Punjab National Bank

NSE: PNB  SECTOR: Bank - Public

37.1
+2 (5.7%)

Price Summary

Today's High

₹ 38.2

Today's Low

₹ 35.55

52 Week High

₹ 46.4

52 Week Low

₹ 26.3

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

38872.20107701 Cr.

CASA %

42.9745184065398

No. of Shares

1047.7682231 Cr.

P/E

52.67

P/B

0.45

Face Value

₹ 2

Div. Yield

0%

Book Value (TTM)

₹  82.531

Net Interest Income

17437.7912 Cr.

Cost To Income %

44.8240743947452

Promoter Holding

76.87%

EPS (TTM)

₹  0.7044

CAR %

14.14%

ROE

0.680530047652006 %

ROCE

2.77222091323637 %

Profit Growth

0.624896262843791 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

ROE%

1 Year0.68%
3 Year-19.05%
5 Year-12.88%

ROA%

1 Year0.04%
3 Year-0.97%
5 Year-0.67%

Net NPA%

1 Year5.78%
3 Year7.86%
5 Year8%

 NIM

1 Year2.21%
3 Year2.2%
5 Year2.22%

CAR %

14.14

Cost of Liabilities %

4.82211971336206

PEG Ratio

0.51

Advances Growth %

2.96312977273319

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2021 76.87 0
Dec 2020 76.87 0
Sep 2020 85.59 0
Jun 2020 85.59 0
Mar 2020 83.19 0
* Figures given above are % of equity capital

 Strengths

 Looks like the company does not have any notable strengths.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is -0.968648270605224%
  • Company has a low ROE of -19.0463840940797% over the last 3 years.
  • The Bank has a high NPA ; Average NPA of the last 3 years stands at 7.86%.
  • The company has delivered poor Profit Growth of -36.6889005900549% over the past 3 years.
  • The company has delivered poor Income growth of 4.40319211615767% over the past 3 years.
  • Poor Advances growth of 3.99669248381396% in last 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
Interest Earned 13562.69 13858.98 20604.91 20945.84 20324.67
Other Income 2404.8 2529.34 3687.89 2492.72 2973.86
Interest Expended 9207.64 9181.44 13856.48 12552.64 12011.69
Operating Expenses 2996.95 3274.6 5156.27 5211.01 4896.03
Total Provisions 4146.04 4901.31 4685.89 4696.15 5432.6
Profit Before Tax -383.14 -969.03 594.16 978.75 958.21
Tax 109.14 -271.83 285.71 357.95 452.18
Net Profit -492.28 -697.2 308.45 620.81 506.03
Net NPA % 7.18 5.78 5.39 4.75 4.03
Gross NPA % 16.3 14.21 14.11 13.43 12.99
Return on Assets % -0.23 -0.31 0.09 0.19 0.15
NPM % -3.63 -5.03 1.5 2.96 2.49

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Interest Earned 47424.35 47275.99 47995.77 51310.25 53800.03
Other Income 6000.05 8951.37 8880.87 7377.41 9274.13
Interest Expended 32112.57 32282.82 33073.36 34153.94 36362.24
Operating Expenses 9972.45 9379.38 13509.07 11538.48 11973.37
Total Provisions 17077.26 12553.62 29869.28 28341.01 13999.56
Profit Before Tax -5737.89 2011.54 -19575.08 -15345.77 738.98
Taxes -1763.49 686.74 -7292.26 -5370.28 402.79
Net Profit -3974.4 1324.8 -12282.82 -9975.49 336.19
Adjusted EPS (Rs.) -20.24 6.23 -44.49 -21.67 0.5

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 392.72 425.59 552.11 920.81 1347.51
Total Reserves 37917.42 41671.87 40522.19 43866.32 61009.97
Deposits 553051.13 621704.02 642226.19 676030.14 703846.32
Borrowings 59755.24 40763.34 60850.75 39325.92 50225.43
Other Liabilities 16273.94 15765.73 21678.86 14806.29 14236.68
Total Liabilities 667390.46 720330.55 765830.1 774949.46 830665.91
Assets
Balance with RBI 26479.07 25210 28789.03 32129.13 38397.85
Balance with Banks 49144.02 63121.65 66672.97 43158.91 37595.18
Investments 157845.89 186725.44 200305.98 202128.22 240465.64
Advances 412325.8 419493.15 433734.72 458249.2 471827.72
Net Block 5222.73 6273.25 6349.33 6224.85 7239.07
Other Assets 16372.94 19507.06 29978.07 33059.15 35140.45
Total Assets 667390.46 720330.55 765830.1 774949.46 830665.91
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Company Presentations

Company News

PNB Stock Price Analysis and Quick Research Report. Is PNB an attractive stock to invest in?

 

The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.

The banking industry is in boom with growing demand across India. But is it the right time to invest in banking stocks is the question to be asked? We can look into more details and dig a little deeper into the analysis of the stock.

Let’s look at how PNB is performing and if it is the right time to buy the stock of PNB with detailed analysis.

  •  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. PNB has earned Rs 53800.0337 Cr. revenue in the latest financial year. It has posted Poor revenue growth of 4.40319211615767 % in last 3 Years.

  • In terms of advances, the bank reported 2.96312977273319 % YOY,  rise . If you see 3 years advance growth, it stands at 3.99669248381396 %.

  • Currently the company has a CASA ratio of 42.9745184065398 %. It’s overall cost of liability stands at 4.82211971336206 %. Also, the total deposits from these accounts stood at Rs 703846.3206 Cr.

  • The Bank has a Poor ROA track record. The ROA of PNB is at 0.0418773269824996 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 14.21 % and 5.78 % respectively as on the latest financial year.

  • One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is negative at -50.6031556604072 % which means it has decreased from the previous year.

  • Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of PNB decreased and is currently at Rs 92.741277 Cr.

  • The company has a Good Capital Adequacy Ratio of 14.14 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently PNB is trading at a P/B of 0.449528056124365 . The historical average PB was 0.690862183404069.

Brief about PNB

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