NSE:GROWWNSEFinancial Services
BILLIONBRAINS GARAGE VN L
📊 Capital Markets
Day ₹216
₹227 Oversold
52W ₹112
₹227 Overbought
₹217.08
▼ ₹2.77 (-1.26%)
Vol: 26,151,653 · Avg: 41,463,580
As of April 29, 2026 · 06:22 IST
COMPOSITE RISK SCORE
63 MODERATE
VAL:0/25 · FIN:25/25 · GRO:21/25 · TECH:17/25
📈 P/E RATIO
63.7x
Trailing
📖 P/B RATIO
13.9x
Price to Book
💰 EPS
₹3.41
TTM
🏛 MARKET CAP
₹134,407Cr
Large Cap
📊 ROE
28.7%
Return on Equity
📈 REV GROWTH
83.5%
YoY
🏢 Company Analysis · BILLIONBRAINS GARAGE VN L
💼 BUSINESS MODEL
  • Billionbrains Garage Ventures Limited develops a direct-to-customer digital investment platform that provides wealth creation opportunities through multiple financial products and services..
  • The company's platform allows users to invest and trade in stocks (including via IPOs), derivatives, bonds, mutual funds, and other products..
  • It allows users to avail margin trading facility and personal loans..
  • The company's application, Groww and its website allows customers to access tools, information and market insights to build investment and trading strategies..
  • Operates in Capital Markets within the Financial Services sector.
🏰 MOAT & COMPETITION
  • Mega-cap (₹134,407 Cr) — dominant market position with significant scale advantages.
  • ROE of 28.7% indicates strong competitive advantage and efficient capital deployment.
  • Profit margin of 43.7% suggests pricing power / cost moat.
  • Key competitors: Dam Capital Advi, Billionbrains, Dolat Algotech, Master Trust.
🚀 CATALYSTS
  • Revenue growing at 84% — strong top-line momentum.
  • Earnings growth of 112% signals execution on profitability.
⚖️ ASYMMETRY CHECK
  • Analyst target range: ₹150 — ₹235 (mean ₹213, 10 analysts).
  • Unfavorable asymmetry — limited upside +8% vs downside -31% (0.3x).
  • P/E of 63.7x — premium valuation, growth must sustain to avoid de-rating risk.
🔭 FUTURE OUTLOOK
  • Analyst consensus: Buy (10 analysts).
  • Latest quarter earnings grew 122% YoY — positive trajectory.
✅ PROS
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33.9%
❌ CONS
  • Stock is trading at 14.1 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -0.43%
VALUATION
0/25
25% WEIGHT
  • P/E at 64x
  • P/B at 13.9x
  • Analyst target: ₹213 (-1.9%)
  • 1Y return: +65.3%
FINANCIAL HEALTH
25/25
25% WEIGHT
  • ROE: 28.7%
  • Profit margin: 43.7%
  • Revenue growth: 83.5%
  • Debt/Equity: 3%
GROWTH
21/25
25% WEIGHT
  • Revenue growth: 83.5%
  • Earnings growth: 111.8%
  • Beta: 0.00
  • Sector: Financial Services
TECHNICAL
17/25
25% WEIGHT
  • RSI, MACD, MA crossovers
  • 200 DMA & 50 EMA position
  • Volume trend analysis
  • Price momentum signals
📈 Price Movement
🕯 Candlestick Chart
🎯 Price Prediction · Analyst Target Cone Source: Yahoo Finance Analyst Targets ↗
📉 Valuation Trends (at current CMP)
P/E Ratio at current CMP
75.2 57.1 39.0 20.9 2.7 '2023 '2025 '2026 Mar 2023: 3.2 Mar 2025: 21.8 Mar 2026: 65.4 65.4
💎 Valuation & Financial Metrics
P/E RATIO
63.7x
Trailing twelve months
P/B RATIO
13.9x
Price to Book value
ROE
28.7%
Return on Equity
PROFIT MARGIN
43.7%
Net profit margin
OPM
61.3%
Operating profit margin
ANALYST TARGET
₹213
Range: ₹150 - ₹235
Yahoo Finance ↗
PEG RATIO
0.99
Price/Earnings to Growth
EV/EBITDA
N/A
Enterprise value ratio
CURRENT RATIO
1.55
Liquidity measure
DIVIDEND YIELD
N/A
Annual yield
ROA
14.6%
Return on Assets
GROSS MARGIN
100.0%
Gross profit margin
INDUSTRY AVERAGES — STOCKBROKING & ALLIED
P/E 14.1x (above avg)
P/B 3.0x (sector fair)
ROCE 33.3% (above avg)
ROE 18% (sector good)
OPM 30% (sector good)
Div Yield 0.69%
D/E <200 (sector comfort)
📋 Quarterly Performance Trend
QuarterRevenueQoQ %Net ProfitQoQ %Op. Cash FlowEBITDA Margin
Q3 FY25 ₹975 Cr— ₹757 Cr— N/A 107.2%
Q4 FY25 ₹801 Cr-17.8% ₹309 Cr-59.2% N/A 54.5%
Q1 FY26 N/A— N/A— N/A N/A
Q3 FY26 ₹1,216 Cr— ₹547 Cr— N/A 62.9%
Q4 FY26 ₹1,505 Cr+23.8% ₹686 Cr+25.5% N/A 64.3%
📊 Year-on-Year Trend
FYRevenueYoY %Net ProfitYoY %Op. Cash FlowYoY %
FY23 N/A— N/A— N/A—
FY24 N/A— N/A— N/A—
FY25 ₹3,902 Cr— N/A— N/A—
FY26 ₹4,645 Cr+19.0% ₹2,083 Cr— ₹-21 Cr—
📈 Revenue vs Earnings
🎯 EPS: Estimate vs Actual
💰 How BILLIONBRAINS GARAGE VN L Makes Its Money
Revenue ₹1.5K Cr Cost of Revenue ₹173 Cr Gross Profit ₹1.3K Cr Op. Expenses ₹418 Cr Operating Inc. ₹914 Cr Tax ₹249 Cr Interest ₹8 Cr Other ₹30 Cr Net Income ₹686 Cr (45.6% margin) Mar 2026 · All values in ₹ Crores
🏦 Snapshot of BILLIONBRAINS GARAGE VN L's Balance Sheet
Total Assets ₹18.5K Cr Cash & Equiv.: ₹1.2K Cr (6.3%) Receivables: ₹277 Cr (1.5%) Other Current: ₹12.9K Cr (69.5%) PP&E: ₹88 Cr (0.5%) Goodwill: ₹1.2K Cr (6.7%) Other Non-Curr.: ₹2.7K Cr (14.6%) Liab. + Equity ₹18.5K Cr Current Liab.: ₹8.8K Cr (47.3%) Long-Term Debt: ₹15 Cr (0.1%) Equity: ₹9.7K Cr (52.1%) As of Mar 2026 · All values in ₹ Crores
📅 Quarterly Results Source: Screener ↗
Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +1,1259758019041,0191,2161,505
Expenses +575-40413422415496567
Operating Profit5501,014388483603720938
OPM %49%104%48%53%59%59%62%
Other Income +35304944524530
Interest916161611108
Depreciation67777924
Profit before tax5701,022414503638745936
Tax %26%26%25%25%26%27%27%
Net Profit +420757309378471547686
EPS in Rs13.5120.711.691.810.790.891.09
Raw PDF
📊 Profit & Loss Statement Source: Screener ↗
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +4271,1422,7944,0614,645
Expenses +6617432,0501,5311,901
Operating Profit-2333997432,5302,744
OPM %-55%35%27%62%59%
Other Income +0119-1,3370171
Interest0244346
Depreciation312202548
Profit before tax-236504-6182,4642,821
Tax %1%9%30%26%26%
Net Profit +-239458-8051,8242,083
EPS in Rs-2,144.9367.20-118.209.983.32
Dividend Payout %0%0%0%0%0%
🏦 Balance Sheet Source: Screener ↗
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.1121213661,248
Reserves2,7063,2522,4784,4468,404
Borrowings +07591610292
Other Liabilities +1,2911,4605,4284,6548,597
Total Liabilities3,9974,8088,01810,07618,541
Fixed Assets +286321396402253
CWIP00001,239
Investments2801,2521,4481,9072,638
Other Assets +3,4313,2356,1747,76714,412
Total Assets3,9974,8088,01810,07618,541
💰 Cash Flow Statement Source: Screener ↗
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-349548885-962-21
Cash from Investing Activity +-1,512-363-910140-1,351
Cash from Financing Activity +1,874-548762,175
Net Cash Flow14179-2153804
Free Cash Flow-357537878-979-33
CFO/OP144%150%157%37%26%
📈 Key Financial Ratios
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days12129922
Inventory Days
Days Payable
Cash Conversion Cycle12129922
Working Capital Days-961-2-434-162-526
ROCE %16%24%63%37%
🏭 Industry Peers — Stockbroking & Allied
#CompanyCMPP/EMkt CapROCEQtr ProfitScore
1Dam Capital Advi ★₹16014.1₹1,13164.8%-61.1%58
2Billionbrains₹21765.3₹136,04337.3%+122.1%46
3Dolat Algotech₹7911.4₹1,39835.5%+4.0%45
4Master Trust₹808.5₹97930.1%-10.3%43
5Monarch Networth₹30214.9₹2,39433.3%+12.1%43
6IIFL Capital₹32317.5₹10,06433.3%-5.2%43
7Motil.Oswal.Fin.₹78323.3₹47,15318.7%+0.3%38
8Share India Sec.₹14313.1₹3,12219.0%+34.5%37
9Almondz Global₹179.9₹2898.8%+409.1%36
★ Dam Capital Advi ranks higher on combined P/E, ROCE, and growth metrics in Stockbroking & Allied
🏛 Shareholding Pattern
Dec 2025Mar 2026
Promoters27.81%27.38%
FIIs3.13%2.51%
DIIs4.92%5.92%
Public64.13%62.88%
Others0.00%1.31%
No. of Shareholders7,71,4347,06,904
🟢 CATALYSTS
🏆Revenue Growth 84%: Above sector norm of 15% — strong top-line momentum.
💹High ROE (28.7%): Above sector norm of 18% — efficient capital use.
🔀Healthy Margins (43.7%): Above sector norm of 30%.
🇮Earnings Growth (112%): Above sector norm — strong profit expansion.
🔴 RISKS
📜High P/E (63.7x): Well above sector expensive threshold of 35x — leaves little room for error.
💰High P/B (13.9x): Well above sector expensive threshold of 5x.
🔓Below Analyst Target: CMP above mean target — limited upside consensus.
🕸 Factor Analysis · Radar
Momentum 8/10: 1M +44.6%, 6M +65.3%, RSI 69, MACD bullish Sentiment 5/10: Analyst upside -1.9%, Rec: buy Value 3/10: P/E 63.7, P/B 13.9, PEG 0.99 Quality 10/10: ROE 28.7%, Margin 43.7%, D/E 3, CR 1.55 Low Volatility 3/10: Ann. vol 61% Momentum 8 Sentiment 5 Value 3 Quality 10 Low Vol 3
Momentum 8/10
1M +44.6%, 6M +65.3%, RSI 69, MACD bullish
Sentiment 5/10
Analyst upside -1.9%, Rec: buy
Value 3/10
P/E 63.7, P/B 13.9, PEG 0.99
Quality 10/10
ROE 28.7%, Margin 43.7%, D/E 3, CR 1.55
Low Volatility 3/10
Ann. vol 61%
🎯 Decision Matrix
ActionIf Stock RisesIf Stock Falls
BUYBenefit from potential re-rating; strong 37% ROCE compoundsOPM of 61% provides margin buffer; P/E 64x vs sector median 14x is a risk
HOLDRetain existing position; wait for better entry; FII stake falling (-0.62%)Miss further upside if momentum continues; 1M return of +44.6% shows momentum
SELLLock in +65.3% 1Y return; redeploy into Dam Capital Advi at lower P/EAvoid further drawdown; P/E compression risk at 64x
REASONS TO BUY
  • ROCE at 37% indicates strong capital efficiency
  • ROE of 28.7% above sector norm of 18%
  • Revenue growing at 83.5% YoY (sector norm: 6%)
  • Operating margin of 61% shows pricing power (sector norm: 30%)
REASONS TO SELL / AVOID
  • P/E of 63.7x is 4.5x the sector median of 14x
  • FII stake falling (-0.62%) — institutional exit signal
  • Dam Capital Advi offers lower P/E (14.1) with ROCE of 64.8% in the same sector
  • 1Y return of +65.3% — profit booking opportunity
📰 Latest News
Billionbrains Garage Ventures Ltd (NSE:GROWW) Q4 2026 Earnings Call Highlights: AUM Soars and ...
GuruFocus.com · 2026-04-21T09:00
Billionbrains Garage Ventures Ltd (NSE:GROWW) Q3 2025 Earnings Call Highlights: Strategic ...
GuruFocus.com · 2026-01-16T01:00
RECOMMENDATION
HOLD
COMPOSITE SCORE
63/100
BILLIONBRAINS GARAGE VN L trades at ₹217.08 with a composite risk score of 63/100. The stock scores 0/25 on valuation, 25/25 on financial health, 21/25 on growth, and 17/25 on technicals. The company is currently profitable with strong return on equity.

The stock is trading near or above analyst consensus targets. Revenue growth is at 83.5% — a strong positive signal.

Within Stockbroking & Allied, Dam Capital Advi (P/E 14.1, ROCE 64.8%) ranks higher on techno-fundamental metrics and may be worth considering.

Bottom Line: Neutral for Financial Services — wait for better entry or catalyst. The current recommendation is HOLD.
PROFITABLE HIGH ROE STRONG GROWTH EXPENSIVE
RISK SCORE REPORT · NSE:GROWW · GENERATED APR 29, 2026 06:22 IST · DATA VIA YAHOO FINANCE + SCREENER.IN
DISCLAIMER: THIS IS NOT FINANCIAL ADVICE. DATA MAY BE DELAYED. ALWAYS VERIFY WITH OFFICIAL SOURCES BEFORE INVESTING.