Physicswallah Ltd.

•

pw.liveBSE: 544609NSE: PWL

Market Cap₹ 36,377 Cr.

Current Price

High / Low₹ 162 / 78

Stock P/E1159.4

Book Value₹ 18

Price to Book5.22

Dividend Yield0.00 %

ROCE2.2 %

ROE-1.4 %

Face Value₹ 1

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Consumer Services

Buy

Consumer services have a mixed operating backdrop but strong market sponsorship. Foreign tourist arrivals in India rose 6.0% YoY (2026-06), export of services grew 13.0% YoY (2026-06), and headline tourist arrivals were 584000 (Jun/26), though airport passenger traffic was -2.0% YoY (2026-06). Strong FPI inflow of INR 19847 crore over 3 months to 2026-08-31 supports a Buy stance despite some travel softness.

Confidence

73%

View full sector analysis →

PROS

Company is almost debt free
Operating margins have improved to 7.7% from 2.7%

CONS

Company is loss-making at the operating / net level
Company has a low return on capital employed of -39.2%
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of -0.5% over last 3 years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.27x)
Interest coverage is weak at 0.8x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer ServicesEducation & TrainingEducational Institutions

Part ofNIFTY TOTAL MKT NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	PWL	125.40	1784.50	36377.12	0.00	-882.80	-595.06	10539.50	1144.20	2.18	-5.41
2.	SEIL	194.45	538.65	3130.64	0.00	2.82	-2.76	16.30	7.51	10.42	26.28
3.	CRIZAC	176.00	13.97	3079.69	4.55	46.17	0.77	201.21	-3.97	52.73	30.40
4.	VERANDA	234.65	15.70	2264.53	0.00	33.87	467.88	149.54	7.37	22.75	35.96
5.	JARO	438.60	25.71	976.78	1.14	11.17	48.33	70.75	16.60	25.32	21.43
6.	GLOBAL	125.94	24.59	641.05	0.79	3.75	-11.05	14.21	-4.15	29.17	41.68
7.	CPEDU	190.05	14.49	345.76	1.32	8.08	12.54	14.35	-1.17	46.88	64.15
8.	CLEDUCATE	58.80	0.00	319.24	0.00	-1.67	55.01	127.51	-12.47	2.03	13.62
9.	CPCAP	134.50	5.42	244.70	0.00	13.31	23.50	21.95	47.39	9.83	93.11
10.	TREEHOUSE	6.31	0.00	26.70	0.00	-2.13	-233.00	1.15	-20.14	-6.84	-212.70

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	695	680	464	694	896	919	736	928
	543	492	740	883	724	723	770	1,058
Operating Profit	151	188	-276	-189	172	195	-34	-130
OPM %	21.80%	27.66%	-59.41%	-27.27%	19.16%	21.26%	-4.68%	-14.06%
	32	41	18	63	51	48	1	108
Interest	11	17	27	31	23	18	21	23
Depreciation	66	68	71	77	81	87	92	85
Profit before Tax	106	144	-355	-126	118	138	-146	-23
Tax %	19.83%	23.93%	11.39%	22.43%	24.71%	27.32%	9.96%	-15.12%
Net Profit	85	110	-314	-98	89	100	-132	-26
	0.35	0.44	-0.89	-0.38	0.34	0.37	-0.46	-0.09

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	735	1,536	2,334	3,245	3,478
	744	2,413	2,261	2,994	3,276
Operating Profit	-10	-876	73	251	202
OPM %	-1.31%	-57.02%	3.14%	7.73%	5.81%
	29	15	120	164	208
Interest	20	59	77	93	85
Depreciation	80	211	267	337	345
Profit before Tax	-81	-1,131	-150	-16	87
Tax %	5.28%	5.31%	9.86%	-153.14%	64.03%
Net Profit	-77	-1,071	-136	-40	31
EPS	-12.80	-178.50	-0.62	-0.14	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 64%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 0%
Last Year:: -1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6	6	218	286
	21	-1,048	717	4,508
	1,334	2,370	957	980
Trade Payables	41	90	155	223
	445	880	2,052	1,718
Total Liabilities	1,847	2,299	4,099	7,715
	585	935	1,121	1,189
Capital Work in Progress	5	0	7	5
	494	516	1,828	3,192
	21	48	71	99
	0	17	33	55
Cash & Bank	486	54	143	1,055
	257	730	896	2,120
Total Assets	1,847	2,299	4,099	7,715

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	292	295	473	821
Cash from Investing	-1,092	-150	-1,517	-3,310
Cash from Financing	850	-148	1,039	2,776
	24	-3	-6	287

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Nov 2025	Dec 2025	Mar 2026	Jun 2026
	72.30	72.30	72.30	71.27
	11.90	12.40	11.56	12.01
	12.83	12.75	13.46	13.12
Government	0.00	0.00	0.00	0.00
	2.98	2.56	2.68	3.60

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

ESOP/ESOS/ESPS

2026-09-10 - Physicswallah Limited has informed the exchange regarding allotment of equity shares pursuant to exercise of stock options.

2026-09-09

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-09 - Physicswallah Limited has informed the exchange regarding Schedule of Analyst/Investor Meet.

2026-09-08

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-08 - Physicswallah Limited has informed the Exchange regarding Schedule of Analysts and Investor Meet.

2026-09-02

Copy of Newspaper Publication

2026-09-02 - Physicswallah Limited has informed informed the exchange regarding Newspaper Publication of information pertaining to the 06th AGM of the Company (Post-Dispatch).

2026-09-01

General Updates

2026-09-01 - Physicswallah Limited has informed the Exchange regarding letter to Shareholders providing Web-Link

2026-09-01

Shareholders meeting

2026-09-01 - Physicswallah Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 25, 2026

2026-08-28

Copy of Newspaper Publication

2026-08-28 - Physicswallah Limited has informed the Exchange regarding newspaper publication of information pertaining to the 06th AGM of the Company (Pre-Dispatch).

2026-08-20

Resignation of Director/KMP/SMP

2026-08-20 - Physicswallah Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-20

Resignation

2026-08-20 - Physicswallah Limited has informed the Exchange regarding Resignation of Non- Executive Nominee Director of the company w.e.f. August 19, 2026.

News

Recent coverage and analyst commentary for PWL

Loading news…

🤖

AI Stock Analyst

Physicswallah Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

PWL

125.40

1784.50

36377.12

0.00

-882.80

-595.06

10539.50

1144.20

2.18

-5.41

SEIL

194.45

538.65

3130.64

0.00

2.82

-2.76

16.30

7.51

10.42

26.28

CRIZAC

176.00

13.97

3079.69

4.55

46.17

0.77

201.21

-3.97

52.73

30.40

VERANDA

234.65

15.70

2264.53

0.00

33.87

467.88

149.54

7.37

22.75

35.96

JARO

438.60

25.71

976.78

1.14

11.17

48.33

70.75

16.60

25.32

21.43

GLOBAL

125.94

24.59

641.05

0.79

3.75

-11.05

14.21

-4.15

29.17

41.68

CPEDU

190.05

14.49

345.76

1.32

8.08

12.54

14.35

-1.17

46.88

64.15

CLEDUCATE

58.80

0.00

319.24

0.00

-1.67

55.01

127.51

-12.47

2.03

13.62

CPCAP

134.50

5.42

244.70

0.00

13.31

23.50

21.95

47.39

9.83

93.11

TREEHOUSE

6.31

0.00

26.70

0.00

-2.13

-233.00

1.15

-20.14

-6.84

-212.70

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

695

680

464

694

896

919

736

928

543

492

740

883

724

723

770

1,058

Operating Profit

151

188

-276

-189

172

195

-34

-130

OPM %

21.80%

27.66%

-59.41%

-27.27%

19.16%

21.26%

-4.68%

-14.06%

108

Interest

Depreciation

Profit before Tax

106

144

-355

-126

118

138

-146

-23

Tax %

19.83%

23.93%

11.39%

22.43%

24.71%

27.32%

9.96%

-15.12%

Net Profit

110

-314

-98

100

-132

-26

0.35

0.44

-0.89

-0.38

0.34

0.37

-0.46

-0.09

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

735

1,536

2,334

3,245

3,478

744

2,413

2,261

2,994

3,276

Operating Profit

-10

-876

251

202

OPM %

-1.31%

-57.02%

3.14%

7.73%

5.81%

120

164

208

Interest

Depreciation

211

267

337

345

Profit before Tax

-81

-1,131

-150

-16

Tax %

5.28%

5.31%

9.86%

-153.14%

64.03%

Net Profit

-77

-1,071

-136

-40

EPS

-12.80

-178.50

-0.62

-0.14

—

Dividend Payout %

0.00%

—

Mar 2023

Mar 2024

Mar 2025

Mar 2026

218

286

-1,048

717

4,508

1,334

2,370

957

980

Trade Payables

155

223

445

880

2,052

1,718

Total Liabilities

1,847

2,299

4,099

7,715

585

935

1,121

1,189

Capital Work in Progress

494

516

1,828

3,192

Cash & Bank

486

143

1,055

257

730

896

2,120

Total Assets

1,847

2,299

4,099

7,715

Mar 2023

Mar 2024

Mar 2025

Mar 2026

292

295

473

821

Cash from Investing

-1,092

-150

-1,517

-3,310

Cash from Financing

850

-148

1,039

2,776

-3

-6

287

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Nov 2025

Dec 2025

Mar 2026

Jun 2026

72.30

71.27

11.90

12.40

11.56

12.01

12.83

12.75

13.46

13.12

Government

0.00

2.98

2.56

2.68

3.60

Physicswallah Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Physicswallah Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI