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 ₹ 77,427 Cr.
- Current Price ₹ 280
- High / Low ₹ 474 / 256
- Stock P/E
- Book Value ₹ 66.4
- Dividend Yield 0.00 %
- ROCE -24.1 %
- ROE -29.0 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 4.23 times its book value
- Company has low interest coverage ratio.
- Debtor days have increased from 51.5 to 64.1 days.
- Working capital days have increased from 46.4 days to 117 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 3,468 | 2,547 | 5,705 | 8,265 | 11,247 | 15,227 | 23,053 | |
| 7,292 | 3,843 | 9,355 | 12,538 | 13,447 | 18,015 | 26,288 | |
| Operating Profit | -3,824 | -1,296 | -3,650 | -4,273 | -2,199 | -2,788 | -3,235 |
| OPM % | -110% | -51% | -64% | -52% | -20% | -18% | -14% |
| 218 | -19 | 239 | 438 | 341 | 384 | 498 | |
| Interest | 85 | 75 | 48 | 58 | 71 | 101 | 200 |
| Depreciation | 217 | 221 | 170 | 286 | 421 | 612 | 1,217 |
| Profit before tax | -3,908 | -1,612 | -3,629 | -4,179 | -2,350 | -3,117 | -4,154 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| -3,920 | -1,617 | -3,629 | -4,179 | -2,350 | -3,117 | -4,154 | |
| EPS in Rs | -13.63 | -15.05 | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 55% |
| 3 Years: | 41% |
| TTM: | 51% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 0% |
| TTM: | -33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -29% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.88 | 0.01 | 0.86 | 3 | 3 | 229 | 261 |
| Reserves | 2,966 | 1,736 | -3,296 | -6,509 | -7,785 | 9,991 | 18,053 |
| 89 | 93 | 16,071 | 16,162 | 16,437 | 1,703 | 2,551 | |
| 1,346 | 1,086 | 1,637 | 1,624 | 1,874 | 3,283 | 4,372 | |
| Total Liabilities | 4,402 | 2,915 | 14,412 | 11,281 | 10,529 | 15,205 | 25,237 |
| 1,332 | 747 | 801 | 1,505 | 2,041 | 3,631 | 4,558 | |
| CWIP | 9 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1,879 | 925 | 10,348 | 6,541 | 5,171 | 2,677 | 6,034 |
| 1,182 | 1,243 | 3,263 | 3,235 | 3,317 | 8,897 | 14,645 | |
| Total Assets | 4,402 | 2,915 | 14,412 | 11,281 | 10,529 | 15,205 | 25,237 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -3,841 | -1,175 | -3,900 | -4,060 | -1,313 | -2,169 | -2,898 | |
| 3,195 | 1,282 | -9,160 | 3,968 | 1,472 | -1,372 | -4,983 | |
| 849 | 14 | 13,634 | -172 | -123 | 3,903 | 9,397 | |
| Net Cash Flow | 202 | 120 | 574 | -264 | 37 | 361 | 1,516 |
| Free Cash Flow | -4,175 | -915 | -4,128 | -4,217 | -1,657 | -2,913 | -3,809 |
| CFO/OP | 99% | 91% | 105% | 94% | 60% | 79% | 89% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 13 | 24 | 71 | 47 | 31 | 59 | 64 |
| Inventory Days | 31 | 10 | 4 | 1 | 4 | 3 | 3 |
| Days Payable | 311 | 223 | 154 | 94 | 70 | 111 | 83 |
| Cash Conversion Cycle | -268 | -189 | -79 | -46 | -35 | -48 | -16 |
| Working Capital Days | -22 | -41 | 18 | 18 | 0 | 21 | 117 |
| ROCE % | -57% | -48% | -37% | -24% | -29% | -24% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| B2C Gross Order Value (GOV) INR Cr |
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| B2C Total Orders million |
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| Food Delivery - Average Order Value (AOV) INR |
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| Food Delivery - Avg. Monthly Transacting Restaurant Partners thousands |
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| Platform Average Monthly Transacting Users (MTU) million |
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| Platform Order Frequency # per month |
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| Quick Commerce - Active Dark Stores (Exit) number |
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| Quick Commerce - Average Order Value (AOV) INR per order |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23h - Newspaper Publication of Audited Financial Results for the quarter and financial year ended March 31, 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - Swiggy shared audio recording of its May 8, 2026 analyst and investor conference call.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
1d - Swiggy filed March 31, 2026 monitoring reports for IPO and QIP proceeds; Rs 7,138.27 million remains unutilized.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Swiggy reported audited FY26 results: revenue up 45% to Rs 6,383 crore; losses narrowed Rs 281 crore YoY.
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Shareholders'' Letter - May 08, 2026
1d - Q4FY26 shareholders’ letter: Food GOV +22.6%, quick commerce GOV +68.8%, Snacc shut down, cash INR 15,053 Cr.
Concalls
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May 2026TranscriptAI SummaryPPT
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Oct 2025TranscriptAI SummaryPPT
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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 2024TranscriptPPT
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Feb 2024TranscriptPPT
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: