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 ₹ 1,00,332 Cr.
- Current Price ₹ 402
- High / Low ₹ 617 / 297
- Stock P/E
- Book Value ₹ 39.3
- Dividend Yield 0.00 %
- ROCE -29.2 %
- ROE -255 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is expected to give good quarter
Cons
- Stock is trading at 10.2 times its book value
- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost
- Debtor days have increased from 45.7 to 59.0 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 3,468 | 2,547 | 5,705 | 8,265 | 11,247 | 15,227 | 18,925 | |
| 7,292 | 3,843 | 9,355 | 12,538 | 13,447 | 18,015 | 22,369 | |
| Operating Profit | -3,824 | -1,296 | -3,650 | -4,273 | -2,199 | -2,788 | -3,444 |
| OPM % | -110% | -51% | -64% | -52% | -20% | -18% | -18% |
| 218 | -19 | 239 | 438 | 341 | 384 | 373 | |
| Interest | 85 | 75 | 48 | 58 | 71 | 101 | 147 |
| Depreciation | 217 | 221 | 170 | 286 | 421 | 612 | 952 |
| Profit before tax | -3,908 | -1,612 | -3,629 | -4,179 | -2,350 | -3,117 | -4,169 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | |
| -3,920 | -1,617 | -3,629 | -4,179 | -2,350 | -3,117 | -4,169 | |
| EPS in Rs | -13.63 | -17.48 | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 39% |
| TTM: | 47% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 4% |
| TTM: | -80% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -255% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.88 | 0.01 | 0.86 | 3 | 3 | 229 | 232 |
| Reserves | 2,966 | 1,736 | -3,296 | -6,509 | -7,785 | 9,991 | 9,565 |
| 89 | 93 | 16,071 | 16,162 | 16,437 | 1,703 | 2,491 | |
| 1,346 | 1,086 | 1,637 | 1,624 | 1,874 | 3,283 | 3,504 | |
| Total Liabilities | 4,402 | 2,915 | 14,412 | 11,281 | 10,529 | 15,205 | 15,792 |
| 1,332 | 747 | 801 | 1,505 | 2,041 | 3,631 | 4,387 | |
| CWIP | 9 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1,879 | 925 | 10,348 | 6,541 | 5,171 | 2,677 | 4,059 |
| 1,182 | 1,243 | 3,263 | 3,235 | 3,317 | 8,897 | 7,346 | |
| Total Assets | 4,402 | 2,915 | 14,412 | 11,281 | 10,529 | 15,205 | 15,792 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -3,841 | -1,175 | -3,900 | -4,060 | -1,313 | -2,169 | |
| 3,195 | 1,282 | -9,160 | 3,968 | 1,472 | -1,372 | |
| 849 | 14 | 13,634 | -172 | -123 | 3,903 | |
| Net Cash Flow | 202 | 120 | 574 | -264 | 37 | 361 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 13 | 24 | 71 | 47 | 31 | 59 |
| Inventory Days | 31 | 10 | 4 | 1 | 4 | 3 |
| Days Payable | 311 | 223 | 154 | 94 | 70 | 111 |
| Cash Conversion Cycle | -268 | -189 | -79 | -46 | -35 | -48 |
| Working Capital Days | -22 | -41 | 18 | 18 | 0 | 21 |
| ROCE % | -57% | -48% | -37% | -24% | -29% |
Documents
Announcements
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
1h - Postal ballot approved: Instamart sale to subsidiary; sale of 163,990 Series D CCPS and 10 shares to MIH.
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
1h - Postal ballot approved Nov 1, 2025: Instamart sale to indirect subsidiary; sale of 163,990 CCPS in Roppen to MIH.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Publication of unaudited financial results for the quarter and half-year ended September 30, 2025
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
31 Oct - Audio recording of Oct 30, 2025 analysts/investors conference call available on Swiggy IR website (link provided).
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
30 Oct - CRISIL monitoring report on Rs44,990m IPO proceeds utilization for quarter ended Sept 30, 2025; unutilized Rs16,468.83m
Concalls
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Oct 2025TranscriptNotesPPTREC
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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: