Here is a data-driven look at Punjab National Bank (PNB), covering financial performance, valuation, and shareholding trends.
PNB Revenue Trend
Revenue for Punjab National Bank came in at ₹1,40,456 Cr in FY2025, growing 14.8% year-over-year.
The 10-year revenue CAGR of 9.9% reflects steady — if not spectacular — top-line expansion from ₹54,884 Cr to ₹1,40,456 Cr.
Punjab National Bank is a major banks company by revenue, with a top line of ₹1,40,456 Cr.
Revenue has moved in the same direction for 3 years running, suggesting the growth trend has structural legs.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹1,40,456 Cr | +14.8% |
| FY2024 | ₹1,22,394 Cr | +23.5% |
| FY2023 | ₹99,085 Cr | +12.2% |
| FY2022 | ₹88,339 Cr | -7.0% |
| FY2021 | ₹94,991 Cr | — |
View Punjab National Bank's full 10-year revenue trend with CAGR analysis →
Is PNB Undervalued
Based on the P/E Ratio model, Punjab National Bank's fair value works out to ₹100 — 5.1% downside from where it trades today.
Punjab National Bank shares are currently trading at ₹105.80.
Craytheon also calculates intrinsic value using the EPS Growth, P/B Ratio, and DDM models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | Upgrade | Upgrade |
| EPS Growth | Upgrade | Upgrade |
| P/B Ratio | ₹100 | 5.1% downside to fair value |
| DDM | Upgrade | Upgrade |
See all valuation models for Punjab National Bank with detailed assumptions →
PNB Shareholding Pattern
At 70.1%, the promoter stake has been flat for the past 4 quarters.
On the foreign institutional side, the holding is 6.4% as of March 2026 — up from 5.5%.
On the domestic institutional side, the holding is 16.1% as of March 2026 — up from 15.1%.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 70.1% | 6.4% | 16.1% | 7.5% |
| Dec 2025 | 70.1% | 5.9% | 16.1% | 7.9% |
| Sep 2025 | 70.1% | 5.7% | 15.5% | 8.7% |
| Jun 2025 | 70.1% | 5.5% | 15.1% | 9.3% |
Track quarterly shareholding changes for Punjab National Bank →
PNB Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2025, the total asset base came in at ₹18,575.44B, up 16.2% YoY from ₹15,986.36B.
Loans & Advances accounts for 58.5% of the total, ahead of Investments (28.3%) and Cash (8.1%).
Funding mix: 84.9% Deposits, 5.7% Borrowings, 7.2% Equity, 2.2% Other Liabilities. Over the year, deposits are up 14.3% and equity is up 20.6%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash | 1,507.60B |
| Loans & Advances | 10,862.73B |
| Investments | 5,248.40B |
| Other Assets | 956.71B |
| Category | Value |
|---|---|
| Equity | 1,337.66B |
| Deposits | 15,770.20B |
| Borrowings | 1,058.07B |
| Other Liabilities | 409.51B |
PNB Investment Snapshot
What should investors take away from Punjab National Bank's (PNB) latest numbers? Here's the summary.
Revenue of ₹1,40,456 Cr in FY2025, up 14.8% year-over-year.
Long-term revenue has been compounding at 9.9% annually over 10 years.
The company is profitable, with a net margin of 13.2% and net income of ₹18,480 Cr.
The P/B Ratio model implies 5.1% downside to fair value from the current price. The remaining three models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
Craytheon's full analysis of Punjab National Bank goes deeper: four valuation models, growth metrics, and 10 years of financial data.