Swiggy Ltd.

282.51.25%

2026-08-21

swiggy.comBSE: 544285NSE: SWIGGY
Market Cap₹ 75,191 Cr.
Current Price₹ 279
High / Low₹ 474 / 236
Stock P/E
Book Value₹ 56
Price to Book4.18
Dividend Yield0.00 %
ROCE-27.6 %
ROE-34.0 %
Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Supply chain and distribution: 47.4% • Food Delivery: 34.0% • Quick-commerce: 16.7% • Out of home consumption: 1.6% • Platform Innovations: 0.2%

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

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.ETERNAL320.20713.64309004.230.0092.00268.0020211.00182.003.292.94
2.NYKAA327.50366.2293799.730.0079.76225.952782.0029.1020.158.48
3.MEESHO196.900.0091038.090.00-1328.35-359.0737128.111382.83-78.80-6.05
4.SWIGGY272.400.0075190.940.00-791.0033.926812.0037.31-27.59-9.56
5.SHIPROCKET143.500.0010440.740.00-3.02
6.INDIAMART1732.8521.1210421.913.46172.2012.18414.4011.3728.3931.83
7.FIRSTCRY196.700.0010269.480.00-43.9533.912106.2313.08-1.652.83
8.IBULLSLTD26.5114.746175.620.001410.2053516.673594.500.0042.82
9.MSTCLTD707.0521.244977.632.2258.2237.5094.2421.7160.6861.36
10.ISFT84.7410.07138.230.004.5410.85139.638.256.123.50
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023
2,763
3,387
Operating Profit
OPM %
Other Income
87
Interest
15
Depreciation
105
-656
Tax %
-0.00%
Net Profit
0
-3
Equity Capital
3
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
3
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
3,049
3,574
Operating Profit
OPM %
Other Income
82
Interest
18
Depreciation
108
-574
Tax %
-0.00%
Net Profit
0
-3
Equity Capital
3
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
3
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
3,046
3,531
Operating Profit
OPM %
Other Income
98
Interest
20
Depreciation
117
-550
Tax %
-0.00%
Net Profit
0
-3
Equity Capital
3
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
3
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
3,222
3,766
Operating Profit
OPM %
Other Income
88
Interest
20
Depreciation
122
-611
Tax %
-0.00%
Net Profit
0
-3
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
3,601
4,155
Operating Profit
OPM %
Other Income
85
Interest
23
Depreciation
131
-626
Tax %
-0.00%
Net Profit
-626
-3
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
3,993
4,718
Operating Profit
OPM %
Other Income
103
Interest
26
Depreciation
154
-798
Tax %
-0.00%
Net Profit
-799
-3
Equity Capital
224
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
224
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
4,410
5,372
Operating Profit
OPM %
Other Income
121
Interest
32
Depreciation
206
-1,079
Tax %
-0.00%
Net Profit
-1,081
-5
Equity Capital
229
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
229
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
4,961
5,915
Operating Profit
OPM %
Other Income
87
Interest
41
Depreciation
288
-1,196
Tax %
-0.00%
Net Profit
-1,197
-5
Equity Capital
230
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
230
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
5,561
6,359
Operating Profit
OPM %
Other Income
59
Interest
48
Depreciation
304
-1,091
Tax %
-0.00%
Net Profit
-1,092
-5
Equity Capital
232
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
232
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
6,148
6,930
Operating Profit
OPM %
Other Income
96
Interest
55
Depreciation
313
-1,064
Tax %
-0.00%
Net Profit
-1,065
-4
Equity Capital
260
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
260
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
6,383
7,080
Operating Profit
OPM %
Other Income
266
Interest
56
Depreciation
312
-799
Tax %
-0.00%
Net Profit
-800
-3
Equity Capital
261
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
261
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
6,812
7,813
Operating Profit
OPM %
Other Income
211
Interest
53
Depreciation
298
-791
Tax %
-0.00%
Net Profit
-791
-0
Equity Capital
262
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
262
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019
1,128
3,634
Operating Profit
-2,336
OPM %
-207
Other Income
169
Interest
5
Depreciation
20
-2,362
Tax %
0
Net Profit
-2,362
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
-2
Adjusted EPS
-2,36,360
Minority Interest
0
Share of Associates
-2
Adjusted EPS
-2,36,360
Mar 2020
3,468
7,293
Operating Profit
-3,565
OPM %
-103
Other Income
260
Interest
85
Depreciation
217
-3,908
Tax %
0
Net Profit
-3,908
EPS
-3,83,864
Dividend Payout %
0
Minority Interest
0
Share of Associates
-12
Adjusted EPS
-3,92,040
Minority Interest
0
Share of Associates
-12
Adjusted EPS
-3,92,040
Mar 2021
2,547
3,843
Operating Profit
-1,167
OPM %
-46
Other Income
129
Interest
75
Depreciation
221
-1,612
Tax %
0
Net Profit
-1,612
EPS
-99
Dividend Payout %
0
Minority Interest
0
Share of Associates
-5
Adjusted EPS
-1,61,690
Minority Interest
0
Share of Associates
-5
Adjusted EPS
-1,61,690
Mar 2022
5,705
9,356
Operating Profit
-3,236
OPM %
-57
Other Income
415
Interest
48
Depreciation
170
-3,629
Tax %
0
Net Profit
-3,629
EPS
-19
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-4,239
Minority Interest
0
Share of Associates
0
Adjusted EPS
-4,239
Mar 2023
8,265
12,540
Operating Profit
-3,826
OPM %
-46
Other Income
450
Interest
58
Depreciation
286
-4,179
Tax %
0
Net Profit
-4,179
EPS
-19
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-1,573
Minority Interest
0
Share of Associates
0
Adjusted EPS
-1,573
Mar 2024
11,247
13,455
Operating Profit
-1,821
OPM %
-16
Other Income
387
Interest
71
Depreciation
421
-2,350
Tax %
0
Net Profit
-2,350
EPS
-782
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-782
Minority Interest
0
Share of Associates
0
Adjusted EPS
-782
Mar 2025
15,227
18,012
Operating Profit
-2,389
OPM %
-16
Other Income
396
Interest
101
Depreciation
612
-3,117
Tax %
0
Net Profit
-3,117
EPS
-14
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-14
Minority Interest
0
Share of Associates
0
Adjusted EPS
-14
Mar 2026
23,053
26,284
Operating Profit
-2,723
OPM %
-12
Other Income
508
Interest
200
Depreciation
1,217
-4,154
Tax %
0
Net Profit
-4,154
EPS
-16
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-16
Minority Interest
0
Share of Associates
0
Adjusted EPS
-16
TTM
24,904
28,182
Operating Profit
OPM %
Other Income
632
Interest
212
Depreciation
1,227
-3,745
Tax %
0
Net Profit
-3,745
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
-4
Adjusted EPS
Minority Interest
0
Share of Associates
-4
Adjusted EPS

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

Corporate actions

No bonus data found

Mar 2019
0
5,634
0
Trade Payables
461
289
Total Liabilities
6,383
139
Capital Work in Progress
18
5,407
4
0
Cash & Bank
289
526
Total Assets
6,383
Total Debt
0
Net Working Capital
5,481
Contingent Liabilities
2
Book Value per Share
563351.00
Face Value
1.00
Total Debt
0
Net Working Capital
5,481
Contingent Liabilities
2
Book Value per Share
563351.00
Face Value
1.00
Mar 2020
0
2,536
0
Trade Payables
289
1,577
Total Liabilities
4,402
1,332
Capital Work in Progress
0
1,879
28
0
Cash & Bank
583
580
Total Assets
4,402
Total Debt
89
Net Working Capital
2,232
Contingent Liabilities
3
Book Value per Share
253581.00
Face Value
1.00
Total Debt
89
Net Working Capital
2,232
Contingent Liabilities
3
Book Value per Share
253581.00
Face Value
1.00
Mar 2021
0
1,264
25
Trade Payables
348
1,278
Total Liabilities
2,915
747
Capital Work in Progress
0
925
16
0
Cash & Bank
702
525
Total Assets
2,915
Total Debt
92
Net Working Capital
1,323
Contingent Liabilities
6
Book Value per Share
126401.00
Face Value
1.00
Total Debt
92
Net Working Capital
1,323
Contingent Liabilities
6
Book Value per Share
126401.00
Face Value
1.00
Mar 2022
1
-3,892
0
Trade Payables
956
17,341
Total Liabilities
14,406
801
Capital Work in Progress
0
10,348
18
0
Cash & Bank
1,104
2,135
Total Assets
14,406
Total Debt
0
Net Working Capital
10,450
Contingent Liabilities
6
Book Value per Share
-4545.86
Face Value
1.00
Total Debt
0
Net Working Capital
10,450
Contingent Liabilities
6
Book Value per Share
-4545.86
Face Value
1.00
Mar 2023
3
-7,441
0
Trade Payables
873
17,846
Total Liabilities
11,281
1,505
Capital Work in Progress
0
6,541
11
0
Cash & Bank
864
2,360
Total Assets
11,281
Total Debt
0
Net Working Capital
6,119
Contingent Liabilities
5
Book Value per Share
-2799.70
Face Value
1.00
Total Debt
0
Net Working Capital
6,119
Contingent Liabilities
5
Book Value per Share
-2799.70
Face Value
1.00
Mar 2024
3
-9,271
52
Trade Payables
881
18,864
Total Liabilities
10,529
2,041
Capital Work in Progress
0
5,171
49
964
Cash & Bank
891
1,414
Total Assets
10,529
Total Debt
211
Net Working Capital
4,630
Contingent Liabilities
2
Book Value per Share
-3083.06
Face Value
1.00
Total Debt
211
Net Working Capital
4,630
Contingent Liabilities
2
Book Value per Share
-3083.06
Face Value
1.00
Mar 2025
229
8,024
28
Trade Payables
1,818
5,106
Total Liabilities
15,205
3,631
Capital Work in Progress
0
2,677
55
2,463
Cash & Bank
3,300
3,079
Total Assets
15,205
Total Debt
28
Net Working Capital
5,519
Contingent Liabilities
391
Book Value per Share
36.04
Face Value
1.00
Total Debt
28
Net Working Capital
5,519
Contingent Liabilities
391
Book Value per Share
36.04
Face Value
1.00
Mar 2026
261
15,948
100
Trade Payables
2,278
6,650
Total Liabilities
25,237
4,558
Capital Work in Progress
0
6,034
76
4,048
Cash & Bank
4,043
6,478
Total Assets
25,237
Total Debt
100
Net Working Capital
11,450
Contingent Liabilities
667
Book Value per Share
62.10
Face Value
1.00
Total Debt
100
Net Working Capital
11,450
Contingent Liabilities
667
Book Value per Share
62.10
Face Value
1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019
-2,346
Cash from Investing
-4,625
Cash from Financing
7,068
96
Free Cash Flow
-2,346
OCF / Net Profit
0.99
Cumulative 5-Year FCF
0
OCF / Net Profit
0.99
Cumulative 5-Year FCF
0
Mar 2020
-3,841
Cash from Investing
3,195
Cash from Financing
849
202
Free Cash Flow
-5,239
OCF / Net Profit
0.98
Cumulative 5-Year FCF
0
OCF / Net Profit
0.98
Cumulative 5-Year FCF
0
Mar 2021
-1,175
Cash from Investing
1,282
Cash from Financing
14
120
Free Cash Flow
-1,175
OCF / Net Profit
0.73
Cumulative 5-Year FCF
0
OCF / Net Profit
0.73
Cumulative 5-Year FCF
0
Mar 2022
-3,900
Cash from Investing
-9,160
Cash from Financing
13,634
574
Free Cash Flow
-4,171
OCF / Net Profit
1.07
Cumulative 5-Year FCF
0
OCF / Net Profit
1.07
Cumulative 5-Year FCF
0
Mar 2023
-4,060
Cash from Investing
3,968
Cash from Financing
-172
-264
Free Cash Flow
-4,935
OCF / Net Profit
0.97
Cumulative 5-Year FCF
0
OCF / Net Profit
0.97
Cumulative 5-Year FCF
0
Mar 2024
-1,313
Cash from Investing
1,458
Cash from Financing
-123
23
Free Cash Flow
-1,999
OCF / Net Profit
0.56
Cumulative 5-Year FCF
-17,518
OCF / Net Profit
0.56
Cumulative 5-Year FCF
-17,518
Mar 2025
-2,169
Cash from Investing
-1,372
Cash from Financing
3,903
362
Free Cash Flow
-4,261
OCF / Net Profit
0.70
Cumulative 5-Year FCF
-16,540
OCF / Net Profit
0.70
Cumulative 5-Year FCF
-16,540
Mar 2026
-2,898
Cash from Investing
-4,983
Cash from Financing
9,397
1,516
Free Cash Flow
-4,714
OCF / Net Profit
0.70
Cumulative 5-Year FCF
-20,079
OCF / Net Profit
0.70
Cumulative 5-Year FCF
-20,079

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019
EPS (₹)
-236360.00
Book Value (₹)
563351.00
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.00
Operating Margin %
-207.08%
Net Margin %
-209.32%
ROE %
-41.92%
ROCE %
-41.19%
-37.00%
Debtor Days
45
Inventory Days
1
Payable Days
4524
-4478
Debt to Equity (x)
0.00x
Interest Coverage (x)
-453.19x
9.46x
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 2020
EPS (₹)
-392040.00
Book Value (₹)
253581.00
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.00
Operating Margin %
-102.80%
Net Margin %
-112.70%
ROE %
-95.69%
ROCE %
-87.12%
-72.48%
Debtor Days
14
Inventory Days
2
Payable Days
404
-389
Debt to Equity (x)
0.04x
Interest Coverage (x)
-44.98x
4.50x
Revenue Growth %
207.37%
Operating Profit Growth %
-52.59%
Net Profit Growth %
-65.49%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2021
EPS (₹)
-161690.00
Book Value (₹)
126401.00
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.00
Operating Margin %
-45.83%
Net Margin %
-63.28%
ROE %
-84.83%
ROCE %
-62.90%
-44.05%
Debtor Days
21
Inventory Days
3
Payable Days
204
-180
Debt to Equity (x)
0.07x
Interest Coverage (x)
-20.40x
2.88x
Revenue Growth %
-26.56%
Operating Profit Growth %
67.26%
Net Profit Growth %
58.77%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
-4239.36
Book Value (₹)
-4545.86
Dividend per Share (₹)
0.00
Cash EPS (₹)
-4040.66
Operating Margin %
-56.34%
Net Margin %
-63.18%
ROE %
0.00%
ROCE %
-50.80%
-41.90%
Debtor Days
41
Inventory Days
1
Payable Days
105
-63
Debt to Equity (x)
0.00x
Interest Coverage (x)
-74.01x
7.21x
Revenue Growth %
123.99%
Operating Profit Growth %
-177.24%
Net Profit Growth %
-125.17%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
-1572.94
Book Value (₹)
-2799.70
Dividend per Share (₹)
0.00
Cash EPS (₹)
-1465.38
Operating Margin %
-46.02%
Net Margin %
-50.27%
ROE %
0.00%
ROCE %
-38.65%
-32.54%
Debtor Days
48
Inventory Days
1
Payable Days
99
-50
Debt to Equity (x)
0.00x
Interest Coverage (x)
-70.82x
4.59x
Revenue Growth %
44.87%
Operating Profit Growth %
-18.22%
Net Profit Growth %
-15.17%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
-781.85
Book Value (₹)
-3083.06
Dividend per Share (₹)
0.00
Cash EPS (₹)
-641.94
Operating Margin %
-19.49%
Net Margin %
-20.75%
ROE %
0.00%
ROCE %
-26.72%
-21.55%
Debtor Days
33
Inventory Days
1
Payable Days
70
-36
Debt to Equity (x)
0.03x
Interest Coverage (x)
-31.92x
3.20x
Revenue Growth %
36.09%
Operating Profit Growth %
52.40%
Net Profit Growth %
43.76%
50.29%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
-8.18x
Mar 2025
EPS (₹)
-13.61
Book Value (₹)
36.04
Dividend per Share (₹)
0.00
Cash EPS (₹)
-10.94
Operating Margin %
-18.02%
Net Margin %
-20.17%
ROE %
0.00%
ROCE %
-33.05%
-24.22%
Debtor Days
40
Inventory Days
1
Payable Days
82
-40
Debt to Equity (x)
0.00x
Interest Coverage (x)
-29.86x
2.54x
Revenue Growth %
35.38%
Operating Profit Growth %
-31.19%
Net Profit Growth %
-32.62%
98.26%
P/E (x)
0.00x
P/B (x)
9.15x
Dividend Yield %
0.00%
-30.25x
Mar 2026
EPS (₹)
-15.92
Book Value (₹)
62.10
Dividend per Share (₹)
0.00
Cash EPS (₹)
-11.25
Operating Margin %
-13.71%
Net Margin %
-17.63%
ROE %
-33.96%
ROCE %
-27.59%
-20.54%
Debtor Days
50
Inventory Days
1
Payable Days
74
-23
Debt to Equity (x)
0.01x
Interest Coverage (x)
-19.77x
3.35x
Revenue Growth %
51.40%
Operating Profit Growth %
-13.98%
Net Profit Growth %
-33.27%
-16.93%
P/E (x)
0.00x
P/B (x)
4.18x
Dividend Yield %
0.00%
-23.46x

Shareholding Pattern

Numbers in percentages

TRADES
Mar 2021
94.53
0.00
0.00
Government
0.00
5.47
Mar 2022
91.72
0.00
0.00
Government
0.00
8.28
Dec 2024
0.00
6.19
7.75
Government
0.00
86.07
Mar 2025
0.00
4.90
9.33
Government
0.00
85.76
Jun 2025
0.00
7.36
13.50
Government
0.00
79.12
Sep 2025
0.00
12.23
15.90
Government
0.00
71.86
Dec 2025
0.00
16.07
22.51
Government
0.00
61.43
Mar 2026
0.00
14.59
25.45
Government
0.00
59.97
Jun 2026
0.00
13.96
27.38
Government
0.00
58.66

Documents

Announcements

  • Shareholders meeting

    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.

  • Press Release

    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".

Credit Ratings

Nothing filed yet.

Concalls