SWIGGY Ltd (SWIGGY) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+0.56%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 14.0%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: -29.1%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹182.43

200-Day DMA ● Overlay

₹169.20

14-Day RSI ● Overlay

54 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹65,695 Cr

Mid cap

Stock P/E (TTM) Valuation

19.1x

Price / EPS

Book Value (₹) Assets

₹66.4

P/B: 3.6x

ROE (%) Quality

-29.1%

Net Profit / Equity

ROCE (%) Efficiency

-24.1%

EBIT / Capital

Dividend Yield Yield

0.00%

Face Value: ₹10

Debt / Equity Solvency

0.14x

Manageable

EPS (TTM) Per Share

₹9.89

Trailing 12M

OPM (%) Spread

-12.0%

EBITDA Margin

Free Cash Flow Cash

-₹3,809 Cr

CFO - Capex

About SWIGGY Ltd

SWIGGY Ltd (SWIGGY) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: -8.6% × Turnover: 0.85x × Leverage: 1.14x = ROE: -29.1%

✓ Company Strengths (Pros)

• Company has maintained a healthy low debt-to-equity ratio of 0.14.
• TickerPulse fundamental algorithm rates overall quality at 80/100.

⚠ Key Considerations & Risks (Cons)

• Company does not currently distribute regular cash dividends.

📑 10-Year Comprehensive Financial Statements

✓ 93% Coverage (14/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹24,904 Cr

Latest PAT

-₹3,748 Cr

EPS (TTM)

₹9.89

OPM %

-12.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹2,390 Cr	₹2,763 Cr	₹3,049 Cr	₹3,046 Cr	₹3,222 Cr	₹3,601 Cr	₹3,992 Cr	₹4,410 Cr	₹4,961 Cr	₹5,561 Cr	₹6,148 Cr	₹6,383 Cr	₹6,812 Cr
Operating Profit (EBITDA)	-₹575.00 Cr	-₹624.00 Cr	-₹526.00 Cr	-₹490.00 Cr	-₹544.00 Cr	-₹554.00 Cr	-₹726.00 Cr	-₹964.00 Cr	-₹955.00 Cr	-₹799.00 Cr	-₹783.00 Cr	-₹698.00 Cr	-₹651.00 Cr
OPM %	-24.0%	-23.0%	-17.0%	-16.0%	-17.0%	-15.0%	-18.0%	-22.0%	-19.0%	-14.0%	-13.0%	-11.0%	-10.0%
Interest Expense	₹17.00 Cr	₹15.00 Cr	₹18.00 Cr	₹20.00 Cr	₹20.00 Cr	₹23.00 Cr	₹26.00 Cr	₹32.00 Cr	₹41.00 Cr	₹48.00 Cr	₹55.00 Cr	₹56.00 Cr	₹53.00 Cr
Depreciation	₹91.00 Cr	₹105.00 Cr	₹108.00 Cr	₹117.00 Cr	₹122.00 Cr	₹131.00 Cr	₹154.00 Cr	₹206.00 Cr	₹288.00 Cr	₹304.00 Cr	₹313.00 Cr	₹312.00 Cr	₹298.00 Cr
Profit before Tax (PBT)	-₹564.00 Cr	-₹657.00 Cr	-₹574.00 Cr	-₹555.00 Cr	-₹611.00 Cr	-₹626.00 Cr	-₹799.00 Cr	-₹1,081 Cr	-₹1,197 Cr	-₹1,092 Cr	-₹1,065 Cr	-₹800.00 Cr	-₹791.00 Cr
Net Profit (PAT)	-₹564.00 Cr	-₹657.00 Cr	-₹574.00 Cr	-₹555.00 Cr	-₹611.00 Cr	-₹626.00 Cr	-₹799.00 Cr	-₹1,081 Cr	-₹1,197 Cr	-₹1,092 Cr	-₹1,065 Cr	-₹800.00 Cr	-₹791.00 Cr
EPS in ₹	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹-62.75	₹-3.57	₹-4.73	₹-4.80	₹-4.38	₹-3.86	₹-2.90	₹-2.87

Annual P&L (₹ Cr)	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹3,468 Cr	₹2,547 Cr	₹5,705 Cr	₹8,265 Cr	₹11,247 Cr	₹15,227 Cr	₹23,053 Cr	₹24,904 Cr
Expenses	₹7,292 Cr	₹3,843 Cr	₹9,355 Cr	₹12,538 Cr	₹13,447 Cr	₹18,015 Cr	₹26,288 Cr	₹27,835 Cr
Operating Profit	-₹3,824 Cr	-₹1,296 Cr	-₹3,650 Cr	-₹4,273 Cr	-₹2,199 Cr	-₹2,788 Cr	-₹3,235 Cr	-₹2,931 Cr
OPM %	-110%	-51%	-64%	-52%	-20%	-18%	-14%	-12%
Interest	₹85.00 Cr	₹75.00 Cr	₹48.00 Cr	₹58.00 Cr	₹71.00 Cr	₹101.00 Cr	₹200.00 Cr	₹212.00 Cr
Depreciation	₹217.00 Cr	₹221.00 Cr	₹170.00 Cr	₹286.00 Cr	₹421.00 Cr	₹612.00 Cr	₹1,217 Cr	₹1,227 Cr
Profit before Tax	-₹3,908 Cr	-₹1,612 Cr	-₹3,629 Cr	-₹4,179 Cr	-₹2,350 Cr	-₹3,117 Cr	-₹4,154 Cr	-₹3,748 Cr
Net Profit	-₹3,920 Cr	-₹1,617 Cr	-₹3,629 Cr	-₹4,179 Cr	-₹2,350 Cr	-₹3,117 Cr	-₹4,154 Cr	-₹3,748 Cr
EPS in Rs	0.00	0.00	0.00	0.00	0.00	-13.63	-15.05	-14.01

Balance Sheet (₹ Cr)	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹88.00 Lakh	₹1.00 Lakh	₹86.00 Lakh	₹3.00 Cr	₹3.00 Cr	₹229.00 Cr	₹261.00 Cr
Reserves & Surplus	₹2,966 Cr	₹1,736 Cr	-₹3,296 Cr	-₹6,509 Cr	-₹7,785 Cr	₹9,991 Cr	₹18,053 Cr
Borrowings (Debt)	₹89.00 Cr	₹93.00 Cr	₹16,071 Cr	₹16,162 Cr	₹16,437 Cr	₹1,702 Cr	₹2,551 Cr
Total Liabilities	₹4,402 Cr	₹2,915 Cr	₹14,412 Cr	₹11,281 Cr	₹10,529 Cr	₹15,205 Cr	₹25,237 Cr
Fixed Assets	₹1,332 Cr	₹747.00 Cr	₹801.00 Cr	₹1,505 Cr	₹2,041 Cr	₹3,631 Cr	₹4,558 Cr
Total Assets	₹4,402 Cr	₹2,915 Cr	₹14,412 Cr	₹11,281 Cr	₹10,529 Cr	₹15,205 Cr	₹25,237 Cr

Cash Flows (₹ Cr)	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	-₹3,841 Cr	-₹1,175 Cr	-₹3,900 Cr	-₹4,060 Cr	-₹1,313 Cr	-₹2,169 Cr	-₹2,898 Cr
Cash from Investing (CFI)	₹3,195 Cr	₹1,282 Cr	-₹9,160 Cr	₹3,968 Cr	₹1,472 Cr	-₹1,372 Cr	-₹4,983 Cr
Cash from Financing (CFF)	₹849.00 Cr	₹14.00 Cr	₹13,634 Cr	-₹172.00 Cr	-₹123.00 Cr	₹3,903 Cr	₹9,397 Cr
Free Cash Flow (FCF)	-₹4,175 Cr	-₹915.00 Cr	-₹4,128 Cr	-₹4,217 Cr	-₹1,657 Cr	-₹2,912 Cr	-₹3,809 Cr

Efficiency Ratios	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	13	24	71	47	31	59	64
Inventory Days	31	10	4	1	4	3	3
Cash Conversion Cycle (Days)	-268	-189	-79	-46	-35	-48	-16
ROCE %	0%	-57%	-48%	-37%	-24%	-29%	-24%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹151.05 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹189.05

DCF Fair Value

₹151.05

Graham Number

₹121.56

Margin of Safety

-27.1%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹151.05

Premium / Overvalued (Margin: -27.1%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹147	₹146	₹144	₹143
10%	₹150	₹148	₹147	₹146
12%	₹152	₹151	₹150	₹148
14%	₹155	₹154	₹152	₹151

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹151	Fairly Valued
Benjamin Graham Number	₹122	Market Priced
Historical Sector P/E	₹218	Discounted
EV / EBITDA Multiplier	₹199	In-Line
Free Cash Flow Yield Model	₹185	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 4/9 (Caution / High Leverage)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

4 / 9 Pass

Altman Z-Score

4.46 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.14x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Managing working capital

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at -12.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

52.40%

FIIs (Foreign)

13.96%

DIIs (Domestic)

27.38%

Government

0.15%

Public / Retail

53.57%

Swipe → to view historical quarters

Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	50.30%	50.30%	50.30%	50.30%	50.30%	50.30%	50.30%
+ FIIs (Foreign Portfolio)	6.19%	4.90%	7.36%	12.23%	16.07%	14.59%	13.96%
+ DIIs (Mutual Funds / Insurance)	7.75%	9.33%	13.53%	15.95%	22.54%	25.45%	27.38%
+ Public (Retail & HNIs)	86.07%	85.77%	71.38%	64.93%	55.47%	54.39%	53.57%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Diversified.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

SWIGGY Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

SWIGGY Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

SWIGGY Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹241.98

Accelerated market share capture in Diversified, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹211.74

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 19x P/E.

🐻 Bear Case (15%) -12.0%

₹166.36

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Diversified)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 19:57 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ SWIGGY Ltd (SWIGGY)	Target Stock	₹189.05	+0.56%	19.1x	-29.1%	-24.1%	0.14	₹65,695 Cr
LIFE INSURA CORP OF INDIA (LICI)	Diversified Operations	₹400.00	+0.25%	8.3x	37.8%	35.1%	0.00	₹4.97 Lakh Cr
BSE Ltd (BSE)	Diversified Operations	₹3,906.00	+2.34%	43.9x	46.0%	60.0%	0.00	₹1.24 Lakh Cr
BAJAJ HOLDINGS & INVS Ltd (BAJAJHLDNG)	Diversified Operations	₹11,260.00	+2.91%	13.4x	11.9%	11.0%	0.00	₹1.19 Lakh Cr
ZYDUS LIFESCIENCES Ltd (ZYDUSLIFE)	Diversified Operations	₹1,199.50	-1.35%	23.5x	21.2%	21.1%	0.46	₹1.14 Lakh Cr
HDFC AMC Ltd (HDFCAMC)	Diversified Operations	₹2,715.00	+3.64%	33.6x	32.9%	42.9%	0.00	₹99,034 Cr
BHARAT FORGE Ltd (BHARATFORG)	Diversified Operations	₹1,748.60	+1.37%	90.7x	12.0%	12.6%	0.76	₹91,626 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 93% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	19:57:08 IST	✓ Live Sync
Financial Statements (10Y)	SWIGGY Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

SWIGGY Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About SWIGGY Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Diversified)

Metric Explainer

Stock DNA Methodology

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