South Indian Bank Ltd

South Ind.Bank Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

South Indian Bank Ltd

₹ 30.4 0.16%
26 Apr - close price
southindianbank.com BSE: 532218 NSE : SOUTHBANK
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 7,966 Cr.
  • Current Price ₹ 30.4
  • High / Low ₹ 36.9 / 14.6
  • Stock P/E 7.14
  • Book Value ₹ 25.5
  • Dividend Yield 0.99 %
  • ROCE 5.24 %
  • ROE 12.4 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 1.19 times its book value
  • Company's working capital requirements have reduced from 201 days to 146 days

Cons

  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.27,912 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 1,633 1,647 1,671 1,635 1,622 1,740 1,898 1,973 2,025 2,129 2,184
Interest 1,091 1,119 1,098 1,038 1,018 1,014 1,073 1,116 1,217 1,298 1,365
979 934 861 591 672 735 629 680 877 777 836
Financing Profit -437 -407 -288 6 -69 -8 197 178 -69 54 -17
Financing Margin % -27% -25% -17% 0% -4% -0% 10% 9% -3% 3% -1%
451 157 222 204 246 255 -34 345 361 355 452
Depreciation 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 14 -250 -67 210 178 247 162 522 292 409 435
Tax % 27% 25% 24% -29% 35% 10% 36% 36% 31% 33% 30%
10 -187 -50 272 115 223 103 334 203 275 305
EPS in Rs 0.04 -0.72 -0.19 1.04 0.44 0.85 0.39 1.28 0.77 1.05 1.17
Gross NPA % 8.02% 6.65%
Net NPA % 5.05% 3.85%
Raw PDF
Upcoming result date: 2 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 TTM
Revenue 6,587 7,233 8,311
Interest 4,347 4,221 4,997
3,282 2,627 3,169
Financing Profit -1,042 385 145
Financing Margin % -16% 5% 2%
1,034 811 1,513
Depreciation 84 87 0
Profit before tax -92 1,108 1,658
Tax % 149% 30%
45 775 1,116
EPS in Rs 0.17 2.96 4.27
Dividend Payout % 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 21%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 56%
Stock Price CAGR
10 Years: 5%
5 Years: 16%
3 Years: 61%
1 Year: 102%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023
Equity Capital 209 209
Reserves 5,645 6,465
92,436 98,644
1,761 2,379
Total Liabilities 100,052 107,697
752 754
CWIP 59 124
Investments 21,445 24,641
77,796 82,178
Total Assets 100,052 107,697

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023
5,165 -7,261
-1,741 -386
-989 3,524
Net Cash Flow 2,436 -4,123

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023
ROE % 12%

Shareholding Pattern

Numbers in percentages

13 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
7.03% 7.01% 7.28% 7.36% 7.45% 7.82% 14.88% 14.58% 13.59% 15.00% 14.68% 15.17%
17.00% 16.62% 16.62% 16.53% 16.12% 11.64% 6.87% 7.64% 7.84% 6.59% 7.61% 4.61%
75.97% 76.37% 76.10% 76.11% 76.43% 80.54% 78.22% 77.77% 78.57% 78.40% 77.70% 80.20%
No. of Shareholders 6,50,8826,51,2366,57,0446,64,1996,61,7076,97,6576,95,0227,09,8777,15,0158,09,6648,88,39711,04,003

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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