Archive · 3 Jan 2026
PNB Housing Finance Stock: Management Exits and Future Outlook
PNB Housing Finance has seen several key management exits, including its MD and CEO, which has caused the stock to drop.
Despite this, the company is growing and has appointed a new CEO.
The stock is currently trading at a slight premium compared to its average, but it's still lower than some of its peers.
The company is focusing on growing its affordable housing segment and has guidance for an 18% loan growth in the current fiscal year.
However, investors should watch how the new management executes these plans and monitor the performance of the affordable housing segment, as it's showing early signs of higher default rates.
PNB Housing Finance stock is down 13% from its 52-week high due to multiple senior management exits.
The company has appointed a new MD and CEO, Ajai Kumar Shukla, and continues to post healthy growth and profitability.
PNBHFL trades at 1.4x trailing book value, lower than peers like Can Fin Homes and Bajaj Housing Finance.
The company is focusing on expanding its affordable housing vertical and has guided for 18% loan growth in FY26.
Investors should monitor the execution of the new management's strategy and the performance of the affordable housing segment.
- Who
- PNB Housing Finance (PNBHFL) and its stakeholders
- What
- Management exits and stock performance analysis
- When
- 2025 and early 2026
- Where
- India
- Why
- To assess the impact of management changes and future growth prospects
- Current Stock Performance
- Down 13% from 52-week high
- Key Management Exits
- MD, CEO, and other senior executives resigned
- New MD and CEO
- Ajai Kumar Shukla appointed in mid-December
- Current Valuation
- 1.4x trailing book value
- AUM
- ₹83,879 crore
- RoA (Return on Assets)
- 2.7% in H1 FY26
- GNPA Ratio
- 1.04%
- Loan Growth Guidance
- 18% for FY26