South Indian Bank Stock Price Analysis and Quick Research Report. Is South Indian Bank an attractive stock to invest in?

The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.

The banking industry is in boom with growing demand across India. But is it the right time to invest in banking stocks is the question to be asked? We can look into more details and dig a little deeper into the analysis of the stock.

South Indian Bank stock price today is Rs 30.16. Let’s look at how South Indian Bank is performing and if it is the right time to buy the stock of South Indian Bank with detailed analysis.

•  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. South Indian Bank has earned Rs 8612.8089 Cr. revenue in the latest financial year. South Indian Bank has posted Poor revenue growth of 5.64099415029877 % in last 3 Years.

• In terms of advances, South Indian Bank reported 11.8276 % YOY,  rise . If you see 3 years advance growth, it stands at 10.3724021436884 %.

• Currently, South Indian Bank has a CASA ratio of 32.0767 %. It’s overall cost of liability stands at 4.9897 %. Also, the total deposits of South Indian Bank from these accounts stood at Rs 101920.2587 Cr.

• South Indian Bank has a average ROA track record. The ROA of South Indian Bank is at 0.9507 %.

• The Lender is efficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 4.5 % and 1.46 % respectively as on the latest financial year.

• One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is positive at 29.9223564625767 % which means it has increased from the previous year.

• Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of South Indian Bank surged and is currently at Rs 1515.5156 Cr.

• South Indian Bank has a Good Capital Adequacy Ratio of 19.91 .

• The best metric which provides insights about bank’s valuation is P/B ratio. Currently South Indian Bank is trading at a P/B of 0.8117 . The historical average PB of South Indian Bank was 0.407476507653693.

• Share Price: - The current share price of South Indian Bank is Rs 30.16. One can use valuation calculators of ticker to know if South Indian Bank share price is undervalued or overvalued.