PhysicsWallah Limited has received its first research coverage from Goldman Sachs, with the global investment bank initiating coverage on the education sector stock. The investment firm has assigned a neutral rating to the company's shares.

Goldman Sachs Coverage Details

The key parameters of Goldman Sachs' coverage initiation are outlined below:

Investment Bank Perspective

Goldman Sachs' neutral stance suggests the investment bank views PhysicsWallah's current valuation as fairly priced relative to its growth prospects and market position. The ₹135.00 target price provides institutional investors with a benchmark for evaluating the stock's potential performance.

Market Context

The initiation of coverage by a prominent global investment bank like Goldman Sachs typically indicates increased institutional interest in a company's stock. For PhysicsWallah, operating in the education sector, this research coverage provides formal analyst guidance that institutional investors often rely upon for investment decisions.

The neutral rating reflects Goldman Sachs' assessment of the company's current market position and future prospects within the education technology space.

Physicswallah Limited has announced another significant land acquisition through its wholly owned subsidiary, Penpencil EduServices Private Limited. The company disclosed the latest transaction under Regulation 30 of SEBI Listing Regulations on January 18, 2026, marking the second major land purchase in the same region within a month.

Latest Land Acquisition Details

Penpencil EduServices Private Limited executed a sale deed on January 17, 2026, for acquiring an additional 1.16 acres of land situated at Village-Tupudana, District Ranchi. This acquisition follows the company's earlier purchase of 1.76 acres in December 2025, demonstrating continued commitment to expansion in the region.

Strategic Expansion Framework

The latest acquisition is part of the company's comprehensive expansion strategy, supported by a substantial fund infusion of approximately ₹400 crores in Penpencil EduServices, as disclosed on December 8, 2025. The company has indicated that Penpencil may acquire additional parcels of land from time to time as part of its strategic investments.

Transaction Structure and Compliance

The January 2026 transaction amounts to ₹38.00 crores (Indian Rupees Thirty Eight Crore Only), excluding transfer and other applicable charges and duties. Similar to the previous acquisition, the land has been acquired free from all encumbrances, charges, mortgages, attachments, lis pendens, demand, liens and trust of whatsoever nature.

Corporate Disclosure

The disclosure was signed by Ajinkya Jain, Group General Counsel, Company Secretary & Compliance Officer of Physicswallah Limited. The company confirmed that both transactions do not fall within related party transactions, and the sellers have no relationship with the promoter, promoter group, or group companies. Complete disclosure documentation has been hosted on the company's website at https://www.pw.live/investor-relations for stakeholder reference.