Physicswallah Limited share price
NSE: PWL · ISIN INE0LP301011
Key numbers
- Market cap
- ₹ 38,977 Cr
- Current price
- ₹ 134.36
- 52-week high / low
- ₹ 162 / 78
- Stock P/E
- 1,919.4
- Book value
- ₹ 15.7
- Dividend yield
- 0.00%
- ROCE
- 2.4%
- ROE
- -0.7%
- Debt to equity
- 0.23
- Sales growth (3 yrs)
- 73.6%
- Profit growth (3 yrs)
- -
- 1-year return
- -
About Physicswallah Limited
Physicswallah Limited offers test preparation courses and study materials. The company's test preparation courses, including joint entrance exam, national eligibility cum entrance test, and foundation; other-test preparation courses for other competitive entrance examinations for undergraduate and post-graduate studies, public administration jobs, and professional qualifications; and upskilling courses for students and professionals. It offers its courses through online channels, which includes its social media channels, website, and apps; hybrid centers, its two-teacher model where a student attends a live online classes at a physical center and can benefit from another faculty that is present at the center to resolve questions and participate in revision classes; offline centers where its faculty conducts live classes in a physical center. It also offers hospitality services. The company was incorporated in 2020 and is based in Noida, India.
Quarterly results
Consolidated figures in ₹ crores
| Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 610 | 847 | 1,082 | 919 | 1,054 |
| Operating profit | -120 | -70 | 244 | 26 | -13 |
| Net profit | -293 | -120 | 101 | -75 | -78 |
| EPS (₹) | -1.02 | -0.42 | 0.37 | -0.26 | -0.27 |
Concall summary (2026-08-20)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- In terms of our quarterly results, we are happy to announce that our first quarter revenue from operations closed at INR1,054 crores, an year-over-year increase of over 24%, in line with what we were expecting.
- So, the results are amazing as expected and everything is in line with what we were Physicswallah Limited August 14, 2026 expecting this year.
Growth & demand
- Revenue from online grew 33% year -over-year and offline and other businesses grew at 16%.
- We do believe while NEET UG calendar shifted by 5 to 7 weeks this year, our collections post the results announcement on July 16 have been encouraging and we've seen almost 50% growth as compared to last year.
Margins & costs
- Given this seasonality, our first quarter pre-Ind AS EBITDA closed at negative INR44 crores, equating to 4%, with an improvement of 624 basis points from Q1 of last year.
- EBITDA was positive in Q1, closed at INR52 crores compared to negative INR21 crores last year same period.
Capex & expansion
- Our approach to offline expansion will be opportunistic and limited to geographies that fit into our cohort economics.
- Apart from this, we were investing in a category called NEET PG, which may become a big category.
Balance sheet & cash
- All of this happened through all our leverage coming through our cost items.
- Also, our current quarter ESOP cost remained flat in line with what we had expensed in the first quarter of last year and gave us a leverage of 117 basis points.
Peers in Education & Training Services
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