Physicswallah Ltd
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]
- Market Cap ₹ 28,726 Cr.
- Current Price ₹ 100
- High / Low ₹ 162 / 95.4
- Stock P/E
- Book Value ₹ 4.89
- Dividend Yield 0.00 %
- ROCE -2.12 %
- ROE %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 20.6 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -23.8%
* 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.
Peer comparison
Consumer Discretionary Consumer Services Other Consumer Services E-Learning
Part of BSE IPO
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 | |
|---|---|---|---|---|
| 233 | 744 | 1,941 | 2,887 | |
| 99 | 766 | 2,098 | 2,688 | |
| Operating Profit | 134 | -22 | -157 | 199 |
| OPM % | 57% | -3% | -8% | 7% |
| 2 | 28 | -672 | -6 | |
| Interest | 0 | 21 | 65 | 85 |
| Depreciation | 4 | 75 | 298 | 366 |
| Profit before tax | 132 | -89 | -1,193 | -259 |
| Tax % | 25% | -6% | -5% | -6% |
| 98 | -84 | -1,131 | -243 | |
| EPS in Rs | 16.37 | -13.57 | -173.40 | -0.99 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 131% |
| TTM: | 49% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 74% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 218 | 219 |
| Reserves | 100 | -189 | -1,252 | 472 | 1,179 |
| 0 | 956 | 2,461 | 1,831 | 970 | |
| 67 | 1,307 | 1,270 | 1,647 | 2,582 | |
| Total Liabilities | 173 | 2,080 | 2,485 | 4,168 | 4,950 |
| 27 | 1,121 | 1,464 | 1,586 | 1,676 | |
| CWIP | 6 | 5 | 0 | 9 | 0 |
| Investments | 24 | 205 | 173 | 1,401 | 2,326 |
| 116 | 748 | 848 | 1,172 | 948 | |
| Total Assets | 173 | 2,080 | 2,485 | 4,168 | 4,950 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 59 | 270 | 212 | 507 | |
| -58 | -1,076 | -43 | -1,513 | |
| 0 | 848 | -165 | 1,007 | |
| Net Cash Flow | 1 | 42 | 4 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 0 | 6 | 5 | 5 |
| Inventory Days | 174 | |||
| Days Payable | 398 | |||
| Cash Conversion Cycle | 0 | -217 | 5 | 5 |
| Working Capital Days | -82 | -214 | -111 | -88 |
| ROCE % | -15% | -37% | -2% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Feb
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
12 Feb - Q3 revenue INR1,082cr (+34%); Q3 PAT INR102cr; 9M revenue INR2,980cr; INR5,000cr cash post-IPO.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
6 Feb - Audio recording of Feb 6, 2026 earnings call for quarter and nine months ended Dec 31, 2025 available online.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Feb
-
Announcement Under Regulation 30 (LODR) - Shareholders Letter.
5 Feb - Q3 FY26 revenue ₹10,824M; 9M revenue ₹29,807M; PAT ₹1,023M; treasury ₹50,544M; ₹4,000M Pen Pencil funding.
Concalls
-
Feb 2026TranscriptPPTREC
-
Dec 2025Transcript PPT REC
Business Profile[1][2]
PhysicsWallah is one of India’s leading edtech cos offering affordable education through online, offline, and hybrid formats. The company has diversified offerings across 13 education categories, including JEE, NEET, UPSC, and new-age upskilling domains such as data science, banking and finance, and software development.