PNB Housing Finance Limited is a leading Indian housing finance company, established under the Companies Act, 1956, and commenced its operations on November 11, 1988. Registered with the National Housing Bank (NHB), the company is promoted by Punjab National Bank (PNB), one of India’s largest public sector banks. PNB Housing Finance offers a wide range of financial products, including housing loans for the purchase, construction, repair, and renovation of residential properties, as well as non-housing loans like loans against property. The company is known for its customer-centric approach, providing attractive interest rates, flexible tenures, and a robust portfolio of fixed deposit schemes. Over the years, PNB Housing Finance has built a strong reputation for catering to the diverse financial needs of individuals and businesses, supporting the housing sector’s growth in India.
History of PNB Housing Finance Ltd
PNB Housing Finance Limited, established on November 11, 1988, as a subsidiary of Punjab National Bank (PNB), started its operations to provide housing finance solutions across India. The company experienced significant growth in 2009 when PNB sold a 26% stake to Destimoney Enterprises Private Limited (DEPL), a strategic move that bolstered its market position. In 2015, DEPL’s stake was acquired by Quality Investments Holdings, owned by the Carlyle Group, marking a new chapter in the company’s expansion and strategic development.
In November 2016, PNB Housing Finance made a pivotal move by going public, listing its shares on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), with promoters retaining 76% of the shares. This marked a major milestone in the company’s history, enhancing its market presence. Over the years, PNB Housing Finance has expanded its range of services, offering various housing and non-housing loans, and has received numerous awards for its contributions to the housing finance sector and corporate social responsibility initiatives.
Recent news about PNB Housing Finance Ltd
Recently, PNB Housing Finance Ltd has been in the spotlight due to a substantial block deal on July 30, 2024. During this transaction, 13.1% of the company’s equity, totaling approximately 3.4 crore shares, changed hands on the Bombay Stock Exchange (BSE). The shares were valued at around ₹2,642 crore, with the Carlyle Group’s Quality Investment Holdings PCC likely selling a significant portion of its stake in the company. This move has attracted considerable attention in the financial market.
In addition to this major transaction, PNB Housing Finance also reported a strong financial performance in the first quarter of the fiscal year. The company recorded a 25% increase in net profit, reaching ₹433 crore. Furthermore, the company saw a significant improvement in its asset quality, with gross non-performing assets (GNPA) declining to 1.35%, a notable decrease from the 3.76% reported in the previous year. These developments reflect the company’s ongoing efforts to strengthen its financial position and maintain stability in a competitive market.
Below are the trading platforms that you can use to purchase PNB Housing Finance Ltd shares:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
| When | Maximum Price | Minimum Price |
| August 2024 | 831.75 | 723.26 |
| September 2024 | 865.02 | 752.19 |
| October 2024 | 848.06 | 737.45 |
| November 2024 | 881.99 | 766.94 |
| December 2024 | 890.81 | 774.61 |
In 2024, PNB Housing Finance Ltd’s share prices are expected to exhibit a range of fluctuations throughout the year. By August 2024, the maximum price is anticipated to reach ₹831.75, while the minimum could drop to ₹723.26. Moving towards the end of the year, in December 2024, the maximum price is projected to increase slightly to ₹890.81, with the minimum price likely settling at ₹774.61.
| When | Maximum Price | Minimum Price |
| January 2025 | 899.71 | 692.09 |
| February 2025 | 908.80 | 699.08 |
| March 2025 | 927.89 | 713.76 |
| April 2025 | 918.70 | 706.69 |
| May 2025 | 891.94 | 686.11 |
| June 2025 | 932.08 | 716.98 |
| July 2025 | 913.80 | 702.92 |
| August 2025 | 942.06 | 724.66 |
| September 2025 | 953.37 | 733.36 |
| October 2025 | 978.16 | 752.43 |
| November 2025 | 1,002.61 | 771.24 |
| December 2025 | 1,047.73 | 805.94 |
In 2025, PNB Housing Finance Ltd’s share prices are anticipated to show varying degrees of fluctuation as the year progresses. As we step into January 2025, the maximum price is expected to reach ₹899.71, with a minimum of ₹692.09. By mid-year, in June 2025, the prices could rise further, with a maximum of ₹932.08 and a minimum of ₹716.98. Towards the end of the year, in December 2025, the share prices are likely to peak, reaching a maximum of ₹1,047.73, while the minimum price might stabilize around ₹805.94.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,079.16 | 830.12 |
| February 2026 | 1,052.18 | 809.37 |
| March 2026 | 1,073.22 | 825.56 |
| April 2026 | 1,095.13 | 842.41 |
| May 2026 | 1,084.28 | 834.06 |
| June 2026 | 1,111.39 | 854.92 |
| July 2026 | 1,089.60 | 838.15 |
| August 2026 | 1,123.30 | 864.08 |
| September 2026 | 1,145.76 | 881.36 |
| October 2026 | 1,175.55 | 904.27 |
| November 2026 | 1,204.94 | 926.88 |
| December 2026 | 1,235.07 | 950.05 |
| When | Maximum Price | Minimum Price |
| January 2027 | 1,247.42 | 959.55 |
| February 2027 | 1,279.40 | 984.16 |
| March 2027 | 1,329.30 | 1,022.54 |
| April 2027 | 1,303.23 | 1,002.49 |
| May 2027 | 1,265.28 | 973.29 |
| June 2027 | 1,322.21 | 1,017.09 |
| July 2027 | 1,296.29 | 997.14 |
| August 2027 | 1,336.38 | 1,027.98 |
| September 2027 | 1,383.15 | 1,063.96 |
| October 2027 | 1,419.11 | 1,091.63 |
| November 2027 | 1,454.59 | 1,118.92 |
| December 2027 | 1,490.96 | 1,146.89 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,520.78 | 1,169.83 |
| February 2028 | 1,559.77 | 1,199.82 |
| March 2028 | 1,620.60 | 1,246.62 |
| April 2028 | 1,588.82 | 1,222.17 |
| May 2028 | 1,542.55 | 1,186.58 |
| June 2028 | 1,611.96 | 1,239.97 |
| July 2028 | 1,580.36 | 1,215.66 |
| August 2028 | 1,629.23 | 1,253.26 |
| September 2028 | 1,686.26 | 1,297.12 |
| October 2028 | 1,730.10 | 1,330.85 |
| November 2028 | 1,773.35 | 1,364.12 |
| December 2028 | 1,817.68 | 1,398.22 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,854.04 | 1,426.18 |
| February 2029 | 1,901.58 | 1,462.75 |
| March 2029 | 1,975.74 | 1,519.80 |
| April 2029 | 1,937.00 | 1,490.00 |
| May 2029 | 1,880.58 | 1,446.60 |
| June 2029 | 1,965.21 | 1,511.70 |
| July 2029 | 1,926.67 | 1,482.06 |
| August 2029 | 1,986.26 | 1,527.89 |
| September 2029 | 2,055.78 | 1,581.37 |
| October 2029 | 2,109.23 | 1,622.49 |
| November 2029 | 2,161.96 | 1,663.05 |
| December 2029 | 2,216.01 | 1,704.62 |
| When | Maximum Price | Minimum Price |
| January 2030 | 2,260.33 | 1,738.72 |
| February 2030 | 2,318.29 | 1,783.30 |
| March 2030 | 2,408.70 | 1,852.85 |
| April 2030 | 2,361.47 | 1,816.52 |
| May 2030 | 2,292.69 | 1,763.61 |
| June 2030 | 2,395.86 | 1,842.97 |
| July 2030 | 2,348.89 | 1,806.84 |
| August 2030 | 2,421.53 | 1,862.72 |
| September 2030 | 2,506.29 | 1,927.91 |
| October 2030 | 2,571.45 | 1,978.04 |
| November 2030 | 2,635.74 | 2,027.49 |
| December 2030 | 2,701.63 | 2,078.18 |
In 2030, PNB Housing Finance Ltd’s stock prices are anticipated to show substantial growth. Starting in January, the maximum price is expected to be ₹2,260.33, with a minimum of ₹1,738.72. By December, the stock price is projected to reach a maximum of ₹2,701.63 and a minimum of ₹2,078.18. This indicates a consistent upward trend throughout the year.
Financial Condition of PNB Housing Finance Ltd: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Revenue | 8,478 | 7,565 | 6,141 | 6,491 | 7,014 | 7,127 |
| Interest | 5,876 | 5,101 | 4,066 | 3,901 | 4,264 | 4,312 |
| Expenses + | 1,719 | 1,234 | 964 | 1,173 | 737 | 704 |
| Financing Profit | 884 | 1,230 | 1,111 | 1,416 | 2,013 | 2,111 |
| Financing Margin % | 10% | 16% | 18% | 22% | 29% | 30% |
| Other Income + | 7 | 15 | 5 | 2 | 10 | 20 |
| Depreciation | 66 | 59 | 53 | 51 | 51 | 52 |
| Profit before tax | 825 | 1,187 | 1,063 | 1,367 | 1,972 | 2,079 |
| Tax % | 17% | 22% | 23% | 23% | 23% | |
| Net Profit + | 682 | 925 | 822 | 1,056 | 1,527 | 1,613 |
| EPS in Rs | 26.39 | 35.78 | 31.72 | 40.7 | 58.81 | 62.13 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
PNB Housing Finance Ltd has shown a steady financial performance over the years, reflecting its resilience and strategic growth. From March 2020 to March 2024, the company’s revenue fluctuated, with a slight decline from ₹8,478 crore in March 2020 to ₹6,141 crore in March 2022, before recovering to ₹7,014 crore in March 2024. The total revenue for the trailing twelve months (TTM) stands at ₹7,127 crore. Despite the challenges, PNB Housing Finance managed to maintain a strong financing profit, which increased significantly from ₹884 crore in March 2020 to ₹2,013 crore in March 2024, with a financing margin improving from 10% to 29% during the same period, indicating enhanced operational efficiency and profitability.
Additionally, the company has kept its expenses under control, which, along with a steady decline in interest costs, contributed to a strong profit before tax (PBT) growth from ₹825 crore in March 2020 to ₹1,972 crore in March 2024. The net profit also followed a similar upward trajectory, reaching ₹1,527 crore in March 2024, up from ₹682 crore in March 2020. The earnings per share (EPS) grew from ₹26.39 to ₹58.81 over this period, showcasing the company’s ability to generate shareholder value. However, the company has not declared any dividend payouts during this time, likely reinvesting profits to fuel further growth.
FAQs
What is the current market capitalization of PNB Housing Finance Ltd?
PNB Housing Finance Ltd currently boasts a market capitalization of ₹21,324 crore.
As of 11th August, the share price stands at ₹821.
Analysts forecast a maximum share price target of ₹890.81 for 2024.
The maximum share price target for 2025 is projected at ₹1,047.73.
The share price is anticipated to reach a maximum of ₹2,701.63 by 2030.
What is the current P/E ratio of PNB Housing Finance Ltd?
The current P/E ratio is 13.2.
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Conclusion: PNB Housing Finance Ltd’ Path Amidst Growth and Challenges
PNB Housing Finance Ltd has shown impressive financial growth over the past five years. Revenue recovered from ₹6,141 crore in March 2022 to ₹7,014 crore in March 2024, while net profit surged from ₹682 crore to ₹1,527 crore. The company’s financing profit increased significantly, boosting its margin from 10% to 29%. With earnings per share rising from ₹26.39 to ₹58.81, and future share price targets forecasting up to ₹1,047.73 in 2025 and ₹2,701.63 by 2030, PNB Housing Finance Ltd is well-positioned for continued success and growth
What did we learn?
- 1 History of PNB Housing Finance Ltd
- 2 Recent news about PNB Housing Finance Ltd
- 3 How to purchase PNB Housing Finance Ltd shares?
- 4 PNB Housing Finance Ltd Share Price Prediction: 2024 to 2025
- 4.1 PNB Housing Finance Ltd Share Price Target 2024
- 4.2 PNB Housing Finance Ltd Share Price Prediction 2025
- 4.3 PNB Housing Finance Ltd Share Price Target 2026
- 4.4 PNB Housing Finance Ltd Share Price Target 2027
- 4.5 PNB Housing Finance Ltd Share Price Target 2028
- 4.6 PNB Housing Finance Ltd Share Price Prediction 2029
- 4.7 PNB Housing Finance Ltd Share Price Target 2030
- 5 Financial Condition of PNB Housing Finance Ltd: Last 5 years
- 6 FAQs
- 6.1 What is the current market capitalization of PNB Housing Finance Ltd?
- 6.2 What is the current share price of PNB Housing Finance Ltd?
- 6.3 What is the projected maximum share price target for 2024?
- 6.4 What is the projected maximum share price target for 2025?
- 6.5 What is the projected maximum share price target for 2030?
- 6.6 What is the current P/E ratio of PNB Housing Finance Ltd?
- 7 Conclusion: PNB Housing Finance Ltd’ Path Amidst Growth and Challenges
