PNB Housing Finance Ltd.

•

pnbhousing.comBSE: 540173NSE: PNBHOUSING

Market Cap₹ 30,644 Cr.

Current Price

High / Low₹ 1,212 / 730

Stock P/E13.2

Book Value₹ 756

Price to Book1.03

Dividend Yield0.68 %

ROCE9.4 %

ROE12.7 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Comfortable capital adequacy - CAR of 27.3%
Solid return on assets for a lender - ROA of 2.6%
Asset quality is healthy - gross NPA of just 0.9%
Company has consistently been profitable over the last 5 years
Operating margins have improved to 90.0% from 81.4%

CONS

Company has a low return on capital employed of 9.4%
Free cash flow has been persistently negative
Equity base is being diluted - shares outstanding up 54.3%
Company has delivered a poor sales growth of 2.3% over past five years
Though reporting repeated profits, the company pays out little dividend (9.1%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - Housing

Part ofNIFTY TOTAL MKT NIFTY SMLCAP 50 NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	BAJAJHFL	84.16	673.24	70124.93	0.00	715.28	22.63	3063.02	17.79	8.83	92.39
2.	PIRAMALFIN	2256.30	31.65	53390.90	0.49	460.98	—	3368.27	33.52	7.74	64.47
3.	HUDCO	172.70	8.12	34572.81	3.50	851.11	35.05	3717.17	27.10	8.41	97.08
4.	LICHSGFIN	562.55	5.39	30943.79	1.78	1499.03	9.90	7082.59	-1.16	8.59	97.06
5.	PNBHOUSING	1175.00	13.24	30644.46	0.68	557.34	4.47	2263.44	9.02	9.41	91.52
6.	AADHARHFC	456.35	17.53	19997.56	0.00	282.36	19.00	992.89	17.06	11.31	75.02
7.	SAMMAANCAP	147.45	0.00	17171.39	0.00	243.30	-27.22	1651.93	-31.18	-4.70	99.91
8.	APTUS	249.30	12.68	12485.70	1.81	260.94	19.01	600.29	15.38	15.45	81.94
9.	HOMEFIRST	1184.65	21.31	12386.64	0.44	1598.51	1244.52	5380.11	1086.05	11.13	77.98
10.	CANFINHOME	781.05	9.21	10400.04	1.92	267.82	19.63	1096.15	7.43	9.14	91.29
11.	AAVAS	1275.10	20.61	10110.82	0.00	142.48	12.34	546.02	21.42	9.97	74.58
12.	INDIASHLTR	652.05	14.15	7118.25	1.53	137.59	27.24	408.23	24.73	12.96	73.07

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,708	1,778	1,755	1,810	1,823	1,879	1,942	2,022	2,076	2,128	2,119	2,182	2,263
	201	204	216	170	168	143	155	133	145	88	183	52	1,547
Operating Profit	1,507	1,574	1,539	1,640	1,655	1,736	1,787	1,889	1,931	2,040	1,936	2,129	2,072
OPM %	88.23%	88.54%	87.69%	90.59%	90.81%	92.41%	92.01%	93.41%	93.02%	95.88%	91.35%	97.61%	91.52%
Other Income	0	2	1	4	9	1	1	15	6	3	2	-10	2
Interest	1,048	1,057	1,087	1,070	1,097	1,118	1,158	1,178	1,234	1,267	1,253	1,246	1,339
Depreciation	13	11	13	14	13	14	14	14	15	16	16	19	16
	447	507	440	560	554	605	616	711	688	760	668	855	718
Tax %	22.24%	24.47%	23.13%	21.54%	21.90%	22.33%	21.50%	22.61%	22.45%	23.44%	22.15%	23.26%	22.42%
Net Profit	0	0	0	0	433	470	483	550	534	582	520	656	557
	14	15	13	17	17	18	19	21	21	22	20	25	2

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	5,489	7,679	8,482	7,604	6,196	6,527	7,050	7,665	8,505	8,692
	694	750	1,737	1,257	999	2,343	972	922	853	1,870
Operating Profit	4,795	6,929	6,745	6,347	5,197	4,184	6,078	6,744	7,651	6,822
OPM %	87.36%	90.23%	79.52%	83.47%	83.88%	64.10%	86.21%	87.97%	89.96%	78.49%
	1	4	8	20	5	1,128	190	350	397	-3
Interest	3,537	5,167	5,875	5,101	4,065	3,900	4,263	4,552	5,011	5,104
Depreciation	24	31	66	59	53	51	51	56	66	68
Profit before Tax	1,235	1,734	811	1,207	1,084	1,361	1,954	2,486	2,971	3,001
Tax %	31.87%	31.30%	20.32%	22.96%	22.83%	23.14%	22.82%	22.11%	22.87%	22.86%
Net Profit	841	1,192	646	930	836	1,046	1,508	1,936	2,291	2,315
EPS	49.94	70.76	38.41	55.26	49.53	53.16	58.06	74.49	87.94	—
Dividend Payout %	17.82%	12.65%	0.00%	0.00%	0.00%	0.00%	0.00%	6.71%	9.10%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 2%
3 Years:: 9%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 20%
3 Years:: 30%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 18%
3 Years:: 21%
1 Year:: 45%

RETURN ON EQUITY

10 Years:: —
5 Years:: 11%
3 Years:: 12%
Last Year:: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	167	167	168	168	169	169	260	260	261
	6,373	7,320	7,762	8,681	9,647	10,795	14,668	16,552	18,906
	55,558	74,018	68,842	60,579	54,406	54,743	55,314	62,520	71,450
Trade Payables	120	127	87	18	16	30	20	18	15
	1,189	2,176	1,784	1,516	1,452	1,088	2,533	3,752	3,440
Total Liabilities	63,407	83,808	78,644	70,963	65,691	66,825	72,795	83,102	94,071
	76	103	251	181	150	146	206	239	274
Capital Work in Progress	8	4	1	0	0	0	5	5	1
	2,413	4,561	2,076	2,045	3,483	3,196	4,346	3,381	2,779
	0	0	0	0	0	0	51	50	47
Cash & Bank	2,817	4,034	8,514	6,969	5,216	3,796	2,607	3,600	3,339
	58,093	75,107	67,802	61,768	56,842	59,686	65,579	75,828	87,631
Total Assets	63,407	83,808	78,644	70,963	65,691	66,825	72,795	83,102	94,071

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-15,190	-16,046	9,273	12,126	11,018	2,419	-480	-3,579	-3,894
Cash from Investing	-50	-54	-63	21	-1,475	176	-1,186	757	684
Cash from Financing	18,464	17,888	-4,386	-8,178	-6,732	301	4,179	7,404	8,720
	2,751	1,217	4,480	-1,546	-1,953	-1,388	-1,669	104	421

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
28.13	28.11	28.11	28.10	28.08	28.04	28.04	28.04	28.03
17.89	20.42	24.34	21.45	24.18	18.61	17.22	16.60	16.81
10.95	22.17	26.85	29.88	37.99	40.68	43.02	44.07	45.71
0.00	0.00	0.00	0.00	0.01	0.01	0.02	0.02	0.02
43.04	29.29	20.69	20.58	9.74	12.65	11.69	11.27	9.42

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-07

Outcome of Board Meeting

2026-09-07 - PNB Housing Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on September 07, 2026.

2026-09-07

Outcome of Board Meeting

2026-09-07 - PNB Housing Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on September 07, 2026.

2026-09-04

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-04 - PNB Housing Finance Limited has informed the Exchange about Analysts or institutional investors meet - Outcome

2026-09-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-03 - PNB Housing Finance Limited has informed the Exchange about Analysts or institutional investors meet - Outcome

2026-09-03

General Updates

2026-09-03 - Announcement Under Regulation 30 (LODR) Regulations - Intimation of ESG Rating

2026-08-31

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-31 - PNB Housing Finance Limited has informed the Exchange about Schedule of meet

2026-08-29

Resignation of Director/KMP/SMP

2026-08-29 - PNB Housing Finance Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-29

Change in Management

2026-08-29 - PNB Housing Finance Limited has informed the Exchange about change in Management

2026-08-27

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-27 - PNB Housing Finance Limited has informed the Exchange about Schedule of meet

News

Recent coverage and analyst commentary for PNBHOUSING

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PNB Housing Finance Ltd.

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Free 5nance Account

Name

BAJAJHFL

84.16

673.24

70124.93

0.00

715.28

22.63

3063.02

17.79

8.83

92.39

PIRAMALFIN

2256.30

31.65

53390.90

0.49

460.98

—

3368.27

33.52

7.74

64.47

HUDCO

172.70

8.12

34572.81

3.50

851.11

35.05

3717.17

27.10

8.41

97.08

LICHSGFIN

562.55

5.39

30943.79

1.78

1499.03

9.90

7082.59

-1.16

8.59

97.06

PNBHOUSING

1175.00

13.24

30644.46

0.68

557.34

4.47

2263.44

9.02

9.41

91.52

AADHARHFC

456.35

17.53

19997.56

0.00

282.36

19.00

992.89

17.06

11.31

75.02

SAMMAANCAP

147.45

0.00

17171.39

0.00

243.30

-27.22

1651.93

-31.18

-4.70

99.91

APTUS

249.30

12.68

12485.70

1.81

260.94

19.01

600.29

15.38

15.45

81.94

HOMEFIRST

1184.65

21.31

12386.64

0.44

1598.51

1244.52

5380.11

1086.05

11.13

77.98

CANFINHOME

781.05

9.21

10400.04

1.92

267.82

19.63

1096.15

7.43

9.14

91.29

AAVAS

1275.10

20.61

10110.82

0.00

142.48

12.34

546.02

21.42

9.97

74.58

INDIASHLTR

652.05

14.15

7118.25

1.53

137.59

27.24

408.23

24.73

12.96

73.07

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

1,708

1,778

1,755

1,810

1,823

1,879

1,942

2,022

2,076

2,128

2,119

2,182

2,263

201

204

216

170

168

143

155

133

145

183

1,547

Operating Profit

1,507

1,574

1,539

1,640

1,655

1,736

1,787

1,889

1,931

2,040

1,936

2,129

2,072

OPM %

88.23%

88.54%

87.69%

90.59%

90.81%

92.41%

92.01%

93.41%

93.02%

95.88%

91.35%

97.61%

91.52%

Other Income

-10

Interest

1,048

1,057

1,087

1,070

1,097

1,118

1,158

1,178

1,234

1,267

1,253

1,246

1,339

Depreciation

447

507

440

560

554

605

616

711

688

760

668

855

718

Tax %

22.24%

24.47%

23.13%

21.54%

21.90%

22.33%

21.50%

22.61%

22.45%

23.44%

22.15%

23.26%

22.42%

Net Profit

433

470

483

550

534

582

520

656

557

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

5,489

7,679

8,482

7,604

6,196

6,527

7,050

7,665

8,505

8,692

694

750

1,737

1,257

999

2,343

972

922

853

1,870

Operating Profit

4,795

6,929

6,745

6,347

5,197

4,184

6,078

6,744

7,651

6,822

OPM %

87.36%

90.23%

79.52%

83.47%

83.88%

64.10%

86.21%

87.97%

89.96%

78.49%

1,128

190

350

397

-3

Interest

3,537

5,167

5,875

5,101

4,065

3,900

4,263

4,552

5,011

5,104

Depreciation

Profit before Tax

1,235

1,734

811

1,207

1,084

1,361

1,954

2,486

2,971

3,001

Tax %

31.87%

31.30%

20.32%

22.96%

22.83%

23.14%

22.82%

22.11%

22.87%

22.86%

Net Profit

841

1,192

646

930

836

1,046

1,508

1,936

2,291

2,315

EPS

49.94

70.76

38.41

55.26

49.53

53.16

58.06

74.49

87.94

—

Dividend Payout %

17.82%

12.65%

0.00%

6.71%

9.10%

—

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

167

168

169

260

261

6,373

7,320

7,762

8,681

9,647

10,795

14,668

16,552

18,906

55,558

74,018

68,842

60,579

54,406

54,743

55,314

62,520

71,450

Trade Payables

120

127

1,189

2,176

1,784

1,516

1,452

1,088

2,533

3,752

3,440

Total Liabilities

63,407

83,808

78,644

70,963

65,691

66,825

72,795

83,102

94,071

103

251

181

150

146

206

239

274

Capital Work in Progress

2,413

4,561

2,076

2,045

3,483

3,196

4,346

3,381

2,779

Cash & Bank

2,817

4,034

8,514

6,969

5,216

3,796

2,607

3,600

3,339

58,093

75,107

67,802

61,768

56,842

59,686

65,579

75,828

87,631

Total Assets

63,407

83,808

78,644

70,963

65,691

66,825

72,795

83,102

94,071

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-15,190

-16,046

9,273

12,126

11,018

2,419

-480

-3,579

-3,894

Cash from Investing

-50

-54

-63

-1,475

176

-1,186

757

684

Cash from Financing

18,464

17,888

-4,386

-8,178

-6,732

301

4,179

7,404

8,720

2,751

1,217

4,480

-1,546

-1,953

-1,388

-1,669

104

421

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

28.13

28.11

28.10

28.08

28.04

28.03

17.89

20.42

24.34

21.45

24.18

18.61

17.22

16.60

16.81

10.95

22.17

26.85

29.88

37.99

40.68

43.02

44.07

45.71

0.00

0.01

0.02

43.04

29.29

20.69

20.58

9.74

12.65

11.69

11.27

9.42

PNB Housing Finance Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

PNB Housing Finance Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI