PhysicsWallah Limited (“PW”) is one of India’s fastest-growing education technology companies, offering online, offline, and hybrid learning solutions for competitive and board exam preparation. The company earns revenue mainly from teaching/coaching services, sale of books and tablets, hostel and transport income, and advertising on its digital platforms. Its learning ecosystem caters to JEE, NEET, UPSC, and K-12 students through platforms like PW App, PW Vidyapeeth, and PW Pathshala

The Company is led by Promoter, i.e., ALAKH PANDEY AND PRATEEK BOOB.

The Revenues from operations for the Period ended on June 30 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were â‚¹ 9,054.11 Million, ₹  30,390.89 Million, â‚¹  20,153.48 Million, and ₹  7,725.44 Million, The EBITDA for the Period ended on June 30, 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were â‚¹ -212.21 Million, ₹  1,931.95 Million, â‚¹  -8,293.46 Million, and ₹ 138.58 Million, The Profit after Tax for the Period ended on June 30, 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were â‚¹ -1,270.09 Million, ₹  -2,432.58 Million, â‚¹  -11,311.30 Million, and ₹  -840.75  Million, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of â‚¹  -0.86 and post-issue EPS of ₹ -0.84 for FY25. The pre-issue P/E ratio is  -126.74x, while the post-issue P/E ratio is - 129.60x against the Industry P/E ratio is NA. The company's ROE for FY25 is NA and RoNW is -12.50%. The Annualised EPS is ₹ -1.76x and P/E is -62.06x. These metrics suggest that the IPO is Fully priced.

The Grey Market Premium (GMP) of PhysicsWallah showing listing gains of 0 %.Given the company's financial performance and the valuation of the IPO, we recommend  Investors to Avoid to the PhysicsWallah Limited IPO for Listing gain or Long Term Purposes.