SOUTH INDIAN BANK SHARE PRICE TARGET 2024, 2025, 2026 TO 2030: CAN SOUTH INDIAN BANK REACH 100 INR?

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 2024 through 2030. By meticulously dissecting market trends, financial metrics, and the bank’s strategic endeavors, we endeavor 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.

HOW TO BUY SOUTH INDIAN BANK SHARES IN INDIA?

1. Sharekhan
2. Motilal Oswal Securities
3. ICICI Direct
4. Angel Broking
5. Axis Direct
6. Zerodha
7. Kotak Securities
8. HDFC Securities
9. SBI Securities
10. Edelweiss

SOUTH INDIAN BANK SHARE PRICE TARGET: 2024 TO 2030

SOUTH INDIAN BANK SHARE PRICE TARGET 2024

When	Maximum Price	Minimum Price
June 2024	29.27	25.45
July 2024	28.98	25.20
August 2024	30.13	26.20
September 2024	31.34	27.25
October 2024	30.73	26.72
November 2024	31.65	27.52
December 2024	32.44	28.21

South Indian Bank’s share price targets for 2024 show a steady increase, with prices ranging from ₹25.20 to ₹32.44. As of June 27, 2024, the bank has a market cap of ₹7,097 Cr and a current price of ₹27.1.

The stock’s high/low is ₹36.9/₹16.4, with a P/E of 6.65, book value of ₹25.5, dividend yield of 1.10%, ROCE of 6.47%, ROE of 16.0%, and a face value of ₹1.00.

SOUTH INDIAN BANK SHARE PRICE TARGET 2025

When	Maximum Price	Minimum Price
January 2025	33.09	25.45
February 2025	33.94	26.10
March 2025	35.26	27.12
April 2025	34.57	26.59
May 2025	33.56	25.82
June 2025	35.07	26.98
July 2025	34.38	26.45
August 2025	35.45	27.27
September 2025	36.69	28.22
October 2025	37.64	28.95
November 2025	38.58	29.68
December 2025	39.55	30.42

South Indian Bank’s share price targets for 2025 indicate a gradual upward trend throughout the year. Starting in January with a range of ₹25.45 to ₹33.09, the prices steadily increase to reach ₹30.42 to ₹39.55 by December.

SOUTH INDIAN BANK SHARE PRICE TARGET 2026

When	Maximum Price	Minimum Price
January 2026	40.73	31.33
February 2026	41.78	32.14
March 2026	43.41	33.39
April 2026	42.56	32.74
May 2026	41.32	31.78
June 2026	43.18	33.21
July 2026	42.33	32.56
August 2026	43.64	33.57
September 2026	45.17	34.74
October 2026	46.34	35.65
November 2026	47.50	36.54
December 2026	48.69	37.45

South Indian Bank’s share price targets for 2026 suggest a consistent upward trend, starting from ₹31.33 to ₹40.73 in January and reaching ₹37.45 to ₹48.69 by December.

SOUTH INDIAN BANK SHARE PRICE TARGET 2027

When	Maximum Price	Minimum Price
January 2027	49.66	38.20
February 2027	50.93	39.18
March 2027	52.92	40.71
April 2027	51.88	39.91
May 2027	50.37	38.75
June 2027	52.64	40.49
July 2027	51.60	39.70
August 2027	53.20	40.92
September 2027	55.06	42.36
October 2027	56.49	43.46
November 2027	57.91	44.54
December 2027	59.35	45.66

South Indian Bank’s share price targets for 2027 show a strong growth trend, starting at ₹38.20 to ₹49.66 in January and reaching ₹45.66 to ₹59.35 by December. This optimistic projection reflects increasing investor confidence and the bank’s potential for continued performance and expansion.

SOUTH INDIAN BANK SHARE PRICE TARGET 2028

When	Maximum Price	Minimum Price
January 2028	60.54	46.57
February 2028	62.09	47.76
March 2028	64.52	49.63
April 2028	63.25	48.65
May 2028	61.41	47.24
June 2028	64.17	49.36
July 2028	62.91	48.39
August 2028	64.86	49.89
September 2028	67.13	51.64
October 2028	68.87	52.98
November 2028	70.60	54.30
December 2028	72.36	55.66

SOUTH INDIAN BANK SHARE PRICE TARGET 2029

When	Maximum Price	Minimum Price
January 2029	73.81	56.78
February 2029	75.70	58.23
March 2029	78.65	60.50
April 2029	77.11	59.32
May 2029	74.87	57.59
June 2029	78.23	60.18
July 2029	76.70	59.00
August 2029	79.07	60.82
September 2029	81.84	62.95
October 2029	83.97	64.59
November 2029	86.07	66.21
December 2029	88.22	67.86

SOUTH INDIAN BANK SHARE PRICE TARGET 2030

When	Maximum Price	Minimum Price
January 2030	89.98	69.22
February 2030	92.29	70.99
March 2030	95.89	73.76
April 2030	94.01	72.31
May 2030	91.27	70.21
June 2030	95.38	73.37
July 2030	93.51	71.93
August 2030	96.40	74.15
September 2030	99.77	76.75
October 2030	102.37	78.75
November 2030	104.93	80.71
December 2030	107.55	82.73

SOUTH INDIAN BANK FINANCIAL CONDITION: LAST 5 YEARS

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Revenue	6877	7764	7305	6587	7233	8613
Interest	4857	5446	4899	4347	4221	5281
Expenses +	2296	3136	3467	3106	2629	3319
Financing Profit	-276	-818	-1060	-866	383	13
Financing Margin %	-4%	-11%	-15%	-13%	5%	0%
Other Income +	726	1046	1229	1034	813	1516
Depreciation	70	78	83	84	87	0
Profit before tax	380	150	87	84	1108	1529
Tax %	35%	30%	29%	46%	30%	30%
Net Profit +	248	105	62	45	775	1070
EPS in Rs	1.09	0.46	0.24	0.17	2.96	4.09
Dividend Payout %	18%	0%	0%	0%	8%	7%

South Indian Bank’s financial performance over the last five years shows a mixed trend. From 2019 to 2024, revenue increased from ₹6877 Cr to ₹8613 Cr, reflecting a steady growth trajectory. Interest income also rose from ₹4857 Cr to ₹5281 Cr. However, expenses fluctuated, peaking at ₹3467 Cr in 2021 and then reducing to ₹3319 Cr in 2024. The bank experienced significant financing losses from 2019 to 2022 but turned profitable in 2023 and 2024 with ₹383 Cr and ₹13 Cr, respectively. The net profit surged from ₹248 Cr in 2019 to ₹1070 Cr in 2024, boosting the EPS from ₹1.09 to ₹4.09. Despite a zero dividend payout during 2020-2022, the bank resumed payouts in 2023 and 2024

SOUTH INDIAN BANK SHARE PRICE TARGET BY Anand Rathi

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FAQs

What is the share price target for South Indian Bank by 2030?

South Indian Bank’s share price displayed growth over the years. Based on the analysis, South Indian Bank’s share price reached a maximum ₹107.55 and a minimum of ₹69.22in 2030.

What is the share price target for South Indian Bank by 2025?

The share price target for South Indian Bank by December 2025 ranges between ₹25.45 (minimum) and ₹39.55 (maximum).

Is it worthwhile to invest in South Indian Bank for the long term?

Investing in South Indian Bank for the long term could be worthwhile for investors seeking potential growth, given its projected share price targets and improving financial performance, but it’s essential to consider market conditions and risk factors.

Conclusion

South Indian Bank presents a compelling investment opportunity amidst its upward trajectory in share price targets from 2024 to 2030. Founded with a vision during the Swadeshi movement, the bank has evolved into a dynamic player, pioneering numerous banking innovations. Despite fluctuations in financial metrics, including a low interest coverage ratio and modest sales growth, the bank has shown robust profit growth and improved working capital efficiency.

With a stock trading slightly above its book value and a projected CAGR of 34.0% in profits over the last five years, South Indian Bank demonstrates the potential for long-term growth. Investors should monitor risk factors like contingent liabilities and operational metrics such as return on equity. Overall, while the bank faces challenges, its strategic initiatives and market potential make it an attractive consideration for investors looking toward the future