PB Fintech Ltd
NSE: POLICYBZR BSE: 543390Banking
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]
₹1,749
52W: ₹1334 — ₹1978
PE 2454 · Book ₹177 · +888% vs bookMarket Cap₹80,944 Cr
Stock P/E2454Price to Earnings
ROCE0.49%Return on Capital
ROE0.41%Return on Equity
Div. Yield0%Face Value ₹2
Strengths
- +Company is almost debt free.
- +Company is expected to give good quarter
- +Company has delivered good profit growth of 75.7% CAGR over last 5 years
Weaknesses
- −Stock is trading at 9.57 times its book value
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Company has a low return on equity of 0.27% over last 3 years.
- −Earnings include an other income of Rs.223 Cr.
Shareholding Pattern
Promoters0%
FIIs39.94%
DIIs36.72%
Public23.19%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| FIIs | 51.58% | 49.7%▼1.9 | 47.78%▼1.9 | 45.93%▼1.9 | 46.78%▲0.9 | 43.64%▼3.1 | 40.77%▼2.9 | 39.94%▼0.8 |
| DIIs | 16.17% | 18.31%▲2.1 | 20.57%▲2.3 | 22.95%▲2.4 | 23.27%▲0.3 | 26.63%▲3.4 | 29.54%▲2.9 | 36.72%▲7.2 |
| Public | 31.69% | 31.44%▼0.3 | 31.35%▼0.1 | 30.85%▼0.5 | 29.65%▼1.2 | 29.47%▼0.2 | 29.55%▲0.1 | 23.19%▼6.4 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 27 | 34 | 30 | 38 | 39 | 47 | 40 | 49 | 54 | 65 |
| Expenses | 62 | 103 | 83 | 98 | 85 | 142 | 88 | 99 | 87 | 105 |
| Operating Profit | -35 | -69 | -53 | -61 | -46 | -96 | -47 | -50 | -33 | -40 |
| OPM % | -130% | -201% | -176% | -161% | -119% | -204% | -118% | -101% | -61% | -61% |
| Net Profit | 27 | -15 | 10 | 5 | 14 | -17 | 7 | 1 | 16 | 18 |
| EPS ₹ | 0.6 | -0.33 | 0.22 | 0.12 | 0.3 | -0.36 | 0.16 | 0.02 | 0.34 | 0.38 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹208Cr, up 35.9% YoY. OPM at -82%.
Debt Position
Borrowings at ₹27Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.
Institutional Flow
DIIs: 36.72% (+21.39pp change). FIIs: 39.94% (-9.66pp change). Promoters hold 0%.
Margin & Efficiency
ROCE improving from 0% (Mar 2016) to 0% (Mar 2026). Working capital days: 2707.
Valuation
PE 2454x with 0.49% ROCE. Price is 888% above book value of ₹177. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 14 May - The copies of newspaper publication regarding completion of dispatch of postal ballot notice
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 13 May
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 12 May - The Transcript of Earnings Call conducted on May 06, 2026.
- Board Meeting Outcome for Outcome Of The Board Meeting Held On Monday, May 11, 2026 11 May - Board approved independent director reappointments, one new appointment, ESOP extension, and audit committee reconstitution.
- Announcement under Regulation 30 (LODR)-Change in Directorate 11 May - Board approved director reappointments, one independent director appointment, ESOP 2021 extension, and audit committee reconstitution.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse