Q2 FY2026 Capri Global Capital vs PB Fintech: Revenue, Profit & Valuation Comparison

Finance Sector 2026: Growth Trends and Investor Outlook

The Indian finance sector starts 2026 on quite an upbeat note, backed by the recovery of credit and innovations in fintech. The banks expect credit growth of 10.4-11.3%YoY (Rs 19-20.5 trillion), led by stable NIMs, satisfactory levels of liquidity, and lessening asset quality pressures. NBFCs expect AUM growth of 21% CAGR in FY28, aided by spurs in consumption and rate cuts.

The Fintech industry grows at 31% CAGR (2025-29) due to the adoption of artificial intelligence technology, globalization of UPI, and remittances across the border. Nifty Financial Services Index provided returns of 19.64% on 1Y, indicating investor optimism amid policy stability.

Investors like large caps in the banking sector and diversified fintech plays for sustainable returns. 

Nifty 500 Index 

Introduced by NSE in 1996, the Nifty 500 represents the country’s top 500 stocks selected by free-float market cap, spanning all major sectors and accounting for nearly 95% of India’s total market float.As of January 2026, it is at around 26,200, down by a meager 0.6%, despite worldwide turbulence, due mainly to contributions from sectors like finance and IT.

Important constituents like Capri Global Capital Ltd share price ranges around Rs.200, thanks to strong growth in loans in MSME, despite low ROE of 9.15%. Another important constituent, PB Fintech share price ranges around Rs.1,800, thanks to growth in insurance broking, specifically through Policybazaar.

Investors prefer Nifty 500 for diversified strategies, providing stability over Nifty 50 with an increased mid-cap bias.

Company Profiles & Business Segments

Overview Of Capri Global Capital Ltd.: Business Mix, Strategy, and Recent Trends in 2026

Capri Global Capital Ltd. is a mid-tier NBFC focusing on retail secured lending with a diversified business mix comprising MSME loans, gold loans of Rs. 10,406 crores AUM, affordable housing, construction finance, and digital lending. It has emphasized a strategy of geographic expansion to 1,224 branches across 20 states, leveraging technology-driven efficiency via AI analytics, product diversification focusing on under-served markets, and aims for Rs. 50,000 crores AUM by FY28 at 25-30% CAGR. During Q2 FY26, the AUM reached Rs. 27,040 crores, up 40% YoY; PAT went up 35% QoQ to Rs. 236 crore, along with RoAE of 14.4%, and GNPA at 1.28%. Capri Global Capital Ltd share price was Rs. 198.65 as of Nov 2025, reflecting steady growth amidst 2026 trends.

Overview Of PB Fintech Ltd.: Business Mix, Strategy, and Recent Trends in 2026

PB Fintech Ltd., the parent of PolicyBazaar and Paisabazaar, is the leader in the digital insurance and lending segment in India. Its diversified model includes insurance broking (primary revenue driver), credit marketplace, as well as new businesses like PB Partners (38 lakh advisors) and UAE insurance (64% YoY premium increase). Q2FY26 reported strong numbers: revenue of Rs.1,614 crore (55% CAGR during FY22-FY26), a PAT increase of 165% YoY at Rs.135 crore (8% margin), and renewal revenue of Rs.774 crores annualized.

?Strategy focuses on renewal growth, new initiatives (revenue growth of 61% YoY), and expansion into international markets to achieve profitability. The trends for 2026 indicate EBITDA positivity of 6.1% and improvement through digital penetration.

PB Fintech share price is at Rs.1,675.50 as of January 12, 2026

Capri Global Capital vs. PB Fintech Share Price Movement

At present, the Capri Global Capital Ltd share price is at Rs.180.26, showing a -0.81% decrease over the broader market pressures. The 52-week high-low range of the stock is Rs.150.51-Rs.231.35. On the other hand, the PB Fintech share price changes at Rs.1,638.30, down -2.22% today. In a year's time, the stock has moved between Rs.1,311.35 and Rs.1,978. Capri Global shows stability near the 200-DMA of Rs.180.21, helped by its Q4FY25 revenue rising 48.52% to Rs.739.2 crore. However, PB Fintech is facing steeper volatility on a high P/E of 165.65 against Capri's 21.98 and, thus, risks on growth premiums become increasingly high. In recent months, Capri rebounded 13% in June 2025 after gold loan innovations, outperforming the correction seen in PB Fintech after highs in the 50-day period. Investors are showing interest in Capri for value in NBFC resilience.

Q2 FY2026 Financial Comparison: Both Capri Global Capital vs. PB Fintech 

Capri Global Capital Ltd and PB Fintech recorded strong results for Q2 FY2026, supported by the overall growth in the financial sector in India, with Capri demonstrating greater efficiency whereas PB Fintech has an edge in terms of valuation. Capri Global Capital Ltd share price is approximating Rs. 180.5, which is quite different from PB Fintech share price, approximately Rs. 1634, due to the varied market sentiments about their NBFC business model and Insurtech business model. This analysis compares their Q2 FY2026 financials , highlighting growth trajectories, profitability, and investment implications.

Key Valuation Metrics

While being more open to investors, Capri Global Capital trades at a P/E ratio of 24.22 against the highly stretched 163.8 for PB Fintech, thus suggesting that Capri remains relatively undervalued despite good earnings momentum witnessed in the stock. Market capitalization stands at Rs. 17,360.19 Cr for Capri against Rs. 75,614.58 Cr for PB Fintech, indicating that the latter is much bigger in scale, propelled by its Policybazaar platform leadership in digital insurance aggregation. On ROCE, too, Capri leads at 11.18%, over twice the 5.9% for PB Fintech, indicating better utilization of capital in lending over the asset-light model adopted by Insurtech.

These numbers place Capri Global Capital Ltd share price in an attractive position for value seekers keen on NBFC recovery plays, while PB Fintech share price reflects growth premiums amidst fintech hype.

Comparing Revenue and Growth

While Capri Global Capital reported Rs. 1,121.37 Cr and PB Fintech Rs. 1,613.55 Cr in Q2 sales, PB leads in absolute terms due to a wider insurance distribution footprint. Quarter-on-quarter variation in sales has Capri seeing a 49.18% jump compared with a 38.24% surge seen by PB Fintech. This reflects the accelerating loan disbursals of Capri in vehicle finance and MSME segments. The variation in profit is an interesting story: Capri reported Qtr. Profit Var of 143.35%, nearly matched by PB Fintech's 166.15%; however, Capri's lower base exaggerates its operational leverage. 

Likewise, growth at Capri is underpinned by the latter's expanded gold loan and affordable housing portfolios, somewhat in line with rural credit demand. For PB Fintech, health and motor insurance renewals come aided by regulatory tailwinds.

Profitability Analysis

The operating profit (OP) of Capri Q2 was Rs. 743.54 Cr, which greatly surpasses PB Fintech’s Rs. 97.82 Cr, as the interest earnings generated by Capri’s lending activity far surpass the commission-based business of PB. The EBITDA figures only support this, with Capri’s figures of Rs. 746.06 Cr significantly outstripping the Rs. 185.15 Cr of PB, with depreciation costs negligible at Rs. 26.08 Cr and Rs. 33.86 Cr, respectively. The EBIT figures continued with this theme, with Capri’s figures of Rs. 719.98 Cr significantly outstripping PB Fintech’s Rs. 151.29 Cr, resulting in a significantly higher PBT of Rs. 314.09

Net profit (NP) stood at Rs. 236 Cr for Capri and Rs. 134.89 Cr for PB Fintech, with PAT also identical at Rs. 236 Cr and Rs. 134.86 Cr, while the equity capital base has been similar at 96.16 Cr and 91.86 Cr. The strong margins of Capri can be attributed to better OP and EBITDA margins due to cost management despite high interest rates.

Insights into the Operating Efficiency

The strong ROCE and profitability of Capri Global Capital can be attributed to its focused business model in the NBFC space itself, where Q2 sales of 49.18% QoQ far outpace PB, driven by its AUM touching over Rs. 20,000 Cr in the latest quarters. PB Fintech, despite weak ROCE, harnesses the business of zero-balance-sheet assets, supported by its 38.24% sales driven by ARR over Rs. 6,000 Cr annually, highlighting its cash flow rather than its asset base. Capri Global Capital's sharp profit rise of 143.35%, which has been validated recently, has been accompanied by risks such as RBI rate measures affecting its NIMs, while PB is indicative of penetration in tier-2 cities through its sharp profit of 166.15%.

Retail investors can have stability in terms of dividend distribution in the range of 0.5-1% per annum from Capri, whereas PB offers reinvestment opportunities. Both are experiencing challenges in their respective industries, with Capri challenged by cyclical issues related to quality assets and PB from competitors.

Investment Implications

At current levels,  Capri Global Capital Ltd share price near Rs 180.5, would be a good buy for growth-at-reasonable-price strategies, having the backing of 11.18% ROCE and 143% profit growth, probably heading towards Rs 220-250 in 12 months if AUM sustains a 30% CAGR. Similarly, the PB Fintech share price at Rs 1634, given its 163.8 P/E, is a close fit for momentum players betting on the expansion of financials in the fintech space, although downside risks remain if insurance claims ratios rise above 70%.

Diversified portfolios could deploy 60% in Capri for stability and 40% in PB for upside, with a view on the Q3 disbursals and policy sales. Recent Capri Q2 results assure 144.9% YoY PBT growth, with stock dives to Rs. 180.26 as of mid-January 2026. With scale advantages, long-term leadership is well placed with PB Fintech; however, short-term appeal stays with Capri because of efficiency edges.

Strategic Outlook

Capri Global Capital focuses on the growth of MSME and gold loans in the range of 25-30% in FY2026 through Enrich Money financial management platforms. PB Fintech targets the embedded insurance and health tech sectors to achieve the revenue growth rate of 40% in the given year because of the increasing adoption of technology.  Regulatory shifts like R1 coinage or data privacy regulations may create an advantage for the tech company, whereas the credit guarantee scheme benefits Capri Global Capital.

Those following Capri Global Capital Ltd share price and PB Fintech share price, in assessing the leadership in ROCE, should consider the gaps in either Capri for “value” or in PB for “growth” opportunity. The data in Q2 reinforces both companies' performance in the fintech sector.

Frequently Asked Questions

What is the Capri Global share price NSE today?

Currently, the Capri Global Capital Limited share price is looking to hover around Rs. 181-184 on the NSE.

?Where can I find today’s Capri Global share price BSE?

Capri Global Capital Ltd share price listed on the BSE is almost similar to that of NSE and is trading at around Rs.181.80, and it can be accessed through Enrich Money.

?What are the factors that influence the volatility of the Capri Global Capital Ltd share price?

Capri Global Capital Ltd share price is impacted by news related to the NBFC sector, quarterly results, and interest rates, and the stock has made a 52-week range of  Rs.150-Rs.231.

?What is Policybazaar share price today NSE?

PBfintech share price at NSE including  PB Fintech share price today-tracks insurance technology trends around recent highs after its post-listing performance.

How does the Policy Bazaar share price compare to Paisa Bazaar?

Share price of PB Fintech, commonly known as Policybazaar, surged with much better growth compared to Paisa Bazaar share price BSE, triggered by increased digital adoption of insurance.

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