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 ₹ 37,762 Cr.
- Current Price ₹ 132
- High / Low ₹ 162 / 121
- Stock P/E
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE -2.12 %
- ROE %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- Company has low interest coverage ratio.
* 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 | |
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| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 131% |
| TTM: | 49% |
| Compounded Profit Growth | |
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| TTM: | 74% |
| Stock Price CAGR | |
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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)-Earnings Call Transcript 16m
- Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Dec
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
9 Dec - Audio recording of Dec 9, 2025 earnings call for quarter and half-year ended Sep 30, 2025 uploaded.
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Shareholders Letter
9 Dec - Q2 FY26: Revenue ₹10,512M, PAT ₹697M; H1 revenue ₹18,983M; treasury ₹25,519M; acquisitions ₹950M.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
8 Dec - Q2 FY26 revenue ₹10,512 Mn; PAT ₹697 Mn; 26% YoY revenue growth.
Concalls
-
Dec 2025TranscriptPPT
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.