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 ₹ 34,559 Cr.
- Current Price ₹ 121
- High / Low ₹ 162 / 112
- 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.
- 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 | |
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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
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
19 Jan - Jan 19, 2026: shareholders approved ESOP Plans (2022, 2025) and Articles amendment via postal ballot.
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Announcements Under Regulation 30 (LODR) - Acquisition Of Land By Wholly Owned Subsidiary Of The Company.
18 Jan - Penpencil acquired 1.16-acre Ranchi land for INR 38 crore; sale deed dated Jan 17, 2026.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 7 Jan
-
Closure of Trading Window
29 Dec - Trading window closed Jan 1, 2026 until 48 hours after Q3/9M Dec 31, 2025 unaudited results.
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Announcement Under Reg 30 (LODR) - Acquisition Of Land By Wholly Owned Subsidiary Of The Company
23 Dec 2025 - Wholly-owned subsidiary acquired 1.76-acre Ranchi land for INR 69,49,72,800, sale deed dated 23-Dec-2025.
Concalls
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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.