Arthneeti

South Indian Bank Q2 FY27 Share Price & Earnings Call Analysis

Part of: Nifty Microcap 250 · Nifty Total Market

₹61.86+0.88% today
Market cap
₹16,209 Cr
P/E
10.22
ROE
13.51%
PEG
0.43
Price to sales
1.54
Debt to equity
11.67
52W high / low
₹61.9 / ₹33.6
Sales growth (5Y)
6.15%
EBITDA margin
66.44%
Net profit margin
14.77%
Sales (last year)
₹10,501 Cr

Established in 1929, South Indian Bank was the first ‘scheduled bank’ amongst the private banks in Kerala. It has strong presence in south India and particularly in Kerala. South Indian Bank provides retail and corporate banking, para banking activities such as debit card, third party financial product distribution, in addition to Treasury and Foreign Exchange Business.[1]

Guidance scorecard · Q2 FY27 call

What South Indian Bank's management guided
and where it ranks in Banks

#23of 28 in
Banks
Revenue10–20%MarginsFlatCapexPlannedFundraisingNone plannedOrder bookWhat management said

RevenueQ2 FY27 call

10–20%
  • South Indian Bank targets loan and deposit growth of 15-16% for FY27, aiming for the higher end of this range.
  • Retail loan growth is expected to outpace corporate loan growth to shift the mix towards 65% retail (RAM segment) and 35% corporate.
  • Gold loan portfolio growth is a priority, aiming to increase its share from current 25% to approximately 30-35%. Both retail and agri gold loans contribute, with 60% retail share.
  • MSME segment is seen as a significant growth opportunity going forward, with confidence in tapping this market through specialized verticals.

2 more points from South Indian Bank's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

See what South Indian Bank said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • The bank plans to invest for growth, including branch expansion and increased hiring.
  • Around 11 new branches were opened in the last two quarters.
  • Technology investments will continue but focus on refinement and next-gen banking tech rather than major overhauls.
  • There will be ongoing process improvements, including AI integration for efficiencies.
  • Operating expenses (opex) are expected to increase but at a lower rate than loan growth.
  • The bank aims to keep operating profits higher than incremental opex.

2 more points from South Indian Bank's call on capex

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Full Q2 FY27 analysis

FundraisingQ2 FY27 call

None planned

See what South Indian Bank said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Ask what South Indian Bank said on the order book →

Full Q2 FY27 analysis
Full Banks ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Banks
on management's own guidance

  1. Canara BankGood growth
    2
  2. Capital SmallGood growth
    1
  3. AU Small FinanceGood growth
    3
See all potential multibaggersWhere does South Indian Bank rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Banks companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Capital Small20–40%Up 0–2%₹1,248 Cr7.7
2Canara Bank20–40%Flat₹1.12L Cr5.5
3AU Small Finance20–40%Flat₹69,983 Cr22.2
420–40%Flat₹58,580 Cr49.7
520–40%Flat₹30,070 Cr10.1
620–40%Flat₹13,111 Cr8.3

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Pro shows every company guiding 40%+ revenue growth →Full Banks ranking

South Indian Bank announcements

All announcements →

Financials of South Indian Bank

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

South Indian Bank

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
FIIs +14.68%15.17%13.44%11.47%11.46%11.96%17.58%17.91%20.94%24.21%25.39%25.57%
DIIs +7.61%4.61%5.06%5.25%7.25%10.42%11.10%11.92%13.79%12.75%14.24%16.78%
Public +77.70%80.20%81.49%83.26%81.29%77.61%71.31%70.16%65.25%63.03%60.36%57.65%
No. of Shareholders8,88,39711,04,00312,08,11312,47,47112,58,79212,54,66111,97,82811,81,50511,51,96611,67,27811,43,41511,24,648

Financials of South Indian Bank

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +2,1292,1842,2752,3142,3552,3712,3732,3622,4072,5182,5592,6282,796
YoY Revenue growth+22%+15%+15%+14%+11%+9%+4%+2%+2%+6%+8%+11%+16%
Interest1,2981,3651,4001,4491,4721,5011,5051,5301,5981,6371,6441,6031,680
Expenses +7778378288938528169821,0228528637548971,011
Financing Profit53-1847-273054-113-189-4318161128105
Financing Margin %3%-1%2%-1%1%2%-5%-8%-2%1%6%5%4%
Other Income +356452346422410409572622516486386379468
Depreciation0000000000000
Profit before tax409435393395440463459433472504547507573
Tax %33%30%27%25%26%26%25%26%26%26%25%26%26%
Net Profit +275305288294325342342322351374408378426
EPS in Rs1.211.341.101.121.241.311.311.231.341.431.561.441.63
Gross NPA %4.96%4.74%4.50%4.50%4.40%4.30%3.20%3.15%2.93%2.67%1.43%1.38%1.24%
Net NPA %1.70%1.61%1.46%1.44%1.31%1.25%0.92%0.68%0.56%0.45%0.29%0.26%0.09%

Financials of South Indian Bank

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +5,2865,5575,8476,1936,8777,7647,3056,5877,2338,6139,4139,84610,501
Revenue growth+5%+5%+5%+6%+11%+13%-6%-10%+10%+19%+9%+5%+10%
Interest3,9204,0484,1724,2274,8575,4464,8994,3474,2215,2815,9286,4096,564
Expenses +1,3961,4501,7252,2392,2963,1363,4673,1062,6293,2283,4403,3763,524
Financing Profit-3059-50-274-276-818-1,060-8663831044561412
Financing Margin %-1%1%-1%-4%-4%-11%-15%-13%5%1%0%1%4%
Other Income +4975177168377261,0461,2291,0348131,5161,8132,0091,720
Depreciation-16765647078838487901021150
Profit before tax46851060050038015087841,1081,5291,7571,9562,132
Tax %34%35%35%33%35%30%29%46%30%30%26%26%
Net Profit +30733339233524810562457751,0701,3031,4551,586
EPS in Rs1.892.052.001.701.260.530.270.203.404.094.985.566.06
Dividend Payout %26%20%18%22%18%0%0%0%8%7%8%8%

Financials of South Indian Bank

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital135135180181181181209209209262262262262
Reserves3,4573,7114,6685,0625,1565,2965,6005,6456,4658,5659,84611,15411,814
Deposits52,11255,72166,11772,03080,42083,03482,71189,14291,651101,920107,526123,346137,279
Borrowing2,0322,6151,9584,0434,9036,8934,1083,2946,9943,9124,3003,9273,681
Other Liabilities +1,3801,2941,3881,3701,6191,6281,5211,7612,3782,7542,7213,0673,152
Total Liabilities59,11663,47574,31282,68692,27997,03394,149100,052107,698117,413124,655141,756156,188
Fixed Assets +4694676186426777767557527549661,0181,0431,040
CWIP10203839322440591240000
Investments14,08614,74419,43018,36319,08120,62520,32121,44524,64223,97721,77727,32827,709
Other Assets +44,55148,24454,22663,64272,48975,60873,03377,79682,17892,469101,860113,386127,439
Total Assets59,11663,47574,31282,68692,27997,03394,149100,052107,698117,413124,655141,756156,188

Financials of South Indian Bank

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +6871091,9577931,6786565,8085,165-7,2617,075-2,3533,907
Cash from Investing Activity +-173-1,398-1,842-824-1,175-1,577-1,092-1,741-386-1,9864,434-5,465
Cash from Financing Activity +-13716849836498288-138-9893,524-2,148157-561
Net Cash Flow377-1,121613333602-6334,5782,436-4,1232,9422,238-2,119
Free Cash Flow618341,8357041,5805755,7335,128-7,3706,901-2,5093,768

Financials of South Indian Bank

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %9%9%9%7%5%2%1%1%12%14%14%14%

Guidance history

How South Indian Bank's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →10–20%FlatPlannedNone planned—
Q1 FY27 call →10–20%FlatPlanned——
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →10–20%Flat———

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

90out of 100

Momentum score · price trend

90 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,937 stocks
Last 12 months+61.5%87%
Last 6 months+59.3%91%
Last 3 months+35.2%95%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,937 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For South Indian Bank: 0.4 × 87 + 0.4 × 91 + 0.2 × 95 = 90.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 13 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What South Indian Bank's management said in earlier quarters

Earlier calls (8)

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