PB Fintech Ltd.
Banking · NSE
52-week range
₹1,364 – ₹1,978
From 52w high
-16.8%
RSI (14)
56.1
vs SMA 50 / 200
↑ 50 · ↓ 200
PB Fintech (PolicyBazaar) is an insurtech platform trading at ₹1,650, carrying a trailing PE of 113.95 and a forward PE of 48.63 — the highest PE in a peer group where most trade at 14–31x. The stock is 16.58% below its 52-week high and sits below the 200-DMA of ₹1,701.79. Revenue has compounded at 36.7% over five years and earnings at 52.8%, but FCF has been negative in every tracked year with a debt-to-equity ratio of 4.92.
- ✓5-year revenue CAGR of 36.7% and earnings CAGR of 52.8% indicate rapid top-line and bottom-line expansion over the measurement period.
- ✓Forward PE of 48.63 represents a 57% compression from the trailing PE of 113.95, implying consensus expects material earnings improvement in the near term.
- ✓Analyst mean rating of 2.08 across 24 analysts (1–5 scale, lower = more constructive) indicates the analyst community is broadly constructive on the stock.
- ✓Q4 FY2026 earnings call took place on May 6, 2026, providing a recent data point on management commentary; the business reported 30% growth attributed to India insurance market expansion.
- ✗FCF has been negative in all tracked years and ROE has never exceeded 15% in any year available, indicating the business has not yet demonstrated self-funding capital generation.
- ✗Debt-to-equity of 4.92 combined with a rising debt trend is elevated for a non-bank platform business; this leverage level is the primary solvency-related flag in the dataset.
- ✗Quality score of 36 ranks 4th of 6 among sector peers, with ROE of 9.74% the lowest in the comparison set (peers range 11.28%–17.91%).
- ✗Tax demands totalling approximately ₹1.45 billion (₹850.61M + ₹603.1M) were reported in early May 2026, representing a contingent liability that has not yet been resolved.
- ·PB Fintech reported full-year FY2026 earnings on May 6, 2026, with Q4 results published on May 8; management cited 30% growth supported by expansion of India's insurance market.
- ·Two tax demand notices aggregating approximately ₹1.45 billion were disclosed on May 1, 2026, adding a contingent regulatory/tax liability to the near-term financial picture.
- ·The stock has gained 3.88% over the past year and 6.26% over the past three months, recovering from a 52-week low but remaining below the 200-DMA of ₹1,701.79 as of May 11, 2026.
- ?At what point does the forward PE of 48.63 become supported by demonstrated FCF generation rather than projected earnings growth — and how sensitive is this to execution risk?
- ?Does the debt-to-equity ratio of 4.92 reflect the financial structure of the insurance distribution model (float, regulatory capital) or does it represent incremental operational leverage?
- ?How material are the two tax demands (combined ~₹1.45B) relative to current cash and equivalents, and what is the likely resolution timeline?
- ?Is the 52.8% five-year earnings CAGR a structural characteristic of the insurtech platform model, or does it reflect base-effect recovery from early-stage losses that will moderate as the business matures?
PE
114.0
Forward PE
48.6
ROE
+9.7%
Profit margin
+9.9%
D/E
4.92
Dividend yield
—
Quality score
36/100
ROE 5y above 15%
0/5 yrs
FCF 5y positive
0/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 11 May 2026.