Arthneeti

PNB Gilts Q2 FY27 Share Price & Earnings Call Analysis

₹77.13-0.05% today
Market cap
₹1,388 Cr
P/E
7.25
ROE
11.02%
PEG
0.12
Price to sales
0.80
Debt to equity
13.62
52W high / low
₹94.5 / ₹59.2
Sales growth (5Y)
10.06%
EBITDA margin
90.08%
Net profit margin
10.56%
Promoter holding
74.07%
Sales (last year)
₹1,740 Cr

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]

Potential multibaggers · Q2 FY27

Potential multibaggers in Finance
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does PNB Gilts rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Finance companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,632 Cr69.0
240%+Up 2%+₹458 Cr23.7
340%+Up 0–2%₹877 Cr29.8
440%+Flat₹40,658 Cr37.4
540%+Flat₹16,070 Cr70.5
640%+Flat₹13,546 Cr—

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Financials of PNB Gilts

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of PNB Gilts

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +310443347385474440501362419563443425424
Expenses +181367341314125912261523093
Operating Profit292430280351461426488303407538292394331
OPM %94%97%81%91%97%97%98%84%97%95%66%93%78%
Other Income +7004001100110
Interest280354325361371355336315307324345327316
Depreciation1444411111111
Profit before tax1872-49-108671153-1299213-536814
Tax %25%19%-16%47%21%25%25%-13%24%25%-15%20%8%
Net Profit +1358-41-156853115-1075160-455413
EPS in Rs0.753.21-2.28-0.863.782.976.37-0.564.178.89-2.522.990.72

Financials of PNB Gilts

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +4103435004025088821,0527561,2301,5771,6761,699
Expenses +16161870213132433495552144
Operating Profit3943274823324878511,0207148811,5221,6241,555
OPM %96%95%96%83%96%96%97%94%72%97%97%92%
Other Income +00000-81-988422
Interest2612762263314035193955109731,4111,3121,312
Depreciation1000012111533
Profit before tax13351257183250614210-8599311242
Tax %33%33%35%-8%36%25%26%21%-9%30%25%25%
Net Profit +8834167153186454166-7769233182
EPS in Rs4.901.929.290.082.9410.3525.239.21-4.293.8612.9510.09
Dividend Payout %31%57%27%1,277%48%29%40%54%0%26%8%20%

Financials of PNB Gilts

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital180180180180180180180180180180180180
Reserves5415527196777088631,1361,2471,0801,1501,3651,530
Borrowings +3,8584,9213,5144,3698,23412,1659,86414,53119,24322,40322,38424,884
Other Liabilities +182119153274001,051960792994807773467
Total Liabilities4,7615,7714,5665,2529,52214,25812,14016,75021,49724,54024,70227,060
Fixed Assets +333334347756
CWIP0000000013000
Investments3286404434,9998,81812,96510,90715,26718,51823,00823,16523,314
Other Assets +4,4305,1284,1202517011,2901,2301,4802,9591,5251,5323,740
Total Assets4,7615,7714,5665,2529,52214,25812,14016,75021,49724,54024,70227,060

Financials of PNB Gilts

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-366-1,0881,213-800-3,843-3,8982,483-4,564-4,638-2,875-197-2,540
Cash from Investing Activity +368-313197-0-0-1-1-1-14-1-1-1
Cash from Financing Activity +711,030-1,4318003,8443,900-2,4814,6134,6183,159-382,479
Net Cash Flow74-370-200-01149-35283-236-62
Free Cash Flow-366-1,0881,212-800-3,844-3,8992,482-4,564-4,653-2,876-198-2,541
CFO/OP-81%-328%269%-235%-785%-452%259%-631%-526%-187%-8%-158%

Financials of PNB Gilts

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days000000000000
Inventory Days
Days Payable
Cash Conversion Cycle000000000000
Working Capital Days-106331993102-136691811293996145
ROCE %9%6%10%7%7%8%8%5%5%7%7%6%
27out of 100

Momentum score · price trend

27 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−16.1%41%
Last 6 months+8.4%67%
Last 3 months−7.6%51%

The price is 46.7% below its all-time high of ₹144.75 (28 Jun 2024). Stocks more than 20% below their peak have their score halved, so 53 became 27.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For PNB Gilts: 0.4 × 41 + 0.4 × 67 + 0.2 × 51 = 53, halved to 27 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What PNB Gilts's management said in earlier quarters

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