Physicswallah Ltd.
•₹ 120.83-0.92%
2026-08-21
PROS
- Company is almost debt free
CONS
- Company is loss-making at the operating / net level
- Company has a low return on capital employed of -70.7%
- Company has a low return on equity of 0.0% over last 3 years
- Interest coverage is weak at -2.0x - earnings barely cover interest
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.68x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | PWL | 121.95 | 1735.41 | 35376.31 | 0.00 | -882.80 | -595.06 | 10539.50 | 1144.20 | -17.62 | -5.41 |
| 2. | SEIL | 210.15 | 582.14 | 3383.41 | 0.00 | 2.82 | -2.76 | 16.30 | 7.51 | 14.21 | 26.28 |
| 3. | CRIZAC | 171.60 | 13.62 | 3002.70 | 4.66 | 46.17 | 0.77 | 201.21 | -3.97 | 52.73 | 30.40 |
| 4. | VERANDA | 255.00 | 17.03 | 2456.95 | 0.00 | 33.87 | 467.88 | 149.54 | 7.37 | 22.75 | 35.96 |
| 5. | JARO | 439.60 | 25.77 | 979.01 | 1.14 | 11.17 | 48.33 | 70.75 | 16.60 | 25.32 | 21.43 |
| 6. | GLOBAL | 106.29 | 20.75 | 541.03 | 0.94 | 3.75 | -11.05 | 14.21 | -4.15 | 29.17 | 41.68 |
| 7. | CPEDU | 203.00 | 15.48 | 369.32 | 0.00 | 8.08 | 12.54 | 14.35 | -1.17 | 40.71 | 64.15 |
| 8. | CPCAP | 122.60 | 4.94 | 223.05 | 0.00 | 13.31 | 23.50 | 21.95 | 47.39 | 9.83 | 93.11 |
| 9. | VIRTUALG | 0.53 | 0.00 | 30.01 | 0.00 | 0.07 | 133.33 | 0.26 | — | -0.46 | 32.57 |
| 10. | TREEHOUSE | 6.19 | 0.00 | 26.19 | 0.00 | -2.13 | -233.00 | 1.15 | -20.14 | -6.84 | -212.70 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| 832 | 810 | 610 | 847 | 1,051 | 1,082 | 919 | 1,054 | |
| 698 | 626 | 838 | 1,054 | 870 | 846 | 890 | 1,247 | |
| Operating Profit | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — |
| Other Income | 31 | 40 | 57 | 55 | 47 | 65 | 65 | 109 |
| Interest | 13 | 19 | 28 | 33 | 25 | 21 | 23 | 26 |
| Depreciation | 89 | 93 | 98 | 98 | 105 | 113 | 122 | 111 |
| 62 | 111 | -330 | -152 | 99 | 144 | -81 | -84 | |
| Tax % | 34.08% | 30.85% | 12.26% | 16.46% | 29.49% | 28.84% | 14.17% | -4.70% |
| Net Profit | 0 | 0 | 0 | -127 | 70 | 102 | -69 | -88 |
| 0 | 0 | -1 | -0 | 0 | 0 | -0 | -0 | |
| Equity Capital | 6 | 6 | 218 | 219 | 219 | 286 | 286 | 290 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 6 | 6 | 218 | 219 | 219 | 286 | 286 | 290 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Sep 2024
- 832
- 698
- Operating Profit
- —
- OPM %
- —
- Other Income
- 31
- Interest
- 13
- Depreciation
- 89
- 62
- Tax %
- 34.08%
- Net Profit
- 0
- 0
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 810
- 626
- Operating Profit
- —
- OPM %
- —
- Other Income
- 40
- Interest
- 19
- Depreciation
- 93
- 111
- Tax %
- 30.85%
- Net Profit
- 0
- 0
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 610
- 838
- Operating Profit
- —
- OPM %
- —
- Other Income
- 57
- Interest
- 28
- Depreciation
- 98
- -330
- Tax %
- 12.26%
- Net Profit
- 0
- -1
- Equity Capital
- 218
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 218
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 847
- 1,054
- Operating Profit
- —
- OPM %
- —
- Other Income
- 55
- Interest
- 33
- Depreciation
- 98
- -152
- Tax %
- 16.46%
- Net Profit
- -127
- -0
- Equity Capital
- 219
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 219
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,051
- 870
- Operating Profit
- —
- OPM %
- —
- Other Income
- 47
- Interest
- 25
- Depreciation
- 105
- 99
- Tax %
- 29.49%
- Net Profit
- 70
- 0
- Equity Capital
- 219
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 219
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,082
- 846
- Operating Profit
- —
- OPM %
- —
- Other Income
- 65
- Interest
- 21
- Depreciation
- 113
- 144
- Tax %
- 28.84%
- Net Profit
- 102
- 0
- Equity Capital
- 286
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 286
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 919
- 890
- Operating Profit
- —
- OPM %
- —
- Other Income
- 65
- Interest
- 23
- Depreciation
- 122
- -81
- Tax %
- 14.17%
- Net Profit
- -69
- -0
- Equity Capital
- 286
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 286
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,054
- 1,247
- Operating Profit
- —
- OPM %
- —
- Other Income
- 109
- Interest
- 26
- Depreciation
- 111
- -84
- Tax %
- -4.70%
- Net Profit
- -88
- -0
- Equity Capital
- 290
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 290
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| 744 | 1,941 | 2,887 | 4,106 | |
| 759 | 2,916 | 2,813 | 3,853 | |
| Operating Profit | 14 | -901 | 226 | — |
| OPM % | 2 | -46 | 8 | — |
| Other Income | 28 | 75 | 152 | 285 |
| Interest | 21 | 65 | 85 | 94 |
| Depreciation | 83 | 298 | 366 | 450 |
| -89 | -1,193 | -259 | 77 | |
| Tax % | 6 | 5 | 6 | 81 |
| Net Profit | -84 | -1,131 | -243 | 14 |
| EPS | -0 | -173 | -1 | — |
| Dividend Payout % | 0 | 0 | 0 | — |
| Minority Interest | 3 | 91 | 27 | -11 |
| Share of Associates | 0 | 0 | 0 | 0 |
| Adjusted EPS | -0 | -5 | -1 | — |
| Minority Interest | 3 | 91 | 27 | -11 |
| Share of Associates | 0 | 0 | 0 | 0 |
| Adjusted EPS | -0 | -5 | -1 | — |
Mar 2023
- 744
- 759
- Operating Profit
- 14
- OPM %
- 2
- Other Income
- 28
- Interest
- 21
- Depreciation
- 83
- -89
- Tax %
- 6
- Net Profit
- -84
- EPS
- -0
- Dividend Payout %
- 0
- Minority Interest
- 3
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 3
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2024
- 1,941
- 2,916
- Operating Profit
- -901
- OPM %
- -46
- Other Income
- 75
- Interest
- 65
- Depreciation
- 298
- -1,193
- Tax %
- 5
- Net Profit
- -1,131
- EPS
- -173
- Dividend Payout %
- 0
- Minority Interest
- 91
- Share of Associates
- 0
- Adjusted EPS
- -5
- Minority Interest
- 91
- Share of Associates
- 0
- Adjusted EPS
- -5
Mar 2025
- 2,887
- 2,813
- Operating Profit
- 226
- OPM %
- 8
- Other Income
- 152
- Interest
- 85
- Depreciation
- 366
- -259
- Tax %
- 6
- Net Profit
- -243
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 27
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 27
- Share of Associates
- 0
- Adjusted EPS
- -1
TTM
- 4,106
- 3,853
- Operating Profit
- —
- OPM %
- —
- Other Income
- 285
- Interest
- 94
- Depreciation
- 450
- 77
- Tax %
- 81
- Net Profit
- 14
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- -11
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- -11
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
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:
- 0%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| LIABILITIES | - | - | - |
| 6 | 6 | 218 | |
| -257 | -1,434 | 269 | |
| 31 | 39 | 0 | |
| Trade Payables | 52 | 129 | 187 |
| 2,245 | 3,676 | 3,402 | |
| Total Liabilities | 2,076 | 2,416 | 4,077 |
| ASSETS | - | - | - |
| 1,121 | 1,464 | 1,586 | |
| Capital Work in Progress | 5 | 0 | 7 |
| 205 | 173 | 1,401 | |
| 23 | 53 | 77 | |
| 0 | 27 | 42 | |
| Cash & Bank | 530 | 79 | 175 |
| 193 | 620 | 790 | |
| Total Assets | 2,076 | 2,416 | 4,077 |
| Total Debt | 956 | 1,687 | 0 |
| Net Working Capital | 303 | -367 | 805 |
| Contingent Liabilities | 0 | 0 | 17 |
| Book Value per Share | -41.87 | -237.99 | 2.23 |
| Face Value | 1.00 | 1.00 | 1.00 |
| Total Debt | 956 | 1,687 | 0 |
| Net Working Capital | 303 | -367 | 805 |
| Contingent Liabilities | 0 | 0 | 17 |
| Book Value per Share | -41.87 | -237.99 | 2.23 |
| Face Value | 1.00 | 1.00 | 1.00 |
Mar 2023
- 6
- -257
- 31
- Trade Payables
- 52
- 2,245
- Total Liabilities
- 2,076
- 1,121
- Capital Work in Progress
- 5
- 205
- 23
- 0
- Cash & Bank
- 530
- 193
- Total Assets
- 2,076
- Total Debt
- 956
- Net Working Capital
- 303
- Contingent Liabilities
- 0
- Book Value per Share
- -41.87
- Face Value
- 1.00
- Total Debt
- 956
- Net Working Capital
- 303
- Contingent Liabilities
- 0
- Book Value per Share
- -41.87
- Face Value
- 1.00
Mar 2024
- 6
- -1,434
- 39
- Trade Payables
- 129
- 3,676
- Total Liabilities
- 2,416
- 1,464
- Capital Work in Progress
- 0
- 173
- 53
- 27
- Cash & Bank
- 79
- 620
- Total Assets
- 2,416
- Total Debt
- 1,687
- Net Working Capital
- -367
- Contingent Liabilities
- 0
- Book Value per Share
- -237.99
- Face Value
- 1.00
- Total Debt
- 1,687
- Net Working Capital
- -367
- Contingent Liabilities
- 0
- Book Value per Share
- -237.99
- Face Value
- 1.00
Mar 2025
- 218
- 269
- 0
- Trade Payables
- 187
- 3,402
- Total Liabilities
- 4,077
- 1,586
- Capital Work in Progress
- 7
- 1,401
- 77
- 42
- Cash & Bank
- 175
- 790
- Total Assets
- 4,077
- Total Debt
- 0
- Net Working Capital
- 805
- Contingent Liabilities
- 17
- Book Value per Share
- 2.23
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 805
- Contingent Liabilities
- 17
- Book Value per Share
- 2.23
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 270 | 212 | 507 | |
| Cash from Investing | -1,076 | -43 | -1,513 |
| Cash from Financing | 848 | -165 | 1,007 |
| 42 | 4 | 0 | |
| Free Cash Flow | 270 | -514 | 63 |
| OCF / Net Profit | -3.21 | -0.19 | -2.08 |
| Cumulative 5-Year FCF | 0 | 0 | 0 |
| OCF / Net Profit | -3.21 | -0.19 | -2.08 |
| Cumulative 5-Year FCF | 0 | 0 | 0 |
Mar 2023
- 270
- Cash from Investing
- -1,076
- Cash from Financing
- 848
- 42
- Free Cash Flow
- 270
- OCF / Net Profit
- -3.21
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -3.21
- Cumulative 5-Year FCF
- 0
Mar 2024
- 212
- Cash from Investing
- -43
- Cash from Financing
- -165
- 4
- Free Cash Flow
- -514
- OCF / Net Profit
- -0.19
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.19
- Cumulative 5-Year FCF
- 0
Mar 2025
- 507
- Cash from Investing
- -1,513
- Cash from Financing
- 1,007
- 0
- Free Cash Flow
- 63
- OCF / Net Profit
- -2.08
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -2.08
- Cumulative 5-Year FCF
- 0
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| PER SHARE | - | - | - |
| EPS (₹) | -13.57 | -173.41 | -0.99 |
| Book Value (₹) | -41.87 | -237.99 | 2.23 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -0.01 | -3.86 | 0.56 |
| PROFITABILITY | - | - | - |
| Operating Margin % | 1.86% | -50.25% | 2.55% |
| Net Margin % | -11.30% | -58.28% | -8.43% |
| ROE % | 0.00% | 0.00% | 0.00% |
| ROCE % | -8.89% | -185.71% | -17.62% |
| -4.05% | -50.36% | -7.49% | |
| EFFICIENCY | - | - | - |
| Debtor Days | 6 | 4 | 4 |
| Inventory Days | 11 | 7 | 8 |
| Payable Days | 497 | 365 | 470 |
| -480 | -354 | -457 | |
| FINANCIAL HEALTH | - | - | - |
| Debt to Equity (x) | -3.81x | -1.18x | 0.00x |
| Interest Coverage (x) | -3.32x | -17.33x | -2.03x |
| 1.59x | 0.66x | 1.56x | |
| GROWTH | - | - | - |
| Revenue Growth % | 0.00% | 160.74% | 48.74% |
| Operating Profit Growth % | 0.00% | -6598.53% | 125.09% |
| Net Profit Growth % | 0.00% | -1245.38% | 78.49% |
| 0.00% | -1177.43% | 99.43% | |
| VALUATION | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% |
| 0.00x | -1.79x | 3.88x |
Mar 2023
- EPS (₹)
- -13.57
- Book Value (₹)
- -41.87
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.01
- Operating Margin %
- 1.86%
- Net Margin %
- -11.30%
- ROE %
- 0.00%
- ROCE %
- -8.89%
- -4.05%
- Debtor Days
- 6
- Inventory Days
- 11
- Payable Days
- 497
- -480
- Debt to Equity (x)
- -3.81x
- Interest Coverage (x)
- -3.32x
- 1.59x
- 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 (₹)
- -173.41
- Book Value (₹)
- -237.99
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -3.86
- Operating Margin %
- -50.25%
- Net Margin %
- -58.28%
- ROE %
- 0.00%
- ROCE %
- -185.71%
- -50.36%
- Debtor Days
- 4
- Inventory Days
- 7
- Payable Days
- 365
- -354
- Debt to Equity (x)
- -1.18x
- Interest Coverage (x)
- -17.33x
- 0.66x
- Revenue Growth %
- 160.74%
- Operating Profit Growth %
- -6598.53%
- Net Profit Growth %
- -1245.38%
- -1177.43%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- -1.79x
Mar 2025
- EPS (₹)
- -0.99
- Book Value (₹)
- 2.23
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.56
- Operating Margin %
- 2.55%
- Net Margin %
- -8.43%
- ROE %
- 0.00%
- ROCE %
- -17.62%
- -7.49%
- Debtor Days
- 4
- Inventory Days
- 8
- Payable Days
- 470
- -457
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- -2.03x
- 1.56x
- Revenue Growth %
- 48.74%
- Operating Profit Growth %
- 125.09%
- Net Profit Growth %
- 78.49%
- 99.43%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 3.88x
Documents
Announcements
- Resignation of Director/KMP/SMP
2026-08-20 - Physicswallah Limited has informed the Exchange about Resignation of Director/KMP/SMP
- 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.
Annual Reports
Nothing filed yet.
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
Feb 2026
Dec 2025