2,629 | 3,228 | 3,466 | |
Financing Profit | 361 | 405 | -30 | 59 | -50 | -274 | -276 | -818 | -1,016 | -866 | 383 | 104 | 26 |
Financing Margin % | 8% | 8% | -1% | 1% | -1% | -4% | -4% | -11% | -14% | -13% | 5% | 1% | 0% |
335 | 368 | 497 | 517 | 716 | 837 | 726 | 1,046 | 1,185 | 1,034 | 813 | 1,516 | 1,664 | |
Depreciation | 40 | 45 | -1 | 67 | 65 | 64 | 70 | 78 | 83 | 84 | 87 | 90 | 0 |
Profit before tax | 656 | 729 | 468 | 510 | 600 | 500 | 380 | 150 | 87 | 84 | 1,108 | 1,529 | 1,691 |
Tax % | 23% | 30% | 34% | 35% | 35% | 33% | 35% | 30% | 29% | 46% | 30% | 30% | |
502 | 508 | 307 | 333 | 392 | 335 | 248 | 105 | 62 | 45 | 775 | 1,070 | 1,248 | |
EPS in Rs | 2.25 | 2.27 | 1.37 | 1.48 | 1.74 | 1.48 | 1.09 | 0.46 | 0.24 | 0.17 | 2.96 | 4.09 | 4.77 |
Dividend Payout % | 19% | 21% | 26% | 20% | 18% | 22% | 18% | 0% | 0% | 0% | 8% | 7% |
Compounded Sales Growth | |
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10 Years: | 6% |
5 Years: | 5% |
3 Years: | 6% |
TTM: | 12% |
Compounded Profit Growth | |
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10 Years: | 8% |
5 Years: | 34% |
3 Years: | 159% |
TTM: | 12% |
Stock Price CAGR | |
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10 Years: | 2% |
5 Years: | 36% |
3 Years: | 52% |
1 Year: | -17% |
Return on Equity | |
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10 Years: | 7% |
5 Years: | 7% |
3 Years: | 10% |
Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 134 | 134 | 135 | 135 | 180 | 181 | 181 | 181 | 209 | 209 | 209 | 262 | 262 |
Reserves | 2,872 | 3,236 | 3,457 | 3,711 | 4,668 | 5,062 | 5,156 | 5,296 | 5,600 | 5,645 | 6,465 | 8,565 | 9,133 |
Deposits | 44,527 | 47,691 | 52,112 | 55,721 | 66,117 | 72,030 | 80,420 | 83,034 | 82,711 | 89,142 | 91,651 | 101,920 | 105,452 |
Borrowing | 1,020 | 2,531 | 2,032 | 2,615 | 1,958 | 4,043 | 4,903 | 6,893 | 4,108 | 3,294 | 6,994 | 3,912 | 2,609 |
1,242 | 1,394 | 1,380 | 1,294 | 1,388 | 1,370 | 1,619 | 1,628 | 1,521 | 1,761 | 2,378 | 2,754 | 2,908 | |
Total Liabilities | 49,795 | 54,986 | 59,116 | 63,475 | 74,312 | 82,686 | 92,279 | 97,033 | 94,149 | 100,052 | 107,698 | 117,413 | 120,364 |
396 | 404 | 469 | 467 | 618 | 642 | 677 | 776 | 755 | 752 | 754 | 821 | 989 | |
CWIP | 0 | 8 | 10 | 20 | 38 | 39 | 32 | 24 | 40 | 59 | 124 | 145 | 0 |
Investments | 12,523 | 14,352 | 14,086 | 14,744 | 19,430 | 18,363 | 19,081 | 20,625 | 20,321 | 21,445 | 24,642 | 23,977 | 21,789 |
36,875 | 40,222 | 44,551 | 48,244 | 54,226 | 63,642 | 72,489 | 75,608 | 73,033 | 77,796 | 82,178 | 92,469 | 97,586 | |
Total Assets | 49,795 | 54,986 | 59,116 | 63,475 | 74,312 | 82,686 | 92,279 | 97,033 | 94,149 | 100,052 | 107,698 | 117,413 | 120,364 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,699 | 926 | 687 | 109 | 1,957 | 793 | 1,678 | 656 | 5,808 | 5,165 | -7,261 | 7,075 | |
-1,348 | -1,850 | -173 | -1,398 | -1,842 | -824 | -1,175 | -1,577 | -1,092 | -1,741 | -386 | -1,986 | |
345 | -194 | -137 | 168 | 498 | 364 | 98 | 288 | -138 | -989 | 3,524 | -2,148 | |
Net Cash Flow | 1,695 | -1,118 | 377 | -1,121 | 613 | 333 | 602 | -633 | 4,578 | 2,436 | -4,123 | 2,942 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | 19% | 16% | 9% | 9% | 9% | 7% | 5% | 2% | 1% | 1% | 12% | 14% |
Documents
Announcements
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Board Meeting Intimation for Considering, Approving And To Take On Record The Audited Standalone And Consolidated Financial Results Of The Bank For The Quarter And FY Ended 31St March, 2025 And To Recommend Consideration Of Dividend For The FY 2024-25, If Any
2d - Board meeting on May 15 to approve FY25 results and consider dividend; trading window closed till May 17.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Apr - Intimation under Regulation 30&47 of the SEBI(LODR) Regulations, 2015
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Compliances-Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017)
3 Apr - Submission of ISIN details for debt securities.
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Compliance-57 (5) : intimation after the end of quarter
3 Apr - Compliance with SEBI regulations for interest payments.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2 Apr - Certificate As per Regulation 74(5) of the SEBI(DP) Regulations, 2018
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
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Financial Year 2011
from bse
Concalls
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Jan 2025Transcript PPT
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Oct 2024Transcript PPT
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Oct 2024TranscriptNotesPPT
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May 2024Transcript PPT REC
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Oct 2021Transcript PPT
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Jul 2021Transcript PPT
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May 2021TranscriptNotesPPT
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Dec 2020TranscriptPPT
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Nov 2019TranscriptNotesPPT
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Oct 2017TranscriptNotesPPT
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Oct 2016TranscriptNotesPPT
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Jul 2016TranscriptNotesPPT
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May 2016TranscriptNotesPPT
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Jan 2016TranscriptNotesPPT
Key Ratios - 9MFY24
Capital Adequacy Ratio - 16.04%
Net Interest Margin - 3.28%
Gross NPA - 4.74%
Net NPA - 1.61%[1]
CASA Ratio - 31.9%[2]