Billionbrains Garage Ventures share price & results

Billionbrains Garage Ventures Limited· Financial Services

Results to: Sept 2026
Latest analysed call: Q2 FY27
Ownership as of: Sept 2026

Groww: online platform to invest in stocks, mutual funds, derivatives, commodities and credit.

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Guidance Hit Rate

18 targets · 50% hit rate 5 achieved · 8 active →

Segment Shift

Sector & Mix Compare sector growth & peers →

Reverse DCF

Implied Growth Test priced-in growth in DCF tool →

Concall & Tone

Q2 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹223.89 +8.04% · +₹16.66

Last close 5 Nov 2026 · NSE · INR · Source: Inve

Performance +70.5% 1Y

1Y: ₹131.33 on 12 Nov 2025 → ₹223.89. High ₹223.89 (5 Nov 2026), low ₹131.33 (12 Nov 2025).

Previous close: ₹207.23
Market cap: ₹1.3L Cr
52-week range: ₹131.33 – ₹223.89
One year: +70.48%
Price to earnings (TTM to Sept 2026): 46.77×
Return on equity (TTM to Sept 2026): 37.25%

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	1,502 ₹ crore	+47.4% YoY	Quarterly, as filed	Quarter to Sept 2026	Revenue from operations as filed.
Operating margin	64.0 %	+5.0 pts YoY	Operating profit / revenue	Quarter to Sept 2026	For the quarter; a change is in percentage points.
Net profit	725 ₹ crore	+53.9% YoY	Quarterly, as filed	Quarter to Sept 2026	Profit after tax as filed.
Return on equity	37.25 %	−21.1 ptsFY Mar 2026 vs FY Mar 2025	Trailing twelve months	TTM to Sept 2026	Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin	-0.71 %	+23.4 ptsFY Mar 2026 vs FY Mar 2025	Fiscal year	FY ending Mar 2026	(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)	54.74 %	−31.0 ptsFY Mar 2026 vs FY Mar 2025	Trailing twelve months	TTM to Sept 2026	Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

5 of 10 judged targets kept · 8 open · verdicts reflect calls analysed to Q2 FY27.

Target	Original wording	Said	Latest call	Verdict
Products Cost to Operate (Core Platform)	Expect cost to operate to continue as is with slight inflationary increase over coming quarters. Call transcript, Q1 FY27 · 15 Jul 2026	Q1 FY27	Q2 FY27:Management stated that 'overall, our cost to operate has remained flat quarter-on-quarter', which aligns with the guidance to 'continue as is with slight inflationary increase'. Call transcript, Q2 FY27 · 14 Oct 2026	Achieved
Products 915 Platform Contribution Data	Provide more data on the 915 platform's contribution in the next quarter. Call transcript, Q3 FY26 · 14 Jan 2026	Q3 FY26	Q2 FY27:The promise was time-bound to Q4 FY26 and was not discussed further. The commitment is considered closed. Call transcript, Q2 FY27 · 14 Oct 2026	Achieved*
Growth MTF Book Addition	Continue adding ~INR 600 crores to the MTF book every quarter. Call transcript, Q3 FY26 · 14 Jan 2026	Q3 FY26	Q2 FY27:Management revised the guidance upwards, stating they expect to add INR 600-700 crores to the MTF book quarterly, an increase from the previous guidance of ~INR 600 crores. The addition for Q2 was INR 600 crores. Call transcript, Q2 FY27 · 14 Oct 2026	Revised Up

Source: Inve Guidance Tracker for Billionbrains Garage Ventures Limited · to Q2 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

5 of Billionbrains Garage Ventures Limited's 18 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 15 more targets are in the full ledger.

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Supply chain

Cross-company call evidence

Named counterparties and similar headwinds disclosed on earnings calls.

Relationship Period Lifecycle

Counterparties named by Billionbrains Garage Ventures Limited

Billionbrains Garage Ventures Limited → acquires or invests in → Fisdom.

Q4 FY26 · Closed / completed · Positive · Counterparty named; listed-company identity not verified.
1. Proposed
2. Announced
3. Active
4. Completed / ended
Forayed into wealth management, helped launch three more products (Fisdom, W, Prime).

“We forayed into wealth management with Fisdom acquisition and this helped us launch three more products on the platform which is like Fisdom which is a bank partnership product, W which is wealth management for affluent and HNI customers on Groww, and Prime which is more for mass affluent customers on Groww.”

Disclosure indicates an acquisition or investment without specifying full buyout versus minority stake.

Evidence drawer

Evidence type: Transcript excerpt

“We forayed into wealth management with Fisdom acquisition and this helped us launch three more products on the platform which is like Fisdom which is a bank partnership product, W which is wealth management for affluent and HNI customers on Groww, and Prime which is more for mass affluent customers on Groww.”

Source company: Billionbrains Garage Ventures Limited · Counterparty: Fisdom · Call date: 2026-04-20 · Period: Q4 FY26 · Review status: Structured call extraction
Billionbrains Garage Ventures Limited → acquires or invests in → Fisdom.

Q3 FY26 · Closed / completed · Positive · Counterparty named; listed-company identity not verified.
1. Proposed
2. Announced
3. Active
4. Completed / ended
To consolidate wealth management offerings and build on existing Groww customers and erstwhile Fisdom business.

“On the wealth side, again, we just recently, October is when we consolidated the acquisition. ... So still, yes. So still a little early in the integration part, because this is a full-fledged business and we are integrating a lot of these pieces.”

Disclosure indicates an acquisition or investment without specifying full buyout versus minority stake.

Evidence drawer

Evidence type: Transcript excerpt

“On the wealth side, again, we just recently, October is when we consolidated the acquisition. ... So still, yes. So still a little early in the integration part, because this is a full-fledged business and we are integrating a lot of these pieces.”

Source company: Billionbrains Garage Ventures Limited · Counterparty: Fisdom · Call date: 2026-01-14 · Period: Q3 FY26 · Review status: Structured call extraction
Billionbrains Garage Ventures Limited → acquires or invests in → State Street (AMC Business).

Q3 FY26 · Announced · Positive · Counterparty named; listed-company identity not verified.
1. Proposed
2. Announced
3. Active
4. Completed / ended
To build capability, gain global practices and knowledge base, and provide global access for Indian and foreign investors for products.

“So on the investment that we are making in the asset management business, and especially the partnership with the State Street, see, we see that the asset management in general in India is a huge potential and the very, very high growth left in the next few decades. ... The cash which is coming in is coming through primary and secondary. We are also doing primary from our parent company in the asset management.”

Disclosure indicates an acquisition or investment without specifying full buyout versus minority stake.

Evidence drawer

Evidence type: Transcript excerpt

“So on the investment that we are making in the asset management business, and especially the partnership with the State Street, see, we see that the asset management in general in India is a huge potential and the very, very high growth left in the next few decades. ... The cash which is coming in is coming through primary and secondary. We are also doing primary from our parent company in the asset management.”

Source company: Billionbrains Garage Ventures Limited · Counterparty: State Street (AMC Business) · Call date: 2026-01-14 · Period: Q3 FY26 · Review status: Structured call extraction
Billionbrains Garage Ventures Limited → acquires or invests in → Fisdom.

Q2 FY26 · Closed / completed · Positive · Counterparty named; listed-company identity not verified.
1. Proposed
2. Announced
3. Active
4. Completed / ended
Consolidated in October to build out the wealth management piece, catering to existing Groww customers and affluent customers seeking these services.

“On the wealth side, again, we just recently, October is when we consolidated the acquisition.”

Disclosure indicates an acquisition or investment without specifying full buyout versus minority stake.

Evidence drawer

Evidence type: Transcript excerpt

“On the wealth side, again, we just recently, October is when we consolidated the acquisition.”

Source company: Billionbrains Garage Ventures Limited · Counterparty: Fisdom · Call date: 2026-01-14 · Period: Q2 FY26 · Review status: Structured call extraction
Billionbrains Garage Ventures Limited → acquires or invests in → State Street (AMC Business).

Q2 FY26 · Announced · Positive · Counterparty named; listed-company identity not verified.
1. Proposed
2. Announced
3. Active
4. Completed / ended
To build capability, leverage global practices, enhance credibility, and gain global access for Indian investors and foreign investors for products. Funds from the stake sale will be used to scale the AMC business and pursue inorganic opportunities.

“So we'll have to apply to SEBI with all these contours. Once they approve, then the final discussion points will come out from there.”

Disclosure indicates an acquisition or investment without specifying full buyout versus minority stake.

Evidence drawer

Evidence type: Transcript excerpt

“So we'll have to apply to SEBI with all these contours. Once they approve, then the final discussion points will come out from there.”

Source company: Billionbrains Garage Ventures Limited · Counterparty: State Street (AMC Business) · Call date: 2026-01-14 · Period: Q2 FY26 · Review status: Structured call extraction

Similar pressures reported by peers

Tailwind coverage is not available yet.

Similar commentary provides sector context; it does not establish a business relationship with Billionbrains Garage Ventures Limited. Each comparison matches a headwind disclosed by Billionbrains Garage Ventures Limited in the same calendar reporting quarter.

The final circular from SEBI regarding CAS is awaited, which will determine the exact…

Topic: Regulatory compliance · Regulatory policy · Q2 FY27

Billionbrains Garage Ventures Limited reported: The final circular from SEBI regarding CAS is awaited, which will determine the exact applicability date and potential impact on derivatives trading, though management expects normalization.

Reporting period ended 2026-09-30

41 other companies · Regulatory policy

HDFC Bank (HDFCBANK) reported (period ended 2026-09-30): LCR at 113% is close to the regulatory minimum of 100% and the bank's target range of 110-120%, potentially limiting aggressive loan growth without further deposit mobilization.
ICICI Bank (ICICIBANK) reported (period ended 2026-09-30): The bank continues to hold an additional standard asset provision of ₹1,283 crore mandated by the RBI pending completion and regulatory clearance of the remediation review.
Bajaj Finance Limited (BAJFINANCE) reported (period ended 2026-09-30): Potential transient impact on AUM and NIM if RBI implements a complete ban on revolver loans; company is launching new term loan variants and awaiting final regulations on insurance norms.
Kotak Mahindra Bank Limited (KOTAKBANK) reported (period ended 2026-09-30): The one-time impact is expected to be under 2% of net worth on April 1. The recurring +12-15 bps credit cost guidance awaits regulatory clarity, expected during Q3.

Evidence drawer

Evidence type: Summary paraphrase

The final circular from SEBI regarding CAS is awaited, which will determine the exact applicability date and potential impact on derivatives trading, though management expects normalization.

Source company: Billionbrains Garage Ventures Limited · Reporting period ended 2026-09-30 · Calendar quarter: Q2 FY27 · Distinct companies matched: 41

Similar commentary provides sector context; it does not establish a business relationship.

Mentions over time

First observed: Q3 2025 · Latest observed: Q1 2026

Recorded disclosures by calendar reporting quarter
Period	Other calls	Own calls
Q1 2026	0	1
Q4 2025	0	2
Q3 2025	0	2

Counts reflect the calls covered here. No mention in a period does not establish that a relationship ended.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

GROWW ₹223.89 +8.04%

Guidance Verdict (18 tracked) 5 kept · 8 open· 5 missed

AI Call Brief · Q2 FY27

Billionbrains Garage Ventures Limited Q2 FY27

Overview

Symbol: NSE:GROWW
Sector: Financial Services
Exchange: NSE
Currency: INR

What Billionbrains Garage Ventures Limited does

Based on the company's own presentations, annual report and earnings calls.

Billionbrains Garage Ventures, which operates the Groww platform, is a digital financial-services company that lets retail users invest and trade through an app and website. It earns from broking (stocks, equity and commodity derivatives, margin trading), distribution of mutual funds, its own asset-management arm, and a consumer-credit business run both by distributing partner-bank/NBFC products and by lending select products on its own balance sheet. It has expanded into wealth management via the acquired Fisdom business and into asset management via Groww Mutual Fund.

Segments

Broking
Consumer Credit / Lending
Asset Management
Wealth Management

Total transacting users: 21.6 million
Active users: 16.7 million
Commodity derivatives active users: 393,000
Daily orders (Q3 FY26): 5.4 million derivatives, 2.3 million stocks
Products offered: Stocks, mutual funds/SIPs, equity & commodity derivatives, MTF, IPO, loans against securities, personal loans
Wealth management arm: Fisdom, acquired October 2025

Founded 2018Headquarters Bangalore, Karnataka, India Company website

How the price took the results

Moved an average of ±2.2% across the last 4 priced result releases

Close before → close after

Quarter	Release	Revenue (₹ Cr)	Net profit (₹ Cr)	Rev YoY	Before → After	Reaction
Q2 FY27	14 Oct 26	1,502	725	+47.4%	₹193.81 → ₹192.52	−0.7%
Q1 FY27	15 Jul 26	1,501	735	+66.0%	₹203.79 → ₹216.33	+6.2%
Q4 FY26	20 Apr 26	1,505	686	+87.9%	₹198.34 → ₹196.11	−1.1%
Q3 FY26	14 Jan 26	1,216	547	+24.7%	₹162.69 → ₹164.34	+1.0%

The move from the last close before each results date to the first close on or after it — the market's first read on the quarter alongside what was filed.

Guidance

What management said, and what became of it

5 of 10 judged targets kept · 8 open · verdicts reflect calls analysed to Q2 FY27.

Target	Original wording	Said	Latest call	Verdict
Products Cost to Operate (Core Platform)	Expect cost to operate to continue as is with slight inflationary increase over coming quarters. Call transcript, Q1 FY27 · 15 Jul 2026	Q1 FY27	Q2 FY27:Management stated that 'overall, our cost to operate has remained flat quarter-on-quarter', which aligns with the guidance to 'continue as is with slight inflationary increase'. Call transcript, Q2 FY27 · 14 Oct 2026	Achieved
Products 915 Platform Contribution Data	Provide more data on the 915 platform's contribution in the next quarter. Call transcript, Q3 FY26 · 14 Jan 2026	Q3 FY26	Q2 FY27:The promise was time-bound to Q4 FY26 and was not discussed further. The commitment is considered closed. Call transcript, Q2 FY27 · 14 Oct 2026	Achieved*
Growth MTF Book Addition	Continue adding ~INR 600 crores to the MTF book every quarter. Call transcript, Q3 FY26 · 14 Jan 2026	Q3 FY26	Q2 FY27:Management revised the guidance upwards, stating they expect to add INR 600-700 crores to the MTF book quarterly, an increase from the previous guidance of ~INR 600 crores. The addition for Q2 was INR 600 crores. Call transcript, Q2 FY27 · 14 Oct 2026	Revised Up

Source: Inve Guidance Tracker for Billionbrains Garage Ventures Limited · to Q2 FY27

The full ledger

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Browse the register

Latest analysed call: Q2 FY27, 14 Oct 2026. 4 calls analysed.

Call summaries

Q2 FY27 — 14 Oct 2026

Billionbrains Garage Ventures Limited Q2 FY27

Billionbrains Garage Ventures Limited (Groww) reported a dynamic Q2 FY27, marked by strong growth in its Margin Trade Funding (MTF) book and wealth management user base. While Cost to Grow decreased due to the absence of IPL branding costs, Cost to Serve saw a one-time hit of INR 10-13 crores and increased AI-related expenses. The company is actively investing in AI for product enhancement and efficiency, while navigating regulatory uncertainties around SEBI's CAS and UPI MDR, expecting minimal long-term impact on its core business.

Read the full call

Q1 FY27 — 15 Jul 2026

Billionbrains Garage Ventures Limited Q1 FY27

Billionbrains Garage Ventures Limited (Groww) reported a quarter focused on strategic product expansion and user experience, marking its 10-year milestone. While core financial metrics like cash revenue and MTF yields showed positive trends, customer acquisition costs rose due to IPL marketing. The company continues to build out its multi-product platform, with new offerings like bonds scaling well and US stocks expected to launch soon, despite some softness in derivatives and DAU trends.

Read the full call

Q4 FY26 — 20 Apr 2026

Billionbrains Garage Ventures Limited Q4 FY26

Billionbrains Garage Ventures Limited (Groww) reported a strong Q4 FY26, with AUM growing 2.5x and equity options market share increasing from 9.1% to 10.6%. The company saw a significant rise in transacting customers from 1.4 million to 1.7 million quarterly. Groww continues to invest in wealth management, new product launches, and AI initiatives, though specific revenue figures for Fisdom and AMC businesses were not disclosed. Management acknowledged macroeconomic headwinds and regulatory uncertainties in algo trading but remains optimistic about long-term market penetration and margin expan

Read the full call

Summaries of each call, in Inve’s own words; the transcript is not reproduced. Not investment advice.

Every analysed call

Billionbrains Garage Ventures Limited earnings calls (GROWW)

Fundamentals

Ratios, each with its period

Current values with the period they cover; the trend reads across the 5 fiscal years held (Mar 2022 to Mar 2026).

Trailing twelve months
47.99% TTM to Sept 2026
Fiscal year
37.32% FY ending Mar 2026

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-8.66% 16.46% 24.44% 62.58% 37.32%

How it is calculated. Adjusted EBIT ÷ average capital employed, including minority equity and deposits.
Trailing twelve months
37.25% TTM to Sept 2026
Fiscal year
28.80% FY ending Mar 2026

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-8.83% 15.12% 26.58% 49.90% 28.80%

How it is calculated. Adjusted profit attributable to owners ÷ average owners’ equity.
Trailing twelve months
18.84% TTM to Sept 2026
Fiscal year
14.57% FY ending Mar 2026

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-5.98% 10.27% 11.98% 20.16% 14.57%

How it is calculated. Total profit excluding exceptional items after tax ÷ average total assets.
Trailing twelve months
62.82% TTM to Sept 2026
Fiscal year
59.07% FY ending Mar 2026

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-54.57% 34.94% 26.59% 62.30% 59.07%

How it is calculated. Operating profit ÷ revenue.
Trailing twelve months
47.05% TTM to Sept 2026
Fiscal year
44.84% FY ending Mar 2026

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-55.97% 39.58% 27.49% 44.92% 44.84%

How it is calculated. Total profit excluding exceptional items after tax ÷ revenue.
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-83.61% 47.02% 31.42% -24.08% -0.71%

How it is calculated. (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
— 119.65% — -52.74% -1.01%

How it is calculated. Operating cash flow ÷ reported total net profit.
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1.87% 0.96% 0.25% 0.39% 0.26%

How it is calculated. Fixed-asset purchases ÷ revenue.
Trailing twelve months
54.74% TTM to Sept 2026
Fiscal year
14.38% FY ending Mar 2026

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
— 167.45% 144.66% 45.35% 14.38%

How it is calculated. Revenue change against the same period one year earlier.
Trailing twelve months
40.68% TTM to Sept 2026
Fiscal year
14.20% FY ending Mar 2026

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
— — 69.70% 137.80% 14.20%

How it is calculated. Adjusted profit attributable to owners vs the same period one year earlier.
Trailing twelve months
44.53% TTM to Sept 2026
Fiscal year
8.46% FY ending Mar 2026

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
— — 86.22% 240.51% 8.46%

How it is calculated. Operating profit vs the same period one year earlier.
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0.00× 0.02× 0.04× 0.13× 0.03×

How it is calculated. Borrowings ÷ owners’ equity.
Trailing twelve months
122.90× TTM to Sept 2026
Fiscal year
62.33× FY ending Mar 2026

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
— 249.88× 181.42× 58.30× 62.33×

How it is calculated. Adjusted EBIT ÷ interest expense.
Trailing twelve months
0.40× TTM to Sept 2026
Fiscal year
0.32× FY ending Mar 2026

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0.11× 0.26× 0.44× 0.45× 0.32×

How it is calculated. Revenue ÷ average total assets.
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
₹-565.00 Cr ₹-1,586.00 Cr ₹-3,591.00 Cr ₹-3,646.00 Cr ₹-8,047.00 Cr

How it is calculated. Borrowings less cash equivalents.
Trailing twelve months
-2.14× TTM to Sept 2026
Fiscal year
-2.76× FY ending Mar 2026

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
— -3.10× -4.82× -1.44× -2.76×

How it is calculated. (Borrowings − cash equivalents) ÷ adjusted EBITDA.
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1.48× 1.35× 2.57× 1.88× 1.48×

How it is calculated. Average total assets ÷ closing owners’ equity.
Trailing twelve months
46.77× TTM to Sept 2026
Fiscal year
60.49× FY ending Mar 2026

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
— — — — —

How it is calculated. Current market cap ÷ adjusted profit attributable to owners for the selected income period. Uses current market cap, not the share price at the period end.
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
— — — — —

How it is calculated. Market cap ÷ owners’ equity from the balance sheet selected for the TTM inputs. Uses current market cap, not the share price at the period end.
Trailing twelve months
31.40× TTM to Sept 2026
Fiscal year
40.46× FY ending Mar 2026

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
— — — — —

How it is calculated. (Market cap + borrowings + deposits − cash equivalents) ÷ adjusted EBITDA. Uses current market cap, not the share price at the period end.
Trailing twelve months
3.13% TTM to Sept 2026
Fiscal year
2.43% FY ending Mar 2026

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
— — — — —

How it is calculated. Adjusted EBIT ÷ enterprise value. Uses current market cap, not the share price at the period end.
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
12.00 days 12.00 days 9.00 days 9.00 days 22.00 days

How it is calculated. Reported receivable days from the annual accounts.
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
12.00 days 12.00 days 9.00 days 9.00 days 22.00 days

How it is calculated. Reported debtor days plus inventory days less payable days.
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
— -2.00 days -434.00 days -162.00 days -257.00 days

How it is calculated. Reported net working capital days from the annual accounts.
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0.00% 0.00% 0.00% 0.00% 0.00%

How it is calculated. Reported dividend payout as a percentage of annual profit.
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
— — — — —

How it is calculated. Market capitalisation from the current stock record.

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
-8.66%	16.46%	24.44%	62.58%	37.32%

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
-8.83%	15.12%	26.58%	49.90%	28.80%

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
-5.98%	10.27%	11.98%	20.16%	14.57%

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
-54.57%	34.94%	26.59%	62.30%	59.07%

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
-55.97%	39.58%	27.49%	44.92%	44.84%

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
-83.61%	47.02%	31.42%	-24.08%	-0.71%

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
—	119.65%	—	-52.74%	-1.01%

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
1.87%	0.96%	0.25%	0.39%	0.26%

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
—	167.45%	144.66%	45.35%	14.38%

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
—	—	69.70%	137.80%	14.20%

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
—	—	86.22%	240.51%	8.46%

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
0.00×	0.02×	0.04×	0.13×	0.03×

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
—	249.88×	181.42×	58.30×	62.33×

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
0.11×	0.26×	0.44×	0.45×	0.32×

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
₹-565.00 Cr	₹-1,586.00 Cr	₹-3,591.00 Cr	₹-3,646.00 Cr	₹-8,047.00 Cr

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
—	-3.10×	-4.82×	-1.44×	-2.76×

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
1.48×	1.35×	2.57×	1.88×	1.48×

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
—	—	—	—	—

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
—	—	—	—	—

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
—	—	—	—	—

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
—	—	—	—	—

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
12.00 days	12.00 days	9.00 days	9.00 days	22.00 days

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
12.00 days	12.00 days	9.00 days	9.00 days	22.00 days

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
—	-2.00 days	-434.00 days	-162.00 days	-257.00 days

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
0.00%	0.00%	0.00%	0.00%	0.00%

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
—	—	—	—	—

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Financials

What the filings say

Net profit, year on year: +54% (quarter to sept 2026 against sept 2025).

Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026	Sept 2026
975	801	904	1,019	1,216	1,505	1,501	1,502
-40	413	422	415	496	567	531	534
1,014	388	483	603	720	938	970	968
104.0%	48.0%	53.0%	59.0%	59.0%	62.0%	65.0%	64.0%
30	49	44	52	45	30	47	39
16	16	16	11	10	8	7	5
7	7	7	7	9	24	18	18
1,022	414	503	638	745	936	992	984
26.0%	25.0%	25.0%	26.0%	27.0%	27.0%	26.0%	26.0%
757	309	378	471	547	686	735	725
4.14	1.69	1.81	0.79	0.89	1.09	1.17	1.16

Source: Inve data · income statement, quarterly · to Sept 2026

Line item	Mar 2026
	4,644
	1,900
	2,744
	171
	45
	47
	2,822
	2,082

Source: Inve data · income statement, annual · to Mar 2026

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sept 2025	Mar 2026
0	21	21	366	1,198	1,248
2,706	3,252	2,478	4,446	6,158	8,404
0	75	91	610	367	292
1,291	1,460	5,428	4,654	5,954	8,567
3,997	4,808	8,018	10,076	13,677	18,511
286	321	396	402	1,561	1,492
0	0	0	0	1,340	0
280	1,252	1,448	1,907	1,298	2,638
3,431	3,235	6,174	7,768	9,477	14,381
3,997	4,808	8,018	10,076	13,677	18,511

Source: Inve data · balance sheet · to Mar 2026

Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
12	12	9	9	22
12	12	9	9	22
-961	-2	-434	-162	-257
—	16.0%	24.0%	63.0%	37.0%
0.0%	0.0%	0.0%	0.0%	0.0%

Source: Inve data · annual ratios · to Mar 2026

Ownership

Who owns it

Public hold 48.23% as of Sept 2026; institutions added 6.66 pts since Jun 2026.

Promoters 0.00 pts 27.14%
Foreign institutions +4.01 pts 10.90%
Domestic institutions +2.65 pts 12.73%
Public −6.55 pts 48.23%
Others −0.11 pts 1.00%

8,61,003 shareholders on the register.

Source: Exchange shareholding filings · to Sept 2026 · 4 filings held

Who was buying across the market this quarter

Who bought this quarter

since Jun 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

Mutual fund newly disclosed 1.89% held

The same filing shows 9 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Sep 2026 filing

Every holder of Billionbrains Garage Ventures Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.

Holder	Stake	Change
	14.22%	−1.46 pp
	8.58%	unchanged
	7.44%	−1.19 pp
	6.23%	unchanged
	5.78%	unchanged
	4.63%	−1.01 pp
	4.10%	unchanged
	3.66%	−0.80 pp
	3.27%	−0.42 pp
Mutual fund	1.99%	−0.19 pp
Mutual fund	1.89%	newly disclosed
	1.32%	−0.14 pp

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in GROWW

Filings to Sep 2026

2 new, 6 added, 1 trimmed, 0 sold out — net +219.45 L shares (+27.0%).

Held by funds: ₹1.9k Cr; 20 schemes
Biggest holder: Nippon India Small Cap Fund; ₹304 Cr · 0.4% of that fund

Scheme	Holding	Last month	Held since
Nippon India Small Cap Fund Nippon India Mutual Fund	₹304 Cr	held	Jun '26
SBI ELSS Tax Saver Fund SBI Mutual Fund	₹276 Cr	new	Sep '26
SBI Midcap Fund SBI Mutual Fund	₹256 Cr	held	May '26
Nippon India Multi Cap Fund Nippon India Mutual Fund	₹204 Cr	held	Aug '26
HDFC Balanced Advantage Fund HDFC Mutual Fund	₹203 Cr	held	Nov '25
HDFC Mid Cap Fund HDFC Mutual Fund	₹187 Cr	held	Nov '25
HDFC Large Cap Fund HDFC Mutual Fund	₹106 Cr	held	Nov '25
SBI Banking And Financial Services Fund SBI Mutual Fund	₹83 Cr	new	Sep '26

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Sep 2026

6 added, 1 trimmed — net +2.19 cr shares (+27.0%)

Funds are sitting on: +24%; vs est. average cost
Held by funds: ₹1.9k Cr; 20 schemes · ≈ 1.8% of the company
Biggest holder: Nippon India Small Cap Fund; ₹304 Cr · 0.4% of that fund
Longest holder: HDFC Balanced Advantage Fund; 11 mo · since Nov '25

Shares held by these funds +38%

Nov '25 10.31 cr shares Sep '26

Your own record

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Quick Answers

Frequently asked questions on Billionbrains Garage Ventures Limited

Compiled directly from GROWW's filed financial statements, earnings call transcripts, and ownership disclosures.

How did Billionbrains Garage Ventures Limited (GROWW) perform in its latest reported quarter (Sept 2026)?

For the quarter ended Sept 2026, Billionbrains Garage Ventures Limited reported revenue of ₹1.5k Cr, net profit of ₹725 Cr, an operating margin of 64.0%. Diluted earnings per share stood at ₹1.16.

How is Billionbrains Garage Ventures Limited (GROWW) valued today, and what growth does the stock price imply?

Billionbrains Garage Ventures Limited (GROWW) trades at ₹223.89, with a market capitalization of ₹126.0k Cr.

Who owns Billionbrains Garage Ventures Limited (GROWW) — promoters, FIIs, DIIs, and mutual funds?

As of Sept 2026, Promoters hold 27.1%, FIIs hold 10.9%, DIIs hold 12.7%, Public shareholders hold 48.2%.

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