PNB Housing Finance logo

PNB Housing Finance share price

NSE: PNBHOUSINGBSE: 540173FinanceSmall Cap

PNB Housing Finance Limited · Face value ₹10 · Listed Nov 2016
Last close ₹1,080.00down ₹6.00 (0.55%)BSE ₹1,090.00

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

52-week range of traded prices to 27 Oct 2026
₹729.60Low, 9 Mar 2026₹1,224.80High, 13 Oct 2026
Market cap
₹28,167 Cr313th largest listed
P/E
12.17
P/B
1.47
Dividend yield
0.74%
ROE
12.8%
NIM
3.67%
Cost of funds
7.49%
Credit cost
−0.48%
ROA
2.60%
Leverage
4.88times net worth
Volume, NSE
6,31,96955.9% delivered

PNB Housing Finance share price chart

Daily closes since Nov 2016, adjusted for splits and bonuses

+16.4%over a year · Nifty 500 −8.8%

Results20-session average 8,33,955 shares a day, 49.3% 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, ₹ crore2526
    Itemquarter to Jun 2026quarter to Jun 2025
    Prime52,78048,478
    Emerging Markets27,67622,701
    Affordable Housing8,5565,744
    Emerging Markets and Affordable Housing together were 41% of retail loans at the end of June 2026.
  • 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

  • The company had 404 branches at the end of June 2026, after adding 12 in the quarter.38
  • Top 5 states by share of retail loans39
    Itemquarter to Jun 2026quarter to Jun 2025
    Maharashtra18.8%21.0%
    Tamil Nadu12.2%12.1%
    Delhi NCR11.3%11.0%
    Karnataka9.0%8.7%
    Telangana8.5%9.0%

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. 1. Annual report, 23 Jul 2026, page 69
  2. 2. Annual report, 23 Jul 2026, page 59
  3. 3. Annual report, 23 Jul 2026, page 1
  4. 4. Annual report, 23 Jul 2026, page 5
  5. 5. Annual report, 23 Jul 2026, page 3
  6. 6. Annual report, 23 Jul 2026, page 10
  7. 7. Annual report, 23 Jul 2026, page 51
  8. 8. Annual report, 23 Jul 2026, page 6
  9. 9. Annual report, 23 Jul 2026, page 46
  10. 10. Annual report, 23 Jul 2026, page 69
  11. 11. Annual report, 23 Jul 2026, page 39
  12. 12. Exchange filing, 7 Oct 2026, page 3
  13. 13. Annual report, 23 Jul 2026, page 5
  14. 14. Annual report, 23 Jul 2026, page 63
  15. 15. Annual report, 23 Jul 2026, page 47
  16. 16. Annual report, 23 Jul 2026, page 61
  17. 17. Investor presentation, 4 Aug 2026, page 4
  18. 18. Earnings call, 5 Aug 2026, page 6
  19. 19. Investor presentation, 4 Aug 2026, page 33
  20. 20. Earnings call, 5 Aug 2026, page 7
  21. 21. Annual report, 23 Jul 2026, page 10
  22. 22. Annual report, 23 Jul 2026, page 58
  23. 23. Annual report, 23 Jul 2026, page 10
  24. 24. Investor presentation, 4 Aug 2026, page 4
  25. 25. Investor presentation, 4 Aug 2026, page 12
  26. 26. Investor presentation, 4 Aug 2026, page 12
  27. 27. Annual report, 23 Jul 2026, page 9
  28. 28. Annual report, 23 Jul 2026, page 13
  29. 29. Annual report, 23 Jul 2026, page 42
  30. 30. Earnings call, 5 Aug 2026, page 5
  31. 31. Investor presentation, 4 Aug 2026, page 23
  32. 32. Investor presentation, 4 Aug 2026, page 5
  33. 33. Investor presentation, 4 Aug 2026, page 4
  34. 34. Earnings call, 5 Aug 2026, page 6
  35. 35. Investor presentation, 4 Aug 2026, page 4
  36. 36. Earnings call, 5 Aug 2026, page 5
  37. 37. Annual report, 23 Jul 2026, page 59
  38. 38. Earnings call, 5 Aug 2026, page 5
  39. 39. Investor presentation, 4 Aug 2026, page 11
  40. 40. Earnings call, 5 Aug 2026, page 6
  41. 41. Earnings call, 5 Aug 2026, page 13
  42. 42. Earnings call, 5 Aug 2026, page 10
  43. 43. Investor presentation, 4 Aug 2026, page 9
  44. 44. Earnings call, 5 Aug 2026, page 4
  45. 45. Exchange filing, 6 Oct 2026, page 1
  46. 46. Exchange filing, 7 Oct 2026, page 2
  47. 47. Annual report, 23 Jul 2026, page 10
  48. 48. Annual report, 23 Jul 2026, page 27
  49. 49. Annual report, 23 Jul 2026, page 63
  50. 50. Exchange filing, 23 Dec 2025, page 1
  51. 51. Exchange filing, 23 Dec 2025, page 2
  52. 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 months
+9.8%
Net profit growth, 12 months
+13.7%

Quarter to Jun 2026, against the quarter before

Income from operations
₹2,253 Crup 3.81%
Net profit
₹555 Crdown 14.52%

Income from operations by quarter

₹1,868 CrSep 24₹1,923 CrDec 24₹2,030 CrMar 25₹2,064 CrJun 25₹2,168 CrSep 25₹2,110 CrDec 25₹2,170 CrMar 26₹2,253 CrJun 26
Peak income from operations ₹2,253 Cr, quarter to Jun 2026; lowest ₹1,868 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

₹472 CrSep 24₹471 CrDec 24₹567 CrMar 25₹532 CrJun 25₹626 CrSep 25₹521 CrDec 25₹649 CrMar 26₹555 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Income from operations1,8681,9232,0302,0642,1682,1102,1702,253
Net profit472471567532626521649555
Standalone. The last eight quarters. The latest is shaded.

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

Price to earnings

At or below today's level on 50% of 2,252 trading days since Aug 2017.

LowestHighest
Its median12.25Industry median12.52
Price to book

At or below today's level on 77% of 1,738 trading days since Jan 2019.

LowestHighest
Its median1.23Industry median1.26
Dividend yield

At or below today's level on 81% of 2,399 trading days since Jan 2017.

LowestHighest
Its median0.00%Industry median1.96%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.PNB Housing Finance shareholding pattern

Shareholding by group

  • Promoters28.01%
  • Foreign institutions14.19%
  • Indian institutions49.29%
  • Individuals and others8.51%
Holder
Punjab National BankPromoter28.01%
Sbi Life Insurance Co. LtdInsurance companies2.69%
Pi Opportunities Aif V LlpAlternative investment funds2.41%
Tata Aia Life Insurance Co Ltd-Whole Life Mid Cap Equity Fund-Ulif 009 04/01/07 Wle 110Insurance companies1.33%
Hdfc Life Insurance Company LimitedInsurance companies1.04%
Vanguard Total International Stock Index FundForeign portfolio investors, category I1.00%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters −0.02 pts, foreign institutions −2.62 pts, Indian institutions +3.58 pts, mutual funds +2.84 pts.

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 time
5
Bought again
6
Added
46
Cut
51
Held unchanged
102
Sold out
4
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

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

Return on equity across, P/E up, size is market cap
Company
Bajaj Housing Finance logoBajaj Housing FinanceBAJAJHFL64,69223.052.69+17.2%+18.9%12.4%2.23%3.29%0.00%
LIC Housing Finance logoLIC Housing FinanceLICHSGFIN28,0534.890.68+0.4%+4.3%14.8%1.75%2.68%1.96%
Aadhar Housing Finance logoAadhar Housing FinanceAADHARHFC19,09916.742.53+17.7%+20.2%16.4%4.33%8.09%0.00%
Sammaan Capital logoSammaan CapitalSAMMAANCAP13,272–0.70−17.1%–−35.5%−9.89%−0.06%0.00%
Home First Finance Company India logoHome First Finance Company IndiaHOMEFIRST10,63117.162.28+19.2%+36.9%14.3%3.95%6.99%0.51%
Aptus Value Housing Finance India logoAptus Value Housing Finance IndiaAPTUS10,10310.262.00+22.9%+23.3%21.0%7.76%11.34%2.23%
Can Fin Homes logoCan Fin HomesCANFINHOME9,6608.381.51+7.9%+25.1%19.4%2.54%3.84%2.07%
Aavas Financiers logoAavas FinanciersAAVAS9,02012.801.67+12.1%+16.8%14.0%3.29%6.75%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROA is the year's profit over average total assets. NIM is net interest income over average loans and investments. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.

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

6Mar 179Mar 189Mar 19Mar 20Mar 21Mar 22Mar 23Mar 245Mar 258Mar 26
Highest ₹9.00 a share, years to Mar 2018 and Mar 2019.
Ex-dateTypePer share
31 Jul 2026Final₹8.00
1 Aug 2025Final₹5.00
19 Jul 2019Final₹9.00
19 Jul 2018Final₹9.00
25 Jul 2017Final₹6.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.PNB Housing Finance announcements

PNB Housing Finance share price by year

Each calendar year to 2025.PNB Housing Finance share price history

YearClose at year endChangeHighest closeLowest close
2025951.50+8.4%1,126.20753.60
2024877.70+12.4%1,137.05611.85
2023780.75+46.3%819.95411.55
2022533.55+7.7%533.55312.80
2021495.35+35.9%881.40335.35
2020364.40−16.1%570.80148.90
2019434.20−53.0%979.65380.00
2018923.45−31.1%1,419.65700.65
20171,340.35+59.5%1,687.60803.30
2016840.10–977.95797.70
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2016 is from its first session, 7 Nov 2016.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 20261,082.801,103.901,056.201,086.001,087.445,21,73144.7%
23 Oct 20261,132.701,137.601,074.601,089.101,094.226,08,99247.6%
22 Oct 20261,132.001,146.801,119.801,138.501,132.212,71,38331.1%
21 Oct 20261,147.901,168.501,140.401,146.001,152.196,11,58851.9%
19 Oct 20261,168.501,174.201,146.701,147.901,155.083,52,95450.8%
16 Oct 20261,187.901,187.901,162.301,167.701,169.484,70,09050.8%
15 Oct 20261,200.001,207.701,175.401,183.901,185.604,62,06551.7%
14 Oct 20261,220.901,220.901,198.801,200.001,206.937,35,60855.7%
13 Oct 20261,205.001,224.801,191.601,224.801,208.3710,30,03740.5%
Prices in ₹ per share as traded, not adjusted.

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-dateEventPrice factorWhat happened
5 Apr 2023Rights issue–Shareholders were offered new shares. Noted, not adjusted for.
Each event is noted and not adjusted for.

Company details

Chairperson
Devendran Surendran
At the end of the quarter to Sep 2026
Managing director and CEO
Ajai Kumar Shukla
At the end of the quarter to Sep 2026
NSE symbol
PNBHOUSING
BSE code
540173
ISIN
INE572E01012
Industry
Finance
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