PB Fintech Limited (POLICYBZR) AI Stock Analysis

• Market Cap: ₹797.36B
• Dividend Yield: N/A
• Average Volume (3M): 31.63K
• Price to Earnings (P/E): 210.5
• Beta (1Y): 1.53
• Revenue Growth: 40.50%
• EPS Growth: 167.85%
• Country: IN
• Employees: 14,318
• Sector: Services
• Sector Strength: N/A
• Industry: Insurance - Brokers
• EPS (TTM): 1.81
• Shares Outstanding: 459,257,300
• 10 Day Avg. Volume: 21,238
• 30 Day Avg. Volume: 31,625
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹2,019.00
• Price Target Upside: 15.43% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 55 Neutral
• Price Target: ₹1,856.00 ▲(6.11% Upside)

PB Fintech Limited's stock score is primarily influenced by its strong financial performance, particularly in revenue growth and balance sheet strength. However, technical indicators suggest a bearish trend, and the stock appears overvalued with a high P/E ratio and no dividend yield. These factors collectively result in a moderate overall stock score.

PB Fintech Limited Business Overview & Revenue Model

Company Description

PB Fintech Limited operates an online platform for insurance and lending products in India. It operates in two segments, Insurance Web Aggregator Services and Other Services. The company offers Policybazaar, an online platform to buy and sell insurance products, such as term, health, motor, home, and travel insurance for consumers and insurance partners; and Paisabazaar, an independent digital lending platform that enables consumers to compare, choose, and apply for personal credit products, including personal, business, and home loans, as well as credit cards and loans against property. It also provides call center and online healthcare related services; online marketing, consulting, and support services; and support services in motor vehicle claims and related assistance, as well as engages in the online, offline, and direct marketing of insurance products. The company was incorporated in 2008 and is based in Gurugram, India.

How the Company Makes Money

PB Fintech Limited generates revenue primarily through commissions from insurance providers for policies sold through its platform. The company acts as an intermediary, facilitating the sale of insurance policies by connecting consumers with insurers, who pay POLICYBZR a commission for each policy sold. Additionally, the company earns money through lead generation services, where it provides potential customer information to insurers and financial institutions for a fee. POLICYBZR also benefits from strategic partnerships with various insurers and financial institutions, enhancing its product offerings and market reach. The company's revenue is further bolstered by the value-added services it provides, such as premium calculators and customer support, which help attract and retain users on its platform.

PB Fintech Limited Financial Statement Overview

Summary

PB Fintech Limited shows robust revenue growth and improved profitability metrics over the years. The balance sheet is strong, with low leverage and significant equity, providing financial stability. Despite facing difficulties in generating positive cash flow from operations, the substantial cash reserves help mitigate liquidity risks.

Income Statement

PB Fintech Limited has demonstrated significant revenue growth over the years. The revenue grew from 7.71 billion in 2020 to 49.77 billion in 2025, showcasing a strong upward trajectory. The gross profit margin is solid at 60.64% for 2025. However, the company has struggled with consistent profitability, with a net profit margin of only 7.09% in 2025 after years of losses. EBITDA margin has improved to 1.88% in 2025, indicating better operational efficiency compared to previous years.

Balance Sheet

The balance sheet of PB Fintech Limited shows a strong equity position with an equity ratio of 85.44% as of 2025, indicating financial stability and low leverage, with a debt-to-equity ratio of 0.05. Return on Equity (ROE) improved to 5.49% in 2025, reflecting better utilization of shareholder funds. The company maintains a healthy asset base, which has grown consistently, supporting future growth.

Cash Flow

PB Fintech Limited's cash flow statements indicate challenges with cash generation. The free cash flow was negative in 2025, at -2.80 billion, despite positive free cash flow in 2024. Operating cash flow to net income ratio is negative, reflecting ongoing operational cash flow challenges. However, the company's cash reserves are substantial, providing a cushion against short-term liquidity issues.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2020
Income Statement
Total Revenue	49.77B	49.77B	25.58B	34.38B	14.25B	7.71B
Gross Profit	27.17B	30.19B	10.18B	14.83B	8.18B	2.50B
EBITDA	4.75B	936.80M	-4.02B	1.95B	-7.77B	-2.35B
Net Income	3.53B	3.53B	-4.88B	669.80M	-8.33B	-3.04B
Balance Sheet
Total Assets	75.29B	75.29B	62.54B	67.29B	59.15B	15.76B
Cash, Cash Equivalents and Short-Term Investments	27.66B	27.66B	34.00B	40.99B	51.56B	11.07B
Total Debt	3.22B	3.22B	2.27B	2.53B	1.59B	1.08B
Total Liabilities	10.92B	10.92B	7.69B	8.52B	5.04B	3.10B
Stockholders Equity	64.32B	64.32B	54.76B	58.71B	54.12B	12.66B
Cash Flow
Free Cash Flow	0.00	-2.80B	-3.65B	1.14B	-16.01B	-3.96B
Operating Cash Flow	0.00	-1.83B	-2.99B	1.77B	-15.68B	-3.64B
Investing Cash Flow	0.00	4.58B	414.50M	1.06B	-21.27B	787.15M
Financing Cash Flow	0.00	-726.90M	-425.05M	-308.40M	36.21B	10.31B

PB Fintech Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1749.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:POLICYBZR, the sentiment is Negative. The current price of 1749.1 is below the 20-day moving average (MA) of 1804.19, below the 50-day MA of 1814.02, and below the 200-day MA of 1763.32, indicating a bearish trend. The MACD of -16.09 indicates Positive momentum. The RSI at 40.06 is Neutral, neither overbought nor oversold. The STOCH value of 42.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:POLICYBZR.

PB Fintech Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INDIAMART	75 Outperform	142.69B	24.31	28.88%	1.25%	14.70%	62.33%
NAVA	74 Outperform	198.95B	19.49	14.34%	1.14%	-1.10%	1.86%
FORCEMOT	70 Outperform	237.87B	27.75	26.40%	0.22%	14.81%	97.91%
CRISIL	67 Neutral	348.66B	48.76	26.67%	1.21%	6.03%	11.92%
DELHIVERY	61 Neutral	340.78B	170.93	1.72%	―	7.99%	―
POLICYBZR	55 Neutral	₹797.36B	210.45	―	―	40.50%	167.85%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

PB Fintech Limited Corporate Events

PB Fintech Announces 17th AGM Notice and Annual Report

PB Fintech Limited has announced the dispatch of the notice for its 17th Annual General Meeting, along with the Annual Report for the financial year 2024-25. The announcement includes details about e-voting and other related information, which have been published in the Financial Express and Jansatta newspapers. This move ensures transparency and keeps stakeholders informed about the company’s governance activities, potentially impacting investor relations positively.

PB Fintech’s Amalgamation with Makesense Technologies Approved by NCLT

PB Fintech Limited has announced that the National Company Law Tribunal, Chandigarh Bench, has sanctioned the Scheme of Amalgamation between Makesense Technologies Limited and PB Fintech Limited. This approval marks a significant step in the company’s strategic consolidation efforts, potentially enhancing its market position and operational efficiency.

PB Fintech Releases Q1 FY 2025-26 Earnings Call Transcript

PB Fintech Limited has released the transcript of its Q1 FY 2025-26 earnings call, which was conducted on August 01, 2025. The transcript is available on the company’s website, reflecting transparency and communication with stakeholders. This release is part of the company’s compliance with SEBI regulations, indicating its commitment to maintaining regulatory standards and providing stakeholders with insights into its financial performance.

PB Fintech Disburses INR 400 Crore Loans to Subsidiaries

PB Fintech Limited has announced the execution of agreements to disburse unsecured loans totaling INR 400 crores to its wholly owned subsidiaries, Policybazaar and Paisabazaar. This strategic financial move is aimed at utilizing IPO proceeds to support the subsidiaries’ operations and growth, potentially enhancing PB Fintech’s market positioning and operational capabilities in the fintech sector.