PNB Gilts Ltd (PNBGILTS) Share Price & Fundamentals

What we do

PNB Gilts Ltd is a leading primary dealer specializing in government securities, treasury bills, corporate bonds, and money market instruments, supporting government borrowing programs in India.

Founded in

1,996

Market share

Among top primary dealers in India with strong market presence in government securities and money markets.

Problem solved

Facilitates liquidity and financing for government borrowing and provides investors access to reliable fixed income instruments.

Top clients or who we serve

Services institutional investors, banks, cooperatives, mutual funds, and the Indian government; operates primarily in B2B space.

Key management

Sh. Pareed Sunil, Managing Director & CEO; Sh. Kalyan Kumar, Chairman with extensive financial sector experience.

Our journey and innovations

Established in 1996 as PNB's subsidiary; expanded into merchant banking and mutual fund distribution; led secondary market trades in government securities.

Where we operate

Primarily India-centric with operations in Delhi and service network across major financial centers.

Top products or what we offer

Government securities underwriting, treasury bills, corporate bonds, certificates of deposit, commercial papers, interest rate swaps, and custodian services.

Top brands

Government Securities Market Operations #1; Commercial Paper Programs rated A1+ by ICRA and CRISIL; Trusted custodian services.

Raw materials needed

-

Raw materials supplier

-

Recurring vs cyclical contribution

Revenue largely recurring from trading, underwriting, and fee-based financial services.

Our industry position

Strong leadership as a primary dealer with consistent profitability and capital adequacy ratio of 42.68%.

Financial highlights

FY 2024-25 revenue Rs. 1676.16 Cr, net profit Rs. 233.03 Cr showing strong growth.

Geographical revenue split

Revenue derived predominantly from Indian market across various fixed income segments.

Order book

-

Whats driving growth

Monetary policy easing, increased government borrowing, and growing fixed income market participation.

Our future plans

Focus on expanding trading volumes, enhancing risk management, and maintaining regulatory compliances.

Our green promise

Committed to energy efficiency and sustainable practices in operations and resource use.

Our people and values

Experienced professional team fostering ethical culture, diversity, and continuous learning.

Key challenges ahead

Volatility in global bond markets, regulatory changes, and maintaining competitive edge.

Interesting facts

Among the first licensed Primary Dealers in India; upheld consistent profitability and dividend payments over decades.

Risks and strategy

Robust risk management framework addressing market, liquidity, operational, and regulatory risks with periodic reviews.