Punjab & Sind Bank

NSE: PSB BSE: 533295 SECTOR: Bank - Public  25k   84   19

28.55
+0.20 (0.71%)
NSE: 30 Jan 03:56 PM

Price Summary

Today's High

₹ 29.5

Today's Low

₹ 27.6

52 Week High

₹ 44.75

52 Week Low

₹ 13

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
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

19350.58 Cr.

CASA %

33.81

No. of Shares

677.78 Cr.

P/E

16.1

P/B

1.41

Face Value

₹ 10

Div. Yield

1.07 %

Book Value (TTM)

₹  20.26

Net Interest Income

2651.31 Cr.

Cost To Income %

63.16

Promoter Holding

98.25 %

EPS (TTM)

₹  1.77

CAR %

18.54

ROE

10.12 %

ROCE

10.37%

Profit Growth

138.02 %

* 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. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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

 Group Companies

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Ratios

ROE%

1 Year10.12%
3 Year-18.66%
5 Year-16.15%

ROA%

1 Year0.9%
3 Year-0.88%
5 Year-0.77%

Net NPA%

1 Year2.74%
3 Year4.94%
5 Year5.79%

 NIM

1 Year2.36%
3 Year2.27%
5 Year2.23%

CAR %

18.54

Cost of Liabilities %

4.24982589871444

PEG Ratio

0.13

Advances Growth %

4.40562013051221

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 98.25 0
Sep 2022 98.25 0
Jun 2022 98.25 0
Mar 2022 98.25 0
Dec 2021 97.07 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Good Capital Adequacy Ratio of 18.54%.
  • The company has delivered good Profit growth of 57.5655121229723% over the past 3 years.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is -0.879685412674843%
  • CASA Growth of 0.9987921830066% YoY, which is very low.
  • Company has a low ROE of -18.6574387352886% over the last 3 years.
  • The Bank has a high NPA ; Average NPA of the last 3 years stands at 4.93666666666667%.
  • High Cost to income ratio of 63.162463475852%.
  • The company has delivered poor Income growth of -6.05676689107524% over the past 3 years.
  • Poor Advances growth of -2.74872272204229% in last 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Interest Earned 1871.18 1793.29 1800.47 1979.88 2107.44
Other Income 170.85 214.61 115 140.29 137.63
Interest Expended 1113.56 1095.73 1091.01 1204.74 1302.44
Operating Expenses 596.1 594.68 572.49 597.8 598.3
Total Provisions 26.35 -131.56 -30.23 124.91 -207.46
Profit Before Tax 306.02 449.05 282.2 192.72 551.79
Tax 5.2 102.95 77.5 -85.38 178.55
Net Profit 300.82 346.1 204.7 278.1 373.24
Net NPA % 3.01 2.74 2.56 2.24 2.02
Gross NPA % 14.44 12.17 11.34 9.67 8.36
Return on Assets % 0.98 1.1 0.64 0.84 1.11
NPM % 16.08 19.3 11.37 14.05 17.71

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Interest Earned 7948.75 8558.67 7929.53 6973.91 7095.81
Other Income 581.2 828.28 897.4 903.61 959.38
Interest Expended 5713.56 6278.97 5871.98 4712 4444.5
Operating Expenses 1671.68 1711.12 1858.03 2393.5 2280.6
Total Provisions 1982.16 2168.4 2619.27 4176.27 143.41
Profit Before Tax -837.45 -771.54 -1522.36 -3404.24 1186.68
Taxes -93.65 -228.06 -531.56 -671.34 147.63
Net Profit -743.8 -543.48 -990.8 -2732.9 1039.05
Adjusted EPS (Rs.) -13.17 -9.62 -14.13 -6.74 1.53

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 564.91 564.91 701.05 4052.67 6777.79
Total Reserves 5617.77 5136.49 4895.34 4310.35 7232.8
Deposits 101726.17 98557.6 89667.55 96108.18 102137.01
Borrowings 3682.98 2714 3213.05 2643.55 2443.63
Other Liabilities 2167.41 2009.04 2026.81 3367.14 2476.31
Total Liabilities 113759.24 108982.05 100503.81 110481.89 121067.55
Assets
Balance with RBI 6256.38 4941.08 9488.4 7208.52 6139.24
Balance with Banks 876.31 1677.14 89.85 1130.93 148.99
Investments 32981.76 26172.93 24552.1 32022.77 42280.87
Advances 66569.45 69175.53 58411.91 60941.7 63626.56
Net Block 1082.6 1230.38 1240.83 1584.91 1577.44
Other Assets 5992.75 5784.98 6720.72 7593.05 7294.44
Total Assets 113759.24 108982.05 100503.81 110481.89 121067.55
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 97.07 98.25 98.25 98.25 98.25
president of india 83.06 83.06 83.06 80.28 79.62
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 2.93 1.75 1.75 1.75 1.75
life insurance cor... 5.99 5.99 5.99 6.98 -
life insurance cor... 5.99 5.99 5.99 6.98 -
life insurance cop... - - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

  • PresentationQ1FY23 4 Aug 2022
  • PresentationQ1FY22 4 Aug 2021
  • PresentationQ3FY20 24 Sep 2020
  • PresentationQ4FY21 23 May 2021
  • PresentationQ3FY22 11 Feb 2022

Company News

Punjab & Sind Bank eyeing Rs 500 crore recovery from NPAs in fourth quarter30 Jan 2023, 12:11PM Punjab & Sind Bank reports 24% rise in Q3 net profit21 Jan 2023, 4:52PM Punjab & Sind Bank - Quaterly Results21 Jan 2023, 3:50PM Punjab & Sind Bank - Quaterly Results21 Jan 2023, 3:50PM Punjab & Sind Bank - Quaterly Results21 Jan 2023, 3:50PM Punjab & Sind Bank, Bajaj Allianz Life Insurance enter into corporate agency partnership13 Jan 2023, 11:50AM Punjab & Sind Bank records 17% growth in gross advances during Q3FY234 Jan 2023, 11:42AM Punjab & Sind Bank informs about interest payment of bonds 3 Jan 2023, 3:06PM Punjab & Sind Bank, SBI Card launch Co-brand Credit Cards30 Dec 2022, 11:30AM Punjab & Sind Bank informs about trading window closure28 Dec 2022, 2:11PM Punjab & Sind Bank planning to raise funds through various modes 27 Dec 2022, 6:05PM Punjab & Sind Bank aiming CASA ratio of 35% by end of ongoing fiscal 6 Dec 2022, 11:17AM Punjab & Sind Bank eyeing to clock net profit of around Rs 1,100 crore in FY2321 Nov 2022, 11:09AM Punjab & Sind Bank reports 27% rise in Q2 net profit5 Nov 2022, 4:08PM Punjab & Sind Bank informs about investor presentation5 Nov 2022, 3:35PM Punjab & Sind Bank - Quaterly Results5 Nov 2022, 12:13PM Punjab & Sind Bank - Quaterly Results5 Nov 2022, 12:13PM Punjab & Sind Bank - Quaterly Results5 Nov 2022, 12:13PM Punjab & Sind Bank informs about appointment of CFO1 Sep 2022, 4:56PM Punjab & Sind Bank informs about crisil ratings29 Aug 2022, 10:37AM Punjab & Sind Bank reports 18% rise in Q1 net profit2 Aug 2022, 2:27PM Punjab & Sind Bank - Quaterly Results1 Aug 2022, 1:56PM Punjab & Sind Bank - Quaterly Results1 Aug 2022, 1:56PM Punjab & Sind Bank - Quaterly Results1 Aug 2022, 1:56PM Punjab & Sind Bank informs about revised schedule of conference call1 Aug 2022, 1:19PM Punjab & Sind Bank informs about AGM update13 Jun 2022, 5:06PM RBI imposes penalty of Rs 27.5 lakh on Punjab & Sind Bank4 Jun 2022, 9:34AM Punjab & Sind Bank informs about newspaper publication20 May 2022, 3:43PM Punjab & Sind Bank - Quaterly Results19 May 2022, 2:45PM Punjab & Sind Bank - Quaterly Results19 May 2022, 2:45PM Punjab & Sind Bank - Quaterly Results19 May 2022, 2:45PM Punjab & Sind Bank declares SREI Infrastructure Finance, SREI Equipment Finance accounts as fraud 20 Apr 2022, 12:28PM Punjab & Sind Bank inks pact to offload 5% stake in ISARCL8 Apr 2022, 9:21AM Punjab & Sind Bank informs about disclosure5 Apr 2022, 12:32PM Punjab & Sind Bank informs about trading window closure25 Mar 2022, 4:59PM Punjab & Sind Bank inks pact to buy 2% stake in NARCL12 Mar 2022, 10:10AM Punjab & Sind Bank gets nod to raise Rs 4,600 crore 17 Feb 2022, 3:08PM Punjab & Sind Bank informs about MCLR updates16 Feb 2022, 5:26PM Punjab & Sind Bank turns black in Q37 Feb 2022, 3:10PM Punjab & Sind Bank - Quaterly Results7 Feb 2022, 2:02PM Punjab & Sind Bank - Quaterly Results7 Feb 2022, 2:02PM Punjab & Sind Bank - Quaterly Results7 Feb 2022, 2:02PM Punjab & Sind Bank informs about compliance certificate4 Jan 2022, 1:52PM Punjab & Sind Bank informs about trading window closure29 Dec 2021, 2:58PM Punjab & Sind Bank informs about disclosure29 Dec 2021, 2:42PM Punjab & Sind Bank turns black in Q21 Nov 2021, 4:28PM Punjab & Sind Bank - Quaterly Results1 Nov 2021, 1:48PM Punjab & Sind Bank inks alliance with Indiabulls Commercial Credit and Indiabulls Housing Finance14 Sep 2021, 1:18PM Punjab & Sind Bank sets off accumulated losses of Rs 3,577 crore24 Aug 2021, 12:04PM Punjab & Sind Bank informs about reviewed unaudited financial results 30 Jul 2021, 12:13PM

Punjab & Sind Bank Stock Price Analysis and Quick Research Report. Is Punjab & Sind Bank 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 Punjab & Sind Bank is performing and if it is the right time to buy the stock of Punjab & Sind Bank with detailed analysis.

  •  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Punjab & Sind Bank has earned Rs 7095.8102 Cr. revenue in the latest financial year. It has posted Poor revenue growth of -6.05676689107524 % in last 3 Years.

  • In terms of advances, the bank reported 4.40562013051221 % YOY,  rise . If you see 3 years advance growth, it stands at -2.74872272204228 %.

  • Currently the company has a CASA ratio of 33.8059810520797 %. It’s overall cost of liability stands at 4.24982589871444 %. Also, the total deposits from these accounts stood at Rs 102137.014 Cr.

  • The Bank has a Poor ROA track record. The ROA of Punjab & Sind Bank is at 0.897479723764746 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 12.17 % and 2.74 % 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 -96.566074511466 % 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 Punjab & Sind Bank surged and is currently at Rs 959.3786 Cr.

  • The company has a Good Capital Adequacy Ratio of 18.54 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently Punjab & Sind Bank is trading at a P/B of 1.387 . The historical average PB was 0.533573569092583.

Brief about Punjab & Sind Bank

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