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

₹ 22.4 -2.14%
21 Nov - 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 ₹ 5,871 Cr.
  • Current Price ₹ 22.4
  • High / Low ₹ 36.9 / 22.2
  • Stock P/E 4.85
  • Book Value ₹ 33.7
  • Dividend Yield 1.34 %
  • ROCE 6.19 %
  • ROE 13.8 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 0.67 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 Nifty Microcap 250 BSE Allcap BSE Financial Services Nifty Total Market BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 1,647 1,671 1,635 1,622 1,740 1,898 1,973 2,025 2,129 2,184 2,275 2,314 2,355
Interest 1,119 1,098 1,038 1,018 1,014 1,073 1,116 1,217 1,298 1,365 1,400 1,449 1,472
934 861 591 672 735 629 680 877 777 836 828 893 891
Financing Profit -407 -288 6 -69 -8 197 178 -69 54 -17 47 -27 -9
Financing Margin % -25% -17% 0% -4% -0% 10% 9% -3% 3% -1% 2% -1% -0%
157 222 204 246 255 -34 345 361 355 452 346 422 449
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -250 -67 210 178 247 162 522 292 409 435 393 394 440
Tax % -25% -24% -29% 35% 10% 36% 36% 31% 33% 30% 27% 26% 26%
-187 -50 272 115 223 103 334 203 275 305 287 294 325
EPS in Rs -0.72 -0.19 1.04 0.44 0.85 0.39 1.28 0.77 1.05 1.17 1.10 1.12 1.24
Gross NPA % 6.65%
Net NPA % 3.85%
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 6,587 7,233 8,613 9,128
Interest 4,347 4,221 5,281 5,686
3,282 2,627 3,227 3,448
Financing Profit -1,042 385 105 -7
Financing Margin % -16% 5% 1% -0%
1,034 811 1,515 1,669
Depreciation 84 87 90 0
Profit before tax -92 1,108 1,529 1,662
Tax % -149% 30% 30%
45 775 1,070 1,211
EPS in Rs 0.17 2.96 4.09 4.63
Dividend Payout % 0% 8% 7%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 33%
Stock Price CAGR
10 Years: 0%
5 Years: 17%
3 Years: 39%
1 Year: 0%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Equity Capital 209 209 262
Reserves 5,645 6,465 8,565
92,436 98,644 105,831
1,761 2,379 2,755
Total Liabilities 100,052 107,697 117,412
752 754 821
CWIP 59 124 145
Investments 21,445 24,641 23,977
77,796 82,178 92,469
Total Assets 100,052 107,697 117,412

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%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
7.28% 7.36% 7.45% 7.82% 14.88% 14.58% 13.59% 15.00% 14.68% 15.17% 13.44% 11.47%
16.62% 16.53% 16.12% 11.64% 6.87% 7.64% 7.84% 6.59% 7.61% 4.61% 5.06% 5.25%
76.10% 76.11% 76.43% 80.54% 78.22% 77.77% 78.57% 78.40% 77.70% 80.20% 81.49% 83.26%
No. of Shareholders 6,57,0446,64,1996,61,7076,97,6576,95,0227,09,8777,15,0158,09,6648,88,39711,04,00312,08,11312,47,471

* 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.

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