PNB Housing Finance Limited (PNBHOUSING) - Net Assets
Based on the latest financial reports, PNB Housing Finance Limited (PNBHOUSING) has net assets worth Rs179.71 Billion INR (≈ $1.94 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs857.56 Billion ≈ $9.27 Billion USD) and total liabilities (Rs677.86 Billion ≈ $7.33 Billion USD). 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. Check asset resilience ratio of PNB Housing Finance Limited to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs179.71 Billion |
| % of Total Assets | 20.96% |
| Annual Growth Rate | 33.35% |
| 5-Year Change | 88.98% |
| 10-Year Change | 686.36% |
| Growth Volatility | 40.28 |
PNB Housing Finance Limited - Net Assets Trend (2012–2025)
This chart illustrates how PNB Housing Finance Limited's net assets have evolved over time, based on quarterly financial data. Also explore PNB Housing Finance Limited total assets for the complete picture of this company's asset base.
Annual Net Assets for PNB Housing Finance Limited (2012–2025)
The table below shows the annual net assets of PNB Housing Finance Limited from 2012 to 2025. For live valuation and market cap data, see PNBHOUSING market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs168.63 Billion ≈ $1.82 Billion |
+12.61% |
| 2024-03-31 | Rs149.74 Billion ≈ $1.62 Billion |
+35.96% |
| 2023-03-31 | Rs110.14 Billion ≈ $1.19 Billion |
+11.57% |
| 2022-03-31 | Rs98.72 Billion ≈ $1.07 Billion |
+10.63% |
| 2021-03-31 | Rs89.23 Billion ≈ $964.99 Million |
+11.57% |
| 2020-03-31 | Rs79.98 Billion ≈ $864.93 Million |
+6.02% |
| 2019-03-31 | Rs75.44 Billion ≈ $815.84 Million |
+19.64% |
| 2018-03-31 | Rs63.06 Billion ≈ $681.92 Million |
+13.06% |
| 2017-03-31 | Rs55.77 Billion ≈ $603.16 Million |
+160.08% |
| 2016-03-31 | Rs21.44 Billion ≈ $231.91 Million |
+35.83% |
| 2015-03-31 | Rs15.79 Billion ≈ $170.73 Million |
+69.00% |
| 2014-03-31 | Rs9.34 Billion ≈ $101.02 Million |
+51.15% |
| 2013-03-31 | Rs6.18 Billion ≈ $66.84 Million |
+54.55% |
| 2012-03-31 | Rs4.00 Billion ≈ $43.25 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to PNB Housing Finance 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 104784.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs80.06 Billion | 47.48% |
| Common Stock | Rs2.60 Billion | 1.54% |
| Other Comprehensive Income | Rs21.34 Billion | 12.65% |
| Other Components | Rs64.64 Billion | 38.33% |
| Total Equity | Rs168.63 Billion | 100.00% |
PNB Housing Finance Limited Competitors by Market Cap
The table below lists competitors of PNB Housing Finance Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
XL Axiata Tbk PT
JK:EXCL
|
$2.95 Billion |
|
Wedge Industrial Co Ltd
SHE:000534
|
$2.95 Billion |
|
Fujian Newland Computer Co Ltd
SHE:000997
|
$2.95 Billion |
|
ASPEN PHAR.UN.ADR /1 O.N.
F:LDZU
|
$2.95 Billion |
|
COSCO SHIPPING Energy Transportation Co. Ltd
F:HIFH
|
$2.95 Billion |
|
First BanCorp
F:OLWN
|
$2.94 Billion |
|
Integer Holdings Corp
NYSE:ITGR
|
$2.94 Billion |
|
Inter Parfums Inc
NASDAQ:IPAR
|
$2.94 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PNB Housing Finance Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 149,744,400,000 to 168,631,300,000, a change of 18,886,900,000 (12.6%).
- Net income of 19,361,400,000 contributed positively to equity growth.
- Share repurchases of 69,700,000 reduced equity.
- New share issuances of 69,700,000 increased equity.
- Other comprehensive income increased equity by 3,250,600,000.
- Other factors decreased equity by 3,725,100,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs19.36 Billion | +11.48% |
| Share Repurchases | Rs69.70 Million | -0.04% |
| Share Issuances | Rs69.70 Million | +0.04% |
| Other Comprehensive Income | Rs3.25 Billion | +1.93% |
| Other Changes | Rs-3.73 Billion | -2.21% |
| Total Change | Rs- | 12.61% |
Book Value vs Market Value Analysis
This analysis compares PNB Housing Finance 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: 1.62x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 13.07x to 1.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-03-31 | Rs79.98 | Rs1045.65 | x |
| 2013-03-31 | Rs123.61 | Rs1045.65 | x |
| 2014-03-31 | Rs60.06 | Rs1045.65 | x |
| 2015-03-31 | Rs101.50 | Rs1045.65 | x |
| 2016-03-31 | Rs137.88 | Rs1045.65 | x |
| 2017-03-31 | Rs318.85 | Rs1045.65 | x |
| 2018-03-31 | Rs310.06 | Rs1045.65 | x |
| 2019-03-31 | Rs371.04 | Rs1045.65 | x |
| 2020-03-31 | Rs393.55 | Rs1045.65 | x |
| 2021-03-31 | Rs439.05 | Rs1045.65 | x |
| 2022-03-31 | Rs483.98 | Rs1045.65 | x |
| 2023-03-31 | Rs540.07 | Rs1045.65 | x |
| 2024-03-31 | Rs577.87 | Rs1045.65 | x |
| 2025-03-31 | Rs646.69 | Rs1045.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PNB Housing Finance 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): 11.48%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.81%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 4.89x
- Recent ROE (11.48%) is below the historical average (12.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 19.37% | 16.80% | 0.10x | 11.09x | Rs374.56 Million |
| 2013 | 15.02% | 13.95% | 0.09x | 12.39x | Rs310.16 Million |
| 2014 | 13.88% | 11.60% | 0.10x | 12.35x | Rs362.83 Million |
| 2015 | 12.29% | 11.08% | 0.09x | 12.06x | Rs361.97 Million |
| 2016 | 15.22% | 12.32% | 0.09x | 13.84x | Rs1.12 Billion |
| 2017 | 9.39% | 13.76% | 0.09x | 7.70x | Rs-340.01 Million |
| 2018 | 13.34% | 15.56% | 0.08x | 10.12x | Rs2.11 Billion |
| 2019 | 15.79% | 15.62% | 0.09x | 11.12x | Rs4.37 Billion |
| 2020 | 8.08% | 7.62% | 0.11x | 9.87x | Rs-1.54 Billion |
| 2021 | 10.42% | 12.24% | 0.11x | 8.00x | Rs375.97 Million |
| 2022 | 8.47% | 13.53% | 0.09x | 6.66x | Rs-1.51 Billion |
| 2023 | 9.50% | 16.27% | 0.10x | 6.07x | Rs-553.86 Million |
| 2024 | 10.07% | 21.44% | 0.10x | 4.84x | Rs105.66 Million |
| 2025 | 11.48% | 25.81% | 0.09x | 4.89x | Rs2.50 Billion |
Industry Comparison
This section compares PNB Housing Finance Limited's net assets metrics with peer companies in the Mortgage Finance industry.
Industry Context
- Industry: Mortgage Finance
- Average net assets among peers: $30,064,001,105
- Average return on equity (ROE) among peers: 13.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PNB Housing Finance Limited (PNBHOUSING) | Rs179.71 Billion | 19.37% | 3.77x | $2.95 Billion |
| Aadhar Housing Finance Ltd (AADHARHFC) | $63.72 Billion | 14.31% | 2.64x | $2.29 Billion |
| Aavas Financiers Limited (AAVAS) | $2.04 Billion | 16.08% | 7.39x | $1.18 Billion |
| Aptus Value Housing Finance India Limited (APTUS) | $33.39 Billion | 15.06% | 1.15x | $1.41 Billion |
| Bajaj Housing Finance (BAJAJHFL) | $122.33 Billion | 14.15% | 5.69x | $7.85 Billion |
| GIC Housing Finance Limited (GICHSGFIN) | $2.85 Billion | 17.56% | 6.38x | $88.24 Million |
| Home First Finance Company India Limited (HOMEFIRST) | $15.74 Billion | 11.83% | 2.25x | $1.31 Billion |
| INDIA SHELTER FINANCE CORPORATION LIMITED (INDIASHLTR) | $12.41 Billion | 12.52% | 2.46x | $951.30 Million |
| Repco Home Finance Limited (REPCOHOME) | $15.62 Billion | 15.95% | 6.04x | $275.64 Million |
| Reliance Home Finance Limited (RHFL) | $2.48 Billion | 0.00% | 7.60x | $10.54 Million |
About PNB Housing Finance Limited
PNB Housing Finance Limited operates as a housing finance company in India. It provides loans to individuals and corporate bodies for purchase, construction, repair, and up-gradation of houses/flats/commercial properties, etc.; residential plot loans and loans for NRIs; loan against property, lease rental discounting, and loans for real estate developers; and home loans and fixed deposit products… Read more