Swiggy Share price target 2024, 2020, 2025, 2030, 2040 and 2050:Want to know Swiggy’s future growth prospects? India’s largest delivery food company. Swiggy’s stock price targets are a hot issue for both long-term and shorter-term investors.
Swiggy stock performance is closely monitored by analysts and investors as the company continues to expand in India, adopt new market trends, and innovate within the food technology and logistics.
This blog will explore potential Stock Price Targets Swiggy could achieve in the next decade. Swiggy’s future stock performance is analyzed through an analysis of its growth trajectory, market dynamics and upcoming food delivery opportunities. Expert insights and projections will also be provided to assist you in making investment decisions.
Continue reading to find out how Swiggy’s stock price could change over the next few decades and what factors may influence it.
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What is Swiggy Ltd?
Swiggy, an Indian food ordering service, is a company. You can order food to be delivered directly to your home, allowing you to enjoy the taste of restaurant food in your own home. Swiggy Pop is one of the many options available to customers. It delivers a single dish within 30 – 35 minutes.
Swiggy Pop has a wide range of fast food choices, including Indian food, biryanis and burgers. The company was founded in 2014, and it covers over 580 Indian cities. The company’s main business is in semi-urban and urban areas where there are more lucrative options than in the cities. This company delivers groceries, household goods, food and other items, as well as making reservations for restaurants and seats.
The IPO will include the issuance of new shares in the amount of Rs 3,750 crores, and the sale by existing shareholders of 18,52 crore shares. Before the IPO it will raise funds which may alter the number fresh shares issued.
Swiggy Company Overview
Swiggy was founded in 2014 by Sriharsha Mahjety, Nandan reddy, and Rahul jaimeni. Swiggy is one of India’s leading online food delivery platforms.
Swiggy, with its headquarters in Bangalore, connects millions of customers to their favorite restaurants and allows them to order from home.
Over the last few years, the Indian food delivery market has been transformed by the extensive service network and innovative technology of the company.
Swiggy’s services have expanded beyond food delivery. Swiggy Genie provides pick-up-and drop services. Swiggy Instamart offers grocery delivery.
Swiggy Share Price Target 2024
Swiggy is scheduled to launch its IPO on November 6th through November 8th 2024.The final list will be published by November 11, 2024.Swiggy is set to debut on the BSE & NSE stock exchanges in November 2024.The IPO price range is Rs 371 to Rs 390.Price fluctuations are expected to be significant during the first trading session.Swiggy stock could reach Rs530 by 2024, according to analysts.Experts predict that the price of the stock will be between Rs340 to Rs530 in the same year.Swiggy’s IPO could offer you some great investment opportunities.
| Year | Minimum Price Prediction (₹) | Maximum Price Prediction (₹) | Remarks |
|---|---|---|---|
| 2024 | ₹340 | ₹530 | Expect IPO volatility, potential for good gains. |
| Month | Minimum Price Prediction (₹) | Maximum Price Prediction (₹) | Remarks |
|---|---|---|---|
| November | ₹340 | ₹450 | IPO volatility; initial fluctuations. |
| December | ₹371 | ₹530 | Post-IPO growth; strong potential. |
Swiggy Share Price Target 2025
The company plans to raise Rs 11,327,43 crores via an Initial Public Offer (IPO).The IPO consists primarily of 11,54 crore shares worth Rs 4,499 crores, and 17,51 crore shares worth Rs 6,828.43 billions.The funds raised will go towards Scootsy’s principal subsidiary to improve technology and cloud system.Over time, the goal is to build up the brand and business of the Company.This IPO is expected to attract a large number of investors.Research indicates that by 2025, the share price will be approximately Rs 625.Analysts predict that the share price will range from Rs370 to Rs625 by 2025.
| Year | Minimum Price Prediction (₹) | Maximum Price Prediction (₹) | Remarks |
|---|---|---|---|
| 2025 | ₹370 | ₹625 | Growth due to strong post-IPO investments. |
| Month | Minimum Price Prediction (₹) | Maximum Price Prediction (₹) | Remarks |
|---|---|---|---|
| January | ₹370 | ₹520 | Early momentum from IPO funds. |
| February | ₹370 | ₹533 | Continued price increase. |
| March | ₹390 | ₹530 | Gradual growth as business expands. |
| April | ₹400 | ₹541 | Momentum from strategic investments. |
| May | ₹434 | ₹554 | Positive outlook as market stabilizes. |
| June | ₹446 | ₹565 | Solid growth trajectory. |
| July | ₹440 | ₹572 | Consistent growth through new services. |
| August | ₹457 | ₹580 | Strong performance during summer months. |
| September | ₹463 | ₹590 | Continued upward trend. |
| October | ₹475 | ₹613 | High potential for growth. |
| November | ₹482 | ₹610 | Positive outlook with consistent gains. |
| December | ₹494 | ₹625 | Year-end growth from strategic investments. |
Swiggy Share Price Target 2026
Instamart, the company’s quick grocery delivery service, will allow it to gain significant market share.This IPO was a strategic decision to raise funds for the enhancement of grocery delivery services.The Company aims to compete with existing players such as Zepto by leveraging its market presence and size for a competitive edge.The IPO will support the Company’s growth trajectory by strengthening its dominance in grocery and food delivery.The Company’s share price is projected to reach Rs840 in 2026.Experts estimate the share price may range between Rs580 and Rs840 by 2026.
| Year | Minimum Price Prediction (₹) | Maximum Price Prediction (₹) | Remarks |
|---|---|---|---|
| 2026 | ₹580 | ₹840 | Growth driven by grocery service expansion. |
| Month | Minimum Price Prediction (₹) | Maximum Price Prediction (₹) | Remarks |
|---|---|---|---|
| January | ₹580 | ₹700 | Momentum from Instamart launch. |
| February | ₹585 | ₹710 | Growth from expanded services. |
| March | ₹590 | ₹720 | Market reacting positively to growth. |
| April | ₹600 | ₹735 | Strong upward trajectory. |
| May | ₹610 | ₹750 | Continued growth as delivery expands. |
| June | ₹620 | ₹765 | Strong performance from grocery services. |
| July | ₹630 | ₹780 | Increased demand pushing prices up. |
| August | ₹640 | ₹795 | New growth initiatives positively impact. |
| September | ₹645 | ₹805 | Solid gains due to service expansion. |
| October | ₹655 | ₹820 | Continued momentum from market penetration. |
| November | ₹665 | ₹830 | Market remains bullish. |
| December | ₹675 | ₹840 | Year-end growth with positive sentiment. |
Swiggy Share Price Target 2028
Major Investments Expected The upcoming IPO will likely attract significant interest from Canada Pension Plan Investment Board (CPPIB) and BlackRock.Highly anticipated IPO This IPO is one of the largest offerings in the financial sector this year.Strong Market Sentiment Shares are currently trading at a premium of 6.41%, reflecting high investor demand.Growth Projection Experts estimate that Swiggy’s shares may reach Rs1260 in 2028. The price range could be between Rs920 and Rs1260.
| Year | Minimum Price Prediction (₹) | Maximum Price Prediction (₹) | Remarks |
|---|---|---|---|
| 2028 | ₹920 | ₹1260 | Strong market sentiment, continued growth. |
| Month | Minimum Price Prediction (₹) | Maximum Price Prediction (₹) | Remarks |
|---|---|---|---|
| January | ₹920 | ₹1110 | Positive growth trajectory. |
| February | ₹930 | ₹1125 | Continued growth. |
| March | ₹940 | ₹1140 | Market expects consistent performance. |
| April | ₹950 | ₹1155 | Continued growth due to market expansion. |
| May | ₹960 | ₹1170 | Strong performance anticipated. |
| June | ₹970 | ₹1185 | Continued market presence expansion. |
| July | ₹980 | ₹1200 | Expansion driving further gains. |
| August | ₹990 | ₹1215 | Solid growth and strong market presence. |
| September | ₹1000 | ₹1225 | Positive performance expected. |
| October | ₹1010 | ₹1240 | Growth momentum continues. |
| November | ₹1020 | ₹1250 | Strong year-end outlook. |
| December | ₹1030 | ₹1260 | Optimistic year-end growth. |
Swiggy Share Price Target 2030
The Company intends to use funds from its new shares to pay off its debt and for its subsidiary Scootsy.The investment will go towards improving the quick delivery network of the company, which includes opening new stores and covering leasing expenses.To strengthen the company’s market position, a portion of funds will go to marketing, technology and brand promotion.The Company intends to grow by acquiring various companies in order to expand its operations.Experts believe that the share price will reach Rs. 2060 by 2030. This shows a significant growth potential.Researchers have found that the price of shares may drop between Rs1460 to Rs2060 by 2030. This is a positive outlook for investors.
| Year | Minimum Price (₹) | Maximum Price (₹) | Remarks |
|---|---|---|---|
| 2030 | ₹1460 | ₹2060 | Strong growth through acquisitions. |
| Month | Minimum Price (₹) | Maximum Price (₹) | Remarks |
|---|---|---|---|
| January | ₹1460 | ₹1820 | Expanding quickly through acquisitions. |
| February | ₹1480 | ₹1850 | Strong performance from new investments. |
| March | ₹5032 | ₹1870 | Positive market reaction. |
| April | ₹1515 | ₹1900 | Growing market share. |
| May | ₹1530 | ₹1920 | Continued investment driving growth. |
| June | ₹1545 | ₹1940 | Expansion into new markets. |
| July | ₹1560 | ₹1960 | Strong market presence supports growth. |
| August | ₹1575 | ₹1980 | Increased investment driving performance. |
| September | ₹1585 | ₹2000 | Positive outlook based on market strategy. |
| October | ₹1600 | ₹2020 | Consistent growth trajectory. |
| November | ₹1620 | ₹2040 | Continuing growth through acquisitions. |
| December | ₹1640 | ₹2060 | Strong year-end performance with solid growth. |
Swiggy Share Price Target 2040
Swiggy will dominate the food delivery and quick commerce industries globally.The company will use advanced technologies such as artificial intelligence (AI), drones and automated logistics.Optimized operations will lead to a better customer experience.Swiggy is diversifying its services to include grocery deliveries, cloud kitchens and premium subscriptions.Growth and market enhancement will require strategic partnerships.The expansion of the company into Tier-2 and Tier-3 cities will unlock a significant market.Swiggy will be able to tap international markets thanks to its global ambitions.Seasonal trends, especially during the festive season and holiday seasons, will continue to drive revenue.Swiggy stock price predictions range from Rs3,500 to Rs5,500 in 2040.
| Year | Minimum Target (₹) | Maximum Target (₹) | Remarks |
|---|---|---|---|
| 2040 | ₹3500 | ₹5000 | Leadership in food delivery and quick commerce. |
| Month | Minimum Target (₹) | Maximum Target (₹) | Remarks |
|---|---|---|---|
| January | ₹3500 | ₹3700 | Stable start |
| February | ₹3600 | ₹3800 | Positive growth |
| March | ₹3700 | ₹4000 | Demand expansion |
| April | ₹3800 | ₹4200 | Seasonal boost |
| May | ₹3900 | ₹4300 | Tech-driven growth |
| June | ₹4000 | ₹4400 | Partnerships expand |
| July | ₹4100 | ₹4500 | Strong mid-year |
| August | ₹4200 | ₹4600 | Diversified revenue |
| September | ₹4300 | ₹4700 | Demand peaks |
| October | ₹4500 | ₹4900 | Festive season boost |
| November | ₹4800 | ₹5000 | Strong results |
| December | ₹5000 | ₹5500 | Year-end momentum |
Swiggy Share Price Target 2050
Swiggy dominance by 2050 By 2050 Swiggy will not only dominate the Indian market, but also be a major player in international markets.Technological Developments: Swiggy will set new standards for customer satisfaction and operational efficiency by incorporating AI, robotics and eco-friendly solutions.Innovative Delivery Solutions Investing in drone deliveries and carbon-neutral projects will transform the quick commerce sector by enhancing speed and sustainability.Smart Kitchens Revolution : Smart kitchens are a revolution in the way we cook and prepare food.
They will improve quality of products, while meeting consumer demands.Diversification: Swiggy is expanding into subscription-based services, health-focused meals and other offers. This will attract a wider customer base.Collaborations Strategic: Partnerships will increase Swiggy’s brand awareness and customer trust internationally.Growing Demand for Local Deliveries A growing preference for convenience will drive demand for local deliveries. Swiggy will be well-positioned to capitalize on this trend. Swiggy will be well-positioned to capitalize on this trend.
| Year | Minimum Target (₹) | Maximum Target (₹) | Remarks |
|---|---|---|---|
| 2050 | ₹8000 | ₹12000 | Diversified tech-driven ecosystem. |
| Month | Minimum Target (₹) | Maximum Target (₹) | Remarks |
|---|---|---|---|
| January | ₹8000 | ₹8200 | Stable start |
| February | ₹8100 | ₹8300 | Logistics growth |
| March | ₹8200 | ₹8500 | Premium demand rises |
| April | ₹8400 | ₹8800 | Seasonal boost |
| May | ₹8700 | ₹9100 | Global market gains |
| June | ₹9000 | ₹9500 | Ecosystem growth |
| July | ₹9200 | ₹9700 | Strong mid-year |
| August | ₹9500 | ₹10000 | Diversification leads |
| September | ₹10000 | ₹10500 | Demand peaks |
| October | ₹10500 | ₹11000 | Festive boost |
| November | ₹11000 | ₹11500 | Tech advancements |
| December | ₹11500 | ₹12000 | Year-end momentum |
Company Financials
The financial statements show that the Company has operated with losses ever since it was founded. This is because the Company had negative cash flow from operations over the last few years. However, these negative cash flows helped to lower the losses as well as increase revenues.
| Fiscal Year | Net Losses (₹ Cr) | Operating Revenue (₹ Cr) |
|---|---|---|
| FY22 | ₹3628.89 | ₹5704.89 |
| FY23 | ₹4179.30 | ₹8264.59 |
| Current Year | ₹2350.24 | ₹11247.39 |
Swiggy Share Price Forecast
Trident’s predictions for share prices show a trajectory of strong growth over the next decade. Price is expected to be between Rs340 and Rs530 in 2024 due to steady growth. With the diversification of services, it is expected that prices will rise to between Rs370-625 by 2025. By 2026, tech-driven growth will push prices up to Rs580 – Rs840. By 2028 market growth and innovation will lead to a further rise in price, up to Rs920-1260. Trident’s global growth and leadership will lead to a price range between Rs1460-2060 in 2030. By 2040, the industry’s dominance will increase the price from Rs1460-2060 to Rs3500-5000. Trident will be a leader in technology innovation by 2050 with a range of Rs8000-12000.
Comparison between Swiggy and Zomato
Swiggy & Zomato are the two leaders in Indian food delivery. Swiggy is still lagging behind Zomato when it comes to grocery delivery.
Zomato posted a net income of Rs351 crore in FY24 and was profitable during the first quarter of fiscal year 25. In FY24, the Company’s revenue total increased by 71% to Rs 12,114 crore. The total revenue included Rs6,161 from food delivery, and Rs2,301 from Blinkit’s grocery service. Instamart is Swiggy’s grocery service. It is far behind Zomato’s grocery operations. This means this segment still isn’t on an equal playing field.
| Metric | Value |
|---|---|
| EPS | 0.41 |
| PE Ratio | 742.50 |
| RoNW % | 1.72% |
| NAV | ₹23.14 |
| Income | ₹12,114 Cr. |
Peer Comparison
The Company plans to raise Rs3,750 crore through the issuance of new shares and the divestment of up to 185 286,265 existing shares.
The funds raised will be used to support Scootsy’s expansion, business debt repayment and investment plans.
A portion of funds will go to technology development, marketing, and other business needs.
The auction will feature Baron Emerging Markets Fund as well as Coatue PE Asia and DST Asia VI.
Goldman Sachs and Harmony Partners are also notable investors, as well as Norwest Venture Partners Accel, Alpha Wave Ventures, and Accel.
Tencent Cloud Europe is one of many global investors who participated in the event, including Apoletto Asia and Ark India Food-Tech Trust.
This auction shows increased confidence in future proposals and the Company’s growth strategies.
Should I Buy Swiggy Stock?
Financial reports from the Company show steady progress towards profitability. The company has reported higher profits and reduced its debt every year. The company has a number of projects pending that are expected to become profitable in future. The Company also invests heavily in research and development, which allows it to remain competitive in the industry.
| S.No. | Mar. 2022 | Mar. 2023 | Mar. 2024 |
|---|---|---|---|
| Sales (+) | 5705 | 8265 | 11247 |
| Expenses (+) | 9355 | 12538 | 13447 |
| Operating Profit | -3650 | -4273 | -2199 |
| OPM (%) | -64% | -52% | -20% |
| Other Income (+) | 239 | 438 | 341 |
| Interest | 48 | 58 | 71 |
| Depreciation | 170 | 286 | 421 |
| Profit Before Tax | -3629 | -4179 | -2350 |
| Tax (%) | 0% | 0% | 0% |
| Net Profit (+) | -3629 | -4179 | -2350 |
| EPS in ₹ | – | – | – |
| Dividend Payout (%) | 0% | 0% | 0% |
Swiggy Ltd Earning Results
The company’s total assets were Rs10341.24 crore as of June 30 2024. This is a slight decrease from Rs10529.42 crore reported in March 2024. The revenue for the period was Rs3,310.11 billion, which is a dramatic drop from Rs11634.35 billion in March 2024. In June 2024 the company reported a loss after tax (PAT), of Rs611.01 billion. This was a significant improvement from a loss of R2,350.24 billion in March 2024 but still higher than a loss of 4179.31 million in March 2023. Total borrowings rose to Rs256.61 from Rs211.19, while no borrowings were reported in previous years. Reserves and surplus were negative at Rs7.750.85 crores, a slight improvement from Rs7.880.85 crores in March 2024. Net worth was Rs7,444.99 billion, a significant decrease from the Rs7.791.46 billion in March 2024, and Rs12,266.91 in March 2022.
Swiggy Limited Contact Details
Bundl Technologies, the parent company for Swiggy, has its corporate office at Tower D, IBC Knowledge Park on Bannerghatta Road in Bangalore, India. For support, you can contact Partner Support at partnersupport@swiggy.in, Customer Support at support@swiggy.in, Careers at careers@swiggy.in, and Grievances at grievances@swiggy.in.
Conclusion
This article will cover the Company, its financial and operating performance as well as future perspectives. Our thorough research and analysis has led us to a share price prediction for the next year. The company plans to use the IPO money raised to expand and reduce its debt. Before investing in this Company, we recommend that you read the entire article.