PNB Gilts Ltd

About [ edit ]

PNB Gilts is primary activities entail supporting government borrowing program via underwriting of government securities issuances and trade in a 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.(Source : 201903 Annual Report Page No: 78)

  • Market Cap 949 Cr.
  • Current Price 52.6
  • High / Low 61.6 / 20.3
  • Stock P/E 1.67
  • Book Value 71.7
  • Dividend Yield 13.3 %
  • ROCE 7.62 %
  • ROE 25.6 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.73 times its book value
  • Stock is providing a good dividend yield of 13.30%.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 451.11%
  • Company's median sales growth is 20.02% of last 10 years

Cons

  • Company has a low return on equity of 11.10% for last 3 years.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
101 100 120 202 146 194 190 217 276 491 218 323
13 63 6 5 9 6 7 7 12 7 82 8
Operating Profit 89 37 115 197 138 188 183 210 265 484 137 315
OPM % 88% 37% 95% 98% 94% 97% 96% 97% 96% 98% 63% 97%
Other Income 0 0 0 0 0 0 -62 -13 0 0 0 0
Interest 78 80 103 106 115 120 127 139 133 103 114 91
Depreciation 0 0 0 0 0 1 1 1 -0 0 0 1
Profit before tax 11 -43 12 91 22 67 -7 57 132 380 22 223
Tax % 40% -2% 7% -2% 134% 33% 71% 23% 25% 25% 25% 25%
Net Profit 6 -44 11 93 -8 45 -2 44 99 284 17 167
EPS in Rs 0.36 -2.46 0.61 5.18 -0.43 2.51 -0.11 2.45 5.50 15.80 0.93 9.28
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
111 101 101 165 288 346 410 343 500 402 508 882 1,309
7 11 7 9 10 12 16 16 18 70 21 31 109
Operating Profit 105 91 94 156 278 333 394 327 482 332 487 851 1,200
OPM % 94% 89% 93% 94% 96% 96% 96% 95% 96% 83% 96% 96% 92%
Other Income 1 1 2 1 1 0 0 0 0 0 0 -81 0
Interest 67 35 52 126 189 243 261 276 226 331 403 519 441
Depreciation 0 0 1 1 1 1 1 0 0 0 0 1 1
Profit before tax 38 56 44 30 89 91 133 51 257 1 83 250 758
Tax % 36% 34% 31% 29% 31% 32% 33% 33% 35% -8% 36% 25%
Net Profit 24 37 31 21 61 61 88 34 167 1 53 186 567
EPS in Rs 1.36 2.04 1.70 1.17 3.40 3.41 4.90 1.92 9.29 0.08 2.94 10.35 31.51
Dividend Payout % 44% 37% 53% 64% 22% 26% 31% 57% 27% 1,277% 48% 29%
Compounded Sales Growth
10 Years:24%
5 Years:17%
3 Years:21%
TTM:75%
Compounded Profit Growth
10 Years:21%
5 Years:23%
3 Years:14%
TTM:296%
Stock Price CAGR
10 Years:11%
5 Years:17%
3 Years:14%
1 Year:81%
Return on Equity
10 Years:10%
5 Years:12%
3 Years:11%
Last Year:26%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
135 135 135 135 135 180 180 180 180 180 180 180 180
Reserves 405 426 437 443 488 486 541 552 719 677 708 863 1,110
Borrowings 1,559 747 855 2,208 3,122 3,767 3,858 4,921 3,514 4,369 8,234 12,165 13,743
55 75 56 61 92 124 182 119 153 27 400 1,051 1,429
Total Liabilities 2,153 1,383 1,483 2,847 3,837 4,557 4,761 5,771 4,566 5,252 9,522 14,258 16,462
5 5 5 5 4 4 3 3 3 3 3 4 4
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 4 0 129 175 182 695 328 640 443 4,999 8,818 12,965 14,875
2,144 1,378 1,349 2,667 3,650 3,857 4,430 5,128 4,120 251 701 1,290 1,584
Total Assets 2,153 1,383 1,483 2,847 3,837 4,557 4,761 5,771 4,566 5,252 9,522 14,258 16,462

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
819 819 -204 -1,292 -696 -94 -366 -1,088 1,213 -800 -3,843 -3,898
-1 -1 2 -46 -8 -513 368 -313 197 -0 -0 -1
-824 -824 92 1,334 898 630 71 1,030 -1,431 800 3,844 3,900
Net Cash Flow -6 -6 -110 -4 194 22 74 -370 -20 0 -0 1

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 5% 5% 7% 7% 8% 8% 9% 6% 10% 7% 7% 8%
Debtor Days 2 2 3 0 0 0 0 0 0 0 0 0
Inventory Turnover 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
74.07 74.07 74.07 74.07 74.07 74.07 74.07 74.07 74.07 74.07 74.07 74.07
1.32 1.08 0.18 0.18 0.18 0.18 0.18 0.18 0.12 0.04 0.41 0.29
0.61 0.61 0.59 0.60 0.45 0.47 0.28 0.28 0.26 0.19 0.00 0.01
24.00 24.24 25.16 25.15 25.30 25.28 25.47 25.47 25.55 25.70 25.52 25.63

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