BSE: 532461 | NSE: PNB | Bank - Public | Large Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Punjab National Bank is a below average quality company.
The key valuation ratios of Punjab National Bank's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Punjab National Bank is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income (₹ Cr.) | 17,367 | 16,473 | 15,336 | 15,194 | 17,491 | 17,921 | 31,130 | 29,419 | 35,028 | 40,530 | 42,149 | |
| YoY Gr. Rt. % | - | -5.1% | -6.9% | -0.9% | 15.1% | 2.5% | 73.7% | -5.5% | 19.1% | 15.7% | - | |
| Total Income | 54,884 | 56,904 | 57,226 | 57,608 | 59,515 | 64,306 | 94,170 | 88,339 | 99,085 | 1,22,394 | 1,31,375 | |
| YoY Gr. Rt. % | - | 3.7% | 0.6% | 0.7% | 3.3% | 8.1% | 46.4% | -6.2% | 12.2% | 23.5% | - | |
| Adj EPS (₹ ) | 18.3 | -18.8 | 5.6 | -43.9 | -20.8 | 0.7 | 2.5 | 3.5 | 3 | 8.3 | 12.6 | |
| YoY Gr. Rt. % | - | -202.5% | NA | -886.4% | NA | NA | 276.9% | 43.3% | -13.4% | 172% | - | |
| BVPS (₹ ) | 219.2 | 198.4 | 186.1 | 137.1 | 92.3 | 87.7 | 81.4 | 82.2 | 85.8 | 92.7 | 103 | |
| YoY Gr. Rt. % | - | -9.5% | -6.2% | -26.4% | -32.7% | -5% | -7.2% | 1% | 4.3% | 8.1% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 0.6 | -0.5 | 0.1 | -1.7 | -1.3 | 0 | 0.2 | 0.3 | 0.2 | 0.5 | 0.8 | |
| To view Net NPA to Net Advances (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net NPA to Net Advances (%) | 4.1 | 8.6 | 7.8 | 11.2 | 6.6 | 5.8 | 5.7 | 4.8 | 2.7 | 0.7 | - | |
| To view Capital Adequacy Ratio (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Capital Adequacy Ratio (%) | - | - | - | - | - | - | - | - | - | - | - | |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 9.9% | 18.3% | 9.2% | 15.7% | ||||
| Total Income | 9.3% | 15.5% | 9.1% | 23.5% | ||||
| Adj EPS | -8.5% | NA | 50% | 172% | ||||
| BVPS | -9.1% | 0.1% | 4.4% | 8.1% | ||||
| Share Price | -7.4% | 9.5% | 40.3% | 12.2% | ||||
| RATIOS \ YEARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Earned / Total Income | 88.75 | 89.28 | 83.98 | 84.58 | 87.62 | 85.4 | 87.01 | 86.31 | 87.65 | 89.11 | 88.4 | |
| Margins | To view Margins Colour Rating Guide click here ⓘ | |||||||||||
| NIM (%) | 2.8 | 2.4 | 2.2 | 2.1 | 2.3 | 2.2 | 2.6 | 2.3 | 2.5 | 2.7 | 2.4 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 8.6 | -9.2 | 2.3 | -32.5 | -25 | 0.7 | 3 | 4.2 | 3.3 | 8.5 | 12.2 | |
| Liquidity Ratio | To view Liquidity Ratio Colour Rating Guide click here ⓘ | |||||||||||
| CASA (%) | 36 | 36.6 | 41.7 | 41 | 42.2 | 42.9 | 44.5 | 46.5 | 41.9 | 40.2 | - | |
Return on Equity has increased versus last 3 years average to 12.90%
Total Income has increased 9.13 CAGR in last 3 years
Net Profit has increased 50.01 CAGR in last 3 years
Net NPA to Net Advances has declined versus last 3 years average
Total income growth is good in last 4 quarters
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 11.1 | 12.6 |
| TTM Sales (₹ Cr.) | 1,13,833 | 1,16,126 |
| BVPS (₹.) ⓘ | 98.6 | 103 |
| Reserves (₹ Cr.) ⓘ | 1,11,029 | 1,16,057 |
| P/BV ⓘ | 1.03 | 0.99 |
| PE ⓘ | 9.17 | 8.11 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 89.05 / 142.90 |
| All Time Low / High (₹) | 6.98 / 279.00 |
| Market Cap (₹ Cr.) | 1,17,285 |
| Equity (₹ Cr.) | 2,298.6 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 9.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | 54,884 | 56,904 | 57,226 | 57,608 | 59,515 | 64,306 | 94,170 | 88,339 | 99,085 | 1,22,394 |
| Interest Income | 48,710 | 50,804 | 48,058 | 48,725 | 52,147 | 54,918 | 81,935 | 76,242 | 86,845 | 1,09,065 |
| Other Income ⓘ | 6,175 | 6,100 | 9,168 | 8,883 | 7,367 | 9,388 | 12,235 | 12,098 | 12,240 | 13,329 |
| Expenditure | 51,543 | 60,567 | 56,325 | 70,193 | 69,541 | 63,943 | 92,018 | 84,664 | 96,016 | 1,14,065 |
| Interest Expense | 31,343 | 34,331 | 32,722 | 33,530 | 34,656 | 36,997 | 50,805 | 46,823 | 51,817 | 68,534 |
| Operating Expenses | 10,809 | 10,350 | 9,524 | 13,643 | 11,689 | 12,150 | 20,516 | 20,491 | 24,336 | 28,809 |
| Provisions | 9,391 | 15,886 | 14,079 | 23,020 | 23,196 | 14,795 | 20,697 | 17,350 | 19,863 | 16,722 |
| Profit Before Tax | 4,397 | -5,293 | 1,540 | -19,849 | -15,370 | 827 | 3,782 | 4,594 | 4,861 | 13,332 |
| Taxes | 1,056 | -1,630 | 639 | -7,264 | -5,343 | 464 | 1,630 | 919 | 1,792 | 5,003 |
| Profit After Tax | 3,341 | -3,663 | 901 | -12,584 | -10,026 | 363 | 2,152 | 3,676 | 3,069 | 8,329 |
| Adjusted EPS (₹) | 18.33 | -18.79 | 5.58 | -43.88 | -20.79 | 0.65 | 2.45 | 3.51 | 3.04 | 8.27 |
| Dividend Payout Ratio (%) | 18% | -2% | 1% | -1% | 0% | 7% | 7% | 18% | 21% | 18% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Share Capital ⓘ | 371 | 393 | 426 | 552 | 921 | 1,348 | 2,096 | 2,202 | 2,202 | 2,202 |
| Total Reserves ⓘ | 41,669 | 41,412 | 42,990 | 40,965 | 45,164 | 62,529 | 90,439 | 95,380 | 1,00,678 | 1,08,185 |
| Minority Interest | 549 | 729 | 781 | 309 | 288 | 361 | 487 | 473 | 459 | 561 |
| Deposits | 5,15,245 | 5,70,383 | 6,29,651 | 6,48,439 | 6,81,874 | 7,10,254 | 11,13,717 | 11,54,235 | 12,90,347 | 13,79,225 |
| Borrowings ⓘ | 59,205 | 81,674 | 43,336 | 65,330 | 46,828 | 62,512 | 52,298 | 59,372 | 70,149 | 72,586 |
| Other Liabilities | 18,973 | 18,204 | 16,128 | 21,934 | 15,046 | 14,453 | 20,689 | 27,640 | 29,813 | 35,878 |
| Total Liabilities ⓘ | 6,36,011 | 7,12,793 | 7,33,311 | 7,77,528 | 7,90,120 | 8,51,457 | 12,79,725 | 13,39,301 | 14,93,649 | 15,98,636 |
Assets | ||||||||||
| Balance with RBI | 24,436 | 26,492 | 25,410 | 29,029 | 32,338 | 38,604 | 44,267 | 86,128 | 78,214 | 65,325 |
| Balance with Banks | 33,823 | 52,557 | 65,969 | 68,459 | 44,958 | 39,152 | 69,067 | 48,066 | 79,115 | 66,075 |
| Investments ⓘ | 1,56,762 | 1,65,126 | 1,91,527 | 2,04,419 | 2,10,578 | 2,53,782 | 4,04,369 | 3,88,586 | 4,16,914 | 4,46,421 |
| Advances | 4,04,614 | 4,46,083 | 4,24,231 | 4,38,826 | 4,62,416 | 4,76,853 | 6,79,346 | 7,33,766 | 8,37,459 | 9,41,763 |
| Net Block ⓘ | 3,656 | 5,308 | 6,298 | 6,371 | 6,246 | 7,262 | 11,049 | 10,696 | 12,084 | 12,348 |
| Other Assets | 12,720 | 17,226 | 19,876 | 30,424 | 33,583 | 35,804 | 71,627 | 72,059 | 69,864 | 66,704 |
| Total Assets ⓘ | 6,36,011 | 7,12,793 | 7,33,311 | 7,77,528 | 7,90,120 | 8,51,457 | 12,79,725 | 13,39,301 | 14,93,649 | 15,98,636 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 4,814 | 14,167 | 21,938 | -1,742 | -33,532 | -12,793 | 1,240 | 20,032 | 22,592 | -27,939 |
| Cash Flow From Investing Activity ⓘ | -872 | -1,352 | 159 | 392 | -629 | -338 | -787 | -1,204 | -732 | -1,506 |
| Cash Flow From Financing Activity ⓘ | 7,451 | 5,975 | -9,767 | 7,460 | 13,969 | 13,591 | 5,415 | 2,032 | 1,275 | 3,518 |
| Net Cash Flow ⓘ | 11,393 | 18,790 | 12,330 | 6,109 | -20,192 | 460 | 5,868 | 20,859 | 23,135 | -25,928 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 18 | -19 | 6 | -44 | -21 | 1 | 2 | 4 | 3 | 8 |
| DPS (₹) | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 |
| BVPS (₹) | 219 | 198 | 186 | 137 | 92 | 88 | 81 | 82 | 86 | 93 |
Margin Ratios | ||||||||||
| Yield on Advances (%) | 12.0 | 11.4 | 11.3 | 11.1 | 11.3 | 11.5 | 12.1 | 10.4 | 10.4 | 11.6 |
| Yield on Investments (%) | 7.8 | 8.2 | 8.1 | 8.4 | 7.5 | 7.0 | 7.4 | 7.0 | 6.5 | 6.8 |
| Cost of Liabilities (%) | 5.5 | 5.3 | 4.9 | 4.7 | 4.8 | 4.8 | 4.4 | 3.9 | 3.8 | 4.7 |
| NIM (%) | 2.8 | 2.4 | 2.2 | 2.1 | 2.3 | 2.2 | 2.6 | 2.3 | 2.5 | 2.7 |
| Interest Spread (%) | 6.6 | 6.1 | 6.5 | 6.4 | 6.5 | 6.7 | 7.7 | 6.5 | 6.6 | 6.9 |
Performance Ratios | ||||||||||
| ROA (%) | 0.6 | -0.5 | 0.1 | -1.7 | -1.3 | 0.0 | 0.2 | 0.3 | 0.2 | 0.5 |
| ROE (%) | 8.6 | -9.2 | 2.3 | -32.5 | -25.0 | 0.7 | 3.0 | 4.2 | 3.3 | 8.5 |
| ROCE (%) | 7.7 | -1.4 | 3.9 | -17.5 | -13.1 | 3.0 | 5.4 | 5.3 | 5.9 | 10.8 |
Efficiency Ratios | ||||||||||
| Cost to Income Ratio (%) | 45.9 | 45.9 | 38.9 | 56.7 | 47.0 | 44.5 | 47.3 | 49.4 | 51.5 | 53.5 |
| Operating Costs to Assets (%) | 1.7 | 1.5 | 1.3 | 1.8 | 1.5 | 1.4 | 1.6 | 1.5 | 1.6 | 1.8 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.7 | 0.4 | 0.8 | 0.7 | 1.0 | 0.4 | 0.5 | 0.4 | 0.5 | 1.3 |
Punjab National Bank, India’s first Swadeshi Bank, commenced its operations on April 12, 1895 from Lahore. The Bank was established by the spirit of nationalism and was the first bank purely managed by Indians with Indian Capital. The financial year 2019- 20 was significant in view of the announcement of amalgamation of Public sector Banks wherein Oriental Bank of Commerce and United Bank of India amalgamated with Punjab National Bank with effect from April 1, 2020. The Bank’s brand image and trust reposed by its customers have been reflected in growing customer base and rising business graph of the Bank. Bank’s focus has been on qualitative business growth, recovery and arresting fresh slippages. The Bank’s journey towards digitalization continues through constant innovation and upgradation of its existing products and services. The Bank strives to provide hassle free and convenient banking services to several customers. The Bank believes in leveraging technology for delivering best customer experience.
Business area of the company
The bank is one of the premier banking institutions in the country with a long tradition of sound and prudent banking.
Products
Personal (Deposit, Loans, Apply For OTS in NPA Accounts, Insurance, Government Business, Agriculture Banking, Financial Inclusion, Priority Sector)
Corporate (Corporate Loans, EXIM finance, Cash Management Services, Gold Card Scheme for Exporters, Doorstep Banking Services)
International (Schemes / Products / Services, NRI Services, Help Desk For Forex Services, World Travel Card, Foreign Office Details)
Capital Services (Depository Services, Mutual Funds, Merchant Banking, ASBA)
E-services
Subsidiaries of the company
Domestic
International
Awards
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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