MarketFriction

South Indian Bank Ltd

NSE SOUTHBANK · BSE 532218 · Private Sector Bank
₹47.44 -1.66%
NSE close2026-10-01
52 week range28.71 - 50.68
Market cap₹12,760 Cr.
P/E8.45
Results 15-10 Microcap 250 Price band 20% Delivery 40.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue2,1292,1842,2752,3142,3552,3712,3732,3622,4072,5182,5592,628
Interest1,2981,3651,4001,4491,4721,5011,5051,5301,5981,6371,6441,603
Expenses7778378288938528169821,022852863754897
Financing Profit53-1847-273054-113-189-4318161128
Financing Margin %3%-1%2%-1%1%2%-5%-8%-2%1%6%5%
Other Income356452346422410409572622516486386379
Depreciation000000000000
Profit before tax409435393395440463459433472504547507
Tax %33%30%27%25%26%26%25%26%26%26%25%26%
Net Profit275305288294325342342322351374408378
EPS in Rs1.051.171.101.121.241.311.311.231.341.431.561.44
Gross NPA %4.96%4.74%4.50%4.50%4.40%4.30%3.20%3.15%2.93%2.67%1.43%1.38%
Net NPA %1.70%1.61%1.46%1.44%1.31%1.25%0.92%0.68%0.56%0.45%0.29%0.26%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue5,5575,8476,1936,8777,7647,3056,5877,2338,6139,4139,84610,112
Interest4,0484,1724,2274,8575,4464,8994,3474,2215,2815,9286,4096,482
Expenses1,4501,7252,2392,2963,1363,4673,1062,6293,2283,4403,3763,366
Financing Profit59-50-274-276-818-1,060-8663831044561263
Financing Margin %1%-1%-4%-4%-11%-15%-13%5%1%0%1%3%
Other Income5177168377261,0461,2291,0348131,5161,8132,0091,767
Depreciation6765647078838487901021150
Profit before tax51060050038015087841,1081,5291,7571,9562,031
Tax %35%35%33%35%30%29%46%30%30%26%26%
Net Profit33339233524810562457751,0701,3031,4551,511
EPS in Rs1.481.741.481.090.460.240.172.964.094.985.565.77
Dividend Payout %20%18%22%18%0%0%0%8%7%8%8%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth6%6%11%7%
Compounded Profit Growth16%88%23%14%
Stock Price CAGR10%39%25%68%
Return on Equity9%12%14%14%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital135135180181181181209209209262262262
Reserves3,4573,7114,6685,0625,1565,2965,6005,6456,4658,5659,84611,154
Deposits52,11255,72166,11772,03080,42083,03482,71189,14291,651101,920107,526123,346
Borrowing2,0322,6151,9584,0434,9036,8934,1083,2946,9943,9124,3003,927
Other Liabilities1,3801,2941,3881,3701,6191,6281,5211,7612,3782,7542,7213,067
Total Liabilities59,11663,47574,31282,68692,27997,03394,149100,052107,698117,413124,655141,756
Fixed Assets4694676186426777767557527549661,0181,043
CWIP1020383932244059124000
Investments14,08614,74419,43018,36319,08120,62520,32121,44524,64223,97721,77727,328
Other Assets44,55148,24454,22663,64272,48975,60873,03377,79682,17892,469101,860113,386
Total Assets59,11663,47574,31282,68692,27997,03394,149100,052107,698117,413124,655141,756
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity6871091,9577931,6786565,8085,165-7,2617,075-2,3533,907
Cash from Investing Activity-173-1,398-1,842-824-1,175-1,577-1,092-1,741-386-1,9864,434-5,465
Cash from Financing Activity-13716849836498288-138-9893,524-2,148157-561
Net Cash Flow377-1,121613333602-6334,5782,436-4,1232,9422,238-2,119
Free Cash Flow618341,8357041,5805755,7335,128-7,3706,901-2,5093,768
CFO/OP25%8%55%23%40%17%149%150%-153%142%-34%68%
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%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
FIIs15.00%14.68%15.17%13.44%11.47%11.46%11.96%17.58%17.91%20.94%24.21%25.39%
DIIs6.59%7.61%4.61%5.06%5.25%7.25%10.42%11.10%11.92%13.79%12.75%14.24%
Public78.40%77.70%80.20%81.49%83.26%81.29%77.61%71.31%70.16%65.25%63.03%60.36%
No. of Shareholders8,09,6648,88,39711,04,00312,08,11312,47,47112,58,79212,54,66111,97,82811,81,50511,51,96611,67,27811,43,415

Fundamentals

Market Cap₹ 12,760 Cr.
Current Price₹ 48.7
Stock P/E8.45
Book Value₹ 45.1
ROCE6.42 %
ROE13.5 %
Dividend Yield0.92 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)7%
Compounded Profit Growth (TTM)14%
Standalone figures.
Valuation
Market capRs 12,418 Cr
Enterprise valueRs 133,508 Cr
P/E (TTM)8.22x
Price to book1.09x
Price to sales1.23x
EV / EBITDA15.47x
EV / EBIT15.68x
EV / sales13.20x
Price to cash flow3.18x
Earnings yield12.17%
Dividend yield0.95%
P/E, 3-year average5.82x
P/B, 3-year average0.73x
P/E, 5-year average10.63x
P/B, 5-year average0.57x
Profitability
Operating margin (excl. other income)65.72%
Operating margin (incl. other income)86.12%
EBITDA margin85.32%
Pre-tax margin20.08%
Net profit margin14.94%
Net margin, latest quarter14.37%
ROE13.52%
ROCE6.42%
ROA1.09%
ROE, 3-year average13.70%
ROCE, 3-year average6.37%
ROA, 3-year average1.04%
ROE, 5-year average10.85%
ROCE, 5-year average5.80%
ROA, 5-year average0.78%
ROIC (approx.)4.78%
Tax rate25.61%
Other income / net worth17.60%
Growth
Sales growth (latest year)4.60%
Profit growth (latest year)11.69%
Sales CAGR, 3 years10.83%
Sales CAGR, 5 years6.15%
Profit CAGR, 3 years23.36%
Profit CAGR, 5 years88.03%
Sales growth QoQ2.67%
Profit growth QoQ-7.33%
Sales growth YoY (latest quarter)11.23%
Profit growth YoY (latest quarter)17.29%
Per share
EPS (TTM)Rs 5.77
EPS (latest year)Rs 5.56
EPS (latest quarter)Rs 1.44
EPS, 3-year averageRs 4.88
EPS, 5-year averageRs 3.71
Book value per shareRs 43.61
Sales per shareRs 38.63
Cash flow per shareRs 14.92
Free cash flow per shareRs 14.39
Dividend per share (latest year)Rs 0.45
Dividend per share, 3-year averageRs 0.38
Dividend per share, 5-year averageRs 0.36
Dividends
Dividend payout8.09%
Dividend payout, 3-year average7.82%
Dividend payout, 5-year average7.89%
Efficiency
Asset turnover0.07x
Fixed asset turnover9.44x
Leverage
Total debtRs 127,273 Cr
Cash and bankRs 6,183 Cr
Net debtRs 121,090 Cr
Debt to equity11.15x
Net debt / EBITDA14.03x
Interest coverage1.31x
Owners' fund to total sources8.05%
Debt to assets89.78%
Cash flow
Cash from Operating Activity (latest year)Rs 3,907 Cr
Cash from Investing Activity (latest year)Rs -5,465 Cr
Cash from Financing Activity (latest year)Rs -561 Cr
Net Cash Flow (latest year)Rs -2,119 Cr
Free cash flow (latest year)Rs 3,768 Cr
FCFE (approx.: FCF + change in debt)Rs 19,215 Cr
Cash from ops / profit, 5 years1.41x
Sales to cash flow2.52x
Statement figures
Net sales (TTM)Rs 10,112 Cr
Net sales (latest year)Rs 9,846 Cr
Sales (latest quarter)Rs 2,628 Cr
Operating profit excl. other income (latest year)Rs 6,471 Cr
Operating profit (latest quarter)Rs 1,731 Cr
Other income (TTM)Rs 1,767 Cr
EBITDA (TTM)Rs 8,628 Cr
PBDT (TTM)Rs 2,146 Cr
Profit before tax (TTM)Rs 2,031 Cr
Tax (latest year)Rs 501 Cr
Net profit (TTM)Rs 1,511 Cr
Net profit (latest year)Rs 1,455 Cr
Net profit (latest quarter)Rs 378 Cr
Depreciation (TTM)Rs 115 Cr
Interest (TTM)Rs 6,482 Cr
Cost of goods sold (latest year)Rs 110 Cr
Total expenditure (latest year)Rs 3,376 Cr
Total income (latest year)Rs 11,856 Cr
Share capitalRs 262 Cr
ReservesRs 11,154 Cr
Shareholders' fundsRs 11,415 Cr
Total assetsRs 141,756 Cr
Net blockRs 1,043 Cr
InvestmentsRs 27,328 Cr
Other liabilitiesRs 3,067 Cr
Shares outstanding (crore)261.76
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 8.2 is at the 29th percentile of its own 9.4-year range (median 12.2, low 4.8, high 109.4).
P/B 1.09 is at the 84th percentile (median 0.75).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSOUTHBANKNifty 50Difference
1 week-4.9%-2.8% -2.1 pts
1 month+3.3%-6.8% +10.1 pts
3 months+2.9%-7.6% +10.5 pts
6 months+38.6%+0.4% +38.2 pts
1 year+60.1%-9.9% +70.0 pts
2 years+87.9%-13.6% +101.4 pts
3 years+74.7%+14.2% +60.6 pts
5 years+365.1%+27.9% +337.2 pts
27 mutual fund schemes hold about ₹1,695 Cr. Over three months 2 bought more and 13 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Kotak Multi Cap Fund1.82%532 +6%
Bandhan Small Cap Fund1.48%506 -17%
SBI Banking & Financial Services Fund2.02%219 -3%
Kotak Multi Asset Allocation Fund0.71%108 +100%
SBI ELSS Tax Saver Fund0.24%78 -2%
Bandhan Focused Fund2.30%48 -30%
WOC Flexi Cap Fund0.48%44 -4%
Motilal Oswal Nifty Microcap 250 Index Fund1.24%31 -9%
WOC Mid Cap Fund0.36%27 -8%
WOC Multi Cap Fund0.53%22 +3%
Kotak Special Opportunities Fund1.10%19 -17%
Kotak Banking & Financial Services Fund1.07%17 -7%
Unifi Flexi Cap Fund4.45%10 -14%
WOC Special Opp Fund0.54%10 -28%
Samco Active Momentum Fund0.85%6 -37%
WOC Banking & Financial Services Fund0.62%4 -54%
ITI Banking & Financial Services Fund0.99%4 -5%
ITI Value Fund1.04%4 -4%
WOC ELSS Tax Saver Fund0.39%2 -9%
Samco Multi Cap Fund0.58%1 -5%
WOC Aggressive Hybrid Fund0.17%1 -44%
Groww Nifty Total Market Index Fund0.06%0 -5%
Angel One Nifty Total Market Index Fund0.06%0 -5%
Motilal Oswal BSE 1000 Index Fund0.06%0 -5%
Mirae Asset Nifty Total Market Index Fund0.06%0 -5%

Red flags

F-score 5 of 8
explainLow interest cover Interest cover 1.3x in 2026
lookProfit leans on other income Other income was 103% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Revenue ₹2,628 Cr +11.3% vs Jun 2025. Net profit ₹378 Cr +17.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-13Dividend - Re 0.45 Per Share
2025-08-13Dividend - Rs 0.40 Per Share
2024-08-20Annual General Meeting/Dividend - Rs 0.30 Per Share
2024-02-27Rights 1:4 @ Premium Rs 21/-
2023-08-17Annual General Meeting/Dividend - Re 0.30 Per Share
2022-07-04Annual General Meeting
2021-08-10 Annual General Meeting
2021-03-15 Extra Ordinary General Meeting
2020-09-21 Annual General Meeting
2019-07-09 Annual General Meeting/Dividend - Rs 0.25 Per Share
2018-07-03 Annual General Meeting/Dividend Re 0.40 Per Share
2017-07-03 Annual General Meeting/Dividend - 0.40 Per Share
2017-02-16 Rights 1:3 @ Premium Rs 13/- Per Share
2016-06-30 Dividend - Re 0.50/- Per Share
2015-07-07Annual General Meeting/Dividend - Re 0.60/- Per Share
2014-07-08Annual General Meeting / Dividend - Re 0.80/- Per Share
2013-06-20Annual General Meeting/Dividend Re 0.70 Per Equity Share
2012-06-20Annual General Meeting/Dividend Re 0.60 Per Share
2011-07-07Dividend-Re.0.50 Per Share
2010-09-23Face Value Split From Rs.10/- To Re.1/-0.1000
2010-07-06Dividend-Rs.4/- Per Share
2009-08-13Dividend-Rs.3/- Per Share
2008-10-16Bonus 1:40.8000
2008-08-07Agm/Dividend - 30%
2007-06-21Agm/Dividend-25%
2006-06-29Agm/Dividend-18%
DateTypeWhat it says
2026-10-01General UpdatesBusiness Updates for the Quarter ended September 30, 2026
2026-09-30Change in ManagementDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: Change in Directorate of the Bank
2026-09-30AppointmentAppointment of Mr MAHESH MURALIDHAR PAI as Managing Director & CEO of the company w.e.f. October 01, 2026.
2026-09-30CessationCessation of Mr P R Seshadri as Managing Director & CEO of the company w.e.f. September 30, 2026.
2026-09-30Director changeChange in Director(s) of the company.
2026-09-29Concall / analyst meetIntimation of the Analyst/Investor Meeting held on September 29, 2026
2026-09-26Strikes/Lockouts/DisturbanceStrikes/lockouts/disturbances
2026-09-25ESOPIntimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015- Grant of options under SIB ESOS Schem...
2026-09-24AllotmentAllotment of 202639 securities pursuant to ESOP/ESPS at its meeting held on September 24, 2026
2026-09-24Commencement of commercial pOpening of New Branch - Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-09-23Concall / analyst meetIntimation of the Analyst/Investor Meeting held on September 23, 2026
2026-09-23Commencement of commercial pOpening of New Branch - Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-09-22Concall / analyst meetIntimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Participation in the Investor Conference ...
2026-09-18AppointmentAppointment of Mr Ananth Babu as Senior General Manager of the company w.e.f. September 18, 2026.
2026-09-17Commencement of commercial pOpening of New Branch - Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-09-16Concall / analyst meetSchedule of meet
2026-09-16Commencement of commercial pOpening of New Branch - Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-09-16General UpdatesGeneral Updates
2026-09-10Strikes/Lockouts/DisturbanceStrikes/lockouts/disturbances
2026-08-31RetirementIntimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015- Change in Senior Management Personnel...
2026-08-29RetirementIntimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-08-24AllotmentIntimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Allotment of Equity Shares under SIB ...
2026-08-21CessationCessation of Mr SIVARAMAN K as Senior General Manager of the company w.e.f. September 05, 2026.
2026-08-21General UpdatesIntimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015
2026-08-20General UpdatesIntimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Trade dateShares sold short
2026-09-2816,950
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-08-20NCLTM/s Aradhya Wire And Ropes Pvt Ltd Vs M/s The South Indian Bank Ltd
2021-04-08NCLATThe South Indian Bank Ltd. VS S. Rajagopal, Liquidator & Ors.
2021-01-29NCLATThe South Indian Bank Ltd VS Gold View Vyapaar Pvt Ltd
2020-11-16NCLTM/s Aradhya Wire And Ropes Pvt Ltd Vs M/s The South Indian Bank Ltd
2020-03-02NCLATThe South Indian Bank Ltd. VS S. Rajagopal, Liquidator & Ors.
2020-01-22NCLATMM Ramachandran VS South Indian Bank Ltd & Ors.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03