PB Fintech Ltd.

•

pbfintech.inBSE: 543390NSE: POLICYBZR

Market Cap₹ 83,099 Cr.

Current Price

High / Low₹ 1,964 / 1,364

Stock P/E188.0

Book Value₹ 176

Price to Book8.56

Dividend Yield0.00 %

ROCE0.6 %

ROE0.5 %

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 5546.8% YoY, showing strong momentum
Stock looks reasonably valued - P/E of 188.0 is below its historical median
Institutional investors have been accumulating - FII+DII up 7.7pp
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
A large part of profit comes from other income (457.1% of PBT)
Receivables are growing faster than sales - a possible quality concern
Company has a low return on capital employed of 0.5%
Company has a low return on equity of 0.4% over last 3 years

* 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

Standalone Figures in Rs. Crores / View Consolidated

	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
	35	14	27	34	30	38	39	47	40	49	54	65	398
	74	75	62	103	83	98	85	142	88	99	87	105	32
Operating Profit	-39	-61	-35	-69	-53	-61	-46	-96	-47	-50	-33	-40	366
OPM %	-109.82%	-448.53%	-130.07%	-200.67%	-175.72%	-160.80%	-119.49%	-203.95%	-117.99%	-101.28%	-61.31%	-60.67%	91.96%
	62	64	63	63	65	68	65	74	56	52	54	60	55
Interest	0	0	0	0	0	0	0	0	0	1	1	1	1
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
Profit before Tax	22	2	27	-7	12	6	18	-22	8	1	19	19	421
Tax %	0.00%	0.00%	0.00%	-121.75%	15.17%	14.72%	22.78%	24.15%	8.38%	5.48%	18.98%	4.51%	3.20%
Net Profit	22	2	27	-15	10	5	14	-17	7	1	16	18	408
	0.49	0.04	0.60	-0.33	0.22	0.12	0.31	-0.36	0.16	0.01	0.34	0.38	8.82

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	105	79	50	61	123	103	134	110	153	208	566
	74	122	89	89	144	513	400	314	409	378	323
Operating Profit	30	-43	-39	-28	-20	-409	-266	-204	-255	-170	244
OPM %	28.96%	-54.30%	-79.02%	-46.08%	-16.35%	-396.78%	-198.43%	-184.83%	-166.41%	-81.48%	43.02%
	23	25	34	58	54	114	197	252	273	223	222
Interest	0	0	0	1	2	1	1	1	0	3	3
Depreciation	1	3	1	9	4	4	4	3	3	4	4
Profit before Tax	52	-21	-6	19	27	-300	-74	44	14	47	460
Tax %	-49.17%	-120.25%	-147.70%	48.52%	30.46%	0.19%	-0.00%	18.21%	10.63%	11.21%	3.92%
Net Profit	77	-47	-16	10	19	-300	-74	36	13	41	442
EPS	0.07	-0.13	-1221.99	642.57	0.51	-7.32	-1.67	0.80	0.27	0.90	—
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:: 15%
5 Years:: 11%
3 Years:: 16%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 17%
3 Years:: —

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: 1%
5 Years:: -1%
3 Years:: 0%
Last Year:: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	409	876	863	1,934	2,785	6,339	6,468	6,633	7,349	7,627
	1	2	2	0	11	8	5	1	0	26
Trade Payables	55	40	2	3	3	9	4	51	36	58
	11	41	101	127	207	486	820	1,039	584	499
Total Liabilities	476	959	968	2,064	3,007	6,932	7,387	7,814	8,061	8,302
	3	2	2	3	16	11	8	6	3	29
	394	885	659	914	1,146	2,416	3,903	4,840	5,370	6,328
	0	0	0	0	0	0	0	2	1	3
Cash & Bank	23	16	202	1,068	1,751	3,243	489	504	577	226
	56	57	105	78	93	1,262	2,987	2,461	2,109	1,716
Total Assets	476	959	968	2,064	3,007	6,932	7,387	7,814	8,061	8,302

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	91	-65	-201	-105	76	-50	-1	43	-103	-135
Cash from Investing	-78	-463	231	-170	-1,283	-3,748	-180	95	316	-15
Cash from Financing	0	513	0	1,050	776	3,642	-3	-3	-2	0
	9	-7	32	769	-436	-163	-188	134	210	-149

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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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AI Stock Analyst

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

398

103

142

105

Operating Profit

-39

-61

-35

-69

-53

-61

-46

-96

-47

-50

-33

-40

366

OPM %

-109.82%

-448.53%

-130.07%

-200.67%

-175.72%

-160.80%

-119.49%

-203.95%

-117.99%

-101.28%

-61.31%

-60.67%

91.96%

Interest

Depreciation

Profit before Tax

-7

-22

421

Tax %

0.00%

-121.75%

15.17%

14.72%

22.78%

24.15%

8.38%

5.48%

18.98%

4.51%

3.20%

Net Profit

-15

-17

408

0.49

0.04

0.60

-0.33

0.22

0.12

0.31

-0.36

0.16

0.01

0.34

0.38

8.82

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

105

123

103

134

110

153

208

566

122

144

513

400

314

409

378

323

Operating Profit

-43

-39

-28

-20

-409

-266

-204

-255

-170

244

OPM %

28.96%

-54.30%

-79.02%

-46.08%

-16.35%

-396.78%

-198.43%

-184.83%

-166.41%

-81.48%

43.02%

114

197

252

273

223

222

Interest

Depreciation

Profit before Tax

-21

-6

-300

-74

460

Tax %

-49.17%

-120.25%

-147.70%

48.52%

30.46%

0.19%

-0.00%

18.21%

10.63%

11.21%

3.92%

Net Profit

-47

-16

-300

-74

442

EPS

0.07

-0.13

-1221.99

642.57

0.51

-7.32

-1.67

0.80

0.27

0.90

—

Dividend Payout %

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

409

876

863

1,934

2,785

6,339

6,468

6,633

7,349

7,627

Trade Payables

101

127

207

486

820

1,039

584

499

Total Liabilities

476

959

968

2,064

3,007

6,932

7,387

7,814

8,061

8,302

394

885

659

914

1,146

2,416

3,903

4,840

5,370

6,328

Cash & Bank

202

1,068

1,751

3,243

489

504

577

226

105

1,262

2,987

2,461

2,109

1,716

Total Assets

476

959

968

2,064

3,007

6,932

7,387

7,814

8,061

8,302

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-65

-201

-105

-50

-1

-103

-135

Cash from Investing

-78

-463

231

-170

-1,283

-3,748

-180

316

-15

Cash from Financing

513

1,050

776

3,642

-3

-2

-7

769

-436

-163

-188

134

210

-149

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

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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