Billionbrains Garage Ventures Limited, operating under the brand Groww, is India’s fastest-growing digital investment platform and the country’s largest stockbroker by active client base. Launched in 2017 as a fintech disruptor, Groww has revolutionized retail investing in India by offering a seamless, mobile-first platform for stocks, mutual funds, ETFs, IPOs, and US equities. Headquartered in Bengaluru, the company went public in November 2025 with a blockbuster ₹6,632 crore IPO, backed by marquee investors like Peak XV, Ribbit Capital, and Microsoft CEO Satya Nadella. As of January 2026, Groww is delivering explosive growth—41.41% sales growth and 243.14% profit growth—driven by user acquisition, monetization, and margin expansion. This article provides a data-driven outlook on the Groww share price target 2026–2030.
Billionbrains Garage Ventures (Groww): Company Overview
- Founded: 2017
- Brand Name: Groww
- Managing Director: Mr. Lalit Keshre
- NSE Symbol: GROWW
- Core Business:
- Online brokerage (equity, F&O, IPOs)
- Mutual fund distribution (direct plans)
- US stock investing
- Fixed deposits and other financial products
- Market Position: #1 stockbroker in India by active clients (>12.6 million); >26% market share in retail broking
Groww’s asset-light, technology-driven model enables rapid scaling with minimal capital intensity. Its strong organic acquisition and high net promoter score (NPS) make it a dominant force in India’s digital wealth management revolution.
Groww: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹157 |
| Market Capitalization | ₹96,913.12 Cr |
| No. of Shares Outstanding | 617.36 Cr |
| P/E Ratio (TTM) | 64.98 |
| P/B Ratio | 12.38 |
| EPS (TTM) | ₹2.42 |
| Book Value (TTM) | ₹12.68 |
| ROE | 53.26% |
| ROCE | 65.73% |
| Dividend Yield | 0.00% |
| Face Value | ₹2 |
| Cash | ₹113.94 Cr |
| Debt | ₹0 Cr |
| Promoter Holding | 27.81% |
| Sales Growth (YoY) | 41.41% |
| Profit Growth (YoY) | 243.14% |
Groww Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹170 – ₹190 |
| 2027 | ₹190 – ₹220 |
| 2028 | ₹210 – ₹260 |
| 2029 | ₹230 – ₹310 |
| 2030 | ₹250 – ₹370 |
Groww Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹170 | ₹190 |
Groww reported 243% YoY profit growth and 41% sales growth in FY2025, driven by user monetization, brokerage expansion, and operational leverage. With ROCE of 65.73% and zero debt, the company exemplifies capital efficiency. Trading at a P/E of 64.98x and P/B of 12.38x, the stock reflects a premium valuation typical of high-growth fintechs. A 2026 target range assumes sustained user growth and no major regulatory disruption.
Groww Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹190 | ₹220 |
If Groww sustains 30–35% earnings growth and expands its product suite (e.g., credit, insurance), EPS could reach ₹2.80–₹3.10 by FY27. Assuming a P/E of 65–68x, the 2027 target range is justified.
Groww Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹210 | ₹260 |
By 2028, benefits from cross-selling and international expansion (US stocks, global ETFs) should reflect in margins. A P/E of 68–72x on projected EPS of ₹3.00–₹3.40 supports the ₹210–₹260 band.
Groww Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹230 | ₹310 |
Long-term tailwinds include India’s rising equity culture, SIP penetration, and digital wealth adoption. If competition doesn’t erode pricing, EPS could reach ₹3.40–₹3.90 by FY29. At a P/E of 70–75x, the 2029 target is ₹230–₹310.
Groww Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹250 | ₹370 |
Over a five-year horizon, Groww remains a high-growth fintech compounder. A terminal P/E of 75–80x on FY30 EPS (~₹3.50–₹4.20) justifies the ₹250–₹370 range.
Groww: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Public & Retail | 64.13% |
| Promoters | 27.81% |
| Domestic Institutional Investors (DII) | 4.93% |
| Foreign Institutional Investors (FII) | 3.13% |
High retail ownership reflects strong investor interest. Low institutional holding suggests early-stage perception.
Groww: Strengths vs Risks
Strengths:
- Industry-leading ROCE (65.73%) and ROE (53.26%)
- Zero debt and scalable digital platform
- #1 in active retail clients with low CAC
- Backed by top-tier global investors
Risks:
- Extremely high P/E leaves little room for execution misses
- Regulatory scrutiny on fintech platforms (SEBI, RBI)
- Intense competition from Zerodha, Upstox, and traditional brokers
- No dividend policy (0% yield)
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | High |
| Ideal Time Horizon | 5+ years |
| Volatility | Very High (newly listed, low float) |
| Dividend/Income Potential | None (0% yield) |
| Best For | Aggressive growth investors betting on India’s digital investing revolution |
- MRF Ltd.: Most expensive by share price (around ₹1,15,000 per share as of January 2026)
- Trent: Among the richest by valuation with a P/E of about 133x
- HDFC Life: Trades at a high valuation with a P/E near 87x
- Profit-taking following a strong listing at a 14% premium
- Concerns over the sustainability of hyper-growth
- Broader market rotation away from newly listed technology stocks
Final Verdict
Groww is a rare Indian fintech success story with unmatched user traction and capital efficiency. While not cheap, its strategic positioning in India’s $1 trillion+ wealth management opportunity offers long-term optionality.
Our Groww share price target 2026–2030 (₹170 to ₹370) reflects steady user monetization, product expansion, and multiple re-rating. Upside is substantial if execution continues; downside is limited by zero debt and market leadership.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Groww Consolidated Page
- Finology Ticker – GROWW Financials & Analysis
- Groww Investor Presentation (Q3 FY26, Jan 2026)
- SEBI IPO Prospectus – Billionbrains Garage Ventures Ltd.
- BSE/NSE Listing Documents – GROWW (Nov 12, 2025)
