Regulatory
MEDIUMTrigger: Tamil Nadu was the largest affordable contributor; spillover risk demonstrates concentration in southern markets
Monitor: regulatory
PNB Housing Finance Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +29.9%Average
In , PNB Housing Finance Ltd (Finance - Housing) is outperforming Nifty 500 with +29.9% relative strength. Fundamentals: Average.
PNB Housing Finance Ltd Key Facts
- PE Ratio
- 12.4x
- Market Cap
- ₹28,431 Cr
- PAT Growth YoY
- +19%
- Revenue Growth YoY
- +8%
- RS vs Nifty 500
- +29.9%
PB: Mid ExpansionStrong Opportunity
What's Happening
💎PB falling while earnings hold — value emerging
🌐FII stake decreased 1.8% this quarter
🏛️DII accumulation — stake up 18.5%
🏦GNPA at 0.93% and improving — strong asset quality
💰Trading 25% above estimated fair value — significant premium
Key Risks
1. Regulatory
MEDIUM2. Litigation
LOW3. Regulatory
LOWKey Numbers
PAT Growth YoY
+19%
Stable
Revenue YoY
+8%
Decelerating
GNPA
0.93%
Improving
Price to Book
1.5
Current Price
₹1,091
Dividend Yield
0.46%
Fundamental Score
56/100
Average
3Y PAT CAGR
+30%
Market Cap
28.4K Cr
Valuation
Overvalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
What Are the Key Risks for PNB Housing Finance Ltd?
Earnings deceleration risks from management commentary
Litigation
LOWTrigger: Headline-risk on legacy corporate book even though P&L impact zero; signals continued cleanup cycle
Monitor: litigation
Regulatory
LOWTrigger: Industry-wide pressure on prime book; stickiness only as good as competitive pricing
Monitor: regulatory
Regulatory
MEDIUMTrigger: Memory of prior wholesale book stress; market-implied negative carry on rating until track record demonstrated
Monitor: regulatory
What Is PNB Housing Finance Ltd's Management Saying?
Key quotes from recent conference calls
“Yes, it was that, but it impacted the Affordable business also because when any information comes to the market, it impacts the other segments also. So, there was some partial impact on geography also. So, for example, Tamil Nadu, we saw some challenge [Risk (regulatory): MEDIUM]”
“as far as this fraud which we reported, as you rightly said that we already written-off this account in 2022-23. And there is no material adverse effect on financial of the company. And we are currently undertaking appropriate legal measures in this case. The amount sanctioned was INR275 crores and the current outstanding is INR237 crores around [Risk (litigation): LOW]”
“yes it has gone up from 15, 16 to around 19 now. And large part of this is on account of BT outs. The increase is actually on account of BT outs. And this is true because of the current rate cycle we are trying to manage. But I think it will remain somewhere around 18% to 19% till the rate stabilizes [Risk (regulatory): LOW]”
“Construction finance business is always a riskier business in the market. But I think the kind of policy and underwriting standard we have set, I think we will be sail through easily. there is a cap on the overall growth. We are not going to grow very aggressively here. It will remain range bound between 5% to 7% in the next two to three years [Risk (regulatory): MEDIUM]”
How Fast Is PNB Housing Finance Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +8% | +9% | Decelerating |
| PAT (Net Profit) | +19% | +30% | Stable |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 29, 2026.
Other Top Finance - Housing Stocks Beating Nifty 500
Frequently Asked Questions: PNB Housing Finance Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were PNB Housing Finance Ltd's latest quarterly results?
PNB Housing Finance Ltd's latest quarterly results (Mar 2026) show
- PAT Growth YoY: +19.3% (stable)
- Revenue Growth YoY: +7.9%
- Net Interest Margin: 40.00%
- Gross NPA: 0.93%
Is PNB Housing Finance Ltd's profit growing or declining?
PNB Housing Finance Ltd's profit is growing with an stable trend.
- PAT Growth YoY: +19.3% (latest quarter)
- PAT Growth QoQ: +26.2% (sequential)
- 3-Year PAT CAGR: +29.9%
- Trend: Stable — consistent growth pattern
What is PNB Housing Finance Ltd's revenue growth trend?
PNB Housing Finance Ltd's revenue growth trend is decelerating.
- Revenue Growth YoY: +7.9%
- Revenue Growth QoQ: +3.0% (sequential)
- 3-Year Revenue CAGR: +9.2%
What is PNB Housing Finance Ltd's asset quality trend?
PNB Housing Finance Ltd's asset quality trend is improving.
- Gross NPA: 0.93%
- Net NPA: 0.57%
- GNPA Change YoY: -0.1% bps
What is PNB Housing Finance Ltd's 3-year profit and revenue CAGR?
PNB Housing Finance Ltd's long-term compounding rates
- 3-Year Profit CAGR: +29.9%
- 3-Year Revenue CAGR: +9.2%
Is PNB Housing Finance Ltd's growth accelerating or decelerating?
PNB Housing Finance Ltd's earnings growth is stable with mixed signals on a sequential basis.
- YoY Acceleration: +11.6% bps
- Sequential Acceleration: +36.9% bps
What is PNB Housing Finance Ltd's trailing twelve month (TTM) performance?
PNB Housing Finance Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹2,000 Cr
- TTM PAT Growth: +18.4% YoY
- TTM Revenue: ₹9,000 Cr
- TTM Revenue Growth: +10.9% YoY
Is PNB Housing Finance Ltd overvalued or undervalued?
PNB Housing Finance Ltd appears overvalued based on our fair value analysis.
- Valuation Signal: Overvalued
- Current PE: 12.4x
- Price-to-Book: 1.5x
What is PNB Housing Finance Ltd's current PE ratio?
PNB Housing Finance Ltd's current PE ratio is 12.4x.
- Current PE: 12.4x
- Market Cap: 28.4K Cr
- Dividend Yield: 0.46%
How does PNB Housing Finance Ltd's valuation compare to its history?
PNB Housing Finance Ltd's current PE is 12.4x.
- Current PE: 12.4x
- Valuation Assessment: Overvalued
What is PNB Housing Finance Ltd's price-to-book ratio?
PNB Housing Finance Ltd's price-to-book ratio is 1.5x.
- Price-to-Book (P/B): 1.5x
- Book Value per Share: ₹738
- Current Price: ₹1091
Is PNB Housing Finance Ltd a fundamentally strong company?
PNB Housing Finance Ltd is rated Average with a fundamental score of 56.22/100. This score is calculated from objective financial metrics
- PAT Growth YoY: +19.3% (20% weight)
- PAT Growth QoQ: +26.2% (15% weight)
- Earnings trend: stable (5% weight)
Is PNB Housing Finance Ltd debt free?
PNB Housing Finance Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹71,000 Cr
What is PNB Housing Finance Ltd's return on equity (ROE) and ROCE?
PNB Housing Finance Ltd's return ratios over recent years
- FY2024: ROE 12.0%
- FY2025: ROE 12.0%
- FY2026: ROE 13.0%
Is PNB Housing Finance Ltd's cash flow positive?
PNB Housing Finance Ltd's operating cash flow is negative (FY2026).
- Cash from Operations (CFO): ₹-9,000 Cr
- Free Cash Flow (FCF): ₹-8,000 Cr
- CFO/PAT Ratio: -392% (weak cash conversion)
What is PNB Housing Finance Ltd's dividend yield?
PNB Housing Finance Ltd's current dividend yield is 0.46%.
- Dividend Yield: 0.46%
- Current Price: ₹1091
Who holds PNB Housing Finance Ltd shares — promoters, FII, DII?
PNB Housing Finance Ltd's shareholding pattern (Mar 2026)
- Promoters: 28.0%
- FII (Foreign): 16.6%
- DII (Domestic): 44.1%
- Public: 11.3%
Is promoter holding increasing or decreasing in PNB Housing Finance Ltd?
PNB Housing Finance Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 28.0% (Mar 2026)
- Previous Quarter: 28.0% (Dec 2025)
- Change: 0.00% (stable)
How long has PNB Housing Finance Ltd been outperforming Nifty 500?
PNB Housing Finance Ltd has been outperforming Nifty 500 for 3 consecutive weeks, indicating early-stage outperformance.
Is PNB Housing Finance Ltd a new momentum entry or an established outperformer?
PNB Housing Finance Ltd is an established outperformer with 3 weeks of consecutive Nifty 500 outperformance.
What are the key risks in PNB Housing Finance Ltd?
PNB Housing Finance Ltd has 4 key risks worth monitoring
- [MEDIUM] Regulatory — Tamil Nadu was the largest affordable contributor; spillover risk demonstrates concentration in southern markets
- [LOW] Litigation — Headline-risk on legacy corporate book even though P&L impact zero; signals continued cleanup cycle
- [LOW] Regulatory — Industry-wide pressure on prime book; stickiness only as good as competitive pricing
- [MEDIUM] Regulatory — Memory of prior wholesale book stress; market-implied negative carry on rating until track record demonstrated
What did PNB Housing Finance Ltd's management say in the latest earnings call?
In Q3 FY26, PNB Housing Finance Ltd's management highlighted
- "Yes, it was that, but it impacted the Affordable business also because when any information comes to the market, it impacts the other segments also. S..."
- "as far as this fraud which we reported, as you rightly said that we already written-off this account in 2022-23. And there is no material adverse effe..."
- "yes it has gone up from 15, 16 to around 19 now. And large part of this is on account of BT outs. The increase is actually on account of BT outs. And ..."
Is PNB Housing Finance Ltd worth studying for long term investment?
Based on quantitative research signals, here is why PNB Housing Finance Ltd may be worth studying
- Earnings growing at +19.3% YoY
What is the investment thesis for PNB Housing Finance Ltd?
PNB Housing Finance Ltd investment thesis summary:
Risk Factors (Bear Case)
- Appears overvalued
- Key risk: Regulatory
What is the future outlook for PNB Housing Finance Ltd?
PNB Housing Finance Ltd's forward outlook based on current data signals
- Earnings Trend: stable
- Revenue Trend: decelerating
- Valuation: Overvalued
- Key Risk: Regulatory
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.