PNB

Punjab National Bank

NSE: PNB BSE: 532461 SECTOR: Bank - Public  233k   1k   541

51.30
-1.20 (-2.29%)
NSE: Today, 03:59 PM

Price Summary

Today's High

₹ 52.9

Today's Low

₹ 50.9

52 Week High

₹ 55.65

52 Week Low

₹ 28.05

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.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 56486.51 Cr.

CASA %

46.56

No. of Shares

1101.1 Cr.

P/E

27.58

P/B

0.62

Face Value

₹ 2

Div. Yield

1.22 %

Book Value (TTM)

₹  83.29

Net Interest Income

₹ 28694.46 Cr.

Cost To Income %

49.38

Promoter Holding

73.15 %

EPS (TTM)

₹  1.86

CAR %

14.5

ROE

4.02 %

ROCE

5.28%

Profit Growth

71 %

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* 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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Index Presence

The company is present in 26 Indices.

NIFTYJR

Nifty Next 50
43687.9
  540.800000000003 (1.2533866702513%)

BANKNIFTY

Nifty Bank
43231
  177.550000000003 (0.412394360962942%)

NIFTYMIDCAP

NIFTY Midcap 100
32037.9
  360.600000000002 (1.13835459461509%)

NIFTY100WEIGHT

Nifty100 Equal Weight
21396.5
  216.25 (1.0209983357137%)

NIFTY100

Nifty 100
18919.55
  161.200000000001 (0.859350635850165%)

NIFTY500

Nifty 500
15946.15
  133.699999999999 (0.845536270470415%)

NIFTYMIDCAP150

Nifty Midcap 150
12093.5
  110.4 (0.921297493970674%)

NIFTYMIDSMALL400

Nifty MidSmallcap 400
11220.05
  87.2999999999993 (0.784172823426377%)

NIFTYLGEMID250

NIFTY LargeMidcap 250
10415.9
  91.8999999999996 (0.890158853157685%)

NY500MUL50:25:25

Nifty500 Multicap 50:25:25
10330.2
  80.8000000000011 (0.788338829590041%)

NIFTY200

Nifty 200
9876.55
  87.5499999999993 (0.894371233016633%)

NIFTYTOTALMCAP

Nifty Total Market index
8877
  74.5 (0.846350468616874%)

MIDCAP50

Nifty Midcap 50
8855.6
  91.25 (1.04114965741897%)

NIFTYPSUBANK

Nifty PSU Bank
4000.75
  -54.6999999999998 (-1.34880222909911%)

NIFTYHOUSING

Nifty Housing Index
8309.9
  3.61999999999898 (0.0435814829261583%)

NIFTYHIGHBETA

Nifty High Beta 50
2264.24
  -2.44000000000005 (-0.107646425609265%)

BSE500

S&P Bse 500
25406.76
  215.489999999998 (0.855415387949865%)

BSEPSU

S&P Bse PSU
10021.1
  13.4600000000009 (0.134497244105503%)

BSE200

S&P Bse 200
8117.4
  71.8299999999999 (0.892789448106224%)

LMI250

S&P Bse 250 LargeMidCap
7666.93
  66.5799999999999 (0.876012288907746%)

ALLCAP

S&P Bse Allcap
7293.89
  61.8600000000006 (0.855361496011509%)

LRGCAP

S&P Bse LargeCap
7252.33
  62.1899999999996 (0.864934479718049%)

BSE100LARGECAPTMC

S&P Bse 100 LargeCap TMC
6897.13
  58.8599999999997 (0.860744018589488%)

SPBSEVIP

S&P Bse Enhanced Value
474.51
  3.21999999999997 (0.683231131575024%)

FIN

S&P Bse Finance
8996.01
  7.60000000000036 (0.0845533303442947%)

S&P LARGEMIDCAP

S&P Bse Large MidCap
7556.55
  16.6800000000003 (0.221223973357643%)

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.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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

 Group Companies

Track the companies of Group.

Ratios

ROE%

1 Year4.02%
3 Year2.52%
5 Year-10.05%

ROA%

1 Year0.27%
3 Year0.17%
5 Year-0.49%

Net NPA%

1 Year4.8%
3 Year5.44%
5 Year6.82%

 NIM

1 Year2.33%
3 Year2.38%
5 Year2.3%

CAR %

14.5

Cost of Liabilities %

3.87491249832214

PEG Ratio

0.44

Advances Growth %

8.00254937958194

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2022 73.15 0
Jun 2022 73.15 0
Mar 2022 73.15 0
Dec 2021 73.15 0
Sep 2021 73.15 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • CASA stands at 46.5578109378916% of total deposits.
  • The company has delivered good Profit growth of 32.8851191559156% over the past 3 years.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is 0.167889980793555%
  • Company has a low ROE of 2.51896633192629% over the last 3 years.
  • The Bank has a high NPA ; Average NPA of the last 3 years stands at 5.43666666666667%.
  • High Cost to income ratio of 49.3792085535423%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Interest Earned 17980.37 19325.43 18645.12 18757.04 20154.02
Other Income 3281.95 2700.59 2450.05 2536.99 2847.24
Interest Expended 11627.56 11522.19 11340.99 11214.2 11883.34
Operating Expenses 5613.64 5427.52 4489.42 4700.62 5550.71
Total Provisions 3261.37 3353.55 4851.47 4790.19 4906.38
Profit Before Tax 759.75 1722.76 413.29 589.02 660.83
Tax -345.4 595.98 211.72 280.58 249.56
Net Profit 1105.15 1126.78 201.57 308.44 411.27
Net NPA % 5.49 4.9 4.8 4.28 3.8
Gross NPA % 13.63 12.88 11.78 11.27 10.48
Return on Assets % 0.33 0.34 0.06 0.09 0.12
NPM % 6.15 5.83 1.08 1.64 2.04

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Interest Earned 47995.77 51310.25 53800.03 80818.4 74879.54
Other Income 8880.87 7377.41 9274.13 11922.31 12319.96
Interest Expended 33073.36 34153.94 36362.24 50272.79 46185.08
Operating Expenses 13509.07 11538.48 11973.37 20308.75 20252.6
Total Provisions 29869.28 28341.01 13999.56 18679.78 16445.43
Profit Before Tax -19575.08 -15345.77 738.98 3479.4 4316.39
Taxes -7292.26 -5370.28 402.79 1457.78 859.43
Net Profit -12282.82 -9975.49 336.19 2021.62 3456.96
Adjusted EPS (Rs.) -44.49 -21.67 0.5 1.93 3.14

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 552.11 920.81 1347.51 2095.54 2202.2
Total Reserves 40522.19 43866.32 61009.97 88841.77 93284.69
Deposits 642226.19 676030.14 703846.32 1106332.47 1146218.45
Borrowings 60850.75 39325.92 50225.43 42840.31 45681.41
Other Liabilities 21678.86 14806.29 14236.68 20522.52 27418.27
Total Liabilities 765830.1 774949.46 830665.91 1260632.62 1314805.02
Assets
Balance with RBI 28789.03 32129.13 38397.85 43958.83 56636.12
Balance with Banks 66672.97 43158.91 37595.18 67390.88 76010.66
Investments 200305.98 202128.22 240465.64 392983.25 372167.76
Advances 433734.72 458249.2 471827.72 674230.08 728185.68
Net Block 6349.33 6224.85 7239.07 11020.9 10673.61
Other Assets 29978.07 33059.15 35140.45 71048.68 71131.2
Total Assets 765830.1 774949.46 830665.91 1260632.62 1314805.02
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Sep 2021% Dec 2021% Mar 2022% Jun 2022% Sep 2022%
Promoters 73.15 73.15 73.15 73.15 73.15
president of india - - - 62.25 57.04
central govt /stat... 70.22 - 62.25 - -
central government... - - - - -
government of indi... - - - - -
government of indi... - - - - -
central govt/state... - 66.09 - - -
PARTICULARS Sep 2021% Dec 2021% Mar 2022% Jun 2022% Sep 2022%
Investors 26.85 26.85 26.85 26.85 26.85
life insurance cor... 8.89 11.00 12.24 12.24 13.93
hdfc trustee compa... - - 3.89 - 4.21
hdfc trustee compa... - - - 3.86 -
hdfc trustee compa... - 3.45 - - -
hdfc trustee compa... 2.77 - - - -
lazard emerging ma... - - 1.95 1.64 2.21
reliance capital t... - - 1.03 - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

PNB gets approval from DIPAM to divest stake in UTI AMC 25 Nov 2022, 12:44PM PNB launches special fixed deposit scheme for 600 days 14 Nov 2022, 3:07PM Punjab National Bank reports 70% fall in Q2 consolidated net profit1 Nov 2022, 5:19PM PNB - Quaterly Results1 Nov 2022, 1:54PM PNB - Quaterly Results1 Nov 2022, 1:54PM PNB - Quaterly Results1 Nov 2022, 1:54PM Punjab National Bank informs about newspaper publication 31 Oct 2022, 4:34PM PNB rolls out WhatsApp banking for customers, non-customers4 Oct 2022, 9:58AM Punjab National Bank to sell entire stake in ARCIL 30 Sep 2022, 4:00PM Punjab National Bank raises Rs 658 crore through bonds 22 Sep 2022, 12:30PM PNB to sell NPA account Apollo Distilleries & Breweries27 Aug 2022, 12:52PM PNB rolls out pre-qualified credit card23 Aug 2022, 9:37AM Punjab National Bank partners with Indian Coast Guard19 Aug 2022, 2:57PM Punjab National Bank informs about analyst meet30 Jul 2022, 12:55PM PNB aiming Rs 32,000 crore recoveries from resolution of bad loans in current fiscal30 Jul 2022, 12:32PM PNB - Quaterly Results28 Jul 2022, 7:40PM PNB - Quaterly Results28 Jul 2022, 7:40PM PNB enters into MoU with Assam Rifles 20 Jul 2022, 9:26AM PNB’s arm declares bonus of Rs 594 crore in FY22 to eligible policyholders15 Jul 2022, 11:18AM PNB goes live on Account Aggregator platform14 Jul 2022, 3:00PM Punjab National Bank informs about confirmation certificate8 Jul 2022, 3:46PM Punjab National Bank inks MoU with Indian Air Force 7 Jul 2022, 2:43PM PNB raises Rs 2,000 crore by issuing Basel III compliant bonds7 Jul 2022, 2:05PM Punjab National Bank informs about loss of share certificate24 Jun 2022, 3:38PM Punjab National Bank informs about credit rating24 Jun 2022, 1:44PM Punjab National Bank discontinues incentive on fuel purchases via digital modes17 Jun 2022, 9:41AM PNB gets nod for investment of up to Rs 500 crore in rights issue of PNB Housing Finance8 Jun 2022, 10:42AM PNB earns over Rs 645 crore through ATM transaction charges in FY2223 May 2022, 9:39AM PNB’s arm launches dental health insurance plan17 May 2022, 10:30AM Punjab National Bank aiming to bring down gross non-performing assets: Report13 May 2022, 11:07AM Punjab National Bank informs about audio recording of the earnings call13 May 2022, 9:37AM PNB reports 55% fall in Q4 consolidated net profit12 May 2022, 11:06AM PNB - Quaterly Results11 May 2022, 8:13PM PNB - Quaterly Results11 May 2022, 8:13PM Punjab National Bank informs about updates on board meeting9 May 2022, 11:42AM PNB rolls out cardless cash withdrawal facility13 Apr 2022, 9:38AM Punjab National Bank informs about change in directorate12 Apr 2022, 4:02PM Punjab National Bank opens international banking unit at GIFT City in Gujarat9 Apr 2022, 9:51AM PNB makes PPS mandatory for cheque of Rs 10 lakh and above5 Apr 2022, 10:18AM PNB gets nod to raise Rs 12000 crore via bonds30 Mar 2022, 9:07AM PNB acquires 6% stake in ONDC 25 Mar 2022, 9:24AM Reserve Bank assigns lead bank responsibility to PNB for newly-created district of Meghalaya24 Mar 2022, 11:38AM PNB planning to raise capital via bonds22 Mar 2022, 9:25AM PNB reports borrowal fraud of Rs 2060.14 crore to RBI 16 Mar 2022, 11:37AM Punjab National Bank submits disclosure12 Mar 2022, 10:19AM PNB awaiting govt, RBI guidelines on SWIFT transactions with Russian entities7 Mar 2022, 11:56AM PNB, Patanjali launch credit card with triple benefits 4 Mar 2022, 11:38AM Punjab National Bank looking to further dilute its stake in UTI Mutual Fund28 Jan 2022, 6:23PM PNB raises Rs 1971 crore through bonds18 Jan 2022, 9:59AM Punjab National Bank informs about confirmation certificate7 Jan 2022, 4:22PM

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 74879.5369 Cr. revenue in the latest financial year. It has posted decent revenue growth of 13.4277012427253 % in last 3 Years.

  • In terms of advances, the bank reported 8.00254937958194 % YOY,  rise . If you see 3 years advance growth, it stands at 16.6935371135564 %.

  • Currently the company has a CASA ratio of 46.5578109378916 %. It’s overall cost of liability stands at 3.87491249832214 %. Also, the total deposits from these accounts stood at Rs 1146218.4496 Cr.

  • The Bank has a Poor ROA track record. The ROA of PNB is at 0.268456401231105 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 11.78 % and 4.8 % 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 -11.9613324570132 % 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 surged and is currently at Rs 12319.9579 Cr.

  • The company has a Good Capital Adequacy Ratio of 14.5 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently PNB is trading at a P/B of 0.6159 . The historical average PB was 0.608812214371845.

Brief about PNB

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