Financial & Valuation Intelligence™
Punjab National Bank
NSE
PNB
Sector: Financial Services· Public Sector BankCurrent Price
₹119.6
Market Cap
₹1.34 L Cr
AI Financial Summary
Punjab National Bank exhibits a significant earnings turnaround with a 47.9% CAGR in profit over the analyzed period, transitioning from heavy losses to robust profitability. While the market offers a substantial margin of safety based on current valuations, the bank faces structural challenges regarding long-term capital efficiency.
Business Performance (CAGR)
10 Years
Revenue
11.8%
PAT
47.9%
EPS
16.2%
Book Value
-4.8%
Free Cash Flow
-4.5%
Valuation Snapshot
P/E6.3
P/B0.8
EV/EBITDA19.5
P/S1
Div Yield2.58%
Financial Health
Debt to Equity12.22
Interest Coverage1.3x
Current Ratio1.19
Cash & Investments₹5.84 L Cr
Profitability Metrics
ROE
12.3%
ROCE
5.9%
ROA
0.9%
EBITDA Mgn
74.7%
Op Margin
89.1%
Net Margin
14.1%
Cash Flow Intelligence
Operating Cash Flow₹25.64K Cr
Free Cash Flow₹21.81K Cr
Cash Conversion139.4%
FCF Margin16.7%
Intrinsic Value
PremiumEstimated Intrinsic Value
████████
Current Price₹119.6
Margin of Safety██.██%
Estimated Intrinsic Value & DCF Fair Value are available with Premium plans.
AI Business Verdict
Punjab National Bank is currently positioned as an undervalued recovery story with strong cash flow dynamics, making it an interesting study for long-term value creation despite lingering sector-wide structural risks.
- Strong earnings recovery trajectory.
- Significant margin of safety based on intrinsic value analysis.
- High operating cash flow conversion rates.
Balance Sheet
AI-Powered Analysis
Balance Sheet Strength™
52/100
Adequate
Punjab National Bank has an adequate but tight balance sheet — leverage and liquidity warrant monitoring.
AI Confidence
92%
Stability
54
Flexibility
44
Strength Factors
Liquidity60
Leverage40
Working Capital60
Asset Quality55
Shareholder Strength55
Financial Stability54
Financial Flexibility™
44/100
Weak
Capacity to fund growth, withstand downturns and return capital.
Total Assets
₹20.33 L Cr
▲ 9.2% YoY
Total Liabilities
₹18.83 L Cr
▲ 8.9% YoY
Shareholder Equity
₹1.50 L Cr
▲ 12.6% YoY
Net Cash Position
₹-12.48 L Cr
Monitor
Debt / Equity
12.22x
Elevated
Enterprise Value
₹13.82 L Cr
Capital Structure
Assets
₹20.33 L Cr
Equity
₹1.50 L Cr (7.4%)
Liabilities
₹18.83 L Cr (92.6%)
Debt Intelligence™
Debt vs Cash Trend
Debt / Equity12.22x
Interest Coverage1.3x
Debt / EBITDA99.62x
Net Debt₹12.48 L Cr
Debt Trend (5Y)22.2%
Debt MaturityWell Staggered
Liquidity Intelligence™
Current Ratio1.19
Quick Ratio1.19
Cash Ratio0.03
Working Capital₹9.88K Cr
Operating Cash CoverageWeak
Short-term LiquidityAdequate
Working Capital Intelligence™
CCC Trend
Receivable DaysNot Available
Inventory DaysNot Available
Payable DaysNot Available
Cash Conversion CycleNot Available
Asset Quality (% of Total Assets)
Cash & Investments3.0%
Property, Plant & Equip.0.8%
ReceivablesNot Available
InventoryNot Available
GoodwillNot Available
Intangible AssetsNot Available
Other Assets99.2%
Shareholder Strength™
Strength Radar
Book Value CAGR (5Y)-4.8%
Net Worth CAGR (5Y)14.8%
Retained EarningsAdequate
Equity Dilution0.00%
Buyback EfficiencyWeak
Dividend Sustain.Strong
Balance Sheet Evolution
Annual
Balance Sheet Risk Monitor
Debt RiskHigh
Liquidity RiskElevated
Working Capital RiskElevated
Refinancing RiskHigh
Asset Quality RiskElevated
Dilution RiskLow
Contingent LiabilityLow
Overall Balance Sheet RiskElevated
Balance Sheet Stress Test™
Economic Slowdown51
Acquisition Capacity43
High Interest Rates40
Dividend Sustainability49
Revenue Decline52
Cash Flow Resilience48
Expansion Capacity48
Overall Resilience Score
47/100
Fragile — Review Risks
AI Balance Sheet Commentary
Overall Assessment
- Punjab National Bank has an adequate but tight balance sheet — leverage and liquidity warrant monitoring.
What Stands Out
- Large cash & investment reserves
Areas To Monitor
- Elevated debt-to-equity ratio
- Thin interest coverage — cyclical earnings risk
- Tight short-term liquidity cushion
- Large 'other assets' bucket — investigate composition
- Slow book value compounding
Financial data based on consolidated numbers and TTM · Source: Company Filings, Annual Report AI Analysis · Data as of: 31/03/2026