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Recorded snapshot values in Indian rupees. These prices are historical.
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Company profile
Overview
PolicyBazaar has made its name in the insurance domain. Think about a category, term life insurance, health insurance, family health insurance, guaranteed return plans, group health insurance, car insurance, etc.; Policybazaar caters to all. It is an Indian multinational financial technology and insurance aggregator company based in Gurgaon. With the rising demand of clients, the company witnessed immense growth in Policybazaar's share price.
Starting in 2008, PolicyBazaar created a new demand for online policy comparisons in the market. By offering credit, insurance, and other financial products, PolicyBazaar made a successful establishment to create India’s largest online insurance marketplace. Its lucrative year-on-year growth for digital insurance sales increased the market share for PolicyBazaar. Another USP of PolicyBazaar is to hold on to its advanced analytics and filter searches to track the right insurance policy.
Read the full overview
Incorporation Details
CIN
U74999HR2014PTC053454
Founding Year
June 2008
Founders
Yashish Dahiya
Alok Bansal
Avaneesh Nirjar
Category/Sub Category Of Company
Private Company
ISIN Number
INE417T01026
Company Age
14+ Years
Industry
Financial Technology Industry
Parent
PB Fintech India
Policybazaar Share Price Overview
The insurance aggregator company was founded in 2008 by Alok Bansal, Yashish Dahiya and Avaneesh Nirjar. Policybazaar collects nearly half of its revenues from other insurance companies to offer outsourced services like customer processing. Using an incredibly intuitive strategy, Policybazaar's revenue grew from Rs 310.3 crore to Rs 516 crore, 66.3% in FY20. So, if you are willing to check Policybazaar share price, Stockify is the right platform. Currently, the company's face value is Rs 2 per equity share, which consists of a total of 200 available shares.
Financials Of Policybazaar Unlisted Shares
Particulars (Rs. lakhs)
12 Mar-22*
12 Mar-23*
% Change
Net Sales
14,249
25,578
79.50%
Other income
1,254
2,590
106.60%
Total Revenues
15,503
28,168
81.70%
Gross profit
-9,022
-6,615
NA
Depreciation
428
638
49.00%
Interest
138
216
56.90%
Profit before tax
-8,334
-4,880
NA
Tax
-5
0
NA
Profit after tax
-8,329
-4,879
NA
Other Key Financials Highlights
Operating profit margins showed growth and were recorded at 25.9% in FY23 as against 63.3% in FY22.
Net profit margins booked at 19.1% in FY23 from 58.5% in FY22.
Revenue from the operation has jumped year-on-year by 61% to reach the mark of Rs. 869 crore.
So, PolicyBazaar has a high-growth property market as the overall insurance industry is showing upward trends. Also, being a fintech platform, it has a higher scope for new technology adaptation, so the company's overall performance will gear up in the upcoming years. You can use Stockify to buy PolicyBazaar unlisted shares.
Why Buy Policybazaar Shares?
Checking Policybazaar share price is an excellent option to diversify your portfolio and make huge profits through unlisted shares. The company has some competitive strengths like a capital-efficient model with low operating costs and consumer-friendly brands that secure wide choice and transparency among customers. All these strategic proceedings make Policybazaar a leading insurance aggregator in India today. The company growth comes as good news for those interested in Policybazaar stock price, as they can be certain of their profits by investing in the company's unlisted shares.
Policybazaar Income Statement 2021-22
No. of Months Year Ending
12 March 2021
12 March 2022
% Change
Net Sales
Rs m
8,867
14,249
60.7%
Other Income
Rs m
708
1,254
77.2%
Total Revenue
Rs m
9,574
15,503
61.9%
Gross Profit
Rs m
-1,596
-9,022
NA
Depreciation
Rs m
414
428
3.5%
Interest
Rs m
117
138
18.0%
Profit Before Tax
Rs m
-1,419
-8,334
NA
Tax
Rs m
83
-5
NA
Profit After Tax
Rs m
-1,502
-8,329
NA
Gross Profit Margin
Rs m
-18.0
-63.3
Effective Tax Rate
Rs m
-5.9
0.1
Net Profit Margin
Rs m
-16.9
-58.5
Check Out Prices Of Other Unlisted Shares On Stockify
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- Sector
- Financial · Insurance
- ISIN
- INE417T01026