PNB Housing Finance Ltd logo

PNB Housing Finance Ltd

PNBHOUSING NSE

Key Fundamentals

SmallcapHousing FinanceFinancial Services
Market Cap
₹30,351 Cr
Volatility
Moderate
P/E Ratio
13.1
EBITDA
₹8,037 Cr
Return on Equity
11.92%
Debt to Equity
3.7
Book Value
₹737.53
EPS
₹61.35
52W High
₹1,207
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 5d ago
AI opinion · based on fundamentals
Risk medium

PNB Housing Finance Ltd trades at a market cap of ₹31,297 Cr with a P/E of 13.2x and P/B of 1.59x. The company has delivered strong profit growth of 20% CAGR over 5 years but revenue growth has been sluggish at just 2.36% CAGR over the same period, with ROE averaging 12% over the last 3 years.

Bull Case 7
  • Strong profit growth of 20.2% CAGR over the last 5 years indicates improving operational efficiency and margins
  • TTM profit growth of 15% shows continued earnings momentum in the most recent period
  • P/E ratio of 13.2x is relatively modest for a housing finance company, suggesting the stock is not excessively priced relative to earnings
  • 3-year compounded profit growth of 30% reflects a sharp recovery trajectory from earlier stress periods
  • Stock CAGR of 45% over 1 year indicates strong market re-rating and investor confidence in the turnaround story
  • ROE improved to 13% in the last year from the 3-year and 5-year average of 12%, showing gradual improvement in return ratios
  • P/B ratio of 1.59x is reasonable for a housing finance company with improving profitability metrics
Bear Case 8
  • Poor sales growth of only 2.36% CAGR over 5 years indicates weak loan book expansion and competitive pressures
  • Low interest coverage ratio suggests vulnerability to interest rate movements and potential stress on debt servicing
  • ROE of 12.4% over 3 years is below the cost of equity for most financial services firms, indicating inadequate shareholder value creation
  • Potential capitalization of interest costs raises concerns about the true quality of reported earnings
  • 10-year compounded sales growth of 12% has decelerated sharply to just 2% over 5 years and 9% over 3 years, showing structural slowdown in the core business
  • Dividend yield of only 0.68% provides minimal income return to shareholders despite improving profits
  • 5-year stock CAGR of 16% compared to 1-year CAGR of 45% suggests most returns are recent and long-term compounding has been modest
  • TTM revenue growth of 10% still trails the 10-year average of 12%, indicating the company has not yet returned to its historical growth trajectory

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

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Headwinds 3
  • Q1 profit dips 15% QoQ Aug 4

    Consolidated net profit fell 15% QoQ to ₹557.34 crore in Q1FY27, though still up 4.5% YoY.

  • CBO resignation mid-transition Aug 3

    Ms. Valli Sekar resigned as CBO effective Sep 1, 2026. Satish Kumar Singh designated as replacement from Aug 3.

  • Citi investor meet cancelled Aug 24

    Scheduled Aug 25 investor meeting with Citi cancelled due to 'certain exigencies,' raising questions about timing.

Positives 3
  • ₹10,000 crore NCD approved Aug 17

    Shareholders approved ₹10,000 crore NCD issuance and raised borrowing limits to ₹1,50,000 crore at the 38th AGM.

  • Revenue up 9% YoY Aug 4

    Q1FY27 revenue rose 9% YoY to ₹2,263.44 crore, showing continued top-line growth momentum.

  • ₹8 per share dividend Jul 30

    Board recommended ₹8 per share final dividend with TDS document submission deadline of Aug 8, 2026.

Neutral 2
  • Investor meet in Gurugram Aug 21

    MD & CEO and CFO met three fund managers in Gurugram to discuss strategy, margins, and asset quality.

  • Q1FY27 earnings call held Aug 5

    Earnings conference call for Q1FY27 results held on Aug 5 at 8:00 AM IST; audio recording made available.

TL;DR: PNB Housing Finance shows steady YoY revenue growth at 9% and approved large NCD issuance signaling confidence in loan book expansion. However, the 15% QoQ profit decline and CBO transition introduce near-term uncertainty. The cancelled Citi investor meet adds a minor overhang. Overall trajectory is stable with fundraising capacity secured, but margin pressures warrant monitoring in 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 ₹30350.91 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 13.10. 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 ₹1,207. 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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