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PNB Housing Finance Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹853.72Overvalued by 18.07%vs CMP ₹1,042.00

P/E (11.7) × ROE (12.3%) × BV (₹738.00) × DY (0.48%)

₹976.35Fairly Valued by 6.30%vs CMP ₹1,042.00
MoS: -6.7% (Negative)Confidence: 48/100 (Moderate)Models: 2 Under, 1 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,042.9524%Fair (+0.1%)
Graham NumberEarnings₹1,197.1517%Under (+14.9%)
Earnings PowerEarnings₹485.6212%Over (-53.4%)
DCFCash Flow₹2,114.2412%Under (+102.9%)
Net Asset ValueAssets₹690.058%Over (-33.8%)
EV/EBITDAEnterprise₹21.4910%Over (-97.9%)
Earnings YieldEarnings₹863.108%Over (-17.2%)
ROCE CapitalReturns₹910.2910%Over (-12.6%)
Consensus (8 models)₹976.35100%Fairly Valued
Key Drivers: Wide model spread (₹21–₹2,114) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 22.2%

*Investments are subject to market risks

Analyst Summary

PNB Housing Finance Ltd operates in the Finance - Housing segment, NSE: PNBHOUSING | BSE: 540173, current market price is ₹1,042.00, market cap is 27,158 Cr.. At a glance, stock P/E is 11.7, ROE is 12.3 %, ROCE is 9.46 %, book value is 738, dividend yield is 0.48 %. The latest intrinsic value estimate is ₹976.35, around 6.3% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹7,651 Cr versus the prior period change of 9.1%, while latest net profit is about ₹1,949 Cr with a prior-period change of 27.6%. The 52-week range shown on this page is 1,142/730, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisPNB Housing Finance Ltd. is a Public Limited Listed company incorporated on 11/11/1988 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L65…

This summary is generated from the stock page data available for PNB Housing Finance Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

54
PNB Housing Finance Ltd scores 54/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health63/100 · Moderate
ROCE 9.5% AverageROE 12.3% GoodD/E 6.66 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -4.23% (6mo) SellingDII holding up 13.14% MF buyingPromoter holding at 28.0% Stable
Earnings Quality50/100 · Moderate
Quarterly Momentum58/100 · Moderate
Profit (4Q): +23% YoY Positive
Industry Rank40/100 · Moderate
P/E 11.7 vs industry 10.6 In-lineROCE 9.5% vs industry 48.0% Below peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 12:50 am

Market Cap 27,158 Cr.
Current Price 1,042
Intrinsic Value₹976.35
High / Low 1,142/730
Stock P/E11.7
Book Value 738
Dividend Yield0.48 %
ROCE9.46 %
ROE12.3 %
Face Value 10.0
PEG Ratio0.53

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for PNB Housing Finance Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
PNB Housing Finance Ltd 27,158 Cr. 1,042 1,142/73011.7 7380.48 %9.46 %12.3 % 10.0
LIC Housing Finance Ltd 30,658 Cr. 557 647/4595.59 7001.80 %8.93 %16.0 % 2.00
Aptus Value Housing Finance India Ltd 13,074 Cr. 261 365/19314.7 93.01.72 %15.0 %18.6 % 2.00
Home First Finance Company India Ltd 12,304 Cr. 1,179 1,519/89424.8 3860.31 %11.4 %16.5 % 2.00
Can Fin Homes Ltd 11,946 Cr. 896 972/69211.0 4491.34 %9.17 %19.7 % 2.00
Industry Average11,883.11 Cr431.7710.63339.751.06%47.95%13.50%5.64

All Competitor Stocks of PNB Housing Finance Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue1,7871,6271,6991,7661,7481,8011,8131,8681,9232,0302,0642,1682,110
Interest 9971,0081,0481,0581,0871,0701,0971,1191,1581,1781,2351,2671,253
Expenses 40926118719020615615313014912513684174
Financing Profit381358464519455575563619615726693816683
Financing Margin %21%22%27%29%26%32%31%33%32%36%34%38%32%
Other Income 01023592215742
Depreciation 13131311131413141414151616
Profit before tax 369346451509445566559607603727686804669
Tax % 26%18%22%24%22%22%21%22%22%22%22%22%22%
Net Profit 272283353384347444439472471567532626521
EPS in Rs 10.5010.9013.5914.8113.3417.0916.8918.1518.1421.8220.4424.0520.00
Gross NPA %4.86%3.83%3.76%1.78%1.73%1.50%1.35%1.24%1.19%1.08%1.06%1.04%1.04%
Net NPA %3.22%2.76%2.58%1.19%1.14%0.95%0.92%0.84%0.80%0.69%0.69%0.69%0.68%

Last Updated: February 4, 2026, 3:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 9:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue1,1201,7802,6983,9085,4887,4818,4787,5656,1416,4917,0167,6518,371
Interest 8021,2651,8602,6443,5375,1675,8765,1004,0663,9014,2644,5534,933
Expenses 1362133204426937081,7191,2359641,173737557519
Financing Profit1833035188221,2581,6068841,2301,1111,4162,0152,5422,919
Financing Margin %16%17%19%21%23%21%10%16%18%22%29%33%35%
Other Income -0-010047155271028
Depreciation 381519243166595351515661
Profit before tax 1792945038041,2351,5788251,1871,0631,3671,9722,4962,886
Tax % 28%34%35%35%32%31%17%22%23%23%23%22%
Net Profit 1301943265248421,0816829258221,0561,5271,9492,246
EPS in Rs 9.459.9516.7320.5732.9042.0126.3935.7831.7240.7058.8174.9886.31
Dividend Payout % 15%16%13%19%18%14%0%0%0%0%0%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)49.23%68.04%60.74%60.69%28.38%-36.91%35.63%-11.14%28.47%44.60%27.64%
Change in YoY Net Profit Growth (%)0.00%18.81%-7.31%-0.05%-32.30%-65.30%72.54%-46.77%39.60%16.14%-16.97%

PNB Housing Finance Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:16%
5 Years:-2%
3 Years:8%
TTM:11%
Compounded Profit Growth
10 Years:26%
5 Years:23%
3 Years:33%
TTM:27%
Stock Price CAGR
10 Years:%
5 Years:27%
3 Years:37%
1 Year:-25%
Return on Equity
10 Years:12%
5 Years:11%
3 Years:12%
Last Year:12%

Last Updated: September 5, 2025, 12:20 pm

Balance Sheet

Last Updated: December 4, 2025, 1:48 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 66104127166167167168168169169260260261
Reserves 8681,4752,0195,4126,4027,2687,7798,6999,63210,78414,67316,57417,724
Borrowing10,10816,48126,01435,49753,77771,85967,73659,39453,00553,62155,01762,31065,168
Other Liabilities 4989761,5111,8852,6734,4563,1913,0722,8442,2312,4223,3532,631
Total Liabilities 11,54019,03529,67142,96063,01883,75078,87471,33365,64966,80572,37182,49785,784
Fixed Assets 26405858255102250181150146206239258
CWIP 31842105424315163
Investments 6451,5861,6223,2802,4134,4572,0482,0333,4723,1884,3453,3813,114
Other Assets 10,86517,39227,98739,62060,34079,18576,57269,11762,02463,46867,80478,86182,408
Total Assets 11,54019,03529,67142,96063,01883,75078,87471,33365,64966,80572,37182,49785,784

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -3,627-6,791-9,664-12,406-15,664-16,6268,9116,7316,218-1,772-4,644-8,120
Cash from Investing Activity + -15-37-20-17-50-53-62-6-1,476174-1,193757
Cash from Financing Activity + 3,6046,8509,80412,32218,46417,888-4,362-8,331-6,6843014,1797,404
Net Cash Flow -3822120-1012,7511,2094,486-1,606-1,942-1,297-1,65941
Free Cash Flow -3,642-6,828-9,684-12,423-15,713-16,6798,8496,7256,203-1,786-4,683-8,168
CFO/OP -364%-427%-399%-350%-317%-238%137%111%127%-28%-68%-109%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow126.00197.00294.00407.00640.00637.00-66.00-58.00911.00-52.00682.00495.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
ROE % 17%15%18%14%14%15%9%11%9%10%12%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 32.52%28.15%28.14%28.13%28.13%28.13%28.11%28.11%28.10%28.08%28.04%28.04%
FIIs 24.29%24.77%24.81%24.70%25.00%17.89%20.42%24.34%21.45%24.18%18.61%17.22%
DIIs 3.65%7.60%7.72%7.86%6.88%10.95%22.17%26.85%29.88%37.99%40.68%43.02%
Government 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.02%
Public 39.53%39.48%39.32%39.32%39.98%43.04%29.29%20.69%20.57%9.74%12.65%11.69%
No. of Shareholders 1,08,2691,20,1931,19,6311,24,6561,33,1771,62,9381,58,7991,83,4821,82,0701,87,5262,24,1831,99,930

Shareholding Pattern Chart

No. of Shareholders

PNB Housing Finance Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 4,340,372 0.54 356.954,338,2372026-01-25 02:17:230.05%
HSBC Value Fund 3,557,400 2.01 292.563,092,2002026-02-23 08:54:3715.04%
HSBC Small Cap Fund 3,412,100 1.87 280.613,243,1002026-02-23 05:27:575.21%
Bandhan Small Cap Fund 3,208,271 1.37 263.852,992,2712026-02-23 03:11:267.22%
Aditya Birla Sun Life Large Cap Fund 3,017,240 0.82 248.142,575,8902026-01-26 05:24:4017.13%
Kotak Multicap Fund 2,668,646 0.97 219.47N/AN/AN/A
Canara Robeco Small Cap Fund 2,359,713 1.53 194.06N/AN/AN/A
Tata Value Fund 2,263,801 2.11 186.182,238,1662026-02-23 08:54:371.15%
Franklin India Small Cap Fund 2,256,472 1.45 185.57N/AN/AN/A
DSP Small Cap Fund 2,248,623 1.15 184.93N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 74.5258.3762.0149.6455.29
Diluted EPS (Rs.) 74.2558.2061.9549.5355.26
Cash EPS (Rs.) 76.6460.0364.9952.7858.77
Book Value[Excl.RevalReserv]/Share (Rs.) 648.76576.56652.24585.51530.28
Book Value[Incl.RevalReserv]/Share (Rs.) 648.76576.56652.24585.51530.28
Revenue From Operations / Share (Rs.) 294.90271.45386.55367.49451.89
PBDIT / Share (Rs.) 272.88241.27314.51308.53378.31
PBIT / Share (Rs.) 270.73239.30311.47305.36374.80
PBT / Share (Rs.) 95.6375.2380.5964.2971.73
Net Profit / Share (Rs.) 74.4958.0661.9449.6155.26
NP After MI And SOA / Share (Rs.) 74.4958.0661.9449.6155.26
PBDIT Margin (%) 92.5388.8881.3683.9583.71
PBIT Margin (%) 91.8088.1580.5783.0982.94
PBT Margin (%) 32.4227.7120.8417.4915.87
Net Profit Margin (%) 25.2521.3816.0213.5012.22
NP After MI And SOA Margin (%) 25.2521.3816.0213.5012.22
Return on Networth / Equity (%) 11.4810.079.498.4710.42
Return on Capital Employeed (%) 41.1040.9115.6014.5115.83
Return On Assets (%) 2.342.081.561.271.30
Long Term Debt / Equity (X) 0.000.002.042.563.32
Total Debt / Equity (X) 3.693.674.875.376.66
Asset Turnover Ratio (%) 0.090.100.090.080.10
Current Ratio (X) 1.251.262.002.152.24
Quick Ratio (X) 1.251.262.002.152.24
Interest Coverage Ratio (X) 1.561.471.361.281.25
Interest Coverage Ratio (Post Tax) (X) 1.431.351.271.211.18
Enterprise Value (Cr.) 81628.8168753.8458494.4554140.8958725.52
EV / Net Operating Revenue (X) 10.659.758.968.747.72
EV / EBITDA (X) 11.5110.9711.0110.419.23
MarketCap / Net Operating Revenue (X) 2.992.321.331.030.82
Price / BV (X) 1.361.090.780.640.70
Price / Net Operating Revenue (X) 2.992.321.331.030.82
EarningsYield 0.080.090.120.130.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

PNB Housing Finance Ltd. is a Public Limited Listed company incorporated on 11/11/1988 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L65922DL1988PLC033856 and registration number is 033856. Currently Company is involved in the business activities of Activities of specialized institutions granting credit for house purchases that also take deposits. Company's Total Operating Revenue is Rs. 8511.22 Cr. and Equity Capital is Rs. 260.55 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Finance - Housing9th Floor, Antriksh Bhawan, 22 Kasturba Gandhi Marg, New Delhi Delhi 110001Contact not found
Management
NamePosition Held
Mr. Devendran SurendranChairperson & Non Exe. Nominiee Director
Mr. Ajai Kumar ShuklaManaging Director & CEO
Mr. Nilesh Shivji VikamseyInd. Non-Executive Director
Mr. Tejendra Mohan BhasinInd. Non-Executive Director
Mr. Neeraj Madan VyasInd. Non-Executive Director
Ms. Gita NayyarInd. Non-Executive Director
Mr. Dipankar MahapatraNon Exe. & Nominee Director

FAQ

What is the intrinsic value of PNB Housing Finance Ltd and is it undervalued?

As of 07 May 2026, PNB Housing Finance Ltd's intrinsic value is ₹976.35, which is 6.30% lower than the current market price of ₹1,042.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (12.3 %), book value (₹738), dividend yield (0.48 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of PNB Housing Finance Ltd?

PNB Housing Finance Ltd is trading at ₹1,042.00 as of 07 May 2026, with a FY2026-2027 high of ₹1,142 and low of ₹730. The stock is currently near its 52-week high. Market cap stands at ₹27,158 Cr..

How does PNB Housing Finance Ltd's P/E ratio compare to its industry?

PNB Housing Finance Ltd has a P/E ratio of 11.7, which is above the industry average of 10.63. The premium over industry average may reflect growth expectations or speculative interest.

Is PNB Housing Finance Ltd financially healthy?

Key indicators for PNB Housing Finance Ltd: ROCE of 9.46 % is on the lower side compared to the industry average of 47.95%. Dividend yield is 0.48 %.

Is PNB Housing Finance Ltd profitable and how is the profit trend?

PNB Housing Finance Ltd reported a net profit of ₹1,949 Cr in Mar 2025 on revenue of ₹7,651 Cr. Compared to ₹822 Cr in Mar 2022, the net profit shows an improving trend.

Does PNB Housing Finance Ltd pay dividends?

PNB Housing Finance Ltd has a dividend yield of 0.48 % at the current price of ₹1,042.00. The company pays dividends, though the yield is modest.

Last Updated: May 5, 2026, 12:50 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 540173 | NSE: PNBHOUSING
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in PNB Housing Finance Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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