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 ₹ 7,441 Cr.
- Current Price ₹ 28.4
- High / Low ₹ 29.6 / 22.1
- Stock P/E 5.68
- Book Value ₹ 38.6
- Dividend Yield 1.07 %
- ROCE 6.50 %
- ROE 13.8 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 0.72 times its book value
- Company has delivered good profit growth of 65.7% CAGR over last 5 years
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.93% over past five years.
- Company has a low return on equity of 13.4% 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 SmallCap BSE Allcap BSE Financial Services 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 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5,015 | 5,286 | 5,557 | 5,847 | 6,193 | 6,877 | 7,764 | 7,305 | 6,587 | 7,233 | 8,613 | 9,413 | |
Interest | 3,616 | 3,920 | 4,048 | 4,172 | 4,227 | 4,857 | 5,446 | 4,899 | 4,347 | 4,221 | 5,281 | 5,928 |
994 | 1,396 | 1,450 | 1,725 | 2,239 | 2,296 | 3,136 | 3,467 | 3,106 | 2,629 | 3,228 | 3,542 | |
Financing Profit | 405 | -30 | 59 | -50 | -274 | -276 | -818 | -1,060 | -866 | 383 | 104 | -57 |
Financing Margin % | 8% | -1% | 1% | -1% | -4% | -4% | -11% | -15% | -13% | 5% | 1% | -1% |
368 | 497 | 517 | 716 | 837 | 726 | 1,046 | 1,229 | 1,034 | 813 | 1,516 | 1,813 | |
Depreciation | 45 | -1 | 67 | 65 | 64 | 70 | 78 | 83 | 84 | 87 | 90 | 0 |
Profit before tax | 729 | 468 | 510 | 600 | 500 | 380 | 150 | 87 | 84 | 1,108 | 1,529 | 1,757 |
Tax % | 30% | 34% | 35% | 35% | 33% | 35% | 30% | 29% | 46% | 30% | 30% | 26% |
508 | 307 | 333 | 392 | 335 | 248 | 105 | 62 | 45 | 775 | 1,070 | 1,303 | |
EPS in Rs | 2.27 | 1.37 | 1.48 | 1.74 | 1.48 | 1.09 | 0.46 | 0.24 | 0.17 | 2.96 | 4.09 | 4.98 |
Dividend Payout % | 21% | 26% | 20% | 18% | 22% | 18% | 0% | 0% | 0% | 8% | 7% | 8% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 4% |
3 Years: | 13% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | 16% |
5 Years: | 66% |
3 Years: | 207% |
TTM: | 22% |
Stock Price CAGR | |
---|---|
10 Years: | 4% |
5 Years: | 45% |
3 Years: | 57% |
1 Year: | 2% |
Return on Equity | |
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10 Years: | 8% |
5 Years: | 9% |
3 Years: | 13% |
Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 134 | 135 | 135 | 180 | 181 | 181 | 181 | 209 | 209 | 209 | 262 | 262 |
Reserves | 3,236 | 3,457 | 3,711 | 4,668 | 5,062 | 5,156 | 5,296 | 5,600 | 5,645 | 6,465 | 8,565 | 9,838 |
Deposits | 47,691 | 52,112 | 55,721 | 66,117 | 72,030 | 80,420 | 83,034 | 82,711 | 89,142 | 91,651 | 101,920 | 107,526 |
Borrowing | 2,531 | 2,032 | 2,615 | 1,958 | 4,043 | 4,903 | 6,893 | 4,108 | 3,294 | 6,994 | 3,912 | 4,300 |
1,394 | 1,380 | 1,294 | 1,388 | 1,370 | 1,619 | 1,628 | 1,521 | 1,761 | 2,378 | 2,754 | 2,729 | |
Total Liabilities | 54,986 | 59,116 | 63,475 | 74,312 | 82,686 | 92,279 | 97,033 | 94,149 | 100,052 | 107,698 | 117,413 | 124,655 |
404 | 469 | 467 | 618 | 642 | 677 | 776 | 755 | 752 | 754 | 821 | 1,018 | |
CWIP | 8 | 10 | 20 | 38 | 39 | 32 | 24 | 40 | 59 | 124 | 145 | 0 |
Investments | 14,352 | 14,086 | 14,744 | 19,430 | 18,363 | 19,081 | 20,625 | 20,321 | 21,445 | 24,642 | 23,977 | 21,777 |
40,222 | 44,551 | 48,244 | 54,226 | 63,642 | 72,489 | 75,608 | 73,033 | 77,796 | 82,178 | 92,469 | 101,860 | |
Total Assets | 54,986 | 59,116 | 63,475 | 74,312 | 82,686 | 92,279 | 97,033 | 94,149 | 100,052 | 107,698 | 117,413 | 124,655 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
926 | 687 | 109 | 1,957 | 793 | 1,678 | 656 | 5,808 | 5,165 | -7,261 | 7,075 | -2,353 | |
-1,850 | -173 | -1,398 | -1,842 | -824 | -1,175 | -1,577 | -1,092 | -1,741 | -386 | -1,986 | 4,434 | |
-194 | -137 | 168 | 498 | 364 | 98 | 288 | -138 | -989 | 3,524 | -2,148 | 157 | |
Net Cash Flow | -1,118 | 377 | -1,121 | 613 | 333 | 602 | -633 | 4,578 | 2,436 | -4,123 | 2,942 | 2,238 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | 16% | 9% | 9% | 9% | 7% | 5% | 2% | 1% | 1% | 12% | 14% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
17h - Analyst/Investor Meeting held on May 20, 2025
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
19h - South Indian Bank Q4 FY25 net profit Rs 342 Cr; FY profit Rs 1,303 Cr, 22% growth; advances +9%, deposits +6%.
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Announcement under Regulation 30 (LODR)-Interest Rates Updates
17 May - South Indian Bank revises MCLR rates effective May 20, 2025, across multiple tenors.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
16 May - Audio recording of May 16, 2025 investor conference call available on South Indian Bank website.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 May - Intimation under Regulation 30 & 47 of the SEBI(LODR) Regulations, 2015
Annual reports
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Financial Year 2024
from bse
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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
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from nse
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Financial Year 2011
from bse
Concalls
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May 2025Transcript PPT
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Jan 2025Transcript PPT
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Oct 2024Transcript PPT
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Oct 2024TranscriptNotesPPT
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Jul 2024Transcript PPT
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May 2024Transcript PPT REC
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Oct 2022TranscriptPPT
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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 2018Transcript PPT
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Oct 2017TranscriptNotesPPT
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May 2017TranscriptNotesPPT
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Oct 2016TranscriptNotesPPT
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Jul 2016TranscriptNotesPPT
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May 2016TranscriptNotesPPT
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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]