BSE: 544285 | NSE: SWIGGY | e-Commerce |
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Swiggy Ltd is a below average quality company.
The key valuation ratios of Swiggy Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Swiggy Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -68.4% | -103.6% | -66.9% | -70.1% | -82.2% | -45% | -50% | -33.3% | -19.8% | - |
| Value Creation Index ⓘ | -7.1 | -10.2 | -6.9 | -7.2 | -8.3 | -5.0 | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||||||
| Sales ⓘ | 20.1 | 133 | 417 | 1,122 | 3,288 | 2,008 | 3,557 | 4,653 | 6,372 | 6,372 |
| Sales YoY Gr. | - | 560.7% | 213.4% | 169% | 193.1% | -38.9% | 77.2% | 30.8% | 36.9% | - |
| Adj EPS ⓘ | -13,624.7 | -20,906.5 | -37,682 | -2,29,661.2 | -3,61,965.1 | -1,14,567.5 | -3,730.4 | -1,367.4 | -603.9 | -8.4 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 19,433.3 | 13,442.6 | 91,271 | 5,65,271 | 2,70,511 | 17,368 | -4,157.2 | -2,516.2 | -2,678.9 | 15.5 |
| Adj Net Profit ⓘ | -139 | -213 | -385 | -2,346 | -3,697 | -1,201 | -3,194 | -3,634 | -1,816 | -1,887 |
| Cash Flow from Ops. ⓘ | -126 | -188 | -357 | -2,328 | -3,723 | -656 | -2,473 | -3,863 | -1,409 | - |
| Debt/CF from Ops. ⓘ | 0 | -0.3 | -0 | 0 | -0 | -0.1 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 41.5% | 47% | 36.9% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | -134.3% | -153.6% | NA | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -69.3 | -124.8 | -72.3 | -70.4 | -83.3 | -44.9 | -43.1 | -32.4 | -19.3 | 0.6 |
| Op. Profit Mgn % ⓘ | -674.6 | -158.6 | -98.2 | -222.2 | -111 | -50.4 | -84.8 | -87.6 | -35.9 | NAN |
| Net Profit Mgn % ⓘ | -690.3 | -160.3 | -92.2 | -209.1 | -112.5 | -59.8 | -89.8 | -78.1 | -28.5 | -29.6 |
| Debt to Equity ⓘ | 0 | 0.4 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 44 | 34 | 95 | 61 | 112 | 160 | 256 | 222 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -6 | -60 | -7 | -5 | -12 | -10 | -20 | -32 | 0 |
Return on Equity has increased versus last 3 years average to 0.60%
Sales growth is growing at healthy rate in last 3 years 46.95%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -8.4 | -10.5 |
| TTM Sales (₹ Cr.) | 6,372 | 11,247 |
| BVPS (₹.) ⓘ | 15.5 | 10.1 |
| Reserves (₹ Cr.) ⓘ | 3,243 | 2,029 |
| P/BV ⓘ | 26.67 | 41.05 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 390.70 / 489.25 |
| All Time Low / High (₹) | 390.70 / 489.25 |
| Market Cap (₹ Cr.) | 92,470 |
| Equity (₹ Cr.) | 223.8 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 132.8 |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 20 | 133 | 417 | 1,122 | 3,288 | 2,008 | 3,557 | 4,653 | 6,372 |
| Operating Expenses ⓘ | 157 | 344 | 827 | 3,614 | 6,937 | 3,034 | 6,576 | 8,730 | 8,662 |
| Manufacturing Costs | 48 | 149 | 3 | 12 | 254 | 1,073 | 2,460 | 721 | 754 |
| Material Costs | 0 | 0 | 6 | 37 | 159 | 58 | 53 | 72 | 61 |
| Employee Cost | 54 | 90 | 186 | 537 | 1,157 | 935 | 1,471 | 2,002 | 1,868 |
| Other Costs ⓘ | 55 | 105 | 631 | 3,028 | 5,368 | 968 | 2,593 | 5,935 | 5,980 |
| Operating Profit ⓘ | -136 | -211 | -410 | -2,493 | -3,650 | -1,026 | -3,019 | -4,077 | -2,290 |
| Operating Profit Margin (%) | -677.0% | -158.0% | -98.2% | -222.0% | -111.0% | -51.1% | -84.9% | -87.6% | -35.9% |
| Other Income ⓘ | 3 | 13 | 40 | 170 | 261 | 137 | 489 | 708 | 644 |
| Interest ⓘ | 0 | 2 | 8 | 5 | 82 | 74 | 43 | 28 | 22 |
| Depreciation ⓘ | 4 | 4 | 7 | 18 | 195 | 203 | 121 | 128 | 117 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | -102 | -148 | -1,073 | -233 | -103 |
| Profit Before Tax ⓘ | -137 | -205 | -385 | -2,346 | -3,769 | -1,314 | -3,768 | -3,758 | -1,888 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -137 | -205 | -385 | -2,346 | -3,769 | -1,314 | -3,768 | -3,758 | -1,888 |
| PAT Margin (%) | -681.0% | -154.0% | -92.3% | -209.0% | -114.0% | -65.4% | -105.0% | -80.8% | -29.6% |
| Adjusted EPS (₹) | -13,443.8 | -20,104.5 | -38,490.0 | -2,34,560.0 | -3,76,850.0 | -13,136.0 | -4,402.0 | -1,414.2 | -628.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 199 | 137 | 913 | 5,654 | 2,706 | 1,738 | 12,004 | 8,877 | 7,520 | |
| Share Capital ⓘ | 0 | 0 | 0 | 1 | 1 | 1 | 15,563 | 15,565 | 15,576 | |
| Reserves ⓘ | 198 | 137 | 913 | 5,653 | 2,705 | 1,737 | -3,559 | -6,688 | -8,056 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Debt | 0 | 36 | 14 | 0 | 79 | 78 | 0 | 0 | 0 | |
| Long Term Debt | 0 | 36 | 0 | 0 | 79 | 67 | 0 | 0 | 0 | |
| Short Term Debt | 0 | 0 | 14 | 0 | 0 | 12 | 0 | 0 | 0 | |
| Trade Payables | 8 | 24 | 109 | 454 | 263 | 314 | 739 | 704 | 652 | |
| Others Liabilities ⓘ | 15 | 43 | 45 | 286 | 1,441 | 1,151 | 1,463 | 1,896 | 2,632 | |
| Total Liabilities ⓘ | 221 | 240 | 1,081 | 6,394 | 4,489 | 3,281 | 14,206 | 11,478 | 10,805 | |
Fixed Assets | ||||||||||
| Gross Block | 11 | 17 | 36 | 116 | 1,344 | 1,031 | 885 | 1,424 | 1,192 | |
| Accumulated Depreciation | 3 | 5 | 7 | 25 | 220 | 333 | 475 | 530 | 438 | |
| Net Fixed Assetsⓘ | 7 | 12 | 29 | 91 | 1,124 | 698 | 409 | 894 | 754 | |
| CWIP ⓘ | 0 | 0 | 1 | 18 | 9 | 0 | 0 | 0 | 0 | |
| Investmentsⓘ | 197 | 182 | 873 | 5,479 | 2,226 | 1,387 | 10,348 | 6,131 | 5,568 | |
| Inventories | 0 | 0 | 1 | 4 | 25 | 6 | 5 | 5 | 6 | |
| Trade Receivables | 4 | 6 | 22 | 138 | 122 | 139 | 272 | 401 | 235 | |
| Cash Equivalents | 4 | 26 | 120 | 281 | 559 | 684 | 982 | 391 | 787 | |
| Others Assetsⓘ | 8 | 14 | 36 | 383 | 425 | 367 | 2,189 | 3,655 | 3,455 | |
| Total Assets ⓘ | 221 | 240 | 1,081 | 6,394 | 4,489 | 3,281 | 14,206 | 11,478 | 10,805 | |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -126 | -188 | -357 | -2,328 | -3,723 | -656 | -2,473 | -3,863 | -1,409 |
| PBT ⓘ | -137 | -205 | -385 | -2,346 | -3,769 | -1,314 | -3,768 | -3,758 | -1,888 |
| Adjustment ⓘ | 4 | -3 | -18 | -7 | 287 | 492 | 1,229 | 76 | 219 |
| Changes in Working Capital ⓘ | 8 | 21 | 50 | 34 | -204 | 160 | 120 | -157 | 256 |
| Tax Paid ⓘ | 0 | -1 | -4 | -9 | -38 | 5 | -52 | -25 | 4 |
| Cash Flow From Investing Activity ⓘ | -206 | 17 | -670 | -4,658 | 2,984 | 772 | -10,728 | 3,340 | 1,852 |
| Capex | -12 | -416 | -24 | 8,236 | -330 | -36 | -56 | -16 | -1 |
| Net Investments | -194 | 0 | -648 | -12,768 | 3,584 | 0 | -9,014 | 3,116 | 1,865 |
| Others ⓘ | 0 | 433 | 2 | -126 | -270 | 808 | -1,658 | 239 | -12 |
| Cash Flow From Financing Activityⓘ | 332 | 193 | 1,120 | 7,072 | 914 | 10 | 13,670 | -60 | -46 |
| Net Proceeds from Shares ⓘ | 0 | 147 | 1,161 | 1 | 157 | 164 | 13,906 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | -1 | -7 | -2 | -3 | -7 | -2 | -26 | -19 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 331 | 47 | -34 | 7,073 | 759 | -147 | -234 | -34 | -27 |
| Net Cash Flow ⓘ | 0 | 22 | 93 | 86 | 175 | 126 | 470 | -584 | 397 |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -69.18 | -122.31 | -73.32 | -71.45 | -90.18 | -59.15 | 0 | 0 | 0 | |
| ROCE (%) | -68.35 | -103.6 | -66.86 | -70.09 | -82.23 | -44.98 | -50.04 | -33.29 | -19.83 | |
| Asset Turnover Ratio | 0.09 | 0.58 | 0.63 | 0.3 | 0.6 | 0.52 | 0.41 | 0.36 | 0.57 | |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 69 | 13 | 12 | 26 | 14 | 24 | 21 | 26 | 18 | |
| Inventory Days | 0 | 0 | 0 | 1 | 2 | 3 | 1 | 0 | 0 | |
| Payable Days | 0 | 0 | 4,413 | 2,762 | 826 | 1,833 | 3,619 | 3,658 | 4,054 | |
Swiggy was incorporated as ‘Bundl Technologies Private Limited’ as a private limited company under the Companies Act, 1956, pursuant to the certificate of incorporation dated December 26, 2013, issued by the Registrar of Companies, Andhra Pradesh at Hyderabad. Subsequent to a change in its registered office from the state of Andhra Pradesh to the state of Karnataka pursuant to the Board resolution dated November 2, 2015, and the special resolution passed by its Shareholders on December 11, 2015, a fresh certificate of registration dated September 19, 2016, was issued by the Registrar of Companies, Karnataka at Bengaluru. The company changed its name to ‘Swiggy Private Limited’ pursuant to the Board resolution dated January 25, 2024, and the special resolution dated February 19, 2024, further to which a fresh certificate of incorporation dated April 1, 2024 was issued by the RoC, CPC. The company was subsequently converted into a public limited company pursuant to the Board resolution dated February 14, 2024 and special resolution passed by its Shareholders on February 19, 2024 and the name of the company was changed to ‘Swiggy Limited’. A fresh certificate of incorporation dated April 10, 2024 was accordingly issued by the RoC, CPC.
Swiggy is a new-age, consumer-first technology company offering users an easy-to-use convenience platform, accessible through a unified app - to browse, select, order and pay for food (Food Delivery), grocery and household items (Instamart), and have their orders delivered to their doorstep through its on-demand delivery partner network. Its platform can be used to make restaurant reservations (Dineout) and for events bookings (SteppinOut), avail product pick-up/ dropoff services (Genie) and engage in other hyperlocal commerce (Swiggy Minis, among others) activities.
The company augments the value proposition to users through its membership programme called ‘Swiggy One’ providing discounts and offers; in-app payment solutions like digital wallet ‘Swiggy Money’ (a pre-paid payment instrument), ‘Swiggy UPI’, and Swiggy-HDFC Bank credit card for additional benefits. It offers comprehensive business enablement solutions to restaurant partners, merchant partners (that sell grocery and household items on its platform) and brand partners including its alliance partners such as analytics-backed tools to enhance their online presence and user base; fulfilment services for streamlining their supply chain operations; and last-mile delivery.
It caters to users’ needs of ease, immediacy, quality, variety, reliability and consistency in their food, grocery and household items consumption and other hyperlocal commerce needs. Although Food Delivery and Quick Commerce categories in India are large addressable markets that are witnessing rapid online penetration, they are relatively nascent and have high growth headroom. Due to high frequency, habit formation and recall value, these categories have the potential to unlock additional revenue through monetisation of ancillary services. Its experience, execution capability and network of users and partners, together with its innovation-led approach, positions it well to tap into this growing market opportunity.
Business area of the company
The company is a consumer-first technology company offering users an easy-to-use convenience platform - to browse, select, order and pay for food (Food Delivery), grocery and household items (Instamart), and have their orders delivered to their doorstep through on-demand delivery network.
Awards, accreditations, and accolades
History and milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
FREE Become a savvy and confident
stock investor.
Hurry, limited to the first 10 users today!
Download APP
