PNB Housing Finance Limited (IN:PNBHOUSING)
:PNBHOUSING
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PNB Housing Finance Limited
(PNBHOUSING)
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Rating:70Outperform
Price Target:
₹1,077.00
▲(23.80% Upside)
Action:UpgradedDate:04/22/26
The score is driven primarily by improving profitability and margins, tempered by high (though improving) leverage and historically volatile cash flows. Technically, the stock is in a strong uptrend but appears overbought. Valuation is supportive due to a low P/E, while the dividend contribution is modest.
Positive Factors
Margin expansion and rising profitability
Sustained margin expansion and a threefold rise in net profit over the FY2022–FY2026 period indicate structurally stronger earnings power. Higher margins improve the company’s ability to absorb funding cost increases, support incremental capital accumulation and recurring profitability over the next 2–6 months.
Negative Factors
High absolute leverage remains
Despite improvement, absolute debt levels remain elevated for a housing financier, leaving the firm exposed to funding cost volatility and refinancing risk. High leverage constrains flexibility to absorb higher provisions or market shocks without raising expensive funding or capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin expansion and rising profitability
Sustained margin expansion and a threefold rise in net profit over the FY2022–FY2026 period indicate structurally stronger earnings power. Higher margins improve the company’s ability to absorb funding cost increases, support incremental capital accumulation and recurring profitability over the next 2–6 months.
Read all positive factors
PNB Housing Finance Limited (PNBHOUSING) vs. iShares MSCI India ETF (INDA)
Market Cap
₹272.40B
Dividend Yield0.53%
Average Volume (3M)28.57K
Price to Earnings (P/E)8.6
Beta (1Y)1.31
Revenue Growth11.92%
EPS Growth18.09%
CountryIN
Employees2,003
SectorReal Estate
Sector Strength53
IndustryFinancial - Mortgages
Share Statistics
EPS (TTM)82.64
Shares Outstanding260,549,600
10 Day Avg. Volume35,262
30 Day Avg. Volume28,566
Financial Highlights & Ratios
PEG Ratio0.47
Price to Book (P/B)1.02
Price to Sales (P/S)2.31
P/FCF Ratio9.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)92.24
Revenue Forecast (FY)₹41.01B
PNB Housing Finance Limited Business Overview & Revenue Model
Company Description
PNB Housing Finance Limited operates as a housing finance company in India. It provides loans to individuals and corporate bodies for purchase, construction, repair, and up-gradation of houses/flats/commercial properties; residential plot loans an...
How the Company Makes Money
PNB Housing Finance primarily makes money by earning interest and fees from lending activities, funded through a mix of borrowings and other funding sources typical for housing finance companies.
1) Net interest income (core earnings): The larges...
PNB Housing Finance Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
62
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 80.06B | 85.05B | 75.02B | 70.34B | 64.29B | 61.81B |
| Gross Profit | 31.63B | 33.61B | 29.62B | 27.84B | 25.41B | 21.25B |
| EBITDA | 27.21B | 30.37B | 25.42B | 20.05B | 14.12B | 11.37B |
| Net Income | 21.49B | 22.91B | 19.36B | 15.08B | 10.46B | 8.36B |
Balance Sheet | ||||||
| Total Assets | 857.56B | 935.12B | 825.20B | 724.05B | 668.74B | 657.30B |
| Cash, Cash Equivalents and Short-Term Investments | 30.02B | 33.39B | 36.00B | 26.07B | 37.88B | 52.33B |
| Total Debt | 469.13B | 531.43B | 446.68B | 376.87B | 368.08B | 354.26B |
| Total Liabilities | 677.86B | 742.93B | 656.57B | 574.30B | 558.60B | 558.58B |
| Stockholders Equity | 179.71B | 192.19B | 168.63B | 149.74B | 110.14B | 98.72B |
Cash Flow | ||||||
| Free Cash Flow | -38.87B | 19.90B | -81.06B | -47.01B | -18.80B | 62.41B |
| Operating Cash Flow | -38.71B | 20.23B | -80.57B | -46.62B | -18.65B | 62.56B |
| Investing Cash Flow | 2.71B | -109.06B | 7.57B | -11.86B | 1.76B | -14.75B |
| Financing Cash Flow | 28.68B | 87.20B | 74.04B | 41.79B | 3.01B | -66.84B |
PNB Housing Finance Limited Technical Analysis
Positive
869.95
Price Trends
821.77
Positive
870.75
Positive
888.52
Positive
Market Momentum
21.65
Negative
67.89
Neutral
91.35
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PNBHOUSING, the sentiment is Positive. The current price of 869.95 is above the 20-day moving average (MA) of 819.30, above the 50-day MA of 821.77, and below the 200-day MA of 888.52, indicating a bullish trend. The MACD of 21.65 indicates Negative momentum. The RSI at 67.89 is Neutral, neither overbought nor oversold. The STOCH value of 91.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PNBHOUSING.
PNB Housing Finance Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹272.40B | 8.58 | ― | 0.53% | 11.92% | 18.09% | |
66 Neutral | ₹121.04B | 20.38 | ― | 0.33% | 27.31% | 22.25% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
58 Neutral | ₹130.42B | 14.79 | ― | 1.60% | 26.86% | 25.30% | |
57 Neutral | ₹442.32B | 16.02 | ― | 2.92% | 24.77% | 3.70% | |
56 Neutral | ₹4.19B | 14.15 | ― | ― | 26.03% | 5.03% | |
53 Neutral | ₹109.31B | 17.04 | ― | ― | ― | ― |
* Real Estate Sector Average
IN:PNBHOUSING
PNB Housing Finance Limited
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PNB Housing Finance Limited Corporate Events
PNB Housing Finance clears FY26 results, proposes dividend and affirms regulatory compliance
Apr 20, 2026
PNB Housing Finance Limited’s board has approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, along with associated disclosures and certificates required under SEBI’...
PNB Housing Finance clears FY26 results and recommends Rs 8 dividend
Apr 20, 2026
PNB Housing Finance Limited’s board has approved the audited standalone and consolidated financial results for the quarter and full year ended March 31, 2026, along with related disclosures required under SEBI’s listing regulations. Th...
PNB Housing Finance Earns A+ ESG Rating From Resurgent ESG Services
Apr 16, 2026
PNB Housing Finance Limited has received an Environmental, Social and Governance score of 79.2, corresponding to an A+ rating, from SEBI-registered ESG rating provider Resurgent ESG Services for FY 2025-26 based on FY 2024-25 data. The rating sign...
PNB Housing Finance to Join Morgan Stanley Virtual Investor Meet on India Financials
Mar 9, 2026
PNB Housing Finance Limited has announced that its officials will participate in a virtual group investor meeting focused on India financials hosted by Morgan Stanley on March 16, 2026. The company will use previously disclosed investor presentati...
PNB Housing Finance Engages Investors at IIFL Global Conference, Reaffirms Transparent Disclosures
Feb 24, 2026
PNB Housing Finance Limited reported that its Managing Director and CEO, Ajai Kumar Shukla, and Chief Financial Officer, Vinay Gupta, took part in one-on-one and group meetings with analysts and institutional investors at IIFL’s 17th Enterpr...
PNB Housing Finance posts analyst call audio for Q3 and nine-month FY26 results
Jan 22, 2026
PNB Housing Finance Limited has notified the stock exchanges that the audio recording of its analyst conference call, held on 22 January 2026 to discuss the unaudited standalone and consolidated financial results for the quarter and nine months en...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.