PNB Gilts Ltd.
•₹ 79.650.68%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2018 • Govt. Securities: 53.5% • T-Bills/CP/CDs: 17.5% • Corporate Bonds & Debentures: 16.5% • Mutual Fund Units: 8.3% • Unallocated (including Equity shares): 1.7% • Derivatives: 1.6% • Fixed Deposits: 1.0%
PROS
- Comfortable capital adequacy - CAR of 42.7%
- Asset quality is healthy - gross NPA of just 0.0%
- Operating margins have improved to 96.7% from 68.1%
- Attractively priced for its growth - PEG of 0.5
- Offers a healthy dividend yield of 2.5%
CONS
- Recent results are weak - TTM profit is down 73.4% versus prior year
- Company has a low return on capital employed of 6.2%
- Company has a low return on equity of 5.3% over last 3 years
- Free cash flow has been persistently negative
- Company has delivered a poor profit growth of 4.6% over past five years
- Recurring exceptional / one-off items are inflating headline profit
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BAJFINANCE | 1078.60 | 33.07 | 671531.43 | 0.56 | 6080.60 | 27.60 | 23165.45 | 20.37 | 10.87 | 70.70 |
| 2. | SHRIRAMFIN | 1104.90 | 22.97 | 259981.15 | 0.98 | 3452.77 | 59.90 | 13400.43 | 17.46 | 11.49 | 74.63 |
| 3. | JIOFIN | 242.70 | 77.55 | 160258.25 | 0.25 | 830.25 | 155.73 | 2004.47 | 227.28 | 2.11 | 69.71 |
| 4. | CHOLAFIN | 1866.25 | 27.72 | 159390.07 | 0.11 | 1656.22 | 45.56 | 8856.29 | 21.89 | 9.70 | 70.07 |
| 5. | TATACAP | 365.15 | 28.68 | 155001.39 | 0.16 | 16281.80 | 1464.16 | 88219.30 | 1051.00 | 8.66 | 75.72 |
| 6. | BAJAJHLDNG | 11322.85 | 14.23 | 126015.97 | 1.72 | 2708.08 | -92.27 | 394.33 | 23.34 | 14.81 | 684.72 |
| 7. | MUTHOOTFIN | 2859.20 | 10.09 | 114787.87 | 1.05 | 2824.84 | 43.08 | 8671.60 | 36.25 | 15.87 | 83.76 |
| 8. | ABCAPITAL | 396.75 | 26.46 | 108592.29 | 0.00 | 1223.85 | 43.85 | 12179.54 | 137.84 | 8.82 | 41.91 |
| 9. | LTF | 315.00 | 24.80 | 78940.44 | 0.87 | 915.99 | 30.70 | 5212.92 | 22.38 | 8.54 | 62.13 |
| 10. | SBICARD | 626.30 | 0.00 | 59601.37 | 0.40 | 664.44 | 19.51 | 5040.55 | 7.60 | 11.75 | 29.83 |
| 11. | HDBFS | 681.15 | 26.00 | 56579.31 | 0.59 | 785.20 | 38.31 | 4937.90 | 18.71 | 9.09 | 57.98 |
| 12. | PNBGILTS | 78.76 | 0.00 | 1417.76 | 2.54 | 80.70 | -49.59 | 454.56 | 11.80 | 6.82 | 96.66 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 376 | 347 | 385 | 418 | 409 | 390 | 362 | 360 | 407 | 443 | 425 | 424 | 455 | |
| 13 | 67 | 34 | 13 | 14 | 12 | 59 | 12 | 26 | 152 | 30 | 93 | 347 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 354 | 325 | 361 | 371 | 355 | 336 | 315 | 307 | 324 | 345 | 327 | 316 | 331 |
| Depreciation | 4 | 4 | 4 | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 72 | -49 | -10 | 86 | 71 | 153 | -12 | 99 | 213 | -53 | 68 | 14 | 108 | |
| Tax % | 19.38% | 15.60% | -47.33% | 21.02% | 24.60% | 24.82% | 13.22% | 24.37% | 24.85% | 14.82% | 20.33% | 8.26% | 25.46% |
| Net Profit | 58 | -41 | -15 | 68 | 53 | 115 | -10 | 75 | 160 | -45 | 54 | 13 | 81 |
| 3 | -2 | -1 | 4 | 3 | 6 | -1 | 4 | 9 | -3 | 3 | 1 | 0 | |
| Equity Capital | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 376
- 13
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 354
- Depreciation
- 4
- 72
- Tax %
- 19.38%
- Net Profit
- 58
- 3
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 347
- 67
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 325
- Depreciation
- 4
- -49
- Tax %
- 15.60%
- Net Profit
- -41
- -2
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 385
- 34
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 361
- Depreciation
- 4
- -10
- Tax %
- -47.33%
- Net Profit
- -15
- -1
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 418
- 13
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 371
- Depreciation
- 4
- 86
- Tax %
- 21.02%
- Net Profit
- 68
- 4
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 409
- 14
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 355
- Depreciation
- 1
- 71
- Tax %
- 24.60%
- Net Profit
- 53
- 3
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 390
- 12
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 336
- Depreciation
- 1
- 153
- Tax %
- 24.82%
- Net Profit
- 115
- 6
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 362
- 59
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 315
- Depreciation
- 1
- -12
- Tax %
- 13.22%
- Net Profit
- -10
- -1
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 360
- 12
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 307
- Depreciation
- 1
- 99
- Tax %
- 24.37%
- Net Profit
- 75
- 4
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 407
- 26
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 324
- Depreciation
- 1
- 213
- Tax %
- 24.85%
- Net Profit
- 160
- 9
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 443
- 152
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 345
- Depreciation
- 1
- -53
- Tax %
- 14.82%
- Net Profit
- -45
- -3
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 425
- 30
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 327
- Depreciation
- 1
- 68
- Tax %
- 20.33%
- Net Profit
- 54
- 3
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 424
- 93
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 316
- Depreciation
- 1
- 14
- Tax %
- 8.26%
- Net Profit
- 13
- 1
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 455
- 347
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 331
- Depreciation
- 1
- 108
- Tax %
- 25.46%
- Net Profit
- 81
- 0
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 180
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 366 | 503 | 402 | 521 | 926 | 1,052 | 1,051 | 1,230 | 1,583 | 1,680 | 1,747 | |
| 39 | 21 | 70 | 35 | 72 | 31 | 336 | 346 | 61 | 55 | 622 | |
| Operating Profit | 328 | 483 | 333 | 487 | 855 | 1,022 | 716 | 884 | 1,524 | 1,627 | — |
| OPM % | 89 | 96 | 83 | 93 | 92 | 97 | 68 | 72 | 96 | 97 | — |
| Other Income | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 0 |
| Interest | 276 | 226 | 331 | 404 | 522 | 397 | 513 | 976 | 1,414 | 1,315 | 1,319 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 15 | 3 | 3 |
| 51 | 257 | 1 | 83 | 250 | 614 | 210 | -85 | 99 | 311 | 137 | |
| Tax % | 33 | 35 | -7 | 36 | 25 | 26 | 21 | 9 | 30 | 25 | 25 |
| Net Profit | 34 | 167 | 1 | 53 | 186 | 454 | 166 | -77 | 69 | 233 | 102 |
| EPS | 0 | 0 | 0 | 0 | 0 | 25 | 9 | -4 | 4 | 13 | — |
| Dividend Payout % | 57 | 27 | 1,272 | 48 | 29 | 40 | 54 | 0 | 26 | 8 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 9 | 0 | 3 | 10 | 25 | 9 | -4 | 4 | 13 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 9 | 0 | 3 | 10 | 25 | 9 | -4 | 4 | 13 | — |
Mar 2016
- 366
- 39
- Operating Profit
- 328
- OPM %
- 89
- Other Income
- 0
- Interest
- 276
- Depreciation
- 0
- 51
- Tax %
- 33
- Net Profit
- 34
- EPS
- 0
- Dividend Payout %
- 57
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2017
- 503
- 21
- Operating Profit
- 483
- OPM %
- 96
- Other Income
- 0
- Interest
- 226
- Depreciation
- 0
- 257
- Tax %
- 35
- Net Profit
- 167
- EPS
- 0
- Dividend Payout %
- 27
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2018
- 402
- 70
- Operating Profit
- 333
- OPM %
- 83
- Other Income
- 0
- Interest
- 331
- Depreciation
- 0
- 1
- Tax %
- -7
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 1,272
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2019
- 521
- 35
- Operating Profit
- 487
- OPM %
- 93
- Other Income
- 0
- Interest
- 404
- Depreciation
- 0
- 83
- Tax %
- 36
- Net Profit
- 53
- EPS
- 0
- Dividend Payout %
- 48
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2020
- 926
- 72
- Operating Profit
- 855
- OPM %
- 92
- Other Income
- 1
- Interest
- 522
- Depreciation
- 1
- 250
- Tax %
- 25
- Net Profit
- 186
- EPS
- 0
- Dividend Payout %
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2021
- 1,052
- 31
- Operating Profit
- 1,022
- OPM %
- 97
- Other Income
- 1
- Interest
- 397
- Depreciation
- 2
- 614
- Tax %
- 26
- Net Profit
- 454
- EPS
- 25
- Dividend Payout %
- 40
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
Mar 2022
- 1,051
- 336
- Operating Profit
- 716
- OPM %
- 68
- Other Income
- 1
- Interest
- 513
- Depreciation
- 1
- 210
- Tax %
- 21
- Net Profit
- 166
- EPS
- 9
- Dividend Payout %
- 54
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2023
- 1,230
- 346
- Operating Profit
- 884
- OPM %
- 72
- Other Income
- 1
- Interest
- 976
- Depreciation
- 1
- -85
- Tax %
- 9
- Net Profit
- -77
- EPS
- -4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -4
Mar 2024
- 1,583
- 61
- Operating Profit
- 1,524
- OPM %
- 96
- Other Income
- 2
- Interest
- 1,414
- Depreciation
- 15
- 99
- Tax %
- 30
- Net Profit
- 69
- EPS
- 4
- Dividend Payout %
- 26
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2025
- 1,680
- 55
- Operating Profit
- 1,627
- OPM %
- 97
- Other Income
- 2
- Interest
- 1,315
- Depreciation
- 3
- 311
- Tax %
- 25
- Net Profit
- 233
- EPS
- 13
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
TTM
- 1,747
- 622
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1,319
- Depreciation
- 3
- 137
- Tax %
- 25
- Net Profit
- 102
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 15%
- 5 Years:
- 13%
- 3 Years:
- 17%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 10%
- 5 Years:
- 5%
- 3 Years:
- 12%
STOCK PRICE CAGR
- 10 Years:
- 11%
- 5 Years:
- 4%
- 3 Years:
- 8%
- 1 Year:
- -26%
RETURN ON EQUITY
- 10 Years:
- 12%
- 5 Years:
- 13%
- 3 Years:
- 5%
- Last Year:
- 16%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 |
| 552 | 719 | 677 | 708 | 863 | 1,136 | 1,247 | 1,080 | 1,150 | 1,365 | |
| 4,921 | 3,514 | 4,369 | 8,234 | 12,164 | 9,863 | 14,530 | 19,238 | 22,399 | 22,381 | |
| Trade Payables | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 7 | 1 | 1 |
| 117 | 152 | 13 | 399 | 1,050 | 959 | 790 | 982 | 795 | 774 | |
| Total Liabilities | 5,769 | 4,565 | 5,239 | 9,521 | 14,258 | 12,140 | 16,749 | 21,487 | 24,525 | 24,701 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 3 | 3 | 3 | 3 | 4 | 3 | 3 | 7 | 7 | 5 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 |
| 640 | 443 | 4,999 | 8,818 | 12,965 | 10,907 | 15,267 | 18,518 | 23,008 | 23,165 | |
| 4,961 | 3,885 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cash & Bank | 21 | 1 | 106 | 106 | 6 | 8 | 52 | 318 | 298 | 262 |
| 144 | 233 | 131 | 595 | 1,284 | 1,222 | 1,427 | 2,643 | 1,212 | 1,268 | |
| Total Assets | 5,769 | 4,565 | 5,239 | 9,521 | 14,258 | 12,140 | 16,749 | 21,487 | 24,525 | 24,701 |
| Total Debt | 4,921 | 3,514 | 4,369 | 8,234 | 12,164 | 9,863 | 14,530 | 19,238 | 22,399 | 22,381 |
| Net Working Capital | 79 | 439 | -4,172 | -7,952 | 988 | 1,231 | -848 | -2,470 | -1,541 | 281 |
| Contingent Liabilities | 6 | 9 | 8 | 9 | 11 | 2 | 3 | 11 | 11 | 11 |
| Book Value per Share | 40.65 | 49.93 | 47.61 | 49.31 | 57.92 | 73.13 | 79.29 | 70.00 | 73.87 | 85.84 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 4,921 | 3,514 | 4,369 | 8,234 | 12,164 | 9,863 | 14,530 | 19,238 | 22,399 | 22,381 |
| Net Working Capital | 79 | 439 | -4,172 | -7,952 | 988 | 1,231 | -848 | -2,470 | -1,541 | 281 |
| Contingent Liabilities | 6 | 9 | 8 | 9 | 11 | 2 | 3 | 11 | 11 | 11 |
| Book Value per Share | 40.65 | 49.93 | 47.61 | 49.31 | 57.92 | 73.13 | 79.29 | 70.00 | 73.87 | 85.84 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 180
- 552
- 4,921
- Trade Payables
- 0
- 117
- Total Liabilities
- 5,769
- 3
- Capital Work in Progress
- 0
- 640
- 4,961
- 0
- Cash & Bank
- 21
- 144
- Total Assets
- 5,769
- Total Debt
- 4,921
- Net Working Capital
- 79
- Contingent Liabilities
- 6
- Book Value per Share
- 40.65
- Face Value
- 10.00
- Total Debt
- 4,921
- Net Working Capital
- 79
- Contingent Liabilities
- 6
- Book Value per Share
- 40.65
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 180
- 719
- 3,514
- Trade Payables
- 0
- 152
- Total Liabilities
- 4,565
- 3
- Capital Work in Progress
- 0
- 443
- 3,885
- 0
- Cash & Bank
- 1
- 233
- Total Assets
- 4,565
- Total Debt
- 3,514
- Net Working Capital
- 439
- Contingent Liabilities
- 9
- Book Value per Share
- 49.93
- Face Value
- 10.00
- Total Debt
- 3,514
- Net Working Capital
- 439
- Contingent Liabilities
- 9
- Book Value per Share
- 49.93
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 180
- 677
- 4,369
- Trade Payables
- 0
- 13
- Total Liabilities
- 5,239
- 3
- Capital Work in Progress
- 0
- 4,999
- 0
- 0
- Cash & Bank
- 106
- 131
- Total Assets
- 5,239
- Total Debt
- 4,369
- Net Working Capital
- -4,172
- Contingent Liabilities
- 8
- Book Value per Share
- 47.61
- Face Value
- 10.00
- Total Debt
- 4,369
- Net Working Capital
- -4,172
- Contingent Liabilities
- 8
- Book Value per Share
- 47.61
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 180
- 708
- 8,234
- Trade Payables
- 1
- 399
- Total Liabilities
- 9,521
- 3
- Capital Work in Progress
- 0
- 8,818
- 0
- 0
- Cash & Bank
- 106
- 595
- Total Assets
- 9,521
- Total Debt
- 8,234
- Net Working Capital
- -7,952
- Contingent Liabilities
- 9
- Book Value per Share
- 49.31
- Face Value
- 10.00
- Total Debt
- 8,234
- Net Working Capital
- -7,952
- Contingent Liabilities
- 9
- Book Value per Share
- 49.31
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 180
- 863
- 12,164
- Trade Payables
- 1
- 1,050
- Total Liabilities
- 14,258
- 4
- Capital Work in Progress
- 0
- 12,965
- 0
- 0
- Cash & Bank
- 6
- 1,284
- Total Assets
- 14,258
- Total Debt
- 12,164
- Net Working Capital
- 988
- Contingent Liabilities
- 11
- Book Value per Share
- 57.92
- Face Value
- 10.00
- Total Debt
- 12,164
- Net Working Capital
- 988
- Contingent Liabilities
- 11
- Book Value per Share
- 57.92
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 180
- 1,136
- 9,863
- Trade Payables
- 1
- 959
- Total Liabilities
- 12,140
- 3
- Capital Work in Progress
- 0
- 10,907
- 0
- 0
- Cash & Bank
- 8
- 1,222
- Total Assets
- 12,140
- Total Debt
- 9,863
- Net Working Capital
- 1,231
- Contingent Liabilities
- 2
- Book Value per Share
- 73.13
- Face Value
- 10.00
- Total Debt
- 9,863
- Net Working Capital
- 1,231
- Contingent Liabilities
- 2
- Book Value per Share
- 73.13
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 180
- 1,247
- 14,530
- Trade Payables
- 2
- 790
- Total Liabilities
- 16,749
- 3
- Capital Work in Progress
- 0
- 15,267
- 0
- 0
- Cash & Bank
- 52
- 1,427
- Total Assets
- 16,749
- Total Debt
- 14,530
- Net Working Capital
- -848
- Contingent Liabilities
- 3
- Book Value per Share
- 79.29
- Face Value
- 10.00
- Total Debt
- 14,530
- Net Working Capital
- -848
- Contingent Liabilities
- 3
- Book Value per Share
- 79.29
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 180
- 1,080
- 19,238
- Trade Payables
- 7
- 982
- Total Liabilities
- 21,487
- 7
- Capital Work in Progress
- 2
- 18,518
- 0
- 0
- Cash & Bank
- 318
- 2,643
- Total Assets
- 21,487
- Total Debt
- 19,238
- Net Working Capital
- -2,470
- Contingent Liabilities
- 11
- Book Value per Share
- 70.00
- Face Value
- 10.00
- Total Debt
- 19,238
- Net Working Capital
- -2,470
- Contingent Liabilities
- 11
- Book Value per Share
- 70.00
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 180
- 1,150
- 22,399
- Trade Payables
- 1
- 795
- Total Liabilities
- 24,525
- 7
- Capital Work in Progress
- 0
- 23,008
- 0
- 0
- Cash & Bank
- 298
- 1,212
- Total Assets
- 24,525
- Total Debt
- 22,399
- Net Working Capital
- -1,541
- Contingent Liabilities
- 11
- Book Value per Share
- 73.87
- Face Value
- 10.00
- Total Debt
- 22,399
- Net Working Capital
- -1,541
- Contingent Liabilities
- 11
- Book Value per Share
- 73.87
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 180
- 1,365
- 22,381
- Trade Payables
- 1
- 774
- Total Liabilities
- 24,701
- 5
- Capital Work in Progress
- 0
- 23,165
- 0
- 0
- Cash & Bank
- 262
- 1,268
- Total Assets
- 24,701
- Total Debt
- 22,381
- Net Working Capital
- 281
- Contingent Liabilities
- 11
- Book Value per Share
- 85.84
- Face Value
- 10.00
- Total Debt
- 22,381
- Net Working Capital
- 281
- Contingent Liabilities
- 11
- Book Value per Share
- 85.84
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1,088 | 1,213 | -800 | -3,843 | -3,898 | 2,483 | -4,564 | -4,638 | -2,875 | -197 | |
| Cash from Investing | -313 | 197 | -0 | -0 | -1 | -1 | -1 | -14 | -1 | -1 |
| Cash from Financing | 1,030 | -1,431 | 800 | 3,844 | 3,900 | -2,481 | 4,613 | 4,618 | 3,159 | -38 |
| -370 | -20 | 0 | -0 | 1 | 1 | 49 | -35 | 283 | -236 | |
| Free Cash Flow | -1,088 | 1,213 | -800 | -3,844 | -3,900 | 2,482 | -4,564 | -4,645 | -2,889 | -198 |
| OCF / Net Profit | -31.53 | 7.26 | -565.61 | -72.71 | -20.92 | 5.47 | -27.54 | 60.06 | -41.42 | -0.84 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -8,418 | -4,848 | -10,625 | -14,470 | -13,515 | -9,813 |
| OCF / Net Profit | -31.53 | 7.26 | -565.61 | -72.71 | -20.92 | 5.47 | -27.54 | 60.06 | -41.42 | -0.84 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -8,418 | -4,848 | -10,625 | -14,470 | -13,515 | -9,813 |
Mar 2016
- -1,088
- Cash from Investing
- -313
- Cash from Financing
- 1,030
- -370
- Free Cash Flow
- -1,088
- OCF / Net Profit
- -31.53
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -31.53
- Cumulative 5-Year FCF
- 0
Mar 2017
- 1,213
- Cash from Investing
- 197
- Cash from Financing
- -1,431
- -20
- Free Cash Flow
- 1,213
- OCF / Net Profit
- 7.26
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 7.26
- Cumulative 5-Year FCF
- 0
Mar 2018
- -800
- Cash from Investing
- -0
- Cash from Financing
- 800
- 0
- Free Cash Flow
- -800
- OCF / Net Profit
- -565.61
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -565.61
- Cumulative 5-Year FCF
- 0
Mar 2019
- -3,843
- Cash from Investing
- -0
- Cash from Financing
- 3,844
- -0
- Free Cash Flow
- -3,844
- OCF / Net Profit
- -72.71
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -72.71
- Cumulative 5-Year FCF
- 0
Mar 2020
- -3,898
- Cash from Investing
- -1
- Cash from Financing
- 3,900
- 1
- Free Cash Flow
- -3,900
- OCF / Net Profit
- -20.92
- Cumulative 5-Year FCF
- -8,418
- OCF / Net Profit
- -20.92
- Cumulative 5-Year FCF
- -8,418
Mar 2021
- 2,483
- Cash from Investing
- -1
- Cash from Financing
- -2,481
- 1
- Free Cash Flow
- 2,482
- OCF / Net Profit
- 5.47
- Cumulative 5-Year FCF
- -4,848
- OCF / Net Profit
- 5.47
- Cumulative 5-Year FCF
- -4,848
Mar 2022
- -4,564
- Cash from Investing
- -1
- Cash from Financing
- 4,613
- 49
- Free Cash Flow
- -4,564
- OCF / Net Profit
- -27.54
- Cumulative 5-Year FCF
- -10,625
- OCF / Net Profit
- -27.54
- Cumulative 5-Year FCF
- -10,625
Mar 2023
- -4,638
- Cash from Investing
- -14
- Cash from Financing
- 4,618
- -35
- Free Cash Flow
- -4,645
- OCF / Net Profit
- 60.06
- Cumulative 5-Year FCF
- -14,470
- OCF / Net Profit
- 60.06
- Cumulative 5-Year FCF
- -14,470
Mar 2024
- -2,875
- Cash from Investing
- -1
- Cash from Financing
- 3,159
- 283
- Free Cash Flow
- -2,889
- OCF / Net Profit
- -41.42
- Cumulative 5-Year FCF
- -13,515
- OCF / Net Profit
- -41.42
- Cumulative 5-Year FCF
- -13,515
Mar 2025
- -197
- Cash from Investing
- -1
- Cash from Financing
- -38
- -236
- Free Cash Flow
- -198
- OCF / Net Profit
- -0.84
- Cumulative 5-Year FCF
- -9,813
- OCF / Net Profit
- -0.84
- Cumulative 5-Year FCF
- -9,813
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 1.92 | 9.29 | 0.08 | 2.94 | 10.35 | 25.23 | 9.21 | -4.29 | 3.86 | 12.95 |
| Book Value (₹) | 40.65 | 49.93 | 47.61 | 49.31 | 57.92 | 73.13 | 79.29 | 70.00 | 73.87 | 85.84 |
| Dividend per Share (₹) | 1.10 | 2.50 | 1.00 | 1.40 | 3.00 | 10.00 | 5.00 | 0.00 | 1.00 | 1.00 |
| Cash EPS (₹) | 1.94 | 9.31 | 0.11 | 2.96 | 10.43 | 25.33 | 9.27 | -4.21 | 4.71 | 13.14 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 89.40% | 95.91% | 82.66% | 93.42% | 92.34% | 97.11% | 68.14% | 71.88% | 96.14% | 96.70% |
| Net Margin % | 9.41% | 33.22% | 0.35% | 10.14% | 20.13% | 43.17% | 15.77% | -6.28% | 4.38% | 13.87% |
| ROE % | 4.75% | 20.51% | 0.16% | 6.06% | 19.31% | 38.50% | 12.08% | -5.75% | 5.36% | 16.21% |
| ROCE % | 6.39% | 9.58% | 6.89% | 6.78% | 6.92% | 8.29% | 5.33% | 4.89% | 6.84% | 6.82% |
| 0.66% | 3.24% | 0.03% | 0.72% | 1.57% | 3.44% | 1.15% | -0.40% | 0.30% | 0.95% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 4381 | 3208 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4381 | 3208 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 6.73x | 3.91x | 5.10x | 9.28x | 11.67x | 7.49x | 10.18x | 15.27x | 16.84x | 14.48x |
| Interest Coverage (x) | 1.19x | 2.14x | 1.00x | 1.21x | 1.48x | 2.55x | 1.41x | 0.91x | 1.07x | 1.24x |
| 1.02x | 1.12x | 0.05x | 0.08x | 1.07x | 1.11x | 0.94x | 0.88x | 0.93x | 1.01x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -10.58% | 37.32% | -20.05% | 29.60% | 77.56% | 13.64% | -0.12% | 17.04% | 28.76% | 6.12% |
| Operating Profit Growth % | -16.86% | 47.33% | -31.10% | 46.47% | 75.49% | 19.51% | -29.92% | 23.47% | 72.44% | 6.76% |
| Net Profit Growth % | -60.92% | 384.61% | -99.15% | 3637.38% | 252.56% | 143.68% | -63.51% | -146.60% | 189.88% | 235.73% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 189.88% | 235.73% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 28.40x | 6.22x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.48x | 0.94x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.91% | 1.24% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 15.79x | 14.48x |
Mar 2016
- EPS (₹)
- 1.92
- Book Value (₹)
- 40.65
- Dividend per Share (₹)
- 1.10
- Cash EPS (₹)
- 1.94
- Operating Margin %
- 89.40%
- Net Margin %
- 9.41%
- ROE %
- 4.75%
- ROCE %
- 6.39%
- 0.66%
- Debtor Days
- 0
- Inventory Days
- 4381
- Payable Days
- 0
- 4381
- Debt to Equity (x)
- 6.73x
- Interest Coverage (x)
- 1.19x
- 1.02x
- Revenue Growth %
- -10.58%
- Operating Profit Growth %
- -16.86%
- Net Profit Growth %
- -60.92%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 9.29
- Book Value (₹)
- 49.93
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 9.31
- Operating Margin %
- 95.91%
- Net Margin %
- 33.22%
- ROE %
- 20.51%
- ROCE %
- 9.58%
- 3.24%
- Debtor Days
- 0
- Inventory Days
- 3208
- Payable Days
- 0
- 3208
- Debt to Equity (x)
- 3.91x
- Interest Coverage (x)
- 2.14x
- 1.12x
- Revenue Growth %
- 37.32%
- Operating Profit Growth %
- 47.33%
- Net Profit Growth %
- 384.61%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 0.08
- Book Value (₹)
- 47.61
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 0.11
- Operating Margin %
- 82.66%
- Net Margin %
- 0.35%
- ROE %
- 0.16%
- ROCE %
- 6.89%
- 0.03%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 5.10x
- Interest Coverage (x)
- 1.00x
- 0.05x
- Revenue Growth %
- -20.05%
- Operating Profit Growth %
- -31.10%
- Net Profit Growth %
- -99.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 2.94
- Book Value (₹)
- 49.31
- Dividend per Share (₹)
- 1.40
- Cash EPS (₹)
- 2.96
- Operating Margin %
- 93.42%
- Net Margin %
- 10.14%
- ROE %
- 6.06%
- ROCE %
- 6.78%
- 0.72%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 9.28x
- Interest Coverage (x)
- 1.21x
- 0.08x
- Revenue Growth %
- 29.60%
- Operating Profit Growth %
- 46.47%
- Net Profit Growth %
- 3637.38%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 10.35
- Book Value (₹)
- 57.92
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 10.43
- Operating Margin %
- 92.34%
- Net Margin %
- 20.13%
- ROE %
- 19.31%
- ROCE %
- 6.92%
- 1.57%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 11.67x
- Interest Coverage (x)
- 1.48x
- 1.07x
- Revenue Growth %
- 77.56%
- Operating Profit Growth %
- 75.49%
- Net Profit Growth %
- 252.56%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 25.23
- Book Value (₹)
- 73.13
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 25.33
- Operating Margin %
- 97.11%
- Net Margin %
- 43.17%
- ROE %
- 38.50%
- ROCE %
- 8.29%
- 3.44%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 7.49x
- Interest Coverage (x)
- 2.55x
- 1.11x
- Revenue Growth %
- 13.64%
- Operating Profit Growth %
- 19.51%
- Net Profit Growth %
- 143.68%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 9.21
- Book Value (₹)
- 79.29
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 9.27
- Operating Margin %
- 68.14%
- Net Margin %
- 15.77%
- ROE %
- 12.08%
- ROCE %
- 5.33%
- 1.15%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 10.18x
- Interest Coverage (x)
- 1.41x
- 0.94x
- Revenue Growth %
- -0.12%
- Operating Profit Growth %
- -29.92%
- Net Profit Growth %
- -63.51%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -4.29
- Book Value (₹)
- 70.00
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -4.21
- Operating Margin %
- 71.88%
- Net Margin %
- -6.28%
- ROE %
- -5.75%
- ROCE %
- 4.89%
- -0.40%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 15.27x
- Interest Coverage (x)
- 0.91x
- 0.88x
- Revenue Growth %
- 17.04%
- Operating Profit Growth %
- 23.47%
- Net Profit Growth %
- -146.60%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 3.86
- Book Value (₹)
- 73.87
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 4.71
- Operating Margin %
- 96.14%
- Net Margin %
- 4.38%
- ROE %
- 5.36%
- ROCE %
- 6.84%
- 0.30%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 16.84x
- Interest Coverage (x)
- 1.07x
- 0.93x
- Revenue Growth %
- 28.76%
- Operating Profit Growth %
- 72.44%
- Net Profit Growth %
- 189.88%
- 189.88%
- P/E (x)
- 28.40x
- P/B (x)
- 1.48x
- Dividend Yield %
- 0.91%
- 15.79x
Mar 2025
- EPS (₹)
- 12.95
- Book Value (₹)
- 85.84
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 13.14
- Operating Margin %
- 96.70%
- Net Margin %
- 13.87%
- ROE %
- 16.21%
- ROCE %
- 6.82%
- 0.95%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 14.48x
- Interest Coverage (x)
- 1.24x
- 1.01x
- Revenue Growth %
- 6.12%
- Operating Profit Growth %
- 6.76%
- Net Profit Growth %
- 235.73%
- 235.73%
- P/E (x)
- 6.22x
- P/B (x)
- 0.94x
- Dividend Yield %
- 1.24%
- 14.48x
Documents
Announcements
- Resignation of Director/KMP/SMP
2026-08-07 - PNB GILTS LTD. has informed the Exchange about Resignation of Director/KMP/SMP
- Resignation
2026-08-07 - PNB GILTS LTD. has informed the Exchange regarding Resignation of Mr. Bibhu Prasad Mahapatra as Non-Executive Non-Independent Director and Chairman of the company immediate effect (close of business hours) i.e. August 07, 2026.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.