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The South Indian Bank Limited (SOUTHBANK) Fair Value & Analysis

Financial Services · IN · Market cap ₹119B

TS The South Indian Bank Limited SOUTHBANK · NSE
Price₹45.22
Fair Value₹72.28
Upside+59.8%
Quality48/100
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Healthy Growth
Highly profitable · 29.0% net margin
Low debt · generates free cash flow
0.99% dividend yield
Ranks above peers (11/14)
Wide moat 71/100
Evidence: High Range ₹54.21 – ₹90.35 Share as image

Fair value as of: Aug 13, 2026

From 6 valuation models · updated 4 days ago

Share price +1.4% over the past month.

Below-average quality, screening 60% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (₹54.21). The market is more pessimistic than our downside scenario.
  • Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

₹48.49 ₹7.12 Fair Value ₹72.28 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹7.12 – ₹48.49 · fair‑value band ₹54.21 – ₹90.35 · the ₹45.22 price screens below the ₹72.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

The South Indian Bank Limited (SOUTHBANK) currently trades at ₹45.22, while our model-based Fair Value estimate is ₹72.28, implying the stock looks roughly 59.8% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, The South Indian Bank Limited generated revenue of ₹50.3B at a net margin of 29.0%. Revenue grew 11.2% year over year. It earns a return on equity of 13.5%. The balance sheet holds a net cash position of ₹62.1B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹54.21 (bear case) to ₹90.35 (bull case); at ₹45.22, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 62% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 47% fair-value upside, at 60%, SOUTHBANK screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹41.10 ₹51.13 ₹130.96 76
Gordon GGM ₹3.67 ₹7.63 ₹12.11 70
P/E Multiple ₹54.21 ₹72.28 ₹90.35 63
All 6 models by family
Dividend Discount
Gordon GGM ₹3.67 ₹7.63 ₹12.11 70
DDM Multi-Stage ₹3.67 ₹6.44 ₹8.01 61
Multiples
P/E Multiple ₹54.21 ₹72.28 ₹90.35 63
P/B Multiple ₹45.79 ₹61.05 ₹76.31 55
Asset-Based
NCAV (Graham) ₹21.80 ₹29.22 ₹43.61 50
Economic Profit
Residual Income ₹41.10 ₹51.13 ₹130.96 76

Widest divergence: Multiples (₹61.05) versus Dividend Discount (₹6.44). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹50.3B
Revenue growth (YoY) +11.2%
Net margin 29.0%
Return on equity 13.5%
Free cash flow ₹21.7B FY2026
P/E ratio 8.1
More key figures
Operating margin 43.1%
EPS (TTM) ₹5.55
Dividend yield 1.0%
EPS growth (YoY) +18.3%
Net cash ₹62.1B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 45 · Market factors (momentum, volatility) 73

Profitability 28
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 80
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 85
Distance to the 52-week high (market factor)
Net Issuance 55
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

The South Indian Bank Limited provides various banking products and services in India. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments.

Full company description

The South Indian Bank Limited provides various banking products and services in India. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company's personal banking products and services include savings and current accounts, term deposits, and unclaimed deposits/inoperative accounts; personal, car, home, gold, educational, property, and other loans; loans against securities; one time settlement scheme for micro and small enterprises sector; wealth and mutual funds. It also offers insurance products, such as life, health, and various credit risk insurance, as well as general insurance products comprising fire, liability, marine, motor, personal accident, and travel insurance products. In addition, the company provides money transfer services; various cards; and value added services, including SIB rewardz, KYC certification of mutual fund investors, SIB e-academia, 3-in-one trading KIT, green pin, SIB feebook, branch banking, FX-retail, KYC updation, NETC FASTag, sovereign gold bonds, credit and debit cards, ATM cum shopping card, mobile and internet banking, demat, pension system, online trading, NPS lite, SIB collect, SIB travel card, PAN service agency, cash management, direct debit, tax payment and savings investments, and safe deposit locker services, as well as distributes capital gain bonds and tax free bonds. Its NRI banking services comprise NRE and NRO rupee accounts, and foreign currency deposits; e-services; remittances and payments; money transfers; and value-added services, as well as portfolio investment schemes. The company's business banking services include normal and premium accounts, SIB merchant plus, and trader smart current accounts; working capital, long term, non-fund based, supply chain, and SIB commercial vehicle loans; international finance; and merchant acquiring services. It operates through a network of branches and ATMs/CRMs. The South Indian Bank Limited was incorporated in 1929 and is headquartered in Thrissur, Indi

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

The South Indian Bank Limited reported revenue of ₹119B in FY2026 versus ₹76.3B in FY2022, a compound +11.7%/yr. Reported net income was ₹14.6B in FY2026, compounding +138.7%/yr from FY2022.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹119B
Latest YoY
+5.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.4%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.6%
Revenue +11.7%/yr
FY22 ₹76.3B
FY23 ₹81.8B
FY24 ₹101B
FY25 ₹112B
FY26 ₹119B
Net income +138.7%/yr
FY22 ₹448M
FY23 ₹7.8B
FY24 ₹10.7B
FY25 ₹13.0B
FY26 ₹14.6B
Character of growth · EPS growth decomposed (2015-2026) +9.5 % p.a.
Revenue per share +1.2 pp

of which total revenue +6.8 pp · buybacks/dilution −5.7 pp

EBIT margin +7.0 pp
Tax rate +1.2 pp
Residual (interest, one-offs) +0.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "The South Indian Bank Limited Fair Value". https://www.fairvalue-calculator.com/stock/SOUTHBANK

Peer Group

Banks - Regional · 1085 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 49 · Below median
Fair Value upside +60% · Top 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 1% · Above median
Net margin (TTM) 29% · Above median
Operating margin (TTM) 43% · Above median
Revenue growth 11% · Above median
Dividend yield (TTM) 1.0% · Bottom 25%
Debt / equity 0.38× · Higher than median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 8.1× · Cheaper than 75% of peers
P/B 1.04× · Cheaper than median
P/S (TTM) 2.37× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 2.9× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 33
FUTURE 56 · sector 44
PAST 54 · sector 41
HEALTH 81 · sector 85
DIVIDEND 20 · sector 56

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,350 IDR 4,637 IDR -27%
KB Financial Group 105560 168,100 KRW 220,258 KRW +31%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 3,110 IDR 3,792 IDR +22%
PT Bank Mandiri (Persero) Tbk BMRI 4,130 IDR 6,067 IDR +47%
Banco Bradesco S.A BBD 5,120 ARS 8,400 ARS +64%
Shinhan Financial Group 055550 103,800 KRW 146,032 KRW +41%
Hana Financial Group 086790 127,900 KRW 210,506 KRW +65%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,500 VND 45,959 VND -23%
Woori Financial Group 316140 33,000 KRW 60,758 KRW +84%

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Frequently asked questions

Is The South Indian Bank Limited (SOUTHBANK) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹72.28 versus a price of ₹45.22, about +60% (undervalued).
What is the fair value of SOUTHBANK?
Our model-based fair value for The South Indian Bank Limited is ₹72.28 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹45.22.
What is the quality score of SOUTHBANK?
The South Indian Bank Limited has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of The South Indian Bank Limited (SOUTHBANK)?
The South Indian Bank Limited reported trailing-twelve-month revenue of about ₹50.3B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SOUTHBANK?
The net profit margin of The South Indian Bank Limited is about 29.0%, meaning it keeps roughly 29.0% of revenue as net income. Based on the latest reported figures.
Does The South Indian Bank Limited pay a dividend?
The South Indian Bank Limited currently shows a dividend yield of about 0.99% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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