Groww Share Price: Profit **122%** Bhaga, Par Valuation Ki Chinta Kaisi?

TECH
Whalesbook Logo
AuthorVihaan Mehta|Published at:
Groww Share Price: Profit **122%** Bhaga, Par Valuation Ki Chinta Kaisi?
Overview

Are bhai, Groww ke results aa gaye hain aur kya zabardast kaam kiya hai company ne! Q4 mein net profit seedha **122%** bhaga hai, matlab ₹686 crore ho gaya! Revenue bhi **88%** badhkar ₹1,505 crore tak pahunch gaya. Sabse badi baat, broking aur derivatives mein zabardast performance ne stock ko upar pahuncha diya. Lekin ek sawaal hai – Groww ka P/E ratio **64x** ke aas paas hai, jabki Angel One jaise competitor **32x** par trade kar rahe hain. Kya Groww apni growth maintain kar paayega?

Instant Stock Alerts on WhatsApp

Used by 10,000+ active investors

1

Add Stocks

Select the stocks you want to track in real time.

2

Get Alerts on WhatsApp

Receive instant updates directly to WhatsApp.

  • ✓Quarterly Results
  • ✓Concall Announcements
  • ✓New Orders & Big Deals
  • ✓Capex Announcements
  • ✓Bulk Deals
  • ✦And much more
Add StocksGet it on Google PlayDownload on the App Store

Toh bhai, company ne numbers kya diye hain! FY26 ke Q4 mein Groww ki parent company Billionbrains Garage Venture ka consolidated net profit pichhle saal ke muqable 122% badhkar ₹686.35 crore ho gaya. Revenue bhi 88% tez hokar ₹1,505.37 crore tak pahunch gaya. EBITDA toh lagbhag double ho gaya, ₹939 crore tak pahunch gaya aur platform ka EBITDA margin bhi 66.93% ke record level par hai! Ye numbers dekhkar hi Motilal Oswal aur Jefferies jaise big brokers ne bhi 'Buy' rating pakki rakhi hai aur target price bhi badha diya hai.

Ye toofani tezi aayi kahan se? Main reason hai company ka strong broking business aur derivatives & MTF (Margin Trading Facility) mein zabardast performance. Q4 mein total orders 58.74 crore execute hue. Broking, MTF aur float income se hi company ki lagbhag 87-88% income aati hai. Equity derivatives mein market share 6.8% se badhkar 10.6% ho gaya hai. Aur MTF book bhi ₹2,810 crore tak pahunch gayi, jisme market share 2.7% ho gaya hai.

Ab baat karte hain valuation ki. Stock ka trailing P/E ratio abhi lagbhag 64x par hai, jo kisi growth stock jaisa lagta hai. Lekin comparison mein dekho toh competitor Angel One ne bhi Q4 mein 83.5% profit badhaya hai aur revenue 38.2% badhkar ₹1,459.4 crore kiya hai. Angel One ka EBDAT margin 41.7% hai, aur uska P/E ratio sirf 32.1x hai. Groww ka EBITDA margin zyada hai, par Angel One ka valuation thoda zyada sensible lag raha hai.

Is growth mein kuch risks bhi chhpe hain. Derivatives aur MTF jaise segments mein regulatory changes ya market volatility ka dar rehta hai. Jefferies ne toh Groww ki tulna US ke Robinhood se bhi ki hai, jisko regulatory issues aaye the. MTF business mein bhi competition badh raha hai. Agar user acquisition slow ho gaya ya trading volumes kam ho gaye, toh high P/E wala stock gir bhi sakta hai. Lekin, analysts ko lagta hai ki EPS 29% ke CAGR se badhega FY26-29 tak. Company MTF aur wealth management mein bhi expansion kar rahi hai. Bas ye growth rate aur margin maintain rakhna ek challenge hoga sabse bade competition aur market mein.

Get stock alerts instantly on WhatsApp

Quarterly results, bulk deals, concall updates and major announcements delivered in real time.

Add Stocks
Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.