South Indian Bank Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

South Indian Bank is one of the most dependable financial institutions in Kerala and South India thanks to its more than 7 million customers. It has been a scheduled bank since the pre-independence era of India, and in 1957, it became the first privately owned bank in Kerala to receive a scheduled bank license from the RBI. The South Indian Bank Share Price Target for 2025 and beyond, as well as the South Indian Bank Share Price Prediction for the upcoming years, will be discussed in detail in this article.

South Indian Bank Share Price Target 2024-2030

Serving a client base of north of 72 lakhs client base in India, South Indian Bank is one of the most confided in Banks in Kerala and the South India district. The scheduled bank was the first private sector bank in Kerala to obtain a scheduled bank license from the Reserve Bank of India in 1957. It has a long history dating back to India’s pre-independence era. Between 2019 and 2023, the history of the Southbank NSE Stock on the National Stock Exchange reveals a trajectory that is almost flat. Be that as it may, the South Indian Bank Share Price has gotten a slight speed in its most recent nine months of exchanging.

South Indian Bank Share Price Target Today Update

South Indian Bank (SIB) is one in everything about’s most established private spot banks, with a vigorous presence inside the southern area of the USA. The monetary association has been zeroing in on developing its impression, working on its computerized capacities, and working on its monetary customary general execution. This total evaluation investigates the projected rate cost objectives for South Indian Bank from 2024 to 2030, pondering various elements that could meaningfully affect its stock typical exhibition.

South Indian Bank Latest News

• Today’s South Indian Bank Share Price has increased gradually but not significantly. The SOUTHBANK NSE stock has been a struggler on the stock trade in the beyond thirty days ie., between February 23rd and March 22nd, 2024.
• South Indian Bank and Federal Bank stated in a recent stock exchange filing that the RBI has asked them to stop enrolling in new co-branded credit cards and products.
• The two banks have explained that this administrative request will meaningfully affect existing clients in the said class.
• This news report prompted the further downslide of the South Indian Bank stock on the lookout.
• The share price of South Indian Bank reached its 52-week high on February 2 at Rs 36.89 per share following the announcement that the board had approved the company’s plan to raise Rs 1,151 crores through a rights issue in the first week of 2024.

What is South Indian Bank Ltd?

South Indian Bank Ltd., located in Kerala, India, is a huge confidential area bank recorded on the NSE as SOUTHBANK. The bank provides a wide range of banking products and services to individuals, businesses, and non-resident aliens. South Indian Bank has established a significant presence in South Indian banking through its nationwide branch and ATM network.

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South Indian Bank Share Price Overview

South Indian Bank, which was established in 1929, has a long history of serving the Indian banking sector. It offers a major style of monetary administrations, all in all with retail banking, manager banking, and depository tasks. The monetary association has an enormous presence in Kerala, Tamil Nadu, Karnataka, and Andhra Pradesh. With its solid benefactor base and different item portfolio, South Indian Bank is appropriately positioned to encounter the valuable learning experiences in the Indian financial locale.

INVESTOR TYPE & RATIOS FOR SOUTH INDIAN BANK SHARE PRICE

• Retail And Others:45%
• Foreign Institutions:44%
• Other Domestic Institutions:91%
• Mutual Funds:19%

The percent rate objectives for South Indian Bank from 2024 to 2030 mirror the monetary’s gathering skill to underwrite at the developing name for banking administrations. With its revenue on advancement, supportability, and key development, South Indian Bank is very much positioned to help wonderful achievements inside the next few years. Investors who want to benefit from the banking sector’s growth should carefully monitor South Indian Bank’s development and keep in mind the organization’s potential for long-term expansion.

Market Dynamics & Growth Drivers

The digital transformation, financial inclusion obligations, and economic restoration post-COVID-19 are just a few of the factors that are expected to have a positive impact on the Indian banking industry’s potential for significant growth. With its extensive product offering and large customer base, South Indian Bank is well-positioned to profit from these trends. The bank’s emphasis on upgrading resource extraordinary, working on computerized capacities, and fostering its customer base can be key drivers of its development before long.

South Indian Bank Business Profile

In 1929, South Indian Bank was laid out as the first ‘planned bank’ among every one of the confidential banks that work in Kerala. The bank has serious areas of strength for an in south India, especially in Kerala. Other than giving corporate banking and retail banking administrations, South Indian Bank offers para-banking exercises including charge card, outsider monetary item dispersion as well as Depository and Unfamiliar Trade Business.

Branch Network

A large portion of its branches are situated in semi-metropolitan regions (460) in the nation and has 75 lakhs individuals as its client base.

Loan Book

As per the report, 38% of the complete credit book is comprised of corporate advances, trailed by private advances at 23%, business credits at 20%, and farming advances at 19%. Personal loans make up 12%, mortgages make up 11%, vehicles make up 9%, deposit-based loans make up 8%, credit card borrowing makes up another 8%, and the remaining sectors make up 4% of all loans. Housing loans make up 29%, gold loans make up 19%, personal loans make up 12%, mortgages make up 11%, and vehicles make up 9%.

Loan Book Concentration

As of December 24, the majority of the bank’s business is in the state of Kerala; 36% of advances are approved within the state, 34% are approved outside of Kerala in the south, and 30% are approved for the rest of India. Meanwhile, the loan yield was 9.28 percent, while the cost of deposits was 5.18 percent.

• Retail Term : 64%
• Savings : 26%
• Current : ~6%
• Bulk : 4%

Rights Issue

The investors of South Indian Bank will before long have the potential chance to profit from the endorsement given last week by the board to build the worth of their resources through a rights issue where it will offer 31.25 million offers at a cost of Rs 36.89 each. On March 24, the bank distributed 5,23,18,5254 equity shares at a ratio of 1:4 at a price of Rs.22. The organization plans to quit opening any new co-marked Visa accounts with new clients powerful from March 24, until it is completely agreeable with RBI’s administrative arrangements.

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Recent Updates

In Q3FY24, the bank estimated the loss at approximately Rs and discovered a number of irregularities in a branch, one of which was fraud. 2,863 Lakhs. This amount~Rs. 2,863 Lakhs was for sure given by the bank during Q3FY24. South Indian Bank has uncovered along Government Bank in their latest recording in the stock trade that they have been told by the RBI not to set out on new co-marked Visas and items.

South Indian Bank Fundamentals & Quarterly Results

Market Cap	₹ 7,189 Cr.
Current Price	₹ 27.5
High / Low	₹ 36.9 / ₹ 14.9
Stock P/E	6.73
Book Value	₹ 25.5
Dividend Yield	1.08 %
ROCE	6.47 %
ROE	16.0 %
Face Value	₹ 1.00
Debt to equity	14.8
Debt Capacity	-8.32
Debt preceding year	₹ 98,645 Cr.
Debt	₹ 98,645 Cr.
Reserves	₹ 6,465 Cr.
EPS	₹ 4.09
EPS last year	₹ 4.09
Pledged percentage	0.00 %
FCF Prev Ann	₹ -7,370 Cr.
EVEBITDA	14.5
Industry PE	11.6
PEG Ratio	0.20
Piotroski score	5.00
Earnings yield	6.89 %

South Indian Bank Quarterly Results

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Revenue	1,635	1,622	1,740	1,898	1,973	2,025	2,129	2,184	2,275
Interest	1,038	1,018	1,014	1,073	1,116	1,217	1,298	1,365	1,400
Expenses	591	672	735	629	680	877	777	837	828
Financing Profit	6	-69	-9	196	177	-70	53	-18	47
Financing Margin (%)	0%	-4%	0%	10%	9%	-3%	3%	-1%	2%
Other Income	204	246	255	-34	345	361	356	452	346
Depreciation	0	0	0	0	0	0	0	0	0
Profit before tax	210	177	246	162	523	292	409	435	393
Tax %	-29%	35%	9%	36%	36%	31%	33%	30%	27%
Net Profit	272	115	223	103	334	202	275	305	288
EPS in Rs	1.04	0.44	0.85	0.39	1.28	0.77	1.05	1.17	1.10
Gross NPA %	5.90%	5.87%	5.67%	5.48%	5.14%	5.13%	4.96%	4.74%	4.50%
Net NPA %	2.97%	2.87%	2.51%	2.26%	1.86%	1.85%	1.70%	1.61%	1.46%

CAGR Report

	10 Years	5 Years	3 Years	TTM
Compounded Sales Growth	6%	5%	6%	19%
Compounded Profit Growth	8%	34%	159%	38%
Stock Price CAGR	3%	17%	43%	87%
Return on Equity	7%	7%	10%	16%

South Indian Bank Shareholding Pattern

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
FII Holding (%)	7.82	14.88	14.58	13.59	15.00	14.68	15.17
DII Holding (%)	11.64	6.87	7.64	7.84	6.59	7.61	4.61
Public Holding (%)	80.54	78.22	77.77	78.57	78.40	77.70	80.20
No. of Shareholders	6,97,657	6,95,022	7,09,877	7,15,015	8,09,664	8,88,397	11,04,003

South Indian Bank Share Price Target 2024-2030 Forecast

Year	Share Price Target
2024	₹35
2025	₹42
2026	₹50
2027	₹60
2028	₹70
2029	₹85
2030	₹100

South Indian Bank Share Price Target 2025

Month	Share Price Target
January	₹35
February	₹34
March	₹35
April	₹36
May	₹30
June	₹37
July	₹38
August	₹37
September	₹38
October	₹39
November	₹40
December	₹42

South Indian Bank Share Price Target 2026

Month	Share Price Target
January	₹42
February	₹42
March	₹41
April	₹43
May	₹44
June	₹44
July	₹45
August	₹44
September	₹39
October	₹43
November	₹47
December	₹50

South Indian Bank Share Price Target 2027

Month	Share Price Target
January	₹49
February	₹50
March	₹49
April	₹50
May	₹52
June	₹53
July	₹54
August	₹55
September	₹57
October	₹56
November	₹58
December	₹60

South Indian Bank Share Price Target 2028

Month	Share Price Target
January	₹59
February	₹61
March	₹60
April	₹60
May	₹62
June	₹64
July	₹63
August	₹60
September	₹65
October	₹66
November	₹68
December	₹70

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South Indian Bank Share Price Target 2029

Month	Share Price Target
January	₹75
February	₹70
March	₹54
April	₹55
May	₹59
June	₹64
July	₹63
August	₹69
September	₹75
October	₹70
November	₹74
December	₹80

South Indian Bank Share Price Target 2030

Month	Share Price Target
January	₹85
February	₹80
March	₹77
April	₹79
May	₹82
June	₹85
July	₹89
August	₹90
September	₹95
October	₹92
November	₹98
December	₹100

Points Before Investing in South Indian Bank Stock

• In the past, South India Bank has performed well on the stock exchange. Since its stock posting on the stock trade in 1999, the financial association has conveyed a 2400% profit from speculation to its investors.
• In any case, South India Bank Stock has been a struggler throughout recent months as it hasn’t outfitted an extraordinary profit from investors’ value.
• South Indian Bank’s Net revenue bounced by 875% (YOY) to 22.64 focuses demonstrating how well the financial establishment has had the option to control its expenses.
• South Indian Bank net gain in the monetary year 2023 saw an uncommon leap of 1,630% to Rs 7.75 billion (YOY). This demonstrates the South Indian bank’s capacity to deal with benefit and sets its liquidity and responsibility installments factor.
• investors are generally careful of these variables while choosing to contribute their capital on the stock trade. In addition, the South Indian Bank’s revenue experienced a historic increase of 77% year over year during the fiscal year 2023.
• The income development pace of the bank is likewise a mark of development in the Bank’s business development alongside the onboarding of another client base.

Final Words

The Share Price of South Indian Bank throughout the long term has been a puzzle for its financial backers and specialists in the securities exchange. The smallcap SOUTHBANK NSE stock is up by 17% on the stock trade year to date yet the Bank’s stock has been seeing numerous changes during this time. South Indian Bank’s Portion Cost has positively caused some harm control and is right now exchanging at Rs 29.00 in the wake of contacting its 52-week high of 36.89 on February second.