The Punjab National Bank is regarded as the first Swadeshi bank in India. It is a government-owned institution that provides banking and other financial services and has its headquarters in New Delhi, India. It offers checking and savings accounts, loans to a variety of economic sectors, and it ranks second among Indian Public Sector Undertakings, following Indian Overseas Bank.
PNB Share Price Target 2024-2030
Punjab National Bank as seed capital when it first opened its doors on April 12, 1895. It has since provided its retail customers with savings accounts, current accounts, fixed deposits, personal, home, and automobile loans, credit cards, debit cards, and wealth management services. Punjab National Bank’s share price went from 47.05 rupees to 135 rupees in a single year. PNB’s 52-week high is 137.50 rupees on April 4, 2024, and its 52-week low is 46.45 rupees.
PNB Share Price Target Today Update
New Delhi-based Punjab National Bank (PNB) is a commercial bank owned by the state. PNB is a prominent Indian commercial bank. They operate a bullion, credit card, debit card, life and non-life insurance, gold coin, and asset management businesses in addition to providing banking services. They are regarded as the bank in Delhi and Chennai that provides the highest levels of customer satisfaction.
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PNB Business Profile
In 2020, Punjab National Bank merged with United Bank of India and Oriental Bank of Commerce. The performance of Punjab National Bank over the past few years has pleased investors, who have received returns of 41.87% for the past five years and a gain of 181.78% in just one year. For the past year, PNB has been moving in the opposite direction.
- Industrial Exposure: Many different kinds of businesses can get loans from the bank. Energy (22 percent), roads and ports (15 percent), basic metals (15 percent), telecom (9 percent), textiles (6), chemicals (5), and other industries have the highest exposure.
- Retail Loan Mix Q3FY24
Core Retail : 54%
Home Loan : 32%
Vehicle Loan : 7%
Personal Loan : 7% - Industrial NPAs: With a GNPA percentage of 7.5 percent, the bank has non-performing assets totaling Rs. 16,700 crores against its industrial loans. Textiles accounted for 15% of these GNPA, followed by food processing (19%), engineering (10%), and infrastructure (10%).
- Capital Raised: PNB has managed to acquire capital in the amount of approximately 7243 Rs in 9MFY24, and it intends to collect a total of 12000 Rs. The board intends to raise approximately 7500 rupees as equity capital in FY25 via QIP/FPO or any other permitted method.
PNB Fundamentals & Quarterly Results
| Market Cap | ₹ 1,38,904 Cr. |
| Current Price | ₹ 126 |
| High / Low | ₹ 143 / 49.4 |
| Stock P/E | 15.2 |
| Book Value | ₹ 93.4 |
| Dividend Yield | 1.19 % |
| ROCE | 5.59 % |
| ROE | 8.85 % |
| Face Value | ₹ 2.00 |
| Debt to equity | 13.2 |
| Debt Capacity | -5.51 |
| Debt preceding year | ₹ 13,60,496 Cr. |
| Debt | ₹ 13,60,496 Cr. |
| Reserves | ₹ 1,00,678 Cr. |
| EPS | ₹ 8.27 |
| EPS last year | ₹ 8.27 |
| Pledged percentage | 0.00 % |
| FCF Prev Ann | ₹ 22,040 Cr. |
| EVEBITDA | 16.4 |
| Industry PE | 9.46 |
| PEG Ratio | 0.63 |
| Piotroski score | 5.00 |
| Earnings yield | 6.10 % |
| Sales growth 5Years | 15.9 % |
PNB Quarterly Results
| Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
| Revenue | 19,579 | 19,090 | 19,144 | 20,588 | 22,808 | 24,305 | 25,673 | 26,858 | 27,852 | 28,682 |
| Interest | 11,697 | 11,497 | 11,443 | 12,172 | 13,513 | 14,690 | 16,064 | 16,820 | 17,444 | 18,206 |
| Expenses + | 8,839 | 9,384 | 9,523 | 10,493 | 11,578 | 10,813 | 10,990 | 10,259 | 9,449 | 9,831 |
| Financing Profit | -957 | -1,791 | -1,822 | -2,077 | -2,282 | -1,197 | -1,381 | -221 | 959 | 646 |
| Financing Margin % | -5% | -9% | -10% | -10% | -10% | -5% | -5% | -1% | 3% | 2% |
| Other Income + | 2,696 | 2,261 | 2,384 | 2,704 | 3,325 | 3,827 | 3,360 | 2,999 | 2,676 | 4,294 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1,739 | 470 | 562 | 626 | 1,043 | 2,630 | 1,979 | 2,778 | 3,634 | 4,940 |
| Tax % | 34% | 48% | 46% | 42% | 37% | 34% | 39% | 36% | 38% | 37% |
| Net Profit + | 1,249 | 348 | 271 | 496 | 715 | 1,876 | 1,363 | 1,990 | 2,441 | 3,363 |
| EPS in Rs | 1.14 | 0.31 | 0.26 | 0.45 | 0.64 | 1.69 | 1.22 | 1.81 | 2.21 | 3.04 |
| Gross NPA % | ||||||||||
| Net NPA % |
CAGR Report
| 10 Years | 5 Years | 3 Years | TTM | |
| Compounded Sales Growth | 9% | 16% | 10% | 26% |
| Compounded Profit Growth | 10% | 24% | 52% | 172% |
| Stock Price CAGR | -4% | 8% | 50% | 156% |
| Return on Equity | 0% | 4% | 5% | 9% |
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Shareholding Pattern
| Shareholder Type | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| Promoters + | 62.25% | 75.41% | 83.19% | 76.87% | 73.15% | 73.15% | 73.15% |
| FIIs + | 9.14% | 3.41% | 2.18% | 2.94% | 1.36% | 1.71% | 4.82% |
| DIIs + | 22.23% | 13.09% | 7.82% | 9.07% | 11.60% | 13.53% | 12.37% |
| Government + | 0.01% | 0.01% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% |
| Public + | 6.37% | 8.09% | 6.80% | 11.12% | 13.89% | 11.61% | 9.67% |
| No. of Shareholders | 4,69,834 | 6,52,120 | 7,79,894 | 13,81,305 | 19,50,659 | 20,67,202 | 23,53,625 |
PNB Share Price Target 2024-2030 Forecast
| Year | Share Price Target |
| 2024 | ₹142 |
| 2025 | ₹157.30 |
| 2026 | ₹170.10 |
| 2027 | ₹185.35 |
| 2028 | ₹212.05 |
| 2029 | ₹230.70 |
| 2030 | ₹254.70 |
PNB Share Price Target 2025
| Month | Target Price |
| January | ₹143.35 |
| February | ₹141.50 |
| March | ₹140.75 |
| April | ₹146.90 |
| May | ₹148.85 |
| June | ₹149.30 |
| July | ₹152.05 |
| August | ₹150.20 |
| September | ₹153.30 |
| October | ₹154.20 |
| November | ₹156.55 |
| December | ₹157.30 |
PNB Share Price Target 2026
| Month | Target Price |
| January | ₹158.25 |
| February | ₹160.20 |
| March | ₹163.50 |
| April | ₹161.45 |
| May | ₹162.60 |
| June | ₹164.75 |
| July | ₹165.80 |
| August | ₹167.35 |
| September | ₹166.55 |
| October | ₹168.75 |
| November | ₹169.25 |
| December | ₹170.10 |
PNB Share Price Target 2027
| Month | Target Price |
| January | ₹172.60 |
| February | ₹171.04 |
| March | ₹173.05 |
| April | ₹173.80 |
| May | ₹175.65 |
| June | ₹175.90 |
| July | ₹178.45 |
| August | ₹179.95 |
| September | ₹181.25 |
| October | ₹182.60 |
| November | ₹183.15 |
| December | ₹185.35 |
PNB Share Price Target 2028
| Month | Target Price |
| January | ₹196.50 |
| February | ₹193.99 |
| March | ₹195.05 |
| April | ₹197.35 |
| May | ₹198.25 |
| June | ₹198.10 |
| July | ₹197.90 |
| August | ₹201.45 |
| September | ₹203.65 |
| October | ₹207.45 |
| November | ₹210.60 |
| December | ₹212.05 |
PNB Share Price Target 2029
| Month | Target Price |
| January | ₹213.60 |
| February | ₹215.45 |
| March | ₹217.20 |
| April | ₹214.65 |
| May | ₹216.35 |
| June | ₹218.55 |
| July | ₹220.75 |
| August | ₹221.90 |
| September | ₹223.85 |
| October | ₹225.25 |
| November | ₹227.05 |
| December | ₹230.70 |
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PNB Share Price Target 2030
| Month | Target Price |
| January | ₹233.60 |
| February | ₹235.65 |
| March | ₹236.80 |
| April | ₹235.65 |
| May | ₹237.45 |
| June | ₹240.20 |
| July | ₹242.60 |
| August | ₹246.90 |
| September | ₹247.30 |
| October | ₹249.25 |
| November | ₹252.85 |
| December | ₹254.70 |
Final Words
New Delhi-based Punjab National Bank (PNB) is a commercial bank owned by the state. PNB is a prominent Indian commercial bank. They operate a bullion, credit card, debit card, life and non-life insurance, gold coin, and asset management businesses in addition to providing banking services.
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