Swiggy Limited

₹2,100 - ₹3,500

Platform	Last Traded Price	Min Quantity
★★★★☆	₹2,100	640	Visit
★★★★☆	₹2,600	378	Visit
★★★★★☆	₹2,700	246	Visit
★★★★★☆	₹2,800	257	Visit
★★★★☆☆	₹2,900	765	Visit

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★★★★☆

LTP:₹2,100

Min Qty:913

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★★★★☆

LTP:₹2,600

Min Qty:592

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★★★★★☆

LTP:₹2,700

Min Qty:469

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★★★★★☆

LTP:₹2,800

Min Qty:185

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★★★★☆☆

LTP:₹2,900

Min Qty:788

Strengths & Weaknesses

Strengths

Growing Revenue: Swiggy’s revenue jumped 44% to 8.2k Cr in FY23

Growing Core Business: Swiggy's revenue from the sale of traded goods increased by nearly 58% in FY23 compared to FY22, indicating significant business growth during the financial year.

Increasing Valuation: Swiggy's valuation saw a significant increase in 2023, reaching $9.43 bn, which is approximately 80% higher than its 2021 valuation of $5.25 bn.

Weaknesses

Growing Loss: The company’s loss widened by 15.2% in FY23 to 4,179 Cr

Strong Competitor: Zomato positions itself as a strong competitor to Swiggy, boasting a larger network of partnered restaurants and experiencing lower losses in FY23.

Balance Sheet	FY24	FY23	FY22	FY21
Equity Capital	15,576.27	15,565.2	15,563.4	0.9
Reserves	-7,784.81	-6,508.6	-3,296.5	1,736.5
Total Equity	7,791.46	9,056.6	12,266.9	1,737.4
Borrowings	95.98	0.0	0.0	66.5
Other Non-Current Liabilities	535.18	520.5	455.0	408.1
Total NC Liabilities	631.16	520.5	455.0	474.6
Borrowings	115.21	0.0	0.0	25.3
Other Current Liabilities	1,991.59	1,703.5	1,683.8	677.8
Total Current Liabilities	2,106.80	1,703.5	1,683.8	703.1
Equity + Liabilities	10,529.42	11,280.6	14,405.7	2,915.1
Fixed Assets (incl. WIP)	1,040.58	1,505.0	801.0	747.0
Other Non Current Assets	2,752.21	1,953.0	1,471.0	143.0
Total NC Assets	3,792.79	3,458.0	2,272.0	890.0
Trade Receivables	963.85	1,062.3	1,111.9	165.4
Cash & Cash Equivalents	887.05	863.9	1,103.8	702.5
Other Current Assets	4,885.73	7,823.0	12,134.0	2,026.0
Total Current Assets	6,736.63	7,823.0	12,134.0	2,026.0
Total Assets	10,529.42	11,280.6	14,405.7	2,915.1

Profit & Loss	FY24	FY23	FY22	FY21
Revenue from Operations	11,247.39	8,264.60	5,704.90	2,546.90
Growth %	36.09%	44.87%	123.99%	0
Operating Expenses	13,455.40	12,540.40	9,356.00	3,845.60
Growth %	7.30%	34.04%	143.29%	0
Operating Profit	-2,208.01	-4,275.80	-3,651.10	-1,298.70
Op. Profit Margin %	-19.63%	-51.74%	-64.00%	-50.99%
Other Income	380.35	449.90	414.90	129.00
Finance Costs	71.40	58.20	48.40	72.90
Depreciation	420.59	285.80	170.10	220.90
Exceptional Items	-30.59	-9.30	-173.20	-148.10
Profit Before Tax	-2,350.24	-4,179.20	-3,627.90	-1,611.60
Tax	0.00	0.00	0.00	0.00
Tax %	0.00%	0.00%	0.00%	0.00%
Profit After Tax	-2,350.24	-4,179.2	-3,627.9	-1,611.6
Growth %	156.24%	15.20%	125.11%	0
PAT %	-20.90%	-50.57%	-63.59%	-63.28%

Shareholding Pattern

Color	Shareholder	Holding
	Prosus	31.7%
	Softbank	8.0%
	Accel	6.3%
	ESOPs Pool	5.1%
	Others	48.9

Fundamentals

Quick Insights

Growing Revenue: Swiggy’s revenue jumped 44% to 8.2k Cr in FY23
Growing Core Business: Swiggy's revenue from the sale of traded goods increased by nearly 58% in FY23 compared to FY22, indicating significant business growth during the financial year.
Increasing Valuation: Swiggy's valuation saw a significant increase in 2023, reaching $9.43 bn, which is approximately 80% higher than its 2021 valuation of $5.25 bn.

Market Cap₹72,292.00 Cr

PE Ratio-31.87

EPS-10.70

Dividend Yield0%

Book Value₹32.7

Debt/Equity0.027

Price/Book10.43

Industry PE0

Sales11247.39 Cr

Profit After Tax-2350.24 Cr

ISININE00H001014

SectorFood Delivery

About Company

Swiggy Limited, previously known as Bundl Technologies Private Limited, is a major force in India's food delivery industry

It provides an effortless platform for customers to order from local restaurants. Swiggy's committed delivery team, real-time order tracking, and no minimum order policy have transformed the food delivery landscape in India.

Platform	Last Traded Price	Min Quantity
★★★★☆	₹2,100	473	Visit
★★★★☆	₹2,600	701	Visit
★★★★★☆	₹2,700	262	Visit
★★★★★☆	₹2,800	515	Visit
★★★★☆☆	₹2,900	445	Visit

Quick Insights

Growing Revenue: Swiggy’s revenue jumped 44% to 8.2k Cr in FY23
Growing Core Business: Swiggy's revenue from the sale of traded goods increased by nearly 58% in FY23 compared to FY22, indicating significant business growth during the financial year.
Increasing Valuation: Swiggy's valuation saw a significant increase in 2023, reaching $9.43 bn, which is approximately 80% higher than its 2021 valuation of $5.25 bn.

Market Cap₹72,292.00 Cr

PE Ratio-31.87

EPS-10.70

Dividend Yield0%

Book Value₹32.7

Debt/Equity0.027

Price/Book10.43

Industry PE0

Sales11247.39 Cr

Profit After Tax-2350.24 Cr

ISININE00H001014

SectorFood Delivery

About Company

Strengths

Growing Revenue: Swiggy’s revenue jumped 44% to 8.2k Cr in FY23

Growing Core Business: Swiggy's revenue from the sale of traded goods increased by nearly 58% in FY23 compared to FY22, indicating significant business growth during the financial year.

Increasing Valuation: Swiggy's valuation saw a significant increase in 2023, reaching $9.43 bn, which is approximately 80% higher than its 2021 valuation of $5.25 bn.

Weaknesses

Growing Loss: The company’s loss widened by 15.2% in FY23 to 4,179 Cr

Strong Competitor: Zomato positions itself as a strong competitor to Swiggy, boasting a larger network of partnered restaurants and experiencing lower losses in FY23.

Annual Reports

FY 2024 FY 2023 FY 2022 FY 2021 FY 2020

Balance Sheet	FY24	FY23	FY22	FY21
Equity Capital	15,576.27	15,565.2	15,563.4	0.9
Reserves	-7,784.81	-6,508.6	-3,296.5	1,736.5
Total Equity	7,791.46	9,056.6	12,266.9	1,737.4
Borrowings	95.98	0.0	0.0	66.5
Other Non-Current Liabilities	535.18	520.5	455.0	408.1
Total NC Liabilities	631.16	520.5	455.0	474.6
Borrowings	115.21	0.0	0.0	25.3
Other Current Liabilities	1,991.59	1,703.5	1,683.8	677.8
Total Current Liabilities	2,106.80	1,703.5	1,683.8	703.1
Equity + Liabilities	10,529.42	11,280.6	14,405.7	2,915.1
Fixed Assets (incl. WIP)	1,040.58	1,505.0	801.0	747.0
Other Non Current Assets	2,752.21	1,953.0	1,471.0	143.0
Total NC Assets	3,792.79	3,458.0	2,272.0	890.0
Trade Receivables	963.85	1,062.3	1,111.9	165.4
Cash & Cash Equivalents	887.05	863.9	1,103.8	702.5
Other Current Assets	4,885.73	7,823.0	12,134.0	2,026.0
Total Current Assets	6,736.63	7,823.0	12,134.0	2,026.0
Total Assets	10,529.42	11,280.6	14,405.7	2,915.1

Profit & Loss	FY24	FY23	FY22	FY21
Revenue from Operations	11,247.39	8,264.60	5,704.90	2,546.90
Growth %	36.09%	44.87%	123.99%	0
Operating Expenses	13,455.40	12,540.40	9,356.00	3,845.60
Growth %	7.30%	34.04%	143.29%	0
Operating Profit	-2,208.01	-4,275.80	-3,651.10	-1,298.70
Op. Profit Margin %	-19.63%	-51.74%	-64.00%	-50.99%
Other Income	380.35	449.90	414.90	129.00
Finance Costs	71.40	58.20	48.40	72.90
Depreciation	420.59	285.80	170.10	220.90
Exceptional Items	-30.59	-9.30	-173.20	-148.10
Profit Before Tax	-2,350.24	-4,179.20	-3,627.90	-1,611.60
Tax	0.00	0.00	0.00	0.00
Tax %	0.00%	0.00%	0.00%	0.00%
Profit After Tax	-2,350.24	-4,179.2	-3,627.9	-1,611.6
Growth %	156.24%	15.20%	125.11%	0
PAT %	-20.90%	-50.57%	-63.59%	-63.28%

Shareholding Pattern

Color	Shareholder	Holding
	Prosus	31.7%
	Softbank	8.0%
	Accel	6.3%
	ESOPs Pool	5.1%
	Others	48.9

Board of Directors

Anand Kripalu Independent board member

Lakshmi Nandan Reddy ObulIndependent board member

Mukul AroraIndependent board member

Senior Management

Mr.Vivek Sunder Chief Operating Officer & Managing Director

Mr. Rahul BothraChief Financial Officer

Ms. Sonal BhandariCompany Secretary