Is PNB Gilts a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that PNB Gilts Ltd is a average quality company .

Is PNB Gilts undervalued or overvalued?

The key valuation ratios of PNB Gilts Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is PNB Gilts share price return in the past 10 years?

PNB Gilts Ltd share price has appreciated 15% annually (CAGR) over the past ten years.

Is PNB Gilts a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of PNB Gilts Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

PNB Gilts Ltd - Stock Valuation and Financial Performance

Name: PNB Gilts
Brand: PNB Gilts

BSE: 532366 | NSE: PNBGILTS | Finance - NBFC | Small Cap

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PNB Gilts Share Price

₹112.15 -1.20 -1.06%
as on 21-Nov'24 16:59

10 Year X-Ray of PNB Gilts:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Operating Income (₹ Cr.)	410	366	503	402	521	926	1,052	1,051	1,230	1,576	1,602
YoY Gr. Rt. %	-	-10.6%	37.3%	-20.1%	29.6%	77.6%	13.6%	-0.1%	17%	28.2%	-
Adj EPS (₹ )	4.9	1.9	9.3	0.1	2.9	10.4	25.2	9.2	-4.3	3.9	12.3
YoY Gr. Rt. %	-	-60.8%	383.9%	-99.1%	3575%	252%	143.8%	-63.5%	-146.6%	NA	-
BVPS (₹ )	40.1	40.7	49.9	47.6	49.3	57.9	73.1	79.3	70	73.9	82.2
YoY Gr. Rt. %	-	1.5%	22.8%	-4.7%	3.6%	17.5%	26.3%	8.4%	-11.7%	5.5%	-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)	1.9	0.7	3.2	0	0.7	1.6	3.4	1.2	-0.4	0.3	0

CAGR ⓘ

CAGR Colour Code Guide ⓘ


	9 Years	5 Years	3 Years	1 Years
Net Interest Income	16.2%	24.8%	14.4%	28.2%
Adj EPS	-2.6%	5.6%	-46.5%	NA
BVPS	7%	8.4%	0.3%	5.5%
Share Price	15%	32.3%	19.2%	12.7%

Key Financial Ratios


RATIOS \ YEARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Asset Quality Ratio	To view Asset Quality Ratio Colour Rating Guide click here ⓘ
Net NPA to Net Advances (%)	0	0	0	0	0	0	0	0	0	0	-
Capitalization Ratio	To view Capitalization Ratio Colour Rating Guide click here ⓘ
Capital Adequacy Ratio (%)	0	0	0	0	0	0	0	0	0	0	-
Margins
Net Profit Margin (%)	21.5	9.4	33.2	0.4	10.1	20.1	43.2	15.8	-6.3	4.4	13.8
Performance Ratios	To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)	12.7	4.8	20.5	0.2	6.1	19.3	38.5	12.1	-5.8	5.4	14.9

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.70%

Total Income has increased 14.43 CAGR in last 3 years

Total income growth is good in last 4 quarters

Net Profit has declined -46.52 CAGR in last 3 years

Latest Financials - PNB Gilts Ltd.

	Standalone	Consolidated
TTM EPS (₹)	12.3	-
TTM Sales (₹ Cr.)	1,602	-
BVPS (₹.) ⓘ	82.2	-
Reserves (₹ Cr.) ⓘ	1,300	-
P/BV ⓘ	1.38	-
PE ⓘ	9.24	-

From the Market
52 Week Low / High (₹)	89.54 / 149.25
All Time Low / High (₹)	9.07 / 149.25
Market Cap (₹ Cr.)	2,040
Equity (₹ Cr.)	180
Face Value (₹)	10
Industry PE ⓘ	27.8

Management X-Ray of PNB Gilts:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of PNB Gilts

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of PNB Gilts

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Income	410	367	503	402	522	927	1,053	1,052	1,230	1,578
Interest Income	410	366	503	402	521	926	1,052	1,051	1,230	1,576
Other Income ⓘ	0	0	0	0	0	1	1	1	1	2
Expenditure ⓘ	277	315	247	401	439	595	430	850	1,323	1,483
Interest Expense ⓘ	261	276	226	331	404	522	397	513	976	1,414
Operating Expenses ⓘ	14	14	15	16	19	29	31	36	37	63
Provisions	2	26	6	54	16	44	2	301	311	6
Exceptional Items ⓘ	0	0	0	0	0	-81	-9	8	8	4
Profit Before Tax ⓘ	133	51	257	1	83	250	614	210	-85	99
Taxes ⓘ	44	17	89	0	30	63	160	44	-8	29
Profit After Tax	88	34	167	1	53	186	454	166	-77	69
Adjusted EPS (₹)	4.9	1.9	9.3	0.1	2.9	10.4	25.2	9.2	-4.3	3.9
Dividend Payout Ratio (%)	31%	57%	27%	1,272%	48%	29%	40%	54%	0%	26%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Equity Capital	721	732	899	857	888	1,043	1,316	1,427	1,260	1,330
Share Capital ⓘ	180	180	180	180	180	180	180	180	180	180
Reserves ⓘ	541	552	719	677	708	863	1,136	1,247	1,080	1,150
Minority Interest	0	0	0	0	0	0	0	0	0	0
Long Term Borrowings	-2	1	1	-14	-1	9	2	-1	-10	-15
Current Liabilities	4,038	5,037	3,666	4,395	8,634	13,207	10,821	15,323	20,237	23,210
Trade Payables	0	0	0	0	1	1	1	2	7	5
Short term borrowings	3,858	4,921	3,514	4,369	8,234	12,164	9,863	14,530	19,238	22,399
Other Liabilities	-3,858	-4,921	-3,514	-4,369	-8,235	-12,165	-9,864	-14,532	-19,246	-22,404
Total Liabilities ⓘ	4,757	5,769	4,565	5,239	9,521	14,258	12,140	16,749	21,487	24,525
Assets
Non Current Asset	340	654	461	5,016	8,839	64	88	2,274	3,720	2,630
Loan Asset	0	0	0	0	0	0	0	0	0	0
Other Non Current Asset ⓘ	340	654	461	5,016	8,839	64	88	2,274	3,720	2,630
Current Asset	4,418	5,116	4,104	223	682	14,194	12,052	14,475	17,767	21,895
Current Investment	0	0	0	0	0	12,965	10,907	13,134	14,998	20,541
Other Current Asset	4,418	5,116	4,104	223	682	1,230	1,145	1,341	2,769	1,353
Total Assets ⓘ	4,757	5,769	4,565	5,239	9,521	14,258	12,140	16,749	21,487	24,525

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-366	-1,088	1,213	-800	-3,843	-3,898	2,483	-4,564	-4,638	-2,875
Cash Flow From Investing Activity ⓘ	368	-313	197	0	0	-1	-1	-1	-14	-1
Cash Flow From Financing Activity ⓘ	71	1,030	-1,431	800	3,844	3,900	-2,481	4,613	4,618	3,159
Net Cash Flow ⓘ	74	-370	-20	0	0	1	1	49	-35	283

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational & Financial Ratios
EPS (₹)	5	2	9	0	3	10	25	9	-4	4
DPS (₹)	2	1	3	1	1	3	10	5	0	1
BVPS (₹)	40	41	50	48	49	58	73	79	70	74
Performance Ratios
ROA (%)	1.9	0.7	3.2	0.0	0.7	1.6	3.4	1.2	-0.4	0.3
ROE (%)	12.7	4.8	20.5	0.2	6.1	19.3	38.5	12.1	-5.8	5.4
ROCE (%)	8.7	6.4	9.6	6.9	6.8	6.9	8.3	5.3	4.9	6.8
Valuation Parameters
Price/Book(x)	0.7	0.6	1.1	0.7	0.6	0.4	0.7	0.8	0.8	1.5

PNB Gilts Ltd Stock News

PNB Gilts Ltd FAQs

What is the share price of PNB Gilts?

Company share prices are keep on changing according to the market conditions. The closing price of PNB Gilts on 21-Nov-2024 16:59 is ₹112.2.

What is the market cap of PNB Gilts?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of PNB Gilts stood at ₹2,040.4.

What is the P/E ratio of PNB Gilts?

The latest P/E ratio of PNB Gilts as of 21-Nov-2024 16:59 is 9.24.

What is the P/B ratio of PNB Gilts?

The latest P/B ratio of PNB Gilts as of 21-Nov-2024 16:59 is 1.38.

What is the 52-week high and low of PNB Gilts?

The 52-week high of PNB Gilts is ₹149.2 and the 52-week low is ₹89.54.

What is the TTM revenue of PNB Gilts?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PNB Gilts is ₹1,602 ( Cr.) .

About PNB Gilts Ltd

In the year 1996 the Reserve Bank of India introduced the system of Primary Dealers with a view to strengthen the institutional infrastructure of government securities market. Six entities were granted licenses of which PNB Gilts was one. The company was established as a wholly owned subsidiary of Punjab National Bank with an initial paid up capital of Rs 50 crore, which is also the minimum capital requirement for a Primary Dealer.

RBI, New Delhi, granted PNB Gilts a certificate of registration vide its letter dated 10th February 1998, to carry on the business of a non-banking finance company. The company decided to expand its capital base & came with an IPO of Rs 3.5 crore shares at an offer price of Rs 30 per share aggregating Rs 105 crore in July 2000. This increased the paid up capital of the company to Rs 135.01 crore and reduced the holding of Punjab National Bank to 74.07%.

In February 2009 Punjab National Bank (PNB) decided to merge its primary dealership subsidiary PNB Gilts with self instead of selling the company,. Punjab National Bank was holding 74.07% stake in PNB Gilts.Punjab National Bank hopes to complete the merger of PNB Gilts with itself by March 2010 and expects net profit to grow 20-23% in the current fiscal.

Products and services offered by the company:

Treasury Bills
Central Government Dated Securities
State Government Securities
PSU Bonds
Inter-Corporate Deposits
CSGL accounts
Money market instruments
Merchant Banking
Mutual Fund Distribution
Investment/ trading in Equity and Equity derivatives

In addition to the above, it also offers advisory services to its clients to manage the government securities portfolio.

Achievements/ recognition:

The first stand alone Primary Dealer to come up with an IPO & get listed
The first PD to achieve ISO 9001:2000 certification.
The first to obtain a P1+ rating from CRISIL for its short-term borrowing program. At present the rating from CRISIL is for borrowing up to Rs 250 crore.
The company achieved a turnover of Rs.53,390 crore during 2005-2006.