NSEI:PSB

Stock Analysis Report

Punjab & Sind Bank

Executive Summary

Punjab & Sind Bank provides various banking and financial products and services in India.

Snowflake

Fundamentals

Adequate balance sheet and overvalued.

Share Price & News

How has Punjab & Sind Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PSB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

10.7%

PSB

3.1%

IN Banks

0.9%

IN Market


1 Year Return

-27.7%

PSB

12.8%

IN Banks

5.3%

IN Market

Return vs Industry: PSB underperformed the Indian Banks industry which returned 12.8% over the past year.

Return vs Market: PSB underperformed the Indian Market which returned 5.3% over the past year.


Shareholder returns

PSBIndustryMarket
7 Day10.7%3.1%0.9%
30 Day17.2%8.0%2.3%
90 Day0.7%15.4%11.7%
1 Year-27.7%-27.7%13.2%12.8%7.3%5.3%
3 Year-57.8%-57.8%32.3%30.8%37.4%30.4%
5 Year-64.3%-66.0%21.0%17.0%40.9%28.1%

Price Volatility Vs. Market

How volatile is Punjab & Sind Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Punjab & Sind Bank undervalued compared to its fair value and its price relative to the market?

0.2x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PSB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PSB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PSB is unprofitable, so we can't compare its PE Ratio to the Banks industry average.

PE vs Market: PSB is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PSB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PSB is good value based on its PB Ratio (0.2x) compared to the IN Banks industry average (0.7x).


Next Steps

Future Growth

How is Punjab & Sind Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

32.3%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Punjab & Sind Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Punjab & Sind Bank performed over the past 5 years?

-59.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PSB has high quality earnings.

Growing Profit Margin: PSB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PSB is unprofitable, and losses have increased over the past 5 years at a rate of -59.8% per year.

Accelerating Growth: Unable to compare PSB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PSB is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (25.8%).


Return on Equity

High ROE: PSB has a negative Return on Equity (-8.79%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Punjab & Sind Bank's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: PSB has a low level of unsold assets or inventory.

Debt Coverage by Assets: PSB's debt is covered by short term assets (assets are 3.3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable PSB has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PSB is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 37.1% per year.


Financial Institutions Analysis

Asset Level: PSB's level of assets compared to its equity is moderate.

Allowance for Bad Loans: Insufficient data to determine if PSB has a sufficient allowance for bad loans.

Low Risk Liabilities: PSB's liabilities are made up of primarily low risk sources of funding.

Loan Level: PSB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: PSB's loans are broadly funded by customer deposits.

Level of Bad Loans: PSB has a high level of bad loans (14.67%)


Next Steps

Dividend

What is Punjab & Sind Bank's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.5%industryaverage0.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate PSB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate PSB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PSB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PSB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: PSB is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PSB's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Punjab & Sind Bank's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average management tenure


CEO

S. Harisankar (58yo)

1.2yrs

Tenure

₹1,425,408

Compensation

Mr. S. Harisankar serves as Managing Director, Chief Executive Officer and Director of Punjab & Sind Bank since September 19, 2018. He served as an Executive Director of Allahabad Bank till September 19, 2 ...


CEO Compensation Analysis

Compensation vs Market: S.'s total compensation ($USD19.83K) is below average for companies of similar size in the Indian market ($USD277.19K).

Compensation vs Earnings: Insufficient data to compare S.'s compensation with company performance.


Management Age and Tenure

1.7yrs

Average Tenure

59yo

Average Age

Experienced Management: PSB's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Age and Tenure

2.0yrs

Average Tenure

59yo

Average Age

Experienced Board: PSB's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.5%.


Management Team

  • Govind Dongre (59yo)

    Executive Director

    • Tenure: 2.1yrs
    • Compensation: ₹2.36m
  • Fareed Abdul Ahmed (59yo)

    Executive Director

    • Tenure: 2.8yrs
    • Compensation: ₹2.40m
  • Subhash Ahuja

    Chief Customer Service Officer

    • Tenure: 3.6yrs
  • S. Harisankar (58yo)

    MD, CEO & Director

    • Tenure: 1.2yrs
    • Compensation: ₹1.43m
  • Harvinder Sachdev

    CFO & GM of Accounts

    • Tenure: 1.7yrs
  • Sanjay Jain

    Chief Vigilance Officer

    • Tenure: 0yrs
  • Vinay Khandelwal

    Company Secretary & Compliance Officer

    • Tenure: 0yrs
  • Amit Srivastava

    Chief Risk Officer

    • Tenure: 0yrs

Board Members

  • B. Vijayendra (63yo)

    RBI Nominee Director

    • Tenure: 0.6yrs
  • Harsh Singh (65yo)

    Non-Official Shareholder Director

    • Tenure: 2.3yrs
    • Compensation: ₹595.00k
  • Govind Dongre (59yo)

    Executive Director

    • Tenure: 2.1yrs
    • Compensation: ₹2.36m
  • Tirath Mendiratta (60yo)

    Non-Official Shareholder Director

    • Tenure: 2.3yrs
    • Compensation: ₹480.00k
  • Sewa Mehar (57yo)

    Government Nominee Director

    • Tenure: 5.2yrs
  • Fareed Abdul Ahmed (59yo)

    Executive Director

    • Tenure: 2.8yrs
    • Compensation: ₹2.40m
  • S. Harisankar (58yo)

    MD, CEO & Director

    • Tenure: 1.2yrs
    • Compensation: ₹1.43m
  • Madhu Dadu (56yo)

    Non Official Part Time Director

    • Tenure: 1.9yrs
    • Compensation: ₹500.00k
  • Shailesh Ghedia (62yo)

    Non Official Part Time Director

    • Tenure: 1.9yrs
    • Compensation: ₹500.00k
  • Charan Singh (59yo)

    Non-Executive Chairman

    • Tenure: 1.5yrs
    • Compensation: ₹480.00k

Company Information

Punjab & Sind Bank's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Punjab & Sind Bank
  • Ticker: PSB
  • Exchange: NSEI
  • Founded: 1908
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₹13.275b
  • Shares outstanding: 602.06m
  • Website: https://www.psbindia.com

Number of Employees


Location

  • Punjab & Sind Bank
  • 21-Rajendra Place
  • 1st Floor
  • New Delhi
  • Delhi
  • 110008
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
533295BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2010
PSBNSEI (National Stock Exchange of India)YesEquity SharesININRDec 2010

Biography

Punjab & Sind Bank provides various banking and financial products and services in India. The company offers deposit products, including saving accounts, current accounts, recurring deposit accounts, and f ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/20 12:54
End of Day Share Price2019/11/20 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.