EN DE

PHYSICSWALLAH LTD (PWL) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹381B (≈ $4.0B)

What is PHYSICSWALLAH LTD really worth?

PL PHYSICSWALLAH LTD PWL · NSE
Price₹126.42
Fair Value₹13.69
Upside−89.2%
Quality58/100

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

A solid business, but trading 823% above our fair value of ₹13.69.

Watch PHYSICSWALLAH LTD for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 3y +69.4 %/yr)
!Loss-making · -0.6% net margin
!Mixed vs. peers (6/11)
!Narrow moat 19/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range ₹10.34 – ₹17.05

Fair value as of: Aug 29, 2026

From 11 valuation models · updated 6 days ago

Fair value updated Aug 29, 2026, revised from ₹14.81 to ₹13.69 (−7.6%) since Aug 13, 2026. Share price −1.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (₹17.05). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (4 months)

₹151.38 ₹92.04 Fair Value ₹13.69 Apr 2026 Sep 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 29, 2026.

How to read this chart

4‑month range ₹92.04 – ₹151.38 · fair‑value band ₹10.34 – ₹17.05 · the ₹126.42 price screens above the ₹13.69 fair value. As of Aug 29, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

PHYSICSWALLAH LTD (PWL) currently trades at ₹126.42, while our model-based Fair Value estimate is ₹13.69, implying the stock looks roughly 823.4% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Consumer Defensive sector. Bull case: the Growth DCF group reads highest at a median of ₹37.59 per share, and 0 of the 11 models we run sit above the ₹126.42 price. Bear case: the Asset-Based group reads lowest at ₹10.59, and 11 of the 11 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, PHYSICSWALLAH LTD generated revenue of ₹39.0B at a net margin of −0.6%. Revenue grew 50.7% year over year. It earns a return on equity of −0.8%. The balance sheet holds a net cash position of ₹741M. Fundamentals as of Aug 29, 2026

Our scenario range runs from ₹10.34 (bear case) to ₹17.05 (bull case); at ₹126.42, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 6% below its 52-week high and 41% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 8% fair-value upside, at −89%, PWL screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF ₹41.71 ₹64.85 ₹140.49 70
Growth DCF ₹39.54 ₹78.14 ₹142.97 70
5Y EBITDA Exit ₹21.60 ₹31.33 ₹50.26 69
All 11 models by family
DCF Models
FCF DCF ₹41.71 ₹64.85 ₹140.49 70
Owner Earnings ₹9.36 ₹16.64 ₹32.62 67
5Y Revenue Exit ₹22.58 ₹33.31 ₹55.52 66
5Y EBITDA Exit ₹21.60 ₹31.33 ₹50.26 69
10Y Revenue Exit ₹27.79 ₹49.65 ₹61.42 63
10Y EBITDA Exit ₹27.56 ₹47.49 ₹79.29 62
Multiples
EV/EBITDA ₹14.01 ₹17.37 ₹20.73 67
EV/Revenue ₹14.52 ₹19.06 ₹23.60 54
Asset-Based
NCAV (Graham) ₹7.90 ₹10.59 ₹15.81 54
Growth DCF
Growth DCF ₹39.54 ₹78.14 ₹142.97 70
Rev-Margin DCF ₹24.34 ₹37.59 ₹65.54 66

Widest divergence: Growth DCF (₹37.59) versus Asset-Based (₹10.59). Highest evidence: FCF DCF (70).

Notify me when PWL reaches fair value

Put PWL on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/S ratio 9.78 TTM
EPS (TTM) ₹−0.0800
Net margin −0.6% FY2026
Return on equity −0.8% TTM
Return on assets (EBIT) −6.2% avg 4y
Operating margin −10.5% TTM
More key figures
Growth
Revenue (TTM) ₹39.0B TTM
Revenue growth (YoY) +50.7% 3y avg +69.4%
Balance sheet & cash flow
Free cash flow ₹6.0B FY2026
Net cash ₹741M FY2026

Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 62 · Market factors (momentum, volatility) 57

Profitability 20
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 24
Calm price path (market factor)
Momentum 74
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 96
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Physicswallah Limited offers test preparation courses and study materials. The company's test preparation courses, including joint entrance exam, national eligibility cum entrance test, and foundation; other-test preparation courses for other competitive entrance examinations for undergraduate and post-graduate studies, public administration jobs, and …

Full company description

Physicswallah Limited offers test preparation courses and study materials. The company's test preparation courses, including joint entrance exam, national eligibility cum entrance test, and foundation; other-test preparation courses for other competitive entrance examinations for undergraduate and post-graduate studies, public administration jobs, and professional qualifications; and upskilling courses for students and professionals. It offers its courses through online channels, which includes its social media channels, website, and apps; hybrid centers, its two-teacher model where a student attends a live online classes at a physical center and can benefit from another faculty that is present at the center to resolve questions and participate in revision classes; offline centers where its faculty conducts live classes in a physical center. It also offers hospitality services. The company was incorporated in 2020 and is based in Noida, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2023 – FY2026 · reported fiscal years

PHYSICSWALLAH LTD reported revenue of ₹36.0B in FY2026 versus ₹7.4B in FY2023, a compound +69.4%/yr. Reported net income was −₹225M in FY2026.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹36.0B
Latest YoY
+25.4%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+69.4%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Revenue +69.4%/yr
FY23 ₹7.4B
FY24 ₹19.3B
FY25 ₹28.7B
FY26 ₹36.0B
Net income
FY23 −₹814M
FY24 −₹10.4B
FY25 −₹2.2B
FY26 −₹225M

PWL screens 823% overvalued. Compare with New Oriental Education & Technology Group →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "PHYSICSWALLAH LTD Fair Value". https://www.fairvalue-calculator.com/stock/PWL

Peer Group

Education & Training Services · 142 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 58 · Above median
Fair Value upside −89% · Bottom 25%
Return on assets −1% · Below median
Net margin (TTM) −1% · Below median
Operating margin (TTM) −10% · Bottom 25%
Revenue growth 51% · Top 25%

Valuation Multiples vs Education & Training Services median · lower = cheaper

P/B 0.09× · Cheaper than 75% of peers
P/S (TTM) 0.10× · Cheaper than 75% of peers
P/FCF 0.7× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 33
FUTURE100 · sector 24
PAST0 · sector 19
HEALTH100 · sector 94
DIVIDEND0 · sector 65

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Education & Training Services stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).

Stock Price Fair Value vs Fair Value
New Oriental Education & Technology Group EDU $58.22 $48.37 −17%
TAL Education Group TAL $11.69 $15.60 +33%
Laureate Education, Inc LAUR $38.36 $41.45 +8%
Grand Canyon Education, Inc LOPE $151.19 $152.01 +1%
Covista Inc CVSA $128.22 $135.45 +6%
Stride, Inc LRN $84.58 $139.45 +65%
Universal Technical Institute, Inc UTI $25.64 $20.98 −18%
Perdoceo Education Corporation PRDO $33.81 $40.65 +20%
Strategic Education, Inc STRA $81.90 $105.48 +29%
Offcn Education Technology Co 002607 ¥2.03 ¥0.3300 −84%

Compare PHYSICSWALLAH LTD with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Defensive stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is PHYSICSWALLAH LTD (PWL) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of ₹13.69 versus a price of ₹126.42, about −89% upside (overvalued).
What is the fair value of PWL?
Our model-based fair value for PHYSICSWALLAH LTD is ₹13.69 (as of Aug 29, 2026), built from audited fundamentals. The current price: ₹126.42.
What is the quality score of PWL?
PHYSICSWALLAH LTD has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of PHYSICSWALLAH LTD (PWL)?
PHYSICSWALLAH LTD reported trailing-twelve-month revenue of about ₹39.0B (latest available figure, as of Aug 29, 2026).
What is the net profit margin of PWL?
The net profit margin of PHYSICSWALLAH LTD is about −0.6%, meaning it is currently running at a net loss. Based on the latest reported figures.
Free · no account needed

Watch PHYSICSWALLAH LTD in the live analysis

One click puts PHYSICSWALLAH LTD on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.