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.(Source : 201903 Annual Report Page No: 129)

  • Market Cap: 3,533 Cr.
  • Current Price: 210.05
  • 52 weeks High / Low 804.00 / 145.65
  • Book Value: 472.52
  • Stock P/E: 5.18
  • Dividend Yield: 4.28 %
  • ROCE: 9.66 %
  • ROE: 15.45 %
  • Sales Growth (3Yrs): 40.49 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
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Pros:
Stock is trading at 0.44 times its book value
Stock is providing a good dividend yield of 4.28%.
Company has good consistent profit growth of 52.79% over 5 years
Cons:
Company has low interest coverage ratio.
Promoter holding is low: 32.65%
Promoter holding has decreased over last 3 years: -6.21%

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

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
Revenue 1,160 1,274 1,416 1,638 1,616 1,730 2,000 2,135 2,302 2,187 2,070 1,920
Interest 750 835 926 1,026 1,100 1,229 1,410 1,428 1,513 1,521 1,461 1,380
159 158 148 228 164 189 202 154 288 257 293 882
Financing Profit 250 281 342 384 352 313 387 553 500 409 316 -342
Financing Margin % 22% 22% 24% 23% 22% 18% 19% 26% 22% 19% 15% -18%
0 0 0 0 0 0 1 3 2 1 0 5
Depreciation 5 5 7 7 7 8 8 9 16 17 18 14
Profit before tax 245 276 336 377 346 305 380 547 486 393 298 -351
Tax % 31% 31% 32% 33% 32% 32% 30% 32% 24% 13% 21% 25%
Net Profit 170 190 229 253 235 208 267 371 368 342 235 -263
EPS in Rs 10.23 11.41 13.77 15.16 14.06 12.44 15.94 22.16 21.94 20.35 13.98 -15.64
Gross NPA % 0.43% 0.34% 0.42% 0.33% 0.43% 0.45% 0.47% 0.85% 0.84% 1.75%
Net NPA % 0.33% 0.26% 0.33% 0.23% 0.33% 0.35% 0.37% 0.43% 0.65% 1.44%
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
Revenue 224 276 308 359 461 666 1,120 1,780 2,698 3,908 5,488 7,481 8,478
Interest 146 182 199 230 314 462 802 1,265 1,860 2,644 3,537 5,167 5,875
24 19 22 37 41 75 136 213 320 442 693 708 1,720
Financing Profit 55 75 86 93 106 130 183 303 518 822 1,258 1,606 883
Financing Margin % 24% 27% 28% 26% 23% 19% 16% 17% 19% 21% 23% 21% 10%
3 1 9 5 -0 -0 -0 -0 1 0 0 4 8
Depreciation 0 0 0 0 0 1 3 8 15 19 24 31 66
Profit before tax 57 76 94 98 106 129 179 294 503 804 1,235 1,578 825
Tax % 29% 29% 29% 29% 27% 28% 28% 34% 35% 35% 32% 31%
Net Profit 41 53 67 69 77 93 130 194 326 524 842 1,081 682
EPS in Rs 13.19 17.46 21.92 22.77 25.46 18.56 19.74 18.69 25.07 31.62 50.55 64.57 40.63
Dividend Payout % 15% 11% 9% 10% 9% 13% 15% 16% 13% 19% 18% 14%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:39.11%
5 Years:46.19%
3 Years:40.49%
TTM:13.33%
Compounded Profit Growth
10 Years:35.09%
5 Years:52.79%
3 Years:49.06%
TTM:-36.90%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-48.98%
1 Year:-73.18%
Return on Equity
10 Years:15.30%
5 Years:14.80%
3 Years:14.45%
Last Year:15.45%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
30 30 30 30 30 50 66 104 127 166 167 167 168
Reserves 139 185 245 306 370 568 868 1,475 2,019 5,412 6,402 7,268 7,779
Borrowings 1,883 2,340 2,656 3,171 3,860 6,695 10,108 16,481 26,014 35,497 53,777 71,859 67,736
44 48 135 164 177 342 498 976 1,511 1,885 2,673 4,456 3,191
Total Liabilities 2,096 2,603 3,065 3,671 4,436 7,655 11,540 19,035 29,671 42,960 63,018 83,750 78,874
2 2 2 2 5 14 26 40 58 58 255 233 253
CWIP 0 0 0 0 1 4 3 18 4 2 10 5 1
Investments 136 367 430 311 378 777 645 1,586 1,622 3,280 2,413 4,457 2,048
1,958 2,234 2,633 3,358 4,053 6,860 10,865 17,392 27,987 39,620 60,340 79,054 76,572
Total Assets 2,096 2,603 3,065 3,671 4,436 7,655 11,540 19,035 29,671 42,960 63,018 83,750 78,874

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-351 -228 -580 -728 -2,901 -3,627 -6,791 -9,664 -12,406 -15,664 -16,626
-39 -221 124 -3 -14 -15 -37 -20 -17 -50 -53
406 450 516 715 2,965 3,604 6,850 9,804 12,322 18,464 17,888
Net Cash Flow 17 0 60 -16 51 -38 22 120 -101 2,751 1,209

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROE % 27% 28% 27% 23% 21% 18% 17% 15% 18% 14% 14% 15%

Shareholding pattern in percentages

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
38.86 38.86 32.96 32.96 32.80 32.79 32.79 32.79 32.67 32.66 32.65 32.65
14.54 14.09 17.06 16.33 18.19 18.04 19.15 19.91 21.38 23.44 23.14 21.80
4.47 4.72 7.00 7.64 10.36 10.83 9.83 8.90 7.82 7.11 6.60 6.34
42.13 42.33 42.97 43.06 38.66 38.33 38.23 38.40 38.13 36.79 37.61 39.21