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Last Updated on: 23 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 533295 | NSE: PSB

Punjab & Sind Bank: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 22, 2024, 9:41 pm

Market Cap 31,828 Cr.
Current Price 47.0
High / Low77.5/40.2
Stock P/E47.2
Book Value 22.9
Dividend Yield0.43 %
ROCE5.59 %
ROE3.88 %
Face Value 10.0
PEG Ratio0.87

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Punjab & Sind Bank

Competitors of Punjab & Sind Bank

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Union Bank of India 87,909 Cr. 115172/1065.73 1283.13 %6.55 %15.6 % 10.0
UCO Bank 50,023 Cr. 41.970.7/36.822.9 22.90.67 %5.34 %6.22 % 10.0
State Bank of India (SBI) 7,28,200 Cr. 816912/5599.51 4651.68 %6.16 %17.3 % 1.00
Punjab National Bank 1,14,699 Cr. 99.8143/75.67.93 1001.50 %5.46 %8.54 % 2.00
Punjab & Sind Bank 31,828 Cr. 47.077.5/40.247.2 22.90.43 %5.59 %3.88 % 10.0
Industry Average125,820.67 Cr189.1412.66148.891.96%5.88%12.90%7.25

All Competitor Stocks of Punjab & Sind Bank

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Revenue1,6901,7411,8711,7931,8001,9802,1072,1052,3162,4062,4912,4812,652
Interest1,1111,1241,1141,0961,0911,2051,3021,4211,5781,7311,7521,7921,802
Expenses459775622463542723391638682648920875831
Financing Profit120-15813523416752414465627-181-18619
Financing Margin %7%-9%7%13%9%3%20%2%2%1%-7%-8%1%
Other Income214256171215115140138547179268362413194
Depreciation0000000000000
Profit before tax33498306449282193552593234295181227213
Tax %48%-123%2%23%27%-44%32%23%35%36%37%39%15%
Net Profit174218301346205278373457153189114139182
EPS in Rs0.430.540.740.510.300.410.550.670.230.280.170.210.27
Gross NPA %13.33%14.54%14.44%12.17%11.34%9.67%8.36%6.97%6.80%6.23%5.70%5.43%4.72%
Net NPA %3.61%3.81%3.01%2.74%2.56%2.24%2.02%1.84%1.95%1.88%1.80%1.63%1.59%

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Revenue7,3407,9738,5898,7448,1737,9498,5597,9306,9747,0967,9939,69410,030
Interest5,6996,3526,9096,5696,0145,7146,2795,8724,7124,4445,0196,8537,077
Expenses1,5231,7421,9152,1102,5363,3473,9814,4236,4682,2872,1452,9753,274
Financing Profit118-121-23566-377-1,112-1,702-2,366-4,206364828-134-321
Financing Margin %2%-2%-3%1%-5%-14%-20%-30%-60%5%10%-1%-3%
Other Income3944274294785785818288979049599401,2211,237
Depreciation27604646064-15541021371481500
Profit before tax486246147498201-595-859-1,522-3,4041,1871,620937916
Tax %30%-22%18%33%0%25%-37%-35%-20%12%19%36%
Net Profit339301121336201-744-543-991-2,7331,0391,313595624
EPS in Rs13.3510.923.038.395.02-13.17-9.62-14.13-6.741.531.940.880.93
Dividend Payout %20%20%20%20%0%0%0%0%0%20%25%23%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-11.21%-59.80%177.69%-40.18%-470.15%27.02%-82.50%-175.78%138.02%26.37%-54.68%
Change in YoY Net Profit Growth (%)0.00%-48.59%237.49%-217.86%-429.97%497.17%-109.52%-93.28%313.80%-111.65%-81.06%

Punjab & Sind Bank has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:3%
3 Years:12%
TTM:16%
Compounded Profit Growth
10 Years:7%
5 Years:25%
3 Years:30%
TTM:-42%
Stock Price CAGR
10 Years:-3%
5 Years:19%
3 Years:40%
1 Year:15%
Return on Equity
10 Years:-2%
5 Years:-1%
3 Years:7%
Last Year:4%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital2542754004004005655657014,0536,7786,7786,778
Reserves4,1504,5365,1965,5705,7425,6185,1364,8954,3107,2338,3318,756
Borrowings73,38287,23589,76394,08988,499105,409101,27292,88198,752104,581118,684129,180
Other Liabilities2,6922,4632,3942,5222,0022,1672,0092,0273,3672,4762,6622,943
Total Liabilities80,47894,50997,753102,58196,643113,759108,982100,504110,482121,068136,455147,657
Fixed Assets8441,0039951,1331,0951,0831,2301,2411,5851,5771,5191,756
CWIP000000000000
Investments22,54228,29424,00727,64527,94832,98226,17324,55232,02342,28144,83849,599
Other Assets57,09165,21272,75273,80367,60079,69581,57974,71176,87477,20990,09796,302
Total Assets80,47894,50997,753102,58196,643113,759108,982100,504110,482121,068136,455147,657

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-262,469-1,982930-4951,063-972,210-5,848-5,9991,4281,749
Cash from Investing Activity +-82-58-84-38-33-51-61-63-446-121-88-229
Cash from Financing Activity +-129-165-39-2092161,531-3568145,0554,068-1,332-434
Net Cash Flow-2362,246-2,105683-3132,543-5142,960-1,239-2,05181,086

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-72.00-86.00-88.00-92.00-86.00-102.00-98.00-88.00-92.00-102.00-116.00-127.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
ROE %8%7%2%6%3%-12%-9%-18%-39%9%9%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters97.07%97.07%98.25%98.25%98.25%98.25%98.25%98.25%98.25%98.25%98.25%98.25%
FIIs0.03%0.01%0.00%0.00%0.01%0.00%0.01%0.00%0.03%0.01%0.02%0.00%
DIIs1.06%1.06%0.64%0.66%0.66%0.67%0.67%0.66%0.68%0.65%0.65%0.65%
Public1.84%1.85%1.11%1.09%1.07%1.08%1.07%1.10%1.05%1.09%1.09%1.11%
No. of Shareholders1,26,3261,28,8801,30,7281,31,3511,30,5061,46,8431,46,9681,45,3851,55,1151,56,1091,84,6791,91,445

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India ETF Nifty PSU Bank BeES1,138,2960.297.541,138,2962024-11-180%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.881.942.56-35.71-15.76
Diluted EPS (Rs.)0.881.942.56-35.71-15.76
Cash EPS (Rs.)1.102.161.74-6.49-13.36
Book Value[Excl.RevalReserv]/Share (Rs.)22.9222.2920.6720.6479.83
Book Value[Incl.RevalReserv]/Share (Rs.)22.9222.2920.6720.6479.83
Dividend / Share (Rs.)0.200.480.310.000.00
Operating Revenue / Share (Rs.)14.3011.7910.4717.21113.11
Net Profit / Share (Rs.)0.871.941.53-6.74-14.13
Interest Income / Employee (Rs.)0.000.008123423.247896189.208947783.91
Net Profit / Employee (Rs.)0.000.001189530.17-3094316.58-1118030.13
Business / Employee (Rs.)0.000.00189769405.95177819159.65167094856.24
Interest Income / Branch (Rs.)61981941.1852002156.1546499411.5345700617.9651962818.48
Net Profit / Branches (Rs.)3807032.618542804.166809007.86-17908914.81-6492780.47
Business / Branches (Rs.)1292493161.761213304612.231086261966.581029160431.19970376550.46
Net Profit Margin (%)6.1416.4214.64-39.18-12.49
Operating Profit Margin (%)-6.454.661.12-52.13-23.81
Return On Assets (%)0.400.960.85-2.47-0.98
Return On Equity / Networth (%)3.838.697.41-32.67-17.70
Net Interest Margin (X)1.922.172.182.042.04
Cost To Income (%)72.1662.9463.1675.6362.87
Interest Income / Total Assets (%)6.565.855.866.317.88
Non-Interest Income / Total Assets (%)0.820.680.790.810.89
Operating Profit / Total Assets (%)-0.420.270.06-3.29-1.87
Operating Expenses / Total Assets (%)1.981.801.882.161.84
Interest Expenses / Total Assets (%)4.643.673.674.265.84
Enterprise Value (Rs.Cr.)162358.44129863.83108913.0998675.9184173.88
EV Per Net Sales (X)16.7516.2515.3514.1510.62
Price To Book Value (X)2.611.150.740.850.13
Price To Sales (X)4.182.181.481.020.09
Retention Ratios (%)45.3683.99100.00100.00100.00
Earnings Yield (X)0.010.070.09-0.38-1.27

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Punjab & Sind Bank as of November 23, 2024 is: 42.12

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 23, 2024, Punjab & Sind Bank is Overvalued by 10.38% compared to the current share price 47.00

Intrinsic Value of Punjab & Sind Bank as of November 23, 2024 is: 64.88

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 23, 2024, Punjab & Sind Bank is Undervalued by 38.04% compared to the current share price 47.00

Last 5 Year EPS CAGR: 54.03%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Punjab & Sind Bank:
    1. Net Profit Margin: 6.14%
      • 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: 0% (Industry Average ROCE: 5.88%)
      • 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. ROE%: 0% (Industry Average ROE: 12.9%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0
      • 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.
    5. Quick Ratio: 0
      • 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.
    6. Stock P/E: 47.2 (Industry average Stock P/E: 12.66)
      • 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.
    7. Total Debt / Equity: 0
      • 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 is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Punjab & Sind Bank is a Public Limited Listed company incorporated on 24/06/1908 and registered in the State of New Delhi, India. Company presently involved in the business activities of Banking Business.
INDUSTRYADDRESSCONTACT
Finance - Banks - Public SectorBank House, New Delhi Delhi 110008complianceofficer@psb.co.in
https://punjabandsindbank.co.in
Management
NamePosition Held
Dr. Charan SinghChairman
Mr. Swarup Kumar SahaManaging Director & CEO
Dr. Ram Jass YadavExecutive Director
Mr. Ravi MehraExecutive Director
Mr. Shankar Lal AgarwalPart Time Non Official Director
Mr. Rajendra Prasad GuptaShareholder Director
Ms. M G JayasreeGovernment Nominee Director
Mr. K P PatnaikNominee Director

FAQ

What is the latest intrinsic value of Punjab & Sind Bank?

The latest intrinsic value of Punjab & Sind Bank as on 23 November 2024 is ₹42.12, which is 10.38% lower than the current market price of ₹47.00.

What is the Market Cap of Punjab & Sind Bank?

The Market Cap of Punjab & Sind Bank is 31,828 Cr..

What is the current Stock Price of Punjab & Sind Bank as on 23 November 2024?

The current stock price of Punjab & Sind Bank as on 23 November 2024 is 47.0.

What is the High / Low of Punjab & Sind Bank stocks in FY 2024?

In FY 2024, the High / Low of Punjab & Sind Bank stocks is 77.5/40.2.

What is the Stock P/E of Punjab & Sind Bank?

The Stock P/E of Punjab & Sind Bank is 47.2.

What is the Book Value of Punjab & Sind Bank?

The Book Value of Punjab & Sind Bank is 22.9.

What is the Dividend Yield of Punjab & Sind Bank?

The Dividend Yield of Punjab & Sind Bank is 0.43 %.

What is the ROCE of Punjab & Sind Bank?

The ROCE of Punjab & Sind Bank is 5.59 %.

What is the ROE of Punjab & Sind Bank?

The ROE of Punjab & Sind Bank is 3.88 %.

What is the Face Value of Punjab & Sind Bank?

The Face Value of Punjab & Sind Bank is 10.0.

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 & Sind 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