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Punjab & Sind Bank

PSB NSE
₹18.97 up 0.25 (1.34%)
Market Cap
₹13,460 Cr
P/E
8.99

Punjab & Sind Bank (PSB) share price was ₹18.72 at the 28 Oct 2026 close; market capitalisation ₹13,283 Cr; P/E (TTM) 8.87; sector Banks. The share price fell 40.7% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Sep 2026 quarter, revenue rose 13.2% year on year to ₹3,394.5 Cr and net profit rose 39.9% year on year to ₹412.0 Cr (compared with Sep 2025). Promoters held 93.85% of Punjab & Sind Bank in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 39/100 (Weak) as of 28 Oct 2026.

Close 28 Oct 2026 ₹18.72 −12.83 −40.67% 1Y

Key Fundamentals

MicrocapBanksFinancial Services
Market Cap
₹13,460 Cr
P/E (TTM)
8.99
EBITDA
₹1,929 Cr
Return on Equity
9.35%
Debt to Equity
0
Book Value
₹19.00
EPS (TTM)
₹2.11
52W High
₹32.46
52W Low
₹18.00

Price-based figures as of 29 Oct 2026, 10:55 IST · EPS basis: Standalone · TTM

Peer Comparison

Financial Services › Banks › Public Sector Bank

SBI
₹961.1010.298,87,169 Cr1.511.84%13.85%5.16%7,25,713 Cr89,666 Cr
Union Bank of India
₹186.276.461,42,191 Cr1.042.71%14.06%5.91%1,30,808 Cr22,000 Cr
Punjab National Bank
₹122.226.141,40,467 Cr0.932.47%12.26%5.24%1,51,526 Cr22,932 Cr
Bank of Baroda
₹235.176.691,21,615 Cr0.723.63%11.64%5.08%1,59,738 Cr18,393 Cr
Indian Bank
₹851.258.671,14,660 Cr1.442.17%15.27%5.75%84,489 Cr13,220 Cr
Canara Bank
₹119.155.301,08,077 Cr0.893.56%16.09%6.03%1,50,262 Cr20,314 Cr
Bank of Maharashtra
₹80.298.1961,755 Cr1.742.75%21.12%5.29%35,770 Cr7,536 Cr
Punjab & Sind Bank (this company)
₹18.978.9913,460 Cr1.001.99%9.35%5.53%14,299 Cr1,502 Cr
Median 8 companies₹154.257.441,18,138 Cr1.022.59%13.96%5.41%1,40,535 Cr19,354 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live 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 →

39 Weak
Overall score

Data confidence 100/100

Category scores

Quality Poor 35
Returns, margins, earnings quality 22% weight
Valuation Average 54
Cheap vs sector & own history 24% weight
Growth Average 50
Sales & profit trajectory 9% weight
Financial Health Poor 23
Solvency, leverage, coverage 9% weight
Momentum Poor 11
Trend strength, vol-adjusted 12% weight
Ownership Average 49
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

Oscillators

Neutral

Bearish
2
Neutral
5
Bullish
2

Overall

Bearish

Bearish
12
Neutral
5
Bullish
2

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
5.44% lower than 3Y

change over 1 year

Net Income Growth
30.13% higher than 3Y

change over 1 year

Cash Flow Change
17.46%

change over 1 year

EBITDA Margin Change
4.34%

change over 1 year

AI Analysis — Bull vs Bear

Figures as of 27 Oct 2026
AI opinion · based on fundamentals
Risk high

Punjab & Sind Bank trades at ₹19.6 as of 2026-10-27 with a market cap of ₹13,907 Cr, a P/E (TTM) of 9.29x, and a P/B of 1.03x. The stock is down roughly 40% from its 52-week high of ₹32.46 and sits just above its 52-week low of ₹18. TTM profit growth of 30% contrasts with a muted 6% TTM revenue growth and a modest 3-year ROE average of 7%.

Bull Case 8
  • TTM profit growth stands at 30%, indicating a strong recent earnings trajectory and improving bottom-line efficiency
  • P/E (TTM) of 9.29x is well below the broader banking sector average, suggesting the stock is not priced for high expectations
  • P/B ratio of 1.03x means the stock trades near book value, offering limited downside from an asset-backing perspective
  • Dividend yield of 2.05% provides a reasonable income cushion relative to many PSU bank peers at current price levels
  • 5-year compounded profit CAGR of 20% reflects a meaningful turnaround from earlier loss-making years
  • Last-year ROE improved to 10%, up from a 3-year average of 7% and a 10-year average of 0%, signalling a recovery in return profile
  • 10-year compounded profit CAGR of 15% shows the bank has managed to grow earnings over a full cycle despite intermittent stress periods
  • 5-year compounded sales CAGR of 11% demonstrates the bank has been growing its top line at a reasonable pace for a smaller PSU lender
Bear Case 8
  • Stock price has declined 31% over the past 1 year and fallen roughly 40% from its 52-week high of ₹32.46, reflecting severe negative momentum
  • Contingent liabilities of ₹9,924 Cr represent a significant off-balance-sheet risk relative to the bank's ₹13,907 Cr market cap
  • 3-year ROE averages just 7% and the 10-year ROE is 0%, indicating structurally weak capital efficiency over longer periods
  • Low interest coverage ratio suggests the bank's core earnings may be insufficient to comfortably service its obligations under stress
  • TTM revenue growth of only 6% and a 5-year sales CAGR of 11% are below the growth rates of stronger PSU banking peers
  • 3-year compounded profit CAGR is 0%, meaning that despite the recent 30% TTM jump, medium-term earnings have been flat
  • ROCE of 5.53% is modest, pointing to suboptimal deployment of total capital employed in the business
  • Potential capitalisation of interest costs raises questions about the true quality of reported earnings and asset valuations

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

AI News Digest

13h ago
Headwinds 2
  • CASA ratio declining Sep 29

    CASA ratio fell to 76.19% from 81.18% YoY as of June 30, indicating a shift toward costlier deposit mix that could pressure margins going forward.

  • Advances outpacing deposit growth Sep 29

    Gross advances grew 19.5% YoY vs deposit growth of 12.16% in Q1FY27, creating a widening gap that may require higher-cost funding to sustain lending momentum.

Positives 5
  • Q2 profit surges 40% YoY Oct 17

    Net profit jumped 39.7% YoY to ₹412 crore in Q2FY27 from ₹295 crore, supported by a 22% rise in NII to ₹1,162 crore and sharply lower provisions.

  • NIM expands 17 bps Oct 17

    Net Interest Margin improved 17 basis points to 2.77% in Q2FY27, reflecting better pricing power and healthy spreads on the loan portfolio.

  • Asset quality improves sharply Oct 17

    Gross NPAs improved to 2.09% from 2.92% YoY and net NPAs declined to 0.61% from 0.83%, showing a consistent downward trajectory in stressed assets.

  • $1B foreign fundraising approved Sep 29

    Board approved a Medium-Term Note programme of up to $1 billion for foreign currency bond issuance, supporting balance sheet expansion plans.

  • Gross advances up 19.4% YoY Oct 1

    Gross advances rose 19.37% YoY to ₹1.26 lakh crore in Q2FY27, with total business growing 15.77% to ₹2.79 lakh crore.

Neutral 2
  • CD ratio rises to 82.19% Oct 1

    Credit-deposit ratio improved to 82.19% from 77.79% in Q2FY26, reflecting faster loan growth relative to deposits. Healthy but approaching levels that may need monitoring.

  • Total deposits up 12.98% Oct 1

    Total deposits increased 12.98% YoY to ₹1.53 lakh crore in Q2FY27, showing steady but slower growth compared to advances.

TL;DR: Punjab & Sind Bank is firing on most cylinders — Q2FY27 delivered 40% profit growth, expanding margins, and materially cleaner asset quality with GNPAs down to 2.09%. The $1B MTN programme and 19%+ advance growth signal an aggressive expansion stance. Key risks are the declining CASA ratio and the advances-deposit growth gap, which could squeeze margins if funding costs rise. The trend is firmly improving, but sustainability depends on maintaining deposit mobilization and asset quality discipline as the loan book scales.

Quarterly Results

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%
Figures in ₹ Crores

Profit & Loss

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%
—
Figures in ₹ Crores

Balance Sheet

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
Figures in ₹ Crores

Cash Flow

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
Figures in ₹ Crores

Ratios

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

92 extracted metrics + investor summaries across FY10–FY27.

Shareholding Pattern

FIIs0.12%Promot.93.85%Others0.26%Public1.98%DIIs3.79%As ofSep 2026

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 market capitalisation of Punjab & Sind Bank?
Punjab & Sind Bank has a market capitalisation of ₹13,460 Cr as of 29 Oct 2026, which places it in the Mid Cap band.
What is the PE ratio of Punjab & Sind Bank?
Punjab & Sind Bank trades at a PE ratio of 8.99 as of 29 Oct 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 ₹32.46 as of 29 Oct 2026.
Does Punjab & Sind Bank pay dividends?
Punjab & Sind Bank has a dividend yield of 2.08%.
What is the Return on Equity (ROE) of Punjab & Sind Bank?
Punjab & Sind Bank reported a return on equity of 9.35%. Its debt-to-equity ratio is 0.00.

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 2010-12-30
Face Value ₹ 10
Shares Outstanding 7,09,55,85,220

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