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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of PNB Housing Finance Ltd

About the Company - PNB Housing Finance Ltd

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. 6141.09 Cr. and Equity Capital is Rs. 168.60 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Housing9th Floor, Antriksh Bhawan, New Delhi Delhi 110001investor.services@pnbhousing.com
http://www.pnbhousing.com
Management
NamePosition Held
Mr. Girish KousgiManaging Director & CEO
Mr. R ChandrasekaranIndependent Director
Mr. Nilesh S VikamseyIndependent Director
Mr. Atul Kumar GoelNon Exe. & Nominee Director
Mr. Sunil KaulNon Exe. & Nominee Director
Mr. Kapil ModiNon Exe. & Nominee Director
Mr. Dilip Kumar JainNon Exe. & Nominee Director
Dr. T M BhasinIndependent Director
Ms. Gita NayyarIndependent Director
Mr. Sudarshan SenIndependent Director
Mr. Pavan KaushalIndependent Director
Mr. Neeraj VyasNon Exe.Non Ind.Director

PNB Housing Finance Ltd. Share Price Update

Share PriceValue
Today₹774.00
Previous Day₹786.85

Basic Stock Data of PNB Housing Finance Ltd

Data Source: screener.in

Competitors of PNB Housing Finance Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
GIC Housing Finance Ltd 1,264 Cr. 235292/1448.42 3231.92 %8.69 %13.1 % 10.0
LIC Housing Finance Ltd 34,984 Cr. 636670/3157.13 5311.34 %7.57 %11.1 % 2.00
Repco Home Finance Ltd 2,872 Cr. 459493/1687.80 4290.57 %9.04 %12.5 % 10.0
Coral India Finance & Housing Ltd 232 Cr. 57.574.5/26.111.6 41.30.55 %15.3 %12.6 % 2.00
Indiabulls Housing Finance Ltd 14,009 Cr. 190209/81.812.1 2490.66 %9.79 %6.62 % 2.00
Industry Average56.6 Cr315.59.41314.661.01%10.08%11.18%5.2

PNB Housing Finance Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Revenue2,0131,8731,8131,6751,5691,4821,4141,4041,6721,7871,6271,6991,766
Interest1,3401,2461,1511,1031,0349989319309649971,0081,0481,058
Expenses269338476255239224247149356409261187190
Financing Profit404288187318296260237325352381358464519
Financing Margin %20%15%10%19%19%18%17%23%21%21%22%27%29%
Other Income68213001-10102
Depreciation15141413131314131313131311
Profit before tax396282175306286248223313338369346451509
Tax %21%21%26%23%18%26%24%24%22%26%18%22%24%
Net Profit312223130235233184170238263272283353384
EPS in Rs12.088.645.039.079.007.096.569.1910.1410.5010.9013.5914.81
Gross NPA %2.59%2.64%4.44%6.00%5.92%7.64%7.61%6.35%6.05%4.86%3.83%3.76%1.78%
Net NPA %1.46%1.41%2.43%3.61%3.32%4.87%4.49%4.26%3.59%3.22%2.76%2.58%1.19%

PNB Housing Finance Ltd Quarterly Chart

PNB Housing Finance Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue4616661,1201,7802,6983,9085,4887,4818,4787,5656,1416,4916,879
Interest3144628021,2651,8602,6443,5375,1675,8765,1014,0663,9014,110
Expenses41751362133204426937081,7191,2349641,1731,047
Financing Profit1061301833035188221,2581,6068841,2301,1111,4161,722
Financing Margin %23%19%16%17%19%21%23%21%10%16%18%22%25%
Other Income-0-0-0-01004715523
Depreciation0138151924316659535149
Profit before tax1061291792945038041,2351,5788251,1871,0631,3671,676
Tax %27%28%28%34%35%35%32%31%17%22%23%23%
Net Profit77931301943265248421,0816829258221,0561,292
EPS in Rs16.8012.079.459.9516.7320.5732.9042.0126.3935.7831.7240.7049.80
Dividend Payout %9%13%15%16%13%19%18%14%0%0%0%0%

PNB Housing Finance Ltd Profit & Loss Yearly Chart

PNB Housing Finance Ltd Growth

Compounded Sales Growth
10 Years:26%
5 Years:3%
3 Years:-9%
TTM:9%
Compounded Profit Growth
10 Years:28%
5 Years:5%
3 Years:16%
TTM:45%
Stock Price CAGR
10 Years:%
5 Years:-1%
3 Years:27%
1 Year:48%
Return on Equity
10 Years:12%
5 Years:11%
3 Years:10%
Last Year:10%

PNB Housing Finance Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital305066104127166167167168168169169260
Reserves3705688681,4752,0195,4126,4027,2687,7798,6999,63210,78413,895
Borrowings3,8606,69510,10816,48126,01435,49753,77771,85967,73659,39452,96153,62153,534
Other Liabilities1773424989761,5111,8852,6734,4563,1913,0722,8882,2312,583
Total Liabilities4,4367,65511,54019,03529,67142,96063,01883,75078,87471,33365,64966,80570,272
Fixed Assets51426405858255102250181150146147
CWIP143184210542430
Investments3787776451,5861,6223,2802,4134,4572,0482,0333,4723,1884,163
Other Assets4,0536,86010,86517,39227,98739,62060,34079,18576,57269,11762,02463,46865,961
Total Assets4,4367,65511,54019,03529,67142,96063,01883,75078,87471,33365,64966,80570,272

PNB Housing Finance Ltd Reserves and Borrowings Chart

PNB Housing Finance Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -728-2,901-3,627-6,791-9,664-12,406-15,664-16,6268,9116,5666,216-1,772
Cash from Investing Activity -3-14-15-37-20-17-50-53-625-1,476174
Cash from Financing Activity 7152,9653,6046,8509,80412,32218,46417,888-4,362-8,177-6,732301
Net Cash Flow-1651-3822120-1012,7511,2094,486-1,606-1,992-1,297

PNB Housing Finance Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROE %21%18%17%15%18%14%14%15%9%11%9%10%

PNB Housing Finance Ltd Financial Efficiency Indicators Chart

PNB Housing Finance Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters32.65%32.64%32.59%32.58%32.57%32.57%32.57%32.57%32.53%32.52%28.15%28.14%
FIIs24.55%24.51%25.86%25.95%24.30%23.96%23.96%23.24%23.64%24.29%24.77%24.81%
DIIs3.46%3.31%2.95%3.11%2.49%2.33%2.38%3.28%2.98%3.65%7.60%7.72%
Public39.34%39.55%38.60%38.37%40.64%41.14%41.09%40.90%40.85%39.53%39.48%39.32%
No. of Shareholders1,03,7531,05,9021,05,3251,01,9471,04,3981,19,1871,20,5921,19,9971,18,1471,08,2691,20,1931,19,631

PNB Housing Finance Ltd Shareholding Pattern Chart

No. of PNB Housing Finance Ltd Shareholders

PNB Housing Finance Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Tata Equity P/E Fund - Regular Plan26311663.14203.55
Tata Equity P/E Fund - Regular Plan - Trigger Option A 5%26311663.14203.55
Nippon India Small Cap Fund22328910.42172.74
Tata Banking and Financial Services Fund8157093.5363.1
Tata Flexi Cap Fund7531212.3258.26
Tata Multicap Fund6824442.0152.79
Baroda BNP Paribas Balanced Advantage Fund4752501.0536.77
Mahindra Manulife Small Cap Fund4647431.4135.95
Mahindra Manulife Multi Cap Fund4400001.3834.04
Bandhan Small Cap Fund3464610.8326.8

PNB Housing Finance Ltd ROCE Trend

PNB Housing Finance Ltd EPS Trend

PNB Housing Finance Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)62.0149.6455.2938.4571.19
Diluted EPS (Rs.)61.9549.5355.2638.4170.76
Cash EPS (Rs.)64.9952.7858.7742.3473.02
Book Value[Excl.RevalReserv]/Share (Rs.)652.24585.51530.28475.52450.46
Book Value[Incl.RevalReserv]/Share (Rs.)652.24585.51530.28475.52450.46
Revenue From Operations / Share (Rs.)386.55367.49451.89504.30458.55
PBDIT / Share (Rs.)314.51308.53378.31401.44413.93
PBIT / Share (Rs.)311.47305.36374.80397.52412.06
PBT / Share (Rs.)80.5964.2971.7348.22103.56
Net Profit / Share (Rs.)61.9449.6155.2638.4271.15
NP After MI And SOA / Share (Rs.)61.9449.6155.2638.4271.15
PBDIT Margin (%)81.3683.9583.7179.6090.27
PBIT Margin (%)80.5783.0982.9478.8289.86
PBT Margin (%)20.8417.4915.879.5622.58
Net Profit Margin (%)16.0213.5012.227.6115.51
NP After MI And SOA Margin (%)16.0213.5012.227.6115.51
Return on Networth / Equity (%)9.498.4710.428.0815.79
Return on Capital Employeed (%)15.6014.5115.8314.9112.62
Return On Assets (%)1.561.271.300.811.42
Long Term Debt / Equity (X)2.042.563.324.435.97
Total Debt / Equity (X)4.875.376.668.479.53
Asset Turnover Ratio (%)0.090.080.100.100.10
Current Ratio (X)2.002.152.242.302.86
Quick Ratio (X)2.002.152.242.302.86
Dividend Payout Ratio (NP) (%)0.000.000.000.0015.24
Dividend Payout Ratio (CP) (%)0.000.000.000.0014.85
Earning Retention Ratio (%)0.000.000.000.0084.76
Cash Earning Retention Ratio (%)0.000.000.000.0085.15
Interest Coverage Ratio (X)1.361.281.251.151.34
Interest Coverage Ratio (Post Tax) (X)1.271.211.181.111.23
Enterprise Value (Cr.)58494.4554140.8958725.5261965.5782322.66
EV / Net Operating Revenue (X)8.968.747.727.3110.72
EV / EBITDA (X)11.0110.419.239.1811.88
MarketCap / Net Operating Revenue (X)1.331.030.820.321.89
Retention Ratios (%)0.000.000.000.0084.75
Price / BV (X)0.780.640.700.341.92
Price / Net Operating Revenue (X)1.331.030.820.321.89
EarningsYield0.120.130.140.230.08

PNB Housing Finance Ltd Profitability Ratios (%)

PNB Housing Finance Ltd Liquidity Ratios

PNB Housing Finance Ltd Liquidity Ratios (%)

PNB Housing Finance Ltd Interest Coverage Ratios (%)

PNB Housing Finance Ltd Valuation Ratios

Data is incomplete for fair value calculation.

Strength and Weakness of PNB Housing Finance Ltd

Unable to fetch valid data for stock valuation.

Should I Buy PNB Housing Finance Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in PNB Housing Finance Ltd:
    1. Net Profit Margin: 16.02%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 15.60% (Industry Average ROCE: 58.62%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 1.27
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 2.00
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: N/A (Industry average Stock P/E: 7.1)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✗ Total Debt / Equity: 4.87
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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