StrengthTalking point
Profit outpacing revenue
Profit grew 89.8% while revenue grew 36.5%, so the company kept more of each rupee of revenue as profit.
Importance 72 / 95 · growth
PB Fintech Limited · Research view
PB Fintech Limited
NSE: POLICYBZRBSE: 543390ISIN INE417T01026Face value ₹2consolidated
₹983
−7.69% · 2026-10-01 · 52-wk ₹983–₹1,957
Financials to FY2026 · 5 years of history · prices to 2026-10-01consolidatedstandalone
Section 02 · Synthesis
What stands out?
The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.
StrengthConcernWatchContext
WatchTalking point
Volatile earnings
Profit has swung sharply over 4 years (from ₹-833 to ₹670) — one year is a weak guide to the earnings power.
Importance 63 / 95 · growth
WatchTalking point
Growing, but light on cash
Revenue grew 36.5% but only 0.06× of reported profit came through as operating cash.
Importance 62 / 95 · cash quality
ConcernTalking point
Weak cash conversion
Operating cash flow was only 0.06× reported profit (FY2026).
Importance 60 / 95 · cash quality
Section 03 · The company
Who is this company?
Classified by the exchange under Financial Services › Financial Services › Financial Technology (Fintech) › Financial Technology (Fintech).
- Market cap
- ₹45,483 cr
- FY2026 revenue
- ₹6,794 cr
- FY2026 net profit
- ₹670 cr
- Net worth
- ₹7,318 cr
- Total debt
- ₹0 crnet cash
- EPS (basic)
- ₹14.58
- Listed
- NSE · BSE
- Reporting
- Ind-ASApr–Mar
Peer set used on this page: 2 financial technology (fintech).
Section 04 · Business performance
Is the business growing?
RevenueNet profit
Strength
Profit grew 89.8% while revenue grew 36.5%, so the company kept more of each rupee of revenue as profit.
Rule PROFIT_FASTER_THAN_REVENUE
- Revenue growth per year
- +47.8%over 4 years
- Revenue growth
- +36.5%vs last year
- Net profit growth
- +89.8%vs last year
- Change in net profit since FY22
- +180%
Profit has swung sharply over 4 years (from ₹-833 to ₹670) — one year is a weak guide to the earnings power.
Revenue compounded at 47.8% a year over 4 years (₹1,425 → ₹6,794) — though FY2023 saw a one-off step-change of 80% (a merger, restructuring or a recovery off a low base), so the compounding is uneven.
Net profit grew 89.8% year on year (FY2025 → FY2026).
Revenue grew 36.5% year on year (FY2025 → FY2026).
Section 05 · Recent activity
What changed recently?
Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.
Strength
Q1 FY27 net profit was ₹163 cr, up 92.5% from ₹85 cr a year earlier.
Rule QTR_PROFIT_GROWTH_YOY
Strength
Q1 FY27 revenue was ₹1,888 cr, up 40.1% from ₹1,348 cr in Q1 FY26 a year earlier.
Rule QTR_REVENUE_GROWTH_YOY
Strength
Q1 FY27 EBIT was ₹192 cr, up 92.8% from ₹100 cr a year earlier.
Rule QTR_OPERATING_PERFORMANCE_CHANGE_YOY
A. Quarterly results
RevenueNet profit
| Quarter | Revenue | YoY | Net profit | YoY | Net margin |
|---|---|---|---|---|---|
| Q2 FY25 | 1,167 | — | 51 | — | 4.4% |
| Q3 FY25 | 1,292 | +48.3% | 72 | +92.2% | 5.5% |
| Q4 FY25 | 1,508 | +38.4% | 171 | +183.5% | 11.3% |
| Q1 FY26 | 1,348 | +33.4% | 85 | +41.1% | 6.3% |
| Q2 FY26 | 1,614 | +38.2% | 135 | +164.6% | 8.4% |
| Q3 FY26 | 1,771 | +37.1% | 189 | +164.8% | 10.7% |
| Q4 FY26 | 2,061 | +36.7% | 261 | +53.0% | 12.7% |
| Q1 FY27 | 1,888 | +40.1% | 163 | +92.5% | 8.6% |
B. TTM snapshot
Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters
- Revenue
- ₹7,334 crTTM
- EBITDA
- ₹981 crTTM
- EBIT
- ₹838 crTTM
- PBT
- ₹799 crTTM
- Net profit
- ₹748 crTTM
C. Corporate actions
No verified corporate actions on record for this company.
Section 06 · Business performance
Is it becoming more profitable?
EBITDA marginNet margin
Strength
ROE of 9.7% is the highest in 4 years (prior range -15.4% to 5.7%).
Rule ROE_AT_MULTI_YEAR_HIGH
- EBITDA margin now
- 13.0%
- 5-year range
- -54.5–13.0%
- ROE FY2026
- 9.7%
- ROCE FY2026
- 10.8%
EBITDA margin of 13.0% is the widest in 4 years (prior range -54.5% to 10.1%).
ROE of 9.7% is well above the financial technology fintech median of 6.7%.
ROE improved from 5.7% to 9.7% year on year.
EBITDA margin improved from 10.1% to 13.0% of revenue.
Section 07 · Financial health
Is financial health improving?
Net worth (shareholders' funds)
Watch
Revenue grew 36.5% but only 0.06× of reported profit came through as operating cash.
Rule GROWTH_WITH_WEAK_CASH
Operating cash flowNet profit
- Total debt
- ₹0 crnet cash
- Operating cash flow ÷ net profit
- 0.06×FY2026
- Free cash flow
- ₹−36 cr
- Current ratio
- 4.41×
Operating cash flow was only 0.06× reported profit (FY2026).
Section 08 · Relative position
How does it compare with peers?
Ranked against 2 financial technology (fintech) (FY2026, consolidated).
Not enough peers in this set report the underlying metrics yet for a ranking.
Context
Trades at 60.78× earnings — 46% below the financial technology fintech median of 112.47×.
Rule PE_BELOW_PEERS
- P / E
- 60.8×TTM to Jun 26
- P / B
- 6.2×latest book
- P / S
- 6.2×TTM sales
- Earnings yield
- 1.6%TTM to Jun 26
On the trailing twelve months. Last full year: P/E 67.9× · P/S 6.3× · ROE 9.7%.
Section 09 · The stock
How has the stock performed?
Long-term price performance is shown above.
- 1-year return
- −41.3%
- 3-year return
- +28.5%
- 5-year return
- —
- From 52-wk high
- −49.8%
Section 10 · Technical data
What does the technical data say?
Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.
- vs 50-day avg
- Below₹1,661
- vs 200-day avg
- Below₹1,630
- RSI (14)
- 19.9oversold
- MACD histogram
- -90.0
- From 52-wk high
- −49.8%
- From 52-wk low
- 0.0%
- 30-day volatility
- 133.4%ann.
- 6-month return
- −31.2%
Section 11 · Open questions
What should I investigate further?
Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.
- WatchVolatile earningsProfit has swung sharply over 4 years (from ₹-833 to ₹670) — one year is a weak guide to the earnings power.EARNINGS_VOLATILE · conviction 63
- WatchGrowing, but light on cashRevenue grew 36.5% but only 0.06× of reported profit came through as operating cash.GROWTH_WITH_WEAK_CASH · conviction 62
- ConcernWeak cash conversionOperating cash flow was only 0.06× reported profit (FY2026).WEAK_CASH_CONVERSION · conviction 60
- WatchReceivables stretchingReceivable days rose from 73 to 93 — collections are slower.RECEIVABLE_DAYS_JUMP · conviction 50
- WatchUnusual tax rateEffective tax rate of 5.3% (FY2026) is well below the ~25% corporate norm — a one-off tax item may be flattering or depressing reported profit.EFFECTIVE_TAX_UNUSUAL · conviction 41
Data coverage is complete — 5 years of financials (FY2022–FY2026), full P&L, balance sheet and cash-flow statement, sector metrics fully mapped.
Section 12 · Reference
The numbers
The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,425 | 2,558 | 3,438 | 4,977 | 6,794 |
| Total income | 1,550 | 2,817 | 3,818 | 5,385 | 7,166 |
| EBITDA | −777 | −403 | 194 | 501 | 882 |
| Profit before tax | −833 | −488 | 79 | 387 | 709 |
| Net profit | −833 | −488 | 64 | 353 | 670 |
| EPS (₹) | −20.3 | −11.0 | 1.5 | 7.8 | 14.6 |
| Net worth | 5,412 | 5,485 | 5,876 | 6,438 | 7,318 |
| Total debt | 0 | 0 | 0 | 0 | 0 |
| Operating cash flow | −1,568 | −299 | 9 | −183 | 41 |
| Free cash flow | −1,599 | −357 | −55 | −280 | −36 |
| Ratio | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth YoY | — | 79.5 | 34.4 | 44.8 | 36.5 |
| Profit growth YoY | — | — | — | 448.3 | 89.8 |
| Profitability | |||||
| EBITDA margin % | -54.5 | -15.7 | 5.7 | 10.1 | 13.0 |
| Net margin % | -53.7 | -17.3 | 1.7 | 6.6 | 9.4 |
| Return on equity % | -15.4 | -9.0 | 1.1 | 5.7 | 9.7 |
| Return on capital % | -15.1 | -8.6 | 1.9 | 6.2 | 10.8 |
| Leverage & cash | |||||
| Debt to equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash flow ÷ profit | — | — | 0.13 | -0.52 | 0.06 |
| Current ratio | 16.51 | 7.48 | 8.00 | 5.13 | 4.41 |