Billionbrains Garage Ventures Ltd

NSE: GROWW BSE: 544603IT / Software

Incorporated in 2017, Groww is a Bengaluru-based fintech company that provides retail investors direct-to-customer digital investment platform, providing multiple financial products and services.[1]

₹183

52W: ₹112 — ₹227

PE 70.5 · Book ₹13.3 · +1276% vs book

Market Cap₹1,14,870 Cr

Stock P/E70.5Price to Earnings

ROCE35.1%Return on Capital

ROE26.4%Return on Equity

Div. Yield0%Face Value ₹2

Strengths

+Company has reduced debt.
+Company is almost debt free.
+Company has a good return on equity (ROE) track record: 3 Years ROE 30.5%
+Debtor days have improved from 64.6 to 38.6 days.

Weaknesses

−Stock is trading at 14.0 times its book value
−Though the company is reporting repeated profits, it is not paying out dividend
−Promoter holding has decreased over last quarter: -0.43%

Shareholding Pattern

Promoters27.38%

FIIs2.51%

DIIs5.92%

Public62.88%

Category	Dec 2025	Mar 2026
Promoters	27.81%	27.38%▼0.4
FIIs	3.13%	2.51%▼0.6
DIIs	4.92%	5.92%▲1.0
Public	64.13%	62.88%▼1.2

Financial Statements

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	802	676	544	623	688	785	963
Expenses	390	-201	253	266	265	280	312
Operating Profit	412	876	291	357	423	505	651
OPM %	51%	130%	54%	57%	61%	64%	68%
Net Profit	330	677	251	306	354	428	541
EPS ₹	10.6	18.53	1.37	1.46	0.59	0.69	0.86

AI Insights

Revenue Trend

Mar 2026 revenue at ₹3,059Cr, up 5.2% YoY. OPM at 63%.

Debt Position

Borrowings at ₹46Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.

Margin & Efficiency

ROCE improving from 0% (Mar 2022) to 35% (Mar 2026). Working capital days: -7.

Valuation

PE 70.5x with 35.1% ROCE. Price is 1276% above book value of ₹13.3. Dividend yield: 0%.