MarketFriction

Punjab & Sind Bank

NSE PSB · BSE 533295 · Public Sector Bank
₹20.96 -1.73%
NSE close2026-10-01
52 week range20.50 - 32.46
Market cap₹14,979 Cr.
P/E10.8
Nifty PSU Bank Price band 20% Delivery 53.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue2,4062,4912,4812,6522,7392,9313,1592,9112,9993,0423,0303,213
Interest1,7311,7521,7921,8021,8661,9922,0372,0102,0492,0562,0552,175
Expenses6489208758319249021,3561,0469671,037787920
Financing Profit27-181-18619-5236-234-146-17-51188119
Financing Margin %1%-7%-8%1%-2%1%-7%-5%-1%-2%6%4%
Other Income268362413194359338677469374507427332
Depreciation000000000000
Profit before tax295181227213307375442323357456615451
Tax %36%37%39%15%22%25%29%17%18%26%31%27%
Net Profit189114139182240282313269295336422332
EPS in Rs0.280.170.210.270.350.420.440.380.420.470.590.47
Gross NPA %6.23%5.70%5.43%4.72%4.21%3.83%3.38%3.34%2.92%2.60%2.40%2.21%
Net NPA %1.88%1.80%1.63%1.59%1.46%1.25%0.96%0.91%0.83%0.74%0.79%0.65%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue8,7448,1737,9498,5597,9306,9747,0967,9939,69411,48111,98212,284
Interest6,5696,0145,7146,2795,8724,7124,4445,0196,8537,6988,1708,335
Expenses2,1102,5363,3473,9814,4236,4682,2872,1452,9753,8693,6603,710
Financing Profit66-377-1,112-1,702-2,366-4,206364828-134-85152239
Financing Margin %1%-5%-14%-20%-30%-60%5%10%-1%-1%1%2%
Other Income4785785818288979049599401,2211,5681,7781,641
Depreciation46064-15541021371481501451770
Profit before tax498201-595-859-1,522-3,4041,1871,6209371,3381,7521,881
Tax %33%0%25%-37%-35%-20%12%19%36%24%25%
Net Profit336201-744-543-991-2,7331,0391,3135951,0161,3221,384
EPS in Rs8.395.02-13.17-9.62-14.13-6.741.531.940.881.431.861.95
Dividend Payout %20%0%0%0%0%0%20%25%23%5%21%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth3%11%14%5%
Compounded Profit Growth15%20%0%25%
Stock Price CAGR-8%4%-23%-29%
Return on Equity0%8%7%10%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4004004005655657014,0536,7786,7786,7787,0967,096
Reserves5,1965,5705,7425,6185,1364,8954,3107,2338,3318,7566,2597,037
Deposits88,04091,25085,540101,72698,55889,66896,108102,137109,665119,410129,774145,829
Borrowing1,7232,8392,9583,6832,7143,2132,6442,4449,0189,77114,23016,352
Other Liabilities2,3942,5222,0022,1672,0092,0273,3672,4762,6622,9434,4572,957
Total Liabilities97,753102,58196,643113,759108,982100,504110,482121,068136,455147,657161,815179,270
Fixed Assets9951,1331,0951,0831,2301,2411,5851,5771,5191,7561,7981,862
CWIP000000000000
Investments24,00727,64527,94832,98226,17324,55232,02342,28144,83849,59946,91249,388
Other Assets72,75273,80367,60079,69581,57974,71176,87477,20990,09796,302113,105128,020
Total Assets97,753102,58196,643113,759108,982100,504110,482121,068136,455147,657161,815179,270
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-1,982930-4951,063-972,210-5,848-5,9991,4281,746-2,294-1,893
Cash from Investing Activity-84-38-33-51-61-63-446-121-88-229-168-241
Cash from Financing Activity-39-2092161,531-3568145,0554,068-1,332-4313,898-387
Net Cash Flow-2,105683-3132,543-5142,960-1,239-2,05181,0861,437-2,521
Free Cash Flow-2,066892-5291,012-1582,147-6,294-6,1191,3401,518-2,461-2,134
CFO/OP-30%14%-9%28%3%73%-1,111%-142%27%31%-39%-19%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %2%6%3%-12%-9%-18%-39%9%9%4%7%10%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters98.25%98.25%98.25%98.25%98.25%98.25%93.85%93.85%93.85%93.85%93.85%93.85%
FIIs0.03%0.01%0.02%0.00%0.00%0.00%0.73%0.25%0.16%0.16%0.15%0.14%
DIIs0.68%0.65%0.65%0.65%0.65%0.65%4.32%4.08%4.03%4.00%3.90%3.81%
Public1.05%1.09%1.09%1.11%1.11%1.10%1.11%1.82%1.96%1.99%2.09%2.21%
No. of Shareholders1,55,1151,56,1091,84,6791,91,4451,99,3511,99,1331,99,8212,22,2342,22,1202,22,4152,22,3012,21,849

Fundamentals

Market Cap₹ 14,979 Cr.
Current Price₹ 21.1
Stock P/E10.8
Book Value₹ 20.6
ROCE5.95 %
ROE9.62 %
Dividend Yield1.85 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)25%
Standalone figures.
Valuation
Market capRs 14,872 Cr
Enterprise valueRs 170,824 Cr
P/E (TTM)10.74x
Price to book1.05x
Price to sales1.21x
EV / EBITDA16.44x
EV / EBIT16.72x
EV / sales13.91x
Earnings yield9.31%
Dividend yield1.86%
P/E, 3-year average36.51x
P/B, 3-year average1.99x
P/E, 5-year average26.57x
P/B, 5-year average1.57x
Profitability
Operating margin (excl. other income)69.45%
Operating margin (incl. other income)84.29%
EBITDA margin84.60%
Pre-tax margin15.31%
Net profit margin11.27%
Net margin, latest quarter10.32%
ROE9.62%
ROCE5.95%
ROA0.78%
ROE, 3-year average6.85%
ROCE, 3-year average5.84%
ROA, 3-year average0.62%
ROE, 5-year average7.77%
ROCE, 5-year average5.55%
ROA, 5-year average0.75%
ROIC (approx.)4.53%
Tax rate24.56%
Other income / net worth12.58%
Growth
Sales growth (latest year)4.36%
Profit growth (latest year)30.13%
Sales CAGR, 3 years14.45%
Sales CAGR, 5 years11.43%
Profit CAGR, 3 years0.23%
Sales growth QoQ6.05%
Profit growth QoQ-21.41%
Sales growth YoY (latest quarter)10.40%
Profit growth YoY (latest quarter)23.16%
Per share
EPS (TTM)Rs 1.95
EPS (latest year)Rs 1.86
EPS (latest quarter)Rs 0.47
EPS, 3-year averageRs 1.39
EPS, 5-year averageRs 1.53
Book value per shareRs 19.92
Sales per shareRs 17.31
Cash flow per shareRs -2.67
Free cash flow per shareRs -3.01
Dividend per share (latest year)Rs 0.39
Dividend per share, 3-year averageRs 0.22
Dividend per share, 5-year averageRs 0.29
Dividends
Dividend payout20.93%
Dividend payout, 3-year average16.20%
Dividend payout, 5-year average18.72%
Efficiency
Asset turnover0.07x
Fixed asset turnover6.43x
Leverage
Total debtRs 162,181 Cr
Cash and bankRs 6,230 Cr
Net debtRs 155,952 Cr
Debt to equity11.48x
Net debt / EBITDA15.01x
Interest coverage1.23x
Owners' fund to total sources7.88%
Debt to assets90.47%
Cash flow
Cash from Operating Activity (latest year)Rs -1,893 Cr
Cash from Investing Activity (latest year)Rs -241 Cr
Cash from Financing Activity (latest year)Rs -387 Cr
Net Cash Flow (latest year)Rs -2,521 Cr
Free cash flow (latest year)Rs -2,134 Cr
FCFE (approx.: FCF + change in debt)Rs 16,044 Cr
Cash from ops / profit, 5 years-1.33x
Statement figures
Net sales (TTM)Rs 12,284 Cr
Net sales (latest year)Rs 11,982 Cr
Sales (latest quarter)Rs 3,213 Cr
Operating profit excl. other income (latest year)Rs 8,322 Cr
Operating profit (latest quarter)Rs 2,294 Cr
Other income (TTM)Rs 1,641 Cr
EBITDA (TTM)Rs 10,392 Cr
PBDT (TTM)Rs 2,058 Cr
Profit before tax (TTM)Rs 1,881 Cr
Tax (latest year)Rs 430 Cr
Net profit (TTM)Rs 1,384 Cr
Net profit (latest year)Rs 1,322 Cr
Net profit (latest quarter)Rs 332 Cr
Depreciation (TTM)Rs 177 Cr
Interest (TTM)Rs 8,335 Cr
Cost of goods sold (latest year)Rs 63 Cr
Total expenditure (latest year)Rs 3,660 Cr
Total income (latest year)Rs 13,759 Cr
Share capitalRs 7,096 Cr
ReservesRs 7,037 Cr
Shareholders' fundsRs 14,132 Cr
Total assetsRs 179,270 Cr
Net blockRs 1,862 Cr
InvestmentsRs 49,388 Cr
Other liabilitiesRs 2,957 Cr
Shares outstanding (crore)709.56
Ownership
Promoter holding93.85% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 10.7 is at the 5th percentile of its own 5.4-year range (median 23.0, low 9.6, high 191.8).
P/B 1.05 is at the 4th percentile (median 1.85).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodPSBNifty 50Difference
1 week-3.8%-2.8% -1.0 pts
1 month-7.2%-6.8% -0.4 pts
3 months-15.3%-7.6% -7.7 pts
6 months+1.5%+0.4% +1.0 pts
1 year-28.4%-9.9% -18.5 pts
2 years-63.4%-13.6% -49.9 pts
3 years-54.8%+14.2% -69.0 pts
5 years+19.4%+27.9% -8.5 pts
2 mutual fund schemes hold about ₹0 Cr. Over three months 1 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Groww Nifty PSU Bank Index Fund0.27%0 +12%
Motilal Oswal BSE 1000 Index Fund0.01%0

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was -83% of net profit over the last 3 years
explainLow interest cover Interest cover 1.2x in 2026
lookProfit leans on other income Other income was 101% of pre-tax profit in 2026
lookAuditor change Auditor change 2025-12-08: Punjab & Sind Bank has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Revenue ₹3,213 Cr +10.4% vs Jun 2025. Net profit ₹332 Cr +23.4%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
State Bank of India890,49210.66.13 %
Punjab National Bank128,4345.816.13 %
Union Bank of India126,7186.146.30 %
Bank of Baroda117,7425.335.63 %
Canara Bank108,4035.466.52 %
Indian Bank107,1178.386.32 %
Bank of Maharashtra60,8868.086.03 %
Indian Overseas Bank59,59910.46.07 %
Bank of India59,2355.035.93 %
UCO Bank28,90410.35.55 %
Central Bank of India27,1905.965.64 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-07-21Dividend - Re 0.39 Per Share
2025-07-29Dividend - Rs 0.07 Per Share
2024-07-16Dividend - Re 0.20 Per Share
2023-07-04Annual General Meeting/Dividend - Re 0.48 Per Share
2022-07-04Annual General Meeting/Dividend - Rs 0.31 Per Share
2021-07-12 Annual General Meeting
2020-08-03 Annual General Meeting
2019-07-03 Annual General Meeting
2018-06-21 Annual General Meeting
2017-06-21 Annual General Meeting
2016-06-20 Annual General Meeting/ Dividend- Rs 1.65/- Per Share
2015-06-19Annual General Meeting/ Dividend - Re 0.60/- Per Share
2014-06-12Annual General Meeting / Final Dividend - Re 0.60/- Per Share
2014-01-27Interim Dividend Rs 1.60/- Per Share
2013-06-06Annual General Meeting/Dividend Rs 2.68 Per Equity Share
2012-06-14Annual General Meeting/Dividend Rs 2 Per Share
2011-05-31Dividend-Rs.2/- Per Share
DateTypeWhat it says
2026-10-01UpdatesProvisional Business figures of the Bank.
2026-09-29Board meeting outcomeOutcome of Board Meeting held on September 29, 2026.
2026-09-23Director changeChange in Director(s) of the company.
2026-09-22UpdatesNotice of Strike.
2026-09-10Credit RatingCredit Rating
2026-09-10General UpdatesStrike
2026-09-01Investor PresentationInvestor Presentation
2026-08-22Credit RatingCredit Rating
2026-08-13Director changeChange in Director(s) of the company.
2026-07-28Shareholder meetingProceedings of Annual General Meeting held on July 28, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with v...
2026-07-27Concall / analyst meetTranscript
2026-07-20Concall / analyst meetLink of Recording
2026-07-18Investor PresentationInvestor Presentation
2026-07-18Press ReleaseA press release dated July 18, 2026, titled "FINANCIAL RESULTS FOR THE QUARTER ENDED 30th June 2026".
2026-07-18Board meeting outcomePunjab & Sind Bank has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-15Concall / analyst meetSchedule of meet
2026-07-08UpdatesReceipt of Licence from IFSCA for establishing IFSC Banking Unit at GIFT IFSC.
2026-07-06UpdatesBusiness Responsibility and Sustainability Report.
2026-07-06Shareholder meetingNotice of Annual General Meeting to be held on July 28, 2026
2026-07-02Record DateRecord date for the purpose of Dividend is 21-Jul-2026.
2026-07-02Shareholder meetingNotice of Annual General Meeting to be held on July 28, 2026
2026-07-01Change in ManagementChange in Management
2026-07-01UpdatesProvisional Business figures of the Bank .
2026-06-09Disclosure under SEBI TakeovPunjab & Sind Bank has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) and 31 (5) of the Securities and Exchange Board of India ...
2026-05-07Strikes/Lockouts/DisturbanceStrikes/lockouts/disturbances
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-07-09NCLTM/s. Punjab & Sind Bank V/s. M/s. Alpine Realtech Pvt. Ltd. Vs N/A
2021-03-26NCLTM/s. Punjab & Sind Bank V/s. M/s. Alpine Realtech Pvt. Ltd. Vs N/A
2021-03-08NCLTM/s. Punjab & Sind Bank V/s. M/s. Alpine Realtech Pvt. Ltd. Vs N/A
2021-02-08NCLTM/s. Punjab & Sind Bank V/s. M/s. Alpine Realtech Pvt. Ltd. Vs N/A
2021-01-27NCLTM/s. Punjab & Sind Bank V/s. M/s. Alpine Realtech Pvt. Ltd. Vs N/A
2020-08-21NCLTM/s. Punjab & Sind Bank V/s. M/s. Alpine Realtech Pvt. Ltd. Vs N/A
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Punjab & Sind Bank?

Punjab & Sind Bank (PSB) has a market capitalisation of Rs 14,979 Cr. at the 2026-10-01 close.

What is the P/E ratio of Punjab & Sind Bank?

Punjab & Sind Bank trades at a P/E of 10.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Punjab & Sind Bank's latest quarterly results?

In the Jun 2026 quarter, Punjab & Sind Bank revenue was Rs 3,213 Cr (+10.4% vs Jun 2025) and net profit was Rs 332 Cr.

What is the 52-week high and low of Punjab & Sind Bank?

The 52-week high is Rs 32.46 and the 52-week low is Rs 20.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03