• Groww Growth

Groww Revenue Growth

Growth in %

  • 783.56%

    1 Year

  • 2100.43%

    2 Year

  • 1006.78%

    5 Year

Since the company was in the mutual fund distribution business during this time, revenue growth from 2017 to 2020 remained flat. Due to the low-interest rate environment and the company's introduction of the stock trading industry through its application in the first half of 2020, revenue began to increase in FY20, with further growth occurring in FY21. The majority of new millennial first-time investors opened their accounts with discount brokers, and as a result of their involvement in the market, the company was better able to make significant brokerage commissions, which greatly increased revenues. The active number of clients of Groww has increased from 38.4 Lakhs in October 2022 to 50.6 Lakhs in November 2022 making it the second broker in the country just behind Zerodha who has 66.0 Lakhs, active clients, in November 2022.   


Groww Net Profit Growth(PAT)

Growth in %

  • 160.92%

    1 Year

  • 207.10%

    3 Year

  • 112.15%

    5 Year

The company operates most of its business through mobile applications and most of its expenses are in the development of software, talent acquisition, and marketing & advertisement. The resources which went into the development of the application are already expensed out all these years and the current expenses are majorly on maintaining it. The technology expense has increased by 7x y-o-y and reached ~ 140 cr in FY22. the company has also recorded a huge chunk of miscellaneous expenses, ~Rs. 77 cr in FY22 as compared to Rs. 10.5cr  in FY21. Operating leverage is playing well for the company and therefore with an increase in revenue profitability of the company is also increasing.    

Groww EPS Growth

Growth in %

  • -81.03%

    1 Year

  • 25.16%

    3 Year

  • -13.47%

    5 Year

The company is a debt-free company and is financing its business by issuing equity and preferential shares to investors which has increased its number of shares therefore the EPS of the company has reduced significantly 

  • Groww Book Value Growth

Growth in %

  • 46.22%

    1 Year

  • 183.20%

    2 Year

  • 30.55%

    4 Year

The company does not give out any dividends and is retaining most of its profit as reserves and surplus hence the book value of the company has been increasing. The company raised a fund of Rs 246.7 Cr on 01/12/2021 by issuing 32.8 lakhs Compulsory Convertible Preferential Stock (CCPS) which increased the total equity of the company and hence the book value.

Groww EBITDA Growth

Growth in %

  • 594.93%

    1 Year

  • 363.34%

    3 Year

  • 127.18%

    5 Year

The EBITDA of the company has increased mainly on account of increasing revenues 

Groww Operating Profit Growth

Growth in %

  • 1097.44%

    1 Year

  • 241.20%

    3 Year

  • 125.98%

    5 Year

The company has an asset-light business and therefore depreciation and amortization of the company is negligible and due to this EBITDA and EBIT have increased in the same range

Groww Asset Growth

Growth in %

  • 214.45%

    1 Year

  • 698.89%

    3 Year

  • 293.81%

    5 Year

The company mainly has its assets as financial assets like cash in the current account, investments in the fixed deposit, and trade receivables which have been on the rise due to the company doing really well in the business. The cash in hand of the company has increased from Rs 69.8 Cr in FY21 to Rs 84.6 Cr in FY22 and bank balances other than cash in hand have increased significantly from Rs 435.9 Cr in FY21 to Rs 1638.8 Cr in FY22. The trade receivables of the company have increased from Rs 3.1 Cr in FY21 to Rs 13.6 Cr in FY22     

Groww Cash Flow from Operations

Growth in %

  • -43.02%

    1 Year

  • -188.43%

    2 Year

  • -559.24%

    5 Year

Due to the nature of the business of the company, the company has to keep cash in the bank and in the bank fixed deposit as collateral against securities. This fixed deposit with the banks have increased significantly from Rs 435.9 Cr in FY21 to Rs 1,638.8 Cr. This restricted cash increases as per the business of the company and due to this cash flow from operations has decreased 

  • Groww Solvency Ratios

The company is a debt-free and cash-rich company. It does not hold any inventory due to the nature of its business. Therefore it has very good solvency ratios which can easily take care of any of its short-term obligations.  

Groww D/E Ratio

Groww Current Ratio

The company started its stock trading business in 2020, before this, the company was in the business of distributing mutual funds. Back then it did not have its trade payables. After 2020, its trade payables have increased significantly bringing down the current ratio. The trade payables in FY20 was Rs 39.9 Cr and in FY22 was at Rs 1273.6 Cr

Groww Quick Ratio

Groww Interest Coverage Ratio

  • Groww Operating Efficiency

The profits of the company have increased after 2020, most of the revenues have come from commissions and fees of trading stocks and a small amount from the interest of fixed deposits with the bank, both these revenue stream impacts the profitability of the company. The EBIT, PBT, and PAT margin are taken as a percentage of interest income which is comparably smaller than commissions and fees income and therefore there is a decrease in EBIT, PBT, and PAT margin

Groww Operating Profit EBIT Margin(OPM)

Groww Profit Before Tax Margin (PBT Margin)

Groww Profit After Tax Margin (PAT Margin)

  • Groww Profitablity Ratio

Groww Return on Equity(RoE)

Return on Equity in FY22 has decreased due to a decrease in the Net Profit Margin. The decrease in net profit margin happened primarily due to an increase in employee cost, expenditure on advertisement and technology cost 

Groww Return to Assets (RoA)

With the increasing sales, the assets of the company have also increased, and therefore the reduction in the return on assets of the company 

  • Groww Valuation Ratios

Groww Earning Yield

  • Groww NBFC's Ratios

Groww Tangibe Book Value