PB Fintech Ltd
POLICYBZR NSE
PB Fintech Ltd
Financial Services F&ONSE: POLICYBZR BSE: 543390 Fintech
Key Fundamentals
MidcapFintechFinancial ServicesMarket Cap
₹73,490 Cr
Volatility
Moderate
P/E Ratio
99.1
EBITDA
₹508 Cr
Return on Equity
5.49%
Debt to Equity
0.05
Book Value
₹158.03
EPS
₹2.28
52W High
₹1,974
52W Low
₹1,364
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view PB Fintech Ltd insights
31 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
5- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 41.9% CAGR over last 5 years
- Company's median sales growth is 46.1% of last 10 years
- Company's working capital requirements have reduced from 196 days to 141 days
Weaknesses
5- Stock is trading at 10.2 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 5.63% over last 3 years.
- Earnings include an other income of Rs.370 Cr.
Growth Rate
Revenue Growth
26.17% ↗
Net Income Growth
89.73% ↗
Cash Flow Change
-2217.23% ↘
ROE
399.09% ↗
ROCE
268.05% ↗
EBITDA Margin (Avg.)
-23.85% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 5d agoAI opinion · based on fundamentals
Risk high
PB Fintech Ltd operates as a near debt-free digital insurance and lending platform with a market cap of ₹74,919 Cr, trading at a PE of 110.5x and 10.1x book value. The company has delivered 38% compounded sales CAGR over 3 years and recently turned meaningfully profitable with TTM profit growth of 112%, though ROE remains modest at 10% for the last year.
Bull Case 8
- Revenue compounding at 38% CAGR over 3 years and 50% over 5 years demonstrates sustained top-line momentum in a large underpenetrated insurance market
- Company is almost debt-free, providing significant financial flexibility and low balance-sheet risk for a high-growth fintech
- TTM profit growth of 112% signals a sharp inflection toward profitability after years of losses
- Compounded profit CAGR of 41.9% over last 5 years shows the operating leverage in the platform model is materializing
- Working capital cycle improved from 196 days to 141 days, indicating better cash conversion and operational efficiency
- Median sales growth of 46.1% over last 10 years reflects a durable structural growth trajectory in digital insurance distribution
- Last year ROE improved to 10% versus 3-year average of 6%, suggesting accelerating return on capital as scale builds
- Expected to deliver a good upcoming quarter based on business momentum, which could further validate the profitability trend
Bear Case 8
- PE ratio of 110.5x is extremely elevated, pricing in years of flawless execution with minimal margin of safety
- Price-to-book of 10.1x is high for a company generating only 10% ROE in the last year, implying stretched valuations relative to returns
- 3-year ROE of just 5.63% indicates the company has historically struggled to generate adequate returns on shareholder equity
- Zero dividend yield despite reporting repeated profits suggests shareholders are not receiving any direct cash return
- Other income of ₹372 Cr is a meaningful component of earnings, raising questions about the quality and sustainability of core operating profit
- Stock has declined 10% over the past 1 year, underperforming despite strong reported financials, signaling potential market skepticism on valuations
- Tax rate appears low, which if normalized could compress reported earnings growth going forward
- 5-year ROE averages negative 1%, reflecting the company's prolonged history of losses before recent profitability
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 1d ago Headwinds 1
- Major investor sells 2.46% stake Jul 9
MacRitchie Investments sold 1,13,69,920 shares (2.46% stake) via block trade on Jul 3, reducing holding from 6.47% to 4.01% of paid-up capital.
Positives 2
- Q1 PAT surges 92% YoY Aug 7
PB Fintech delivered Q1FY27 consolidated net profit of ₹163 Cr (up 92% YoY) with standalone profit jumping 5,538% to ₹407.7 Cr. Consolidated revenue rose 41% to ₹1,888 Cr driven by insurance premium growth and margin expansion.
- HDFC MF accumulates 5.02% stake Jul 19
HDFC Mutual Fund disclosed 5.02% holding in PB Fintech as of Jul 14, 2026, after acquiring 1,29,068 shares via open market purchase.
Neutral 2
- Institutional block trades continue Jul 21
Two block trades recorded on NSE — ₹41.53 Cr (2,64,281 shares at ₹1,571.40) on Jul 21 and ₹25.98 Cr (1,66,654 shares at ₹1,559.10) on Jul 16, indicating active institutional activity.
- Q1FY27 earnings call hosted Aug 6
PB Fintech held its Q1FY27 earnings conference call on Aug 5, 2026 at 6:00 PM IST; audio recording made available on Aug 6 per SEBI LODR Regulation 30.
TL;DR: PB Fintech is firing on all cylinders operationally — Q1FY27 shows explosive profit growth (92% consolidated, 5,538% standalone) with strong revenue momentum from insurance premiums. The key risk is continued stake dilution by early investor MacRitchie, though this is partially offset by HDFC MF building a meaningful position. The earnings trajectory and institutional interest suggest an improving trend, but investors should watch for further promoter/PE exits.
Quarterly Results
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 666 | 812 | 871 | 1,090 | 1,010 | 1,167 | 1,292 | 1,508 | 1,348 | 1,614 | 1,771 | 2,061 | 1,888 |
| Expenses | 743 | 901 | 898 | 1,085 | 1,050 | 1,175 | 1,264 | 1,396 | 1,314 | 1,516 | 1,612 | 1,849 | 1,751 |
| Operating Profit | -77 | -89 | -27 | 5 | -39 | -8 | 28 | 112 | 34 | 98 | 159 | 212 | 137 |
| OPM % | -12% | -11% | -3.1% | 0.5% | -3.9% | -0.7% | 2.1% | 7% | 2.5% | 6% | 9% | 10% | 7% |
| Other Income | 91 | 97 | 94 | 98 | 141 | 106 | 100 | 101 | 100 | 87 | 85 | 104 | 93 |
| Interest | 6 | 7 | 6 | 7 | 6 | 9 | 9 | 9 | 9 | 9 | 9 | 10 | 11 |
| Depreciation | 20 | 22 | 23 | 24 | 25 | 29 | 34 | 33 | 33 | 34 | 34 | 35 | 40 |
| PBT | -12 | -21 | 37 | 73 | 71 | 60 | 85 | 171 | 92 | 142 | 201 | 272 | 179 |
| Tax % | 3% | -1% | 0% | 17% | 15% | 15% | 16% | 0% | 8% | 5% | 6% | 4% | 9% |
| Net Profit | -12 | -21 | 37 | 60 | 60 | 51 | 72 | 170 | 85 | 135 | 189 | 261 | 163 |
| EPS in Rs | -0.25 | -0.45 | 0.84 | 1.34 | 1.32 | 1.11 | 1.56 | 3.7 | 1.84 | 2.94 | 4.09 | 5.64 | 3.52 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 78 | 90 | 334 | 492 | 771 | 887 | 1,425 | 2,558 | 3,438 | 4,977 | 6,794 | 7,334 |
| Expenses | 149 | 232 | 386 | 828 | 1,091 | 1,046 | 2,325 | 3,219 | 3,626 | 4,883 | 6,286 | 6,729 |
| Operating Profit | -72 | -142 | -52 | -336 | -320 | -160 | -901 | -662 | -188 | 94 | 508 | 606 |
| OPM % | -92% | -157% | -16% | -68% | -41% | -18% | -63% | -26% | -5% | 1.9% | 7% | 8% |
| Other Income | 10 | 35 | 26 | 37 | 84 | 71 | 124 | 259 | 381 | 449 | 372 | 370 |
| Interest | 0 | 0 | 0 | 8 | 12 | 12 | 14 | 22 | 27 | 34 | 37 | 39 |
| Depreciation | 2 | 3 | 7 | 30 | 47 | 41 | 43 | 64 | 89 | 121 | 136 | 143 |
| PBT | -64 | -110 | -34 | -337 | -295 | -142 | -833 | -488 | 77 | 388 | 707 | 794 |
| Tax % | 0% | 0% | 76% | 3% | 3% | 6% | 0% | 0% | 16% | 9% | 5% | — |
| Net Profit | -64 | -110 | -59 | -347 | -304 | -150 | -833 | -488 | 64 | 353 | 670 | 748 |
| EPS in Rs | -17,719 | -30,600 | -16,396 | -91,266 | -80,008 | -6,584 | -18.53 | -10.82 | 1.48 | 7.69 | 14.48 | 16.19 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | 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 | 97 | 301 | 787 | 489 | 1,265 | 1,990 | 5,322 | 5,386 | 5,781 | 6,340 | 7,219 |
| Borrowings | 0 | 1 | 1 | 90 | 110 | 110 | 159 | 227 | 253 | 322 | 360 |
| Other Liabilities | 29 | 43 | 92 | 172 | 202 | 230 | 344 | 551 | 604 | 775 | 1,035 |
| Total Liabilities | 126 | 345 | 880 | 751 | 1,576 | 2,331 | 5,915 | 6,254 | 6,729 | 7,529 | 8,707 |
| Fixed Assets | 4 | 6 | 11 | 119 | 147 | 125 | 205 | 313 | 359 | 418 | 441 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 19 | 237 | 650 | 125 | 2 | 138 | 373 | 622 | 1,358 | 2,173 | 3,211 |
| Other Assets | 103 | 102 | 219 | 507 | 1,427 | 2,068 | 5,338 | 5,319 | 5,011 | 4,938 | 5,054 |
| Total Assets | 126 | 345 | 880 | 751 | 1,576 | 2,331 | 5,915 | 6,254 | 6,729 | 7,529 | 8,707 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -102 | -97 | -83 | -282 | -364 | 29 | -1,568 | -299 | 9 | -183 | 41 |
| Investing | -15 | -244 | -434 | 375 | 79 | -1,202 | -2,125 | 46 | 301 | 491 | 214 |
| Financing | 119 | 315 | 513 | -23 | 1,031 | 759 | 3,621 | -42 | -57 | -73 | -81 |
| Net Cash Flow | 2 | -27 | -5 | 69 | 746 | -415 | -71 | -295 | 253 | 236 | 174 |
| Free Cash Flow | -121 | -305 | -97 | -317 | -396 | 24 | -1,599 | -363 | -55 | -280 | -36 |
| CFO/OP | 143 | 68 | 107 | 73 | 102 | 12 | 171 | 38 | -110 | -70 | 15 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 120 | 156 | 105 | 97 | 85 | 71 | 92 | 97 | 67 | 73 | 93 |
| Cash Conversion Cycle | 120 | 156 | 105 | 97 | 85 | 71 | 92 | 97 | 67 | 73 | 93 |
| Working Capital Days | 57 | 93 | 29 | -12 | 0 | -12 | 309 | 321 | 323 | 122 | 141 |
| ROCE % | — | -63% | — | -53% | -36% | -9% | -21% | -8% | 2% | 6% | 10% |
Documents
1
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Aug - Newspaper Publication of Financial Results ("Results") for the quarter ended June 30, 2026. 7 Aug - Newspaper Publication of Financial Results ("Results") for the quarter ended June 30, 2026.
2
Announcement under Regulation 30 (LODR)-Change in Directorate
5h - Board approved director reappointments, one independent director appointment, ESOP 2021 extension, and audit committee reconstitution. 5h - Board approved director reappointments, one independent director appointment, ESOP 2021 extension, and audit committee reconstitution.
3
Board Meeting Outcome for Outcome Of The Board Meeting Held On Monday, May 11, 2026
5h - Board approved independent director reappointments, one new appointment, ESOP extension, and audit committee reconstitution. 5h - Board approved independent director reappointments, one new appointment, ESOP extension, and audit committee reconstitution.
4
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 -Grant Of Certificate Of Registration As A Stock Broker By SEBI To PB Marketing And Consulting Private Limited
2d - SEBI approved PB Marketing's stock broker registration on NSE debt segment from May 8, 2026. 2d - SEBI approved PB Marketing's stock broker registration on NSE debt segment from May 8, 2026.
5
Announcement under Regulation 30 (LODR)-Newspaper Publication
8 May - Newspaper Publication of Financial Results for the quarter and FY ended March 31, 2026. 8 May - Newspaper Publication of Financial Results for the quarter and FY ended March 31, 2026.
Frequently Asked Questions about PB Fintech Ltd
What does PB Fintech Ltd do?
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]
Where is PB Fintech Ltd (POLICYBZR) listed?
PB Fintech Ltd is listed on the Indian stock exchanges. It is listed on NSE: POLICYBZR and BSE: 543390. You can view its live share price, financials, and ratios on Tapetide.
Which sector does PB Fintech Ltd belong to?
PB Fintech Ltd operates in the Financial Services sector within the Fintech industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of PB Fintech Ltd?
PB Fintech Ltd has a market capitalisation of approximately ₹73489.54 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of PB Fintech Ltd?
The Price-to-Earnings (PE) ratio of PB Fintech Ltd is 99.10. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of PB Fintech Ltd?
Over the past 52 weeks, PB Fintech Ltd has traded between a low of ₹1,364 and a high of ₹1,974. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of PB Fintech Ltd?
PB Fintech Ltd has a Return on Equity (ROE) of 5.49%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research PB Fintech Ltd on Tapetide?
On Tapetide, you can view PB Fintech Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
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]