South Indian Bank Ltd
SOUTHBANKSouth Indian Bank Ltd
SOUTHBANK
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
LowUndervalued compared to the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
AvgAverage profitability - not good, not bad
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 6.02 | 1.05 | 0.98% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 17.94 | 2.65 | 0.81% |
Forecast & Ratings
Detailed Forecast from 7 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
The South Indian Bank Limited provides retail and corporate banking, Para banking activities, such as debit card, third-party product distribution, in addition to Treasury and Foreign Exchange Business.
Peers
Compare with peersHDFC Bank Ltd
ICICI Bank Ltd
Axis Bank Ltd
Kotak Mahindra Bank Ltd
Indusind Bank Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 6,074.62 | 6,562.64 | 7,030.05 | 7,602.73 | 8,809.55 | 8,490.92 | 7,620.44 | 8,044.55 | 10,127.32 | 10,477.22 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | 8,598.43 | 8,845.87 | ||||||||||
| Power & Fuel Cost | — | — | — | — | — | — | — | — | ||||||||||||
| Employee Cost | 692.25 | 676.52 | 713.22 | 821.43 | 941.35 | 1,228.36 | 1,198.29 | 1,308.03 | ||||||||||||
| Selling & Administrative Expenses | 230.74 | 250.40 | 274.81 | 323.62 | 354.22 | 365.41 | 380.08 | 446.50 | ||||||||||||
| Operating & Other expenses | 4,574.94 | 4,970.13 | 5,478.41 | 6,007.54 | 7,286.72 | 6,727.85 | 6,050.26 | 5,094.04 | ||||||||||||
EBITDA | 576.69 | 665.59 | 563.61 | 450.14 | 227.26 | 169.30 | -8.19 | 1,195.98 | 1,528.89 | 1,631.35 | ||||||||||
| Depreciation/Amortization | 67.03 | 65.38 | 63.73 | 69.64 | 77.70 | 82.65 | 84.02 | 87.49 | 0.00 | — | ||||||||||
| PBIT | 509.66 | 600.21 | 499.88 | 380.50 | 149.56 | 86.65 | -92.21 | 1,108.49 | 1,528.89 | 1,631.35 | ||||||||||
| Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
| PBT | 509.66 | 600.21 | 499.88 | 380.50 | 149.56 | 86.65 | -92.21 | 1,108.49 | 1,528.89 | 1,631.35 | ||||||||||
| Taxes & Other Items | 176.40 | 207.72 | 165.00 | 132.97 | 44.96 | 24.75 | -137.03 | 333.19 | 458.71 | 469.85 | ||||||||||
| Net Income | 333.26 | 392.49 | 334.88 | 247.53 | 104.60 | 61.90 | 44.82 | 775.30 | 1,070.18 | 1,161.50 | ||||||||||
| EPS | 2.23 | 2.38 | 1.85 | 1.37 | 0.58 | 0.32 | 0.21 | 3.40 | 5.10 | 5.10 | ||||||||||
| DPS | 0.45 | 0.40 | 0.40 | 0.25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.30 | 0.28 | ||||||||||
| Payout ratio | 0.20 | 0.17 | 0.22 | 0.18 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.05 |
Company Updates
Peers & Comparison
FinancialsPrivate Banks
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| South Indian Bank Ltd | 6.54 | 1.05 | 0.98% |
| HDFC Bank Ltd | 19.21 | 2.62 | 1.20% |
| ICICI Bank Ltd | 19.05 | 3.81 | 0.83% |
| Axis Bank Ltd | 13.78 | 2.31 | 0.08% |
Price Comparison
Compare SOUTHBANK with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 3.36%
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 1.73%
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding South Indian Bank Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Mahindra Manulife Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2130% | Percentage of the fund’s portfolio invested in the stock 0.33% | Change in the portfolio weight of the stock over the last 3 months -0.10% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 87/96 (-11) |
Mahindra Manulife Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2007% | Percentage of the fund’s portfolio invested in the stock 1.03% | Change in the portfolio weight of the stock over the last 3 months -0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 53/71 (-5) |
Motilal Oswal Nifty Microcap 250 Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1498% | Percentage of the fund’s portfolio invested in the stock 1.05% | Change in the portfolio weight of the stock over the last 3 months -0.25% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 9/255 (-2) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 17, 2023
Dividend/Share
₹0.30
Ex DateEx Date
Aug 17, 2023
Cash Dividend
Ex DateEx DateJul 9, 2019
Dividend/Share
₹0.25
Ex DateEx Date
Jul 9, 2019
Cash Dividend
Ex DateEx DateJul 3, 2018
Dividend/Share
₹0.40
Ex DateEx Date
Jul 3, 2018
Cash Dividend
Ex DateEx DateJul 3, 2017
Dividend/Share
₹0.40
Ex DateEx Date
Jul 3, 2017
Cash Dividend
Ex DateEx DateJun 30, 2016
Dividend/Share
₹0.50
Ex DateEx Date
Jun 30, 2016
South Indian Bank is looking to expand beyond Kerala, says MD & CEO
South Indian Bank will hold a meeting of the Board of Directors of the Company on 30 July 2024.Powered by Capital Market - Live
South Indian Bank to consider fund raising on Jul 30
The bank may raise funds by way of issuance of equity shares including but not limited through preferential issue and/ or qualified institutions placement (QIP)/ global depository receipts (GDRs)/ American depository receipts (ADRs)/ foreign currency convertible bonds (FCCBs)/ or any other methods on private placement basis, FPO etc. subject to regulatory approvals, as may be required. The board of directors may also consider borrowing/ raising funds in Indian/ foreign currency by issue of debt securities including but not limited to non-convertible debentures, bonds, MTN, subject to regulatory approvals, as may be required. South Indian Bank provides retail and corporate banking, Para banking activities such as debit card, third party product distribution, in addition to treasury and foreign exchange business. The bank's standalone net profit increased 45.35% to Rs 294.13 crore in Q1 FY25 as against Rs 202.35 crore recorded in Q1 FY24. Total income jumped 14.65% YoY to Rs 2,736.13 crore during the quarter. The scrip declined 0.89% to close at Rs 26.68 on Wednesday, 23 July 2024. Powered by Capital Market - Live
Stocks in news: L&T, Axis Bank, HUL, Bajaj Finance, Tata Consumer
Calibrated strategy with pan-India focus is paying off: South Indian Bank MD
South Indian Bank share price jumps 6% on strong June quarter show
South Indian Bank climbs after Q1 PAT jumps 45% YoY to Rs 294 cr
Stock Alert: Infosys, Tata Technologies, Persistent Systems, L&T Technology, South Indian Bank,
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 5.9%, vs industry avg of 16.98%
Decreasing Market Share
Over the last 5 years, market share decreased from 1.43% to 0.88%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 34.02%, vs industry avg of 31.6%