Punjab National Bank

Punjab National Bank

₹ 129 0.25%
19 Jun 10:14 a.m.
About

Punjab National Bank is India's first Swadeshi Bank. PNB is a Banking and Financial service bank owned by the Government of India with its headquarters is in New Delhi, India. It is the Third largest PSU after IOB in India.[1]

Key Points

Ratios Q3FY24[1]
PCR - 94.28%
GNPA - 6.24%
NNPA - 0.96%
CASA Ratio - 42.47%
Slippage Ratio - 0.81%

  • Market Cap 1,41,987 Cr.
  • Current Price 129
  • High / Low 143 / 49.7
  • Stock P/E 15.6
  • Book Value 100
  • Dividend Yield 1.15 %
  • ROCE 5.46 %
  • ROE 8.54 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 24.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.2%
  • Company's working capital requirements have reduced from 61.2 days to 26.3 days

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 5.40% over last 3 years.
  • Contingent liabilities of Rs.2,60,559 Cr.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Banks Industry: Banks - Public Sector

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 19,066 19,237 18,335 19,579 19,090 19,144 20,588 22,808 24,305 25,673 26,858 27,852 28,682
Interest 11,975 11,843 11,786 11,697 11,497 11,443 12,172 13,513 14,690 16,064 16,820 17,444 18,206
8,720 9,776 8,922 8,839 9,384 9,523 10,493 11,578 10,813 10,990 10,259 9,449 9,831
Financing Profit -1,629 -2,382 -2,373 -957 -1,791 -1,822 -2,077 -2,282 -1,197 -1,381 -221 959 646
Financing Margin % -9% -12% -13% -5% -9% -10% -10% -10% -5% -5% -1% 3% 2%
2,568 3,879 3,262 2,696 2,261 2,384 2,704 3,325 3,827 3,360 2,999 2,676 4,294
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 939 1,497 889 1,739 470 562 626 1,043 2,630 1,979 2,778 3,634 4,940
Tax % 42% 28% -35% 34% 48% 46% 42% 37% 34% 39% 36% 38% 37%
715 1,184 1,127 1,249 348 271 496 715 1,876 1,363 1,990 2,441 3,363
EPS in Rs 0.67 1.06 1.00 1.14 0.31 0.26 0.45 0.64 1.69 1.22 1.81 2.21 3.04
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Revenue 43,071 44,958 48,710 50,804 48,058 48,725 52,147 54,918 81,935 76,242 86,845 109,065
Interest 27,802 28,220 31,343 34,331 32,722 33,530 34,656 36,997 50,805 46,823 51,817 68,534
12,456 16,112 18,760 27,453 22,533 43,345 39,645 25,867 38,601 36,026 41,502 39,623
Financing Profit 2,812 626 -1,394 -10,980 -7,197 -28,151 -22,153 -7,946 -7,470 -6,607 -6,473 908
Financing Margin % 7% 1% -3% -22% -15% -58% -42% -14% -9% -9% -7% 1%
4,310 4,710 6,175 6,100 9,168 8,883 7,367 9,388 12,777 12,329 12,529 14,158
Depreciation 336 367 384 413 430 581 584 614 982 896 905 906
Profit before tax 6,786 4,969 4,397 -5,293 1,540 -19,849 -15,370 827 4,325 4,826 5,151 14,160
Tax % 27% 29% 24% 31% 41% 37% 35% 56% 38% 19% 35% 35%
5,020 3,674 3,525 -3,510 1,239 -12,111 -9,550 485 2,695 3,908 3,359 9,157
EPS in Rs 28.03 19.98 18.33 -18.79 5.58 -43.88 -20.79 0.65 2.45 3.51 3.04 8.27
Dividend Payout % 19% 10% 18% -2% 0% 0% 0% 0% 0% 18% 21% 18%
Compounded Sales Growth
10 Years: 9%
5 Years: 16%
3 Years: 10%
TTM: 26%
Compounded Profit Growth
10 Years: 10%
5 Years: 24%
3 Years: 52%
TTM: 172%
Stock Price CAGR
10 Years: -4%
5 Years: 11%
3 Years: 47%
1 Year: 148%
Return on Equity
10 Years: 0%
5 Years: 4%
3 Years: 5%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 353 362 371 393 426 552 921 1,348 2,096 2,202 2,202 2,202
Reserves 34,116 37,731 41,669 41,412 42,990 40,965 45,164 62,529 90,439 95,380 100,678 108,185
446,090 520,237 574,450 652,056 672,987 713,769 728,702 772,767 1,166,015 1,213,606 1,360,496 1,451,811
16,089 16,490 19,522 18,932 16,909 22,242 15,333 14,814 21,176 28,113 30,273 36,438
Total Liabilities 496,648 574,820 636,011 712,793 733,311 777,528 790,120 851,457 1,279,725 1,339,301 1,493,649 1,598,636
3,422 3,490 3,656 5,308 6,298 6,371 6,246 7,262 11,049 10,696 12,084 12,348
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 134,734 149,225 156,762 165,126 191,527 204,419 210,578 253,782 404,369 388,586 416,914 446,421
358,491 422,105 475,594 542,358 535,486 566,738 573,295 590,413 864,307 940,019 1,064,651 1,139,867
Total Assets 496,648 574,820 636,011 712,793 733,311 777,528 790,120 851,457 1,279,725 1,339,301 1,493,649 1,598,636

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-692 16,906 4,814 14,167 21,938 -1,742 -33,532 -12,793 30,950 20,032 22,592 -27,939
-600 -302 -872 -1,352 159 392 -629 -338 -787 -1,204 -732 -1,506
-694 2,129 7,451 5,975 -9,767 7,460 13,969 13,591 5,415 2,032 1,275 3,518
Net Cash Flow -1,987 18,733 11,393 18,790 12,330 6,109 -20,192 460 35,579 20,859 23,135 -25,928

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 16% 10% 8% -8% 3% -29% -22% 1% 3% 4% 3% 9%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.15% 73.15% 73.15% 73.15% 73.15% 73.15% 73.15% 73.15% 73.15% 73.15% 73.15% 73.15%
2.51% 2.21% 1.19% 1.36% 0.99% 1.22% 1.71% 1.71% 1.82% 2.65% 3.10% 4.82%
11.27% 11.21% 11.61% 11.60% 11.45% 12.29% 12.98% 13.53% 13.44% 13.80% 13.74% 12.37%
13.07% 13.44% 14.05% 13.89% 14.41% 13.33% 12.16% 11.61% 11.57% 10.41% 10.00% 9.67%
No. of Shareholders 16,18,14416,90,48418,77,24719,50,65920,40,14120,10,93820,29,64620,67,20220,30,10020,83,54621,63,62523,53,625

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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