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South Indian Bank Ltd – SOUTHBANK Share Price Targets for 2024, 2025, 2030, 2035, 2040, 2045, 2050

Why Portfolio managers and SIP managers add South Indian Bank Ltd (NSE:SOUTHBANK) Share for their Portfolio?

Table of Contents

Why Should you need to buy South Indian Bank Ltd – SOUTHBANK Share Script?

SOUTHBANK is trading with high TTM EPS Growth.

South Inndian Bank going in growth tragectory.

Also, increase trend in non core income.

Company’s Core and Fundamental Values of South Indian Bank Ltd – (SOUTHBANK)

The South Indian Bank Ltd. was incorporated in the year 1928.

Its today’s share price is 31.44. Its current market capitalisation stands at Rs 8224.47 Cr.

In the latest quarter, company has reported Gross Sales of Rs. 72331.79 Cr and Total Income of Rs.80458.07 Cr.

The company’s management includes Lakshmi Ramakrishna Srinivas, P R Seshadri, Jimmy Mathew, Benny P Thomas, R A Sankara Narayanan, Paul Antony, Pradeep M Godbole, M George Korah, V J Kurian, V J Kurian.

Fundamental Analysis of SOUTHBANK

Market Cap	₹ 8,224.47 Cr
Current Price	₹ 32.33
52-wk High	₹ 36.90
52-wk Low	₹ 12.67
Stock P/E	7.37
P/B Value	0.96
Face Value	₹ 1
Dividend	0.95 %
Book Value	₹ 32.67
Revenue	₹ 3,012.08 Cr.
EPS	₹ 4.27
Sales Growth	17.25
ROE	12.37 %
ROCE	0.1415
Debt	₹ 107698
Profit Gwoth	1,623.11 %

South Indian Bank Ltd Shareholding Pattern

Promoters Holding
Dec 2023	0.00%
FII Holding
Dec 2023	14.68%
DII Holding
Dec 2023	7.61%
Public Holding
Dec 2023	77.70%
Others Holding
Dec 2023	0.00%

South Indian Bank Ltd – Last 5 Years Financial Conditions

Last 5 Years’ Sales:

2019	₹ 6,877 Cr
2020	₹ 7,764 Cr
2021	₹ 7,305 Cr
2022	₹ 6,587 Cr
2023	₹ 7,233 Cr
TTM	₹ 8,311 Cr

Last 5 Years’ Net Profit:

2019	₹ -276Cr
2020	₹ -818 Cr
2021	₹ -1,060 Cr
2022	₹ -866 Cr
2023	₹ 383 Cr
TTM	₹ 144 Cr

SOUTHBANK Share Price Target 2024 to 2050

2024	30.80
2025	36.90
2026	43.45
2027	51.95
2028	54.75
2029	61.25
2030	67.00
2035	72.20
2040	77.00
2045	81.45
2050	89.10

Fib Level Price Target for Longterm Investments

1	ALL TIME LOW	12.50
2	TARGET-01	18.60
3	TARGET-02	20.55
4	TARGET-03	21.85
5	TARGET-04	24.70
6	TARGET-05	27.60
7	TARGET-06	28.60
8	TARGET-07	30.80
9	TARGET-08	31.75
10	ALL TIME HIGH	36.90

Gann Squre of 9 Price Level for Profit Booking

1	LEVEL-01	24.05
2	LEVEL-02	28.10
3	LEVEL-03	32.15
4	LEVEL-04	36.20
5	LEVEL-05	40.25
6	LEVEL-06	44.30
7	LEVEL-07	48.40
8	LEVEL-08	52.45
9	LEVEL-09	56.50

Summary

The PE and PB ration of south indian bank is 7.53 and 0.98 as of march 2024.

SouthIndia Bank has delivered good profit growth of 18.3% CAGR over last 5 years.

SouthBank’s working capital requirements have reduced from 210 days to 146 days

Note: Stopeloss is always your friend and put it wisly. Stoploss will protect you in any uncertain market moves. So, always consider stoploss as per your risk on capital and not stand again market.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. Dear readers, we had like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.