Physicswallah Ltd (PWL) — shareholding pattern, promoter holding, financials and share price
About Physicswallah Ltd (PWL)
Physicswallah Ltd operates in the E-Learning industry, within the Consumer Services sector. It trades on the NSE as PWL and on the BSE under scrip code 544609. Its ISIN is INE0LP301011.
Physicswallah is an edtech company offering test preparation courses for various competitive examinations like JEE, NEET, UPSC, etc., and upskilling courses like Data science and analytics, banking and finance, software development, etc [1]
Physicswallah Limited is an omnichannel education company providing online, offline, and hybrid coaching and study materials for competitive exams such as JEE, NEET, UPSC, CA and more, and is expanding into K‑12 through its Pen Pencil arm and acquired school assets; the company combines teacher‑led pedagogy with technology for affordable, large‑scale learning.
Financially, PW delivered robust growth in 9M FY26: revenue of ₹29,807M (▲31% YoY), Q3 revenue ₹10,824M, adjusted EBITDA for 9M ₹6,474M (22% margin), Q3 PAT ₹1,023M, and a treasury of ₹50,544M post‑IPO, enabling significant strategic capital allocation while maintaining strong operating cash flow of ₹6,429M for 9M.
Listed peers in E-Learning: MPS Ltd, Veranda Learning Solutions Ltd, Jaro Institute of Technol. Mgt. and Research Ltd, Sodhani Academy of Fintech Enablers Ltd, Jetking Infotrain Ltd, Usha Martin Education & Solutions Ltd.
Valuation & Returns
10 Jul 2026At ₹147.95 a share on 10 Jul 2026, Physicswallah Ltd (PWL) was valued at a price-to-earnings ratio of 2,526x against an industry P/E of 20.47x and a price-to-book of 28.15x on a book value of ₹5.26 per share as of Mar 2025. Solomo computes return on equity of -1.59% and return on capital employed of 4.44% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 2,526x
- Industry P/E
- 20.47x
- P/B
- 28.15x
- EPS (TTM)
- ₹-0.08
- Book value / share
- ₹5.26
- ROE
- -1.59%
- ROCE
- 4.44%
- ROA
- -0.58%
- Debt / equity
- 0.65x
- Dividend yield
- 0%
- EBITDA margin
- 14.08%
- 52-week range
- ₹77.72 – ₹161.99
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Physicswallah Ltd (PWL) reported revenue of ₹3,900 crore, net profit of ₹-24 crore and earnings per share of ₹-0.08. That compares with revenue of ₹2,887 crore and net profit of ₹-243 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹919 crore and net profit ₹-69 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 233 | 744 | 1,940 | 2,887 | 3,900 |
| Net profit (₹ cr) | 98 | -84 | -1,131 | -243 | -24 |
| EPS (₹) | 16.37 | -13.57 | -173.43 | -0.99 | -0.08 |
| Measure | 3Y | 1Y |
|---|---|---|
| Sales growth | 115.73% | 48.74% |
| Profit growth | - | 78.49% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 71.27% of Physicswallah Ltd (PWL) (down 1.03 pp QoQ), foreign institutional investors (FII) hold 12.02% and domestic institutional investors (DII) hold 13.11%. Market capitalisation was ₹42,919 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Dec 2025.
Largest disclosed public shareholders in Jun 2026: Westbridge AIF I 5.37%, Hornbill Capital Partner Limited 3.97%, GSV Ventures Fund Iii, L.P. 2.56%, Lightspeed Opportunity Fund Ii L P 1.61%, Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund 1.26%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 71.27% | - | 12.02% | 13.11% | 28.73% |
| Mar 2026 | 72.3% | - | 11.56% | 13.46% | 27.7% |
| Dec 2025 | 72.3% | - | 12.4% | 12.74% | 27.7% |