PNB Gilts Ltd

PNB Gilts Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

PNB Gilts Ltd

₹ 101 2.75%
02 May - close price
pnbgilts.com BSE: 532366 NSE: PNBGILTS
About

The Co’s primary activities include supporting government borrowing program via underwriting of government securities issuances and trading in a gamut of fixed income instruments such as Government securities, Treasury Bills, State Development Loans, Corporate Bonds, Interest Rate Swaps and various money market instruments such as Certificates of Deposits, Commercial Papers etc.[1]

Key Points

Products & Services
The range of products and services offered by the company includes T-bills, Central Government dated securities, state government securities, public sector unit (PSU) bonds, inter-corporate deposits, gilt accounts, money market instruments, and investment/trading in equity and equity derivatives. In addition, it offers advisory services to clients for managing their G-Sec portfolios. [1]

Website BSE NSE
  • Market Cap ₹ 1,819 Cr.
  • Current Price ₹ 101
  • High / Low ₹ 149 / 73.6
  • Stock P/E 7.86
  • Book Value ₹ 85.8
  • Dividend Yield 0.99 %
  • ROCE 6.80 %
  • ROE 16.1 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.18 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 5.23% over last 3 years.
  • Dividend payout has been low at 11.2% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

Part of BSE Allcap BSE Financial Services BSE SmallCap

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
242 283 339 297 310 443 347 385 474 440 501 362 419
49 212 85 33 18 13 67 34 13 14 12 59 12
Operating Profit 193 71 255 263 292 430 280 351 461 426 488 303 407
OPM % 80% 25% 75% 89% 94% 97% 81% 91% 97% 97% 98% 84% 97%
0 -0 1 0 7 0 0 4 0 0 1 1 0
Interest 133 186 255 251 280 354 325 361 371 355 336 315 307
Depreciation 0 0 0 0 1 4 4 4 4 1 1 1 1
Profit before tax 59 -115 1 12 18 72 -49 -10 86 71 153 -12 99
Tax % 17% -23% 1,256% 47% 25% 19% -16% 47% 21% 25% 25% -13% 24%
49 -89 -8 6 13 58 -41 -15 68 53 115 -10 75
EPS in Rs 2.72 -4.94 -0.44 0.34 0.75 3.21 -2.28 -0.86 3.78 2.97 6.37 -0.56 4.17
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
346 410 343 500 402 508 882 1,052 756 1,230 1,577 1,676
12 16 16 18 70 21 31 32 43 349 55 52
Operating Profit 333 394 327 482 332 487 851 1,020 714 881 1,522 1,624
OPM % 96% 96% 95% 96% 83% 96% 96% 97% 94% 72% 97% 97%
0 0 0 0 0 0 -81 -9 8 8 4 2
Interest 243 261 276 226 331 403 519 395 510 973 1,411 1,312
Depreciation 1 1 0 0 0 0 1 2 1 1 15 3
Profit before tax 91 133 51 257 1 83 250 614 210 -85 99 311
Tax % 32% 33% 33% 35% -8% 36% 25% 26% 21% -9% 30% 25%
61 88 34 167 1 53 186 454 166 -77 69 233
EPS in Rs 3.41 4.90 1.92 9.29 0.08 2.94 10.35 25.23 9.21 -4.29 3.86 12.95
Dividend Payout % 26% 31% 57% 27% 1,277% 48% 29% 40% 54% 0% 26% 8%
Compounded Sales Growth
10 Years: 15%
5 Years: 14%
3 Years: 30%
TTM: 6%
Compounded Profit Growth
10 Years: 10%
5 Years: -1%
3 Years: 13%
TTM: 245%
Stock Price CAGR
10 Years: 13%
5 Years: 30%
3 Years: 17%
1 Year: -9%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 5%
Last Year: 16%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 180 180 180 180 180 180 180 180 180 180 180 180
Reserves 486 541 552 719 677 708 863 1,136 1,247 1,080 1,150 1,365
3,767 3,858 4,921 3,514 4,369 8,234 12,165 9,864 14,531 19,243 22,403 22,384
124 182 119 153 27 400 1,051 960 792 994 807 773
Total Liabilities 4,557 4,761 5,771 4,566 5,252 9,522 14,258 12,140 16,750 21,497 24,540 24,703
4 3 3 3 3 3 4 3 4 7 7 5
CWIP 0 0 0 0 0 0 0 0 0 13 0 0
Investments 695 328 640 443 4,999 8,818 12,965 10,907 15,267 18,518 23,008 23,165
3,857 4,430 5,128 4,120 251 701 1,290 1,230 1,480 2,959 1,525 1,532
Total Assets 4,557 4,761 5,771 4,566 5,252 9,522 14,258 12,140 16,750 21,497 24,540 24,703

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-94 -366 -1,088 1,213 -800 -3,843 -3,898 2,483 -4,564 -4,638 -2,875 -197
-513 368 -313 197 -0 -0 -1 -1 -1 -14 -1 -1
630 71 1,030 -1,431 800 3,844 3,900 -2,481 4,613 4,618 3,159 -38
Net Cash Flow 22 74 -370 -20 0 -0 1 1 49 -35 283 -236

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 0 0 0 0 0 0 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0 0 0 0 0
Working Capital Days 3,596 3,426 5,296 2,883 93 102 68 69 181 129 39 95
ROCE % 8% 9% 6% 10% 7% 7% 8% 8% 5% 5% 7% 7%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.07% 74.07% 74.07% 74.07% 74.07% 74.07% 74.07% 74.07% 74.07% 74.07% 74.07% 74.07%
0.45% 0.31% 0.33% 0.24% 0.01% 0.04% 0.01% 0.02% 0.25% 0.10% 0.29% 0.35%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.08% 0.00% 0.00% 0.00%
25.48% 25.62% 25.61% 25.70% 25.93% 25.89% 25.91% 25.91% 25.60% 25.82% 25.64% 25.58%
No. of Shareholders 80,68184,89683,35283,47281,30684,15481,67382,76582,89783,75284,96084,453

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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