PNB Housing Finance Ltd
PNB Housing Finance Ltd (PNBHOUSING)

PNB Housing Finance Ltd (PNBHOUSING)

₹327.21.52%

Key Stats

₹316
Day's Price Range
₹329.25
₹311.45
52-Week Price Range
₹925
1 Month Return-16.99 %
3 Month Return-19.56 %
1 Year Return-24.29 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 62
6.49
EPS
Rank 36
₹49.65
BVPS
Rank 34
₹530.28
Dividend Yield
Rank 73
ROE
Rank 79
11.01%
Price To Book Ratio
Rank 79
0.6
Debt To Asset
Rank 21
0.87

Company Information

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 32.8 of share capital in the company. The company offers its retail customers housing and nonhousing loans. The company is also into construction finance loans to real estate developers for residential housing. PNB Housing Finance is a deposit taking Housing Finance Company. The company has a robust network of branches spread across the country which help its customers avail financial services loans and deposits seamlessly. As on 30 June 2018 the company had 85 branches with presence in 48 unique cities and 21 Hubs. 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 Finances promoter PNB sold 26 of its stake in the total issued subscribed and paidup share capital of the company to Destimoney Enterprises Private Limited DEPL.In 2010 PNB Housing Finance launched the business process reengineering 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 companys profit after tax crossed Rs 100 crore and assets under management crossed Rs 10000 crore. In 2015 the company implemented endtoend 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 Finances assets under management crossed Rs 25000 crore.In 2017 PNB Housing Finances 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 mediumterm 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.
OrganisationPNB Housing Finance Ltd
HeadquartersNew Delhi
IndustryFinance