In the realm of Indian finance, South Indian Bank stands out as a prominent institution, drawing the keen attention of investors and market analysts due to its share price trajectory. As we peer into the horizon, a compelling question emerges: Could South Indian Bank achieve the significant milestone of 100 INR in the years to come? This article embarks on a journey to delve into the potential targets for South Indian Bank’s share price spanning from 2023 through 2030. By meticulously dissecting market trends, financial metrics, and the bank’s strategic endeavours, we endeavour to illuminate the prospects that lie ahead for South Indian Bank’s share price both in the short term and the distant future.
ABOUT SOUTH INDIAN BANK
Founded during the Swadeshi movement, South Indian Bank emerged as an embodiment of a collective vision by forward-thinking individuals in Thrissur, South India.
Its inception aimed to provide a secure savings repository and liberate the business community from exploitative money lenders. Over time, the bank achieved significant milestones, becoming the first private sector bank in Kerala to attain scheduled bank status in 1946 and pioneering the opening of a Currency Chest on behalf of RBI in 1992.
Additionally, the South Indian Bank led the way in introducing various industry-firsts, including NRI branches, Industrial Finance branches, and overseas branches dedicated to trade activities.
The bank’s commitment to innovation was evident through its pioneering in-house automation software and its role as the first Kerala-based bank to implement the Core Banking System, reinforcing its position as a dynamic, service-oriented financial intermediary.
South Indian Bank Q2 FY 2023-24 Highlights
- Net Profit Growth: South Indian Bank reported a robust net profit of Rs. 275 Crore for Q2 FY 2023-24, reflecting a substantial growth of 23.2% compared to the same period in the previous fiscal year (Rs. 223 Crore in Q2 FY 2022-23).
- Operating Profit Increase: The operating profit for the quarter witnessed an 8.2% increase, rising from Rs. 426 Crore in Q2 FY 23 to Rs. 460 Crore in Q2 FY 24.
- Asset Quality Improvement: Gross Non-Performing Assets (GNPA) reduced by 71 basis points (bps) from 5.67% to 4.96% on a Year-on-Year (Y-o-Y) basis. Net Non-Performing Assets (NNPA) also saw a decline by 81 bps from 2.51% to 1.70% Y-o-Y.
- Financial Margins: Net interest income experienced a substantial growth of 14.3%, increasing from Rs. 726 Crore to Rs. 830 Crore on a Y-o-Y basis. Net Interest Margin (NIM) improved by 35 bps, reaching 3.33% from 2.98% in the previous year.
- Return on Equity and Assets: Return on Equity (ROE) improved by 262 bps, rising from 10.81% to 13.43% on a Y-o-Y basis. Return on Assets (ROA) also increased by 20 bps from 0.65% to 0.85% Y-o-Y.
- NPA Recovery and Upgradation: Recovery and upgradation in Non-Performing Asset (NPA) accounts increased significantly from Rs. 374 Crore in Q2 FY23 to Rs. 475 Crore in Q2 FY24.
- Deposit Growth: Retail deposits grew by Rs. 6,337 Crore, reaching Rs. 93,448 Crore, showing a 7.3% increase on a Y-o-Y basis. NRI deposits increased by Rs. 1,285 Crore, reaching Rs. 28,785 Crore, a 4.7% increase on Y-o-Y. CASA grew by 1.8%, with growth in Savings Bank and Certificate of Deposit (CD).
- Advances Growth: Gross advances grew by Rs. 6,984 Crore, reaching Rs. 74,947 Crore, showing a significant increase of 10.3% on a Y-o-Y basis. The Corporate Segment witnessed a substantial growth of 33.2% (Rs. 6,859 Crore). Share of A and above rated accounts in large corporate segments stood at 96.1%.
- Segment-wise Loan Growth: Personal Loan book grew by Rs. 684 Crore, reaching Rs. 2,107 Crore, a 48.1% increase on Y-o-Y. Gold Loan portfolio increased by Rs. 2,087 Crore, reaching Rs. 14,998 Crore, a 16.2% increase on Y-o-Y.
- Credit Cards: The bank issued more than 3,32,000+ credit cards with an outstanding book of Rs. 1,164 Crore as of September 2023.
HOW TO BUY SOUTH INDIAN BANK SHARES IN INDIA?
- Sharekhan
- Motilal Oswal Securities
- ICICI Direct
- Angel Broking
- Axis Direct
- Zerodha
- Kotak Securities
- HDFC Securities
- SBI Securities
- Edelweiss
SOUTH INDIAN BANK SHARE PRICE TARGET: 2023 TO 2025
SOUTH INDIAN BANK SHARE PRICE TARGET FOR 2023
| When | Maximum Price | Minimum Price |
| November 2023 | ₹27.43 | ₹23.85 |
| December 2023 | ₹28.34 | ₹24.64 |
As of November 2023, South Indian Bank’s share price target indicates a projected range between ₹23.85 and ₹27.43. The forecast for December 2023 suggests a fluctuation between ₹24.64 and ₹28.34.
The current market capitalization for the bank stands at ₹5,322 Cr., while the existing share price is ₹25.4. Investors are closely watching these price targets as they provide insights into potential market movements. The projections serve as valuable benchmarks for shareholders and analysts, guiding them in making informed decisions based on the anticipated performance of South Indian Bank in the coming months.
SOUTH INDIAN BANK SHARE PRICE TARGET FOR 2024
| When | Maximum Price | Minimum Price |
| January 2024 | ₹28.92 | ₹25.14 |
| February 2024 | ₹29.51 | ₹25.66 |
| March 2024 | ₹30.11 | ₹26.18 |
| April 2024 | ₹29.23 | ₹25.42 |
| May 2024 | ₹28.80 | ₹25.04 |
| June 2024 | ₹29.84 | ₹25.94 |
| July 2024 | ₹29.54 | ₹25.68 |
| August 2024 | ₹30.72 | ₹26.71 |
| September 2024 | ₹31.95 | ₹27.78 |
| October 2024 | ₹31.32 | ₹27.24 |
| November 2024 | ₹32.26 | ₹28.05 |
| December 2024 | ₹33.07 | ₹28.75 |
Anticipating the performance of South Indian Bank’s shares in 2024, the projected share price targets exhibit a positive trajectory. In January 2024, the estimated range is between ₹25.14 and ₹28.92, with subsequent months reflecting a gradual increase.
By December 2024, the share price is expected to reach a maximum of ₹33.07 and a minimum of ₹28.75. These forecasts provide investors with insights into potential market trends and serve as valuable benchmarks for decision-making.
SOUTH INDIAN BANK SHARE PRICE TARGET FOR 2025
| When | Maximum Price | Minimum Price |
| January 2025 | ₹33.73 | ₹25.95 |
| February 2025 | ₹34.59 | ₹26.61 |
| March 2025 | ₹35.94 | ₹27.65 |
| April 2025 | ₹35.24 | ₹27.11 |
| May 2025 | ₹34.21 | ₹26.32 |
| June 2025 | ₹35.75 | ₹27.50 |
| July 2025 | ₹35.05 | ₹26.96 |
| August 2025 | ₹36.13 | ₹27.80 |
| September 2025 | ₹37.40 | ₹28.77 |
| October 2025 | ₹38.37 | ₹29.52 |
| November 2025 | ₹39.33 | ₹30.25 |
| December 2025 | ₹40.31 | ₹31.01 |
South Indian Bank’s shares are poised for an upward trend in 2025, as indicated by the projected price targets. Starting in January with an anticipated range of ₹25.95 to ₹33.73, the share prices are expected to show a consistent increase throughout the year.
By December 2025, the maximum price target is estimated at ₹40.31, with a minimum of ₹31.01. These forecasts reflect a positive market sentiment, suggesting potential growth in the bank’s stock. Investors will closely monitor these projections for strategic insights to guide their decision-making.
SOUTH INDIAN BANK SHARE PRICE TARGET: 2026 – 2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹42.33 | ₹29.63 |
| 2027 | ₹46.56 | ₹32.59 |
| 2028 | ₹65.19 | ₹32.59 |
| 2029 | ₹56.44 | ₹28.22 |
| 2030 | ₹73.37 | ₹51.36 |
The future trajectory for South Indian Bank’s shares from 2026 to 2030 suggests a promising outlook. Starting in 2026, the projected range is between ₹29.63 and ₹42.33, indicating a potential upward trend. Subsequent years show a progressive increase, with 2027 forecasting a range of ₹32.59 to ₹46.56.
The year 2028 anticipates a wider range between ₹32.59 and ₹65.19, reflecting substantial growth. In 2029, the projected range is ₹28.22 to ₹56.44, while 2030 indicates a maximum of ₹73.37 and a minimum of ₹51.36. These forecasts provide investors with an overview of the expected performance, guiding strategic decisions in the long-term investment landscape.
SOUTH INDIAN BANK FINANCIAL CONDITION (LAST 5 YEARS)
| Year | 2019 | 2020 | 2021 | 2022 | 2023 |
| Revenue | 6,877 | 7,764 | 7,305 | 6,587 | 7,233 |
| Interest | 4,857 | 5,446 | 4,899 | 4,347 | 4,221 |
| Expenses + | 2,296 | 3,136 | 3,467 | 3,106 | 2,629 |
| Financing Profit | -276 | -1,060 | -866 | 383 | 295 |
| Financing Margin % | -4% | -15% | -13% | 5% | 4% |
| Other Income + | 726 | 1,046 | 1,229 | 813 | 928 |
| Depreciation | 70 | 78 | 83 | 87 | 87 |
| Profit before tax | 380 | 87 | 84 | 1,108 | 1,223 |
| Tax % | 35% | 29% | 46% | 30% | 30% |
| Net Profit + | 248 | 62 | 45 | 775 | 862 |
| EPS in Rs | 1.37 | 0.3 | 0.21 | 3.7 | 4.13 |
| Dividend Payout % | 18% | 0% | 0% | 8% | 8% |
Over the last five years, South Indian Bank’s financial performance showcased a mix of challenges and resilience. While its revenue experienced fluctuations, it managed to achieve a noteworthy growth trend, culminating in ₹7,233 crore in 2023 from an initial ₹6,877 crore in 2019. Despite a variable interest income, the bank consistently optimized its expenses, showcasing prudent financial management. The financing profit rebounded from negative figures in 2019 and 2020, reflecting strategic adjustments that led to positive results.
Notably, the financing margin percentage demonstrated an overall positive shift from -4% to 4% during this period, indicating improved financial efficiency. The bank’s diverse revenue streams, including other income, contributed to its stability, as evident from the increase from ₹726 crore in 2019 to ₹928 crore in 2023. Depreciation remained relatively stable, while profit before tax experienced a remarkable surge from ₹380 crore in 2019 to ₹1,223 crore in 2023, indicating a significant growth in operational performance.
Though tax percentages fluctuated, South Indian Bank’s net profit exhibited remarkable growth, reaching ₹862 crore in 2023 from ₹248 crore in 2019. This growth was further emphasized by the rise in earnings per share (EPS) from ₹1.37 to ₹4.13 during the same period. The bank’s commitment to shareholders is evident through its dividend payout percentage, which, despite fluctuations, remained consistent and peaked at 8%. Overall, South Indian Bank’s financial journey over the last five years underscores its ability to adapt, overcome challenges, and achieve growth in a dynamic economic landscape.
SOUTH INDIAN BANK SHARE PRICE TARGET BY ICICI Securities
According to ICICI Securities’ research report dated October 22, 2023, the firm holds an optimistic stance on South Indian Bank, issuing a buy rating for the stock and assigning a target price of Rs 31.
Also read:
- Rainbow Children’s Medicare Share Price Target 2023, 2024, 2025: 2532 INR by 2030!
- 5PAISA CAPITAL SHARE PRICE TARGET 2023, 2024, 2025 TO 2030
- Paytm (One97) Share Price Target 2023, 2024, 2025 to 2030: Should you buy PAYTM?
FAQs
South Indian Bank’s share price displayed growth over the years. Based on the analysis, South Indian Bank’s share price reached a maximum ₹73.37 and a minimum of ₹51.36 in 2030.
The share price target for South Indian Bank by December 2025 ranges between ₹31.01 (minimum) and ₹40.31 (maximum).
Is it worthwhile to invest in South Indian Bank for the long term?
South Indian Bank’s share price data reveals a mix of shift and growth over the years. While the bank faced periods of volatility, it also experienced significant value appreciation, particularly in later years. For long-term investors, South Indian Bank’s potential to rebound from setbacks and demonstrate upward momentum suggests that it could be a worthwhile investment opportunity. However, it’s crucial to consider other factors such as the bank’s financial health, market conditions, and industry trends before making an investment decision.
Will the South Indian Bank stock grow?
As per our analysis, the bank showcases instances of both price shifts and substantial growth in South Indian Bank’s stock. The bank’s ability to rebound from price dips and achieve higher values in subsequent years suggests a growth-oriented trajectory. However, future growth will depend on various factors, including the bank’s strategic initiatives, economic conditions, and overall market sentiment.
Will it reach ₹100 INR by 2025?
The analysis available does not indicate that South Indian Bank’s share price will reach ₹100 INR by 2025. However, there’s a possibility of reaching ₹100 INR by the year 2029 or 2030. While the share price exhibited growth trends, reaching ₹100 INR would require a significant acceleration in value appreciation within a relatively short period. Investors should consider the historical data, market conditions, and the bank’s performance to form a realistic assessment of whether this target is achievable within the specified timeframe.
CONCLUSION
The journey of South Indian Bank’s share price from 2023 to 2030 paints an intriguing picture of growth and volatility. Commencing with modest gains in 2023, the share price exhibited a rollercoaster trajectory through 2024 and 2025, marked by alternating periods of growth and consolidation. These fluctuations, however, were precursors to a transformative phase, beginning in 2026, where the share price consistently exhibited an upward trend. Remarkable spikes in subsequent years – 2028 and 2029, particularly – showcased the bank’s potential to capture market sentiment and drive substantial value appreciation. By 2030, the share price hovered around ₹134.74, leaving a promising trail of growth.
This data-driven analysis prompts the question: Can South Indian Bank reach ₹100 INR? While past trends don’t guarantee future outcomes, the bank’s gradual progression towards higher values, coupled with significant gains in later years, indicates a favourable trajectory. However, it’s essential to consider external factors, market dynamics, and the bank’s strategic initiatives that will play a crucial role in determining whether the bank can achieve the ₹100 INR milestone.
What did we learn?
