Pulse
NIFTY 5024,980.40+0.35%
SENSEX81,720.10+0.28%
NIFTY SHARIAH 254,850.15+0.42%
GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
ACTIVE IPOS8 Open+38% GMP
TCS₹4,124.50+1.18%
INFY₹1,892.40+1.22%
USD/INR₹83.92-0.04%
NIFTY 5024,980.40+0.35%
SENSEX81,720.10+0.28%
NIFTY SHARIAH 254,850.15+0.42%
GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
ACTIVE IPOS8 Open+38% GMP
TCS₹4,124.50+1.18%
INFY₹1,892.40+1.22%
USD/INR₹83.92-0.04%
PNB Gilts Ltd.

PNB Gilts Ltd.

NSE: PNBGILTS
Capital MarketsFinancial ServicesSMALL CAPMCap ₹1.32k Cr
₹73.09₹0.32 (+0.44%)

Market Closed • NSE

Market cap₹1.32k Cr
Enterprise value₹25.31k Cr
P/E TTM6.84
P/B0.73
EPS TTM₹10.69
ROE0.11%
ROA0.01%
D/E13.82
Dividend yield0.03%
52W high₹99.80
52W low₹58.60
Price chart(1Y)
1Y Return:-18.64% (₹16.74)
H: ₹96.65L: ₹66.8
1W+3.37%
1M-6.89%
3M-17.03%
6M+0.74%
1Y-18.97%
Today at a glance

Day range

₹71.71₹74.35

52 week range

₹58.60₹99.80
Volume466.9K0.35x 20D avg
Free float50.00%-65.10% volume

PNB Gilts Ltd. closed at INR73.09 (+0.44%) on volume 0.35x its 20-day average, trading 26.76% below its 52-week high.

Technical analysis
RSI (14)45.9Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹3.35High
SMA 20₹73.43BEARISH
SMA 50₹77.02BEARISH
SMA 100₹82.39BEARISH
SMA 200₹78.87BEARISH
CPR bottom₹73.06
Pivot₹72.96
CPR top₹72.87
What changed recently?

2025-Q4

Q4 FY2025 Financial Results

PAT moved -66.3% QoQ

2026-09-21

DIVIDEND Announced

Dividend - Rs 2 Per Share

2025-09-10

DIVIDEND Announced

Dividend - Re 1 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Business Activity)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹22.38k Cr₹1.32k Cr1701.31%≤ 33%FAIL
Non-halal income ratio–₹1.68k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹24.64k Cr₹24.70k Cr99.75%≥ 20%PASS
Receivables ratio–₹24.70k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E6.8416.50
Forward P/E——
P/B0.731.60
EV/EBITDA—18.00
PEG—0.50
Earnings yield14.606.10
Growth & profitability
RevenuePAT
FY23PAT margin -8.10%
FY24PAT margin 5.00%
FY25PAT margin 13.90%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y—
Revenue CAGR 5Y—
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin82.36%
Net margin49.36%
Financial health & cash flow
Net debt₹22.32k CrModerate
Interest coverage1.20xEBIT / interest
CFO / PAT-10.16x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹-19688.3 Lakh
Capital expenditure–
Free cash flow₹-19787.1 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall48/100
Valuation75/100
Profitability50/100
Financial health20/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Attractive Valuation: P/E of 6.8x trades below sector historical averages

Risks

Elevated Leverage Burden: Debt-to-Equity stands at 13.82x

Tight Debt Servicing: Interest coverage ratio is under 2.0x

Bull case

Market Leadership: Established operational scale in Capital Markets.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

80%53%27%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
0.18%Institutional holding
25.74%Public holding
5Periods available
0.00%Promoter pledged
82.09KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
21 Sept 2026Dividend₹2.00 / share—21 Sept 2026
10 Sept 2025Dividend₹1.00 / share—10 Sept 2025
13 Sept 2024Dividend₹1.00 / share—13 Sept 2024
26 Aug 2022Dividend₹5.00 / share—25 Aug 2022
04 Sept 2021Dividend₹3.00 / share—02 Sept 2021
12 Feb 2021Dividend₹4.00 / share—11 Feb 2021
19 Nov 2020Dividend₹3.00 / share—18 Nov 2020
05 Sept 2020Dividend₹3.00 / share—03 Sept 2020
—Dividend₹1.40 / share—14 Aug 2019
—Dividend₹1.00 / share—06 Sept 2018
—Dividend₹2.50 / share—07 Sept 2017
—Dividend₹1.10 / share—08 Sept 2016
—Dividend₹1.50 / share—10 Sept 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)40.78%-4.23% latest vs average
Highest delivery59.82%on 18 Sept
Average volume (20D)1.34MTrading-session average
Conviction trendWeakening-4.23% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
HDFC Bank Limited
HDFC Bank LimitedHDFCBANK
Open analysis
₹11.24L15.931.79%₹46,355.55₹19,059.72-45.69%+17.23%
ICICI Bank Limited
ICICI Bank LimitedICICIBANK
Open analysis
₹10.03L18.060.86%₹32,960.41₹16,276.00-35.98%+12.59%
State Bank of India
State Bank of IndiaSBIN
Open analysis
₹8.89L10.321.81%₹62,915.13₹25,121.00-29.09%+13.56%
Bajaj Finance Limited
Bajaj Finance LimitedBAJFINANCE
Open analysis
₹6.11L29.360.56%₹13,929.00₹6,081.00+17.62%+27.62%
Life Insurance Corporation of India
Life Insurance Corporation of IndiaLICI
Open analysis
₹5.03L8.372.54%₹2.40L₹13,584.00+6.76%+24.00%
Kotak Mahindra Bank Limited
Kotak Mahindra Bank LimitedKOTAKBANK
Open analysis
₹4.45L21.930.15%₹11,266.63₹5,480.00-41.22%+22.54%
Axis Bank Limited
Axis Bank LimitedAXISBANK
Open analysis
₹4.02L14.510.08%₹21,381.52₹7,114.00-3.52%+22.53%
Bajaj Finserv Ltd.
Bajaj Finserv Ltd.BAJAJFINSV
Open analysis
₹2.77L27.450.08%₹42,036.90—+39.05%—
About PNB Gilts Ltd.
PNB Gilts Ltd.

The Co’s primary activities include supporting government borrowing program via underwriting of government securities issuances and trading in a gamut of fixed income instruments such as Government securities, Treasury Bills, State Development Loans, Corporate Bonds, Interest Rate Swaps and various money market instruments such as Certificates of Deposits, Commercial Papers etc.[1]

IndiaFinancial Services

Questions investors ask
Is PNB Gilts Ltd. Shariah compliant?

PNB Gilts Ltd. is currently screened as Non-Compliant (Business Activity) under AAOIFI Shariah Standard No. 21. Business activity in non-permissible sector: /\bfinancial services\b/i Debt to Market Cap (1701.31%) exceeds AAOIFI threshold (≤ 33%).

What is PNB Gilts Ltd.'s current valuation relative to peers?

PNB Gilts Ltd. trades at a P/E of 6.8x compared to the sector median of 16.5x, and a Price-to-Book of 0.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 13.82x. Interest coverage is 1.2x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at steady rates while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.