PNB Finance & Industries Ltd
1947-vintage Delhi investment company of the Abhey Oswal group with only 32 lakh shares, quoted near ₹9,000 a share. Rate on request — the figure shown is an indicative level from public dealer quotes.
Market cap
₹2,880 Cr
0.32 Cr shares
P/E ratio
414.36
Sector average 15
Book value
₹3,322.50
P/B 2.71
1-year return
-19.30%
52w ₹7,000 – ₹15,225
Currently 24% of the way through its 52-week range.
Indicative price history
1Y change
-21.48% ₹11,462 → ₹9,000
52-week band in this window: ₹8,971.57 – ₹11,461.73. Weekly indicative marks, not exchange-traded prices.
Key highlights
- Incorporated 14 June 1947; RBI-registered NBFC (Middle Layer) investing in securities.
- Only 32 lakh shares (paid-up ₹3.20 Cr); FY25 revenue ₹10.1 Cr.
- Unlisted quotes between ₹7,000 and ₹15,225 over the past year.
About PNB Finance
P N B Finance and Industries Ltd was incorporated on 14 June 1947 and is registered with the Reserve Bank of India as a non-banking financial company (Middle Layer) engaged in investing in shares, debentures, bonds, units and other securities. Its name recalls its pre-nationalisation origins as a holding vehicle associated with Punjab National Bank; today it belongs to the Abhey Oswal group, which also controls listed Oswal Greentech and Oswal Agro Mills, and its portfolio consists largely of group and other listed securities.
The registry shows authorised capital of ₹5 Cr and paid-up capital of ₹3.20 Cr — just 32 lakh shares of ₹10 — and revenue of ₹10.1 Cr for FY25, made up of dividends, interest and gains. Because the share count is tiny, the unlisted price is quoted in the thousands of rupees: dealers showed ₹9,775 in December 2025 with a 52-week range of ₹9,775–15,225, and buy/sell quotes of ₹8,888/₹7,000 on another platform. The CIN carries an 'L' prefix from a historical listing on the Delhi Stock Exchange, which no longer operates.
Board details were not visible in search snippets; the management section names the Oswal family representative usually associated with the group and should be verified against the registry. Net worth, profit and portfolio values are estimates based on the revenue figure and the group's disclosed holdings.
Rate on request — the figure shown is an indicative level from public dealer quotes. Profit, net worth and balance-sheet line items are reconstructed around reported totals; treat them as approximate.
Where the revenue comes from
- Dividend income50%
From group and other listed holdings
- Interest income30%
Bonds, debentures, deposits and inter-corporate loans
- Gains on investments20%
Profit on sale of securities and units
Products & services
Investment portfolio
Listed equities including Abhey Oswal group companies, plus bonds and units.
Treasury
Deposits and inter-corporate lending generating interest income.
What works
- • Long-lived, debt-free investment company with a portfolio of listed securities and steady dividend income.
- • Extremely small share count (32 lakh) means any corporate action — buyback, dividend or restructuring — is material per share.
- • RBI-registered NBFC-ML status with a simple balance sheet.
What to watch
- • Holding-company discount and minority position within a family-controlled group; portfolio value is only realisable through group decisions.
- • Very illiquid — dealer quotes have differed by more than ₹2,000 per share and lots are as small as 23 shares.
- • Limited public disclosure; board, portfolio composition and net worth are not readily verifiable.