POLICYBZR

PB Fintech Limited

Policybazaar and Paisabazaar — online marketplaces for insurance and lending

Financial Services›Financial Services›Financial Technology (Fintech)›Financial Technology (Fintech)

pbfintech.in(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-19

Stock price
₹1035.00
Market cap
47,760 Cr
Stock P/E
63.8
P/B
6.55
ROE (FY26)
9.2%
ROCE (FY26)
10.2%
Operating margin (FY26)
5.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

PB Fintech runs Policybazaar and Paisabazaar, online marketplaces where Indian consumers compare and buy insurance and loans from insurers, banks and other lenders, and earns commissions from those partners.

Company snapshot

2ndBy market cap

Ranked among 11 companies in Financial Technology (Fintech).

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 87.6% of revenue

SegmentRevenue shareRevenuePBTAssets
Insurance broker services
87.6%
1,132 Cr157 Cr3,093 Cr
Other services
12.4%
160 Cr-63 Cr4,266 Cr

What we see

Positives
  • ✓Interest coverage of 10.1x — earnings comfortably cover interest obligations.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales812 Cr871 Cr1,090 Cr1,010 Cr1,167 Cr1,292 Cr1,508 Cr1,348 Cr1,614 Cr1,771 Cr2,061 Cr1,888 Cr
Operating expenses (approx.)901 Cr896 Cr1,084 Cr1,050 Cr1,175 Cr1,264 Cr1,395 Cr1,314 Cr1,516 Cr1,612 Cr1,843 Cr1,749 Cr
EBITDA-89 Cr-25 Cr5 Cr-39 Cr-8 Cr28 Cr113 Cr34 Cr98 Cr159 Cr218 Cr139 Cr
OPM %-11.0%-2.9%0.5%-3.9%-0.7%2.1%7.5%2.6%6.1%9.0%10.6%7.4%
Other income97 Cr94 Cr98 Cr100 Cr106 Cr100 Cr101 Cr99 Cr85 Cr85 Cr104 Cr93 Cr
Interest7 Cr6 Cr7 Cr6 Cr9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr10 Cr11 Cr
Depreciation22 Cr23 Cr24 Cr25 Cr29 Cr34 Cr33 Cr33 Cr34 Cr34 Cr35 Cr40 Cr
Profit before tax-21 Cr37 Cr73 Cr71 Cr60 Cr85 Cr171 Cr92 Cr142 Cr201 Cr272 Cr179 Cr
Tax %1.5%0.0%17.4%15.3%15.4%16.0%0.5%8.3%5.0%5.8%4.0%8.8%
Net profit-21 Cr37 Cr60 Cr60 Cr51 Cr72 Cr171 Cr85 Cr135 Cr189 Cr261 Cr163 Cr
EPS (₹)₹-0.45₹0.85₹1.35₹1.34₹1.12₹1.57₹3.73₹1.85₹2.94₹4.11₹5.65₹3.53

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales492 Cr771 Cr887 Cr1,425 Cr2,558 Cr3,438 Cr4,977 Cr6,794 CrSign in free for the trailing twelve months
Operating expenses (approx.)828 Cr1,091 Cr1,046 Cr2,327 Cr3,219 Cr3,624 Cr4,884 Cr6,285 CrSign in free for the trailing twelve months
EBITDA-336 Cr-320 Cr-160 Cr-902 Cr-662 Cr-186 Cr94 Cr509 CrSign in free for the trailing twelve months
OPM %-68.3%-41.5%-18.0%-63.3%-25.9%-5.4%1.9%7.5%Sign in free for the trailing twelve months
Other income37 Cr84 Cr71 Cr125 Cr259 Cr381 Cr408 Cr372 CrSign in free for the trailing twelve months
Interest7 Cr12 Cr12 Cr14 Cr21 Cr26 Cr34 Cr37 CrSign in free for the trailing twelve months
Depreciation30 Cr47 Cr41 Cr43 Cr64 Cr89 Cr121 Cr136 CrSign in free for the trailing twelve months
Profit before tax-337 Cr-295 Cr-142 Cr-833 Cr-488 Cr77 Cr388 Cr707 CrSign in free for the trailing twelve months
Tax %-2.8%-3.1%-5.9%0.1%0.0%16.5%8.9%5.3%Sign in free for the trailing twelve months
Net profit-347 Cr-304 Cr-150 Cr-833 Cr-488 Cr64 Cr353 Cr670 CrSign in free for the trailing twelve months
EPS (₹)₹-12.01₹-8.68₹-4.11₹-20.34₹-10.97₹1.50₹7.77₹14.58Sign in free for the trailing twelve months
Dividend payout %—————0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital0.04 Cr0.04 Cr0.05 Cr90 Cr90 Cr90 Cr92 Cr93 Cr
Reserves490 Cr1,266 Cr1,992 Cr5,322 Cr5,386 Cr5,781 Cr6,340 Cr7,219 Cr
Borrowings————————
Other liabilities261 Cr310 Cr339 Cr504 Cr769 Cr852 Cr1,092 Cr1,389 Cr
Total liabilities751 Cr1,576 Cr2,331 Cr5,915 Cr6,254 Cr6,729 Cr7,529 Cr8,707 Cr
Fixed assets (net)32 Cr40 Cr23 Cr180 Cr270 Cr315 Cr411 Cr430 Cr
CWIP———————0 Cr
Investments125 Cr2 Cr138 Cr373 Cr622 Cr1,358 Cr2,173 Cr3,211 Cr
Loans & advances———0.47 Cr5 Cr5 Cr24 Cr2 Cr
Trade receivables131 Cr179 Cr173 Cr361 Cr677 Cr651 Cr1,000 Cr1,729 Cr
Cash & bank107 Cr853 Cr439 Cr367 Cr72 Cr325 Cr561 Cr746 Cr
Other assets356 Cr502 Cr1,558 Cr4,634 Cr4,607 Cr4,074 Cr3,361 Cr2,588 Cr
Total assets751 Cr1,576 Cr2,331 Cr5,915 Cr6,254 Cr6,729 Cr7,529 Cr8,707 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-282 Cr-364 Cr29 Cr-1,568 Cr-299 Cr9 Cr-183 Cr41 Cr
Cash from investing375 Cr79 Cr-1,202 Cr-2,127 Cr41 Cr301 Cr458 Cr214 Cr
Cash from financing-23 Cr1,031 Cr759 Cr3,621 Cr-43 Cr-57 Cr-73 Cr-81 Cr
Net cash flow70 Cr746 Cr-414 Cr-71 Cr-295 Cr253 Cr202 Cr186 Cr
Free cash flow (OCF − Capex)-317 Cr-396 Cr24 Cr-1,601 Cr-365 Cr-55 Cr-280 Cr-38 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-67.3%-22.4%-6.5%-15.1%-8.5%1.8%6.5%10.2%
ROE %-70.7%-24.0%-7.5%-15.4%-8.9%1.1%5.5%9.2%
Debtor days9785719296697393
Inventory days———00000
Days payable8256425144322725
Cash conversion cycle1529294253374667
Debt / equity————————
Current ratio2.886.469.6816.517.488.005.134.41
Net debt / EBITDA——————-5.98-1.47