PNB Housing Finance Ltd.
NSE: PNBHOUSINGPNB Housing Finance Ltd.: A 30-second snapshot
PNB Housing Finance (₹1,069.4) is a mid-sized housing finance company with a PE of 12.1x and forward PE of 10.2x — the lowest valuations in its Banking/NBFC peer group. FY26 results reported 19% YoY net profit growth and record retail disbursements, though the stock is flat over 12 months (-1.6%) despite a sharp 3-month recovery of 25.1%. The balance sheet carries D/E of 277.4 and zero FCF-positive years on record, consistent with an asset-heavy lending model.
P/E
12.1
Forward P/E
10.2
ROE
+12.7%
Debt / Equity
277.42
Profit Margin
+58.9%
Div. Yield
+0.5%
5Y ROE > 15%
0/5
5Y FCF > 0
0/5
Quality
60/100
News
8 headlines · 6 positive · 0 negative
PNB Housing FY26 Results Push Shares Up 9% on Profit Growth - HDFC Sky
HDFC Sky
India's PNB Housing Finance posts higher profit on robust loan growth, asset quality boost - marketscreener.com
marketscreener.com
PNB Housing Finance clears FY26 results and recommends Rs 8 dividend - TipRanks
TipRanks
PNBHOUSING: Record retail disbursements and improved asset quality drove 19% YoY net profit growth in Q4 FY26 - TradingView
TradingView
PNB Housing Finance clears FY26 results, proposes dividend and affirms regulatory compliance - TipRanks
TipRanks
Recent context
- ·FY26 annual results (announced April 20, 2026) reported higher net profit driven by loan growth and improved asset quality; shares rose approximately 9% on the announcement day per HDFC Sky coverage.
- ·Management affirmed regulatory compliance in the FY26 results disclosure; an ₹8 per share dividend was recommended, implying a yield of approximately 0.47% at current price.
- ·All 8 news articles in the sample are from the FY26 results cycle (April 20–21, 2026) and carry positive sentiment; there is no more recent coverage to indicate how the market has received the results beyond the initial reaction.
Strengths
- +Lowest PE in the peer set at 12.1x trailing and 10.2x forward, compared to peers ranging from 14.7x (Axis Bank) to 68.5x (HDFC Life), indicating compressed valuation relative to sector.
- +5-year revenue CAGR of 21.6% and earnings CAGR of 19.0% demonstrate top-line and bottom-line expansion through FY26.
- +Q4 FY26 results showed 19% YoY net profit growth alongside record retail disbursements and improved asset quality per management disclosure.
- +Quality score of 59/100 ranks 1st of 6 in the peer group, and RSI dividend of ₹8 was declared for FY26, indicating ongoing capital return.
Weaknesses
- −ROE of 12.7% is the lowest among the 6 tracked Banking/NBFC peers, with zero years of ROE exceeding 15% and a consistency score of 29/100 — the lowest possible tier on that measure.
- −D/E of 277.4 with a rising debt trend and zero FCF-positive years across the available history; internal capital generation has not kept pace with book expansion.
- −Stock up 25.1% in 3 months with RSI at 68.0 and now 21.1% above its 200-DMA; nearest support level is ₹827.7, approximately 22.6% below current price.
- −1-year price change of -1.6% means the 3-month rally has merely recovered prior losses; sustained upward price movement on a multi-year basis has not been established.
Open questions
- ?Does the 21.6% 5-year revenue CAGR reflect structural demand for affordable housing credit, or is it partly a function of the base effect following the company's earlier balance sheet restructuring?
- ?How has PNBHOUSING's net interest margin and credit cost trended over the last 4 quarters relative to peers, and does the Q4 FY26 asset quality improvement represent a durable shift?
- ?Given that D/E of 277.4 is rising and FCF has been negative across available history, what is the capital adequacy ratio trajectory and when does the company's next equity raise or borrowing program fall due?
- ?The quality score ranks 1st of 6 in the peer set despite the lowest ROE and consistency score — which specific sub-metrics are driving that ranking, and are they predictive of future earnings stability?
Peer comparison: Banking
Ranks 1 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| PNBHOUSING | PNB Housing Finance Ltd.You're viewing | 12.1 | +12.7% | 59 |
| Industry avg | across 5 peers | 31.7 | +14.2% | 39 |
| AXISBANK | Axis Bank Ltd. | 14.7 | +13.2% | 53 |
| BAJFINANCE | Bajaj Finance Ltd. | 29.8 | +17.9% | 53 |
| HDFCBANK | HDFC Bank Ltd. | 17.2 | +13.8% | 47 |
| BAJAJFINSV | Bajaj Finserv Ltd. | 28.4 | +14.6% | 23 |
| HDFCLIFE | HDFC Life Insurance Company Ltd. | 68.5 | +11.3% | 20 |
Technical state
Current price
₹1,069.40
SMA 50
₹899.10
SMA 200
₹883.34
RSI (14)
68.0 (neutral)
From 52w high
-5.9%
1Y return
-1.6%
3M return
+25.1%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highDebt-to-equity of 277.4 is structurally elevated; persistence block shows zero FCF-positive years across available history and zero years of ROE above 15%, with a rising debt trend — lending book is expanding faster than internal capital generation.
- mediumROE of 12.7% is the weakest among the 6 Banking/NBFC peers tracked (Bajaj Finance 17.9%, HDFC Bank 13.8%, Axis Bank 13.2%); consistency score of 29/100 reflects limited historical earnings stability across the available period.
- mediumRSI at 68.0 is elevated and the stock has rallied 25.1% over 3 months to ₹1,069.4, now 21.1% above the 200-DMA of ₹883.3; nearest listed support is ₹827.7, approximately 22.6% below current price.
- lowNews sample is thin at 8 articles — all from a narrow 2-day window around FY26 results; no ongoing coverage to assess sentiment persistence.
Cross-section contradictions
- ROE of 12.7% is the weakest in the peer set and consistency score is 29/100, yet PNBHOUSING has the lowest PE ratio (12.1x vs sector range 14.7x–68.5x) and ranks 1st of 6 on quality score — the quality ranking and the return/consistency metrics point in different directions.
- Stock up 25.1% over 3 months and within 5.9% of its 52-week high, while the 5-year FCF history shows zero positive years — short-term price momentum and longer-term capital-generation profile diverge materially.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 17 May 2026 · rotates through NIFTY 500 every ~5 days