PNB Gilts Ltd Stock Price Today (NSE: PNBGILTS)

PNB Gilts Ltd

79.23+2.06 (+2.67%)
Market Closed

Fundamental Score

...

PNB Gilts Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

PNB Gilts Ltd share price today is 79.23, up +2.67% on NSE/BSE as of 22 June 2026. PNB Gilts Ltd (PNBGILTS) is a Small-cap company in the Investment Company sector with a market capitalisation of 1.52K (Cr). The 52-week high for PNBGILTS share price is 119.80 and the 52-week low is 58.60. At a P/E ratio of 8.49x, PNBGILTS is currently trading below its industry average P/E of 31.61x. The company has a Return on Equity (ROE) of 16.10% and a debt-to-equity ratio of 15.13.

PNB Gilts Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
83.40
Low
66.91
Volume
23.8L
Change
+5.33%

PNB Gilts Ltd share price chart: 5.33% return over the past month. 52-week high ₹119.80, 52-week low ₹58.60.

PNB Gilts Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
77.0079.8376.1079.235.16L (Cr)
79.8079.9876.4077.173.23L (Cr)
76.9580.9876.7478.798.98L (Cr)
76.7376.7376.7376.730.00 (Cr)
78.5579.0075.9176.736.03L (Cr)
79.0080.4477.8078.265.78L (Cr)
79.4082.2378.2479.2812.11L (Cr)
80.3081.5078.5079.358.05L (Cr)
79.4182.8079.4080.8428.69L (Cr)
72.4082.3071.4679.27122.87L (Cr)

PNB Gilts Ltd — Last 12 Months Price History

MonthOpenHighLowCloseChange
79.8079.9876.1079.23-0.71%
71.5083.4066.9178.79+10.20%
60.5577.2560.5570.55+16.52%
78.0179.9058.6059.16-24.16%
79.0083.5076.4679.93+1.18%
81.0087.9976.0579.14-2.30%
83.6587.1077.2781.03-3.13%
91.6992.2683.0083.80-8.61%
96.25101.4588.1591.99-4.43%
96.85106.0095.5596.20-0.67%
107.35109.9995.7096.37-10.23%
99.89119.8093.56107.19+7.31%

AI Research Briefing

Powered by Gemini · 2026-04-10

PNB Gilts is a pure rate speculation vehicle, and right now, the rates aren't juicy enough.

Research Confidence
6.0/10Moderate
RATE PLAYBreakdown. 1M: -8.22%, 3M: -13.86%, 6M: -18.08%P/E of 8.49x is cheap compared to the industry P/E of 31.61x, but earnings are volatile.

WHAT'S HAPPENING NOW (last 2-4 weeks)

PNB Gilts' trading window closed on April 1st for FY26 financial results. The stock opened with a 5.33% gain on April 8th but closed with a 4.39% gain, suggesting potential resistance. Promoter Punjab National Bank (PNB) confirmed no shares were encumbered during FY26.

CORE STORY (THE REAL GAME)

PNB Gilts is a rate play, heavily influenced by government bond yields and RBI policy. It's not about fundamental business growth, but about correctly predicting and trading interest rate movements.

Why Now
  • Gap up on April 8th suggests short-term buying interest
  • Confirmation of unencumbered shares from promoter
  • Potential peak in interest rate cycle
Potential Catalysts
  • RBI rate cut announcement
  • Significant increase in government bond issuance
  • Sharp drop in crude oil prices, leading to lower inflation expectations
Key Risks
  • Small-cap: liquidity risk
  • High debt/equity ratio of 15.13
  • Negative free cash flow of ₹-9809.37 Cr
  • YoY profit decline of -140.03% in the latest quarter
Institutional Activity

FII increased their stake by 0.24%, a mildly positive signal.

Macro Context

Global realignment and capital market maturity are tailwinds for the Indian economy.

Cash Flow Quality

No, negative free cash flow of ₹-9809.37 Cr

3–6 Month Outlook

If interest rates decline, PNB Gilts will benefit. However, its financial performance is highly susceptible to interest rate fluctuations.

Primary Thesis Risk

Adverse interest rate movements can decimate their trading book.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Average

Return on Equity (ROE)

16.10%

Profit generated per ₹1 of shareholder equity

Poor

Return on Capital (ROCE)

6.80%

Returns generated on total capital deployed

Excellent

Oper. Profit Margin (5Y Avg)

91.57%

Average operating profit margin over 5 years

Good

Dividend Yield

1.18%

Annual dividend as % of current share price

PNB Gilts Ltd Valuation Check

Excellent

Price to Earnings (P/E)

8.49x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

31.61x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

74.07%

% shares held by company founders/management

Poor

FII Holding

0.77%

% shares held by foreign institutional investors

Poor

DII Holding

0.00%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Poor

Profit Growth (Quarterly YoY)

-140.03%

Net profit growth vs same quarter last year

Poor

Revenue Growth (Quarterly YoY)

-11.45%

Revenue growth vs same quarter last year

Excellent

Revenue Growth (5-Year CAGR)

13.70%

Compounded annual revenue growth over 5 years

Poor

EPS Growth (5-Year CAGR)

-1.30%

Earnings per share growth over 5 years

Poor

Net Profit Growth (5-Year CAGR)

-1.30%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Poor

Debt to Equity Ratio

15.13x

Total debt ÷ equity. Below 0.5 = financially healthy

Poor

Interest Coverage Ratio

1.19x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

-9.81K (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

PNB Gilts Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of PNBGILTS across key market metrics for learning purposes.

Positive Indicators

6 factors identified

Strong Return on Equity (16.10%)

Observation: Efficient use of shareholders' capital generating superior returns.

Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.

Strong Operating Margins (91.57%)

Observation: Healthy 5-year operating margins indicate pricing power and cost control.

Analysis: OPM >15% suggests operational efficiency and competitive advantages.

Attractive Valuation (P/E: 8.49 vs Industry: 31.61)

Observation: Trading at discount to industry peers.

Analysis: P/E below industry average may present value opportunity.

Consistent Growth Track Record (13.70% CAGR)

Observation: Strong 5-year sales compound annual growth rate.

Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.

Balanced Promoter Holding (74.07%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

9 factors identified

Suboptimal ROCE (6.80%)

Observation: Returns on capital employed are below expectations.

Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.

Profit Decline Concern (-140.03%)

Observation: Significant year-over-year profit contraction observed.

Analysis: Declining profitability requires investigation into underlying causes.

Revenue Contraction (-11.45%)

Observation: Sales decline may indicate market challenges or competitive pressures.

Analysis: Negative revenue growth requires analysis of market conditions.

Weak Earnings Growth (-1.30% CAGR)

Observation: Below-average 5-year EPS growth performance.

Analysis: Low EPS growth may not keep pace with inflation.

Stagnant Profit Growth (-1.30% CAGR)

Observation: Limited 5-year profit growth trajectory.

Analysis: Low profit growth may indicate scalability challenges or market maturity.

Elevated Debt Levels (D/E: 15.13)

Observation: High leverage increases financial risk and interest burden.

Analysis: High debt-to-equity ratios require monitoring of debt servicing capability.

Weak Interest Coverage (1.19x)

Observation: Limited ability to service debt obligations from earnings.

Analysis: Low interest coverage raises concerns about financial stability.

Negative Free Cash Flow (₹-9809.37 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

Limited Institutional Interest (FII+DII: 0.77%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

PNB Gilts Ltd vs Investment Company Peers

Peer Comparison - Investment Company

Compare PNB Gilts Ltd with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
29.1/100
79
₹1517.11
8.5
Average
16.10%
Good
6.80%
Poor
15.1
Poor
-1.30%
Poor
13.70%
Good
1.18%
40.3/100
243
₹193584.72
120.3
Average
1.23%
Poor
1.47%
Poor
0.1
Excellent
0.16%
44.4/100
365
₹93136.66
28.5
Average
11.49%
Average
9.33%
Poor
4.9
Poor
28.82%
Excellent
19.47%
Excellent
0.00%
59.4/100
683
₹37690.94
107.1
Average
1.02%
Poor
1.21%
Poor
0.0
Excellent
28.08%
Excellent
16.17%
Excellent
0.36%
59/100
1637
₹35579.07
16.0
Average
19.11%
Good
10.57%
Average
13.7
Poor
31.60%
Excellent
20.37%
Excellent
0.07%
51.9/100
13483
₹30446.99
21.1
Average
30.20%
Excellent
15.21%
Good
6.3
Poor
25.93%
Excellent
17.77%
Excellent
0.62%
33.9/100
12602
₹23436.99
199.0
Average
0.64%
Poor
0.85%
Poor
0.0
Excellent
10.92%
Good
15.44%
Excellent
0.00%
43.3/100
13084
₹16616.68
53.6
Average
0.61%
Poor
0.59%
Poor
0.0
Excellent
-0.55%
Poor
-2.71%
Poor
1.10%
73.8/100
456
₹12947.55
28.1
Average
7.93%
Poor
2.27%
Poor
0.0
Excellent
39.46%
Excellent
10.70%
Good
1.00%
32.9/100
238
₹8051.02
76.7
Average
5.15%
Poor
8.39%
Poor
0.1
Excellent
16.65%
Excellent
25.38%
Excellent
0.00%
43.2/100
5687
₹3476.12
144.5
Average
0.32%
Poor
0.44%
Poor
0.0
Excellent
18.96%
Excellent
16.26%
Excellent
0.00%

PNB Gilts Ltd PE Ratio History

Historical price-to-earnings ratio for PNBGILTS — last 5 years

YearEPS (₹)Price (₹)P/E Ratio
FY 202512.95₹81.036.3x
FY 20243.86₹108.5628.1x
FY 20229.21₹63.956.9x

P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.

PNB Gilts Ltd Dividend History

Annual cash dividends paid by PNBGILTS — dividend yield 1.18%

Financial YearDividends Paid (₹ Cr)
FY 202518.00 Cr
FY 202390.01 Cr
FY 202254.00 Cr
FY 2021180.01 Cr

Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.

PNB Gilts Ltd Quarterly Performance

Latest quarterly metrics for PNBGILTS — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

-11.45%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

-140.03%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

13.70%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

-1.30%

Compounded annual net profit growth over 5 years

PNB Gilts Ltd Technical Indicators

SMA 50, SMA 200, RSI and volume signals for PNBGILTS — calculated from daily price history

55RSI 14
Neutral — RSI 55

Momentum is balanced — neither overbought nor oversold.

SMA 50
71
▲ Price above SMA 50 — Short-term bullish
SMA 200
84
▼ Price below SMA 200 — Long-term downtrend
30-Day Avg Volume
1934K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

PNB Gilts Ltd Financial Statements

Annual income statement, balance sheet and cash flow for PNB Gilts Ltd (PNBGILTS) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for PNB Gilts Ltd

About PNBGILTS (PNB Gilts Ltd)

PNB Gilts Ltd is a key player in the Indian financial market, specializing in government securities and fixed income instruments. The company acts as a primary dealer, actively par...ticipating in the underwriting and bidding processes for newly issued government securities. This involves a deep understanding of macroeconomic factors, interest rate movements, and government fiscal policies to accurately assess risk and determine competitive bids. Beyond primary market activities, PNB Gilts Ltd. is a significant participant in the secondary market, facilitating trading in a wide array of fixed income assets, catering to institutional investors, banks, and other financial institutions seeking to manage their portfolios and optimize returns. PNB Gilts Ltd. distinguishes itself by offering a comprehensive suite of services tailored to the needs of fixed income market participants. Beyond trading, the company provides specialized custodian services, ensuring the safe and efficient management of clients' securities holdings. They also actively engage in trading diverse financial instruments, including Treasury Bills, State Development Loans, and corporate bonds, thus broadening their market reach and client base. PNB Gilts Ltd. further provides its constituents with Gilts Accounts through which they can hold their investments in government securities. This active involvement across multiple asset classes and service offerings demonstrates a commitment to providing holistic solutions to its clientele in the ever-evolving world of fixed income. PNB Gilts Ltd. occupies a crucial role in fostering liquidity and efficiency within the Indian government securities market. By actively participating in primary auctions and secondary market trading, the company contributes significantly to price discovery and market stability. Its expertise in fixed income instruments, coupled with its comprehensive service offerings, makes it a valuable partner for institutions seeking to navigate the complexities of the Indian debt market. PNB Gilts Ltd. strives to maintain its position as a reliable and trusted intermediary, supporting the growth and development of the Indian financial system through its specialized focus on government securities and fixed income instruments.

Company Details

Symbol:PNBGILTS
Industry:Investment Company
Sector:Investment Company

Key Leadership

Ms. Monika Kochar B.Com., L.L.B.
Senior VP, Chief Compliance Officer & Company Secretary
Mr. Pareed Sunil CAIIB, M.A.
MD, CEO & Director
Mr. Vijay Sharma
Senior Executive Vice President of Operations

PNBGILTS Share Price: Frequently Asked Questions

What is the current share price of PNB Gilts Ltd?

PNB Gilts Ltd (PNBGILTS) trades at ₹79.23 on NSE and BSE. Market cap ₹1.52K (Cr). Educational data only.

What is the P/E ratio of PNB Gilts Ltd?

PNB Gilts Ltd has a P/E of 8.49x vs industry average 31.61x.

What is the Bull Run score for PNB Gilts Ltd?

PNB Gilts Ltd has a Bull Run score of 29.1/100 based on 25+ financial parameters.

Does PNB Gilts Ltd pay dividends?

PNB Gilts Ltd has a dividend yield of 1.18%. Past dividends don't guarantee future payments.

What is the ROE of PNB Gilts Ltd?

PNB Gilts Ltd has ROE of 16.10%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of PNB Gilts Ltd?

PNB Gilts Ltd has debt-to-equity of 15.13.

Is PNB Gilts Ltd a good investment?

Bull Run gives PNB Gilts Ltd a score of 29.1/100. This is not investment advice — consult a SEBI-registered advisor.