Punjab National Bank Share Price Target 2023, 2024, 2025, 2026, 2027, 2028 & 2030
Friends, in this post, we are going to talk about the share price target for Punjab National Bank (PNB) in 2023, 2024, 2025, 2026, 2027, 2028, and 2030. This is the second-largest public sector bank in India, both in terms of its business volumes and its network. PNB serves over 180 million customers and has 12,248 branches and 13,000+ ATMs.
About Punjab National Bank (PNB Bank)
The bank was established in May 1894 in the spirit of nationalism and was the first Swadeshi bank purely managed by Indians with Indian capital. During the entire history of the Punjab National Bank, nine banks have been merged. PNB is the second-largest public sector bank (PSB) in the country, with a global gross business of ₹ 20,23,713 crore. If you want to learn more about Punjab National Bank, visit their website at www.pnbindia.in.
PNB Financials
Consolidated
Standalone
Profit & Loss A/c
Balance Sheet
Ratios
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Total Income | 88,339.49 | 94,990.85 | 64,306.13 | 59,514.51 | 57,608.19 |
| Total Income Growth (%) | (7.00) | 47.72 | 8.05 | 3.31 | 0.67 |
| Provisions & Contingencies | 17,349.68 | 21,518.07 | 14,794.83 | 23,196.01 | 23,019.55 |
| Provisions & Contingencies Growth (%) | (19.37) | 45.44 | (36.22) | 0.77 | 63.51 |
| Profit after Tax (PAT) | 3,860.74 | 2,561.97 | 438.45 | (9,570.12) | (12,130.06) |
| PAT Growth (%) | 70.78 | 492.40 | – | – | (1,496.51) |
| Net Interest Margin (%) | 2.19 | 2.42 | 2.10 | 2.21 | 1.95 |
| Net Profit Margin (%) | 5.06 | 3.12 | 0.79 | (18.35) | (24.89) |
| Basic EPS (₹) | 3.53 | 2.64 | 0.80 | (29.68) | (54.71) |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Advances | 7,33,765.83 | 6,79,345.77 | 4,76,853.34 | 4,62,416.23 | 4,38,798.00 |
| Advances Growth (%) | 8.01 | 42.46 | 3.12 | 5.38 | 3.43 |
| Deposits | 11,54,234.46 | 11,13,716.86 | 7,10,254.37 | 6,81,874.18 | 6,48,439.02 |
| Deposits Growth (%) | 3.64 | 56.81 | 4.16 | 5.16 | 2.98 |
| Total Equity | 98,055.39 | 93,021.12 | 64,237.05 | 46,372.07 | 43,284.56 |
| Total Equity Growth (%) | 5.41 | 44.81 | 38.53 | 7.13 | (1.50) |
| Gross NPA (%) | – | – | – | – | – |
| Net NPA (%) | – | – | – | – | – |
| Capital Adequacy Ratios (%) | – | – | – | – | 9.82 |
| Contingent Liabilities | 6,06,685.43 | 3,85,387.95 | 2,13,299.34 | 3,07,895.89 | 3,08,790.19 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Return on Equity (%) | 4.26 | 3.00 | 0.74 | (22.51) | (31.26) |
| Return on Assets (%) | 0.28 | 0.20 | 0.05 | (1.21) | (1.55) |
| Cost to Income (%) | 42.83 | 44.25 | 41.90 | 58.61 | 63.64 |
| Interest income to Earning assets (%) | 5.69 | 6.39 | 6.44 | 6.59 | 6.25 |
| Interest Expense to Earning assets (%) | 3.49 | 3.96 | 4.34 | 4.38 | 4.30 |
| Price to Earnings (x) | 10.00 | 14.99 | 49.75 | (4.59) | (2.17) |
| Price to Book (x) | 0.43 | 0.45 | 0.37 | 1.03 | 0.68 |
| Price to Sales (x) | 0.51 | 0.47 | 0.40 | 0.84 | 0.54 |
| Operating Profit Margin (%) | (11.04) | (13.40) | (16.43) | (33.35) | (44.05) |
Profit & Loss A/c
Balance Sheet
Ratios
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Total Income | 87,199.49 | 93,561.62 | 63,074.16 | 58,687.66 | 56,876.64 |
| Total Income Growth (%) | (6.80) | 48.34 | 7.47 | 3.18 | 1.15 |
| Provisions & Contingencies | 17,304.86 | 20,958.46 | 14,402.35 | 22,970.74 | 22,577.02 |
| Provisions & Contingencies Growth (%) | (17.43) | 45.52 | (37.30) | 1.74 | 70.52 |
| Profit after Tax (PAT) | 3,456.96 | 2,021.62 | 336.19 | (9,975.49) | (12,282.82) |
| PAT Growth (%) | 71.00 | 501.32 | – | – | (1,027.14) |
| Net Interest Margin (%) | 2.18 | 2.41 | 2.09 | 2.21 | 1.94 |
| Net Profit Margin (%) | 4.61 | 2.50 | 0.62 | (19.44) | (25.59) |
| Basic EPS (₹) | 3.16 | 2.08 | 0.62 | (30.94) | (55.39) |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Advances | 7,28,185.68 | 6,74,230.08 | 4,71,827.72 | 4,58,249.20 | 4,33,734.72 |
| Advances Growth (%) | 8.00 | 42.90 | 2.96 | 5.65 | 3.39 |
| Deposits | 11,46,218.45 | 11,06,332.47 | 7,03,846.32 | 6,76,030.14 | 6,42,226.19 |
| Deposits Growth (%) | 3.61 | 57.18 | 4.11 | 5.26 | 3.30 |
| Total Equity | 95,486.90 | 90,937.31 | 62,357.49 | 44,787.13 | 41,074.31 |
| Total Equity Growth (%) | 5.00 | 45.83 | 39.23 | 9.04 | (1.85) |
| Gross NPA (%) | 11.78 | 14.12 | 14.21 | 15.50 | 18.38 |
| Net NPA (%) | 4.80 | 5.73 | 5.78 | 6.56 | 11.24 |
| Capital Adequacy Ratios (%) | 14.50 | 14.32 | 14.14 | 9.73 | 9.20 |
| Contingent Liabilities | 6,05,180.05 | 3,83,279.78 | 2,10,800.74 | 3,05,400.13 | 0.00 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Return on Equity (%) | 3.90 | 2.41 | 0.58 | (24.20) | (32.85) |
| Return on Assets (%) | 0.26 | 0.16 | 0.04 | (1.28) | (1.60) |
| Cost to Income (%) | 43.07 | 44.10 | 41.81 | 58.80 | 63.44 |
| Interest income to Earning assets (%) | 5.69 | 6.40 | 6.47 | 6.62 | 6.26 |
| Interest Expense to Earning assets (%) | 3.51 | 3.98 | 4.37 | 4.40 | 4.31 |
| Price to Earnings (x) | 11.17 | 19.01 | 64.94 | (4.40) | (2.15) |
| Price to Book (x) | 0.44 | 0.46 | 0.38 | 1.07 | 0.70 |
| Price to Sales (x) | 0.52 | 0.48 | 0.41 | 0.86 | 0.55 |
| Operating Profit Margin (%) | (11.83) | (13.36) | (16.61) | (33.81) | (44.09) |
Important Note: These price targets for “Punjab National Bank” are only for reference purposes. Short-term and long-term Punjab National Bank stock price predictions may be different due to the different analyzed time series. This prediction is only valid if there are positive market sentiments; any uncertainties in the company or global market condition are not covered in this analysis.
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Punjab National Bank’s share price target for 2023
In the fiscal year ended March 2022, India’s second-largest public sector bank reported a 70.78% increase in profit after tax (PAT). When we look at the stock’s 52-week performance, we can see that it has a high of ₹ 62.05 and a low of ₹ 27.45. The performance parameters suggest that 2023 is good for the growth of PNB. The first target for this year will be ₹ 67, and the second target will be ₹ 72.
| Year | Target 1 | Target 2 |
|---|---|---|
| 2023 | ₹ 67 | ₹ 72 |
Punjab National Bank share price target for 2024
India has emerged as a global emerging economy. Growth was also seen in the banking sector. It is expected that the share price of Punjab National Bank will also recover next year. In the next financial year, Punjab National Bank plans to expand into non-fund-based business and third-party product income, using synergies arising out of amalgamation, rationalisation of branches and ATMs, and administrative offices to reduce costs and expenses. Take advantage, and through all this I will strive towards maximum profit.
When it comes to price targets, the first one is ₹ 78, and the second is ₹ 85.
| Year | Target 1 | Target 2 |
|---|---|---|
| 2024 | ₹ 78 | ₹ 85 |
Punjab National Bank’s share price target for 2025
As we see, the competition is increasing in all the sectors, and the banking sector is also not untouched by it. Public-sector banks are getting good competition from private banks, and by 2025 the competition will increase further. If Punjab National Bank does not change its strategy by this time, then there is no chance for the stock to grow much. If we look at the target of the stock at this time, then the first target can be ₹ 91 and the second target can be ₹ 98.
| Year | Target 1 | Target 2 |
|---|---|---|
| 2025 | ₹ 91 | ₹ 98 |
Punjab National Bank share price target for 2026
The financial area was very much upheld by the actions from the controller and government that dealt with the pandemic-connected pressure. Notwithstanding a difficult year, the bank arrived at a mark of ₹ 19,31,322 crore in gross worldwide business as of FY 2021–22, with gross worldwide advances at ₹ 7,85,104 crore and gross worldwide deposits at ₹ 11,46,218 crore. If we look at the target price of the stock, then the first target would be ₹ 106 and the second one would be ₹ 115.
| Year | Target 1 | Target 2 |
|---|---|---|
| 2026 | ₹ 106 | ₹ 115 |
Punjab National Bank’s share price target for 2027
Return on Assets and Return on Equity improved to 0.26 percent and 5.96 percent, respectively, during FY 2021–22. The domestic and worldwide Net Interest Margin (NIM) remained at 2.79% and 2.71%, respectively, in FY 2021–22. If we talk about the target price of stock in 2027, then the first target would be ₹ 122 and the second target would be ₹ 130.
| Year | Target 1 | Target 2 |
|---|---|---|
| 2027 | ₹ 122 | ₹ 130 |
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Punjab National Bank’s share price target for 2028
NPAs, as we all know, are a massive problem in public sector banks. The PNB level of NPAs has seen successive decreases, with gross NPA reducing to ₹ 92,448 crore as of FY 2021–22 and net NPA decreasing to ₹ 34,909 crore from ₹ 1,04,423 crore and ₹ 38,576 crore, respectively. In FY 2021-22, the gross NPA ratio increased by 234 basis points to 11.78 percent, while the net NPA ratio improved by 93 basis points to 4.80 percent. Provision Coverage Ratio (PCR) (incl. TWO) improved by 146 bps to 81.60 percent as of FY 2021–22 from 80.14 percent as of FY 2020–21. If we talk about the target price for the next 5 years, then the first target would be ₹ 135 and the other one would be ₹ 142.
| Year | Target 1 | Target 2 |
|---|---|---|
| 2028 | ₹ 135 | ₹ 142 |
Punjab National Bank share price target for 2030
Embracing modern technologies has picked up critical speed across the banking and financial sectors too. Through the use of technology, unique and efficient digital platforms provide an innovative user experience to users. With this in mind, Punjab National Bank has created PNB 360, a comprehensive dashboard to monitor business performance.
Aside from the above, the bank has embraced a few initiatives, for example, the Bharat Bill Payment System (BBPS), which is being offered in the mobile application PNB ONE for “anywhere, whenever” bill payment; the Positive Pay System (PPS), which is an electronic confirmation system; and the Virtual Debit Card, which PNB has also launched. All of these initiatives are helpful to match the upcoming digital era and are also helpful for attracting customers, which ultimately contribute to the growth of the bank.
If we look at the target price of Punjab National Bank for 2030, the first target can be ₹ 163 and the second can be ₹ 175.
| Year | Target 1 | Target 2 |
|---|---|---|
| 2030 | ₹ 163 | ₹ 175 |
Recommendations: Buy or sell Punjab National Bank stock?
The bank is revamping the existing features by offering the PNB One application a computerised loan journey, marketplace features, lifestyle offerings, wealth management services, etc. It will take a long time for all these to come to fruition. These initiatives or strategy plans by the Punjab National Bank have already been adopted by many banks, such as HDFC, ICICI, and SBI. In the coming times, the competition in the market will increase further, and it will become even more difficult to connect with the customers. In such a situation, there will not be a big jump in the share price of Punjab National Bank.
According to forecast systems, Punjab National Bank stock and its market environment have a positive trend for the future, but it is not as high as other stocks provided in this period. You should consider other stocks for investment.
FAQ’s
What is the PE Ratio (Price Earning Ratio) of Punjab National Bank?
The current PE ratio of PNB is 25.21.
What is the 52 week high/low of Punjab National Bank share price?
Punjab National Bank share price saw a 52 week high of ₹ 62.05 and 52 week low of ₹ 27.45.
What will the Punjab National Bank Share Price Target For 2024?
The first target of Punjab National Bank share price can be ₹ 78 and second one is ₹ 85 in 2024.
What will be the Punjab National Bank share price target in the next 5 years?
In the next 5 years the first target of Punjab National Bank share price can be ₹ 135 and second one is ₹ 142.
What will be the Punjab National Bank share price target in the next 7 years?
In the next 7 years the first target of Punjab National Bank share price can be ₹ 163 and second one is ₹ 175.
Is it profitable to invest in Punjab National Bank stock?
According to forecast systems Punjab National Bank stock and its market environment has a positive trend in future but it is not as high as other stocks provided in this period. You should consider other stocks for investment.
What are the key metrics to analyze Punjab National Bank Share Price?
Punjab National Bank share can be quickly analyzed on following parameters:
- Stock's PE: 25.21
- Price to Book Ratio: 0.61
- Dividend Yield: 1.18
- EPS: 2.15
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