Punjab & Sind Bank

About

Punjab & Sind Bank is engaged in the Business of Deposits,Loans & Advances and Remittances & Collections.

Key Points

Ratios (Q3FY21)
Capital Adequacy Ratio - 16.39%[1]
Net Interest Margin - 2.31%[2]
Gross NPA - 13.14%
Net NPA - 2.84%[3]
CASA Ratio - 32.4%[4]

See full details
  • Market Cap 6,808 Cr.
  • Current Price 16.8
  • High / Low 23.8 / 10.3
  • Stock P/E
  • Book Value 20.6
  • Dividend Yield 0.00 %
  • ROCE 1.27 %
  • ROE -39.2 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.81 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -4.42% over past five years.
  • Company has a low return on equity of -23.04% for last 3 years.
  • Contingent liabilities of Rs.7145.27 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.1097.63 Cr.

Peer comparison

Sector: Banks Industry: Banks - Public Sector

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Quarterly Results

Figures in Rs. Crores

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Revenue 2,200 2,156 2,018 2,071 2,014 1,941 1,904 1,800 1,800 1,763 1,611 1,690
Interest 1,595 1,622 1,589 1,503 1,504 1,464 1,400 1,263 1,187 1,147 1,116 1,111
1,058 684 745 800 1,440 960 1,277 848 1,445 3,620 656 595
Financing Profit -453 -150 -316 -232 -931 -484 -773 -311 -831 -3,004 -161 -16
Financing Margin % -21% -7% -16% -11% -46% -25% -41% -17% -46% -170% -10% -1%
Other Income 209 181 286 167 209 136 385 154 199 219 330 349
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -243 31 -30 -65 -722 -347 -388 -157 -632 -2,785 169 334
Tax % 55% 29% -98% 53% 35% 26% 39% 25% 37% 15% 5% 48%
Net Profit -109 22 -59 -30 -469 -255 -236 -117 -401 -2,376 161 174
EPS in Rs -1.93 0.40 -1.04 -0.50 -7.79 -3.64 -3.37 -1.67 -5.72 -33.89 0.40 0.43
Gross NPA % 10.02% 11.19% 11.83% 12.88% 13.64% 13.58% 14.18% 14.34% 14.06% 13.14% 13.76% 13.33%
Net NPA % 5.25% 6.90% 7.22% 7.77% 7.07% 8.71% 8.03% 7.57% 5.87% 2.84% 4.04% 3.61%

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
Revenue 3,934 4,933 6,474 7,340 7,973 8,589 8,744 8,173 7,949 8,559 7,930 6,974 6,864
Interest 2,750 3,372 4,973 5,699 6,352 6,909 6,569 6,014 5,714 6,279 5,872 4,712 4,561
899 1,200 1,260 1,523 1,742 1,915 2,110 2,536 3,347 3,981 4,423 6,467 6,315
Financing Profit 285 360 241 118 -121 -235 66 -377 -1,112 -1,702 -2,366 -4,205 -4,012
Financing Margin % 7% 7% 4% 2% -2% -3% 1% -5% -14% -20% -30% -60% -58%
Other Income 412 437 417 394 427 429 478 578 581 828 897 903 1,098
Depreciation 31 28 44 27 60 46 46 0 64 -15 54 102 0
Profit before tax 666 770 614 486 246 147 498 201 -595 -859 -1,522 -3,404 -2,914
Tax % 24% 32% 27% 30% -22% 18% 33% 0% -25% 37% 35% 20%
Net Profit 509 526 451 339 301 121 336 201 -744 -543 -991 -2,733 -2,442
EPS in Rs 23.59 19.27 13.35 10.92 3.03 8.39 5.02 -13.17 -9.62 -14.13 -6.74 -38.78
Dividend Payout % 0% 8% 10% 20% 20% 20% 20% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:4%
5 Years:-4%
3 Years:-4%
TTM:-10%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-127%
Stock Price CAGR
10 Years:-13%
5 Years:-21%
3 Years:-13%
1 Year:51%
Return on Equity
10 Years:-6%
5 Years:-16%
3 Years:-23%
Last Year:-39%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
383 423 434 454 475 400 400 400 565 565 701 4,053
Reserves 2,233 3,380 3,815 4,150 4,536 5,196 5,570 5,742 5,618 5,136 4,895 4,310
Borrowings 52,856 62,609 66,506 73,182 87,035 89,763 94,089 88,499 105,409 101,272 92,881 98,752
1,393 2,338 2,350 2,892 2,663 2,394 2,522 2,002 2,167 2,009 2,027 3,367
Total Liabilities 56,665 68,550 72,905 80,478 94,509 97,753 102,581 96,643 113,759 108,982 100,504 110,482
539 816 808 844 1,003 995 1,133 1,095 1,083 1,230 1,241 1,585
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 17,887 18,644 20,064 22,542 28,294 24,007 27,645 27,948 32,982 26,173 24,552 32,023
38,239 49,090 52,033 57,091 65,212 72,752 73,803 67,600 79,695 81,579 74,711 76,874
Total Assets 56,665 68,550 72,905 80,478 94,509 97,753 102,581 96,643 113,759 108,982 100,504 110,482

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1,695 -85 -653 -26 2,469 -1,982 930 -495 1,063 -97 2,210 -5,848
-14 -25 -36 -82 -58 -84 -38 -33 -51 -61 -63 -446
234 251 108 -129 -165 -39 -209 216 1,531 -356 814 5,055
Net Cash Flow 1,915 141 -581 -236 2,246 -2,105 683 -313 2,543 -514 2,960 -1,239

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROE % 21% 16% 11% 8% 6% 2% 6% 3% -12% -9% -18% -39%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
85.56 85.56 85.56 85.56 80.28 83.06 83.06 83.06 83.06 83.06 97.07 97.07
1.10 1.09 1.07 1.10 0.95 0.82 0.76 0.76 0.01 0.00 0.00 0.01
7.57 7.57 7.58 7.57 7.11 6.15 6.14 6.07 6.07 6.08 1.05 1.06
5.77 5.78 5.79 5.77 11.66 9.97 10.04 10.10 10.85 10.86 1.88 1.86

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