Swiggy Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Supply chain and distribution: 47.4% • Food Delivery: 34.0% • Quick-commerce: 16.7%
AI Sector View
AI GENERATEDConsumer Services
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.
PROS
- Company is almost debt free
- Company has delivered good sales growth of 55.4% CAGR over last 5 years
- Operating margins have improved to -13.7% from -46.0%
- Institutional investors have been accumulating - FII+DII up 20.5pp
CONS
- Company is loss-making at the operating / net level
- Operating cash flow has been negative in recent years
- Promoter holding has decreased over last 2 years: -94.5pp
- Company has a low return on capital employed of -29.1%
- Interest coverage is weak at -19.8x - earnings barely cover interest
- Company has a low return on equity of -11.3% over last 3 years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ETERNAL | 320.00 | 713.19 | 308811.22 | 0.00 | 92.00 | 268.00 | 20211.00 | 182.00 | 3.29 | 2.94 |
| MEESHO | 216.95 | 70.22 | 100365.86 | 0.00 | -1328.35 | -359.07 | 37128.11 | 1382.83 | -41.16 | -6.05 |
| NYKAA | 343.00 | 383.58 | 98245.31 | 0.00 | 79.76 | 225.95 | 2782.00 | 29.10 | 20.15 | 8.48 |
| SWIGGY | 283.25 | 0.00 | 78185.88 | 0.00 | -791.00 | 33.92 | 6812.00 | 37.31 | -27.59 | -9.56 |
| INDIAMART | 1672.95 | 20.39 | 10061.65 | 3.59 | 172.20 | 12.18 | 414.40 | 11.37 | 28.39 | 31.83 |
| SHIPROCKET | 132.60 | 0.00 | 9647.68 | 0.00 | -137.14 | — | 5920.87 | — | -3.02 | -1.84 |
| FIRSTCRY | 172.65 | 70.72 | 9013.89 | 0.00 | -43.95 | 33.91 | 2106.23 | 13.08 | -0.20 | 2.83 |
| IBULLSLTD | 25.09 | 13.96 | 5851.50 | 0.00 | 1410.20 | 53516.67 | 3594.50 | — | 0.00 | 42.82 |
| MSTCLTD | 760.10 | 22.84 | 5351.10 | 2.07 | 58.22 | 37.50 | 94.24 | 21.71 | 30.28 | 61.36 |
| ISFT | 82.55 | 9.81 | 134.65 | 0.00 | 4.54 | 10.85 | 139.63 | 8.25 | 6.12 | 3.50 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,763 | 3,049 | 3,046 | 3,222 | 3,601 | 3,993 | 4,410 | 4,961 | 5,561 | 6,148 | 6,383 | 6,812 | |
| 3,387 | 3,574 | 3,531 | 3,766 | 4,155 | 4,718 | 5,372 | 5,915 | 6,359 | 6,930 | 7,080 | 7,813 | |
| Operating Profit | -623 | -525 | -485 | -544 | -554 | -725 | -962 | -954 | -798 | -782 | -697 | -1,001 |
| OPM % | -22.55% | -17.23% | -15.94% | -16.88% | -15.38% | -18.16% | -21.81% | -19.23% | -14.35% | -12.72% | -10.92% | -14.69% |
| 87 | 78 | 73 | 75 | 82 | 107 | 121 | 87 | 59 | 86 | 266 | 211 | |
| Interest | 15 | 18 | 20 | 20 | 23 | 26 | 32 | 41 | 48 | 55 | 56 | 53 |
| Depreciation | 105 | 108 | 117 | 122 | 131 | 154 | 206 | 288 | 304 | 313 | 312 | 298 |
| Profit before Tax | -656 | -574 | -550 | -611 | -626 | -798 | -1,079 | -1,196 | -1,091 | -1,064 | -799 | -791 |
| Tax % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
| Net Profit | 0 | 0 | 0 | 0 | -626 | -799 | -1,081 | -1,197 | -1,092 | -1,065 | -800 | -791 |
| -3.00 | -2.61 | -2.52 | -2.76 | -2.80 | -3.48 | -4.60 | -5.04 | -4.59 | -4.36 | -3.34 | -2.96 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 1,128 | 3,468 | 2,547 | 5,705 | 8,265 | 11,247 | 15,227 | 23,053 | 24,904 | |
| 3,634 | 7,293 | 3,843 | 9,356 | 12,540 | 13,455 | 18,012 | 26,284 | 28,182 | |
| Operating Profit | -2,506 | -3,825 | -1,296 | -3,651 | -4,276 | -2,208 | -2,785 | -3,231 | -3,278 |
| OPM % | -222.06% | -110.29% | -50.90% | -64.00% | -51.74% | -19.63% | -18.29% | -14.02% | -13.16% |
| 169 | 218 | -19 | 242 | 441 | 356 | 384 | 498 | 622 | |
| Interest | 5 | 85 | 75 | 48 | 58 | 71 | 101 | 200 | 212 |
| Depreciation | 20 | 217 | 221 | 170 | 286 | 421 | 612 | 1,217 | 1,227 |
| Profit before Tax | -2,362 | -3,908 | -1,612 | -3,629 | -4,179 | -2,350 | -3,117 | -4,154 | -3,745 |
| Tax % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
| Net Profit | -2,362 | -3,908 | -1,612 | -3,629 | -4,179 | -2,350 | -3,117 | -4,154 | -3,745 |
| EPS | 0.00 | -383864.00 | -99.00 | -18.62 | -19.33 | -781.85 | -13.61 | -15.92 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 55%
- 3 Years:
- 41%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -34%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- -7%
- 3 Years:
- -11%
- Last Year:
- -34%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 1 | 3 | 3 | 229 | 261 | |
| 5,634 | 2,536 | 1,264 | -3,892 | -7,441 | -9,271 | 8,024 | 15,948 | |
| 0 | 783 | 482 | 427 | 482 | 644 | 1,377 | 2,078 | |
| Trade Payables | 461 | 289 | 348 | 956 | 873 | 881 | 1,818 | 2,278 |
| 289 | 794 | 822 | 16,914 | 17,364 | 18,272 | 3,757 | 4,672 | |
| Total Liabilities | 6,383 | 4,402 | 2,915 | 14,406 | 11,281 | 10,529 | 15,205 | 25,237 |
| 139 | 1,332 | 747 | 801 | 1,505 | 2,041 | 3,631 | 4,558 | |
| Capital Work in Progress | 18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5,407 | 1,879 | 925 | 10,348 | 6,541 | 5,171 | 2,677 | 6,034 | |
| 4 | 28 | 16 | 18 | 11 | 49 | 55 | 76 | |
| 0 | 0 | 0 | 0 | 0 | 964 | 2,463 | 4,048 | |
| Cash & Bank | 289 | 583 | 702 | 1,104 | 864 | 891 | 3,300 | 4,043 |
| 526 | 580 | 525 | 2,135 | 2,360 | 1,414 | 3,079 | 6,478 | |
| Total Assets | 6,383 | 4,402 | 2,915 | 14,406 | 11,281 | 10,529 | 15,205 | 25,237 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| -2,336 | -3,803 | -1,280 | -3,841 | -4,015 | -1,313 | -2,169 | -2,898 | |
| Cash from Investing | -4,625 | 3,195 | 1,282 | -9,160 | 3,968 | 1,458 | -1,372 | -4,983 |
| Cash from Financing | 7,068 | 849 | 14 | 13,634 | -172 | -123 | 3,903 | 9,397 |
| 96 | 202 | 120 | 574 | -264 | 23 | 362 | 1,516 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-07 - Swiggy Limited has informed the Exchange about the sale/disposal of stake in step down wholly owned subsidiary of the Company.
2026-09-03 - Swiggy Limited has informed the Exchange about Schedules of meet
2026-08-18 - Swiggy Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 18, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
2026-08-06 - Swiggy Limited has informed the Exchange regarding a press release dated August 06, 2026, titled "Swiggy Eyes INR 10,000 Cr. Adj. EBITDA by FY31, Backed by Affordability in Food and Differentiated Instamart Strategy".
2026-08-06 - Swiggy Limited has informed the Exchange about Investor Presentation
2026-08-05 - Swiggy Limited has informed the Exchange about Transcript
2026-07-31 - Swiggy Limited has informed the Exchange about Copy of Newspaper Publication of Unaudited Financial Results for the quarter ended June 30, 2026
2026-07-31 - Swiggy Limited has informed the Exchange about Link of Recording
2026-07-30 - Monitoring Agency Report for the quarter ended June 30, 2026
News
Recent coverage and analyst commentary for SWIGGY
Loading news…
AI Stock Analyst
Swiggy Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account