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 ₹ 87,773 Cr.
- Current Price ₹ 1,911
- High / Low ₹ 2,255 / 1,311
- Stock P/E 233
- Book Value ₹ 140
- Dividend Yield 0.00 %
- ROCE 5.90 %
- ROE 5.13 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 23.2% CAGR over last 5 years
- Company's median sales growth is 44.8% of last 10 years
Cons
- Stock is trading at 13.6 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of -0.61% over last 3 years.
- Earnings include an other income of Rs.408 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
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78 | 90 | 334 | 492 | 771 | 887 | 1,425 | 2,558 | 3,438 | 4,977 | 5,315 | |
149 | 232 | 386 | 828 | 1,091 | 1,046 | 2,325 | 3,219 | 3,626 | 4,884 | 5,148 | |
Operating Profit | -72 | -142 | -52 | -336 | -320 | -160 | -901 | -662 | -188 | 94 | 167 |
OPM % | -92% | -157% | -16% | -68% | -41% | -18% | -63% | -26% | -5% | 2% | 3% |
10 | 35 | 26 | 37 | 84 | 71 | 124 | 259 | 381 | 449 | 408 | |
Interest | 0 | 0 | 0 | 8 | 12 | 12 | 14 | 22 | 27 | 34 | 36 |
Depreciation | 2 | 3 | 7 | 30 | 47 | 41 | 43 | 64 | 89 | 121 | 130 |
Profit before tax | -64 | -110 | -34 | -337 | -295 | -142 | -833 | -488 | 77 | 388 | 409 |
Tax % | 0% | -0% | 76% | 3% | 3% | 6% | -0% | -0% | 16% | 9% | |
-64 | -110 | -59 | -347 | -304 | -150 | -833 | -488 | 64 | 353 | 378 | |
EPS in Rs | -17,719.44 | -30,600.00 | -16,396.12 | -91,265.79 | -80,007.89 | -6,583.70 | -18.53 | -10.82 | 1.48 | 7.69 | 8.23 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | 52% |
5 Years: | 45% |
3 Years: | 52% |
TTM: | 41% |
Compounded Profit Growth | |
---|---|
10 Years: | 21% |
5 Years: | 23% |
3 Years: | 34% |
TTM: | 264% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 55% |
1 Year: | 13% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -5% |
3 Years: | -1% |
Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 90 | 90 | 90 | 92 |
Reserves | 97 | 301 | 787 | 489 | 1,265 | 1,990 | 5,322 | 5,386 | 5,781 | 6,340 |
0 | 1 | 1 | 90 | 110 | 110 | 159 | 227 | 253 | 322 | |
29 | 43 | 92 | 172 | 202 | 230 | 344 | 551 | 604 | 775 | |
Total Liabilities | 126 | 345 | 880 | 751 | 1,576 | 2,331 | 5,915 | 6,254 | 6,729 | 7,529 |
4 | 6 | 11 | 119 | 147 | 125 | 205 | 313 | 359 | 418 | |
CWIP | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
Investments | 19 | 237 | 650 | 125 | 2 | 138 | 373 | 622 | 1,358 | 2,173 |
103 | 102 | 219 | 507 | 1,427 | 2,068 | 5,338 | 5,319 | 5,011 | 4,938 | |
Total Assets | 126 | 345 | 880 | 751 | 1,576 | 2,331 | 5,915 | 6,254 | 6,729 | 7,529 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
-102 | -97 | -83 | -282 | -364 | 29 | -1,568 | -299 | 9 | -183 | |
-15 | -244 | -434 | 375 | 79 | -1,202 | -2,125 | 46 | 301 | 458 | |
119 | 315 | 513 | -23 | 1,031 | 759 | 3,621 | -42 | -57 | -73 | |
Net Cash Flow | 2 | -27 | -5 | 69 | 746 | -415 | -71 | -295 | 253 | 202 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 120 | 156 | 105 | 97 | 85 | 71 | 92 | 97 | 69 | 73 |
Inventory Days | ||||||||||
Days Payable | ||||||||||
Cash Conversion Cycle | 120 | 156 | 105 | 97 | 85 | 71 | 92 | 97 | 69 | 73 |
Working Capital Days | 57 | 93 | 29 | -12 | 0 | -12 | 309 | 321 | 325 | 169 |
ROCE % | -63% | -53% | -36% | -9% | -21% | -8% | 2% | 6% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
11h - Of Schedule of Analyst Meet from September 03 - September 05, 2025
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
7 Aug - Transcript of Earnings Call conducted on August 01, 2025.
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Disclosure Under Regulation 30 Of The SEBI (LODR), Regulations, 2015
5 Aug - IRDAI fined Policybazaar Rs. 5 crore for regulatory violations; no operational impact expected.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
2 Aug - PB Fintech disbursed unsecured loans of INR 300 Cr and INR 100 Cr to wholly owned subsidiaries at 12% interest.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2 Aug - Newspaper Clippings for Publication of Financial Results for the Quarter ended June 30, 2025
Annual reports
Concalls
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Jan 2025TranscriptNotesPPT
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023TranscriptPPTREC
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Aug 2023TranscriptNotesPPTREC
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
Business Platforms
1) PolicyBazaar: The company’s flagship brand, Policybazaar, is India’s leading digital insurance marketplace, holding a 93% market share. It primarily caters to middle-class families in India, offering protection against death, disease, and disability through products like health, term, motor, and travel insurance, etc. As of Q2 FY25, the platform has 86.9 million registered users, and 18.3 million active users, and has sold over 46.8 million insurance policies. [1] [2] [3]