MarketFriction

Physicswallah Ltd

NSE PWL · BSE 544609 · E-Learning
₹120.17 -2.68%
NSE close2026-10-01
52 week range77.72 - 161.99
Market cap₹36,356 Cr.
P/E595
IPO 2025 · +10% since Nifty 500Nifty Smallcap 100Smallcap 250 Price band 20% Delivery 33.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8328106108471,0511,0829191,054
Expenses6986268389238708468901,111
Operating Profit134184-229-7618123629-57
OPM %16%23%-38%-9%17%22%3.1%-5%
Other Income31402555474136109
Interest1319283325212326
Depreciation89939898105113122111
Profit before tax62111-330-15299144-81-84
Tax %34%31%-12%-16%29%29%-14%5%
Net Profit4177-289-12770102-69-88
EPS in Rs7.4215.11-1.34-0.550.330.35-0.26-0.27
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2337441,9402,8873,9004,106
Expenses997662,9162,8133,5293,717
Operating Profit134-22-97573370389
OPM %57%-2.9%-50%2.5%9%9%
Other Income228146120179233
Interest021658510294
Depreciation475298366437450
Profit before tax132-89-1,193-2591078
Tax %25%-6%-5%-6%344%
Net Profit98-84-1,131-243-2415
EPS in Rs16.37-13.57-173.43-0.99-0.080.15
Dividend Payout %0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%%74%33%
Compounded Profit Growth%%23%125%
Stock Price CAGR%%%%
Return on Equity%%%-1%
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital666218286
Reserves100-189-1,2534723,411
Borrowings09561,6871,8311,876
Other Liabilities671,3072,0401,6472,125
Total Liabilities1732,0802,4814,1687,697
Fixed Assets271,1211,4641,5861,830
CWIP65098
Investments242051731,4012,426
Other Assets1167488441,1723,433
Total Assets1732,0802,4814,1687,697
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity59270212507833
Cash from Investing Activity-58-1,076-43-1,513-3,282
Cash from Financing Activity0848-1651,0072,755
Net Cash Flow14241306
Free Cash Flow371241340494
CFO/OP69%-1,354%-22%693%233%
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days06758
Inventory Days174
Days Payable398
Cash Conversion Cycle0-217758
Working Capital Days-82-214-112-8820
ROCE %-15%-172%-9%4%
Dec 2025Mar 2026Jun 2026
Promoters72.30%72.30%71.27%
FIIs12.40%11.56%12.01%
DIIs12.75%13.46%13.12%
Public2.57%2.68%3.60%
No. of Shareholders2,03,1281,94,9931,79,493

Fundamentals

Market Cap₹ 36,356 Cr.
Current Price₹ 125
Stock P/E595
Book Value₹ 12.9
ROCE3.99 %
ROE-0.63 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)33%
Compounded Profit Growth (TTM)125%
Consolidated figures.
Ownership
Promoter holding71.27%
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodPWLNifty 50Difference
1 week-9.4%-2.8% -6.6 pts
1 month+4.6%-6.8% +11.3 pts
3 months-7.7%-7.6% -0.1 pts
6 months+37.7%+0.4% +37.2 pts
75 mutual fund schemes hold about ₹2,065 Cr. Over three months 11 bought more and 27 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Small Cap Fund0.47%385 -10%
Motilal Oswal Midcap Fund0.53%225 -1%
ICICI Pru Aggressive Hybrid Fund(A0.40%209 +56%
360 ONE Focused Fund2.31%157 +17%
ICICI Pru Technology Fund0.79%107 +78%
ICICI Pru Innovation Fund1.28%101 +100%
Helios Flexi Cap Fund0.92%80 -12%
Canara Rob Mid Cap Fund1.49%78 -6%
SBI Innovative Opportunities Fund1.34%70 -5%
SBI Small Cap Fund0.14%59 -4%
DSP Multi Cap Fund1.87%57 -2%
ICICI Pru Dividend Yield Fund0.71%47 +100%
Aditya Birla SL Digital India Fund0.89%37 -11%
TRUSTMF Small Cap Fund1.09%31 +3%
Baroda BNP Paribas Small Cap Fund2.40%31 -12%
Tata Multi Asset Allocation Fund0.56%29 -17%
Helios Mid Cap Fund1.30%29 -18%
360 ONE Flexicap Fund1.27%29 -4%
Invesco India ELSS Tax Saver Fund0.95%26 -3%
Canara Rob Multi Cap Fund0.43%25 +54%
Bandhan Innovation Fund0.90%24 +1%
Kotak Small Cap Fund0.10%21 -53%
Kotak Pioneer Fund0.47%20 -53%
Aditya Birla SL Balanced Advantage Fund0.20%20 -41%
iSIF Equity Ex-Top 100 Long-Short Fund0.77%19 +100%

Red flags

lookAuditor change Auditor change 2026-08-14: Physicswallah Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,054 Cr +24.4% vs Jun 2025. Net loss ₹88 Cr.

Activity

Compare
No bulk or block deals on record.
No corporate actions on record.
DateTypeWhat it says
2026-10-01ESOP grantGrant of Stock Options
2026-09-25Shareholder meetingVoting results.
2026-09-25Shareholder meetingProceedings of Annual General Meeting held on September 25, 2026
2026-09-23Concall / analyst meetPhysicswallah Limited has informed the exchange regarding Schedule of Analysts/Investors Meet.
2026-09-18Concall / analyst meetPhysicswallah Limited has informed the exchange regarding Schedule of Analyst/Investor Meet.
2026-09-10ESOPPhysicswallah Limited has informed the exchange regarding allotment of equity shares pursuant to exercise of stock options.
2026-09-09Concall / analyst meetPhysicswallah Limited has informed the exchange regarding Schedule of Analyst/Investor Meet.
2026-09-08Concall / analyst meetSchedule of Analysts and Investor Meet.
2026-09-01General UpdatesLetter to Shareholders providing Web-Link
2026-09-01Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-08-20ResignationResignation of Director/KMP/SMP
2026-08-20ResignationResignation of Non- Executive Nominee Director of the company w.e.f. August 19, 2026.
2026-08-20Concall / analyst meetTranscript
2026-08-14Concall / analyst meetLink of Recording
2026-08-14Monitoring Agency ReportMonitoring Agency Report for the quarter ended June 30, 2026.
2026-08-14AcquisitionAcquisition
2026-08-14Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-08-14AppointmentAppointment of Mr Anoop Kumar Mittal as Non- Executive Independent Director of the company.
2026-08-14Change in AuditorsChange in Auditors of the company.
2026-08-14General UpdatesShareholders Letter on the financial results for the quarter ended June 30, 2026
2026-08-14Press ReleaseA press release dated August 14, 2026, titled "Press Release on the Financial Results for the quarter ended June 30, 2026.".
2026-08-14Board meeting outcomePhysicswallah Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-11Concall / analyst meetThe schedule of the Earnings Conference Call to discuss the unaudited financial results for the quarter ended June 30, 2026.
2026-07-31ResignationResignation of Director/KMP/SMP
2026-07-31ResignationResignation of Senior management personnel of the company w.e.f. July 31, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Physicswallah Ltd?

Physicswallah Ltd (PWL) has a market capitalisation of Rs 36,356 Cr. at the 2026-10-01 close.

What is the P/E ratio of Physicswallah Ltd?

Physicswallah Ltd trades at a P/E of 595 on trailing twelve-month profit, at the 2026-10-01 close.

What were Physicswallah Ltd's latest quarterly results?

In the Jun 2026 quarter, Physicswallah Ltd sales was Rs 1,054 Cr (+24.4% vs Jun 2025) with a net loss of Rs 88 Cr.

What is the 52-week high and low of Physicswallah Ltd?

The 52-week high is Rs 161.99 and the 52-week low is Rs 77.72.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03