PB Fintech share price
NSE: POLICYBZRBSE: 543390Financial Technology (Fintech)Mid Cap
PB Fintech Limited · Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Nov 2021 · Issue price ₹980
Last close ₹1,018.20up ₹30.20 (3.06%)BSE ₹1,017.90
Share price at the NSE close on 29 Oct 2026. Previous close ₹988.00.
29 Oct: open ₹985.10, high ₹1,018.20, low ₹980.10
52-week range of traded prices to 29 Oct 2026
₹945.10Low, 5 Oct 2026₹1,964.20High, 9 Dec 2025
- Under NSE's short-term additional surveillance, stage I, on the list for 29 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Next results date: the board meets on 30 Oct 2026 to consider: financial results and other business matters. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹47,117 Cr144th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 62.97
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 6.44
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 10.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 6.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 12,50,84337.5% delivered
About PB Fintech
PB Fintech Limited is the parent company of Policybazaar, an online marketplace in India for health, life, motor, travel and savings insurance, and Paisabazaar, an online marketplace for loans, credit cards and credit scores.123 It does not underwrite insurance (take on the risk of paying claims) or carry credit risk (the risk of borrowers not repaying) on its own books.1
The group runs 2 core online businesses, Policybazaar and Paisabazaar, and 3 newer ones: PB Partners, through which independent agents sell policies from many insurers; PB for Business, for company and small-firm insurance; and Policybazaar.ae.243 Policybazaar offers products from 53 insurers, and Paisabazaar works with more than 70 lending partners.23 Other ventures include Pensionbazaar for retirement products, PB Wheels for car ownership, reinsurance broking (insurance for insurers), account aggregation (one view of a customer's accounts) and PB Pay, registered with the Reserve Bank of India to process online payments.56 It reports 2 segments: insurance broking in India and the UAE, and other services, mainly commission from other financial products.7
The company was incorporated in 2008, the year Policybazaar was founded in Gurugram.89 Paisabazaar followed in 2014 and PB Partners in 2021; the company decided in 2018 to launch Policybazaar.ae in the United Arab Emirates.1410 Its shares have been listed on BSE and NSE since 15 Nov 2021, after its initial public offering.11
Yashish Dahiya is Chairman and Chief Executive Officer, and Alok Bansal is Executive Vice Chairman.12 At 31 Mar 2026, foreign shareholders held 41.20% of PB Fintech's share capital.11
PB Fintech key points
Results
- In the quarter to Jun 2026, consolidated (group-wide) revenue from operations rose 40% to ₹1,888 crore, adjusted EBITDA (operating profit before depreciation, interest, tax and stock-option costs) rose 109% to ₹186 crore, and profit after tax rose 92% to ₹163 crore.1314
- In the year to Mar 2026, consolidated revenue from operations rose 37% to ₹6,794 crore, adjusted EBITDA rose 118% to ₹725 crore and profit after tax was ₹670 crore, against ₹352 crore a year earlier.15
- Total insurance premium on policies sold through the group was ₹8,372 crore in the quarter to Jun 2026, up 41%, with India premium excluding GST (goods and services tax), and ₹29,934 crore in the year to Mar 2026, up 42%.1617
- At the end of Mar 2026, the group had net cash and investments of ₹5,109 crore and no borrowings.18
Market position
- In the year to Mar 2026, Policybazaar's estimated share of new retail health insurance was 18 to 20%, and it facilitated about 25% of India's new term life insurance (pure life cover).19
- In the year to Mar 2026, Policybazaar's private-car insurance grew about 3 times as fast as the market; two-wheeler insurance picked up in the second half, with an estimated share of 11.8%.20
Revenue mix
- Share of revenue from operations, by business21More than 70% of Policybazaar's insurance revenue came from protection products (health and term life cover).
Item year to Mar 2026 Policybazaar 53% PB Partners 31% Paisabazaar 7% Policybazaar.ae 5% Others 4% - Core online renewal and trail revenue (commission as earlier policies renew) was ₹1,003 crore over the 12 months to Jun 2026, against ₹725 crore a year earlier.22
Branches and reach
- By Jun 2026, 158.9 million consumers had registered on Policybazaar, 28.1 million had bought there, and it had sold 71.6 million policies, counting non-life renewals; 60.6 million people had checked a credit score on Paisabazaar.2324
- In the quarter to Jun 2026, PB Partners had more than 500,000 advisors, 1.13 lakh of them active (up 55%), in more than 19,000 PIN codes, 99% of India's; Tier 2 and Tier 3 (smaller) cities gave 78% of gross written premium (premium billed).25
- Policybazaar offers sales support in more than 250 cities in 21 languages, and on-ground claims support in more than 300 cities.26
- Policybazaar supported about 70,000 health insurance claims in the quarter to Jun 2026, and its PB Care+ service, for hospital admission and discharge without a deposit, ran at more than 255 centres.2728
Credit marketplace
- Loans disbursed by lenders to customers sourced through the group totalled ₹30,740 crore in the year to Mar 2026, up 50%, and ₹4,366 crore in the quarter to Jun 2026.1729
- Core online credit revenue rose 25% to ₹127 crore in the quarter to Jun 2026, on disbursals up 33%; in the year to Mar 2026 core disbursals fell 20% to ₹9,474 crore, reflecting tighter lender supply.3031
- Paisabazaar issued 3.5 lakh credit cards in the year to Mar 2026 and expanded into savings, with fixed deposits from more than 10 banks and institutions and corporate bonds from ₹1,000.3233
What the company expects
- On its earnings call of 5 Aug 2026, the company said its internal target for PB Health, its hospital business, is an annual run rate (yearly revenue at the current pace) of about ₹500 crore and break-even by Mar 2027.34
- On its earnings call of 5 Aug 2026, the company said it expects renewal revenue to outgrow new business over the next 12 months, growing upwards of 50% for some time.35
Recent events
- On 6 Dec 2025, the company allotted 5,98,90,000 shares to the shareholders of Makesense Technologies Limited, which merged into it under a scheme effective 29 Aug 2025; the company says its shareholding pattern did not change.3637
- PB Healthcare Services (PB Health) became an associate (part-owned, not controlled) on 24 Apr 2025; the group invested ₹539.0 crore in it in the year to Mar 2026 and held 28.46% at its end.3839
Litigation and regulatory matters
- IRDAI (the insurance regulator) fined Policybazaar Insurance Brokers ₹500 lakh after an inspection, by an order of 4 Aug 2025, paid on 17 Sep 2025; as of 5 Aug 2026, its decision on 2 other inspections was awaited.40
- Income tax orders disallowed ₹6,031 lakh and ₹8,560 lakh of Paisabazaar's expenses; on 30 Apr 2026 the appeals commissioner confirmed them but directed that losses be set off. Paisabazaar appealed to the tax tribunal on 26 Jun 2026.41
- Paisabazaar received benami law notices (on property held in another's name) over vendor transactions; after an authority confirmed a provisional attachment order on 24 Mar 2026, it appealed on 4 May 2026. Its legal advisers consider the allegations not sustainable; the outcome was awaited.42
Last updated
All 42 sources, each with its page
- 1. Annual report, 5 Sep 2026, page 21
- 2. Annual report, 5 Sep 2026, page 85
- 3. Annual report, 5 Sep 2026, page 86
- 4. Annual report, 5 Sep 2026, page 45
- 5. Annual report, 5 Sep 2026, page 10
- 6. Annual report, 5 Sep 2026, page 17
- 7. Investor presentation, 5 Aug 2026, page 119
- 8. Annual report, 5 Sep 2026, page 108
- 9. Annual report, 5 Sep 2026, page 24
- 10. Annual report, 5 Sep 2026, page 41
- 11. Annual report, 5 Sep 2026, page 92
- 12. Annual report, 5 Sep 2026, page 80
- 13. Investor presentation, 5 Aug 2026, page 8
- 14. Investor presentation, 5 Aug 2026, page 3
- 15. Annual report, 5 Sep 2026, page 85
- 16. Investor presentation, 5 Aug 2026, page 3
- 17. Annual report, 5 Sep 2026, page 85
- 18. Annual report, 5 Sep 2026, page 88
- 19. Annual report, 5 Sep 2026, page 85
- 20. Annual report, 5 Sep 2026, page 86
- 21. Annual report, 5 Sep 2026, page 85
- 22. Investor presentation, 5 Aug 2026, page 3
- 23. Investor presentation, 5 Aug 2026, page 6
- 24. Investor presentation, 5 Aug 2026, page 24
- 25. Earnings call, 5 Aug 2026, page 4
- 26. Investor presentation, 5 Aug 2026, page 18
- 27. Earnings call, 5 Aug 2026, page 3
- 28. Investor presentation, 5 Aug 2026, page 72
- 29. Investor presentation, 5 Aug 2026, page 6
- 30. Investor presentation, 5 Aug 2026, page 3
- 31. Annual report, 5 Sep 2026, page 86
- 32. Annual report, 5 Sep 2026, page 34
- 33. Annual report, 5 Sep 2026, page 38
- 34. Earnings call, 5 Aug 2026, page 8
- 35. Earnings call, 5 Aug 2026, page 5
- 36. Exchange filing, 6 Dec 2025, page 1
- 37. Annual report, 5 Sep 2026, page 93
- 38. Annual report, 5 Sep 2026, page 98
- 39. Annual report, 5 Sep 2026, page 88
- 40. Investor presentation, 5 Aug 2026, page 122
- 41. Investor presentation, 5 Aug 2026, page 122
- 42. Investor presentation, 5 Aug 2026, page 123
Results
Consolidated; ₹ crore.PB Fintech quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +38.0%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +98.3%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,888 Crdown 8.40%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹163 Crdown 37.62%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 8.6%
Revenue by quarter
Peak revenue ₹2,061 Cr, quarter to Mar 2026; lowest ₹1,167 Cr, quarter to Sep 2024
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,167 | 1,292 | 1,508 | 1,348 | 1,614 | 1,771 | 2,061 | 1,888 |
| Net profit | 51 | 72 | 171 | 85 | 135 | 189 | 261 | 163 |
| Net margin | 4.4% | 5.5% | 11.3% | 6.3% | 8.4% | 10.7% | 12.7% | 8.6% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹6,794 Crup 36.50%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹670 Crup 89.75%
- Net margin
- 9.9%
Revenue by year
Peak revenue ₹6,794 Cr, year to Mar 2026; lowest ₹1,425 Cr, year to Mar 2022
Net profit by year, a loss in red
- Net profit
- Loss
A loss in 2 of the 5 years shown
| ₹ crore | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 1,425 | 2,558 | 3,438 | 4,977 | 6,794 |
| Net profit | −833 | −488 | 64 | 353 | 670 |
| Net margin | −58.5% | −19.1% | 1.9% | 7.1% | 9.9% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Insurance broker servicesInsurance broker services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹6,089 Crup 41.68%89.6%
- Other servicesOther services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹705 Crup 3.76%10.4%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.PB Fintech PE ratio and valuation
Price to earnings
At or below today's level on 1% of 615 trading days since May 2024.
LowestHighest
Its median242.86Industry median19.28
Price to book
At or below today's level on 35% of 1,088 trading days since Jun 2022.
LowestHighest
Its median10.01Industry median3.15
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −10.2% | +87.6% | −52.1% | 0.0% |
| 3 years | +30.7% | – | – | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 1 year includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2025.
Mutual fund holdings
334 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 99 of the 207 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 334 funds holding PB Fintech
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 6
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 8
- AddedAdded. Funds that held more shares than at the end of the month before.
- 139
- CutCut. Funds that held fewer shares than at the end of the month before.
- 68
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 112
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 18
| Fund | |||
|---|---|---|---|
 HDFC Flexi Cap FundHDFC Mutual Fund | 1,13,97,180 | 1.12% | ₹1,212.5 Cr |
| HDFC Mid Cap FundHDFC Mutual Fund | 1,02,84,335 | 1.07% | ₹1,094.2 Cr |
 Motilal Oswal Midcap FundMotilal Oswal Mutual Fund | 65,11,884 | 1.72% | ₹692.8 Cr |
 ICICI Prudential Large & Mid Cap FundICICI Prudential Mutual Fund | 62,49,387 | 2.10% | ₹664.9 Cr |
 Mirae Asset Large & Midcap FundMirae Asset Mutual Fund | 57,28,302 | 1.42% | ₹609.4 Cr |
 Kotak Arbitrage FundKotak Mahindra Mutual Fund | 47,13,800 | 0.67% | ₹501.5 Cr |
 Axis Midcap FundAxis Mutual Fund | 45,23,274 | 1.44% | ₹481.2 Cr |
| ICICI Prudential Balanced Advantage FundICICI Prudential Mutual Fund | 38,28,637 | 0.57% | ₹407.3 Cr |
| Mirae Asset ELSS Tax Saver FundMirae Asset Mutual Fund | 35,53,761 | 1.54% | ₹378.1 Cr |
 Nippon India Multi Cap FundNippon India Mutual Fund | 35,09,445 | 0.69% | ₹373.4 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 29 Oct 2025.PB Fintech insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade · 114 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
PB Fintech competitors and peers
Financial Technology (Fintech), 15 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to PB Fintech in market cap.Finance companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 One 97 CommunicationsPAYTM | 1,08,207 | 126.56 | 6.52 | +23.8% | – | 5.4% | 1.3% | 0.00% |
 Pine LabsPINELABS | 18,962 | 118.59 | 3.15 | – | – | 3.3% | 2.8% | 0.00% |
| MoneyviewMONEYVIEW | 9,266 | – | – | – | – | – | – | 0.00% |
 Manipal Payment and Identity SolutionsMPIMANIPAL | 7,228 | – | – | – | – | – | – | 0.00% |
 Seshaasai TechnologiesSTYL | 5,339 | 19.36 | 3.52 | – | – | 19.7% | 22.4% | 0.76% |
 AvenuesAICCAVENUE | 4,308 | 14.66 | 0.91 | +110.2% | +35.6% | 6.9% | 5.4% | 0.00% |
 Network People Services TechnologiesNPST | 3,449 | 77.17 | 7.83 | – | – | 16.4% | 9.6% | 0.12% |
 One Mobikwik SystemsMOBIKWIK | 1,729 | – | 3.21 | +2.7% | – | −2.2% | −0.6% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.PB Fintech announcements
Oct 2026
Sep 2026
28 Sep · Meeting
PB Fintech share price by year
Each calendar year to 2025.PB Fintech share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,825.60 | −13.4% | 2,215.85 | 1,331.90 |
| 2024 | 2,108.85 | +165.4% | 2,172.65 | 782.65 |
| 2023 | 794.65 | +77.3% | 861.30 | 401.50 |
| 2022 | 448.30 | −52.8% | 1,022.60 | 371.55 |
| 2021 | 950.30 | – | 1,447.95 | 929.05 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2021 is from its first session, 15 Nov 2021.
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 1,008.40 | 1,015.00 | 981.20 | 988.00 | 991.22 | 16,91,303 | 42.2% |
| 27 Oct 2026 | 1,023.00 | 1,041.90 | 1,004.00 | 1,008.40 | 1,023.99 | 12,89,900 | 29.1% |
| 26 Oct 2026 | 1,015.00 | 1,032.30 | 1,005.40 | 1,023.00 | 1,018.06 | 14,31,887 | 45.3% |
| 23 Oct 2026 | 1,029.00 | 1,037.50 | 1,003.40 | 1,015.00 | 1,016.43 | 12,54,358 | 45.9% |
| 22 Oct 2026 | 1,010.00 | 1,048.90 | 994.90 | 1,037.90 | 1,022.75 | 28,18,555 | 36.5% |
| 21 Oct 2026 | 1,032.00 | 1,041.50 | 1,005.60 | 1,008.00 | 1,018.12 | 28,60,137 | 61.0% |
| 19 Oct 2026 | 1,066.00 | 1,067.30 | 1,032.00 | 1,035.00 | 1,042.69 | 15,91,356 | 39.9% |
| 16 Oct 2026 | 1,079.40 | 1,092.00 | 1,058.10 | 1,070.00 | 1,072.10 | 22,87,501 | 45.9% |
| 15 Oct 2026 | 1,052.10 | 1,091.90 | 1,050.40 | 1,079.40 | 1,071.56 | 29,31,604 | 37.3% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 24 Sep 2026 | Price move | – | Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for. |
Each event is noted and not adjusted for.
Company details
- NSE symbol
- POLICYBZR
- BSE code
- 543390
- ISIN
- INE417T01026
- Industry
- Financial Technology (Fintech)
- Website
- www.pbfintech.in
- CIN
- L51909HR2008PLC037998
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2008
- Registered office
- Plot No. 119, Sector 44, Gugaon 122001, Haryana
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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