Mehabe score: 3 G Factor: 4 Piotski Score: 8 The stock has a rating . The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 4 and Piotski score of 8.
Description
PNB Housing Finance is primarily engaged in the business of providing loans to individuals and corporate bodies for purchase, construction, repair and up-gradation of houses.(Source : 201903 Annual Report Page No: 129)Site:PNBHOUSINGMain Symbol:PNBHOUSING
Stock trades at 718.0, above its 50dma 657.74. It also trades above its 200dma 498.38. The stock remains bullish on techicals
The 52 week high is at 925.00 and the 52week low is at 207.85
Price Chart
P/E Chart
Sales and Margin
Strengths
–
Weakness
– Though the company is reporting repeated profits, it is not paying out dividend
– has low interest coverage ratio.
– has a low return on equity of 11.64% for last 3 years.
-Dividend payout has been low at 4.65% of profits over last 3 years
Competition
– The industry trades at a mean P/E of 28.1x. AAVAS Financiers trades at the industry’s max P/E of 67.02x. PNBHOUSING trades at a P/E of 13.0x
– Industry’s mean G-Factor is 4.4 while the mean Piotski score is 8.0. PNBHOUSING has a G-Factor of 4 and Piotski scoreof 8.
– Average 1 month return for industry is -2.2%. The max 1- month return was given by Can Fin Homes: a return of 9.19 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 1675.0 cr compared to Rs 1866.0 cr for period ended Jun 2020, a fall of 10.2%
Operating Profits reported at Rs 255.0 cr for period ended Jun 2021 vis-vis 155.0 for period ended Jun 2020 .
Operating Margins expanded 691.7 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 13.94 compared to Rs 7.72 for previous quarter ended Mar 2021 and Rs 15.44 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 7374.0 cr for period ended TTM vis-vis sales of Rs 7565.0 cr for the period ended Mar 2021, a fall of 2.6%. The 3 year sales cagr stood at -0.5%.
Operating margins shrank to 1196.0% for period ended TTM vis-vis 1227.0% for period ended Mar 2021, contraction of 3100.0 bps.
Net Profit reported at Rs 901.0 cr for period ended TTM vis-vis sales of Rs 925.0 cr for the period ended Mar 2021, falling 2.7%.
Company reported a poor Net Profit CAGR of -5.9% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has had stable/constant Return on Equity (RoE) metric. The RoE on Last Year basis was 11.0% compared to 12.0% over the last 3 Years. – The stock has given a return of 242% on a 1 Year basis vis-vis a return of -17% over the last 3 Years. – The compounded sales growth on a TTM bassis is -11% vis-vis a compounded sales growth of 11% over the last 3 Years. – The compounded profit growth on a TTM basis is 36% vis-vis a compounded profit growth of 3% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 25.86% vis-vis 24.51% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 38.6% vis-vis 39.55% for Mar 2021
Conclusion
– – Though the company is reporting repeated profits, it is not paying out dividend
– has low interest coverage ratio.
– has a low return on equity of 11.64% for last 3 years.
-Dividend payout has been low at 4.65% of profits over last 3 years
