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Punjab & Sind Bank Ltd.
(PSB)
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Rating:53Neutral
Price Target:
₹18.50
▼(-37.01% Downside)
Action:Reiterated
Date:10/24/26
The score is driven primarily by mixed financial performance—profitability has improved, but revenue durability, rising leverage, and very inconsistent cash flows add meaningful risk. Technicals are notably weak with a strong downtrend below major moving averages, partially offset by attractive valuation (low P/E and a modest dividend yield).
Positive Factors
Profitability Recovery
The return to sustained profitability marks a meaningful recovery from the FY2021 loss-making position. Rising net income through FY2026 improves internal capital generation and provides a stronger base for absorbing credit costs, supporting lending growth, and maintaining financial resilience.
Negative Factors
Revenue Durability
The sharp FY2026 revenue contraction interrupts the prior expansion trend and raises concern about the durability of PSB's earnings growth. If weaker top-line performance persists, it could constrain operating leverage, reduce reinvestment capacity, and make recent profit gains less dependable.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Recovery
The return to sustained profitability marks a meaningful recovery from the FY2021 loss-making position. Rising net income through FY2026 improves internal capital generation and provides a stronger base for absorbing credit costs, supporting lending growth, and maintaining financial resilience.
Read all positive factors
Punjab & Sind Bank Ltd. (PSB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹139.50B
Dividend Yield1.98%
Average Volume (3M)123.34K
Price to Earnings (P/E)9.3
Beta (1Y)2.01
Revenue Growth3.18%
EPS Growth26.70%
CountryIN
Employees8,735
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.95
Shares Outstanding7,095,585,400
10 Day Avg. Volume220,448
30 Day Avg. Volume123,337
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)1.04
Price to Sales (P/S)1.07
P/FCF Ratio4.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Punjab & Sind Bank Ltd. Business Overview & Revenue Model
Company Description
Punjab & Sind Bank, an Indian financial institution established in New Delhi in 1908, offers a comprehensive range of banking and financial services throughout the country. Its operations are divided into four primary areas: Treasury Operations, C...
How the Company Makes Money
PSB primarily makes money through the standard commercial banking model: earning income on assets (mainly loans and investments) and charging fees for services, while paying interest on deposits and incurring operating and credit costs.
1) Net in...
Punjab & Sind Bank Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
58
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 138.35B | 137.59B | 130.79B | 105.62B | 89.05B | 81.07B |
| Gross Profit | 52.86B | 55.32B | 53.81B | 37.09B | 38.86B | 36.63B |
| EBITDA | 19.62B | 19.29B | 14.83B | 10.87B | 17.68B | 13.24B |
| Net Income | 13.84B | 13.22B | 10.16B | 5.95B | 13.13B | 10.39B |
Balance Sheet | ||||||
| Total Assets | 1.82T | 1.79T | 1.62T | 1.48T | 1.36T | 1.21T |
| Cash, Cash Equivalents and Short-Term Investments | 62.45B | 62.99B | 101.89B | 73.83B | 62.97B | 90.47B |
| Total Debt | 168.81B | 163.52B | 118.80B | 106.37B | 90.18B | 24.44B |
| Total Liabilities | 1.67T | 1.65T | 1.48T | 1.32T | 1.21T | 1.07T |
| Stockholders Equity | 146.33B | 141.32B | 133.55B | 155.33B | 151.09B | 140.11B |
Cash Flow | ||||||
| Free Cash Flow | -84.63B | 33.45B | -5.33B | 26.07B | 1.34T | -61.19B |
| Operating Cash Flow | -83.95B | 35.86B | -3.65B | 28.36B | 1.43T | -59.99B |
| Investing Cash Flow | -677.80M | -221.13B | -126.31B | -2.29B | -881.60M | -1.21B |
| Financing Cash Flow | 57.14B | 160.06B | 144.33B | 93.10B | 61.97B | 40.68B |
Punjab & Sind Bank Ltd. Technical Analysis
Negative
29.37
Price Trends
21.98
Negative
22.99
Negative
23.99
Negative
Market Momentum
-0.68
Positive
37.15
Neutral
21.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PSB, the sentiment is Negative. The current price of 29.37 is above the 20-day moving average (MA) of 20.77, above the 50-day MA of 21.98, and above the 200-day MA of 23.99, indicating a bearish trend. The MACD of -0.68 indicates Positive momentum. The RSI at 37.15 is Neutral, neither overbought nor oversold. The STOCH value of 21.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PSB.
Punjab & Sind Bank Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹1.13T | 8.56 | ― | 2.18% | 12.44% | 17.22% | |
72 Outperform | ₹1.39T | 6.11 | ― | 2.48% | 2.89% | 34.19% | |
69 Neutral | ₹598.68B | 4.80 | ― | 3.54% | 9.15% | 29.72% | |
65 Neutral | ₹1.40T | 6.41 | ― | 2.72% | 0.31% | 19.01% | |
59 Neutral | ₹280.26B | 9.39 | ― | 1.97% | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹139.50B | 9.29 | ― | 1.98% | 3.18% | 26.70% |
* General Sector Average
IN:PSB
Punjab & Sind Bank Ltd.
19.66
-11.42
-36.73%
IN:BANKINDIA
Bank of India
131.50
-5.14
-3.76%
IN:INDIANB
Indian Bank
839.00
3.88
0.46%
IN:PNB
Punjab National Bank
121.00
3.27
2.78%
IN:UCOBANK
UCO Bank
22.35
-9.91
-30.72%
IN:UNIONBANK
Union Bank of India Limited
184.00
41.22
28.87%
Punjab & Sind Bank Ltd. Corporate Events
Punjab & Sind Bank Releases Investor Presentation on Q2 and Half-Year FY2026 Results
Oct 17, 2026
Punjab Sind Bank Ltd., the New Delhi-based public sector lender listed on BSE and NSE, has notified the exchanges that it has prepared an investor presentation on its reviewed unaudited financial results for the second quarter and half year ended...
CARE Reaffirms Punjab & Sind Bank’s AA Rating on Tier II Bonds
Aug 22, 2026
Punjab Sind Bank said CARE Ratings has reaffirmed its ‘CARE AA; Stable’ rating on three series of Tier II bonds totalling ₹1,237.30 crore, reflecting improved asset quality in FY26, comfortable capitalisation and the expectation...
Punjab & Sind Bank Concludes 16th AGM, Submits Voting Results to Exchanges
Jul 28, 2026
Punjab Sind Bank held its 16th Annual General Meeting on July 28, 2026, conducted via video conferencing with the deemed venue at its New Delhi head office. The meeting, chaired by Managing Director and CEO Swarup Kumar Saha, saw 77 shareholders ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.