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Online insurance & credit marketplace Historical case study · data as of 17 Jul 2026 · published 21 Oct 2026 (96 days later)

PB Fintech — 100-point case study

How PB Fintech looked on 50 technical and 50 fundamental measures on 17 Jul 2026 — and what happened over the next three months. Education only; not a current view.

Codes	NSE: POLICYBZR · BSE: 543390
Close on 17 Jul 2026	₹1,574.00
Market cap then	₹72,837 crore
Valuation	P/E 108.7× · P/B 9.96×
Momentum	RSI (14) 46 · 1-year return -12.1%
Next 3 months	-34.2% vs Nifty 50 -5.9% (to 19 Oct 2026)

Scorecard

Technical — 50 points

5 bullish · 28 neutral · 0 caution · 16 bearish — the picture leaned negative.

Fundamental — 50 points

13 bullish · 28 neutral · 6 caution · 2 bearish — the picture leaned positive.

Price chart

Close (to snapshot) Close (after) 50-day avg 200-day avg Support Resistance

Data note: On 24 Sep 2026, after IRDAI proposed caps on insurance distributor commissions, the stock fell about 36% in one session (a real market move, not a split or bonus; checked against news reports). It fell about 43% over four sessions.

Technical analysis — 50 points

Calculated by code from daily prices up to 17 Jul 2026. Standard formulas (RSI, MACD, ADX use Wilder smoothing).

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Trend

#	Point	Reading	Tag	Commentary
1	Short-term trend (20 days)	slope -0.28%/day	Bearish	Over the last 20 sessions the regression line of closing prices was falling about 0.28% a day — a short-term downtrend. Bullish slope above +0.10% a day (short-term uptrend) · Bearish slope below –0.10% a day (short-term downtrend) · Neutral between the two: a flat, sideways phase.
2	Medium-term trend (~5 months)	3M return +1.5%	Bullish	The 100-session trend line was up (+0.12%/day) and the stock was +1.5% over three months, so the medium-term picture was bullish. Bullish slope above +0.05% a day · Bearish slope below –0.05% a day · Neutral in between.
3	Long-term trend (1 year)	1Y return -12.1%	Bearish	Compared with a year earlier the price was -12.1%. A weak year for the stock. Bullish up more than 10% in a year · Bearish down more than 10% in a year · Neutral between –10% and +10%.
4	Weekly chart trend	10W 1,626.26 / 30W 1,599.76	Neutral	On the weekly chart the stock showed a weekly close tangled between the 10-week and 30-week averages. Bullish weekly close above the 10-week average, which is above the 30-week · Bearish weekly close below the 10-week average, which is below the 30-week · Neutral when they are tangled.
5	Swing structure (highs/lows)	last highs 1,711.30→1,705.00; lows 1,478.30→1,545.50	Neutral	The two most recent swing points showed a lower high but a higher low — mixed structure. Bullish higher highs and higher lows (uptrend structure) · Bearish lower highs and lower lows (downtrend structure) · Neutral when one is higher and the other lower.
6	ADX (14) — trend strength	12.1	Neutral	ADX at 12.1 signals a weak or absent trend (below 20) — range-bound conditions. ADX measures strength only, not direction. Bullish ADX 20 or more with +DI above –DI (a real trend, pointing up) · Bearish ADX 20 or more with –DI above +DI (a real trend, pointing down) · Neutral below 20: no clear trend. 20–30 is a moderate trend, above 30 a strong one.
7	+DI vs –DI	+DI 17.8 / –DI 20.3	Bearish	–DI was above +DI: sellers had the upper hand in directional movement. Bullish +DI above –DI · Bearish –DI above +DI · No neutral zone for this point.

B. Moving averages

#	Point	Reading	Tag	Commentary
8	Price vs 20-day SMA	1,610.01 (-2.2%)	Bearish	Close of 1,574.00 was 2.2% below the 20-day SMA — the short-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
9	Price vs 50-day SMA	1,635.98 (-3.8%)	Bearish	Close of 1,574.00 was 3.8% below the 50-day SMA — the medium-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
10	Price vs 200-day SMA	1,659.61 (-5.2%)	Bearish	Close of 1,574.00 was 5.2% below the 200-day SMA — the long-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
11	9 / 21 EMA crossover	9E 1,585.09 / 21E 1,598.50	Bearish	The 9-day EMA was below the 21-day EMA; the last crossover happened on 06 Jul 2026. Bullish 9-day above 21-day · Bearish 9-day below 21-day · No neutral zone.
12	Golden / death cross (50 vs 200)	no cross in data window	Bearish	The 50-day average was 1.4% below the 200-day. No 50/200 crossover occurred in the data window. Bullish 50-day above 200-day (after a “golden cross”) · Bearish 50-day below 200-day (after a “death cross”) · No neutral zone.
13	50-day SMA slope	+0.2% in 20 sessions	Neutral	The 50-day average rose 0.2% over the past month — flattening. Bullish rose more than 0.5% · Bearish fell more than 0.5% · Neutral in between: flattening.
14	MA ribbon alignment	1,610 / 1,636 / 1,580 / 1,660	Neutral	The 20/50/100/200-day averages were tangled — no clean order, typical of a transition or range. Bullish neatly stacked 20 > 50 > 100 > 200 · Bearish neatly stacked 20 < 50 < 100 < 200 · Neutral when tangled (a transition or range).
15	Monthly anchored VWAP	1,587.80 (-0.9%)	Bearish	Anchored to the start of July, the volume-weighted average price was 1,587.80; the close was below it — buyers that month were on average under water. Bullish close above VWAP (that month’s buyers on average in profit) · Bearish close below VWAP · No neutral zone.

C. Momentum

#	Point	Reading	Tag	Commentary
16	RSI (14)	45.9	Neutral	RSI at 45.9 was in the neutral 45–55 zone. Bullish RSI 55–70 (positive momentum, not stretched) · Bearish RSI 30–45 (soft momentum) · Neutral 45–55. Caution at 70 or above (overbought) or 30 or below (oversold).
17	RSI divergence (last 40 days)	none	Neutral	Comparing the last 20 sessions with the 20 before: no divergence — RSI moved in line with price. Bullish bullish divergence: price made a lower low but RSI a higher low · Caution for a bearish divergence (price higher high, RSI lower high). Neutral when RSI moved in line with price.
18	MACD line vs signal	MACD -13.09 / signal -10.21	Bearish	MACD was below its signal line — momentum turning or staying negative. Bullish MACD above signal · Bearish MACD below signal · No neutral zone.
19	MACD histogram (5-day change)	-3.58 → -2.89	Bullish	The histogram rose over the last five sessions, meaning momentum was improving. Bullish histogram rising (momentum improving) · Bearish histogram falling (momentum weakening) · No neutral zone.
20	MACD vs zero line	-13.09	Bearish	MACD below zero means the 12-day EMA was below the 26-day EMA — a negative momentum regime. Bullish MACD above zero · Bearish MACD below zero · No neutral zone.
21	Stochastic (14,3,3)	%K 25.8 / %D 25.7	Bullish	Slow stochastic at 25.8 was mid-range with %K above %D. Bullish between 20 and 80 with %K above %D · Bearish between 20 and 80 with %K below %D · Caution above 80 (overbought) or below 20 (oversold).
22	Williams %R (14)	-78.0	Neutral	%R of -78.0 put the close in the middle of its 14-day range. How to read: Caution above –20 (near the top) or below –80 (near the bottom). Neutral in the middle. This point is never tagged Bullish or Bearish.
23	CCI (20)	-57	Neutral	CCI at -57 was within the normal ±100 band. Bullish above +100 (unusually strong upward move) · Bearish below –100 (unusually strong downward move) · Neutral within ±100.
24	Rate of change (10-day)	-1.1%	Neutral	Price changed -1.1% over ten sessions. Bullish up more than 2% · Bearish down more than 2% · Neutral between –2% and +2%.

D. Volatility

#	Point	Reading	Tag	Commentary
25	Bollinger Band position (%B)	%B 0.26 (bands 1,533.50–1,686.51)	Neutral	%B of 0.26 — inside the bands, lower half. How to read: Caution above 1 or below 0 (outside the bands — an overextended move). Neutral inside the bands.
26	Bollinger width / squeeze	width 9.5% (30th pct of 6M)	Neutral	Band width was at the 30th percentile of the last six months, a normal level. How to read: Caution when the width is in the lowest 15% of six months (a “squeeze” that often comes before a bigger move, direction unknown). Neutral otherwise.
27	ATR (14)	₹53.98 (3.4% of price)	Neutral	A typical day's range was about ₹53.98, or 3.4% of the price — useful for judging how much 'normal noise' to expect. How to read: Information only. A higher % means bigger normal daily swings.
28	Historical volatility (30-day)	31.3% vs 1Y 33.0%	Neutral	Annualised 30-day volatility was 31.3%, close to the one-year level of 33.0%. How to read: Caution when 30-day volatility is more than 1.25× the one-year level. Neutral otherwise.
29	Keltner Channel (20, 2×ATR)	1,490.17–1,705.08	Neutral	The close was inside the channel, so no volatility breakout. Bullish close above the upper channel (strong upward push) · Bearish close below the lower channel · Neutral inside the channel.
30	Beta vs Nifty 50 (1Y daily)	0.84	Neutral	A beta of 0.84 means the stock tended to move less than the Nifty 50 day to day. How to read: Information only. Above 1.1 moves more than the market, below 0.9 less, around 1 in line.

E. Volume & money flow

#	Point	Reading	Tag	Commentary
31	Volume vs 20-day average	last day 0.68× / 5-day 0.63×	Neutral	The final session traded 0.68× its 20-day average volume and the last five sessions averaged 0.63× — lighter than usual participation. How to read: Information only. Above 1.2× is heavier than usual participation, below 0.8× lighter.
32	Up-day vs down-day volume (20d)	ratio 0.49	Bearish	Average volume on up days was 0.49× that on down days — distribution-leaning. Bullish ratio above 1.15 (accumulation-leaning) · Bearish ratio below 0.85 (distribution-leaning) · Neutral between 0.85 and 1.15.
33	On-Balance Volume (20d)	OBV falling	Bearish	OBV fell over the month while price fell — volume confirmed the price move. Bullish OBV rising · Bearish OBV falling · No neutral zone.
34	Accumulation/Distribution line	rising (20d)	Bullish	The A/D line rose, meaning closes tended to be in the upper part of daily ranges on meaningful volume. Bullish A/D line rising · Bearish A/D line falling · No neutral zone.
35	Chaikin Money Flow (20)	0.11	Bullish	CMF at +0.11 indicated net inflows. Bullish above +0.05 (net inflows) · Bearish below –0.05 (net outflows) · Neutral between –0.05 and +0.05.
36	Money Flow Index (14)	37.8	Bearish	MFI, a volume-weighted RSI, was 37.8. Bullish MFI 55–80 · Bearish MFI 20–45 · Neutral 45–55. Caution above 80 (overbought) or below 20 (oversold).
37	Liquidity (avg daily turnover)	₹503 cr/day	Neutral	About ₹503 crore changed hands per day on average over 20 sessions — highly liquid. How to read: Information only. Above ₹500 crore a day is highly liquid, above ₹50 crore liquid, below that moderately liquid.

F. Price levels

#	Point	Reading	Tag	Commentary
38	Support levels (S1/S2/S3)	1,545.50 / 1,446.10 / 1,390.50	Neutral	Nearest support (prior swing lows) sat at 1,545.50, 1.8% below the close, then 1,446.10, 1,390.50. How to read: Information only. Levels to watch, not good or bad.
39	Resistance levels (R1/R2/R3)	1,720.38 / 1,789.00 / 1,847.33	Neutral	Nearest resistance (prior swing highs) sat at 1,720.38, 9.3% above the close, then 1,789.00, 1,847.33. How to read: Information only.
40	Monthly pivot points (for next month)	P 1,605.33 \| R1 1,673.67 \| S1 1,505.67	Neutral	Classic pivots from July's high/low/close gave a pivot of 1,605.33; the close was below it. How to read: Information only.
41	Fibonacci retracement (6M swing)	23.6% 1,732 \| 38.2% 1,662 \| 50.0% 1,605 \| 61.8% 1,548	Neutral	Measuring the 6-month rise from 1,364.00 to 1,845.50, the close was nearest the 61.8% retracement at 1,547.93. How to read: Information only.
42	52-week high / low	H 1,974.00 / L 1,364.00	Neutral	The close was 20.3% below the 52-week high and 15.4% above the 52-week low. Bullish within 5% of the 52-week high · Bearish within 5% of the 52-week low · Neutral in between.
43	Unfilled price gaps (6M)	2 open; latest gap-down 03 Jul at 1,667.20	Neutral	There were 2 unfilled gap(s). The latest, a gap-down on 03 Jul 2026, left an open level at 1,667.20 that price had not revisited. How to read: Information only.

G. Patterns

#	Point	Reading	Tag	Commentary
44	Price structure / chart pattern	pullback inside a larger uptrend	Neutral	Rule-based pattern scan: pullback inside a larger uptrend. (Classical patterns like head-and-shoulders are judgement calls; we report only what the rules detect.) Bullish rising channel (both trends up) · Bearish falling channel (both trends down) · Neutral for tight consolidation, a bounce in a downtrend, a pullback in an uptrend, or a sideways range.
45	Breakout / breakdown (20-day)	range 1,537.00–1,711.30	Neutral	The close was inside the prior 20-day range of 1,537.00–1,711.30. Bullish close above the 20-day high (breakout) · Bearish close below the 20-day low (breakdown) · Neutral inside the range.
46	Latest candlestick	Shooting-star-type candle	Bearish	On 17 Jul the candle opened 1,567.10, ranged 1,567.10–1,610.00 and closed 1,574.00: Shooting-star-type candle — sellers rejected higher prices. Single candles are weak signals on their own. Bullish hammer, bullish engulfing or bullish marubozu · Bearish shooting star, bearish engulfing or bearish marubozu · Neutral for a doji, inside bar or ordinary candle. Single candles are weak signals.
47	Ichimoku Cloud	cloud 1,618.00–1,642.78; Tenkan 1,579.50 / Kijun 1,600.90	Bearish	Price was below the cloud and the Tenkan line was below the Kijun line — a bearish Ichimoku setup. Bullish close above the cloud · Bearish close below the cloud · Neutral inside the cloud.

H. Relative strength & summary

#	Point	Reading	Tag	Commentary
48	Relative strength vs Nifty 50	1M -4.1% / 3M +0.9%	Neutral	The stock outperformed the Nifty 50 by 0.9 points over three months and underperformed by 4.1 points over one month. Bullish ahead of the Nifty 50 by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
49	Relative strength vs Nifty 50 (6M)	6M -1.1%	Neutral	No sector index in today's data set, so we show the 6-month comparison instead: 1.1 points behind the Nifty 50. Bullish ahead by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
50	Technical summary	5 bullish · 16 bearish · 28 neutral · 0 caution	Bearish	Across the 49 readings the technical picture leaned negative. Levels that mattered: support 1,545.50, resistance 1,720.38. This is a description of the chart on 17 Jul 2026, not a forecast. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 5 or more (“positive”) · Bearish bearish tags beat bullish ones by 5 or more (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

Fundamental analysis — 50 points

Uses only results published by 17 Jul 2026: FY26 annual (Apr 2025–Mar 2026), the Jan–Mar 2026 quarter and the Mar 2026 shareholding. ₹ crore, consolidated unless stated. Valuation uses the 17 Jul 2026 close.

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Valuation

#	Point	Reading	Tag	Commentary
1	P/E (trailing 12 months)	108.7×	Neutral	At ₹1,574.00 the market valued the company at about ₹72,837 crore, or 108.7× the ₹670 crore profit of the four quarters to Mar 2026. That is a premium multiple — the market expected growth. How to read: Information only. Below 15 is a low multiple, 15–30 moderate, above 30 a premium (the market expects growth). Compare with peers and the company’s own history.
2	Price / Book	9.96×	Neutral	Market cap was 9.96× the Mar 2026 book value (equity + reserves) of ₹7,312 crore. How to read: Information only. Main yardstick for banks; asset-light businesses usually trade at high P/B.
3	Price / Sales	10.72×	Neutral	The company was valued at 10.72× its trailing-12-month sales of ₹6,794 crore. How to read: Information only.
4	EV / EBITDA (approx.)	145.5×	Neutral	Enterprise value (market cap + ₹360 cr borrowings; cash not netted) was 145.5× trailing operating profit of ₹503 crore. How to read: Information only. Lower means cheaper relative to operating profit.
5	Earnings yield	0.9%	Neutral	The inverse of P/E: each ₹100 invested bought about ₹0.9 of annual earnings. Investors often compare this with the ~6–7% yield on 10-year government bonds. How to read: Information only. Often compared with the ~6–7% yield on 10-year government bonds.
6	PEG (P/E ÷ 3-yr profit CAGR)	n/m	Neutral	PEG is not meaningful because 3-year profit growth was not available. Note: revenue jumped more than 40% in Mar 2023, Mar 2025, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish below 1 (growth cheaply priced) · Bearish above 2 (growth expensively priced) · Neutral 1–2, or when profit did not grow (not meaningful).
7	Dividend yield (trailing 12M)	n/a	Neutral	Dividend history in our data window was not available. Bullish above 3% · Neutral at 3% or less. Never tagged Bearish.
8	Market capitalisation	₹72,837 cr	Neutral	At about ₹0.73 lakh crore the company was a mid-cap. How to read: Information only. Above ₹1 lakh crore large-cap, ₹30,000 crore–₹1 lakh crore mid-cap, below that small-cap (our rule of thumb).
9	Graham number vs price	₹226.88 vs ₹1,574.00	Neutral	Benjamin Graham's conservative fair-value yardstick √(22.5 × EPS × book value per share) came to ₹226.88; the price was 594% above it. Quality franchises usually trade above this number. Bullish price below the Graham number · Neutral when the price is above it (most quality companies are).

B. Growth

#	Point	Reading	Tag	Commentary
10	Revenue growth FY26 (YoY)	+36.5%	Bullish	Revenue for FY26 was ₹6,794 crore, +36.5% versus FY25. Bullish above 10% · Bearish below 0% (revenue fell) · Neutral 0–10%.
11	Q4 FY26 revenue growth (YoY)	+36.7%	Bullish	The Jan–Mar 2026 quarter brought ₹2,061 crore of revenue, +36.7% on the same quarter a year earlier. Bullish above 10% · Bearish below 0% · Neutral 0–10%.
12	Net profit growth FY26 (YoY)	+90.3%	Bullish	FY26 net profit was ₹670 crore, +90.3% on FY25's ₹352 crore. Bullish above 10% · Bearish below 0% · Neutral 0–10%. Caution if a one-off item distorted the figure.
13	Q4 FY26 profit growth (YoY)	+53.5%	Bullish	Quarterly profit was ₹261 crore versus ₹170 crore a year earlier (+53.5%). Bullish above 10% · Bearish below 0% · Neutral 0–10%.
14	Revenue CAGR (3 years)	38.5%	Caution	Revenue compounded at 38.5% a year from FY23 to FY26. Note: revenue jumped more than 40% in Mar 2023, Mar 2025, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%. Caution if an acquisition inflated it.
15	Profit CAGR (3 years)	n/a	Neutral	Not available. Note: revenue jumped more than 40% in Mar 2023, Mar 2025, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
16	Revenue CAGR (5 years)	50.3%	Caution	Over five years (FY21–FY26) revenue compounded at 50.3% a year. Note: revenue jumped more than 40% in Mar 2023, Mar 2025, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
17	EPS growth FY26 (reported)	+88.8%	Bullish	Reported EPS went from ₹7.67 to ₹14.48 (+88.8%). Differences from profit growth come from changes in share count (bonus, buyback, new issues). Bullish above 10% · Bearish below 0% · Neutral 0–10%.

C. Profitability

#	Point	Reading	Tag	Commentary
18	Operating margin FY26	7%	Neutral	Operating profit (EBITDA) was 7% of sales in FY26 versus 2% in FY25. How to read: Information only — normal margins differ a lot by industry.
19	Operating margin trend (4 quarters)	2% → 6% → 9% → 10%	Bullish	Quarterly margins moved from 2% to 10% over the last four quarters — expanding. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral when broadly stable.
20	Net profit margin FY26	9.9%	Neutral	₹9.9 of every ₹100 of revenue ended up as net profit in FY26. How to read: Information only.
21	Return on equity FY26	9.7%	Bearish	FY26 profit was 9.7% of average shareholders' equity. Above ~15% is generally considered good; below 10% weak. Bullish above 18% · Bearish below 10% · Neutral 10–18%. Around 15% or more is generally considered good.
22	ROCE FY26	10%	Neutral	Return on capital employed (debt + equity) was 10% in FY26. Bullish above 20% · Bearish below 10% · Neutral 10–20%.
23	Return on assets FY26	7.69%	Neutral	Net profit was 7.69% of total assets. Bullish banks only: 1.5% or more · Bearish banks only: below 1% · Information only for non-banks.
24	Effective tax rate FY26	5%	Neutral	The company paid about 5% of pre-tax profit as tax; India's base corporate rate is ~25%. How to read: Information only. India’s base corporate rate is about 25%.
25	Other income share of pre-tax profit	53%	Caution	Non-operating 'other income' of ₹372 crore made up 53% of pre-tax profit — a large share, so core earnings were lower than headline profit. How to read: Caution above 25% (headline profit leans on non-core income). Neutral otherwise.

D. Balance sheet

#	Point	Reading	Tag	Commentary
26	Debt / equity	0.05	Bullish	Borrowings of ₹360 crore were 0.05× equity — very low leverage. Bullish below 0.3 (very low leverage) · Bearish above 1 (high leverage) · Neutral 0.3–1.
27	Debt / EBITDA	0.71×	Bullish	Debt equalled 0.71 years of FY26 operating profit. Bullish below 1× · Bearish above 3× · Neutral 1–3×.
28	Interest coverage	19.6×	Bullish	Earnings before interest and tax covered interest cost 19.6 times. Bullish above 8× · Bearish below 3× · Neutral 3–8×, or not meaningful when interest is negligible.
29	Book value growth	+13.7%	Bullish	Shareholders' equity grew +13.7% from ₹6,433 crore to ₹7,312 crore in FY26. Bullish above 10% (banks: above 12%) · Bearish below 0% (non-banks only) · Neutral otherwise.
30	Capital work in progress	₹0 cr (0% of fixed assets)	Neutral	Projects under construction (CWIP) were 0% of fixed assets — a modest pipeline. How to read: Information only. Above 20% means a big expansion pipeline that is not yet earning.
31	Working capital days	68 days	Neutral	Working capital tied up equalled 68 days of sales (FY25: 122). Negative means suppliers/customers fund operations. How to read: Information only. Lower is generally more efficient; negative means suppliers or customers fund the business.
32	Cash conversion cycle	93 days	Neutral	It took 93 days to turn inventory and receivables into cash, net of supplier credit. How to read: Information only. Shorter is generally better.
33	Debtor days	93 (FY25 73)	Caution	Customers took 93 days on average to pay, versus 73 a year earlier — a notable stretch in collections. How to read: Caution when debtor days rose more than 20% in a year (collections stretching). Neutral otherwise.

E. Cash flow

#	Point	Reading	Tag	Commentary
34	Operating cash flow FY26	₹41 cr	Bullish	The business generated ₹41 crore of operating cash in FY26 versus ₹-183 crore in FY25. Bullish positive and higher than the year before · Bearish negative · Neutral when positive but lower. Information only for banks.
35	Free cash flow FY26	n/a	Neutral	Free cash flow line not available on source page. Bullish positive · Bearish negative · Neutral when not available.
36	Cash conversion (CFO ÷ net profit)	0.06×	Caution	Operating cash flow was 0.06× reported profit — cash lagged profits; worth watching. Bullish above 1× (profits well backed by cash) · Caution below 0.7×. Neutral 0.7–1×.
37	Free-cash-flow yield	n/a	Neutral	Not available. Bullish above 4% · Neutral at 4% or less.
38	Free cash flow — 3-year total	n/a	Neutral	Not available. Bullish positive total · Bearish negative total · Neutral when not available.
39	Capex FY26 (CFO – FCF)	n/a	Neutral	Not available. How to read: Information only.

F. Dividends & shareholder returns

#	Point	Reading	Tag	Commentary
40	Dividend payout ratio FY26	0%	Neutral	The company paid out about 0% of FY26 profit as dividends. How to read: Information only. High payout suits mature businesses; growing firms often keep more.
41	Dividend consistency (3 years)	0% / 0% / 0%	Neutral	Payout ratios for FY24 / FY25 / FY26 — dividends were irregular. Bullish paid every year · Neutral when irregular. Never tagged Bearish.
42	Share capital change (FY25→FY26)	+1.1%	Caution	Paid-up equity capital changed +1.1% (₹92 cr → ₹93 cr). A fall indicates a buyback; a rise indicates new shares were issued. Bullish fell 1% or more (a buyback) · Caution when it rose 1% or more (new shares issued). Neutral when unchanged, or for a bonus/split.

G. Ownership

#	Point	Reading	Tag	Commentary
43	Promoter holding	No promoter (widely held)	Neutral	The company has no identified promoter group — ownership is spread among institutions and the public. Bearish fell more than 1 percentage point in a year · Neutral otherwise. Never tagged Bullish.
44	Foreign institutional holding	39.94% (-5.99 pts YoY)	Bearish	FIIs held 39.94% at Mar 2026, down from 45.93% a year before. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
45	Domestic institutional holding	36.72% (+13.77 pts YoY)	Bullish	Mutual funds, insurers and other DIIs held 36.72%, up from 22.95%. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
46	Number of shareholders	1.5 lakh (+1.4% YoY)	Neutral	The shareholder count moved from 1.5 lakh to 1.5 lakh in a year — a rough gauge of retail interest. How to read: Information only — a rough gauge of retail interest.
47	Promoter pledge	none reported	Neutral	Not applicable — no promoter group. How to read: Information only. Any sizeable pledge is a risk to note.

H. Quality & summary

#	Point	Reading	Tag	Commentary
48	Financial health checklist (Piotroski-style, 8 tests)	7/8	Bullish	Passed: positive profit, positive operating cash flow, leverage fell, operating margin improved, ROA improved, asset turnover improved, no meaningful dilution (<3%). Failed: CFO > net profit. Bullish all tests passed, or all but one · Bearish half the tests or fewer passed · Neutral in between.
49	Automated screen flags	5 strength(s) · 5 weakness(es)	Neutral	Strengths: Company is almost debt free; Company is expected to give good quarter; Company has delivered good profit growth of 41.9% CAGR over last 5 years; Company's median sales growth is 46.1% of last 10 years; Company's working capital requirements have reduced from 171 days to 68.1 days. Weaknesses: Stock is trading at 6.55 times its book value; Though the company is reporting repeated profits, it is not paying out dividend; Tax rate seems low; Company has a low return on equity of 5.58% over last 3 years; Earnings include an other income of Rs.370 Cr. (Flags generated by the data source’s rule screen.) How to read: Information only.
50	Fundamental summary	13 bullish · 2 bearish · 28 neutral · 6 caution	Bullish	On the numbers published by 17 Jul 2026 the fundamental picture leaned positive. Valuation: P/E 108.7×, P/B 9.96×. This describes the data, not a recommendation. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 4 or more and are at least 1.5× as many (“positive”) · Bearish the same the other way round (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

News in the three months before the snapshot

Company news from 17 Apr 2026 – 17 Jul 2026 that an investor could have known on the snapshot date.

01 May 2026 PB Fintech Subsidiary Paisabazaar Faces ₹145.91 Crore Tax Disallowance Confirmation — Paisabazaar received a CIT(A) order dated April 30, 2026 upholding tax disallowances totalling Rs 145.91 crore for FY22 and FY23; the company said it will appeal and sees no financial impact at present. source
06 May 2026 PB Fintech Q4: Profit Jumps 54% To ₹261 Cr — Q4 FY26 consolidated net profit rose 54% year on year to Rs 261.2 crore; operating revenue rose 37% to Rs 2,061 crore. source
11 May 2026 PB Fintech Analyst Day 2026: ₹670 Cr PAT in FY26, Targets ₹1,000 Cr in FY27 — At its Analyst Day in Gurugram the company presented FY26 PAT of Rs 670 crore and a target of Rs 1,000 crore PAT for FY27, along with premium and disbursal growth figures. source
19 May 2026 Why Is PB Fintech Back on Investors' Radar? — The stock gained 2.42% to Rs 1,791 on May 19, 2026; the article cited no single company-specific trigger and attributed the move to sector sentiment. source
16 Jun 2026 PB Fintech appoints directors, rejects ESOP amendment — Postal ballot results: four resolutions on independent director appointments and remuneration passed; a special resolution to amend the ESOP 2021 plan received 55.7% support and did not pass. source
03 Jul 2026 PB Fintech shares fall 7% amid high turnover; Macritchie likely seller in block deal — Macritchie Investments sought to sell up to 1.19 crore shares (about 2.6% of equity, around Rs 1,909 crore) at a floor price of Rs 1,604; the stock fell about 7% intraday. source

What happened next (17 Jul 2026 → 19 Oct 2026)

Price went from ₹1,574.00 to ₹1,035.00 by 19 Oct 2026 (-34.2%) while the Nifty 50 moved -5.9% — underperforming by 28.3 points.
Highest ₹1,904.90 on 23 Sep 2026; lowest ₹945.10 on 05 Oct 2026.
S1 1,545.50: broken on a closing basis on 23 Jul 2026.
S2 1,446.10: broken on a closing basis on 24 Sep 2026.
R1 1,720.38: cleared on a closing basis on 11 Aug 2026.
R2 1,789.00: cleared on a closing basis on 21 Aug 2026.
200-day SMA: price was below it at the snapshot and crossed above on 11 Aug 2026.
Apr–Jun 2026 results (reported 05 Aug 2026): revenue ₹1,888 crore (+40.1% YoY), net profit ₹163 crore (+91.8% YoY), operating margin 7% vs 2% a year earlier (Screener consolidated figures).

Later news

05 Aug 2026 PB Fintech net profit up 92% in Q1 of FY27 — Q1 FY27 consolidated net profit was Rs 163 crore versus Rs 85 crore a year earlier; revenue was Rs 1,888 crore versus Rs 1,348 crore. source
16 Sep 2026 PB Fintech approves ₹5 crore acquisition of remaining MyLoancare stake — The company's M&A committee gave in-principle approval to buy the remaining 20% of MyLoancare Ventures for up to Rs 5 crore, and approved small equity infusions in PB Wheels and PB Financial Account Aggregator. source
24 Sep 2026 What triggered PB Fintech's 20% fall even as it bets big on health, pension expansion — Shares hit the 20% lower circuit after IRDAI released a consultation paper proposing caps on insurance distributor commissions, with comments open until October 25. source
29 Sep 2026 PB Fintech shares crash 43% in four sessions to hit fresh 52-week low; analysts bearish — The stock fell to a 52-week low of Rs 1,076.35, below its 2021 listing price; the company said the IRDAI paper is a proposal and it will submit feedback; exchanges placed the stock under short-term ASM. source

Educational summary. On 17 Jul 2026 the technical picture leaned negative and the fundamental picture leaned positive. Over the next three months the stock moved -34.2% against -5.9% for the Nifty 50. Here the chart's message lined up with what followed. One case proves nothing on its own; the value is in seeing many cases over time. This page does not say whether to buy, sell or hold PB Fintech today.

Method designed by our founder, CPA · ACCA · CIA. Numbers are computed by our engine from the sources listed below.

Sources: daily prices — Yahoo Finance history pages; financials and shareholding — Screener.in (fetched 21 Oct 2026); index — Nifty 50 via Yahoo Finance; news — linked articles. Calculations by Manage Our Finance. Report a correction

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