South Indian Bank Ltd

About South Indian Bank Ltd

South Indian Bank Ltd. is an old-generation private sector bank in India, offering a comprehensive suite of banking and financial products. It serves retail, corporate, and SME clients across India, with a strong presence in South India, focusing on traditional banking coupled with digital innovation and customer-centric services.

Key Financial Ratios

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. South Indian Bank Ltd's P/E ratio (TTM) is 8.21, compared to the industry median of 12.00 and large cap median of 10.01.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. South Indian Bank Ltd's P/B ratio is 1.05, compared to the industry median of 1.22 and large cap median of 1.06.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. South Indian Bank Ltd's P/S ratio is 1.07, compared to the industry median of 1.65 and large cap median of 1.29.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. South Indian Bank Ltd's PEG ratio is 0.53.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. South Indian Bank Ltd's EV/EBITDA ratio is 0.98.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. South Indian Bank Ltd's ROE is 12.77%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. South Indian Bank Ltd's ROA is -0.04%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. South Indian Bank Ltd's ROCE is 73.35%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. South Indian Bank Ltd's operating margin is -0.53%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. South Indian Bank Ltd's net margin is 14.79%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. South Indian Bank Ltd's current ratio is 36.77.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. South Indian Bank Ltd's debt-to-equity ratio is 11.50.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. South Indian Bank Ltd's interest coverage ratio is 1.31.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. South Indian Bank Ltd's DPS is ₹0.44.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. South Indian Bank Ltd's EPS is 11.65.

(Source line: "Ratios as of 13 Aug 2026, based on last traded price of ₹45.66. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 1929
• Headquarters: Thrissur, Kerala
• Core Offerings: Savings & Current Accounts, Term Deposits, Retail Loans, Corporate & SME Loans, Digital Banking Services
• Stock Listing: NSE (SOUTHBANK), BSE (532218)
• Promoter: Professionally Managed (No identified promoter group)

History of South Indian Bank Ltd

1929: Incorporated in Thrissur, Kerala, as a private sector bank. 1946: Became the first scheduled bank in Kerala under the RBI Act. 1994: Successfully completed its maiden public issue of shares. 2000s onwards: Focused on technology adoption, branch network expansion, and diversifying its product offerings. Present Day: Operates a widespread network of branches and ATMs across India, serving a diverse customer base.

Business Segments and Revenue Mix

• Retail Banking: Caters to individual customers with offerings like savings/current accounts, fixed/recurring deposits, personal loans, home loans, vehicle loans, and credit/debit cards. Focuses on expanding customer base and digital service adoption.
• Corporate/Wholesale Banking: Provides financial services to corporate entities, large businesses, and SMEs, including working capital finance, term loans, project finance, trade finance, and treasury products.
• Treasury Operations: Manages the bank's investment portfolio, deals in government securities, money market instruments, and foreign exchange, aiming to optimize liquidity and generate returns.

Key Personnel

P.R. Seshadri (MD & CEO): Appointed October 1, 2023, he is an accomplished banker with over 25 years of experience in retail, wholesale banking, and wealth management, having held leadership roles in various financial institutions. Dr. V. J. Joseph (Part-Time Chairman): Appointed March 2024, he is a veteran banker and former MD & CEO of Federal Bank, bringing extensive experience in banking and financial sector leadership.

Subsidiaries and Associate Companies

No major subsidiaries reported.

Corporate Actions

The Board approved a Rights Issue of up to ₹1,151 crore in early 2024 to augment its capital base and support future growth, subject to necessary approvals.

References

1. South Indian Bank Ltd. Annual Report FY2023
2. South Indian Bank Ltd. Exchange Filings (NSE/BSE)
3. South Indian Bank Ltd. Q4 FY22-23 & Q4 FY23-24 Investor Presentations
4. South Indian Bank Ltd. Corporate Announcements (NSE/BSE)