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PWL · NSE · E-Learning

Physicswallah Ltd

What the numbers mean, from its filings and the exchange. Data as of 13 Oct 2026.
Small Cap · AMFI list Jan-Jun 2026 · Vendor sector: Education
No valuation view.No view: a loss-maker (growth stage), so earnings multiples do not apply.
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is Physicswallah's share price today?

Physicswallah last traded at ₹138.55 on the NSE, as of 13 Oct 2026, 11:45 am IST, down 1.2% on the day, down 9.7% over a year. Its 52-week range is ₹78 to ₹162. The live price is in the app.

₹138.55 −1.2% today
−9.7% over 1 year · NSE, as of 13 Oct 2026, 11:45 am IST
11 month-end closes, 30 Nov 2025 to 30 Sep 2026, adjusted for splits and bonuses
52-week range72% of the way up
Low ₹78High ₹162

What is Physicswallah's market cap?

Physicswallah's market capitalisation is about ₹40,797 crore: what it would cost to buy every share at today's price. That makes it the 10th largest small cap company we cover.

₹40,797 Cr Small Cap10th largest small cap company
Small Cap means the companies ranked 251 and below by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: PWL
ISIN
INE0LP301011
Cap bucket
Small Cap, 10th largest by market cap
Industry (NSE)
Consumer Discretionary › Consumer Services › Other Consumer Services › E-Learning
Listed since
2025
Futures and options
Not traded

Is Physicswallah overvalued?

No valuation view yet. No view: a loss-maker (growth stage), so earnings multiples do not apply.

Valuation

Latest price and trailing 12 months
P/E 1,197.42
Industry 253.78
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 5.84
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹40,797 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield Not available
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) Not available
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth Not available
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
1 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored; P/E vs own history: no positive EPS; Warranted P/B: no ROE

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is Physicswallah a quality business?

Quality score 26.2; WATCH on 25 of 30 flags judged.

Quality and risk

Data as of 13 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 26.2
among 21 companies
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level WATCH
25 of 30 flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Profitability

ROE Not available
Return on equity: profit as a share of shareholders' money. Learn more →
ROCE Not available
Return on capital employed: operating profit as a share of all the capital in the business, debt and equity. Learn more →
Profit margin 0.5%
vs peers 12.8% · 17th of 21
Profit after everything, as a share of revenue. Learn more →
EPS Not available
Profit for each share over the last 12 months.

Scorecard

🔒 Pro
Health scores and red flags with their values and history: in the app.
See the scorecard →
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Has Physicswallah made money for shareholders?

Not over these periods: −9.7% over one year.

Shareholder returns

1-year return −9.7%
Price only
What the share price did over the last 12 months. Learn more →
5-year return Not available
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer Not available
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
+6.4%
1M
+7.3%
3M
−1.6%
6M
+39.2%
1Y
−9.7%
3Y
—
5Y
—
— not available

Is Physicswallah growing?

Revenue 3 years 74.9% a year; revenue 5 years 79.7% a year; profit 5 years -27.0% a year.

Growth

Statements through FY2026 (Mar-26)
Revenue 3 years 74.9% a year
vs peers 23.0% · 1st of 19
Compound annual growth of revenue over three years. Learn more →
Profit 3 years Not available
Compound annual growth of net profit over three years. Learn more →
Revenue 5 years 79.7% a year
Compound annual growth of revenue over five years. Learn more →
Profit 5 years -27.0% a year
Compound annual growth of net profit over five years. Learn more →
EPS 3 years Not available
Growth in earnings per share, so dilution counts against the company. Learn more →
EPS 5 years Not available
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
P/E vs own history Not available
Today's P/E against its own 5-year median; negative is cheaper than its history. Learn more →

How did Physicswallah do last quarter?

Physicswallah reported revenue of ₹1,054 Cr, up 39.0% on a year earlier and a net profit of ₹-88 Cr, down 70.6% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Revenue, latest quarter₹1,054 Cr
+39.0% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹-88 Cr
−70.6% on a year earlier
What was left for shareholders after every cost and tax.

How does Physicswallah compare with its peers?

Compared with 20 Consumer Services (the sector, as the industry was too small); the ranks are in the app.

Compared with 20 Consumer Services (the sector, as the industry was too small)

20 companies

Physicswallah against its peers

Largest 10 of 20 peers, by market cap
CompanyMarket capP/EP/BROEROCE1YQuality 🔒Rank 🔒
Physicswallah Ltd₹40,797 Cr1,197.45.8——−9.7%
Trent Ltd₹1.6 L Cr86.015.228.9%29.2%−6.7%
Lenskart Solutions Ltd₹1.1 L Cr176.99.55.9%7.6%+60.8%
Meesho Ltd₹1.1 L Cr—1.94.5%5.8%+35.8%
Indian Hotels Co Ltd₹1.0 L Cr47.56.412.2%16.9%−2.0%
FSN E-Commerce Ventures Ltd₹97,399 Cr385.437.35.1%6.6%+30.0%
Info Edge (India) Ltd₹78,063 Cr49.41.8-1.6%4.8%−9.7%
Swiggy Ltd₹63,487 Cr—3.2——−47.1%
Vishal Mega Mart Ltd₹45,115 Cr51.07.09.9%13.2%−34.8%
Indian Railway Catering & Tourism Corporation Ltd₹37,016 Cr26.39.235.0%43.9%−34.8%
ITC Hotels Ltd₹32,060 Cr37.12.47.2%10.0%−27.7%
Peer median—————−12.3%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns Physicswallah?

Physicswallah is held by promoters 71.3%, foreign institutions 12.0%, domestic institutions 13.1%.

Shareholding pattern

Latest filing, percent of shares
Promoters71.3%
The founders and controlling group.
Foreign institutions12.0%
Overseas funds investing through the FPI route.
Domestic institutions13.1%
Indian insurers, banks, pension and mutual funds together.
Mutual funds5.6%
Indian mutual fund schemes; part of domestic institutions.
Retail and others1.9%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about Physicswallah?

10 analysts cover Physicswallah, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

10 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does Physicswallah do and what is it sensitive to?

PhysicsWallah Limited sells exam-preparation courses to students in India through an online channel (paid batches, crash courses, AI-enabled tools) and an offline network of centres. Sensitive to: operating leverage on revenue growth.

Business-model card

FY2026 · 27 verified
2Revenue
3Channels
0Regulators
0Reg. dependencies
3Sensitivities
3Costs
3Geographies

PhysicsWallah Limited sells exam-preparation courses to students in India through an online channel (paid batches, crash courses, AI-enabled tools) and an offline network of centres. Revenue comes from paid enrolments and batch fees, with additional value-added services and a low-priced product (Pi) added to the mix.

Revenue engine

2 verified
Online channel
Interpretation: earns from paid online users and enrolments; excerpt gives paid user counts but not revenue split by channel.
Offline centres
Earns from in-person student enrolments at company centres; the excerpt states the centre expansion and enrolment count but not revenue split.

Customers & channels

3 verified
Students in Tier-2 and Tier-3 regions and non-English backgrounds
Company says its online offer is aimed at these learners; the excerpt does not give their share of revenue.
State board students in classes 9-12
Company describes this as a large, underserved base currently served by fragmented local coaching; it is a target segment for growth.
Low-ticket learners via Pi
Company says Pi targets learners outside the traditional paid ecosystem at a low price point.

Sensitivities

3 verified
Operating leverage on revenue growth
Direction: adjusted EBITDA margin rose as revenue grew. Interpretation: if enrolment growth slows, margin gains would likely reverse.
One-time expenses
Direction: reported 9M FY26 PAT is shown after adjusting for one-time expenses; higher one-off costs lower reported profit.
Low-cost mobile data access
Company cites widespread low-cost mobile data as a demand factor; Interpretation: reduced data access would weaken online reach.

Cost inputs

3 verified
Faculty (employees and consultants)
Teaching workforce driver; the excerpt gives headcount but not cost.
Centre network
Fixed-cost base of company-run centres; the excerpt gives counts by type but not cost.
AI tutor doubt resolution
Interpretation: AI tutor handles doubts at scale, which could reduce per-student teaching time; the excerpt does not state a cost figure.

Geographies

3 verified
India
Company's online market; the excerpt gives its penetration of the Indian online education market.
Tier-2 and Tier-3 regions
Company states participation from these regions grew at its Vishwas Diwas event.
Non-Hindi regions
Company says it is poised for expansion here; the excerpt says the company has traditionally been strongest in the Hindi-speaking belt.
Each statement is checked word for word against the FY2026 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (14 Aug 2026).

Change log

4 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Results filedQ4 FY2026 results filed.
  3. Results filedQ3 FY2026 results filed.
  4. Results filedQ2 FY2026 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored; P/E vs own history: no positive EPS; Warranted P/B: no ROE.
  • FlagsWATCH on 25 of 30 flags judged; 2 red; 5 could not be judged.
  • ForensicsForensic scores withheld: share count up 31% in the year.
  • Data gapsDividend yield, PEG (vendor), PEG on our 3-year EPS growth, Business quality, ROE, ROCE and 7 more: not available yet.

What this page rests on

✓5 years of annual statements, through FY2026 (Mar-26)✓9 quarters of results✓11 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2026 · 27 verified

Questions people ask

What is Physicswallah's share price today?

Physicswallah last traded at ₹138.55 on the NSE, as of 13 Oct 2026, 11:45 am IST, down 1.2% on the day, down 9.7% over a year. Its 52-week range is ₹78 to ₹162. The live price is in the app.

What is Physicswallah's market cap?

Physicswallah's market capitalisation is about ₹40,797 crore: what it would cost to buy every share at today's price. That makes it the 10th largest small cap company we cover.

Is Physicswallah Ltd a large cap, mid cap or small cap?

Physicswallah Ltd (PWL) is a small cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is Physicswallah Ltd's P/E ratio?

1,197.42, Industry 253.78. Price divided by last year's earnings per share: how many years of today's profit you pay for.

How does Physicswallah Ltd make money?

PhysicsWallah Limited sells exam-preparation courses to students in India through an online channel (paid batches, crash courses, AI-enabled tools) and an offline network of centres. Revenue comes from paid enrolments and batch fees, with additional value-added services and a low-priced product (Pi) added to the mix.

Who are Physicswallah Ltd's peers?

Compared with 20 Consumer Services (the sector, as the industry was too small): Trent Ltd, Lenskart Solutions Ltd, Meesho Ltd, Indian Hotels Co Ltd, FSN E-Commerce Ventures Ltd and 15 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did Physicswallah do last quarter?

Physicswallah reported revenue of ₹1,054 Cr, up 39.0% on a year earlier and a net profit of ₹-88 Cr, down 70.6% in the Jun 2026 quarter.

Who owns Physicswallah?

Physicswallah is held by promoters 71.3%, foreign institutions 12.0%, domestic institutions 13.1%.

What do analysts say about Physicswallah?

10 analysts cover Physicswallah, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

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