The latest long-term forecast predicts that South Indian Bank Share Price will reach ₹35.63 by the end of 2024, and then rise to ₹48.42 by the end of 2025. The stock price is expected to continue its upward trend, reaching ₹61.56 in 2026, ₹74.78 in 2027, ₹86.48 in 2028, ₹99.32 in 2029, ₹112.45 in 2030, ₹174.84 in 2035, ₹238.48 in 2040 and ₹372.34 in 2050. Based on this forecast, it is safe to say that the South Indian Bank Share price will experience steady growth in the coming years.
South Indian Bank share price target for 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, and 2050 are available here. Here, we have used, TradingView charts, and technical analysis to forecast the price of South Indian Bank shares. This price target is added by expert advice and information from other sources.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2024 | ₹24.14 | ₹35.63 |
| 2025 | ₹37.35 | ₹48.42 |
| 2026 | ₹49.30 | ₹61.56 |
| 2027 | ₹63.25 | ₹74.78 |
| 2028 | ₹75.62 | ₹86.48 |
| 2029 | ₹88.34 | ₹99.32 |
| 2030 | ₹101.68 | ₹112.45 |
| 2035 | ₹160.36 | ₹174.84 |
| 2040 | ₹225.67 | ₹238.48 |
| 2050 | ₹358.68 | ₹372.34 |
Based on the analysis of South Indian Bank share prices from previous years, it is projected that in 2024, the minimum price of South Indian Bank shares is expected to be approximately ₹24.14, while the maximum price could reach around ₹35.63. On average, the trading price in 2024 is estimated to be ₹29.36 for South Indian Bank.
| Year | South Indian Bank Share Price Target |
|---|---|
| 2024 | ₹24.14 to ₹35.63 |
Based on technical analysis by stock experts, South Indian Bank share is projected to have minimum and maximum prices of approximately ₹37.35 and ₹48.42, respectively, in 2025. The average expected trading cost is estimated to be around ₹41.54.
| Year | South Indian Bank Share Price Target |
|---|---|
| 2025 | ₹37.35 to ₹48.42 |
The stock experts have carefully analyzed the price fluctuations of South Indian Bank shares over the past years. Based on their analysis, it is projected that in 2026, the minimum price of South Indian Bank could potentially drop to ₹49.30, while its maximum price may reach ₹61.56. On average, the estimated trading cost is expected to be around ₹54.24.
| Year | South Indian Bank Share Price Target |
|---|---|
| 2026 | ₹49.30 to ₹61.56 |
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Based on the analysis of stock experts, the projected range for South Indian Bank share prices in 2027 is between ₹63.25 and ₹74.78. The average trading price is estimated to be around ₹68.52.
| Year | South Indian Bank Share Price Target |
|---|---|
| 2027 | ₹63.25 to ₹74.78 |
Based on the analysis conducted by stock experts, the expected average price of South Indian Bank shares is projected to be approximately ₹81.54. While it may drop to a minimum of ₹75.62, there is also a chance for it to reach as high as ₹86.48 by the year 2028.
| Year | South Indian Bank Share Price Target |
|---|---|
| 2028 | ₹75.62 to ₹86.48 |
Stock experts have made predictions for the price of South Indian Bank share in the upcoming year. According to these forecasts, South Indian Bank share is projected to be traded within the range of ₹88.34 and ₹99.32 in 2029. The average cost of South Indian Bank shares is anticipated to be approximately ₹93.45 throughout the year.
| Year | South Indian Bank Share Price Target |
|---|---|
| 2029 | ₹88.34 to ₹99.32 |
Stock analysts have revealed their estimations for South Indian Bank share price in the year 2030. The maximum expected South Indian Bank share price is projected to reach ₹112.45, while there is a possibility of a drop to around ₹101.68. As a result, the anticipated average trading price is estimated to be ₹107.55.
| Year | South Indian Bank Share Price Target |
|---|---|
| 2030 | ₹101.68 to ₹112.45 |
Based on analysis by stock experts, the estimated average price of South Indian Bank shares is projected to be around ₹168.27. Although there is a possibility of a minimum drop to ₹160.36, there is also potential for it to reach as high as ₹174.84 throughout 2035.
| Year | South Indian Bank Share Price Target |
|---|---|
| 2035 | ₹160.36 to ₹174.84 |
After extensive analysis of the South Indian Bank share price, stock experts have now released their South Indian Bank share cost estimation for 2040. It is predicted that the South Indian Bank share will be traded at a minimum of ₹225.67, with the possibility of reaching a maximum peak of ₹238.48. As a result, the average South Indian Bank share price in 2040 is expected to be around ₹231.45.
| Year | South Indian Bank Share Price Target |
|---|---|
| 2040 | ₹225.67 to ₹238.48 |
Stock analysts have made their estimations for South Indian Bank share price, revealing exciting insights for the year 2050. The projected maximum price for South Indian Bank shares is expected to reach ₹372.34, while there is a possibility that it may experience a slight decline to around ₹358.68. As a result, the anticipated average trading price for South Indian Bank shares in 2050 is estimated to be ₹364.34.
| Year | South Indian Bank Share Price Target |
|---|---|
| 2050 | ₹358.68 to ₹372.34 |
South Indian Bank has shown moderate growth, with an 11.8% increase in advances and a stable CASA ratio of 32.07%. Its Gross NPA is 4.5%, indicating manageable loan quality. However, revenue growth has been slow, at just 5.64% over the last three years. The stock price has seen a 16.3% rise in the past year but remains volatile. It’s a potential long-term option, though risks remain due to slow revenue growth.
Is South Indian Bank overvalued or Undervalued?
South Indian Bank (NSE: SOUTHBANK) appears to be overvalued. The stock is trading at a significant premium, around 283% above its estimated median intrinsic value of ₹6.48. This assessment is based on multiple valuation models, including Enterprise Value (EV) to EBITDA, EV to Sales, and Price to Sales ratios. Despite some improvements in financial performance in recent quarters, such a large premium indicates the stock might be overvalued relative to its fundamentals.
Investors should proceed cautiously, considering this premium and whether the bank’s growth prospects justify the current market price.
Is South Indian Bank a multibagger?
South Indian Bank has delivered strong returns, rising 182% in two years and gaining attention as a multibagger stock. Under new leadership, the bank revamped its business model, focusing on asset quality and cost efficiency. Analysts see further growth potential, with price targets suggesting a 50% upside. However, future performance depends on the continued execution of its strategies.
Is South Indian Bank debt free?
South Indian Bank is not debt-free. As of March 2024, the bank has a total debt of approximately $0.46 billion. However, the bank’s debt-to-equity ratio stands at 0.46, indicating a relatively moderate level of debt compared to its equity. This ratio suggests that while the bank does use debt to finance its operations, it is not excessively leveraged.
Is South Indian Bank worth buying?
Yes, South Indian Bank is profitable. For the fiscal year 2023-24 (FY24), the bank posted a net profit of ₹1,070.08 crore, reflecting a 38% growth compared to ₹775.09 crore in FY23. The bank also achieved significant improvements in its key financial metrics, including a reduction in non-performing assets (NPAs) and higher return on equity. This profitability is attributed to the bank’s focus on quality credit growth across multiple business segments like personal loans, corporate loans, and gold loans.
FAQs
South Indian Bank currently holds a Buy consensus rating. This rating is based on the evaluation of 5 strong buy ratings, 7 buy ratings, 2 hold ratings, 2 sell ratings, and 0 strong sell ratings.
Based on current market trends, it is predicted that South Indian Bank shares will be traded within the range of ₹88.34 and ₹99.32 in the next 5 years.
Based on current market trends, it is predicted that South Indian Bank shares will be traded within the range of ₹160.36 and ₹174.84 in the next 10 years.
The current price of the South Indian Bank share is ₹44.95. Based on current market trends, in the future, we may expect the price of one South Indian Bank share to be ₹99.32 in 5 years and ₹174.84 in 10 years.
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