PNB Housing Finance share price
NSE: PNBHOUSINGBSE: 540173FinanceSmall Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹1,086.00.
27 Oct: open ₹1,084.90, high ₹1,090.30, low ₹1,068.70
- Next results date: the board meets on 28 Oct 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹28,167 Cr313th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 12.17
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.47
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.74%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 12.8%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Net interest margin in the glossary
- 3.67%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Cost of funds in the glossary
- 7.49%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Credit cost in the glossary
- −0.48%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026. Return on assets in the glossary
- 2.60%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Assets per rupee of net worth in the glossary
- 4.88times net worth
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 6,31,96955.9% delivered
About PNB Housing Finance
PNB Housing Finance Limited is a deposit-taking housing finance company, registered with the National Housing Bank, that lends to individuals and companies to buy, build, repair and upgrade homes.1 It also offers loans against property and loans for commercial space and residential plots, and takes deposits from the public.12 Its registered office is in New Delhi, and it serves customers across income groups and regions of India.34
Its retail loans are offered through Prime, Emerging Markets and Affordable Housing, whose brand is Roshni and which serves low and middle-income families.56 Its brand line is Ghar Ki Baat Pakki, Jab Support Ho Pakka.7 The company describes itself as India's third-largest housing finance company by loan assets.5 It serves customers in 21 states through its branches and over 14,000 channel partners.89
It was incorporated on 11 Nov 1988 and listed its shares on the NSE and BSE after its initial public offering in November 2016.1011 Punjab National Bank is its promoter and held 28.0% of its shares at the end of March 2026.1213 Quality Investment Holdings PCC sold shares representing 10.44% of the company's equity in the open market on 2 May 2025.14 Its wholly owned subsidiary PHFL Home Loans and Services is its distribution arm and drove over 70% of its customer sourcing in the year to Mar 2026; another, PEHEL Foundation, carries out its corporate social responsibility work.1516
PNB Housing Finance key points
Results
- In the quarter to Jun 2026, consolidated net profit rose 4% to ₹557 crore from ₹533 crore, giving return on assets (profit as a share of average assets) of 2.37% and return on equity (profit as a share of shareholders' funds) of 11.44%.1718
- Consolidated net interest income (interest earned minus interest paid) was ₹803 crore in the quarter to Jun 2026, against ₹760 crore a year earlier; pre-provision operating profit (profit before bad-loan provisions and tax) rose 9% to ₹689 crore.1920
- In the year to Mar 2026, consolidated net profit rose 18% to ₹2,291 crore, net interest income rose 13.10% to ₹3,109.78 crore and pre-provision operating profit rose 11.04% to ₹2,584.45 crore.2122
- Gross non-performing assets (loans on which borrowers have stopped paying) fell below 1% of loans for the first time in March 2026, at 0.93%, and were 0.95% at the end of June 2026.2324
Business segments
- Retail loan book by segment, ₹ crore2526Emerging Markets and Affordable Housing together were 41% of retail loans at the end of June 2026.
Item quarter to Jun 2026 quarter to Jun 2025 Prime 52,780 48,478 Emerging Markets 27,676 22,701 Affordable Housing 8,556 5,744 - Prime serves customers with established credit profiles; Emerging Markets lends mainly in suburbs of Tier 1 and Tier 2 markets, and Affordable Housing in Tier 2 and Tier 3 cities.2728
- Corporate loans. Lending to property developers restarted in the year to Mar 2026; the corporate loan book was ₹493 crore at the end of June 2026, after about ₹215 crore lent in that quarter.2930
- Retail loan mix. Individual home loans were 67% of retail loans and salaried borrowers 59% at the end of June 2026. In that quarter, 95% of fresh sanction volume had a ticket size below ₹1 crore and 87% of loans booked had a credit bureau score above 700.31
Loan book and deposits
- Assets under management (including loans sold to others) were ₹93,021 crore at the end of June 2026; the own loan book rose 15% to ₹89,670 crore and retail loans 16% to ₹89,178 crore.3233
- Disbursements (new loans paid out) grew 18% to ₹5,882 crore in the quarter to Jun 2026, as reported after the company began counting a loan as disbursed when its cheque is realised.3435
- In the quarter to Jun 2026, loans yielded 9.48% and borrowings cost 7.36%, a spread of 2.12%; net interest margin (net interest income as a share of earning assets) was 3.50%.36
- Deposits, including interest due, were ₹18,055.44 crore at the end of March 2026; ₹6,307 crore of new and renewed deposits were raised in the year to Mar 2026.37
Branches and reach
What the company expects
- On its earnings call of 5 Aug 2026, the company said it kept its guidance for the year to Mar 2027 of 18% to 20% growth in its loan book and 50% to 60% in Affordable Housing loans.40
- On its earnings call of 5 Aug 2026, the company said it expects Emerging Markets and Affordable Housing to reach 45% of its overall loan book in the year to Mar 2027 and 50% a year later.41
- On its earnings call of 5 Aug 2026, the company said it expects return on assets of about 2.4% in the year to Mar 2027 and 2.3% to 2.35% over the long term.42
- In its presentation of 4 Aug 2026, the company said it plans ₹700 crore of Emerging Developer Finance (loans to property developers) in the year to Mar 2027, after ₹71 crore in the quarter to Jun 2026.4344
Recent events
- On 6 Oct 2026, CRISIL upgraded the company's long-term rating to AAA (the top grade for debt safety) from AA+, giving it AAA ratings from all 4 agencies, after India Ratings (November 2025), CARE Ratings (7 May 2026) and ICRA (August 2026).454647
- Ajai Kumar Shukla joined the company on 18 Dec 2025 as Managing Director and CEO; his predecessor Girish Kousgi's resignation took effect on 28 Oct 2025.4849
Litigation and regulatory matters
- In its filing of 23 Dec 2025, the company reported an income tax demand of ₹107,92,10,700 for assessment years 2019-20 and 2020-21; it planned to seek rectification and had already appealed the same disallowances to the Income Tax Appellate Tribunal. It expects no material impact.5051
- In its presentation of 4 Aug 2026, the company said a loan account reported as fraud in July 2026 was a legacy account fully written off in an earlier year, with no financial impact.52
Last updated
All 52 sources, each with its page
- 1. Annual report, 23 Jul 2026, page 69
- 2. Annual report, 23 Jul 2026, page 59
- 3. Annual report, 23 Jul 2026, page 1
- 4. Annual report, 23 Jul 2026, page 5
- 5. Annual report, 23 Jul 2026, page 3
- 6. Annual report, 23 Jul 2026, page 10
- 7. Annual report, 23 Jul 2026, page 51
- 8. Annual report, 23 Jul 2026, page 6
- 9. Annual report, 23 Jul 2026, page 46
- 10. Annual report, 23 Jul 2026, page 69
- 11. Annual report, 23 Jul 2026, page 39
- 12. Exchange filing, 7 Oct 2026, page 3
- 13. Annual report, 23 Jul 2026, page 5
- 14. Annual report, 23 Jul 2026, page 63
- 15. Annual report, 23 Jul 2026, page 47
- 16. Annual report, 23 Jul 2026, page 61
- 17. Investor presentation, 4 Aug 2026, page 4
- 18. Earnings call, 5 Aug 2026, page 6
- 19. Investor presentation, 4 Aug 2026, page 33
- 20. Earnings call, 5 Aug 2026, page 7
- 21. Annual report, 23 Jul 2026, page 10
- 22. Annual report, 23 Jul 2026, page 58
- 23. Annual report, 23 Jul 2026, page 10
- 24. Investor presentation, 4 Aug 2026, page 4
- 25. Investor presentation, 4 Aug 2026, page 12
- 26. Investor presentation, 4 Aug 2026, page 12
- 27. Annual report, 23 Jul 2026, page 9
- 28. Annual report, 23 Jul 2026, page 13
- 29. Annual report, 23 Jul 2026, page 42
- 30. Earnings call, 5 Aug 2026, page 5
- 31. Investor presentation, 4 Aug 2026, page 23
- 32. Investor presentation, 4 Aug 2026, page 5
- 33. Investor presentation, 4 Aug 2026, page 4
- 34. Earnings call, 5 Aug 2026, page 6
- 35. Investor presentation, 4 Aug 2026, page 4
- 36. Earnings call, 5 Aug 2026, page 5
- 37. Annual report, 23 Jul 2026, page 59
- 38. Earnings call, 5 Aug 2026, page 5
- 39. Investor presentation, 4 Aug 2026, page 11
- 40. Earnings call, 5 Aug 2026, page 6
- 41. Earnings call, 5 Aug 2026, page 13
- 42. Earnings call, 5 Aug 2026, page 10
- 43. Investor presentation, 4 Aug 2026, page 9
- 44. Earnings call, 5 Aug 2026, page 4
- 45. Exchange filing, 6 Oct 2026, page 1
- 46. Exchange filing, 7 Oct 2026, page 2
- 47. Annual report, 23 Jul 2026, page 10
- 48. Annual report, 23 Jul 2026, page 27
- 49. Annual report, 23 Jul 2026, page 63
- 50. Exchange filing, 23 Dec 2025, page 1
- 51. Exchange filing, 23 Dec 2025, page 2
- 52. Investor presentation, 4 Aug 2026, page 4
Results
Standalone, as consolidated accounts are on record for only 9 of the last ten years; ₹ crore. Income from operations is what the business earns: interest on loans, fees, dividends and the rest.PNB Housing Finance quarterly results
- Income from operations growth, 12 monthsIncome from operations growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +9.8%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +13.7%
Quarter to Jun 2026, against the quarter before
- Income from operationsIncome from operations. The pill is the change in income from operations against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹2,253 Crup 3.81%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹555 Crdown 14.52%
Income from operations by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income from operations | 1,868 | 1,923 | 2,030 | 2,064 | 2,168 | 2,110 | 2,170 | 2,253 |
| Net profit | 472 | 471 | 567 | 532 | 626 | 521 | 649 | 555 |
Year to Mar 2026, against the year before
- Income from operationsIncome from operations. The pill is the change in income from operations against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹8,511 Crup 11.51%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,328 Crup 19.44%
Income from operations by year
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income from operations | 3,908 | 5,516 | 7,481 | 8,478 | 7,565 | 6,141 | 6,491 | 7,014 | 7,633 | 8,511 |
| Net profit | 524 | 831 | 1,081 | 682 | 925 | 822 | 1,056 | 1,527 | 1,949 | 2,328 |
Business segments
In the year to Mar 2026 the company reports one business segment, HOUSING FINANCE, which carries all its revenue.
Valuation
Today, against the company's own history.PNB Housing Finance PE ratio and valuation
At or below today's level on 50% of 2,252 trading days since Aug 2017.
At or below today's level on 77% of 1,738 trading days since Jan 2019.
At or below today's level on 81% of 2,399 trading days since Jan 2017.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −13.3% | +19.2% | −28.1% | 1.1% |
| 3 years | +14.3% | +12.6% | +1.0% | 0.5% |
| 5 years | +15.4% | +10.2% | +4.4% | 0.3% |
Mutual fund holdings
212 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 66 of the 97 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 212 funds holding PNB Housing Finance
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 5
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 6
- AddedAdded. Funds that held more shares than at the end of the month before.
- 46
- CutCut. Funds that held fewer shares than at the end of the month before.
- 51
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 102
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 4
| Fund | |||
|---|---|---|---|
| 47,95,584 | 3.13% | ₹537.1 Cr | |
| 47,48,659 | 0.66% | ₹531.8 Cr | |
| 42,19,119 | 1.32% | ₹472.5 Cr | |
| 35,73,786 | 1.43% | ₹400.3 Cr | |
| 35,57,400 | 2.72% | ₹398.4 Cr | |
| 33,83,228 | 1.24% | ₹378.9 Cr | |
| 32,34,387 | 1.96% | ₹362.3 Cr | |
| 26,24,055 | 2.10% | ₹293.9 Cr | |
| 25,47,873 | 1.33% | ₹285.4 Cr | |
| 24,00,000 | 1.38% | ₹268.8 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.PNB Housing Finance insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade · 20 pledge filings of unclear kind
PNB Housing Finance competitors and peers
Housing Finance Company, 19 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to PNB Housing Finance in market cap.Finance companies
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 64,692 | 23.05 | 2.69 | +17.2% | +18.9% | 12.4% | 2.23% | 3.29% | 0.00% | |
| 28,053 | 4.89 | 0.68 | +0.4% | +4.3% | 14.8% | 1.75% | 2.68% | 1.96% | |
| 19,099 | 16.74 | 2.53 | +17.7% | +20.2% | 16.4% | 4.33% | 8.09% | 0.00% | |
| 13,272 | – | 0.70 | −17.1% | – | −35.5% | −9.89% | −0.06% | 0.00% | |
| 10,631 | 17.16 | 2.28 | +19.2% | +36.9% | 14.3% | 3.95% | 6.99% | 0.51% | |
| 10,103 | 10.26 | 2.00 | +22.9% | +23.3% | 21.0% | 7.76% | 11.34% | 2.23% | |
| 9,660 | 8.38 | 1.51 | +7.9% | +25.1% | 19.4% | 2.54% | 3.84% | 2.07% | |
| 9,020 | 12.80 | 1.67 | +12.1% | +16.8% | 14.0% | 3.29% | 6.75% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.PNB Housing Finance dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 31 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹8.00 |
| 1 Aug 2025 | Final | ₹5.00 |
| 19 Jul 2019 | Final | ₹9.00 |
| 19 Jul 2018 | Final | ₹9.00 |
| 25 Jul 2017 | Final | ₹6.00 |
Latest announcements
Routine notices left out.PNB Housing Finance announcements
Oct 2026
23 Oct · Business
16 Oct · Board meeting
6 Oct · Rating
Sep 2026
25 Sep · Rating
PNB Housing Finance share price by year
Each calendar year to 2025.PNB Housing Finance share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 951.50 | +8.4% | 1,126.20 | 753.60 |
| 2024 | 877.70 | +12.4% | 1,137.05 | 611.85 |
| 2023 | 780.75 | +46.3% | 819.95 | 411.55 |
| 2022 | 533.55 | +7.7% | 533.55 | 312.80 |
| 2021 | 495.35 | +35.9% | 881.40 | 335.35 |
| 2020 | 364.40 | −16.1% | 570.80 | 148.90 |
| 2019 | 434.20 | −53.0% | 979.65 | 380.00 |
| 2018 | 923.45 | −31.1% | 1,419.65 | 700.65 |
| 2017 | 1,340.35 | +59.5% | 1,687.60 | 803.30 |
| 2016 | 840.10 | – | 977.95 | 797.70 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 1,082.80 | 1,103.90 | 1,056.20 | 1,086.00 | 1,087.44 | 5,21,731 | 44.7% |
| 23 Oct 2026 | 1,132.70 | 1,137.60 | 1,074.60 | 1,089.10 | 1,094.22 | 6,08,992 | 47.6% |
| 22 Oct 2026 | 1,132.00 | 1,146.80 | 1,119.80 | 1,138.50 | 1,132.21 | 2,71,383 | 31.1% |
| 21 Oct 2026 | 1,147.90 | 1,168.50 | 1,140.40 | 1,146.00 | 1,152.19 | 6,11,588 | 51.9% |
| 19 Oct 2026 | 1,168.50 | 1,174.20 | 1,146.70 | 1,147.90 | 1,155.08 | 3,52,954 | 50.8% |
| 16 Oct 2026 | 1,187.90 | 1,187.90 | 1,162.30 | 1,167.70 | 1,169.48 | 4,70,090 | 50.8% |
| 15 Oct 2026 | 1,200.00 | 1,207.70 | 1,175.40 | 1,183.90 | 1,185.60 | 4,62,065 | 51.7% |
| 14 Oct 2026 | 1,220.90 | 1,220.90 | 1,198.80 | 1,200.00 | 1,206.93 | 7,35,608 | 55.7% |
| 13 Oct 2026 | 1,205.00 | 1,224.80 | 1,191.60 | 1,224.80 | 1,208.37 | 10,30,037 | 40.5% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Rights issue and offer for sale history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 5 Apr 2023 | Rights issue | – | Shareholders were offered new shares. Noted, not adjusted for. |
Company details
- NSE symbol
- PNBHOUSING
- BSE code
- 540173
- ISIN
- INE572E01012
- Industry
- Finance
- Website
- www.pnbhousing.com
- CIN
- L65922DL1988PLC033856
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1988
- Registered office
- 9th Floor, Antriksh Bhavan, 22 Kasturba Gandhi Marg, New Delhi 110001, Delhi
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments