Groww Share Price Target 2026, 2027, 2028, 2029, 2030 – Future Forecast, Analysis & Insights

Groww has become a household name in retail investing in India. For investors tracking the stock market, the key questions are: Is Groww a good buy? What are its share price targets over the next five years?

In this article, we break down Groww’s business model, profitability, risks, market position, and future growth potential. We also provide data-driven share price forecasts for 2026 2030. 

1. About Groww

•  Founded: 2016

•  Founders: Lalit Keshre (CEO), Harsh Jain (COO), Neeraj Singh (CTO), Ishan Bansal (CFO/key leadership)

•  Headquarters: Bengaluru, India

Groww started as a direct mutual fund platform and expanded into:

• Stocks & equity trading
• ETFs & IPOs
• Digital gold & commodities
• US stocks (invite-only)
• Lending/credit solutions

Top management links:

• Lalit Keshre – LinkedIn
• Harsh Jain – LinkedIn
• Neeraj Singh & Ishan Bansal – via company disclosures

2. How Groww Makes Profits

Groww monetises by attracting a large retail investor base, offering low-cost investing/trading services, and generating revenue through brokerage, transaction fees, margin/lending, wealth management, and commodities.

Key Data (FY25):

•  Revenue: ~₹4,056 crore

•  Net Profit: ~₹1,819 crore ([The Economic Times][1])

•  Revenue growth: ~31% YoY ([Outlook Business][2])

Revenue & Profit Table:

Visual suggestion: Include a bar chart for revenue growth and line chart for net profit turning positive.

3. Risks & SWOT Analysis

Strengths:

•  Strong brand, technology-led platform, simple UI

•  Diversified products (mutual funds, stocks, wealth, commodities)

•  Early mover in digital investing for millennials

Weaknesses:

•  Profitability achieved only recently

•  Heavy dependence on trading volumes

•  Regulatory risks in India

Opportunities:

•  Expansion into wealth management, credit, commodities, US stocks

•  Increasing financial-market penetration in Tier-2/3 cities

•  Growing retail investor base in India

Threats:

•  Competition from Zerodha, Upstox, Paytm Money

•  Regulatory changes affecting brokerage/margin requirements

•  Market downturns reducing trading volumes

•  Technology/security risks

4. Is Groww Stock a Good Buy?

Bull Case:

•  Growing Indian retail investor base

•  Profitable from FY25

•  Expansion into higher-margin products

•  Large untapped market outside metro cities

Bear Case:

•  Valuation may already reflect growth

•  Trading volume declines may hurt revenue

•  Competition and margin pressure

•  Execution risk in new verticals

5. Why Groww’s Share Price May Lag

Possible reasons for underperformance:

•  Market sentiment against fintech/brokerage stocks

•  Investor caution due to past losses

•  Execution risk in new business lines

•  Competitive pressure and regulatory uncertainty

•  Valuation pricing in growth

6. Groww Share Price Target 2026

Rationale

•  FY25 expected profit growth ~31%, marking the first year of sustainable profitability.

•  P/E valuation in moderate range (35 40), reflecting growth-oriented but cautious market sentiment.

•  Growing MAU (Monthly Active Users) and improving ARPU signal stronger monetization.

Assumptions:

•  EPS: ₹12, 13

•  P/E ratio: 35, 40

•  By our prediction in 2026, its share price would be between ₹190 to ₹520

Monthly Price Forecast:

7. Groww Share Price Target 2027

Rationale

•  New verticals like commodities, wealth management, and credit start contributing significantly.

•  Continued MAU growth supports higher revenue.

•  Optimistic fintech market trends drive investor confidence.

•  EPS: ₹15, 16

•  P/E: 38, 45

•  By our prediction 2027, its share price would be between ₹550 to 700

8. Groww Share Price Target 2028

Rationale

•  Revenue diversification begins paying off.

•  High-margin segments contribute significantly to profits.

•  Groww establishes a strong brand among retail investors.

•  EPS: ~₹20

•  P/E: 40, 45

•  By our prediction in 2028, its share price would be between ₹700 to 900

9. Groww Share Price Target 2029

Rationale

•  Business matures, with slower but steady growth.

•  Retention of existing users and higher ARPU improves profitability.

•  Strong market position reduces volatility risk.

•  EPS: ~₹24, 25

•  P/E: 38, 40

•  By our prediction in 2029, its share price would be between ₹850 to 1,050

10. Groww Share Price Target 2030

Rationale

•  Fintech leader status achieved.

•  Steady revenue from all verticals ensures stable growth.

•  Market rewards long-term stability, lower perceived risk.

•  EPS: ~₹28, 30

•  P/E: 35, 40

•  By our prediction in 2030, its share price would be between ₹1,000 to 1,250

11. Should You Buy Groww Stock?

Recommendation: Long-term investors who believe in retail investing growth in India may consider Groww, but short-term traders should be cautious.

12. Competitor Comparison

13. User Metrics

•  Active clients: 5.65 mn (June 2023) → 12.58 mn (June 2025)

•  NSE active client market share: ~26% (June 2025)

•  Average Revenue Per User (ARPU): ₹2,520 → ₹3,339 (FY23 → FY25)

Visual suggestion: Line graph showing MAU growth and bar chart for ARPU increase.

14. Market Sentiment & Recent Developments

•  Retail investing in India is rising; institutional investors remain cautious

•  Groww raised ~$200 million ahead of IPO at ~US$7 billion valuation

•  IPO of Billionbrains Garage Ventures (parent) opened Nov 2025 (~₹95 ₹100 per share)

•  Diversification into wealth management, commodities, margin lending, and credit

FAQ on Groww

Q1. Is Groww a good buy?
Yes, Groww is suitable for long-term investors who are comfortable with the risks associated with the fast-evolving fintech sector.

Q2. Does Groww pay dividends?
No. Groww does not pay dividends as it is still in an aggressive growth and expansion phase.

Q3. Who owns Groww?
Groww is owned by Billionbrains Garage Ventures along with significant stakes held by the founding team.

Q4. What was the IPO price of Groww?
Groww’s IPO was priced at around ₹95 – ₹100 per share during its November 2025 listing.

Q5. What is Groww’s business model?
Groww earns revenue through brokerage fees, margin lending, premium services, and diversified new financial products.

Q6. What are Groww’s growth metrics?
Groww’s active client base grew significantly, reaching 12.58 million active users by mid-2025.

Q7. What are the main risks for Groww?
Key risks include intense competition, regulatory changes, and reliance on trading volumes for revenue.

Q8. How does Groww compare to rivals?
Groww has strong retail investor traction and expanding verticals, though traditional competitors possess deeper trading infrastructure.

Q9. Why is Groww profitable now?
Groww achieved profitability due to economies of scale, rising ARPU, tight cost controls, and diversified revenue streams.

Q10. What could hurt Groww’s future price?
Potential downside factors include slowing user growth, lower market volumes, regulatory tightening, or failed expansion initiatives.

16. Conclusion

Groww is a major player in India’s retail investment ecosystem. Its strong growth, recent profitability, and large market opportunity are attractive. Risks include competition, regulation, and execution of new verticals. Long-term investors may find value; cautious investors may wait for clearer proof of sustainable growth.