Check Before You Invest : Swiggy Ltd

Q: Which industry/sub-sector does Swiggy Ltd belong to?

Swiggy Ltd belongs to the Retail sector, operating specifically within the e-Commerce segment.

Q: Is Swiggy Ltd a good quality company?

Swiggy Ltd is a weak quality company, based on a inconsistent multi-year financial track record. This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q: Is Swiggy Ltd undervalued or overvalued?

Swiggy Ltd appears Undervalued, as its key valuation ratios are lower than their past averages. Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more. Valuation Ratios. Price to Earnings, Current: 186.32, Historic Median: -. Price to Book, Current: 3.67, Historic Median: 4.99. Price to Sales, Current: 9.39, Historic Median: 10.47. EV to EBITDA, Current: 124.22, Historic Median: -33.88

Q: Is Swiggy Ltd a good buy now?

Swiggy Ltd is a neutral opportunity now, based on stable price trend analysis suggesting prices may move sideways. However, you need to check its quality and valuation before making a decision

Q: Revenue growth of Swiggy Ltd?

Swiggy Ltd revenue growth is 38% for FY-2025, which is above its 5-year CAGR of 21.76%, indicating faster growth.

Q: Gross Profit margin of Swiggy Ltd?

Swiggy Ltd Gross profit margin which is the profit after deduction of direct costs, is -26.6% for FY-2025, which is above its 5-year median of -47.9%, indicating increasing margins.

Q: Operating Profit Margin of Swiggy Ltd?

Swiggy Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is -34.26% for FY-2025, which is above its 5-year median of -50.43% indicating increasing margins.

Q: Net Profit Margin of Swiggy Ltd?

Swiggy Ltd Net Profit Margin is -28.89% for FY-2025, is above its 5-year median of -65.42%, indicating increasing margins. Profitability Metrics. Gross Profit Margin (%), Current: -26.6, Historic Median: -47.9. Operating Profit Margin (%), Current: -34.26, Historic Median: -50.43. Net Profit Margin (%), Current: -28.89, Historic Median: -65.42

Q: Return on Asset of Swiggy Ltd?

Swiggy Ltd Return on Asset is -19.9%, which is above its 5-year historical median of -29.26%, indicating improved asset utilization efficiency.

Q: Return on capital employed (ROCE) of Swiggy Ltd?

Swiggy Ltd Return on capital employed is -24.02% for FY-2025, which is above its 5-year historical median of -33.29%. The current ROCE is below its estimated weighted average cost of capital (WACC) of 11.25%, indicating value preservation.

Check Before You Invest : Swiggy Ltd

BSE: 544285 NSE: SWIGGY ISIN: INE00H001014

| Sector: Retail | Industry: e-Commerce

Snapshot

Q.1 Which industry/sub-sector does Swiggy Ltd belong to?

Swiggy Ltd belongs to the Retail sector, operating specifically within the e-Commerce segment.

Q.2 Is Swiggy Ltd a good quality company?

Swiggy Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is Swiggy Ltd undervalued or overvalued?

Swiggy Ltd appears Undervalued, as its key valuation ratios are lower than their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios	Current	5-year Historic Median
Price to Earnings	186.32	-
Price to Book	3.67	4.99
Price to Sales	9.39	10.47
EV to EBITDA	124.22	-33.88

Q.4 Is Swiggy Ltd a good buy now?

Swiggy Ltd is a neutral opportunity now, based on stable price trend analysis suggesting prices may move sideways. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of Swiggy Ltd?

Swiggy Ltd revenue growth is 38% for FY-2025, which is above its 5-year CAGR of 21.76%, indicating faster growth.

Q.2 Gross Profit margin of Swiggy Ltd?

Swiggy Ltd Gross profit margin which is the profit after deduction of direct costs, is -26.6% for FY-2025, which is above its 5-year median of -47.9%, indicating increasing margins.

Q.3 Operating Profit Margin of Swiggy Ltd?

Swiggy Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is -34.26% for FY-2025, which is above its 5-year median of -50.43% indicating increasing margins.

Q.4 Net Profit Margin of Swiggy Ltd?

Swiggy Ltd Net Profit Margin is -28.89% for FY-2025, is above its 5-year median of -65.42%, indicating increasing margins.

	Current Level	5-year Historic Median
Gross Profit Margin (%)	-26.6	-47.9
Operating Profit Margin (%)	-34.26	-50.43
Net Profit Margin (%)	-28.89	-65.42

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of Swiggy Ltd?

Swiggy Ltd Return on Asset is -19.9%, which is above its 5-year historical median of -29.26%, indicating improved asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of Swiggy Ltd?

Swiggy Ltd Return on capital employed is -24.02% for FY-2025, which is above its 5-year historical median of -33.29%. The current ROCE is below its estimated weighted average cost of capital (WACC) of 11.25%, indicating value preservation.

Q.7 Return on Equity (ROE) of Swiggy Ltd?

Swiggy Ltd Return on equity is -255.36% for FY-2025, which is below its 5-year historical median of -73.32%, indicating the business is making worse use of its shareholders capital.

Q.8 Cash conversion cycle of Swiggy Ltd?

Swiggy Ltd Cash conversion cycle is -19 days, below its 5-year historical median of -12 days, indicating improved working capital management. However, you need to compare this with its peers in the industry.

	Current Level	5-year Historic Median
Asset Turnover (x)	0.71	0.52
ROE (%)	-255.36	-73.32
ROCE (%)	-24.02	-33.29
Cash Conversion Cycle	-19 days	-12 days

C: How much debt does the business have and is it at a sustainable level?

Q.9 Debt to Equity ratio of Swiggy Ltd?

Swiggy Ltd Debt-to-Equity ratio is 0.00, which is lower the industry average of 0.11, indicating lower debt levels in the industry.

Q.10 Debt to cash flow from operations of Swiggy Ltd?

Swiggy Ltd Debt to cash flow from operations is 0, which is at a healthy level.

Ownership & governance

D: Promoter shareholding and pledge status of Swiggy Ltd?

Q.1 Promoter shareholding and pledge status of Swiggy Ltd?

Promoters hold 0.00% of the Swiggy Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Swiggy Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Swiggy Ltd vs industry peers?

Swiggy Ltd revenue CAGR is 21.76%, compared to the industry median CAGR of 35.08%, indicating slower growth and losing its market share.

Profit Metrics

	Current Level	5-year Industry Median
Revenue Growth (%)	38	35.1
Gross Profit Growth (%)	0	51.1
Operating Profit Growth (%)	0	40.8
Net Profit Growth (%)	0	-

Operating Efficiency

	Current Level	5-year Industry Median
Asset Turnover (x)	0.71	1.86
ROE (%)	-255.36	-
ROCE (%)	-24.02	-33.29
Cash Conversion Cycle (days)	-19.43	-12

Valuation & price assessment

Q.1 Stock return of Swiggy Ltd over the last decade?

Over the last 1 year(s), the stock has delivered a CAGR of -10.34% based on the current price.

	9Y	5Y	3Y	1Y
Share Price CAGR	-	-	-	-10.3%

Q.2 Valuation ratios of Swiggy Ltd vs historical?

The current P/E ratio of 186.32 is higher than its historical median of , indicating that the stock is trading above its historical average valuation.

Q.3 How do the current valuation ratios compare with 5-year historical median and industry numbers?

Valuation Ratios	Current	5-year Historic Median	5-year Industry Median
Price to Earnings	186.32	-	31.46
Price to Book	3.67	4.99	5.00
Price to Sales	9.39	10.47	7.95
EV to EBITDA	124.22	-33.88	18.70

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Check Before You Invest : Swiggy Ltd

Snapshot

Performance Analysis

Ownership & governance

Peer comparison (industry-wise, mcap)

Profit Metrics

Operating Efficiency

Valuation & price assessment

Check more companies

Check trending companies

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