PNB Gilts
NSE: PNBGILTS · Investment Company
Snapshot
Unlock PNB Gilts's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
PNB Gilts Ltd. operates as a primary dealer in government securities, facilitating the underwriting and trading of fixed-income instruments. The company provides a range of financial services, including custodian services, gilts accounts, and money market instrument trading for diverse institutional and individual clients.
Business Model
The company generates revenue primarily through trading spreads on government securities, treasury bills, and corporate bonds, alongside underwriting commissions. It also earns fees from providing custodian services and managing gilts accounts for its constituent base.
Growth Outlook
Growth is driven by the expansion of the Indian government securities market and increased participation from institutional investors like provident funds and regional banks. The company continues to leverage its status as a subsidiary of Punjab National Bank to strengthen its market position.
Key Risks
- Interest Rate Risk. Fluctuations in interest rates significantly impact the valuation of the company's fixed-income portfolio and trading margins.
- Regulatory Risk. As a primary dealer, the company is subject to stringent regulations by the Reserve Bank of India, which can alter operational requirements and profitability.
- Market Liquidity Risk. Reduced liquidity in the government securities or money markets could hinder the company's ability to execute trades efficiently.
- Credit Risk. Exposure to corporate bonds and inter-corporate deposits carries the inherent risk of default by issuers.
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Key Metrics
REVENUE
₹1,747 Cr
TTM · standalone
NET PROFIT
₹102 Cr
TTM · standalone
EPS
₹5.67
TTM · standalone
RETURN ON EQUITY
6.3%
TTM · standalone
P/E
14.7x
Q1 FY27 · standalone
NET PROFIT MARGIN
17.8%
Q1 FY27 · standalone
DEBT TO EQUITY
11.2x
Q1 FY21 · standalone
Peers · Investment Company
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
PNB GiltsPNBGILTS | ₹1,496 Cr | 14.65 | — | -5.3% | 92.0% | 6.3% | — | -15.5% |
Shipping Corporation of India Land and Assets LimitedSCILAL | ₹1,852 Cr | 65.20 | — | 24.0% | -179.0% | 0.9% | — | -23.9% |
Summit SecuritieSUMMITSEC | ₹1,564 Cr | 10.35 | — | 30.3% | 97.0% | 1.1% | — | -35.8% |
Vardhman Holdings LimitedVHL | ₹1,155 Cr | 4.60 | — | 0.5% | 84.0% | 6.9% | — | -8.7% |
STEL HoldingsSTEL | ₹1,122 Cr | 57.19 | — | 19.9% | 97.0% | 1.2% | — | +26.5% |
Industrial & Prudential Investment Company LimitedINDPRUD | ₹1,057 Cr | 16.58 | — | -9.5% | 84.0% | 7.7% | — | +0.4% |
As of Q1 FY27
Financials
PNB Gilts
NSE: PNBGILTS · Investment Company
Snapshot
Unlock PNB Gilts's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
PNB Gilts Ltd. operates as a primary dealer in government securities, facilitating the underwriting and trading of fixed-income instruments. The company provides a range of financial services, including custodian services, gilts accounts, and money market instrument trading for diverse institutional and individual clients.
Business Model
The company generates revenue primarily through trading spreads on government securities, treasury bills, and corporate bonds, alongside underwriting commissions. It also earns fees from providing custodian services and managing gilts accounts for its constituent base.
Growth Outlook
Growth is driven by the expansion of the Indian government securities market and increased participation from institutional investors like provident funds and regional banks. The company continues to leverage its status as a subsidiary of Punjab National Bank to strengthen its market position.
Key Risks
- Interest Rate Risk. Fluctuations in interest rates significantly impact the valuation of the company's fixed-income portfolio and trading margins.
- Regulatory Risk. As a primary dealer, the company is subject to stringent regulations by the Reserve Bank of India, which can alter operational requirements and profitability.
- Market Liquidity Risk. Reduced liquidity in the government securities or money markets could hinder the company's ability to execute trades efficiently.
- Credit Risk. Exposure to corporate bonds and inter-corporate deposits carries the inherent risk of default by issuers.
Start your research today
Unlock AI insights, financials, peers and live data on PNB Gilts and 5,000+ companies — free.
Key Metrics
REVENUE
₹1,747 Cr
TTM · standalone
NET PROFIT
₹102 Cr
TTM · standalone
EPS
₹5.67
TTM · standalone
RETURN ON EQUITY
6.3%
TTM · standalone
P/E
14.7x
Q1 FY27 · standalone
NET PROFIT MARGIN
17.8%
Q1 FY27 · standalone
DEBT TO EQUITY
11.2x
Q1 FY21 · standalone
Peers · Investment Company
As of Q1 FY27