Punjab National Bank - Stock Valuation and Financial Performance

BSE: 532461 | NSE: PNB | Bank - Public | Large Cap

PNB Share Price

105.80 0.80 0.76%
as on 04-Oct'24 16:01

DeciZen - make an informed investing decision on PNB

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Punjab National Bank stock performance -

mw4me loader
P/E Ratio (CD):
10.36
Market Cap:
1,21,595.3 Cr.
52-wk low:
67.3
52-wk high:
142.9

Is Punjab National Bank an attractive stock to invest in?

1. Is Punjab National Bank a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Punjab National Bank is a below average quality company.

2. Is Punjab National Bank undervalued or overvalued?

The key valuation ratios of Punjab National Bank's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Punjab National Bank a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Punjab National Bank is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of PNB:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Punjab National Bank has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Net Interest Income (₹ Cr.)17,36716,47315,33615,19417,49117,92131,13029,41935,02840,53041,530
YoY Gr. Rt. %--5.1%-6.9%-0.9%15.1%2.5%73.7%-5.5%19.1%15.7%-
Total Income54,88456,90457,22657,60859,51564,30694,17088,33999,0851,22,3941,26,121
YoY Gr. Rt. %-3.7%0.6%0.7%3.3%8.1%46.4%-6.2%12.2%23.5%-
Adj EPS (₹ ) 18.3-18.85.6-43.9-20.80.72.53.538.310.2
YoY Gr. Rt. %--202.5%NA-886.4%NANA276.9%43.3%-13.4%172%-
BVPS (₹ )219.2198.4186.1137.192.387.781.482.285.892.798.5
YoY Gr. Rt. %--9.5%-6.2%-26.4%-32.7%-5%-7.2%1%4.3%8.1%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)0.6-0.50.1-1.7-1.300.20.30.20.50.7
To view Net NPA to Net Advances (%) Colour Rating Guide click here
Net NPA to Net Advances (%)4.18.67.811.26.65.85.74.82.70.7-
To view Capital Adequacy Ratio (%) Colour Rating Guide click here
Capital Adequacy Ratio (%)-----------

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income9.9%18.3%9.2%15.7%
Total Income9.3%15.5%9.1%23.5%
Adj EPS-8.5%NA50%172%
BVPS-9.1%0.1%4.4%8.1%
Share Price -5% 12.8% 38.4% 37.9%

Key Financial Ratios

RATIOS \ YEARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Interest Earned / Total Income88.7589.2883.9884.5887.6285.487.0186.3187.6589.1189.2
Margins To view Margins Colour Rating Guide click here
NIM (%)2.82.42.22.12.32.22.62.32.52.72.5
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)8.6-9.22.3-32.5-250.734.23.38.510.4
Liquidity Ratio To view Liquidity Ratio Colour Rating Guide click here
CASA (%)3636.641.74142.242.944.546.541.940.2-

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.70%

Total Income has increased 9.13 CAGR in last 3 years

Net Profit has increased 50.01 CAGR in last 3 years

Net NPA to Net Advances has declined versus last 3 years average

Total income growth is good in last 4 quarters

No data to display

Latest Financials - Punjab National Bank

Standalone Consolidated
TTM EPS (₹) 8.9 10.2
TTM Sales (₹ Cr.) 1,10,313 1,12,536
BVPS (₹.) 94.5 98.5
Reserves (₹ Cr.) 1,06,256 1,10,890
P/BV 1.12 1.07
PE 11.87 10.36
From the Market
52 Week Low / High (₹) 67.34 / 142.90
All Time Low / High (₹) 6.98 / 279.00
Market Cap (₹ Cr.) 1,21,595
Equity (₹ Cr.) 2,298.6
Face Value (₹) 2
Industry PE 10.6

Management X-Ray of PNB:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of PNB

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Income 54,88456,90457,22657,60859,51564,30694,17088,33999,0851,22,394
Interest Income 48,71050,80448,05848,72552,14754,91881,93576,24286,8451,09,065
Other Income 6,1756,1009,1688,8837,3679,38812,23512,09812,24013,329
Expenditure 51,54360,56756,32570,19369,54163,94392,01884,66496,0161,14,065
Interest Expense 31,34334,33132,72233,53034,65636,99750,80546,82351,81768,534
Operating Expenses 10,80910,3509,52413,64311,68912,15020,51620,49124,33628,809
Provisions9,39115,88614,07923,02023,19614,79520,69717,35019,86316,722
Profit Before Tax4,397-5,2931,540-19,849-15,3708273,7824,5944,86113,332
Taxes 1,056-1,630639-7,264-5,3434641,6309191,7925,003
Profit After Tax 3,341-3,663901-12,584-10,0263632,1523,6763,0698,329
Adjusted EPS (₹)18.33-18.795.58-43.88-20.790.652.453.513.048.27
Dividend Payout Ratio (%)18%-2%1%-1%0%7%7%18%21%18%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Share Capital 3713934265529211,3482,0962,2022,2022,202
Total Reserves 41,66941,41242,99040,96545,16462,52990,43995,3801,00,6781,08,185
Minority Interest549729781309288361487473459561
Deposits5,15,2455,70,3836,29,6516,48,4396,81,8747,10,25411,13,71711,54,23512,90,34713,79,225
Borrowings 59,20581,67443,33665,33046,82862,51252,29859,37270,14972,586
Other Liabilities 18,97318,20416,12821,93415,04614,45320,68927,64029,81335,878
Total Liabilities 6,36,0117,12,7937,33,3117,77,5287,90,1208,51,45712,79,72513,39,30114,93,64915,98,636

Assets

Balance with RBI 24,43626,49225,41029,02932,33838,60444,26786,12878,21465,325
Balance with Banks33,82352,55765,96968,45944,95839,15269,06748,06679,11566,075
Investments 1,56,7621,65,1261,91,5272,04,4192,10,5782,53,7824,04,3693,88,5864,16,9144,46,421
Advances 4,04,6144,46,0834,24,2314,38,8264,62,4164,76,8536,79,3467,33,7668,37,4599,41,763
Net Block 3,6565,3086,2986,3716,2467,26211,04910,69612,08412,348
Other Assets12,72017,22619,87630,42433,58335,80471,62772,05969,86466,704
Total Assets 6,36,0117,12,7937,33,3117,77,5287,90,1208,51,45712,79,72513,39,30114,93,64915,98,636

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 4,81414,16721,938-1,742-33,532-12,7931,24020,03222,592-27,939
Cash Flow From Investing Activity -872-1,352159392-629-338-787-1,204-732-1,506
Cash Flow From Financing Activity 7,4515,975-9,7677,46013,96913,5915,4152,0321,2753,518
Net Cash Flow 11,39318,79012,3306,109-20,1924605,86820,85923,135-25,928
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Operational & Financial Ratios

EPS (₹)18-196-44-2112438
DPS (₹)3000000112
BVPS (₹)219198186137928881828693

Margin Ratios

Yield on Advances (%)12.011.411.311.111.311.512.110.410.411.6
Yield on Investments (%)7.88.28.18.47.57.07.47.06.56.8
Cost of Liabilities (%)5.55.34.94.74.84.84.43.93.84.7
NIM (%)2.82.42.22.12.32.22.62.32.52.7
Interest Spread (%)6.66.16.56.46.56.77.76.56.66.9

Performance Ratios

ROA (%)0.6-0.50.1-1.7-1.30.00.20.30.20.5
ROE (%)8.6-9.22.3-32.5-25.00.73.04.23.38.5
ROCE (%)7.7-1.43.9-17.5-13.13.05.45.35.910.8

Efficiency Ratios

Cost to Income Ratio (%)45.945.938.956.747.044.547.349.451.553.5
Operating Costs to Assets (%)1.71.51.31.81.51.41.61.51.61.8

Valuation Parameters

Price/Book(x)0.70.40.80.71.00.40.50.40.51.3

Punjab National Bank Stock News

Punjab National Bank FAQs

Company share prices are keep on changing according to the market conditions. The closing price of PNB on 04-Oct-2024 16:01 is ₹105.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Oct-2024 16:01 the market cap of PNB stood at ₹1,21,595.3.
The latest P/E ratio of PNB as of 04-Oct-2024 16:01 is 11.87.
The latest P/B ratio of PNB as of 04-Oct-2024 16:01 is 1.12.
The 52-week high of PNB is ₹142.9 and the 52-week low is ₹67.34.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PNB is ₹1,10,313 ( Cr.) .

About Punjab National Bank

Punjab National Bank, India’s first Swadeshi Bank, commenced its operations on April 12, 1895 from Lahore. The Bank was established by the spirit of nationalism and was the first bank purely managed by Indians with Indian Capital. The financial year 2019- 20 was significant in view of the announcement of amalgamation of Public sector Banks wherein Oriental Bank of Commerce and United Bank of India amalgamated with Punjab National Bank with effect from April 1, 2020. The Bank’s brand image and trust reposed by its customers have been reflected in growing customer base and rising business graph of the Bank. Bank’s focus has been on qualitative business growth, recovery and arresting fresh slippages. The Bank’s journey towards digitalization continues through constant innovation and upgradation of its existing products and services. The Bank strives to provide hassle free and convenient banking services to several customers. The Bank believes in leveraging technology for delivering best customer experience.

Business area of the company

The bank is one of the premier banking institutions in the country with a long tradition of sound and prudent banking.

Products

Personal (Deposit, Loans, Apply For OTS in NPA Accounts, Insurance, Government Business, Agriculture Banking, Financial Inclusion, Priority Sector)
Corporate (Corporate Loans, EXIM finance, Cash Management Services, Gold Card Scheme for Exporters, Doorstep Banking Services)
International (Schemes / Products / Services, NRI Services, Help Desk For Forex Services, World Travel Card, Foreign Office Details)
Capital Services (Depository Services, Mutual Funds, Merchant Banking, ASBA)

E-services

  • PNB ONE
  • PNB PIHU
  • PNB VERIFY
  • OTP Based Aadhaar Seeding
  • Retail Internet Banking
  • Corporate Internet Banking
  • PNB Bharat BillPay
  • BHIM
  • BHIM PNB (UPI)
  • RTGS/NEFT/IMPS/ECS/NACH
  • Green PIN - Debit Card
  • Missed Call Services
  • E-Statement
  • SMS Banking

Subsidiaries of the company

Domestic

  • PNB Gilts Ltd. 
  • PNB Investment Services Ltd. 
  • PNB Insurance Broking Pvt. Ltd.

International

  • Punjab National Bank (International) Ltd.
  • Druk PNB Bank Ltd

Awards

  • FICCI Corporate Social Responsibility Award 2013-14
  • PNB Conferred With Appreciation Certificate
  • RBI Rajbhasha Award 2014-15
  • Assocham Social Banking Exellence Award 2015
  • Golden Peacock National Training Award 2016
  • Rajbhasha Kirti Award 2017-18
  • Aadhar Excellence Award
  • NSDL Star Performer Awards 2018
  • Best State Nodal Bank Award 2018-19
  • Digital Payments Award 2018-19
  • IBA Banking Technology Awards 2019
  • Top Rankers Excellence Award
  • EASE Reforms Excellency Award
  • PNB Wins Governance Now BFSI Awards 2019
  • BFSI Digital Innovation Awards 2019
  • Rajbhasha Kirti Award 2019
  • Bank Of The Year Award 2019
  • PNB Wins SCOPE CCE Award 2019
  • PNB Won IBA Banking Technology Awards 2020
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