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Punjab & Sind Bank

PSB NSE
₹19.31 +0.30 (+1.58%)
P/E
9.15
View as Markdown
MCP
Close 4 Nov 2026 ₹19.31 −10.93 −36.1% 1Y
Start ₹30.24

Key Fundamentals

MicrocapBanksFinancial Services

Price-based figures as of · EPS basis: Standalone · TTM

EPS (TTM)
₹2.11
Book Value
₹19.00
Market Cap
—
P/E (TTM)
9.15
P/B
1.02
ROE
9.62%
Dividend Yield
2.05%
52W High
₹31.48
52W Low
₹18.00
Day Range
₹18.93 – ₹19.40
Volume
10,08,758
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
Debt to Equity
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › Banks › Public Sector Bank

Punjab & Sind Bank peer comparison
SBI
₹979.0010.48₹9,03,461 Cr1.421.79%15.40%—₹5,38,780 Cr₹89,666 Cr
Union Bank of India
₹183.896.38₹1,39,687 Cr1.022.73%15.70%—₹1,09,300 Cr₹22,000 Cr
Punjab National Bank
₹122.426.15₹1,39,168 Cr0.932.48%13.00%—₹1,34,543 Cr₹22,932 Cr
Bank of Baroda
₹245.376.98₹1,25,618 Cr0.733.49%12.70%—₹1,36,546 Cr₹18,393 Cr
Indian Bank
₹854.008.70₹1,14,613 Cr1.442.15%15.40%—₹71,835 Cr₹13,220 Cr
Canara Bank
₹118.325.27₹1,07,387 Cr0.883.57%16.10%—₹1,30,895 Cr₹20,314 Cr
Bank of Maharashtra
₹79.618.12₹61,525 Cr1.722.73%22.60%—₹30,262 Cr₹7,536 Cr
Punjab & Sind Bank (this company)
₹19.319.15₹13,560 Cr1.022.05%9.62%—₹12,680 Cr₹1,502 Cr
Median 8 companies₹153.167.55₹1,20,115 Cr1.022.61%15.40%—₹1,20,098 Cr₹19,354 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

39 Weak

Data confidence 100/100

Category scores

Quality
35
Poor
Returns, margins, earnings quality 22% weight
Valuation
53
Average
Cheap vs sector & own history 24% weight
Growth
50
Average
Sales & profit trajectory 9% weight
Financial Health
23
Poor
Solvency, leverage, coverage 9% weight
Momentum
11
Poor
Trend strength, vol-adjusted 12% weight
Ownership
49
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Stock is trading at 1.04 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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1252
OscillatorsBearish351
Moving AveragesStrong Bearish901

Key readings

RSI (14)
40.29
Neutral
MACD (12,26,9)
−0.76
Bearish
SMA (50)
21.44
Bearish
SMA (200)
23.96
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+3.20%
5Y+11.43%
3Y+14.45%
1Y+4.36%
TTM+5.66%

Net profit

Net profit growth by window
10Y+14.68%
5YTurned to profit
3Y+0.23%
1Y+30.12%
TTM+29.59%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹8,173 Cr
Mar 2018₹7,949 Cr
Mar 2019₹8,559 Cr
Mar 2020₹7,930 Cr
Mar 2021₹6,974 Cr
Mar 2022₹7,096 Cr
Mar 2023₹7,993 Cr
Mar 2024₹9,694 Cr
Mar 2025₹11,481 Cr
Mar 2026₹11,982 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹201 Cr
Mar 2018−₹744 Cr
Mar 2019−₹543 Cr
Mar 2020−₹991 Cr
Mar 2021−₹2,733 Cr
Mar 2022₹1,039 Cr
Mar 2023₹1,313 Cr
Mar 2024₹595 Cr
Mar 2025₹1,016 Cr
Mar 2026₹1,322 Cr

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk high

Punjab & Sind Bank trades at ₹19.01 per share as of 2026-11-03 with a market cap of ₹13,630.62 Cr, a P/E (TTM) of 9.01x, and a P/B of 1.00x. The stock sits near its 52-week low of ₹18, having declined 31% over the past year, while TTM profit growth of 30% contrasts with sluggish 6% TTM revenue growth.

Bull Case 8
  • Valuations are undemanding with a trailing P/E of 9.01x and P/B of just 1.00x, indicating the stock trades roughly at book value
  • TTM profit growth of 30% shows a meaningful acceleration in earnings on a trailing basis
  • 5-year compounded profit growth of 20% demonstrates a sustained earnings recovery over the medium term
  • 10-year compounded profit CAGR of 15% indicates long-term earnings trajectory has been positive despite cyclicality
  • Dividend yield of 2.05% offers an income component that is above average for Indian equities broadly
  • Last-year ROE of 10% represents an improvement over the 3-year average ROE of 7% and 5-year average of 8%, suggesting improving return profile
  • 3-year compounded sales growth of 14% indicates the bank has been growing its top line at a reasonable pace in recent years
  • Trading at ₹19.01 versus its 52-week high of ₹31.90, the stock is approximately 40% below its peak, which compresses valuation multiples further
Bear Case 8
  • Stock price has declined 31% over the past 1 year and shows a negative 19% CAGR over 3 years, reflecting persistent value erosion for shareholders
  • 10-year stock CAGR of -9% indicates that long-term shareholders have suffered capital losses over an entire decade
  • Contingent liabilities of ₹9,924 Cr represent a significant off-balance-sheet risk relative to the ₹13,630.62 Cr market cap
  • Low interest coverage ratio signals limited cushion to service debt obligations, a material risk for a banking institution
  • 3-year ROE averages just 7% and the current ROE of 9.35% remains below the cost of equity for most banks, indicating suboptimal capital efficiency
  • 5-year compounded sales growth of only 11% and 10-year sales CAGR of just 3% point to structurally tepid revenue expansion
  • 3-year compounded profit growth of 0% shows that earnings stagnated over the medium term despite the recent TTM bounce
  • Possible capitalisation of interest costs could overstate reported profitability and asset quality metrics

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

AI News Digest

9h ago

TL;DR: Punjab & Sind Bank delivered a strong Q2FY27 with 40% YoY profit growth, healthy NII expansion, and meaningful improvement in asset quality on both gross and net NPA fronts. No material headwinds emerged in recent coverage. The trend is clearly improving, with declining NPAs and lower provisioning costs suggesting continued earnings momentum if credit quality holds.

Positives 3
  • Q2 net profit surges 40% YoY Oct 17

    Net profit jumped 39.7% YoY to ₹412 crore in Q2FY27, up from ₹295 crore in Q2FY26, with provisions and contingencies dropping sharply.

  • NII grows 22%, NIM expands Oct 17

    Net interest income rose over 22% YoY to ₹1,162 crore from ₹950 crore, while Net Interest Margin improved 17 bps to 2.77%.

  • Asset quality improves markedly Oct 17

    Gross NPAs fell to 2.09% from 2.92% YoY and 2.21% QoQ; net NPAs declined to 0.61% from 0.83% YoY, showing consistent improvement.

Neutral 1
  • New General Manager appointed Nov 2

    Vinay Khandelwal was appointed General Manager effective November 1, 2026, following the superannuation of Gajraj Devi Singh Thakur on October 30, 2026.

Quarterly Results

₹ Cr
PSB quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue
2,406
2,491
2,481
2,652
2,739
2,931
3,159
2,911
2,999
3,042
3,030
3,213
3,394
Expenses
648
920
875
831
924
902
1,356
1,046
967
1,037
787
920
948
Financing Profit
27
−181
−186
19
−52
36
−234
−146
−17
−51
188
119
213
Fin. Margin %
1%
−7%
−8%
1%
−2%
1%
−7%
−5%
−1%
−2%
6%
4%
6%
Other Income
268
362
413
194
359
338
677
469
374
507
427
332
352
Interest
1,731
1,752
1,792
1,802
1,866
1,992
2,037
2,010
2,049
2,056
2,055
2,175
2,234
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
295
181
227
213
307
375
442
323
357
456
615
451
565
Tax %
36%
37%
39%
15%
22%
25%
29%
17%
18%
26%
31%
27%
27%
Net Profit
189
114
139
182
240
282
313
269
295
336
422
332
412
EPS (₹)
0.28
0.17
0.21
0.27
0.35
0.42
0.44
0.38
0.42
0.47
0.59
0.47
0.58
Gross NPA %
6.23%
5.7%
5.43%
4.72%
4.21%
3.83%
3.38%
3.34%
2.92%
2.6%
2.4%
2.21%
2.09%
Net NPA %
1.88%
1.8%
1.63%
1.59%
1.46%
1.25%
0.96%
0.91%
0.83%
0.74%
0.79%
0.65%
0.61%

Profit & Loss

₹ Cr
PSB profit and loss, annual, ₹ crore
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
12,680
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
3,691
Financing Profit
−235
66
−377
−1,112
−1,702
−2,366
−4,206
364
828
−134
−85
152
470
Fin. Margin %
−3%
1%
−5%
−14%
−20%
−30%
−60%
5%
10%
−1%
−1%
1%
4%
Other Income
429
478
578
581
828
897
904
959
940
1,221
1,568
1,778
1,619
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
8,519
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
2,089
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
1,502
EPS (₹)
3.03
8.39
5.02
−13.17
−9.62
−14.13
−6.74
1.53
1.94
0.88
1.43
1.86
2.11
Div. Payout %
20%
20%
0%
0%
0%
0%
0%
20%
25%
23%
5%
21%
—

Balance Sheet

₹ Cr
PSB balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
400
400
400
565
565
701
4,053
6,778
6,778
6,778
7,096
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
7,448
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
19,230
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
1,53,312
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
3,202
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
1,90,288
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
2,012
CWIP
0
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
50,907
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
1,37,369
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
1,90,288

Cash Flow

₹ Cr
PSB cash flow, annual, ₹ crore
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

Ratios

PSB financial ratios, annual
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

Log in to view Punjab & Sind Bank insights

86 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 93.85%
  • DIIs 3.79%
  • Public 1.98%
  • Others 0.26%
  • FIIs 0.12%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

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 PE ratio of Punjab & Sind Bank?
Punjab & Sind Bank trades at a PE ratio of 9.15 as of 4 Nov 2026, on earnings per share of ₹2.11, against a book value of ₹19 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 ₹18 and ₹31.48 as of 4 Nov 2026.
Does Punjab & Sind Bank pay dividends?
Punjab & Sind Bank has a dividend yield of 2.05%.
What is the Return on Equity (ROE) of Punjab & Sind Bank?
Punjab & Sind Bank reported a return on equity of 9.62%.

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 30 Dec 2010
Face Value ₹10

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