Punjab National Bank (PNB)

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Punjab National Bank (PNB) · mywealthgrid

About

Punjab National Bank is a public sector bank in the Financials sector. With a market cap of ₹1,35,616.22 Cr, it operates as a significant domestic lender with an operating profit margin of 74.74%, reflecting stable profitability from core net interest income and deposit-taking operations.

Founded: 1894
Face value: ₹2

Market cap

₹1,25,928 Cr

P/E

5.3×

P/B

0.8×

Dividend yield

5.4%

ROE

14%

ROCE

6.1%

Debt / equity

0.72

OPM

74.7%

EPS (TTM)

₹20.6

Book value

₹130.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin fluctuates 71–77% across recent quarters; verify whether this reflects interest-rate sensitivity, credit-cost variations, or asset-quality pressures
ROE of 13.96% is modest; check whether capital efficiency is limited by regulatory leverage constraints, deposit franchise size, or loan-pricing pressures
Quarterly revenue flat over Sep 2025–Jun 2026 (range ₹31.9–33.6 Cr); verify whether loan growth is constrained by capital ratios, deposit limits, or weak credit demand
PE of 5.74 suggests market skepticism; verify recent NPA trends and whether current profitability (₹4.9–5.8 Cr per quarter) is sustainable

Generated analysis · source review pending

Growth drivers

Jun 2026 net profit of ₹5,834.77 Cr (latest quarter, highest in recent period) demonstrates earnings power; verify whether consistent profitability at this level can fund organic loan growth
OPM of 74.74% (current) against quarterly range of 71–77%; verify whether rate environment or deposit-cost trends are expanding or compressing margins
Recurring dividends (annual since 2022 per corporate events) funded by ₹4.9–5.8 Cr quarterly net profit; verify whether payout ratio is sustainable or could grow with profitability
Deposit-base stability: consistent quarterly profit suggests asset quality and underwriting discipline; verify whether deposit franchise growth can support higher loan origination

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹109.6-2%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 74.7%
+Profit CAGR of 44.8% over the last 5 years
+Dividend yield of 5.4%
+Dividend payout of 28.7% of profit
+High promoter holding of 70.1% with no pledge

Cons

−Modest revenue growth of 9.8% a year over the last 5 years
−Weak interest coverage of 1.3×

Research score

Structured signal from quality, growth, valuation and momentum.

71/100

Business quality: 41
Growth: 71

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY NEXT 50 NIFTY 100 NIFTY 200 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Union Bank Of IndiaUNIONBANKUNIONBANK	₹1,27,932 Cr	₹2,05,729 Cr	₹1,07,587 Cr	₹73,406 Cr	68.7%	₹21,275 Cr	18.2%	6.3%	16.2%	—
Punjab National BankPNBPNB	₹1,25,928 Cr	₹2,33,486 Cr	₹1,31,789 Cr	₹98,411 Cr	74.7%	₹23,619 Cr	14.1%	6.1%	14%	—
Bank Of BarodaBANKBARODABANKBARODA	₹1,19,366 Cr	₹2,89,663 Cr	₹1,36,546 Cr	₹87,324 Cr	64.3%	₹18,478 Cr	14.5%	5.6%	12.5%	—
Canara BankCANBKCANBK	₹1,07,361 Cr	₹2,62,648 Cr	₹1,27,805 Cr	₹91,291 Cr	69.7%	₹20,708 Cr	15.6%	6.5%	16.7%	—
Indian BankINDIANBINDIANB	₹1,06,837 Cr	₹1,53,644 Cr	₹69,314 Cr	₹46,956 Cr	69.4%	₹13,030 Cr	17.3%	6.3%	15.8%	—
Bank Of MaharashtraMAHABANKMAHABANK	₹61,917 Cr	₹97,151 Cr	₹30,262 Cr	₹20,806 Cr	68.1%	₹7,624 Cr	24%	6%	22.6%	—
Bank Of IndiaBANKINDIABANKINDIA	₹58,948 Cr	₹1,77,574 Cr	₹77,244 Cr	₹55,814 Cr	72.3%	₹12,098 Cr	13.6%	5.9%	12.3%	—
Indian Overseas BankIOBIOB	₹58,502 Cr	₹1,10,104 Cr	₹33,290 Cr	₹20,072 Cr	64.5%	₹6,159 Cr	17%	6.1%	16.3%	—
Uco BankUCOBANKUCOBANK	₹28,753 Cr	₹57,441 Cr	₹25,067 Cr	₹14,864 Cr	59.3%	₹2,491 Cr	9.9%	5.8%	8.6%	—
Central Bank Of IndiaCENTRALBKCENTRALBK	₹27,154 Cr	₹59,008 Cr	₹37,270 Cr	₹23,376 Cr	62.2%	₹4,584 Cr	12.5%	5.6%	12%	—
Punjab & Sind BankPSBPSB	₹14,872 Cr	₹31,225 Cr	₹12,284 Cr	₹8,574 Cr	69.5%	₹1,384 Cr	11%	5.9%	9.6%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	54,918	81,866	76,242	86,845	1,09,065	1,24,010	1,30,772
Interest	36,997	50,805	46,823	51,817	68,534	80,704	88,069
Expenses	26,482	40,402	36,026	39,535	40,365	34,310	33,031
Financing profit	-8,561	-9,340	-6,607	-4,507	166	8,996	9,672
Financing margin %	-15.6%	-11.4%	-8.7%	-5.2%	0.2%	7.3%	7.4%
Other income	9,388	13,124	12,098	12,240	13,329	16,447	18,691
Depreciation	—	—	896	2,872	163	-609	1,281
Profit before tax	949	4,327	4,826	5,151	14,160	27,166	28,453
Tax	464	1,632	919	1,792	5,003	8,613	9,986
Tax %	48.9%	37.7%	19%	34.8%	35.3%	31.7%	35.1%
PAT	485	2,695	3,908	3,359	9,157	18,553	18,467
EPS (₹)	0.8	2.6	3.5	3	8.3	16.4	16
EPS adjusted (₹)	—	3	3.7	3.3	9	17.1	17.2
	0%	0%	18.1%	21.4%	18.1%	17.7%	18.8%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	—	Annual report for Mar 2026

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	2,096	2,202	2,202	2,202	2,299	2,299
Reserves	90,439	95,380	1,00,678	1,08,185	1,30,839	1,47,674
Deposits	11,13,717	11,54,234	12,90,347	13,79,225	15,77,020	17,24,795
Borrowings	52,298	59,372	70,149	72,586	1,05,807	1,07,558
Other liabilities	21,176	28,113	30,273	36,438	41,579	51,005
Total equity & liabilities	12,79,725	13,39,301	14,93,649	15,98,636	18,57,544	20,33,331
Fixed assets	11,049	10,696	12,084	12,348	13,083	15,625
Investments	4,04,369	3,88,586	4,16,914	4,46,421	5,24,840	5,23,515
	8,64,307	9,40,019	10,64,651	11,39,867	13,19,620	14,94,191
Total assets	12,79,725	13,39,301	14,93,649	15,98,636	18,57,544	20,33,331

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,372	19,932	22,592	-27,939	22,075	25,635
	-787	-1,104	-732	-1,506	-1,578	-609
	34,993	2,032	1,275	3,518	-1,138	-11,664
Net cash flow	35,579	20,859	23,135	-25,928	19,359	13,362
Free cash flow	585	19,396	22,040	-29,083	20,474	24,011
CFO / Operating profit %	3.3%	49.6%	47.8%	-40.7%	24.6%	26.2%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Corporate / Wholesale Banking	56,734.27	12,386.64	8,64,796.2	8,13,745.08	51,051.12	24.26
Treasury Operations	44,781.17	11,371.16

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
PAT margin %	0.9%	3.3%	5.1%	3.9%	8.4%	15%	14.1%
Return ratios
Return on assets %	—	0.2%	0.3%	0.2%	0.6%	1%	0.9%
Return on capital employed %	—	4.3%	4%	4.1%	5.4%	6.3%	6.1%
Return on equity %	—	2.9%	4%	3.3%	8.3%	13.9%	12.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Margin, working-capital and leverage ratios are omitted: a bank funds itself with deposits and books interest as its cost of revenue, so they would measure something other than what they name.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.15%	73.15%	73.15%	73.15%	70.08%	70.08%	70.08%	70.08%	70.08%	70.08%	70.08%	70.08%
	2.65%	3.1%	4.82%	5.51%	8.41%	5.7%	5.7%	5.52%	5.67%	5.94%	6.39%	5.93%
	13.8%	13.74%	12.36%	10.77%	11.66%	14.31%	14.67%	15.07%	15.54%	16.08%	16.05%	16.07%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	10.4%	10.01%	9.67%	10.57%	9.85%	9.91%	9.55%	9.33%	8.71%	7.9%	7.48%	7.92%
No. of shareholders	—	—	—	—	—	—	—	—	24,55,484	23,09,003	22,22,889	22,31,532

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹113.1 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹113.8	+0.6	+0.5%	₹113.8	30,507	-525	2,794	8000
23 Nov 2026	₹114.4	+0.9	+0.8%	₹114.4	2,137	+16	93	8000
29 Dec 2026	₹115.0	+1.6	+1.4%	₹115.0	8	+8	10	8000

Open the chart icon on a row for that contract's close over 103 stored sessions, with open interest as bars beneath it.

36

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	94

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

103

across 20 fund houses

Held by these funds

4.13%

of the company's equity

All mutual funds

6.51%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

103 schemes · 20 fund houses

		Shares
Contra Fund	SBI Mutual Fund	11.58 Cr	1,323.32	2.78%	1.008%	-0
Balanced Advantage Fund	SBI Mutual Fund	6.68 Cr	762.71	1.82%	0.581%	-0
ETF NIFTY PSU BANK BEES	Nippon India Mutual Fund	3.8 Cr	433.52	10.73%	0.33%	-7.38 L
Arbitrage FundNEW	SBI Mutual Fund	3.31 Cr	378.33	0.8%	0.288%	—
Portfolio of Kotak Nifty PSU Bank ETF	Kotak Mahindra Mutual Fund	2.55 Cr	291.28	10.73%	0.222%	+19.85 L
ETF NIFTY BANK BEES	Nippon India Mutual Fund	2.48 Cr	283.11	3.37%	0.216%	-2.03 L
Multi Asset Allocation Fund	SBI Mutual Fund	2.1 Cr	239.88	1.15%	0.183%	-0
Nifty Next 50 Index Fund	ICICI Prudential Mutual Fund	1.37 Cr	156.61	1.55%	0.119%	+2.19 L

1–8 of 103

1 / 13

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

47 announcementsExport CSV

17 Sept 2026, 10:16 pmAGM/EGM

Cancellation Of Extraordinary General Meeting

EGM PDF

17 Sept 2026, 9:51 pmCompany Update

Election Of Shareholder Director Of The Bank

General PDF

16 Sept 2026, 11:25 pmCompany Update

Announcement Under Regulation 30 (LODR)

General PDF

11 Sept 2026, 3:38 pmCompany Update

Profile Of Shri Divesh Sehara, Director Of The Bank

General PDF

10 Sept 2026, 8:49 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Directorate

Change in Directorate PDF

9 Sept 2026, 6:48 pmCompany Update

Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Notice Of Strike

General PDF

1 Sept 2026, 3:15 pmCompany Update

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

Analyst / Investor Meet PDF

1 Sept 2026, 11:43 amAGM/EGM

Notice Of Extraordinary General Meeting Of The Bank

EGM PDF

Date	Category	Subject	Filing
17 Sept 2026, 10:16 pm	AGM/EGM EGM	Cancellation Of Extraordinary General Meeting	PDF
17 Sept 2026, 9:51 pm	Company Update General	Election Of Shareholder Director Of The Bank

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
PAT margin %	0.9%	3.3%	5.1%	3.9%	8.4%	15%	14.1%
Return ratios
Return on assets %	—	0.2%	0.3%	0.2%	0.6%	1%	0.9%
Return on capital employed %	—	4.3%	4%	4.1%	5.4%	6.3%	6.1%
Return on equity %	—	2.9%	4%	3.3%	8.3%	13.9%	12.3%

6 deals · 21 Feb 2024 – 16 Oct 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
16 Oct 2025	GOLDMAN SACHS (SINGAPORE) PTE.- ODI	Block	NSE	Sell	12,09,279	₹117.00	₹14.15 Cr
16 Oct 2025	GOLDMAN SACHS BANK EUROPESE - ODI	Block	NSE	Buy	12,09,279	₹117.00	₹14.15 Cr
29 Feb 2024	BNP PARIBAS ARBITRAGE	Bulk	NSE	Sell	7,38,62,981	₹121.65	₹898.54 Cr
29 Feb 2024	BNP PARIBAS ARBITRAGE	Bulk	NSE	Buy	59,387	₹121.42	₹0.72 Cr
21 Feb 2024	THE JUPITER GLOBAL FUND-JUPITER INDIA SELECT	Block	BSE	Buy	26,58,887	₹129.50	₹34.43 Cr
21 Feb 2024	JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED	Block	BSE	Sell	26,58,887	₹129.50	₹34.43 Cr

1–6 of 6

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Punjab National Bank

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

3

36

Fund holders

Documents

Announcements

Events

Announcements

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

14

1

1

3

36

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Corporate / Wholesale Banking · revenue

Punjab National Bank

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Futures3

Option chain36

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Announcements

Quarterly record

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends14

Board meetings1

Stock splits1

Bulk & block deals

Board and management

Futures3

Option chain36

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Corporate / Wholesale Banking · revenue

3

36

14

1

1

3

36