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PNB Gilts (PNBGILTS) had a P/E of 7.6× on 6 Nov 2026, below the industry P/E of 18.4×, and the shares are 19% below their 52-week high. Sales grew 20% a year over 3 years; its ROE of 11% is the lowest among the 7 largest Capital Markets peers. Debt is 13.82× equity, and its dividend yield is 2.5%. It is a small-cap company with a market cap of ₹1,454 Cr, ranked 18th of 219 Capital Markets companies by market cap; the shares fell 13% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹78.70
Day high
₹81.82
Day low
₹76.45
Prev. close
₹78.70
Volume
10.7 L

Health check

1 good · 1 fair · 4 to check
  • ReturnsBehind

    −13.1% over a year, better than 1 of 7 peers.

  • Price tagCheaper

    P/E 7.6 vs industry 18.4.

  • GrowthSteady

    Sales +20.5% a year over 3 years.

  • ProfitabilityWeak

    ROE 11.2% vs peer median 18.9%.

  • Balance sheetStretched

    Debt 13.82× equity.

  • Red flags2 to check

    Debt is 13.82× equity.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Capital Markets

218 listed peers. Screen the industry

Small cap

₹1,454 Cr, #18 of 219 in its industry by size.

Defensive

Beta 0.50 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹390 Cr · profit ₹192 Cr
Market cap
₹1,454 Cr
Small cap
P/E
7.6
Industry 18.4
Price to book
0.81
Peers 4.53
Dividend yield
2.48%
ROE
11.2%
Peers 18.9%
ROCE
n/a
Peers 22.1%
Debt to equity
13.82
Debt ₹24,873 Cr
EPS (TTM)
₹10.69
Face value ₹10
OPM (TTM)
96.1%
Net margin 49.4%
Sales growth
−4.0%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
3.73

Strengths and risks

Strengths

  • Dividend yield of 2.48%.
  • Net margin of 49.4%.
  • P/E of 7.6 against an industry P/E of 18.4.

Risks to check

  • Debt is 13.82× equity.
  • Quarterly sales down 4.0% on a year ago.

Derived automatically from reported figures. Not a recommendation.

About PNB Gilts

PNB Gilts Ltd. operates as a government securities dealer in India. The company involved in underwriting and bidding government securities issuances; trading of fixed income instruments, such as government securities, treasury bills, state development loans, corporate bonds, and interest rate swaps, as well as various money market instruments, including certificates of deposits, commercial papers, etc.; and provision of custodian services to its…

Headquarters
New Delhi
Employees
51
Sector
Financial Services
ISIN
INE859A01011
Website
pnbgilts.com

Price range

52 weeks

₹58.60₹99.80

Today

₹76.45₹81.82
Avg volume (3M)
7.6 L
1-year return
minus 13.1%
From 52-week high
minus 19.1%

Peers · Capital Markets

Compare with peersScreen the whole industry
Company
GROWWBillionbrains Garage Ventures215.08minus 3.93%1,33,58550.313.7829.3%21.6%62.9%––0.00%plus 63.8%
MOTILALOFSMotilal Oswal Financial Services1,102.00plus 0.64%66,44825.04.2718.1%18.9%52.4%29.0%26.1%0.54%plus 11.1%
AIILAuthum Investment & Infrastructure570.05plus 0.08%48,41027.63.2915.2%13.1%74.0%44.4%−23.5%0.00%minus 0.7%
ANGELONEAngel One331.00plus 1.49%30,29026.84.5326.9%18.4%39.7%20.3%0.9%1.95%plus 29.5%
CDSLCentral Depository Services (India)1,331.40minus 0.19%27,82655.114.0329.7%26.4%51.3%27.3%18.2%0.96%minus 13.3%
CHOICEINChoice International748.20minus 0.09%16,66862.98.9017.6%15.8%35.3%42.2%53.6%0.00%minus 7.4%
IIFLCAPSIIFL Capital Services349.80plus 0.13%13,03618.83.1522.1%19.5%36.1%19.9%30.9%0.86%plus 4.1%
PNBGILTSPNB Gilts80.78plus 2.64%1,4547.60.81–11.2%96.1%––2.48%minus 13.1%
Median of 7 peers–0.08%30,29027.64.5322.1%18.9%51.3%28.2%22.2%0.54%4.1%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrMar 25Jun 25Dec 25Jun 26Sep 26
299563410455419
−67.925.515.415.216.1
367538394439403
122.7%95.5%96.3%96.7%96.2%
40.30.10.10.20.3
307324327331342
0.90.60.60.60.6
0.200.90.10.2
99.221367.710860.2
24.4%24.9%20.3%25.5%25.6%
7516053.980.744.8
–8.892.994.482.49

Sep 25, Mar 26 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+20.5%
ROE
11.2%
Net profitSelect a row below to chart it
₹ CrMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
–9501,3831,5561,662
––+45.6%+12.5%+6.8%
–110−44.2−28.3189
7228411,4281,5841,473
–88.4%103.2%101.8%88.6%
040.794.240.5–
5109731,4111,312–
1.21.415.43.4–
–7.93.72.21.8
210−85.198.8311–
21.1%9.2%29.8%25.1%–
166−77.269.4233–
–minus 146.6%–+235.7%–
9.21-4.293.8612.95–

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
180180180180–
–1,0801,1501,365–
14,53319,24322,40322,384–
–994807773–
16,75021,49724,54024,703–
–8.46.555.9
–1.5–––
–3,5201,064247764
50.115,01322,24223,51823,539
16,7002,9541,228932–
16,75021,49724,54024,703–

Cash flow

Yearly, ₹ crore · latest reported Mar 2025
Cash from operationsSelect a row below to chart it
₹ CrMar 2022Mar 2023Mar 2024Mar 2025
−4,564−4,638−2,875−197
−0.6−14.4−1−1
4,6134,6183,159−37.9
48.7−34.7283−236
−0.7−14.4−1.1−1
−4,564−4,653−2,876−198
−54−90–−18

Mar 2026 not reported by the data source.

Shareholding pattern

Source: NSE filings
74.1%
promoters
  • Promoters74.07%
  • Public25.93%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202674.07%25.93%0.00
30 Jun 202674.07%25.93%0.00
31 Mar 202674.07%25.93%0.00
31 Dec 202574.07%25.93%0.00
30 Sep 202574.07%25.93%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you