ABOUT PNB FINANCE AND INDUSTRIES LIMITED
PNB FINANCE AND INDUSTRIES LIMITED is a Non-Banking Financial Company. It was first incorporated in 1894 under ‘Punjab National Bank Limited’. The Banking business was acquired by the Central Government of India and the name of the company was changed to PNB Finance Limited. Later, the company made its path in the investment business and started investing in shares, bonds, debentures, and other securities. The company’s name was again changed to PNB Finance and Industries Limited in 1981. In the year 1998, the company became a Non-Banking Financial Company under the Reserve Bank of India.
In the present scenario, PNB Finance and Industries Limited is not engaged in any business operations, except investment of surplus funds in low-risk instruments and earning income therefrom. The company does not carry on investment activities as a business operation and also it does not hold or/and accept Public Deposits. Mutual Funds account for the larger share of the investment portfolio of the Company.
The company has made big investments in equity shares of HDFC Bank Limited, Bennett Coleman & Co Limited, Bennett Property Holdings Company Limited.
The Equity shares of PNB Finance and Industries Limited are listed on Delhi Stock Exchange and Calcutta Stock Exchange.
19 May 1894
Category/Sub-category of the Company
Company Limited by Shares
Address of the Registered office and contact details
1st Floor, Express Building, 9-10, Bahadur Shah Zafar Marg, New Delhi-110002
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
Skyline Financial Services Private Limited
D-153/A, 1st Floor, Okhla Industrial Area, Phase- I, New Delhi-110020
Tel : +91-11- 26812682/83
BOARD OF DIRECTORS
Ashish Verma (Director)
Govind Swarup (Director)
Rakesh Dhamani (Director)
Saumya Agarwal (Director)
Shweta Saxena (Director)
PARTICULARS OF SUBSIDIARY COMPANIES
Name of the Company
% of shares held
Punjab Mercantile and Traders Limited
Jacaranda Corporate Services Limited
PNB FINANCE AND INDUSTRIES LIMITED SHARE DETAILS
Total Available Shares:
Rs. 10 Per Equity Share
Last Traded Price:
Current Unlisted Share Price:
Rs. 2560.00 Crore
(As of 31-03-2020)
Number of shares
% of total Shares of the company
Artee Viniyoga Limited
Ashoka Viniyoga Limited
Camac Commercial Company Limited
India’s financial services sector is very diversified and comprises various entities such as commercial banks, insurance companies, co-operatives, mutual funds, non-banking financial companies (NBFCs), and other various entities. The share ofNBFCs is continuously growing in the financial services industry. As per RBI, NBFCs have outperformed Scheduled Commercial Banks (SCBs) in terms of growth in advances and in asset quality. It is expected that the NBFCs will grow their share in the financial services sector in near future.
The FY 2020 has been one of the most eventful and challenging years that the financial services industry has experienced. The Outbreak of the COVID 19 pandemic across the globe and in India has contributed to a significant decline and volatility in the global and Indian Financial markets and a slowdown in economic activities. Since the duration and magnitude of COVID 19 are still uncertain, it will affect the plans of this industry for 2021.
The Government has taken a series of measures to generate demand and ease the liquidity by ensuring public sector banks lend further to NBFCs, introducing a partial credit guarantee scheme, organizing loan mela, etc. The RBI has been continually strengthening the supervisory framework for NBFCs in order to ensure sound and healthy functioning and avoid excessive risk-taking.
KEY FINANCIALS OF PNB FINANCE AND INDUSTRIES LIMITED(In Rs. Lakhs)
3 quarters of FY 2021
Profit Before Tax and exceptional items
Profit After Tax (PAT)
BALANCE SHEET OF PNB FINANCE AND INDUSTRIES LIMITED(In Rs. Lakhs)
Cash and cash equivalents
Other Financial assets
TOTAL FINANCIAL ASSETS
Property, plant and Equipment
Other non-financial assets
TOTAL NON FINANCIAL ASSETS
EQUITY AND LIABILITIES
Equity Share capital
Other financial liabilities
TOTAL FINANCIAL LIABILITIES
Tax liabilities (net)
Other non-financial liabilities
TOTAL NON FINANCIAL LIABILITES
TOTAL EQUITY AND LIABILITIES
Dividend (final + interim) (In Rs.)
Retained Earnings (Consolidated) (In Rs. Lakhs)
PERFORMANCE OF THE COMPANY
In FY 2020, the company has not carried on any business activity. The company has only invested its surplus funds in debt-based mutual funds, fixed deposits of scheduled banks, corporate deposits of top-rated NBFC’s, government bonds, and equity shares of listed or non-listed companies.
The total income of the company decreased by 10.34% from Rs. 1,842.18 lakhs in FY 2019 to Rs. 1,651.69 lakhs in FY 2020. In the first 3 quarters of FY 2021, the company’s earned a total income of Rs. 536.74 lakhs as against Rs. 1,395.52 lakhs in the first 3 quarters of FY 2020.
EBITDA of the company fell by 14.05% from Rs. 1,781.17 lakhs in FY 2019 to Rs. 1,530.77 lakhs in FY 2020. In the first 3 quarters of FY 2021, the company’s EBITDA stood at Rs. 467.12 lakhs.
Profit after Tax of the company decreased by 17.85% from Rs. 1,600.74 lakhs in FY 2019 to Rs. 1,314.94 lakhs in FY 2020. In the first 3 quarters of FY 2021, the company earned a net profit of Rs. 389.41 lakhs.
PNB Finance and Industries Limited do not have any long-term or short-term borrowings. Therefore Debt to Equity ratio of the company is 0.
Jacaranda Corporate Services Limited and Punjab Mercantile and Traders Limited, subsidiaries of PNB Finance and Industries Limited earned a net profit of Rs. 286.56 lakhs and Rs. 3.58 lakhs in FY 2020, respectively. They both in total contributed 22.06% to consolidated profit after tax of the PNB Finance and Industries Limited.
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