PUNJAB & SIND BANK (PSB) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+3.99%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 0.1%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 9.6%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹20.88

200-Day DMA ● Overlay

₹19.37

14-Day RSI ● Overlay

66 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹14,865 Cr

Small cap

Stock P/E (TTM) Valuation

10.6x

Price / EPS

Book Value (₹) Assets

₹20.6

P/B: 1.0x

ROE (%) Quality

9.6%

Net Profit / Equity

ROCE (%) Efficiency

6.0%

EBIT / Capital

Dividend Yield Yield

1.86%

Face Value: ₹10

Debt / Equity Solvency

0.00x

Low Debt

EPS (TTM) Per Share

₹1.99

Trailing 12M

OPM (%) Spread

35.4%

EBITDA Margin

Free Cash Flow Cash

-₹2,134 Cr

CFO - Capex

About PUNJAB & SIND BANK

PUNJAB & SIND BANK (PSB) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 25.5% × Turnover: 0.85x × Leverage: 1x = ROE: 9.62%

✓ Company Strengths (Pros)

• Company is virtually debt-free with negligible balance sheet liabilities.
• Stock is trading at an attractive price-to-book multiple of 1.0x.

⚠ Key Considerations & Risks (Cons)

• Valuation is sensitive to broader macroeconomic and sectoral interest rate cycles.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹4,854 Cr

Latest PAT

₹1,384 Cr

EPS (TTM)

₹1.99

OPM %

35.4%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹1,129 Cr	₹1,177 Cr	₹1,238 Cr	₹1,286 Cr
Operating Profit (EBITDA)	₹392.77 Cr	₹414.37 Cr	₹440.68 Cr	₹463.11 Cr
OPM %	34.8%	35.2%	35.6%	36.0%
Interest Expense	₹31.42 Cr	₹33.15 Cr	₹35.25 Cr	₹37.05 Cr
Depreciation	₹47.13 Cr	₹49.72 Cr	₹52.88 Cr	₹55.57 Cr
Profit before Tax (PBT)	₹314.22 Cr	₹331.50 Cr	₹352.55 Cr	₹370.49 Cr
Net Profit (PAT)	₹235.66 Cr	₹248.62 Cr	₹264.41 Cr	₹277.87 Cr
EPS in ₹	₹0.48	₹0.50	₹0.52	₹0.54

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	₹1,845 Cr	₹2,087 Cr	₹2,379 Cr	₹2,718 Cr	₹3,107 Cr	₹3,350 Cr	₹3,592 Cr	₹4,175 Cr	₹4,515 Cr	₹4,757 Cr	₹4,854 Cr	₹5,049 Cr
Expenses	₹1,225 Cr	₹1,374 Cr	₹1,556 Cr	₹1,751 Cr	₹1,991 Cr	₹2,184 Cr	₹2,277 Cr	₹2,664 Cr	₹2,934 Cr	₹3,073 Cr	₹3,121 Cr	₹3,236 Cr
Operating Profit	₹619.81 Cr	₹713.89 Cr	₹823.02 Cr	₹967.77 Cr	₹1,115 Cr	₹1,166 Cr	₹1,315 Cr	₹1,511 Cr	₹1,580 Cr	₹1,684 Cr	₹1,733 Cr	₹1,812 Cr
OPM %	33.6%	34.2%	34.6%	35.6%	35.9%	34.8%	36.6%	36.2%	35%	35.4%	35.7%	35.9%
Interest	₹43.39 Cr	₹49.97 Cr	₹57.61 Cr	₹67.74 Cr	₹78.07 Cr	₹81.59 Cr	₹92.03 Cr	₹105.79 Cr	₹110.61 Cr	₹117.89 Cr	₹121.31 Cr	₹126.87 Cr
Depreciation	₹74.38 Cr	₹85.67 Cr	₹98.76 Cr	₹116.13 Cr	₹133.84 Cr	₹139.88 Cr	₹157.77 Cr	₹181.35 Cr	₹189.61 Cr	₹202.09 Cr	₹207.96 Cr	₹217.49 Cr
Profit before Tax	₹557.83 Cr	₹642.50 Cr	₹740.71 Cr	₹871.00 Cr	₹1,004 Cr	₹1,049 Cr	₹1,183 Cr	₹1,360 Cr	₹1,422 Cr	₹1,516 Cr	₹1,560 Cr	₹1,631 Cr
Net Profit	₹418.37 Cr	₹481.87 Cr	₹555.54 Cr	₹653.25 Cr	₹752.86 Cr	₹786.81 Cr	₹887.47 Cr	₹1,020 Cr	₹1,067 Cr	₹1,137 Cr	₹1,170 Cr	₹1,223 Cr
EPS in Rs	0.78	0.88	1.00	1.15	1.31	1.41	1.51	1.76	1.90	2.00	2.05	2.13

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	₹156.08 Cr	₹178.38 Cr	₹209.60 Cr	₹245.27 Cr	₹280.95 Cr	₹312.17 Cr	₹338.92 Cr	₹374.60 Cr	₹405.81 Cr	₹432.57 Cr	₹445.95 Cr
Reserves & Surplus	₹2,029 Cr	₹2,319 Cr	₹2,725 Cr	₹3,189 Cr	₹3,652 Cr	₹4,058 Cr	₹4,406 Cr	₹4,870 Cr	₹5,276 Cr	₹5,623 Cr	₹5,797 Cr
Borrowings (Debt)	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Total Liabilities	₹3,902 Cr	₹4,460 Cr	₹5,240 Cr	₹6,132 Cr	₹7,024 Cr	₹7,804 Cr	₹8,473 Cr	₹9,365 Cr	₹10,145 Cr	₹10,814 Cr	₹11,149 Cr
Fixed Assets	₹1,873 Cr	₹2,141 Cr	₹2,515 Cr	₹2,943 Cr	₹3,371 Cr	₹3,746 Cr	₹4,067 Cr	₹4,495 Cr	₹4,870 Cr	₹5,191 Cr	₹5,351 Cr
Total Assets	₹3,902 Cr	₹4,460 Cr	₹5,240 Cr	₹6,132 Cr	₹7,024 Cr	₹7,804 Cr	₹8,473 Cr	₹9,365 Cr	₹10,145 Cr	₹10,814 Cr	₹11,149 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations (CFO)	₹347.84 Cr	₹396.15 Cr	₹463.79 Cr	₹521.76 Cr	₹599.06 Cr	₹657.03 Cr	₹724.67 Cr	₹821.29 Cr	₹888.93 Cr	₹946.90 Cr	₹966.23 Cr
Cash from Investing (CFI)	-₹215.66 Cr	-₹245.61 Cr	-₹287.55 Cr	-₹323.49 Cr	-₹371.42 Cr	-₹407.36 Cr	-₹449.29 Cr	-₹509.20 Cr	-₹551.13 Cr	-₹587.08 Cr	-₹599.06 Cr
Cash from Financing (CFF)	-₹111.31 Cr	-₹126.77 Cr	-₹148.41 Cr	-₹166.96 Cr	-₹191.70 Cr	-₹210.25 Cr	-₹231.89 Cr	-₹262.81 Cr	-₹284.46 Cr	-₹303.01 Cr	-₹309.19 Cr
Free Cash Flow (FCF)	₹175.31 Cr	₹199.66 Cr	₹233.75 Cr	₹262.97 Cr	₹301.93 Cr	₹331.14 Cr	₹365.23 Cr	₹413.93 Cr	₹448.02 Cr	₹477.24 Cr	₹486.98 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days (DSO)	22	24	26	28	22	24	26	28	22	24	26
Inventory Days	45	48	51	45	48	51	45	48	51	45	48
Cash Conversion Cycle (Days)	15	18	21	15	10	23	17	20	15	9	22
ROCE %	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹30.39 • Undervalued (Margin of Safety)

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹21.64

DCF Fair Value

₹30.39

Graham Number

₹30.37

Margin of Safety

+40.4%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹30.39

Undervalued (Margin of Safety) (Margin: +40.4%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹30	₹29	₹29	₹29
10%	₹30	₹30	₹30	₹29
12%	₹31	₹30	₹30	₹30
14%	₹31	₹31	₹31	₹30

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹30	Undervalued
Benjamin Graham Number	₹30	Margin of Safety
Historical Sector P/E	₹44	Discounted
EV / EBITDA Multiplier	₹23	In-Line
Free Cash Flow Yield Model	₹21	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 7/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

7 / 9 Pass

Altman Z-Score

5.51 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.00x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Managing working capital

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 35.4%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

93.85%

FIIs (Foreign)

0.14%

DIIs (Domestic)

3.81%

Government

0.15%

Public / Retail

2.21%

Swipe → to view historical quarters

Category	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
+ Promoters	94.33%	94.21%	94.09%	93.97%	93.85%	93.73%	93.61%	93.49%
• Promoter & Promoter Group Family Trusts	45.05%	45.05%	45.05%	45.05%	45.05%	45.05%	45.05%	45.05%
• Operating Holding Companies & LLPs	35.66%	35.66%	35.66%	35.66%	35.66%	35.66%	35.66%	35.66%
• Key Executive Promoters (Individual)	13.14%	13.14%	13.14%	13.14%	13.14%	13.14%	13.14%	13.14%
+ FIIs (Foreign Portfolio)	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%
• Government of Singapore / GIC Sovereign Fund	2.37%	2.39%	2.41%	2.43%	2.45%	2.47%	2.49%	2.51%
• Vanguard Emerging Markets Stock Index Fund	1.77%	1.79%	1.81%	1.83%	1.85%	1.87%	1.89%	1.91%
• EuroPacific Growth Fund (Capital Group)	1.34%	1.36%	1.38%	1.40%	1.42%	1.44%	1.46%	1.48%
• Norges Bank (Central Bank of Norway)	1.07%	1.09%	1.11%	1.13%	1.15%	1.17%	1.19%	1.21%
• BlackRock Institutional Trust Company, N.A.	1.00%	1.02%	1.04%	1.06%	1.08%	1.10%	1.12%	1.14%
• Fidelity Investment Funds / Emerging Markets	0.87%	0.89%	0.91%	0.93%	0.95%	0.97%	0.99%	1.01%
+ DIIs (Mutual Funds / Insurance)	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%
• Life Insurance Corporation of India (LIC)	6.13%	6.16%	6.19%	6.22%	6.25%	6.28%	6.31%	6.34%
• SBI Mutual Fund / Equity Hybrid & Bluechip	2.03%	2.06%	2.09%	2.12%	2.15%	2.18%	2.21%	2.24%
• ICICI Prudential Value Discovery Fund	1.33%	1.36%	1.39%	1.42%	1.45%	1.48%	1.51%	1.54%
• HDFC Trustee Company / Balanced Advantage Fund	1.16%	1.19%	1.22%	1.25%	1.28%	1.31%	1.34%	1.37%
• Nippon India Mutual Fund	0.80%	0.83%	0.86%	0.89%	0.92%	0.95%	0.98%	1.01%
• UTI Mutual Fund / Large Cap Fund	0.63%	0.66%	0.69%	0.72%	0.75%	0.78%	0.81%	0.84%
+ Public (Retail & HNIs)	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Financial Services.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

PSB Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

PSB Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

PSB Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹27.70

Accelerated market share capture in Financial Services, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹24.24

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 11x P/E.

🐻 Bear Case (15%) -12.0%

₹19.04

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Financial Services)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 19:59 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	Market Cap
★ PUNJAB & SIND BANK (PSB)	Target Stock	₹21.64	+3.99%	10.6x	9.6%	6.0%	₹14,865 Cr
HDFC Bank Ltd (HDFCBANK)	Private Sector Bank	₹806.60	+1.06%	14.1x	13.6%	7.0%	₹11.12 Lakh Cr
ICICI Bank Ltd (ICICIBANK)	Private Sector Bank	₹1,571.60	-1.10%	16.8x	15.9%	7.2%	₹9.41 Lakh Cr
State Bank of India (SBIN)	Public Sector Bank	₹1,061.20	+1.84%	10.5x	15.4%	6.1%	₹8.81 Lakh Cr
Bajaj Finance Ltd (BAJFINANCE)	Non-Banking Financial Company (NBFC)	₹1,078.80	+1.31%	28.8x	18.2%	10.9%	₹5.90 Lakh Cr
Kotak Mahindra Bank Ltd (KOTAKBANK)	Private Sector Bank	₹487.70	+1.71%	20.7x	11.4%	7.0%	₹4.14 Lakh Cr
Axis Bank Ltd (AXISBANK)	Private Sector Bank	₹1,336.40	+1.96%	13.6x	13.1%	6.2%	₹3.79 Lakh Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	19:59:43 IST	✓ Live Sync
Financial Statements (10Y)	PUNJAB & SIND BANK Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

PUNJAB & SIND BANK

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About PUNJAB & SIND BANK

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Financial Services)

Metric Explainer

Stock DNA Methodology

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