PB Fintech Ltd - Stock Valuation and Financial Performance

BSE: 543390 | NSE: POLICYBZR | Fintech | Mid Cap

PB Fintech Share Price

1,263.60 -69.50 -5.21%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on PB Fintech

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

PB Fintech stock performance -

mw4me loader
P/E Ratio (SA):
710.03
Market Cap:
57,014.1 Cr.
52-wk low:
567.5
52-wk high:
1,400

Is PB Fintech Ltd an attractive stock to invest in?

1. Is PB Fintech Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that PB Fintech Ltd is a below average quality company.

2. Is PB Fintech Ltd undervalued or overvalued?

The key valuation ratios of PB Fintech Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is PB Fintech Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of PB Fintech Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of PB Fintech:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
PB Fintech Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -36.5%-85.1%-32.8%15.8%-9.1%-4.1%-2.4%0.8%-6.1%-1%-
Value Creation
Index
-4.2-8.6-3.90.4-1.8-1.4-1.2-0.9-1.5-1.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 31.729.350.110579.25061.1123103134119
Sales YoY Gr.--7.6%71.3%109.1%-24.5%-36.9%22.3%102%-16.4%30%-
Adj EPS -1.9-6.9-8.46.9-6.9-4-3.91.6-6.7-1.61.8
YoY Gr.-NANANA-199.6%NANANA-506.7%NA-
BVPS (₹) 4.810.135.245.597.190.9203.6244.3143145.7168.8
Adj Net
Profit
-13-61.6-75.262.4-62.2-38.2-37.418.7-300-72.880
Cash Flow from Ops. -12.8-126-55.787.4-57.2-199-11170.8-56.7-5-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 17.4%11.1%30%30%
Adj EPS NANANANA
BVPS46.2%8.5%-10.6%1.9%
Share Price - - - 116.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-36.5-85.1-32.815.8-9.1-4.1-2.50.8-6.1-11.1
Op. Profit
Mgn %
-42.7-230.6-149.729-54.3-79-46.1-16.4-396.7-196.9-136.8
Net Profit
Mgn %
-41.1-210.5-15059.5-78.6-76.5-61.215.1-290.4-54.267.3
Debt to
Equity
0000000000-
Working Cap
Days
1763473371902605905472542,3975,7815,729
Cash Conv.
Cycle
568595-87-272224202635,696

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 1.10%

Sales growth is growing at healthy rate in last 3 years 29.96%

Sales growth is not so good in last 4 quarters at -1.78%

Latest Financials - PB Fintech Ltd.

Standalone Consolidated
TTM EPS (₹) 1.8 -0.1
TTM Sales (₹ Cr.) 119 3,217
BVPS (₹.) 168.8 126
Reserves (₹ Cr.) 7,525 5,594
P/BV 7.49 10.03
PE 710.03 0.00
From the Market
52 Week Low / High (₹) 567.50 / 1400.00
All Time Low / High (₹) 356.20 / 1470.00
Market Cap (₹ Cr.) 57,014
Equity (₹ Cr.) 90.2
Face Value (₹) 2
Industry PE 282.3

Management X-Ray of PB Fintech:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of PB Fintech

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales322950105795061123103134
Operating Expenses 4597146741228989144513400
Manufacturing Costs1100000101
Material Costs0000000000
Employee Cost 15353421313376130484382
Other Costs 296011153925613132918
Operating Profit -14-67-9630-43-39-28-20-409-266
Operating Profit Margin (%) -42.7%-230.0%-191.0%29.0%-54.3%-79.0%-46.1%-16.4%-396.0%-198.0%
Other Income 17192325348756114197
Interest 0000001211
Depreciation 1121319444
Exceptional Items 000000-29-200
Profit Before Tax -13-62-7952-21-61927-300-74
Tax 000-2626998-10
Profit After Tax -13-62-7977-47-161019-300-74
PAT Margin (%) -40.9%-210.0%-158.0%73.9%-59.0%-31.7%15.9%15.4%-290.0%-55.3%
Adjusted EPS (₹)-1.9-6.9-8.88.6-5.2-1.71.01.7-6.7-1.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 33913184108778641,9352,7866,4296,558
Share Capital 001111119090
Reserves 33903174098768631,9342,7856,3396,468
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables41814554023394
Others Liabilities 326321142102125217494825
Total Liabilities 401353644769599682,0643,0076,9327,387

Fixed Assets

Gross Block6101557511242323
Accumulated Depreciation469363881115
Net Fixed Assets136322316118
CWIP 0000000000
Investments 19362763948856599141,1462,4163,903
Inventories0000000000
Trade Receivables714273028481261
Cash Equivalents 3572923162021,0681,7513,243489
Others Assets92627262910170811,2562,987
Total Assets 401353644769599682,0643,0076,9327,387

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -13-126-5687-57-199-11171-57-5
PBT -13-62-7952-21-61930-300-74
Adjustment 3115-19-1511-2633336150
Changes in Working Capital -3-82558-29-206-9814-86-76
Tax Paid 123-482-6-6-7-4
Cash Flow From Investing Activity 5-13-248-78-463231-170-1,283-3,748-180
Capex 0-4-50-2-1-1000
Net Investments 80-19266-441575171-1,093-2,9521,031
Others -2-9-51-144-20-343-340-190-797-1,211
Cash Flow From Financing Activity 8140315051301,0507763,642-3
Net Proceeds from Shares 8140315051301,05903,6450
Net Proceeds from Borrowing 0000000000
Interest Paid 000000-1-1-1-1
Dividend Paid 0000000000
Others 000000-8777-2-3
Net Cash Flow 02119-732769-436-163-188
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-36.6-100.1-39.0121.33-7.27-1.820.70.81-6.5-1.14
ROCE (%)-36.29-85.05-34.6513.15-3.11-0.681.361.19-6.08-1.03
Asset Turnover Ratio0.760.330.20.250.110.050.040.050.020.02
PAT to CFO Conversion(x)N/AN/AN/A1.13N/AN/A-11.13.74N/AN/A
Working Capital Days
Receivable Days88131147991331163629319
Inventory Days0000000000
Payable Days0000000000

PB Fintech Ltd Stock News

PB Fintech Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of PB Fintech on 12-Apr-2024 16:59 is ₹1,263.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of PB Fintech stood at ₹57,014.1.
The latest P/E ratio of PB Fintech as of 12-Apr-2024 16:59 is 710.0.
The latest P/B ratio of PB Fintech as of 12-Apr-2024 16:59 is 7.49.
The 52-week high of PB Fintech is ₹1,400 and the 52-week low is ₹567.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PB Fintech is ₹119.4 ( Cr.) .

About PB Fintech Ltd

PB Fintech has built India’s largest online platform for insurance and lending products leveraging the power of technology, data and innovation. It provides convenient access to insurance, credit and other financial products and aim to create awareness amongst Indian households about the financial impact of death, disease and damage. Through its consumer-centric approach, it seek to enable online research-based purchases of insurance and lending products and increase transparency, which enables consumers to make informed choices. It also facilitate its Insurer and Lending Partners in the financial services industry to innovate and design customised products for Consumers leveraging its extensive data insights and data analytics capabilities. The company launched Policybazaar, its flagship platform, in 2008 to respond to Consumers’ need for more awareness, choice and transparency and create a consumer-pull based, provider-neutral model for insurance distribution.

The company primarily generate revenues from the following sources: (i) for its Policybazaar business, from insurance commission that it receive from its Insurer Partners, and additional services that it provide to Insurer Partners such as telemarketing and other services relating to sales and post-sales services, account management, premium collection and various other services, (ii) for its Paisabazaar business, from the commission that it receive from its Lending Partners, credit advisory and related services that it provide to its Consumers or Lending Partners, and marketing services that it provide to financial services partners and other third parties, and (iii) for the Company, from providing online marketing, consulting and technology services to Insurer and Lending Partners.

The company’s Policybazaar platform is an online platform for Consumers and Insurer Partners to, respectively, buy and sell core insurance products. As of September 30, 2021, 48 Insurer Partners have offered over 390 term, health, motor, home and travel insurance products on its Policybazaar platform, representing a substantial portion of all licensed insurance companies in India. Policybazaar offers Consumers an information-rich, user-friendly, and tech-driven self-service platform for i) pre-purchase research, ii) purchase, including application, inspection, medical check-up and payment; and iii) post-purchase policy management, including claims facilitation, renewals, cancellations and refunds.

Business area of the company

The company is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.

Awards and Accreditations:

Paisabazaar

  • 2017: ‘Best Digital Platform for Credit Cards’ at the Economic Times cards and Payment Summit
  • 2017: ‘Best Customer Experience Innovation in Fintech’ by Moneytech Awards.
  • 2017: ‘Startup of the Year’ by Moneytech Awards.
  • 2018: Economic Times’ Most Promising Brand.
  • 2018: ‘Best Fintech Startup 2018’ at the Drivers of Digital Awards.
  • 2019: ‘Most Innovative Lending Startup’ by India Fintech Forum.
  • 2021: Outstanding Crisis Finance Innovation 2021 (Asia Pacific) Award by Global Finance Magazine.
  • 2021: Payment and Fintech Award for Excellence in Consumer Lending at the India Digital Awards, organized by the Internet and Mobile Association of India.
  • 2021: Digital Lending Award at the Fintech India Innovation Awards.

Policybazaar

  • 2018: ‘Best Fintech Marketing Campaign’ award by the ‘India Fintech Forum’ at the India FinTech Awards (IFTA) 2018.
  • 2018: ‘Ecomonic Times Best Brands - Insuretech’ award by Economic Times.
  • 2019: Certification for ‘Great Place to Work’ received by Policybazaar.
  • 2019: ‘Insurtech of the Year’ award at the 23rd Asia Insurance Industry Awards.
  • 2020: ‘FE Best Banks’ award in the Fintech category by Financial Express.
  • 2021: ‘Communications Team of the year’ award at the Kaleido Awards
  • 2021: ‘Best Insurtech of the year’ award at the Business Leader of the Year awards presented by World Leadership Congress and Awards.

Milestone:

  • 2008: Incorporation of the Company.
  • 2008: Investment of $ 4 million by Info Edge in the Company.
  • 2010: Commencement of health insurance related activities.
  • 2012: Registration of one of the subsidiaries of the Company as an insurance web aggregator with the IRDAI.
  • 2015: Registration of Paisabazaar as a investment adviser with SEB
  • 2018: Built an in-house actuarial analytics team in respect of retail customer sales.
  • 2018: Reached the $1 billion valuation mark with Series F investment.
  • 2018: Commencement of operations in the United Arab Emirates by PFFL.
  • 2021: Registration of Policybazaar as an insurance broker with IRDAI.
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