PB Fintech Ltd
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]
- Market Cap ₹ 53,768 Cr.
- Current Price ₹ 1,192
- High / Low ₹ 1,400 / 573
- Stock P/E 670
- Book Value ₹ 168
- Dividend Yield 0.00 %
- ROCE -1.18 %
- ROE -1.20 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 7.08 times its book value
- Company has a low return on equity of -2.70% over last 3 years.
- Earnings include an other income of Rs.248 Cr.
- Working capital days have increased from 2,876 days to 4,301 days
* 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
Sector: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 50 | 105 | 79 | 50 | 61 | 123 | 103 | 134 | 119 | |
| 161 | 106 | 122 | 89 | 89 | 144 | 513 | 398 | 283 | |
| Operating Profit | -111 | -1 | -43 | -39 | -28 | -20 | -409 | -264 | -163 |
| OPM % | -222% | -1% | -54% | -79% | -46% | -16% | -397% | -197% | -137% |
| 34 | 53 | 25 | 34 | 58 | 54 | 114 | 195 | 248 | |
| Interest | -0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 1 |
| Depreciation | 2 | 1 | 3 | 1 | 9 | 4 | 4 | 4 | 3 |
| Profit before tax | -80 | 50 | -21 | -6 | 19 | 27 | -300 | -74 | 80 |
| Tax % | -0% | -51% | -120% | -148% | 49% | 30% | 0% | -0% | |
| -79 | 76 | -47 | -16 | 10 | 19 | -300 | -74 | 80 | |
| EPS in Rs | -22,080.56 | 21,063.89 | -12,944.60 | -4,160.53 | 2,563.16 | 833.04 | -6.67 | -1.65 | 1.78 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 30% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -51% |
| 3 Years: | % |
| TTM: | 154% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 103% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | -3% |
| Last Year: | -1% |
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 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0 | 0 | 0 | 0 | 0 | 0 | 90 | 90 | 90 |
| Reserves | 346 | 429 | 921 | 956 | 2,042 | 2,940 | 6,805 | 7,273 | 7,498 |
| Preference Capital | 1 | 1 | 1 | 1 | 1 | 1 | -0 | -0 | |
| -0 | -0 | -0 | -0 | 2 | 14 | 11 | 8 | 6 | |
| 18 | 64 | 48 | 12 | 20 | 45 | 19 | 16 | 13 | |
| Total Liabilities | 364 | 493 | 969 | 968 | 2,064 | 2,999 | 6,924 | 7,387 | 7,608 |
| 6 | 3 | 2 | 2 | 3 | 16 | 12 | 8 | 6 | |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Investments | 276 | 380 | 885 | 659 | 914 | 1,146 | 2,416 | 3,903 | 4,011 |
| 82 | 110 | 82 | 307 | 1,147 | 1,836 | 4,497 | 3,477 | 3,591 | |
| Total Assets | 364 | 493 | 969 | 968 | 2,064 | 2,999 | 6,924 | 7,387 | 7,608 |
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 | |
|---|---|---|---|---|---|---|---|---|
| -56 | 87 | -57 | -199 | -13 | 71 | -57 | -5 | |
| -248 | -78 | -463 | 231 | -267 | -1,283 | -3,748 | -180 | |
| 315 | -0 | 513 | -0 | 1,050 | 776 | 3,642 | -3 | |
| Net Cash Flow | 11 | 9 | -7 | 32 | 770 | -436 | -163 | -188 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 193 | 106 | 127 | 30 | 46 | 35 | 20 | 2 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 193 | 106 | 127 | 30 | 46 | 35 | 20 | 2 |
| Working Capital Days | 247 | -16 | -22 | 524 | 258 | 57 | 4,269 | 4,301 |
| ROCE % | 7% | -6% | -4% | -1% | 0% | -6% | -1% |
Documents
Announcements
- Certificate Pursuant To Regulation 40(9) And 40(10) Of The SEBI (LODR) Regulations, 2015 17 Apr
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15 Apr - Update on Schedule of Analyst Meet titled as 'BofA 2024 Asia Conference
-
Disclosure Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015
9 Apr - Please find enclosed the intimation pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.
- Compliance Certificate U/R 7(3) Of SEBI LODR Regulations, 2015 For The Financial Year Ended March 31, 2024 8 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Certificate u/r 74(5) of SEBI LODR Regulations 2015 for the quarter ended March 31, 2024
Annual reports
Concalls
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023TranscriptPPTREC
-
Aug 2023TranscriptNotesPPTREC
-
May 2023Transcript PPT
-
Feb 2023Transcript PPT
-
Nov 2022TranscriptPPT
-
Aug 2022TranscriptPPT
-
Jun 2022TranscriptPPT
-
Feb 2022TranscriptPPT
Business Platforms[1] PB Fintech is a multinational financial technology company that offers insurance products through its online platform ‘Policybazaar’ and financial products through ‘Paisabazaar’.