Punjab National Bank
PNBPunjab National Bank
PNB


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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
7.14 | 1.02 | 1.46% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
16.96 | 2.36 | 1.02% |
Forecast & Ratings
Detailed Forecast from 15 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Punjab National Bank (PNB or the Bank) is a public sector bank, providing various banking services, such as digital banking, personal banking, social banking, micro, small and medium enterprises banking, agricultural banking, corporate banking etc
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Lakh cr.
All values in ₹ Lakh cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 56,903.50 | 57,225.66 | 57,608.19 | 59,514.52 | 64,306.13 | 94,712.10 | 88,571.12 | 99,374.32 | 1,23,222.25 | 1,36,134.26 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 1,11,659.64 | ||||||||||
Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
Employee Cost | 6,564.49 | 5,482.33 | 9,242.37 | 7,047.54 | 7,060.02 | 12,296.72 | 11,971.93 | 14,942.59 | 18,643.24 | |||||||||||
Selling & Administrative Expenses | 1,884.33 | 2,005.49 | 2,138.07 | 2,293.09 | 2,476.12 | 3,934.62 | 4,129.31 | 4,457.73 | 4,669.84 | |||||||||||
Operating & Other expenses | 53,334.65 | 47,767.30 | 65,495.42 | 64,959.68 | 53,328.54 | 73,174.01 | 66,747.62 | 73,918.27 | 84,843.62 | |||||||||||
EBITDA | -4,879.97 | 1,970.54 | -19,267.67 | -14,785.79 | 1,441.45 | 5,306.75 | 5,722.26 | 6,055.73 | 15,065.55 | 24,474.62 | ||||||||||
Depreciation/Amortization | 413.15 | 430.44 | 581.03 | 584.01 | 614.44 | 982.23 | 896.17 | 904.87 | 905.60 | — | ||||||||||
PBIT | -5,293.12 | 1,540.10 | -19,848.70 | -15,369.80 | 827.01 | 4,324.52 | 4,826.09 | 5,150.86 | 14,159.95 | 24,474.62 | ||||||||||
Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
PBT | -5,293.12 | 1,540.10 | -19,848.70 | -15,369.80 | 827.01 | 4,324.52 | 4,826.09 | 5,150.86 | 14,159.95 | 24,474.62 | ||||||||||
Taxes & Other Items | -1,603.35 | 352.86 | -7,735.33 | -5,799.69 | 388.56 | 1,762.55 | 965.35 | 1,802.41 | 5,052.75 | 8,648.24 | ||||||||||
Net Income | -3,689.77 | 1,187.24 | -12,113.37 | -9,570.11 | 438.45 | 2,561.97 | 3,860.74 | 3,348.45 | 9,107.20 | 15,826.38 | ||||||||||
EPS | -19.33 | 5.80 | -49.56 | -25.99 | 0.77 | 2.98 | 3.59 | 3.04 | 8.27 | 14.37 | ||||||||||
DPS | 0.19 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.64 | 0.65 | 1.50 | 1.50 | ||||||||||
Payout ratio | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.18 | 0.21 | 0.18 | 0.10 |
Company Updates
Annual report
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Peers & Comparison
FinancialsPublic Banks
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Punjab National Bank | 12.41 | 1.02 | 1.46% |
State Bank of India | 9.80 | 1.53 | 1.86% |
Bank of Baroda Ltd | 5.93 | 0.92 | 3.54% |
Indian Overseas Bank | 35.12 | 3.40 | — |
Price Comparison
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Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 3.07%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 2.71%
Shareholding Pattern
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 2.48%
Top 5 Mutual Funds holding Punjab National Bank
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
The rupee value of the stock held by the fund divided by the stock’s market cap 0.6282% | Percentage of the fund’s portfolio invested in the stock 1.68% | Change in the portfolio weight of the stock over the last 3 months -0.05% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 12/103 (+1) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.2916% | Percentage of the fund’s portfolio invested in the stock 1.02% | Change in the portfolio weight of the stock over the last 3 months 0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 222/251 (+22) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.2678% | Percentage of the fund’s portfolio invested in the stock 0.53% | Change in the portfolio weight of the stock over the last 3 months -0.07% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 23/225 (-5) |
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Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJun 21, 2024
Dividend/Share
₹1.50
Ex DateEx Date
Jun 21, 2024
Cash Dividend
Ex DateEx DateJun 23, 2023
Dividend/Share
₹0.65
Ex DateEx Date
Jun 23, 2023
Cash Dividend
Ex DateEx DateJun 22, 2022
Dividend/Share
₹0.64
Ex DateEx Date
Jun 22, 2022
Cash Dividend
Ex DateEx DateJun 22, 2015
Dividend/Share
₹3.30
Ex DateEx Date
Jun 22, 2015
Cash Dividend
Ex DateEx DateFeb 11, 2014
Dividend/Share
₹10.00
Ex DateEx Date
Feb 11, 2014
Net profit of Punjab National Bank rose 97.35% to Rs 4801.00 crore in the quarter ended December 2024 as against Rs 2432.77 crore during the previous quarter ended December 2023. Total Operating Income rose 14.52% to Rs 31894.80 crore in the quarter ended December 2024 as against Rs 27851.71 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Total Operating Income31894.8027851.71 15 OPM %76.5066.07 - PBDT7055.043634.36 94 PBT7055.043634.36 94 NP4801.002432.77 97 Powered by Capital Market - Live
Total income grew by 15.99% year on year (YoY) to Rs 34,751.70 crore in the quarter ended 31 December 2024. Operating profit stood at Rs 6,620.55 crore during the December 2024 quarter, registering a growth of 4.58% on YoY basis. For Q3 FY25, net interest income (NII) was at Rs 11,032 crore, up 7.2% YoY while global net interest margin (NIM) reduced to 2.93% as on 31 December 2024 as compared to 3.15% as of 31 December 2023. On asset quality front, the bank's gross non-performing assets (GNPA) stood at 45,413.98 crore as on 31 December 2024 as against Rs 60,371.38 crore as on 31 December 2023. Gross NPA declined to 4.09% as of 31 December 2024 as against 6.24% as on 31 December 2023. Net NPA reduced to 0.41% as on 31 December 2024 as compared to 0.96% as on 31 December 2023. Provision coverage ratio improved to 96.77% as on December 2024 as against 94.28% as on December 2023. CRAR stood at 15.41% as on December 2024 against 14.63% as on December 2023. Tier-I Capital was at 12.53% (CET-1 remained at 10.65% as on Dec'24 against 9.86% as on Dec'23 and AT-1 remained at 1.88% as on Dec'24 against 1.87% as on Dec'23) and Tier-II at 2.88% as on December 2024. Return on assets (ROA) & return on equity (ROE) of the bank for the quarter improved to 1.03% and 19.22% respectively. Domestic advances grew by 14% YoY to Rs 10,60,205 crore as on 31 December 2024 as against Rs 9,30,343 crore as on 31 Decembe 2023. Domestic deposits stood at Rs 14,74,760 crore as on 31 December 2024, up by 14.4% YoY. As on 31 March 2024, CASA deposits rose 2.7% YoY to Rs 5,62,156 crore while CASA share declined to 38.12% as on 31 December 2024 as compared to 42.47% as on 31 December 2023. Punjab National Bank is engaged in treasury operations, corporate/wholesale banking, retail banking, digital banking, others. As on 31 December 2024, the bank has 10,168 domestic branches and 2 international branches. Out of total no. of branches, the bank has 63.3% branches in rural & semi-urban areas. Powered by Capital Market - Live
Punjab National Bank will hold a meeting of the Board of Directors of the Company on 31 January 2025.Powered by Capital Market - Live
On quarter on quarter (QoQ) basis, the domestic deposits rose 4.2% in the December 2024 quarter from Rs 14,16,389 crore as of the September 2024 quarter. The bank's domestic advances stood at Rs 10,61,852 crore in Q3 FY25, up 14.1% YoY and up 5% QoQ. The banks' global advances increased 15% to Rs 11,11,940 crore as of December 2024 as against Rs 9,67,256 crore as of December 2023 and up 4.7% from Rs 10,61,904 crore as of September 2024. As on 31 December 2024, the bank's global deposits was Rs 15,30,401 crore (up 15.6% YoY and up 4.9% QoQ). The bank's global business stood at Rs 26,42,341 crore as of 31 December 2024, recording a growth of 15.3% YoY and 4.8% QoQ. Global credit-deposit ratio declined to 72.66% in Q3 FY25 as against 73.08% recorded in Q3 FY24. Punjab National Bank is engaged in Treasury Operations, Corporate/Wholesale Banking, Retail Banking, Digital Banking, and others. As of 30 September 2023, the Government of India held a 73.15% stake in the bank. The public lender's standalone net profit soared 145.1% to Rs 4,303.46 crore on a 17.2% rise in total income to Rs 34,447.10 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live
Punjab National Bank announced the cessation of Atul Kumar Goel as the Managing Director & Chief Executive Officer of the Bank w.e.f. 01 January 2025 on his superannuation on 31 December 2024.Powered by Capital Market - Live
Punjab National Bank announced that India Ratings and Research has affirmed the credit rating at IND AAA; Stable/ IND A1+ for all debt instruments. Powered by Capital Market - Live
Punjab National Bank is up for a third straight session today. The stock is quoting at Rs 105.18, up 1.03% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.22% on the day, quoting at 24168.6. The Sensex is at 79913.13, down 0.25%. Punjab National Bank has gained around 6.63% in last one month. Meanwhile, Nifty Bank index of which Punjab National Bank is a constituent, has gained around 1.71% in last one month and is currently quoting at 52207.5, down 0.14% on the day. The volume in the stock stood at 150.69 lakh shares today, compared to the daily average of 532.41 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 105.33, up 1.07% on the day. Punjab National Bank is up 33.9% in last one year as compared to a 21.51% jump in NIFTY and a 18.81% jump in the Nifty Bank index.The PE of the stock is 9.35 based on TTM earnings ending September 24.Powered by Capital Market - Live
Net profit of Punjab National Bank rose 136.87% to Rs 4714.14 crore in the quarter ended September 2024 as against Rs 1990.18 crore during the previous quarter ended September 2023. Total Operating Income rose 13.37% to Rs 30447.42 crore in the quarter ended September 2024 as against Rs 26857.70 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income30447.4226857.70 13 OPM %71.7861.80 - PBDT6728.642778.29 142 PBT6728.642778.29 142 NP4714.141990.18 137 Powered by Capital Market - Live
Punjab National Bank will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live
The company's board authorized and declared the opening of the issue on Monday, 23 September 2024. The floor price of Rs 109.16 is at a discount of 2.01% to the previous day's closing price of Rs 111.50 on the BSE. The company stated that it may offer a discount of not more than 5% on the floor price so calculated for the issue. Punjab National Bank is engaged in Treasury Operations, Corporate/Wholesale Banking, Retail Banking, Digital Banking, Others. As on 30 June 2024, Government of India held 73.15% stake in the bank. The public lender reported standalone net profit of Rs 3,251.53 crore in Q1 FY25 steeply higher than Rs 1,255.41 crore reported in Q1 FY24. Total income grew by 12.5% year on year (YoY) to Rs 32,165.95 crore in the quarter ended 30 June 2024. Shares of Punjab National Bank slipped 2.38% to Rs 108.35 on the BSE.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 15.67%, vs industry avg of 14.77%
Decreasing Market Share
Over the last 5 years, market share decreased from 8.99% to 8.97%