PB Fintech Ltd.

•

pbfintech.inBSE: 543390NSE: POLICYBZR

Market Cap₹ 83,099 Cr.

Current Price

High / Low₹ 1,964 / 1,364

Stock P/E111.1

Book Value₹ 151

Price to Book9.67

Dividend Yield0.00 %

ROCE10.8 %

ROE10.5 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Insurance Web Aggregator Services: 89.6% • Other Services: 10.4%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company is almost debt free
Latest quarter profit grew 92.5% YoY, showing strong momentum
Company has delivered good sales growth of 50.3% CAGR over last 5 years
Operating margins have improved to 7.5% from -15.7%
Stock looks reasonably valued - P/E of 111.1 is below its historical median
Institutional investors have been accumulating - FII+DII up 7.7pp

CONS

A large part of profit comes from other income (52.6% of PBT)
Receivables are growing faster than sales - a possible quality concern
Company has a low return on capital employed of 6.5%
Company has a low return on equity of 6.1% over last 3 years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.12x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesITFintech

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 100 NIFTY MIDCAP 150 NIFTY TOTAL MKT

S.No.	Name
1.	GROWW	200.20	51.48	125597.40	0.00	7350.40	—	15014.20	1560.13	37.54	64.60
2.	PAYTM	1806.25	178.29	115890.41	0.00	220.00	79.59	2448.00	27.67	3.87	8.29
3.	POLICYBZR	1795.75	111.06	83098.83	0.00	1629.10	1824.51	18882.80	1300.81	10.84	7.24
4.	PINELABS	202.35	183.43	23348.32	0.00	195.70	3985.59	7369.20	1096.47	4.21	12.88
5.	STYL	386.25	23.69	6249.75	0.65	60.34	63.78	376.47	21.10	28.03	23.21
6.	CCAVENUE	16.31	19.40	5702.66	0.00	84.77	45.08	2680.40	109.37	7.98	3.80
7.	TURTLEMINT	136.25	0.00	4012.28	0.00	-377.80	—	2940.80	—	-38.38	-11.20
8.	MOBIKWIK	209.55	0.00	1650.14	0.00	7.62	118.17	281.48	3.73	8.02	2.88
9.	SUVIDHAA	2.26	0.00	47.42	0.00	-1.91	55.58	2.40	135.29	-32.85	-70.42

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	666	812	871	1,090	1,010	1,167	1,292	1,508	1,348	1,614	1,771	2,061	1,888
	743	901	896	1,084	1,050	1,175	1,264	1,396	1,314	1,516	1,612	1,843	1,800
Operating Profit	-77	-89	-26	5	-39	-8	28	112	34	98	159	218	88
OPM %	-11.58%	-10.98%	-2.93%	0.50%	-3.88%	-0.67%	2.14%	7.43%	2.55%	6.06%	8.96%	10.59%	4.66%
	91	97	94	98	141	106	100	101	99	85	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
Profit before Tax	-12	-21	39	73	71	60	85	171	91	139	201	278	179
Tax %	-2.73%	1.52%	0.00%	17.31%	15.31%	15.51%	15.95%	0.46%	8.46%	5.15%	5.80%	3.86%	8.77%
Net Profit	0	0	0	0	60	51	72	171	85	135	189	261	163
	-0.26	-0.45	0.85	1.35	1.34	1.12	1.57	3.71	1.85	2.94	4.11	5.65	3.53

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	184	334	492	771	887	1,425	2,558	3,438	4,977	6,794	7,334
	223	386	852	1,091	1,046	2,327	3,219	3,624	4,884	6,284	6,771
Operating Profit	-39	-52	-359	-320	-160	-902	-661	-186	93	510	563
OPM %	-21.01%	-15.71%	-73.01%	-41.46%	-18.00%	-63.31%	-25.86%	-5.41%	1.87%	7.50%	7.67%
	24	26	37	84	71	125	259	381	449	372	367
Interest	0	0	0	12	12	14	22	27	34	38	39
Depreciation	3	7	12	47	41	43	64	89	121	136	143
Profit before Tax	-18	-34	-335	-295	-142	-833	-488	77	387	707	796
Tax %	140.82%	-76.46%	-2.80%	-3.12%	-5.87%	0.06%	0.00%	16.47%	8.91%	5.26%	5.68%
Net Profit	7	-59	-344	-304	-150	-833	-488	64	352	670	751
EPS	0.01	-0.16	-25624.30	-4338.46	-4.11	-20.34	-10.97	1.48	7.67	14.48	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 54%
5 Years:: 50%
3 Years:: 38%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 32%
1 Year:: -1%

RETURN ON EQUITY

10 Years:: -13%
5 Years:: -3%
3 Years:: 6%
Last Year:: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	0	0	0	0	90	90	90	92	93
Minority Interest	0	0	0	0	0	0	8	5	6	6
	288	742	399	1,157	1,836	4,856	4,581	4,774	5,823	6,742
	1	2	3	93	96	141	194	214	276	305
Trade Payables	25	47	111	118	102	198	306	301	368	471
	33	79	155	216	306	638	1,074	1,356	1,001	1,129
Total Liabilities	347	870	668	1,585	2,339	5,923	6,254	6,741	7,565	8,744
	4	11	34	147	125	205	313	359	418	441
	204	650	125	2	138	373	622	1,358	2,173	3,211
	0	0	0	0	0	0	0	634	1,000	1,729
Cash & Bank	43	48	267	1,106	1,810	3,700	763	735	793	760
	96	162	242	330	266	1,645	4,556	3,655	3,181	2,604
Total Assets	347	870	668	1,585	2,339	5,923	6,254	6,741	7,565	8,744

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-27	-56	-421	-325	-20	-1,544	-249	9	-183	41
Cash from Investing	58	-434	525	79	-1,202	-2,127	41	301	458	214
Cash from Financing	0	513	0	1,031	759	3,621	-42	-57	-73	-81
	24	-5	69	746	-414	-73	-300	253	202	174

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	51.58	49.70	47.79	45.93	46.75	43.61	40.74	39.92	37.27
	16.17	18.31	20.46	22.95	23.27	26.63	29.54	36.72	40.42
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	32.24	31.98	31.75	31.12	29.94	29.75	29.69	23.32	22.28

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

ESOP/ESOS/ESPS

2026-09-09 - PB Fintech Limited has informed the Exchange regarding Allotment of 57885 Equity Shares of face value of Rs. 2/- each to eligible employees upon exercise of vested options under PB Fintech Employees Stock Option Plan 2021.

2026-09-09

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-09 - PB Fintech Limited has informed the Exchange about Schedule of meet

2026-09-09

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-09 - PB Fintech Limited has informed the Exchange about Schedule of meet

2026-09-06

Copy of Newspaper Publication

2026-09-06 - PB Fintech Limited has informed the Exchange about Copy of Newspaper Publication with regard to confirming dispatch of Notice of the 18th Annual General Meeting of the Company along with Annual Report for financial year 2025-26, e-voting and other related information.

2026-09-05

General Updates

2026-09-05 - PB Fintech Limited has informed the Exchange about dispatch of physical communication to shareholders for Notice and Annual Report for FY 2025-26

2026-09-05

Shareholders meeting

2026-09-05 - PB Fintech Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026

2026-09-03

Copy of Newspaper Publication

2026-09-03 - PB Fintech Limited has informed the Exchange about Copy of Newspaper Publication regarding 18th Annual General Meeting ( AGM ) of the Company to be held through Video Conferencing ( VC )/ Other Audio-Visual Means ( OAVM )

2026-09-02

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-02 - PB Fintech Limited has informed the Exchange about Schedule of meet

2026-08-14

General Updates

2026-08-14 - PB Fintech Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing obligations and Disclosure Requirements), Regulations, 2015

News

Recent coverage and analyst commentary for POLICYBZR

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PB Fintech Ltd.

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Free 5nance Account

Name

GROWW

200.20

51.48

125597.40

0.00

7350.40

—

15014.20

1560.13

37.54

64.60

PAYTM

1806.25

178.29

115890.41

0.00

220.00

79.59

2448.00

27.67

3.87

8.29

POLICYBZR

1795.75

111.06

83098.83

0.00

1629.10

1824.51

18882.80

1300.81

10.84

7.24

PINELABS

202.35

183.43

23348.32

0.00

195.70

3985.59

7369.20

1096.47

4.21

12.88

STYL

386.25

23.69

6249.75

0.65

60.34

63.78

376.47

21.10

28.03

23.21

CCAVENUE

16.31

19.40

5702.66

0.00

84.77

45.08

2680.40

109.37

7.98

3.80

TURTLEMINT

136.25

0.00

4012.28

0.00

-377.80

—

2940.80

—

-38.38

-11.20

MOBIKWIK

209.55

0.00

1650.14

0.00

7.62

118.17

281.48

3.73

8.02

2.88

SUVIDHAA

2.26

0.00

47.42

0.00

-1.91

55.58

2.40

135.29

-32.85

-70.42

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

666

812

871

1,090

1,010

1,167

1,292

1,508

1,348

1,614

1,771

2,061

1,888

743

901

896

1,084

1,050

1,175

1,264

1,396

1,314

1,516

1,612

1,843

1,800

Operating Profit

-77

-89

-26

-39

-8

112

159

218

OPM %

-11.58%

-10.98%

-2.93%

0.50%

-3.88%

-0.67%

2.14%

7.43%

2.55%

6.06%

8.96%

10.59%

4.66%

141

106

100

101

104

Interest

Depreciation

Profit before Tax

-12

-21

171

139

201

278

179

Tax %

-2.73%

1.52%

0.00%

17.31%

15.31%

15.51%

15.95%

0.46%

8.46%

5.15%

5.80%

3.86%

8.77%

Net Profit

171

135

189

261

163

-0.26

-0.45

0.85

1.35

1.34

1.12

1.57

3.71

1.85

2.94

4.11

5.65

3.53

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

184

334

492

771

887

1,425

2,558

3,438

4,977

6,794

7,334

223

386

852

1,091

1,046

2,327

3,219

3,624

4,884

6,284

6,771

Operating Profit

-39

-52

-359

-320

-160

-902

-661

-186

510

563

OPM %

-21.01%

-15.71%

-73.01%

-41.46%

-18.00%

-63.31%

-25.86%

-5.41%

1.87%

7.50%

7.67%

125

259

381

449

372

367

Interest

Depreciation

121

136

143

Profit before Tax

-18

-34

-335

-295

-142

-833

-488

387

707

796

Tax %

140.82%

-76.46%

-2.80%

-3.12%

-5.87%

0.06%

0.00%

16.47%

8.91%

5.26%

5.68%

Net Profit

-59

-344

-304

-150

-833

-488

352

670

751

EPS

0.01

-0.16

-25624.30

-4338.46

-4.11

-20.34

-10.97

1.48

7.67

14.48

—

Dividend Payout %

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Minority Interest

288

742

399

1,157

1,836

4,856

4,581

4,774

5,823

6,742

141

194

214

276

305

Trade Payables

111

118

102

198

306

301

368

471

155

216

306

638

1,074

1,356

1,001

1,129

Total Liabilities

347

870

668

1,585

2,339

5,923

6,254

6,741

7,565

8,744

147

125

205

313

359

418

441

204

650

125

138

373

622

1,358

2,173

3,211

634

1,000

1,729

Cash & Bank

267

1,106

1,810

3,700

763

735

793

760

162

242

330

266

1,645

4,556

3,655

3,181

2,604

Total Assets

347

870

668

1,585

2,339

5,923

6,254

6,741

7,565

8,744

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-27

-56

-421

-325

-20

-1,544

-249

-183

Cash from Investing

-434

525

-1,202

-2,127

301

458

214

Cash from Financing

513

1,031

759

3,621

-42

-57

-73

-81

-5

746

-414

-73

-300

253

202

174

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Promoters

0.00

51.58

49.70

47.79

45.93

46.75

43.61

40.74

39.92

37.27

16.17

18.31

20.46

22.95

23.27

26.63

29.54

36.72

40.42

Government

0.00

32.24

31.98

31.75

31.12

29.94

29.75

29.69

23.32

22.28

PB Fintech Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

PB Fintech Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI