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 ₹1,49,463 Cr in FY2026, growing 6.4% year-over-year.
The 10-year revenue CAGR of 10.0% is a good number — Punjab National Bank's top line has expanded meaningfully from ₹57,780 Cr to ₹1,49,463 Cr.
Punjab National Bank is a major banks company by revenue, with a top line of ₹1,49,463 Cr.
Revenue has moved in the same direction for 4 years running, suggesting the growth trend has structural legs.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹1,49,463 Cr | +6.4% |
| FY2025 | ₹1,40,456 Cr | +14.8% |
| FY2024 | ₹1,22,394 Cr | +23.5% |
| FY2023 | ₹99,085 Cr | +12.2% |
| FY2022 | ₹88,339 Cr | — |
View Punjab National Bank's full 10-year revenue trend with CAGR analysis →
PNB Profitability
Bottom-line growth was muted: Punjab National Bank earned ₹18,393 Cr in FY2026, similar to FY2025.
Net margin thinned to 12.3% in FY2026, compared to 13.2% the year before.
At ₹16.00 per share (diluted), FY2026 earnings were down year-over-year from ₹16.42.
Is PNB Undervalued
Punjab National Bank shares are currently trading at ₹113.00.
Craytheon calculates intrinsic value using the P/B Ratio, P/E Ratio, EPS Growth, and DDM models. All four appear in the Valuation Models cards below.
Valuation Models
PNB Shareholding Pattern
Promoters haven't moved — their 70.1% holding has been unchanged for 4 quarters.
On the foreign institutional side, the holding is 5.9% as of June 2026 — up from 5.7%.
Domestic investors held 16.1% of the company as of June 2026, up year-over-year from 15.5%.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Jun 2026 | 70.1% | 5.9% | 16.1% | 7.9% |
| 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% |
Track quarterly shareholding changes for Punjab National Bank →
PNB Balance Sheet
Proportional view as of 3 Aug 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2026, the total asset base came in at ₹20.33T, up 9.5% YoY from ₹18.58T.
Loans & Advances accounts for 60.9% of the total, ahead of Investments (25.7%) and Cash (8.1%).
Funding mix: 84.8% Deposits, 5.3% Borrowings, 7.4% Equity, 2.5% Other Liabilities. Over the year, deposits are up 9.4% and equity is up 12.6%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash | 1,641.22B |
| Loans & Advances | 12.38T |
| Investments | 5,235.15B |
| Other Assets | 1,077.14B |
| Category | Value |
|---|---|
| Equity | 1,506.62B |
| Deposits | 17.25T |
| Borrowings | 1,075.58B |
| Other Liabilities | 503.15B |
What Stands Out About PNB
In summary, Punjab National Bank (PNB) presents the following picture for fundamental analysts.
Revenue of ₹1,49,463 Cr in FY2026, up 6.4% year-over-year.
Long-term revenue has been compounding at 10.0% annually over 10 years.
The company is profitable, with a net margin of 12.3% and net income of ₹18,393 Cr.
Unlock Full Analysis
For the complete 10-year financial history with interactive charts and growth analysis, explore Punjab National Bank's detailed profile on Craytheon.