NSE: PNB · BSE: 532461 · ISIN INE160A01022
Punjab National Bank stock analysis
Punjab National Bank ranks #1690 in the TickerSutra evidence-ranked universe with a score of 51/100 and 95% data confidence. The latest captured fundamentals show ROCE of 6.1%, quarterly sales growth of 3.1% and quarterly profit growth of 174.3%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Strong CFO/EBITDA of 2.65×
- Institutional ownership is rising
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹76,242cr | ₹-6,607cr | ₹3,908cr | -9.0% |
| 2023 | ₹86,845cr | ₹-6,473cr | ₹3,359cr | -7.0% |
| 2024 | ₹1,09,065cr | ₹908cr | ₹9,157cr | 1.0% |
| 2025 | ₹1,24,010cr | ₹10,563cr | ₹18,553cr | 9.0% |
| 2026 | ₹1,30,772cr | ₹9,672cr | ₹18,467cr | 7.0% |
| TTM | ₹1,31,789cr | ₹9,587cr | ₹22,134cr | 7.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
RoutineAnalyst/Investor Meet Para A-XBRLNSE · 29 Sept 2026 · Structured filingPunjab National Bank has informed the Exchange about Schedule of Analysts or Institutional Investors Meet
Punjab National Bank has informed the Exchange about Schedule of Analysts or Institutional Investors Meet
Open original XBRL sourceConfirmation of Redemption/Payment of Interest and Principal
RoutineConfirmation of Redemption/Payment of Interest and PrincipalNSE · 21 Sept 2026Confirmation of Redemption/Payment of Interest and Principal
RoutineAnalyst/Investor Meet Para A-XBRLBSE · 21 Sept 2026Punjab National Bank has informed the Exchange about Schedule of Analysts or Institutional Investors Meet
RoutinePunjab National Bank - 532461 - Announcement under Regulation 30 (LODR)-Credit RatingNSE · 18 Sept 2026Rating action by Moody''s, Fitch and Care Edge Ratings
MANAGEMENT COMMENTARY
Signals from filed documents
Indian Banking Sector The Indian banking sector in FY 2026-27 stands as a pillar of the nation's dynamic economic growth trajectory. Following years of aggressive deleveraging and regulatory tightening by the Reserve Bank of India (RBI), the sector has entered a "Goldilocks" phase, balancing robust credit demand with historically low levels of stressed assets. as households and institutions moved money into safer ave
Simultaneously, our current account variants are designed to cater to the specific transaction logic and cash-management requirements of MSMEs, retail traders, and institutional clients. By pairing these specialized product offerings with dedicated relationship-led sales teams and enhanced digital onboarding journeys, the Bank is uniquely positioned to deepen primary banking relationships, accelerate new-to-bank cust
Negative: Financial Loss due to damage to physical assets and disruptions in operations. Financial losses through stressed assets, higher loan defaults, and increased regulatory costs. It also heightens exposure to volatile market shifts as industries adapt stricter environmental policies.
So firstly, in terms of margins, I know you gave your guidance and outlook. Because we are seeing margin expansion at state -owned banks, and we are seeing margin contraction in quite a few priva te banks. So how sustainable are these margins?
Improved Financing under Cluster Business: The Bank has 39 active clusters currently and it is increasing the number of clusters on continuous basis. 34 Fisheries clusters approved by the GoI is under focus area. Leveraging Newly Launched Digital Journeys/ Other products: Prioritizing high-impact products like Warehouse Receipt (WHR)/e - Negotiable Warehouse Receipt (NWR), cold chain storage, PM-KUSUM, and Kisan Samr
The Indian Rupee’s depreciation in FY 2025-26 was primarily driven by elevated 86 87 global crude oil prices and intensified geopolitical tensions in West Asia, which significantly widened the Current Account Deficit (CAD). This external pressure was compounded by a robust US Dollar and persistent Foreign Institutional Investor (FII) outflows from domestic equities, triggered by a "risk-off" global sentiment. Further
And the global NIM was 2.47% in the Q4, which has gone to 2.50%. I am confident to witness healthy Q -o-Q improvement in margins in the coming quarters and achieving our guidance for the financial year '26-'27. Our NII, which was negative in previous financial year, has also turned positive in the Q1 and has remained at INR10,798 crores with sequential growth of 4%.
Crude oil prices (Brent/WTI Crude) hovering in the range of $86 - $113 a barrel, pose a direct threat to the fiscal deficit and household disposable income. Higher input costs associated with increase While the "war-induced" energy stall and global supply chain disruptions are real threats, India’s robust domestic demand, financial systems and manufacturing momentum suggest it will remain the global economy’s primary
Risk Management Framework for BO: IBU Gift City Acting as Trading and Clearing Member On “India International Bullion Exchange IFSC Limited” (IIBX). Framing of new policies/framework for group entities i.e New Product Approval, Incident Response Framework, Climate Risk & Environmental, Social, and Governance (ESG) Risk. These policies/ Framework serves as a broad guiding document for group entities for formulating po
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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