PNBHOUSING · NSE · Housing Finance Company
PNB Housing Finance Ltd
What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Small Cap · AMFI list Jan-Jun 2026 · Vendor sector: Financial Services
cheap
low confidence
No valuation within 120 days; P/E 13.0 vs peers 13.8 (4th of 8); P/B 1.0 vs peers 2.0 (3rd of 9).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model
What is PNB Housing Finance's share price today?
PNB Housing Finance last traded at ₹1,200.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 3.6% on the day, up 35.7% over a year. Its 52-week range is ₹730 to ₹1,212. The live price is in the app.
₹1,200.00
+3.6% today
+35.7% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range98% of the way up
Low ₹730High ₹1,212
What is PNB Housing Finance's market cap?
PNB Housing Finance's market capitalisation is about ₹30,201 crore: what it would cost to buy every share at today's price. That makes it the 36th largest small cap company we cover.
₹30,201 Cr
Small Cap36th largest small cap company
Share price₹1,200
×
Shares in issue25 crore
=
Market cap₹30,201 Cr
Small Cap means the companies ranked 251 and below by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →
Key facts
From the exchange
- Symbol
- NSE: PNBHOUSING
- ISIN
- INE572E01012
- Cap bucket
- Small Cap, 36th largest by market cap
- Industry (NSE)
- Financial Services › Finance › Housing Finance Company
- Listed since
- 2016
- Futures and options
- Traded
Is PNB Housing Finance overvalued?
Cheap, with low confidence: no valuation within 120 days; P/E 13.0 vs peers 13.8 (4th of 8); P/B 1.0 vs peers 2.0 (3rd of 9).
Valuation
Latest price and trailing 12 months
P/E
13.03
vs peers 13.8 · 4th of 8
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B
1.03
vs peers 2.0 · 3rd of 9
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap
₹30,201 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield
1.1%
Last year's dividends as a share of today's price. Learn more →
PEG (vendor)
1.24
vs peers 1.2 · 5th of 8
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth
0.66
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
Is PNB Housing Finance a quality business?
Quality score 58.6, 2nd of 9 in its peer set; CLEAN on 15 of 22 lender flags judged.
Quality and risk
Data as of 12 Oct 2026
Business quality
Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score
58.6
vs peers 54.6 · 2nd of 9
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level
CLEAN
15 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →
Lender scorecard
Statements through FY2026 (Mar-26)
Basis: consolidated accounts, FY2026 (Mar-26) against FY2025; NSE/BSE XBRL, the Q4 results filing; NIM is interest earned less expended over average advances and investments; cost to income is operating expenses over net interest income plus other income; credit cost is FY2026 provisions over average advances (the loan book from the Q4 filing); ROA over average total assets; ROE over average equity
Net interest margin
3.7%
vs peers 5.3% · 6th of 9
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA
Not available
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA
Not available
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage
Not available
How much of the gross bad loans has already been provided for. Learn more →
Credit cost
-0.5%
vs peers 0.2% · 1st of 9
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income
30.0%
vs peers 25.0% · 5th of 8
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets
2.6%
vs peers 2.9% · 5th of 9
Profit as a share of average total assets. Learn more →
CET1 ratio
Not available
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY
15.8%
vs peers 12.7% · 4th of 9
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY
2.4%
vs peers 20.3% · 4th of 5
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio
Not available
Current and savings account balances as a share of all deposits. Learn more →
Inside the app
Get a sneak peek of Valarth
Has PNB Housing Finance made money for shareholders?
Yes: +35.7% over one year and +12.5% a year over five years.
Shareholder returns
5-year return
+12.5% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer
No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →
Returns
3Y and 5Y are yearly averages
1W
+4.7%1M
+1.1%3M
+3.2%6M
+36.8%1Y
+35.7%3Y
+15.0%5Y
+12.5%Does PNB Housing Finance pay a dividend?
Yes. PNB Housing Finance's dividend yield is 1.06% at the latest price; the last payout was ₹8.00 a share, ex-dividend 31 Jul 2026.
Dividends
Per share, by ex-dividend date
Dividend yield1.06%
The past 12 months' dividends as a share of today's price.
31 Jul 2026 · Final₹8.00
1 Aug 2025 · Final₹5.00
19 Jul 2019 · Final₹7.45
19 Jul 2018 · Final₹7.45
25 Jul 2017 · Final₹4.97
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.
Is PNB Housing Finance growing?
Loan growth 15.8%; deposit growth 2.4%; revenue 3 years 9.2% a year.
Growth
Statements through FY2026 (Mar-26)
Loan growth
15.8%
vs peers 12.7% · 4th of 9
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth
2.4%
vs peers 20.3% · 4th of 5
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years
9.2% a year
vs peers 20.2% · 7th of 9
Compound annual growth of revenue over three years. Learn more →
EPS 3 years
19.7% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years
7.0% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years
14.0% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
How did PNB Housing Finance do last quarter?
PNB Housing Finance reported income of ₹2,265 Cr, up 10.5% on a year earlier and a net profit of ₹557 Cr, up 18.3% in the Jun 2026 quarter.
Latest quarter
Jun 2026
Income, latest quarter₹2,265 Cr
+10.5% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹557 Cr
+18.3% on a year earlier
What was left for shareholders after every cost and tax.
How does PNB Housing Finance compare with its peers?
Compared with 8 Housing Finance Company; 4th of 8 on P/E; 2nd of 9 on quality score.
Compared with 8 Housing Finance Company
8 companies
- PNB Housing Finance Ltd (this page)
- Bajaj Housing Finance Ltd
- LIC Housing Finance Ltd
- Aadhar Housing Finance Ltd
- Sammaan Capital Ltd
- Home First Finance Company India Ltd
- Aptus Value Housing Finance India Ltd
- Can Fin Homes Ltd
- AAVAS Financiers Ltd
PNB Housing Finance against its peers
Largest 8 of 8 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
PNB Housing Finance Ltd₹30,201 Cr13.01.012.9%+35.7%
Aadhar Housing Finance Ltd₹19,449 Cr16.92.615.8%−13.7%
Sammaan Capital Ltd₹14,687 Cr—0.9—−22.1%
Home First Finance Company India Ltd₹11,257 Cr19.22.215.7%−11.7%
Aptus Value Housing Finance India Ltd₹10,804 Cr11.02.317.2%−30.7%
Can Fin Homes Ltd₹9,562 Cr8.31.819.7%−10.4%
AAVAS Financiers Ltd₹9,460 Cr13.81.713.9%−26.4%
Peer median—13.82.015.7%−17.9%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.
Who owns PNB Housing Finance?
PNB Housing Finance is held by promoters 28.0%, foreign institutions 16.8%, domestic institutions 45.7%.
Shareholding pattern
Latest filing, percent of shares
Promoters28.0%
The founders and controlling group.
Foreign institutions16.8%
Overseas funds investing through the FPI route.
Domestic institutions45.7%
Indian insurers, banks, pension and mutual funds together.
Mutual funds33.6%
Indian mutual fund schemes; part of domestic institutions.
Retail and others6.3%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.
What do analysts say about PNB Housing Finance?
12 analysts cover PNB Housing Finance, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.
Analyst consensus
12 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.
What does PNB Housing Finance do and what is it sensitive to?
PNB Housing Finance Limited is a non-banking financial company registered as a housing finance company (NBFC-HFC) that lends for purchase, construction and renovation of houses and flats. Sensitive to: interest rates.
Business-model card
FY2025 · 34 verified
3Revenue
4Channels
3Regulators
4Reg. dependencies
3Sensitivities
2Costs
3Geographies
PNB Housing Finance Limited is a non-banking financial company registered as a housing finance company (NBFC-HFC) that lends for purchase, construction and renovation of houses and flats. It funds these loans through deposits, borrowings and debt, and earns mainly the margin between loan yields and funding costs.
Revenue engine
3 verified
Individual home loans for purchase, construction, repairs and renovation of houses and flats
Interest income on the loan book is the core line. Interpretation: the company earns the spread between loan yields and its cost of funds; chunk 3 reports NIM of 3.70% and spreads of 2.19%.
Affordable housing loans through the ROSHNI vertical
A dedicated vertical for the affordable category, named in the strategy. Its loan asset is stated in crore rupees, not as a share of total book.
Emerging Markets lending vertical for tier 2 and 3 cities
Set up to focus on higher-yielding segments. Interpretation: it adds loan volume outside metro areas, where the company reports growth in affordable demand.
Customers & channels
4 verified
Salaried individual borrowers (69.1%)
Salaried applicants form the larger group of individual housing loan customers in the profiling table. Interpretation: income from salary is the main underwriting base for this group.
Economically Weaker Section borrowers by household income (up to H3 lakh) (27.4%)
The table lists this group at 27.40% in value terms of individual housing loans disbursed in FY25. Interpretation: the affordable segment is a material share of disbursement value.
Direct Selling Agents and channel partners for loans and deposits
Sourcing runs through an in-house team and a DSA network. Interpretation: acquisition volume depends on partner capacity and the partner network size.
1 more statement
Deposit customers acquired through the sourcing network
Deposits are sourced alongside loans through the same team and DSA network. Interpretation: deposit inflows fund the loan book.
Regulators
3 verified
Reserve Bank of India (RBI)
Issues the NBFC-Housing Finance Company directions and scale-based regulation that the company follows. Interpretation: RBI rules set the company's licensing, capital and conduct requirements.
National Housing Bank (NHB)
Governed under the National Housing Bank Act and its circulars, which apply to housing finance companies.
RBI AML and KYC rules
The AML and KYC framework is aligned with RBI regulations and the Prevention of Money Laundering Act, 2002. Interpretation: these rules govern customer onboarding for every loan and deposit.
Regulatory dependencies
4 verified
RBI curbs on credit flow to consumer credit and NBFCs
Interpretation: tighter limits on credit growth to NBFCs would slow loan book growth and therefore interest income, as the excerpt describes moderation of credit growth.
Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices, 2023
Interpretation: compliance with IT governance rules raises technology spend, which sits within operating costs; the company reports an ongoing transformation programme.
Master Direction-Know Your Customer (KYC) Direction
Interpretation: KYC requirements set the documentation and verification steps that the digital onboarding flow must satisfy before a loan is sanctioned.
1 more statement
Government housing schemes such as PMAY
The excerpt states the schemes enhance access to banking services and encourage borrowing. Interpretation: changes to scheme eligibility or subsidy would change borrower demand for affordable loans.
Sensitivities
3 verified
Interest rates
The excerpt says interest rate risk emanates from the external economic scenario and RBI policies. Interpretation: a rate rise raises the cost of borrowings on the liability side; the company uses a mix of floating and fixed borrowing to limit the impact.
Credit costs and recoveries
The company reports that credit costs turned negative due to recoveries. Interpretation: higher recoveries or lower delinquency lift profit; rising credit costs would reduce it.
External shocks such as natural disasters, geopolitical tensions and global downturns
The excerpt says such shocks can reduce housing demand and cause revenue loss for housing finance firms.
Cost inputs
2 verified
Legal and professional charges
Shown as the largest line in the other expenses table, rising from 62.90 to 93.06 crore. The driver is not stated in the excerpt.
Borrowings from lenders and debt markets
Borrowings and debt securities are the main funding line; the market risk note shows borrowings at 35,555.02 crore against 28,666.95 crore a year earlier.
Geographies
3 verified
National footprint across 21 states
The company says it serves customers across 21 states through its presence and channel partners.
Branch network of 376 branches plus 5 offices
The branch network includes Prime, Emerging, Roshni and Hubs formats, and totals 381 locations with offices.
International operations
The company's table of markets lists international presence as NIL. The company operates only within India.
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.
What changed recently?
Q1 FY2027 results filed (4 Aug 2026).
Change log
8 entries · newest first
- Results filedQ1 FY2027 results filed.
- Corporate actionDividend - Rs 8 Per Share.
- Results filedQ4 FY2026 results filed.
- Results filedQ3 FY2026 results filed.
- Results filedQ2 FY2026 results filed.
- Corporate actionDividend - Rs 5 Per Share.
- Results filedQ1 FY2026 results filed.
- Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.
What this page does not tell you
What could not be judged, and why. Never empty.
- Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
- FlagsCLEAN on 15 of 22 lender flags judged; no red flag; 7 could not be judged.
- Data gapsBusiness quality, Gross NPA, Net NPA, Provision coverage, CET1 ratio, CASA ratio: not available yet.
Not applicable to a bank, lender or insurer · 12
- Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
- Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
- Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
- Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
- Interest coverageInterest is a lender's main cost, not a charge on operating profit.
- Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
- EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
- FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
- Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
- Asset turnoverA lender earns a spread on its assets, not a turnover of them.
- ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
- ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).
What this page rests on
✓9 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓116 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 34 verified
Questions people ask
What is PNB Housing Finance's share price today?
PNB Housing Finance last traded at ₹1,200.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 3.6% on the day, up 35.7% over a year. Its 52-week range is ₹730 to ₹1,212. The live price is in the app.
What is PNB Housing Finance's market cap?
PNB Housing Finance's market capitalisation is about ₹30,201 crore: what it would cost to buy every share at today's price. That makes it the 36th largest small cap company we cover.
Is PNB Housing Finance Ltd a large cap, mid cap or small cap?
PNB Housing Finance Ltd (PNBHOUSING) is a small cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.
What is PNB Housing Finance Ltd's P/E ratio?
13.03, vs peers 13.8 · 4th of 8. Price divided by last year's earnings per share: how many years of today's profit you pay for.
Is PNB Housing Finance Ltd overvalued?
Cheap, with low confidence: no valuation within 120 days; P/E 13.0 vs peers 13.8 (4th of 8); P/B 1.0 vs peers 2.0 (3rd of 9).
How does PNB Housing Finance Ltd make money?
PNB Housing Finance Limited is a non-banking financial company registered as a housing finance company (NBFC-HFC) that lends for purchase, construction and renovation of houses and flats. It funds these loans through deposits, borrowings and debt, and earns mainly the margin between loan yields and funding costs.
Why is there no Altman Z or debt to equity for PNB Housing Finance?
Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.
Who are PNB Housing Finance Ltd's peers?
Compared with 8 Housing Finance Company: Bajaj Housing Finance Ltd, LIC Housing Finance Ltd, Aadhar Housing Finance Ltd, Sammaan Capital Ltd, Home First Finance Company India Ltd and 3 more. The app shows how they compare on every figure.
Is this investment advice?
No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.
How did PNB Housing Finance do last quarter?
PNB Housing Finance reported income of ₹2,265 Cr, up 10.5% on a year earlier and a net profit of ₹557 Cr, up 18.3% in the Jun 2026 quarter.
Who owns PNB Housing Finance?
PNB Housing Finance is held by promoters 28.0%, foreign institutions 16.8%, domestic institutions 45.7%.
Does PNB Housing Finance pay a dividend?
Yes. PNB Housing Finance's dividend yield is 1.06% at the latest price; the last payout was ₹8.00 a share, ex-dividend 31 Jul 2026.
What do analysts say about PNB Housing Finance?
12 analysts cover PNB Housing Finance, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.