PNB Housing Finance Ltd.

•

pnbhousing.comBSE: 540173NSE: PNBHOUSING

Market Cap₹ 29,807 Cr.

Current Price

High / Low₹ 1,212 / 730

Stock P/E12.7

Book Value₹ 756

Price to Book1.03

Dividend Yield0.70 %

ROCE9.5 %

ROE12.9 %

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

Company has delivered good profit growth of 20.3% CAGR over last 5 years
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%
Operating margins have improved to 90.3% from 82.0%

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 2.4% over past five years
Though reporting repeated profits, the company pays out little dividend (9.0%)

* 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	82.93	663.40	69100.05	0.00	715.28	22.63	3063.02	17.79	8.83	92.39
2.	PIRAMALFIN	2311.65	32.42	54700.64	0.48	460.98	—	3368.27	33.52	7.74	64.47
3.	HUDCO	175.45	8.25	35123.34	3.45	851.11	35.05	3717.17	27.10	8.41	97.08
4.	LICHSGFIN	556.60	5.34	30616.51	1.80	1499.03	9.90	7082.59	-1.16	8.59	97.06
5.	PNBHOUSING	1142.90	12.88	29807.28	0.70	557.34	4.47	2263.44	9.02	9.41	91.52
6.	AADHARHFC	471.70	18.12	20670.21	0.00	282.36	19.00	992.89	17.06	11.31	75.02
7.	SAMMAANCAP	150.05	0.00	17474.18	0.00	243.30	-27.22	1651.93	-31.18	-4.70	99.91
8.	APTUS	258.20	13.13	12931.44	1.74	260.94	19.01	600.29	15.38	15.45	81.94
9.	HOMEFIRST	1202.80	21.63	12576.41	0.43	1598.51	1244.52	5380.11	1086.05	11.13	77.98
10.	CANFINHOME	787.55	9.28	10486.59	1.90	267.82	19.63	1096.15	7.43	9.14	91.29
11.	AAVAS	1292.95	20.89	10252.36	0.00	142.48	12.34	546.02	21.42	9.97	74.58
12.	INDIASHLTR	667.55	14.48	7287.46	1.50	137.59	27.24	408.23	24.73	12.96	73.07

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	1,699	1,766	1,748	1,801	1,813	1,868	1,923	2,030	2,064	2,168	2,110	2,170	2,252
	187	190	206	156	153	130	149	125	136	84	174	49	1,541
Operating Profit	1,511	1,576	1,542	1,645	1,660	1,738	1,774	1,905	1,928	2,084	1,936	2,121	2,067
OPM %	88.97%	89.26%	88.20%	91.36%	91.57%	93.05%	92.24%	93.83%	93.42%	96.12%	91.76%	97.73%	91.77%
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
	451	509	445	566	559	607	603	727	686	804	669	846	715
Tax %	21.84%	24.50%	22.17%	21.59%	21.48%	22.24%	21.83%	22.04%	22.44%	22.06%	22.10%	23.30%	22.40%
Net Profit	353	384	347	444	439	472	471	567	532	626	521	649	554
	14	15	13	17	17	18	18	22	20	24	20	25	2

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	3,908	5,488	7,481	8,478	7,565	6,141	6,491	7,014	7,633	8,511	8,700
	442	693	708	1,719	1,238	964	2,299	920	880	829	1,848
Operating Profit	3,466	4,795	6,773	6,759	6,327	5,177	4,191	6,093	6,752	7,683	6,852
OPM %	88.70%	87.37%	90.54%	79.72%	83.64%	84.30%	64.57%	86.88%	88.47%	90.27%	78.76%
	0	1	4	8	19	5	1,128	194	352	400	-1
Interest	2,644	3,537	5,167	5,876	5,101	4,066	3,901	4,264	4,553	5,013	5,106
Depreciation	19	24	31	66	59	53	51	51	56	66	68
Profit before Tax	804	1,235	1,578	825	1,187	1,063	1,367	1,972	2,496	3,004	3,033
Tax %	34.86%	31.79%	31.47%	17.30%	22.04%	22.66%	22.72%	22.53%	21.91%	22.50%	22.49%
Net Profit	524	842	1,081	682	925	822	1,056	1,527	1,949	2,328	2,351
EPS	36.15	50.00	64.22	40.55	54.98	48.67	53.69	58.81	74.98	89.34	—
Dividend Payout %	18.98%	17.80%	13.94%	0.00%	0.00%	0.00%	0.00%	0.00%	6.67%	8.95%	—

COMPOUNDED SALES GROWTH

10 Years:: 12%
5 Years:: 2%
3 Years:: 9%

COMPOUNDED PROFIT GROWTH

10 Years:: 22%
5 Years:: 20%
3 Years:: 30%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 18%
3 Years:: 21%
1 Year:: 46%

RETURN ON EQUITY

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

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	166	167	167	168	168	169	169	260	260	261
	5,412	6,374	7,211	7,712	8,626	9,576	10,734	14,626	16,523	18,913
	34,867	55,428	73,882	68,843	60,581	54,406	54,742	55,314	62,520	71,450
Trade Payables	94	124	132	84	28	27	44	47	25	14
	2,421	1,316	2,306	1,793	1,501	1,428	1,054	2,512	3,727	3,441
Total Liabilities	42,960	63,409	83,699	78,599	70,903	65,606	66,743	72,760	83,054	94,079
	58	75	102	250	180	149	145	206	238	273
Capital Work in Progress	2	8	4	1	0	0	0	5	5	1
	3,280	2,413	4,457	2,048	2,033	3,472	3,188	4,345	3,381	2,777
	0	0	0	0	0	0	0	52	50	47
Cash & Bank	151	2,817	4,026	8,513	6,906	5,115	3,693	2,499	3,465	3,239
	39,468	58,096	75,110	67,787	61,783	56,870	59,717	65,652	75,915	87,742
Total Assets	42,960	63,409	83,699	78,599	70,903	65,606	66,743	72,760	83,054	94,079

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-12,135	-15,190	-16,128	9,232	12,091	10,967	2,506	-462	-3,640	-3,881
Cash from Investing	-17	-50	-53	-62	5	-1,476	174	-1,193	757	736
Cash from Financing	12,322	18,464	17,888	-4,362	-8,177	-6,732	301	4,179	7,404	8,720
	-101	2,751	1,209	4,486	-1,606	-1,992	-1,297	-1,659	41	483

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	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

82.93

663.40

69100.05

0.00

715.28

22.63

3063.02

17.79

8.83

92.39

PIRAMALFIN

2311.65

32.42

54700.64

0.48

460.98

—

3368.27

33.52

7.74

64.47

HUDCO

175.45

8.25

35123.34

3.45

851.11

35.05

3717.17

27.10

8.41

97.08

LICHSGFIN

556.60

5.34

30616.51

1.80

1499.03

9.90

7082.59

-1.16

8.59

97.06

PNBHOUSING

1142.90

12.88

29807.28

0.70

557.34

4.47

2263.44

9.02

9.41

91.52

AADHARHFC

471.70

18.12

20670.21

0.00

282.36

19.00

992.89

17.06

11.31

75.02

SAMMAANCAP

150.05

0.00

17474.18

0.00

243.30

-27.22

1651.93

-31.18

-4.70

99.91

APTUS

258.20

13.13

12931.44

1.74

260.94

19.01

600.29

15.38

15.45

81.94

HOMEFIRST

1202.80

21.63

12576.41

0.43

1598.51

1244.52

5380.11

1086.05

11.13

77.98

CANFINHOME

787.55

9.28

10486.59

1.90

267.82

19.63

1096.15

7.43

9.14

91.29

AAVAS

1292.95

20.89

10252.36

0.00

142.48

12.34

546.02

21.42

9.97

74.58

INDIASHLTR

667.55

14.48

7287.46

1.50

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

1,699

1,766

1,748

1,801

1,813

1,868

1,923

2,030

2,064

2,168

2,110

2,170

2,252

187

190

206

156

153

130

149

125

136

174

1,541

Operating Profit

1,511

1,576

1,542

1,645

1,660

1,738

1,774

1,905

1,928

2,084

1,936

2,121

2,067

OPM %

88.97%

89.26%

88.20%

91.36%

91.57%

93.05%

92.24%

93.83%

93.42%

96.12%

91.76%

97.73%

91.77%

Other Income

-9

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

451

509

445

566

559

607

603

727

686

804

669

846

715

Tax %

21.84%

24.50%

22.17%

21.59%

21.48%

22.24%

21.83%

22.04%

22.44%

22.06%

22.10%

23.30%

22.40%

Net Profit

353

384

347

444

439

472

471

567

532

626

521

649

554

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

3,908

5,488

7,481

8,478

7,565

6,141

6,491

7,014

7,633

8,511

8,700

442

693

708

1,719

1,238

964

2,299

920

880

829

1,848

Operating Profit

3,466

4,795

6,773

6,759

6,327

5,177

4,191

6,093

6,752

7,683

6,852

OPM %

88.70%

87.37%

90.54%

79.72%

83.64%

84.30%

64.57%

86.88%

88.47%

90.27%

78.76%

1,128

194

352

400

-1

Interest

2,644

3,537

5,167

5,876

5,101

4,066

3,901

4,264

4,553

5,013

5,106

Depreciation

Profit before Tax

804

1,235

1,578

825

1,187

1,063

1,367

1,972

2,496

3,004

3,033

Tax %

34.86%

31.79%

31.47%

17.30%

22.04%

22.66%

22.72%

22.53%

21.91%

22.50%

22.49%

Net Profit

524

842

1,081

682

925

822

1,056

1,527

1,949

2,328

2,351

EPS

36.15

50.00

64.22

40.55

54.98

48.67

53.69

58.81

74.98

89.34

—

Dividend Payout %

18.98%

17.80%

13.94%

0.00%

6.67%

8.95%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

166

167

168

169

260

261

5,412

6,374

7,211

7,712

8,626

9,576

10,734

14,626

16,523

18,913

34,867

55,428

73,882

68,843

60,581

54,406

54,742

55,314

62,520

71,450

Trade Payables

124

132

2,421

1,316

2,306

1,793

1,501

1,428

1,054

2,512

3,727

3,441

Total Liabilities

42,960

63,409

83,699

78,599

70,903

65,606

66,743

72,760

83,054

94,079

102

250

180

149

145

206

238

273

Capital Work in Progress

3,280

2,413

4,457

2,048

2,033

3,472

3,188

4,345

3,381

2,777

Cash & Bank

151

2,817

4,026

8,513

6,906

5,115

3,693

2,499

3,465

3,239

39,468

58,096

75,110

67,787

61,783

56,870

59,717

65,652

75,915

87,742

Total Assets

42,960

63,409

83,699

78,599

70,903

65,606

66,743

72,760

83,054

94,079

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-12,135

-15,190

-16,128

9,232

12,091

10,967

2,506

-462

-3,640

-3,881

Cash from Investing

-17

-50

-53

-62

-1,476

174

-1,193

757

736

Cash from Financing

12,322

18,464

17,888

-4,362

-8,177

-6,732

301

4,179

7,404

8,720

-101

2,751

1,209

4,486

-1,606

-1,992

-1,297

-1,659

483

Mar 2017

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

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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