Swiggy Limited (SWIGGY.BO) stock analysis

In our weekly check, Swiggy Limited is graded D (A to F). Of 22 checks on debt, profit, cash flow and trend: 10 pass, warnings: 4, red flags: 8.

About Swiggy Limited

Swiggy Limited is an Industrials company (Airlines, Airports & Air Services) based in India, listed on BSE as SWIGGY.BO.

What our checks show for SWIGGY.BO

Red flags

• Operating profit does not cover the interest bill (-15.7x): interest is paid from cash or new debt.
• The gross margin fell by 27.3 points, to 24.3%: costs are rising faster than prices.
• Weak EPS forecast
• Earnings per share fell 8.8% a year over the last 3 years.
• The company is losing money: the net margin is -13.2%.
• The stock has fallen as much as 70% from a peak. Would you have held through that?
• Return on capital (ROCE) is zero or negative: the business does not earn on the money put into it.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Free cash flow is only 0% of revenue.
• The price swings a lot: 42.3% annual volatility. Expect large ups and downs.
• The stock is still below its previous peak.
• The share count grew by 10% in 2 years: each shareholder owns a smaller slice.

Strengths

• Debt is low: 0.15x equity.
• The net margin rose by 50.4 points over 5 years, to -13.2%.
• Analysts expect revenue to grow about 24% a year over the next years.
• Analysts expect the net margin to improve by 12.4 points from today's -13.2%.
• Revenue grew 48.6% a year over the last 3 years.
• Actively traded: about 2 million shares a day.

Next earnings report: 2026-12-08

Similar companies

THYAO.IS · AOT.BK · 2618.TW · 2610.TW · INDIGO.NS · DAL

Questions

What grade does Swiggy Limited (SWIGGY.BO) have?

In our weekly check, Swiggy Limited is graded D (A to F). Of 22 checks on debt, profit, cash flow and trend: 10 pass, warnings: 4, red flags: 8. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of SWIGGY.BO stock?

This week's biggest flags for Swiggy Limited: Weak interest cover, Gross margin falling, Weak EPS forecast. In total 12 of 22 checks show a warning or a red flag.

What does Swiggy Limited do?

Swiggy Limited is an Industrials company (Airlines, Airports & Air Services) based in India, listed on BSE as SWIGGY.BO.

When does Swiggy Limited report earnings next?

The next earnings report is expected on 2026-12-08. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

Open the full analysis