POLICYBZR · NSE
PB Fintech Limited
₹1,743
-1.25% (-₹22)
Prev. close
₹1,765
Volume
13,68,411
Delivery %
55.2%
As of
18 Sept 2026
Price history
Morgan Stanley Analysis · Morgan Stanley India · 06 Aug 2026
“Maintained an 'Underweight' rating on PB Fintech shares with a target price of Rs 1,215, implying a 25% downside. While Q1 adjusted EBITDA beat estimates on higher revenue and core new business premium growth was strong, premium growth is expected to moderate from Q3 due to a high base effect. Valuations and regulatory uncertainty around commissions remain key concerns.”
Published mid-session at 10:33 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.
Analyst sentiment
Analysts lean bullish
8 analyst stances · last 90 days · one per analyst
Trackable
8 · 5 bull / 2 neutral / 1 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Bullish on Policybazaar (PB Fintech), recommending a buy in the 1827-1830 range with a stop-loss at ₹1730 and a target o…” | Virat JagadBonanza Portfolio | PB Fintech Ltd | PENDING | ||||
| “Bullish on PB Fintech (Policybazaar parent) with a maintained target price of ₹2,050, implying a 14% upside. Jefferies n…” | Jefferies AnalysisJefferies | PB Fintech Ltd | PENDING | ||||
| “Bullish on PB Fintech with a price target of ₹2,050, indicating a 15% upside. Jefferies projects a 35% CAGR in premiums …” | Jefferies AnalysisJefferies | PB Fintech Ltd | PENDING | ||||
| “Bullish on PB Fintech, which has reclaimed the ₹1,700 zone and shows bullish formations. Recommends buying on dips in th…” | Om MehraSAMCO Securities | PB Fintech Ltd | PENDING | ||||
| “Bullish on PB Fintech, recommending a buy in the ₹1,736-1,770 range with a stop loss at ₹1,675 for a potential upside of…” | Axis Securities AnalysisAxis Securities | PB Fintech Ltd | PENDING | ||||
| “Bullish on Policy Bazaar, recommending a buy at ₹1782 with a target of ₹1845 and a stop loss at ₹1745.” | Vaishali ParekhPrabhudas Lilladher | Policy Bazaar | PENDING | ||||
| “Maintained an 'Underweight' rating on PB Fintech shares with a target price of Rs 1,215, implying a 25% downside. While …” | Morgan Stanley AnalysisMorgan Stanley India | PB Fintech | PENDING | ||||
“Maintained an 'Underweight' rating on PB Fintech shares with a target price of Rs 1,215, implying a 25% downside. While Q1 adjusted EBITDA beat estimates on higher revenue and core new business premium growth was strong, premium growth is expected to moderate from Q3 due to a high base effect. Valuations and regulatory uncertainty around commissions remain key concerns.” This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
| “Maintained a 'Neutral' rating on PB Fintech but reduced its target price to Rs 1,820, implying 12% upside from the previ…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | PB Fintech | PENDING | ||||
| “Maintained a 'Neutral' call on PB Fintech with a target price of Rs 1,590, implying a 2% downside. Q1 earnings largely b…” | Nomura AnalysisNomura Global Markets Research | PB Fintech | PENDING | ||||
Fundamentals
About PB Fintech Limited
PB Fintech Limited operates an online marketplace for insurance and lending products in India and the United Arab Emirates. It operates through two segments, Insurance Services and Other Services. The company offers Policybazaar that enables consumers to compare, evaluate, and apply for insurance products, such as term, life, health, car, 2 wheeler, family health, travel, and home insurance products, as well as investment, guaranteed return, child savings, and retirement plans. It also provides Paisabazaar, which facilitates access to lending and personal credit products. In addition, the company offers online healthcare related services; insurance broking services; support services for motor vehicle claims and related assistance; account aggregation services; online marketing and sales consulting services; and information technology and related services. Further, the company engages in the operation of call center; online comparison, sale, and online, offline, and direct marketing of financial products; and payment aggregator, payment gateway services, payment facilitation activities by offline and a digital payment acceptance. PB Fintech Limited was incorporated in 2008 and is based in Gurugram, India.
Details
Sector
Financial Services
Industry
Insurance Brokers
CEO
Mr. Yashish Dahiya
Headquarters
Gurugram
Employees
28,014
Website
pbfintech.inExchange
View on NSE ↗Key stats
Market cap
₹81,560.63 Cr
P/E ratio (TTM)
109.8
EPS (TTM)
₹16.08
Beta (1Y · daily vs NIFTY 50)
0.76
Beta (5Y · monthly vs NIFTY 50)
0.50
Shares float
37.55 Cr
EPS · quarter ended Jun 2026
₹3.50
Upcoming earnings
29 Oct 2026
Financial Performance
01 · Financials
FY22 growth needs FY21 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| — | ₹1,424.89 Cr | ₹2,557.85 Cr | ₹3,437.68 Cr | ₹4,977.21 Cr | ₹6,794.02 Cr | |
| EBITDA | — | ₹-776.95 Cr | ₹-402.61 Cr | ₹192.29 Cr | ₹542.46 Cr | ₹881.67 Cr |
| — | ₹-832.91 Cr | ₹-487.22 Cr | ₹66.98 Cr | ₹353.01 Cr | ₹669.94 Cr | |
| Diluted EPS | — | ₹20.34 | ₹-10.97 | ₹1.45 | ₹7.65 | ₹14.46 |
Revenue, Total expenses (as filed), Employee benefit expense, Depreciation & amortisation, Other expenses, EBITDA, Net income, Pretax income, Tax provision, Interest expense, Other income, Diluted EPS have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹2,330.73 Cr | ₹5,915.48 Cr | ₹6,254.02 Cr | ₹6,728.51 Cr | ₹7,529.41 Cr | ₹8,706.52 Cr | |
| ₹108.69 Cr | ₹159.36 Cr | ₹226.59 Cr | ₹253.33 Cr | ₹322.22 Cr | ₹360.15 Cr | |
| Stockholders' equity | ₹1,991.73 Cr | ₹5,411.66 Cr | ₹5,476.30 Cr | ₹5,871.03 Cr | ₹6,432.28 Cr | ₹7,311.79 Cr |
Inventory, Trade receivables, Cash & equivalents, CWIP, Others, Long-term debt, Current (short-term) debt have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| — | ₹-1,567.89 Cr | ₹-299.01 Cr | ₹8.65 Cr | ₹-183.14 Cr | ₹41.49 Cr | |
| Investing cash flow | — | ₹-2,126.60 Cr | ₹41.45 Cr | ₹300.81 Cr | ₹457.68 Cr | ₹213.77 Cr |
| — | ₹3,621.42 Cr | ₹-42.51 Cr | ₹-56.83 Cr | ₹-72.69 Cr | ₹-81.24 Cr | |
| Capital expenditure | — | ₹-32.73 Cr | ₹-65.70 Cr | ₹-63.35 Cr | ₹-97.12 Cr | ₹-79.90 Cr |
| End cash position | — | ₹367.40 Cr | ₹72.34 Cr | ₹324.86 Cr | ₹560.51 Cr | ₹746.26 Cr |
Operating cash flow, Depreciation & amortization, Change in working capital, Investing cash flow, Financing cash flow, Dividends paid, Capital expenditure, End cash position have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Nov 21 | Dec 21 | Mar 22 | Jun 22 | Sep 22 | Dec 22–Sep 23(4Q) | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24–Jun 25(3Q) | Sep 25 | Dec 25–Jun 26(3Q) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 94.99% | 95.56% | 97.69% | 98.92% | 98.93% | 99.17% | 99.24% | 99.41% | 99.45% | 99.46% | 99.72% | 99.73% | 99.86% |
| Employee trusts | 5.01% | 4.44% | 2.31% | 1.08% | 1.07% | 0.83% | 0.76% | 0.59% | 0.55% | 0.54% | 0.28% | 0.27% | 0.14% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Financial Services
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| HDFC Bank Limited | ₹11.27 L Cr | ₹731 | 16.2 | 1.38 | 8.6% | 0.81 | +4.7% | -25.2% |
| ICICI Bank Limited | ₹9.75 L Cr | ₹1,347.6 | 17.6 | 2.69 | 14.9% | 0.57 | +9.1% | -5.0% |
| State Bank of India | ₹9.16 L Cr | ₹996.2 | 10.6 | 1.54 | 14.0% | 1.22 | +9.2% | +16.6% |
| Bajaj Finance Limited | ₹6.31 L Cr | ₹1,040.3 | 31.1 | 5.54 | 16.7% | 3.10 | +19.7% | +4.4% |
| Life Insurance Corporation Of India | ₹5.06 L Cr | ₹407.7 | 8.4 | 2.87 | 32.5% | — | +8.7% | -54.2% |
| Kotak Mahindra Bank Limited | ₹4.08 L Cr | ₹415 | 20.5 | 2.25 | 10.6% | 0.53 | -0.3% | -79.5% |
| Axis Bank Limited | ₹3.86 L Cr | ₹1,240 | 14.0 | 1.80 | 12.3% | 1.30 | +4.0% | +10.1% |
| Bajaj Finserv Limited | ₹2.98 L Cr | ₹1,852.5 | 29.4 | 3.82 | 12.6% | 4.64 | +13.6% | -10.5% |
| Shriram Finance Limited | ₹2.34 L Cr | ₹1,010 | 17.6 | 3.55 | 15.2% | 2.76 | +13.9% | +61.1% |
| SBI Life Insurance Company Limited | ₹1.77 L Cr | ₹1,731 | 68.0 | 9.29 | 12.9% | — | -4.3% | -5.0% |
| ICICI Prudential Asset Management Company Limited | ₹1.53 L Cr | ₹3,098 | 43.8 | 36.57 | 79.1% | — | +23.1% | — |
| PB Fintech Limited | ₹83,053.21 Cr | ₹1,797.3 | 111.1 | 11.36 | 9.2% | 0.05 | +36.5% | -0.5% |
Ranked by market cap within Financial Services, same metrics as the Fundamentals screener. Click a column to sort.
Documents
IPO documents
Annual reports
Concall transcripts
Show all 12
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
44 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
PB Fintech shares fall 4% despite CEO Yashish Dahiya denying resignation rumours
PB Fintech shares fell nearly 4% despite CEO Yashish Dahiya denying market rumors of his resignation. The company issued an exchange filing confirming Dahiya will remain in his current role. This decline occurred even as Bernstein predicted limited impact from upcoming insurance commission norm changes.
PB Fintech Share Price Falls 3.7% Despite Rs 16 Crore Push to Consolidate Subsidiaries
Univest · 2 days ago