Meesho vs Swiggy: share price, P/E, ROE and financials compared
Meesho and Swiggy at a glance
Meesho and Swiggy are both listed in Consumer Services. Meesho is the larger by market cap, at ₹1.1L Cr against ₹50,141 Cr for Swiggy (2.2 times as large). On valuation, Swiggy has the lower price-to-book (3.01× against 26.26×). On returns and margins, Meesho has the higher operating margin (−8.4% against −10.8%). Over three years, Swiggy has faster 3-year sales growth (+41.0% against +30.1% a year). Meesho carries less debt for its equity, with a debt-to-equity of 0.01× against 0.15×.
Key metrics, side by side
| Metric | MeeshoMEESHO | SwiggySWIGGY |
|---|---|---|
| Price (₹) | 233.48 | 191.17 |
| Market cap (₹ Cr) | 1,08,125 | 50,141 |
| P/E | – | – |
| P/B | 26.26× | 3.01× (the lower figure, shaded) |
| Dividend yield, trailing | 0.00% | 0.00% |
| ROE | −36.5% | −26.7% |
| ROCE | −27.0% | −19.4% |
| Operating margin (OPM) | −8.4% (the higher figure, shaded) | −10.8% |
| Net margin (NPM) | −6.2% | −13.3% |
| Sales CAGR 3Y | +30.1% | +41.0% (the higher figure, shaded) |
| Profit CAGR 3Y | – | – |
| Debt to equity | 0.01× (the lower figure, shaded) | 0.15× |
| Interest cover | −133.9× | −19.8× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | −922 | −3,578 |
| 1Y return | +37.3% (the higher figure, shaded) | −54.2% |
| Promoter holding | 16.34% | 0.00% |
Meesho vs Swiggy: common questions
Which is bigger, Meesho or Swiggy?
By market cap, Meesho is bigger at ₹1.1L Cr, against ₹50,141 Cr for Swiggy (prices as of 6 Nov 2026). Net profit over the last twelve months was −₹922 Cr for Meesho and −₹3,578 Cr for Swiggy.
Which has a higher ROE, Meesho or Swiggy?
Meesho reports a return on equity of −36.5% and Swiggy −26.7%. Meesho’s ROE isn’t ranked because it is loss-making. Swiggy’s ROE isn’t ranked because it is loss-making. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Meesho or Swiggy?
Over the last three years: Sales grew +30.1% a year at Meesho and +41.0% at Swiggy, so Swiggy grew sales faster. Past growth doesn’t predict future growth.