Billionbrains Garage Ventures Ltd logo

Billionbrains Garage Ventures Ltd

GROWW NSE

Key Fundamentals

LargecapStock BrokingCapital Markets
Market Cap
1.2L Cr
Volatility
Moderate
P/E Ratio
49.87
EBITDA
₹2,918 Cr
Return on Equity
21.58%
Debt to Equity
0.03
Book Value
₹15.4
52W High
₹227.2
52W Low
₹112

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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29 extracted metrics + investor summaries across FY22–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33.9%

Weaknesses

2
  • Stock is trading at 12.8 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

Growth Rate

Revenue Growth
18.57%
Net Income Growth
14.17%
Cash Flow Change
97.86%
ROE
-42.56%
ROCE
-40.48%
EBITDA Margin (Avg.)
-2.84%

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 6d ago
AI opinion · based on fundamentals
Risk high

Billionbrains Garage Ventures (Groww) is India's largest retail brokerage by active clients with 13.12 million users and a 28.9% NSE market share as of July 2026. The company reported FY26 revenue of Rs 4,644 crore (up 19% YoY) and annual profit exceeding Rs 2,000 crore, trading at a market cap of Rs 1,21,175 crore with a PE of 51.1x and a price-to-book of 12.9x on a near debt-free balance sheet.

Bull Case 8
  • Market leader with 28.9% share of active NSE clients (13.12 million users) as of July 2026, ahead of Zerodha and Angel One
  • FY26 full-year revenue of Rs 4,644 crore with 3-year compounded sales CAGR of 60%, demonstrating sustained hypergrowth
  • Q1 FY27 net profit surged 94% YoY to Rs 735 crore, showing continued earnings acceleration
  • Company is virtually debt-free, providing financial flexibility and lower risk during regulatory disruptions
  • Strong 3-year ROE track record of 33.9%, indicating efficient capital deployment relative to peers
  • 3-year compounded profit CAGR of 66% and TTM profit growth of 31% reflect durable earnings momentum
  • Diversification into margin trading, commodity derivatives, and wealth management reduces F&O revenue concentration over time
  • Consistently adding active clients (70,000+ net additions in July 2026) even as overall industry active client count dipped 1.8% MoM
Bear Case 8
  • PE ratio of 51.1x is elevated for a capital markets business, pricing in significant future growth with limited margin of safety
  • Stock trades at 12.9x book value, well above traditional financial sector averages, making valuation vulnerable to sentiment shifts
  • Approximately 62% of broking revenue in FY25 came from the F&O segment, which faces ongoing SEBI restrictions that cut options volumes by over 50% in FY26
  • Zero dividend yield despite crossing Rs 2,000 crore annual profit, offering no income return to shareholders
  • Q3 FY26 net profit fell 28% YoY to Rs 547 crore due to one-off items, highlighting earnings volatility in any single quarter
  • RBI tightening of capital market exposure norms could raise borrowing costs for brokers and reduce F&O volumes by an estimated 15-20% industry-wide
  • Revenue growth decelerated from 60% 3-year CAGR to 19% in FY26 full year, indicating a normalizing growth trajectory
  • Block deals of Rs 1,500 crore in August 2026 suggest early investor selling, which can create near-term supply pressure on the stock

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 8h ago
Positives 1
  • SSGA completes Groww AMC investment Aug 4

    State Street Global Advisors completed its investment in Groww AMC, holding 4.85% voting rights and 22.94% economic interest, signaling global institutional confidence in the platform.

Neutral 1
  • 8th AGM scheduled Aug 24 Jul 30

    Billionbrains Garage Ventures announced its 8th AGM for August 24, 2026, to be held via VC/OAVM with remote e-voting facilities for shareholders.

TL;DR: Groww is attracting meaningful global institutional capital with SSGA taking a significant economic stake in its AMC business. No visible headwinds in recent news flow. The strategic partnership with a major global asset manager validates Groww's AMC ambitions and could accelerate AUM growth going forward.

Quarterly Results

  Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,125
975
801
904
1,019
1,216
1,505
1,501
Expenses
575
-40
413
422
415
496
567
531
Operating Profit
550
1,014
388
483
603
720
938
970
OPM %
49%
104%
48%
53%
59%
59%
62%
65%
Other Income
35
30
49
44
52
45
30
47
Interest
9
16
16
16
11
10
8
7
Depreciation
6
7
7
7
7
9
24
18
PBT
570
1,022
414
503
638
745
936
992
Tax %
26%
26%
25%
25%
26%
27%
27%
26%
Net Profit
420
757
309
378
471
547
686
735
EPS in Rs
13.51
20.71
1.69
1.81
0.79
0.89
1.09
1.17
Figures in ₹ Crores

Profit & Loss

  Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
427
1,142
2,794
4,061
4,645
5,242
Expenses
661
743
2,050
1,531
1,901
2,010
Operating Profit
-233
399
743
2,530
2,744
3,231
OPM %
-55%
35%
27%
62%
59%
62%
Other Income
0
119
-1,337
0
171
174
Interest
0
2
4
43
46
37
Depreciation
3
12
20
25
48
58
PBT
-236
504
-618
2,464
2,821
3,310
Tax %
1%
9%
30%
26%
26%
Net Profit
-239
458
-805
1,824
2,083
2,440
EPS in Rs
-2,145
67.2
-118
9.98
3.32
3.94
Div. Payout %
0%
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

  Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.11
21
21
366
1,248
Reserves
2,706
3,252
2,478
4,446
8,404
Borrowings
0
75
91
610
292
Other Liabilities
1,291
1,460
5,428
4,654
8,567
Total Liabilities
3,997
4,808
8,018
10,076
18,511
Fixed Assets
286
321
396
402
1,492
CWIP
0
0
0
0
0
Investments
280
1,252
1,448
1,907
2,638
Other Assets
3,431
3,235
6,174
7,768
14,381
Total Assets
3,997
4,808
8,018
10,076
18,511
Figures in ₹ Crores

Cash Flow

  Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-349
548
885
-962
-21
Investing
-1,512
-363
-910
140
-1,351
Financing
1,874
-5
4
876
2,175
Net Cash Flow
14
179
-21
53
804
Free Cash Flow
-357
537
878
-979
-33
CFO/OP
144
150
157
37
26
Figures in ₹ Crores

Ratios

  Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
12
12
9
9
22
Cash Conversion Cycle
12
12
9
9
22
Working Capital Days
-961
-2
-434
-162
-257
ROCE %
16%
24%
63%
37%

Shareholding Pattern

As of Jun 2026
Others 50.95%
Promoters 27.14%
DIIs 10.08%
FIIs 6.89%
Public 4.94%
Total 100.00%
  Sep 2025Oct 2025Nov 2025Dec 2025Mar 2026Jun 2026
Promoters
81.72%
28.29%
28.29%
27.81%
27.38%
27.14%
FIIs
0.00%
0.00%
0.00%
3.14%
2.51%
6.89%
DIIs
0.00%
0.00%
0.00%
4.92%
5.92%
10.08%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
0.00%
0.00%
0.00%
4.65%
4.32%
4.94%
Others
18.28%
71.71%
71.71%
59.48%
59.87%
50.95%
No. of Shareholders
53
10,622
10,751
7,71,434
7,06,903
7,67,929

Documents

Frequently Asked Questions about Billionbrains Garage Ventures Ltd

What does Billionbrains Garage Ventures Ltd do?
Incorporated in 2017, Groww is a Bengaluru-based fintech company that provides retail investors direct-to-customer digital investment platform, providing multiple financial products and services.[1]
Where is Billionbrains Garage Ventures Ltd (GROWW) listed?
Billionbrains Garage Ventures Ltd is listed on the Indian stock exchanges. It is listed on NSE: GROWW and BSE: 544603. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Billionbrains Garage Ventures Ltd belong to?
Billionbrains Garage Ventures Ltd operates in the Capital Markets sector within the Stock Broking industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Billionbrains Garage Ventures Ltd?
Billionbrains Garage Ventures Ltd has a market capitalisation of approximately ₹124913.58 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Billionbrains Garage Ventures Ltd?
The Price-to-Earnings (PE) ratio of Billionbrains Garage Ventures Ltd is 49.87. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Billionbrains Garage Ventures Ltd?
Over the past 52 weeks, Billionbrains Garage Ventures Ltd has traded between a low of ₹112 and a high of ₹227.2. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Billionbrains Garage Ventures Ltd?
Billionbrains Garage Ventures Ltd has a Return on Equity (ROE) of 21.58%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Billionbrains Garage Ventures Ltd on Tapetide?
On Tapetide, you can view Billionbrains Garage Ventures Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 2017, Groww is a Bengaluru-based fintech company that provides retail investors direct-to-customer digital investment platform, providing multiple financial products and services.[1]

Website groww.in
CEO Mr. Lalit Keshre
Listed 2025-11-12
Face Value ₹ 2
Issued Size 6,17,35,96,631

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