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PNB Housing Finance Ltd

(PNBHOUSING)

₹1075.12.4%

as on 04:01PM, 18 Sep 2024

Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 10 analysts

BUY

80.00%

Buy

10.00%

Hold

10.00%

Sell

Based on 10 analysts offering long term price targets for PNB Housing Finance Ltd. An average target of ₹1024.5

Source: S&P Global Market Intelligence

PNB Housing Finance Ltd Share analysis

PNB Housing Finance Ltd price forecast by 10 analysts

Downside of-2.42%

High

₹1520

Target

₹1024.50

Low

₹650

PNB Housing Finance Ltd target price ₹1024.5, a slight downside of -2.42% compared to current price of ₹1075.1. According to 10 analysts rating.

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹1,050
    ₹1,095.4
  • 52 Week's Low

    52 Week's High

    ₹604
    ₹1,202.2
1 Month Return+ 27.67 %
3 Month Return+ 21.41 %
1 Year Return+ 52.19 %
Previous Close₹1,049.95
Open₹1,050.00
Volume29.04L
Upper Circuit-
Lower Circuit-
Market Cap₹27,273.60Cr

Key Statistics

P/E Ratio17.11
PEG Ratio2.15
Market Cap₹27,273.60 Cr
P/B Ratio1.09
EPS58.06
Dividend Yield0
SectorFinance
ROE11.8

Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹27,273.60 Cr14.15%0.89₹1,508 Cr₹7,050 Cr
BUY₹11,735.54 Cr26.1%0.94NANA
SELL₹11,819.28 Cr-12.16%0.85₹1,214 Cr₹8,579 Cr
BUY₹10,464.94 Cr24.55%0.89NANA
NA₹49,066.57 Cr113.21%0.91₹2,116 Cr₹7,828 Cr

Company Information

PNB Housing Finance Limited is one of the premier housing finance companies in India with operations that began in 1988. Promoted by Punjab National Bank, the company provides retail and corporate loans like home loans and construction finance. PNB Housing Finance was notified under the SARFAESI Act in 2003 and by 2009, the company had crossed the Rs 1000 crore loan portfolio. In 2010, the company launched the Kshitij business process reengineering project. In 2016, PNB Housing Finance raised Rs. 3000 crore from an initial public offer and the same year marked its Assets Under Management (AUM) crossing the Rs 25000 crore milestone. The AUM further crossed the Rs 50000 crore mark in 2017 and the same year saw the company incorporating a subsidiary named PHFL Home Loans and Services. The AUM crossed the Rs 84722 crore mark in 2019 and 32 branches and 131 distribution outlets situated in 48 cities helped customers avail financial services uninterruptedly. Till 2021, the AUM has reached Rs 74469 crores and the company has 94 branches along with 111 distribution outlets. The company has further ventured into the Unnati and increased its branch count to 99 with 137 distribution outlets and opened 24 locations for Unnati by March 2022. Besides, the company borrowed Rs 30858 crores from financing sources like National Housing Bank refinance, Bank Term Loans, etc in the financial year 2019. PNB Housing Finance also became the first HFC to sign a funding of US 75 million via ECBs from JICA in 2020.

Share Price: ₹1075.10 per share as on 18 Sep, 2024 04:01 PM
Market Capitalisation: ₹27,273.60Cr as of today
Revenue: ₹0.00Cr as on June 2024 (Q2 24)
Net Profit: ₹432.81Cr as on June 2024 (Q2 24)
Listing date: 07 Nov, 2016
OrganisationPNB Housing Finance Ltd
HeadquartersGhaziabad
IndustryFinance
E-voting on sharesClick here to vote

Key events for PNB Housing Finance Ltd

  • PNB Housing Finance Shows Bullish Signs - 17 Sep, 2024

    PNB Housing Finance, supported by Punjab National Bank, is experiencing a prolonged consolidation phase. The stock has formed a rounding bottom pattern, indicating a potential transition from decline to growth.

  • Investor Recommends PNB Housing as Viable Option - 16 Sep, 2024

    Chakri Lokapriya suggests investing in PNB Housing Finance and LIC Housing Finance due to their reasonable P/B ratios, offering better value compared to Bajaj Housing Finance.

  • Singapore Government Boosts Stake in PNB Housing Finance - 13 Sep, 2024

    The Singapore government, Monetary Authority of Singapore, and Goldman Sachs increased their stakes in PNB Housing Finance for Rs 178 crore. The stock saw an 8% jump following this news, reflecting positive market sentiment.

  • PNB Housing Finance Sees Stake Acquisition and Target Upgrade - 12 Sep, 2024

    Morgan Stanley upgraded PNB Housing Finance's target price to Rs 1,500, highlighting growth potential. Meanwhile, Singapore government and Goldman Sachs increased their stakes, despite a slight share price decline.

  • PNB Housing Finance Approves NCD Issuance - 10 Sep, 2024

    PNB Housing Finance's board has approved the issuance of non-convertible debentures worth up to Rs 2,500 crore. The stock has shown strong performance, rallying 38.5% over eight weeks.

  • PNB Housing Finance Board Approves NCD Issuance - 09 Sep, 2024

    On September 9, PNB Housing Finance's board approved raising up to Rs 2,500 crore through non-convertible debentures, leading to a significant rise in share prices. The stock gained 7.48% intraday, reflecting positive investor sentiment following the announcement.

  • PNB Housing Finance Faces Front-Running Scandal - 08 Sep, 2024

    PNB Housing Finance is embroiled in a front-running scandal involving investment bankers who shared non-public information before stock sales, raising concerns about transparency.

  • PNB Housing Finance Hits 52-Week High on NCD Plans - 05 Sep, 2024

    PNB Housing Finance shares surged to a 52-week high following the announcement of plans to raise Rs 2,500 crore through non-convertible debentures. The company reported a 25% profit increase in Q1 FY25, driven by strong home loan demand.

  • PNB Housing Finance Plans ₹2,500 Crore NCD Issuance - 04 Sep, 2024

    PNB Housing Finance's board will meet on September 9, 2024, to discuss raising ₹2,500 crore through Non-Convertible Debentures, enhancing financial flexibility amid recent stake sales. The stock rose 4.99% on September 4, reflecting positive market sentiment.

  • PNB Housing Finance Reports Strong Q1 Profit Growth - 03 Sep, 2024

    PNB Housing Finance shows robust performance with a nearly 25% profit increase in Q1, driven by strong home loan demand. HDFC Securities sets a buy target of Rs 1164. CEO anticipates rising net interest margins as the company shifts focus to higher yielding retail segments.

  • PNB Housing Focuses on Affordable Housing Growth - 02 Sep, 2024

    PNB Housing Finance aims to grow its affordable loan book to ₹15,000 crore by FY27, shifting focus from super-prime loans. The lender plans to expand its branch network and restart corporate lending, while maintaining a strong retail segment.

  • PNB Housing Finance Shows Strong Bullish Momentum - 30 Aug, 2024

    PNB Housing Finance stock has broken past a significant resistance level at ₹905, indicating strong bullish momentum. Accompanied by high volumes, the stock has recaptured short-term averages and shows positive RSI across daily, weekly, and monthly charts. Investors are advised to buy and hold, with an expected upside of ₹1,000-1,120 and downside support at ₹905-880.

  • Asia Opportunities V Sells Stake in PNB Housing - 23 Aug, 2024

    Asia Opportunities V (Mauritius) divested a 3% stake in PNB Housing Finance for over ₹676 crore, decreasing its ownership from 5.19% to 2.19%. The Government of Singapore also acquired a 0.64% stake in the company.

  • Significant Stake Sales Impact PNB Housing Finance - 22 Aug, 2024

    Multiple stake sales by General Atlantic, Pioneer Fund, and Asia Opportunities V led to a decline in PNB Housing Finance's share price, reflecting market volatility.

  • PNB Housing Finance Shares Surge After Stake Sales - 21 Aug, 2024

    PNB Housing Finance shares rose over 10% following a block deal where General Atlantic sold a 5.4% stake. The Government of Singapore also acquired a stake, contributing to the stock's rally after strong quarterly earnings, with a 25% increase in net profit.

  • General Atlantic Plans Stake Sale in PNB Housing - 20 Aug, 2024

    General Atlantic Singapore Fund is set to sell a 5.1% stake in PNB Housing Finance through an open market transaction at a floor price of Rs 775 per share, aiming to raise around Rs 1,033 crore. This sale comes after PNB Housing reported a 25% increase in net profit for Q1.

  • Kejriwal Highlights PNB Housing Finance as Top Pick - 19 Aug, 2024

    Kejriwal has identified PNB Housing Finance Ltd as a top pick in the housing sector, noting its strong performance despite recent selling by a PE investor, which has led to significant stock turnover.

Insights on PNB Housing Finance Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 39.99% to 43.04% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, PNBHOUSING has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 3.37% to 5.86% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 1.75K Cr → 1.83K Cr (in ₹), with an average increase of 2.1% per quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 28.13% of holdings in Jun 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, State Bank of India has given 79.0% return, outperforming this stock by 15.1%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, PNBHOUSING stock has moved down by -5.3%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 25.01% to 17.89% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 439.25 Cr → 432.81 Cr (in ₹), with an average decrease of 1.5% per quarter

Company Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue- (-)- (-)- (-)- (-)- (-)
Net Income₹347.32Cr (-)₹383.00Cr (↑10.27%)₹338.44Cr (↓11.63%)₹439.25Cr (↑29.79%)₹432.81Cr (↓1.47%)
Net Profit Margin- (-)- (-)- (-)- (-)- (-)
Value in ₹ crore
Details2021202220232024
Total Assets₹71,332.52Cr (-)₹65,649.30Cr (↓7.97%)₹67,078.17Cr (↑2.18%)₹72,618.38Cr (↑8.26%)
Total Liabilities₹62,465.34Cr (-)₹55,848.76Cr (↓10.59%)₹56,125.60Cr (↑0.50%)₹57,686.01Cr (↑2.78%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹8,911.14Cr (-)₹6,565.56Cr (↓26.32%)₹6,216.35Cr (↓5.32%)-₹1,772.04Cr (↓128.51%)-₹4,644.14Cr (↑162.08%)

Index Inclusions

Nifty Smallcap 50

₹9,343.25

-0.38 (-35.7%)

Nifty Small 100

₹19,389.75

-0.39 (-75.8%)

S&P BSE Fin. Ser

₹11,861.53

1 (117.03%)

Nifty Smallcap 250

₹18,475.80

-0.34 (-62.5%)

S&P BSE 400 MidSmallCap

₹12,848.57

-0.62 (-80.01%)

BSE 500

₹37,668.29

-0.37 (-138.15%)

BSE Small-Cap

₹56,915.93

-0.52 (-299.02%)

S&P BSE AllCap

₹11,026.27

-0.37 (-41.39%)

S&P BSE 250 SmallCap

₹7,474.28

-0.39 (-29.58%)

Nifty MidSmallcap 400

₹20,837.05

-0.57 (-119.45%)

Nifty 500

₹23,898.65

-0.3 (-71.25%)

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
28.13%
0.00
Foreign Institutions
17.89%
-28.47
Mutual Funds
5.86%
73.87
Retail Investors
43.04%
7.62
Others
5.09%
45.17

Key Indicators

Details20202021202220232024
Earning Per Share (₹)31.8145.7541.0751.2858.06
Details20202021202220232024
Return On Equity %8.8711.018.8110.1811.8
Details20202021202220232024
Return On Assets %0.821.31.271.562.08
Details20202021202220232024
Book Value Per Share (₹)393.7439.05484.77540.02576.56

PNB Housing Finance Ltd Valuation

PNB Housing Finance Ltd in the last 5 years

  • Overview

  • Trends

Lowest (2.38x)

March 25, 2020

Today (17.11x)

September 17, 2024

Industry (28.65x)

September 17, 2024

Highest (33.92x)

May 2, 2018

LowHigh

Earnings and Dividends

  • PNB Housing Finance Ltd Earnings Results

    PNB Housing Finance Ltd’s net profit jumped 24.61% since last year same period to ₹432.81Cr in the Q1 2024-2025. On a quarterly growth basis, PNB Housing Finance Ltd has generated -1.47% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • PNB Housing Finance Ltd Dividends May,2019

    In the quarter ending March 2019, PNB Housing Finance Ltd has declared dividend of ₹9 - translating a dividend yield of 0.86%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

PNB Housing Finance Ltd is currently in a Bullish trading position according to technical analysis indicators.

Frequently Asked Questions

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PNB Housing Finance Ltd (PNBHOUSING) share price today is ₹1075.1

PNB Housing Finance Ltd is listed on NSE

PNB Housing Finance Ltd is listed on BSE

  • Today’s highest price of PNB Housing Finance Ltd is ₹1095.4.
  • Today’s lowest price of PNB Housing Finance Ltd is ₹1050.

PE Ratio of PNB Housing Finance Ltd is 17.11

PE ratio = PNB Housing Finance Ltd Market price per share / PNB Housing Finance Ltd Earnings per share

Today’s traded volume of PNB Housing Finance Ltd(PNBHOUSING) is 29.04L.

Today’s market capitalisation of PNB Housing Finance Ltd(PNBHOUSING) is ₹27273.6Cr.

PNB Housing Finance Ltd(PNBHOUSINGPrice
52 Week High
₹1202.2
52 Week Low
₹604

PNB Housing Finance Ltd(PNBHOUSING) share price is ₹1075.1. It is down -10.57% from its 52 Week High price of ₹1202.2

PNB Housing Finance Ltd(PNBHOUSING) share price is ₹1075.1. It is up 78.00% from its 52 Week Low price of ₹604

PNB Housing Finance Ltd(PNBHOUSINGReturns
1 Day Returns
25.15%
1 Month Returns
27.67%
3 Month Returns
21.41%
1 Year Returns
52.19%