Punjab & Sind Bank

Punjab & Sind Bank

₹ 61.1 -0.86%
21 Jun - close price
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]

  • Market Cap 41,406 Cr.
  • Current Price 61.1
  • High / Low 77.5 / 29.4
  • Stock P/E 69.5
  • Book Value 22.3
  • Dividend Yield 0.79 %
  • ROCE 5.82 %
  • ROE 3.94 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 25.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 22.6%

Cons

  • Stock is trading at 2.74 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.52% over past five years.
  • Company has a low return on equity of 7.21% over last 3 years.

* 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

Figures in Rs. Crores

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 1,611 1,690 1,741 1,871 1,793 1,800 1,980 2,107 2,105 2,316 2,406 2,491 2,481
Interest 1,116 1,111 1,124 1,114 1,096 1,091 1,205 1,302 1,421 1,578 1,731 1,752 1,792
666 459 775 622 463 542 723 391 638 682 648 920 875
Financing Profit -171 120 -158 135 234 167 52 414 46 56 27 -181 -186
Financing Margin % -11% 7% -9% 7% 13% 9% 3% 20% 2% 2% 1% -7% -8%
340 214 256 171 215 115 140 138 547 179 268 362 413
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 169 334 98 306 449 282 193 552 593 234 295 181 227
Tax % 5% 48% -123% 2% 23% 27% -44% 32% 23% 35% 36% 37% 39%
161 174 218 301 346 205 278 373 457 153 189 114 139
EPS in Rs 0.40 0.43 0.54 0.74 0.51 0.30 0.41 0.55 0.67 0.23 0.28 0.17 0.21
Gross NPA % 13.76% 13.33% 14.54% 14.44% 12.17% 11.34% 9.67% 8.36% 6.97% 6.80% 6.23% 5.70% 5.43%
Net NPA % 4.04% 3.61% 3.81% 3.01% 2.74% 2.56% 2.24% 2.02% 1.84% 1.95% 1.88% 1.80% 1.63%
Raw PDF

Profit & Loss

Figures in Rs. Crores

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 7,340 7,973 8,589 8,744 8,173 7,949 8,559 7,930 6,974 7,096 7,993 9,694
Interest 5,699 6,352 6,909 6,569 6,014 5,714 6,279 5,872 4,712 4,444 5,019 6,853
1,523 1,742 1,915 2,110 2,536 3,347 3,981 4,423 6,468 2,287 2,145 3,126
Financing Profit 118 -121 -235 66 -377 -1,112 -1,702 -2,366 -4,206 364 828 -284
Financing Margin % 2% -2% -3% 1% -5% -14% -20% -30% -60% 5% 10% -3%
394 427 429 478 578 581 828 897 904 959 940 1,221
Depreciation 27 60 46 46 0 64 -15 54 102 137 148 0
Profit before tax 486 246 147 498 201 -595 -859 -1,522 -3,404 1,187 1,620 937
Tax % 30% -22% 18% 33% 0% -25% 37% 35% 20% 12% 19% 36%
339 301 121 336 201 -744 -543 -991 -2,733 1,039 1,313 595
EPS in Rs 13.35 10.92 3.03 8.39 5.02 -13.17 -9.62 -14.13 -6.74 1.53 1.94 0.88
Dividend Payout % 20% 20% 20% 20% 0% 0% 0% 0% 0% 20% 25% 23%
Compounded Sales Growth
10 Years: 2%
5 Years: 3%
3 Years: 12%
TTM: 21%
Compounded Profit Growth
10 Years: 7%
5 Years: 25%
3 Years: 30%
TTM: -55%
Stock Price CAGR
10 Years: -1%
5 Years: 20%
3 Years: 42%
1 Year: 104%
Return on Equity
10 Years: -2%
5 Years: -1%
3 Years: 7%
Last Year: 4%

Balance Sheet

Figures in Rs. Crores

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 254 275 400 400 400 565 565 701 4,053 6,778 6,778
Reserves 4,150 4,536 5,196 5,570 5,742 5,618 5,136 4,895 4,310 7,233 8,331
Preference Capital 200 200 0 0 0 0 0 0 0 0 0
73,182 87,035 89,763 94,089 88,499 105,409 101,272 92,881 98,752 104,581 118,684
2,892 2,663 2,394 2,522 2,002 2,167 2,009 2,027 3,367 2,476 2,662
Total Liabilities 80,478 94,509 97,753 102,581 96,643 113,759 108,982 100,504 110,482 121,068 136,455
844 1,003 995 1,133 1,095 1,083 1,230 1,241 1,585 1,577 1,519
CWIP 0 0 0 0 0 0 0 0 0 0 0
Investments 22,542 28,294 24,007 27,645 27,948 32,982 26,173 24,552 32,023 42,281 44,838
57,091 65,212 72,752 73,803 67,600 79,695 81,579 74,711 76,874 77,209 90,097
Total Assets 80,478 94,509 97,753 102,581 96,643 113,759 108,982 100,504 110,482 121,068 136,455

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-26 2,469 -1,982 930 -495 1,063 -97 2,210 -5,848 -5,999 1,428 1,749
-82 -58 -84 -38 -33 -51 -61 -63 -446 -121 -88 -229
-129 -165 -39 -209 216 1,531 -356 814 5,055 4,068 -1,332 -434
Net Cash Flow -236 2,246 -2,105 683 -313 2,543 -514 2,960 -1,239 -2,051 8 1,086

Ratios

Figures in Rs. Crores

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 % 8% 7% 2% 6% 3% -12% -9% -18% -39% 9% 9%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
97.07% 97.07% 97.07% 98.25% 98.25% 98.25% 98.25% 98.25% 98.25% 98.25% 98.25% 98.25%
0.01% 0.03% 0.01% 0.00% 0.00% 0.01% 0.00% 0.01% 0.00% 0.03% 0.01% 0.02%
1.06% 1.06% 1.06% 0.64% 0.66% 0.66% 0.67% 0.67% 0.66% 0.68% 0.65% 0.65%
1.86% 1.84% 1.85% 1.11% 1.09% 1.07% 1.08% 1.07% 1.10% 1.05% 1.09% 1.09%
No. of Shareholders 1,24,4201,26,3261,28,8801,30,7281,31,3511,30,5061,46,8431,46,9681,45,3851,55,1151,56,1091,84,679

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls