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South Indian Bank

SOUTHBANK NSE
₹55.85 +1.89 (+3.50%)
P/E
9.68
View as Markdown
MCP
Close 4 Nov 2026 ₹55.85 +19.08 +51.9% 1Y
Start ₹36.77

Key Fundamentals

SmallcapBanksFinancial Services

Price-based figures as of · EPS basis: Standalone · TTM

EPS (TTM)
₹5.77
Book Value
₹46.09
Market Cap
—
P/E (TTM)
9.68
P/B
1.21
ROE
13.50%
Dividend Yield
0.83%
52W High
₹57.28
52W Low
₹33.38
Day Range
₹53.40 – ₹56.00
Volume
1,36,92,332
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
Debt to Equity
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › Banks › Private Bank › Private Sector Bank

South Indian Bank peer comparison
HDFC Bank
₹736.7014.16₹11,37,598 Cr1.882.48%13.60%—₹3,59,956 Cr₹83,685 Cr
ICICI Bank
₹1,424.1017.28₹10,25,874 Cr2.670.84%15.90%—₹2,06,190 Cr₹62,827 Cr
Kotak Bank
₹459.4021.29₹4,58,686 Cr2.350.14%11.40%—₹73,545 Cr₹21,472 Cr
Axis Bank
₹1,232.0012.79₹3,83,779 Cr1.670.08%13.10%—₹1,41,510 Cr₹30,038 Cr
IDBI Bank
₹79.2910.26₹83,815 Cr1.322.70%14.10%—₹30,953 Cr₹8,329 Cr
Federal Bank
₹335.2015.94₹81,875 Cr2.010.36%11.60%—₹31,552 Cr₹5,387 Cr
Indusind Bank
₹865.1550.98₹66,694 Cr1.000.18%1.36%—₹45,297 Cr₹1,322 Cr
South Indian Bank (this company)
₹55.859.68₹14,131 Cr1.210.83%13.50%—₹10,112 Cr₹1,511 Cr
Median 8 companies₹598.0515.05₹2,33,797 Cr1.780.60%13.30%—₹59,421 Cr₹14,901 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

61 Good

Data confidence 100/100

Category scores

Quality
38
Weak
Returns, margins, earnings quality 22% weight
Valuation
61
Good
Cheap vs sector & own history 24% weight
Growth
55
Good
Sales & profit trajectory 9% weight
Financial Health
49
Average
Solvency, leverage, coverage 9% weight
Momentum
94
Strong
Trend strength, vol-adjusted 12% weight
Ownership
69
Strong
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Stock is trading at 1.08 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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish1513
OscillatorsBullish153
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
63.79
Neutral
MACD (12,26,9)
1.95
Bullish
SMA (50)
48.98
Bullish
SMA (200)
43.91
Bullish

As of

Analyst Rating

Based on 7 analysts
BUY86%

6 of 7 analysts rate Buy, 1 Hold, 0 Sell.

As of

BUY
6
86%
HOLD
1
14%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+5.89%
5Y+6.15%
3Y+10.83%
1Y+4.60%
TTM+6.88%

Net profit

Net profit growth by window
10Y+15.89%
5Y+87.97%
3Y+23.36%
1Y+11.67%
TTM+13.52%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹5,847 Cr
Mar 2018₹6,193 Cr
Mar 2019₹6,877 Cr
Mar 2020₹7,764 Cr
Mar 2021₹7,305 Cr
Mar 2022₹6,587 Cr
Mar 2023₹7,233 Cr
Mar 2024₹8,613 Cr
Mar 2025₹9,413 Cr
Mar 2026₹9,846 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹392 Cr
Mar 2018₹335 Cr
Mar 2019₹248 Cr
Mar 2020₹105 Cr
Mar 2021₹62.00 Cr
Mar 2022₹45.00 Cr
Mar 2023₹775 Cr
Mar 2024₹1,070 Cr
Mar 2025₹1,303 Cr
Mar 2026₹1,455 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EPS
₹6.65 +19.6% vs FY26
Reported High Mean Low

AI News Digest

9h ago

TL;DR: A quiet week for South Indian Bank with no material positive or negative catalysts. The MCLR hike to 9.50% on the one-year tenor may support margins, while the senior management reshuffle suggests the bank is actively refining its organizational structure. No earnings surprises or asset-quality flags surfaced. Near-term direction will likely hinge on Q2FY27 result details and broader banking-sector trends.

Neutral 4
  • MCLR hiked across tenors Oct 17

    South Indian Bank revised MCLR rates effective October 20, 2026, with the one-year MCLR set at 9.50%. Higher lending rates could support net interest margins but may dampen credit demand.

  • Senior management reshuffled Oct 15

    Board approved senior management designation changes effective October–November 2026. Anto George T has been appointed Chief Business Officer, signaling structural reorganization.

  • Q2FY27 earnings call released Oct 16

    Audio recording of the investor conference call held on October 16, 2026, was made available following regulatory disclosures. No new financial data beyond what was already filed.

Quarterly Results

₹ Cr
SOUTHBANK quarterly results, ₹ crore
Particulars 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 (₹)
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%

Profit & Loss

₹ Cr
SOUTHBANK profit and loss, annual, ₹ crore
Particulars 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 (₹)
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%
—

Balance Sheet

₹ Cr
SOUTHBANK balance sheet, annual, ₹ crore
Particulars 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

Cash Flow

₹ Cr
SOUTHBANK cash flow, annual, ₹ crore
Particulars 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

Ratios

SOUTHBANK financial ratios, annual
Particulars 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%

Insights

Beta

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

Log in to view South Indian Bank insights

85 extracted metrics across FY06–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 44.78%
  • FIIs 25.57%
  • DIIs 16.78%
  • Others 12.87%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about South Indian Bank

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.
Where is South Indian Bank Ltd (SOUTHBANK) listed?
South Indian Bank Ltd trades as SOUTHBANK on the NSE and under code 532218 on the BSE.
Which sector does South Indian Bank Ltd belong to?
South Indian Bank Ltd is classified under the Banks sector, in the Private Bank industry.
What is the PE ratio of South Indian Bank Ltd?
South Indian Bank Ltd trades at a PE ratio of 9.68 as of 4 Nov 2026, on earnings per share of ₹5.77, against a book value of ₹46.09 per share.
What is the 52-week high and low of South Indian Bank Ltd?
Over the last 52 weeks South Indian Bank Ltd has traded between ₹33.38 and ₹57.28 as of 4 Nov 2026.
Does South Indian Bank Ltd pay dividends?
South Indian Bank Ltd has a dividend yield of 0.83%.
What is the Return on Equity (ROE) of South Indian Bank Ltd?
South Indian Bank Ltd reported a return on equity of 13.50%.

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.

Website southindianbank.com
Listed 8 Dec 1998
Face Value ₹1

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