Punjab & Sind Bank logo

Punjab & Sind Bank

PSB NSE

Key Fundamentals

SmallcapPublic Sector BankBanks
Market Cap
₹15,944 Cr
Volatility
Moderate
P/E Ratio
11.66
EBITDA
₹1,929 Cr
Return on Equity
9.35%
Debt to Equity
0
Book Value
₹19.13
EPS
₹0.92
52W High
₹32.46
52W Low
₹20.5

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

1
  • Stock is trading at 1.10 times its book value

Weaknesses

5
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.4% over past five years.
  • Company has a low return on equity of 6.74% over last 3 years.
  • Contingent liabilities of Rs.9,924 Cr.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
5.44% lower than 3Y
Net Income Growth
30.13% higher than 3Y
Cash Flow Change
17.46% higher than 3Y
ROE
22.86% higher than 3Y
ROCE
-0.9% lower than 3Y
EBITDA Margin (Avg.)
4.34% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk high

Punjab & Sind Bank trades at a market cap of ₹15,944 Cr with a P/E of 11.6x and P/B of 1.18x. Last year's ROE improved to 10%, but the 3-year average remains low at 7%, and the stock has declined 23% over the past year despite TTM profit growth of 25%.

Bull Case 7
  • TTM profit growth of 25% indicates improving earnings momentum in the recent period
  • P/E ratio of 11.6x is relatively modest for a public sector bank, suggesting the stock is not expensively priced on an earnings basis
  • P/B of 1.18x (trading near 1.10x book value) leaves limited downside to book value floor, a relevant metric for PSU banks
  • Last year ROE improved to 10%, up from a 3-year average of 7% and a 10-year average of 0%, showing a clear recovery trajectory
  • Compounded profit growth of 20% over 5 years reflects a sustained turnaround from earlier loss-making years
  • Dividend yield of 1.73% provides a modest income component relative to many growth-oriented peers
  • 5-year compounded sales growth of 11% shows the bank has been able to grow its loan book and interest income at a reasonable pace
Bear Case 8
  • Stock price has declined 23% over the past 1 year and delivered a negative 16% CAGR over 3 years, reflecting persistent market skepticism
  • 3-year ROE of only 7% and 10-year ROE of 0% indicate structurally weak return on equity relative to better-run banking peers
  • Contingent liabilities of ₹9,924 Cr represent a material off-balance-sheet risk that could crystallize into actual losses
  • Low interest coverage ratio signals limited buffer to service debt obligations comfortably under stress scenarios
  • Potential capitalisation of interest cost raises concerns about the true quality of reported earnings
  • TTM sales growth has decelerated to just 5%, down sharply from the 3-year CAGR of 14%, suggesting slowing topline momentum
  • 10-year stock CAGR of -8% shows the bank has destroyed shareholder value on a long-term basis
  • 5-year sales growth of 11.4% is considered poor relative to the broader banking sector growth opportunity in India

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Headwinds 1
  • Bank union strike threat Sep 10

    United Forum of Bank Unions called an all-India strike on September 11, 2026. Punjab & Sind Bank warned branch operations may be affected despite mitigation efforts.

Positives 1
  • Q1FY27 net profit up 23% Sep 1

    Net profit rose 23% YoY to ₹331 crore in Q1FY27, driven by higher NII and improved asset quality. Gross NPAs fell to 2.21% and credit-to-deposit ratio improved to 81.08%.

TL;DR: Punjab & Sind Bank is showing solid earnings momentum with a 23% profit jump and improving asset quality, suggesting the core banking franchise is strengthening. The near-term risk from the Sep 11 union strike is operationally disruptive but likely transient. Overall trend is positive, though investors should watch whether asset quality improvement sustains in coming quarters.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
2,316
2,406
2,491
2,481
2,652
2,739
2,931
3,159
2,911
2,999
3,042
3,030
3,213
Expenses
682
648
920
875
831
924
902
1,356
1,046
967
1,037
787
920
Financing Profit
56
27
-181
-186
19
-52
36
-234
-146
-17
-51
188
119
Fin. Margin %
2%
1%
-7%
-8%
1%
-2%
1%
-7%
-5%
-1%
-2%
6%
4%
Other Income
179
268
362
413
194
359
338
677
469
374
507
427
332
Interest
1,578
1,731
1,752
1,792
1,802
1,866
1,992
2,037
2,010
2,049
2,056
2,055
2,175
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
234
295
181
227
213
307
375
442
323
357
456
615
451
Tax %
35%
36%
37%
39%
15%
22%
25%
29%
17%
18%
26%
31%
27%
Net Profit
153
189
114
139
182
240
282
313
269
295
336
422
332
EPS in Rs
0.23
0.28
0.17
0.21
0.27
0.35
0.42
0.44
0.38
0.42
0.47
0.59
0.47
Gross NPA %
6.8%
6.23%
5.7%
5.43%
4.72%
4.21%
3.83%
3.38%
3.34%
2.92%
2.6%
2.4%
2.21%
Net NPA %
1.95%
1.88%
1.8%
1.63%
1.59%
1.46%
1.25%
0.96%
0.91%
0.83%
0.74%
0.79%
0.65%
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
8,589
8,744
8,173
7,949
8,559
7,930
6,974
7,096
7,993
9,694
11,481
11,982
12,284
Expenses
1,915
2,110
2,536
3,347
3,981
4,423
6,468
2,287
2,145
2,975
3,869
3,660
3,710
Financing Profit
-235
66
-377
-1,112
-1,702
-2,366
-4,206
364
828
-134
-85
152
239
Fin. Margin %
-3%
1%
-5%
-14%
-20%
-30%
-60%
5%
10%
-1%
-1%
1%
2%
Other Income
429
478
578
581
828
897
904
959
940
1,221
1,568
1,778
1,641
Interest
6,909
6,569
6,014
5,714
6,279
5,872
4,712
4,444
5,019
6,853
7,698
8,170
8,335
Depreciation
46
46
0
64
-15
54
102
137
148
150
145
177
0
PBT
147
498
201
-595
-859
-1,522
-3,404
1,187
1,620
937
1,338
1,752
1,881
Tax %
18%
33%
0%
25%
-37%
-35%
-20%
12%
19%
36%
24%
25%
—
Net Profit
121
336
201
-744
-543
-991
-2,733
1,039
1,313
595
1,016
1,322
1,384
EPS in Rs
3.03
8.39
5.02
-13.17
-9.62
-14.13
-6.74
1.53
1.94
0.88
1.43
1.86
1.95
Div. Payout %
20%
20%
0%
0%
0%
0%
0%
20%
25%
23%
5%
21%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
400
400
400
565
565
701
4,053
6,778
6,778
6,778
7,096
7,096
Reserves
5,196
5,570
5,742
5,618
5,136
4,895
4,310
7,233
8,331
8,756
6,259
7,037
Borrowing
1,723
2,839
2,958
3,683
2,714
3,213
2,644
2,444
9,018
9,771
14,230
16,352
Deposits
88,040
91,250
85,540
1,01,726
98,558
89,668
96,108
1,02,137
1,09,665
1,19,410
1,29,774
1,45,829
Other Liabilities
2,394
2,522
2,002
2,167
2,009
2,027
3,367
2,476
2,662
2,943
4,457
2,957
Total Liabilities
97,753
1,02,581
96,643
1,13,759
1,08,982
1,00,504
1,10,482
1,21,068
1,36,455
1,47,657
1,61,815
1,79,270
Fixed Assets
995
1,133
1,095
1,083
1,230
1,241
1,585
1,577
1,519
1,756
1,798
1,862
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
24,007
27,645
27,948
32,982
26,173
24,552
32,023
42,281
44,838
49,599
46,912
49,388
Other Assets
72,752
73,803
67,600
79,695
81,579
74,711
76,874
77,209
90,097
96,302
1,13,105
1,28,020
Total Assets
97,753
1,02,581
96,643
1,13,759
1,08,982
1,00,504
1,10,482
1,21,068
1,36,455
1,47,657
1,61,815
1,79,270
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-1,982
930
-495
1,063
-97
2,210
-5,848
-5,999
1,428
1,746
-2,294
-1,893
Investing
-84
-38
-33
-51
-61
-63
-446
-121
-88
-229
-168
-241
Financing
-39
-209
216
1,531
-356
814
5,055
4,068
-1,332
-431
3,898
-387
Net Cash Flow
-2,105
683
-313
2,543
-514
2,960
-1,239
-2,051
8
1,086
1,437
-2,521
Free Cash Flow
-2,066
892
-529
1,012
-158
2,147
-6,294
-6,119
1,340
1,518
-2,461
-2,134
CFO/OP
-30
14
-9
28
3
73
-1,111
-142
27
31
-39
-19
Figures in ₹ Crores

Ratios

Particulars 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

FIIs0.14%Promot.93.85%Others0.29%Public1.92%DIIs3.81%As ofJun 2026

Documents

Frequently Asked Questions about Punjab & Sind Bank

What does Punjab & Sind Bank do?
Punjab & Sind Bank is engaged in the Business of Deposits,Loans & Advances and Remittances & Collections.
Where is Punjab & Sind Bank (PSB) listed?
Punjab & Sind Bank trades as PSB on the NSE and under code 533295 on the BSE.
Which sector does Punjab & Sind Bank belong to?
Punjab & Sind Bank is classified under the Banks sector, in the Public Sector Bank industry.
What is the market capitalisation of Punjab & Sind Bank?
Punjab & Sind Bank has a market capitalisation of ₹15,944 Cr, which places it in the Mid Cap band.
What is the PE ratio of Punjab & Sind Bank?
Punjab & Sind Bank trades at a PE ratio of 11.66, on earnings per share of ₹0.92, against a book value of ₹19.13 per share.
What is the 52-week high and low of Punjab & Sind Bank?
Over the last 52 weeks Punjab & Sind Bank has traded between ₹20.5 and ₹32.46.
Does Punjab & Sind Bank pay dividends?
Punjab & Sind Bank has a dividend yield of 1.73%.
What is the Return on Equity (ROE) of Punjab & Sind Bank?
Punjab & Sind Bank reported a return on equity of 9.35%. Its debt-to-equity ratio is 0.00.

Company Information

Punjab & Sind Bank is engaged in the Business of Deposits,Loans & Advances and Remittances & Collections.

Website psbindia.com
CEO Mr. Swarup Kumar Saha
Listed 2010-12-30
Face Value ₹ 10
Issued Size 7,09,55,85,220

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