The South Indian Bank Ltd.

•

southindianbank.bank.inBSE: 532218NSE: SOUTHBANK

Market Cap₹ 12,159 Cr.

Current Price

High / Low₹ 50 / 28

Stock P/E8.0

Book Value₹ 45

Price to Book0.79

Dividend Yield0.97 %

ROCE14.8 %

ROE13.5 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Other Retail Banking-Retail Banking: 37.8% • Corporate/Wholesale Banking: 29.0% • Treasury: 21.9%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 88.0% CAGR over last 5 years
Comfortable capital adequacy - CAR of 19.7%
Asset quality is healthy - gross NPA of just 1.4%
Strong provisioning - provision coverage ratio of 94.5%
Healthy loan book growth of 15.8% with stable asset quality
Operating margins have improved to 24.1% from 20.8%

CONS

A large part of profit comes from other income (102.7% of PBT)
Equity base is being diluted - shares outstanding up 25.1%
Company has delivered a poor sales growth of 6.2% over past five years
Growth is decelerating - 3Y profit CAGR (23.4%) trails the 5Y trend (88.0%)
Though reporting repeated profits, the company pays out little dividend (8.1%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesBankBank - Private

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	HDFCBANK	687.25	13.41	1059339.46	2.26	203826.90	1092.64	905753.30	936.66	12.81	35.64
2.	ICICIBANK	1390.10	17.79	997793.42	0.86	16209.74	12.62	52240.85	6.44	16.51	32.39
3.	KOTAKBANK	414.40	20.31	412230.87	0.16	5487.06	23.89	18354.57	6.41	12.05	19.05
4.	AXISBANK	1239.50	13.89	385909.17	0.08	7656.51	22.31	35541.96	9.87	11.04	63.88
5.	IDBI	81.63	9.42	87771.86	0.00	2130.57	5.27	7549.28	7.44	14.76	76.80
6.	FEDERALBNK	344.85	18.21	85260.58	0.35	1297.61	37.06	7861.58	9.94	10.98	66.11
7.	AUBANK	1061.00	43.70	79680.01	0.09	795.95	37.03	5302.74	21.11	14.17	56.24
8.	INDUSINDBK	1002.00	59.04	78069.88	0.15	1037.02	71.68	11309.94	-7.78	4.97	55.07
9.	IDFCFIRSTB	86.00	32.17	74146.70	0.29	1147.82	153.12	11051.09	14.61	5.42	38.45
10.	YESBANK	22.43	18.65	70403.95	0.00	1071.81	32.53	8054.49	5.92	8.04	58.47
11.	RBLBANK	416.80	71.90	64643.15	0.24	2342.30	993.41	38402.40	1015.97	6.49	40.95
12.	SOUTHBANK	46.42	8.05	12158.80	0.97	377.66	17.22	2627.81	11.23	14.79	65.87

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	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
Interest Expended	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
Net Interest Income	808	831	819	875	866	882	869	868	833	809	881	915	1,025
	361	356	452	346	422	410	409	572	622	516	486	386	379
Total Income	0	0	0	0	2,736	2,804	2,818	2,946	2,984	2,923	3,003	2,945	3,007
Operating Expenses	679	726	788	787	780	742	750	757	782	789	782	720	812
Operating Profit	490	460	483	434	508	550	529	683	672	536	584	581	592
Provisions & Contingencies	198	51	49	41	113	110	66	224	239	63	80	34	84
Profit before Tax	292	409	435	393	395	440	463	459	433	472	504	547	507
Tax %	30.64%	32.84%	29.79%	26.81%	25.49%	26.25%	26.13%	25.47%	25.64%	25.60%	25.72%	25.49%	25.58%
Net Profit	202	275	305	288	294	325	342	342	322	351	374	408	378
EPS	1	1	1	1	1	1	1	1	1	1	1	2	0

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0	0	0	0	0	0	0	8,613	9,413	9,846	—
Interest Expended	4,172	4,227	4,857	5,446	4,899	4,347	4,221	5,281	5,928	6,409	6,482
Net Interest Income	-4,172	-4,227	-4,857	-5,446	-4,899	-4,347	-4,221	3,332	3,486	3,437	—
	716	837	726	1,046	1,229	1,034	813	1,516	1,813	2,009	1,767
Total Income	0	0	0	0	0	0	0	10,128	11,227	11,856	11,878
	0	0	0	0	0	0	0	2,980	3,029	3,073	—
Operating Profit	-4,172	-4,227	-4,857	-5,446	-4,899	-4,347	-4,221	1,868	2,270	2,373	—
	13	304	142	318	165	-7	427	339	513	417	—
Profit before Tax	600	500	381	150	87	-92	1,246	1,529	1,757	1,956	2,031
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	-0.00%	0.00%	30.00%	25.84%	25.61%	25.60%
Net Profit	393	335	248	105	62	45	775	1,070	1,303	1,455	1,511
EPS	3	2	1	1	0	0	3	4	5	6	—

COMPOUNDED SALES GROWTH

10 Years:: 6%
5 Years:: 6%
3 Years:: 11%

COMPOUNDED PROFIT GROWTH

10 Years:: 16%
5 Years:: 88%
3 Years:: 23%

STOCK PRICE CAGR

10 Years:: 9%
5 Years:: 38%
3 Years:: 28%
1 Year:: 60%

RETURN ON EQUITY

10 Years:: 8%
5 Years:: 11%
3 Years:: 14%
Last Year:: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	180	181	181	181	209	209	209	262	262	262
	4,665	5,060	5,154	5,294	5,598	5,644	6,465	8,562	9,838	11,142
	66,117	72,030	80,420	83,034	82,711	89,142	91,651	1,01,920	1,07,526	1,23,346
	1,958	4,043	4,903	6,893	4,108	3,294	6,994	3,912	4,300	3,927
Other Liabilities & Provisions	1,388	1,370	1,619	1,628	1,521	1,761	2,378	2,754	2,721	3,067
Total Liabilities	74,312	82,686	92,279	97,033	94,149	1,00,052	1,07,698	12	1,24,655	1,41,756
ASSETS	-	-	-	-	-	-	-	-	-	-
	3,078	3,258	3,662	2,806	3,305	7,277	4,639	6,660	5,098	6,183
Balances with Banks & Money at Call	810	963	1,161	1,384	5,463	3,927	2,441	3,362	7,162	3,958
	19,430	18,363	19,081	20,625	20,321	21,445	24,642	23,977	21,777	27,328
	46,389	54,563	62,694	64,439	58,056	59,993	69,804	78,061	85,682	99,260
	618	642	677	776	755	752	754	966	1,018	1,043
	3,949	4,858	4,973	6,978	6,209	6,600	5,294	4,386	3,917	3,985
Total Assets	74,312	82,686	92,279	97,033	94,149	1,00,052	1,07,698	12	1,24,655	1,41,756

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,957	793	1,678	656	5,808	5,165	-7,261	7,075	-2,353	3,907
Cash from Investing	-1,842	-824	-1,175	-1,577	-1,092	-1,741	-386	-1,986	4,434	-5,465
Cash from Financing	498	364	98	289	-138	-989	3,524	-2,148	157	-561
	613	333	602	-633	4,578	2,436	-4,123	2,942	2,238	-2,119

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	2.18	1.85	1.37	0.58	0.30	0.21	3.70	4.09	4.98	5.56
Book Value (₹)	25.52	27.65	28.16	28.48	27.75	27.97	31.89	33.73	38.60	43.57
Dividend per Share (₹)	0.40	0.40	0.25	0.00	0.00	0.00	0.30	0.30	0.40	0.45
PROFITABILITY
Net Interest Margin %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.97%	2.91%	2.51%
ROA %	0.57%	0.43%	0.28%	0.11%	0.06%	0.05%	0.75%	0.95%	1.08%	1.09%
ROE %	9.45%	6.98%	4.90%	2.04%	1.13%	0.77%	12.37%	13.81%	13.77%	13.53%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	61.47%	57.16%	56.43%
ASSET QUALITY
Gross NPA %	0.00%	0.00%	0.00%	0.00%	0.00%	6.65%	0.00%	0.00%	0.00%	3.15%
Net NPA %	0.00%	0.00%	0.00%	0.00%	0.00%	3.85%	0.00%	0.00%	0.00%	0.68%
Provision Coverage %	0.00%	0.00%	0.00%	0.00%	0.00%	65.02%	0.00%	0.00%	81.07%	88.82%
Slippage Ratio %	—	—	—	—	—	—	—	—	—	—
BALANCE SHEET & LIQUIDITY
CASA %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	32.08%	31.37%	32.12%
Credit-Deposit Ratio %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.04%	0.03%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	19.91%	19.31%	19.66%
GROWTH & VALUATION
Net Profit Growth %	17.78%	-14.68%	-26.09%	-57.75%	-40.81%	-27.34%	1623.11%	38.06%	21.76%	11.69%
Book Value Growth %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.76%	14.45%	12.85%
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	6.67x	4.63x	6.15x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.81x	0.60x	0.79x
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.10%	1.73%	1.32%

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	13.44	11.47	11.46	11.96	17.58	17.91	20.94	24.21	25.39
	5.06	5.24	7.23	10.41	11.09	11.91	13.78	12.74	14.23
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	81.50	83.27	81.31	77.62	71.33	70.18	65.27	63.04	60.38

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Strikes/Lockouts/Disturbances

2026-09-10 - The South Indian Bank Limited has informed the Exchange about strikes/lockouts/disturbances

2026-08-31

Retirement

2026-08-31 - The South Indian Bank Limited has informed the Exchange about Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015- Change in Senior Management Personnel of the Bank

2026-08-29

Retirement

2026-08-29 - The South Indian Bank Limited has informed the Exchange about Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

2026-08-29

Copy of Newspaper Publication

2026-08-29 - The South Indian Bank Limited has informed the Exchange about Newspaper Advertisement regarding opening of Special Window for Transfer and Dematerialisation of Physical Securities.

2026-08-24

Allotment of Securities

2026-08-24 - The South Indian Bank Limited has informed the Exchange regarding Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Allotment of Equity Shares under SIB ESOS Scheme 2008

2026-08-21

Cessation

2026-08-21 - The South Indian Bank Limited has informed the Exchange regarding Cessation of Mr SIVARAMAN K as Senior General Manager of the company w.e.f. September 05, 2026.

2026-08-21

General Updates

2026-08-21 - The South Indian Bank Limited has informed the Exchange about Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015

2026-08-20

General Updates

2026-08-20 - The South Indian Bank Limited has informed the Exchange about Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015

2026-08-20

Shareholders meeting

2026-08-20 - The South Indian Bank Limited has informed the Exchange regarding Proceedings of the 98th Annual General Meeting of the Bank pursuant to Regulation 30 and 44 (3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015

News

Recent coverage and analyst commentary for SOUTHBANK

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Free 5nance Account

Name

HDFCBANK

687.25

13.41

1059339.46

2.26

203826.90

1092.64

905753.30

936.66

12.81

35.64

ICICIBANK

1390.10

17.79

997793.42

0.86

16209.74

12.62

52240.85

6.44

16.51

32.39

KOTAKBANK

414.40

20.31

412230.87

0.16

5487.06

23.89

18354.57

6.41

12.05

19.05

AXISBANK

1239.50

13.89

385909.17

0.08

7656.51

22.31

35541.96

9.87

11.04

63.88

IDBI

81.63

9.42

87771.86

0.00

2130.57

5.27

7549.28

7.44

14.76

76.80

FEDERALBNK

344.85

18.21

85260.58

0.35

1297.61

37.06

7861.58

9.94

10.98

66.11

AUBANK

1061.00

43.70

79680.01

0.09

795.95

37.03

5302.74

21.11

14.17

56.24

INDUSINDBK

1002.00

59.04

78069.88

0.15

1037.02

71.68

11309.94

-7.78

4.97

55.07

IDFCFIRSTB

86.00

32.17

74146.70

0.29

1147.82

153.12

11051.09

14.61

5.42

38.45

YESBANK

22.43

18.65

70403.95

0.00

1071.81

32.53

8054.49

5.92

8.04

58.47

RBLBANK

416.80

71.90

64643.15

0.24

2342.30

993.41

38402.40

1015.97

6.49

40.95

SOUTHBANK

46.42

8.05

12158.80

0.97

377.66

17.22

2627.81

11.23

14.79

65.87

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

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

Interest Expended

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

Net Interest Income

808

831

819

875

866

882

869

868

833

809

881

915

1,025

361

356

452

346

422

410

409

572

622

516

486

386

379

Total Income

2,736

2,804

2,818

2,946

2,984

2,923

3,003

2,945

3,007

Operating Expenses

679

726

788

787

780

742

750

757

782

789

782

720

812

Operating Profit

490

460

483

434

508

550

529

683

672

536

584

581

592

Provisions & Contingencies

198

113

110

224

239

Profit before Tax

292

409

435

393

395

440

463

459

433

472

504

547

507

Tax %

30.64%

32.84%

29.79%

26.81%

25.49%

26.25%

26.13%

25.47%

25.64%

25.60%

25.72%

25.49%

25.58%

Net Profit

202

275

305

288

294

325

342

322

351

374

408

378

EPS

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

8,613

9,413

9,846

—

Interest Expended

4,172

4,227

4,857

5,446

4,899

4,347

4,221

5,281

5,928

6,409

6,482

Net Interest Income

-4,172

-4,227

-4,857

-5,446

-4,899

-4,347

-4,221

3,332

3,486

3,437

—

716

837

726

1,046

1,229

1,034

813

1,516

1,813

2,009

1,767

Total Income

10,128

11,227

11,856

11,878

2,980

3,029

3,073

—

Operating Profit

-4,172

-4,227

-4,857

-5,446

-4,899

-4,347

-4,221

1,868

2,270

2,373

—

304

142

318

165

-7

427

339

513

417

—

Profit before Tax

600

500

381

150

-92

1,246

1,529

1,757

1,956

2,031

Tax %

0.00%

-0.00%

0.00%

30.00%

25.84%

25.61%

25.60%

Net Profit

393

335

248

105

775

1,070

1,303

1,455

1,511

EPS

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

Equity Capital

180

181

209

262

4,665

5,060

5,154

5,294

5,598

5,644

6,465

8,562

9,838

11,142

66,117

72,030

80,420

83,034

82,711

89,142

91,651

1,01,920

1,07,526

1,23,346

1,958

4,043

4,903

6,893

4,108

3,294

6,994

3,912

4,300

3,927

Other Liabilities & Provisions

1,388

1,370

1,619

1,628

1,521

1,761

2,378

2,754

2,721

3,067

Total Liabilities

74,312

82,686

92,279

97,033

94,149

1,00,052

1,07,698

1,24,655

1,41,756

ASSETS

3,078

3,258

3,662

2,806

3,305

7,277

4,639

6,660

5,098

6,183

Balances with Banks & Money at Call

810

963

1,161

1,384

5,463

3,927

2,441

3,362

7,162

3,958

19,430

18,363

19,081

20,625

20,321

21,445

24,642

23,977

21,777

27,328

46,389

54,563

62,694

64,439

58,056

59,993

69,804

78,061

85,682

99,260

618

642

677

776

755

752

754

966

1,018

1,043

3,949

4,858

4,973

6,978

6,209

6,600

5,294

4,386

3,917

3,985

Total Assets

74,312

82,686

92,279

97,033

94,149

1,00,052

1,07,698

1,24,655

1,41,756

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

1,957

793

1,678

656

5,808

5,165

-7,261

7,075

-2,353

3,907

Cash from Investing

-1,842

-824

-1,175

-1,577

-1,092

-1,741

-386

-1,986

4,434

-5,465

Cash from Financing

498

364

289

-138

-989

3,524

-2,148

157

-561

613

333

602

-633

4,578

2,436

-4,123

2,942

2,238

-2,119

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

2.18

1.85

1.37

0.58

0.30

0.21

3.70

4.09

4.98

5.56

Book Value (₹)

25.52

27.65

28.16

28.48

27.75

27.97

31.89

33.73

38.60

43.57

Dividend per Share (₹)

0.40

0.25

0.00

0.30

0.40

0.45

PROFITABILITY

Net Interest Margin %

0.00%

2.97%

2.91%

2.51%

ROA %

0.57%

0.43%

0.28%

0.11%

0.06%

0.05%

0.75%

0.95%

1.08%

1.09%

ROE %

9.45%

6.98%

4.90%

2.04%

1.13%

0.77%

12.37%

13.81%

13.77%

13.53%

0.00%

61.47%

57.16%

56.43%

ASSET QUALITY

Gross NPA %

0.00%

6.65%

0.00%

3.15%

Net NPA %

0.00%

3.85%

0.00%

0.68%

Provision Coverage %

0.00%

65.02%

0.00%

81.07%

88.82%

Slippage Ratio %

—

BALANCE SHEET & LIQUIDITY

CASA %

0.00%

32.08%

31.37%

32.12%

Credit-Deposit Ratio %

0.00%

0.04%

0.03%

0.00%

19.91%

19.31%

19.66%

GROWTH & VALUATION

Net Profit Growth %

17.78%

-14.68%

-26.09%

-57.75%

-40.81%

-27.34%

1623.11%

38.06%

21.76%

11.69%

Book Value Growth %

0.00%

5.76%

14.45%

12.85%

P/E (x)

0.00x

6.67x

4.63x

6.15x

P/B (x)

0.00x

0.81x

0.60x

0.79x

0.00%

1.10%

1.73%

1.32%

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Promoters

0.00

13.44

11.47

11.46

11.96

17.58

17.91

20.94

24.21

25.39

5.06

5.24

7.23

10.41

11.09

11.91

13.78

12.74

14.23

Government

0.00

81.50

83.27

81.31

77.62

71.33

70.18

65.27

63.04

60.38

The South Indian Bank Ltd.

AI Sector View

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Quarterly Results

Profit & Loss

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The South Indian Bank Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI