Swiggy Limited
Swiggy Limited operates in E-Retail/ E-Commerce, part of the Consumer Services sector. It booked ₹7,571 cr of revenue in its latest quarter (Q2 FY27) and kept -12.2% of sales as profit. It is the 4th largest of 9 E-Retail/ E-Commerce companies we track, by market value.
| Segment | FY25 | FY26 | Share |
|---|---|---|---|
| Supply chain and distribution | 6,418 | 10,935 | 42% → 47% |
| Food Delivery | 6,362 | 7,839 | 42% → 34% |
| Quick commerce | 2,130 | 3,859 | 14% → 17% |
| Out of home consumption | 238 | 375 | 2% → 2% |
| Platform Innovations | — | 52 | 0% |
| Total | 15,147 | 23,060 |
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 52% of companies in Consumer Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 44–46 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 24
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 SWIGGY?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
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 We do not publish price targets or predict returns.
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 2026-11-04.
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 | ₹7,571 cr |
| Other Income | ₹212 cr |
| Total Income | ₹7,783 cr |
| Cost of Materials | ₹0 cr |
| Purchases of Stock-in-Trade | ₹3,607 cr |
| Inventory Change (±) | ₹-164 cr |
| Employee Benefit Expense | ₹676 cr |
| Finance Costs | ₹54 cr |
| Depreciation & Amortisation | ₹308 cr |
| Other Expenses | ₹4,222 cr |
| Total Expenses | ₹8,703 cr |
| Profit before Tax | ₹-920 cr |
| Tax Expense | ₹0 cr |
| Share of JV / Associates | ₹-2 cr |
| Net Profit | ₹-922 cr |
| Net margin on total income | -11.8% |
The company made a net loss of ₹922 cr this quarter — income covered only ₹89 of every ₹100 it spent on costs and tax.
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 6,383 cr | 6,812 cr | 7,571 cr |
| Total income | 6,649 cr | 7,023 cr | 7,783 cr |
| Expenses | 7,448 cr | 7,813 cr | 8,703 cr |
| Profit before tax | -799 cr | -790 cr | -920 cr |
| Tax | 0 cr | 0 cr | 0 cr |
| Net profit (owners' share) | -800 cr | -792 cr | -922 cr |
| Net margin (owners' share, on revenue) | -12.5% | -11.6% | -12.2% |
| EPS (₹) | -3.34 | -2.96 | -3.45 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| ETERNAL LIMITED | ₹349 | ₹3.22 L cr | 624.0 | 1.6% | 0.5% | — |
| Meesho Limited | ₹223 | ₹1.03 L cr | — | -12.6% | -3.2% | — |
| FSN E-Commerce Ventures Limited | ₹354 | ₹1.01 L cr | 316.0 | 22.3% | 2.9% | — |
| Swiggy Limitedthis company | ₹177 | ₹46,301 cr | — | -21.7% | -12.2% | — |
| Urban Company Limited | ₹159 | ₹23,639 cr | — | -36.9% | -34.0% | — |
| Cartrade Tech Limited | ₹2,498 | ₹12,146 cr | 50.8 | 9.0% | 27.9% | — |
| Brainbees Solutions Limited | ₹163 | ₹7,916 cr | — | -2.6% | -1.5% | — |
| Rentomojo Limited | ₹549 | ₹5,510 cr | 175.8 | — | 6.2% | — |
| RattanIndia Enterprises Limited | ₹25 | ₹3,449 cr | — | -12.8% | -1.2% | — |
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.
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 Sep 2026, the company says it has spent 21% of what it set aside, leaving ₹7,877 cr still to be spent. CRISIL RATINGS LIMITED watches the spending on the exchange’s behalf.
As of Sep 2026, the company says it has spent 92% of what it set aside, leaving ₹364 cr still to be spent. Crisil 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