PB Fintech Limited (POLICYBZR) AI Stock Analysis

• Market Cap: ₹817.01B
• Dividend Yield: N/A
• Average Volume (3M): 42.26K
• Price to Earnings (P/E): 182.2
• Beta (1Y): 1.59
• Revenue Growth: 39.22%
• EPS Growth: 116.31%
• Country: IN
• Employees: 14,318
• Sector: Services
• Sector Strength: N/A
• Industry: Insurance - Brokers
• EPS (TTM): 2.90
• Shares Outstanding: 462,674,740
• 10 Day Avg. Volume: 68,518
• 30 Day Avg. Volume: 42,259
• PEG Ratio: 0.47
• Price to Book (P/B): 10.87
• Price to Sales (P/S): 14.04
• P/FCF Ratio: -249.38
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: ₹1,788.00 ▼(-2.53% Downside)

PB Fintech Limited's strong financial performance, characterized by robust revenue growth and a solid balance sheet, is a key strength. However, technical indicators suggest bearish momentum, and the high P/E ratio indicates potential overvaluation. The lack of dividend yield further detracts from the stock's appeal. The absence of earnings call insights and corporate events means these factors do not influence the score.

Positive Factors

Revenue Growth

Strong revenue growth indicates effective market penetration and product adoption, enhancing long-term business sustainability and competitive positioning.

Balance Sheet Strength

A strong equity position and low leverage provide financial stability, enabling the company to invest in growth opportunities and withstand economic downturns.

Profitability Improvement

Improved EBITDA margin reflects enhanced operational efficiency, contributing to better profitability and long-term financial health.

Negative Factors

Cash Flow Challenges

Negative free cash flow indicates challenges in cash generation, which could limit the company's ability to fund operations and growth initiatives without external financing.

Low Net Profit Margin

A low net profit margin suggests limited profitability, which could hinder the company's capacity to reinvest in business expansion and innovation.

Operational Cash Flow Issues

Negative operating cash flow relative to net income highlights inefficiencies in converting sales into cash, potentially impacting liquidity and operational flexibility.

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 through multiple streams, primarily by acting as an intermediary in the insurance market. The company earns commissions from insurance companies for policies sold through its platform. Additionally, it may charge fees for value-added services such as financial consulting, policy management, and premium financing. The company forms strategic partnerships with various insurance providers to expand its offerings and enhance its market reach, which further contributes to its revenue. Moreover, POLICYBZR may explore affiliate marketing and advertising as supplementary sources of income, capitalizing on its digital presence and customer engagement.

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 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	53.15B	49.77B	34.38B	25.58B	14.25B	8.87B
Gross Profit	22.61B	20.28B	14.83B	15.70B	1.69B	4.67B
EBITDA	6.12B	5.43B	1.92B	-4.03B	-7.77B	-890.12M
Net Income	3.77B	3.53B	669.80M	-4.87B	-8.33B	-1.50B
Balance Sheet
Total Assets	0.00	75.29B	67.29B	62.54B	59.15B	23.31B
Cash, Cash Equivalents and Short-Term Investments	27.66B	27.66B	40.99B	34.00B	51.56B	19.47B
Total Debt	0.00	3.22B	2.53B	2.27B	1.59B	1.09B
Total Liabilities	-64.38B	10.92B	8.52B	7.69B	5.04B	3.39B
Stockholders Equity	64.38B	64.32B	58.71B	54.76B	54.12B	19.92B
Cash Flow
Free Cash Flow	0.00	-2.80B	1.14B	-3.65B	-16.01B	228.84M
Operating Cash Flow	0.00	-1.83B	1.77B	-2.99B	-15.68B	287.06M
Investing Cash Flow	0.00	4.58B	1.06B	414.50M	-21.27B	-12.02B
Financing Cash Flow	0.00	-726.90M	-308.40M	-425.05M	36.21B	7.59B

PB Fintech Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1834.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:POLICYBZR, the sentiment is Positive. The current price of 1834.45 is below the 20-day moving average (MA) of 1855.36, above the 50-day MA of 1792.95, and above the 200-day MA of 1745.05, indicating a neutral trend. The MACD of 16.66 indicates Positive momentum. The RSI at 49.01 is Neutral, neither overbought nor oversold. The STOCH value of 15.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	76 Outperform	₹134.48B	24.97	―	1.35%	13.36%	24.85%
NAVA	74 Outperform	₹161.54B	17.63	―	1.58%	1.03%	-17.68%
FORCEMOT	69 Neutral	₹224.78B	20.87	―	0.23%	14.54%	126.08%
CRISIL	61 Neutral	₹322.88B	43.10	―	1.34%	6.61%	11.88%
DELHIVERY	57 Neutral	₹298.60B	216.80	―	―	9.17%	1685.95%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
POLICYBZR	55 Neutral	₹817.01B	182.24	―	―	39.22%	116.31%

PB Fintech Limited Corporate Events

PB Fintech Allots Shares in Amalgamation with Makesense Technologies

PB Fintech Limited has announced the allotment of 5,98,90,000 equity shares as part of a Scheme of Amalgamation with Makesense Technologies Limited, approved by the Board of Directors. This move, sanctioned by the National Company Law Tribunal, aims to integrate the shareholders of Makesense Technologies, enhancing PB Fintech’s market position and ensuring the new shares are listed on major Indian stock exchanges.

PB Fintech to Participate in Morgan Stanley Virtual Tech Seminar

PB Fintech Limited has announced its participation in the Morgan Stanley Virtual New Age India Tech Seminar scheduled for December 8-9, 2025. This engagement reflects the company’s ongoing efforts to maintain transparency with investors and stakeholders, while ensuring no unpublished price-sensitive information is disclosed during the virtual event.

PB Fintech to Participate in Bofa Asia Fintech Forum

PB Fintech Limited has announced its participation in the Bofa Asia Fintech Forum, scheduled to take place virtually from December 01 to December 02, 2025. This engagement is part of the company’s ongoing efforts to connect with investors and stakeholders, although it has been clarified that no unpublished price-sensitive information will be disclosed during the event. This participation underscores PB Fintech’s commitment to maintaining transparency and fostering investor relations, which could enhance its industry positioning and stakeholder confidence.

PB Fintech Corrects Share Allotment Details Under ESOP 2021

PB Fintech Limited has announced a correction to its previous disclosure regarding the allotment of equity shares under its Employees Stock Option Plan 2021. The Nomination and Remuneration Committee has allotted 611,713 equity shares to eligible employees, increasing the company’s issued and paid-up share capital. These shares will rank equally with existing shares, and the company is completing formalities for their listing.

PB Fintech’s Amalgamation with Makesense Technologies Approved

PB Fintech Limited has announced the successful sanctioning of its Scheme of Amalgamation with Makesense Technologies Limited by the National Company Law Tribunal, effective from August 29, 2025. This strategic move is expected to enhance PB Fintech’s market position by integrating Makesense Technologies’ capabilities, potentially offering expanded services and value to shareholders.

PB Fintech Schedules Q2 FY 2025-26 Earnings Call

PB Fintech Limited has announced an earnings call scheduled for October 29, 2025, following the approval and declaration of its unaudited financial results for the quarter and half-year ending September 30, 2025. This call will involve key management figures and is aimed at engaging shareholders, investors, and analysts, reflecting the company’s commitment to transparency and stakeholder communication.