Loading…
Indian housing finance company (PNB/Carlyle-backed) providing home loans and loans against property to individuals.
Indian housing finance company (PNB/Carlyle-backed) providing home loans and loans against property to individuals.
Earns the gap between what it charges on loans and what it pays to borrow from banks, bond investors and deposit holders, less credit losses; retail mortgages make up most of its loans. It has been cutting back builder and corporate lending to focus on retail mortgages.
Moat: narrow (distribution, brand). PNB brand legacy and branch reach aid sourcing, though it competes with larger bank home-loan books.
Headquarters: New Delhi, India · Founded: 1988 · Employees: 2,966
Size PNB Housing Finance (PNBHOUSING.NS) is an India Financials company (Finance/Rental/Leasing) with a market value of $3.03B, the 284th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,100 on 6 Nov 2026.
Performance Over six months the shares gained 4.6%, against -11.5% for the median peer and 0.0% for the India market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 10.9% over the last twelve months (peer median +9.0%); the operating margin is 31.4% (peer median 28.5%).
Valuation It trades at 1.42× book value against a peer median of 1.61× (10th cheapest of 21).
Price implies The share price implies a return on equity of about 19.4%; PNB Housing Finance delivers 12.3%, so the price asks more than the business earns today.
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹90.9B | ₹85.2B | ₹76.6B | ₹70.4B | ₹65.3B |
| Revenue growth | — | +11% | +9% | +8% | — |
| Gross profit | ₹37.5B | ₹70.0B | ₹61.8B | ₹56.5B | ₹51.4B |
| EBITDA | ₹29.2B | ₹63.1B | ₹57.5B | ₹47.8B | ₹29.9B |
| Net income | ₹23.5B | ₹22.9B | ₹19.4B | ₹15.1B | ₹10.5B |
| Free cash flow | n/a | ₹19.9B | ₹34.0B | ₹20.4B | ₹11.7B |
| Capital expenditure | n/a | ₹331M | ₹490M | ₹393M | ₹148M |
| Total debt | ₹619B | ₹540B | ₹451B | ₹377B | ₹368B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| PNB Housing Finance PNBHOUSING.NS | $3.03B | +5% | +11% | 12% | 1.42× | 19.4% |
| LIC Housing Finance LICHSGFIN.NS | $3.12B | -9% | -1% | 14% | 0.67× | 11.6% |
| Bajaj Housing Finance BAJAJHFL.NS | $7.05B | -9% | +17% | 12% | 2.77× | 41.1% |
| Can Fin Homes CANFINHOME.NS | $1.05B | -16% | +8% | 19% | 1.55× | 29.3% |
| Aavas Financiers AAVAS.NS | $955M | -20% | +12% | 14% | 1.67× | 24.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PNBHOUSING.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.7% | +3.8% | 6th lowest of 21 |
| 6-month return | +4.6% | -11.5% | 4th highest of 21 |
| Return on equity | 12.3% | 13.1% | 8th lowest of 21 |
| Price / book | 1.42× | 1.61× | 10th cheapest of 21 |
| Trailing P/E | 12.2× | 10.5× | 8th most expensive of 19 |
| ROE the price implies | 19.4% | 13.5% | 9th most demanding of 21 |
| ROE delivered | 12.3% | 13.3% | 6th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| PNB Housing Finance PNBHOUSING.NS | India | $3.03B | +5% | +11% | 12% | 1.42× | 19.4% | 12.3% |
| McGrath RentCorp MGRC | United States | $3.05B | +9% | +2% | 13% | 2.38× | 13.2% | 12.9% |
| Hercules Capital HTGC | United States | $3.06B | 0% | +40% | 16% | 1.32× | 10.4% | 15.7% |
| Marui 8252.T | Japan | $3.09B | -7% | +8% | 12% | 2.12× | 7.1% | 12.4% |
| SLM SLM | United States | $3.10B | -25% | -6% | 25% | 1.55× | 13.8% | 24.7% |
| LIC Housing Finance LICHSGFIN.NS | India | $3.12B | -9% | -1% | 14% | 0.67× | 11.6% | 14.3% |
| Cholamandalam Financial CHOLAHLDNG.NS | India | $2.89B | -17% | +18% | 17% | 1.77× | 26.2% | n/a |
| Manappuram Finance MANAPPURAM.NS | India | $3.23B | +3% | +5% | 7% | 1.90× | 33.0% | n/a |
| IIFL Finance IIFL.NS | India | $2.83B | +35% | +36% | 18% | 1.73× | 23.7% | 17.6% |
| Samsung Card 029780.KS | South Korea | $3.30B | -21% | +11% | 7% | 0.51× | 4.2% | n/a |
| Indian Renewable Energy Development Agency IREDA.NS | India | $3.31B | -18% | +17% | 14% | 2.18× | 42.4% | 14.4% |
| Housing & Urban Development HUDCO.NS | India | $3.39B | -30% | +22% | 22% | 1.39× | 31.5% | 21.7% |
| PennyMac Financial Services PFSI | United States | $3.41B | -28% | +4% | 6% | 0.78× | 10.2% | 5.6% |
| WillScot WSC | United States | $3.42B | -33% | -3% | -7% | 3.75× | 35.8% | -7.1% |
| Far East Horizon 3360.HK | Hong Kong | $3.44B | -25% | +1% | 8% | 0.45× | 4.5% | 7.6% |
| China Development Bank Financial Leasing 1606.HK | Hong Kong | $2.66B | +4% | -5% | 13% | 0.40× | 4.5% | 12.6% |
| Credit Saison 8253.T | Japan | $3.62B | -10% | +10% | 9% | 0.73× | 6.3% | 9.2% |
| Sixt SIX2.DE | Germany | $3.67B | +4% | +7% | 15% | 1.67× | 15.8% | 15.0% |
| Mizuho Leasing 8425.T | Japan | $2.45B | -13% | +16% | 13% | 0.77× | 6.0% | 13.3% |
| Capri Global Capital CGCL.NS | India | $2.44B | +20% | +53% | 18% | 2.90× | 21.5% | 17.9% |
| UWM UWMC | United States | $2.44B | -56% | +16% | 2% | 2.67× | 32.8% | 2.1% |