Punjab National Bank
Punjab National Bank operates in Public Sector Bank, part of the Financial Services sector. It booked ₹35,267 cr of revenue in its latest quarter (Q2 FY27) and kept 15.8% of sales as profit. It is the 3rd largest of 9 Public Sector Bank companies we track, by market value.
| Segment | FY21 | FY22 | FY24 | FY26 | Share |
|---|---|---|---|---|---|
| Corporate / Wholesale Banking | 0.32 | 0.31 | 0.52 | 0.57 | 34% → 38% |
| Retail Banking | 0.26 | 0.25 | 0.35 | 0.44 | 28% → 29% |
| Treasury Operations | 0.32 | 0.30 | 0.33 | 0.45 | 34% → 30% |
| Other Banking Operations | 0.04 | 0.02 | 0.02 | 0.04 | 4% → 3% |
| Total | 0.95 | 0.88 | 1.22 | 1.49 |
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
Healthier than 61% of companies in Financial Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 102–253 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 55
At close. Not part of the score.
How much profit it earns on the money it employs
Whether reported profit actually arrives as cash
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
Not measurable for this company: balance sheet, growth & consistency. Those pillars are left out of the score rather than counted as zero.
What if I invest in PNB?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Interest Earned | ₹35,267 cr |
| Other Income | ₹3,524 cr |
| Total Income | ₹38,791 cr |
| Interest Expended | ₹23,464 cr |
| Employee Cost | ₹4,468 cr |
| Other Operating Expenses | ₹3,296 cr |
| Total Expenditure | ₹31,227 cr |
| Operating Profit before Provisions | ₹7,564 cr |
| Provisions & Contingencies | ₹75 cr |
| Profit before Tax | ₹7,488 cr |
| Tax Expense | ₹1,927 cr |
| Share of Associates | ₹357 cr |
| Net Profit | ₹5,561 cr |
| Net margin on total income | 14.3% |
Not enough income-statement detail filed to break this down yet.
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 32,798 cr | 33,589 cr | 35,267 cr |
| Total income | 36,878 cr | 37,954 cr | 38,791 cr |
| Expenses | — | — | — |
| Profit before tax | 7,141 cr | 7,108 cr | 7,488 cr |
| Tax | 1,916 cr | 1,769 cr | 1,927 cr |
| Net profit (owners' share) | 5,225 cr | 5,339 cr | 5,561 cr |
| Net margin (owners' share, on revenue) | 15.9% | 15.9% | 15.8% |
| EPS (₹) | 4.83 | 5.06 | 5.13 |
Lender caveat: a bank's operating cash swings with deposits and lending — this is loan-book activity, not distress.
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| State Bank of India | ₹970 | ₹8.96 L cr | 8.8 | 14.9% | 18.2% | — |
| Union Bank of India | ₹183 | ₹1.40 L cr | 6.1 | 15.5% | 19.6% | — |
| Punjab National Bankthis company | ₹121 | ₹1.39 L cr | 5.9 | 13.8% | 15.8% | — |
| Bank of Baroda | ₹243 | ₹1.26 L cr | 4.7 | 15.2% | 17.9% | — |
| Indian Bank | ₹850 | ₹1.14 L cr | 8.1 | 15.9% | 18.0% | — |
| Canara Bank | ₹118 | ₹1.07 L cr | 5.0 | 16.2% | 14.7% | — |
| Bank of Maharashtra | ₹81 | ₹61,994 cr | 7.2 | 24.7% | 26.8% | — |
| Bank of India | ₹133 | ₹60,638 cr | 4.6 | 13.7% | 15.1% | — |
| Indian Overseas Bank | ₹29 | ₹56,460 cr | 7.2 | 19.0% | 20.8% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹3 / share | 12 Jun 2026 |
| Dividend | ₹2.9 / share | 20 Jun 2025 |
| Dividend | ₹1.5 / share | 21 Jun 2024 |
| Dividend | ₹0.65 / share | 23 Jun 2023 |
| Dividend | ₹0.64 / share | 22 Jun 2022 |
| Dividend | ₹3.3 / share | 22 Jun 2015 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.
When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.
The company has not broken this money down into purposes in its filing for Mar 2025, so there is nothing to measure it against yet.
Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing