SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Physicswallah Ltd (PWL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544609 NSE: PWL Educational Institutions | Small Cap | Physicswallah Share Price

₹106.50 14.40 (15.64%)

As on 04-Jun'26 16:59

Physicswallah Ltd (PWL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544609 NSE: PWL Educational Institutions | Small Cap | Physicswallah Share Price

₹106.50 14.40 (15.64%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹30,764 Cr.
Current Price
₹106.5
52-Week Low / High
₹78 / 162
TTM EPS
₹-0.1
TTM Sales
₹3,245 Cr.
Book Value per Share
₹17.7
P/E Ratio
0.00
Industry PE
24.3
Price to Book (P/B)
6.01
In line with its 5-year historical median
Price to Sales (P/S)
9.48
Lower than its 5-year historical median
EV/EBITDA
59.15
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
-5.25%
Underperforms industry median
Return on Assets (ROA)
-4.24%
Operating Profit Margin
3.1%
Net Profit Margin
-5.81%
Gross Profit Margin
6.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
51.9%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
72.30%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹4,826 Cr.
Equity
₹288.9 Cr.
Face Value
₹1
All Time Low / High
₹77.75 / 162.05

Physicswallah stock performance

Key Ratios
mw4me loader

Check Before You Invest

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is Physicswallah Ltd a good quality company?
Physicswallah 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.

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.

How does Physicswallah Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Physicswallah Ltd vs industry peers?
Physicswallah Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 29.20%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Physicswallah Ltd?
Promoters hold 72.30% of the Physicswallah Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Physicswallah Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

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

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

Growth Parameters

Sales 7351,5362,3343,245
Sales YoY Gr.-109.1%51.9%-
Adj EPS -0.1-2.3-0.5-0.1
YoY Gr.-NANA-
BVPS (₹) 0.1-4.84.317.7
Adj Net
Profit
-29.8-500-117-40
Cash Flow from Ops. 267295471-
Debt/CF from Ops. 3.65.70-

CAGR

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

Key Financial Parameters

Mar'23Mar'24Mar'25TTM
Return on
Equity %
-31.3130.6-21-1.3
Op. Profit
Mgn %
7.9-7.83.11.9
Net Profit
Mgn %
-4.1-32.5-5-1.3
Debt to
Equity
36-1.600
Working Cap
Days
0127140322
Cash Conv.
Cycle
0-4-8165

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
Exceptional Items 0-63-42
Interest 205977
Depreciation 80211267
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%

Valuation of Physicswallah - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

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
Debt +9561,6820
Long Term Debt9251,6480
Short Term Debt31330
Minority Interest000
Trade Payables4190155
Others Liabilities 8241,5692,174
Total Liabilities 1,8472,2994,099

Fixed Assets

Net Fixed Assets +5889351,121
Gross Block6601,2121,601
Accumulated Depreciation72277480
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

Financial 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 Days2.902.703.90
Inventory Days10.608.209.30
Payable Days313.60344.10512.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Physicswallah Ltd FAQs

The current trading price of Physicswallah on 04-Jun-2026 16:59 is ₹106.5.

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 03-Jun-2026 the market cap of Physicswallah stood at ₹30,763.6 Cr

The latest P/E ratio of Physicswallah as of 03-Jun-2026 is 0.00.

The latest P/B ratio of Physicswallah as of 03-Jun-2026 is 6.01.

The 52-week high of Physicswallah is ₹162.1 and the 52-week low is ₹77.75.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Physicswallah is ₹3,245 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Physicswallah Ltd is a below average quality company.

The key valuation ratios of Physicswallah Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Physicswallah Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

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.

You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×