PB Fintech Limited (POLICYBZR) AI Stock Analysis

• Market Cap: ₹854.70B
• Dividend Yield: N/A
• Average Volume (3M): 25.61K
• Price to Earnings (P/E): 225.6
• Beta (1Y): 1.49
• Revenue Growth: 40.50%
• EPS Growth: 167.85%
• Country: IN
• Employees: 14,318
• Sector: Services
• Sector Strength: N/A
• Industry: Insurance - Brokers
• EPS (TTM): 1.90
• Shares Outstanding: 459,257,300
• 10 Day Avg. Volume: 36,962
• 30 Day Avg. Volume: 25,606
• 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: ₹1,980.73
• Price Target Upside: 6.86% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 11

• Rating: 55 Neutral
• Price Target: ₹1,908.00 ▲(2.94% Upside)

The overall stock score is primarily influenced by strong financial performance, characterized by robust revenue growth and a solid balance sheet. However, the high P/E ratio suggests overvaluation, and technical indicators present mixed signals, contributing to a moderate overall score.

PB Fintech Limited Business Overview & Revenue Model

Company Description

PB Fintech Limited, known as POLICYBZR, is a leading online insurance aggregator and financial services platform in India. The company operates in the insurtech and fintech sectors, providing consumers with a comprehensive platform to compare and purchase a wide range of insurance products, including health, life, auto, and travel insurance. Additionally, POLICYBZR offers financial services such as loans and credit card comparisons, catering to a diverse customer base seeking transparency and convenience in financial decision-making.

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 exhibits strong revenue growth and improved profitability metrics. The balance sheet is robust with low leverage and high equity, ensuring financial stability. However, challenges in generating positive operational cash flow persist, necessitating a focus on operational efficiency and cash flow management.

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	8.87B
Gross Profit	27.17B	30.19B	10.18B	14.83B	8.18B	3.33B
EBITDA	4.75B	936.80M	-4.02B	1.95B	-7.77B	-888.75M
Net Income	3.53B	3.53B	-4.88B	669.80M	-8.33B	-1.50B
Balance Sheet
Total Assets	75.29B	75.29B	62.54B	67.29B	59.15B	23.31B
Cash, Cash Equivalents and Short-Term Investments	27.66B	27.66B	34.00B	40.99B	51.56B	19.47B
Total Debt	3.22B	3.22B	2.27B	2.53B	1.59B	1.09B
Total Liabilities	10.92B	10.92B	7.69B	8.52B	5.04B	3.39B
Stockholders Equity	64.32B	64.32B	54.76B	58.71B	54.12B	19.92B
Cash Flow
Free Cash Flow	0.00	-2.80B	-3.65B	1.14B	-16.01B	228.84M
Operating Cash Flow	0.00	-1.83B	-2.99B	1.77B	-15.68B	287.06M
Investing Cash Flow	0.00	4.58B	414.50M	1.06B	-21.27B	-12.02B
Financing Cash Flow	0.00	-726.90M	-425.05M	-308.40M	36.21B	7.59B

PB Fintech Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1853.55
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 Positive. The current price of 1853.55 is above the 20-day moving average (MA) of 1793.64, above the 50-day MA of 1833.03, and above the 200-day MA of 1751.91, indicating a neutral trend. The MACD of -3.92 indicates Negative momentum. The RSI at 53.96 is Neutral, neither overbought nor oversold. The STOCH value of 68.46 is Neutral, 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	80 Outperform	₹152.28B	25.78		1.19%	14.70%	62.33%
NAVA	76 Outperform	₹176.03B	16.53		1.29%	4.33%	16.29%
FORCEMOT	70 Outperform	₹249.14B	28.92		0.11%	14.81%	97.91%
Sector *	67 Neutral	€4.39B	26.30	21.72%	4.80%	3.30%	3.56%
CRISIL	61 Neutral	₹373.99B	51.39		1.13%	6.03%	11.92%
DELHIVERY	61 Neutral	₹345.75B	173.61		―	7.99%	―
POLICYBZR	55 Neutral	₹854.70B	225.59		―	40.50%	167.85%

PB Fintech Limited Corporate Events

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.