Punjab National Bank

NSE: PNB BSE: 532461 SECTOR: Bank - Public

39.15
-0.2 (-0.51%)
NSE: Today, 03:59 PM

Price Summary

Today's High

₹ 40

Today's Low

₹ 39.05

52 Week High

₹ 46.35

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.
FinancialsVery Stable
The company possesses stable growth history and sound margins.

Company Essentials

Market Cap

43108.13 Cr.

CASA %

44.54

No. of Shares

1101.1 Cr.

P/E

21.32

P/B

0.5

Face Value

₹ 2

Div. Yield

0%

Book Value (TTM)

₹  77.68

Net Interest Income

30476.98 Cr.

Cost To Income %

46.91

Promoter Holding

76.87%

EPS (TTM)

₹  1.84

CAR %

14.32%

ROE

2.86 %

ROCE

5.36 %

Profit Growth

501.32 %

* 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 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* 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.

 Group Companies

Ratios

ROE%

1 Year2.86%
3 Year-7.28%
5 Year-10.14%

ROA%

1 Year0.19%
3 Year-0.35%
5 Year-0.5%

Net NPA%

1 Year5.73%
3 Year6.02%
5 Year7.42%

 NIM

1 Year2.59%
3 Year2.38%
5 Year2.27%

CAR %

14.32

Cost of Liabilities %

4.37469386865269

PEG Ratio

0.07

Advances Growth %

42.8975127493076

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

  • CASA stands at 44.5420371556864% of total deposits.
  • The company has delivered good Profit growth of 29.3575627797507% over the past 3 years.

 Limitations

  • Net NPA has increased by 1.7% QoQ
  • The bank has a very low ROA track record. Average ROA of 3 years is -0.353216215548573%
  • Company has a low ROE of -7.28104798537611% over the last 3 years.
  • The Bank has a high NPA ; Average NPA of the last 3 years stands at 6.02333333333333%.
  • High Cost to income ratio of 46.9145234406818%.
  • Increase in Provision and contingencies of 39.2949234755102% on YoY.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Interest Earned 13858.98 20604.91 20945.84 20324.67 18789.53
Other Income 2529.34 3687.89 2492.72 2973.86 3742.2
Interest Expended 9181.44 13856.48 12552.64 12011.69 11851.98
Operating Expenses 3274.6 5156.27 5211.01 4896.03 5045.44
Total Provisions 4901.31 4685.89 4696.15 5432.6 4686.04
Profit Before Tax -969.03 594.16 978.75 958.21 948.27
Tax -271.83 285.71 357.95 452.18 361.94
Net Profit -697.2 308.45 620.81 506.03 586.33
Net NPA % 5.78 5.39 4.75 4.03 5.73
Gross NPA % 14.21 14.11 13.43 12.99 14.12
Return on Assets % 0.31 0.09 0.19 0.15 0.18
NPM % -5.03 1.5 2.96 2.49 3.12

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

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Interest Earned 47275.99 47995.77 51310.25 53800.03 80749.77
Other Income 8951.37 8880.87 7377.41 9274.13 12811.85
Interest Expended 32282.82 33073.36 34153.94 36362.24 50272.79
Operating Expenses 9379.38 13509.07 11538.48 11973.37 20308.75
Total Provisions 12553.62 29869.28 28341.01 13999.56 19500.68
Profit Before Tax 2011.54 -19575.08 -15345.77 738.98 3479.4
Taxes 686.74 -7292.26 -5370.28 402.79 1457.78
Net Profit 1324.8 -12282.82 -9975.49 336.19 2021.62
Adjusted EPS (Rs.) 6.23 -44.49 -21.67 0.5 1.93

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 425.59 552.11 920.81 1347.51 2095.54
Total Reserves 41671.87 40522.19 43866.32 61009.97 88841.77
Deposits 621704.02 642226.19 676030.14 703846.32 1106332.47
Borrowings 40763.34 60850.75 39325.92 50225.43 42840.31
Other Liabilities 15765.73 21678.86 14806.29 14236.68 20522.52
Total Liabilities 720330.55 765830.1 774949.46 830665.91 1260632.62
Assets
Balance with RBI 25210 28789.03 32129.13 38397.85 43958.83
Balance with Banks 63121.65 66672.97 43158.91 37595.18 67390.88
Investments 186725.44 200305.98 202128.22 240465.64 392983.25
Advances 419493.15 433734.72 458249.2 471827.72 674230.08
Net Block 6273.25 6349.33 6224.85 7239.07 11020.9
Other Assets 19507.06 29978.07 33059.15 35140.45 71048.68
Total Assets 720330.55 765830.1 774949.46 830665.91 1260632.62
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Promoters 83.19 85.59 85.59 76.87 76.87
president of india 85.59 85.59 0 0 0
central govt /state govt/... 0 0 0 0 73.15
president of india 85.59 85.59 0 0 0
central govt/state govt/p... 0 0 0 0 0
central government/ stat... 0 0 76.87 76.87 0
central government/ stat... 0 0 76.87 76.87 0
PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Public 6.8 6.64 7.45 9.3 11.12
qib 0 0.04 0.03 0.03 0
PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
FII/DII 10 7.78 6.97 13.8 12
life insurance corporatio... 4.26 4.19 7.73 7.63 8.34
hdfc trustee company ltd.... 1.32 0 0 0 0
life insurance corporatio... 4.26 4.19 7.73 7.63 8.34
hdfc trustee company ltd ... 0 0 0 0 0
life insurance corporatio... 4.26 4.19 7.73 7.63 8.34
societe generale - odi 0 0 1.05 1.05 0

Company Presentations

Company News

RBI imposes penalty of Rs 2 crore on Punjab National Bank 8 Jun 2021, 12:09PM PNB eyeing nearly three-fold jump in net profit to Rs 6,000 crore during current fiscal7 Jun 2021, 1:09PM PNB planning to pick stake in NARCL7 Jun 2021, 10:43AM Punjab National Bank informs about investor presentation5 Jun 2021, 12:47PM Punjab National Bank turns black in Q4 5 Jun 2021, 9:49AM Punjab National Bank informs about earnings call with analyst 4 Jun 2021, 3:59PM PNB to divest stake in Canara HSBC OBC Life Insurance 31 May 2021, 11:51AM Punjab National Bank raises Rs 1,800 crore17 May 2021, 1:28PM Punjab National Bank gets nod to raise equity capital from qualified institutional investors11 May 2021, 12:47PM Punjab National Bank informs about analysts meeting16 Apr 2021, 4:28PM PNB launches digital initiative PNB@Ease13 Apr 2021, 10:44AM PNB looking to hire non-judicial member to scrutinise proposals on compromise, write off3 Apr 2021, 11:44AM PNB sets up wholly-owned subsidiary18 Mar 2021, 9:08AM PNB signs MoU with IOC11 Feb 2021, 9:17AM PNB expecting to recover Rs 3,800 crore from Bhushan Power and Steel under debt resolution8 Feb 2021, 12:18PM PNB planning to raise Rs 3,200 crore from share sale in Q4FY218 Feb 2021, 10:15AM PNB turns black in Q36 Feb 2021, 10:44AM PNB raises Rs 495 crore through bonds23 Jan 2021, 10:11AM PNB enters into partnership with IIT Kanpur 8 Jan 2021, 10:01AM Punjab National Bank puts three stressed accounts for sale29 Dec 2020, 11:54AM PNB completes IT integration of all branches of two merged entities29 Dec 2020, 10:13AM PNB sets floor price for QIP at Rs 37.35 per share16 Dec 2020, 11:15AM PNB to hold roadshow for proposed Rs 7,000 crore QIP7 Dec 2020, 11:00AM Fitch ratings affirms ratings of Punjab National Bank4 Dec 2020, 3:45PM PNB completes IT integration of all branches of OBC with itself3 Dec 2020, 11:57AM PNB launches loan management solution 'LenS-The Lending Solution'2 Dec 2020, 11:50AM ICRA upgrades PNB's bonds rating 21 Nov 2020, 10:57AM RBI imposes penalty of Rs 1 crore on PNB21 Nov 2020, 10:41AM RBI imposes penalty of Rs 1 crore on PNB14 Nov 2020, 9:11AM PNB raises Rs 1,500 crore by issuing Basel III compliant bonds 12 Nov 2020, 9:19AM PNB planning to raise Rs 7,000 crore in December 4 Nov 2020, 10:01AM PNB reports 27% rise in Q2 consolidated net profit 3 Nov 2020, 11:38AM Ind-Ra upgrades PNB’s long-term issuer rating15 Oct 2020, 12:10PM PNB raises Rs 1500 crore through bonds14 Oct 2020, 5:11PM Punjab National Bank informs about credit rating6 Oct 2020, 1:41PM Punjab National Bank launches financial inclusion initiative 'Gram Sampark Abhiyan'3 Oct 2020, 11:26AM PNB launches festival bonanza offer, waives processing fees on some loans 10 Sep 2020, 9:13AM PNB expects to restructure loans worth Rs 40,000 crore25 Aug 2020, 9:57AM PNB provides help to fight against COVID-19 crisis21 Aug 2020, 2:31PM Punjab National Bank raises Rs 994 crore 30 Jul 2020, 3:33PM Punjab National Bank launches nationwide initiative to fight COVID-1920 Jul 2020, 4:38PM PNB planning to accelerate self-service, focus on automation13 Jul 2020, 4:28PM PNB reports fraud of Rs 3,688 crore in DHFL account10 Jul 2020, 11:44AM PNB gets nod to raise Rs 10,000 crore 10 Jul 2020, 9:37AM PNB planning to raise capital through mix of both equity, debt7 Jul 2020, 12:27PM PNB sanctions Rs 8,690 crore loans in 4,04,675 accounts under ECLGS7 Jul 2020, 9:37AM PNB sanctions loans to about 3 lakh MSMEs under credit guarantee scheme 29 Jun 2020, 9:16AM PNB looking to complete technology integration of OBC, United Bank of India by end of FY2124 Jun 2020, 1:31PM Punjab National Bank’s consolidated net loss narrows to Rs 820 crore in Q422 Jun 2020, 11:26AM Punjab National Bank planning to hit capital markets in Q4 22 Jun 2020, 11:12AM

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 80749.7666 Cr. revenue in the latest financial year. It has posted outstanding revenue growth of 18.9356440794004 % in last 3 Years.

  • In terms of advances, the bank reported 42.8975127493076 % YOY,  rise . If you see 3 years advance growth, it stands at 15.8407369000587 %.

  • Currently the company has a CASA ratio of 44.5420371556864 %. It’s overall cost of liability stands at 4.37469386865269 %. Also, the total deposits from these accounts stood at Rs 1106332.4728 Cr.

  • The Bank has a Poor ROA track record. The ROA of PNB is at 0.193336214167061 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 14.12 % and 5.73 % 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 positive at 39.2949234755102 % which means it has increased 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 surged and is currently at Rs 12811.853 Cr.

  • The company has a Good Capital Adequacy Ratio of 14.32 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently PNB is trading at a P/B of 0.5117 . The historical average PB was 0.68878863748076.

Brief about PNB

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