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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of South Indian Bank Ltd

About the Company - South Indian Bank Ltd

South Indian Bank Ltd. is a Public Limited Listed company incorporated on 25/01/1929 and has its registered office in the State of Kerala, India. Company’s Corporate Identification Number(CIN) is L65191KL1929PLC001017 and registration number is 001017. Currently Company is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is Rs. 6586.54 Cr. and Equity Capital is Rs. 209.27 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private SectorSIB House, T B Road, Thrisoor Kerala 680001ho2006@sib.co.in
http://www.southindianbank.com
Management
NamePosition Held
Mr. Salim GangadharanChairman
Mr. Murali RamakrishnanManaging Director & CEO
Mr. Benny P ThomasNon Executive Director
Mr. V J KurianIndependent Director
Mr. M George KorahIndependent Director
Mr. Pradeep M GodboleIndependent Director
Mr. Paul AntonyNon Executive Director
Mr. R A Sankara NarayananIndependent Director
Mrs. Radha UnniIndependent Director

South Indian Bank Ltd. Share Price Update

Share PriceValue
Today₹35.60
Previous Day₹37.02

Basic Stock Data of South Indian Bank Ltd

Market Cap 7,220 Cr.
Current Price 34.5
High / Low40.2/13.8
Stock P/E6.47
Book Value 31.9
Dividend Yield0.87 %
ROCE5.23 %
ROE12.4 %
Face Value 1.00

Data Source: screener.in

Competitors of South Indian Bank Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Federal Bank Ltd 37,174 Cr. 153167/1219.62 1050.65 %5.91 %15.3 % 2.00
Jammu & Kashmir Bank Ltd 15,901 Cr. 144152/44.69.86 95.90.34 %4.92 %13.1 % 1.00
Ujjivan Small Finance Bank Ltd 10,626 Cr. 54.363.0/22.88.45 20.52.26 %10.6 %33.3 % 10.0
AU Small Finance Bank Ltd 40,150 Cr. 600813/54825.3 1650.17 %7.39 %15.4 % 10.0
Equitas Small Finance Bank Ltd 11,679 Cr. 103116/61.215.0 46.40.96 %8.04 %12.2 % 10.0
Industry Average22.6 Cr210.8613.6586.560.88%7.37%17.86%6.6

South Indian Bank Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue1,8121,7081,6331,6471,6711,6351,6221,7401,8981,9732,0252,1292,184
Interest1,2161,1471,0911,1191,0981,0381,0181,0141,0731,1161,2171,2981,365
Expenses989985979934861591672735629680877777837
Financing Profit-392-424-437-407-2886-69-9196177-7053-18
Financing Margin %-22%-25%-27%-25%-17%0%-4%-0%10%9%-3%3%-1%
Other Income270435451157222204246255-34345361356452
Depreciation0000000000000
Profit before tax-1221114-250-66210177246162523292409435
Tax %25%35%27%25%24%-29%35%9%36%36%31%33%30%
Net Profit-92710-187-50272115223103334202275305
EPS in Rs-0.510.030.05-0.89-0.241.300.551.070.491.600.971.311.46
Gross NPA %4.90%6.97%8.02%6.65%6.56%5.90%5.87%5.67%5.48%5.14%5.13%4.96%4.74%
Net NPA %2.12%4.71%5.05%3.85%3.52%2.97%2.87%2.51%2.26%1.86%1.85%1.70%1.61%

South Indian Bank Ltd Quarterly Chart

South Indian Bank Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue3,5834,4345,0155,2865,5575,8476,1936,8777,7647,3056,5877,2338,311
Interest2,5623,1533,6163,9204,0484,1724,2274,8575,4464,8994,3474,2214,997
Expenses6659209941,3961,4501,7252,2392,2963,1363,4673,1062,6293,171
Financing Profit356361405-3059-50-274-276-818-1,060-866383144
Financing Margin %10%8%8%-1%1%-1%-4%-4%-11%-15%-13%5%2%
Other Income2473353684975177168377261,0461,2291,0348131,515
Depreciation314045-167656470788384870
Profit before tax57265672946851060050038015087841,1081,658
Tax %30%23%30%34%35%35%33%35%30%29%46%30%
Net Profit40250250830733339233524810562457751,116
EPS in Rs2.662.812.831.711.852.181.851.370.580.300.213.705.34
Dividend Payout %17%19%21%26%20%18%22%18%0%0%0%8%

South Indian Bank Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)24.88%1.20%-39.57%8.47%17.72%-14.54%-25.97%-57.66%-40.95%-27.42%1622.22%
Change in YoY Net Profit Growth (%)0.00%-23.68%-40.76%48.04%9.25%-32.26%-11.43%-31.69%16.71%13.53%1649.64%

South Indian Bank Ltd Growth

Compounded Sales Growth
10 Years:5%
5 Years:3%
3 Years:-2%
TTM:21%
Compounded Profit Growth
10 Years:4%
5 Years:18%
3 Years:95%
TTM:57%
Stock Price CAGR
10 Years:8%
5 Years:22%
3 Years:65%
1 Year:110%
Return on Equity
10 Years:6%
5 Years:4%
3 Years:5%
Last Year:12%

South Indian Bank Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital113134134135135180181181181209209209
Reserves2,0572,8723,2363,4573,7114,6685,0625,1565,2965,6005,6456,465
Borrowings37,08945,54750,22254,14558,33668,07576,07385,32389,92786,81992,43798,645
Other Liabilities1,1111,2421,3941,3801,2941,3881,3701,6191,6281,5211,7612,378
Total Liabilities40,37049,79554,98659,11663,47574,31282,68692,27997,03394,149100,052107,698
Fixed Assets378396404469467618642677776755752754
CWIP0081020383932244059124
Investments9,40012,52314,35214,08614,74419,43018,36319,08120,62520,32121,44524,642
Other Assets30,59336,87540,22244,55148,24454,22663,64272,48975,60873,03377,79682,178
Total Assets40,37049,79554,98659,11663,47574,31282,68692,27997,03394,149100,052107,698

South Indian Bank Ltd Reserves and Borrowings Chart

South Indian Bank Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1,8512,6999266871091,9577931,6786565,8085,165-7,261
Cash from Investing Activity -1,590-1,348-1,850-173-1,398-1,842-824-1,175-1,577-1,092-1,741-386
Cash from Financing Activity -86345-194-13716849836498288-138-9893,524
Net Cash Flow1741,695-1,118377-1,121613333602-6334,5782,436-4,123

South Indian Bank Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROE %20%19%16%9%9%9%7%5%2%1%1%12%

South Indian Bank Ltd Financial Efficiency Indicators Chart

South Indian Bank Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
FIIs7.27%7.03%7.01%7.28%7.36%7.45%7.82%14.88%14.58%13.59%15.00%14.68%
DIIs18.04%17.00%16.62%16.62%16.53%16.12%11.64%6.87%7.64%7.84%6.59%7.61%
Public74.69%75.97%76.37%76.10%76.11%76.43%80.54%78.22%77.77%78.57%78.40%77.70%
No. of Shareholders5,53,5576,50,8826,51,2366,57,0446,64,1996,61,7076,97,6576,95,0227,09,8777,15,0158,09,6648,88,397

South Indian Bank Ltd Shareholding Pattern Chart

No. of South Indian Bank Ltd Shareholders

South Indian Bank Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Mahindra Manulife Flexi Cap Fund40000001.1513.88
Mahindra Manulife ELSS Tax Saver Fund25400001.138.81
Mahindra Manulife Balanced Advantage Fund15000000.775.21

South Indian Bank Ltd ROCE Trend

South Indian Bank Ltd EPS Trend

South Indian Bank Ltd Key Financial Ratios

MonthMar 23Mar 22
Face Value1.001.00
Basic EPS (Rs.)3.700.21
Diluted EPS (Rs.)3.700.21
Cash EPS (Rs.)4.120.61
Book Value[Excl.RevalReserv]/Share (Rs.)31.8927.97
Book Value[Incl.RevalReserv]/Share (Rs.)31.8927.97
Operating Revenue / Share (Rs.)34.5631.47
Net Profit / Share (Rs.)3.700.21
Net Profit After MI / Share (Rs.)3.700.21
Net Profit Margin (%)10.710.68
Net Profit After MI And SOA Nargin (%)10.710.68
Operating Profit Margin (%)-0.49-15.01
Return On Assets (%)0.710.04
Return On Equity / Networth (%)11.610.76
Net Interest Margin (X)2.792.23
Cost To Income (%)37.8942.37
Interest Income / Total Assets (%)6.716.58
Non-Interest Income / Total Assets (%)0.751.03
Operating Profit / Total Assets (%)-0.03-0.98
Operating Expenses / Total Assets (%)2.152.02
Interest Expenses / Total Assets (%)3.914.34
Enterprise Value (Rs.Cr.)97064.2990333.37
EV Per Net Sales (X)13.4213.71
Price To Book Value (X)0.450.26
Price To Sales (X)0.420.23
Retention Ratios (%)100.00100.00
Earnings Yield (X)0.250.02

South Indian Bank Ltd Profitability Ratios (%)

South Indian Bank Ltd Liquidity Ratios

South Indian Bank Ltd Liquidity Ratios (%)

South Indian Bank Ltd Interest Coverage Ratios (X)

South Indian Bank Ltd Valuation Ratios

Fair Value / Intrinsic Value of South Indian Bank Ltd

Fair Value: ₹25.82

The stock is overvalued by 25.17% compared to the current price ₹34.5

*Investments are subject to market risks

Strength and Weakness of South Indian Bank Ltd

Unable to fetch valid data for stock valuation.

Should I Buy South Indian Bank Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in South Indian Bank Ltd:
    1. Net Profit Margin: 10.71%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: N/A% (Industry Average ROCE: 7.03%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): N/A
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: N/A
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 6.47 (Industry average Stock P/E: 12.18)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✗ Total Debt / Equity: N/A
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in South Indian Bank Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE