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 ₹ 6,036 Cr.
- Current Price ₹ 23.1
- High / Low ₹ 31.8 / 22.3
- Stock P/E 4.84
- Book Value ₹ 37.2
- Dividend Yield 1.30 %
- ROCE 6.19 %
- ROE 13.8 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 0.62 times its book value
- Company's working capital requirements have reduced from 157 days to 69.7 days
Cons
- Company has low interest coverage ratio.
- 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 Nifty Total Market Nifty Microcap 250 BSE SmallCap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
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Revenue | 6,587 | 7,233 | 8,613 | 9,315 |
Interest | 4,347 | 4,221 | 5,281 | 5,823 |
3,282 | 2,627 | 3,227 | 3,466 | |
Financing Profit | -1,042 | 385 | 105 | 26 |
Financing Margin % | -16% | 5% | 1% | 0% |
1,034 | 811 | 1,515 | 1,664 | |
Depreciation | 84 | 87 | 90 | 0 |
Profit before tax | -92 | 1,108 | 1,529 | 1,690 |
Tax % | -149% | 30% | 30% | |
45 | 775 | 1,070 | 1,248 | |
EPS in Rs | 0.17 | 2.96 | 4.09 | 4.77 |
Dividend Payout % | 0% | 8% | 7% |
Compounded Sales Growth | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 12% |
Compounded Profit Growth | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 12% |
Stock Price CAGR | |
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10 Years: | 1% |
5 Years: | 34% |
3 Years: | 47% |
1 Year: | -15% |
Return on Equity | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|
Equity Capital | 209 | 209 | 262 | 262 |
Reserves | 5,645 | 6,465 | 8,565 | 9,133 |
Deposits | 89,142 | 91,650 | 101,919 | 105,451 |
Borrowing | 3,294 | 6,994 | 3,912 | 2,609 |
1,761 | 2,379 | 2,755 | 2,908 | |
Total Liabilities | 100,052 | 107,697 | 117,412 | 120,364 |
752 | 754 | 821 | 989 | |
CWIP | 59 | 124 | 145 | 0 |
Investments | 21,445 | 24,641 | 23,977 | 21,788 |
77,796 | 82,178 | 92,469 | 97,586 | |
Total Assets | 100,052 | 107,697 | 117,412 | 120,364 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|
5,165 | -7,261 | 7,075 | |
-1,741 | -386 | -1,986 | |
-989 | 3,524 | -2,148 | |
Net Cash Flow | 2,436 | -4,123 | 2,942 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|
ROE % | 12% | 14% |
Documents
Announcements
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Intimation Under Regulation 30 (5) Of The SEBI (LODR) Regulations, 2015
1d - Authorization of key managerial personnel for disclosures.
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Announcement under Regulation 30 (LODR)-Change in Management
1d - Promotion of Mr. Sivaraman K to Senior General Manager.
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Compliance-57 (4) : Prior intimation to the beginning of the quarter
2d - Interest payment due for bonds in Q2 2025.
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Intimation Under Regulation 39 Of The SEB(LODR) Regulation, 2015
2d - Bank received tax demand order of Rs. 53.42 Cr.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
26 Mar - Intimation of Analyst/Investor Meeting held on March 26, 2025.
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
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Financial Year 2011
from bse
Concalls
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Jan 2025Transcript PPT
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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]