by Zomato Share Price Target : Zomato has quickly become the go-to name in food delivery and restaurant discovery, revolutionising how people dine out and connect with local eateries. Over its existence as both an eatery discovery service and food delivery provider, it has also amassed millions of users, who trust Zomato for convenience and high-quality services such as restaurant reviews.Best restaurants near me.
As investors and market watchers contemplate what lies ahead for Zomato stock price, one question stands out. Will its share value continue its upward trajectory or experience further fluctuations between 2025-2050? In this post we explore what its long-term share price outlook could look like over this timeframe.
See More : Azad engineering limited share price target 2024 to 2030
Zomato Fundamental Analysis
The firm is valued at Rs2,39,685.78 crore. The company’s returns to equity (ROE) is 6.59 percent, while the rate of return of capital employed (ROCE) is 6.38 percent. Its price-to earnings (P/E) ratio of the company is 143.44 and the price-to-book (P/B) ratio stands at 9.92. Dividend yields 1.23 percent, while books value stands at Rs147.51 which has a face value of 1. Earnings per share (EPS) during the last 12 months (TTM) is Rs1.89. The company’s 52-week highest is Rs298.20 while the 52-week low Rs112.50.
| Metric | Value |
|---|---|
| Market Cap | ₹2,39,685.78 Cr. |
| ROE | 6.59 % |
| ROCE | 6.38% |
| P/E | 143.44 |
| P/B | 9.92 |
| Div. Yield | 1.23% |
| Book Value | ₹147.51 |
| Face Value | ₹1 |
| EPS (TTM) | ₹1.89 |
| 52 Week High | ₹298.20 |
| 52 Week Low | ₹112.50 |
Zomato Financials
Income Statement
| Metric | Value | Y/Y Change |
|---|---|---|
| Revenue | 121.14B | 71.13% |
| Operating expense | 79.89B | 36.89% |
| Net income | 3.51B | 136.15% |
| Net profit margin | 2.90% | 121.14% |
| Earnings per share | 0.40 | 133.33% |
| EBITDA | -1.62B | 87.95% |
| Effective tax rate | -20.62% | — |
Balance Sheet
| Metric | Value | Y/Y Change |
|---|---|---|
| Cash and short-term investments | 34.05B | -63.81% |
| Total assets | 233.56B | 8.13% |
| Total liabilities | 29.50B | 37.47% |
| Total equity | 204.06B | — |
| Shares outstanding | 8.68B | — |
| Price to book | 11.51 | — |
| Return on assets | -1.34% | — |
| Return on capital | -1.47% | — |
Cash Flow
| Metric | Value | Y/Y Change |
|---|---|---|
| Net income | 3.51B | 136.15% |
| Cash from operations | 6.46B | 176.54% |
| Cash from investing | -3.47B | -175.93% |
| Cash from financing | -2.07B | -62.99% |
| Net change in cash | 910.00M | 152.30% |
| Free cash flow | 4.82B | 608.84% |
Zomato Ltd: Market Overview
The stock opened at Rs256.00 and reached an intraday high of Rs257.95 before dropping to its low point of Rs246.50; its previous close was at Rs254.30. In total, 66,829,144 shares worth a value of Rs169,612.37 lakhs changed hands; volume-weighted average price (VWAP) stood at Rs251.09. Its upper circuit limit is set at Rs305.15 while lower limit stands at Rs203.45 with P/E ratio reaching 300.60 while dividend yielding is currently unavailable; over its 52 week journey it achieved highs of Rs298.25 while reaching lows of 101.25; this stock currently trades with market capitalisation standing at Rs2.21 lakh crores with face value set at Rs1. Zomato Share Price Target
Zomato Ltd Competitors
Here are five competitor companies of Zomato Ltd with estimated market capitalizations:
Swiggy Market Capitalization as of 2023%: Roughly $10 Billion
Foodpanda (Owned by Delivery Hero) : Market Cap: Part of Delivery Hero which boasts a Market Capitalization of over $4 Billion
Dunzo currently boasts an estimated market cap of approximately $4.5 billion as of 2023, and currently has an estimated market capitalization of approximately $775 million as per 2023.
Uber Eats Market Capitalization: Part of Uber Technologies, which boasts an estimated market cap of approximately $56 billion as of 2023)
Grab Market Capitalization: Approx. $12 Billion as of August 2018
Zomato Share Price Target 2024 To 2030
Zomato’s share price target should follow an upward trajectory in coming years, reaching Rs325, reaching Rs450 in 2025 before rising further to reach 534 by 2026 and eventually Rs955 by 2030. By 2024 it should reach Rs325. By 2025 it could hit Rs450 before hitting 534 again 2026 before rising further with targets set for 627 for 2027 to 709 2028 2029 2030 and eventually 9955 by 2030.
| Year | Share Price Target (₹) |
|---|---|
| 2024 | 325 |
| 2025 | 450 |
| 2026 | 534 |
| 2027 | 627 |
| 2028 | 709 |
| 2029 | 872 |
| 2030 | 955 |
Zomato Share Price Target 2024
Zomato share price target 2024 could hit Rs325. Here are three factors affecting Zomato’s share price target growth in 2024:
Zomato’s growth hinges upon expanding its services such as grocery delivery and cloud kitchens to bring in additional customers while driving revenue growth. Expanding these offerings could attract even more clients while driving up revenues at once.
Partnerships and Collaborations: Forming strategic alliances with restaurants, food brands and delivery service providers is key to expanding Zomato’s market presence and offering special promotions that entice more users onto its platform. Through strategic collaborations between these parties and Zomato can offer special deals that bring additional users onto its platform.
Market Competition: Zomato faces stiff market competition in food delivery services such as Swiggy and Uber Eats; these companies continually innovating their offerings while expanding services and adapting to customer trends, while managing pricing strategies effectively in 2024 will all play a part in its future growth and share price performance.
| Year | Minimum (₹) | Maximum (₹) |
|---|---|---|
| 2024 | 138.43 | 347 |
| Month (2024) | Minimum (₹) | Maximum (₹) |
|---|---|---|
| January | 138.43 | 215.67 |
| February | 142.58 | 220.56 |
| March | 146.86 | 225.57 |
| April | 151.26 | 230.71 |
| May | 155.79 | 236.00 |
| June | 180.47 | 241.40 |
| July | 205.28 | 247.04 |
| August | 210.24 | 282.81 |
| September | 225.35 | 298.73 |
| October | 230.61 | 304.80 |
| November | 236.03 | 321.02 |
| December | 241.61 | 347 |
Zomato Share Price Target 2025
Zomato share price target 2025 could reach Rs450; here are three factors affecting its growth that could contribute to that outcome:
Technological Advancements: Zomato’s operations could benefit significantly from adopting cutting edge technologies like artificial intelligence and machine learning, along with improvements to data analytics for enhanced customer insights and personalized experiences, leading to greater user engagement and loyalty.
Sustainability Initiatives: Responding to consumer preferences for more eco-friendly practices could compel Zomato to implement more eco-friendly initiatives, including cutting packaging waste and teaming up with food brands that prioritize sustainability. Such efforts may help attract environmentally aware customers while strengthening brand image.
Zomato’s international expansion can have an enormous impact on its share price, as successfully entering and establishing strong presences in new markets can significantly bolster Zomato’s share price growth potential. Doing this will diversify revenue streams while decreasing dependence on Indian markets thereby leading to long-term expansion and success for Zomato.
| Year | Minimum (₹) | Maximum (₹) |
|---|---|---|
| 2025 | 240.90 | 586.07 |
| Month (2025) | Minimum (₹) | Maximum (₹) |
|---|---|---|
| January | 240.90 | 318.90 |
| February | 248.13 | 337.27 |
| March | 255.57 | 345.89 |
| April | 263.24 | 364.77 |
| May | 271.14 | 383.91 |
| June | 279.27 | 393.33 |
| July | 337.65 | 403.03 |
| August | 356.28 | 413.02 |
| September | 405.17 | 455.31 |
| October | 414.32 | 483.91 |
| November | 423.75 | 514.83 |
| December | 433.46 | 586.07 |
Zomato Share Price Target 2030
Zomato Share Price Target in 2030 could reach Rs955. Here are three risks and challenges which could threaten Zomato’s share price target in 2030:
Competition Is Intense: Food delivery services like Swiggy and Uber Eats compete fiercely to secure customers, which could result in price wars, reduced profit margins and challenges in retaining them – potentially harming Zomato’s growth and share price in turn.
Regulation Changes: Zomato operates across various geographies and changes in regulations surrounding food safety, delivery operations and gig economy workers could pose risks. Stricter regulations could increase operational costs or restrict certain business practices negatively impacting profitability and market position.
Economic Conditions: Zomato’s revenue may be negatively affected by economic downturns and shifts in consumer spending habits, particularly if consumers prioritize essential purchases over dining out or ordering food online, potentially leading to less orders, which reduce revenue and consequently share price.
| Year | Minimum (₹) | Maximum (₹) |
|---|---|---|
| 2030 | 918.52 | 1178.52 |
| Month (2030) | Minimum (₹) | Maximum (₹) |
|---|---|---|
| January | 918.52 | 978.52 |
| February | 925.00 | 985.00 |
| March | 932.50 | 992.50 |
| April | 940.00 | 1000.00 |
| May | 947.50 | 1007.50 |
| June | 955.00 | 1015.00 |
| July | 962.50 | 1022.50 |
| August | 970.00 | 1040.00 |
| September | 977.50 | 1077.50 |
| October | 1055.00 | 1105.00 |
| November | 1092.50 | 1152.50 |
| December | 1050.00 | 1178.52 |
Should I buy Zomato stock?
Target share price targets for the company are as follows: in 2024, prices should fall between Rs138.43 and Rs347; 2025 will see targets between Rs240.90 and 586.07 with 2030 projected between Rs918.52 to 1178.52, 2040 will see targets between 1750.00 to 2000.00 with 2050 seeing prices range between 5500.00 to 65500.00 per share.
| Year | Minimum (₹) | Maximum (₹) |
|---|---|---|
| 2024 | 138.43 | 347 |
| 2025 | 240.90 | 586.07 |
| 2030 | 918.52 | 1178.52 |
| 2040 | 1750.00 | 2000.00 |
| 2050 | 5500.00 | 6500.00 |
Bull Case
Zomato has established themselves as an industry leader when it comes to meal delivery services and is well known.
Given a shift in customer tastes and rising internet access, online meal delivery holds enormous growth potential.
Prosperous is expanding to cover new territory by offering more comprehensive services and expanding our reach in uncharted waters.
Investments in technology and ongoing innovation to reduce delivery times and enhance customer experiences are paramount to improving delivery services and the customer journey.
Long term, it is anticipated that company finances, specifically sales growth and profitability, should show signs of improvement.
Bear Case
Rivalry among food delivery services like Uber Eats and Swiggy is fierce.
Operations could be affected by changes to regulations related to data privacy, food safety and labour legislation.
Possible interruptions to supply chains and dependence upon third-party delivery carriers.
Spending excessively on advertising to maintain customer base size.
Profitability and viability of meal delivery models remain uncertain at present.
Zomato Ltd Earnings Results
Zomato has consistently delivered profitable financial outcomes over multiple quarters, and Q2 2024 saw this trend continue. Growth was spurred by expansion within both their main food delivery service as well as fast commerce subsidiary Blinkit.
| Release Date | Period End | EPS Actual | EPS Forecast | EPS Surprise | Revenue Actual | Revenue Forecast | Revenue Surprise |
|---|---|---|---|---|---|---|---|
| Jul 30, 2024 | 06/2024 | 0.315 | 0.32 | 39.79B | 39.79B | ||
| May 13, 2024 | 03/2024 | 0.2 | 0.2065 | 0.01 | 35.62B | 34.57B | +1.05 |
| Feb 07, 2024 | 12/2023 | 0.16 | 0.1266 | +0.03 | 32.88B | 31.52B | +1.36 |
| Nov 17, 2023 | 09/2023 | 0.04 | 0.0359 | 0 | 28.48B | 26.39B | +2.09 |
| Aug 01, 2023 | 06/2023 | 0.0209 | 24.16B | 23.94B | +0.22 |
Zomato Ltd Shareholding Pattern
The ownership distribution for this company can be divided as follows: 30.12% is held by retail and other investors while promoters own nothing at all; 52.53% belongs to foreign institutions while mutual funds hold 13.57% and other domestic institutions account for 3.77% total shares owned.
Expert Forecasts on the Future of Zomato Ltd.
Top financial experts from Goldman Sachs, Morgan Stanley and JP Morgan have provided positive predictions for Zomato. Investors who trust in its ability to overcome hurdles and seize development possibilities continue to view Zomato in positive terms.
Conclusion
Zomato’s share price target between 2024-2030 represents its potential in an ever-evolving food delivery industry. Through strategic management and diversification efforts, the company could make significant strides. Investors should remain cautious regarding risks such as market competition or regulatory hurdles before investing. A thorough study and long-term planning is key before diving in!
