PhysicsWallah (NSE:PWL) ROE %: -6.63% (As of Mar. 2026)


NSE:PWL PhysicsWallah Ltd NSE:PWL
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Price ₹125.34
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What is PhysicsWallah ROE %?

PhysicsWallah NSE:PWL +0.17% 7 ROE % is -6.63% as of Mar. 2026. GuruFocus rates NSE:PWL with a GF Score™ of 7/100. The stock has 2 warning signs investors should review. Among 260 Education companies, PhysicsWallah ranks worse than 76.54% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. PhysicsWallah's annualized net income for the quarter that ended in Mar. 2026 was ₹-2,996 Mil. PhysicsWallah's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹45,204 Mil. Therefore, PhysicsWallah's annualized ROE % for the quarter that ended in Mar. 2026 was -6.63%.

The historical rank and industry rank for PhysicsWallah's ROE % or its related term are showing as below:

NSE:PWL' s ROE % Range Over the Past 10 Years
Min: -155.28   Med: -78.01   Max: -0.74
Current: -3.8

During the past 4 years, PhysicsWallah's highest ROE % was -0.74%. The lowest was -155.28%. And the median was -78.01%.

NSE:PWL's ROE % is ranked worse than
76.54% of 260 companies
in the Education industry
Industry Median: 7.3 vs NSE:PWL: -3.80

PhysicsWallah  (NSE:PWL) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-2995.6/45203.9
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2995.6 / 36752)*(36752 / 76768)*(76768 / 45203.9)
=Net Margin %*Asset Turnover*Equity Multiplier
=-8.15 %*0.4787*1.6983
=ROA %*Equity Multiplier
=-3.9 %*1.6983
=-6.63 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-2995.6/45203.9
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-2995.6 / -3222.4) * (-3222.4 / -3851.6) * (-3851.6 / 36752) * (36752 / 76768) * (76768 / 45203.9)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9296 * 0.8366 * -10.48 % * 0.4787 * 1.6983
=-6.63 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


PhysicsWallah ROE % Related Terms


PhysicsWallah ROE % Historical Data

* Premium members only.

The historical data trend for PhysicsWallah's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PhysicsWallah ROE % Chart

PhysicsWallah Annual Data
Trend Mar23 Mar24 Mar25 Mar26
ROE %
0.00 0.00 -155.28 -0.74

PhysicsWallah Quarterly Data
Mar23 Mar24 Jun24 Dec24 Mar25 Jun25 Dec25 Mar26
ROE % Get a 7-Day Free Trial 0.00 -76.90 -32.43 27.79 -6.63

NSE:PWL vs EDU, TAL, LAUR: ROE % Comparison

For the Education & Training Services subindustry, PhysicsWallah's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PhysicsWallah ROE % vs Education Industry

For the Education industry and Consumer Defensive sector, PhysicsWallah's ROE % distribution charts can be found below:

* The bar in red indicates where PhysicsWallah's ROE % falls into.


NSE:PWL
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PhysicsWallah Ltd NSE:PWL
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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PhysicsWallah ROE % Calculation

PhysicsWallah's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=-224.9/( (15245.54+45203.9)/ 2 )
=-224.9/30224.72
=-0.74 %

PhysicsWallah's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=-2995.6/( (0+45203.9)/ 1 )
=-2995.6/45203.9
=-6.63 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -6.63% mean?
PhysicsWallah (NSE:PWL) has a ROE % of -6.63% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on PhysicsWallah and its competitors. According to the industry distribution chart, PhysicsWallah ranks #199 out of 260 companies in the Education industry, placing it in the top 76.5%.
Is PhysicsWallah's ROE % too high?
PhysicsWallah's current ROE % is -6.63%. Based on the distribution chart, PhysicsWallah ranks #199 out of 260 companies in the Education industry, which is in the bottom quartile relative to peers. Overall, PhysicsWallah has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does PhysicsWallah's ROE % compare to EDU and TAL?
According to the Education industry distribution chart, PhysicsWallah ranks #199 out of 260 companies for ROE %. This places PhysicsWallah in the lower half of its industry. The industry median ROE % is 7.30. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Education company?
The median ROE % among Education companies is 7.30, based on 260 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on PhysicsWallah and its competitors. For the Education industry, the median ROE % is 7.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PhysicsWallah's current ROE % is -6.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PhysicsWallah stock overvalued right now?
PhysicsWallah (NSE:PWL) has a current ROE % of -6.63%. The current ROE % is -6.63%. PhysicsWallah's overall GF Score™ is 7/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For PhysicsWallah (NSE:PWL), the current ROE % is -6.63% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PhysicsWallah Business Description

Other Exchanges 544609:India
Address Sector - 62, Gautam Buddha Nagar, Plot No. B-8, Tower A, 101-119, First Floor, Noida One, Dadri, Noida, UP, IND, 201 309
PhysicsWallah Ltd is engaged in the business of education by providing online and offline coaching and study material for test preparation of various competitive exams such as NEET, JEE, MBA. UPSC, GATE, CA, etc. Its channels of delivery include: (i) online, which includes social media channels, website and apps; (ii) tech-enabled offline centers (where the faculty conducts live classes in a physical center); or (iii) hybrid centers. The company operates in one reportable business segment i.e. engaged in the business of education by providing online and offline coaching and study materials. The majority of the company's revenue is derived from the provision of education services through its offline centers located in various Indian cities.
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