Zomato Share Price: Latest Stock Updates & Trends

Zomato Share Price

As I enjoy my morning coffee, I think about the stock market's changes. Zomato's growth has caught everyone's eye. Its share price is a big topic of talk. Let's explore the latest news and trends about Zomato's stock.

Zomato Share Price: Current Trends and Movement

The zomato share price has caught the eye of many investors in India. On October 3, 2024, Zomato's share price was Rs 269.00, a 1.88% drop from the day before. Yet, the stock has seen a 10.77% rise in the last month, showing investors' faith in its future.

Zomato's market value is now Rs 237,644.69 crore, making it a major player in online food and restaurant discovery. The company's financials are impressive, with a price-to-earnings ratio of 151.98 and a price-to-book ratio of 10.43.

Analyzing Zomato's Key Metrics

Zomato's financials show a return on equity of 6.01% and a one-year performance of 155.46%. The company made Rs 1,371 crore in net profit and Rs 6,622 crore in net sales for the year ending March 31, 2024. Its debt-to-equity ratio is 0.00, showing a solid financial standing.

Compared to its rivals, Zomato shines. For example, IRCTC's share price is Rs 886.40, with a market cap of Rs 70,912.00 crore. IRCTC's price-to-book ratio is 21.96, and its return on equity is 34.40%. Nykaa's share price is Rs 194.96, with a market cap of Rs 55,718.36 crore and a price-to-earnings ratio of 374.92.

Zomato's strong market position, solid financials, and competitive edge set it up for more growth in India's food tech sector.

Fundamentals: Analyzing Zomato's Key Metrics

Fundamentals - Analyzing Zomato Key Metrics

Zomato is a top name in online food delivery and restaurant discovery. Its financials and key metrics show its growth and market strength. Let's look at the numbers that highlight Zomato's success.

Zomato's Gross Order Value (GOV) hit Rs. 213 billion in FY22. It had about 14.7 million users every month. The company works in over 1,000 cities in India, teaming up with more than 180,000 restaurants. In July 2021, Zomato raised Rs. 1.3 billion in its IPO, a big deal in India.

Looking at Zomato's finances, its Hyperpure segment makes Rs. 16 billion a year. It had a 9M Adj. EBITDA margin of -15% in 2022. The Quick Commerce segment is also growing fast, with 3.1 million users monthly and Rs. 17.49 billion in GOV in Q3FY23.

Zomato's food delivery business saw a huge 4x jump in Gross Order Value from FY19 to FY22. This was due to more orders and higher average order values. The company's Adjusted EBITDA for online delivery has also improved a lot over four years.

On the profitability side, Zomato's Basic EPS has been between Rs. 1.61 and -5.61 from March 2020 to March 2024. Its Return on Net Worth/Equity has changed a lot, showing ups and downs. Zomato's Current Ratio has also varied, showing its liquidity.

Zomato's market cap is Rs. 223,032.5 crore, with a PE ratio of 635.42. Its debt-to-equity ratio is 2.6. The company's return on equity is -5.4%, showing its focus on improving operations.

Zomato's financials show its strong market position and growth. As it expands and finds new ways to make money, investors and analysts will watch closely. They want to see how Zomato will do in the future.

Zomato's Competitive Edge

Zomato leads in online food delivery and finding restaurants. It uses a user-friendly platform and works with many restaurants. This keeps it ahead of rivals.

Zomato's stock started at ₹74 and hit ₹169 in late 2021. But now, it's at ₹41.65 on July 26, 2022. Still, Zomato remains a top player.

Diversified Revenue Streams

Zomato makes money in many ways. It includes food delivery, dining out, and subscription services like Zomato Pro. It also works in supply chain management and cloud kitchens. This variety helps it handle tough times and find new chances to grow.

Unique Competitive Advantages

• Strong brand recognition
• Extensive database of restaurants and reviews
• Innovative technology stack
• Robust network of partnerships leading to market penetration in various cities

Zomato's net profit for Q1FY25 jumped to Rs 2.5 billion. This is up from Rs 20 million a year ago. The revenue for the quarter also grew to Rs 44.4 billion, from Rs 26 billion before.

The company's gross order value rose by 53% to Rs 154.6 billion. Despite challenges like antitrust actions and inflation, Zomato stays on top. Its diverse income and strong position keep it leading in online food delivery and restaurant discovery.

Peer Comparison and Industry Outlook

Peer Comparison and Industry Outlook

Zomato is a top name in online food delivery and finding restaurants. It's often compared to IRCTC, FSN E-Commerce Ventures (Nykaa), One97 Communications (Paytm), and Just Dial. These companies work in consumer services and tech, helping us see how Zomato stacks up.

Zomato Ltd has a market cap of ₹2,37,468 crores, way above its rivals. In the last quarter, it made a net profit of ₹470 crores and sales of ₹2,048 crores. This shows its financial strength. On the other hand, Paytm lost ₹824.6 crores in the same time.

Zomato's Price-to-Sales (P/S) ratio is 16.8x, much higher than the average of 4.9x and 5.1x for the industry and peers. This makes the stock seem pricey compared to others.

Still, the outlook for the industry is bright. More people are using digital platforms and wanting online food delivery. Analysts predict a price of ₹278.65 for Zomato, a 3.6% rise from its current price. This suggests the stock might be a bit underpriced, according to experts.

Zomato Share Price: Analyst Recommendations and Insights

Zomato Competitive Edge

As an investor, I'm always eager to learn about Zomato's stock from experts. Refinitiv says 24 analysts recommend buying Zomato stock. This includes 12 analysts who strongly recommend it, 9 who suggest buying, 1 who advises holding, and 2 who suggest selling.

This shows most analysts are optimistic about Zomato's future. They believe the company has great growth potential. The target price for Zomato is Rs 325, which is higher than its current price of Rs 269.

This suggests analysts are confident in Zomato's ability to perform well. They think it will create value for its shareholders. I'm interested in seeing how Zomato's strengths and its place in the market support these positive views.

The outlook for Zomato's share price looks good based on analyst opinions. While investing always comes with risks, experts seem to think Zomato is ready to grow. I'll keep an eye on Zomato's stock and business strategy as I continue my research.

FAQ

What have been the key trends in Zomato's share price in the last 3 years?

In the last 3 years, Zomato's share price has been quite stable. Only 4.91% of its trading sessions saw a drop of more than 5%. This shows a steady performance.

How have Zomato's operating expenses been distributed?

Zomato's spending is well managed. It spends less than 1% on interest and 13.69% on employee costs. This is based on its financials for March 31, 2024.

What was Zomato's share price movement on October 3, 2024?

On October 3, 2024, Zomato's share price fell by -1.88%. It closed at Rs 269.00, down from Rs 274.15 the day before.

How has Zomato's share price performed recently?

Recently, Zomato's share price has seen some ups and downs. It traded at Rs 269.00 on October 3, 2024, a 1.88% drop from the day before. Yet, it has risen by 10.77% in the last month, showing positive market sentiment.

What are Zomato's key financial metrics?

Zomato's financials are impressive. It has a PE ratio of 394.43 and an EPS of Rs 0.68. Its market cap is Rs 2,37,445 crore. The PB ratio is 11.63, and the dividend yield is 0%. In the Services sector, it ranks first by market cap.

What is Zomato's competitive edge in the market?

Zomato leads in online food delivery and restaurant discovery. It benefits from the digital ordering trend. Its user-friendly platform and wide restaurant network solidify its market position.

How do Zomato's key peers perform in comparison?

Zomato's peers include IRCTC, FSN E-Commerce Ventures (Nykaa), One97 Communications (Paytm), and Just Dial. These companies are in the consumer services and technology sectors. Their financials help compare Zomato's performance.

What do analysts recommend regarding Zomato's stock?

Refinitiv shows 24 analysts recommend buying Zomato stock. The breakdown is 12 Strong Buys, 9 Buys, 1 Hold, and 2 Sells. The target price is Rs 325, suggesting potential growth.