Zomato is one of the most popular companies whose main business is food delivery. Zomato’s market share in the field is very high it is nearly 55% which is a huge number. In short, Zomato is India’s budget food delivery app, and as of now, its stock is trading below 47% from its all-time high. Zomato share price target 2025 can be huge as the company starts getting profit from its business.
Most food-delivering companies are at a loss because of many reasons can not down the cooing time, attractive offers from time to time, less delivery fees, marketing expenses, and many more. They are spending money because when most people will prefer online food services they will get profits.
Zomato company its quarterly results Q1 FY2024, finally the Zomato company is profitable. There is hope that if the profit keeps rising or the company is in profit in the next quarter results then we can see a massive move in the Zomato stock.
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About Zomato
Zomato is an Indian multinational company. The company was founded in 2010 and as of now its managing director is Mr. Deepinder Goyal.
The company’s main business is food delivery and restaurant services. In India, Zomato has approx 55% market share in the industry. Not only India the company is also working in more than 25+ countries and 1000+ cities.
In this business, when the customer base increases then the company will start naming profit. As of now most of the company booking loss and most probably they will get profit in future. Like the Zomato company booked a profit in the Q1 FY2024.
Company Fundamentals
From the fundamentals, you can know about the company in detail like the strength of the company, the right value of the company, the position of company among the all companies of the same sector, financial statements, growth of the company, and many more.
Most probably you are a retail investor, it is highly recommended to do a fundamental analysis by yourself of the stocks in which you are investing or already invested. In case, you know how to do a fundamental analysis of companies you can learn it from the Internet.
Note: The fundamentals of the Zomato company were last updated on 18 August 2023. Check the latest information on any broker website or screener.
Revenue Growth (Last 5 Years)
| Year | Revenues (In Crores) |
|---|---|
| March 2019 | 1,350.47 |
| March 2020 | 2,485.76 |
| March 2021 | 1,845.82 |
| March 2022 | 4,108.50 |
| March 2023 | 5,506.90 |
Quarterly Results (Last 5 Quarters)
| Quarter | Total Income (In Rs. Cr.) |
|---|---|
| Jun 2022 | 1,131.50 |
| Sep 2022 | 1,177.90 |
| Dec 2022 | 1,191.20 |
| Mar 2023 | 1,206.80 |
| Jun 2023 | 1,420.00 |
Company Essentials
| Title | Value |
|---|---|
| MARKET CAP | Rs. 78,429.53 Cr |
| ENTERPRISE VALUE | Rs. 78,031.23 Cr. |
| NO. OF SHARES | 860.44 Cr. |
| P/E | 147.71 |
| P/B | 3.96 |
| FACE VALUE | Rs. 1 |
| DIV. YIELD | 0 % |
| BOOK VALUE (TTM) | Rs. 23.03 |
| CASH | Rs. 398.30 Cr. |
| DEBT | Rs. 0 Cr. |
| EPS (TTM) | Rs. 0.62 |
| SALES GROWTH | 30.36 % |
| ROE | 0.67 % |
| ROCE | 0.71 % |
| PROFIT GROWTH | 110.65 % |
Shareholding Pattern
| Held By | Holding % |
|---|---|
| FII | 54.43 % |
| DII | 9.93 % |
| Public | 35.64 % |
| Promoters | 0.0 % |
| Other Holders | 0.0% |
Thumb Rules for Investing
Just by doing fundamental analysis, anyone cannot book maximum returns on the stocks. Based on the investors’ experiences a few basic rules become the rules for investing. In short, most retail investors or newbie investors make the below mistake as a result they do not get the maximum return on their investing.
These rules apply to the maximum sectors’ stocks. If you are new in the market or don’t have enough knowledge you should follow the rules to make your self psychology strong.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case you invested all the money in one sector, if the sector faces any issue, you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh the invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector will face problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they did not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
Zomato Share Price Target
The IPO of the Zomato company was very successful and after the listing of the stock in the market, it listed at Rs. 115 and went up to Rs. 169 in a few months. The returns on the stock were really good for those who invested in the stock when it was listed or those who allowed through the IPO.
All time high of the Zomato stock is Rs. Rs. 169 and from the all-time high the stock is currently trading at Rs. 91 as of now. In short, it is down by approx 46% from its all-time high.
In the quarterly results of Q1 FY2024 the Zomato company showed some profit for the first time. As a result, the stock went up to 25% from the price it was trading. Most probably in the future, we can see a good target in Zomao’s share price and other companies in the same industry. So, let’s find the target of Zomato stock sung technical analysis.
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your own analysis or ask your financial advisor before investing. We will not be responsible for any loss or profit.
Zomato share price target 2023
Zomao share price target for 2023 loos very small as the stock is moving down in the short term. Most probably it will not give any good upside move in the year because the stock is already given a massive upside move in the year.
When a stock gives a massive return in the short term then it can go down because of profit book or no new buying in the stock. In short, the stock takes a rest for a few weeks or month and consolidate in a range.
If your research about the stock is good for long-term investing then you should go with monthly SIP. It will average the buying price as a result your avg buying price of the stock will be decreased. So, you will make an extra return when the stock goes up.
Zomato Share Price Target 2024
In the Q1 FY2024 Zomato reported its first profit as a result the stock went up to 25% in a few days. As food delivery companies are struggling to make a profit. If it again generates profits in its upcoming quarters. Then we can see again a massive upside move.
According to the technical analysis, the stock can move up to Rs. 120 – 125 in 2020. In case the Zomato company reports losses in the upcoming quarters then most probably the target will not achieve. So, keep checking the news related to the stocks also.
Zomato share price target 2025
There are a few levels as of now in the Zomato stock. If it breaks the support then we can see a down move in the stock for the short term. You can follow the below-shared levels for now.
In 2025, the target of Zomato’s share price can be very positive as the company also start reporting profits and most probably it will also report profits in some upcoming quarters.
In a few words, the target of Zomato for the next few years totally depends upon its profits. If the company keeps making profit the stock will keep rising. The scenario will not happen always but it may happen for a few next quarters.
FAQs
Yes, Zomato is a good stock to buy.
As of now, all the companies in the industry in India facing a lot of problems and they report loss in the maximum quarters. This is happening because of a lot of expenses. Once they have a large number of customers they will start making a profit by changing and taking some new steps.
Yes, it has a bright future. The only problem is as of now they don’t have a lot of regular customers and as a result, they are facing loss. In Q1 FY2024 Zomato reported its first profit.
If it keeps getting profits and the fundamental improves with time. Most probably the stock can create a new all-time high. Accund to the current analysis the stock can o up to Rs. 130 – 150 before 2025.
Final Words: Food delivery and restaurant service a good business. Zomato has a 55% market share in the industry. In a few words, it is a top company for food delivery in India. Not only India the Zomato is working in more than 1000+ cities in the world. As maximum food companies taking losses for now in the hope they will get profit in the future. The Zomato share price target totally depends on their profit for now.