In this article, we delve into a comprehensive analysis of Punjab National Bank share price targets post Q3 results for the years 2024, 2025, 2026, 2027, 2030, 2040, and 2050. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.
Table of Contents
About
PNB, which stands for Punjab National Bank, has a rich history dating back to its establishment in May 1894. As a public sector bank, it operates under the ownership of the Government of India, playing a significant role in the country’s banking sector. Notably, PNB holds the distinction of being the third largest public sector bank, trailing behind industry giants such as the State Bank of India (SBI) and Bank of Baroda.
| Founded | May 1894 |
| NSE symbol | PNB |
| Chairman & MD | Atul Kumar Goel |
| Sector | Bank |
| Headquarters | New Delhi |
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Financial Details
As of January 27, 2024, the market capitalization stands at ₹1,15,065 crore.
The stock’s price-to-earnings ratio (P/E) is at 15.1, indicating the price of the stock relative to its earnings per share.
The return on capital employed (ROCE) is at 4.10%, reflecting the efficiency of capital utilization.
Meanwhile, the return on equity (ROE) stands at 3.34%, indicating the profitability of the company relative to shareholder equity. It is below the sector average of 10.2%.
The debt-to-equity ratio is at 13.2, signifying the proportion of debt used to finance the company’s assets compared to equity. The total debt amounts to ₹13,60,496 crore. (It is a combination of deposits received from people).
Foreign institutional investors (FIIs) hold 3.10% of the stock, while domestic institutional investors (DIIs) hold 13.7%. The holdings of both increased the latest quarterly results report.
The earnings per share (EPS) is ₹6.93 which is significantly lower compared to other banks. Additionally, the company has witnessed a sales growth of 25.4% over the specified period.
| Market Cap | ₹ 1,15,065 Cr | Stock P/E | 15.1 |
| ROCE | 4.10 % | ROE | 3.34 % |
| Debt to equity | 13.2 | Debt | ₹ 13,60,496 Cr |
| FII Holding | 3.10 % | DII Holding | 13.7 % |
| EPS | ₹ 6.93 | Sales growth | 25.4 % |
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Financial Statement
As of January 27, 2024, the financial performance of the company over the trailing twelve months (TTM) reflects a notable increase in net sales compared to the previous years. Net sales for the TTM period reached ₹104,688 crores, showcasing a significant rise from ₹86,845 crores in 2023 and ₹76,242 crores in 2022, and ₹81,935 crores in 2021.
Furthermore, other income remained relatively stable over the years, with amounts ranging from ₹12,329 crores to ₹12,862 crores.
However, expenses and interest expenses have also increased over the years, totaling ₹106,528 crores for the TTM period. This marks a notable increase from ₹93,319 crores in 2023, ₹82,849 crores in 2022, and ₹89,406 crores in 2021.
Despite the increase in expenses, the company managed to achieve a profit after tax of ₹7,670 crores for the TTM period, showcasing a significant improvement from ₹3,359 crores in 2023, ₹3,908 crores in 2022, and ₹2,695 crores in 2021.
| Particulars | TTM* | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Net Sales | 104,688 | 86,845 | 76,242 | 81,935 |
| Other Income | 12,862 | 12,529 | 12,329 | 12,777 |
| Expenses + Interest | 106,528 | 93,319 | 82,849 | 89,406 |
| Profit After Tax | 7,670 | 3,359 | 3,908 | 2,695 |
*TTM = trailing twelve months
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Technical Analysis
Looking at the chart, PNB experienced a resistance level at ₹99.65, which has now transformed into a support level as the current price is trading above it at ₹104. If the price sustains at this level, there’s potential for a pullback towards ₹90.0. Following the Q4 results, there’s a possibility of PNB initiating a move towards the next resistance level at ₹112.90. Beyond that, resistance levels at ₹128.24 and ₹146 are anticipated. It’s projected that PNB could reach ₹146 by mid-2025.
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Table of Punjab National Bank Share Price Target
As of 27 Jan 24, PNB share price is ₹104.
| Year | Min Target | Max Target |
|---|---|---|
| 2024 | ₹112 | ₹128 |
| 2025 | ₹135 | ₹158 |
| 2026 | ₹172 | ₹198 |
| 2027 | ₹236 | ₹276 |
| 2030 | ₹446 | ₹482 |
| 2040 | ₹980 | ₹1023 |
| 2050 | ₹2245 | ₹2876 |
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Punjab National Bank share price target in 2024:
- Minimum Target: ₹112
- Maximum Target: ₹128
In the upcoming year, the company is anticipated to maintain a price range between ₹112 and ₹128.
Punjab National Bank share price target in 2025:
- Minimum Target: ₹135
- Maximum Target: ₹158
Moving into 2025, the projected price range widens, reaching between ₹135 and ₹158.
Punjab National Bank share price target in 2026:
- Minimum Target: ₹172
- Maximum Target: ₹198
Further into the future, specifically in 2026, the anticipated price range expands to ₹172 to ₹198.
Punjab National Bank share price target in 2027:
- Minimum Target: ₹236
- Maximum Target: ₹276
By 2027, the company’s share price is expected to aim for a range of ₹236 to ₹276.
Punjab National Bank share price target in 2030:
- Minimum Target: ₹446
- Maximum Target: ₹482
Looking ahead to 2030, the minimum and maximum targets extend to ₹446 and ₹482, respectively.
Punjab National Bank share price target in 2040:
- Minimum Target: ₹980
- Maximum Target: ₹1023
In the long term, by 2040, the company is anticipated to potentially reach a price range between ₹980 and ₹1023.
Punjab National Bank share price target in 2050:
- Minimum Target: ₹2245
- Maximum Target: ₹2876
Projected into 2050, the minimum and maximum targets suggest a potential price range of ₹2245 to ₹2876.
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Positive and Negative Points of Punjab National Bank
Positive
- FIIs & DIIs increasing their stake in the company
- Profit growth over past 3 years.
Negative
- Poor Return On Equity over past 3 years 3.57%
- Poor Return On Capital Employed 4.10%.
- Company has low interest coverage ratio of 1.17.
Disclaimer
Investing in stock market is risky and subject to the market condition. This article provides an examination of the company for educational purposes only. We are not SEBI( Stock exchange board of India) registered advisors, and this is not an investment advice. We do not provide tips or calls. Before making any investment decisions, please conduct your own research or consult a qualified financial advisor.
FAQs
Q1: What are the projected share price targets for Punjab National Bank in 2024?
In 2024, the expected price range for Punjab National Bank shares is between ₹112 and ₹128.
Q2: What are the anticipated share price targets for Punjab National Bank in 2025?
The projected price range for 2025 widens to ₹135 to ₹158.
Q3: What are the forecasted share price targets for Punjab National Bank in 2026?
In 2026, the expected price range expands to ₹172 to ₹198.
Q4: What is the expected share price range for Punjab National Bank in 2027?
By 2027, the share price is forecasted to range between ₹236 and ₹276.
Q5: What are the share price targets for Punjab National Bank in 2030?
Looking ahead to 2030, the projected range extends from ₹446 to ₹482.
