PB Fintech Ltd

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PB Fintech. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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PB Fintech Ltd

₹ 1,070 -0.87%
16 Oct - close price
pbfintech.in BSE: 543390 NSE: POLICYBZR F&O
About

PB Fintech Ltd, popularly known as Policy Bazar is India’s largest online platform for insurance and lending products through its flagship brands - Policybazaar and Paisabazaar platform through which they provide convenient access to insurance, credit and other financial products[1]

Key Points

Business Model[1]
PB Fintech runs an asset-light, digital-first model for distributing and servicing financial products. It does not underwrite insurance or carry lending risk on its own balance sheet. The Core Online business comprises Policybazaar and Paisabazaar. Distribution runs through three channels: B2C direct, B2B2C through POSP partners, and B2B corporate. The company covers the full customer lifecycle, from discovery and advice to the transaction, servicing, claims, and renewals.

Website BSE NSE F&O
  • Market Cap ₹ 49,515 Cr.
  • Current Price ₹ 1,070
  • High / Low ₹ 1,964 / 945
  • Stock P/E 114
  • Book Value ₹ 177
  • Dividend Yield 0.00 %
  • ROCE 0.42 %
  • ROE 0.30 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 65.4% CAGR over last 5 years

Cons

  • Stock is trading at 6.04 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 0.21% over last 3 years.
  • Earnings include an other income of Rs.222 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Financial Services Financial Services Financial Technology (Fintech) Financial Technology (Fintech)

Part of BSE 500 BSE 100 BSE 200 BSE Dollex 200 Nifty 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
35 14 27 34 30 38 39 47 40 49 54 65 398
74 75 62 103 83 98 85 142 88 99 87 105 30
Operating Profit -39 -61 -35 -69 -53 -61 -46 -96 -47 -50 -33 -40 368
OPM % -110% -449% -130% -201% -176% -161% -119% -204% -118% -101% -61% -61% 92%
62 64 63 63 65 68 65 74 56 52 54 60 55
Interest 0 0 0 0 0 0 0 0 0 1 1 1 1
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 22 2 27 -7 12 6 18 -22 8 1 19 19 421
Tax % 0% 0% 0% 122% 15% 15% 23% -24% 8% 5% 19% 5% 3%
22 2 27 -15 10 5 14 -17 7 1 16 18 408
EPS in Rs 0.49 0.04 0.60 -0.33 0.22 0.12 0.30 -0.36 0.16 0.02 0.34 0.38 8.81
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
50 105 79 50 61 123 103 134 110 153 208 566
161 106 122 89 89 144 513 398 314 409 378 321
Operating Profit -111 -1 -43 -39 -28 -20 -409 -264 -204 -255 -170 245
OPM % -222% -0.9% -54% -79% -46% -16% -397% -197% -185% -166% -81% 43%
34 53 25 34 58 54 114 195 252 273 223 222
Interest 0 0 0 0 1 2 1 1 1 0 3 3
Depreciation 2 1 3 1 9 4 4 4 3 3 4 4
Profit before tax -80 50 -21 -6 19 27 -300 -74 44 14 47 460
Tax % 0% -51% 120% 148% 49% 30% -0% 0% 18% 11% 11%
-79 76 -47 -16 10 19 -300 -74 36 13 41 442
EPS in Rs -7.95 7.58 -4.67 -1.58 0.97 1.67 -6.67 -1.65 0.80 0.27 0.90 9.55
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 15%
5 Years: 11%
3 Years: 16%
TTM: 246%
Compounded Profit Growth
10 Years: 8%
5 Years: 65%
3 Years: 32%
TTM: 32643%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 13%
1 Year: -35%
Return on Equity
10 Years: -1%
5 Years: -1%
3 Years: 0%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.04 0.04 0.04 0.04 0.04 0.05 90 90 90 92 93
Reserves 346 429 921 956 2,042 2,940 6,805 7,273 7,639 7,866 8,104
1 1 1 1 3 15 11 8 5 1 27
17 63 47 11 19 44 19 16 71 102 73
Total Liabilities 364 493 969 968 2,064 2,999 6,924 7,387 7,806 8,061 8,297
6 3 2 2 3 16 12 8 6 3 29
CWIP 0 0 0 0 0 0 0 0 0 0 0
Investments 276 380 885 659 914 1,146 2,416 3,903 4,840 5,370 6,328
82 110 82 307 1,147 1,836 4,497 3,476 2,959 2,687 1,940
Total Assets 364 493 969 968 2,064 2,999 6,924 7,387 7,806 8,061 8,297

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-56 87 -57 -199 -13 71 -57 -5 43 -103 -135
-248 -78 -463 231 -267 -1,283 -3,748 -180 95 316 -15
315 0 513 0 1,050 776 3,642 -3 -3 -2 0
Net Cash Flow 11 9 -7 32 770 -436 -163 -188 134 210 -149
Free Cash Flow -61 87 -59 -200 -14 71 -57 -5 43 -104 -137
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 53% -8,585% 152% 510% 24% -379% 12% 0% -33% 33% 72%

Ratios

Standalone / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 193 106 127 30 46 35 20 2 6 2 5
Inventory Days
Days Payable
Cash Conversion Cycle 193 106 127 30 46 35 20 2 6 2 5
Working Capital Days 247 -16 -22 524 245 50 4,260 4,293 7,257 2,105 929
ROCE % 7% -6% -4% -1% 0% -6% -1% 1% -0% 0%

Insights

In beta
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Total Insurance Premium (PB Fintech consolidated, restated)
INR Crore

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Total Loan Disbursal (Paisabazaar)
INR Crore
Health Insurance Overall Renewal Persistency
Percent
Unique Transacting Customers (Policybazaar)
Millions
PB Partners Pin Codes Covered
Thousands
Health Insurance Retail Fresh Market Share
Percent
PB Partners Registered Partners
Thousands
PB Partners Active Partners
Thousands

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
49.40% 46.00% 48.97% 51.58% 49.70% 47.78% 45.93% 46.78% 43.64% 40.77% 39.94% 37.29%
16.31% 18.97% 16.64% 16.17% 18.31% 20.57% 22.95% 23.27% 26.63% 29.54% 36.72% 40.42%
33.46% 34.28% 33.81% 31.69% 31.44% 31.35% 30.85% 29.65% 29.47% 29.55% 23.19% 22.14%
0.83% 0.76% 0.59% 0.55% 0.54% 0.28% 0.28% 0.28% 0.27% 0.14% 0.14% 0.14%
No. of Shareholders 1,80,7651,65,9331,52,1531,45,3831,52,9481,48,2751,51,2051,64,5511,65,6001,59,2431,53,2611,50,458

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Concalls