Billionbrains Garage Ventures Ltd.
Banking · NSE
52-week range
₹112 – ₹227
From 52w high
-9.9%
RSI (14)
53.0
vs SMA 50 / 200
↑ 50 · ↓ 200
GROWW (Billionbrains Garage Ventures Ltd), the fintech broking platform, trades at ₹204.59 — up 21.17% over 3 months and 9.95% below its 52-week high — with a trailing PE of 60.13, forward PE of 32.60, and reported profit margin of 43.67%. The company has generated no free cash flow in any recorded year despite strong accrual profitability metrics, and its debt-to-equity of 3.03 sits well above its banking-sector peers on a quality-adjusted basis. Price history covers only 121 bars, limiting the depth of technical and trend analysis available.
- ✓Trailing ROE of 28.72% ranks 1st among the 6-stock peer group, exceeding HDFC Bank (13.82%), Axis Bank (13.15%), and Bajaj Finance (17.91%).
- ✓Quality score of 64 ranks 1st in the peer group (next best: Bajaj Finance at 51), reflecting a relative edge on composite fundamental quality metrics within this comparison set.
- ✓5-year revenue growth of 83.5% and 5-year earnings growth of 111.8% indicate rapid scaling from a small base, consistent with the growth phase of a recently listed fintech platform.
- ✓News flow over the recent period is uniformly positive across 8 articles: 6 positive, 2 neutral, 0 negative — covering Q4 profit surge and initiation of coverage by Bank of America.
- ✗Free cash flow has been negative or zero in every recorded year (FCF-positive years = 0), meaning reported earnings have not yet translated into cash surplus — a structural concern for capital adequacy and dividend capacity.
- ✗ROE consistency score of 20/100, with only 1 year above 15%, signals that the current 28.72% ROE does not yet reflect a demonstrated multi-year track record of capital efficiency.
- ✗Trailing PE of 60.13 is the highest in the peer group — approximately 2x Bajaj Finance (31.3x) and 4x Axis Bank (15.0x) — embedding a substantial earnings-growth assumption at current price levels.
- ✗Debt-to-equity of 3.03 is elevated relative to non-bank fintech peers and warrants monitoring: if this reflects client-margin funding or structured liabilities rather than operational borrowing, the risk profile differs materially, but that breakdown is not available in the current data.
- ·Bank of America initiated coverage of GROWW and set what media described as the highest share-price target from any broker since listing; the stock gained approximately 87% from its listing price as of early May 2026, per news reports.
- ·Q4 results triggered a 9% single-session rally reported by BusinessLine, attributed to a strong profit surge — consistent with the 43.67% trailing profit margin visible in fundamentals data.
- ·The stock is up 21.17% over the past 3 months and sits 9.95% below the 52-week high, with RSI at 52.98 (neutral zone) and price above SMA-50 (₹181.22) but SMA-200 uncomputable from available history.
- ?Given that FCF has been zero or negative across all recorded years, what is the mechanism by which reported net profit of 43.67% margin is expected to convert to positive free cash flow, and over what timeline?
- ?Does the debt-to-equity of 3.03 represent client-margin-funded leverage (operationally normal for a broker) or balance-sheet borrowing for growth — and how does the answer change the assessment of financial risk?
- ?With only 1 year of ROE above 15% in the available history and a forward PE of 32.60 implying a significant earnings step-up, what would need to be true about market share, fee rates, or cost structure for that earnings trajectory to materialise?
- ?How does GROWW's competitive positioning in the discount broking space — against peers such as Zerodha, Upstox, and Angel One — affect the durability of its current revenue-growth rate as the market matures?
PE
60.1
Forward PE
32.6
ROE
+28.7%
Profit margin
+43.7%
D/E
3.03
Dividend yield
—
Quality score
64/100
ROE 5y above 15%
1/5 yrs
FCF 5y positive
0/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 11 May 2026.