1. Policybazaar
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64% Buy

Policybazaar Share Price

POLICYBZR

₹1,282.45-₹49.15 (-3.69%) Past Year
₹1,261.65₹1,339.75
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Company overview

About

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Market cap

Market Cap Switch₹51,981 Cr

Open

₹1,339.75

Close

₹1,331.60

Circuit range

₹1,597.90 - ₹1,065.30

Day range

₹1,261.65 - ₹1,339.75

Year range

₹566.30 - ₹1,400.35

Volume

16,19,756

Avg. traded

₹1,281.35

Revenue (12m)

₹3,217 Cr

Policybazaar

PB Fintech Limited is a leading multichannel insurance and financial products distributor. The company primarily focuses on insurance and loan distribution through its online platforms. The financial services firm specialises in delivering online marketing, consulting and technology services to both insurers and lending partners.

It launched its flagship platform Policybazaar in 2008. It also introduced Paisabazaar in 2014.

The company was first established as Etechaces Marketing and Consulting Private Limited in 2008. Its name was changed to PB Fintech Private Limited in 2020. Subsequently, it was converted into a public limited company in 2021.

The company started operations in the United Arab Emirates (UAE) in 2018 through one of its wholly-owned subsidiaries, PB Fintech FZ-LLC. The subsidiary operates an online financial marketplace in the UAE. In FY23, PB Fintech FZ LLC acquired YKNP Marketing Management. The PF Fintech subsidiary holds 26.72% stake in the entity.

Later, Zphin Computer Systems and Software Designing LLC became a wholly-owned subsidiary of PB Fintech FZ LLC.

The market capitalisation of PB Fintech Limited stood at over ₹38,200 crore as of January 23, 2024. PB Fintech share price has increased more than 102% in the last three years.

PB Fintech Limited business operations

PB Fintech Limited provides a consumer-centric platform by collaborating with financial services companies such as insurance firms to improve their platforms from a consumer e-commerce standpoint. The primary product portfolio of the company comprises health, term, motor and travel insurance products, along with savings and investment instruments.

The company's advisors cater to consumers in 12 languages across 125 cities. PB Fintech Limited has claims capability in 114 cities and offers a 30-minute service promise for health insurance plans distributed through its platform. Internationally, it offers services in Dubai and Abu Dhabi.

Policybazaar operated 77 insurance centres across 55 cities, as of March 31, 2023. The insurance platform offers more than 160 products from 18 insurance partners in just the health insurance segment.

PB Fintech's other flagship product Paisabazaar is a platform for consumer credit facilities. The customers can also get a free credit score on this platform. The platform also collaborates with many lenders, which includes some of the largest private banks, Fintechs, NBFCs and credit bureaus.

In FY23, the company witnessed a 66% growth in premiums, reaching approximately 11,589 crore compared to 6,975 crore in the previous fiscal. Its core business premium also recorded a substantial increase of 48%.

The company launched two new initiatives- PB Partners and PB for Business in FY23. PB Partners is the company's specialised platform for insurance agents. PB for Business offers insurance solutions for large corporates and SMEs. It is one of the fastest-growing corporate insurance businesses in India.

Financial Highlights

The company’s consolidated revenue from operations in FY23 stood at ₹2,558 crore, up 79.5% compared to ₹1,425 crore in FY22. In FY23, the company narrowed down its net loss to ₹488 crore compared to ₹833 crore in FY22. The company reported earnings before interest, tax, depreciation and amortisation (EBITDA) loss of ₹402.6 crore in FY23 compared to ₹776.94 crore in FY22. The company's earnings per share (EPS) stood at ₹ (-10.97) in FY23 compared to ₹ (-20.34) in FY22.

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Policybazaar Key indicators

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52 week high

₹1,400.35

52 week low

₹566.30

P/E ratio

P/B ratio

10.58

ROE

-1.14%

ROCE

-1.03%

Dividend yield

--

Debt/Equity ratio

EPS

-1.65

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Investment checklist: (3/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

64%

Hold

15%

Sell

21%

This analysis is based on the reviews of 14 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

-51.75%

Net profit margin

-55.28%

ROE

-1.14%

ROA

-1.04%

ROCE

-1.03%

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Policybazaar Shareholder returns

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1 day

+2.19%

1 week

+11.83%

1 month

+20.89%

3 months

+60.79%

1 year

+125.85%

3 years

+10.75%

5 years

+10.75%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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No data available at the moment

Policybazaar Share Price history

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DayOpenCloseDay’s change
Wed, Apr 10 2024
₹1,351.00
₹1,331.60
-1.46%
Tue, Apr 9 2024
₹1,295.25
₹1,303.05
+0.60%
Mon, Apr 8 2024
₹1,274.05
₹1,285.25
+0.87%
Fri, Apr 5 2024
₹1,232.00
₹1,278.30
+3.62%
Thu, Apr 4 2024
₹1,199.00
₹1,231.20
+2.62%
Wed, Apr 3 2024
₹1,164.05
₹1,190.70
+2.24%
Tue, Apr 2 2024
₹1,179.00
₹1,167.80
-0.96%
Mon, Apr 1 2024
₹1,124.25
₹1,172.20
+4.09%

Shareholding info

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Promoters (0%)

Mutual Funds (10.28%)

Retail and other (35.02%)

Foreign institutions-FII (40.58%)

Other domestic institutions (14.12%)

Foreign institutions-FII

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Events

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Frequently asked questions