PNB Housing Finance Ltd

PNB Housing Finance is primarily engaged in the business of providing loans to individuals and corporate bodies for purchase, construction, repair and up-gradation of houses. It also provides loans for commercial space, loan against property and loan for purchase of residential plots.

Pros:
Company has reduced debt.
Company is expected to give good quarter
Company has good consistent profit growth of 55.00% over 5 years
Cons:
Company has low interest coverage ratio.
Promoter holding is low: 32.79%

Peer Comparison Sector: Finance // Industry: Finance - Housing

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
Revenue 863 970 999 1,076 1,160 1,274 1,416 1,638 1,616 1,730 2,000 2,135
Interest 608 685 673 678 750 835 926 1,026 1,100 1,229 1,410 1,428
103 74 113 152 159 158 148 228 164 189 202 154
Financing Profit 152 212 213 246 250 281 342 384 352 313 387 553
Financing Margin % 18% 22% 21% 23% 22% 22% 24% 23% 22% 18% 19% 26%
Other Income 0 0 0 0 0 0 0 0 0 0 1 3
Depreciation 4 5 5 5 5 5 7 7 7 8 8 9
Profit before tax 147 207 208 242 245 276 336 377 346 305 380 547
Tax % 35% 34% 34% 37% 31% 31% 32% 33% 32% 32% 30% 32%
Net Profit 96 138 138 152 170 190 229 253 235 208 267 371
Gross NPA % 0.00% 0.26% 0.37% 0.22% 0.43% 0.34% 0.42% 0.33% 0.43% 0.00% 0.45% 0.48%
Net NPA % 0.00% 0.18% 0.27% 0.15% 0.33% 0.26% 0.33% 0.23% 0.33% 0.00% 0.00% 0.38%
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
Revenue 148 224 276 308 359 461 666 1,120 1,780 2,698 3,908 5,516 7,481
Interest 104 146 182 199 230 314 462 802 1,265 1,860 2,644 3,531 5,166
15 24 19 22 37 41 75 136 213 320 442 683 709
Financing Profit 29 55 75 86 93 106 130 183 303 518 822 1,303 1,606
Financing Margin % 19% 24% 27% 28% 26% 23% 19% 16% 17% 19% 21% 24% 21%
Other Income 5 3 1 9 5 -0 -0 -0 -0 1 0 0 4
Depreciation 1 0 0 0 0 0 1 3 8 15 19 24 31
Profit before tax 33 57 76 94 98 106 129 179 294 503 804 1,279 1,578
Tax % 16% 29% 29% 29% 29% 27% 28% 28% 34% 35% 35% 35%
Net Profit 28 41 53 67 69 77 93 130 194 326 524 831 1,081
EPS in Rs 31.62 48.64
Dividend Payout % 11% 15% 11% 9% 10% 9% 13% 15% 16% 13% 19% 18%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:37.77%
5 Years:52.61%
3 Years:45.79%
TTM:36.31%
Compounded Profit Growth
10 Years:35.24%
5 Years:55.00%
3 Years:62.33%
TTM:28.41%
Return on Equity
10 Years:15.44%
5 Years:14.64%
3 Years:14.41%
Last Year:13.98%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
30 30 30 30 30 30 50 66 104 127 166 167 167
Reserves 105 139 185 245 306 370 568 868 1,475 2,019 5,412 6,140 7,268
Borrowings 1,477 1,883 2,340 2,656 3,171 3,860 6,695 10,108 16,481 26,014 35,497 54,072 26,793
64 44 48 135 164 177 344 507 1,013 1,578 2,007 3,607 49,522
Total Liabilities 1,676 2,096 2,603 3,065 3,671 4,436 7,657 11,549 19,072 29,738 43,081 63,985 83,750
3 2 2 2 2 5 14 26 40 58 58 76 104
CWIP 0 0 0 0 0 1 4 3 18 4 2 10 4
Investments 87 136 367 430 311 378 777 645 1,586 1,622 3,280 2,380 4,457
1,587 1,958 2,234 2,633 3,358 4,053 6,863 10,875 17,429 28,053 39,741 61,520 79,185
Total Assets 1,676 2,096 2,603 3,065 3,671 4,436 7,657 11,549 19,072 29,738 43,081 63,985 83,750

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
-351 -228 -580 -728 -2,901 -3,627 -6,791 -9,664 -12,406 -15,673
-39 -221 124 -3 -14 -15 -37 -20 -17 -50
406 450 516 715 2,965 3,604 6,850 9,804 12,322 18,474
Net Cash Flow 17 0 60 -16 51 -38 22 120 -101 2,751

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROE % 23% 27% 28% 27% 23% 21% 18% 17% 15% 18% 14% 14%

Annual Reports

Credit Ratings