Swiggy Limited CCPS - Tranche II

Platform	Last Traded Price	Min Quantity

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.

Balance Sheet	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

Profit & Loss
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 %

Shareholding Pattern

Color	Shareholder	Holding
	Prosus	31.70%
	Softbank	8.00%
	Accel	6.30%
	ESOPs Pool	5.10%
	Others	48.90%

Fundamentals

Quick Insights

Growing Revenue: Swiggy’s revenue jumped 44% to 8.2k Cr in FY23 <br> 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. <br> 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.

Market Cap₹72,292 Cr

PE Ratio-31.87

EPS₹-10.7

Dividend Yield-

Book Value₹39.4 Cr

Debt/Equity0.027

Price/Book8.65

Price/Sales-

Industry PE-

Sales₹11,247.39 Cr

Profit After Tax₹-23,502,400,000 Cr

Share Capital₹15,576.27 Cr

Shares Outstanding-

ISINSWIGGYCCPS-SERIESA-K

SectorFood Delivery

Symbol-

About Company

Swiggy Limited, previously known as Bundl Technologies Private Limited, is a major force in India's food delivery industry