Buy PNB Housing Finance, target price Rs 550: JM Financial

JM Financial has buy call on PNB Housing Finance with a target price of Rs 550.0. The current market price of PNB Housing Finance Ltd. is Rs 422.85.

PNB Housing Finance Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 7139.19 Crore) operating in NBFC sector.

PNB Housing Finance Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Income From Sale Of Share & Securities for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 1683.43 Crore, up 19.22 % from last quarter Total Income of Rs 1411.99 Crore and up 6.12 % from last year same quarter Total Income of Rs 1586.41 Crore. Company has reported net profit after tax of Rs 262.63 Crore in latest quarter.

The company’s top management includes Mr.Atul Kumar Goel, Ms.Gita Nayyar, Dr.T M Bhasin, Mr.Binod Kumar, Mr.Nilesh S Vikamsey, Mr.R Chandrasekaran, Mr.Kapil Modi, Mr.Neeraj Vyas, Mr.Sunil Kaul, Mr.Sudarshan Sen. Company has B R Maheshwari & Co. as its auditors. As on 30-09-2022, the company has a total of 17 Crore shares outstanding.



Promoter/FII Holdings
Promoters held 32.57 per cent stake in the company as of 30-Sep-2022, while FIIs owned 23.96 per cent, DIIs 3.28 per cent.