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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Punjab National Bank is an India-based bank. The Company's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. Its product categories include personal, corporate, international and capital services. Its personal products…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, fast-growing business, fairly priced.
PNB is scored on the bank / lender framework. It keeps a healthy 11.4% of every rupee of sales as net profit.
Over the last 3 years revenue compounded at 15%/yr and profit at 77%/yr. Book value has grown 13%/yr. Return on equity is a healthy 13.2%. In the latest quarter profit grew 4% versus the prior quarter.
At 8× earnings, the stock sits at the 44th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price asks for only ~-7%/yr growth over a decade — undemanding expectations. The books come through clean — a forensic grade of A.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 6.33 | 8.26 | better |
| P/B | 0.96 | 1.18 | better |
| ROE | 13.24 | 13.72 | worse |
| ROA | 0.89 | 1.09 | worse |
| NIM | 2.2 | 2.6 | worse |
| Net NPA | 0.29 | 0.41 | better |
| CASA | 37 | 39.04 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| HDFC Bank | 14.5 | 2.0 | 13.8% |
| Icici Bank | 17.9 | 2.9 | 16.0% |
| SBI | 10.0 | 1.5 | 13.8% |
Not applicable for this sector.
Revenue has grown every year across all 4 financial years shown. 15% CAGR over 3 years — steady double-digit compounder. Growth is decelerating — latest year grew slower than the year before.
Profit is on a 2-year growth streak. Profit is growing faster than revenue (77% vs 15%) — margin expansion is at work.
Operating margin has expanded from 5% to 18% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (77% vs 74%) — share dilution is eroding per-share value. 74% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 1.5× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Low quarterly variance (5% spread) — a predictable, non-seasonal revenue stream.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 70.1% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.