Swiggy (SWIGGY) is loss-making over the last 12 months, losing ₹3,578 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹191.17, 55% below its 52-week high. Sales grew 41% a year over 3 years. Debt is 0.15× equity. It is a mid-cap company with a market cap of ₹50,141 Cr, ranked 4th of 13 Internet Retail companies by market cap; the shares fell 54% over the past year.
- ₹188.85
- ₹192.12
- ₹184.11
- ₹189.51
- 1.6 Cr
Health check
- ReturnsBehind
−54.2% over a year, better than 0 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales +41.0% a year over 3 years, but loss-making now.
- ProfitabilityNegative
ROCE -19.4% vs peer median -0.2%.
- Balance sheetStretched
Debt 0.15× equity, operating profit doesn’t cover interest, Piotroski 4 of 9.
- Red flags4 to check
Loss-making over the last twelve months.
Mid cap
Market sensitivity
Key metrics
- Market cap
- ₹50,141 Cr
- Mid cap
- P/E
- n/a
- Industry 16.3
- Price to book
- 3.01
- Peers 4.46
- Dividend yield
- 0.00%
- ROE
- −26.7%
- Peers −2.9%
- ROCE
- −19.4%
- Peers −0.2%
- Debt to equity
- 0.15
- Debt ₹2,514 Cr
- EPS (TTM)
- −₹14.11
- Face value ₹1
- OPM (TTM)
- −10.8%
- Net margin −13.3%
- Sales growth
- +36.1%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 1.86
- EV/EBITDA −13.7
Strengths and risks
Strengths
- Quarterly sales up 36.1% on a year ago.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −26.7%.
- 55% below its 52-week high.
- Interest coverage of only −16.0×.
About Swiggy
Swiggy Limited, together with its subsidiary, operates a convenience platform for accessing food and everyday essentials in India. It operates through Food Delivery, Out of Home Consumption, Quick-Commerce, Supply Chain and Distribution, and Platform Innovations segments. The company operates Swiggy, a platform that enables customers to browse, select, order, and pay for food, groceries, and household essentials, with deliveries made directly to their…
- Headquarters
- Bengaluru
- Employees
- 5,321
- Sector
- Consumer Cyclical
- ISIN
- INE00H001014
- Website
- swiggy.com
Price range
- Avg volume (3M)
- 2 Cr
- 1-year return
- minus 54.2%
- From 52-week high
- minus 54.7%
Analyst consensus
Peers · Internet Retail
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ETERNALEternal | 363.15 | plus 1.35% | 3,34,562 | 685.2 | 10.37 | 2.9% | 1.6% | 2.8% | 97.7% | – | 0.00% | plus 14.3% |
| MEESHOMeesho | 233.48 | minus 0.02% | 1,08,125 | – | 26.26 | −27.0% | −36.5% | −8.4% | 30.1% | – | 0.00% | plus 37.3% |
| NYKAAFSN E-Commerce Ventures | 353.00 | plus 0.77% | 1,01,158 | 315.2 | 61.43 | 24.0% | 20.8% | 8.4% | 24.7% | 117.9% | 0.00% | plus 39.7% |
| SWIGGYSwiggy | 191.17 | plus 0.88% | 50,141 | – | 3.01 | −19.4% | −26.7% | −10.8% | 41.0% | – | 0.00% | minus 54.2% |
| INDIAMARTIndiamart Intermesh | 1,547.10 | minus 1.85% | 9,304 | 18.6 | 4.02 | 20.0% | 22.5% | 32.0% | 16.8% | 18.7% | 1.94% | minus 36.1% |
| FIRSTCRYBrainbees Solutions | 159.61 | minus 2.40% | 7,754 | – | 1.59 | −0.2% | −2.9% | 3.3% | 16.4% | – | 0.00% | minus 53.1% |
| RTNINDIARattanIndia Enterprises | 25.12 | minus 1.87% | 3,469 | – | 4.46 | −11.6% | −31.3% | −0.5% | 22.1% | – | 0.00% | minus 50.5% |
| ACEVECTORAceVector | 18.81 | minus 5.10% | 1,024 | – | 2.74 | −12.0% | −17.1% | −9.9% | −23.7% | – | 0.00% | minus 27.9% |
| Median of 7 peers | – | −1.85% | 9,304 | 315.2 | 4.46 | −0.2% | −2.9% | 2.8% | 22.1% | 68.3% | 0.00% | −27.9% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 4,961 | 6,148 | 6,383 | 6,812 | 7,571 | |
| 5,915 | 6,930 | 7,080 | 7,462 | 8,341 | |
| −954 | −782 | −697 | −650 | −770 | |
| −19.2% | −12.7% | −10.9% | −9.5% | −10.2% | |
| 86 | 95 | 265 | 210 | 210 | |
| 41 | 55 | 56 | 53 | 54 | |
| 288 | 313 | 312 | 298 | 308 | |
| – | −10 | – | – | – | |
| −1,197 | −1,065 | −800 | −791 | −922 | |
| −1,197 | −1,065 | −800 | −791 | −922 | |
| -5.04 | -4.36 | -3.34 | -2.96 | -3.45 |
Profit & loss
- Sales CAGR 3Y
- +41.0%
- ROE
- −26.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8,138 | 11,073 | 15,046 | 22,828 | |
| – | +36.1% | +35.9% | +51.7% | |
| 12,380 | 13,254 | 17,826 | 26,025 | |
| −4,241 | −2,181 | −2,780 | −3,197 | |
| −52.1% | −19.7% | −18.5% | −14.0% | |
| 348 | 343 | 366 | 423 | |
| 58 | 71.4 | 101 | 200 | |
| 286 | 421 | 612 | 1,217 | |
| 57.3 | −20.7 | 10 | 37 | |
| −4,179 | −2,350 | −3,117 | −4,154 | |
| −4,179 | −2,350 | −3,117 | −4,154 | |
| -18.67 | -10.50 | -13.72 | -16.87 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 15,565 | 15,576 | 229 | 261 | |
| −22,071 | −23,358 | 9,991 | 18,053 | |
| 600 | 864 | 1,702 | 2,551 | |
| 17,187 | 17,447 | 3,283 | 4,372 | |
| 11,281 | 10,529 | 15,205 | 25,237 | |
| 868 | 1,048 | 2,708 | 3,683 | |
| 8 | 7.9 | 24 | 35 | |
| 1,616 | 1,382 | 1,988 | 3,731 | |
| 6,043 | 4,919 | 5,519 | 11,228 | |
| 2,746 | 3,172 | 4,966 | 6,560 | |
| 11,281 | 10,529 | 15,205 | 25,237 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −4,060 | −1,313 | −2,169 | −2,898 | |
| 3,968 | 1,458 | −1,372 | −4,983 | |
| −172 | −123 | 3,903 | 9,397 | |
| −264 | 22.9 | 362 | 1,516 | |
| −168 | −352 | −750 | −919 | |
| −4,228 | −1,664 | −2,919 | −3,817 |
Shareholding pattern
- Public95.02%
- Employee trusts4.98%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 0.00% | 95.02% | 0.00 | |
| 30 Jun 2026 | 0.00% | 94.92% | 0.00 | |
| 31 Mar 2026 | 0.00% | 94.41% | 0.00 | |
| 31 Dec 2025 | 0.00% | 94.06% | 0.00 | |
| 13 Dec 2025 | 0.00% | 93.97% | – |
Major shareholders
Filings & events
News
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