South Indian Bank Ltd logo

South Indian Bank Ltd

SOUTHBANK NSE

Key Fundamentals

MicrocapPrivate BankBanks
Market Cap
₹11,960 Cr
Volatility
Moderate
P/E Ratio
7.9
EBITDA
₹2,072 Cr
Return on Equity
12.75%
Debt to Equity
0
Book Value
₹45.08
EPS
₹4.44
52W High
₹49.9
52W Low
₹28.11

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

2
  • Stock is trading at 1.00 times its book value
  • Company has delivered good profit growth of 88.0% CAGR over last 5 years

Weaknesses

5
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.15% over past five years.
  • Company has a low return on equity of 13.7% over last 3 years.
  • Contingent liabilities of Rs.14,248 Cr.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
5.60% ↗
Net Income Growth
11.70% ↗
Cash Flow Change
266.03% ↗
ROE
-1.09% ↗
ROCE
-4.22% ↘
EBITDA Margin (Avg.)
3.13% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 19d ago
AI opinion · based on fundamentals
Risk medium

South Indian Bank trades at a P/E of 8.1x and P/B of 1.04x with a market cap of Rs.12,355 Cr. The bank has delivered strong profit growth of 88% CAGR over five years but revenue growth remains modest at 6% CAGR over the same period, reflecting an improving profitability profile against a backdrop of slow top-line expansion.

Bull Case 7
  • Exceptional profit CAGR of 88% over the last 5 years indicates a sharp turnaround in earnings quality
  • Valuation remains undemanding at P/E of 8.1x, well below the banking sector median, suggesting limited downside from current levels
  • P/B ratio of 1.04x means the stock trades near book value, offering margin of safety for value investors
  • Stock has delivered 63% return over the past 1 year and 38% CAGR over 3 years, reflecting strong re-rating momentum
  • ROE has improved to 14% in the last year from a 10-year average of 9%, signaling structural improvement in return ratios
  • TTM profit growth of 14% continues to outpace revenue growth of 7%, indicating operating leverage and margin expansion
  • 3-year compounded profit growth of 23% demonstrates sustained earnings recovery beyond a one-time base effect
Bear Case 8
  • Revenue growth has been weak at just 6.15% CAGR over the past 5 years, raising questions about the bank's ability to scale its loan book
  • Contingent liabilities of Rs.14,248 Cr represent a material risk relative to the bank's market cap of Rs.12,355 Cr
  • Low interest coverage ratio suggests vulnerability to margin compression in a competitive lending environment
  • 3-year average ROE of 13.7% remains below what top-tier private banks deliver, indicating sub-optimal capital efficiency
  • Dividend yield of only 0.96% offers minimal income return to shareholders despite improved profitability
  • Potential capitalization of interest costs may be flattering reported earnings and book value
  • 10-year stock CAGR of only 10% despite recent re-rating highlights a long history of value destruction for long-term holders
  • 10-year compounded sales growth of just 6% lags nominal GDP growth, indicating the bank is losing market share over time

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 15d ago
Positives 4
  • Q1FY27 profit up 17.4% Jul 19

    Net profit rose 17.39% YoY to ₹378 crore with NII up 23.05% to ₹1,025 crore. GNPA improved to 1.38% and gross advances grew 17.01% to ₹1,04,368 crore.

  • Kotak MF crosses 5% stake Jul 23

    Kotak Mahindra Mutual Fund acquired 1.47 crore shares via open market, raising stake to 5.16% and triggering SAST disclosure.

  • 14.6% business growth in FY26 Jul 27

    BRSR filing shows total business grew 14.6% to ₹2.23 lakh crore with customer base expanding to 8.3 million.

  • New Hyderabad branch opened Jul 27

    Bank opened a new retail branch at Gachibowli Road, Kondapur, Hyderabad on July 27, 2026, expanding its physical footprint.

Neutral 2
  • 98th AGM on August 20 Jul 27

    South Indian Bank schedules 98th AGM on August 20, 2026 via VC/OAVM with record date of August 13. Board recommends 45% dividend at ₹0.45 per share for FY26.

  • Investor meet on Aug 10 Aug 4

    Bank to participate in Nirmal Bang Semi-Annual Investor Conference on August 10, 2026 in Mumbai with group and one-on-one sessions.

TL;DR: South Indian Bank is executing well with strong Q1FY27 earnings growth across profit, NII, and advances, complemented by improving asset quality at 1.38% GNPA. Institutional interest is rising with Kotak MF crossing the 5% threshold. No material headwinds are visible in recent news flow. The trend is clearly improving, and sustained mid-teens credit growth with stable asset quality should support further re-rating.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
2,025
2,129
2,184
2,275
2,314
2,355
2,371
2,373
2,362
2,407
2,518
2,559
2,628
Expenses
877
777
837
828
893
852
816
982
1,022
852
863
754
897
Financing Profit
-70
53
-18
47
-27
30
54
-113
-189
-43
18
161
128
Fin. Margin %
-3%
3%
-1%
2%
-1%
1%
2%
-5%
-8%
-2%
1%
6%
5%
Other Income
361
356
452
346
422
410
409
572
622
516
486
386
379
Interest
1,217
1,298
1,365
1,400
1,449
1,472
1,501
1,505
1,530
1,598
1,637
1,644
1,603
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
292
409
435
393
395
440
463
459
433
472
504
547
507
Tax %
31%
33%
30%
27%
25%
26%
26%
25%
26%
26%
26%
25%
26%
Net Profit
202
275
305
288
294
325
342
342
322
351
374
408
378
EPS in Rs
0.77
1.05
1.17
1.1
1.12
1.24
1.31
1.31
1.23
1.34
1.43
1.56
1.44
Gross NPA %
5.13%
4.96%
4.74%
4.5%
4.5%
4.4%
4.3%
3.2%
3.15%
2.93%
2.67%
1.43%
1.38%
Net NPA %
1.85%
1.7%
1.61%
1.46%
1.44%
1.31%
1.25%
0.92%
0.68%
0.56%
0.45%
0.29%
0.26%
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
5,286
5,557
5,847
6,193
6,877
7,764
7,305
6,587
7,233
8,613
9,413
9,846
10,112
Expenses
1,396
1,450
1,725
2,239
2,296
3,136
3,467
3,106
2,629
3,228
3,440
3,376
3,366
Financing Profit
-30
59
-50
-274
-276
-818
-1,060
-866
383
104
45
61
263
Fin. Margin %
-1%
1%
-1%
-4%
-4%
-11%
-15%
-13%
5%
1%
0%
1%
3%
Other Income
497
517
716
837
726
1,046
1,229
1,034
813
1,516
1,813
2,009
1,767
Interest
3,920
4,048
4,172
4,227
4,857
5,446
4,899
4,347
4,221
5,281
5,928
6,409
6,482
Depreciation
-1
67
65
64
70
78
83
84
87
90
102
115
0
PBT
468
510
600
500
380
150
87
84
1,108
1,529
1,757
1,956
2,031
Tax %
34%
35%
35%
33%
35%
30%
29%
46%
30%
30%
26%
26%
—
Net Profit
307
333
392
335
248
105
62
45
775
1,070
1,303
1,455
1,511
EPS in Rs
1.37
1.48
1.74
1.48
1.09
0.46
0.24
0.17
2.96
4.09
4.98
5.56
5.77
Div. Payout %
26%
20%
18%
22%
18%
0%
0%
0%
8%
7%
8%
8%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
135
135
180
181
181
181
209
209
209
262
262
262
Reserves
3,457
3,711
4,668
5,062
5,156
5,296
5,600
5,645
6,465
8,565
9,846
11,154
Borrowing
2,032
2,615
1,958
4,043
4,903
6,893
4,108
3,294
6,994
3,912
4,300
3,927
Deposits
52,112
55,721
66,117
72,030
80,420
83,034
82,711
89,142
91,651
1,01,920
1,07,526
1,23,346
Other Liabilities
1,380
1,294
1,388
1,370
1,619
1,628
1,521
1,761
2,378
2,754
2,721
3,067
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
1,24,655
1,41,756
Fixed Assets
469
467
618
642
677
776
755
752
754
966
1,018
1,043
CWIP
10
20
38
39
32
24
40
59
124
0
0
0
Investments
14,086
14,744
19,430
18,363
19,081
20,625
20,321
21,445
24,642
23,977
21,777
27,328
Other Assets
44,551
48,244
54,226
63,642
72,489
75,608
73,033
77,796
82,178
92,469
1,01,860
1,13,386
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
1,24,655
1,41,756
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
687
109
1,957
793
1,678
656
5,808
5,165
-7,261
7,075
-2,353
3,907
Investing
-173
-1,398
-1,842
-824
-1,175
-1,577
-1,092
-1,741
-386
-1,986
4,434
-5,465
Financing
-137
168
498
364
98
288
-138
-989
3,524
-2,148
157
-561
Net Cash Flow
377
-1,121
613
333
602
-633
4,578
2,436
-4,123
2,942
2,238
-2,119
Free Cash Flow
618
34
1,835
704
1,580
575
5,733
5,128
-7,370
6,901
-2,509
3,768
CFO/OP
25
8
55
23
40
17
149
150
-153
142
-34
68
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
9%
9%
9%
7%
5%
2%
1%
1%
12%
14%
14%
14%

Shareholding Pattern

As of Jun 2026
Public 47.31%
FIIs 25.39%
DIIs 14.25%
Others 13.06%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
15.01%
14.68%
15.17%
13.44%
11.48%
11.46%
11.96%
17.58%
17.91%
20.94%
24.21%
25.39%
DIIs
18.00%
16.96%
16.57%
16.57%
16.48%
16.06%
11.64%
6.88%
7.24%
6.59%
7.61%
4.67%
5.11%
5.25%
7.25%
10.42%
11.10%
11.92%
13.80%
12.76%
14.25%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
60.36%
61.58%
63.07%
63.36%
63.18%
63.76%
66.47%
64.23%
63.12%
63.45%
63.80%
63.95%
66.57%
68.50%
66.76%
63.25%
57.16%
55.85%
51.31%
49.47%
47.31%
Others
21.64%
21.47%
20.36%
20.07%
20.33%
20.17%
21.89%
28.89%
29.64%
14.95%
13.92%
16.21%
14.89%
14.77%
14.53%
14.37%
14.15%
14.32%
13.94%
13.56%
13.06%
No. of Shareholders
5,51,117
6,50,882
6,51,236
6,57,044
6,64,199
6,61,707
6,97,657
6,95,022
7,09,877
8,09,664
8,88,397
11,04,000
12,08,110
12,47,470
12,58,790
12,54,660
11,97,830
11,81,500
11,51,970
11,67,280
11,43,420

Documents

1
Concall - May 2017 May 2017
2
Concall - Oct 2017 Oct 2017
3
Concall - Jan 2018 Jan 2018
4
Concall - May 2018 May 2018
5
Concall - Nov 2019 Nov 2019

Frequently Asked Questions about South Indian Bank Ltd

What does South Indian Bank Ltd do?
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 p...
Where is South Indian Bank Ltd (SOUTHBANK) listed?
South Indian Bank Ltd is listed on the Indian stock exchanges. It is listed on NSE: SOUTHBANK and BSE: 532218. You can view its live share price, financials, and ratios on Tapetide.
Which sector does South Indian Bank Ltd belong to?
South Indian Bank Ltd operates in the Banks sector within the Private Bank industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of South Indian Bank Ltd?
South Indian Bank Ltd has a market capitalisation of approximately ₹11959.90 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of South Indian Bank Ltd?
The Price-to-Earnings (PE) ratio of South Indian Bank Ltd is 7.90. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of South Indian Bank Ltd?
Over the past 52 weeks, South Indian Bank Ltd has traded between a low of ₹28.11 and a high of ₹49.9. This range helps investors understand the stock's price volatility and recent trading levels.
Does South Indian Bank Ltd pay dividends?
Yes, South Indian Bank Ltd has a dividend yield of 1.00%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of South Indian Bank Ltd?
South Indian Bank Ltd has a Return on Equity (ROE) of 12.75%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research South Indian Bank Ltd on Tapetide?
On Tapetide, you can view South Indian Bank Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website southindianbank.com
Listed 1998-12-08
Face Value ₹ 1
Issued Size 2,61,71,54,187

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