Billionbrains Garage Ventures Ltd.

197.01-1.85%

2026-08-21

groww.inBSE: 544603NSE: GROWW
Market Cap₹ 1,21,833 Cr.
Current Price₹ 201
High / Low₹ 227 / 112
Stock P/E49.9
Book Value₹ 16
Price to Book9.94
Dividend Yield0.00 %
ROCE37.5 %
ROE29.7 %
Face Value₹ 2

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ABOUT

KEY POINTS

PROS

  • Company is almost debt free
  • Company has a healthy return on capital (ROCE) of 26.5%
  • Operating margins have improved to 58.7% from 45.4%
  • Company comfortably covers its interest (62.4x coverage)
  • Attractively priced for its growth - PEG of 0.8

CONS

  • Operating cash flow has been negative in recent years
  • Receivables are growing faster than sales - a possible quality concern
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.03x)
  • Equity base is being diluted - shares outstanding up 5939.4%
  • Free cash flow has been persistently negative
  • Stock is trading at 9.9x its book value

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

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.GROWW194.2049.94121833.250.007350.4015014.201560.1337.5464.60
2.PAYTM1585.20156.36101632.420.00220.0079.592448.0027.67-4.438.29
3.POLICYBZR1780.00110.0782359.690.001629.101824.5118882.801300.816.857.24
4.PINELABS157.65142.9118190.570.00195.703985.597369.201096.47-1.3712.88
5.STYL379.5523.286141.340.6660.3463.78376.4721.1037.7123.21
6.CCAVENUE14.8917.715206.170.0084.7745.082680.40109.378.633.80
7.TURTLEMINT139.000.004093.260.00-377.802940.80-38.38-11.20
8.MOBIKWIK195.900.001542.650.007.62118.17281.483.73-8.652.88
9.SUVIDHAA2.390.0050.140.00-1.9155.582.40135.29-32.85-70.42
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2024
1,125
575
Operating Profit
OPM %
Other Income
35
Interest
9
Depreciation
6
570
Tax %
26.27%
Net Profit
0
1
Equity Capital
311
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
311
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
975
-40
Operating Profit
OPM %
Other Income
30
Interest
16
Depreciation
7
1,022
Tax %
25.87%
Net Profit
0
1
Equity Capital
366
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
366
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
801
413
Operating Profit
OPM %
Other Income
49
Interest
16
Depreciation
7
414
Tax %
25.26%
Net Profit
0
1
Equity Capital
366
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
366
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
904
421
Operating Profit
OPM %
Other Income
44
Interest
16
Depreciation
7
504
Tax %
24.78%
Net Profit
0
1
Equity Capital
419
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
419
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
1,019
415
Operating Profit
OPM %
Other Income
52
Interest
11
Depreciation
7
638
Tax %
26.06%
Net Profit
471
1
Equity Capital
1,198
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
1,198
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
1,216
496
Operating Profit
OPM %
Other Income
45
Interest
10
Depreciation
9
746
Tax %
26.55%
Net Profit
547
1
Equity Capital
1,235
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
1,235
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
1,505
567
Operating Profit
OPM %
Other Income
30
Interest
8
Depreciation
24
936
Tax %
26.63%
Net Profit
686
1
Equity Capital
1,248
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
1,248
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
15,014
5,557
Operating Profit
OPM %
Other Income
472
Interest
73
Depreciation
176
9,923
Tax %
25.92%
Net Profit
7,350
1
Equity Capital
12,547
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
12,547
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023
1,142
743
Operating Profit
518
OPM %
45
Other Income
119
Interest
2
Depreciation
12
504
Tax %
9
Net Profit
458
EPS
1
Dividend Payout %
0
Minority Interest
-0
Share of Associates
0
Adjusted EPS
3
Minority Interest
-0
Share of Associates
0
Adjusted EPS
3
Mar 2024
2,609
2,044
Operating Profit
752
OPM %
29
Other Income
187
Interest
4
Depreciation
20
-618
Tax %
-30
Net Profit
-805
EPS
-388
Dividend Payout %
0
Minority Interest
1
Share of Associates
0
Adjusted EPS
-5
Minority Interest
1
Share of Associates
0
Adjusted EPS
-5
Mar 2025
3,902
1,529
Operating Profit
2,532
OPM %
65
Other Income
160
Interest
43
Depreciation
25
2,464
Tax %
26
Net Profit
1,824
EPS
10
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
9
Minority Interest
0
Share of Associates
0
Adjusted EPS
9
Mar 2026
4,645
1,917
Operating Profit
2,918
OPM %
63
Other Income
190
Interest
46
Depreciation
48
2,821
Tax %
26
Net Profit
2,083
EPS
3
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
TTM
5,242
2,033
Operating Profit
OPM %
Other Income
174
Interest
37
Depreciation
58
3,312
Tax %
26
Net Profit
2,442
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
-3
Adjusted EPS
Minority Interest
0
Share of Associates
-3
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
3 Years:
60%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:
66%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:
5 Years:
3 Years:
18%
Last Year:
30%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

No bonus data found

Mar 2023
21
3,115
0
Trade Payables
1,373
298
Total Liabilities
4,807
321
1,252
0
Cash & Bank
1,661
1,574
Total Assets
4,807
Total Debt
0
Net Working Capital
2,547
Contingent Liabilities
8
Book Value per Share
1517.44
Face Value
10.00
Total Debt
0
Net Working Capital
2,547
Contingent Liabilities
8
Book Value per Share
1517.44
Face Value
10.00
Mar 2024
21
2,317
24
Trade Payables
3,916
1,696
Total Liabilities
7,974
396
1,448
69
Cash & Bank
3,682
2,378
Total Assets
7,974
Total Debt
24
Net Working Capital
1,033
Contingent Liabilities
100
Book Value per Share
1127.58
Face Value
10.00
Total Debt
24
Net Working Capital
1,033
Contingent Liabilities
100
Book Value per Share
1127.58
Face Value
10.00
Mar 2025
366
4,244
334
Trade Payables
4,562
556
Total Liabilities
10,061
402
1,907
97
Cash & Bank
4,256
3,400
Total Assets
10,061
Total Debt
544
Net Working Capital
3,635
Contingent Liabilities
404
Book Value per Share
25.21
Face Value
2.00
Total Debt
544
Net Working Capital
3,635
Contingent Liabilities
404
Book Value per Share
25.21
Face Value
2.00
Mar 2026
1,248
8,170
209
Trade Payables
8,057
816
Total Liabilities
18,501
1,492
2,638
277
Cash & Bank
8,339
5,755
Total Assets
18,501
Total Debt
224
Net Working Capital
5,571
Contingent Liabilities
813
Book Value per Share
15.10
Face Value
2.00
Total Debt
224
Net Working Capital
5,571
Contingent Liabilities
813
Book Value per Share
15.10
Face Value
2.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023
548
Cash from Investing
-371
Cash from Financing
-5
172
Free Cash Flow
548
OCF / Net Profit
1.20
Cumulative 5-Year FCF
0
OCF / Net Profit
1.20
Cumulative 5-Year FCF
0
Mar 2024
885
Cash from Investing
-911
Cash from Financing
4
-22
Free Cash Flow
798
OCF / Net Profit
-1.10
Cumulative 5-Year FCF
0
OCF / Net Profit
-1.10
Cumulative 5-Year FCF
0
Mar 2025
-962
Cash from Investing
140
Cash from Financing
876
53
Free Cash Flow
-974
OCF / Net Profit
-0.53
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.53
Cumulative 5-Year FCF
0
Mar 2026
-21
Cash from Investing
-1,351
Cash from Financing
2,175
804
Free Cash Flow
-1,149
OCF / Net Profit
-0.01
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.01
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023
EPS (₹)
221.51
Book Value (₹)
1517.44
Dividend per Share (₹)
0.00
Cash EPS (₹)
2.64
Operating Margin %
45.40%
Net Margin %
40.10%
ROE %
14.60%
ROCE %
15.25%
9.52%
Debtor Days
12
Inventory Days
0
Payable Days
0
12
Debt to Equity (x)
0.00x
Interest Coverage (x)
244.17x
2.74x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
-388.24
Book Value (₹)
1127.58
Dividend per Share (₹)
0.00
Cash EPS (₹)
-4.39
Operating Margin %
21.67%
Net Margin %
-30.87%
ROE %
-29.43%
ROCE %
-20.88%
-12.60%
Debtor Days
7
Inventory Days
0
Payable Days
0
7
Debt to Equity (x)
0.01x
Interest Coverage (x)
-146.33x
1.19x
Revenue Growth %
128.58%
Operating Profit Growth %
45.15%
Net Profit Growth %
-275.97%
-275.27%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
-4.78x
Mar 2025
EPS (₹)
9.98
Book Value (₹)
25.21
Dividend per Share (₹)
0.00
Cash EPS (₹)
8.79
Operating Margin %
60.80%
Net Margin %
46.76%
ROE %
52.52%
ROCE %
62.92%
20.23%
Debtor Days
8
Inventory Days
0
Payable Days
0
8
Debt to Equity (x)
0.12x
Interest Coverage (x)
58.90x
1.73x
Revenue Growth %
49.53%
Operating Profit Growth %
236.66%
Net Profit Growth %
326.50%
102.57%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
-1.30x
Mar 2026
EPS (₹)
3.34
Book Value (₹)
15.10
Dividend per Share (₹)
0.00
Cash EPS (₹)
3.42
Operating Margin %
58.73%
Net Margin %
44.85%
ROE %
29.70%
ROCE %
37.54%
14.59%
Debtor Days
15
Inventory Days
0
Payable Days
0
15
Debt to Equity (x)
0.02x
Interest Coverage (x)
62.41x
1.64x
Revenue Growth %
19.04%
Operating Profit Growth %
15.22%
Net Profit Growth %
14.18%
-66.54%
P/E (x)
44.96x
P/B (x)
9.94x
Dividend Yield %
0.00%
29.32x

Shareholding Pattern

Numbers in percentages

TRADES
Nov 2025
27.81
57.14
3.88
Government
0.00
11.17
Dec 2025
27.81
3.13
4.92
Government
0.00
64.13
Mar 2026
27.38
2.51
5.92
Government
0.00
64.19
Jun 2026
27.14
6.89
10.08
Government
0.00
55.89

Documents

Announcements

  • ESOP/ESOS/ESPS

    2026-08-13 - Billionbrains Garage Ventures Limited has informed the Exchange regarding Grant of 149874 Options under Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024.

  • Sale or disposal

    2026-08-04 - Billionbrains Garage Ventures Limited has informed the Exchange about the update on proposed investment by State Street Global Advisors, Inc. in Groww Asset Management Limited (Subsidiary) is annexed herewith.

Annual Reports

Credit Ratings

  • Credit Rating

    2026-07-30 - Billionbrains Garage Ventures Limited has informed the Exchange about Credit Rating

  • Credit Rating- New

    2026-04-01 - Billionbrains Garage Ventures Limited has informed the Exchange about Credit Rating- New

  • Credit Rating

    2025-11-28 - Billionbrains Garage Ventures Limited has informed the Exchange about Credit Rating

Concalls