PNB Gilts Ltd Stock Analysis

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

BSE Share Price 06-Feb-2023 18:01
61.40 -0.65 (-1.05%)

DeciZen - Make an Informed Decision on PNB Gilts

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

PNB Gilts Price Chart

P/E Ratio ( SA) :
0.00
Market Cap :
1,105.3 Cr.
52-wk low :
58.2
52-wk high :
79
Bole Toh?

1. Is PNB Gilts Ltd a good quality company?

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

2. Is PNB Gilts Ltd 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 Somewhat overvalued zone.

3. Is PNB Gilts Ltd 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.

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
PNB Gilts Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Operating Income (₹ Cr.)2883464103665034025219261,0521,0511,161
YoY Gr. Rt. %-20.1%18.5%-10.6%37.3%-20.1%29.6%77.6%13.6%-0.1%-
Adj EPS (₹ ) 3.43.44.91.99.30.12.910.425.29.2-2.3
YoY Gr. Rt. %-0.3%43.7%-60.8%383.9%-99.1%3575%252%143.8%-63.5%-
BVPS (₹ )34.63740.140.749.947.649.357.973.179.369.3
YoY Gr. Rt. %-6.8%8.3%1.5%22.8%-4.7%3.6%17.5%26.3%8.4%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)1.81.51.90.73.200.71.63.41.20

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Net Interest Income15.5%15.9%26.3%-0.1%
Adj EPS11.7%-0.2%46.3%-63.5%
BVPS9.7%9.7%17.2%8.4%
Share Price 11.8% 10.4% 30.5% -8.1%

Key Financial Ratios

RATIOS \ YEARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Asset Quality Ratio To view Asset Quality Ratio Colour Rating Guide click here
Net NPA to Net Advances (%)0000000000-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here
Capital Adequacy Ratio (%) 0000000000-
Margins
Net Profit Margin (%)21.317.721.59.433.20.410.120.143.215.8-3.6
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)10.29.512.74.820.50.26.119.338.512.1-3.3

Recent Performance Summary

Total Income has increased 26.31 CAGR in last 3 years

Net Profit has increased 46.32 CAGR in last 3 years

Return on Equity is Poor

Total income growth is poor in last 4 quarters

Latest Financials - PNB Gilts Ltd.

Standalone Consolidated
TTM EPS (₹) -2.3 -
TTM Sales (₹ Cr.) 1,161 -
BVPS (₹.) 69.3 -
Reserves (₹ Cr.) 1,067 -
P/BV 0.89 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 58.15 / 78.95
All Time Low / High (₹) 9.07 / 94.65
Market Cap (₹ Cr.) 1,105
Equity (₹ Cr.) 180
Face Value (₹) 10
Industry PE 25.5

Management X-Ray of PNB Gilts :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of PNB Gilts

Adj EPS (Rs.)
Total Income (Cr.)
ROE (%)
BVPS (Rs.)

News

PNB Gilts Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of PNB Gilts on 06-Feb-2023 18:01 is : 61.40.
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 06-Feb-2023 18:01 the market cap of PNB Gilts stood at ₹ 1,105.3.
The latest PE ratio of PNB Gilts as of 06-Feb-2023 18:01 is 0.00.
The latest PB ratio of PNB Gilts as of 06-Feb-2023 18:01 is 0.89
The 52-week high of PNB Gilts is ₹ 78.95 and the 52-week low is ₹ 58.15.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of PNB Gilts is ₹ 1,161 ( 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.
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