PNB Housing Finance Ltd logo

PNB Housing Finance Ltd

PNBHOUSING NSE

Key Fundamentals

SmallcapHousing FinanceFinancial Services
Market Cap
₹30,273 Cr
Volatility
Moderate
P/E Ratio
12.75
EBITDA
₹8,037 Cr
Return on Equity
11.92%
Debt to Equity
3.7
Book Value
₹737.53
EPS
₹61.35
52W High
₹1,174.8
52W Low
₹729.6

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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51 extracted metrics + investor summaries across FY12–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

1
  • Company has delivered good profit growth of 20.2% CAGR over last 5 years

Weaknesses

4
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.36% over past five years.
  • Company has a low return on equity of 12.4% over last 3 years.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
10.58% ↗
Net Income Growth
18.34% ↗
Cash Flow Change
-11.50% ↘
ROE
3.83% ↗
ROCE
-2.70% ↘
EBITDA Margin (Avg.)
2.47% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk medium

PNB Housing Finance Ltd trades at a market cap of ₹30,262 Cr with a P/E of 12.9x and P/B of 1.55x. The company has delivered strong profit growth of 20% CAGR over 5 years but revenue growth has been sluggish at just 2% CAGR over the same period, reflecting a divergence between top-line and bottom-line performance.

Bull Case 7
  • Strong profit compounding at 20% CAGR over 5 years and 30% CAGR over 3 years indicates improving operational efficiency
  • P/E of 12.9x is relatively undemanding for a housing finance company delivering double-digit profit growth
  • Stock price CAGR of 50% over the last 1 year reflects strong re-rating momentum and renewed investor confidence
  • TTM profit growth of 15% shows continued earnings momentum in the most recent period
  • ROE has improved to 13% in the last year from a 3-year average of 12%, signaling gradual improvement in capital efficiency
  • P/B of 1.55x is modest for a housing finance company with improving return ratios
  • Compounded sales growth of 10% on a TTM basis shows acceleration from the 5-year CAGR of 2%, indicating a revenue recovery trajectory
Bear Case 8
  • 5-year sales CAGR of just 2.36% is significantly below industry peers, indicating structural challenges in loan book growth
  • Low interest coverage ratio raises concerns about the company's ability to service debt comfortably from operating profits
  • Potential capitalization of interest costs may overstate reported profitability and asset quality
  • 3-year ROE of only 12.4% is below the cost of equity for most financial services firms, indicating suboptimal shareholder value creation
  • Dividend yield of just 0.69% offers minimal income return to shareholders despite improving profitability
  • 10-year sales CAGR of 12% has decelerated sharply to 2% over 5 years, showing a prolonged slowdown in business scale
  • As a housing finance company with high leverage, the business is inherently sensitive to interest rate cycles and asset quality stress
  • Debt-to-equity ratio is not disclosed, limiting visibility into the actual leverage position of the balance sheet

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Headwinds 2
  • Q1 profit dips 15% QoQ Aug 4

    Consolidated net profit fell 15% quarter-on-quarter to ₹557.34 crore in Q1FY27, signaling sequential margin or asset quality pressure despite 4.5% YoY growth.

  • CBO resignation mid-cycle Aug 3

    Chief Business Officer Ms. Valli Sekar resigned effective September 1, 2026, with Mr. Satish Kumar Singh designated as replacement from August 3. Leadership transitions in the business function carry execution risk.

Positives 3
  • A+ ESG, 16% loan growth Jul 23

    PNB Housing secured an 'A+' ESG rating and grew retail loans 16% YoY to ₹86,946 crore in FY26, with an affordable housing book of ₹8,153 crore underscoring sustainable lending focus.

  • ₹8 per share dividend announced Jul 30

    Board recommended a final dividend of ₹8 per share for FY26, with TDS document submission deadline of August 8, 2026, reflecting confidence in capital adequacy.

  • 38th AGM and Annual Report Jul 23

    Annual Report FY26 released and 38th AGM scheduled for August 17, 2026 via VC/OAVM, with e-voting window from August 13–16, 2026.

Neutral 2
  • Q1FY27 earnings call held Aug 5

    PNB Housing hosted its Q1FY27 earnings conference call on August 5, 2026 at 8:00 AM IST; audio recording made available for investors.

  • Revenue up 9% YoY Aug 4

    Q1FY27 revenue rose 9% YoY to ₹2,263.44 crore, indicating steady topline momentum even as profitability faced sequential pressure.

TL;DR: PNB Housing Finance delivered solid annual metrics — 16% retail loan growth, A+ ESG rating, and a healthy ₹8 dividend — but Q1FY27 showed sequential profit weakness of 15% QoQ despite revenue growth. The CBO transition adds near-term execution uncertainty. The structural growth story remains intact with strong affordable housing positioning, but investors should watch margin trends and leadership stability in the coming quarters.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
1,699
1,766
1,748
1,801
1,813
1,868
1,923
2,030
2,064
2,168
2,110
2,170
2,252
Expenses
187
190
206
156
153
130
149
125
136
84
174
49
185
Financing Profit
464
519
455
575
563
619
615
726
693
816
683
874
728
Fin. Margin %
27%
29%
26%
32%
31%
33%
32%
36%
34%
38%
32%
40%
32%
Other Income
0
2
3
5
9
2
2
15
7
4
2
-9
3
Interest
1,048
1,058
1,087
1,070
1,097
1,119
1,158
1,178
1,235
1,267
1,253
1,246
1,339
Depreciation
13
11
13
14
13
14
14
14
15
16
16
19
16
PBT
451
509
445
566
559
607
603
727
686
804
669
846
715
Tax %
22%
24%
22%
22%
21%
22%
22%
22%
22%
22%
22%
23%
22%
Net Profit
353
384
347
444
439
472
471
567
532
626
521
649
554
EPS in Rs
13.59
14.81
13.34
17.09
16.89
18.15
18.14
21.82
20.44
24.05
20
24.9
21.28
Gross NPA %
3.76%
1.78%
1.73%
1.5%
1.35%
1.24%
1.19%
1.08%
1.06%
1.04%
1.04%
0.93%
0.95%
Net NPA %
2.58%
1.19%
1.14%
0.95%
0.92%
0.84%
0.8%
0.69%
0.69%
0.69%
0.68%
0.57%
0.58%
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
1,780
2,698
3,908
5,488
7,481
8,478
7,565
6,141
6,491
7,016
7,651
8,500
8,700
Expenses
213
320
442
693
708
1,719
1,235
964
1,173
737
557
442
493
Financing Profit
303
518
822
1,258
1,606
884
1,230
1,111
1,416
2,015
2,542
3,057
3,101
Fin. Margin %
17%
19%
21%
23%
21%
10%
16%
18%
22%
29%
33%
36%
36%
Other Income
0
1
0
0
4
7
15
5
2
7
10
13
-1
Interest
1,265
1,860
2,644
3,537
5,167
5,876
5,100
4,066
3,901
4,264
4,553
5,002
5,106
Depreciation
8
15
19
24
31
66
59
53
51
51
56
66
68
PBT
294
503
804
1,235
1,578
825
1,187
1,063
1,367
1,972
2,496
3,004
3,033
Tax %
34%
35%
35%
32%
31%
17%
22%
23%
23%
23%
22%
22%
—
Net Profit
194
326
524
842
1,081
682
925
822
1,056
1,527
1,949
2,328
2,351
EPS in Rs
9.95
16.73
20.57
32.9
42.01
26.39
35.78
31.72
40.7
58.81
74.98
89.34
90.23
Div. Payout %
16%
13%
19%
18%
14%
0%
0%
0%
0%
0%
7%
9%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
104
127
166
167
167
168
168
169
169
260
260
261
Reserves
1,475
2,019
5,412
6,402
7,268
7,779
8,699
9,632
10,784
14,673
16,574
18,965
Borrowing
16,481
26,014
35,497
53,777
71,859
67,736
59,394
53,005
53,621
55,017
62,310
71,199
Other Liabilities
976
1,511
1,885
2,673
4,456
3,191
3,072
2,844
2,231
2,422
3,353
3,109
Total Liabilities
19,035
29,671
42,960
63,018
83,750
78,874
71,333
65,649
66,805
72,371
82,497
93,533
Fixed Assets
40
58
58
255
102
250
181
150
146
206
239
273
CWIP
18
4
2
10
5
4
2
4
3
15
16
6
Investments
1,586
1,622
3,280
2,413
4,457
2,048
2,033
3,472
3,188
4,345
3,381
2,777
Other Assets
17,392
27,987
39,620
60,340
79,185
76,572
69,117
62,024
63,468
67,804
78,861
90,477
Total Assets
19,035
29,671
42,960
63,018
83,750
78,874
71,333
65,649
66,805
72,371
82,497
93,533
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-6,791
-9,664
-12,406
-15,664
-16,626
8,911
6,731
6,218
-1,772
-4,644
-8,120
-8,973
Investing
-37
-20
-17
-50
-53
-62
-6
-1,476
174
-1,193
757
736
Financing
6,850
9,804
12,322
18,464
17,888
-4,362
-8,331
-6,684
301
4,179
7,404
8,720
Net Cash Flow
22
120
-101
2,751
1,209
4,486
-1,606
-1,942
-1,297
-1,659
41
483
Free Cash Flow
-6,828
-9,684
-12,423
-15,713
-16,679
8,849
6,725
6,203
-1,786
-4,683
-8,168
-9,005
CFO/OP
-427
-399
-350
-317
-238
137
111
127
-28
-68
-109
-104
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
15%
18%
14%
14%
15%
9%
11%
9%
10%
12%
12%
13%

Shareholding Pattern

As of Jun 2026
DIIs 45.71%
Promoters 28.03%
FIIs 16.81%
Public 7.44%
Others 1.98%
Government 0.02%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023May 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
32.64%
32.59%
32.58%
32.57%
32.57%
32.57%
32.57%
32.53%
32.52%
28.15%
28.15%
28.14%
28.13%
28.13%
28.13%
28.11%
28.11%
28.10%
28.08%
28.04%
28.04%
28.04%
28.03%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
24.81%
0.00%
25.01%
17.89%
20.42%
24.34%
21.44%
24.18%
18.61%
17.22%
16.60%
16.81%
DIIs
3.11%
2.80%
2.96%
2.34%
2.30%
2.33%
3.24%
2.99%
3.65%
6.28%
7.60%
7.73%
5.03%
6.88%
10.95%
22.18%
26.86%
29.87%
37.99%
40.69%
43.03%
44.07%
45.71%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.01%
0.02%
0.02%
0.02%
Public
5.73%
4.58%
4.68%
6.02%
6.79%
6.92%
6.93%
7.03%
6.14%
5.63%
5.56%
5.46%
5.48%
6.01%
8.10%
7.24%
7.89%
7.82%
7.51%
9.77%
9.07%
9.01%
7.44%
Others
58.53%
60.03%
59.78%
59.06%
58.34%
58.19%
57.26%
57.45%
57.69%
59.94%
58.69%
33.86%
61.36%
33.98%
34.94%
22.05%
12.80%
12.76%
2.24%
2.88%
2.62%
2.26%
1.98%
No. of Shareholders
1,05,902
1,05,325
1,01,947
1,04,398
1,19,187
1,20,592
1,19,997
1,18,147
1,08,269
1,09,200
1,20,193
1,19,631
1,24,656
1,33,177
1,62,938
1,58,799
1,83,482
1,82,070
1,87,526
2,24,183
1,99,930
1,92,512
1,71,742

Documents

Frequently Asked Questions about PNB Housing Finance Ltd

What does PNB Housing Finance Ltd do?
PNB Housing Finance offers retail customers housing and non-housing loans, including individual home loans, loan against property, non-resident property loan, among others. It is promoted by Punjab National Bank. [1]
Where is PNB Housing Finance Ltd (PNBHOUSING) listed?
PNB Housing Finance Ltd is listed on the Indian stock exchanges. It is listed on NSE: PNBHOUSING and BSE: 540173. You can view its live share price, financials, and ratios on Tapetide.
Which sector does PNB Housing Finance Ltd belong to?
PNB Housing Finance Ltd operates in the Financial Services sector within the Housing Finance industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of PNB Housing Finance Ltd?
PNB Housing Finance Ltd has a market capitalisation of approximately ₹30272.73 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of PNB Housing Finance Ltd?
The Price-to-Earnings (PE) ratio of PNB Housing Finance Ltd is 12.75. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of PNB Housing Finance Ltd?
Over the past 52 weeks, PNB Housing Finance Ltd has traded between a low of ₹729.6 and a high of ₹1,174.8. This range helps investors understand the stock's price volatility and recent trading levels.
Does PNB Housing Finance Ltd pay dividends?
Yes, PNB Housing Finance Ltd has a dividend yield of 0.69%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of PNB Housing Finance Ltd?
PNB Housing Finance Ltd has a Return on Equity (ROE) of 11.92%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research PNB Housing Finance Ltd on Tapetide?
On Tapetide, you can view PNB Housing Finance Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

PNB Housing Finance offers retail customers housing and non-housing loans, including individual home loans, loan against property, non-resident property loan, among others. It is promoted by Punjab National Bank. [1]

Website pnbhousing.com
CEO Mr. Vinay Gupta
Employees 2,149
Listed 2016-11-07
Face Value ₹ 10
Issued Size 26,05,08,563

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