Billionbrains Garage Ventures Ltd
GROWW NSE
Billionbrains Garage Ventures Ltd
Capital MarketsNSE: GROWW BSE: 544603 Stock Broking
Key Fundamentals
LargecapStock BrokingCapital MarketsMarket 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Billionbrains Garage Ventures Ltd insights
29 extracted metrics + investor summaries across FY22–FY26.
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 claude-opus-4.6 6d agoAI 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 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 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 |
Profit & Loss
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| 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% | — |
Balance Sheet
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Cash Flow
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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% |
Documents
1
Compliances-Reg.24(A)-Annual Secretarial Compliance
28 Apr - Filed Annual Secretarial Compliance Report for FY ended March 31, 2026. 28 Apr - Filed Annual Secretarial Compliance Report for FY ended March 31, 2026.
3
Grant Of Stock Options Under Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024
21 Apr - Groww granted 3,71,220 stock options to eligible employees on April 21, 2026. 21 Apr - Groww granted 3,71,220 stock options to eligible employees on April 21, 2026.
4
Compliances-Reg.24(A)-Annual Secretarial Compliance
28 Apr - Filed Annual Secretarial Compliance Report for FY ended March 31, 2026. 28 Apr - Filed Annual Secretarial Compliance Report for FY ended March 31, 2026.
5
Grant Of Stock Options Under Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024
20 Apr - Groww granted 24,32,697 stock options to eligible employees under ESOP Scheme 2024 on April 20, 2026. 20 Apr - Groww granted 24,32,697 stock options to eligible employees under ESOP Scheme 2024 on April 20, 2026.
1
Grant Of ESOP Options Under Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024. 13 Aug 2026
General_Announcements
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]