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PNB Housing Finance Ltd share Price Today

Company details

790.50
807.00
472.80
913.70
6M Return -0.29%
1Y Return 68.74%
Mkt Cap.(Cr) 20,685.72
Volume 494,828
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 494,828

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Housing Finance company PNB Housing Finance announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Net profit increased by 57% YoY and 30% QoQ to Rs 439 crore
  • Net Interest Income grew by 7% YoY and 6% QoQ to Rs 632 crore
  • Operating expenditure increased by 23% YoY and 6% QoQ to Rs 176 crore primarily, on account of branch expansion and upgradation of IT infrastructure.
  • Yield at 10.08% in Q4FY24 as compared to 10.19% in Q3 FY24 and 10.41% in Q4FY23.
  • Cost of Borrowing at 7.98% in Q4FY24 as compared to 8.07% (excluding one-off the CoB is 7.98%) in Q3FY24 and 7.76% in Q4FY23.
  • Spread on loans is at 2.10% in Q4FY24 as compared to 2.12% in Q3FY24 and 2.65% in Q4FY23.
  • Net Interest Margin stood at 3.65% in Q4FY24 as compared to 3.49% in Q3FY24 and 3.74% in Q4FY23. Gross Margin, net of acquisition cost, stood at 4.18% in Q4FY24.
  • Credit Cost at 4 bps in Q4FY24 as compared to 34 bps in Q3FY24 and 89 bps in Q4FY23.

FY24 Financial Highlights:

  • Profit after Tax is at Rs 1,508 crore vs Rs 1,046 crore registering an increase of 44% YoY.
  • Net Interest Income stood at Rs 2,516 crore compared to Rs 2,346 crore registering a growth of 7%.
  • Operating Expenditure is at Rs 659 crore vs Rs 520 crore registering an increase of 27%.
  • Pre-provision Operating Profit stood at Rs 2,125 crore as against Rs 2,052 crore registering a growth of 4%. Excluding one off in FY23, Pre-provision Operating Profit registered a growth of 17%.
  • ECL provision as on 31st Mar 2024 is Rs 1,250 crore resulting in total provision to assets ratio at 1.91%. The Stage 3 Provision coverage ratio is at 37.4%.
  • Spread on loans stood at 2.34% compared to 2.81% for FY23.
  • Net Interest Margin stood at 3.74% as compared to 3.73% in FY23.
  • Gross Margin, net of acquisition cost, is at 4.02% as compared to 4.06% in FY23.
  • Credit cost for FY24 is at 0.25% as compared to 1.07% in FY23
  • Return on Asset is at 2.20% as compared to 1.61% in FY23.
  • Return on Equity at 10.90% as compared to 9.98% for FY23

Commenting on the performance Girish Kousgi, Managing Director & CEO said: “During the Financial Year 2023-24, the Company made significant progress across various business and financial parameters. The completion of a successful fund-raise via Rights Issue underscores the confidence of our shareholders. Moreover, our expansion into high yielding affordable segment and the growth of our retail loan book showcases our commitment towards meeting diverse market needs. With the opening of new branches, we have not only expanded our reach but also strengthened our presence in tier II & III markets. We have witnessed a remarkable improvement in the asset quality, which reduced by 57% year-on-year. As we move ahead, we look forward with optimism that our fundamentals position us well to achieve the desired growth and profitability.”

Result PDF

View Other Company Results

PNB Housing Finance Ltd shares SWOT Analysis

Strengths (11)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (4)

  • Red Flag: High Interest Payments Compared to Earnings
  • MFs decreased their shareholding last quarter
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years

Opportunity (3)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • Decrease in Provision in recent results
  • RSI indicating price strength

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 805.5
R2 814.5
R3 822.0
Pivot

797.98

S1 789.0
S2 781.5
S3 772.5
EMA SMA
758.2
749.3
744.2
715.2
763.3
729.0
753.8
737.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-04-23 769.9 230477 NSE
MARSHALL WACE INVESTMENT STRATEGIES - EUREKA FUND Block Sell 2024-04-23 769.9 230477 NSE
ASIA OPPORTUNITIES V (MAURITIUS) LIMITED Bulk Purchase 2024-01-25 821 25650006 BSE
Name Category Shares
Punjab National Bank PROMOTER 28.13%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

PNB Housing Finance Ltd Stocks COMPARISON

Financials( in Cr) PNB Housing Finance Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Indian Railway Finance Corporation Ltd Jio Financial Services Ltd
Price 796.45 6,836.90 1,601.70 184.00 365.40
% Change -0.28 0.15 -0.42 -1.34 -0.64
Mcap Cr 20,685.72 423,201.38 255,549.47 240,460.51 232,149.00
Revenue TTM Cr 6,527.33 41,398.35 82,071.70 23,891.95 44.84
Net Profit TTM Cr 1,046.00 11,507.69 12,209.54 6,337.01 31.25
PE TTM 13.68 29.29 31.35 37.48 144.41
1 Year Return 68.74 0.83 11.44 451.72 46.81
ROCE 8.25 11.76 12.69 5.32 0.03
ROE 10.02 23.46 28.18 14.66 0.02
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 11,013.66 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,248.28 -22,040.96
LAST 3M 102,638.29 -30,717.76
LAST 6M 167,920.74 50,623.85
LAST 12M 262,867.28 126,756.31
PNB Housing Finance Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 24, 2024 l NSE Announcement

PNB Housing Finance Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 23, 2024 l NSE Announcement

PNB Housing Finance Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 22, 2024 l NSE Announcement

Date Action Type Ratio
No data found

PNB Housing Finance Ltd Information

Stock PE (TTM)
13.68
Promoter Holding
28.13%
Book Value
576.5524
ROCE
8.25%
ROE
10.02%
Description
  • PNB Housing Finance Limited (PNB Housing) is a registered housing finance company with National Housing Bank (NHB), incorporated under the Companies Act, 1956 and commenced its operations on November 11, 1988. It is promoted by Punjab National Bank (PNB), which holds 32.57% of share capital in the Company. The Company offer retail and corporate loans, including individual home loans, retail loan against property, retail non-resident property loan, construction finance and lease rental discounting among others. It operate the sales and distribution function through the wholly-owned subsidiary, PHFL Home Loans and Services Limited. The company has a robust network of branches spread across the country which help its customers avail financial services (loans and deposits) seamlessly. In 2003, PNB Housing Finance was notified under the SARFAESI Act. In 2006, the company crossed the Rs 1000 crore loan portfolio. In 2009, PNB Housing Finance`s promoter PNB sold 26% of its stake in the total issued, subscribed and paid-up share capital of the company to Destimoney Enterprises Private Limited (DEPL). In 2010, PNB Housing Finance launched the business process re-engineering project, "Kshitij". In 2012, DEPL increased its shareholding in the company to 49%, pursuant to the conversion of Compulsory Convertible Debentures (CCDs) issued in 2009. During the year, PNB Housing Finance brought down Gross and net NPAs lower than 0.5% of its asset portfolio. In 2013, PNB Housing Finance crossed Rs 1000 crore in retail deposits. In 2014, the company`s profit after tax crossed Rs 100 crore and assets under management crossed Rs 10000 crore. In 2015, the company implemented end-to-end Enterprise System Solution. During the year, DEPL was acquired by Quality Investment Holdings (QIH) of the Carlyle Group. In October 2016, PNB Housing Finance raised Rs 3000 crore from an initial public offer. Its equity shares were listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with effect from 7 November 2016. In 2016, PNB Housing Finance`s assets under management crossed Rs 25000 crore. In 2017, PNB Housing Finance`s assets under management crossed Rs 50000 crore and deposits crossed Rs 10000 crore. During the year, PNB Housing Finance incorporated a subsidiary "PHFL Home Loans & Services Ltd". The Board of Directors of PNB Housing Finance at its meeting held on 3 May 2018 approved to raise funds by way of External Commercial Borrowings for not exceeding USD 1 billion in one or more trenches to augment its medium-term resources subject to all regulatory approvals. On 10 July 2018, PNB Housing Finance informed the stock exchanges that it has received a joint communication from its promoter Punjab National Bank (PNB) and its second largest shareholder viz. Quality Investment Holdings (The Carlyle Group) regarding the initiation of the process for the sale of minimum 51% stake in PNB Housing Finance Limited to the potential acquirers. During the financial year 2019, Rs. 30,858 crores was borrowed through bank term loans, National Housing Bank refinance, external commercial borrowings and public deposits. The National Housing Bank sanctioned Rs. 3,500 crores in the third quarter of fiscal 2018-19, which was fully drawn down during the fourth quarter. The total Assets Under Management (AUM) as at March 31, 2019 were Rs. 84,722 crores. During FY 2018-19, the Company has opened 18 new branches, out of which 4 branches were opened in the existing locations and 14 branches were opened at new locations. As on March 31, 2019, the Company has presence through 102 branches, 29 outreach locations, totalling to 131 distribution outlets. During the year 209, the Company has sourced loans worth Rs. 16,494 crores for PNB Housing. During the year 2020, the Company had opened 2 new branches. As on March 31, 2020, the Company has presence through 105 branches, 28 outreach locations, totalling to 133 distribution outlets. The assets under management (AUM) as at March 31, 2020 were Rs. 83,346 crores. During the year 200, the Company has sourced loans worth Rs. 11,326 crores for PNB Housing. It became the first HFC to sign a funding of US$75 million via External Commercial Borrowings (ECBs) from Japan International Corporation Agency (JICA). The Assets Under Management (AUM) as at March 31, 2021 were Rs. 74,469 crores. As on March 31, 2021, the Company has presence through 94 branches, 17 outreach locations, totalling to 111 distribution outlets. The Company also has 22 underwriting hubs for credit decision making. During the year 2022, the Company opened 24 new branches/ outreaches, majority in tier II and tier III cities to expand Unnati operations. As on March 31 2022, the Company has presence through 99 branches, 38 outreach locations, totaling to 137 distribution outlets. The Company also has 22 underwriting hubs for credit decision making. During the year, it started 24 new locations dedicated to Unnati. With emphasis on Unnati, the Company opened 3 more branches and 2 outreach centres in April 2022 resulting in a total of 29 dedicated Unnati locations by the end of April 2022. The Assets Under Management (AUM) as at March 31, 2022 were Rs. 65,977 crore. During the year, the Company has sourced 74% of loan applications resulting into 71% of total loans disbursed by PNB Housing. During the year 2023, the Company expanded its branch network to 189 branches/outreaches an increase from 137 branches/ outreaches as on March 31, 2022. The affordable loan segment presence was expanded to 82 branches/outreaches in more than 150 districts.

Registered Address

9th Floor Antrish Bhawan, 22 Kasthurba Gandhi Marg, New Delhi, New Delhi, 110001

Tel : 91-11-23445200
Email : investor.services:pnbhousing.com; loans:pnbhfl.com
Website : http://www.pnbhousing.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 540173
NSE Code : PNBHOUSING
Book Closure Date (Month) :
BSE Group : A
ISIN : INE572E01012

FAQ’s on PNB Housing Finance Ltd Shares

You can buy PNB Housing Finance Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy PNB Housing Finance Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 03:59 PM the closing price of PNB Housing Finance Ltd was Rs.796.45.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 24, 2024 03:59 PM, the market cap of PNB Housing Finance Ltd stood at Rs. 20,685.72.

The latest PE ratio of PNB Housing Finance Ltd as of May 24, 2024 03:59 PM is 13.68

The latest PB ratio of PNB Housing Finance Ltd as of May 24, 2024 03:59 PM is 0.72

The 52-week high of PNB Housing Finance Ltd share price is Rs. 913.70 while the 52-week low is Rs. 472.80

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