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In this blog post, we will explore the Zomato share price targets for 2024, 2025, 2030, 2040 and 2050, through the research of Market Trends, Company Financials and other financials expert’s opinions.
So, without wasting any time let’s jump into the article. Before analysis its financials let’s take a look what it is and their profile in short intro.
What is Zomato Ltd.?
Zomato Ltd., an Indian multinational restaurant aggregator and food delivery corporation, was established in 2008 by Deepinder Goyal and Pankaj Chaddah. It offers restaurant details, menus, user reviews, and food delivery services from partnered restaurants in over 1,000 Indian cities and towns as of 2022–23. Zomato competes with Swiggy in the food delivery and hyperlocal sectors.
Company Profile
| Trade Name | Zomato |
| Formerly | FoodieBay (2008-2010) |
| Company Type | Public |
| Traded As | BSE: 543320, NSE: Zomato |
| ISIN | INE758T01015 |
| Industry | Online food Delivery |
| Founded | July 2008 (15 years ago) |
| Founders | Deepinder Goyal, Pankaj Chaddah |
| Headquarters | Gurgaon, Haryana, India |
| Area Served | India |
| CEO | Deepinder Goyal |
| Services | Food delivery, Table reservation |
| Revenue | ₹7,079 crore (US$890 million) (FY23) |
| Owners | Info Edge (13.71%), Antfin Singapore (4.3%), Deepinder Goyal (4.24%) |
| Number of Employees | 6,173 (2023) |
| Subsidiaries | Blinkit, Hyperpure |
| Website | www.zomato.com |
Zomato Ltd. Fundamentals
| Market Cap | ₹ 1,69,428.05 Cr. |
| Enterprise Value | ₹ 1,69,029.75 Cr. |
| Number of Shares | 881.98 Cr. |
| P/E | 146.47 |
| P/B | 7.68 |
| Face Value | ₹ 1 |
| Dividend Yield | 0 % |
| Book Value (TTM) | ₹ 25.01 |
| Cash | ₹ 398.30 Cr. |
| Debt | ₹ 0 Cr. |
| Promoter Holding | 0 % |
| EPS (TTM) | ₹ 1.31 |
| Sales Growth | 30.36 % |
| ROE | 0.67 % |
| ROCE | 0.71 % |
| Profit Growth | 110.65 % |
Zomato Share Price Target 2024, 2025, 2030, 2040, 2050
Zomato Share Price Target 2024
| Year | Zomato Share Price Target 2024 |
|---|---|
| 2024 | ₹190 to ₹360 |
Zomato’s 2024 stock price target varies depending on brokerage firms, but most analysts are bullish. Targets range from ₹190 to ₹360. Recent strong financials, including a profit for the third straight quarter, and the growth of Blinkit, their quick commerce arm, contribute to the optimism.
JM Financial is most bullish with a target of ₹260 citing Blinkit’s potential. While Zomato’s stock has already risen significantly this year, analysts believe there’s room for further growth.
Also Read: DMART Share Price Target 2024, 2025, 2030, 2040 to 2050
Zomato Share Price Target 2025
| Year | Zomato Share Price Target 2025 |
|---|---|
| 2025 | ₹340 to ₹840 |
Analysts’ predictions for Zomato’s share price in 2025 vary, but there’s some optimism. Our projections range from ₹340 to ₹840.49. This spread reflects the inherent uncertainty of stock markets.
Factors like Zomato’s growth in revenue, profitability (they’re aiming for breakeven by 2025), and the success of Blinkit (their quick commerce arm) will influence the price. Brokerage firms are generally positive, with some raising their target prices and maintaining “buy” recommendations.
Also Read: HDFC Bank Share Price Target 2024, 2025, 2030, 2040, 2050
Zomato Share Price Target 2030
| Year | Zomato Share Price Target 2030 |
|---|---|
| 2030 | ₹2200 to ₹2540 |
In Zomato’s 2030, Analyst estimates range widely from ₹2200 to a bullish ₹2500+. This could be possible on Zomato’s sustained growth, profitability, and success of ventures like Blinkit, capitalizing on India’s booming online food market.
Also Read: Gold Resource Corp Share Price Prediction 2024, 2025 to 2030
Zomato Share Price Target 2040
| Year | Zomato Share Price Target 2040 |
|---|---|
| 2040 | ₹5500 to ₹6500 |
In reality, It is hard to predict such a long price targets of any stock. But after research a lot on company’s financials, we conclude and think that If zomato ltd. continuously grow then their share price would been stands between ₹5500 to ₹6500 in 2040.
Also Read: TATA Tech Share Price Target 2024, 2025 to 2030
Zomato Share Price Target 2050
| Year | Zomato Share Price Target 2050 |
|---|---|
| 2050 | ₹11000 to ₹12000 |
According to our analysis, zomato share price expected to stand between ₹11000 to ₹12000 in 2050.
Also Read: RIL Share Price Target 2024, 2025 to 2030
How healthy Zomato Ltd. Balance Sheet?
| Equity and Liabilities (in Crores) | MAR 2019 | MAR 2020 | MAR 2021 | MAR 2022 | MAR 2023 |
|---|---|---|---|---|---|
| Share Capital | 243.75 | 252.43 | 454.90 | 764.30 | 836.40 |
| Total Reserves | 2,568.70 | 601.41 | 7,754.50 | 16,002.90 | 19,970.40 |
| Borrowings | 0 | 0 | 0 | 0 | 0 |
| Other N/C liabilities | 61.03 | 1,468.93 | 66.40 | 70.40 | 184.50 |
| Current liabilities | 615.74 | 662.57 | 472.50 | 663.10 | 937 |
| Total Liabilities | 3,489.21 | 2,985.35 | 8,748.30 | 17,500.70 | 21,928.30 |
| Assets (in Crores) | MAR 2019 | MAR 2020 | MAR 2021 | MAR 2022 | MAR 2023 |
|---|---|---|---|---|---|
| Net Block | 173.87 | 1,579.51 | 1,450.50 | 1,347.50 | 1,402.30 |
| Capital WIP | 0.32 | 0 | 0 | 0 | 0 |
| Intangible WIP | 0.42 | 0.77 | 0.10 | 0 | 0 |
| Investments | 403.07 | 200.31 | 311.70 | 3,535.60 | 8,861.90 |
| Loans & Advances | 7.20 | 17.66 | 8 | 79.20 | 1,075.50 |
| Other N/C Assets | 3.30 | 5.04 | 3,002 | 5,201.60 | 1,845.10 |
| Current Assets | 2,901.04 | 1,182.06 | 3,976 | 7,336.80 | 8,743.50 |
| Total Assets | 3,489.21 | 2,985.35 | 8,748.30 | 17,500.70 | 21,928.30 |
Zomato Ltd. Stock Analysis Report: It is worth to Invest In?
Zomato Ltd. other key financials that you need to remember when analyzing this stock:
- PE Ratio: This ratio indicates how much investors are willing to pay for each rupee of earnings. Zomato’s high PE ratio of 146.47 suggests it may be overvalued.
- Share Price: Zomato’s current share price is Rs 192.10, and investors can use valuation calculators to determine if it’s undervalued or overvalued.
- Return on Assets (ROA): ROA measures how effectively a company can generate income from its assets. Zomato’s ROA of 0.59% indicates a potential concern for future performance.
- Current Ratio: This ratio reflects a company’s ability to cover short-term liabilities with short-term assets. Zomato’s high current ratio of 9.33 indicates stability against unexpected business or economic challenges.
- Return on Equity (ROE): ROE gauges a firm’s ability to generate profits from shareholder investments. Zomato’s ROE of 0.67% is relatively low.
- Debt to Equity Ratio: This metric assesses a company’s capital structure and performance. Zomato’s D/E ratio of 0 indicates a low proportion of debt in its capital.
- Inventory Turnover Ratio: This ratio evaluates inventory liquidity. Zomato’s high inventory turnover ratio of 15,691.33 signifies efficient inventory and working capital management.
- Sales Growth: Zomato’s reported revenue growth of 30.36% is satisfactory considering its growth and performance.
- Operating Margin: Zomato’s operating margin for the current financial year is -11.96%, indicating operational inefficiency.
- Dividend Yield: Zomato’s current dividend yield is 0%, as it has not paid dividends this year.
👍 Strengths
- Over the past 3 years, the company has demonstrated robust profit growth of 26.99% and revenue growth of 26.30%.
- The company maintains a virtually debt-free status.
- It boasts an efficient Cash Conversion Cycle of 8.91 days.
- With a current ratio of 9.33, the company enjoys a healthy liquidity position.
👎 Weakness
- Over the past 3 years, the company has recorded a poor Return on Equity (ROE) of -10.60% and a poor Return on Capital Employed (ROCE) of -9.14%.
- The company benefits from a low tax rate of 0.26%.
- However, it struggles with a low EBITDA margin of -71.40% over the past 5 years.
- Additionally, it trades at a high Price-to-Earnings (PE) ratio of 146.47 and a high Enterprise Value-to-EBITDA (EV/EBITDA) ratio of 134.98.
How Zomato shares Grew by 5 Times in Just 2 years?
FAQs
Does Zomato Ltd. Pay Dividends?
Currently Zomato does not pay any dividends.
What is the Zomato stock price target for 2025?
According to our projections, zomato share price expected to stands between ₹340 to ₹840 in end of the year 2025.
What is the Zomato stock price target for 2030?
Zomato stock price expected to stands between ₹2200 to ₹2540 in 2030.
