PB Fintech Ltd

PB Fintech. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

PB Fintech Ltd

₹ 1,590 -3.48%
28 Mar - close price
pbfintech.in BSE: 543390 NSE: POLICYBZR
About

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]

Key Points

Business Platforms
1) PolicyBazaar: The company’s flagship brand, Policybazaar, is India’s leading digital insurance marketplace, holding a 93% market share. It primarily caters to middle-class families in India, offering protection against death, disease, and disability through products like health, term, motor, and travel insurance, etc. As of Q2 FY25, the platform has 86.9 million registered users, and 18.3 million active users, and has sold over 46.8 million insurance policies. [1] [2] [3]

Website BSE NSE
  • Market Cap ₹ 73,010 Cr.
  • Current Price ₹ 1,590
  • High / Low ₹ 2,255 / 1,108
  • Stock P/E 352
  • Book Value ₹ 133
  • Dividend Yield 0.00 %
  • ROCE 1.75 %
  • ROE 1.13 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 12.0 times its book value
  • Company has a low return on equity of -8.46% over last 3 years.
  • Earnings include an other income of Rs.447 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Medium / Small

Part of BSE 500 BSE Dollex 200 BSE MidCap Nifty 200 BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
367 540 505 573 610 869 666 812 871 1,090 1,010 1,167 1,292
685 795 740 800 744 937 743 901 898 1,085 1,050 1,175 1,264
Operating Profit -317 -255 -235 -226 -133 -68 -77 -89 -27 5 -39 -8 28
OPM % -86% -47% -46% -39% -22% -8% -12% -11% -3% 0% -4% -1% 2%
34 51 47 61 69 82 91 97 94 98 141 106 100
Interest 3 4 4 6 6 6 6 7 6 7 6 9 9
Depreciation 11 12 13 16 18 17 20 22 23 24 25 29 34
Profit before tax -298 -220 -204 -187 -88 -9 -12 -21 37 73 71 60 85
Tax % 0% -0% -0% 0% 0% -0% 3% -1% 0% 17% 15% 15% 16%
-298 -220 -204 -187 -88 -9 -12 -21 37 60 60 51 72
EPS in Rs -6.63 -4.89 -4.55 -4.15 -1.94 -0.20 -0.25 -0.45 0.84 1.34 1.32 1.11 1.56
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
78 90 334 492 771 887 1,425 2,558 3,438 4,559
149 232 386 828 1,091 1,046 2,325 3,219 3,626 4,573
Operating Profit -72 -142 -52 -336 -320 -160 -901 -662 -188 -14
OPM % -92% -157% -16% -68% -41% -18% -63% -26% -5% -0%
10 35 26 37 84 71 124 259 381 447
Interest 0 0 0 8 12 12 14 22 27 31
Depreciation 2 3 7 30 47 41 43 64 89 112
Profit before tax -64 -110 -34 -337 -295 -142 -833 -488 77 289
Tax % 0% 0% 76% 3% 3% 6% -0% -0% 16%
-64 -110 -59 -347 -304 -150 -833 -488 64 243
EPS in Rs -17,719.44 -30,600.00 -16,396.12 -91,265.79 -80,007.89 -6,583.70 -18.53 -10.82 1.48 5.33
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 48%
3 Years: 57%
TTM: 42%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: 33%
TTM: 6260%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 30%
1 Year: 41%
Return on Equity
10 Years: %
5 Years: -10%
3 Years: -8%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.04 0.04 0.04 0.04 0.04 0.05 90 90 90 91
Reserves 97 301 787 489 1,265 1,990 5,322 5,386 5,781 6,016
0 1 1 90 110 110 159 227 253 335
29 43 92 172 202 230 344 551 604 712
Total Liabilities 126 345 880 751 1,576 2,331 5,915 6,254 6,729 7,153
4 6 11 119 147 125 205 313 359 422
CWIP 0 0 0 0 0 0 0 0 0 0
Investments 19 237 650 125 2 138 373 622 1,358 1,999
103 102 219 507 1,427 2,068 5,338 5,319 5,011 4,733
Total Assets 126 345 880 751 1,576 2,331 5,915 6,254 6,729 7,153

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-102 -97 -83 -282 -364 29 -1,568 -299 9
-15 -244 -434 375 79 -1,202 -2,125 46 301
119 315 513 -23 1,031 759 3,621 -42 -57
Net Cash Flow 2 -27 -5 69 746 -415 -71 -295 253

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 120 156 105 97 85 71 92 97 69
Inventory Days
Days Payable
Cash Conversion Cycle 120 156 105 97 85 71 92 97 69
Working Capital Days 57 93 29 -12 7 -7 314 325 329
ROCE % -63% -53% -36% -9% -21% -8% 2%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
17.74% 19.73% 17.91% 47.99% 50.41% 49.60% 49.40% 46.00% 48.97% 51.58% 49.70% 47.78%
9.15% 8.08% 9.97% 14.90% 13.97% 15.33% 16.31% 18.97% 16.64% 16.17% 18.31% 20.57%
70.80% 71.11% 71.04% 36.27% 34.79% 34.24% 33.46% 34.28% 33.81% 31.69% 31.44% 31.35%
2.31% 1.08% 1.07% 0.83% 0.83% 0.83% 0.83% 0.76% 0.59% 0.55% 0.54% 0.28%
No. of Shareholders 2,00,7291,99,3192,04,3292,13,8231,95,6721,91,7041,80,7651,65,9331,52,1531,45,3831,52,9481,48,275

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

Concalls