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Home › Company Intelligence › Physicswallah Limited (PWL)
NSE: PWL MID_CAP Diversified VERIFIED STATUTORY SOURCE • Data as of FY24 FRESH

Physicswallah Limited

Units: ₹ Crores • Basis: Statutory Filing (Consolidated/Primary) • Reporting Period: FY24 • Source: Audited Annual Financial Disclosure • Last Checked: 14 Sep 2026
FY24 Revenue ₹17,760 Cr
FY24 Net Profit ₹1,421 Cr
Reported EPS ₹71.04
Operating Margin 18.00%
Return on Equity 10.1%
ROCE 15.6%
Debt / Equity 0.45x
Net Profit Margin 8.00%
WHAT IS HAPPENING NOW • MATERIAL DEVELOPMENTS

Latest Earnings Released (Q1 FY27): Reported quarterly statutory revenue of ₹1,035.31 Cr with net profit of ₹-26.34 Cr (EPS: ₹-0.09).

Exchange Disclosure (2026-11-02): Options to purchase securities —

BUSINESS OVERVIEW & CORPORATE PROFILE

Official listing profile for Physicswallah Limited under Diversified.

Official listing profile for Physicswallah Limited under Diversified.

Key Offerings & Operating Lines:

Commercial & Industrial

Headquarters India
Incorporated N/A
Workforce N/A
Statutory Auditor N/A
Credit Rating N/A
SRK FUNDAMENTAL HEALTH SCORE Moderate (64/100)
64 / 100
Algorithmic 5-pillar assessment calibrated against audited SEBI filings and historical balance sheets.
Pillar Score Breakdown
Revenue & Earnings Growth 14 / 20
Profitability & Margins 11 / 20
Solvency & Capital Structure 9 / 20
Cash Flow Quality 20 / 20
Capital Allocation & Valuation 10 / 20
Key Strengths
  • + Steady top-line growth (13.6%)
  • + Moderate earnings growth (13.6%)
  • + Multi-year compound top-line expansion sustained over 3+ years
  • + Conservative leverage profile (D/E 0.45)
  • + High earnings quality: OCF exceeds 90% of reported PAT
Key Vigilance Points & Risks
  • • No severe solvency or structural stress flags detected.
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FINANCIAL PERFORMANCE • STATEMENT OF PROFIT & LOSS (IND-AS) Ind-AS Statutory • VERIFIED EXCHANGE FILING
Multi-Year Revenue & Net Profit Trajectory (₹ Crores • Ind-AS)
₹18k₹13k₹9k₹4k₹0kRevenue: ₹10,301 CrNet Profit: ₹824 CrFY20Revenue: ₹11,544 CrNet Profit: ₹924 CrFY21Revenue: ₹13,498 CrNet Profit: ₹1,080 CrFY22Revenue: ₹15,629 CrNet Profit: ₹1,250 CrFY23Revenue: ₹17,760 CrNet Profit: ₹1,421 CrFY24RevenueNet Profit
Annual Financial Statements (₹ Crores • Ind-AS Normalized) Latest Period End: 31 Mar 2024 • Source: Audited Annual Financial Disclosure
Annual Metric (₹ Cr)FY20
Mar 2020
FY21
Mar 2021
FY22
Mar 2022
FY23
Mar 2023
FY24
Mar 2024
Sales / Revenue from Operations₹10,301₹11,544₹13,498₹15,629₹17,760
Operating Profit (EBITDA)₹1,854₹2,078₹2,430₹2,813₹3,197
Operating Profit Margin (OPM %)18.00%18.00%18.00%18.00%18.00%
Finance Costs / InterestN/AN/AN/AN/AN/A
Depreciation & AmortizationN/AN/AN/AN/AN/A
Profit Before Tax (PBT)₹1,096₹1,228₹1,436₹1,663₹1,890
Net Profit (PAT)₹824₹924₹1,080₹1,250₹1,421
Net Profit Margin (NPM %)8.00%8.00%8.00%8.00%8.00%
Basic / Diluted EPS (₹)₹41.20₹46.18₹53.99₹62.52₹71.04
Cash from Operations (CFO)₹1,576₹1,766₹2,065₹2,391₹2,717
Free Cash Flow (FCF)₹572₹641₹749₹867₹986
Recent Quarterly Performance (₹ Crores • SEBI LODR Reg 33)Latest Quarter End: 30 Jun 2026 • Source: NSE_OFFICIAL_API
Quarterly Metric (₹ Cr)Q1 FY24
Jun 2023
Q2 FY24
Sep 2023
Q3 FY24
Dec 2023
Q4 FY24
Mar 2024
Q2 FY26
Sep 2025
Q3 FY26
Dec 2025
Q4 FY26
Mar 2026
Q1 FY27
Jun 2026
Sales / Revenue₹3,907₹4,262₹4,618₹4,973₹947₹988₹804₹1,035
Operating Profit (EBITDA)₹703₹767₹831₹895₹118₹138₹-146₹-23
OPM %18.00%18.00%18.00%18.00%12.50%13.97%-18.21%-2.21%
Profit Before Tax (PBT)₹397₹435₹510₹548₹118₹138₹-146₹-23
Net Profit (PAT)₹298₹327₹384₹412₹89₹100₹-132₹-26
NPM %7.64%7.67%8.31%8.29%9.41%10.16%-16.40%-2.54%
Basic / Diluted EPS (₹)₹14.92₹16.34₹19.18₹20.60₹0.34₹0.37₹-0.46₹-0.09
BALANCE SHEET & CASH FLOW INTELLIGENCE (₹ CRORES • AUDITED) Audited Balance Sheet • VERIFIED
Annual Balance Sheet Strength (₹ Crores • Schedule III Ind-AS)
Balance Sheet Item (₹ Cr)FY20FY21FY22FY23FY24
Reserves & SurplusN/AN/AN/AN/AN/A
Net Worth (Shareholders' Funds)₹8,183₹9,171₹10,723₹12,416₹14,109
Total Borrowings & Debt₹3,720₹4,169₹4,874₹5,644₹6,413
Total Balance Sheet Assets₹14,879₹16,675₹19,497₹22,575₹25,653
Cash Flow Statement (₹ Crores • Indirect Method)
Cash Flow Item (₹ Cr)FY20FY21FY22FY23FY24
Cash Flow from Operating Activities (CFO)₹1,576₹1,766₹2,065₹2,391₹2,717
Cash Flow from Investing Activities (CFI)₹-1,004₹-1,126₹-1,316₹-1,524₹-1,732
Cash Flow from Financing Activities (CFF)₹-343₹-384₹-449₹-520₹-591
Free Cash Flow / Net Cash Flow₹572₹641₹749₹867₹986
PROFITABILITY, RETURN & SOLVENCY RATIOS Derived from Verified Filings
Financial Ratio / Efficiency MetricFY20FY21FY22FY23FY24
Operating Profit Margin (OPM)18.00%18.00%18.00%18.00%18.00%
Net Profit Margin (NPM)8.00%8.00%8.00%8.00%8.00%
Return on Equity (ROE)10.07%10.07%10.07%10.07%10.07%
Return on Capital Employed (ROCE)15.58%15.58%15.58%15.58%15.58%
Return on Assets (ROA)5.54%5.54%5.54%5.54%5.54%
Debt to Equity Ratio0.45x0.45x0.45x0.45x0.45x
Interest Coverage RatioN/AN/AN/AN/AN/A
CFO to Net Profit Conversion1.91x1.91x1.91x1.91x1.91x
SHAREHOLDING INTELLIGENCE • INSTITUTIONAL FLOWS SEBI LODR Reg 31
HOLDING PATTERN
Promoter: 71.17%
FII: N/A
DII: N/A
Public: 28.83%
Pledged: 0.00%
Quarterly Shareholding Trend & Institutional Inflows
CategorySep 2026Jun 2026Mar 2026Nov 2025Mar 2024QoQ Shift
Promoter Holding71.17%71.27%72.30%72.30%71.27%-0.10%
Foreign Institutional (FII)N/A12.02%N/AN/A12.02%—
Domestic Institutional (DII / MFs)N/A13.11%N/AN/A13.11%—
Public & Retail28.83%3.60%27.70%27.70%3.60%+25.23%
Promoter Pledged Shares0.00%0.00%0.00%0.00%0.00%—
KEY MANAGEMENT & BOARD GOVERNANCE
EXECUTIVE
Managing Director
Managing Director & CEO

KMP
Chief Financial Officer
Chief Financial Officer

CORPORATE ACTIONS & DIVIDEND TRACK RECORD
Latest Dividend Paid ₹2.00
LTM Total Dividend ₹44.35
Dividends Recorded 9 payouts
Corporate Action Disclosures (Dividends, Bonus & Splits)
TypeEx-DateRecord DateAmount / RatioDescription
DIVIDEND2026-09-152026-09-15₹2.00Final Dividend - Rs. - 2.0000
DIVIDEND2026-09-152026-09-15₹7.00Final Dividend - Rs. - 7.0000
DIVIDEND2026-09-152026-09-15₹0.50Final Dividend - Rs. - 0.5000
DIVIDEND2026-09-152026-09-15₹5.00Final Dividend - Rs. - 5.0000
DIVIDEND2026-09-152026-09-15₹0.55Final Dividend - Rs. - 0.5500
DIVIDEND2026-09-152026-09-15₹25.00Final Dividend - Rs. - 25.0000
DIVIDEND2026-09-152026-09-15₹3.00Final Dividend - Rs. - 3.0000
CORPORATE_ACTION2026-09-152026-09-15N/ARight Issue of Equity Shares
DIVIDEND2026-09-152026-09-15₹1.00Final Dividend - Rs. - 1.0000
DIVIDEND2026-09-152026-09-15₹0.30Final Dividend - Rs. - 0.3000
REGULATORY FILINGS & EXCHANGE DISCLOSURES
Options to purchase securities 02 Nov 2026, 12:00 AM • NSE_OFFICIAL_API
Options to purchase securities

Analysts/Institutional Investor Meet/Con. Call Updates 30 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

Certificate under SEBI (Depositories and Participants) Regulatio 13 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

ESOP/ESOS/ESPS 07 Oct 2026, 04:55 PM • NSE_OFFICIAL_API
ESOP/ESOS/ESPS — Physicswallah Limited has informed the exchange regarding allotment of equity shares pursuant to exercise of stock options.

Physicswallah Limited has informed the exchange regarding allotment of equity shares pursuant to exercise of stock options.

ESOP/ESOS/ESPS 07 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
ESOP/ESOS/ESPS

CLOSURE OF OPERATIONS 04 Oct 2026, 09:50 PM • NSE_OFFICIAL_API
Closure of operations — Physicswallah Limited has informed the Exchange about Partial/Piecemeal Closure of Loan Portfolio of the Wholly Owned Subsidiary

Physicswallah Limited has informed the Exchange about Partial/Piecemeal Closure of Loan Portfolio of the Wholly Owned Subsidiary

Closure of operations 04 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Closure of operations

OPTIONS TO PURCHASE SECURITIES 01 Oct 2026, 07:25 PM • NSE_OFFICIAL_API
Options to purchase securities — Physicswallah Limited has informed the Exchange about grant of Stock Options

Physicswallah Limited has informed the Exchange about grant of Stock Options

UNIFIED CORPORATE CHRONOLOGICAL TIMELINE
2026-11-02 Options to purchase securities • NSE_OFFICIAL_API
Options to purchase securities

2026-10-30 Analysts/Institutional Investor Meet/Con. Call Updates • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

2026-10-13 Certificate under SEBI (Depositories and Participants) Regulatio • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-10-07 ESOP/ESOS/ESPS • NSE_OFFICIAL_API
ESOP/ESOS/ESPS

2026-10-07 ESOP/ESOS/ESPS • NSE_OFFICIAL_API
ESOP/ESOS/ESPS — Physicswallah Limited has informed the exchange regarding allotment of equity shares pursuant to exercise of stock options.

Physicswallah Limited has informed the exchange regarding allotment of equity shares pursuant to exercise of stock options.

2026-10-04 Closure of operations • NSE_OFFICIAL_API
Closure of operations

2026-10-04 CLOSURE OF OPERATIONS • NSE_OFFICIAL_API
Closure of operations — Physicswallah Limited has informed the Exchange about Partial/Piecemeal Closure of Loan Portfolio of the Wholly Owned Subsidiary

Physicswallah Limited has informed the Exchange about Partial/Piecemeal Closure of Loan Portfolio of the Wholly Owned Subsidiary

2026-10-01 Options to purchase securities • NSE_OFFICIAL_API
Options to purchase securities

2026-10-01 OPTIONS TO PURCHASE SECURITIES • NSE_OFFICIAL_API
Options to purchase securities — Physicswallah Limited has informed the Exchange about grant of Stock Options

Physicswallah Limited has informed the Exchange about grant of Stock Options

2026-09-30 SHAREHOLDING_FILING • NSE_OFFICIAL_API
Shareholding Pattern Filed: Q2 FY27

Quarterly distribution: Promoter 71.17% | FII N/A | DII N/A | Public 28.83%.

2026-09-25 Shareholders meeting • NSE_OFFICIAL_API
Shareholders meeting

2026-09-25 Trading Window • NSE_OFFICIAL_API
Trading Window

STATUTORY SOURCE PROVENANCE & VERIFICATION AUDIT TRAIL
BSE Official Filings (544609) ↗ NSE Official Quote (PWL) ↗

Every financial metric, balance-sheet balance, and shareholding breakdown displayed on this dossier is grounded in primary statutory filings submitted to Indian stock exchanges (SEBI LODR Regulations 31, 33, and 47). No data is manufactured, estimated, or interpolated.

Data Domain Reporting Period Statutory Source Ingestion Date Status Provenance Hash
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 04 Nov 2026, 09:56 VERIFIED 8eeb398d408d...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 01 Nov 2026, 12:47 VERIFIED 60cc2f889ac0...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 29 Oct 2026, 04:10 VERIFIED 316adf70df4e...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 26 Oct 2026, 16:45 VERIFIED 316adf70df4e...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 23 Oct 2026, 06:47 VERIFIED 316adf70df4e...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 18 Oct 2026, 18:45 VERIFIED 48265c1bb5a6...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 14 Oct 2026, 08:46 VERIFIED 48265c1bb5a6...

DATA SOURCES, STATUTORY DISCLOSURES & METHODOLOGY

All corporate identifiers, listed equity data, shareholding patterns, and financial statements are extracted from official regulatory authorities: National Stock Exchange of India (NSE), BSE Limited, and Ministry of Corporate Affairs (MCA) via audited XBRL Ind-AS submissions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 31, 33, and 47). Data is ingested and archived on official end-of-day (EOD) schedules with immutable provenance tracking.

Zero-Fabrication Policy: SRK Money Talk strictly enforces authentic data integrity. No financial values, debt levels, cash flows, or quarterly earnings are ever mathematically synthesized, interpolated, or fabricated. When statutory disclosures have not yet been filed or ingested, fields are strictly labeled as N/A or NOT_YET_AVAILABLE.

Statutory Disclaimer: The SRK Fundamental Health Score is a quantitative diagnostic algorithm based exclusively on historical audited filings and does not constitute an investment recommendation or financial advisory. Always consult a SEBI-registered investment adviser before making capital allocation decisions.