2 Top PNB Group Stocks to Watch for Future Multibagger Potential: PNB and PNB Housing
- October 19, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
PNB Rs 116.30. PNB Housing Rs 1,167.70. Market caps from Rs 30,879 crore to Rs 1.32 lakh crore. Data as of 16 Oct 2026.
Quick Answer
PNB and PNB Housing are the 2 picks in this PNB Group stocks watchlist, with market caps between Rs 30,879 crore and Rs 1.32 lakh crore. PNB stands out for the highest return on equity at 15.13%, while PNB Housing offers 10.58% revenue growth in FY26. PE ratios run from 5.98 to 13.34, so compare each one with its industry PE before investing. All figures are as of 16 October 2026.
PNB Group stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. PNB and PNB Housing meet that test, with market caps from Rs 30,879 crore to Rs 1.32 lakh crore and PNB offering the highest return on equity at 15.13%. Punjab National Bank and the housing finance company it promotes serve both everyday banking and home loan demand.
This list covers listed companies of the Punjab National Bank group with complete, verifiable financials, ranked by market capitalisation. Not every name here is a largecap, so the list takes the leading companies of the sector by market capitalisation. Investors screening PNB Group stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 16 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are PNB Group Stocks and Why Do They Attract Multibagger Interest?
PNB Group stocks are shares of Punjab National Bank, one of India’s largest public sector banks, and PNB Housing Finance, the housing lender it promotes. Together they earn from deposits, loans and home financing.
Credit demand, rising home ownership and better balance sheets support lenders. Companies with healthy loan growth, steady returns and modest valuations are the ones investors compare in PNB Group stocks.
PNB Group Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 16 October 2026. PNB combines the lowest PE of the group, 5.98, with the highest return on equity, 15.13%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Punjab National Bank | 116.30 | 1,32,399 | 5.98 | 12.02 | 15.13% | 0.91 | 98.50 to 135.15 |
| PNB Housing Finance | 1,167.70 | 30,879 | 13.34 | 17.68 | 11.92% | 1.61 | 729.60 to 1,224.80 |
PNB: 47.44% Profit CAGR Since FY22
Punjab National Bank is a large public sector bank with a strong presence in northern India and a wide customer base across the country. It reported FY26 total income of Rs 1,49,463.30 crore, up 6.41% year on year, and net profit of Rs 18,466.70 crore. Net profit has compounded at 47.44% a year since FY22, while total income has grown 14.05% a year.
Net profit for the June 2026 quarter grew 191.40% to Rs 5,339.15 crore. The share price has gained 169.84% over five years. Domestic institutions raised their holding from 15.54% in September 2025 to 16.13% in September 2026. The stock trades at a PE of 5.98 against an industry PE of 12.02, below the sector average, with a return on equity of 15.13%. The dividend yield is 2.60%.
PNB Housing: 28.65% Profit CAGR Since FY22
PNB Housing Finance provides home loans, loans against property and construction finance, and is promoted by Punjab National Bank. It reported FY26 total income of Rs 8,505.04 crore, up 10.58% year on year, and net profit of Rs 2,291.24 crore, up 18.34%. Net profit has compounded at 28.65% a year since FY22, while total income has grown 8.22% a year.
The stock trades at a PE of 13.34 against an industry PE of 17.68, below the sector average. In the June 2026 quarter, total income rose 8.81% to Rs 2,265.36 crore and net profit grew 4.47% to Rs 557.34 crore. The share price has gained 133.28% over five years and 39.00% over the past year. Domestic institutions raised their holding from 37.99% in June 2025 to 45.71% in June 2026.
PNB Group Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these PNB Group stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Total Income (Rs Cr) | Net Profit (Rs Cr) | Income Growth (YoY) | 4-Year Income CAGR | 4-Year Net Profit CAGR |
|---|---|---|---|---|---|
| PNB | 1,49,463.30 | 18,466.70 | 6.41% | 14.05% | 47.44% |
| PNB Housing | 8,505.04 | 2,291.24 | 10.58% | 8.22% | 28.65% |
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Institutional Holding in PNB and PNB Housing
Institutional holding shows who is backing these Punjab National Bank group shares alongside the promoter. The table uses the latest reported quarter for each. PNB Housing has the deepest institutional backing, with FII and DII together holding 62.52% as of June 2026. Domestic institutions increased their holding over the past year in PNB (from 15.54% to 16.13%) and PNB Housing (from 37.99% to 45.71%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| PNB | 70.08% | 6.66% | 16.13% | 7.13% | September 2026 |
| PNB Housing | 28.03% | 16.81% | 45.71% | 9.44% | June 2026 |
Risks to Weigh in PNB Group Stocks
Being careful with PNB Group stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Lender earnings depend on interest rates and credit demand.
- Housing finance depends on property activity.
- Valuation: A low PE can also reflect slower growth, so compare each PE with the growth rate instead of reading it alone.
- Concentration: Holding both names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between PNB Group Stocks
Picking from PNB Group stocks comes down to four checks, applied in order.
- Check asset quality and net interest margin first, then return on equity and price to book. Debt-to-equity does not apply to lenders.
- Compare each PE with the industry PE (12.02 to 17.68) and ask whether the growth rate justifies any gap.
- Track loan growth, net interest income and the return on equity in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
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Conclusion
Among PNB Group stocks, PNB stands out for the highest return on equity at 15.13% and PNB Housing for 10.58% revenue growth in FY26. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing PNB Group stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on PNB Group Stocks to Watch
Which are the best PNB Group stocks to watch for multibagger potential?
Ans. PNB and PNB Housing are the 2 names this list highlights, with market caps of Rs 1,32,399 crore and Rs 30,879 crore respectively. PNB is notable for the highest return on equity at 15.13%. PNB Housing stands out for 10.58% revenue growth in FY26. These are watchlist names for PNB Group stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is PNB a good stock for long-term investors?
Ans. PNB has a return on equity of 15.13%, a PE of 5.98 against an industry PE of 12.02 and a market cap of Rs 1,32,399 crore. Net profit has compounded at 47.44% a year since FY22, and FY26 revenue rose 6.41% while June 2026 quarter net profit grew 191.40%. Long-term returns in PNB Group stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can PNB Housing become a multibagger from here?
Ans. PNB Housing has already gained 133.28% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in Punjab National Bank group shares requires earnings to keep growing faster than the market for several years. Net profit has compounded at 28.65% a year since FY22, and FY26 revenue rose 10.58%. At a PE of 13.34 against an industry PE of 17.68, valuation should be checked against that growth before investing.
What is the market cap of PNB and PNB Housing?
Ans. As of 16 October 2026, PNB has a market cap of Rs 1,32,399 crore and PNB Housing has a market cap of Rs 30,879 crore. PNB is the largest of the group. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on PNB Group stocks.
What are the risks of investing in PNB Group stocks?
Ans. The main risks are interest rate changes, a slowdown in credit demand and higher loan provisions. Lenders with steady deposits and diversified loan books handle these better. Comparing each PE with growth gives a fuller picture than the PE alone.
Is PNB trading below its industry PE?
Ans. PNB trades at a PE of 5.98 against an industry PE of 12.02. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 47.44% a year since FY22 and FY26 revenue rose 6.41%) and balance sheet strength before drawing a conclusion.
How much do institutions hold in PNB and PNB Housing?
Ans. As of the latest reported quarter, FII and DII together hold 22.79% of PNB (6.66% and 16.13%) and 62.52% of PNB Housing (16.81% and 45.71%). Rising institutional holding is a useful signal in PNB Group stocks, though it should be read with earnings trends rather than on its own.
