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Swing Capital

South Indian Bank Ltd

NSE: SOUTHBANK BSE: 532218Banking

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.[1]

₹38.3
52W: ₹27.7 — ₹46.8
PE 6.94 · Book ₹43.6 · -12% vs book
Market Cap₹10,015 Cr
Stock P/E6.94Price to Earnings
ROCE6.42%Return on Capital
ROE13.5%Return on Equity
Div. Yield1.05%Face Value ₹1

Strengths

  • +Stock is trading at 0.87 times its book value
  • +Company has delivered good profit growth of 88.1% CAGR over last 5 years

Weaknesses

  • −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.19,546 Cr.
  • −Company might be capitalizing the interest cost

Shareholding Pattern

Promoters0%
FIIs24.21%
DIIs12.75%
Public63.03%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters0%0%0%0%0%0%0%0%
FIIs13.44%11.47%▼2.011.46%▼0.011.96%▲0.517.58%▲5.617.91%▲0.320.94%▲3.024.21%▲3.3
DIIs5.06%5.25%▲0.27.25%▲2.010.42%▲3.211.1%▲0.711.92%▲0.813.79%▲1.912.75%▼1.0
Public81.49%83.26%▲1.881.29%▼2.077.61%▼3.771.31%▼6.370.16%▼1.265.25%▼4.963.03%▼2.2

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales0000000000
Expenses8378288938528169821,022852863754
Operating Profit0000000000
OPM %0%0%0%0%0%0%0%0%0%0%
Net Profit305288294325342342322351374408
EPS ₹1.171.11.121.241.311.311.231.341.431.56

AI Insights

Revenue Trend

Mar 2026 revenue at ₹0Cr, up 0% YoY. OPM at 0%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Institutional Flow

DIIs: 12.75% (+4.91pp change). FIIs: 24.21% (+10.62pp change). Promoters hold 0%.

Margin & Efficiency

ROCE improving from 0% (Mar 2015) to 0% (Mar 2026). Working capital days: 0.

Valuation

PE 6.94x with 6.42% ROCE. Price is -12% above book value of ₹43.6. Dividend yield: 1.05%.

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