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Every ratio from the Fundamental Analysis track, computed on a real company and annotated with what the number actually means. Then the three financial statements, so you can do the cash-flow check yourself.
Punjab National Bank provides various banking and financial products and services in India and internationally. The company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers personal banking products and services, including saving fund accounts, current accounts, fixed deposit, and capital gain account and gold monetization schemes; and housing, vehicle, education, personal, gold, and mortgage and other loans. It also provides various micro, small, and medium enterprises schemes and loans; banking products for government customers; agricultural schemes and loans; corporate banking products and services consist of loans against future lease rentals, working capital financing, and term loans; EXIM finance and cash management services, as well as gold card schemes for exporters; and international banking products and services. In addition, the company offers life and general insurance services; depository, mutual funds, merchant banking, and application supported by blocked amount services; and NRI banking and services. Further, the company provides mobile and internet banking, UPI, SMS banking, missed call, e-statement, ATM, passbook updating machine, and electronic cheque deposit machine services; and point of sale (PoS) is the payment acceptance solutions, NFC-enabled terminals facilitating quick payments, as well as debit and credit cards. Punjab National Bank was incorporated in 1894 and is headquartered in New Delhi, India.
How the price compares to earnings, assets and cash generation.
You are paying 5.9 years of current profit for each share. The earnings yield is 17.0%. The tracked Banking & Finance median is 20.4× (n=15), so this trades cheaper than its peers.
The market values the company at 0.8× its accounting net worth. High is normal for asset-light businesses and unusual for banks.
Not available.
Pays 2.65% of the current price out each year. Remember that yield rises when price falls — check the dividend is covered by cash flow.
Based on the next-year earnings estimate — 6.4× against 5.9× trailing. A forward P/E well below trailing is pricing in an earnings jump; treat the forecast with caution.
You pay 2.2× annual sales. Useful when earnings are depressed or negative and P/E breaks down — but a high multiple needs high margins to justify it.
Returns on capital and margins, the numerical shadow of a moat.
Earns ₹15.0 of profit a year for every ₹100 of shareholders' money. Always check how much of this comes from leverage rather than the business.
ROE is 13.8 points above ROA — a large gap, meaning leverage is doing much of the work.
Keeps ₹48.0 of operating profit from every ₹100 of sales. Compare only against companies in the same industry.
Sustained high net margins are evidence that something is stopping competitors from competing the profits away.
Keeps ₹0.0 of gross profit per ₹100 of sales, before operating costs. A high, stable gross margin is the clearest single sign of pricing power.
Leverage and liquidity. This is where fragility shows up first.
Not available.
Not available.
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Against cash of ₹1,63,205 Cr. Net debt is what matters, not gross borrowings.
Not available.
Revenue and earnings momentum, and how the two compare.
Ask where the growth came from: more volume, higher prices, or an acquisition. They are very different in quality.
Profits are growing faster than sales — margins are expanding, which is the sign of genuine operating leverage.
EBITDA of — and operating cash flow of —.
Not available.
The figures quoted per share, and how much profit is handed back to owners.
₹18.63 of profit earned per share over the last twelve months. Price divided by this is the trailing P/E.
The accounting net worth behind each share is ₹136.05; price-to-book compares the market price with this.
Pays out 16% of profit as dividends and retains the rest. Above roughly 85% leaves little to reinvest and is hard to sustain through a weak year.
Market cap plus net debt — closer to what an acquirer actually pays. Against a market cap of ₹1,25,928 Cr.
Return on equity splits into three drivers. The identical ROE can be a genuinely great business or a heavily borrowed ordinary one.
Leverage is doing much of the work here — a high ROE built on borrowing is more fragile than the same ROE earned from margins or turnover.
Nine yes/no tests of profitability, funding and efficiency across the last two years; higher is stronger. A test is dropped only where the data is missing, so the score is out of 7.
Reported figures, most recent year first. All values in rupees.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | ₹62619.97 Cr | ₹59760.55 Cr | ₹55260.52 Cr | ₹47092.10 Cr |
| Cost of revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Operating expenses | ₹33523.84 Cr | ₹32166.59 Cr | ₹29607.17 Cr | ₹24618.24 Cr |
| Operating income | — | — | — | — |
| Interest expense | ₹88069.40 Cr | ₹80703.84 Cr | ₹68534.16 Cr | ₹51816.99 Cr |
| Pre-tax income | ₹28452.59 Cr | ₹27165.52 Cr | ₹14159.95 Cr | ₹5150.88 Cr |
| Tax | ₹9985.90 Cr | ₹8612.91 Cr | ₹5002.80 Cr | ₹1792.08 Cr |
| Net profit | ₹18392.69 Cr | ₹18480.29 Cr | ₹9107.20 Cr | ₹3348.45 Cr |