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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Punjab National Bank

About the Company - Punjab National Bank

Punjab National Bank is a Public Limited Listed company incorporated on 19/07/1969 and registered in the State of New Delhi, India. Company presently involved in the business activities of Banking Business.
INDUSTRYADDRESSCONTACT
Finance - Banks - Public SectorPlot No. 4, Sector -10, New Delhi Delhi 110075eicsmead@pnb.co.in
http://www.pnbindia.in
Management
NamePosition Held
Mr. K G AnanthakrishnanChairman
Mr. Atul Kumar GoelManaging Director & CEO
Mr. Kalyan KumarExecutive Director
Mr. Vijay DubeExecutive Director
Mr. M ParamasivamExecutive Director
Mr. Binod KumarExecutive Director
Mr. Gautam GuhaShareholder Director
Dr. Rekha JainShareholder Director
Mr. Sanjeev Kumar SinghalPart Time Non Official Director
Mr. Pankaj JoshiPart Time Non Official Director
Mr. Anil Kumar MisraNominee Director
Mr. Pankaj SharmaGovernment Nominee Director

Punjab National Bank Share Price Update

Share PriceValue
Today₹127.00
Previous Day₹128.00

Basic Stock Data of Punjab National Bank

Market Cap 1,38,519 Cr.
Current Price 126
High / Low133/44.4
Stock P/E18.2
Book Value 93.4
Dividend Yield0.52 %
ROCE4.10 %
ROE3.34 %
Face Value 2.00

Data Source: screener.in

Competitors of Punjab National Bank

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
UCO Bank 67,479 Cr. 56.470.7/22.239.5 21.60.00 %4.75 %7.55 % 10.0
Union Bank of India 1,13,550 Cr. 149155/60.38.45 1152.03 %5.02 %11.4 % 10.0
Punjab & Sind Bank 43,751 Cr. 64.677.5/23.147.9 22.30.74 %5.26 %9.01 % 10.0
State Bank of India (SBI) 6,90,140 Cr. 773778/50210.0 4021.46 %5.20 %16.8 % 1.00
Bank of Baroda 1,40,583 Cr. 272281/1567.44 2032.02 %5.17 %15.1 % 2.00
Industry Average211,100.60 Cr263.0022.66152.781.25%5.08%11.97%6.60

Punjab National Bank Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Revenue21,36620,63219,06619,23718,33519,57919,09019,14420,58822,80824,30525,67326,858
Interest12,74512,13511,97511,84311,78611,69711,49711,44312,17213,51314,69016,06416,820
Expenses10,00110,1718,7209,7768,9228,8399,3849,52310,49311,57810,81310,99010,259
Financing Profit-1,380-1,675-1,629-2,382-2,373-957-1,791-1,822-2,077-2,282-1,197-1,381-221
Financing Margin %-6%-8%-9%-12%-13%-5%-9%-10%-10%-10%-5%-5%-1%
Other Income2,3192,7512,5683,8793,2622,6962,2612,3842,7043,3253,8273,3602,999
Depreciation0000000000000
Profit before tax9391,0769391,4978891,7394705626261,0432,6301,9792,778
Tax %42%46%42%28%-35%34%48%46%42%37%34%39%36%
Net Profit6087817151,1841,1271,2493482714967151,8761,3631,990
EPS in Rs0.610.710.671.061.001.140.310.260.450.641.691.221.81
Gross NPA %
Net NPA %

Punjab National Bank Quarterly Chart

Punjab National Bank Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue37,49543,07144,95848,71050,80448,05848,72552,14754,91881,93576,24286,845104,688
Interest23,78927,80228,22031,34334,33132,72233,53034,65636,99750,80546,82351,81765,018
Expenses10,47212,45616,11218,76027,45322,53343,34539,64525,86738,60136,02641,50241,510
Financing Profit3,2342,812626-1,394-10,980-7,197-28,151-22,153-7,946-7,470-6,607-6,473-1,841
Financing Margin %9%7%1%-3%-22%-15%-58%-42%-14%-9%-9%-7%-2%
Other Income4,2404,3104,7106,1756,1009,1688,8837,3679,38812,77712,32912,52912,862
Depreciation3023363673844134305815846149828969050
Profit before tax7,1716,7864,9694,397-5,2931,540-19,849-15,3708274,3254,8265,15111,022
Tax %31%27%29%24%31%41%37%35%56%38%19%35%
Net Profit5,0525,0203,6743,525-3,5101,239-12,111-9,5504852,6953,9083,3597,670
EPS in Rs29.6328.0319.9818.33-18.795.58-43.88-20.790.652.453.513.046.93
Dividend Payout %15%19%10%18%-2%0%0%0%0%0%18%21%

Punjab National Bank Profit & Loss Yearly Chart

Punjab National Bank Growth

Compounded Sales Growth
10 Years:7%
5 Years:12%
3 Years:17%
TTM:28%
Compounded Profit Growth
10 Years:-4%
5 Years:18%
3 Years:97%
TTM:321%
Stock Price CAGR
10 Years:1%
5 Years:10%
3 Years:44%
1 Year:143%
Return on Equity
10 Years:-1%
5 Years:0%
3 Years:4%
Last Year:3%

Punjab National Bank Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital3393533623713934265529211,3482,0962,2022,2022,202
Reserves28,86534,11637,73141,66941,41242,99040,96545,16462,52990,43995,380100,678
Borrowings427,054446,090520,237574,450652,056672,987713,769728,702772,7671,166,0151,213,6061,360,496
Other Liabilities14,18816,08916,49019,52218,93216,90922,24215,33314,81421,17628,11330,273
Total Liabilities470,445496,648574,820636,011712,793733,311777,528790,120851,4571,279,7251,339,3011,493,649
Fixed Assets3,2173,4223,4903,6565,3086,2986,3716,2467,26211,04910,69612,084
CWIP000000000000
Investments125,820134,734149,225156,762165,126191,527204,419210,578253,782404,369388,586416,914
Other Assets341,408358,491422,105475,594542,358535,486566,738573,295590,413864,307940,0191,064,651
Total Assets470,445496,648574,820636,011712,793733,311777,528790,120851,4571,279,7251,339,3011,493,649

Punjab National Bank Reserves and Borrowings Chart

Punjab National Bank Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -25-69216,9064,81414,16721,938-1,742-33,532-12,79330,95020,03222,592
Cash from Investing Activity -397-600-302-872-1,352159392-629-338-787-1,204-732
Cash from Financing Activity 451-6942,1297,4515,975-9,7677,46013,96913,5915,4152,0321,275
Net Cash Flow29-1,98718,73311,39318,79012,3306,109-20,19246035,57920,85923,135

Punjab National Bank Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROE %19%16%10%8%-8%3%-29%-22%1%3%4%3%

Punjab National Bank Financial Efficiency Indicators Chart

Punjab National Bank Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters76.87%76.87%73.15%73.15%73.15%73.15%73.15%73.15%73.15%73.15%73.15%73.15%
FIIs3.81%2.94%2.51%2.21%1.19%1.36%0.99%1.22%1.71%1.71%1.82%2.65%
DIIs9.99%9.07%11.27%11.21%11.61%11.60%11.45%12.29%12.98%13.53%13.44%13.80%
Government0.03%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public9.30%11.12%13.07%13.44%14.05%13.89%14.41%13.33%12.16%11.61%11.57%10.41%
No. of Shareholders12,22,65913,81,30516,18,14416,90,48418,77,24719,50,65920,40,14120,10,93820,29,64620,67,20220,30,10020,83,546

Punjab National Bank Shareholding Pattern Chart

No. of Punjab National Bank Shareholders

Punjab National Bank Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Contra Fund479709631.97372.25
Quant Small Cap Fund279790001.94217.12
Quant Active Fund269700003.13209.29
Kotak Equity Arbitrage Fund - Regular Plan251520000.62195.18
Quant Mid Cap Fund239710004.92186.02
SBI Long Term Equity Fund227048821.02176.19
Nippon India ETF Nifty PSU Bank BeES2240305411.66173.85
SBI Large & Midcap Fund200000000.9155.2
Quant ELSS Tax Saver Fund166110002.3128.9
Kotak Nifty PSU Bank ETF1604763611.67124.53

Punjab National Bank ROCE Trend

Punjab National Bank EPS Trend

Punjab National Bank Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Face Value2.002.002.002.002.00
Basic EPS (Rs.)3.043.532.640.80-29.68
Diluted EPS (Rs.)3.043.532.640.80-29.68
Cash EPS (Rs.)3.614.152.991.45-20.51
Book Value[Excl.RevalReserv]/Share (Rs.)85.7682.2281.4487.7492.31
Book Value[Incl.RevalReserv]/Share (Rs.)93.4388.6288.3294.81100.10
Operating Revenue / Share (Rs.)78.8769.2478.1381.51113.26
Net Profit / Share (Rs.)2.793.342.050.53-21.78
Net Profit After MI / Share (Rs.)3.043.512.440.65-20.79
Net Profit Margin (%)3.534.822.620.66-19.22
Net Profit After MI And SOA Nargin (%)3.855.063.120.79-18.35
Operating Profit Margin (%)-10.55-11.04-13.40-16.43-33.35
Return On Assets (%)0.220.280.200.05-1.21
Return On Equity / Networth (%)3.544.263.000.74-22.51
Net Interest Margin (X)2.342.192.422.102.21
Cost To Income (%)44.6042.8344.2541.9058.61
Interest Income / Total Assets (%)5.815.696.396.446.59
Non-Interest Income / Total Assets (%)0.810.901.021.100.93
Operating Profit / Total Assets (%)-0.61-0.62-0.85-1.05-2.20
Operating Expenses / Total Assets (%)1.621.521.601.421.47
Interest Expenses / Total Assets (%)3.463.493.964.344.38
Enterprise Value (Rs.Cr.)1333714.551195171.851160148.44755958.96740286.47
EV Per Net Sales (X)15.3615.6814.1713.7714.20
Price To Book Value (X)0.540.420.450.361.03
Price To Sales (X)0.590.500.460.390.84
Retention Ratios (%)78.6281.7492.9592.68100.31
Earnings Yield (X)0.060.100.060.02-0.21

Punjab National Bank Profitability Ratios (%)

Punjab National Bank Liquidity Ratios

Punjab National Bank Liquidity Ratios (%)

Punjab National Bank Interest Coverage Ratios (X)

Punjab National Bank Valuation Ratios

Fair Value / Intrinsic Value of Punjab National Bank

Fair Value: ₹57.07

The stock is overvalued by 54.71% compared to the current price ₹126

*Investments are subject to market risks

Strength and Weakness of Punjab National Bank

Unable to fetch valid data for stock valuation.

Should I Buy Punjab National Bank Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Punjab National Bank:
    1. Net Profit Margin: 3.53%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: N/A% (Industry Average ROCE: 5.08%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): N/A
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: N/A
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 17.5 (Industry average Stock P/E: 22.26)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✗ Total Debt / Equity: N/A
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Punjab National Bank. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE