GROWW
Billionbrains Garage Ventures share price & financials
- Price
- ₹208.3
- Market cap
- ₹1.3L Cr
- Sector
- Financial Services
- Calls analysed
- 4
Billionbrains Garage Ventures Limited Q1 FY27
What went well
- Completed 10 years of operations, focusing on democratizing wealth in India.
- Consistent strategy of improving user experience and launching new products (MF, stocks, derivatives, MTF, commodities, bonds).
- Achieved over 28% retail market share in commodities in terms of notional ADTO.
What to watch
- Softness observed in active derivatives customers in Q1 FY27, attributed to Q4 FY26 anomaly and war.
- MTF growth impacted by market volatility at the end of Q4 FY26 and early Q1 FY27.
What Billionbrains Garage Ventures Limited does
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
Guidance record · Q1 FY27
what the last two calls moved 14 tracked 4 delivered 3 missed 7 open- MTF Book Addition delivered said Q3 FY26 Promised: Continue adding ~INR 600 crores to the MTF book every quarter. Q1 FY27: The MTF book addition for the quarter was INR 650 crores, exceeding the guided run-rate of ~INR 600 crores.
- 915 Platform Contribution Data delivered, diluted said Q3 FY26 Promised: Provide more data on the 915 platform's contribution in the next quarter. Q1 FY27: The promise was time-bound to Q4 FY26 and was not discussed further. The commitment is considered closed.
- Dividend Payout on track said Q3 FY26 Promised: Not expecting to give dividend in the near future. Q1 FY27: No dividend was announced or paid in Q1 FY27, consistent with the company's stated intention to reinvest for growth.
All 14 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 53.0%, net profit up 81.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 802 | 676 | 544 | 623 | 688 −14% | 785 +16% | 963 +77% | 953 +53% |
| EBITDA | 412 | 876 | 291 | 357 | 423 +3% | 505 −42% | 651 +124% | 652 +83% |
| Net profit | 330 | 677 | 251 | 306 | 354 +7% | 428 −37% | 541 +116% | 555 +81% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +28.9% YTD
YTD: ₹155.3 on 1 Jan 2026 → ₹200.24. High ₹221.56 (5 May 2026), low ₹149.22 (9 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +6.2%
- 15 Jul
- Q4 FY26
- −1.1%
- 20 Apr
- Q3 FY26
- +1.0%
- 14 Jan
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
| Year ending | FY26 |
|---|---|
| Revenue | ₹3.1k Cr |
| Operating profit | ₹1.9k Cr |
| Operating margin | 63.3% |
| Interest | ₹2 Cr |
| Depreciation | ₹26 Cr |
| Net profit | ₹1.6k Cr |
| Net margin | 53.3% |
| ROCE | 35.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹21 Cr | ₹21 Cr | ₹1.2k Cr | ₹1.2k Cr |
| Reserves | ₹2.5k Cr | ₹3.0k Cr | ₹2.0k Cr | ₹6.2k Cr | ₹7.1k Cr |
| Borrowings | ₹0 Cr | ₹73 Cr | ₹64 Cr | ₹367 Cr | ₹46 Cr |
| Other liabilities | ₹139 Cr | ₹131 Cr | ₹2.3k Cr | ₹6.0k Cr | ₹548 Cr |
| Total liabilities | ₹2.6k Cr | ₹3.2k Cr | ₹4.4k Cr | ₹13.7k Cr | ₹9.0k Cr |
| Fixed assets | ₹9 Cr | ₹41 Cr | ₹29 Cr | ₹1.6k Cr | ₹64 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1.3k Cr | ₹0 Cr |
| Investments | ₹852 Cr | ₹1.8k Cr | ₹2.2k Cr | ₹1.3k Cr | ₹4.4k Cr |
| Other assets | ₹1.7k Cr | ₹1.4k Cr | ₹2.1k Cr | ₹9.5k Cr | ₹4.5k Cr |
| Total assets | ₹2.6k Cr | ₹3.2k Cr | ₹4.4k Cr | ₹13.7k Cr | ₹9.0k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Dec 2025, the public trimmed −9.35 pp while DIIs added +5.16 pp.
- Promoters
- 27.1%
- FIIs
- 6.9%
- DIIs
- 10.1%
- Public
- 54.8%
- Others
- 1.1%
Since Dec 2025
- Public −9.35 pp
- DIIs +5.16 pp
- FIIs +3.76 pp
How it drifted, 3 quarters
Over this window the public fell from 64.1% to 54.8% — −9.3 pp.
Ownership split by quarter, oldest first. Dec '25: Promoters 27.8%, FIIs 3.1%, DIIs 4.9%, Public 64.1%.Mar '26: Promoters 27.4%, FIIs 2.5%, DIIs 5.9%, Public 62.9%, Others 1.3%.Jun '26: Promoters 27.1%, FIIs 6.9%, DIIs 10.1%, Public 54.8%, Others 1.1%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Billionbrains Garage Ventures Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Peak XV Partners Investments VI-1 | 15.68% | −1.20 pp |
| YC Holdings II, LLC | 8.63% | −1.45 pp |
| Lalit Keshre | 8.58% | unchanged |
| Harsh Jain | 6.23% | unchanged |
| Neeraj Singh | 5.78% | unchanged |
| Ribbit Capital V L.P. | 5.64% | −1.26 pp |
| Ribbit Cayman GW Holdings V, Ltd. | 4.46% | −1.00 pp |
| Ishan Bansal | 4.10% | unchanged |
| Internet Fund VI Pte. Ltd. | 3.69% | −1.39 pp |
| Motilal Oswal Midcap Fund Mutual fund | 2.18% | −0.13 pp |
| Viggo Investment Pte. Ltd. | 1.61% | −0.54 pp |
| ISP VII-B Blocker GW, Ltd. | 1.53% | unchanged |
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 Aug 2026
2 new, 7 added, 1 trimmed, 1 sold out — net +123.91 L shares (+23.5%).
- Held by funds
- ₹1.3k Cr
- 15 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹317 Cr · 0.4% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹317 Cr | +0.48 L | Jun '26 |
| SBI Midcap Fund SBI Mutual Fund | ₹267 Cr | held | May '26 |
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹214 Cr | held | Nov '25 |
| Nippon India Multi Cap Fund Nippon India Mutual Fund | ₹213 Cr | new | Aug '26 |
| HDFC Large Cap Fund HDFC Mutual Fund | ₹112 Cr | held | Nov '25 |
| SBI Innovative Opportunities Fund SBI Mutual Fund | ₹45 Cr | held | May '26 |
| Nippon India Innovation Fund Nippon India Mutual Fund | ₹31 Cr | +14.00 L | Jul '26 |
| Nippon India Consumption Fund Nippon India Mutual Fund | ₹15 Cr | new | Aug '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 Aug 2026
7 added, 1 trimmed — net +1.24 cr shares (+23.5%)
- Funds are sitting on
- +13%
- vs est. average cost
- Held by funds
- ₹1.3k Cr
- 15 schemes · ≈ 1.0% of the company
- Biggest holder
- Nippon India Small Cap Fund
- ₹317 Cr · 0.4% of that fund
- Longest holder
- HDFC Balanced Advantage Fund
- 9 mo · since Nov '25
Shares held by these funds −18%
Nov '25 5.28 cr shares Jul '26
All earnings calls (3)
Read the Q1 FY27 call →Learn to analyse Billionbrains Garage Ventures Limited
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