Zomato Share Price Target 2024-2030 Fundamentals & Quarterly Results

Zomato Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – Pankaj Chadda and Deepender Goyal created Zomato – an Indian company that connects restaurants with clients from different locations after its clients make orders among them through distribution of menus through the company’s web portal face by which means it delivers food to customers through various delivery partners at any point throughout or at a specified period within time singed up with the app currently residing in more than 1000 Indian cities. Known by a former name Foodiebay Zomato is more than only food distribution service since it offers finding places eat out based on users’ location through compasses embodied in smartphones.Zomato share price target

Zomato Overview

Zomato Limited is a leading online Food Service platform that has been in business since 2010. Among the things it provides are food delivery and dining-out services, Loyalty programs and others. Zomato has managed to expand its presence to 23 countries where it has a total of 131,233 operating food delivery outlets, a total on 161,637 delivery partners and an average of 10.7 million customers who make monthly food orders by December 31, 2020.

Company Name Zomato Ltd
Listed at NSE & BSE
Head Office GROUND FLOOR 12A, 94 MEGHDOOT NEHRU PLACE NEW DELHI South Delhi DL IN 110019
Board Of Directors
  • Mr.Kaushik Dutta Chairman & Ind.Director
  • Ms.Namita Gupta Independent Director
  • Ms.Aparna Popat Ved Independent Director
  • Ms.Gunjan Tilak Raj Soni Independent Director
  • Ms.Sutapa Banerjee Independent Director
  • Mr.Deepinder Goyal Managing Director & CEO
  • Mr.Sanjeev Bikhchandani Non Executive Director
Official Website zomato.com

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Zomato Business Profile

Zomato had 389,932 active restaurant listings as at 31 March 2021. Its mobile application has been the top downloaded food and drinks application in India for each of the preceding three financial years on iOS App Store and Google Play, based on data from Q2FY24 which indicates that the company had 18.4 million average monthly transacting users against 16.4 mn in the previous quarter, Q4FY23.

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As per the financial year ending March 2023 (FY23), the app is receiving about 90 billion visits every month. Out of the ~248 cities in India, the break-even status of cities has been achieved while in FY22, more than 1000 cities have become Zomato active cities with more than 500 added cities to its portfolio.

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Business segments

Broadly, Zomato operates in three business segments; 1) Food delivery, 2) Dining out, 3) Hyper pure.

Food Delivery– Zomato’s food delivery business has three key stakeholders namely; (i) Customers, (ii) Delivery Partners, and (iii) Restaurants. Zomato’s food delivery business has seen immense growth in India over the years with orders multiplying by 13.2 times from 30.6 million in FY18 to 403.1 million in FY20. Similarly, the Gross Order Value (GOV) rose by 8.4 times from INR 13,341.4 million in FY18 to INR 112,209 million in FY20.

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In FY22, Zomato delivered orders worth Rs213Bn across 535.2 million orders, which means that the average order value was around 398 rupees. However, the government paid out an amount of Rs213. By Q2FY23, average monthly transactions were 17.5Mn, average monthly active food delivery restaurants stood at 2,07,000 whereas number of delivery men on stand-by was 3,41,000.

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Dining Out- People utilize Zomato’s dining away offers to find places where they can eat and know more about them, write what they feel concerning customer service at those joints, upload some photos as well as read other customers feedbacks. At the same time, they can also book tables or pay caterers through it when enjoying their meals on particular premises. Moreover, it leverages its dining social services by selling advertisements that enable restaurant members to get more exposure through paying for various products within the site.

Hyper pure– Zomato has HyperPure as its service for delivering farm-to-fork items to restaurants. In order to help their partners streamline their supply chain processes, the company purchases fresh, uncontaminated and top-notch ingredients directly from growers, mills as well as manufacturers to deliver them as is. By the end of Q2FY23, we had invoiced 40,000 different restaurants.

Blinkit– At the moment, the company operates in fifteen cities within India. The company has set a target of four hundred and eighty stores by the end of fiscal year twenty fourth (FY24). They are also projecting to breakeven in Quarter One of financial year twenty fifth (Q1FY25).

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Zomato Fundamentals & Quarterly Results

Market Cap ₹ 1,83,222 Cr.
Current Price ₹ 208
High / Low ₹ 214 / 73.4
Stock P/E 522
Book Value ₹ 23.1
Dividend Yield 0.00 %
ROCE 1.77 %
ROE 1.76 %
Face Value ₹ 1.00
Debt to equity 0.04
Debt Capacity 0.05
Debt preceding year ₹ 507 Cr.
Debt ₹ 749 Cr.
Reserves ₹ 19,545 Cr.
EPS ₹ 0.40
EPS last year ₹ 0.40
Pledged percentage 0.00 %
FCF Prev Ann ₹ -945 Cr.
EVEBITDA 206
Industry PE 62.4
PEG Ratio 31.3
Piotroski score 7.00
Earnings yield 0.20 %
Sales growth 5Years 56.0 %

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Zomato Quarterly Results

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Sales + 1,212 1,414 1,661 1,948 2,056 2,416 2,848 3,288 3,562
Expenses + 1,662 1,721 1,973 2,314 2,282 2,464 2,895 3,237 3,476
Operating Profit -450 -307 -312 -366 -226 -48 -47 51 86
OPM % -37% -22% -19% -19% -11% -2% -2% 2% 2%
Other Income + 130 168 170 173 171 181 212 219 235
Interest 2 5 12 16 15 18 16 18 20
Depreciation 38 42 107 155 134 130 128 128 140
Profit before tax -359 -186 -261 -364 -204 -15 21 124 161
Tax % -0% -0% 4% 5% 8% 113% -71% -11% -9%
Net Profit + -360 -186 -251 -347 -188 2 36 138 175
EPS in Rs -0.46 -0.24 -0.29 -0.41 -0.22 0.00 0.04 0.16 0.20

CAGR Report

Metric 10 Years 5 Years 3 Years TTM / 1 Year
Compounded Sales Growth % 56% 82% 71%
Compounded Profit Growth % 17% 38% 133%
Stock Price CAGR % % % 183%
Return on Equity % -9% -5% 2%

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Zomato Shareholding Pattern

Mar 2022 Mar 2023 Mar 2024
FIIs + 10.44% 54.61% 55.11%
DIIs + 3.05% 8.04% 15.28%
Public + 83.60% 35.15% 28.05%
Others + 2.91% 2.22% 1.58%
No. of Shareholders 14,20,336 19,10,058 19,16,416

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Zomato Share Price Target 2024-2030 Forecast

Year Initial Target Mid-Year Target Year-End Target
2024 ₹155.75 ₹195.81 ₹219.84
2025 ₹224 ₹211 ₹252
2026 ₹257 ₹241 ₹288
2027 ₹294 ₹276 ₹328
2028 ₹335 ₹315 ₹376
2029 ₹384 ₹362 ₹431
2030 ₹440 ₹414 ₹495

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ZOMATO Share Price Target 2025

Month Target
January ₹224
February ₹228
March ₹233
April ₹225
May ₹218
June ₹211
July ₹219
August ₹228
September ₹237
October ₹242
November ₹247
December ₹252

ZOMATO Share Price Target 2026

Month Target
January ₹257
February ₹262
March ₹267
April ₹258
May ₹249
June ₹241
July ₹251
August ₹261
September ₹271
October ₹276
November ₹282
December ₹288

ZOMATO Share Price Target 2027

Month Target
January ₹294
February ₹300
March ₹306
April ₹296
May ₹286
June ₹276
July ₹287
August ₹298
September ₹310
October ₹316
November ₹322
December ₹328

ZOMATO Share Price Target 2028

Month Target
January ₹335
February ₹342
March ₹349
April ₹337
May ₹326
June ₹315
July ₹328
August ₹341
September ₹355
October ₹362
November ₹369
December ₹376

ZOMATO Share Price Target 2029

Month Target
January ₹384
February ₹392
March ₹400
April ₹387
May ₹374
June ₹362
July ₹376
August ₹391
September ₹407
October ₹415
November ₹423
December ₹431

ZOMATO Share Price Target 2030

Month Target
January ₹440
February ₹449
March ₹458
April ₹443
May ₹428
June ₹414
July ₹431
August ₹448
September ₹466
October ₹475
November ₹485
December ₹495

Official Website – zomato.com

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