Billionbrains Garage Ventures Ltd
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]
- Market Cap ₹ 1,13,890 Cr.
- Current Price ₹ 182
- High / Low ₹ 227 / 112
- Stock P/E 42.3
- Book Value ₹ 18.4
- Dividend Yield 0.00 %
- ROCE 37.3 %
- ROE 28.8 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.9%
Cons
- Stock is trading at 9.84 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| 427 | 1,142 | 2,794 | 4,061 | 4,645 | 5,724 | |
| 661 | 743 | 2,050 | 1,531 | 1,901 | 2,129 | |
| Operating Profit | -233 | 399 | 743 | 2,530 | 2,744 | 3,596 |
| OPM % | -55% | 35% | 27% | 62% | 59% | 63% |
| 0 | 119 | -1,337 | 0 | 171 | 161 | |
| Interest | 0 | 2 | 4 | 43 | 46 | 31 |
| Depreciation | 3 | 12 | 20 | 25 | 48 | 70 |
| Profit before tax | -236 | 504 | -618 | 2,464 | 2,821 | 3,657 |
| Tax % | 1% | 9% | 30% | 26% | 26% | |
| -239 | 458 | -805 | 1,824 | 2,083 | 2,693 | |
| EPS in Rs | -2.93 | 5.60 | -9.85 | 9.98 | 3.32 | 4.31 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 60% |
| TTM: | 55% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 66% |
| TTM: | 41% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 34% |
| Last Year: | 29% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.11 | 21 | 21 | 366 | 1,248 | 1,248 |
| Reserves | 2,706 | 3,252 | 2,478 | 4,446 | 8,404 | 10,320 |
| 0 | 75 | 91 | 610 | 292 | 77 | |
| 1,291 | 1,460 | 5,428 | 4,654 | 8,567 | 8,147 | |
| Total Liabilities | 3,997 | 4,808 | 8,018 | 10,076 | 18,511 | 19,792 |
| 286 | 321 | 396 | 402 | 1,492 | 1,468 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 280 | 1,252 | 1,448 | 1,907 | 2,638 | 3,396 |
| 3,431 | 3,235 | 6,174 | 7,768 | 14,381 | 14,929 | |
| Total Assets | 3,997 | 4,808 | 8,018 | 10,076 | 18,511 | 19,792 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -349 | 548 | 885 | -962 | -21 | |
| -1,512 | -363 | -910 | 140 | -1,351 | |
| 1,874 | -5 | 4 | 876 | 2,175 | |
| Net Cash Flow | 14 | 179 | -21 | 53 | 804 |
| Free Cash Flow | -357 | 537 | 878 | -979 | -33 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 144% | 150% | 157% | 37% | 26% |
Ratios
Consolidated / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 12 | 12 | 9 | 9 | 22 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 12 | 12 | 9 | 9 | 22 |
| Working Capital Days | -961 | -2 | -434 | -162 | -257 |
| ROCE % | 16% | 24% | 63% | 37% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| NSE Active Clients Market Share % ・Standalone data |
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| Active Users Million |
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| Total Customer Assets INR Million |
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| Equity Derivatives Market Share (Retail Premium ADTO) % |
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| MTF Book INR Million |
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| Stocks Market Share (Retail Cash ADTO) % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Transcript for the earning conference call for analysts and investors held on October 14, 2026 is annexed herewith.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper publication for the unaudited financial results for the quarter and half year ended September 30, 2026 is annexed herewith.
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Grant Of ESOP Options Under Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024
- 1,35,555 stock options granted to eligible employees under ESOP Scheme 2024 on October 14, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Q2 FY27 earnings conference call audio recording published on October 14, 2026.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- CRISIL monitoring report for quarter ended September 30, 2026 shows IPO proceeds utilised as planned, with no deviations.
Concalls
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Oct 2026Transcript PPT REC
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Jul 2026Transcript PPT REC
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Apr 2026Transcript PPT REC
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Jan 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
Business Overview[1]
Billionbrains Garage Ventures (Groww) is India’s largest digital investment platform by active users on the NSE as of June 2025. The company operates a direct-to-customer model offering a wide range of financial products, including stocks, derivatives, bonds, mutual funds, margin trading facilities, and personal loans. Its technology-first approach and intuitive app design have driven widespread adoption across India’s cities and rural markets.