Punjab National Bank

    PNB
    Banking
    ₹120.37
    Price as of 25 Oct 2026, 10:28 pm IST

    Market cap ₹1.38 L Cr

    P/E
    6.06
    Day range
    ₹119.06 – ₹122.30
    52-week range
    ₹98.50 – ₹135.15
    Volume
    2.11 Cr
    Open
    ₹122.00
    Prev close
    ₹122.50

    Latest results · Q2 FY27(consolidated)Revenue ₹35,267 Cr-45.8%Profit ₹5,561 Cr-16.8%Margin 15.8%YoY vs the same quarter last year

    No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.

    PNB in NSE indices and F&O

    F&O margin for one lot of PNB (8,000 shares)

    Research profile

    Composite 65 / 100

    Factor percentiles

    Value96
    Quality25
    Momentum72
    Low volatility67

    Derived metrics

    Earn. yield
    16.5%
    Graham no.
    ₹250.34
    vs Graham
    +108.0%
    ROE ÷ P/B
    15.2%
    12-1 mom.
    +1.5%
    Return / vol
    0.16
    FCF yield
    17.4%
    PEG
    0.03

    Appears in 13 scans

    Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.

    Peer comparison

    All 34 in Banking
    Largest Banking companies tracked, with sector medians
    CompanyM-capP/EP/BROEROCEOPMD/ESales YoY
    HDFC BankHDFCBANK₹10.69 L Cr15.141.7714.3%7.0%—0.98+9.4%
    ICICI BankICICIBANK₹10.01 L Cr17.122.5917.1%7.2%—0.76+16.2%
    State Bank of IndiaSBIN₹8.85 L Cr10.271.4216.0%6.1%—1.30+8.4%
    Kotak Mahindra BankKOTAKBANK₹4.28 L Cr21.102.3611.4%7.0%—0.53+6.4%
    Axis BankAXISBANK₹3.79 L Cr12.701.6413.2%6.2%—1.41+17.9%
    Punjab National BankPNB₹1.38 L Cr6.060.8613.0%6.1%—0.86+8.5%
    Union Bank of IndiaUNIONBANK₹1.37 L Cr6.210.9515.7%6.3%—0.71+8.3%
    Bank of BarodaBANKBARODA₹1.19 L Cr6.570.7212.9%5.6%—1.03+6.8%
    Sector median₹56,581 Cr9.631.1913.1%6.3%—0.87+15.2%

    Sector as classified in the tracked universe; medians use every tracked Banking company, and P/E only profitable ones. Tinted figures beat the median.

    Latest news

    Updated 12d ago

    Headlines about Punjab National Bank from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.

    Key metrics

    P/E (TTM)
    6.0
    EPS (TTM)
    ₹19.21
    Price / Book
    0.86
    ROE (FY26)
    13.0%
    Dividend yield
    2.49%

    Moving averages (NSE)

    20-day
    ₹116.08
    Price above
    50-day
    ₹116.41
    Price above
    200-day
    ₹114.21
    Price above

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +14.6%
    Profit 3Y CAGR
    +76.5%
    Revenue YoY (Sep 2026)
    +8.5%
    Profit YoY (Sep 2026)
    +15.6%
    Net margin
    16.8%

    Revenue, profit & margin - quarterly

    ₹ crore; a loss shows red. Operating margin below, same periods.

    0 Cr10K Cr20K Cr30K Cr40K Cr
    • Revenue
    • Net profit

    Operating margin

    Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026

    Who owns the company

    % of equity by quarter, latest Sept 2026

    Dec '24Mar '25Jun '25Sept '25Dec '25Mar '26Jun '26Sept '260%25%50%75%100%
    • Promoter
    • DII
    • Public
    • FII

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-40K Cr-20K Cr0 Cr20K Cr40K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26-40%-20%0%20%15% screen

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); the ratio below, same years.

    0 Cr50K Cr1L Cr1.5L Cr2L Cr
    • Equity
    • Debt

    Debt to equity

    Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 20260x1x2x

    Dividends per share

    ₹ by fiscal year of the ex-date; the latest year runs to date.

    FY18FY19FY20FY21FY22FY23FY24FY25FY26FY27₹0₹1₹2₹3

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
    Revenue27,85228,68229,14530,44731,89532,52332,57232,51332,88932,79833,58935,267
    Interest17,44418,20618,53619,79020,73821,64021,82821,85822,16422,21922,58323,464
    Expenses9,4499,8318,4738,5927,4949,1429,1978,2999,2987,5188,2627,839
    Financing Profit9596462,1362,0653,6631,7421,5472,3561,4263,0612,7433,964
    Financing Margin %3%2%7%7%11%5%5%7%4%9%8%11%
    Other Income2,6764,2943,6154,6643,3924,7765,4274,1715,0134,0804,3653,524
    Depreciation000000000000
    Profit before tax3,6344,9405,7516,7297,0556,5186,9736,5276,4407,1417,1087,488
    Tax %38%37%35%34%34%29%74%26%19%27%25%26%
    Net Profit2,4413,3633,9914,7394,8115,0112,1675,1215,5775,6025,8355,918
    EPS in Rs₹2.21₹3.04₹3.61₹4.10₹4.18₹4.34₹1.84₹4.46₹4.83₹4.87₹5.06₹5.13

    From company filings, updated 24 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.

    Strengths, risks & growth

    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 Second largest PSU after SBI. [1]

    Strengths

    • Stock is trading at 0.86 times its book value
    • Company has delivered good profit growth of 48.2% CAGR over last 5 years
    • Company has been maintaining a healthy dividend payout of 18.3%

    Risks

    • Company has low interest coverage ratio.
    • The company has delivered a poor sales growth of 9.80% over past five years.
    • Company has a low return on equity of 12.4% over last 3 years.
    • Contingent liabilities of Rs.5,24,629 Cr.
    • Company might be capitalizing the interest cost
    • Promoter holding has decreased over last 3 years: -3.07%

    Compounded Sales Growth

    10 Years
    +10%
    5 Years
    +10%
    3 Years
    +15%
    TTM
    +4%

    Compounded Profit Growth

    10 Years
    +21%
    5 Years
    +48%
    3 Years
    +76%
    TTM
    +34%

    Stock Price CAGR

    10 Years
    -2%
    5 Years
    +22%
    3 Years
    +20%
    1 Year
    +3%

    Return on Equity

    10 Years
    +4%
    5 Years
    +9%
    3 Years
    +12%
    Last Year
    +13%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderDec 2025Mar 2026Jun 2026Sept 2026Change
    Promoter70.08%70.08%70.08%70.08%0.00 pp
    FII5.93%6.39%5.93%6.66%+0.73 pp
    DII16.09%16.05%16.06%16.14%+0.08 pp
    Public7.91%7.48%7.91%7.13%-0.78 pp

    Filed with NSE for Sept 2026: promoters 70.08%, public 29.92% · XBRL filing

    Analysts & fund holdings

    75%
    75% recommend buy
    16 analysts cover the stock
    Valuation vs Banks
    P/E6.1 vs 16.4
    Sector P/B2.12
    Beta1.56

    Who holds the shares, quarter by quarter

    Mutual funds 6.14% (-0.37 pp)
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    Sept 26
    • Promoters70.1%
    • Foreign institutions6.7%
    • Mutual funds6.1%
    • Insurance10.0%
    • Other domestic institutions0.0%
    • Retail5.7%
    • Others1.4%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    SBI Contra Fund0.98%2.91%+0.30 pp
    SBI Balanced Advantage Fund0.56%1.86%+0.15 pp
    SBI Arbitrage Fund0.27%0.78%-0.02 pp
    HDFC Arbitrage Fund0.24%1.27%+0.39 pp
    ICICI Pru Arbitrage Fund0.18%0.69%-0.06 pp

    Scorecard

    Performance
    Avg
    Valuation
    Avg
    Growth
    Avg
    Profitability
    High
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Risk & trend

    From 275 daily sessions to 23 Oct 2026.

    Computed

    Risk

    Volatility (1Y)
    27.3%
    Downside volatility
    28.3%
    Worst 5% of days
    3.3%
    Average of that tail
    4.1%
    Max drawdown (1Y)
    24.8%
    Below its peak
    9.1%

    Against the market

    Beta vs Nifty 50
    1.16
    Correlation
    0.57
    Relative strength (3M)
    +14.6%
    ATR (14)
    2.7%

    Return

    Return 1M
    +2.9%
    Return 3M
    +9.3%
    Return 6M
    +5.0%
    Return 1Y
    +4.4%
    vs 200-day average
    +5.4%

    Momentum

    RSI (14)
    58.0
    MACD histogram
    0.78
    Stochastic %K
    67.1
    ADX (14)
    23.1
    +DI / −DI
    28.5 / 15.4
    Money flow index
    67.2

    Participation

    Delivery (20d avg)
    42.6%
    vs its 60-day baseline
    -3.0 pts
    Volume vs 20-day
    +0.1σ
    Close vs day's VWAP
    +0.3%
    52-week position
    64 / 100

    These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.

    Financial quality

    From consolidated statements to 30 Jun 2026.

    Computed

    No F-Score: it needs two reporting periods a year apart that carry both an income statement and a balance sheet, and this company's filings do not yet line up that way. The ratios below need only the one period and are unaffected.

    Free cash flow
    ₹24,011 Cr
    FCF yield
    17.4%
    Cash conversion
    1.35
    Accruals ratio
    -0.003
    Net debt
    -₹58,723 Cr
    Net debt / equity
    -0.38
    EV / sales
    0.59
    PEG
    0.03
    Capex intensity
    1.0%
    Revenue CAGR
    3.1%
    Profit CAGR
    191.4%

    Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.

    Corporate actions

    • dividend
      ₹3.00

      Dividend - Rs 3 Per Share

      12 Jun 2026
      ex-date
    • dividend
      ₹2.90

      Dividend - Rs 2.90 Per Share

      20 Jun 2025
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      21 Jun 2024
      ex-date
    • dividend
      ₹1.50

      Dividend - Rs 1.50 Per Share

      21 Jun 2024
      ex-date
    • dividend
      ₹0.65

      Annual General Meeting/Dividend - Rs 0.65 Per Share

      23 Jun 2023
      ex-date
    • dividend
      ₹0.64

      Annual General Meeting/Dividend - Rs 0.64 Per Share

      22 Jun 2022
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      16 Jul 2021
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      27 Jul 2020
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      4 Jul 2019
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      10 Sept 2018
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      21 Jun 2017
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      23 Jun 2016
      ex-date
    • dividend
      ₹3.30

      Annual General Meeting/ Dividend - Rs 3.30/- Per Share

      22 Jun 2015
      ex-date
    • split
      Not available — not reported in this filing

      Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share

      18 Dec 2014
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      20 Jun 2014
      ex-date
    • dividend
      ₹10.00

      Interim Dividend Rs.10/- Per Share

      11 Feb 2014
      ex-date
    • dividend
      ₹27.00

      Annual General Meeting / Final Dividend Rs.27 Per Equity Share

      13 Jun 2013
      ex-date
    • dividend
      ₹22.00

      Annual General Meeting And Dividend Rs.22/- Per Share

      14 Jun 2012
      ex-date
    • dividend
      ₹22.00

      Annual General Meeting And Dividend Rs.22/- Per Share

      16 Jun 2011
      ex-date
    • dividend
      ₹12.00

      Annual General Meeting And Final Dividend Rs.12/- Per Share

      8 Jul 2010
      ex-date

    Company announcements

    Company Update
    Newspaper Publication- Notice To Shareholders Regarding Special Window For Transfer And Dematerialization Of Physical Securities

    Newspaper Publication - Notice to Shareholders regarding Special Window For Transfer and Dematerialization of Physical Securities

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    Audio Video Recording of Earnings Call with Analysts / Investors on the Unaudited Financial Results for the quarter / half-year ended 30.09.2026

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    Press Release on Financial Results for quarter ended 30.09.2026

    Company Update
    Announcement under Regulation 30 (LODR)-Investor Presentation

    Investor Presentation

    Board Meeting
    Board Meeting Outcome for Outcome Of Board Meeting

    Outcome of Board Meeting

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

    Disclosure under Regulation 30 of SEBI LODR Regulations, 2015

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Earnings Call with Analysts/ Investors on Financial Results for the quarter / half-year ended 30th September, 2026

    Board MeetingPrice-sensitive
    Board Meeting Intimation for Unaudited/ Reviewed Financial Results (Standalone & Consolidated) Of The Bank For The Quarter/Half-Year Ended 30Th September, 2026

    Punjab National Bankhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/10/2026 ,inter alia, to consider and approve Unaudited/ Reviewed Financial ....

    Company Update
    Profile Of Shri Sushil Katara, Director Of The Bank

    Profile of Shri Sushil Katara, Director of the Bank

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Directorate

    Nomination of Part-Time Non-Official Director on the Board of the Bank

    Company Update
    Change In Interest Rates

    Change in Interest Rates

    Insider Trading / SAST
    Closure of Trading Window
    Company Update
    Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    Certificate of RTA in compliance of Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018

    Company Update
    Intimation Under SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

    Provisional Business Figures as on 30.09.2026

    Company Update
    Disclosure Under The Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

    Disclosure under the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulation, 2015

    Filed with BSE (scrip 532461); the last 45 days. Documents open at bseindia.com.

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 17 Oct 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.

    FAQ

    Punjab National Bank: common questions

    Answered from the figures on this page.

    Punjab National Bank last traded at ₹120.37 (NSE, as of 25 Oct 2026). The last session moved it down 1.74%.

    Punjab National Bank is valued at about ₹1.38 lakh crore (NSE, as of 25 Oct 2026).

    Punjab National Bank trades at a price-to-earnings ratio of 6.06 (NSE, as of 25 Oct 2026). The P/E compares the share price with earnings per share, so it is only comparable between companies in the same industry.

    Punjab National Bank has traded between ₹98.50 and ₹135.15 over the past 52 weeks, to 25 Oct 2026. It is currently 60% of the way up that range.

    Punjab National Bank (PNB) is classified under Banking on this site's screener.