NSE: PNBHOUSING | BSE: 540173

Mid-range Performer

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891.75 32.70 (3.81%)

4.2M NSE+BSE Volume

High volume today

NSE 23 Sep, 2025 3:31 PM (IST)

23,230.9

Market Cap

High in industry

1.2

Beta 1Year

Very High Volatility

PNB Housing Finance Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for PNBHOUSING, BSE:540173 PNB Housing Finance Ltd.

PNB Housing Finance Ltd.

19 May 2023

891.75

3.81%

Retail housing to remain key focus area; growth momentum likely to sustain in FY24E

Accumulate: PNB Housing Finance Ltd.

Target

ICICI Securities Limited

PNB Housing Finance’s (PNBHF) Q4FY23 financial performance was an outcome of the new management’s renewed focus on ‘retailisation’ as reflected in the all-time high retail disbursements (up 33% QoQ) and steady decline in the corporate book to Rs38bn (down 23% QoQ).

Number of MF schemes increased from 29 to 35 in Jun 2025 qtr.

PNB Housing Finance Ltd.

30 Jan 2023

891.75

3.81%

Margins surprise positively; credit cost elevated, investing in affordable housing business

Hold: PNB Housing Finance Ltd.

Recommendation Target

ICICI Securities Limited

PNB Housing Finance’s (PNBHF) Q3FY23 earnings beat was primarily led by higher assignment income and better incremental spreads, partially offset by higher than expected credit cost and opex.

PNB Housing Finance .. has an average target of 1090.00 from 2 brokers.

PNB Housing Finance Ltd.

25 Jan 2023

891.75

3.81%

NIM expansion and controlled opex aid decent performance

Neutral: PNB Housing Finance Ltd.

Target

Motilal Oswal

PNB Housing Finance .. has an average target of 1090.00 from 2 brokers.

PNB Housing Finance Ltd.

31 Oct 2022

891.75

3.81%

Margins surprise positively; credit cost elevated

Sell: PNB Housing Finance Ltd.

Target

ICICI Securities Limited

PNB Housing Finance’s (PNBHF) Q2FY23 earnings beat was primarily led by higher
assignment income and better incremental spreads, partially offset by higher than
expected credit cost and opex.

PNB Housing Finance .. has an average target of 1090.00 from 2 brokers.

PNB Housing Finance Ltd.

28 Oct 2022

891.75

3.81%

Execution under new management crucial for re-rating

Neutral: PNB Housing Finance Ltd.

Target

Motilal Oswal

PNB Housing Finance .. has an average target of 1090.00 from 2 brokers.

PNB Housing Finance Ltd.

21 Jan 2022

891.75

3.81%

Consolidation mode still far from over

Neutral: PNB Housing Finance Ltd.

Target

Motilal Oswal

NII fell 19% YoY and 11% QoQ to INR4.15b (20% below expectation). Provisions at INR1.3b were below our estimate of INR2.4b. Disbursements declined ~5% QoQ to INR28.3b. Accordingly, AUM decreased 5% QoQ and 14% YoY to ~INR665b. GNPA and NNPA rose ~170bp and 155bp QoQ to 7.6% and 4.9% (as a percentage of loans), respectively, with Stage 3 PCR declining 760bp to 36%. ECL/EAD also declined ~40bp sequentially to 4.4%. A corporate exposure of ~INR4b (already identified as SICR) slipped into NPA in 3QFY22, while the...

Institutional Investors have increased holdings from 51.33% to 62.18% in Jun 2025 qtr.

PNB Housing Finance Ltd.

03 Nov 2021

891.75

3.81%

Still in consolidation mode

Neutral: PNB Housing Finance Ltd.

Target

Motilal Oswal

PNBHF reported a 2QFY22 PAT of INR2.3b (9% miss), which declined by 25% YoY and 3% QoQ. The miss was driven by lower-than-estimated NII on account of income reversals due to accelerated run-off in the securitized pool of loans and partly mitigated by lower credit costs. NII fell 25% YoY and 9% QoQ to INR4.7b (9% below our estimate of INR5.1b). Provisions at INR1.4b were below our estimate of INR1.8b....

Number of FII/FPI investors increased from 261 to 362 in Jun 2025 qtr.

PNB Housing Finance Ltd.

18 Oct 2021

891.75

3.81%

Preferential issue called off; overhang resurfaces

Sell: PNB Housing Finance Ltd.

ICICI Securities Limited

PNB Housing Finance’s (PNBHF) Board has decided not to proceed with the proposed preferential issue of Rs40bn @Rs390 per share to Carlyle group, General Atlantic, SSG Group and other investors. Preferential issue has been held up for more than 4 months (after already taking over 2 years), due to the pending legal proceeding before SAT. Also, in an exchange filing, the company highlighted that there is lack of visibility or certainty as to the timeline for judicial determination of the legal issues and regulatory approvals were not expected to be forthcoming amidst litigation. With proposed deal being off the table, the overhang resurfaces.

PNB Housing Finance Ltd. is trading at high day volume of 3.9M.

PNB Housing Finance Ltd.

05 Aug 2021

891.75

3.81%

Retailisation of AUM continues

Neutral: PNB Housing Finance Ltd.

Target

Motilal Oswal

PNBHF reported a PAT of INR2.4b in 1QFY22 (v/s INR2.6b YoY). The 45% beat was driven by lower-than-estimated credit costs (~0.9% annualized) and opex (47%/9% below our estimate). Asset quality deteriorated with Gross Stage 3 increasing by 155bp QoQ to 6%. Few corporate accounts in Stage 2 and under the SICR pool slipped into NPAs. Total restructured pool (under both OTR 1.0 and 2.0) stood at INR17.33b (~2.9% of loan assets). PNBHF is working on different initiatives to optimize costs, leverage digital...