SOUTHBANK - South Indian Bank Ltd. Share Price
Banks
Valuation | |
|---|---|
| Market Cap | 7.78 kCr |
| Price/Earnings (Trailing) | 5.87 |
| Price/Sales (Trailing) | 0.67 |
| EV/EBITDA | 1 |
| Price/Free Cashflow | -3.31 |
| MarketCap/EBT | 4.33 |
| Enterprise Value | 7.78 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 11.55 kCr |
| Rev. Growth (Yr) | 9.1% |
| Earnings (TTM) | 1.33 kCr |
| Earnings Growth (Yr) | 9.6% |
Profitability | |
|---|---|
| Operating Margin | 21% |
| EBT Margin | 16% |
| Return on Equity | 1.07% |
| Return on Assets | 1.07% |
| Free Cashflow Yield | -30.25% |
Price to Sales Ratio
Revenue (Last 12 mths)
Net Income (Last 12 mths)
Growth & Returns | |
|---|---|
| Price Change 1W | -0.40% |
| Price Change 1M | -2.8% |
| Price Change 6M | 15% |
| Price Change 1Y | 11.2% |
| 3Y Cumulative Return | 55.9% |
| 5Y Cumulative Return | 32.8% |
| 7Y Cumulative Return | 7.4% |
| 10Y Cumulative Return | 3.6% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | 4.43 kCr |
| Cash Flow from Operations (TTM) | -2.35 kCr |
| Cash Flow from Financing (TTM) | 156.85 Cr |
| Free Cash Flow (TTM) | -2.35 kCr |
| Free Cash Flow/Share (TTM) | -8.99 |
Balance Sheet | |
|---|---|
| Total Assets | 1.25 LCr |
| Shareholder Equity | 1.25 LCr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | -0.7 |
| Interest/Cashflow Ops | 0.61 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 0.3 |
| Dividend Yield | 1.01% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 25% |
Risk & Volatility | |
|---|---|
| Max Drawdown | -35.4% |
| Drawdown Prob. (30d, 5Y) | 48.46% |
| Risk Level (5Y) | 52.4% |
Summary of Latest Earnings Report from South Indian Bank
Summary of South Indian Bank's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated:
Management provided a positive outlook for the financial year 2025-26, expecting overall asset growth to be north of 12%, with aspirations that it may exceed this figure by 3-4 percentage points. The bank's net profit for FY 2024-2025 reached Rs. 1,303 crores, reflecting a growth of 22% from Rs. 1,070 crores in FY 2023-2024. Notably, total deposits grew by 6% year-on-year to Rs. 107,526 crores, while gross advances increased by 9% to Rs. 87,579 crores.
Key forward-looking points highlighted by the management include:
MSME Growth: Management expressed confidence in significant growth in the MSME segment, which they believe will contribute considerably to asset growth in FY 2025-26.
NIM and ROA Expectations: The net interest margin (NIM) for FY 2024-2025 was 3.24%, and while management hesitated to provide specific guidance for the next year, they indicated that return on assets (ROA) would likely remain in the vicinity of 1% for the upcoming year, with potential for increases as the interest rate environment stabilizes.
Write-offs: The bank has implemented a strategy for accelerated technical write-offs, amounting to Rs. 900 crores in Q4, aimed at improving the gross non-performing asset (NPA) ratio, which decreased to 3.2%.
Deposit Growth: Management forecasts deposit growth to be over 10% in FY 2025-26, driven by a strategy to balance the asset mix and increase retail deposits while reducing reliance on corporate loans.
Product Development: The management is focusing efforts on wealth management products and enhancing cross-selling to existing customers as part of their growth strategy.
Overall, the management believes that the foundation for sustained growth has been laid, with an emphasis on modernizing systems and improving customer focus across operations.
Last updated:
Major Q&A from the Earnings Call
Question 1: "During Q4 '25, we were helped by strong revenue accruing from our treasury operations. Can you provide additional color on this other income line item?"
Answer: Thank you for the question. Our treasury operations indeed saw significant revenue growth, contributing notably to our other income. Additionally, we realized approximately Rs. 177 crores from recoveries that quarter, which also boosted our revenue figures.
Question 2: "Can you give insight on the MSME loan book growth?"
Answer: We were pleased to stabilize our MSME book this year, albeit with no significant growth due to a technical write-off of Rs. 546 crores, which may distort perceptions. Moving forward, we are optimistic about meaningful growth this year driven by our enhanced onboarding process.
Question 3: "What guidance do you have for FY '26 in terms of advance growth and profitability?"
Answer: Last year, we targeted 10% growth, and we achieved that. For this year, we're aiming for growth north of 12%, and we believe we could hit 20-30% growth depending on the environment. Our focus will be on MSME and retail assets for better yield.
Question 4: "What's your expectation on return on assets (ROA) for the upcoming years?"
Answer: We anticipate maintaining our ROA around 1.0% for the upcoming year, with potential improvement as our retail and MSME segments grow. Long-term expectations could push it closer to 1.15%-1.20% as the interest rate environment normalizes.
Question 5: "What is the guidance on deposit growth?"
Answer: We expect total deposits to grow by over 10% in the next year. As for advances, we are targeting north of 12%, given our strategy to shift towards higher-yield segments like MSME and retail loans.
Question 6: "Can you elaborate on the automation of loan processing in your LAP products?"
Answer: We've automated portions of the credit underwriting process, particularly analyzing income and cash flow. While property valuation and documentation still require manual intervention, we've improved efficiency in the initial stages to support loan processing.
Question 7: "What is the current mix of fixed and floating rate loans?"
Answer: Our fixed-rate loans comprise about one-third of the portfolio, and floating-rate loans also account for approximately 40%. The remaining balance consists of other reference-based loans, including MCLR and term loans.
Question 8: "How did the write-off impact your gross NPA figures?"
Answer: This quarter, we wrote off Rs. 900 crores, primarily impacting our MSME segments. This was a strategic decision to improve our gross NPA metrics while maintaining a stable provision coverage ratio.
Question 9: "What has been the contribution from recoveries to your other income?"
Answer: Yes, the recovery of Rs. 177 crores contributed to our other income. This reflects our ongoing efforts in asset recovery and credit management, positively impacting our financial results this quarter.
Question 10: "How do you view your branch value addition metrics?"
Answer: We've implemented a new system to calculate branch value addition based on historical sales data and their future cash flow potential. Increased sales, even if not reflected immediately in NII, will positively influence our revenue in time.
These responses represent key questions and clarifications shared during the earnings call, reflecting South Indian Bank's financial strategies and outlook.
Revenue Breakdown
Analysis of South Indian Bank's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Jun 30, 2025
| Description | Share | Value |
|---|---|---|
| Other Retail Banking | 36.1% | 1.1 kCr |
| Corporate/ Wholesale Banking | 28.7% | 856.9 Cr |
| Treasury | 24.5% | 731.1 Cr |
| Digital Banking | 7.4% | 221.6 Cr |
| Other Banking Operations | 3.2% | 96 Cr |
| Total | 3 kCr |
Share Holdings
Understand South Indian Bank ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
Holding Pattern
Share Holding Details
| Shareholder Name | Holding % |
|---|---|
| Bandhan Small Cap Fund | 4.6% |
| Yusuffali Musaliam Veettil Abdul Kader . | 4.32% |
| Kotak Mahindra Trustee Co Ltd A/C Kotak Multicap Fund | 4.28% |
| Swedbank Robur Global Emerging Markets | 2.93% |
| Acacia Banyan Partners | 1.21% |
Overall Distribution
Distribution across major stakeholders
Ownership Distribution
Distribution across major institutional holders
Is South Indian Bank Better than it's peers?
Detailed comparison of South Indian Bank against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| FEDERALBNK | Federal Bank | 51.12 kCr | 32.03 kCr | -1.10% | +1.70% | 12.42 | 1.6 | - | - |
| KARURVYSYA | Karur Vysya Bank | 20.98 kCr | 11.51 kCr | +5.10% | +20.60% | 11.12 | 1.82 | - | - |
| CUB | City Union Bank | 15.49 kCr | 6.73 kCr | +5.10% | +31.40% | 14.01 | 2.3 | - | - |
| KTKBANK | Karnataka Bank | 7.1 kCr | 10.28 kCr | -9.40% | -18.80% | 5.69 | 0.69 | - | - |
| DCBBANK | DCB Bank | 4.33 kCr | 7.22 kCr | -3.70% | +8.40% | 7.51 | 0.6 | - | - |
Sector Comparison: SOUTHBANK vs Banks
Comprehensive comparison against sector averages
Comparative Metrics
SOUTHBANK metrics compared to Banks
| Category | SOUTHBANK | Banks |
|---|---|---|
| PE | 5.87 | 25.81 |
| PS | 0.67 | 3.89 |
| Growth | 10.3 % | 9.9 % |
Performance Comparison
SOUTHBANK vs Banks (2021 - 2025)
- 1. SOUTHBANK is NOT among the Top 10 largest companies in Private Sector Bank.
- 2. The company holds a market share of 0.8% in Private Sector Bank.
- 3. The company is growing at an average growth rate of other Private Sector Bank companies.
Income Statement for South Indian Bank
Balance Sheet for South Indian Bank
Cash Flow for South Indian Bank
What does South Indian Bank Ltd. do?
The South Indian Bank Limited provides various banking products and services in India. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company's personal banking products and services include savings and current accounts, term deposits, and unclaimed deposits/inoperative accounts; personal, car, home, gold, educational, property, and other loans, as well as one time settlement scheme for micro and small enterprises sector; and mutual funds. It also offers insurance products, such as life, health, and various credit risk insurance, as well as general insurance products, such as fire, liability, marine, motor, personal accident, and travel insurance products. In addition, the company provides money transfer services; various cards; and value added services, including SIB rewardz, KYC certification of mutual fund investors, SIB e-academia, 3-in-one trading KIT, green pin, SIB feebook, branch banking, FX-retail, KYC updation, NETC FASTag, sovereign gold bonds, credit and debit cards, ATM cum shopping card, mobile and internet banking, demat, pension system, online trading, APY/NPS lite, SIB collect, SIB travel card, PAN service agency, cash management, direct debit, tax payment and savings investments, and safe deposit locker services, as well as distributes capital gain bonds and tax free bonds. The company's NRI banking services comprise NRE and NRO rupee accounts, and foreign currency deposits; e-services; remittances and payments; money transfers; and value added services, as well as portfolio investment schemes. Its business banking services include normal and premium accounts, SIB merchant plus, and trader smart current accounts; working capital, long term, non-fund based, supply chain, and SIB commercial vehicle loans; international finance; and merchant acquiring services. It has a network of branches and ATMs/CRMs. The company was incorporated in 1929 and is headquartered in Thrissur, India.