WEBSITE BSE:532218 NSE : SOUTH IND.BK 10 May, 16:01
Market Cap ₹7126 Cr.
Stock P/E 6.0
P/B 0.8
Current Price ₹27.2
Book Value ₹ 32.4
Face Value 1
52W High ₹36.9
Dividend Yield 1.1%
52W Low ₹ 14.9
The South Indian Bank Ltd (the Bank) is a banking company which is engaged in offering various banking and financial offerings, which include retail banking, corporate banking and treasury operations. The Company’s segments include Treasury, Corporate/ Wholesale Banking, Retail Banking and Other Banking Operations. The Treasury section includes interest earnings on investments portfolio of the bank, gains or losses on funding operations and earnings from forex enterprise. The Corporate / Wholesale Banking section provides loans to corporate segment. The Retail Banking segment gives loans to non-corporate customers. The Other Banking Operations section includes income from para banking activities, consisting of debit cards, third party product distribution and associated expenses. The Bank has a community of approximately 935 banking outlets and about 1,315 automated teller machines (ATMs) in India.
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| #(Fig in Cr.) | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest Earned | 1671 | 1635 | 1622 | 1740 | 1898 | 1973 | 2025 | 2129 | 2184 | 2275 |
| Other Income | 222 | 204 | 246 | 255 | -34 | 345 | 361 | 355 | 452 | 346 |
| Total Income | 1893 | 1839 | 1868 | 1995 | 1864 | 2318 | 2386 | 2484 | 2636 | 2621 |
| Interest Expense | 1098 | 1038 | 1018 | 1014 | 1073 | 1116 | 1217 | 1298 | 1365 | 1400 |
| Operating Expenditure | 515 | 514 | 533 | 555 | 587 | 641 | 678 | 725 | 788 | 787 |
| Provisions and contingencies | 346 | 78 | 139 | 179 | 41 | 39 | 199 | 51 | 49 | 41 |
| Operating Profit | -67 | 210 | 178 | 247 | 162 | 522 | 292 | 409 | 435 | 393 |
| Profit Before Tax | -67 | 210 | 178 | 247 | 162 | 522 | 292 | 409 | 435 | 393 |
| Provision for Tax | -16 | -62 | 62 | 23 | 59 | 189 | 89 | 134 | 130 | 105 |
| Profit After Tax | -50 | 272 | 115 | 223 | 103 | 334 | 203 | 275 | 305 | 287 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -50 | 272 | 115 | 223 | 103 | 334 | 203 | 275 | 305 | 287 |
| Adjusted Earnings Per Share | -0.2 | 1.2 | 0.5 | 1 | 0.5 | 1.5 | 0.9 | 1.2 | 1.3 | 1.1 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|
| Interest Earned | 6587 | 7233 | 8613 |
| Other Income | 1034 | 811 | 1514 |
| Total Income | 7620 | 8045 | 10127 |
| Interest Expense | 4347 | 4221 | 5280 |
| Operating Expenditure | 2026 | 2316 | 2978 |
| Provisions and contingencies | 1340 | 261 | 340 |
| Operating Profit | -92 | 1247 | 1529 |
| Profit Before Tax | -92 | 1247 | 1529 |
| Provision for Tax | -137 | 471 | 458 |
| Profit After Tax | 45 | 775 | 1070 |
| Adjustments | 0 | 0 | 0 |
| Profit After Adjustments | 45 | 775 | 1070 |
| Adjusted Earnings Per Share | 0.2 | 3.4 | 4.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 10% | 0% | 0% | 0% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 1622% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 84% | 42% | 16% | 3% |
| ROE Average | 12% | 7% | 7% | 7% |
| ROCE Average | 14% | 8% | 8% | 8% |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 |
|---|---|---|
| Shareholder's Funds | 5854 | 6675 |
| Minority's Interest | 0 | 0 |
| Deposits | 89142 | 91650 |
| Borrowings | 3294 | 6994 |
| Other Liabilities & Provisions | 1761 | 2379 |
| Total Liabilities | 100052 | 107697 |
| Cash and balance with RBI | 7277 | 4639 |
| Bank Balance | 3927 | 2441 |
| Investments | 21445 | 24641 |
| Advances | 59993 | 69804 |
| Fixed Assets | 752 | 754 |
| Other Assets | 6599 | 5293 |
| Total Assets | 100052 | 107697 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 |
|---|---|---|
| Opening Cash & Cash Equivalents | 8768 | 11203 |
| Cash Flow from Operating Activities | 5165 | -7261 |
| Cash Flow from Investing Activities | -1741 | -386 |
| Cash Flow from Financing Activities | -989 | 3524 |
| Net Cash Inflow / Outflow | 2436 | -4123 |
| Closing Cash & Cash Equivalent | 11203 | 7080 |
| # | Mar 2022 | Mar 2023 |
|---|---|---|
| Earnings Per Share (Rs) | 0.2 | 3.4 |
| CEPS(Rs) | 0.57 | 3.79 |
| DPS(Rs) | 0 | 0.3 |
| Book NAV/Share(Rs) | 25.69 | 29.3 |
| Yield on Advances | 10.98 | 10.36 |
| Yield on Investments | 5.16 | 3.74 |
| Cost of Liabilities | 4.7 | 4.28 |
| NIM (Net Interest Margin) | 2.42 | 2.97 |
| Interest Spread | 6.28 | 6.08 |
| ROA(%) | 0.04 | 0.75 |
| ROE(%) | 0.77 | 12.38 |
| ROCE(%) | 2.1 | 14.15 |
| PER(x) | 35.12 | 3.95 |
| Price/Book(x) | 0.27 | 0.46 |
| Dividend Yield(%) | 0 | 2.05 |
| EV/Net Sales(x) | 0.74 | 1.39 |
| EV/Core EBITDA(x) | 3.9 | 6.67 |
| Interest Earned Growth(%) | 0 | 9.82 |
| Net Profit Growth | 0 | 1630.29 |
| Advances Growth | 0 | 16.35 |
| EPS Growth(%) | 0 | 1630.29 |
| Loans/Deposits(x) | 3.7 | 7.63 |
| Cash/Deposits(x) | 0.08 | 0.05 |
| Current Ratio(x) | 0.24 | 0.27 |
| Quick Ratio(x) | 3.7 | 7.63 |
| CASA % | 33.21 | 32.98 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| FII | 7.28 | 7.36 | 7.45 | 7.82 | 14.89 | 14.58 | 13.59 | 15.01 | 14.68 | 15.17 |
| DII | 16.62 | 16.53 | 16.12 | 11.64 | 6.88 | 7.65 | 7.85 | 6.59 | 7.61 | 4.62 |
| Public | 76.1 | 76.11 | 76.43 | 80.55 | 78.23 | 77.77 | 78.56 | 78.4 | 77.72 | 80.21 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| FII | 15.24 | 15.4 | 15.59 | 16.36 | 31.16 | 30.52 | 28.44 | 31.4 | 30.71 | 39.7 |
| DII | 34.78 | 34.58 | 33.74 | 24.35 | 14.4 | 16 | 16.42 | 13.8 | 15.92 | 12.08 |
| Public | 159.26 | 159.29 | 159.95 | 168.56 | 163.72 | 162.75 | 164.41 | 164.07 | 162.64 | 209.82 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 209.27 | 209.27 | 209.27 | 209.27 | 209.27 | 209.27 | 209.27 | 209.27 | 209.27 | 261.59 |
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