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PNB Housing Finance

PNBHOUSING NSE
₹1,082.00 +19.00 (+1.79%)
P/E
11.99
View as Markdown
MCP
Close 4 Nov 2026 ₹1,082.00 +173.45 +19.1% 1Y
Start ₹908.55

Key Fundamentals

SmallcapFinanceFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

Debt to Equity
3.70
EPS (TTM)
₹90.23
Book Value
₹776.41
Market Cap
—
P/E (TTM)
11.99
P/B
1.39
ROE
12.90%
Dividend Yield
0.75%
52W High
₹1,224.80
52W Low
₹729.60
Day Range
₹1,055.00 – ₹1,083.40
Volume
4,62,446
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › Housing Finance › Housing Finance Company

PNB Housing Finance peer comparison
Bajaj Housing Finance
₹81.4225.21₹65,542 Cr2.820.00%12.10%—₹11,604 Cr₹2,692 Cr
Piramal Finance
₹1,946.20—₹45,625 Cr1.490.58%0.86%6.47%₹13,357 Cr₹1,909 Cr
LIC Housing Finance
₹520.004.98₹28,072 Cr0.651.98%14.40%—₹28,562 Cr₹5,739 Cr
PNB Housing Finance (this company)
₹1,082.0011.99₹28,029 Cr1.390.75%12.90%—₹8,700 Cr₹2,350 Cr
Aadhar Housing Finance
₹431.2016.44₹18,689 Cr2.520.00%15.90%—₹3,817 Cr₹1,140 Cr
Sammaan Capital
₹125.98—₹14,065 Cr0.821.67%−3.21%—₹7,418 Cr−₹7,236 Cr
Home First Finance Company
₹1,082.3019.38₹11,147 Cr2.430.49%15.70%—₹1,999 Cr₹581 Cr
Median 7 companies₹520.0016.44₹28,029 Cr1.490.58%12.90%6.47%₹8,700 Cr₹1,909 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

49 Average

Data confidence 94/100

Category scores

Quality
38
Weak
Returns, margins, earnings quality 22% weight
Valuation
65
Good
Cheap vs sector & own history 24% weight
Growth
38
Weak
Sales & profit trajectory 9% weight
Financial Health
31
Poor
Solvency, leverage, coverage 9% weight
Momentum
51
Average
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 20.2% CAGR over last 5 years

Weaknesses

4
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.36% over past five years.
  • Company has a low return on equity of 12.4% over last 3 years.
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1054
OscillatorsNeutral252
Moving AveragesStrong Bearish802

Key readings

RSI (14)
42.87
Neutral
MACD (12,26,9)
−18.35
Bearish
SMA (50)
1,135.91
Bearish
SMA (200)
1,009.27
Bullish

As of

Analyst Rating

Based on 12 analysts
BUY83%

10 of 12 analysts rate Buy, 2 Hold, 0 Sell.

As of

BUY
10
83%
HOLD
2
17%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+12.16%
5Y+2.36%
3Y+9.40%
1Y+11.10%
TTM+10.34%

Net profit

Net profit growth by window
10Y+21.72%
5Y+20.27%
3Y+30.15%
1Y+19.45%
TTM+15.08%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹3,908 Cr
Mar 2018₹5,488 Cr
Mar 2019₹7,481 Cr
Mar 2020₹8,478 Cr
Mar 2021₹7,565 Cr
Mar 2022₹6,141 Cr
Mar 2023₹6,491 Cr
Mar 2024₹7,016 Cr
Mar 2025₹7,651 Cr
Mar 2026₹8,500 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹524 Cr
Mar 2018₹842 Cr
Mar 2019₹1,081 Cr
Mar 2020₹682 Cr
Mar 2021₹925 Cr
Mar 2022₹822 Cr
Mar 2023₹1,056 Cr
Mar 2024₹1,527 Cr
Mar 2025₹1,949 Cr
Mar 2026₹2,328 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EPS
₹21.59 −8.7% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk medium

PNB Housing Finance Ltd trades at ₹1,060 as of 2026-10-30 with a market cap of ₹27,645 Cr, a P/E of 11.75x and a P/B of 1.37x. The company has delivered strong profit compounding of 20% CAGR over five years, though sales growth over the same period has been notably weak at just 2% CAGR, and return on equity stands at a modest 11.92%.

Bull Case 7
  • Strong long-term profit compounding at 22% CAGR over 10 years and 30% CAGR over 3 years, indicating sustained earnings momentum
  • Stock has delivered a 1-year return CAGR of 31%, significantly outperforming broader indices, with the current price of ₹1,060 well above its 52-week low of ₹729.6
  • P/E of 11.75x is relatively undemanding for a housing finance company that has compounded profits at 20% over 5 years, suggesting earnings are not excessively priced
  • TTM sales growth has accelerated to 10% compared to the 5-year CAGR of just 2%, suggesting a possible inflection in the loan book trajectory
  • 5-year stock CAGR of 22% demonstrates consistent long-term wealth creation for shareholders
  • P/B ratio of 1.37x is moderate for a housing finance lender, with ROE of 11.92% and last year's ROE improving to 13%
  • EPS of ₹90.23 TTM supports solid per-share earnings power, underpinning the current valuation
Bear Case 7
  • Extremely poor 5-year sales CAGR of just 2%, indicating prolonged stagnation in the core loan book and top-line growth
  • Low interest coverage ratio raises concerns about the company's ability to comfortably service its debt obligations from operating profits
  • Potential capitalisation of interest costs could be flattering reported profitability and masking true cost pressures
  • 3-year average ROE of roughly 12% is modest for a leveraged housing finance business and suggests limited efficiency in deploying shareholder capital
  • ROCE of 9.02% is relatively low, indicating the overall capital employed is not generating high returns
  • The stock trades about 13.5% below its 52-week high of ₹1,224.8, reflecting recent selling pressure or fading momentum
  • Divergence between strong profit growth and weak sales growth raises questions about the sustainability of margin expansion and whether earnings quality may deteriorate

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

12d ago

TL;DR: Limited news flow for PNB Housing Finance this period, with the only development being a routine leadership change in the IT function. No material headwinds or positive catalysts emerged. Investors should watch for upcoming quarterly results and any strategic updates for directional cues.

Neutral 1
  • IT Function Head relieved Sep 23

    PNB Housing relieved IT Function Head Anubhav Rajput effective September 23, 2026. Santosh Singh has been serving as CIO since September 8, 2026, ensuring continuity.

Quarterly Results

₹ Cr
PNBHOUSING quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
1,699
1,766
1,748
1,801
1,813
1,868
1,923
2,030
2,064
2,168
2,110
2,170
2,252
Expenses
187
190
206
156
153
130
149
125
136
84
174
49
185
Financing Profit
464
519
455
575
563
619
615
726
693
816
683
874
728
Fin. Margin %
27%
29%
26%
32%
31%
33%
32%
36%
34%
38%
32%
40%
32%
Other Income
0
2
3
5
9
2
2
15
7
4
2
−9
3
Interest
1,048
1,058
1,087
1,070
1,097
1,119
1,158
1,178
1,235
1,267
1,253
1,246
1,339
Depreciation
13
11
13
14
13
14
14
14
15
16
16
19
16
PBT
451
509
445
566
559
607
603
727
686
804
669
846
715
Tax %
22%
24%
22%
22%
21%
22%
22%
22%
22%
22%
22%
23%
22%
Net Profit
353
384
347
444
439
472
471
567
532
626
521
649
554
EPS (₹)
13.59
14.81
13.34
17.09
16.89
18.15
18.14
21.82
20.44
24.05
20
24.9
21.28
Gross NPA %
3.76%
1.78%
1.73%
1.5%
1.35%
1.24%
1.19%
1.08%
1.06%
1.04%
1.04%
0.93%
0.95%
Net NPA %
2.58%
1.19%
1.14%
0.95%
0.92%
0.84%
0.8%
0.69%
0.69%
0.69%
0.68%
0.57%
0.58%

Profit & Loss

₹ Cr
PNBHOUSING profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
1,780
2,698
3,908
5,488
7,481
8,478
7,565
6,141
6,491
7,016
7,651
8,500
8,700
Expenses
213
320
442
693
708
1,719
1,235
964
1,173
737
557
442
493
Financing Profit
303
518
822
1,258
1,606
884
1,230
1,111
1,416
2,015
2,542
3,057
3,101
Fin. Margin %
17%
19%
21%
23%
21%
10%
16%
18%
22%
29%
33%
36%
36%
Other Income
0
1
0
0
4
7
15
5
2
7
10
13
−1
Interest
1,265
1,860
2,644
3,537
5,167
5,876
5,100
4,066
3,901
4,264
4,553
5,002
5,106
Depreciation
8
15
19
24
31
66
59
53
51
51
56
66
68
PBT
294
503
804
1,235
1,578
825
1,187
1,063
1,367
1,972
2,496
3,004
3,033
Tax %
34%
35%
35%
32%
31%
17%
22%
23%
23%
23%
22%
22%
—
Net Profit
194
326
524
842
1,081
682
925
822
1,056
1,527
1,949
2,328
2,351
EPS (₹)
9.95
16.73
20.57
32.9
42.01
26.39
35.78
31.72
40.7
58.81
74.98
89.34
90.23
Div. Payout %
16%
13%
19%
18%
14%
0%
0%
0%
0%
0%
7%
9%
—

Balance Sheet

₹ Cr
PNBHOUSING balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
104
127
166
167
167
168
168
169
169
260
260
261
Reserves
1,475
2,019
5,412
6,402
7,268
7,779
8,699
9,632
10,784
14,673
16,574
18,965
Borrowing
16,481
26,014
35,497
53,777
71,859
67,736
59,394
53,005
53,621
55,017
62,310
71,199
Other Liabilities
976
1,511
1,885
2,673
4,456
3,191
3,072
2,844
2,231
2,422
3,353
3,109
Total Liabilities
19,035
29,671
42,960
63,018
83,750
78,874
71,333
65,649
66,805
72,371
82,497
93,533
Fixed Assets
40
58
58
255
102
250
181
150
146
206
239
273
CWIP
18
4
2
10
5
4
2
4
3
15
16
6
Investments
1,586
1,622
3,280
2,413
4,457
2,048
2,033
3,472
3,188
4,345
3,381
2,777
Other Assets
17,392
27,987
39,620
60,340
79,185
76,572
69,117
62,024
63,468
67,804
78,861
90,477
Total Assets
19,035
29,671
42,960
63,018
83,750
78,874
71,333
65,649
66,805
72,371
82,497
93,533

Cash Flow

₹ Cr
PNBHOUSING cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−6,791
−9,664
−12,406
−15,664
−16,626
8,911
6,731
6,218
−1,772
−4,644
−8,120
−8,973
Investing
−37
−20
−17
−50
−53
−62
−6
−1,476
174
−1,193
757
736
Financing
6,850
9,804
12,322
18,464
17,888
−4,362
−8,331
−6,684
301
4,179
7,404
8,720
Net Cash Flow
22
120
−101
2,751
1,209
4,486
−1,606
−1,942
−1,297
−1,659
41
483
Free Cash Flow
−6,828
−9,684
−12,423
−15,713
−16,679
8,849
6,725
6,203
−1,786
−4,683
−8,168
−9,005

Ratios

PNBHOUSING financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
15%
18%
14%
14%
15%
9%
11%
9%
10%
12%
12%
13%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view PNB Housing Finance insights

51 extracted metrics across FY02–FY27.

Shareholding Pattern

As of Sep 2026

  • DIIs 49.29%
  • Promoters 28.01%
  • FIIs 14.19%
  • Public 6.72%
  • Others 1.79%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about PNB Housing Finance

What does PNB Housing Finance Ltd do?
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.
Where is PNB Housing Finance Ltd (PNBHOUSING) listed?
PNB Housing Finance Ltd trades as PNBHOUSING on the NSE and under code 540173 on the BSE.
Which sector does PNB Housing Finance Ltd belong to?
PNB Housing Finance Ltd is classified under the Financial Services sector, in the Housing Finance industry.
What is the PE ratio of PNB Housing Finance Ltd?
PNB Housing Finance Ltd trades at a PE ratio of 11.99 as of 4 Nov 2026, on earnings per share of ₹90.23, against a book value of ₹776.41 per share.
What is the 52-week high and low of PNB Housing Finance Ltd?
Over the last 52 weeks PNB Housing Finance Ltd has traded between ₹729.6 and ₹1,224.8 as of 4 Nov 2026.
Does PNB Housing Finance Ltd pay dividends?
PNB Housing Finance Ltd has a dividend yield of 0.75%.
What is the Return on Equity (ROE) of PNB Housing Finance Ltd?
PNB Housing Finance Ltd reported a return on equity of 12.90%. Its debt-to-equity ratio is 3.70.

Company Information

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.

Website pnbhousing.com
CEO Mr. Vinay Gupta
Employees 2,149
Listed 7 Nov 2016
Face Value ₹10

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