Billionbrains Garage Ventures Limited (GROWW.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-92.7%

₹15.00

vs ₹204.50 price

Levered DCF

₹23.20

After debt service

Piotroski score

—

Altman Z-score

—

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022
P/E	46.56×	39.32×	-106.77×	187.61×
P/B	10.03×	14.77×	33.74×	25.87×
P/S	22.68×	17.81×	30.8×	68.1×
EV / EBITDA	32.8×	28.36×	-143.66×	164.98×
Gross margin	78.1%	98.7%	98.5%	98.0%
Operating margin	57.7%	62.3%	26.3%	40.2%
Net margin	48.8%	45.3%	-28.9%	36.3%
Current ratio	60.15×	24.66×	182.43×	362.58×
Debt / equity	0.03×	0.12×	0.02×	0.01×
Interest coverage	56.63×	62.02×	198.78×	252.55×
Dividend yield	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022
Return on equity	21.6%	37.6%	-31.7%	13.8%
Return on invested capital	9.8%	18.4%	9.1%	9.6%
Return on assets	11.2%	18.1%	-10.0%	9.5%
Free cash flow yield	-0.0%	1.3%	3.5%	0.5%
Earnings yield	2.2%	2.5%	-0.9%	0.5%
Enterprise value	₹955.5B	₹717.1B	₹854.3B	₹854.8B
Net debt / EBITDA	-0.45×	-0×	0.61×	-0.6×
Cash conversion cycle (days)	-2,763	-32,095	94	12