SWIGGYConsumer Services

Swiggy Limited

E-Retail/ E-Commerce · ISIN INE00H001014 · BSE 544285 · NSE EQ · FV ₹1
Last price
₹277
+2.22%today
What this company does

Swiggy Limited operates in E-Retail/ E-Commerce, part of the Consumer Services sector. It booked ₹6,812 cr of revenue in its latest quarter (Q1 FY27) and kept -11.6% of sales as profit. It is the 4th largest of 9 E-Retail/ E-Commerce companies we track, by market value.

In the report:
46out of 100
Equitytale Health Score
Mixed

Healthier than 46% 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

Price momentum
neutral
RSI (14)
50

At close. Not part of the score.

Profitability & returns1

How much profit it earns on the money it employs · lowest in its sector on what we could measure

Balance sheet53

How much it owes, and whether earnings cover the interest

Valuation76

What today's price implies, against our models or its peers

Governance & risk100

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.

Is this company doing well?
not investment advice
Some things to watch
Strengths
Sales up 37% vs last year
No promoter shares pledged
Virtually debt-free
Watch-outs
! Currently loss-making
! Thin -11.6% net margin
! Low -17.3% return on equity
! Operating cash flow is negative

What if I invest in SWIGGY?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — 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 We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹277 +2.22%
latest close · 2026-09-17
52-wk low ₹24342 sessions so far52-wk high ₹305
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio3.96High
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-17.3%Loss
WeakFairStrong ▸15%
Return on capital-14.5%Loss
WeakFairStrong
Net margin-11.6%Loss
ThinDecentStrong
EBITDA margin-6.4%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.01Comfortable
LowModerateHigh ▸1
Interest cover-13.9×Risky
RiskyOkayStrong ▸5×
Current ratio3.35Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹72,443 cr
Book value
₹70
EPS
₹-2.96
latest quarter
Net debt
₹-2,647 cr
more cash than debt
Enterprise value
₹69,796 cr
EBITDA
₹-1,756 cr
annualised
EBIT
₹-2,948 cr
annualised
Operating margin
-10.8%
Return on assets
-12.6%
Earnings yield
P/S
2.66
Sales / share
₹104.0
Tax rate
Face value
₹1
Shares
262.0 cr
Working capital
₹11,450 cr
Current assets
₹16,327 cr
Current liabilities
₹4,877 cr
Delivery %
50.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

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.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.

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.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹6,812 cr
Other Income₹211 cr
Total Income₹7,023 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹2,978 cr
Inventory Change (±)₹-3 cr
Employee Benefit Expense₹662 cr
Finance Costs₹53 cr
Depreciation & Amortisation₹298 cr
Other Expenses₹3,825 cr
Total Expenses₹7,813 cr
Profit before Tax₹-790 cr
Tax Expense₹0 cr
Share of JV / Associates₹-1 cr
Net Profit₹-791 cr
Net margin on total income-11.3%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹2,975 cr38.1%
Employee benefit expense₹662 cr8.5%
Finance costs₹53 cr0.7%
Depreciation & amortisation₹298 cr3.8%
Other expenses₹3,825 cr49.0%
Total income ₹7,023 cr

The company made a net loss of ₹791 cr this quarter — income covered only 90 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue6,148 cr6,383 cr6,812 cr
Total income6,244 cr6,649 cr7,023 cr
Expenses7,298 cr7,448 cr7,813 cr
Profit before tax-1,064 cr-799 cr-790 cr
Tax0 cr0 cr0 cr
Net profit (owners' share)-1,065 cr-800 cr-792 cr
Net margin (owners' share, on revenue)-17.3%-12.5%-11.6%
EPS (₹)-4.36-3.34-2.96
YoY (latest quarter): total income +39.1% · net profit
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹25,237 cr
Shareholder equity
₹18,314 cr
parent shareholders
Total debt
₹100 cr
Cash
₹2,747 cr
Cash flow · H1 FY26
Operating
₹-1,522 cr
Investing
₹1,632 cr
Financing
₹-171 cr
Peer comparison
E-Retail/ E-Commerce · by market value
CompanyPriceMarket capP/E
ETERNAL LIMITED₹322₹2.97 L cr805.9
Meesho Limited₹207₹95,542 cr
FSN E-Commerce Ventures Limited₹324₹92,748 cr289.1
Swiggy Limitedthis company₹277₹72,443 cr
Urban Company Limited₹163₹23,975 cr
Cartrade Tech Limited₹2,938₹14,109 cr68.7
Brainbees Solutions Limited₹169₹8,220 cr
RattanIndia Enterprises Limited₹26₹3,645 cr59.9
Intrasoft Technologies Limited₹90₹147 cr8.1
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
FII / Foreign
14.0%
DII / Domestic
27.4%
Retail / others
53.6%
Smart-money activity
Bulk / block deals
short · NSE516 Sep 26
short · NSE110 Sep 26
short · NSE19 Sep 26
What shareholders were asked to approve

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.

Yearly shareholder meeting · 18 Aug 2026
See the official result
1
Adoption of the Audited Standalone Financial Statements, Directors Report and the Statutory Auditors Report for the financial year ended March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
218.34 cr votes for, 2,030 against · 0% of mutual funds and other big investors said no
2
Adoption of the Audited Consolidated Financial Statements and the Statutory Auditors Report for the financial year ended March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
218.34 cr votes for, 1,991 against · 0% of mutual funds and other big investors said no
3
Appointment of Mr. Ashutosh Sharma (DIN: 07825610), who retires by rotation.
Backed by 96% of shareholders other than promotersneeded 50%
209.84 cr votes for, 8.52 cr against · 8% of mutual funds and other big investors said no
4
Re-classification of the authorised share capital of the company and consequent alteration to the Clause V of the Memorandum of Association of the Company
Backed by 100% of shareholders other than promotersneeded 50%
218.31 cr votes for, 4.34 L against · 0% of mutual funds and other big investors said no

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.

Money it raised, and what it did with it

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.

₹10,000 cr raised in Dec 2025 by selling shares to large investors

As of Jun 2026, the company says it has spent 13% of what it set aside, leaving ₹8,685 cr still to be spent. CRISIL RATINGS LIMITED watches the spending on the exchange’s behalf.

Investment in the expansion, and operations of our quick commerce fulfilment network, including dark stores and warehouses
0%
₹0 cr of ₹4,475 cr
Investment in technology and cloud infrastructure
10%
₹103 cr of ₹985 cr
Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of our platform, across our segments
11%
₹259 cr of ₹2,340 cr
Funding inorganic growth through unidentified acquisitions and general corporate purposes
42%
₹886 cr of ₹2,119 cr
Estimated Offer expense pertaining to fresh issue
82%
₹67 cr of ₹81 cr
Spent by quarter: 1%6%13% (to Jun 2026)
₹4,499 cr raised in Nov 2024 by selling shares to the public

As of Jun 2026, the company says it has spent 87% of what it set aside, leaving ₹566 cr still to be spent. Crisil Ratings Limited watches the spending on the exchange’s behalf.

Investment in our Material Subsidiary Scootsy for repayment or pre payment in full or in part of certain or all of its borrowings
100%
₹165 cr of ₹165 cr
Expansion of our Dark Store network for our Quick Commerce segment through setting up of Dark Stores
86%
₹652 cr of ₹755 cr
Making lease license payments for Dark Stores
42%
₹179 cr of ₹423 cr
Investment in technology and cloud infrastructure
78%
₹550 cr of ₹703 cr
Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of our platform across our segments
100%
₹1,110 cr of ₹1,115 cr
Funding inorganic growth through unidentified acquisitions and general corporate purposes
95%
₹1,137 cr of ₹1,197 cr
Spent by quarter: 21%42%63%74%84%87% (to Jun 2026)

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

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.