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 equity of -96.3% over last 3 years
- Company has a low return on capital employed of -41.8%
- Receivables are growing faster than sales - a possible quality concern
- Interest coverage is weak at -1.0x - earnings barely cover interest
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.80x)
* 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
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 | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — |
| Other Income | 32 | 41 | 60 | 63 | 51 | 70 | 68 | 108 |
| Interest | 11 | 17 | 27 | 31 | 23 | 18 | 21 | 23 |
| Depreciation | 66 | 68 | 71 | 77 | 81 | 87 | 92 | 85 |
| 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 | 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
- 695
- 543
- Operating Profit
- —
- OPM %
- —
- Other Income
- 32
- Interest
- 11
- Depreciation
- 66
- 106
- Tax %
- 19.83%
- Net Profit
- 85
- 0
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 680
- 492
- Operating Profit
- —
- OPM %
- —
- Other Income
- 41
- Interest
- 17
- Depreciation
- 68
- 144
- Tax %
- 23.93%
- Net Profit
- 110
- 0
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 464
- 740
- Operating Profit
- —
- OPM %
- —
- Other Income
- 60
- Interest
- 27
- Depreciation
- 71
- -355
- Tax %
- 11.39%
- Net Profit
- -314
- -1
- Equity Capital
- 218
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 218
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 694
- 883
- Operating Profit
- —
- OPM %
- —
- Other Income
- 63
- Interest
- 31
- Depreciation
- 77
- -126
- Tax %
- 22.43%
- Net Profit
- -98
- -0
- Equity Capital
- 219
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 219
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 896
- 724
- Operating Profit
- —
- OPM %
- —
- Other Income
- 51
- Interest
- 23
- Depreciation
- 81
- 118
- Tax %
- 24.71%
- Net Profit
- 89
- 0
- Equity Capital
- 219
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 219
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 919
- 723
- Operating Profit
- —
- OPM %
- —
- Other Income
- 70
- Interest
- 18
- Depreciation
- 87
- 138
- Tax %
- 27.32%
- Net Profit
- 100
- 0
- Equity Capital
- 286
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 286
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 736
- 770
- Operating Profit
- —
- OPM %
- —
- Other Income
- 68
- Interest
- 21
- Depreciation
- 92
- -146
- Tax %
- 9.96%
- Net Profit
- -132
- -0
- Equity Capital
- 286
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 286
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 928
- 1,058
- Operating Profit
- —
- OPM %
- —
- Other Income
- 108
- Interest
- 23
- Depreciation
- 85
- -23
- Tax %
- -15.12%
- Net Profit
- -26
- -0
- Equity Capital
- 290
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 290
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| 735 | 1,536 | 2,334 | 3,478 | |
| 744 | 2,413 | 2,261 | 3,276 | |
| Operating Profit | 19 | -797 | 235 | — |
| OPM % | 3 | -52 | 10 | — |
| Other Income | 29 | 79 | 162 | 296 |
| Interest | 20 | 59 | 77 | 85 |
| Depreciation | 80 | 211 | 267 | 345 |
| -81 | -1,131 | -150 | 87 | |
| Tax % | 5 | 5 | 10 | 64 |
| Net Profit | -77 | -1,071 | -136 | 31 |
| EPS | -13 | -178 | -1 | — |
| Dividend Payout % | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 |
| Adjusted EPS | -0 | -5 | -1 | — |
| Minority Interest | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 |
| Adjusted EPS | -0 | -5 | -1 | — |
Mar 2023
- 735
- 744
- Operating Profit
- 19
- OPM %
- 3
- Other Income
- 29
- Interest
- 20
- Depreciation
- 80
- -81
- Tax %
- 5
- Net Profit
- -77
- EPS
- -13
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2024
- 1,536
- 2,413
- Operating Profit
- -797
- OPM %
- -52
- Other Income
- 79
- Interest
- 59
- Depreciation
- 211
- -1,131
- Tax %
- 5
- Net Profit
- -1,071
- EPS
- -178
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
Mar 2025
- 2,334
- 2,261
- Operating Profit
- 235
- OPM %
- 10
- Other Income
- 162
- Interest
- 77
- Depreciation
- 267
- -150
- Tax %
- 10
- Net Profit
- -136
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
TTM
- 3,478
- 3,276
- Operating Profit
- —
- OPM %
- —
- Other Income
- 296
- Interest
- 85
- Depreciation
- 345
- 87
- Tax %
- 64
- Net Profit
- 31
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- 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:
- -96%
- Last Year:
- 0%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| LIABILITIES | - | - | - |
| 6 | 6 | 218 | |
| 21 | -1,048 | 717 | |
| 31 | 33 | 0 | |
| Trade Payables | 41 | 90 | 155 |
| 1,749 | 3,217 | 3,008 | |
| Total Liabilities | 1,847 | 2,299 | 4,099 |
| ASSETS | - | - | - |
| 585 | 935 | 1,121 | |
| Capital Work in Progress | 5 | 0 | 7 |
| 494 | 516 | 1,828 | |
| 21 | 48 | 71 | |
| 0 | 17 | 33 | |
| Cash & Bank | 486 | 54 | 143 |
| 257 | 730 | 896 | |
| Total Assets | 1,847 | 2,299 | 4,099 |
| Total Debt | 956 | 1,682 | 0 |
| Net Working Capital | 318 | -232 | 924 |
| Contingent Liabilities | 0 | 0 | 16 |
| Book Value per Share | 4.43 | -173.59 | 4.28 |
| Face Value | 1.00 | 1.00 | 1.00 |
| Total Debt | 956 | 1,682 | 0 |
| Net Working Capital | 318 | -232 | 924 |
| Contingent Liabilities | 0 | 0 | 16 |
| Book Value per Share | 4.43 | -173.59 | 4.28 |
| Face Value | 1.00 | 1.00 | 1.00 |
Mar 2023
- 6
- 21
- 31
- Trade Payables
- 41
- 1,749
- Total Liabilities
- 1,847
- 585
- Capital Work in Progress
- 5
- 494
- 21
- 0
- Cash & Bank
- 486
- 257
- Total Assets
- 1,847
- Total Debt
- 956
- Net Working Capital
- 318
- Contingent Liabilities
- 0
- Book Value per Share
- 4.43
- Face Value
- 1.00
- Total Debt
- 956
- Net Working Capital
- 318
- Contingent Liabilities
- 0
- Book Value per Share
- 4.43
- Face Value
- 1.00
Mar 2024
- 6
- -1,048
- 33
- Trade Payables
- 90
- 3,217
- Total Liabilities
- 2,299
- 935
- Capital Work in Progress
- 0
- 516
- 48
- 17
- Cash & Bank
- 54
- 730
- Total Assets
- 2,299
- Total Debt
- 1,682
- Net Working Capital
- -232
- Contingent Liabilities
- 0
- Book Value per Share
- -173.59
- Face Value
- 1.00
- Total Debt
- 1,682
- Net Working Capital
- -232
- Contingent Liabilities
- 0
- Book Value per Share
- -173.59
- Face Value
- 1.00
Mar 2025
- 218
- 717
- 0
- Trade Payables
- 155
- 3,008
- Total Liabilities
- 4,099
- 1,121
- Capital Work in Progress
- 7
- 1,828
- 71
- 33
- Cash & Bank
- 143
- 896
- Total Assets
- 4,099
- Total Debt
- 0
- Net Working Capital
- 924
- Contingent Liabilities
- 16
- Book Value per Share
- 4.28
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 924
- Contingent Liabilities
- 16
- Book Value per Share
- 4.28
- Face Value
- 1.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 267 | 295 | 471 | |
| Cash from Investing | -1,092 | -150 | -1,515 |
| Cash from Financing | 850 | -148 | 1,039 |
| 24 | -3 | -6 | |
| Free Cash Flow | 267 | -252 | 74 |
| OCF / Net Profit | -3.48 | -0.28 | -3.47 |
| Cumulative 5-Year FCF | 0 | 0 | 0 |
| OCF / Net Profit | -3.48 | -0.28 | -3.47 |
| Cumulative 5-Year FCF | 0 | 0 | 0 |
Mar 2023
- 267
- Cash from Investing
- -1,092
- Cash from Financing
- 850
- 24
- Free Cash Flow
- 267
- OCF / Net Profit
- -3.48
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -3.48
- Cumulative 5-Year FCF
- 0
Mar 2024
- 295
- Cash from Investing
- -150
- Cash from Financing
- -148
- -3
- Free Cash Flow
- -252
- OCF / Net Profit
- -0.28
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.28
- Cumulative 5-Year FCF
- 0
Mar 2025
- 471
- Cash from Investing
- -1,515
- Cash from Financing
- 1,039
- -6
- Free Cash Flow
- 74
- OCF / Net Profit
- -3.47
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -3.47
- Cumulative 5-Year FCF
- 0
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| PER SHARE | - | - | - |
| EPS (₹) | -12.80 | -178.50 | -0.62 |
| Book Value (₹) | 4.43 | -173.59 | 4.28 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 0.02 | -3.98 | 0.60 |
| PROFITABILITY | - | - | - |
| Operating Margin % | 2.65% | -57.02% | 3.14% |
| Net Margin % | -10.45% | -69.70% | -5.81% |
| ROE % | -288.82% | 0.00% | 0.00% |
| ROCE % | -5.76% | -114.51% | -5.25% |
| -4.16% | -51.66% | -4.24% | |
| EFFICIENCY | - | - | - |
| Debtor Days | 3 | 3 | 4 |
| Inventory Days | 11 | 8 | 9 |
| Payable Days | 314 | 344 | 512 |
| -300 | -333 | -499 | |
| FINANCIAL HEALTH | - | - | - |
| Debt to Equity (x) | 35.95x | -1.61x | 0.00x |
| Interest Coverage (x) | -2.95x | -18.15x | -0.95x |
| 1.70x | 0.74x | 1.75x | |
| GROWTH | - | - | - |
| Revenue Growth % | 0.00% | 109.11% | 51.90% |
| Operating Profit Growth % | 0.00% | -4192.73% | 129.47% |
| Net Profit Growth % | 0.00% | -1294.75% | 87.34% |
| 0.00% | -1294.75% | 99.65% | |
| 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 | -2.05x | 3.87x |
Mar 2023
- EPS (₹)
- -12.80
- Book Value (₹)
- 4.43
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.02
- Operating Margin %
- 2.65%
- Net Margin %
- -10.45%
- ROE %
- -288.82%
- ROCE %
- -5.76%
- -4.16%
- Debtor Days
- 3
- Inventory Days
- 11
- Payable Days
- 314
- -300
- Debt to Equity (x)
- 35.95x
- Interest Coverage (x)
- -2.95x
- 1.70x
- 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 (₹)
- -178.50
- Book Value (₹)
- -173.59
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -3.98
- Operating Margin %
- -57.02%
- Net Margin %
- -69.70%
- ROE %
- 0.00%
- ROCE %
- -114.51%
- -51.66%
- Debtor Days
- 3
- Inventory Days
- 8
- Payable Days
- 344
- -333
- Debt to Equity (x)
- -1.61x
- Interest Coverage (x)
- -18.15x
- 0.74x
- Revenue Growth %
- 109.11%
- Operating Profit Growth %
- -4192.73%
- Net Profit Growth %
- -1294.75%
- -1294.75%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- -2.05x
Mar 2025
- EPS (₹)
- -0.62
- Book Value (₹)
- 4.28
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.60
- Operating Margin %
- 3.14%
- Net Margin %
- -5.81%
- ROE %
- 0.00%
- ROCE %
- -5.25%
- -4.24%
- Debtor Days
- 4
- Inventory Days
- 9
- Payable Days
- 512
- -499
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- -0.95x
- 1.75x
- Revenue Growth %
- 51.90%
- Operating Profit Growth %
- 129.47%
- Net Profit Growth %
- 87.34%
- 99.65%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 3.87x
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