P

PNB Housing Finance Limited

PNBHOUSINGNSE
Market snapshot · 2026-08-11 12:25 UTC

1,142.10

₹-7.20 (-0.63%)

MARKET CAP

₹29.76K Cr

STOCK P/E

12.9x

52W HIGH

₹1,174.80

52W LOW

₹729.60

BOOK VALUE

₹737.64

EPS

₹88.73

ROE

SECTOR

Financials

GROSS NPA

0.95%

VOLUME

3.82L

P/B RATIO

1.55x

NET NPA

0.58%

Sector

Financials

Themes

Home FinancingVanguard Fund Portfolio
D
Dividend
E
Earnings
₹1,143.00₹1,044.19₹945.38₹846.57₹747.76VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

PNB Housing Finance is an Indian housing finance company providing mortgages and property-backed lending. Home loans, loans against property, and developer finance drive its lending portfolio, alongside residential plot, NRI, and lease-rental discounting loans. Q1 FY27 AUM grew 13%, while profit rose 4% to ₹557 crore, indicating continued credit demand but slower earnings conversion. Margins remained stable, supporting earnings quality despite profit growth of 18.3% year-on-year versus 22.1% revenue growth. ROE is unavailable, while debt/equity of 287.73 means substantial leverage materially influences shareholder returns. At 12.9x earnings, the stock appears undervalued relative to its growth profile, but investor returns remain exposed to funding costs, credit losses, and leverage.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for PNBHOUSING.

13.00 analysts

Price Forecast

Current
₹1,142
High Target
₹1,425
▲ +24.8%
Median Target
₹1,325
▲ +16.0%
Low Target
₹960.00
▼ -15.9%
Now₹1,142High ₹1,425Median ₹1,325Low ₹960.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
13 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹967.16 - ₹1,46780%
6M₹925.25 - ₹1,66780%
12M₹890.70 - ₹2,04980%
Realized vol: +32.5% · Drift: +22.1%

Revenue Forecast

₹ Cr
Jun '26Current₹2,252.0
Sep 2026 ETrend estimate range
High₹2,542.3Base₹2,353.9Low₹2,165.6
Sep '25: ₹2,168.0 · Dec '25: ₹2,110.0 · Mar '26: ₹2,170.0 · Jun '26: ₹2,252.0 · Sep '26: ₹2,353.9 · Dec '26: ₹2,291.0
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E2,168.02,110.02,170.02,252.02,353.92,291.0
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹21.28
Sep 2026 ETrend estimate range
High₹29.49Base₹26.33Low₹23.17
Sep '25: ₹24.05 · Dec '25: ₹20.00 · Mar '26: ₹24.90 · Jun '26: ₹21.28 · Sep '26: ₹26.33 · Dec '26: ₹21.90
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E24.0520.0024.9021.2826.3321.90
PastCurrentTrend estimate: Low / Base / High
EPS forecast unavailable from FMP/yfinance.
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
52%
Analyst Consensus
Positive

From 13 analysts

Mean upside+13.5%

Fundamentals

Moderate

Fundamentals institutional score is 60 using growth durability 59.9.

Valuation

Premium valuation

Valuation institutional score is 16 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 70 using mean target upside 13.5%; dispersion penalty 14.4; recommendation breadth from available consensus.

Technical Structure

Weak Structure

Technicals institutional score is 38 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 2 recent ticker-linked news items.

Signal Summary

Market intelligence remains Mixed. analyst consensus and market sentiment provide support, while valuation and technical structure remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals ModerateValuation Premium valuationAnalyst Consensus PositiveTechnical Structure Weak StructureMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price1,295.8 target
Mean Upside+13.5%
Technical Score38%
Fundamental Score60%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 35.2% above historical median. Valuation is stable — currently in the strongly overvalued zone (z-score: +2.22). Confidence: 86%.

Live forward EPS implies next-12-month EPS of ₹104.86. Applying the stock's normalized valuation corridor produces a fair range of ₹913.33 to ₹1,133.54, with base value near ₹998.27 (-12.6% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Above normalized range

Forward EPS

₹104.86

Forward P/E

10.9x

Base Fair Value

₹998.27

Fair Range

₹913.33 - ₹1,133.54

Upside To Base

-12.6%

Estimate Source

Live forward EPS

Growth Estimate

+4.3%

P/B
Overvalued

5Y Average

1.38

Current

1.55

Overvalued

1.59

Undervalued

1.17

P/E
Strongly Overvalued

5Y Average

7.74

Current

12.87

Overvalued

10.81

Undervalued

8.71

P/S
Strongly Overvalued

5Y Average

4.74

Current

7.89

Overvalued

6.11

Undervalued

3.09

Peers & Comparison

Sector: Financials · Theme: Home Financing

Home Financing Business Peers8 peers
Avg P/E: 7.9x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
UCO BANK
UCOBANKPublic Banks
+53.0%21.5%
11.7x
Premium
+48% vs avg
-7.8%
LIC HOUSING FINANCE LTD
LICHSGFINHome Financing
+14.5%65.2%
4.8x
Undervalued
-39% vs avg
-12.8%
INDIAN BANK
INDIANBPublic Banks
+10.3%36.4%
9.2x
Premium
+16% vs avg
+32.5%
INDIAN OVERSEAS BANK
IOBPublic Banks
+48.1%36.6%
11.6x
Premium
+47% vs avg
-6.4%
PUNJAB NATIONAL BANK
PNBPublic Banks
+15.2%38.1%
5.9x
Undervalued
-25% vs avg
+6.5%
UNION BANK OF INDIA
UNIONBANKPublic Banks
40.5%
6.9x
Fair
-13% vs avg
+33.6%
BANK OF BARODA
BANKBARODAPublic Banks
+18.0%27.4%
7.1x
Fair
-10% vs avg
+1.9%
CANARA BANK
CANBKPublic Banks
-12.9%43.1%
6.1x
Undervalued
-23% vs avg
+17.8%
Home Financing Theme Peers8 peers
Avg P/E: 102.8x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
LIC HOUSING FINANCE LTD
LICHSGFINHome Financing
+14.5%65.2%
4.8x
Undervalued
-95% vs avg
-12.8%
APTUS VALUE HSG FIN I LTD
APTUSHome Financing
+16.8%61.8%
13.1x
Undervalued
-87% vs avg
-26.5%
AAVAS FINANCIERS LIMITED
AAVASHome Financing
+16.9%42.5%
15.8x
Undervalued
-85% vs avg
-18.7%
PIRAMAL FINANCE LIMITED
PIRAMALFINHome Financing
+30.4%32.6%
28.3x
Undervalued
-72% vs avg
+58.8%
INDIA SHELTER FIN CORP L
INDIASHLTRHome Financing
+21.8%48.0%
15.5x
Undervalued
-85% vs avg
-30.4%
SAMMAAN CAPITAL LIMITED
SAMMAANCAPHome Financing
0.0%
+35.8%
-40.2%0.2%
623.0x
Premium
+506% vs avg
-5.7%
FEDERAL BANK LTD
FEDERALBNKPrivate Banks
+21.4%30.7%
18.8x
Undervalued
-82% vs avg
+82.2%
WHY THESE PEERS

PNB HOUSING FIN LTD. trades at a premium (12.8x vs peer avg 7.9x), implying higher growth or quality expectations from the Home Financing cohort. Peers include UCO BANK, LIC HOUSING FINANCE LTD, INDIAN BANK — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹2.25K CrJun 2026

Latest net profit

₹554 CrJun 2026

Free cash flow

₹-9.01K CrMar 2026

Net Profit

₹554 CrProfit conversion

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr600 Cr1.20K Cr1.80K Cr2.40K Cr
  • Revenue
  • Net income
  • Net margin %

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
Total incomeInterestOtheradjustmentsProfitbefore taxTax &minorityNet Profit0.00 Cr600 Cr1.20K Cr1.80K Cr2.40K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Debt free
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-35.00K Cr0.00 Cr35.00K Cr70.00K Cr1.05L Cr
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue +1,6991,7661,7481,8011,8131,8681,9232,0302,0642,1682,1102,1702,252
Interest1,0481,0581,0871,0701,0971,1191,1581,1781,2351,2671,2531,2461,339
Expenses +1871902061561531301491251368417449185
Financing Profit464519455575563619615726693816683874728
Financing Margin %27%29%26%32%31%33%32%36%34%38%32%40%32%
Other Income +023592215742-93
Depreciation13111314131414141516161916
Profit before tax451509445566559607603727686804669846715
Tax %22%24%22%22%21%22%22%22%22%22%22%23%22%
Net Profit +353384347444439472471567532626521649554
EPS in Rs13.5914.8113.3417.0916.8918.1518.1421.8220.4424.0520.0024.9021.28
Gross NPA %3.76%1.78%1.73%1.50%1.35%1.24%1.19%1.08%1.06%1.04%1.04%0.93%0.95%
Net NPA %2.58%1.19%1.14%0.95%0.92%0.84%0.80%0.69%0.69%0.69%0.68%0.57%0.58%
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +28.08%28.04%28.04%28.04%28.03%
FIIs +24.18%18.61%17.22%16.60%16.81%
DIIs +37.99%40.68%43.02%44.07%45.71%
Government +0.01%0.01%0.02%0.02%0.02%
Public +9.74%12.65%11.69%11.28%9.42%
Others0.01%0.01%0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Government +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 05, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Aug 05, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Investor Presentation

Aug 04, 2026PDFCompany Reports Open