Banks
Valuation | |
|---|---|
| Market Cap | 1.38 LCr |
| Price/Earnings (Trailing) | 7.47 |
| Price/Sales (Trailing) | 0.92 |
| EV/EBITDA | 1.21 |
| Price/Free Cashflow | 6.05 |
| MarketCap/EBT | 5.22 |
| Enterprise Value | 1.38 LCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -9.2% |
| Price Change 1M | -0.60% |
| Price Change 6M | 10.8% |
| Price Change 1Y | 20.8% |
| 3Y Cumulative Return | 29.4% |
| 5Y Cumulative Return | 28.3% |
| 7Y Cumulative Return | 6.6% |
| 10Y Cumulative Return | 2.7% |
| Revenue (TTM) |
| 1.5 LCr |
| Rev. Growth (Yr) | 7.4% |
| Earnings (TTM) | 16.51 kCr |
| Earnings Growth (Yr) | 11.6% |
Profitability | |
|---|---|
| Operating Margin | 19% |
| EBT Margin | 18% |
| Return on Equity | 0.86% |
| Return on Assets | 0.86% |
| Free Cashflow Yield | 16.54% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -1.58 kCr |
| Cash Flow from Operations (TTM) | 22.08 kCr |
| Cash Flow from Financing (TTM) | -1.14 kCr |
| Free Cash Flow (TTM) | 22.08 kCr |
| Free Cash Flow/Share (TTM) | 19.21 |
Balance Sheet | |
|---|---|
| Total Assets | 19.21 LCr |
| Shareholder Equity | 19.21 LCr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | -0.7 |
| Interest/Cashflow Ops | 1.26 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 2.9 |
| Dividend Yield | 2.32% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 4.4% |
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Profitability: Recent profitability of 11% is a good sign.
Past Returns: Outperforming stock! In past three years, the stock has provided 29.4% return compared to 11.4% by NIFTY 50.
Balance Sheet: Strong Balance Sheet.
Size: It is among the top 200 market size companies of india.
Growth: Good revenue growth. With 62.4% growth over past three years, the company is going strong.
Dividend: Dividend paying stock. Dividend yield of 2.32%.
Momentum: Stock has a weak negative price momentum.
Smart Money: Smart money is losing interest in the stock.
Technicals: SharesGuru indicator is Bearish.
Insider Trading: Significant insider selling noticed recently.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Profitability: Recent profitability of 11% is a good sign.
Past Returns: Outperforming stock! In past three years, the stock has provided 29.4% return compared to 11.4% by NIFTY 50.
Balance Sheet: Strong Balance Sheet.
Size: It is among the top 200 market size companies of india.
Growth: Good revenue growth. With 62.4% growth over past three years, the company is going strong.
Dividend: Dividend paying stock. Dividend yield of 2.32%.
Momentum: Stock has a weak negative price momentum.
Smart Money: Smart money is losing interest in the stock.
Technicals: SharesGuru indicator is Bearish.
Insider Trading: Significant insider selling noticed recently.
Investor Care | |
|---|---|
| Dividend Yield | 2.32% |
| Dividend/Share (TTM) | 2.9 |
| Shares Dilution (1Y) | 0.00% |
Financial Health | |
|---|---|
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 41.04 |
| RSI (5d) | 8.04 |
| RSI (21d) | 48.83 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal | Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
Updated Aug 4, 2025
Shares of PNB Housing Finance fell by 18% following the announcement of CEO Girish Kousgi's resignation, marking a significant decline.
Punjab National Bank reported a 48% drop in standalone net profit for Q1, leading to a decline in share prices by over 1%.
The company's stock price has seen an 11% year-to-date loss, reflecting a negative sentiment among investors.
Summary of Punjab National Bank's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management's outlook for Punjab National Bank (PNB) reflects confidence in growth, profitability, and asset quality for the upcoming quarters. As of September 30, 2025, PNB reported a global gross business of INR 27.87 trillion, marking a year-on-year growth of 10.6%. Global deposits reached INR 16.17 trillion with a growth rate of 10.9%, and global advances totaled INR 11.7 trillion, growing by 10.1%. Key forward-looking points include:
Credit Growth: PNB aims for 11-12% credit growth for FY '26 and has sanctioned credit lines worth INR 1.78 lakh crore, awaiting disbursement. The Management indicated substantial expected growth in the corporate loan book, which grew 3% quarter-on-quarter.
Net Interest Margin (NIM): Domestic NIM for Q2 FY '26 stood at 2.72%, with expectations of improvement in Q3 and Q4 driven by deposit repricing and the impact of CRR cuts. Management projects a cumulative improvement of 10-15 basis points in NIM over the next two quarters.
Profitability: Operating profit for Q2 was INR 7,227 crores, up from INR 6,853 crores a year prior, with net profit soaring to INR 4,904 crores, reflecting a 14% year-on-year increase. ROA improved to 1.05% with expectations of reaching 1.10% in the ongoing financial year.
Asset Quality: Gross NPA fell to 3.45% from 4.48% YoY, with net NPA at 0.36%. PNB is targeting a slippage ratio below 1% for FY '26 and reported total recoveries of INR 3,920 crores in Q2.
Digital Initiatives: The bank's digital transformation is focused on enhancing retail and customer service, with a substantial increase in digital transactions noted.
Resilience: PNB emphasized the strength of its lending standards, with net NPA in recently disbursed loans at 0.41%, reflecting robust underwriting standards.
Overall, PNB is positioned for sustainable growth, aimed at strengthening its market share across segments and improving profitability while ensuring asset quality stability.
Understand Punjab National Bank ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Central Government (President Of India) | 70.08% |
| Life Insurance Corporation Of India | 8.85% |
| Sbi Contra Fund | 2.67% |
| Foreign Bank | 0% |
| Foreign Institution Investor | 0% |
| Clearing Member- Individual | 0% |
| Clearing Member- Corporate | 0% |
Detailed comparison of Punjab National Bank against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| SBIN | State Bank Of India | 9.5 LCr | 6.9 LCr | +6.20% | +38.00% | 9.3 | 1.38 | - | - |
| BANKBARODA | Bank Of Baroda | 1.53 LCr | 1.54 LCr |
Comprehensive comparison against sector averages
PNB metrics compared to Banks
| Category | PNB | Banks |
|---|---|---|
| PE | 7.47 | 9.82 |
| PS | 0.92 | 1.19 |
| Growth | 10.1 % | 6.9 % |
Punjab National Bank (PNB) is a prominent Public Sector Bank in India, with a substantial market capitalization of Rs. 117,423 Crores. Established in 1895 and headquartered in New Delhi, it provides a wide range of banking and financial products and services.
The bank operates through several segments including:
In the retail sector, PNB offers personal banking products such as savings accounts, current accounts, fixed deposits, and various loan options like housing, vehicle, education, and gold loans. Additionally, it supports micro, small, and medium enterprises with dedicated schemes and loans.
For corporate clients, PNB provides diverse banking solutions including loans against future lease rentals, working capital financing, and international banking products and services. Furthermore, it has tailored offerings for government customers and agricultural sectors.
PNB also extends its services to include life and general insurance, mutual funds, merchant banking, and innovative banking technology solutions such as mobile and internet banking, ATM services, and payment acceptance solutions.
With a network of branches across India, as well as locations in Dubai and representative offices in Bangladesh and Myanmar, Punjab National Bank is well positioned to serve its customers.
In terms of financial performance, PNB has shown impressive growth, recording a revenue of Rs. 136,134.3 Crores over the trailing 12 months, along with a profit of Rs. 15,897.6 Crores. The bank has experienced a revenue growth rate of 52.2% over the past three years and maintains a dividend yield of 2.11% per year, returning Rs. 2.15 per share to its investors.
Despite diluting shareholdings by 4.4% in the past three years, Punjab National Bank continues to be a profitable entity, catering to a diverse clientele while enhancing its financial standing.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
PNB vs Banks (2021 - 2026)
Despite the resignation of CEO Girish Kousgi, the company maintains that its strategic priorities and growth outlook remain unchanged.
General • 23 Jan 2026 Notice of Strike |
Investor Presentation • 19 Jan 2026 Investor Presentation - Revised |
Investor Presentation • 19 Jan 2026 Investor Presentation |
Press Release / Media Release • 19 Jan 2026 Press Release on the Unaudited (Reviewed) Financial Results for quarter / nine months ended 31.12.2025 |
Analyst / Investor Meet • 19 Jan 2026 Audio/Video recording of Earnings Call with Analysts/Investors on the Unaudited (Reviewed) Financial Results for the quarter/nine-months ended 31st December, 2025 |
Analyst / Investor Meet • 13 Jan 2026 Earnings Call with Analysts / Investors on Financial Results for the quarter / nine-months ended 31st December, 2025 |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Question by Ashok Ajmera: "Are we on target for credit growth of 12% as the current six months of FY '26 only have 5.5 months left? What is our sanction book pipeline?"
Answer Ashok Chandra: We're confident in achieving 11-12% credit growth. Our retail advances grew by 18%, agriculture by 13%, and MSME by 18.6%. Our corporate loan book grew by 7.9%, showing improvement. We have a sanction book totaling INR 178,000 crores awaiting disbursement. This includes project loans of about 40%, which will support our growth in Q3 and Q4.
Question by Mahrukh Adajania: "What is your outlook on margins? They fell about 10 basis points on a global level Q-o-Q."
Answer Ashok Chandra: Q1 and Q2 were challenging due to a 100 basis point repo rate cut. However, our cost of deposits is decreasing. I expect NIM improvement of at least 5 basis points in Q3 and more than 10 basis points in Q4 as the deposit repricing benefits materialize.
Question by Piran Engineer: "Can we see a 5-10 bps per quarter NIM improvement for the next two quarters?"
Answer Ashok Chandra: I anticipate at least 5 basis points improvement in Q3 and over 10 basis points in Q4, due to the full repricing of one-year deposits, which will yield significant benefits.
Question by Harsh Modi: "What are the ROA and ROE targets for FY '26 and FY '27?"
Answer Ashok Chandra: We're targeting an ROA of around 1.10% for this financial year, with expectations for improvement beyond that in the next years as profitability enhances due to improved margins.
Question by Ankit: "What reasons can you provide for the increase in slippages this quarter?"
Answer Ashok Chandra: Our slippages were INR 1,955 crores, down from INR 2,181 crores last year. We remain within our guidance of below 1%. There's no cause for concern; slippages are still manageable compared to our total loan book.
Question by Zhixuan Gao: "Was the INR 1,500 crore other provision due to the IL&FS provision?"
Answer Ashok Chandra: Yes, the provision moved from NPA to standard asset classification. The adjustment was necessary for that particular account, but we haven't factored it as a write-back yet.
Question by Yash Agarwal: "What is the proportion of deposits yet to be repriced?"
Answer Ashok Chandra: About 60% of our term deposits will be repriced soon. We're expecting significant NIM and NII improvements in Q3 and Q4, with the remaining 30%-40% repriced in this period.
Question by Shreejit Nair: "Did you mention that INR 1,200 crores of NPA provision moved to standard asset provision?"
Answer Ashok Chandra: Correct, that is due to an upgrade in a legacy account. These movements typically reflect the functioning of our provisioning strategy and overall asset quality management.
Please let me know if you need more information or specific details.
Distribution across major stakeholders
Distribution across major institutional holders
| +1.90% |
| +29.20% |
| 6.19 |
| 0.99 |
| - |
| - |
| CANBK | Canara Bank | 1.38 LCr | 1.61 LCr | +1.40% | +54.70% | 5.99 | 0.85 | - | - |
| UNIONBANK | Union Bank of India | 1.32 LCr | 1.31 LCr | +14.60% | +57.50% | 6.24 | 1.01 | - | - |
| INDIANB | Indian Bank | 1.18 LCr | 76.87 kCr | +12.80% | +69.60% | 7.74 | 1.54 | - | - |
| Employees cost | -1.5% | 5,147 | 5,227 | 5,845 | 5,312 | 5,798 | 4,593 |
| Other operating expenses | -16.7% | 3,021 | 3,625 | 2,926 | 2,585 | 2,514 | 2,977 |
| Operating expenses | -7.7% | 8,168 | 8,852 | 8,771 | 7,897 | 8,312 | 7,570 |
| Operating profit | 3.4% | 7,570 | 7,319 | 6,888 | 6,652 | 7,009 | 6,654 |
| Provisions other than tax and contingencies | 228.2% | 1,130 | 345 | 371 | -403.42 | 280 | 903 |
| Profit before tax | -7.6% | 6,440 | 6,973 | 6,518 | 7,055 | 6,729 | 5,751 |
| Tax expense | -75.7% | 1,250 | 5,141 | 1,875 | 2,406 | 2,297 | 2,035 |
| Profit after tax | 183.4% | 5,190 | 1,832 | 4,643 | 4,649 | 4,432 | 3,716 |
| Net profit (loss) for the period | 183.4% | 5,190 | 1,832 | 4,643 | 4,649 | 4,432 | 3,716 |
| Profit (loss) of minority interest | -56.5% | 21 | 47 | 22 | 10 | 25 | 16 |
| Reserve excluding revaluation reserves | - | - | - | - | - | - | - |
| CET 1 ratio | -0.5% | 0.1254 | 0.1298 | 0.1238 | 0.1067 | 0.1164 | 0.1101 |
| Additional tier 1 ratio | -0.1% | 0.0161 | 0.0167 | 0.0172 | 0.0188 | 0.0204 | 0.0208 |
| Other income |
| 21.9% |
| 16,309 |
| 13,384 |
| 12,143 |
| 12,320 |
| 12,812 |
| 9,274 |
| Total income | 14.8% | 138,070 | 120,285 | 97,287 | 87,199 | 93,562 | 63,074 |
| Total expenditure | 16.7% | 111,239 | 95,354 | 74,758 | 66,438 | 70,582 | 48,336 |
| Interest expended | 18.2% | 78,979 | 66,819 | 50,652 | 46,185 | 50,273 | 36,362 |
| Employees cost | 15.5% | 21,358 | 18,486 | 14,810 | 11,841 | 12,176 | 6,962 |
| Other operating expenses | 8.5% | 10,903 | 10,049 | 9,295 | 8,412 | 8,133 | 5,012 |
| Operating expenses | 13.1% | 32,261 | 28,536 | 24,105 | 20,253 | 20,309 | 11,973 |
| Operating profit | 7.6% | 26,831 | 24,931 | 22,529 | 20,762 | 22,980 | 14,739 |
| Provisions other than tax and contingencies | -85.7% | 1,675 | 11,737 | 18,240 | 16,445 | 19,501 | 14,000 |
| Profit before tax | 90.7% | 25,156 | 13,194 | 4,288 | 4,316 | 3,479 | 739 |
| Tax expense | 72.3% | 8,526 | 4,950 | 1,781 | 859 | 1,458 | 403 |
| Profit after tax | 101.7% | 16,630 | 8,245 | 2,507 | 3,457 | 2,022 | 336 |
| Net profit (loss) for the period | 101.7% | 16,630 | 8,245 | 2,507 | 3,457 | 2,022 | 336 |
| Reserve excluding revaluation reserves | - | 116,755 | - | - | - | - | - |
| CET 1 ratio | 1.5% | 0.1233 | 0.1104 | 0.1122 | 0.1056 | 0.1061 | 0.1069 |
| Additional tier 1 ratio | -0.4% | 0.0172 | 0.0213 | 0.0147 | 0.0117 | 088 | 0.0121 |
| Gross non performing assets | -21.8% | 44,082 | 56,343 | 77,328 | 92,448 | 104,423 | 73,479 |
| Non performing assets | -36.9% | 4,291 | 6,799 | 22,585 | 34,909 | 38,576 | 27,219 |
| Return on assets | 0.4% | 097 | 054 | 018 | 026 | 015 | 004 |
| Borrowings |
| 1.1% |
| 84,687 |
| 83,777 |
| 73,794 |
| 50,430 |
| 52,927 |
| 51,292 |
| Other liabilities and provisions | -2.9% | 39,233 | 40,408 | 32,026 | 35,216 | 31,390 | 29,521 |
| 100% |
| 0 |
| -7,963.88 |
| 1,126 |
| 40,277 |
| - |
| - |
| Adjustments for Provisions | -100% | 0 | 3,960 | 18,067 | 0 | - | - |
| Total adj. for working capital | 95.7% | -2,385.34 | -55,340.32 | 13,083 | -2,113.52 | - | - |
| Net Cashflows From Operations | 204.7% | 27,301 | -26,069.98 | 22,952 | 21,914 | - | - |
| Income taxes paid (refund) | 175.7% | 5,029 | 1,825 | 1,172 | 1,550 | - | - |
| Net Cashflows From Operating Activities | 179.8% | 22,272 | -27,894.59 | 21,780 | 20,364 | - | - |
| Purchase of tangible assets | 38.6% | 1,575 | 1,137 | 534 | 534 | - | - |
| Dividends received | 25% | 41 | 33 | 84 | 46 | - | - |
| Net Cashflows From Investing Activities | 0.3% | -1,534.3 | -1,539.34 | -682.24 | -1,107.35 | - | - |
| Proceeds from issuing shares | - | 4,988 | 0 | 0 | 1,793 | - | - |
| Proceeds from issuing debt etc | -100% | 0 | 7,102 | 4,484 | 2,450 | - | - |
| Repayments of borrowings | - | 1,350 | 0 | 0 | 0 | - | - |
| Dividends paid | 130.9% | 1,652 | 716 | 705 | 0 | - | - |
| Interest paid | 5.1% | 3,109 | 2,957 | 2,415 | 2,202 | - | - |
| Net Cashflows From Financing Activities | -132.8% | -1,122.67 | 3,430 | 1,364 | 2,041 | - | - |
| Net change in cash and cash eq. | 175.4% | 19,615 | -26,004.22 | 22,462 | 21,297 | - | - |
General • 09 Jan 2026 Disclosure under Regulation 30 of SEBI LODR Regulations, 2015 |
Analysis of Punjab National Bank's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Corporate/Wholesale Banking | 38.4% | 14.6 kCr |
| Retail Banking | 30.1% | 11.4 kCr |
| Treasury Operations | 28.8% | 10.9 kCr |
| Other Banking Operations | 2.7% | 1 kCr |
| Total | 37.9 kCr |