Physics Wallah Listed
Physics Wallah (PW) is an Indian edtech company that grew out of a YouTube channel teaching physics for JEE/NEET (started 2016) and was incorporated as a company in 2020 by Alakh Pandey and Prateek Maheshwari. It offers affordable online, offline and hybrid test-preparation and upskilling courses, reaching over 10 million paying app users and reporting FY26 revenue of about ₹3,900…
Valuation
Returns
Per share
Growth · year on year
Ownership
Price and ratios are compiled from the exchange and third-party market data, cached and refreshed through the day — they are not Atlas facts and are not investment advice. Where a ratio is computed on more than one basis (for example standalone versus trailing-twelve-month), each is shown separately rather than averaged into a single number.
How this score is calculated
| Measure | Value | Scores | Source |
|---|---|---|---|
| P/E What the market pays for each rupee of earnings. Lower is cheaper — but a low P/E can also mean the market expects earnings to fall. Computed on a different basis this reads 1,169.59, which would score 0/100. Scored on the figure shown. |
-3,557.07 | 100/100 | BSE |
| P/B Price against book value. Most meaningful for banks and asset-heavy businesses; software and consumer brands trade high here for good reasons. |
7.21 | 25/100 | Market data |
| ROE Return on equity — profit generated per rupee of shareholder capital. Sustained high ROE is the clearest single marker of a good business. |
0.00 | 0/100 | Market data |
| ROCE Return on capital employed — the same idea including debt, so it is harder to flatter with leverage. |
-5.25 | 0/100 | Market data |
| Profit growth Year-on-year growth in profit. Weighted above sales growth because profitable growth is the harder thing to do. |
87.34 | 100/100 | Market data |
| Sales growth Year-on-year growth in revenue. |
51.90 | 100/100 | Market data |
| Promoter holding How much of the company its founders and controlling group still own. Higher usually means their money moves with yours. |
71.27 | 100/100 | Market data |
The Atlas Score is our own arithmetic on the published figures above — nothing is hidden and nothing is bought in. It weighs quality and growth at 30% each, valuation at 25% and ownership at 15%, scoring each measure against fixed bands. Growth blends third-party market data with the fiscal-year figures we file and cite ourselves, so a company we have researched more deeply scores on richer evidence. A measure we could not fetch is left out of the average rather than counted as a zero. It is a summary of the numbers, not a recommendation, not a price target, and not advice about your circumstances.
Physics Wallah: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 18 Nov 2025 | IPO | ₹3,480 Cr | source | |
| 19 Sep 2024 | Series B | $210 Mn | Hornbill Capital GSV Ventures Lightspeed Venture Partners WestBridge Capital | source |
| 7 Jun 2022 | Series A | $100 Mn | GSV Ventures WestBridge Capital | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 8 Dec 2025 | Physics Wallah | Utkarsh Classes | ₹26.5 Cr (3rd tranche; stake raised from 63.25% to 75.5%) | source |
| 19 Jun 2023 | Physics Wallah | Xylem Learning | $61 Mn for 50% stake | source |
| 20 Mar 2023 | Physics Wallah | Knowledge Planet | Undisclosed | source |
| 22 Dec 2022 | Physics Wallah | iNeuron | ₹13.8 Cr | source |
| 1 Oct 2022 | Physics Wallah | PrepOnline | Undisclosed | source |
| 17 Aug 2022 | Physics Wallah | Freeco | Undisclosed | source |
Recent Signals
-
4 Jun 2026 · regulatory
PhysicsWallah reverses direct student-lending push, shifts to NBFC partnerships source -
28 May 2026 · financial
PhysicsWallah narrows FY26 net loss 90% to ₹24 crore as revenue jumps 35% to ₹3,900 crore source -
18 Nov 2025 · financial
PhysicsWallah lists at ~33% premium on NSE (32% on BSE) after ₹3,480 Cr IPO source
News on Physics Wallah
No coverage of Physics Wallah linked yet.
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Who founded Physics Wallah?
Physics Wallah was founded by Alakh Pandey, Prateek Maheshwari in 2020.
How much funding has Physics Wallah raised?
Physics Wallah has raised $310 Mn across 3 tracked funding round(s), most recently on 2025-11-18. Figures are compiled from cited public sources.
Who are the investors in Physics Wallah?
Investors in Physics Wallah include Hornbill Capital, GSV Ventures, Lightspeed Venture Partners, WestBridge Capital.
What does Physics Wallah do?
Physics Wallah (PW) is an Indian edtech company that grew out of a YouTube channel teaching physics for JEE/NEET (started 2016) and was incorporated as a company in 2020 by Alakh Pandey and Prateek Maheshwari. It offers affordable online, offline and hybrid test-preparation and upskilling…
Where is Physics Wallah headquartered?
Physics Wallah is headquartered in Noida, Uttar Pradesh, India.
What is Physics Wallah's business model?
Physics Wallah's core value proposition centers on Affordable test-prep vs. incumbents, Hybrid online + offline + offline-first delivery, Free YouTube content funnel, AI-first tutoring push.
How does Physics Wallah make money?
Physics Wallah's cited revenue streams include Online course subscriptions, Offline batch/coaching fees, Total operating revenue.