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Punjab & Sind Bank Q2 FY27 Share Price & Earnings Call Analysis

₹19.01-0.16% today
Market cap
₹13,489 Cr
P/E
8.98
ROE
9.62%
PEG
34.55
Price to sales
1.06
Debt to equity
11.86
52W high / low
₹31.9 / ₹18.2
Sales growth (5Y)
11.43%
EBITDA margin
70.89%
Net profit margin
11.03%
Promoter holding
93.85%
Sales (last year)
₹12,680 Cr

Punjab & Sind Bank is engaged in the Business of Deposits,Loans & Advances and Remittances & Collections.

Guidance scorecard · Q2 FY27 call

What Punjab & Sind Bank's management guided
and where it ranks in Banks

#24of 28 in
Banks
Revenue10–20%MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ2 FY27 call

10–20%
  • The bank expects overall business growth above 15% consistently in coming quarters.
  • Deposit growth guidance is between 13% to 14% annually.
  • Advances expected to grow at a healthy rate of 18% to 20%.
  • Credit-Deposit (CD) ratio is projected to remain stable around 82% to 83%.
  • RAM (Retail, Agriculture, Micro and Small Enterprises) advances share aimed to increase to 65% in FY27 and 70% by March 2028.
  • Core fee income and non-fund business show good quarter-on-quarter traction, supporting revenue growth.
  • Net interest income has grown by 22%, indicating improving margins.

2 more points from Punjab & Sind Bank's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

See what Punjab & Sind Bank said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • The bank is investing handsomely in IT infrastructure, focusing on cybersecurity upgrades, recovery management tools, and resilience operations center implementation, with completion targeted by March 2027.
  • Investments are staggered to maximize near-term benefits while enhancing long-term efficiency.
  • Capital raising plans are in place, primarily via QIP route, with merchant bankers appointed; timing depends on market conditions.
  • The bank aims to maintain an optimal credit-to-deposit (CD) ratio around 82%-83% and sees room to grow advances by 18%-20%.
  • Expansion includes opening new branches in rural and semi-urban areas, targeting additional 300 potential locations, building capacity through recruitment.

2 more points from Punjab & Sind Bank's call on capex

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Full Q2 FY27 analysis

FundraisingQ2 FY27 call

Planned

See what Punjab & Sind Bank said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

  • The bank has built a healthy corporate credit pipeline of around Rs. 12,000 crores.
  • In-principle sanctions have been given for approximately Rs. 8,000 to Rs. 9,000 crores.
  • Overall, the total pipeline for corporate credit stands at around Rs. 20,000 crores.

2 more points from Punjab & Sind Bank's call on the order book

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Full Q2 FY27 analysis
Full Banks ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Banks
on management's own guidance

  1. AU Small Finance Bank LtdGood growth
    2
  2. Canara BankGood growth
    1
  3. RBL BankGood growth
    3
See all potential multibaggersWhere does Punjab & Sind Bank rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Banks companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Canara Bank20–40%Flat₹1.07L Cr5.2
2AU Small Finance Bank Ltd20–40%Flat₹65,049 Cr22.8
3RBL Bank20–40%Flat₹54,486 Cr46.2
420–40%Flat₹27,663 Cr9.3
520–40%Flat₹12,690 Cr8.0
620–40%Flat₹6,206 Cr7.4

Sign up free to see every company in the sector ranking and track Punjab & Sind Bank.

Pro shows every company guiding 40%+ revenue growth →Full Banks ranking

Financials of Punjab & Sind Bank

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Punjab & Sind Bank

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +98.25%98.25%98.25%98.25%98.25%93.85%93.85%93.85%93.85%93.85%93.85%93.85%
FIIs +0.01%0.02%0.00%0.00%0.00%0.73%0.25%0.16%0.16%0.15%0.14%0.12%
DIIs +0.65%0.65%0.65%0.65%0.65%4.32%4.08%4.03%4.00%3.90%3.81%3.79%
Public +1.09%1.09%1.11%1.11%1.10%1.11%1.82%1.96%1.99%2.09%2.21%2.24%
No. of Shareholders1,56,1091,84,6791,91,4451,99,3511,99,1331,99,8212,22,2342,22,1202,22,4152,22,3012,21,8492,22,056

Financials of Punjab & Sind Bank

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +2,4062,4912,4812,6522,7392,9313,1592,9112,9993,0423,0303,2133,394
Interest1,7311,7521,7921,8021,8661,9922,0372,0102,0492,0562,0552,1752,234
Expenses +6489208758319249021,3561,0469671,037787920948
Financing Profit27-181-18619-5236-234-146-17-51188119213
Financing Margin %1%-7%-8%1%-2%1%-7%-5%-1%-2%6%4%6%
Other Income +268362413194359338677469374507427332352
Depreciation0000000000000
Profit before tax295181227213307375442323357456615451565
Tax %36%37%39%15%22%25%29%17%18%26%31%27%27%
Net Profit +189114139182240282313269295336422332412
EPS in Rs0.280.170.210.270.350.420.440.380.420.470.590.470.58
Gross NPA %6.23%5.70%5.43%4.72%4.21%3.83%3.38%3.34%2.92%2.60%2.40%2.21%2.09%
Net NPA %1.88%1.80%1.63%1.59%1.46%1.25%0.96%0.91%0.83%0.74%0.79%0.65%0.61%

Financials of Punjab & Sind Bank

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +8,5898,7448,1737,9498,5597,9306,9747,0967,9939,69411,48111,98212,680
Interest6,9096,5696,0145,7146,2795,8724,7124,4445,0196,8537,6988,1708,519
Expenses +1,9152,1102,5363,3473,9814,4236,4682,2872,1452,9753,8693,6603,691
Financing Profit-23566-377-1,112-1,702-2,366-4,206364828-134-85152470
Financing Margin %-3%1%-5%-14%-20%-30%-60%5%10%-1%-1%1%4%
Other Income +4294785785818288979049599401,2211,5681,7781,619
Depreciation4646064-15541021371481501451770
Profit before tax147498201-595-859-1,522-3,4041,1871,6209371,3381,7522,089
Tax %18%33%0%25%-37%-35%-20%12%19%36%24%25%
Net Profit +121336201-744-543-991-2,7331,0391,3135951,0161,3221,502
EPS in Rs3.038.395.02-13.17-9.62-14.13-6.741.531.940.881.431.862.11
Dividend Payout %20%20%0%0%0%0%0%20%25%23%5%21%

Financials of Punjab & Sind Bank

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital4004004005655657014,0536,7786,7786,7787,0967,0967,096
Reserves5,1965,5705,7425,6185,1364,8954,3107,2338,3318,7566,2597,0377,448
Deposits88,04091,25085,540101,72698,55889,66896,108102,137109,665119,410129,774145,829153,312
Borrowing1,7232,8392,9583,6832,7143,2132,6442,4449,0189,77114,23016,35219,230
Other Liabilities +2,3942,5222,0022,1672,0092,0273,3672,4762,6622,9434,4572,9573,202
Total Liabilities97,753102,58196,643113,759108,982100,504110,482121,068136,455147,657161,815179,270190,288
Fixed Assets +9951,1331,0951,0831,2301,2411,5851,5771,5191,7561,7981,8622,012
CWIP0000000000000
Investments24,00727,64527,94832,98226,17324,55232,02342,28144,83849,59946,91249,38850,907
Other Assets +72,75273,80367,60079,69581,57974,71176,87477,20990,09796,302113,105128,020137,369
Total Assets97,753102,58196,643113,759108,982100,504110,482121,068136,455147,657161,815179,270190,288

Financials of Punjab & Sind Bank

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-1,982930-4951,063-972,210-5,848-5,9991,4281,746-2,294-1,893
Cash from Investing Activity +-84-38-33-51-61-63-446-121-88-229-168-241
Cash from Financing Activity +-39-2092161,531-3568145,0554,068-1,332-4313,898-387
Net Cash Flow-2,105683-3132,543-5142,960-1,239-2,05181,0861,437-2,521
Free Cash Flow-2,066892-5291,012-1582,147-6,294-6,1191,3401,518-2,461-2,134

Financials of Punjab & Sind Bank

Ratios

Working capital efficiency and return ratios

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%

Guidance history

How Punjab & Sind Bank's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →10–20%FlatPlannedPlanned—
Q1 FY27 call →10–20%Up 0–2%PlannedNone planned—
Q4 FY26 call →10–20%Up 0–2%Planned——
Q3 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

7out of 100

Momentum score · price trend

7 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−39.1%12%
Last 6 months−23.3%15%
Last 3 months−19.9%20%

The price is 85.2% below its all-time high of ₹128.35 (31 Dec 2010). Stocks more than 20% below their peak have their score halved, so 15 became 7.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Punjab & Sind Bank: 0.4 × 12 + 0.4 × 15 + 0.2 × 20 = 15, halved to 7 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Punjab & Sind Bank's management said in earlier quarters

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