South Indian Bank Ltd (NSE: SOUTHBANK): South Indian Bank share: Amid market volatility, there was an enormous appetite for shares in the private sector South Indian Bank Limited on Thursday.
The shares of the bank increased by over 10 percent on Thursday. The bank’s shares increased 10.45 percent to 35.95 from the previous closing of 32.54 at BSE.
When trading ended the stock had risen 9.71 percent to close at 35.70. This bank’s stock is close to the record high of 40.16 on the 2nd of February.
The stock has risen 114.41 percent in a single year, and 334.84 percent over the past two years.
What’s The Bank’s Policy?
The bank intends to raise a total of Rs 1151 crore via the rights issue. By the terms of the agreement, the bank will offer 52.31 crore rights shares, on a paid-up basis.
The price for rights issues is set at 22 per share. This is 35 percent lower than the price that the bank had announced on Wednesday.
The rights issue is available from the 6th of March until March 20th, 2024. The official date to sell rights is set for February 27, 2024.
The shareholders of South Indian Bank will be entitled to one right share per four shares they own.
Concerning Rights Issue
The company seeks out money from its investors through rights issues. To do this the company can sell its stock at a discounted price.
The share ratio and the date for rights issues are also determined by the firm itself.
Bank Quarterly Results
South Indian Bank’s total net profit for the December quarter was the sum of 305.36 crore, an increase of 197 percent from 102.75 crore during the previous period.
The net NPA decreased by seventy-four basis points (bps) from 5.48 percent to 4.74 percent over the year.
Net NPA decreased by 65 basis points between 2.26 percent to 1.61 percent.
About South Indian Bank Ltd Company
The South Indian Bank Limited (the Bank) is a bank company. The Bank offers a range of financial and banking services including retail and corporate banking and treasury operations.
The Bank operates through the following four areas: Treasury, Retail Banking, Corporate/ Wholesale Banking, and Other Banking Operations.
The Treasury segment is comprised of the interest earned on the portfolio of investments from the company, profits or losses on investment activities & earnings from foreign exchange business.
The Wholesale and Corporate Banking segment gives loans to corporate customers.
It also provides loans to the Retail Banking segment provides loans to customers who are not corporate.
In addition, the Other Banking Operations segment includes earnings from para-banking activities like debit cards, third-party product distribution, and related expenses.
The Bank operates a network of around 942 bank branches and 175 automated ATMs (ATMs) located in India.
Fundamental Analysis of South Indian Bank Ltd
| Market Cap | ₹ 7,473 Cr. |
| Current Price | ₹ 35.65 |
| 52-wk High | ₹ 40.15 |
| 52-wk Low | ₹ 13.75 |
| Stock P/E | 6.68 |
| Book Value | ₹ 31.9 |
| Dividend | 0.84 % |
| ROCE | 5.23 % |
| ROE | 12.4 % |
| Face Value | ₹ 1.00 |
| P/B Value | 1.12 |
| OPM | 61.8 % |
| EPS | ₹ 5.33 |
| Debt | ₹ 98,645 Cr. |
| Debt to Equity | 14.8 |
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 35 | ₹ 45 |
| 2025 | ₹ 50 | ₹ 64 |
| 2026 | ₹ 76 | ₹ 96 |
| 2027 | ₹ 112 | ₹ 135 |
| 2028 | ₹ 154 | ₹ 188 |
| 2029 | ₹ 204 | ₹ 223 |
| 2030 | ₹ 235 | ₹ 265 |
| FII Holding | |
| Dec 2022 | 14.88% |
| Mar 2023 | 14.58% |
| June 2023 | 13.59% |
| Sept 2023 | 15.00% |
| Dec 2023 | 14.68% |
| DII Holding | |
| Dec 2022 | 6.87% |
| Mar 2023 | 7.64% |
| June 2023 | 7.84% |
| Sept 2023 | 6.59% |
| Dec 2023 | 7.61% |
| Public Holding | |
| Dec 2022 | 78.22% |
| Mar 2023 | 77.77% |
| June 2023 | 78.57% |
| Sept 2023 | 78.40% |
| Dec 2023 | 77.70% |
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 6,877 Cr |
| 2020 | ₹ 7,764 Cr |
| 2021 | ₹ 7,305 Cr |
| 2022 | ₹ 6,587 Cr |
| 2023 | ₹ 8,311 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 248 Cr |
| 2020 | ₹ 105 Cr |
| 2021 | ₹ 62 Cr |
| 2022 | ₹ 45 Cr |
| 2023 | ₹ 1,116 Cr |
Last 10 Years’ Profit Growth:
| 10 Years: | 4% |
| 5 Years: | 18% |
| 3 Years: | 95% |
| Current Year: | 57% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 6% |
| 5 Years: | 4% |
| 3 Years: | 5% |
| Last Year: | 12% |
Sales Growth Over 10 Years:
| 10 Years: | 5% |
| 5 Years: | 3% |
| 3 Years: | -2% |
| Current Year: | 21% |
Conclusion
This article is a complete guide about South Indian Bank Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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