āagman

Not investment advice. Data and computed figures, for information only.

PNB Housing Finance Ltd

NSE: PNBHOUSINGF&O
₹1,183.90
−₹16.10 (−1.34%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹30,201 Cr
CMP
₹1,183.90
52-wk High / Low
₹1,225 / 730
P/E
13.0
P/B
1.6
Book Value
₹738.0
Div Yield
0.69%
ROCE
9.4%
ROE
13.0%
Face Value
₹10
D/E
3.70

Price+38.7% over 1Y

āagman read

Computed by āagman
Derived from 9 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
2
/ 9
2 of 9 F-score tests passed
Graham Number
₹1,208
√(22.5 × EPS × book value per share)
Cash flow to profit
−3.92
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Sustainable growth
11.8%
ROE × earnings retention ratio
ROE stability
1.3
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.01FII +0.21DII +1.64
Latest quarter vs the previous one
Cash-accrual divergence
12.8%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.2x)
+Price is within 10% of its 52-week high (-3.3%)
+PE of 13x is below the sector median of 20.4x
Watch-outs
−Promoter holding fell by 4.5pp over the last year
−Piotroski F-Score of 2/9 is in the weak band (≤3)
−Balance-sheet accruals of 12.8% of average assets — earnings are not cash-backed

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,7081,7781,7551,8101,8231,8791,9422,0222,0762,1282,1192,1822,263
Expenses2012042161701681431551331458818352192
Operating Profit—————————————
OPM %—————————————
Other Income021491115632−102
Interest1,0481,0571,0871,0701,0971,1181,1581,1781,2341,2671,2531,2461,339
Depreciation13111314131414141516161916
Profit before tax447507440560554605616711688760668855718
Net Profit347383338439433470483550534582520656557
EPS (₹)13.3814.7513.0316.9116.6618.0818.6021.1720.5122.3319.9725.1721.39

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 9 years + TTM
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5,4897,6798,4827,6046,1966,5277,0537,6858,4948,692
Expenses6937501,7371,2549981,217789598467515
Operating Profit——————————
OPM %——————————
Other Income04716524610−3
Interest3,5375,1675,8755,1004,0653,9004,2634,5525,0015,104
Depreciation24316659535151566668
Profit before tax1,2351,7348111,2071,0841,3611,9542,4862,9713,001
Net Profit8411,1926469308361,0461,5081,9362,2912,315
EPS (₹)32.8646.2925.0035.9632.2840.3158.0674.4987.9488.86

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital167167168168169169260260261—
Reserves6,4017,3767,8308,7559,70310,84514,71516,60318,959—
Other Liabilities2,6704,4663,1973,0772,8972,2382,4143,3483,094—
Total Liabilities63,01483,86978,93071,39265,73066,87472,40582,52093,512—
Fixed Assets76103251181150146207239274—
CWIP105424315166—
Investments2,4134,5612,0762,0453,4833,1964,3463,3812,779—
Other Assets60,51679,20076,59969,16462,09363,52867,83778,88490,453—
Total Assets63,01483,86978,93071,39265,73066,87472,40582,52093,512—
Borrowing53,77771,85967,73559,39252,96153,62155,01762,31071,199—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−15,664−16,6178,9286,7926,254−1,865−4,662−8,057−8,984
Cash from Investing Activity−50−54−63−6−1,475176−1,186757684
Cash from Financing Activity18,46417,888−4,386−8,332−6,7323014,1797,4048,720
Net Cash Flow2,7511,2174,480−1,546−1,953−1,388−1,669104421

Ratios

As of 31 Mar 2026
9 periods
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %————————9.4
ROE %13.017.08.011.09.010.012.012.013.0
EPS (₹)32.8646.2925.0035.9632.2840.3158.0674.4987.94
Book Value (₹)————————738.0
Face Value (₹)————————10
P/E————————13.0
Div Yield %————————0.69
NPM %15.315.57.612.213.516.021.425.226.9
OPM %—————————
D/E8.199.538.476.665.364.873.673.703.70
P/B————————1.6

Growth

As of 11 Oct 2026
Compounded sales growth
5 years+2.0%
3 years+9.0%
TTM+10.0%
Compounded profit growth
5 years+20.0%
3 years+30.0%
TTM+14.0%
Stock price CAGR
5 years+17.0%
3 years+16.0%
Last year+36.0%
Return on equity
5 years11.0%
3 years12.0%
Last year13.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters39.08%39.08%32.96%32.79%32.65%32.64%32.57%32.52%28.13%28.10%28.04%28.03%
FIIs15.35%15.35%16.33%19.91%21.80%24.51%23.96%24.29%25.00%21.45%16.60%16.81%
DIIs4.11%4.11%7.64%8.90%6.34%3.31%2.33%3.65%6.88%29.88%44.07%45.71%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.02%0.02%
Public41.46%41.46%43.06%38.40%39.21%39.55%41.14%39.53%39.98%20.57%11.28%9.42%
No. of shareholders1,01,0151,01,01597,96090,5221,01,1161,05,9021,19,1871,08,2691,33,1771,82,0701,92,5121,71,742
Change since Jun 2023 (pp)
Promoters −11.05FIIs +1.46DIIs +41.60Public −32.04

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Credit RatingClosure of Trading WindowAnnouncement under Regulation 30 (LODR)-Credit RatingAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingApr 2026TranscriptApr 2026PPTApr 2026RecordingApr 2026PPTJan 2026TranscriptJan 2026PPTOct 2025TranscriptOct 2025PPTOct 2025Recording

Corporate actions

As of 31 Jul 2026
31 Jul 2026DIVIDENDDividend - Rs 8 Per Share—
1 Aug 2025DIVIDENDDividend - Rs 5 Per Share—
5 Apr 2023RIGHTSRights 29:54@ Premium Rs 265/-—
19 Jul 2019DIVIDEND Annual General Meeting/Dividend - Rs 9 Per Share—
19 Jul 2018DIVIDEND Dividend Rs 9/- Per Share—
25 Jul 2017DIVIDEND Annual General Meeting/ Dividend - Rs 6/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman