POLICY BAZAARPB Fintech LimitedNSE:POLICYBZRTechnicalAnalystSucritPB Fintech Ltd. (currently trading at ₹1086) operates India’s largest digital insurance marketplace through its flagship brand Policybazaar, and a leading credit comparison platform via Paisabazaar. Founded in 2008 and headquartered in Gurgaon, the company enables users to compare, purchase, and manage insurance and financial products online. It has tie-ups with over 50 insurers and processes nearly 25% of India’s retail life insurance and 7% of health insurance digitally. PB Fintech Ltd. – FY22–FY25 Snapshot • Sales – ₹1,553 Cr → ₹2,558 Cr → ₹3,438 Cr → ₹4,120 Cr Growth driven by insurance broking license • Net Profit – ₹-341 Cr → ₹-187 Cr → ₹64 Cr → ₹210 Cr Profitability turnaround post operating leverage and cost control • Operating Performance – Weak → Moderate → Strong → Strong Margin expansion from tech-led efficiency • Dividend Yield (%) – 0.00% → 0.00% → 0.00% → 0.00% No payouts; reinvestment-focused strategy • Equity Capital – ₹44.00 Cr (constant) No dilution; lean capital structure • Total Debt – ₹0 Cr (debt-free) Fully equity-financed operations • Fixed Assets – ₹320 Cr → ₹340 Cr → ₹360 Cr → ₹385 Cr Capex focused on tech stack, offline centers, and data infrastructure Institutional Interest & Ownership Trends Promoter holding is nil; PB Fintech is professionally managed. FIIs and DIIs have increased exposure post profitability turnaround and digital insurance tailwinds. Delivery volumes reflect long-term accumulation by fintech, insurance, and digital consumption-focused funds. Business Growth Verdict PB Fintech is scaling across digital insurance, credit comparison, and offline broking. Margins improving due to operating leverage and tech automation. Debt-free structure supports flexibility and reinvestment. Capex supports long-term competitiveness and omnichannel reach. Management Con Call Management highlighted strong growth in offline centers, now over 100 across India, contributing 25% of new business. Renewals and cross-sell metrics improving, with 90% of health insurance renewals completed digitally. Paisabazaar continues to scale with co-lending partnerships and embedded finance integrations. FY26 outlook includes 20–25% revenue growth and margin expansion, with PAT expected to cross ₹300 Cr as renewal income compounds. Final Investment Verdict PB Fintech Ltd. offers a high-growth fintech story built on digital infrastructure, insurance aggregation, and consumer trust. Its improving profitability, debt-free balance sheet, and omnichannel strategy make it suitable for accumulation by investors seeking exposure to India’s digital financial services and insurtech evolution. The company’s renewal income, embedded finance partnerships, and offline scale-up provide durable monetization levers.