Operates an online insurance and credit marketplace. Insurance broking contributes 89.6% of FY26 segment revenue at Rs 6,089.28 crore, while other services contribute 10.4% at Rs 704.74 crore. The insurance platform connects retail customers to insurer products across health, term, life and motor categories and earns brokerage on premium placed; for FY26, total insurance premium processed was Rs 29,934 crore, up 42% year-on-year. Renewal premium annualised revenue reached Rs 1,126 crore in Q4 FY26, up 63% YoY. A Point of Sale Person (POSP) network of 450,000 advisors distributes products offline, with 83% of premium now sourced from smaller agents. Other services include the Paisabazaar credit-comparison platform (5.8 crore consumers), a payment-aggregator arm (PB Pay), a stock-broking arm (PB Marketing), and a hospital business (PB Health) with two facilities in Noida and Gurugram. Employee expense is the biggest cost at 36.3% of revenue, followed by other operating expenses at 56.2%. The company also runs an insurance operation in the UAE and has set up reinsurance broking and advisory entities in Dubai. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Insurance broker services (90%), Other services (10%). Asset-light, platform-based insurance and credit distribution
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,425 | 2,558 | 3,438 | 4,977 | 6,794 |
| EBITDA (ex other income) | (902) | (662) | (186) | 135 | 509 |
| margin % | (63.3) | (25.9) | (5.4) | 2.7 | 7.5 |
| Owners' profit | (833) | (487) | 64 | 353 | 670 |
| EPS, as reported (₹) | 20.34 | (10.97) | 1.50 | 7.77 | 14.58 |
| ROE % · ROCE % | (15.4) · (14.7) | (8.9) · (8.2) | 1.1 · 1.7 | 5.5 · 6.2 | 9.2 · 9.7 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (1,568) | (299) | 9 | (183) | 41 |
| Capex | (33) | (60) | (63) | (97) | (80) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,167 | 1,292 | 1,508 | 1,348 | 1,614 | 1,771 | 2,061 | 1,888 |
| Profit before tax | 60 | 85 | 172 | 91 | 139 | 201 | 278 | 181 |
| Net profit | 51 | 72 | 171 | 85 | 135 | 189 | 261 | 163 |
| EPS (₹) | 1.12 | 1.57 | 3.73 | 1.85 | 2.94 | 4.11 | 5.65 | 3.53 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Insurance broker services | 6,089 | 89.6 |
| Other services | 705 | 10.4 |
| Total, before eliminations | 6,794 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ONE 97 COMMUNICATIONS LTD | 1,15,680 | 177.9 | 7.22 | 96.1 | 3.4 | 3.6 | — | 15.7 |
| PB FINTECH LIMITED ◆ | 83,161 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · ESOP Allotment: 57,885 shares issued under PB Fintech Employees Stock Option Plan 2021 | capital market events | low | — | — |
| 9 Sept 2026 · PB Fintech management to attend Jefferies India Forum 2026 on Sep 16 | board shareholder meetings | low | — | — |
| 9 Sept 2026 · PB Fintech to attend Jefferies investor meet on Sep 14 | board shareholder meetings | low | — | — |
| 6 Sept 2026 · Newspaper ad confirms 18th AGM notice and Annual Report dispatch | compliance | minimal | — | — |
| 5 Sept 2026 · PB Fintech sends physical AGM notice to shareholders without registered email | compliance | minimal | — | — |
| 5 Sept 2026 · PB Fintech files BRSR for FY 2025-26 with IRDAI penalty disclosure | compliance | medium | — | — |
| 5 Sept 2026 · AGM notice and first Integrated Annual Report for FY 2025-26 | board shareholder meetings | medium | — | — |
| 5 Sept 2026 · PB Fintech 18th AGM on September 28; FY26 PAT rises to Rs 670 Cr | board shareholder meetings | low | — | — |
| 3 Sept 2026 · PB Fintech publishes newspaper notice ahead of 18th AGM | compliance | minimal | — | — |
| 2 Sept 2026 · PB Fintech to attend Citi 2026 GEMs Conference in New York, Sep 8-10 | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 110.7 |
| 11.36 |
| 93.5 |
| 9.2 |
| 9.2 |
| — |
| 12.3 |
| PINE LABS LIMITED | 22,945 | 176.0 | 3.89 | 44.4 | 1.9 | 2.2 | — | 16.8 |
| SESHAASAI TECHNOLOGIES L | 6,318 | 20.4 | 4.43 | 15.8 | 16.8 | 22.0 | — | 25.1 |
| AVENUESAI LIMITED | 5,692 | 16.1 | 1.14 | 11.8 | 5.9 | 6.2 | 64.4 | 4.8 |
| NETWORK PEOPLE SRV TECH L | 3,494 | 74.9 | 7.92 | 49.5 | 9.3 | 12.3 | — | 33.3 |
| ONE MOBIKWIK SYSTEMS LTD | 1,649 | — | 3.06 | — | (11.5) | (11.2) | — | 5.6 |
| WSFX Global Pay Limited | 80 | — | 2.82 | — | (4.5) | (6.4) | — | (20.5) |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 110.7 | 92.8 | 4 of 6 | 40% |
| P/B | 11.4 | 3.5 | 10 of 10 | 0% |
| ROCE | 9.2 | 3.7 | 3 of 10 | 78% |
| ROE | 9.2 | 4.4 | 3 of 10 | 78% |
| Debt / Equity | 0.0 | 0.1 | 1 of 10 | 89% |
| EBITDA margin | 12.3 | 8.9 | 5 of 10 | 56% |
| Revenue growth | 40.1 | 40.1 | 5 of 9 | 50% |
| Profit growth | 92.5 | 55.6 | 2 of 9 | 88% |
| Market cap | 83161 | 4593 | 2 of 10 | 89% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
