PHYSICSWALLAH LIMITED (PWL) financials

PHYSICSWALLAH LIMITED (PWL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

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]

Market Cap: ₹40,797Cr.
Current Price: ₹140
Stock P/E: 373
ROE: -1.09%
ROCE: 2.67%
Book Value: ₹15.0
Dividend Yield: 0.00%
52W High / Low: ₹162/77.7

In Jun 2026, PHYSICSWALLAH LIMITED (PWL) reported sales ₹928 Cr and net profit ₹-26 Cr.

Annual TTM: sales ₹3,478 Cr, net profit ₹31 Cr.

Shareholding: Promoters 71.27% (Jun 2026), FIIs 12.01% (Jun 2026), DIIs 13.12% (Jun 2026), Public 3.60% (Jun 2026), No. of Shareholders 1,79,493% (Jun 2026).

PWL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	695	680	464	694	896	919	736	928
Expenses	543	492	740	776	724	723	770	951
Operating Profit	151	188	-276	-82	172	195	-34	-23
OPM %	22%	28%	-59%	-12%	19%	21%	-4.7%	-2.5%
Other Income	32	41	18	63	51	48	1	108
Interest	11	17	27	31	23	18	21	23
Depreciation	66	68	71	77	81	87	92	85
Profit before tax	106	144	-355	-126	118	138	-146	-23
Tax %	20%	24%	-11%	-22%	25%	27%	-10%	15%
Net Profit	85	110	-314	-98	89	100	-132	-26
EPS in Rs	14.14	18.07	-1.44	-0.45	0.41	0.35	-0.46	-0.09
Raw PDF	—	—	—	—	—	—	—	—

PWL profit and loss (₹ Cr.)
Category	Mar 2021 10m	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	25	232	735	1,536	2,334	3,245	3,478
Expenses	15	100	744	2,413	2,261	2,994	3,169
Operating Profit	9	133	-10	-876	73	251	310
OPM %	38%	57%	-1.3%	-57%	3.1%	8%	9%
Other Income	0	2	29	15	120	164	208
Interest	0	0	20	59	77	93	85
Depreciation	0	3	80	211	267	337	345
Profit before tax	9	131	-81	-1,131	-150	-16	87
Tax %	25%	25%	-5%	-5%	-10%	153%	—
Net Profit	7	98	-77	-1,071	-136	-40	31
EPS in Rs	6,930.00	16.29	-12.80	-178.50	-0.62	-0.14	0.21
Dividend Payout %	0%	0%	0%	0%	0%	0%	—

PWL balance sheet (₹ Cr.)
Category	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0.01	6	6	6	218	286
Reserves	7	99	89	-866	920	4,002
Borrowings	0	0	956	2,389	1,747	1,809
Other Liabilities	41	66	801	838	1,302	1,706
Total Liabilities	48	171	1,852	2,367	4,188	7,803
Fixed Assets	1	13	585	935	1,121	1,189
CWIP	0	6	5	0	9	8
Investments	3	38	494	516	1,828	3,192
Other Assets	44	114	768	916	1,229	3,415
Total Assets	48	171	1,852	2,367	4,188	7,803

PWL cash flows (₹ Cr.)
Category	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	45	57	267	295	473	821
Cash from Investing Activity	-4	-58	-1,092	-150	-1,517	-3,310
Cash from Financing Activity	0	0	850	-148	1,039	2,776
Net Cash Flow	41	-1	24	-3	-6	287
Free Cash Flow	44	36	127	89	337	643
CFO/OP	476%	68%	-3,029%	-34%	651%	336%

PWL shareholding pattern (%)
Category	Dec 2025	Mar 2026	Jun 2026
Promoters	72.30%	72.30%	71.27%
FIIs	12.40%	11.56%	12.01%
DIIs	12.75%	13.46%	13.12%
Public	2.57%	2.68%	3.60%
No. of Shareholders	2,03,128	1,94,993	1,79,493

PWL key ratios
Category	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	22	0	3	4	5	6
Inventory Days	—	—	162	—	—	—
Days Payable	—	—	314	—	—	—
Cash Conversion Cycle	22	0	-149	4	5	6
Working Capital Days	-557	-81	-186	-101	-86	40
ROCE %	—	235%	-10%	-80%	-3%	3%

PWLUpdated 13 Oct 2026, 5:58

Physicswallah Limited

PWLUpdated 13 Oct 2026, 5:58

Market Cap

₹40,797Cr.

Current Price

₹140

High / Low

₹162/77.7

Stock P/E

373

ROE-1.09%

ROCE2.67%

Book Value₹15.0

Face Value₹1.00

Dividend Yield0.00%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Sep 2024	695	11	543	32	66	106	20	85	14.14
Dec 2024	680	17	492	41	68	144	24	110	18.07
Mar 2025	464	27	740	18	71	-355	-11	-314	-1.44
Jun 2025	694	31	776	63	77	-126	-22	-98	-0.45
Sep 2025	896	23	724	51	81	118	25	89	0.41
Dec 2025	919	18	723	48	87	138	27	100	0.35
Mar 2026	736	21	770	1	92	-146	-10	-132	-0.46
Jun 2026	928	23	951	108	85	-23	15	-26	-0.09

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2021 10m	25	0	15	0	0	9	25	7	6930
Mar 2022	232	0	100	2	3	131	25	98	16.29
Mar 2023	735	20	744	29	80	-81	-5	-77	-12.8
Mar 2024	1536	59	2413	15	211	-1131	-5	-1071	-178.5
Mar 2025	2334	77	2261	120	267	-150	-10	-136	-0.62
Mar 2026	3245	93	2994	164	337	-16	153	-40	-0.14
TTM	3478	85	3169	208	345	87	—	31	0.21

Shareholding pattern

As of Jun 2026%

Holder	Share
Promoters	71.27%
FIIs	12.01%
DIIs	13.12%
Public	3.6%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2025	72.3%	12.4%	12.75%	2.57%
Mar 2026	72.3%	11.56%	13.46%	2.68%
Jun 2026	71.27%	12.01%	13.12%	3.6%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2021	0.01	7	0	41	48	1	0	3	44	48
Mar 2022	6	99	0	66	171	13	6	38	114	171
Mar 2023	6	89	956	801	1852	585	5	494	768	1852
Mar 2024	6	-866	2389	838	2367	935	0	516	916	2367
Mar 2025	218	920	1747	1302	4188	1121	9	1828	1229	4188
Mar 2026	286	4002	1809	1706	7803	1189	8	3192	3415	7803

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2021	45	-4	0	41
Mar 2022	57	-58	0	-1
Mar 2023	267	-1092	850	24
Mar 2024	295	-150	-148	-3
Mar 2025	473	-1517	1039	-6
Mar 2026	821	-3310	2776	287

Key ratios

Historical financial ratios

Category	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	22	0	3	4	5	6
Inventory Days	—	—	162	—	—	—
Days Payable	—	—	314	—	—	—
Cash Conversion Cycle	22	0	-149	4	5	6
Working Capital Days	-557	-81	-186	-101	-86	40
ROCE %	—	235%	-10%	-80%	-3%	3%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of PHYSICSWALLAH LIMITED (PWL)?

The reported market capitalisation for PHYSICSWALLAH LIMITED (PWL) is ₹40,797Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of PWL?

The current price shown for PHYSICSWALLAH LIMITED (PWL) on Fincrux is ₹140 with a 52-week high/low of ₹162/77.7.

What is the P/E ratio of PHYSICSWALLAH LIMITED (PWL)?

The stock P/E for PHYSICSWALLAH LIMITED (PWL) is 373 on Fincrux, with ROE at -1.09% and ROCE at 2.67%.

What were PWL latest quarterly results?

For Jun 2026, PHYSICSWALLAH LIMITED (PWL) reported sales ₹928 Cr and net profit ₹-26 Cr (figures in ₹ crore unless noted).

What are PWL annual sales and net profit?

For TTM, PHYSICSWALLAH LIMITED (PWL) shows sales of ₹3,478 Cr and net profit of ₹31 Cr on the Fincrux profit & loss statement.

Who owns PHYSICSWALLAH LIMITED (PWL)?

Latest shareholding for PHYSICSWALLAH LIMITED (PWL) on Fincrux: Promoters 71.27% (Jun 2026), FIIs 12.01% (Jun 2026), DIIs 13.12% (Jun 2026), Public 3.60% (Jun 2026), No. of Shareholders 1,79,493% (Jun 2026).

Where can I find PHYSICSWALLAH LIMITED (PWL) financials?

PHYSICSWALLAH LIMITED (PWL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show PWL balance sheet and cash flow?

Yes. The PHYSICSWALLAH LIMITED (PWL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 13 October 2026 at 5:58