About
PNB Gilts Ltd. operates as a government securities dealer in India. The company involved in underwriting and bidding of 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 constituents. It also provides gilts accounts; debt solutions comprising bond and debenture issuances; and retailing services. It serves provident funds trusts, regional rural banks, co-operative banks, corporates, educational institutions, individuals, etc. PNB Gilts Ltd. was incorporated in 1996 and is based in New Delhi, India. PNB Gilts Ltd. is a subsidiary of Punjab National Bank.
Key Metrics
as of Sep 2026Market Cap1,496 Cr
P/E14.80
Div Yield2.41 %
Book Value₹95.00
52w High₹106.00
52w Low₹58.60
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 455.00 | 424.00 | 425.00 | 443.00 | 563.00 | 419.00 | 362.00 | 501.00 | 440.00 | 474.00 | 385.00 | 347.00 | 443.00 |
| Expenses | 15.00 | 93.00 | 30.00 | 152.00 | 26.00 | 12.00 | 59.00 | 12.00 | 14.00 | 13.00 | 34.00 | 67.00 | 13.00 |
| Operating Profit | 439.00 | 331.00 | 394.00 | 292.00 | 538.00 | 407.00 | 303.00 | 488.00 | 426.00 | 461.00 | 351.00 | 280.00 | 430.00 |
| OPM % | 97.00 | 78.00 | 93.00 | 66.00 | 95.00 | 97.00 | 84.00 | 98.00 | 97.00 | 97.00 | 91.00 | 81.00 | 97.00 |
| Other Income | 0.00 | 0.00 | 1.00 | 1.00 | 0.00 | 0.00 | 1.00 | 1.00 | 0.00 | 0.00 | 4.00 | 0.00 | 0.00 |
| Depreciation | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 4.00 | 4.00 | 4.00 | 4.00 |
| Interest | 331.00 | 316.00 | 327.00 | 345.00 | 324.00 | 307.00 | 315.00 | 336.00 | 355.00 | 371.00 | 361.00 | 325.00 | 354.00 |
| Profit before tax | 108.00 | 14.00 | 68.00 | -53.00 | 213.00 | 99.00 | -12.00 | 153.00 | 71.00 | 86.00 | -10.00 | -49.00 | 72.00 |
| Tax % | 25.00 | 8.00 | 20.00 | -15.00 | 25.00 | 24.00 | -13.00 | 25.00 | 25.00 | 21.00 | 47.00 | -16.00 | 19.00 |
| Net Profit | 81.00 | 13.00 | 54.00 | -45.00 | 160.00 | 75.00 | -10.00 | 115.00 | 53.00 | 68.00 | -15.00 | -41.00 | 58.00 |
| EPS in Rs | 4.48 | 0.72 | 2.99 | -2.52 | 8.89 | 4.17 | -0.56 | 6.37 | 2.97 | 3.78 | -0.86 | -2.28 | 3.21 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,699.00 | 1,676.00 | 1,577.00 | 1,230.00 | 756.00 | 1,052.00 | 882.00 | 508.00 | 402.00 | 500.00 | 343.00 | 410.00 |
| Expenses | 144.00 | 52.00 | 55.00 | 349.00 | 43.00 | 32.00 | 31.00 | 21.00 | 70.00 | 18.00 | 16.00 | 16.00 |
| Operating Profit | 1,555.00 | 1,624.00 | 1,522.00 | 881.00 | 714.00 | 1,020.00 | 851.00 | 487.00 | 332.00 | 482.00 | 327.00 | 394.00 |
| OPM % | 92.00 | 97.00 | 97.00 | 72.00 | 94.00 | 97.00 | 96.00 | 96.00 | 83.00 | 96.00 | 95.00 | 96.00 |
| Other Income | 2.00 | 2.00 | 4.00 | 8.00 | 8.00 | -9.00 | -81.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 1,312.00 | 1,312.00 | 1,411.00 | 973.00 | 510.00 | 395.00 | 519.00 | 403.00 | 331.00 | 226.00 | 276.00 | 261.00 |
| Depreciation | 3.00 | 3.00 | 15.00 | 1.00 | 1.00 | 2.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| Profit before tax | 242.00 | 311.00 | 99.00 | -85.00 | 210.00 | 614.00 | 250.00 | 83.00 | 1.00 | 257.00 | 51.00 | 133.00 |
| Tax % | 25.00 | 25.00 | 30.00 | -9.00 | 21.00 | 26.00 | 25.00 | 36.00 | -8.00 | 35.00 | 33.00 | 33.00 |
| Net Profit | 182.00 | 233.00 | 69.00 | -77.00 | 166.00 | 454.00 | 186.00 | 53.00 | 1.00 | 167.00 | 34.00 | 88.00 |
| EPS in Rs | 10.09 | 12.95 | 3.86 | -4.29 | 9.21 | 25.23 | 10.35 | 2.94 | 0.08 | 9.29 | 1.92 | 4.90 |
| Dividend Payout % | 20.00 | 8.00 | 26.00 | 0.00 | 54.00 | 40.00 | 29.00 | 48.00 | 1,277.00 | 27.00 | 57.00 | 31.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 180.00 | 180.00 | 180.00 | 180.00 | 180.00 | 180.00 | 180.00 | 180.00 | 180.00 | 180.00 | 180.00 | 180.00 |
| Reserves | 1,530.00 | 1,365.00 | 1,150.00 | 1,080.00 | 1,247.00 | 1,136.00 | 863.00 | 708.00 | 677.00 | 719.00 | 552.00 | 541.00 |
| Borrowings | 24,884.00 | 22,384.00 | 22,403.00 | 19,243.00 | 14,531.00 | 9,864.00 | 12,165.00 | 8,234.00 | 4,369.00 | 3,514.00 | 4,921.00 | 3,858.00 |
| Other Liabilities | 467.00 | 773.00 | 807.00 | 994.00 | 792.00 | 960.00 | 1,051.00 | 400.00 | 27.00 | 153.00 | 119.00 | 182.00 |
| Total Liabilities | 27,060.00 | 24,702.00 | 24,540.00 | 21,497.00 | 16,750.00 | 12,140.00 | 14,258.00 | 9,522.00 | 5,252.00 | 4,566.00 | 5,771.00 | 4,761.00 |
| Fixed Assets | 6.00 | 5.00 | 7.00 | 7.00 | 4.00 | 3.00 | 4.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 13.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 23,314.00 | 23,165.00 | 23,008.00 | 18,518.00 | 15,267.00 | 10,907.00 | 12,965.00 | 8,818.00 | 4,999.00 | 443.00 | 640.00 | 328.00 |
| Other Assets | 3,740.00 | 1,532.00 | 1,525.00 | 2,959.00 | 1,480.00 | 1,230.00 | 1,290.00 | 701.00 | 251.00 | 4,120.00 | 5,128.00 | 4,430.00 |
| Total Assets | 27,060.00 | 24,702.00 | 24,540.00 | 21,497.00 | 16,750.00 | 12,140.00 | 14,258.00 | 9,522.00 | 5,252.00 | 4,566.00 | 5,771.00 | 4,761.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -2,540.00 | -197.00 | -2,875.00 | -4,638.00 | -4,564.00 | 2,483.00 | -3,898.00 | -3,843.00 | -800.00 | 1,213.00 | -1,088.00 | -366.00 |
| Cash from Investing Activity | -1.00 | -1.00 | -1.00 | -14.00 | -1.00 | -1.00 | -1.00 | 0.00 | 0.00 | 197.00 | -313.00 | 368.00 |
| Cash from Financing Activity | 2,479.00 | -38.00 | 3,159.00 | 4,618.00 | 4,613.00 | -2,481.00 | 3,900.00 | 3,844.00 | 800.00 | -1,431.00 | 1,030.00 | 71.00 |
| Net Cash Flow | -62.00 | -236.00 | 283.00 | -35.00 | 49.00 | 1.00 | 1.00 | 0.00 | 0.00 | -20.00 | -370.00 | 74.00 |
| Free Cash Flow | -2,541.00 | -198.00 | -2,876.00 | -4,653.00 | -4,564.00 | 2,482.00 | -3,899.00 | -3,844.00 | -800.00 | 1,212.00 | -1,088.00 | -366.00 |
| CFO/OP % | -158.00 | -8.00 | -187.00 | -526.00 | -631.00 | 259.00 | -452.00 | -785.00 | -235.00 | 269.00 | -328.00 | -81.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash Conversion Cycle | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Working Capital Days | 145.00 | 96.00 | 39.00 | 129.00 | 181.00 | 69.00 | -136.00 | 102.00 | 93.00 | 319.00 | 63.00 | -10.00 |
| ROCE % | 6.00 | 7.00 | 7.00 | 5.00 | 5.00 | 8.00 | 8.00 | 7.00 | 7.00 | 10.00 | 6.00 | 9.00 |
Corporate Actions
25 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 10 Sep 2025 | 10 Sep 2025 | — | 1.00 | |
| Dividend | 13 Sep 2024 | 13 Sep 2024 | — | 1.00 | |
| Dividend | 25 Aug 2022 | 26 Aug 2022 | — | 5.00 | |
| Dividend | 02 Sep 2021 | 04 Sep 2021 | — | 3.00 | |
| Dividend | 11 Feb 2021 | 12 Feb 2021 | — | 4.00 | |
| Dividend | 18 Nov 2020 | 19 Nov 2020 | — | 3.00 | |
| Dividend | 03 Sep 2020 | 05 Sep 2020 | — | 3.00 | |
| Dividend | 14 Aug 2019 | — | — | 1.40 | |
| Dividend | 06 Sep 2018 | — | — | 1.00 | |
| Dividend | 07 Sep 2017 | — | — | 2.50 | |
| Dividend | 08 Sep 2016 | — | — | 1.10 | |
| Dividend | 10 Sep 2015 | — | — | 1.50 | |
| Dividend | 21 Aug 2014 | — | — | 0.90 | |
| Bonus | 03 Jul 2013 | 04 Jul 2013 | 1:3 | — | |
| Dividend | 23 May 2013 | — | — | 1.00 | |
| Dividend | 19 Jul 2012 | — | — | 1.00 | |
| Dividend | 16 Jun 2011 | — | — | 1.20 | |
| Dividend | 28 May 2010 | — | — | 1.00 | |
| Dividend | 10 Aug 2009 | — | — | 0.80 | |
| Dividend | 18 Sep 2008 | — | — | 1.50 | |
| Other | 20 Sep 2007 | — | — | — | Agm |
| Other | 21 Sep 2006 | — | — | — | Agm |
| Other | 21 Sep 2005 | — | — | — | Agm |
| Dividend | 01 Nov 2001 | 12 Nov 2001 | — | 1.00 | |
| Dividend | 03 Jul 2001 | — | — | 1.80 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update30 Jan from icra
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Rating update15 Dec 2025 from crisil
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Rating update27 Nov 2025 from crisil
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Rating update16 Sep 2025 from crisil
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Rating update12 Sep 2025 from fitch
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Rating update29 Jan 2025 from icra