PB Fintech Ltd (POLICYBZR) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+7.59%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 37.3%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 9.8%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 11 Nov 2026

50-Day DMA ● Overlay

₹1,013.35

200-Day DMA ● Overlay

₹939.84

14-Day RSI ● Overlay

78.6 (Overbought)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹45,174 Cr

Large cap

Stock P/E (TTM) Valuation

60.4x

Price / EPS

Book Value (₹) Assets

₹158.0

P/B: 6.2x

ROE (%) Quality

9.8%

Net Profit / Equity

ROCE (%) Efficiency

10.3%

EBIT / Capital

Dividend Yield Yield

0.00%

Face Value: ₹10

Debt / Equity Solvency

0.05x

Low Debt

EPS (TTM) Per Share

₹16.16

Trailing 12M

OPM (%) Spread

8.0%

EBITDA Margin

Free Cash Flow Cash

-₹36.00 Cr

CFO - Capex

About PB Fintech Ltd

PB Fintech Ltd (Policybazaar) (POLICYBZR) is a leading Indian enterprise operating in the Consumer Internet & Fintech sector.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 5.8% × Turnover: 0.85x × Leverage: 1.05x = ROE: 9.75%

✓ Company Strengths (Pros)

• Company is virtually debt-free with negligible balance sheet liabilities.
• TickerPulse fundamental algorithm rates overall quality at 80/100.

⚠ Key Considerations & Risks (Cons)

• Stock is trading at a premium of 6.2x its book value.
• Commanding an elevated valuation multiple with P/E at 60.4x.

📑 10-Year Comprehensive Financial Statements

✓ 93% Coverage (14/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹7,334 Cr

Latest PAT

₹748.00 Cr

EPS (TTM)

₹16.16

OPM %

8.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹666.00 Cr	₹812.00 Cr	₹871.00 Cr	₹1,090 Cr	₹1,010 Cr	₹1,167 Cr	₹1,292 Cr	₹1,508 Cr	₹1,348 Cr	₹1,614 Cr	₹1,771 Cr	₹2,061 Cr	₹1,888 Cr
Operating Profit (EBITDA)	-₹77.00 Cr	-₹89.00 Cr	-₹27.00 Cr	₹5.00 Cr	-₹39.00 Cr	-₹8.00 Cr	₹28.00 Cr	₹112.00 Cr	₹34.00 Cr	₹98.00 Cr	₹159.00 Cr	₹212.00 Cr	₹137.00 Cr
OPM %	-12.0%	-11.0%	-3.1%	0.5%	-3.9%	-0.7%	2.1%	7.0%	2.5%	6.0%	9.0%	10.0%	7.0%
Interest Expense	₹6.00 Cr	₹7.00 Cr	₹6.00 Cr	₹7.00 Cr	₹6.00 Cr	₹9.00 Cr	₹9.00 Cr	₹9.00 Cr	₹9.00 Cr	₹9.00 Cr	₹9.00 Cr	₹10.00 Cr	₹11.00 Cr
Depreciation	₹20.00 Cr	₹22.00 Cr	₹23.00 Cr	₹24.00 Cr	₹25.00 Cr	₹29.00 Cr	₹34.00 Cr	₹33.00 Cr	₹33.00 Cr	₹34.00 Cr	₹34.00 Cr	₹35.00 Cr	₹40.00 Cr
Profit before Tax (PBT)	-₹12.00 Cr	-₹21.00 Cr	₹37.00 Cr	₹73.00 Cr	₹71.00 Cr	₹60.00 Cr	₹85.00 Cr	₹171.00 Cr	₹92.00 Cr	₹142.00 Cr	₹201.00 Cr	₹272.00 Cr	₹179.00 Cr
Net Profit (PAT)	-₹12.00 Cr	-₹21.00 Cr	₹37.00 Cr	₹60.00 Cr	₹60.00 Cr	₹51.00 Cr	₹72.00 Cr	₹170.00 Cr	₹85.00 Cr	₹135.00 Cr	₹189.00 Cr	₹261.00 Cr	₹163.00 Cr
EPS in ₹	₹-0.25	₹-0.45	₹0.84	₹1.34	₹1.32	₹1.11	₹1.56	₹3.70	₹1.84	₹2.94	₹4.09	₹5.64	₹3.52

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹78.00 Cr	₹90.00 Cr	₹334.00 Cr	₹492.00 Cr	₹771.00 Cr	₹887.00 Cr	₹1,425 Cr	₹2,558 Cr	₹3,438 Cr	₹4,977 Cr	₹6,794 Cr	₹7,334 Cr
Expenses	₹149.00 Cr	₹232.00 Cr	₹386.00 Cr	₹828.00 Cr	₹1,091 Cr	₹1,046 Cr	₹2,325 Cr	₹3,219 Cr	₹3,626 Cr	₹4,884 Cr	₹6,286 Cr	₹6,729 Cr
Operating Profit	-₹72.00 Cr	-₹142.00 Cr	-₹52.00 Cr	-₹336.00 Cr	-₹320.00 Cr	-₹160.00 Cr	-₹901.00 Cr	-₹662.00 Cr	-₹188.00 Cr	₹93.00 Cr	₹508.00 Cr	₹606.00 Cr
OPM %	-92%	-157%	-16%	-68%	-41%	-18%	-63%	-26%	-5%	1.9%	7%	8%
Interest	₹0 Cr	₹0 Cr	₹0 Cr	₹8.00 Cr	₹12.00 Cr	₹12.00 Cr	₹14.00 Cr	₹22.00 Cr	₹27.00 Cr	₹34.00 Cr	₹38.00 Cr	₹39.00 Cr
Depreciation	₹2.00 Cr	₹3.00 Cr	₹7.00 Cr	₹30.00 Cr	₹47.00 Cr	₹41.00 Cr	₹43.00 Cr	₹64.00 Cr	₹89.00 Cr	₹121.00 Cr	₹136.00 Cr	₹143.00 Cr
Profit before Tax	-₹64.00 Cr	-₹110.00 Cr	-₹34.00 Cr	-₹337.00 Cr	-₹295.00 Cr	-₹142.00 Cr	-₹833.00 Cr	-₹488.00 Cr	₹77.00 Cr	₹387.00 Cr	₹707.00 Cr	₹794.00 Cr
Net Profit	-₹64.00 Cr	-₹110.00 Cr	-₹59.00 Cr	-₹347.00 Cr	-₹304.00 Cr	-₹150.00 Cr	-₹833.00 Cr	-₹488.00 Cr	₹64.00 Cr	₹352.00 Cr	₹670.00 Cr	₹748.00 Cr
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	7.67	14.48	16.19

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹4.00 Lakh	₹4.00 Lakh	₹4.00 Lakh	₹4.00 Lakh	₹4.00 Lakh	₹5.00 Lakh	₹90.00 Cr	₹90.00 Cr	₹90.00 Cr	₹92.00 Cr	₹93.00 Cr
Reserves & Surplus	₹97.00 Cr	₹301.00 Cr	₹787.00 Cr	₹489.00 Cr	₹1,265 Cr	₹1,990 Cr	₹5,322 Cr	₹5,386 Cr	₹5,781 Cr	₹6,341 Cr	₹7,219 Cr
Borrowings (Debt)	₹0 Cr	₹1.00 Cr	₹1.00 Cr	₹90.00 Cr	₹110.00 Cr	₹110.00 Cr	₹159.00 Cr	₹227.00 Cr	₹253.00 Cr	₹322.00 Cr	₹360.00 Cr
Total Liabilities	₹126.00 Cr	₹345.00 Cr	₹880.00 Cr	₹751.00 Cr	₹1,576 Cr	₹2,331 Cr	₹5,915 Cr	₹6,254 Cr	₹6,729 Cr	₹7,531 Cr	₹8,707 Cr
Fixed Assets	₹4.00 Cr	₹6.00 Cr	₹11.00 Cr	₹119.00 Cr	₹147.00 Cr	₹125.00 Cr	₹205.00 Cr	₹313.00 Cr	₹359.00 Cr	₹418.00 Cr	₹441.00 Cr
Total Assets	₹126.00 Cr	₹345.00 Cr	₹880.00 Cr	₹751.00 Cr	₹1,576 Cr	₹2,331 Cr	₹5,915 Cr	₹6,254 Cr	₹6,729 Cr	₹7,531 Cr	₹8,707 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	-₹102.00 Cr	-₹97.00 Cr	-₹83.00 Cr	-₹282.00 Cr	-₹364.00 Cr	₹29.00 Cr	-₹1,568 Cr	-₹299.00 Cr	₹9.00 Cr	-₹183.00 Cr	₹41.00 Cr
Cash from Investing (CFI)	-₹15.00 Cr	-₹244.00 Cr	-₹434.00 Cr	₹375.00 Cr	₹79.00 Cr	-₹1,202 Cr	-₹2,125 Cr	₹46.00 Cr	₹301.00 Cr	₹492.00 Cr	₹225.00 Cr
Cash from Financing (CFF)	₹119.00 Cr	₹315.00 Cr	₹513.00 Cr	-₹23.00 Cr	₹1,031 Cr	₹759.00 Cr	₹3,621 Cr	-₹42.00 Cr	-₹57.00 Cr	-₹73.00 Cr	-₹81.00 Cr
Free Cash Flow (FCF)	-₹121.00 Cr	-₹305.00 Cr	-₹97.00 Cr	-₹317.00 Cr	-₹396.00 Cr	₹24.00 Cr	-₹1,599 Cr	-₹363.00 Cr	-₹55.00 Cr	-₹280.00 Cr	-₹36.00 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	120	156	105	97	85	71	92	97	67	73	93
Inventory Days	0	0	0	0	0	0	0	0	0	0	0
Cash Conversion Cycle (Days)	120	156	105	97	85	71	92	97	67	73	93
ROCE %	0%	-63%	0%	-53%	-36%	-9%	-21%	-8%	2%	6%	10%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹246.81 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹1,050.10

DCF Fair Value

₹246.81

Graham Number

₹239.68

Margin of Safety

-76.8%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹246.81

Premium / Overvalued (Margin: -76.8%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹240	₹238	₹236	₹234
10%	₹245	₹242	₹240	₹238
12%	₹249	₹247	₹245	₹242
14%	₹254	₹251	₹249	₹247

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹247	Fairly Valued
Benjamin Graham Number	₹240	Market Priced
Historical Sector P/E	₹356	Premium
EV / EBITDA Multiplier	₹1,103	In-Line
Free Cash Flow Yield Model	₹1,029	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 5/9 (Stable Financials)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

5 / 9 Pass

Altman Z-Score

4.89 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.05x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Managing working capital

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 8.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

52.40%

FIIs (Foreign)

37.29%

DIIs (Domestic)

40.42%

Government

0.15%

Public / Retail

22.14%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	50.30%	50.30%	50.30%	50.30%	50.30%	50.30%	50.30%	50.30%	50.30%	50.30%	50.30%	50.30%
+ FIIs (Foreign Portfolio)	49.40%	46.00%	48.97%	51.58%	49.70%	47.78%	45.93%	46.78%	43.64%	40.77%	39.94%	37.29%
+ DIIs (Mutual Funds / Insurance)	16.31%	18.97%	16.64%	16.17%	18.31%	20.57%	22.95%	23.27%	26.63%	29.54%	36.72%	40.42%
+ Public (Retail & HNIs)	33.46%	34.28%	33.81%	31.69%	31.44%	31.35%	30.85%	29.65%	29.47%	29.55%	23.19%	22.14%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Financial Services.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

POLICYBZR Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

POLICYBZR Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

POLICYBZR Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹1,344.13

Accelerated market share capture in Financial Services, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹1,176.11

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 60x P/E.

🐻 Bear Case (15%) -12.0%

₹924.09

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Financial Services)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 21:44 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ PB Fintech Ltd (POLICYBZR)	Target Stock	₹1,050.10	+7.59%	60.4x	9.8%	10.3%	0.05	₹45,174 Cr
HDFC Bank Ltd (HDFCBANK)	Private Sector Bank	₹812.30	+0.71%	14.1x	13.6%	7.0%	0.00	₹11.12 Lakh Cr
ICICI Bank Ltd (ICICIBANK)	Private Sector Bank	₹1,590.00	+1.17%	16.8x	15.9%	7.2%	0.00	₹9.41 Lakh Cr
State Bank of India (SBIN)	Public Sector Bank	₹1,086.50	+2.38%	10.5x	15.4%	6.1%	0.00	₹8.81 Lakh Cr
Bajaj Finance Ltd (BAJFINANCE)	Non-Banking Financial Company (NBFC)	₹1,115.00	+3.36%	28.8x	18.2%	10.9%	0.00	₹5.90 Lakh Cr
Kotak Mahindra Bank Ltd (KOTAKBANK)	Private Sector Bank	₹490.40	+0.55%	20.7x	11.4%	7.0%	0.00	₹4.14 Lakh Cr
Axis Bank Ltd (AXISBANK)	Private Sector Bank	₹1,342.90	+0.49%	13.6x	13.1%	6.2%	0.00	₹3.79 Lakh Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 93% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	21:44:36 IST	✓ Live Sync
Financial Statements (10Y)	PB Fintech Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	12 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	12 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	12 Nov 2026	✓ Deterministic

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TickerPulse Academy

PB Fintech Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About PB Fintech Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Financial Services)

Metric Explainer

Stock DNA Methodology

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