South Indian Bank Share Price Target (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030) | South Indian Bank Ltd Financial Trends, Fundamentals, Share Analysis and more
If you want information about South Indian Bank share or want to know its share price target, then your wait is over.
In this blog we will talk about the South Indian Bank and South Indian Bank Share Price Target. Along with this we will try to understand the future plans and businesses of this banking sector company. So stay tuned till the end of the article, so that you can decide for yourself whether to invest money in it or not.
The stock we are going to talk about in this article, you also know that it is a banking sector stock. The financials of South Indian Bank and Fundamentals are not good at all, so it becomes difficult to predict the future price of any stock. But if the company looks after its financials and pays attention to its fundamentals, then this stock can see a boom.
So let us first know about South Indian Bank, along with this we will also see its financial trend. Then after this, we predict the share price target of South India Bank, so that we will get a little idea that till what price it can go.
About South Indian Bank Ltd
South Indian Bank is one of the Indian small capitalisation banking sector company which was established in 25 January 1929. This company is employing 7000+ peoples and this company is headquartered in Thrissur, Kerala, India. Currently, the managing director and CEO of South Indian Bank is Murali Ramakrishna, and Salim Gangadharan who is the Chairman of this company.
It has over 800 branches and 1,800 ATMs across the country. SIB offers a wide range of banking products and services, including savings and current accounts, fixed deposits, personal loans, home loans, credit cards, and online banking. The bank also has a strong presence in the Gulf region, with several branches in the UAE, Oman, and Qatar. SIB also offers NRI banking services.
South Indian Bank provides various digital banking services to its customers, such as internet banking and mobile banking. South Indian Bank is known for its focus on customer service and is committed to providing innovative and convenient banking solutions to its customers.
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South Indian Bank Financial Trends
If we talk about the Revenue and Profit of South Indian Bank Company then –
Financial Trends of South Indian Bank is Its revenue in 2019 has been ₹ 7,603 Cr and profit is ₹ 248 Cr. There was a revenue of ₹ 8,810 Cr in 2020 and a profit of ₹ 105 Cr. In the same 2021, there was a profit of ₹ 61.91 crore with a revenue of ₹ 8,491 Cr. And this year i.e. in 2022 there has been a little profit of ₹ 44.81 Cr with a revenue of ₹ 7,620 Cr.
South Indian Bank Share Price Target 2023, 2024, 2025, 2026, 2030 Table
|Year||South Indian Bank Share Price Target|
|2023||₹24 – ₹28|
|2024||₹36 – ₹38|
|2025||₹47 – ₹52|
|2026||₹71 – ₹75|
|2027||₹89 – ₹94|
|2028||₹105 – ₹115|
|2029||₹120 – ₹140|
|2030||₹200 – ₹220|
For more details about this share, watch this video –
South Indian Bank Share Price Target 2023
The profit of South Indian Bank is continuously decreasing, which is not a good sign. If the financial of such a company continues to fall, then later it will give less profit than bank deposits or FDs.
We will see first South Indian Bank Share Price Target 2023 of INR 24 and second target of INR 28. There is so much drawback in this company anyway. But later if any other news comes which causes any uptrend to the share of South Indian Bank company then that is a different matter.
South Indian Bank Share Price Target 2024
The fundamentals of the South Indian Bank are not right. And as of now the P/E Ratio (7.32) of this stock but is profit is decreasing, so this is not considered good. And ROE (0.77%) is also bad which is considered not good for any stocks. If we talk about its book value, then it is now trading at 29.85 and now this share price is trading around Rs 20.
That is, this stock is currently trading lower than its book value, which is good. Taking this into account, if we try to predict the South Indian Bank Share Price Target 2024, then first target can be INR 36 and second target will be INR 38.
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South Indian Bank Share Price Target 2025
Talking about South Indian Bank Share Price Target 2025, the first target we will get to see can be INR 47. And if this company breaks this target and move up due to its trends then we will get to see second target of INR 52. There is very high debt on South Indian Bank i.e. its debt to equity ratio is 1.37. Which is considered bad in the long run for any company. But the best thing about this stock is that this company is trading lower than its book Value (29.85). This means their is a possibility of growth in this stock, in future.
South Indian Bank Share Price Target 2030
If we talk about the long term price target of the South Indian Bank stock, then, as we know, this is a small cap company and the market cap of this company is less than 5 thousands crores. But looking at the business model of the South Indian Bank, it is believed that this can perform very well in 2030. As we can see, If we look at the revenue, it is continuously increasing for the last 4 years. But the profit of this company was decreased from 2018 to 2022, and in 2022 it made the lowest profit of 44.81 crores. But, the net worth of South Indian Bank is increasing continuously.
Keeping this in mind, if we predict the South Indian Bank Share Price Target 2030, then we will get to see first and second target of INR 200 – INR 220 respectively. If India’s economy grows continuously as growing, then the company will get more benefits of it.
That’s it in this article, we have tried our best to tell you about South Indian Bank stock very well. So friends, if you are investing in stocks only after seeing the share price Target, then do not do this. Because there are many reasons behind the rise and fall of the Stock price.
I hope you got to learn a lot from this South Indian Bank Share Price Target 2023, 2024, 2025, 2026, 2030 article. And you will be able to decide by yourself whether you have to invest in this stock or not. If you have any queries, please ask in the comment box we will try to solve your issue by providing a better solution.
Who is the Chairman of South Indian Bank?
Salim Gangadharan is the present chairman of this company.
Is South Indian Bank a debt free company?
No, South Indian Bank is not a debt free company. Currently this company has a debt of ₹92,437 crore and its debt to equity ratio is 1.37.
Is South Indian Bank a government company?
No, South Indian Bank is not a government company.
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