Swiggy Ltd
Founded in 2014, Swiggy Ltd is a new-age, consumer-first technology company offering users an easy-to-use convenience platform, accessible through a unified app.[1]
- Market Cap ₹ 52,769 Cr.
- Current Price ₹ 191
- High / Low ₹ 422 / 174
- Stock P/E 51.3
- Book Value ₹ 79.1
- Dividend Yield 0.00 %
- ROCE 2.74 %
- ROE -20.7 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Working capital days have increased from 29.0 days to 114 days
* 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 Retailing E-Retail/ E-Commerce
Part of BSE 500 BSE 200 BSE Dollex 200 Nifty 500 Nifty Midcap 100
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 3,288 | 2,008 | 3,557 | 4,653 | 6,372 | 6,667 | 8,258 | 9,455 | |
| Sales growth | -39% | +77% | +31% | +37% | +5% | +24% | +6% | |
| 6,937 | 3,021 | 6,575 | 8,728 | 8,661 | 7,304 | 8,288 | 9,215 | |
| Operating Profit | -3,650 | -1,013 | -3,018 | -4,075 | -2,289 | -637 | -30 | 240 |
| OPM % | -111% | -50% | -85% | -88% | -36% | -10% | -0.4% | 2.5% |
| 158 | -24 | -586 | 475 | 541 | -1,787 | -3,226 | -827 | |
| Interest | 82 | 74 | 43 | 30 | 22 | 18 | 21 | 23 |
| Depreciation | 195 | 203 | 121 | 128 | 117 | 100 | 142 | 300 |
| Profit before tax | -3,768 | -1,314 | -3,768 | -3,758 | -1,888 | -2,542 | -3,419 | -910 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
| -3,768 | -1,314 | -3,768 | -3,758 | -1,888 | -2,542 | -3,419 | -910 | |
| EPS in Rs | -11.12 | -12.39 | -3.29 | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 33% |
| 3 Years: | 21% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 1% |
| TTM: | 168% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -52% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.86 | 3 | 3 | 229 | 261 | 262 |
| Reserves | 3,135 | 2,209 | -2,964 | -5,755 | -6,570 | 11,781 | 20,578 | 21,582 |
| 89 | 79 | 15,563 | 15,780 | 15,762 | 129 | 185 | 191 | |
| 1,265 | 993 | 1,606 | 1,451 | 1,610 | 2,606 | 2,995 | 2,372 | |
| Total Liabilities | 4,489 | 3,281 | 14,206 | 11,478 | 10,805 | 14,745 | 24,019 | 24,407 |
| 1,124 | 550 | 409 | 894 | 754 | 666 | 1,549 | 1,555 | |
| CWIP | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2,226 | 1,387 | 10,348 | 6,131 | 5,568 | 5,820 | 10,295 | 13,957 |
| 1,130 | 1,344 | 3,448 | 4,452 | 4,483 | 8,259 | 12,175 | 8,895 | |
| Total Assets | 4,489 | 3,281 | 14,206 | 11,478 | 10,805 | 14,745 | 24,019 | 24,407 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -3,723 | -656 | -2,473 | -3,863 | -1,409 | -1,444 | -2,845 | |
| 2,984 | 772 | -10,728 | 3,340 | 1,852 | -2,607 | -6,298 | |
| 914 | 10 | 13,670 | -60 | -46 | 4,347 | 9,892 | |
| Net Cash Flow | 175 | 126 | 470 | -584 | 397 | 296 | 749 |
| Free Cash Flow | -4,052 | -692 | -2,529 | -3,879 | -1,410 | -1,462 | -3,733 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 101% | 65% | 80% | 94% | 62% | 235% | 9,483% |
Ratios
Standalone / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 14 | 25 | 28 | 31 | 13 | 21 | 9 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 14 | 25 | 28 | 31 | 13 | 21 | 9 |
| Working Capital Days | -18 | -43 | -36 | -6 | -21 | -5 | 114 |
| ROCE % | -39% | -36% | -31% | -18% | -1% | 3% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Food Delivery Average Monthly Transacting Restaurant Partners Thousand |
|
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| Food Delivery Average Monthly Transacting Users (MTU) Million |
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| Platform Average Monthly Transacting Users (MTU) Million |
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| Platform Frequency (Orders per User per Month) Orders per MTU per month |
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| Quick Commerce Average Monthly Transacting Users (MTU) Million |
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| Quick Commerce Average Order Value (AOV) INR per order |
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| Quick Commerce Active Dark Stores Count |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication of Postal Ballot Notice and E-voting intimation to Members
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Transcript of the Earnings Conference Call for Analysts and Investors held on October 22, 2026.
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication of Unaudited Financial Results for the quarter and half year ended September 30, 2026
Concalls
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Oct 2026Transcript PPT REC
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Oct 2025PPT
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Dec 2024Transcript
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Feb 2024Transcript
Business Model:[1]
Swiggy runs a hyperlocal commerce platform covering food delivery, quick commerce, dining out and events, along with B2B supply chain and distribution services.
Its consumer businesses largely follow a marketplace model, connecting customers
with restaurants and merchants. Company's revenue comes from partner commissions, advertising, user and platform fees, and subscriptions. The B2B business also
earns from the sale of goods and
supply chain services.