Physicswallah Limited
Physicswallah Limited operates in E-Learning, part of the Consumer Services sector. It booked ₹1,054 cr of revenue in its latest quarter (Q1 FY27) and kept -7.4% of sales as profit. It is the largest of 3 E-Learning companies we track, by market value.
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
Healthier than 43% of companies in Consumer Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 34–46 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 52
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
Not measurable for this company: cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.
What if I invest in PWL?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹1,054 cr |
| Other Income | ₹109 cr |
| Total Income | ₹1,163 cr |
| Cost of Materials | ₹35 cr |
| Purchases of Stock-in-Trade | ₹44 cr |
| Inventory Change (±) | ₹-10 cr |
| Employee Benefit Expense | ₹528 cr |
| Finance Costs | ₹26 cr |
| Depreciation & Amortisation | ₹111 cr |
| Other Expenses | ₹513 cr |
| Total Expenses | ₹1,247 cr |
| Profit before Tax | ₹-84 cr |
| Tax Expense | ₹4 cr |
| Share of JV / Associates | ₹-11 L |
| Net Profit | ₹-88 cr |
| Net margin on total income | -7.6% |
The company made a net loss of ₹88 cr this quarter — income covered only ₹93 of every ₹100 it spent on costs and tax.
| Metric | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 1,082 cr | 919 cr | 1,054 cr |
| Total income | 1,147 cr | 984 cr | 1,163 cr |
| Expenses | 980 cr | 1,035 cr | 1,247 cr |
| Profit before tax | 144 cr | -81 cr | -84 cr |
| Tax | 41 cr | -11 cr | 4 cr |
| Net profit (owners' share) | 101 cr | -75 cr | -78 cr |
| Net margin (owners' share, on revenue) | 9.3% | -8.2% | -7.4% |
| EPS (₹) | 0.37 | -0.26 | -0.27 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Physicswallah Limitedthis company | ₹128 | ₹37,074 cr | — | -6.9% | -7.4% | — |
| Veranda Learning Solutions Limited | ₹215 | ₹2,067 cr | 17.7 | 12.2% | 19.5% | — |
| Jaro Institute of Technology Management and Research Limited | ₹471 | ₹1,030 cr | 23.0 | 12.4% | 15.8% | — |
| Usha Martin Education & Solutions Limited | ₹4 | — | 102.0 | 3.3% | 16.8% | — |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.
When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.
As of Jun 2026, the company says it has spent 34% of what it set aside, leaving ₹2,041 cr still to be spent. CARE Ratings Limited watches the spending on the exchange’s behalf.
Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing