Swiggy Ltd

Swiggy Ltd

₹ 253 -1.11%
13 May - close price
About

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]

Key Points

Business Model[1] Swiggy operates a diversified hyperlocal commerce platform through its unified app - ''SWIGGY'' The company, known for pioneering hyperlocal commerce in India, offers a range of services through five main segments:

  1. Food Delivery[2] Launched in 2014, this core segment enables users to browse, order, and have meals delivered from a wide network of restaurant partners. Swiggy monetizes this by charging fees from restaurants, delivery charges, and platform-based advertising opportunities.
  • Market Cap 69,850 Cr.
  • Current Price 253
  • High / Low 474 / 252
  • Stock P/E 160
  • Book Value 75.5
  • Dividend Yield 0.00 %
  • ROCE 2.76 %
  • ROE 2.65 %
  • Face Value 1.00

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 3.35 times its book value
  • Working capital days have increased from 85.1 days to 281 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,548 1,663 1,775 1,953 2,146 2,298 1,711 2,693 3,000 2,153 2,194
2,211 2,168 1,548 2,546 2,742 3,061 1,842 3,787 3,963 2,120 2,137
Operating Profit -663 -505 228 -593 -596 -763 -131 -1,094 -963 33 57
OPM % -43% -30% 13% -30% -28% -33% -8% -41% -32% 2% 3%
107 231 64 127 136 166 -768 131 109 -899 -630
Interest 6 6 5 5 5 4 4 4 4 7 6
Depreciation 29 29 802 26 26 25 24 24 23 22 73
Profit before tax -591 -309 -515 -497 -491 -626 -927 -991 -881 -895 -652
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-591 -309 -515 -497 -491 -626 -927 -991 -881 -895 -652
EPS in Rs -49.22 -2.80 -4.05 -3.97 -3.53 -3.24 -2.36
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3,288 2,008 3,557 4,653 6,372 8,796 8,258
6,937 3,021 6,575 8,728 8,661 11,810 8,288
Operating Profit -3,650 -1,013 -3,018 -4,075 -2,289 -3,013 -30
OPM % -111% -50% -85% -88% -36% -34% -0%
158 -24 -586 475 541 590 -3,226
Interest 82 74 43 30 22 18 21
Depreciation 195 203 121 128 117 100 142
Profit before tax -3,768 -1,314 -3,768 -3,758 -1,888 -2,542 -3,419
Tax % 0% 0% 0% 0% 0% 0% 0%
-3,768 -1,314 -3,768 -3,758 -1,888 -2,542 -3,419
EPS in Rs -11.12 -12.39
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: 19%
3 Years: 29%
TTM: 117%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -19%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.01 0.01 0.86 3 3 229 261
Reserves 3,135 2,209 -2,964 -5,755 -6,570 11,781 20,578
89 79 15,563 15,780 15,762 128 185
1,265 993 1,606 1,451 1,610 2,607 2,995
Total Liabilities 4,489 3,281 14,206 11,478 10,805 14,745 24,019
1,124 550 409 894 754 665 1,549
CWIP 9 0 0 0 0 0 0
Investments 2,226 1,387 10,348 6,131 5,568 5,820 10,295
1,130 1,344 3,448 4,452 4,483 8,259 12,175
Total Assets 4,489 3,281 14,206 11,478 10,805 14,745 24,019

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 -2,608 -6,298
914 10 13,670 -60 -46 4,348 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/OP 101% 65% 80% 94% 62% 50% 9,483%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 14 25 28 31 13 16 9
Inventory Days
Days Payable
Cash Conversion Cycle 14 25 28 31 13 16 9
Working Capital Days -18 -43 -36 -6 -21 -4 281
ROCE % -39% -36% -31% -18% -23% 3%

Insights

In beta
Mar 2022 Mar 2023 Mar 2024
B2C Gross Order Value (GOV)
INR Cr

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B2C Total Orders
million
Food Delivery - Average Order Value (AOV)
INR
Food Delivery - Avg. Monthly Transacting Restaurant Partners
thousands
Platform Average Monthly Transacting Users (MTU)
million
Platform Order Frequency
# per month
Quick Commerce - Active Dark Stores (Exit)
number
Quick Commerce - Average Order Value (AOV)
INR per order

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
6.19% 4.90% 7.36% 12.23% 16.07% 14.59%
7.75% 9.33% 13.53% 15.95% 22.54% 25.45%
86.07% 85.77% 71.38% 64.93% 55.47% 54.39%
0.00% 0.00% 7.72% 6.88% 5.94% 5.59%
No. of Shareholders 4,23,5925,04,7125,13,6325,22,9225,35,0245,36,096

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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