PNB Gilts Ltd
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]
- Market Cap ₹ 2,361 Cr.
- Current Price ₹ 131
- High / Low ₹ 149 / 62.1
- Stock P/E 37.3
- Book Value ₹ 73.9
- Dividend Yield 0.76 %
- ROCE 6.81 %
- ROE 5.18 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 130 days to 39.1 days
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 3.53% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance & Investments
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
288 | 346 | 410 | 343 | 500 | 402 | 508 | 882 | 1,052 | 756 | 927 | 1,576 | 1,646 | |
10 | 12 | 16 | 16 | 18 | 70 | 21 | 31 | 32 | 43 | 45 | 55 | 128 | |
Operating Profit | 278 | 333 | 394 | 327 | 482 | 332 | 487 | 851 | 1,020 | 714 | 881 | 1,522 | 1,518 |
OPM % | 96% | 96% | 96% | 95% | 96% | 83% | 96% | 96% | 97% | 94% | 95% | 97% | 92% |
1 | 0 | 0 | 0 | 0 | 0 | 0 | -81 | -9 | 8 | 8 | 4 | 4 | |
Interest | 189 | 243 | 261 | 276 | 226 | 331 | 403 | 519 | 395 | 510 | 973 | 1,411 | 1,412 |
Depreciation | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 15 | 12 |
Profit before tax | 89 | 91 | 133 | 51 | 257 | 1 | 83 | 250 | 614 | 210 | -85 | 99 | 98 |
Tax % | 31% | 32% | 33% | 33% | 35% | -8% | 36% | 25% | 26% | 21% | -9% | 30% | |
61 | 61 | 88 | 34 | 167 | 1 | 53 | 186 | 454 | 166 | -77 | 69 | 65 | |
EPS in Rs | 3.40 | 3.41 | 4.90 | 1.92 | 9.29 | 0.08 | 2.94 | 10.35 | 25.23 | 9.21 | -4.29 | 3.86 | 3.61 |
Dividend Payout % | 22% | 26% | 31% | 57% | 27% | 1,277% | 48% | 29% | 40% | 54% | 0% | 26% |
Compounded Sales Growth | |
---|---|
10 Years: | 16% |
5 Years: | 25% |
3 Years: | 14% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | 1% |
5 Years: | 5% |
3 Years: | -47% |
TTM: | -12% |
Stock Price CAGR | |
---|---|
10 Years: | 20% |
5 Years: | 32% |
3 Years: | 25% |
1 Year: | 109% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 14% |
3 Years: | 4% |
Last Year: | 5% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 135 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 |
Reserves | 488 | 486 | 541 | 552 | 719 | 677 | 708 | 863 | 1,136 | 1,247 | 1,080 | 1,150 |
3,122 | 3,767 | 3,858 | 4,921 | 3,514 | 4,369 | 8,234 | 12,165 | 9,864 | 14,531 | 19,243 | 22,403 | |
92 | 124 | 182 | 119 | 153 | 27 | 400 | 1,051 | 960 | 792 | 994 | 807 | |
Total Liabilities | 3,837 | 4,557 | 4,761 | 5,771 | 4,566 | 5,252 | 9,522 | 14,258 | 12,140 | 16,750 | 21,497 | 24,540 |
4 | 4 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 7 | 7 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 0 |
Investments | 182 | 695 | 328 | 640 | 443 | 4,999 | 8,818 | 12,965 | 10,907 | 15,267 | 18,518 | 23,008 |
3,650 | 3,857 | 4,430 | 5,128 | 4,120 | 251 | 701 | 1,290 | 1,230 | 1,480 | 2,959 | 1,525 | |
Total Assets | 3,837 | 4,557 | 4,761 | 5,771 | 4,566 | 5,252 | 9,522 | 14,258 | 12,140 | 16,750 | 21,497 | 24,540 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-696 | -94 | -366 | -1,088 | 1,213 | -800 | -3,843 | -3,898 | 2,483 | -4,564 | -4,638 | -2,875 | |
-8 | -513 | 368 | -313 | 197 | -0 | -0 | -1 | -1 | -1 | -14 | -1 | |
898 | 630 | 71 | 1,030 | -1,431 | 800 | 3,844 | 3,900 | -2,481 | 4,613 | 4,618 | 3,159 | |
Net Cash Flow | 194 | 22 | 74 | -370 | -20 | 0 | -0 | 1 | 1 | 49 | -35 | 283 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Working Capital Days | 4,123 | 3,596 | 3,426 | 5,296 | 2,883 | 93 | 102 | 68 | 69 | 181 | 171 | 39 |
ROCE % | 8% | 8% | 9% | 6% | 10% | 7% | 7% | 8% | 8% | 5% | 5% | 7% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
3h - Copies of Newspaper Publication published in Financial Express (English) and Jansatta (Hindi) on 28.08.2024 containing Notice regarding the schedule of 28th AGM to be held …
- Surrender Of Portfolio Manager Service License. 6 Aug
- 28Th Annual General Meeting Of The Company Will Be Held On Friday, September 20, 2024 24 Jul
- Corporate Action - Fixed Record Date For Entitlement Of Final Dividend 2023-24, If Declared At Ensuing AGM, Will Be Friday, September 13, 2024 24 Jul
- Results - Unaudited Financial Results For The Period Ended June 30, 2024 24 Jul
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
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Financial Year 2011
from bse
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Financial Year 2011
from nse
Products & Services
The range of products and services offered by the company includes T-bills, Central Government dated securities, state government securities, public sector unit (PSU) bonds, inter-corporate deposits, gilt accounts, money market instruments, and investment/trading in equity and equity derivatives. In addition, it offers advisory services to clients for managing their G-Sec portfolios. [1]