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 ₹ 37,736 Cr.
- Current Price ₹ 130
- High / Low ₹ 162 / 77.7
- Stock P/E 618
- Book Value ₹ 12.9
- Dividend Yield 0.00 %
- ROCE 3.99 %
- ROE -0.63 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 9.58 times its book value
- Promoter holding has decreased over last quarter: -1.03%
- Earnings include an other income of Rs.233 Cr.
* 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 | |
|---|---|---|---|---|---|---|
| 233 | 744 | 1,940 | 2,887 | 3,900 | 4,106 | |
| 99 | 766 | 2,916 | 2,813 | 3,529 | 3,717 | |
| Operating Profit | 134 | -22 | -975 | 73 | 370 | 389 |
| OPM % | 57% | -2.9% | -50% | 2.5% | 9% | 9% |
| 2 | 28 | 146 | 120 | 179 | 233 | |
| Interest | 0 | 21 | 65 | 85 | 102 | 94 |
| Depreciation | 4 | 75 | 298 | 366 | 437 | 450 |
| Profit before tax | 132 | -89 | -1,193 | -259 | 10 | 78 |
| Tax % | 25% | -6% | -5% | -6% | 344% | |
| 98 | -84 | -1,131 | -243 | -24 | 15 | |
| EPS in Rs | 16.37 | -13.57 | -173.43 | -0.99 | -0.08 | 0.15 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 74% |
| TTM: | 33% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 23% |
| TTM: | 125% |
| Stock Price CAGR | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 218 | 286 |
| Reserves | 100 | -189 | -1,253 | 472 | 3,411 |
| 0 | 956 | 1,687 | 1,831 | 1,876 | |
| 67 | 1,307 | 2,040 | 1,647 | 2,125 | |
| Total Liabilities | 173 | 2,080 | 2,481 | 4,168 | 7,697 |
| 27 | 1,121 | 1,464 | 1,586 | 1,830 | |
| CWIP | 6 | 5 | 0 | 9 | 8 |
| Investments | 24 | 205 | 173 | 1,401 | 2,426 |
| 116 | 748 | 844 | 1,172 | 3,433 | |
| Total Assets | 173 | 2,080 | 2,481 | 4,168 | 7,697 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 59 | 270 | 212 | 507 | 833 | |
| -58 | -1,076 | -43 | -1,513 | -3,282 | |
| 0 | 848 | -165 | 1,007 | 2,755 | |
| Net Cash Flow | 1 | 42 | 4 | 1 | 306 |
| Free Cash Flow | 37 | 124 | 1 | 340 | 494 |
| CFO/OP | 69% | -1,354% | -22% | 693% | 233% |
Ratios
Consolidated / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 0 | 6 | 7 | 5 | 8 |
| Inventory Days | 174 | ||||
| Days Payable | 398 | ||||
| Cash Conversion Cycle | 0 | -217 | 7 | 5 | 8 |
| Working Capital Days | -82 | -214 | -112 | -88 | 20 |
| ROCE % | -15% | -172% | -9% | 4% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
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| ACPU (Online) - Average Collection Per User INR ・Standalone data |
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| Education Categories count ・Standalone data |
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| Offline Student Enrolments million ・Standalone data |
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| Total Faculty Members count ・Standalone data |
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| Total Offline Centers count ・Standalone data |
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| Total Paid Users million ・Standalone data |
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| Unique Transacting Users (Online) million ・Standalone data |
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| PW App Daily Active Users (DAU) million ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement Under Regulation 30 (LODR)- Partial/Piecemeal Closure Of Loan Portfolio Of The Wholly Owned Subsidiary
- FinZ Finance to assign ₹95.79 crore loan portfolio to Auxilo; closure expected within 60 days.
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Announcement Under Regulation 30 (LODR)- Grant Of Stock Options
- NRC approved grant of 2,82,415 stock options under ESOP Plan 2025 on October 1, 2026.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
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Shareholder Meeting / Postal Ballot-Outcome of AGM
- Physicswallah held its 6th AGM on September 25, 2026, approving financials, director reappointment and new Articles.
- Closure of Trading Window
Concalls
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Aug 2026Transcript
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May 2026REC
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Feb 2026Transcript REC
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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.