Is The South Indian Bank a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that The South Indian Bank Ltd is a below average quality company .

Is The South Indian Bank undervalued or overvalued?

The key valuation ratios of The South Indian Bank Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is The South Indian Bank share price return in the past 10 years?

The South Indian Bank Ltd share price has declined -0.3% annually (CAGR) over the past ten years.

Is The South Indian Bank a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of The South Indian Bank Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of The South Indian Bank?

The latest standalone P/E ratio of The South Indian Bank as of 21-Nov-2024 is 4.84.

What is the P/B ratio of The South Indian Bank?

The latest standalone P/B ratio of The South Indian Bank as of 21-Nov-2024 is 0.62.

What is the 52-week high and low of The South Indian Bank?

The 52-week high of The South Indian Bank is Rs. 36.90 and the 52-week low is Rs. 22.26.

What is the TTM revenue of The South Indian Bank?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of The South Indian Bank is Rs. 9127.89 (Cr.).

The South Indian Bank Ltd - Stock Valuation and Financial Performance

Name: The South Indian Bank
Brand: The South Indian Bank

BSE: 532218 | NSE: SOUTHBANK | Bank - Private | Small Cap

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South Indian Bank Share Price

₹22.44 -0.47 -2.05%
as on 21-Nov'24 16:59

10 Year X-Ray of South Indian Bank:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Net Interest Income (₹ Cr.)	1,366	1,510	1,675	1,966	2,020	2,318	2,407	2,240	3,012	3,332	3,442
YoY Gr. Rt. %	-	10.5%	11%	17.3%	2.8%	14.7%	3.9%	-6.9%	34.5%	10.6%	-
Total Income	5,783	6,075	6,563	7,030	7,603	8,810	8,535	7,621	8,046	10,128	10,798
YoY Gr. Rt. %	-	5%	8%	7.1%	8.2%	15.9%	-3.1%	-10.7%	5.6%	25.9%	-
Adj EPS (₹ )	1.9	2.1	2	1.7	1.3	0.5	0.3	0.2	3.4	4.1	4.6
YoY Gr. Rt. %	-	8.5%	-2.4%	-15%	-25.9%	-57.9%	-49.1%	-25.9%	1600%	20.3%	-
BVPS (₹ )	21.3	22.8	23.5	25.4	25.9	26.2	25.5	25.7	29.3	33.7	35.9
YoY Gr. Rt. %	-	7.4%	2.7%	8.3%	1.9%	1.1%	-2.6%	0.8%	14%	15.1%	-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)	0.5	0.5	0.6	0.4	0.3	0.1	0.1	0.1	0.8	1	0.8
To view Net NPA to Net Advances (%) Colour Rating Guide click here ⓘ
Net NPA to Net Advances (%)	1	2.9	1.5	2.6	3.5	3.3	4.7	3	1.9	1.5	1.3
To view Capital Adequacy Ratio (%) Colour Rating Guide click here ⓘ
Capital Adequacy Ratio (%)	-	-	-	-	-	-	-	-	-	-	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Net Interest Income	10.4%	10.5%	11.5%	10.6%
Total Income	6.4%	5.9%	5.9%	25.9%
Adj EPS	9%	26.6%	147.4%	20.3%
BVPS	5.3%	5.5%	9.8%	15.1%
Share Price	-0.3%	17.2%	40.2%	-0.6%

Key Financial Ratios


RATIOS \ YEARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Interest Earned / Total Income	91.41	91.48	89.1	88.09	90.45	88.13	85.6	86.43	89.9	85.04	84.5
Margins	To view Margins Colour Rating Guide click here ⓘ
NIM (%)	2.5	2.6	2.4	2.6	2.3	2.6	2.8	2.4	3	3	2.9
Performance Ratios	To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)	9.2	9.3	9.5	7	4.9	2	1.1	0.8	12.4	13.8	10.1
Liquidity Ratio	To view Liquidity Ratio Colour Rating Guide click here ⓘ
CASA (%)	20.6	22.4	23.8	23.8	24.2	25	29.7	33.2	33	32.1	-

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.30%

Total Income has increased 5.87 CAGR in last 3 years

Net Profit has increased 147.43 CAGR in last 3 years

Net NPA to Net Advances has declined versus last 3 years average

Total income growth is poor in last 4 quarters

Latest Financials - The South Indian Bank Ltd.

	Standalone	Consolidated
TTM EPS (₹)	4.6	4.6
TTM Sales (₹ Cr.)	9,128	9,128
BVPS (₹.) ⓘ	35.9	35.9
Reserves (₹ Cr.) ⓘ	9,133	9,133
P/BV ⓘ	0.62	0.62
PE ⓘ	4.84	4.85

From the Market
52 Week Low / High (₹)	22.26 / 36.90
All Time Low / High (₹)	0.79 / 36.90
Market Cap (₹ Cr.)	5,871
Equity (₹ Cr.)	261.6
Face Value (₹)	1
Industry PE ⓘ	17.6

Management X-Ray of South Indian Bank:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of South Indian Bank

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of South Indian Bank

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Income	5,783	6,075	6,563	7,030	7,603	8,810	8,535	7,621	8,046	10,128
Interest Income	5,286	5,557	5,847	6,193	6,877	7,764	7,305	6,587	7,233	8,613
Other Income ⓘ	497	517	716	837	726	1,046	1,229	1,034	813	1,516
Expenditure	5,476	5,741	6,170	6,695	7,355	8,705	8,473	7,576	7,271	9,058
Interest Expense	3,920	4,048	4,172	4,227	4,857	5,446	4,899	4,347	4,221	5,281
Operating Expenses	981	1,148	1,176	1,322	1,507	1,718	1,974	2,026	2,317	2,980
Provisions	575	546	822	1,146	991	1,541	1,600	1,203	732	798
Profit Before Tax	468	510	600	500	381	150	87	-92	1,246	1,529
Taxes	161	176	208	165	133	45	25	-137	471	459
Profit After Tax	307	333	393	335	248	105	62	45	775	1,070
Adjusted EPS (₹)	1.89	2.05	2.00	1.70	1.26	0.53	0.27	0.20	3.40	4.09
Dividend Payout Ratio (%)	26%	20%	18%	22%	18%	0%	0%	0%	8%	7%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Share Capital ⓘ	135	135	180	181	181	181	209	209	209	262
Total Reserves ⓘ	3,454	3,707	4,665	5,060	5,154	5,294	5,598	5,644	6,465	8,562
Minority Interest	0	0	0	0	0	0	0	0	0	0
Deposits	51,912	55,721	66,117	72,030	80,420	83,034	82,711	89,142	91,651	1,01,920
Borrowings ⓘ	2,232	2,615	1,958	4,043	4,903	6,893	4,108	3,294	6,994	3,912
Other Liabilities	1,382	1,297	1,391	1,372	1,621	1,631	1,523	1,763	2,378	2,757
Total Liabilities ⓘ	59,116	63,475	74,312	82,686	92,279	97,033	94,149	1,00,052	1,07,698	1,17,413
Assets
Balance with RBI	2,442	2,476	3,078	3,258	3,662	2,806	3,305	7,277	4,639	6,660
Balance with Banks	1,154	798	810	963	1,161	1,384	5,463	3,927	2,441	3,362
Investments ⓘ	14,086	14,744	19,430	18,363	19,081	20,625	20,321	21,445	24,642	23,977
Advances	37,392	41,086	46,389	54,563	62,694	64,439	58,056	59,993	69,804	78,061
Net Block ⓘ	469	467	618	642	677	776	755	752	754	821
Other Assets	3,564	3,884	3,949	4,858	4,973	6,978	6,209	6,600	5,294	4,386
Total Assets ⓘ	59,116	63,475	74,312	82,686	92,279	97,033	94,149	1,00,052	1,07,698	1,17,413

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	687	109	1,957	793	1,678	656	5,808	5,165	-7,261	7,075
Cash Flow From Investing Activity ⓘ	-173	-1,398	-1,842	-824	-1,175	-1,577	-1,092	-1,741	-386	-1,986
Cash Flow From Financing Activity ⓘ	-137	168	498	364	98	289	-138	-989	3,524	-2,148
Net Cash Flow ⓘ	377	-1,121	613	333	602	-633	4,578	2,436	-4,123	2,942

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational & Financial Ratios
EPS (₹)	2	2	2	2	1	1	0	0	4	4
DPS (₹)	1	1	0	0	0	0	0	0	0	0
BVPS (₹)	26	27	26	28	28	28	28	28	32	34
Margin Ratios
Yield on Advances (%)	14.1	13.5	12.6	11.4	11.0	12.1	12.6	11.0	10.4	11.0
Yield on Investments (%)	7.9	7.8	7.7	7.9	7.4	8.6	8.7	5.2	3.7	7.8
Cost of Liabilities (%)	7.2	6.9	6.1	5.6	5.7	6.1	5.6	4.7	4.3	5.0
NIM (%)	2.5	2.6	2.4	2.6	2.3	2.6	2.8	2.4	3.0	3.0
Interest Spread (%)	6.9	6.6	6.5	5.8	5.3	6.0	6.9	6.3	6.1	6.0
Performance Ratios
ROA (%)	0.5	0.5	0.6	0.4	0.3	0.1	0.1	0.1	0.8	1.0
ROE (%)	9.2	9.3	9.5	7.0	4.9	2.0	1.1	0.8	12.4	13.8
ROCE (%)	12.2	11.9	12.4	8.8	7.0	4.8	4.7	2.0	14.2	14.4
Efficiency Ratios
Cost to Income Ratio (%)	52.7	56.6	49.2	47.2	54.9	51.1	54.3	61.9	60.6	61.5
Operating Costs to Assets (%)	1.7	1.8	1.6	1.6	1.6	1.8	2.1	2.0	2.2	2.5
Valuation Parameters
Price/Book(x)	1.0	0.6	0.8	0.8	0.6	0.2	0.3	0.3	0.5	0.8

The South Indian Bank Ltd Stock News

The South Indian Bank Ltd FAQs

What is the share price of South Indian Bank?

Company share prices are keep on changing according to the market conditions. The closing price of South Indian Bank on 21-Nov-2024 16:59 is ₹22.44.

What is the market cap of South Indian Bank?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of South Indian Bank stood at ₹5,870.9.

What is the P/E ratio of South Indian Bank?

The latest P/E ratio of South Indian Bank as of 21-Nov-2024 16:59 is 4.84.

What is the P/B ratio of South Indian Bank?

The latest P/B ratio of South Indian Bank as of 21-Nov-2024 16:59 is 0.62.

What is the 52-week high and low of South Indian Bank?

The 52-week high of South Indian Bank is ₹36.90 and the 52-week low is ₹22.26.

What is the TTM revenue of South Indian Bank?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of South Indian Bank is ₹9,128 ( Cr.) .

About The South Indian Bank Ltd

The South Indian Bank Ltd. is one of the earliest banks in South India. The establishment of the bank was the fulfillment of the dreams of a group of enterprising men who joined together at Thrissur, a major town (now known as the Cultural Capital of Kerala), in the erstwhile State of Cochin to provide for the people a safe, efficient and service oriented repository of savings of the community on one hand and to free the business community from the clutches of greedy money lenders on the other by providing need based credit at reasonable rates of interest. Translating the vision of the founding fathers as its corporate mission, the bank has during its long sojourn been able to project itself as a vibrant, fast growing, service oriented and trend setting financial intermediary.

Business area of the Bank

South Indian Bank is a publicly held banking company engaged in providing a wide range of banking and financial services including retail banking, corporate banking and treasury operations.

Products and services

Personal Banking: Under this bank offers wide range of personal banking products and services such as deposit, saving, loans, internet banking, mobile banking, demat services, credit card, debit card, etc.
The bank offers mutual funds products of various funds houses such as ICICI Prudential AMC, Franklin Templeton, TATA Mutual Fund, Sundaram BNP Paribas, UTI Mutual Funds, Reliance Mutual Funds, HSBC Investments, HDFC Mutual Fund, Fidelity Fund Management, Principal Mutual Funds, Fortis Investments, Birla Sun Life Asset Management Company and DSP BlackRock Mutual Funds.
NRI banking: SIB also caters its banking products and services to NRI customers such as deposit, car loans, remittances, investment schemes, insurance are amongst others.
Corporate banking: It provides wide range of products and services to corporates. SIB offers working capital finance, project finance, structured finance etc.

Awards & Accolades

2012-13

SIB bags The IBA Banking Technology Awards 2012-13
Sunday Standard Best Bankers -2013 Awards
SIB bags The IBA Banking Technology Awards.

2014

South Indian Bank wins 'Best IT Team Award'-Banking Technology Excellence Award.

2016

South Indian Bank gets RBI nod to open representative office in Dubai.

2017-18

Received the ‘Best Bank Award for Digital Banking among Small Banks’ and ‘Best Bank Award for High Performance IT Ecosystem among Small Banks’ in the thirteenth edition of the IDRBT Banking Technology Excellence Awards 2016-17.
Won five technology awards during the Indian Banking Association (IBA) Technology Awards 2018.
Won the Celent Model Bank 2018 Award for Trade Finance and Supply Chain .

2018-19

Corporate Social Responsibility (CSR) Award instituted by Kerala Management Association (KMA) for Banks & NBFCs under Education Sector.
Best Performing Primary Lending Institution of HUDCO under Credit Linked Subsidy Scheme from HUDCO.
National Payments Excellence Award for RuPay instituted by NPCI.
Best MSME Bank-Runner Up award instituted by Chamber of Indian Micro, Small & Medium Enterprises.
Banking Technology 2019 awards instituted by IBA - The Bank emerged winner in the ‘Most Customer Centric Bank Using Technology’ category and runner up in the ‘Best Payments Initiative’ category amongst small Banks’.

2019-2020

Best MSME Bank (Private Sector) Award by ASSOCHAM in connection with 7th MSME National Excellence Awards-2019.
Corporate Social Responsibility (CSR) Excellence Award, 2019 instituted by Rotary District 3201 for carrying out CSR project in the area of Education for Underprivileged.
IBA Awards in 6 categories -Best Technology Bank of the Year (Winner - Small Banks). Best Use of Data & Analytics for Business Outcome (Winner - Small Banks). Best IT Risk Management & Cyber Security Initiatives (Joint Winner - Small Banks). Best Payment Initiative (Joint Runner Up - Private Sector Banks). Most Customer Centric Bank using Technology (Small Banks). Best CIO - Runner Up.

Milestones

1908: Incorporation of the bank
1946: The FIRST among the private sector banks in Kerala to become a scheduled bank in 1946 under the RBI Act.
1992: The FIRST bank in the private sector in India to open a Currency Chest on behalf of the RBI in April 1992.
1992: The FIRST bank in Kerala to develop an in-house, a fully integrated branch automation software in addition to the in-house partial automation solution operational since 1992.
1992: The FIRST private sector bank to open a NRI branch in November 1992.
1993: The FIRST bank in the private sector to start an Industrial Finance Branch in March 1993.
1993: The FIRST among the private sector banks in Kerala to open an ‘Overseas Branch’ to cater exclusively to the export and import business in June 1993.
2014-15: ISO 27001 implementation for DC/DR and IT operations.
2014-15: Integrated CRM solution to help business users for better understanding of its customers.
2015-16: Issuance of MasterCard Titanium and issuance of Master Card World.
2015-16: Enabling e-commerce transactions in Rupay cards.
2016-17: Bank started issuing pre-paid instruments after taking approval from Reserve Bank of India.
2016-17: Bank received approval from RBI to open a representative office at Dubai in UAE.
2016-17: Bank received license from Reserve Bank of India for participating in Bharath Bill Payment System (BBPS) set up by NPCI.
2017-18: The Bank has started operations of Representative office at Dubai in UAE from 25.04.2018.
2017-18: The Bank has started instant account opening by biometric verification at branches.
2017-18: The Bank has started issuing ‘FASTAG’ to vehicles enabling Toll payments digitally without waiting at Toll Booths.
2017-18: The Bank has started ‘Bharat QR’ to enable merchants to accept payments digitally.
2018-19: Tied up with Bharti AXA as the third general Insurance partner which in turn will provide a better spread of products to customers as well as aid in significantly improving the other income.
2018-19: Introduced Merchant in a Box - Master card business debit card and Bharat QR is provided in a bundled offer to pre identified merchants free of cost.
2018-19: Launched Secured Credit Card - Secured Credit Card is a new product under the digital products catalogue, by which a Credit Card can be issued to Bank's retail customers who maintain a fixed deposit with the Bank. Unlike an unsecured Credit card issued based on the credibility of the applicant, Secured credit card is issued based on the Fixed deposit of the applicant, Lien-marked for the card.
2018-19: Introduced a new Savings Bank Account ‘SIB – RUBY’ with Best in Class Features and Higher Interest rate.
2019-20: Tied-up with Mirae Asset Mutual Fund and Motilal Oswal Mutual Funds, thereby giving more options for the customers to invest.
2019-20: Launched new GPRS POS Terminals (e-charge slip based Paytivo 6210).
2019-20: Introduced digitalized Term Deposit Advices in lieu of Term Deposit Receipts as part of extending digital services with the ‘Go Green’ concept in mind.
2019-20: Launched a new Retail Term Deposit product called “FD VANTAGE”. FD Vantage is a Term Deposit product in three variants like FD Vantage - Alpha, Beta & Gama clubbed with free insurance coverage.