PB Fintech Ltd
POLICYBZR NSE
PB Fintech Ltd
Financial Services F&ONSE: POLICYBZR BSE: 543390 Fintech
Key Fundamentals
MidcapFintechFinancial ServicesMarket Cap
₹80,416 Cr
Volatility
Moderate
P/E Ratio
107.91
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 10.9 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 19h agoAI opinion · based on fundamentals
Risk high
PB Fintech, the parent of Policybazaar and Paisabazaar, commands a market cap of ₹81,073 Cr at a PE of 107.5x and PB of 11x. The company has turned profitable with TTM profit growth of 99% on revenue CAGR of 38% over three years, though ROE remains modest at 10% in the last year and the valuation premium is substantial.
Bull Case 8
- Revenue compounding at 38% CAGR over the last 3 years and 50% over 5 years, demonstrating consistent top-line momentum in the digital insurance distribution space
- TTM profit growth of 99% signals a sharp inflection from losses to meaningful profitability as operating leverage kicks in
- Company is almost debt-free, providing financial flexibility and eliminating interest burden risk in a rising rate environment
- 5-year compounded profit CAGR of 42% reflects the transition from a loss-making startup to a sustainably profitable platform
- Working capital cycle has improved from 196 days to 141 days, indicating better cash conversion and operational efficiency
- ROE improved to 10% in the last year from a 3-year average of 6% and a 5-year average of -1%, showing an upward trajectory as the business scales
- Median sales growth of 46.1% over the last 10 years underscores a long runway of consistent demand for digital insurance and lending platforms
- Expected to deliver a good upcoming quarter, suggesting near-term earnings momentum may continue
Bear Case 8
- PE ratio of 107.5x is extremely elevated, pricing in years of flawless execution with little margin of safety if growth decelerates
- Trading at 11x book value, implying the market assigns a very high premium relative to tangible equity — any re-rating downward could be severe
- 3-year ROE of only 5.63% is low for a company valued at such a premium, suggesting capital is not yet generating adequate returns
- Earnings include other income of ₹370 Cr, which flatters profitability and may not be sustainable or recurring in nature
- Zero dividend yield despite reporting repeated profits, meaning shareholders rely entirely on capital appreciation with no income cushion
- Stock has declined 5% over the past 1 year even as broader markets advanced, suggesting the market is questioning the valuation premium
- Tax rate appears low, and any normalization toward statutory rates (approximately 25%) would directly compress net earnings
- 5-year ROE of -1% highlights that the company was value-destructive for an extended period and long-term return generation remains unproven
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 19h ago Positives 3
- Q1FY27 PAT surges 92% YoY Aug 5
PB Fintech reported consolidated net profit of ₹163 Cr in Q1FY27, up 92% YoY, driven by 41% rise in insurance premium and expanding margins.
- Standalone profit jumps 5,538% YoY Aug 7
Standalone net profit surged to ₹407.7 Cr in Q1FY26 from a negligible base, with revenue at ₹397.99 Cr.
- HDFC MF acquires 5.02% stake Jul 19
HDFC Mutual Fund disclosed a 5.02% holding in PB Fintech as of July 14, 2026, after acquiring 1,29,068 shares via open market.
Neutral 2
- Q1FY27 earnings call hosted Aug 6
PB Fintech held its Q1FY27 earnings conference call on August 5, 2026, at 6:00 PM IST; audio recording filed with exchanges per SEBI LODR Regulation 30.
- ₹41.53 Cr block trade on NSE Jul 21
A block trade of ~2,64,281 shares was executed at ₹1,571.40 per share on NSE, totalling ₹41.53 Cr, indicating institutional-level activity.
TL;DR: PB Fintech is delivering strong profit growth with Q1FY27 PAT up 92% YoY and insurance premium rising 41%, signalling successful monetisation of its platform. Institutional confidence is evident from HDFC MF building a 5%+ stake and sizable block trades. No material headwinds are visible in recent news flow. The trend is clearly improving, with profitability scaling rapidly — sustainability of margin expansion into upcoming quarters will be the key metric to watch.
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)-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.
2
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.
3
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.
4
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.
5
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
7 May - Audio recording of earnings conference call has been uploaded on the website of the Company. 7 May - Audio recording of earnings conference call has been uploaded on the website of the Company.
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 ₹80416.06 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 107.91. 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]