Punjab National Bank Stock Analysis

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

BSE Share Price May 20, 18:01
29.95 0.75 (2.57%)

DeciZen - Make an Informed Decision on PNB

Overall Rating

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

FAQs

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 Somewhat Undervalued 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.

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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Net Interest Income (₹ Cr.)13,70615,26816,73817,36716,47315,33615,19417,49117,92131,06229,411
YoY Gr. Rt. %-11.4%9.6%3.8%-5.1%-6.9%-0.9%15.1%2.5%73.3%-
Total Income41,73547,38049,66854,88456,90457,22657,60859,51564,30694,99188,039
YoY Gr. Rt. %-13.5%4.8%10.5%3.7%0.6%0.7%3.3%8.1%47.7%-
Adj EPS (₹ ) 29.6282018.3-18.85.6-43.9-20.80.72.53.5
YoY Gr. Rt. %--5.4%-28.7%-8.3%-202.5%NA-886.4%NANA276.9%-
BVPS (₹ )163.6186.9202.6219.2198.4186.1137.192.387.781.482.2
YoY Gr. Rt. %-14.2%8.4%8.2%-9.5%-6.2%-26.4%-32.7%-5%-7.2%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)1.210.70.6-0.50.1-1.7-1.300.20.3
To view Net NPA to Net Advances (%) Colour Rating Guide click here
Net NPA to Net Advances (%)1.52.42.94.18.67.811.26.65.85.7-
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 Income9.5%13.5%26.9%73.3%
Total Income9.6%10.8%18.1%47.7%
Adj EPS-24.2%NANA276.9%
BVPS-7.5%-16.3%-15.9%-7.2%
Share Price -14.5% -28.1% -30.3% -20%

Key Financial Ratios

RATIOS \ YEARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Interest Earned / Total Income89.8490.990.5288.7589.2883.9884.5887.6285.486.1886.6
Margins To view Margins Colour Rating Guide click here
NIM (%)33.232.82.42.22.12.32.22.62.2
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)20.416.210.18.6-9.22.3-32.5-250.734.3
Liquidity Ratio To view Liquidity Ratio Colour Rating Guide click here
CASA (%)35.138.737.83636.641.74142.242.944.5-

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 4.30%

Total Income has increased 18.14 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

Net Profit has declined 0.00 CAGR in last 3 years

Latest Financials - Punjab National Bank

Standalone Consolidated
TTM EPS (₹) 3.1 3.5
TTM Sales (₹ Cr.) 74,880 76,242
BVPS (₹.) 80.3 82.2
Reserves (₹ Cr.) 86,236 88,331
P/BV 0.36 0.36
PE 9.30 8.33
From the Market
52 Week Low / High (₹) 28.50 / 47.60
All Time Low / High (₹) 6.98 / 279.00
Market Cap (₹ Cr.) 32,152
Equity (₹ Cr.) 2,202.2
Face Value (₹) 2
Industry PE 10

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

Analyst's Notes

News

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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