SWIGGY

Swiggy Limited

On-demand convenience — food delivery, Instamart quick commerce and Dineout

Consumer Discretionary›Consumer Services›Retailing›E-Retail/ E-Commerce

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Key metrics

Price as of 2026-10-16

Stock price
₹234.30
Market cap
64,674 Cr
Stock P/E
Loss (TTM EPS ₹-14.68)
P/B
3.34
ROE (FY26)
-22.7%
ROCE (FY26)
-21.5%
Operating margin (FY26)
-19.3%
Debt / equity (FY26)
0.0055

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Swiggy operates an on-demand convenience platform in India that delivers restaurant food and everyday goods to consumers through its food delivery and Instamart quick-commerce businesses, and also runs an out-of-home consumption business.

Company snapshot

4thBy market cap

Ranked among 12 companies in E-Retail/ E-Commerce.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 43.8% of revenue

SegmentRevenue shareRevenuePBTAssets
Food Delivery
43.8%
4,732 Cr382 Cr—
Out of home consumption
1.6%
171 Cr-31 Cr—
Platform Innovations
0.6%
67 Cr-37 Cr—
Quick-commerce
13.3%
1,441 Cr-1,125 Cr—
Supply chain and distribution
40.8%
4,413 Cr-167 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.01x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales3,601 Cr3,993 Cr4,410 Cr4,961 Cr5,561 Cr6,148 Cr6,383 Cr6,812 Cr
Operating expenses (approx.)4,156 Cr4,719 Cr5,372 Cr5,915 Cr6,359 Cr6,930 Cr7,080 Cr7,462 Cr
EBITDA-554 Cr-726 Cr-962 Cr-954 Cr-798 Cr-782 Cr-697 Cr-650 Cr
OPM %-15.4%-18.2%-21.8%-19.2%-14.3%-12.7%-10.9%-9.5%
Other income85 Cr103 Cr121 Cr87 Cr59 Cr96 Cr266 Cr211 Cr
Interest23 Cr26 Cr32 Cr41 Cr48 Cr55 Cr56 Cr53 Cr
Depreciation131 Cr154 Cr206 Cr288 Cr304 Cr313 Cr312 Cr298 Cr
Profit before tax-626 Cr-799 Cr-1,081 Cr-1,197 Cr-1,092 Cr-1,065 Cr-800 Cr-791 Cr
Tax %0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net profit-626 Cr-799 Cr-1,081 Cr-1,197 Cr-1,092 Cr-1,065 Cr-800 Cr-791 Cr
EPS (₹)₹-2.80₹-3.48₹-4.60₹-5.04₹-4.59₹-4.36₹-3.34₹-2.96

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5,705 Cr8,265 Cr11,247 Cr15,227 Cr23,053 CrSign in free for the trailing twelve months
Operating expenses (approx.)9,356 Cr12,540 Cr13,455 Cr18,013 Cr26,284 CrSign in free for the trailing twelve months
EBITDA-3,651 Cr-4,276 Cr-2,208 Cr-2,786 Cr-3,231 CrSign in free for the trailing twelve months
OPM %-64.0%-51.7%-19.6%-18.3%-14.0%Sign in free for the trailing twelve months
Other income415 Cr450 Cr387 Cr396 Cr508 CrSign in free for the trailing twelve months
Interest48 Cr58 Cr71 Cr101 Cr200 CrSign in free for the trailing twelve months
Depreciation170 Cr286 Cr421 Cr612 Cr1,217 CrSign in free for the trailing twelve months
Profit before tax-3,629 Cr-4,179 Cr-2,350 Cr-3,117 Cr-4,154 CrSign in free for the trailing twelve months
Tax %———0.0%0.0%Sign in free for the trailing twelve months
Net profit-3,629 Cr-4,179 Cr-2,350 Cr-3,117 Cr-4,154 CrSign in free for the trailing twelve months
EPS (₹)₹-18.62₹-19.33₹-10.70₹-13.72₹-16.87Sign in free for the trailing twelve months
Dividend payout %—————Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital0.86 Cr3 Cr3 Cr229 Cr261 Cr
Reserves12,266 Cr9,054 Cr7,788 Cr9,991 Cr18,053 Cr
Borrowings——211 Cr28 Cr100 Cr
Other liabilities2,139 Cr2,224 Cr2,527 Cr4,958 Cr6,823 Cr
Total liabilities14,406 Cr11,281 Cr10,529 Cr15,205 Cr25,237 Cr
Fixed assets (net)312 Cr314 Cr453 Cr1,059 Cr1,304 Cr
CWIP———0 Cr0 Cr
Investments10,348 Cr6,541 Cr5,171 Cr2,677 Cr6,034 Cr
Inventories18 Cr11 Cr49 Cr55 Cr76 Cr
Trade receivables1,112 Cr1,062 Cr964 Cr2,463 Cr4,048 Cr
Cash & bank1,096 Cr833 Cr887 Cr1,231 Cr2,747 Cr
Other assets1,520 Cr2,521 Cr3,006 Cr7,720 Cr11,028 Cr
Total assets14,406 Cr11,281 Cr10,529 Cr15,205 Cr25,237 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-3,900 Cr-4,060 Cr-1,313 Cr-2,169 Cr-2,898 Cr
Cash from investing-9,160 Cr3,968 Cr1,458 Cr-1,372 Cr-4,983 Cr
Cash from financing13,634 Cr-172 Cr-123 Cr3,903 Cr9,397 Cr
Net cash flow574 Cr-264 Cr23 Cr361 Cr1,516 Cr
Free cash flow (OCF − Capex)-4,128 Cr-4,217 Cr-1,657 Cr-2,920 Cr-3,817 Cr

Ratios

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-29.2%-45.5%-28.5%-29.4%-21.5%
ROE %-29.6%-46.1%-30.2%-30.5%-22.7%
Debtor days7147315964
Inventory days12654291712615
Days payable6817441452642333518426
Cash conversion cycle-6620-4314-4942-22563-17748
Debt / equity——0.030.00280.0055
Current ratio7.214.593.202.543.35
Net debt / EBITDA—————