By Helgi Library - November 2, 2019
Punjab & Sind Bank's capital adequacy ratio reached 10.9% at the end of 2018, down from 11.3% compared to the previous year. ...
By Helgi Library - November 2, 2019
Punjab & Sind Bank's net interest margin amounted to 2.05% in 2018, down from 2.12% compared to the previous year. His...
By Helgi Library - November 2, 2019
Punjab & Sind Bank generated total banking revenues of INR 31.1 bil in 2018, up 10.4% compared to the previous year. ...
| Profit Statement | 2016 | 2017 | 2018 | |
| Net Interest Income | INR bil | 21.6 | 22.4 | 22.8 |
| Net Fee Income | INR bil | 0.899 | 0.835 | 0.948 |
| Other Income | INR bil | 4.88 | 4.98 | 7.33 |
| Total Revenues | INR bil | 27.4 | 28.2 | 31.1 |
| Operating Profit | INR bil | 12.4 | 11.4 | 14.0 |
| Provisions | INR bil | 10.4 | 17.4 | 22.6 |
| Net Profit | INR bil | 2.01 | -7.44 | -5.43 |
| Balance Sheet | 2016 | 2017 | 2018 | |
| Interbank Loans | INR bil | 2.25 | 8.76 | 16.8 |
| Customer Loans | INR bil | 583 | 666 | 692 |
| Total Assets | INR bil | 966 | 1,138 | 1,090 |
| Shareholders' Equity | INR bil | 61.4 | 61.8 | 57.0 |
| Interbank Borrowing | INR bil | 2.32 | 7.50 | 0 |
| Customer Deposits | INR bil | 855 | 1,017 | 986 |
| Issued Debt Securities | INR bil | 29.6 | 29.3 | 27.1 |
| Ratios | 2016 | 2017 | 2018 | |
| ROE | % | 3.32 | -12.1 | -9.15 |
| ROA | % | 0.202 | -0.707 | -0.488 |
| Costs (As % Of Assets) | % | 1.50 | 1.59 | 1.54 |
| Costs (As % Of Income) | % | 54.6 | 59.4 | 55.1 |
| Capital Adequacy Ratio | % | 11.1 | 11.3 | 10.9 |
| Net Interest Margin | % | 2.17 | 2.12 | 2.05 |
| Loans (As % Of Deposits) | % | 68.2 | 65.4 | 70.2 |
| NPLs (As % Of Loans) | % | 10.5 | 11.7 | 12.4 |
| Provisions (As % Of NPLs) | % | 29.9 | ... | ... |
| Valuation | 2016 | 2017 | 2018 | |
| Price/Earnings (P/E) | 11.0 | ... | ... | |
| Price/Book Value (P/BV) | 0.359 | 0.322 | 0.310 | |
| Dividend Yield | % | 0 | 0 | 0 |
| Earnings Per Share (EPS) | INR | 5.02 | -18.5 | -9.62 |
| Book Value Per Share | INR | 153 | 154 | 101 |
| Dividend Per Share | INR | 0 | 0 | 0 |
Get all company financials in excel:
| summary | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | |||||||||||||||
| Net Interest Income | INR bil | 16.4 | 16.2 | 16.8 | 21.8 | 21.6 | |||||||||
| Total Revenues | INR bil | 20.4 | 20.5 | 21.2 | 26.2 | 27.4 | |||||||||
| Operating Profit | INR bil | 7.42 | 7.57 | 6.48 | 12.7 | 12.4 | |||||||||
| Net Profit | INR bil | 3.39 | 3.01 | 1.21 | 3.36 | 2.01 | |||||||||
| balance sheet | |||||||||||||||
| Interbank Loans | INR bil | 8.77 | 18.2 | 7.63 | 14.3 | 2.25 | |||||||||
| Customer Loans | INR bil | 514 | 569 | 636 | 636 | 583 | |||||||||
| Debt Securities | INR bil | 225 | 283 | 268 | 276 | 279 | |||||||||
| Total Assets | INR bil | 805 | 945 | 978 | 1,026 | 966 | |||||||||
| Shareholders' Equity | INR bil | 46.0 | 50.1 | 56.0 | 59.7 | 61.4 | |||||||||
| Interbank Borrowing | INR bil | 2.38 | 7.87 | 70.1 | 59.1 | 2.32 | |||||||||
| Customer Deposits | INR bil | 650 | 779 | 817 | 871 | 855 | |||||||||
| Issued Debt Securities | INR bil | 25.4 | 16.9 | 13.3 | 13.4 | 29.6 | |||||||||
| ratios | |||||||||||||||
| ROE | % | 7.66 | 6.25 | 2.29 | 5.81 | 3.32 | |||||||||
| ROA | % | 0.442 | 0.344 | 0.126 | 0.335 | 0.202 | |||||||||
| Costs (As % Of Assets) | % | 1.69 | 1.48 | 1.53 | 1.35 | 1.50 | |||||||||
| Costs (As % Of Income) | % | 63.5 | 63.1 | 69.4 | 51.7 | 54.6 | |||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | 12.9 | 11.0 | 11.2 | 11.8 | 11.1 | ||||
| Net Interest Margin | % | 2.14 | 1.85 | 1.75 | 2.17 | 2.17 | |||||||||
| Interest Income (As % Of Revenues) | % | 80.6 | 79.1 | 79.2 | 83.0 | 78.9 | |||||||||
| Fee Income (As % Of Revenues) | % | 3.92 | 3.64 | 3.60 | 3.09 | 3.28 | |||||||||
| Equity (As % Of Assets) | % | 5.72 | 5.30 | 5.72 | 5.82 | 6.36 | |||||||||
| Loans (As % Of Deposits) | % | 79.0 | 73.0 | 77.9 | 73.0 | 68.2 | |||||||||
| Loans (As % Assets) | % | 63.8 | 60.2 | 65.0 | 62.0 | 60.4 | |||||||||
| NPLs (As % Of Loans) | % | 2.97 | 4.44 | 4.79 | 6.52 | 10.5 | |||||||||
| Provisions (As % Of NPLs) | % | ... | 26.8 | 24.2 | 25.7 | 30.0 | 29.9 | ... | ... | ||||||
| valuation | |||||||||||||||
| Market Capitalisation (End Of Period) | USD mil | ... | ... | ... | ... | 270 | 201 | 290 | 209 | 324 | |||||
| Number Of Shares (Average) | mil | ... | ... | ... | ... | 235 | 260 | 338 | 400 | 400 | |||||
| Share Price (End Of Period) | INR | ... | ... | ... | ... | 62.9 | 47.9 | 54.1 | 34.6 | 55.0 | |||||
| Earnings Per Share (EPS) | INR | ... | ... | ... | ... | 14.4 | 11.6 | 3.59 | 8.39 | 5.02 | |||||
| Book Value Per Share | INR | ... | ... | ... | ... | 196 | 193 | 166 | 149 | 153 | |||||
| Dividend Per Share | INR | ... | ... | ... | ... | 2.89 | 2.33 | 0.711 | 1.65 | 0 | |||||
| Price/Earnings (P/E) | ... | ... | ... | ... | 4.36 | 4.14 | 15.1 | 4.12 | 11.0 | ... | ... | ||||
| Price/Book Value (P/BV) | ... | ... | ... | ... | 0.321 | 0.248 | 0.327 | 0.232 | 0.359 | ||||||
| Dividend Yield | % | ... | ... | ... | ... | ... | 4.60 | 4.87 | 1.31 | 4.77 | 0 | ||||
| Earnings Per Share Growth | % | ... | ... | ... | ... | ... | -28.7 | -19.7 | -69.0 | 134 | -40.1 | ||||
| Book Value Per Share Growth | % | ... | 2.79 | -1.38 | -14.2 | -9.94 | 2.89 |
| income statement | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | |||||||||||||||
| Interest Income | INR bil | 73.4 | 79.7 | 85.9 | 87.4 | 81.7 | |||||||||
| Interest Cost | INR bil | 57.0 | 63.5 | 69.1 | 65.7 | 60.1 | |||||||||
| Net Interest Income | INR bil | 16.4 | 16.2 | 16.8 | 21.8 | 21.6 | |||||||||
| Net Fee Income | INR bil | 0.798 | 0.745 | 0.764 | 0.810 | 0.899 | |||||||||
| Other Income | INR bil | 3.14 | 3.53 | 3.65 | 3.65 | 4.88 | |||||||||
| Total Revenues | INR bil | 20.4 | 20.5 | 21.2 | 26.2 | 27.4 | |||||||||
| Operating Cost | INR bil | 12.9 | 12.9 | 14.7 | 13.6 | 15.0 | |||||||||
| Operating Profit | INR bil | 7.42 | 7.57 | 6.48 | 12.7 | 12.4 | |||||||||
| Provisions | INR bil | 2.56 | 5.13 | 5.00 | 7.67 | 10.4 | |||||||||
| Extra and Other Cost | INR bil | -0.001 | -0.002 | < -0.001 | < -0.001 | 0 | |||||||||
| Pre-Tax Profit | INR bil | 4.87 | 2.44 | 1.48 | 4.98 | 2.01 | |||||||||
| Tax | INR bil | 1.47 | -0.568 | 0.268 | 1.62 | 0 | |||||||||
| Minorities | INR bil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Net Profit | INR bil | 3.39 | 3.01 | 1.21 | 3.36 | 2.01 | |||||||||
| Dividends | INR bil | 0.681 | 0.606 | 0.240 | 0.661 | 0 | |||||||||
| growth rates | |||||||||||||||
| Net Interest Income Growth | % | ... | 9.32 | -1.25 | 3.62 | 29.6 | -0.756 | ||||||||
| Net Fee Income Growth | % | ... | 6.90 | -6.61 | 2.50 | 6.04 | 10.9 | ||||||||
| Total Revenue Growth | % | ... | 6.08 | 0.619 | 3.55 | 23.6 | 4.41 | ||||||||
| Operating Cost Growth | % | ... | 5.04 | -0.160 | 14.0 | -7.87 | 10.3 | ||||||||
| Operating Profit Growth | % | ... | 7.95 | 1.98 | -14.3 | 95.2 | -1.88 | ||||||||
| Pre-Tax Profit Growth | % | ... | -20.8 | -49.9 | -39.3 | 236 | -59.7 | ||||||||
| Net Profit Growth | % | ... | -24.8 | -11.4 | -59.6 | 177 | -40.1 | ||||||||
| market share | |||||||||||||||
| Market Share in Revenues | % | ... | ... | ... | ... | ... | ... | 0.862 | 0.759 | 0.698 | 0.778 | 0.681 | ... | ||
| Market Share in Net Profit | % | ... | ... | ... | ... | ... | ... | 0.573 | 0.558 | 0.222 | 0.817 | ... | ... | ... |
| balance sheet | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| balance sheet | |||||||||||||||
| Cash | INR bil | 32.5 | 48.3 | 37.6 | 38.2 | 43.6 | |||||||||
| Interbank Loans | INR bil | 8.77 | 18.2 | 7.63 | 14.3 | 2.25 | |||||||||
| Customer Loans | INR bil | 514 | 569 | 636 | 636 | 583 | |||||||||
| Debt Securities | INR bil | 225 | 283 | 268 | 276 | 279 | |||||||||
| Fixed Assets | INR bil | 8.44 | 10.0 | 9.95 | 11.3 | 11.0 | |||||||||
| Total Assets | INR bil | 805 | 945 | 978 | 1,026 | 966 | |||||||||
| Shareholders' Equity | INR bil | 46.0 | 50.1 | 56.0 | 59.7 | 61.4 | |||||||||
| Of Which Minority Interest | INR bil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Liabilities | INR bil | 759 | 895 | 922 | 966 | 905 | |||||||||
| Interbank Borrowing | INR bil | 2.38 | 7.87 | 70.1 | 59.1 | 2.32 | |||||||||
| Customer Deposits | INR bil | 650 | 779 | 817 | 871 | 855 | |||||||||
| Sight Deposits | INR bil | 35.1 | 43.4 | 47.6 | 49.8 | 44.9 | |||||||||
| Term Deposits | INR bil | 615 | 736 | 769 | 821 | 811 | |||||||||
| Issued Debt Securities | INR bil | 25.4 | 16.9 | 13.3 | 13.4 | 29.6 | |||||||||
| Other Liabilities | INR bil | 80.6 | 90.9 | 21.6 | 22.8 | 17.7 | |||||||||
| asset quality | |||||||||||||||
| Non-Performing Loans | INR bil | 15.4 | 25.5 | 30.8 | 42.3 | 63.0 | |||||||||
| Gross Loans | INR bil | 518 | 575 | 644 | 648 | 602 | |||||||||
| Total Provisions | INR bil | ... | 4.13 | 6.19 | 7.92 | 12.7 | 18.8 | ... | ... | ||||||
| growth rates | |||||||||||||||
| Customer Loan Growth | % | ... | 13.1 | 10.8 | 11.7 | -0.007 | -8.23 | ||||||||
| Total Asset Growth | % | ... | 10.4 | 17.4 | 3.43 | 4.94 | -5.79 | ||||||||
| Shareholders' Equity Growth | % | ... | 8.36 | 8.84 | 11.7 | 6.68 | 2.89 | ||||||||
| Customer Deposit Growth | % | ... | 11.5 | 19.8 | 4.77 | 6.65 | -1.77 | ||||||||
| market share | |||||||||||||||
| Market Share in Customer Loans | % | 0.930 | 0.886 | 0.896 | 0.797 | 0.707 | ... | ||||||||
| Market Share in Total Assets | % | 0.927 | 0.934 | 0.878 | 0.813 | 0.680 | ... | ||||||||
| Market Share in Customer Deposits | % | 1.03 | 1.08 | 1.00 | 0.953 | 0.804 | ... |
| ratios | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| ratios | |||||||||||||||
| ROE | % | 7.66 | 6.25 | 2.29 | 5.81 | 3.32 | |||||||||
| ROA | % | 0.442 | 0.344 | 0.126 | 0.335 | 0.202 | |||||||||
| Costs (As % Of Assets) | % | 1.69 | 1.48 | 1.53 | 1.35 | 1.50 | |||||||||
| Costs (As % Of Income) | % | 63.5 | 63.1 | 69.4 | 51.7 | 54.6 | |||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | 12.9 | 11.0 | 11.2 | 11.8 | 11.1 | ||||
| Tier 1 Ratio | % | ... | ... | ... | ... | 7.62 | 8.48 | 9.29 | 9.14 | ||||||
| Net Interest Margin | % | 2.14 | 1.85 | 1.75 | 2.17 | 2.17 | |||||||||
| Interest Spread | % | ... | 1.68 | 1.43 | 1.33 | 1.77 | 1.78 | ||||||||
| Asset Yield | % | 9.57 | 9.11 | 8.93 | 8.73 | 8.20 | |||||||||
| Cost Of Liabilities | % | ... | 7.89 | 7.68 | 7.61 | 6.96 | 6.43 | ||||||||
| Payout Ratio | % | 20.1 | 20.1 | 19.8 | 19.7 | 0 | |||||||||
| Interest Income (As % Of Revenues) | % | 80.6 | 79.1 | 79.2 | 83.0 | 78.9 | |||||||||
| Fee Income (As % Of Revenues) | % | 3.92 | 3.64 | 3.60 | 3.09 | 3.28 | |||||||||
| Other Income (As % Of Revenues) | % | 15.4 | 17.2 | 17.2 | 13.9 | 17.8 | |||||||||
| Equity (As % Of Assets) | % | 5.72 | 5.30 | 5.72 | 5.82 | 6.36 | |||||||||
| Loans (As % Of Deposits) | % | 79.0 | 73.0 | 77.9 | 73.0 | 68.2 | |||||||||
| Loans (As % Assets) | % | 63.8 | 60.2 | 65.0 | 62.0 | 60.4 | |||||||||
| NPLs (As % Of Loans) | % | 2.97 | 4.44 | 4.79 | 6.52 | 10.5 | |||||||||
| Provisions (As % Of NPLs) | % | ... | 26.8 | 24.2 | 25.7 | 30.0 | 29.9 | ... | ... | ||||||
| Provisions (As % Of Loans) | % | ... | 0.803 | 1.09 | 1.25 | 1.99 | 3.23 | ... | ... | ||||||
| Cost of Provisions (As % Of Loans) | % | 0.528 | 0.947 | 0.830 | 1.21 | 1.71 |
| other data | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| other data | |||||||||||||||
| Employees | 8,533 | 8,870 | 9,180 | 9,403 | 9,400 | ||||||||||
| Sight (As % Of Customer Deposits) | % | 5.40 | 5.57 | 5.82 | 5.72 | 5.25 |
Get all company financials in excel:
By Helgi Library - November 2, 2019
Punjab & Sind Bank's customer loan growth reached 3.91% in 2018, down from 14.1% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 147% in 2009 and an all time low of -28.8% in 2008. In the last decade, t...
By Helgi Library - November 2, 2019
Punjab & Sind Bank generated total banking revenues of INR 28.2 bil in 2017, up 2.88% compared to the previous year. Indian banking sector banking sector generated total revenues of INR 4,320,359 mil in 2017, up 7.41% when compared to the last yea...
By Helgi Library - November 2, 2019
Punjab & Sind Bank's customer deposits reached INR 1,017 bil in 2017, up 18.9% compared to the previous year. Indian banking sector accepted customer deposits of INR 110,303 bil in 2017, up 3.61% when compared to the last year. Punjab & Sind Bank ...
By Helgi Library - November 2, 2019
Punjab & Sind Bank's customer loans reached INR 666 bil in 2017, up 14.1% compared to the previous year. Indian banking sector provided customer loans of INR 88,362 bil in 2017, up 7.04% when compared to the last year. Punjab & Sind Bank accounted...
By Helgi Library - November 2, 2019
Punjab & Sind Bank's non-performing loans reached 10.5% of total loans at the end of 2016, up from 6.52% compared to the previous year. Historically, the NPL ratio hit an all time high of 10.5% in 2016 and an all time low of 0.736% in 2007. Provision co...
By Helgi Library - November 2, 2019
Punjab & Sind Bank stock traded at INR 55.0 per share at the end 2016 implying a market capitalization of USD 324 mil. Since the end of 2011, the stock has depreciated by -30.1 % implying an annual average growth of -6.91 %. In absolute terms, the value of the com...
By Helgi Library - November 2, 2019
Punjab & Sind Bank stock traded at INR 55.0 per share at the end of 2016 implying a market capitalization of USD 324 mil. Since the end of 2011, the stock has depreciated by -30.1 % implying an annual average growth of -6.91 %. In absolute terms, the value of the ...
Punjab & Sind Bank has been growing its revenues and asset by 8.15% and 13.6% a year on average in the last 10 years. Its loans and deposits have grown by 18.1% and 11.8% a year during that time and loans to deposits ratio reached 70.2% at the end of 2018. The company achieved an average return on equity of 5.31% in the last decade with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 55.1% in 2018, compared to 57.5% average in the last decade.
Equity represented 5.23% of total assets or 8.24% of loans at the end of 2018. Punjab & Sind Bank's non-performing loans were 12.4% of total loans while provisions covered some of NPLs at the end of 2018.
Punjab & Sind Bank stock traded at INR 31.3 per share at the end of 2018 resulting in a market capitalization of USD 253 mil. Over the previous five years, stock price fell by 34.8% or 8.19% a year on average. That’s compared to an average ROE of -1.96% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of x and price to book value (PBV) of 0.310x in 2018.
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