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Physics Wallah IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ [●] Cr. The company is based in Noida and caters to Education - Edtech sector. Axis Capital , Goldman Sachs (India) Securities , J.P. Morgan India , Kotak Mahindra Capital Company are the merchant bankers of Physics Wallah IPO. It is a MainBoard Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 6th September 2025.
Physics Wallah IPO posted revenues of ₹ 2,886.64 Cr. and PAT of ₹ -243.26 Cr. in FY25 on annualised basis.
Revenue:
₹ 2,886.64 Cr.
EBITDA Margin:
6.69
% 
Net Worth: ₹ 1524.55 Cr.
Market Capitalisation:
[●]
P/E:
[●]
P/BV: [●]
EV/EBITDA: -0.28 times
Financial results of Physics Wallah IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.
| Financials | FY25 | FY24 | FY23 | ||
|---|---|---|---|---|---|
|
Balance Sheet
|
|||||
| Assets | 4156.38 | 2480.74 | 2082.18 | ||
| Net Worth | 1524.55 | -1246.48 | -182.64 | ||
| Total Debt | 0.33 | 1687.40 | 956.15 | ||
|
Profit & Loss
|
|||||
Revenue
Revenue on annualised basis |
2886.64 | 1940.71 | 744.32 | ||
EBITDA
EBITDA on annualised basis |
193.19 | -829.35 | 13.86 | ||
PAT
PAT on annualised basis |
-243.26 | -1131.13 | -84.08 | ||
Physics Wallah IPO PAT Margin is -8.43 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows Physics Wallah IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.
| Particulars | FY25 | FY24 | FY23 |
|---|---|---|---|
| EBITDA Margin (%) | 6.69 | -42.73 | 1.86 |
| PAT Margin (%) | -8.43 | -58.28 | -11.30 |
| EPS (₹) | -0.86 | -4.79 | -0.38 |
| ROE (%) | -15.96 | - | - |
| ROCE (%) | [●] | [●] | [●] |
| ROA (%) | -5.85 | -45.60 | -4.04 |
| Debt to Equity | 0.00 | -1.35 | -5.24 |
The market Capitalisation of Physics Wallah IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.
The Physics Wallah IPO prospectus highlights an Return on Equity (ROE) of -15.96 % , Return on Assets (ROA) of -5.85 %, and an EBITDA Margin of 6.69 %, showcasing financial performance.
Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Physics Wallah IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.
The post-IPO market capitalisation of Physics Wallah IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.
The Physics Wallah IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.
Physics Wallah IPO reported revenue of ₹ 2886.64 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Physics Wallah IPO provide insights into sales growth, market demand, and business scalability.
Physics Wallah recorded an EBITDA of ₹ 193.19 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.
Physics Wallah Profit After Tax (PAT) is ₹ -243.26 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions
Revenue:
₹ 2,886.64 Cr.
EBITDA Margin:
6.69
%
Net Worth: ₹ 1,524.55 Cr.
Market Capitalisation:
[●]
P/E:
[●]
P/BV: [●]
EV/EBITDA:
[●]
Physics Wallah operates in Education - Edtech and Indian Education Technology Company. The Issue is listed on BSE,NSE in Oct, 2025. Physics Wallah IPO size was with Issue price of .
Merchant Banker(s) of Physics Wallah IPO: Axis Capital Limited , Goldman Sachs (India) Securities Private Limited , J.P. Morgan India Private Limited , Kotak Mahindra Capital Company Limited
Physics Wallah IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Physics Wallah IPO listed at a listing price of against the offer price of .
The current market price of Physics Wallah is .
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