Punjab National Bank Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Attractively valued vs sector (P/E 6.1x vs industry 33.1x)
- Trading below book value (P/B 0.9x)
- Regular dividends — yield 2.5%
Concerns
Today's Price Action
The stock closed at ₹120.31, unchanged from the previous close. Trading volume matched the 20‑day average at 8,376,640 shares, indicating a typical level of market participation. The lack of price movement suggests buying and selling pressure throughout the session.
Valuation Snapshot
The trailing P/E stands at 6.05, substantially lower than the sector average, which is not disclosed. Return on equity is 13%, reflecting decent profitability relative to the capital base. A P/B of zero indicates that book value is not reflected in the market price, a characteristic seen in banks.
Key Levels to Watch
The current price sits roughly 21% above the 52‑week low of ₹98.5 and about 11% below the 52‑week high of ₹135, placing it in the upper half of its yearly range. Open interest in the nearest strike options suggests modest resistance around ₹124 and support near ₹115. Historical volume spikes have tended to occur near the ₹120‑₹122 band, offering a reference point for future liquidity.
Chart Pattern
On the daily chart, a Dragonfly Doji appeared seven days ago followed by a Hanging Man on the same day, both indicating indecision and a potential shift in short‑term momentum. Both formations emerged on the daily timeframe, which traders commonly use to gauge short‑term supply‑demand dynamics.
Data Summary
Punjab National Bank trades with a market capitalisation that is not disclosed, a P/B ratio of 0 and a zero‑based sector P/E. The stock’s price stability, average volume and mid‑range valuation metrics provide a snapshot of its current market positioning.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HDFCBANK HDFC Bank Limited | ₹685 | ₹10.7L Cr | 13.3 | 1.75 | 13.6 | 7.02 | — |
| ICICIBANK ICICI Bank Limited | ₹1,378 | ₹10.0L Cr | 17 | 2.55 | 15.9 | 7.18 | — |
| SBIN State Bank of India | ₹957 | ₹8.8L Cr | 10.5 | 1.42 | 15.4 | 6.13 | — |
| BAJFINANCE Bajaj Finance Limited | ₹917 | ₹5.8L Cr | 26.4 | 4.63 | 18.2 | 10.9 | — |
| LICI Life Insurance Corporation Of India | ₹391 | ₹4.8L Cr | 8.03 | 2.8 | 37.8 | 35.1 | 0 |
| KOTAKBANK Kotak Mahindra Bank Limited | ₹440 | ₹4.3L Cr | 20.2 | 2.24 | 11.4 | 6.98 | — |
| AXISBANK Axis Bank Limited | ₹1,220 | ₹3.8L Cr | 12.7 | 1.65 | 13.1 | 6.24 | — |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
PNB · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 73.15% | 73.15% | 73.15% | 70.08% | 70.08% | 70.08% |
| FII | 3.10% | 4.82% | 5.51% | 8.42% | 5.70% | 5.71% |
| DII | 13.74% | 12.37% | 10.76% | 11.61% | 14.31% | 14.67% |
| Public | 10.00% | 9.67% | 10.57% | 9.89% | 9.91% | 9.54% |
Corporate Events
To consider and approve the financial results for the period ended September 30, 2026
To consider Fund Raising
To consider and approve the financial results for the period ended Jun 30, 2026
Dividend - Rs 3 Per Share
Record: 12 Jun 2026
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Dividend - Rs 2.90 Per Share
Dividend - Rs 1.50 Per Share
Record: 21 Jun 2024
Annual General Meeting
Annual General Meeting/Dividend - Rs 0.65 Per Share
Latest News
All newsPNB Gilts reports Q2FY26 financial results
*PNB Gilts reports Q2FY26 financial results*. The company has submitted its financial results for the quarter ended September 30, 2026. Key metrics include net profit of **₹18.4 crore** and total income of **₹112.7 crore**. Results were in line with market expectations. 📊 *STOCKS:* $PNBGILTS | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Earnings
PNB announces change in management team
*PNB announces change in management team* — Punjab National Bank has informed the stock exchange of a management reshuffle. The details of key personnel changes or their implications were not disclosed. Traders may assess potential leadership shifts impacting future strategy. 📊 *STOCKS:* PNB | 🏢 *SECTOR:* Banking | #MEDIUMIMPACT #ManagementChange
PNB Housing Finance board meets, no major announcements.
*PNB Housing Finance board meets with no major announcements.* Outcome of the meeting does not disclose any significant financial or strategic decisions. The filing refers to routine board matters under AOA. No material changes reported for investors. 📊 *STOCKS:* PNBHOUSING | 🏢 *SECTOR:* HousingFinance | #LOWIMPACT #BoardMeeting
PNB Housing Finance sees change in directors
*PNB Housing Finance sees change in directors.* The board approved changes in directorship during its recent meeting. No financial impact or strategic shift was indicated. The move is procedural and routine in nature. 📊 *STOCKS:* PNBHOUSING | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Directors
PNB Housing Finance board meeting outcome announced
*PNB Housing Finance board meeting outcome announced* — The company disclosed the outcome of its July 10, 2026, board meeting. Specific details including resolutions passed were filed with the exchange. No major announcements such as fund raising or acquisitions were indicated. 📊 *STOCKS:* PNBHOUSING | 🏢 *SECTOR:* HousingFinance | #LOWIMPACT #BoardMeeting
PNB expects RBI rate hike to lift NIM by 7 bps
*PNB expects RBI rate hike to lift NIM by 7 bps*. Punjab National Bank anticipates a **7 basis point** increase in net interest margin following the latest RBI rate hike. This should improve profitability as interest income rises on loans. The bank sees improved margin expansion in the upcoming quarter. 📊 *STOCKS:* $PNB | 🏢 *SECTOR:* Banking | #HIGHIMPACT #PNB
RBI rate hike to boost PNB, Axis Bank: Morgan Stanley
*RBI rate hike to boost PNB, Axis Bank: Morgan Stanley* highlights that higher interest rates could improve net interest margins for banks and housing finance companies. Morgan Stanley identifies PNB and Axis Bank as key beneficiaries, with **40–50 bps** potential NIM expansion. The call comes amid expectations of **repo rate stability or a hike** in the upcoming monetary policy. 📊 *STOCKS:* $PNB $AXISBANK | 🏢 *SECTOR:* Banking | #HIGHIMPACT #RBI
IVIS wins PNB ATM e-surveillance order via NCR India
*IVIS wins PNB ATM e-surveillance order via NCR India*. IVIS International secured purchase orders from NCR Corporation India for e-surveillance solutions at Punjab National Bank ATM sites. The order marks a strategic expansion in the banking security segment. Financial value of the order is undisclosed but expected to boost near-term revenues. 📊 *STOCKS:* $IVIS | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #OrderWin
PNB shares flat after analyst meet, no major updates.
*PNB shares flat after analyst meet, no major updates.* PNB shared transcript from recent analyst and institutional investor meet. No new financial guidance or strategic shifts were announced. The bank reiterated its focus on asset quality improvement and digital transformation. 📊 *STOCKS:* $PNB | 🏢 *SECTOR:* Banking | #LOWIMPACT #Banking
Govt to reduce stake in four PSU banks to 75%
*Govt to reduce stake in four PSU banks to 75%*. The Centre plans to pare its holdings in **four public sector lenders** to **75%**, part of its broader disinvestment strategy. This move could unlock significant capital through share sales. Market reaction will depend on the timing and pricing of the stake sale. 📊 *STOCKS:* $BANKBARODA $PNB $CANBK $UNIONBANK | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #StakeSale
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Op. Profit | — | — | — | — | — | — | — | — |
| OPM | — | — | — | — | — | — | — | — |
| Net Profit | ₹5.6K Cr 8.9% | ₹5.1K Cr 136.3% | ₹2.2K Cr 56.8% | ₹5.0K Cr 4.2% | ₹4.8K Cr 1.5% | ₹4.7K Cr 18.7% | ₹4.0K Cr 18.7% | ₹3.4K Cr |
| EPS (₹) | 4.83 8.3% | 4.46 142.4% | 1.84 57.6% | 4.34 3.8% | 4.18 2.0% | 4.1 13.6% | 3.61 18.7% | 3.04 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — | — | — |
| Expenses | ₹33.0K Cr 0.9% | ₹32.7K Cr 17.4% | ₹39.6K Cr 4.5% | ₹41.5K Cr 15.2% | ₹36.0K Cr 6.7% | ₹38.6K Cr 49.2% | ₹25.9K Cr 34.8% | ₹39.6K Cr 8.5% | ₹43.3K Cr 92.4% | ₹22.5K Cr |
| Op. Profit | — | — | — | — | — | — | — | — | — | — |
| OPM | — | — | — | — | — | — | — | — | — | — |
| Other Income | ₹20.1K Cr 14.2% | ₹17.6K Cr 24.0% | ₹14.2K Cr 13.0% | ₹12.5K Cr 1.6% | ₹12.3K Cr 3.5% | ₹12.8K Cr 36.1% | ₹9.4K Cr 27.4% | ₹7.4K Cr 17.1% | ₹8.9K Cr 3.1% | ₹9.2K Cr |
| Interest | ₹88.1K Cr 9.1% | ₹80.7K Cr 17.8% | ₹68.5K Cr 32.3% | ₹51.8K Cr 10.7% | ₹46.8K Cr 7.8% | ₹50.8K Cr 37.3% | ₹37.0K Cr 6.8% | ₹34.7K Cr 3.4% | ₹33.5K Cr 2.5% | ₹32.7K Cr |
| Depreciation | ₹1.3K Cr 33.7% | ₹958 Cr 5.7% | ₹906 Cr 0.1% | ₹905 Cr 1.0% | ₹896 Cr 8.8% | ₹982 Cr 59.9% | ₹614 Cr 5.1% | ₹584 Cr 0.5% | ₹581 Cr 35.1% | ₹430 Cr |
| PBT | ₹28.5K Cr 4.7% | ₹27.2K Cr 91.9% | ₹14.2K Cr 174.9% | ₹5.2K Cr 6.7% | ₹4.8K Cr 11.6% | ₹4.3K Cr 423.0% | ₹827 Cr 105.4% | ₹-15.4K Cr 22.6% | ₹-19.8K Cr 1388.9% | ₹1.5K Cr |
| Tax % | 35.0% 9.4% | 32.0% 8.6% | 35.0% 0.0% | 35.0% 84.2% | 19.0% 50.0% | 38.0% 32.1% | 56.0% 260.0% | -35.0% 5.4% | -37.0% 190.2% | 41.0% |
| Net Profit | ₹18.5K Cr 0.5% | ₹18.6K Cr 102.6% | ₹9.2K Cr 172.6% | ₹3.4K Cr 14.0% | ₹3.9K Cr 45.0% | ₹2.7K Cr 455.7% | ₹485 Cr 105.1% | ₹-9.6K Cr 21.1% | ₹-12.1K Cr 1077.5% | ₹1.2K Cr |
| EPS (₹) | 16 0.5% | 16.08 94.4% | 8.27 172.0% | 3.04 13.4% | 3.51 43.3% | 2.45 276.9% | 0.65 103.1% | -20.79 52.6% | -43.88 886.4% | 5.58 |
| Div Payout | 19.0% 5.6% | 18.0% 0.0% | 18.0% 14.3% | 21.0% 16.7% | 18.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹2.3K Cr 0.0% | ₹2.3K Cr 4.4% | ₹2.2K Cr 0.0% | ₹2.2K Cr 0.0% | ₹2.2K Cr 5.1% | ₹2.1K Cr 55.5% | ₹1.3K Cr 46.4% | ₹921 Cr 66.8% | ₹552 Cr 29.6% | ₹426 Cr |
| Reserves | ₹1.4L Cr 7.0% | ₹1.3L Cr 20.9% | ₹1.1L Cr 7.5% | ₹1.0L Cr 5.6% | ₹95.4K Cr 5.5% | ₹90.4K Cr 44.6% | ₹62.5K Cr 38.4% | ₹45.2K Cr 10.3% | ₹41.0K Cr 4.7% | ₹43.0K Cr |
| Borrowings | — | — | — | — | — | — | — | — | — | — |
| Other Liabilities | ₹40.4K Cr 2.8% | ₹41.6K Cr 14.1% | ₹36.4K Cr 20.4% | ₹30.3K Cr 7.7% | ₹28.1K Cr 32.8% | ₹21.2K Cr 42.9% | ₹14.8K Cr 3.4% | ₹15.3K Cr 31.1% | ₹22.2K Cr 31.5% | ₹16.9K Cr |
| Total Liabilities | ₹19.2L Cr 3.4% | ₹18.6L Cr 16.2% | ₹16.0L Cr 7.0% | ₹14.9L Cr 11.5% | ₹13.4L Cr 4.7% | ₹12.8L Cr 50.3% | ₹8.5L Cr 7.8% | ₹7.9L Cr 1.6% | ₹7.8L Cr 6.0% | ₹7.3L Cr |
Assets | ||||||||||
| Fixed Assets | ₹15.6K Cr 19.4% | ₹13.1K Cr 6.0% | ₹12.3K Cr 2.2% | ₹12.1K Cr 13.0% | ₹10.7K Cr 3.2% | ₹11.0K Cr 52.1% | ₹7.3K Cr 16.3% | ₹6.2K Cr 2.0% | ₹6.4K Cr 1.2% | ₹6.3K Cr |
| CWIP | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹5.3L Cr 1.4% | ₹5.2L Cr 17.6% | ₹4.5L Cr 7.1% | ₹4.2L Cr 7.3% | ₹3.9L Cr 3.9% | ₹4.0L Cr 59.3% | ₹2.5L Cr 20.5% | ₹2.1L Cr 3.0% | ₹2.0L Cr 6.7% | ₹1.9L Cr |
| Other Assets | ₹13.7L Cr 4.1% | ₹13.2L Cr 15.8% | ₹11.4L Cr 7.1% | ₹10.6L Cr 13.3% | ₹9.4L Cr 8.8% | ₹8.6L Cr 46.4% | ₹5.9L Cr 3.0% | ₹5.7L Cr 1.2% | ₹5.7L Cr 5.8% | ₹5.4L Cr |
| Total Assets | ₹19.2L Cr 3.4% | ₹18.6L Cr 16.2% | ₹16.0L Cr 7.0% | ₹14.9L Cr 11.5% | ₹13.4L Cr 4.7% | ₹12.8L Cr 50.3% | ₹8.5L Cr 7.8% | ₹7.9L Cr 1.6% | ₹7.8L Cr 6.0% | ₹7.3L Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹22.1K Cr 179.0% | ₹-27.9K Cr 223.7% | ₹22.6K Cr 12.8% | ₹20.0K Cr 35.3% | ₹30.9K Cr 341.9% | ₹-12.8K Cr 61.8% | ₹-33.5K Cr 1824.9% | ₹-1.7K Cr 107.9% | ₹21.9K Cr 54.9% | ₹14.2K Cr |
| Investing CF | ₹-1.6K Cr 4.8% | ₹-1.5K Cr 105.7% | ₹-732 Cr 39.2% | ₹-1.2K Cr 53.0% | ₹-787 Cr 132.8% | ₹-338 Cr 46.3% | ₹-629 Cr 260.5% | ₹392 Cr 146.5% | ₹159 Cr 111.8% | ₹-1.4K Cr |
| Financing CF | ₹-1.1K Cr 132.3% | ₹3.5K Cr 175.9% | ₹1.3K Cr 37.3% | ₹2.0K Cr 62.5% | ₹5.4K Cr 60.2% | ₹13.6K Cr 2.7% | ₹14.0K Cr 87.3% | ₹7.5K Cr 176.4% | ₹-9.8K Cr 263.5% | ₹6.0K Cr |
| Net Cash Flow | ₹19.4K Cr 174.7% | ₹-25.9K Cr 212.1% | ₹23.1K Cr 10.9% | ₹20.9K Cr 41.4% | ₹35.6K Cr 7634.6% | ₹460 Cr 102.3% | ₹-20.2K Cr 430.5% | ₹6.1K Cr 50.5% | ₹12.3K Cr 34.4% | ₹18.8K Cr |
| Free Cash Flow | ₹20.5K Cr 170.5% | ₹-29.1K Cr 232.0% | ₹22.0K Cr 13.0% | ₹19.5K Cr 35.4% | ₹30.2K Cr 329.7% | ₹-13.1K Cr 61.3% | ₹-34.0K Cr 1319.0% | ₹-2.4K Cr 111.2% | ₹21.4K Cr 58.1% | ₹13.6K Cr |
Values in ₹ Cr · Source: Screener.in
Deep Dive Analysis
About Punjab National Bank
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]
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