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Swing Capital

Physicswallah Ltd

NSE: PWL BSE: 544609Banking

Physicswallah is an edtech company offering test preparation courses for various competitive examinations like JEE, NEET, UPSC, etc., and upskilling courses like Data science and analytics, banking and finance, software development, etc[1]

₹110
52W: ₹77.7 — ₹162
PE 0 · Book ₹7.16 · +1436% vs book
Market Cap₹31,562 Cr
Stock P/E—Price to Earnings
ROCE4.57%Return on Capital
ROE117%Return on Equity
Div. Yield0%Face Value ₹1

Strengths

  • +Company has reduced debt.

Weaknesses

  • −Stock is trading at 15.8 times its book value
  • −Company has low interest coverage ratio.
  • −Earnings include an other income of Rs.120 Cr.

Shareholding Pattern

Promoters72.3%
FIIs11.56%
DIIs13.46%
Public2.68%
CategoryDec 2025Mar 2026
Promoters72.3%72.3%
FIIs12.4%11.56%▼0.8
DIIs12.75%13.46%▲0.7
Public2.57%2.68%▲0.1

Financial Statements

MetricSep 2024Dec 2024Jun 2025Sep 2025Dec 2025
Sales695680694896919
Expenses543492776724723
Operating Profit151188-82172195
OPM %22%28%-12%19%21%
Net Profit85110-9889100
EPS ₹14.1418.07-0.450.410.35

AI Insights

Revenue Trend

Mar 2025 revenue at ₹2,334Cr, up 52% YoY. OPM at 3%.

Debt Position

Borrowings at ₹897Cr. Debt-to-equity ratio: 0.90x. Moderate leverage.

Margin & Efficiency

ROCE declining from 0% (Mar 2021) to -5% (Mar 2025). Working capital days: -86.

Recent Announcements