PB Fintech (PolicyBazaar) share price target has been set at ₹2,143 by Geojit Investments, indicating a 12% upside from the current price of ₹1,921. Strong revenue growth, rising profitability, AI adoption, and expansion into new verticals make PolicyBazaar a key mid-cap investment opportunity in India’s digital insurance market.
PB Fintech (PolicyBazaar) Share Price Target ₹2,143 | Geojit Investments Forecast 2025
Geojit Investments has issued an “Accumulate” rating on PB Fintech Ltd (PolicyBazaar) with a target price of ₹2,143, indicating a potential 12% upside from the current market price of ₹1,921. The research highlights PolicyBazaar’s strong revenue growth, profitability improvement, and expansion into new business verticals, making it one of the most promising stocks in the digital insurance sector.
Strong Revenue Growth Boosts Investor Confidence
PolicyBazaar reported a 33.4% year-on-year revenue growth in Q1 FY26, reaching ₹1,348 crore. The surge was led by a 35% rise in online insurance premiums, with health insurance premiums climbing 65% YoY. Overall, insurance premiums increased to ₹6,616 crore, showcasing rising demand for digital-first insurance solutions.
Profitability on the Rise
After several loss-making quarters, PolicyBazaar posted a positive EBITDA of ₹34 crore in Q1 FY26 compared to a loss of ₹39 crore in the same period last year. EBITDA margins improved to 2.6%, even with higher employee costs.
The Profit After Tax (PAT) jumped 41% YoY to ₹85 crore, reflecting stronger financial performance. Geojit expects EBITDA to grow to ₹575 crore in FY26 and ₹1,115 crore in FY27, with margins rising steadily.
Customer-Centric & AI-Driven Efficiency
With a customer satisfaction score of 92.1%, PolicyBazaar continues to build trust among its users. The company is also leveraging AI technology to enhance call center efficiency, reduce costs, and improve customer engagement, laying a strong foundation for scalable and profitable growth.
Expansion into New Verticals
PolicyBazaar is planning to acquire 3–4 new assets, including ventures in hospital ownership. This strategy aims to diversify revenue streams and strengthen its position in India’s growing insurance ecosystem. Its pan-India reach and partner network add further strength to its expansion plans.
Revised Financial Estimates
According to Geojit’s report:
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Sales: from ₹4,977 crore in FY25 to ₹8,337 crore in FY27
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PAT: from ₹394 crore in FY25 to ₹1,193 crore in FY27
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EPS: from ₹8.6 in FY25 to ₹26.0 in FY27
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ROE: expected to improve to 14.3% by FY27
These upgrades indicate PolicyBazaar’s successful shift from aggressive expansion to profitable scaling.
Stock Outlook & Target Price
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Current Market Price (CMP): ₹1,921
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Target Price: ₹2,143
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Upside Potential: 12%
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Market Cap: ₹87,806 crore
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FY27E P/E: 73.6x | EV/EBITDA: 78.3x
Geojit suggests investors accumulate the stock gradually to benefit from PolicyBazaar’s market leadership and improving profitability.
Risks to Consider
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Rising employee costs may pressure margins
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Intense competition in digital insurance broking
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Regulatory changes impacting insurance products
Still, PolicyBazaar’s diversified portfolio and strong brand presence offer resilience.
Final Take: A Balanced Investment Opportunity
PolicyBazaar is entering a new growth phase — shifting from high expansion costs to sustainable profitability. With AI adoption, customer-focused strategies, and expansion into new sectors, the company is well-positioned for long-term success.
Geojit’s “Accumulate” rating makes PolicyBazaar a solid mid-cap investment choice for investors seeking long-term gains in India’s booming digital insurance market.
