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Latest balance sheet of Punjab & Sind Bank is weak, and historically as well.
The profit is oscillating.
The profit of Punjab & Sind Bank is ₹842 Crs for TTM, ₹595 Crs for Mar 2024 and ₹1,313 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Punjab & Sind Bank latest dividend payout ratio is 22.77% and 3yr average dividend payout ratio is 22.59%
Company has been allocating majority of new resources to productive uses like loans.
However relatively unproductive allocation like cash and Gov Securities has also increased.