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Physicswallah Ltd

Physicswallah Ltd

PWL Share Price

NSE
136.107.33% (+9.30)
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Returns
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With a market cap of ₹35,051 cr, stock is ranked 262

Stock is 3.99x as volatile as Nifty

PWL Stock Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

Avg

Average profitability - not good, not bad

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹35,051 cr, stock is ranked 262

Stock is 3.99x as volatile as Nifty

PWL Performance & Key Metrics

PWL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
1,719.8922.56
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
27.655.660.57%

PWL Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
86%
Analysts have suggested that investors can buy this stock

from 7 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

PWL Company Profile

Physicswallah Limited is an India-based education company offering test preparation and upskilling courses across 13 categories including JEE, NEET, foundation, competitive exams, and professional qualifications through online, offline, and hybrid delivery models.

PE Ratio
20.70
20.70
1Y Return
13.93%
13.93%
Buy Reco %
100.00
100.00
PE Ratio
562.65
562.65
1Y Return
75.16%
75.16%
Buy Reco %
0.00
0.00
PE Ratio
12.75
12.75
1Y Return
30.22%
30.22%
Buy Reco %
100.00
100.00
PE Ratio
13.80
13.80
1Y Return
46.62%
46.62%
Buy Reco %
100.00
100.00
PE Ratio
23.67
23.67
1Y Return
0.65%
0.65%
Buy Reco %
0.00
0.00
Compare with Peers

PWL Sentiment Analysis

PWL Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

PWL Stock Summary · June 2026

The call framed a clear financial turnaround, with revenue from operations reaching INR 3,900 crore (≈+35% YoY) and Pre‑Ind AS EBITDA expanding to INR 300 crore (about 3x FY25). Management struck an assertive tone, prioritizing faster online scale—online revenue grew 39% and now comprises 50.1% of sales with a ~55% target within three years—rapid AI productization and internal adoption, and an asset‑light K‑12 shift, while retaining capital optionality from a INR 5,027 crore treasury (including ~INR 2,300 crore of IPO proceeds). They highlighted concrete AI traction (AskAI >3M queries, AI Guru >100M questions, open‑sourced 4B model and a planned 20B Aryabhatta 2.0) and efficiency gains (≈91% of engineering code AI‑assisted; AI voice agents cutting call costs ~75%). Offline performance is recovering—offline revenue ≈INR 1,775 crore, enrollments +42%, margin improved from -19% to just under -10% with near‑profitability aimed for FY27 and a steady‑state offline margin target of 13%–15%. Management guided FY27 revenue growth above ~30%, EBITDA improvement of over 100% and a return to full‑year PAT profitability, noting quarter‑to‑quarter seasonality caveats.

PWL Stock Growth Drivers
PWL Stock Growth Drivers
6
  • Financial turnaround and profitability momentum

    The company delivered a marked financial recovery in FY26, reporting revenue of INR 3,900 crore

  • Rapid scale in students, online mix and monetization

    Scale and monetization gains are driving top-line strength and improved unit economics: paid enrollments rose

PWL Stock Challenges
PWL Stock Challenges
3
  • Deterioration in Revenue Quality from Mix Shift to Lower‑ARPU Courses

    The company’s blended ARPU is weakening because high‑ARPU offline offerings are losing their enrollment share

  • Monetization Ceiling Due to Persistent Affordability Constraints

    Although premium offerings drove reported ACPU improvement of >11% and ARPU growth of ~12%, a

PWL Forecast

PWL Forecasts

Price

Revenue

Earnings

PWL

PWL

Income

Balance Sheet

Cash Flow

PWL Income Statement

PWL Income Statement

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Quarterjun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026jun 2026
Total Revenue660.25862.79849.26666.80902.171,098.411,147.09983.641,162.81
Operating & Other expensessubtract651.01698.10625.87870.92923.39870.10869.59919.031,110.96
Depreciation/Amortizationsubtract86.5789.0192.9797.8797.63104.69113.19121.88110.67
Interest & Other Itemssubtract24.8413.3219.4727.6933.1824.7620.6623.2925.50
Taxes & Other Itemssubtract-43.1917.8219.31-36.58-31.5826.5343.14-5.67-6.75
EPS0.000.180.37-1.17-0.460.280.37-0.26-0.27

PWL Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual report

PDF
 

PWL Stock Peers

PWL Past Performance & Peer Comparison

PWL Past Performance & Peer Comparison

Comparing 3 stocks from 
Consumer DiscretionaryEducation Services

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Physicswallah Ltd-1,558.5322.56
International Gemological Institute Ltd20.709.890.72%
Shanti Educational Initiatives Ltd562.6542.73
Niit Learning Systems Ltd12.752.051.42%

PWL Stock Price Comparison

Compare PWL with any stock or ETF
Compare PWL with any stock or ETF
PWL
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PWL Holdings

PWL Shareholdings

PWL Promoter Holdings Trend

PWL Promoter Holdings Trend

Decreased Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 1.03%

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

PWL Institutional Holdings Trend

PWL Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

PWL Shareholding Pattern

PWL Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding71.27%5.64%7.48%12.02%3.60%

Nov 2025

Dec 2025

Mar 2026

Jun 2026

PWL Shareholding History

PWL Shareholding History

SepNovDec '25MarJun0.00%11.89%12.40%11.56%12.02%

Mutual Funds Invested in PWL

Mutual Funds Invested in PWL

No mutual funds holding trends are available

Top 5 Mutual Funds holding Physicswallah Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
1.0978%0.47%-0.10%203/271 (+6)
0.6412%0.52%-0.05%33/33 (-2)
0.5966%0.40%0.12%153/290 (+4)

Compare 3-month MF holding change on Screener

PWL Insider Trades & Bulk Stock Deals

PWL Insider Trades & Bulk Stock Deals

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smallcases containing PWL stock

smallcases containing PWL stock

Looks like this stock is not in any smallcase yet.

PWL Events

PWL Events

PWL Dividend Trend

No Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

PWL has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

PWL Dividend Trend

No Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

PWL has not given any dividends in last 5 years

PWL Dividends

PWL Dividends

Hmm, looks like data is unavailable here. Please come back after some time

PWL Stock News & Opinions

PWL Stock News & Opinions

Corporate
Corporate
Physicswallah Limited’s board approved allotment of shares to employees exercising stock options

Physicswallah Limited, formerly Physicswallah Private Limited, announced the allotment of 41,22,180 fully paid-up equity shares of face value INR 1 each, following the exercise of vested stock options by eligible employees under the Physicswallah Limited Employees' Stock Option Plan, 2022. The allotment, approved by the board on September 10, 2026, increased the company’s paid-up share capital from INR 2,90,08,86,652 to INR 2,90,50,08,832, and involved 11,45,050 options exercised, realizing INR 11,45,050 for the company.

4 days agoCapital Market - Live
Corporate
Corporate
Sandeep Singhal resigns as Non-Executive Director of Physicswallah, effective August 2026

Physicswallah Limited informed the National Stock Exchange of India Limited and BSE Limited that Sandeep Singhal has resigned as a Non-Executive Nominee Director, effective August 19, 2026, due to other professional and personal commitments.

3 weeks agoCapital Market - Live
Earnings
Earnings
Physicswallah Ltd consolidated sales up 14.71% on year in Q2FY2026, net profit soared by 27.68%

Physicswallah Ltd share price declined by 0.80% to Rs 117.2. The Company's net profit saw a strong growth of 27.68% to Rs 88.28 crore, while revenue from operations gained 14.71% to Rs 1053.95 crore in Q2FY26 over Q1FY26. The market capitalization of E-Learning industry group stocks on BSE stood at Rs 35994.62 crore, expanding by 15.14%. It has softened by 7.50% over last one week and moved up slightly by 4.70% in last one month while the market capitalization of Physicswallah Ltd has eased by 8.15% and 4.89% in the same period respectively. Profit before tax (PBT) of Physicswallah Ltd stood at Rs 84.32 crore in Q2 FY26, crashing by 44.54% year-on-year, and rising 4.67% quarter-on-quarter. EBITDA came in at Rs 166 crore, surging by 26.21% YoY and jumping 360.44% sequentially. Total expenses jumped by 20.72% to Rs 1221.52 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 35.47 crore, soaring by 46.57% YoY, while employee benefits expense was at Rs 528.33 crore, registering a growth of 8.55% YoY. For the TTM ended FY26, revenue from operations witnessed a strong growth of 48.74% to Rs 2886.64 crore, while net profit plunged by 78.49% to Rs 243.26 crore, compared to previous TTM. EBITDA saw a sharp decline of 98272% to Rs 78.92 crore, and PBT tanked by 78.32% to Rs 258.55 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 507.04 crore in FY26, as against Rs 212.03 crore in FY25. Physicswallah Ltd crashed 24.48% in last one year, underperforming the benchmark BSE Sensex which has eased by 3.21% during the same period.

4 weeks agoCapital Market - Live
Corporate
Corporate
Physicswallah Limited to fully acquire Bharat Innovations Global for no consideration

Physicswallah Limited announced it will acquire the remaining 10% stake in Bharat Innovations Global Private Limited from NSDC International Limited for no consideration, making Bharat Innovations Global Private Limited a wholly owned subsidiary. The acquisition will increase Physicswallah Limited’s shareholding in Bharat Innovations Global Private Limited from 90% to 100%, and is expected to be completed within six months. Bharat Innovations Global Private Limited, incorporated on November 26, 2024, is engaged in providing online and offline coaching and has a turnover of Rs 0.16 crore for the financial year 2025-26.

1 month agoCapital Market - Live
Corporate
Corporate
Physicswallah Limited's board approved new Articles of Association, pending approvals

Physicswallah Limited, formerly known as Physicswallah Private Limited, announced that its Board of Directors approved the adoption of a new set of Articles of Association, replacing the existing ones, subject to shareholder approval and required regulatory approvals.

1 month agoCapital Market - Live
Corporate
Corporate
Physicswallah Limited appoints Anoop Kumar Mittal as Additional Director for five years

Physicswallah Limited announced the appointment of Mr. Anoop Kumar Mittal as an Additional Director in the category of Non-Executive Independent Director, for a term of five years with effect from August 14, 2026, subject to shareholder approval. Mr. Mittal, who holds a Ph.D. (Honoris Causa) from Singhania University, previously served as Chairman and Managing Director of NBCC (India) Limited from 2013 to 2019 and is not debarred from holding the office of Director by any regulatory authority.

1 month agoCapital Market - Live
Corporate
Corporate
Physicswallah Limited appointed Naresh Verma & Associates as Secretarial Auditor for five years

Physicswallah Limited, formerly Physicswallah Private Limited, announced the appointment of M/s. Naresh Verma & Associates as its Secretarial Auditor for a term of five consecutive years, commencing from the conclusion of the 6th Annual General Meeting until the conclusion of the 11th AGM, subject to shareholder approval at the upcoming Annual General Meeting.

1 month agoCapital Market - Live
Corporate
Corporate
Physicswallah Limited to review quarterly financial results at a board meeting Friday

Physicswallah Limited will hold a board meeting on Friday, August 14, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, according to a regulatory filing. Trading in the company's securities for designated persons and their immediate relatives will be closed until Sunday, August 16, 2026, following the declaration of the financial results.

1 month agoCapital Market - Live
Corporate
Corporate
Physicswallah allots 44.94 lakh equity shares under ESOP

Physicswallah has allotted 44,94,276 equity shares under ESOP on 20 June 2026. Consequent to the aforesaid allotment, the paid-up share capital of the Company shall stand increased from Rs. 2,89,63,92,376 to Rs. 2,90,08,86,652.

2 months agoCapital Market - Live
Corporate
Corporate
Physicswallah allots 77.91 lakh equity shares under ESOP

Physicswallah has allotted 77,91,768 equity shares under ESOP on 10 June 2026. Consequent to the aforesaid allotment, the paid-up share capital of the Company shall stand increased from Rs. 2,88,86,00,608 to Rs. 2,89,63,92,376.

3 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. The share price of PWL as on 11th September 2026 is ₹136.10. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. The past returns of Physicswallah Ltd (PWL) share are
    • Past 1 week: 8.71%
    • Past 1 month: 6.44%
    • Past 3 months: 28.46%
    • Past 6 months: 63.64%
    • Past 1 year: -12.33%
    • Past 3 years: N/A%
    • Past 5 years: -12.33%

  3. Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Physicswallah Ltd (PWL) is ₹39481.07 Cr as of 11th September 2026.

  4. The 52-week high of Physicswallah Ltd (PWL) is ₹161.99 and the 52-week low is ₹77.72.

  5. The P/E (price-to-earnings) ratio of Physicswallah Ltd (PWL) is -1755.49. The P/B (price-to-book) ratio is 25.41.

  6. Physicswallah Ltd (PWL) belongs to the Consumer Discretionary sector & Education Services sub-sector.

  7. You can directly buy Physicswallah Ltd (PWL) shares on Tickertape. Simply sign up, connect your demat account and place your order.