PNB Gilts Limited
PNB Gilts Ltd. operates as a government securities dealer in India. The company involved in underwriting and bidding of government securities issuances; 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 pap… Read more
PNB Gilts Limited (PNBGILTS) - Net Assets
Latest net assets as of September 2025: ₹16.42 Billion INR
Based on the latest financial reports, PNB Gilts Limited (PNBGILTS) has net assets worth ₹16.42 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹273.26 Billion) and total liabilities (₹256.84 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹16.42 Billion |
| % of Total Assets | 6.01% |
| Annual Growth Rate | 6.23% |
| 5-Year Change | 17.38% |
| 10-Year Change | 111.19% |
| Growth Volatility | 9.01 |
PNB Gilts Limited - Net Assets Trend (2006–2025)
This chart illustrates how PNB Gilts Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PNB Gilts Limited (2006–2025)
The table below shows the annual net assets of PNB Gilts Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹15.45 Billion | +16.20% |
| 2024-03-31 | ₹13.30 Billion | +5.54% |
| 2023-03-31 | ₹12.60 Billion | -11.72% |
| 2022-03-31 | ₹14.27 Billion | +8.43% |
| 2021-03-31 | ₹13.16 Billion | +26.27% |
| 2020-03-31 | ₹10.43 Billion | +17.45% |
| 2019-03-31 | ₹8.88 Billion | +3.57% |
| 2018-03-31 | ₹8.57 Billion | -5.80% |
| 2017-03-31 | ₹9.10 Billion | +24.35% |
| 2016-03-31 | ₹7.32 Billion | +1.48% |
| 2015-03-31 | ₹7.21 Billion | +8.34% |
| 2014-03-31 | ₹6.66 Billion | +6.81% |
| 2013-03-31 | ₹6.23 Billion | +7.87% |
| 2012-03-31 | ₹5.78 Billion | +0.94% |
| 2011-03-31 | ₹5.72 Billion | +2.08% |
| 2010-03-31 | ₹5.61 Billion | +3.87% |
| 2009-03-31 | ₹5.40 Billion | +2.25% |
| 2008-03-31 | ₹5.28 Billion | +4.24% |
| 2007-03-31 | ₹5.06 Billion | +3.26% |
| 2006-03-31 | ₹4.90 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PNB Gilts Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 642938100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹6.43 Billion | 41.61% |
| Common Stock | ₹1.80 Billion | 11.65% |
| Other Comprehensive Income | ₹6.97 Billion | 45.12% |
| Other Components | ₹250.13 Million | 1.62% |
| Total Equity | ₹15.45 Billion | 100.00% |
PNB Gilts Limited Competitors by Market Cap
The table below lists competitors of PNB Gilts Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jung Shing Wire Co Ltd
TW:1617
|
$34.23 Million |
|
Ribbon Acquisition Corp Unit
NASDAQ:RIBBU
|
$34.23 Million |
|
DigitalX Limited
OTCQB:DGGXF
|
$34.24 Million |
|
Kyongbo Pharmaceutical Co Ltd
KO:214390
|
$34.24 Million |
|
SVB & T Corp
OTCQX:SVBT
|
$34.21 Million |
|
Pc Iletisim ve Medya Hizmetleri Sanayi Ticaret AS
IS:PCILT
|
$34.19 Million |
|
IX Acquisition Corp
NASDAQ:IXAQ
|
$34.18 Million |
|
Tobii AB (publ)
F:24T
|
$34.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PNB Gilts Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 13,297,565,000 to 15,451,985,000, a change of 2,154,420,000 (16.2%).
- Net income of 2,330,306,000 contributed positively to equity growth.
- Dividend payments of 180,010,000 reduced retained earnings.
- Other comprehensive income increased equity by 466,061,000.
- Other factors decreased equity by 461,937,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹2.33 Billion | +15.08% |
| Dividends Paid | ₹180.01 Million | -1.16% |
| Other Comprehensive Income | ₹466.06 Million | +3.02% |
| Other Changes | ₹-461.94 Million | -2.99% |
| Total Change | ₹- | 16.20% |
Book Value vs Market Value Analysis
This analysis compares PNB Gilts Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.80x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.52x to 0.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹27.24 | ₹68.69 | x |
| 2007-03-31 | ₹28.13 | ₹68.69 | x |
| 2008-03-31 | ₹29.32 | ₹68.69 | x |
| 2009-03-31 | ₹29.98 | ₹68.69 | x |
| 2010-03-31 | ₹31.14 | ₹68.69 | x |
| 2011-03-31 | ₹31.79 | ₹68.69 | x |
| 2012-03-31 | ₹32.10 | ₹68.69 | x |
| 2013-03-31 | ₹34.59 | ₹68.69 | x |
| 2014-03-31 | ₹36.97 | ₹68.69 | x |
| 2015-03-31 | ₹40.05 | ₹68.69 | x |
| 2016-03-31 | ₹40.65 | ₹68.69 | x |
| 2017-03-31 | ₹50.54 | ₹68.69 | x |
| 2018-03-31 | ₹47.61 | ₹68.69 | x |
| 2019-03-31 | ₹49.31 | ₹68.69 | x |
| 2020-03-31 | ₹57.92 | ₹68.69 | x |
| 2021-03-31 | ₹73.13 | ₹68.69 | x |
| 2022-03-31 | ₹79.29 | ₹68.69 | x |
| 2023-03-31 | ₹70.00 | ₹68.69 | x |
| 2024-03-31 | ₹73.87 | ₹68.69 | x |
| 2025-03-31 | ₹85.87 | ₹68.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PNB Gilts Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.08%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.98%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 15.99x
- Recent ROE (15.08%) is above the historical average (8.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 6.04% | 23.35% | 0.06x | 4.53x | ₹-194.00 Million |
| 2007 | 3.15% | 70.12% | 0.01x | 4.58x | ₹-346.73 Million |
| 2008 | 8.56% | 61.23% | 0.03x | 4.36x | ₹-76.25 Million |
| 2009 | 4.54% | 54.01% | 0.02x | 3.99x | ₹-294.77 Million |
| 2010 | 6.55% | 57.94% | 0.05x | 2.47x | ₹-193.55 Million |
| 2011 | 5.34% | 59.21% | 0.03x | 2.59x | ₹-266.50 Million |
| 2012 | 3.64% | 56.86% | 0.01x | 4.93x | ₹-367.12 Million |
| 2013 | 9.83% | 21.53% | 0.07x | 6.16x | ₹-10.64 Million |
| 2014 | 9.22% | 18.29% | 0.07x | 6.85x | ₹-51.70 Million |
| 2015 | 12.24% | 21.59% | 0.09x | 6.60x | ₹161.66 Million |
| 2016 | 4.71% | 10.05% | 0.06x | 7.89x | ₹-386.71 Million |
| 2017 | 18.37% | 33.41% | 0.11x | 4.89x | ₹761.88 Million |
| 2018 | 0.17% | 0.35% | 0.08x | 6.13x | ₹-842.93 Million |
| 2019 | 5.95% | 12.17% | 0.05x | 10.73x | ₹-359.09 Million |
| 2020 | 17.88% | 22.37% | 0.06x | 13.68x | ₹821.02 Million |
| 2021 | 34.50% | 42.71% | 0.09x | 9.22x | ₹3.22 Billion |
| 2022 | 11.61% | 19.66% | 0.05x | 11.74x | ₹229.80 Million |
| 2023 | -6.13% | -8.13% | 0.04x | 17.06x | ₹-2.03 Billion |
| 2024 | 5.22% | 5.02% | 0.06x | 18.45x | ₹-635.65 Million |
| 2025 | 15.08% | 14.98% | 0.06x | 15.99x | ₹785.11 Million |
Industry Comparison
This section compares PNB Gilts Limited's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $3,534,091,837
- Average return on equity (ROE) among peers: 13.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PNB Gilts Limited (PNBGILTS) | ₹16.42 Billion | 6.04% | 15.64x | $34.22 Million |
| 21st Century Management Services Limited (21STCENMGM) | $537.17 Million | 10.49% | 0.38x | $1.14 Million |
| 5paisa Capital Ltd (5PAISA) | $6.04 Billion | 11.30% | 1.76x | $34.50 Million |
| Abans Financial Services Limited (AFSL) | $9.04 Billion | 7.77% | 1.06x | $23.12K |
| Abans Holdings Limited (AHL) | $9.04 Billion | 7.77% | 1.06x | $15.18 Million |
| AUTHUM INVESTMENT & INFRASTRUCTU ORD (BSE) (AIIL) | $864.90 Million | 6.93% | 0.55x | $915.15 Million |
| Almondz Global Securities Limited (ALMONDZ) | $1.32 Billion | 4.80% | 0.42x | $9.55 Million |
| Angel One Limited (ANGELONE) | $5.31 Billion | 15.02% | 3.16x | $1.09 Billion |
| Arihant Capital Markets Limited (ARIHANTCAP) | $2.29 Billion | 22.00% | 1.53x | $23.13 Million |
| Ausom Enterprise Limited (AUSOMENT) | $397.58 Million | 38.41% | 0.70x | $3.27 Million |
| Avonmore Capital & Management Services Limited (AVONMORE) | $494.89 Million | 13.98% | 0.37x | $9.64 Million |