South Indian Bank has a customer base of more than 72 lakhs in India and is one of the trusted banks in Kerala and South India region.
South Indian Bank share price target is a scheduled bank with a long history in India dating back to the pre-independence era.
In 1957, South Indian Bank became the first private sector Bank in Kerala to get a scheduled banking license from the Reserve bank of India.
On the National Stock Exchange (NSE), South Indian Bank NSE Stock history shows an almost linear trend from 2019 to 2023.
However, in the last 9 months of trading, South Indian Bank share price has picked up a bit.
Let’s take a look at the factors that will influence South Indian Bank Share price Target 2025 and after that, as well as the South Indian Bank share Price Prediction in the coming years.
South Indian Bank Latest News
- South Indian Bank Stock Price Today: The South Indian Bank NSE stock price has been fluctuating steadily, but not by much. The stock of South Indian Bank has been struggling on the stock exchange for the past 30 days, i.e., from February 23rd to March 22nd 2024.
- In its recent stock filing on the exchange, both South Indian Bank and Federal Bank stated that the Reserve Bank of India (RBI) has asked them to discontinue the enrollment of new co-branded cards and products. The banks further stated that this regulatory order would not affect existing customers in the same category.
- South Indian Bank stock went down further in the market following the news that the board of directors of South Indian Bank approved to raise Rs 1, 151 crores through a rights issue in the 1st week of February 2024. South Indian Bank stock price hit a 52-week high on 2nd of February at Rs 36.89.
South Indian Bank Share Price Target 2024
| Month (2024) | Maximum Target | MinimumTarget |
| January | Rs – | Rs – |
| February | Rs – | Rs – |
| March | Rs 30.52 | Rs 22.00 |
| April | Rs 34.92 | Rs 25.63 |
| May | Rs 35.10 | Rs 28.10 |
| June | Rs 35.52 | Rs 22.73 |
| July | Rs 35.14 | Rs 25.02 |
| August | Rs 36.81 | Rs 28.73 |
| September | Rs 36.43 | Rs 22.06 |
| October | Rs 46.11 | Rs 24.74 |
| November | Rs 47.60 | Rs 26.90 |
| December | Rs 47.11 | Rs 29.90 |
(This prediction is based upon our understanding seeing the history of the above stock, expert advice is critical before making any investment-related commitment)
South Indian Bank Share Price Target 2025
| Month (2025) | Maximum Target | MinimumTarget |
| January | Rs 48.10 | Rs 34.03 |
| February | Rs 48.96 | Rs 31.00 |
| March | Rs 58.21 | Rs 32.58 |
| April | Rs 59.91 | Rs 30.04 |
| May | Rs 59.66 | Rs 30.80 |
| June | Rs 59.30 | Rs 32.23 |
| July | Rs 60.41 | Rs 30.06 |
| August | Rs 61.83 | Rs 33.50 |
| September | Rs 61.56 | Rs 36.75 |
| October | Rs 62.00 | Rs 35.74 |
| November | Rs 72.21 | Rs 38.92 |
| December | Rs 73.61 | Rs 49.42 |
(This prediction is based upon our understanding seeing the history of the above stock and its future prospects, an investor is advised to seek expert advice before making any investment-related commitment
South Indian Bank Share Price Target 2026 to 2030
| Year | Maximum Target | Minimum Target |
|---|---|---|
| 2026 | Rs 89.38 | Rs 45.94 |
| 2027 | Rs 116.00 | Rs 50.55 |
| 2028 | Rs 129.38 | Rs 62.30 |
| 2029 | Rs 142.08 | Rs 74.90 |
| 2030 | Rs 162.49 | Rs 87.23 |
(This prediction is based upon our understanding seeing the history of the above stock, expert advice is critical before making any investment-related commitment
SOUTHBANK: NSE Financials 2023
South Indian Bank Market Capitalisation: 7,4,94.63 Crores INR
South Indian Bank 52 Week High-Low: Rs 36.89 – Rs 12.63
| Revenue | 34.24 Billion INR |  77.04% YOY |
| Operating expense | 22.51 Billion INR | 13.95% YOY |
| Net Income | 7.75 Billion INR | 1,630.29% YOY |
| Net Profit Margin | 22.64 | 875.86% YOY |
| Earnings Per Share | 3.70 | 1,661.90% YOY |
| EBITDA | ||
| Effective Tax Rate | 30.05% | |
| Total Assets | 1.08 Trillion INR | 7.64% YOY |
| Total Liabilities | 1.01 Trillion INR | 7.25% YOY |
| Total Equity | 66.75 Billion INR | |
| Return on assets | 0.75% | |
| Return on Capital | ||
| P/E Ratio | 5.83 | |
| Dividend Yield | 0.96% |
South Indian Bank Ltd Shareholding Pattern
- Promoters: –
- FII: 14.68%
- DII: 3.08%
- Retail & Others: 77.72%
- Mutual Funds: 4.53%
South Indian Bank Ltd Competitors (Market Cap: 7,494.63 crores INR
- HDFC Bank Market Cap 1,097,715.61 Cr
- ICICI Bank Market Cap 766,006.80 Cr
- Axis Bank Market Cap 321,884.53 Cr
- IDBI Bank Market Cap 87,900.89 Cr
- Federal Bank Market Cap 36,672.19 Cr
Points to consider before investing in South Indian Bank Stock
Historically, South India Bank stock has performed well on the Stock Exchange. Since its listing on the Stock Exchange in 1999, South India Bank has earned 2400% ROI for its investors. On the other hand, the stock of South India Bank has not performed well in the last couple of months as it has failed to deliver a good return on investors’ equity.
In the financial year of 2023, South Indian Bank had a Net Profit margin of Rs 22.64 billion, which is an increase of 875% year-on-year (YoY). This indicates how well the Bank has managed to control its expenses.
South India Bank’s net income increased by Rs 7,75 billion in the fiscal year 2023, which is an unprecedented increase of Rs 7,895 billion. This shows the Bank’s ability to manage its profitability and strengthens its liquidity & liability payments factor as investors are always cautious about these factors.
The Bank’s revenue growth rate is also an indication of the Bank’s business growth and onboarding of new customer base. In FY2023, South India Bank’s revenue grew by 77%.
Also read
South Indian Bank share price target 2022
South Indian Bank share price in 2010
Conclusion
South Indian Bank’s share price has been a mystery to investors and market professionals over the years. While South Bank’s smallcap NSE stock has risen by 17% year-to-date, the Bank’s stock has gone through several ups and downs during this period. However, in the last 10 days, South Bank’s share price seems to have corrected itself and is now trading at Rs. 29.00, after hitting its 52
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