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Add PB Fintech Ltd For Target Rs.818 - ICICI Securities Better claims experience: A business moat warranting high multiples Better claims experience serves as a strong business moat for PB Fintech (PB). This, along with the merits of cumulative renewal business and developing a track record of fixed-cost salience, should help sustain high valuation multiples, while increasing monetisation of the channel through the complementary Feet on Street initiative should help earnings growth. We maintain ADD on PB Fintech. Our DCF-based target price stan...
Add PB Fintech Ltd For Target Rs.818 - ICICI Securities
Add PB Fintech Ltd For Target Rs.818 - ICICI Securities
Source: ICICI Securities
1/09/2023 2:39:00 PM
Buy PB Fintech Ltd For Target Rs.980 - JM Financial Institutional Securities Core remains steady; PB Partners on a lower gear PB Fintech reported a healthy 30.9%/52.7% YoY growth in core insurance premium / loan disbursals for the quarter. On overall insurance premium, the company missed JMFe by 12% as there was a strategic toning down of PB Partners business in order to make it more sustainable. Consol. revenue reached INR 6.6bn, -23%/+32% on QoQ/YoY basis considering the seasonality of insurance business in Q4. Simultaneously, adj. EBITDA margin improved by 20bps...
Buy PB Fintech Ltd For Target Rs.980 - JM Financial Institutional Securities
Buy PB Fintech Ltd For Target Rs.980 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
14/08/2023 3:25:36 PM
Add PB Fintech Ltd For Target Rs.818 - ICICI Securities Strong growth outlook in insurance/credit, cost performance stands out in Q1FY24 PB Fintech’s (PBF) Q1FY24 performance continued to track along the expected lines of premium growth, credit disbursement growth, stable contribution margins, range-bound fixed costs and controlled losses in new initiatives. The roadmap remains to become profitable in FY24 and attain ~INR 9bn-10bn in adjusted EBITDA/PAT by FY27. The crux of the business remains an exponential increase in contribution driv...
Add PB Fintech Ltd For Target Rs.818 - ICICI Securities
Add PB Fintech Ltd For Target Rs.818 - ICICI Securities
Source: ICICI Securities
14/08/2023 12:40:01 PM
PB Fintech surges on eyeing to wipe out accumulated losses in next four years PB Fintech is currently trading at Rs. 626.30, up by 15.25 points or 2.50% from its previous closing of Rs. 611.05 on the BSE. The scrip opened at Rs. 615.00 and has touched a high and low of Rs. 646.00 and Rs. 613.65 respectively. So far 109755 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 665.40 on 07-Jun-2023 and a 52 week low of Rs. 356.20 on 17-Nov-2022. Last one week high and low of the scrip stood at Rs...
PB Fintech surges on eyeing to wipe out accumulated losses in next four years
PB Fintech surges on eyeing to wipe out accumulated losses in next four years
Source: Accord Fintech
13/06/2023 12:06:40 PM
Buy PB Fintech Ltd For Target Rs.980 - JM Financial Institutional Securities Strong quarter driven by seasonality and savings investments PB Fintech continued its trend of beating estimates by reporting 42.5%/60.9% topline growth on QoQ/YoY basis with revenue reaching INR 8.7bn, a 15.5% beat on JMFe. Additionally, the company also delivered on its promise of turning adj. EBITDA profitable with 3.2% margin in this quarter, an improvement of 780bps over Q3FY23. Insurance premium growth was at 18% QoQ, primarily led by PB Partners business that grew 68% QoQ. We believ...
Buy PB Fintech Ltd For Target Rs.980 - JM Financial Institutional Securities
Buy PB Fintech Ltd For Target Rs.980 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
7/06/2023 4:30:41 PM
PB Fintech jumps on getting nod to invest upto $5 million in PB Fintech FZ-LLC PB Fintech is currently trading at Rs. 534.65, up by 10.65 points or 2.03% from its previous closing of Rs. 524.00 on the BSE. The scrip opened at Rs. 529.20 and has touched a high and low of Rs. 545.25 and Rs. 511.85 respectively. So far 254741 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 851.25 on 11-Feb-2022 and a 52 week low of Rs. 356.20 on 17-Nov-2022. Last one week high and low of the scrip stood at Rs...
PB Fintech jumps on getting nod to invest upto $5 million in PB Fintech FZ-LLC
PB Fintech jumps on getting nod to invest upto $5 million in PB Fintech FZ-LLC
Source: Accord Fintech
13/02/2023 2:34:42 PM
PB Fintech surges on acquiring 26.72% stake in YKNP Marketing Management PB Fintech is currently trading at Rs. 407.05, up by 4.25 points or 1.06% from its previous closing of Rs. 402.80 on the BSE. The scrip opened at Rs. 399.00 and has touched a high and low of Rs. 420.00 and Rs. 396.80 respectively. So far 196293 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1338.95 on 25-Nov-2021 and a 52 week low of Rs. 356.20 on 17-Nov-2022. Last one week high and low of the scrip stood at Rs...
PB Fintech surges on acquiring 26.72% stake in YKNP Marketing Management
PB Fintech surges on acquiring 26.72% stake in YKNP Marketing Management
Source: Accord Fintech
21/11/2022 11:42:50 AM
Buy PB Fintech Ltd For Target Rs.550 - ICICI Securities Improvement in core business and controlled new business investment reinvigorate profit outlook (unchanged); cut in multiple factor-in any potential regulatory impact PB Fintech’s (PBF) Q2FY23 performance was good on all counts considering that: 1) premium growth has been encouraging (absolute core insurance premiums were >Rs20bn in Q2FY23 vs Rs47bn for FY21); 2) disbursements too have been good in Paisabazaar (PAB) (H1 disbursements at >Rs52bn); 3) take rates increased in the ...
Buy PB Fintech Ltd For Target Rs.550 - ICICI Securities
Buy PB Fintech Ltd For Target Rs.550 - ICICI Securities
Source: ICICI Securities
17/11/2022 3:44:02 PM
Buy PB Fintech Ltd For Target Rs.910 - JM Financial Institutional Securities Margin expansion sustained with breakeven guidance reiterated PB Fintech reported another quarter of strong results with sequential revenue growth of 14% and adj. EBITDA margin expansion by 432 bps. While insurance premium growth was subdued at 5% QoQ, credit disbursals grew sturdily at 26% QoQ. Group revenue reached INR 5,735mn (+105%/14% YoY/QoQ), led by 77%/94% YoY growth in insurance premium / credit disbursals. We understand that online insurance premium was sequentially flat at aroun...
Buy PB Fintech Ltd For Target Rs.910 - JM Financial Institutional Securities
Buy PB Fintech Ltd For Target Rs.910 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
14/11/2022 10:58:08 AM
Buy PB Fintech Ltd For Target Rs.910 -JM Financial Institutional Securities Is downside risk insured post lock-in expiry? Info Edge has continued to hold on to its stake in Zomato despite the mandatory lock-in expiring in July 2022. Another portfolio company of Info Edge, PB Fintech (Policybazaar) will also see its pre-IPO shareholders’ lock-in expire on Nov 15th, 2022. While Info Edge has communicated that they might want to “hold as long as the business has legs to multiply money”, each pre-IPO investor might have their own rationale for holdin...
Buy PB Fintech Ltd For Target Rs.910 -JM Financial Institutional Securities
Buy PB Fintech Ltd For Target Rs.910 -JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
10/10/2022 12:18:06 PM
PB Fintech gains on making investment in Policybazaar Insurance Brokers, Paisabazaar Marketing and Consulting PB Fintech is currently trading at Rs. 512.25, up by 2.60 points or 0.51% from its previous closing of Rs. 509.65 on the BSE. The scrip opened at Rs. 515.00 and has touched a high and low of Rs. 520.00 and Rs. 510.40 respectively. So far 13284 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1470.00 on 17-Nov-2021 and a 52 week low of Rs. 455.00 on 27-Jul-2022. Last one week high and low of the scrip stood at Rs....
PB Fintech gains on making investment in Policybazaar Insurance Brokers, Paisabazaar Marketing and Consulting
PB Fintech gains on making investment in Policybazaar Insurance Brokers, Paisabazaar Marketing and Consulting
Source: Accord Fintech
22/09/2022 12:02:37 PM
PB Fintech trades higher as its arm gets nod to incorporate wholly owned subsidiary PB Fintech is currently trading at Rs. 516.20, up by 4.55 points or 0.89 % from its previous closing of Rs. 511.65 on the BSE. The scrip opened at Rs. 528.50 and has touched a high and low of Rs. 553.95 and Rs. 506.60 respectively. So far 108070 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1470.00 on 17-Nov-2021 and a 52 week low of Rs. 455.00 on 27-Jul-2022. Last one week high and low of the scrip stood at R...
PB Fintech trades higher as its arm gets nod to incorporate wholly owned subsidiary
PB Fintech trades higher as its arm gets nod to incorporate wholly owned subsidiary
Source: Accord Fintech
25/08/2022 3:08:58 PM
Buy PB Fintech Ltd For Target Rs.700 - ICICI Securities Ltd Profitability timeline improving; lower expected growth drives earnings cut PB Fintech (PB) has reported steady Q1FY23 earnings with 12% QoQ growth in total premiums, core contribution margin slightly lower at 45%, broadly pegging new business loss to other income (annual Rs2bn), and also aiming for Paisabazaar to be profitable by Q4FY23. However, growth guidance in core adjusted EBITDA at an annual run-rate of Rs1.5bn for the next 3 years is lower than expected and reflects lower premium ...
Buy PB Fintech Ltd For Target Rs.700 - ICICI Securities Ltd
Buy PB Fintech Ltd For Target Rs.700 - ICICI Securities Ltd
Source: ICICI Securities Ltd
12/08/2022 12:35:36 PM
PB Fintech inches up on making additional investment in MyLoanCare Ventures PB Fintech is currently trading at Rs. 582.05, up by 1.30 points or 0.22% from its previous closing of Rs. 580.75 on the BSE. The scrip opened at Rs. 578.00 and has touched a high and low of Rs. 585.95 and Rs. 575.15 respectively. So far 8497 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1470.00 on 17-Nov-2021 and a 52 week low of Rs. 542.30 on 12-May-2022. Last one week high and low of the scrip stood at Rs. ...
PB Fintech inches up on making additional investment in MyLoanCare Ventures
PB Fintech inches up on making additional investment in MyLoanCare Ventures
Source: Accord Fintech
10/06/2022 10:44:05 AM
PB Fintech tumbles as CEO Yashish Dahiya decides to sell shares PB Fintech slumped 8.18% to Rs 604.50 amid a steep surge in volumes. On the BSE, the counter clocked volume of 1.49 lakh shares as compared to an average volume of 0.38 lakh in the past three month. On the NSE, the counter clocked volume of 55.09 lakh shares as compared to an average volume of 7.12 lakh in the past three month. On a year-to-date (YTD) basis, the stock has declined by 36.35%, underperforming the Sensex 30 index which lost 5.25% in the same period. PB Fintech on Monday (6 Ju...
PB Fintech tumbles as CEO Yashish Dahiya decides to sell shares
PB Fintech tumbles as CEO Yashish Dahiya decides to sell shares
Source: Dion Global Solutions Ltd
7/06/2022 11:58:02 AM
PB Fintech gains on making further investment in Policybazaar Insurance Brokers PB Fintech is currently trading at Rs. 655.15, up by 2.95 points or 0.45% from its previous closing of Rs. 652.20 on the BSE. The scrip opened at Rs. 674.00 and has touched a high and low of Rs. 674.00 and Rs. 645.45 respectively. So far 20533 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1470.00 on 17-Nov-2021 and a 52 week low of Rs. 618.05 on 24-Feb-2022. Last one week high and low of the scrip stood at Rs....
PB Fintech gains on making further investment in Policybazaar Insurance Brokers
PB Fintech gains on making further investment in Policybazaar Insurance Brokers
Source: Accord Fintech
28/04/2022 1:54:17 PM
Update on PB Fintech By Motilal Oswal Moderation in premium growth and disbursements Disbursements grew 14% QoQ; growth run-rate sees a sharp decline v/s earlier quarters PB Fintech released its quarterly update highlighting key business numbers for 4QFY22. The following are the takeaways: Total Insurance premium continues to gain traction, with a growth of 21% QoQ and 70% YoY to INR21.8b in 4QFY22. This is marginally lower compared to 24% QoQ growth in 3QFY22.  With this, the total Insurance premium for FY22 grew 46% t...
Update on PB Fintech By Motilal Oswal
Update on PB Fintech By Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
12/04/2022 4:22:29 PM
Buy PB Fintech For Target Rs.980 - JM Financial Markets overly cautious on the bellwether of Indian Insurance Since making a high of INR 1,470, PB Fintech (POLICYBZ) stock price has corrected ~55% despite the company reporting 44% YoY 9MFY22 revenue growth and announcing a gamechanging partnership with Life Insurance Corporation of India (LIC). We understand this has largely been due to market apprehensions with regards to the realistically available addressable market, competitive intensity and potential platform benefits (or lack ther...
Buy PB Fintech For Target Rs.980 - JM Financial
Buy PB Fintech For Target Rs.980 - JM Financial
Source: JM Financial Services Ltd
12/03/2022 10:22:44 AM
With $5.94 bn, India led Asia-Pacific in fintech investments in 2021 India extended its lead in the fintech investments in the Asia-Pacific region with $5.94 billion raised across 236 deals in 2021, a new report showed on Monday. The country also attracted the most funding in 2020, with $1.50 billion raised across 118 deals. According to the 'APAC Fintech Funding Report' published by S&P Global Market Intelligence, venture capital investments in Asia-Pacific-based fintechs surged to a record high of $15.69 billion in 2021, more than double th...
With $5.94 bn, India led Asia-Pacific in fintech investments in 2021
With $5.94 bn, India led Asia-Pacific in fintech investments in 2021
Source: IANS
7/02/2022 7:02:35 PM
PB Fintech surges as its arm acquires 98.40% stake in Visit Internet Services PB Fintech is currently trading at Rs. 958.40, up by 16.80 points or 1.78% from its previous closing of Rs. 941.60 on the BSE. The scrip opened at Rs. 945.00 and has touched a high and low of Rs. 961.00 and Rs. 943.00 respectively. So far 10760 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1470.00 on 17-Nov-2021 and a 52 week low of Rs. 857.05 on 11-Jan-2022. Last one week high and low of the scrip stood at Rs...
PB Fintech surges as its arm acquires 98.40% stake in Visit Internet Services
PB Fintech surges as its arm acquires 98.40% stake in Visit Internet Services
Source: Accord Fintech
17/01/2022 10:30:01 AM
Fintech platform Refyne raises $82 mn to simplify personal finance Fintech platform Refyne on Wednesday said it has raised $82 million in its Series B funding led by Tiger Global. The platform enables employees to withdraw their earned salary in real time before the payment is due, thus reducing debt traps by providing instant access to earned salary. The Earned Wage Access (EWA) solution provider said the since its inception (December 2020), it has raised a total of $106 million. Earned Wage Access provides access to a portion of their accrued (but...
Fintech platform Refyne raises $82 mn to simplify personal finance
Fintech platform Refyne raises $82 mn to simplify personal finance
Source: IANS
12/01/2022 12:35:15 PM
Hold PB Fintech For Target Rs.1,270 - JM Financial Services Policybazaar is the dominant market leader in a large and growing industry with strong tailwinds such as increasing digital penetration, rising disposable income and insurance awareness. The company garnered 93.4% market share in FY20 among online insurance distributors and also remains ideally positioned to leverage its brand presence and insurer coverage to rapidly penetrate physical insurance distribution. We postulate that the company should continue deepening scale moats in light of new-...
Hold PB Fintech For Target Rs.1,270 - JM Financial Services
Hold PB Fintech For Target Rs.1,270 - JM Financial Services
Source: JM Financial Services Ltd
16/11/2021 4:41:37 PM
Listing day: Stocks of PB Fintech gain over 22% on debut  The stocks of PB Fintech, which owns brands like Policybazaar and Paisabazaar, gained over 22 per cent on the listing day of its shares. The stock on Monday gained 22.7 per cent or Rs 222.90 to Rs 1,202.90 from its offer price on the BSE. The stock had an issue price of Rs 940-980. Initially, the stock was listed with gains of 17.35 per cent. It touched an intra-day high of Rs 1,249 and an intra-day low of Rs 1,145. It touched a market capitalisation of Rs 54,070.33 crore. P...
Listing day: Stocks of PB Fintech gain over 22% on debut
Listing day: Stocks of PB Fintech gain over 22% on debut
Source: IANS
16/11/2021 9:49:17 AM
PB Fintech Ltd. debuts with 17.34% premium at Rs 1,150.00 PB Fintech Ltd. makes a strong debut on the bourses with scrip got listed at Rs 1,150.00 on the Bombay Stock Exchange, a 17.34 per cent premium to its issue price of Rs 980.00. On the National Stock Exchange, the stock was listed at Rs 1,150.00. The company, which raised 5.74 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 573.98 lakhs shares. The company, listed under B Group Securities post its IPO, opened for subscr...
PB Fintech Ltd. debuts with 17.34% premium at Rs 1,150.00
PB Fintech Ltd. debuts with 17.34% premium at Rs 1,150.00
Source: Dion Global Solutions Ltd
15/11/2021 5:17:29 PM
SoftBank-backed Policybazaar lists at 17% premium in India market debut BENGALURU - Shares of PB Fintech Ltd, the SoftBank-backed parent of online insurance aggregator Policybazaar, opened on Monday at a premium of more than 17% to the IPO price. PB Fintech shares debuted at 1,150 rupees in pre-open trade, compared with the offer price of 980 rupees, after the IPO was oversubscribed nearly 17 times.
SoftBank-backed Policybazaar lists at 17% premium in India market debut
SoftBank-backed Policybazaar lists at 17% premium in India market debut
Source: Reuters
15/11/2021 10:43:27 AM
IPO Note - PB Fintech Ltd By Motilal Oswal India’s largest digital insurance: Policybazaar – the flagship platform –is India’s largest digital insurance marketplace, with FY20 market share of 93.4%, based on the number of policies sold through online insurance distribution platforms. It has partnered with ~48 insurers, and ~51.1m consumers have registered on its platform. It has sold ~20.7m policies on its platform and has ~10m unique transacting customers. India’s largest credit marketplace: Paisabaza...
IPO Note - PB Fintech Ltd By Motilal Oswal
IPO Note - PB Fintech Ltd By Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
2/11/2021 3:01:27 PM
IPO Review - PB Fintech Ltd By ICICI Direct Play on digital distribution in insurance market… PB Fintech is the leading online platform for insurance & lending products thereby providing access to insurance, credit and other financial products. It is India’s largest online platform for insurance (PolicyBazaar) and lending (Paisabazaar) products leveraging the power of technology, data and innovation.  PolicyBazaar was India's largest digital insurance marketplace with a 93.4% market share  Paisabazaar was Indi...
IPO Review - PB Fintech Ltd By ICICI Direct
IPO Review - PB Fintech Ltd By ICICI Direct
Source: ICICI Direct
1/11/2021 12:25:04 PM
Quote on PB Fintech Limited IPO NEUTRAL Rating By Mr. Amarjeet Maurya, Angel One Ltd Below is quote on PB Fintech Limited - IPO - NEUTRAL Rating By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel One Ltd PB Fintech 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. The Company has two business segments (1) Policybazaar & (2) Paisabazaar....
Quote on PB Fintech Limited IPO NEUTRAL Rating By Mr. Amarjeet Maurya, Angel One Ltd
Quote on PB Fintech Limited IPO NEUTRAL Rating By Mr. Amarjeet Maurya, Angel One Ltd
Source: Angel One Ltd
29/10/2021 11:32:29 AM
IPO Note - PB Fintech Ltd By Choice Broking Salient features of the IPO: PB Fintech Ltd. (PBFL), which operates online insurance marketplace “Policybazaar” and credit comparison portal “Paisabazaar” is coming up with an IPO to raise around Rs. 5,710cr, which opens on 1st Nov. and closes on 3rd Nov. 2021. The price band is Rs. 940 - 980 per share. * The issue is a combination of fresh and OFS. The company will not receive any proceeds from the OFS part of the issue. Of the net proceeds from the fresh issue,...
IPO Note - PB Fintech Ltd By Choice Broking
IPO Note - PB Fintech Ltd By Choice Broking
Source: Choice Broking
29/10/2021 11:25:16 AM