PNB Housing Finance Ltd

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

PNB Housing Finance Ltd

₹ 782 -1.71%
06 Dec 12:45 p.m.
pnbhousing.com BSE: 540173 NSE : PNBHOUSING
About

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]

Key Points

Presence
The Co has a pan-Indian network of 94 branches across 64 cities and towns with a cumulative 74,469 Cr worth of AUM. It has 2.6 lakhs active customer base. [1]

Website BSE NSE
  • Market Cap ₹ 20,310 Cr.
  • Current Price ₹ 782
  • High / Low ₹ 825 / 348
  • Stock P/E 15.7
  • Book Value ₹ 545
  • Dividend Yield 0.00 %
  • ROCE 8.27 %
  • ROE 10.2 %
  • Face Value ₹ 10.0
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Pros

  • Company's median sales growth is 36.3% of last 10 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 3.41% over past five years.
  • Company has a low return on equity of 9.98% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -4.51%

* 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 - Housing

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
Revenue 2,013 1,873 1,813 1,675 1,569 1,482 1,414 1,404 1,672 1,787 1,627 1,699 1,766
Interest 1,340 1,246 1,151 1,103 1,034 998 931 930 964 997 1,008 1,048 1,058
269 338 476 255 239 224 247 149 356 409 261 187 190
Financing Profit 404 288 187 318 296 260 237 325 352 381 358 464 519
Financing Margin % 20% 15% 10% 19% 19% 18% 17% 23% 21% 21% 22% 27% 29%
6 8 2 1 3 0 0 1 -1 0 1 0 2
Depreciation 15 14 14 13 13 13 14 13 13 13 13 13 11
Profit before tax 396 282 175 306 286 248 223 313 338 369 346 451 509
Tax % 21% 21% 26% 23% 18% 26% 24% 24% 22% 26% 18% 22% 24%
312 223 130 235 233 184 170 238 263 272 283 353 384
EPS in Rs 12.08 8.64 5.03 9.07 9.00 7.09 6.56 9.19 10.14 10.50 10.90 13.59 14.81
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%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 461 666 1,120 1,780 2,698 3,908 5,488 7,481 8,478 7,565 6,141 6,491 6,879
Interest 314 462 802 1,265 1,860 2,644 3,537 5,167 5,876 5,101 4,066 3,901 4,110
41 75 136 213 320 442 693 708 1,719 1,234 964 1,173 1,047
Financing Profit 106 130 183 303 518 822 1,258 1,606 884 1,230 1,111 1,416 1,722
Financing Margin % 23% 19% 16% 17% 19% 21% 23% 21% 10% 16% 18% 22% 25%
-0 -0 -0 -0 1 0 0 4 7 15 5 2 3
Depreciation 0 1 3 8 15 19 24 31 66 59 53 51 49
Profit before tax 106 129 179 294 503 804 1,235 1,578 825 1,187 1,063 1,367 1,676
Tax % 27% 28% 28% 34% 35% 35% 32% 31% 17% 22% 23% 23%
77 93 130 194 326 524 842 1,081 682 925 822 1,056 1,292
EPS in Rs 16.80 12.07 9.45 9.95 16.73 20.57 32.90 42.01 26.39 35.78 31.72 40.70 49.80
Dividend Payout % 9% 13% 15% 16% 13% 19% 18% 14% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 26%
5 Years: 3%
3 Years: -9%
TTM: 15%
Compounded Profit Growth
10 Years: 28%
5 Years: 5%
3 Years: 16%
TTM: 51%
Stock Price CAGR
10 Years: %
5 Years: 1%
3 Years: 36%
1 Year: 120%
Return on Equity
10 Years: 12%
5 Years: 11%
3 Years: 10%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 30 50 66 104 127 166 167 167 168 168 169 169 260
Reserves 370 568 868 1,475 2,019 5,412 6,402 7,268 7,779 8,699 9,632 10,784 13,895
3,860 6,695 10,108 16,481 26,014 35,497 53,777 71,859 67,736 59,394 52,961 53,621 53,534
177 342 498 976 1,511 1,885 2,673 4,456 3,191 3,072 2,888 2,231 2,583
Total Liabilities 4,436 7,655 11,540 19,035 29,671 42,960 63,018 83,750 78,874 71,333 65,649 66,805 70,272
5 14 26 40 58 58 255 102 250 181 150 146 147
CWIP 1 4 3 18 4 2 10 5 4 2 4 3 0
Investments 378 777 645 1,586 1,622 3,280 2,413 4,457 2,048 2,033 3,472 3,188 4,163
4,053 6,860 10,865 17,392 27,987 39,620 60,340 79,185 76,572 69,117 62,024 63,468 65,961
Total Assets 4,436 7,655 11,540 19,035 29,671 42,960 63,018 83,750 78,874 71,333 65,649 66,805 70,272

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-728 -2,901 -3,627 -6,791 -9,664 -12,406 -15,664 -16,626 8,911 6,566 6,216 -1,772
-3 -14 -15 -37 -20 -17 -50 -53 -62 5 -1,476 174
715 2,965 3,604 6,850 9,804 12,322 18,464 17,888 -4,362 -8,177 -6,732 301
Net Cash Flow -16 51 -38 22 120 -101 2,751 1,209 4,486 -1,606 -1,992 -1,297

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
32.65% 32.64% 32.59% 32.58% 32.57% 32.57% 32.57% 32.57% 32.53% 32.52% 28.15% 28.14%
24.55% 24.51% 25.86% 25.95% 24.30% 23.96% 23.96% 23.24% 23.64% 24.29% 24.77% 24.81%
3.46% 3.31% 2.95% 3.11% 2.49% 2.33% 2.38% 3.28% 2.98% 3.65% 7.60% 7.72%
39.34% 39.55% 38.60% 38.37% 40.64% 41.14% 41.09% 40.90% 40.85% 39.53% 39.48% 39.32%
No. of Shareholders 1,03,7531,05,9021,05,3251,01,9471,04,3981,19,1871,20,5921,19,9971,18,1471,08,2691,20,1931,19,631

* 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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