Physicswallah Ltd (PWL) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 544609 | NSE: PWL | Educational Institutions | Mid Cap

Physicswallah Share Price

135.85 0.00 0.00%
as on 05-Dec'25 12:22

Physicswallah Ltd (PWL) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 544609 | NSE: PWL | Educational Institutions | Mid Cap

DeciZen - make an informed investing decision on Physicswallah

Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Physicswallah stock performance -

Key Ratios
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P/E Ratio (SA):
0.00
Market Cap:
38,848.9 Cr.
52-wk low:
121.2
52-wk high:
162.1

Is Physicswallah Ltd an attractive stock to invest in?


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10 Year X-Ray of Physicswallah: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Physicswallah Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'23Mar'24Mar'25TTM
ROCE % -5.8%-114.5%-5.3%-
Value Creation
Index
-1.5NA-1.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7351,5362,3342,334
Sales YoY Gr.-109.1%51.9%-
Adj EPS -0.1-2.3-0.5-0.5
YoY Gr.-NANA-
BVPS (₹) 0.1-4.84.314.3
Adj Net
Profit
-29.8-500-117-134
Cash Flow from Ops. 267295471-
Debt/CF from Ops. 3.65.70-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA51.9%
Adj EPS NANANANA
BVPSNANANANA
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'23Mar'24Mar'25TTM
Return on
Equity %
-31.3130.6-21-5.1
Op. Profit
Mgn %
7.9-7.83.1NAN
Net Profit
Mgn %
-4.1-32.5-5-5.8
Debt to
Equity
36-1.60-
Working Cap
Days
01271400
Cash Conv.
Cycle
0-4-80

Recent Performance Summary

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Latest Financials - Physicswallah Ltd.

Standalone Consolidated
TTM EPS (₹) -0.5 -0.8
TTM Sales (₹ Cr.) 2,334 2,887
BVPS (₹.) 14.3 12.7
Reserves (₹ Cr.) 3,789 3,341
P/BV 9.53 10.71
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 121.15 / 162.05
All Time Low / High (₹) 121.15 / 162.05
Market Cap (₹ Cr.) 38,849
Equity (₹ Cr.) 286
Face Value (₹) 1
Industry PE 39.9

Management X-Ray of Physicswallah:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Physicswallah - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios of Physicswallah

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Sales7351,5362,334
Operating Expenses 7442,4132,261
Manufacturing Costs3692173
Material Costs487087
Employee Cost 4051,0211,264
Other Costs 2551,230736
Operating Profit -10-87673
Operating Profit Margin (%) -1.3%-57.0%3.1%
Other Income 2979162
Interest 205977
Depreciation 80211267
Exceptional Items 0-63-42
Profit Before Tax -81-1,131-150
Tax -4-60-15
Profit After Tax -77-1,071-136
PAT Margin (%) -10.5%-69.7%-5.8%
Adjusted EPS (₹)-0.4-5.0-0.6
Dividend Payout Ratio (%)0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 27-1,0421,770
Share Capital 661,053
Reserves 21-1,048717
Minority Interest000
Debt9561,6820
Long Term Debt9251,6480
Short Term Debt31330
Trade Payables4190155
Others Liabilities 8241,5692,174
Total Liabilities 1,8472,2994,099

Fixed Assets

Gross Block6601,2121,601
Accumulated Depreciation72277480
Net Fixed Assets 5889351,121
CWIP 509
Investments 4945161,828
Inventories214871
Trade Receivables61733
Cash Equivalents 48654143
Others Assets 247730893
Total Assets 1,8472,2994,099

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Cash Flow From Operating Activity 267295471
PBT -81-1,131-150
Adjustment 1811,133446
Changes in Working Capital 191298181
Tax Paid -24-6-5
Cash Flow From Investing Activity -1,092-150-1,515
Capex -139-206-135
Net Investments -599184-1,272
Others -354-127-108
Cash Flow From Financing Activity 850-1481,039
Net Proceeds from Shares 001
Net Proceeds from Borrowing 000
Interest Paid -18-58-66
Dividend Paid 000
Others 868-901,105
Net Cash Flow 24-3-6

Finance Ratio

PARTICULARSMar'23Mar'24Mar'25
Ratios
ROE (%)-288.82N/A0
ROCE (%)-5.76N/A-5.25
Asset Turnover Ratio0.40.740.73
PAT to CFO Conversion(x)N/AN/AN/A
Working Capital Days
Receivable Days334
Inventory Days1189
Payable Days314344512

Physicswallah Ltd Stock News

Physicswallah Ltd FAQs

The current trading price of Physicswallah on 05-Dec-2025 12:22 is ₹135.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of Physicswallah stood at ₹38,848.9.
The latest P/E ratio of Physicswallah as of 04-Dec-2025 is 0.00.
The latest P/B ratio of Physicswallah as of 04-Dec-2025 is 9.53.
The 52-week high of Physicswallah is ₹162.1 and the 52-week low is ₹121.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Physicswallah is ₹2,334 ( Cr.) .

About Physicswallah Ltd

Physicswallah was originally incorporated at Prayagraj, Uttar Pradesh, India as ‘Physicswallah Private Limited’, a private limited company under the provisions of the Companies Act, 2013 with the Registrar of Companies, Uttar Pradesh at Kanpur, pursuant to a certificate of incorporation dated June 6, 2020, issued by the Registrar of Companies, Central Registration Centre. Upon the conversion of the company into a public limited company, pursuant to a resolution passed by the Board of Directors dated December 11, 2024, and a Shareholders’ resolution dated December 13, 2024, the name of the company was changed to ‘Physicswallah Limited’, and a fresh certificate of incorporation dated January 8, 2025 was issued by the Registrar of Companies, Central Processing Centre.

It offers test preparation courses for competitive examinations, and other courses such as for upskilling. Its channels of delivery include - (i) online, which includes its social media channels, website and apps; (ii) tech-enabled offline centers (where its faculty conducts live classes in a physical center); or (iii) 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). It also has a significant offline presence among education companies in India in terms of offline revenue.

It has sought to cultivate its student community by offering quality education. It provides content using engaging and tech-enabled pedagogy (which means teaching methodologies). Further, a large portion of its materials and courses are available in an open access or free format on YouTube channels, with an option for students to sign up for free or paid courses on its website or its mobile applications. It started its operations by offering courses online and has expanded to multiple channels of delivery - online, offline and hybrid. It aims to leverage its proprietary technology stack to provide content at scale, integrates new offerings successfully, and offers tech-backed tools to students and teachers for planning coursework, solving questions, grading tests, leading to efficient pedagogy.

It offers the option to students to pay the course fee in installments for some of its higher priced courses. It also provides options for students to avail loans from third-party financial institutions to sign up for its courses. It has tied up with a few financial companies in India who provide services related to student financing. It only facilitates students to connect with financing institutions for loans and does not provide any loans to students directly.

Business area of the company

Physicswallah together with its subsidiaries (‘the Group’) has presence primarily in India and UAE. The principal activities of the Group and its associate consist of the business of education by providing online and offline coaching and study material for test preparation of various competitive exams such as NEET, JEE, MBA, UPSC, GATE, CA, etc.

Awards, accreditations and recognition

  • 2022: Received award in “D2C category” from Exchange 4 Media.
  • 2023: Received Diamond Play button from YouTube upon surpassing 10 million subscribers to the “Physics Wallah - Alakh Pandey” channel.
  • 2023: Received an award for “Digiplus - Education” at Vishwas Diwas - the celebration of trust” from Economics Times.
  • 2024: Awarded “CIA implementation in DevOps” by Quantic at 4th annual India Devops Show, 2024.
  • 2024: Received the “Best Education Brands” award from Economic Times
  • 2024: Received the “Startup of the Year - Education” award from Economic Times.
  • 2024: Received the “Ed-tech appreciation” award from the Confederation of Indian Industry (“CII”) at the CII Unicorn Summit.
  • 2024: Received an award for “Strategic Excellence in Customer-centric Leadership” from Quantic.
  • 2024: Received the “Most Promising Ed-Tech skilling Company of the Year” award at the 5th Education Leaders Conclave and Awards, Dubai, UAE.
  • 2024: Received an award for “Excellence in AI Implementation in Education” for “Alakh AI” from Economic Times at the Economic Times Education Excellence Awards.
  • 2024: Received the “Indian Digital Marketing - Best Data Driven Marketing Strategy” award from Exchange 4 Media.

History and milestones

  • 2020: Incorporation of the company.
  • 2020: Launched the digital e-learning app on play store “Physics Wallah”.
  • 2020: Launched courses for JEE and NEET category.
  • 2021: Launched its first Pathshala center in New Delhi, Delhi, India.
  • 2021: Commenced business of publication and sale of study material books.
  • 2022: Launched its first Vidyapeeth center in Kota, Rajasthan, India.
  • 2021: Launched first “PhysicsWallah National Scholarship Admission Test”, operated in online and offline formats.
  • 2021: Launched the digital e-learning app “Physics Wallah” on iOS.
  • 2021: Launched its website “pw.live”.
  • 2023: Acquisition of it Subsidiaries, namely, “Xylem Learning Private Limited” and “Utkarsh Classes & Edutech Private Limited”.
  • 2024: Launched “AI Guru” which is an AI backed tool that provides personalized support to students for queries in the form of text, image, and audio responses.
  • 2025: Memorandum of Understanding with an association to provide educational support to the families of Central Reserve Police Force personnel.
  • 2025: Partnered with Yashwantrao Chavan Maharashtra Open University with an aim to offer regular online classes and real-time doubt resolution facilities to students.

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