PSBFinancial Services

Punjab & Sind Bank

Public Sector Bank · ISIN INE608A01012 · BSE 533295 · NSE EQ · FV ₹10
Last price
₹22
-1.75%today
What this company does

Punjab & Sind Bank operates in Public Sector Bank, part of the Financial Services sector. It booked ₹3,213 cr of revenue in its latest quarter (Q1 FY27) and kept 10.3% of sales as profit.

In the report:
35out of 100
Equitytale Health Score
Strained

Healthier than 35% of companies in Financial Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 95–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
27

At close. Not part of the score.

Profitability & returns31

How much profit it earns on the money it employs

Cash quality35

Whether reported profit actually arrives as cash

Valuation3

What today's price implies, against our models or its peers

Governance & risk88

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: balance sheet, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 10% vs last year
Profit up 23% vs last year
Promoters hold 94%
No promoter shares pledged
Watch-outs
! Carries high debt (D/E 1.2)
! Operating cash flow is negative

What if I invest in PSB?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

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 We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹22 -1.75%
latest close · 2026-09-17
1-year return
+32.1%
52-wk low ₹1352-wk high ₹25
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio11.6Low
LowAverageHigh
P/B ratio1.10Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.4%Fair
WeakFairStrong ▸15%
Net margin10.3%Decent
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.16High
LowModerateHigh ▸1
More figures
Market cap
₹15,511 cr
Book value
₹20
EPS
₹0.47
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
0.7%
Earnings yield
8.60%
P/S
1.21
Sales / share
₹18.1
Tax rate
26.6%
Face value
₹10
Shares
709.6 cr
Working capital
Current assets
Current liabilities
Delivery %
53.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

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 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹9 vs market price ₹22 — price is 139% above it
Safety cushion-139.0%(target ≥ +20%)
Models span ₹7₹11, midpoint ₹9
Model ₹9
Price ₹22
Cheap sideExpensive side

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.

P&L · Q1 FY27 (consolidated)
Interest Earned₹3,213 cr
Other Income₹332 cr
Total Income₹3,546 cr
Interest Expended₹2,175 cr
Employee Cost₹495 cr
Other Operating Expenses₹330 cr
Total Expenditure₹3,000 cr
Operating Profit before Provisions₹545 cr
Provisions & Contingencies₹94 cr
Profit before Tax₹451 cr
Tax Expense₹120 cr
Net Profit₹332 cr
Net margin on total income9.3%
Where the money goes

Not enough income-statement detail filed to break this down yet.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue3,042 cr3,030 cr3,213 cr
Total income3,549 cr3,457 cr3,546 cr
Expenses
Profit before tax456 cr615 cr451 cr
Tax120 cr194 cr120 cr
Net profit (owners' share)336 cr422 cr332 cr
Net margin (owners' share, on revenue)11.1%13.9%10.3%
EPS (₹)0.470.590.47
YoY (latest quarter): total income +4.9% · net profit +23.2%
Balance sheet & cash flow · as of Mar 2026
Total assets
₹1.79 L cr
Shareholder equity
₹14,132 cr
parent shareholders
Borrowings
₹16,352 cr
excl. customer deposits
Cash
Cash flow · H1 FY26
Operating
₹-2,463 cr
Investing
₹-68 cr
Financing
₹-218 cr

Lender caveat: a bank's operating cash swings with deposits and lending — this is loan-book activity, not distress.

Peer comparison
Public Sector Bank · by market value
CompanyPriceMarket capP/E
State Bank of India₹989₹9.13 L cr9.5
Union Bank of India₹178₹1.36 L cr6.0
Punjab National Bank₹116₹1.34 L cr5.8
Bank of Baroda₹232₹1.20 L cr16.8
Indian Bank₹841₹1.13 L cr8.4
Canara Bank₹124₹1.12 L cr5.4
Bank of India₹138₹62,914 cr4.8
Bank of Maharashtra₹81₹62,148 cr7.7
Indian Overseas Bank₹32₹61,814 cr9.0
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.78%
trailing 12 months
Dividend / share (TTM)
₹0.39
Last dividend
₹0.39
ex 21 Jul 2026
ActionDetailEx-date
Dividend₹0.39 / share21 Jul 2026
Dividend₹0.07 / share29 Jul 2025
Dividend₹0.2 / share16 Jul 2024
Dividend₹0.48 / share4 Jul 2023
Dividend₹0.31 / share4 Jul 2022
Dividend₹1.65 / share20 Jun 2016
Who owns it · 2026-06-30
No pledge
Promoter
93.8%
FII / Foreign
0.1%
DII / Domestic
3.8%
Retail / others
2.2%
Promoter stake down 4.4% over the last 12 quarters.
Smart-money activity
Bulk / block deals
short · NSE1,07524 Jul 26
short · NSE9308 Jul 26
short · NSE2,39419 Mar 26
Stake changes
BoughtGovernment of India · promoter→ 83.06% · 9.90 cr22 Nov 19
BoughtPresident of India (Government of India) · promoter→ 85.56% · 16.45 cr27 Mar 18
What shareholders were asked to approve

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.

Special shareholder meeting · 21 Jan 2026
See the official result
1
To seek approval to raise equity capital up to an amount of Rs.3000 crore by way of Qualified Institutions Placement (QIP) by way of Special Resolution
Backed by 100% of shareholders other than promotersneeded 75%
11.41 cr votes for, 32,380 against · 0% of mutual funds and other big investors said no
2
To seek approval of appointment of Shri Jitendra Asati as the Government of India Nominee Director of the Bank in terms of provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 by way of Ordinary Resolution.
Backed by 91% of shareholders other than promotersneeded 50%
10.34 cr votes for, 1.07 cr against · 9% of mutual funds and other big investors said no

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.

Who controls this company, and what it pays them

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.

The promoter group — 1 named members
owning 93.8% between them · as of 2026-06-30
President of India93.85%

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.

Money it raised, and what it did with it

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.

₹1,219 cr raised in Mar 2025 by selling shares to large investors

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

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.