Swiggy Limited CCPS - Tranche II - Unlisted Shares
Fundamentals
- Current Price
- ₹323.8
- Market Cap
- ₹66,356.00 Cr
- ISIN
- SWIGGYCCPS-SERIESA-K
- Face Value
- ₹1
- EPS
- -10.7
- P/B Ratio
- 7.94
- Book Value
- 39.4
- Debt / Equity Ratio
- 0.027
Key Financials
Profit & Loss
| Metric |
|---|
| Revenue from Operations |
| Growth % |
| Operating Expenses |
| Growth % |
| Operating Profit |
| Op. Profit Margin % |
| Other Income |
| Finance Costs |
| Depreciation |
| Exceptional Items |
| Profit Before Tax |
| Tax |
| Tax % |
| Profit After Tax |
| Growth % |
| PAT % |
Company Financials
| Metric | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|
| Equity Capital | 15,576.27 | 15,565.2 | 15,563.4 | 0.9 |
| Reserves | -7,784.81 | -6,508.6 | -3,296.5 | 1,736.5 |
| Total Equity | 7,791.46 q | 9,056.6 | 12,266.9 | 1,737.4 |
| Borrowings | 95.98 | 0.0 | 0.0 | 66.5 |
| Other Non-Current Liabilities | 535.18 | 520.5 | 455.0 | 408.1 |
| Total NC Liabilities | 631.16 | 520.5 | 455.0 | 474.6 |
| Borrowings | 115.21 | 0.0 | 0.0 | 25.3 |
| Other Current Liabilities | 1,991.59 | 1,703.5 | 1,683.8 | 677.8 |
| Total Current Liabilities | 2,106.80 | 1,703.5 | 1,683.8 | 703.1 |
| Equity + Liabilities | 10,529.42 | 11,280.6 | 14,405.7 | 2,915.1 |
| Fixed Assets (incl. WIP) | 1,040.58 | 1,505.0 | 801.0 | 747.0 |
| Other Non Current Assets | 2,752.21 | 1,953.0 | 1,471.0 | 143.0 |
| Total NC Assets | 3,792.79 | 3,458.0 | 2,272.0 | 890.0 |
| Trade Receivables | 963.85 | 1,062.3 | 1,111.9 | 165.4 |
| Cash & Cash Equivalents | 887.05 | 863.9 | 1,103.8 | 702.5 |
| Other Current Assets | 4,885.73 | 7,823.0 | 12,134.0 | 2,026.0 |
| Total Current Assets | 6,736.63 | 7,823.0 | 12,134.0 | 2,026.0 |
| Total Assets | 10,529.42 | 11,280.6 | 14,405.7 | 2,915.1 |
Shareholding Pattern
- Prosus
- 31.7%%
- Softbank
- 8.0%%
- Accel
- 6.3%%
- ESOPs Pool
- 5.1%%
- Others
- 48.9%
Strengths & Weaknesses
Strengths
- Growing Revenue: Swiggy’s revenue jumped 44% to 8.2k Cr in FY23
- Growing Core Business: Swiggy's revenue from the sale of traded goods increased by nearly 58% in FY23 compared to FY22, indicating significant business growth during the financial year.
- Increasing Valuation: Swiggy's valuation saw a significant increase in 2023, reaching $9.43 bn, which is approximately 80% higher than its 2021 valuation of $5.25 bn.
Weaknesses
- Growing Loss: The company’s loss widened by 15.2% in FY23 to 4,179 Cr
- Strong Competitor: Zomato positions itself as a strong competitor to Swiggy, boasting a larger network of partnered restaurants and experiencing lower losses in FY23.
About Swiggy Limited CCPS - Tranche II
Swiggy Limited, previously known as Bundl Technologies Private Limited, is a major force in India's food delivery industry
Board of Directors
- Mr. Anand Kripalu - Chairman
- Mr.Vivek Sunder - Chief Operating Officer & Managing Director
- Mr, Rahul Bothra - Chief Financial Officer
- Ms. Sonal Bhandari - Company Secretary
Senior Management
- Mr.Vivek Sunder - Chief Operating Officer & Managing Director
- Mr, Rahul Bothra - Chief Financial Officer
