5323

PNB GiltsBSE:532366 Stock Report

Market Cap

₹12.2b

7D

-0.3%

1Y

54.3%

Updated

20 Sep, 2021

Data

Company Financials
532366 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends4/6

532366 Overview

PNB Gilts Ltd. operates as a primary dealer in government securities in India.

Price History & Performance

Summary of all time highs, changes and price drops for PNB Gilts
Historical stock prices
Current Share Price₹65.80
52 Week High₹37.00
52 Week Low₹94.65
Beta0.55
1 Month Change-0.23%
3 Month Change-25.90%
1 Year Change54.28%
3 Year Change143.25%
5 Year Change152.11%
Change since IPO348.76%

Recent News & Updates

Shareholder Returns

532366IN Capital MarketsIN Market
7D-0.3%0.6%1.2%
1Y54.3%56.4%59.0%

Return vs Industry: 532366 underperformed the Indian Capital Markets industry which returned 56.4% over the past year.

Return vs Market: 532366 underperformed the Indian Market which returned 59% over the past year.

Price Volatility

Is 532366's price volatile compared to industry and market?
532366 volatility
532366 Beta0.55
Industry Beta0.80
Market Beta1

Stable Share Price: 532366 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 532366's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199640Vikas Goelhttps://www.pnbgilts.com

PNB Gilts Ltd. operates as a primary dealer in government securities in India. The company is involved in the underwriting government securities issuances; and trading of fixed income instruments, such as government securities, treasury bills, state development loans, corporate bonds, and interest rate swaps, as well as various money market instruments, including certificates of deposits, commercial papers, etc.; and provision of custodian services to its constituents. It also provides gilts accounts and mutual funds, as well as non-SLR papers, including bonds issued by public sector undertakings and other corporate bodies.

PNB Gilts Fundamentals Summary

How do PNB Gilts's earnings and revenue compare to its market cap?
532366 fundamental statistics
Market Cap₹12.18b
Earnings (TTM)₹2.10b
Revenue (TTM)₹3.74b

5.7x

P/E Ratio

3.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
532366 income statement (TTM)
Revenue₹3.74b
Cost of Revenue₹121.69m
Gross Profit₹3.62b
Expenses₹1.52b
Earnings₹2.10b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)11.65
Gross Margin96.75%
Net Profit Margin56.02%
Debt/Equity Ratio819.9%

How did 532366 perform over the long term?

See historical performance and comparison

Dividends

15.2%

Current Dividend Yield

60%

Payout Ratio

Valuation

Is PNB Gilts undervalued compared to its fair value and its price relative to the market?

5.65x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 532366 (₹65.8) is trading above our estimate of fair value (₹33.8)

Significantly Below Fair Value: 532366 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 532366 is good value based on its PE Ratio (5.7x) compared to the Indian Capital Markets industry average (17x).

PE vs Market: 532366 is good value based on its PE Ratio (5.7x) compared to the Indian market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 532366's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 532366's PB Ratio (0.9x) is in line with the IN Capital Markets industry average.


Future Growth

How is PNB Gilts forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.2%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as PNB Gilts has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has PNB Gilts performed over the past 5 years?

37.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532366 has high quality earnings.

Growing Profit Margin: 532366's current net profit margins (56%) are lower than last year (62.8%).


Past Earnings Growth Analysis

Earnings Trend: 532366's earnings have grown significantly by 37.9% per year over the past 5 years.

Accelerating Growth: 532366's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 532366 had negative earnings growth (-50.7%) over the past year, making it difficult to compare to the Capital Markets industry average (60.8%).


Return on Equity

High ROE: 532366's Return on Equity (15.9%) is considered low.


Financial Health

How is PNB Gilts's financial position?


Financial Position Analysis

Short Term Liabilities: 532366's short term assets (₹121.4B) exceed its short term liabilities (₹108.1B).

Long Term Liabilities: 532366's short term assets (₹121.4B) exceed its long term liabilities (₹133.8M).


Debt to Equity History and Analysis

Debt Level: 532366's debt to equity ratio (819.9%) is considered high.

Reducing Debt: 532366's debt to equity ratio has increased from 669.5% to 819.9% over the past 5 years.

Debt Coverage: 532366's debt is well covered by operating cash flow (23%).

Interest Coverage: Insufficient data to determine if 532366's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is PNB Gilts's current dividend yield, its reliability and sustainability?

15.20%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 532366's dividend (15.2%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: 532366's dividend (15.2%) is in the top 25% of dividend payers in the Indian market (1.45%)


Stability and Growth of Payments

Stable Dividend: 532366's dividend payments have been volatile in the past 10 years.

Growing Dividend: 532366's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (60.1%), 532366's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure


CEO

Vikas Goel (55 yo)

2.58yrs

Tenure

₹16,365,000

Compensation

Shri Vikas Goel has been a Managing Director, Chief Executive Officer and Executive Director at PNB Gilts Ltd. since February 1, 2019. Shri Goel has worked with three multinational banks (American Express...


CEO Compensation Analysis

Compensation vs Market: Vikas's total compensation ($USD222.10K) is about average for companies of similar size in the Indian market ($USD203.97K).

Compensation vs Earnings: Vikas's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: 532366's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: 532366's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PNB Gilts Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: PNB Gilts Ltd.
  • Ticker: 532366
  • Exchange: BSE
  • Founded: 1996
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: ₹12.178b
  • Shares outstanding: 180.01m
  • Website: https://www.pnbgilts.com

Number of Employees


Location

  • PNB Gilts Ltd.
  • 5, Sansad Marg
  • New Delhi
  • Delhi
  • 110001
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/20 12:02
End of Day Share Price2021/09/20 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.