PNB · NSE
Punjab National Bank
₹117.27
+0.69% (+₹0.8)
Prev. close
₹116.47
Volume
1,60,61,334
Delivery %
63.3%
As of
18 Sept 2026
Price history
Goldman Sachs Analysis · Goldman Sachs Group Inc. · 22 Aug 2026
“Initiated a Sell rating on Punjab National Bank with a target price of ₹103. The firm anticipates that gradual credit-cost normalisation and structurally lower core Pre-Provision Operating Profit (PPoP) margins will weigh on Return on Assets (RoA) progression for state-owned banks, including Punjab National Bank.”
Analyst sentiment
Analysts lean bullish
5 analyst stances · last 90 days · one per analyst
Trackable
5 · 4 bull / 0 neutral / 1 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Bullish on Punjab National Bank (PNB), recommending a buy in the 116.5-117.5 range with a stop-loss at ₹114 and a target…” | Virat JagadBonanza Portfolio | Punjab National Bank | PENDING | ||||
| “Bullish on Punjab National Bank (PNB) for the next 1-2 weeks, targeting ₹123 and ₹125, with a stop loss at ₹109. The sto…” | Vishnu Kant UpadhyayMaster Capital Services | Punjab National Bank | NOT GRADED | ||||
| “Initiated a Sell rating on Punjab National Bank with a target price of ₹103. The firm anticipates that gradual credit-co…” | Goldman Sachs AnalysisGoldman Sachs Group Inc. | Punjab National Bank | PENDING | ||||
“Initiated a Sell rating on Punjab National Bank with a target price of ₹103. The firm anticipates that gradual credit-cost normalisation and structurally lower core Pre-Provision Operating Profit (PPoP) margins will weigh on Return on Assets (RoA) progression for state-owned banks, including Punjab National Bank.” This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
| “Upgraded PNB shares to 'Add' from 'Reduce' with a target price of ₹120, implying over 7% upside. The Q1 FY27 results bea…” | JM Financial AnalysisJM Financial Institutional Securities | Punjab National Bank | PENDING | ||||
| “Reiterated a 'Buy' call on PNB with a target price of ₹135, implying 21% upside potential. The Q1 FY27 earnings beat was…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Punjab National Bank | PENDING | ||||
| “Bullish on Punjab National Bank (PNB) for the next 1-2 weeks, recommending a buy at ₹111.50 with target prices of ₹122 a…” | Vishnu Kant UpadhyayMaster Capital Services | Punjab National Bank (PNB) | NOT GRADED | ||||
| “Reiterated a 'BUY' rating on Punjab National Bank (PNB) with a target price of ₹135, based on 0.9x FY28E adjusted book v…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Punjab National Bank | PENDING | ||||
| “Upgraded Punjab National Bank (PNB) to 'ADD' with a revised target price of ₹120, up from ₹110, valuing the bank at 0.8x…” | JM Financial AnalysisJM Financial Institutional Securities | Punjab National Bank | PENDING | ||||
| “Upgraded Punjab National Bank (PNB) to 'Add' from 'Reduce' with an increased target price of ₹120, implying over 9% upsi…” | JM Financial AnalysisJM Financial Institutional Securities | Punjab National Bank | PENDING | ||||
| “Reiterated a 'Buy' rating on Punjab National Bank (PNB) with a target price of ₹135, indicating a 28% upside potential. …” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Punjab National Bank | PENDING | ||||
Fundamentals
About Punjab National Bank
Punjab National Bank provides various banking and financial products and services in India and internationally. The company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers personal banking products and services, including saving fund accounts, current accounts, fixed deposit, and capital gain account and gold monetization schemes; and housing, vehicle, education, personal, gold, and mortgage and other loans. It also provides various micro, small, and medium enterprises schemes and loans; banking products for government customers; agricultural schemes and loans; corporate banking products and services consist of loans against future lease rentals, working capital financing, and term loans; EXIM finance and cash management services, as well as gold card schemes for exporters; and international banking products and services. In addition, the company offers life and general insurance services; depository, mutual funds, merchant banking, and application supported by blocked amount services; and NRI banking and services. Further, the company provides mobile and internet banking, UPI, SMS banking, missed call, e-statement, ATM, passbook updating machine, and electronic cheque deposit machine services; and point of sale (PoS) is the payment acceptance solutions, NFC-enabled terminals facilitating quick payments, as well as debit and credit cards. Punjab National Bank was incorporated in 1894 and is headquartered in New Delhi, India.
Details
Sector
Financial Services
Industry
Banks - Regional
CEO
Mr. Ashok Chandra
Headquarters
New Delhi
Employees
1,03,184
Website
pnb.bank.inExchange
View on NSE ↗Key stats
Market cap
₹1.34 L Cr
P/E ratio (TTM)
6.1
Dividend yield
2.57%
EPS (TTM)
₹19.23
Beta (1Y · daily vs NIFTY 50)
1.29
Beta (5Y · monthly vs NIFTY 50)
1.64
Shares float
1,149.14 Cr
EPS · quarter ended Jun 2026
₹5.06
Upcoming earnings
15 Oct 2026
Financial Performance
01 · Financials
FY22 growth needs FY21 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹94,990.85 Cr | ₹88,339.49 Cr | ₹47,092.10 Cr | ₹55,260.52 Cr | ₹59,760.55 Cr | ₹62,619.97 Cr | |
| ₹2,561.98 Cr | ₹3,860.74 Cr | ₹3,348.45 Cr | ₹9,107.20 Cr | ₹18,480.29 Cr | ₹18,392.69 Cr | |
| Diluted EPS | ₹2.64 | ₹3.53 | ₹3.04 | ₹8.27 | ₹16.42 | ₹16 |
Employee benefit expense, Interest expense, Other income have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹12.80 L Cr | ₹13.39 L Cr | ₹14.94 L Cr | ₹15.99 L Cr | ₹18.58 L Cr | ₹20.33 L Cr | |
| Total debt | ₹52,298.14 Cr | ₹59,371.67 Cr | ₹70,148.62 Cr | ₹72,585.62 Cr | ₹71,999.07 Cr | ₹86,268.23 Cr |
| Stockholders' equity | ₹92,534.34 Cr | ₹97,581.92 Cr | ₹1.03 L Cr | ₹1.10 L Cr | ₹1.33 L Cr | ₹1.50 L Cr |
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹1,372.15 Cr | ₹19,932.32 Cr | ₹22,592.10 Cr | ₹-27,939.44 Cr | ₹22,075.28 Cr | ₹25,635.41 Cr | |
| Investing cash flow | ₹-786.84 Cr | ₹-1,104.37 Cr | ₹-732.47 Cr | ₹-1,506.42 Cr | ₹-1,577.63 Cr | ₹-609.00 Cr |
| ₹34,993.36 Cr | ₹2,031.50 Cr | ₹1,274.98 Cr | ₹3,517.57 Cr | ₹-1,138.26 Cr | ₹-11,664.01 Cr | |
| Capital expenditure | ₹-786.84 Cr | ₹-536.38 Cr | ₹-552.39 Cr | ₹-1,175.00 Cr | ₹-1,601.41 Cr | ₹-1,624.58 Cr |
| End cash position | ₹1.13 L Cr | ₹1.34 L Cr | ₹1.57 L Cr | ₹1.31 L Cr | ₹1.51 L Cr | ₹1.64 L Cr |
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21–Jun 24(12Q) | Sep 24–Jun 26(9Q) |
|---|---|---|
| Promoter | 73.15% | 70.08% |
| Public | 26.85% | 29.92% |
| Employee trusts | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Financial Services
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| HDFC Bank Limited | ₹11.27 L Cr | ₹731 | 16.2 | 1.38 | 8.6% | 0.81 | +4.7% | -25.2% |
| ICICI Bank Limited | ₹9.75 L Cr | ₹1,347.6 | 17.6 | 2.69 | 14.9% | 0.57 | +9.1% | -5.0% |
| State Bank of India | ₹9.16 L Cr | ₹996.2 | 10.6 | 1.54 | 14.0% | 1.22 | +9.2% | +16.6% |
| Bajaj Finance Limited | ₹6.31 L Cr | ₹1,040.3 | 31.1 | 5.54 | 16.7% | 3.10 | +19.7% | +4.4% |
| Life Insurance Corporation Of India | ₹5.06 L Cr | ₹407.7 | 8.4 | 2.87 | 32.5% | — | +8.7% | -54.2% |
| Kotak Mahindra Bank Limited | ₹4.08 L Cr | ₹415 | 20.5 | 2.25 | 10.6% | 0.53 | -0.3% | -79.5% |
| Axis Bank Limited | ₹3.86 L Cr | ₹1,240 | 14.0 | 1.80 | 12.3% | 1.30 | +4.0% | +10.1% |
| Bajaj Finserv Limited | ₹2.98 L Cr | ₹1,852.5 | 29.4 | 3.82 | 12.6% | 4.64 | +13.6% | -10.5% |
| Shriram Finance Limited | ₹2.34 L Cr | ₹1,010 | 17.6 | 3.55 | 15.2% | 2.76 | +13.9% | +61.1% |
| SBI Life Insurance Company Limited | ₹1.77 L Cr | ₹1,731 | 68.0 | 9.29 | 12.9% | — | -4.3% | -5.0% |
| ICICI Prudential Asset Management Company Limited | ₹1.53 L Cr | ₹3,098 | 43.8 | 36.57 | 79.1% | — | +23.1% | — |
| Punjab National Bank | ₹1.34 L Cr | ₹117.27 | 6.1 | 0.89 | 12.3% | 0.58 | +4.8% | +4.8% |
Ranked by market cap within Financial Services, same metrics as the Fundamentals screener. Click a column to sort.
Documents
IPO documents
Annual reports
Show all 26
Concall transcripts
Show all 12
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
45 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.