Sunday, June 6, 2021

Punjab National Bank (532461) – One Bank with Double Gain

Punjab National Bank (532461) closes   at ₹43.10  with  a   Fall  of   -1.50%   on    04-June-2021  with formation of  a  Small  Red  Candle    on Daily  Price Chart.

About the Company : Punjab National Bank is India's first Swadeshi Bank. PNB is a Banking and Financial service bank owned by the Government of India with its headquarters is in New Delhi, India. It is the second largest PSU after SBI in India

Financials : Punjab National Bank has posted Net Sales / Revenue   of ₹81866.00 Cr & Net Profit  of  ₹2562.00 Cr in FY2021 .

Valuations  : The Company is now Trading at X 1.1   of its  valuations of its FY2021 earnings with ~10% Premium and X0.47 of its FY2022 earnings with ~43% Discount to its value.

Margin of Safety (1Yr Bond Yield: Value>1 ) is now  1.4  which  makes is attractive .The  Equity Value Per Share ( Enterprise Value Method ) is  ₹43.10

Latest Management Update : 1. PSBs have identified bad loans worth ₹84,000 crore to be transferred to the proposed government­-backed bad bank National Asset Reconstruction Company Ltd (NARCL)This public sector lender has also identified bad loans worth ₹8,000 crore that it intends to transfer in the first phase

2.Punjab National Bank (PNB) expects its bottomline to be at least ₹6,000 crore this fiscal.

If We factor its FY2022 earnings/valuations, its Price arrives at ₹90.70

Disclaimer : We are / may going to take exposure shortly.

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