PhysicsWallah Share Price Target 2026 – Growth Forecast, Future Value & Expert Analysis

By Prashant for PuneriPages.in

The Indian edtech industry has seen a massive transformation in the past few years, with PhysicsWallah (PW) emerging as one of the strongest players in the market. Founded by Alakh Pandey, the brand has revolutionized affordable education across India. As PhysicsWallah prepares for its much-anticipated IPO and potential stock market entry, investors are eagerly looking forward to understanding the PhysicsWallah share price target for 2026 and beyond.

In this article, we provide a comprehensive analysis of PhysicsWallah’s financial outlook, business expansion, revenue growth, and expected market capitalization, giving investors a clear view of its potential share price targets up to 2026.

Overview of PhysicsWallah (PW) and Its Market Position

PhysicsWallah started as a YouTube channel in 2016 by Alakh Pandey, focusing on delivering quality education in physics and chemistry for IIT-JEE and NEET aspirants. What began as a single educator’s effort has now transformed into a multi-billion rupee edtech powerhouse, offering online and offline learning across India.

By 2025, the company had already achieved:

Over 10 million app downloads
Presence in 100+ offline centers (PW Pathshala)
Revenue surpassing ₹1,200 crore (as per FY 2024-25 estimates)
Consistent profitability, unlike many other edtech startups

This strong foundation gives investors confidence that PhysicsWallah can become a long-term wealth-creating stock once listed publicly.

PhysicsWallah IPO – Expected Timeline and Valuation

As per reports and investor buzz, the PhysicsWallah IPO is expected to launch between late 2025 and mid-2026. The company has already secured funding from marquee investors such as WestBridge Capital and GSV Ventures, which valued the startup at $1.1 billion (₹9,000 crore) during its last funding round.

Expected IPO Details

Parameter	Details
Expected IPO Year	2025–2026
Expected Valuation	₹12,000–₹15,000 crore
IPO Size (Approx.)	₹2,000–₹2,500 crore
Type of Issue	Fresh Issue + Offer for Sale
Likely Stock Exchange	NSE, BSE
Industry	EdTech, Online Education

Once listed, experts expect PW’s share to be one of the most promising new-age education stocks, competing with Byju’s (if it lists), Unacademy, and Vedantu in the same space.

Revenue and Profit Growth Analysis

PhysicsWallah stands out because of its sustainable business model. Unlike other edtech giants that heavily rely on external funding, PW focuses on organic growth through affordable courses and high student retention.

Revenue Trend (Approximate Projections)

Financial Year	Revenue (in ₹ Crores)	Net Profit (in ₹ Crores)
FY 2022–23	780	100
FY 2023–24	1,050	150
FY 2024–25 (Projected)	1,300	200
FY 2025–26 (Projected)	1,600+	270–300

These projections suggest a steady 25–30% annual growth, backed by increasing offline centers, hybrid models, and course diversification into government exam preparation and UPSC coaching.

Business Expansion Plans Leading to 2026

PhysicsWallah is aggressively expanding beyond its original JEE/NEET model. Some of the major growth initiatives include:

Offline Expansion: Opening more PW Pathshala centers across Tier 2 and Tier 3 cities.
Government Exam Verticals: Launching new courses for SSC, UPSC, and Banking exams.
Technology Integration: Use of AI-driven learning tools, adaptive testing, and doubt-solving platforms.
International Reach: Plans to expand into South Asian countries and Middle East markets.
Skill-Based Learning: Launch of PW Skills, offering affordable upskilling in coding, data science, and AI.

These initiatives are expected to increase revenue streams and improve the valuation multiple, which directly influences the share price target for 2026.

Based on multiple factors such as growth rate, profit margins, and valuation, analysts have projected several scenarios for the PhysicsWallah share price by 2026.

Scenario 1 – Conservative Estimate

If the company grows at a modest 20% CAGR:

Expected Market Cap: ₹15,000 crore
Estimated Share Price (2026): ₹450 – ₹550

Scenario 2 – Moderate Estimate

If growth continues at 30–35% CAGR with strong profitability:

Expected Market Cap: ₹20,000–₹22,000 crore
Estimated Share Price (2026): ₹650 – ₹800

Scenario 3 – Aggressive Growth Estimate

If PW’s expansion into government and skill sectors accelerates:

Expected Market Cap: ₹25,000–₹27,000 crore
Estimated Share Price (2026): ₹900 – ₹1,100

Expert Consensus: Majority of analysts predict PhysicsWallah shares could trade between ₹650 and ₹900 by 2026, depending on market sentiment and listing valuation.

Consistent Profitability: The company’s ability to remain profitable while expanding.
Student Base Growth: More enrolled learners directly mean higher recurring revenues.
Government Policies: Supportive education reforms could favor edtech penetration.
Competitor Performance: If rivals like Byju’s or Unacademy struggle, PW could capture additional market share.
Brand Trust: Alakh Pandey’s credibility and public influence play a major role in sustaining investor confidence.

Risks Associated with PhysicsWallah Investment

While the growth story is strong, investors should be aware of potential risks:

Market Saturation: Edtech competition remains intense.
Regulatory Challenges: Education sector reforms can affect pricing and operations.
Dependence on Founder Persona: Heavy reliance on Alakh Pandey’s public image.
Economic Slowdown: Could impact discretionary spending on education courses.

Despite these risks, PhysicsWallah’s unique positioning in affordable education gives it an edge for long-term growth.

Long-Term Outlook Beyond 2026

Post-2026, PhysicsWallah aims to become a diversified education conglomerate, integrating edtech, offline learning, and skills training. With steady expansion and digital transformation, PW could become one of the top 3 education-based listed companies in India.

If the company maintains its profitability trajectory, PhysicsWallah’s share price target for 2030 could reach between ₹1,800 and ₹2,200, delivering significant returns for early investors.

Should You Invest in PhysicsWallah in 2026?

PhysicsWallah represents the new face of Indian education, blending affordability with accessibility. Its proven business model, profitability, and brand trust make it one of the most promising IPOs in the Indian market. For investors seeking long-term, stable growth, PW’s IPO and potential stock could be a strategic addition to their portfolio.

By 2026, PhysicsWallah’s share price could realistically be in the range of ₹650–₹900, depending on market performance, listing valuation, and sector momentum.