PNB Gilts

₹102.3 -2 | 1.9%

WEBSITE BSE:532366 NSE : PNB GILTS 10 May, 16:01

Market Cap ₹1841 Cr.

Stock P/E 26.5

P/B 1.4

Current Price ₹102.3

Book Value ₹ 73.9

Face Value 10

52W High ₹128.4

Dividend Yield 0%

52W Low ₹ 57.6

Edit Ratio

PNB Gilts Research see more...

Overview Inc. Year: 1996Industry: Finance - NBFC

PNB Gilts Ltd is engaged in dealing in govt. securities. The Company is engaged within the enterprise of NBFC. The Company's segments consist of T-Bills/CP/CD, Corp. Bonds & Debentures, Govt. Securities, Derivatives, Fixed Deposits and Mutual Fund Comm. The Company is likewise engaged in the offerings of National Securities Depository Limited (NSDL), as an corporation to provide remote e-voting facilities. As a provider, the Company's activities encompass assisting authorities borrowing software via underwriting of government securities issuances and buying and selling in a gamut of fixed income instruments, inclusive of government securities, treasury bills, state development loans, company bonds, interest rate swaps, and various money marketplace devices, consisting of certificate of deposits and business papers. It also gives Gilts Investment Services, and Gilts Call and Inter Corporate Deposit (ICD) carrier, amongst others. It is a subsidiary of Punjab National Bank.

PNB Gilts Share Price

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Peer Comparison

PNB Gilts Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Operating Revenue	262	242	283	339	297	310	443	347	385	474
Other Income	1	0	0	0	0	0	0	0	0	0
Total Income	264	242	283	340	297	310	443	347	385	474
Total Expenditure	143	49	212	85	33	18	13	67	34	13
Operating Profit	120	193	71	255	263	292	430	280	351	461
Interest Expense	136	133	186	255	251	280	354	325	361	371
Depreciation	0	0	0	0	0	1	4	4	4	4
Profit Before Tax	-16	59	-115	1	12	18	72	-49	-10	86
Provision for Tax	-10	10	-26	9	5	4	14	-8	5	18
Profit After Tax	-6	49	-89	-8	6	13	58	-41	-15	68
Adjustments	0	-0	0	0	0	-0	0	0	-0	0
Profit After Adjustments	-6	49	-89	-8	6	13	58	-41	-15	68
Adjusted Earnings Per Share	-0.3	2.7	-4.9	-0.4	0.3	0.7	3.2	-2.3	-0.9	3.8

PNB Gilts Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	288	346	410	366	503	402	521	926	1052	1051	1230	1649
Other Income	1	0	0	0	0	0	0	1	1	1	1	0
Total Income	289	346	410	367	503	402	522	927	1053	1052	1230	1649
Total Expenditure	11	13	16	39	21	70	35	72	31	336	346	127
Operating Profit	278	334	394	328	483	333	487	855	1022	716	884	1522
Interest Expense	189	243	261	276	226	331	404	522	397	513	976	1411
Depreciation	1	1	1	0	0	0	0	1	2	1	1	16
Profit Before Tax	89	91	133	51	257	1	83	250	614	210	-85	99
Provision for Tax	28	29	44	17	89	-0	30	63	160	44	-8	29
Profit After Tax	61	61	88	34	167	1	53	186	454	166	-77	70
Adjustments	0	0	0	0	0	0	0	0	0	-1	-0	0
Profit After Adjustments	61	61	88	34	167	1	53	186	454	165	-77	70
Adjusted Earnings Per Share	3.4	3.4	4.9	1.9	9.3	0.1	2.9	10.4	25.2	9.2	-4.3	3.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	17%	10%	25%	16%
Operating Profit CAGR	23%	1%	22%	12%
PAT CAGR	-146%	NAN%	NAN%	NAN%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	74%	25%	28%	19%
ROE Average	-6%	15%	14%	12%
ROCE Average	5%	6%	6%	7%

PNB Gilts Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	623	666	721	732	899	857	888	1043	1316	1427	1260
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Current Liability	3213	3891	4038	5037	3666	4395	8634	13207	10821	15323	20237
Other Liabilities & Provisions	-2	-2	-2	1	1	-14	-1	9	2	-1	-10
Total Liabilities	3834	4554	4757	5769	4565	5239	9521	14258	12140	16749	21487
Loans	0	0	0	0	0	0	0	0	0	0	0
Investments	182	695	328	640	443	4999	8818	0	0	2133	3520
Fixed Assets	4	4	3	3	3	3	3	4	3	3	7
Other Loans	7	7	9	10	15	14	18	60	85	137	180
Other Non Current Assets	0	0	0	0	0	0	0	0	0	0	13
Current Assets	3640	3848	4418	5116	4104	223	682	14194	12052	14475	17767
Total Assets	3834	4554	4757	5769	4565	5239	9521	14258	12140	16749	21487

PNB Gilts Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	102	296	318	392	21	0	0	0	1	1	50
Cash Flow from Operating Activities	-696	-94	-366	-1088	1213	-800	-3843	-3898	2483	-4564	-4638
Cash Flow from Investing Activities	-8	-513	368	-313	197	-0	-0	-1	-1	-1	-14
Cash Flow from Financing Activities	898	630	71	1030	-1431	800	3844	3900	-2481	4613	4618
Net Cash Inflow / Outflow	194	22	74	-370	-20	0	-0	1	1	49	-35
Closing Cash & Cash Equivalent	296	318	392	21	1	0	0	1	1	50	15

PNB Gilts Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	3.4	3.41	4.9	1.92	9.29	0.08	2.94	10.35	25.23	9.21	-4.29
CEPS(Rs)	3.44	3.44	4.95	1.94	9.31	0.11	2.96	10.43	25.33	9.27	-4.21
DPS(Rs)	1	0.9	1.5	1.1	2.5	1	1.4	3	10	5	0
Book NAV/Share(Rs)	34.61	36.97	40.05	40.65	49.93	47.61	49.31	57.92	73.13	79.29	70
Net Profit Margin	21.26	17.74	21.54	9.41	33.22	0.35	10.14	20.13	43.17	15.77	-6.28
Operating Margin	96.31	96.36	95.92	89.27	95.84	82.54	93.34	83.41	96.1	68.78	72.41
PBT Margin	30.81	26.22	32.34	14.05	50.98	0.33	15.92	26.98	58.4	20	-6.92
ROA(%)	1.83	1.46	1.9	0.66	3.24	0.03	0.72	1.57	3.44	1.15	-0.4
ROE(%)	10.2	9.53	12.73	4.75	20.51	0.16	6.06	19.31	38.5	12.08	-5.75
ROCE(%)	8.5	8.15	8.72	6.39	9.58	6.89	6.78	6.92	8.29	5.33	4.89
Price/Earnings(x)	5.46	4.99	6.08	13.07	5.73	443.38	10.68	2.32	1.9	6.47	0
Price/Book(x)	0.54	0.46	0.74	0.62	1.07	0.73	0.64	0.41	0.66	0.75	0.82
Dividend Yield(%)	4.04	5.29	5.03	4.39	4.69	2.87	4.47	12.5	20.83	8.39	0
EV/Net Sales(x)	10.97	10.85	9.77	14.6	8.89	12.16	16.67	13.6	10.19	14.8	16.22
EV/Core EBITDA(x)	11.36	11.25	10.16	16.33	9.27	14.71	17.85	14.73	10.49	21.72	22.57
Interest Earned Growth(%)	59.89	20.1	18.45	-10.58	37.32	-20.05	29.6	77.56	13.64	-0.12	17.04
Net Profit Growth	190.92	0.22	43.8	-60.92	384.61	-99.15	3637.38	252.56	143.68	-63.51	-146.6
EPS Growth(%)	190.9	0.22	43.8	-60.92	384.6	-99.15	3635.88	252.56	143.68	-63.51	-146.6
Interest Coverage(x) %	1.47	1.37	1.51	1.19	2.14	1	1.21	1.48	2.55	1.41	0.91

PNB Gilts Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.07	74.07	74.07	74.07	74.07	74.07	74.07	74.07	74.07	74.07
FII	0.6	0.51	0.45	0.31	0.33	0.24	0.01	0.04	0.01	0.02
DII	0	0	0	0	0	0	0	0	0	0
Public	25.33	25.42	25.48	25.62	25.6	25.69	25.92	25.89	25.92	25.91
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	13.33	13.33	13.33	13.33	13.33	13.33	13.33	13.33	13.33	13.33
FII	0.11	0.09	0.08	0.06	0.06	0.04	0	0.01	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	4.56	4.58	4.59	4.61	4.61	4.62	4.67	4.66	4.67	4.66
Others	0	0	0	0	0	0	0	0	0	0
Total	18	18	18	18	18	18	18	18	18	18

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Cons

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