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Punjab & Sind Bank Ltd.
(PSB)
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Rating:53Neutral
Price Target:
₹24.00
▼(-18.28% Downside)
Action:Reiterated
Date:08/04/26
The score is primarily held back by volatile cash flows, rising leverage, and a sharp FY2026 revenue decline despite improved profitability. Technical indicators also suggest a weak trend (negative MACD and price below key moving averages). Valuation is a relative positive with a reasonable P/E and modest dividend yield, but it is not strong enough to outweigh the financial and trend risks.
Positive Factors
Profitability Recovery
The bank moved from loss-making in FY2021 to sustained positive net income through FY2024–FY2026, showing that core operations and expense/credit management restored earnings power. This improves long-term resilience and ability to fund growth or absorb shocks versus prior years.
Negative Factors
Volatile Cash Generation
Operating and free cash flows have moved from deep negatives to spikes and back to negatives across years, indicating unpredictability in cash conversion. This volatility undermines confidence in internal funding for loan growth, dividends, or capital needs over a 2–6 month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Recovery
The bank moved from loss-making in FY2021 to sustained positive net income through FY2024–FY2026, showing that core operations and expense/credit management restored earnings power. This improves long-term resilience and ability to fund growth or absorb shocks versus prior years.
Read all positive factors
Punjab & Sind Bank Ltd. (PSB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹165.11B
Dividend Yield1.68%
Average Volume (3M)257.99K
Price to Earnings (P/E)11.9
Beta (1Y)1.90
Revenue Growth2.53%
EPS Growth21.26%
CountryIN
Employees8,735
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.95
Shares Outstanding7,095,585,400
10 Day Avg. Volume132,905
30 Day Avg. Volume257,994
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 (1) net interest income and (2) non-interest (fee and other) income. Net interest income is generated from the spread between interest earned on interest-bearing assets—mainly loans and advances to retail, MSME, a...
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
24.03
Negative
23.83
Negative
25.58
Negative
Market Momentum
-0.14
Positive
39.57
Neutral
29.34
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 23.72, above the 50-day MA of 24.03, and above the 200-day MA of 25.58, indicating a bearish trend. The MACD of -0.14 indicates Positive momentum. The RSI at 39.57 is Neutral, neither overbought nor oversold. The STOCH value of 29.34 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹1.34T | 6.13 | ― | 2.72% | 2.55% | 31.34% | |
71 Outperform | ₹1.18T | 9.20 | ― | 2.20% | 8.92% | 16.57% | |
70 Outperform | ₹1.42T | 6.91 | ― | 2.94% | -1.10% | 9.75% | |
69 Neutral | ₹324.77B | 11.46 | ― | 1.35% | ― | ― | |
69 Neutral | ₹648.76B | 5.48 | ― | 3.26% | 6.02% | 24.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹165.11B | 11.92 | ― | 0.26% | 2.53% | 21.26% |
* General Sector Average
IN:PSB
Punjab & Sind Bank Ltd.
23.21
-5.67
-19.63%
IN:BANKINDIA
Bank of India
141.50
28.93
25.70%
IN:INDIANB
Indian Bank
872.00
215.97
32.92%
IN:PNB
Punjab National Bank
117.00
12.97
12.47%
IN:UCOBANK
UCO Bank
25.69
-3.09
-10.74%
IN:UNIONBANK
Union Bank of India Limited
185.50
52.48
39.45%
Punjab & Sind Bank Ltd. Corporate Events
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 ...
Punjab & Sind Bank Sets July 28, 2026 Virtual AGM for Shareholders
Jul 2, 2026
Punjab Sind Bank Ltd. has scheduled its 16th Annual General Meeting of shareholders for Tuesday, July 28, 2026, at 11:00 a.m., to be conducted via video conferencing and other audio-visual means, underscoring the continued use of digital channels...
Punjab & Sind Bank Sets July 21, 2026 Record Date for FY 2025-26 Dividend
Jul 2, 2026
Punjab Sind Bank Ltd. has set July 21, 2026 as the record date to determine eligible shareholders for the final dividend for the financial year 2025-26. This follows the earlier announcement that the bank’s 16th Annual General Meeting will ...
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.