Zomato is a prominent Indian multinational restaurant aggregator and food delivery company, established by Deepinder Goyal and Pankaj Chaddah in 2008. With a comprehensive presence, Zomato offers a wealth of information, including menus and user reviews, for restaurants across more than 1,000 cities and towns in India as of 2022–23.
Since its incorporation in 2010, Zomato Limited has emerged as a leading online food service platform, boasting a substantial volume of food sales. Notably, the company stands out as being nearly debt-free, reflecting its strong financial position and growth potential in the ever-evolving food service industry.
| When | Maximum Price | Minimum Price |
| June 2024 | 200.88 | 174.68 |
| July 2024 | 198.87 | 172.93 |
| August 2024 | 206.83 | 179.85 |
| September 2024 | 215.10 | 187.04 |
| October 2024 | 210.88 | 183.38 |
| November 2024 | 217.21 | 188.88 |
| December 2024 | 222.64 | 193.60 |
Zomato’s share price is expected to fluctuate between ₹174.68 and ₹222.64 from June to December 2024.
Currently priced at ₹186 with a market cap of ₹1,64,260 Cr, the stock has a P/E of 468 and a book value of ₹23.1, with a 52-week high/low of ₹207/72.6
| When | Maximum Price | Minimum Price |
| January 2025 | 227.09 | 174.69 |
| February 2025 | 232.91 | 179.16 |
| March 2025 | 242.00 | 186.15 |
| April 2025 | 237.25 | 182.50 |
| May 2025 | 230.34 | 177.19 |
| June 2025 | 240.71 | 185.16 |
| July 2025 | 235.99 | 181.53 |
| August 2025 | 243.29 | 187.14 |
| September 2025 | 251.80 | 193.69 |
| October 2025 | 258.35 | 198.73 |
| November 2025 | 264.81 | 203.70 |
| December 2025 | 271.43 | 208.79 |
Zomato’s share price for 2025 is projected to range between ₹174.69 and ₹271.43, indicating a potential steady growth from January to December, reflecting a positive outlook for the company.
| When | Maximum Price | Minimum Price |
| January 2026 | 279.57 | 215.05 |
| February 2026 | 286.74 | 220.57 |
| March 2026 | 297.92 | 229.17 |
| April 2026 | 292.08 | 224.68 |
| May 2026 | 283.57 | 218.13 |
| June 2026 | 296.33 | 227.95 |
| July 2026 | 290.52 | 223.48 |
| August 2026 | 299.51 | 230.39 |
| September 2026 | 309.99 | 238.45 |
| October 2026 | 318.05 | 244.65 |
| November 2026 | 326.00 | 250.77 |
| December 2026 | 334.15 | 257.04 |
| When | Maximum Price | Minimum Price |
| January 2027 | 340.83 | 262.18 |
| February 2027 | 349.57 | 268.90 |
| March 2027 | 363.21 | 279.39 |
| April 2027 | 356.09 | 273.91 |
| May 2027 | 345.71 | 265.93 |
| June 2027 | 361.27 | 277.90 |
| July 2027 | 354.19 | 272.45 |
| August 2027 | 365.14 | 280.88 |
| September 2027 | 377.92 | 290.71 |
| October 2027 | 387.75 | 298.27 |
| November 2027 | 397.44 | 305.72 |
| December 2027 | 407.38 | 313.37 |
| When | Maximum Price | Minimum Price |
| January 2028 | 415.53 | 319.63 |
| February 2028 | 426.18 | 327.83 |
| March 2028 | 442.80 | 340.62 |
| April 2028 | 434.12 | 333.94 |
| May 2028 | 421.47 | 324.21 |
| June 2028 | 440.44 | 338.80 |
| July 2028 | 431.80 | 332.16 |
| August 2028 | 445.16 | 342.43 |
| September 2028 | 460.74 | 354.42 |
| October 2028 | 472.72 | 363.63 |
| November 2028 | 484.54 | 372.72 |
| December 2028 | 496.65 | 382.04 |
| When | Maximum Price | Minimum Price |
| January 2029 | 506.58 | 389.68 |
| February 2029 | 519.57 | 399.67 |
| March 2029 | 539.84 | 415.26 |
| April 2029 | 529.25 | 407.12 |
| May 2029 | 513.84 | 395.26 |
| June 2029 | 536.96 | 413.04 |
| July 2029 | 526.43 | 404.95 |
| August 2029 | 542.71 | 417.47 |
| September 2029 | 561.71 | 432.08 |
| October 2029 | 576.31 | 443.32 |
| November 2029 | 590.72 | 454.40 |
| December 2029 | 605.49 | 465.76 |
| When | Maximum Price | Minimum Price |
| January 2030 | 617.60 | 475.07 |
| February 2030 | 633.43 | 487.26 |
| March 2030 | 658.14 | 506.26 |
| April 2030 | 645.23 | 496.33 |
| May 2030 | 626.44 | 481.88 |
| June 2030 | 654.63 | 503.56 |
| July 2030 | 641.79 | 493.69 |
| August 2030 | 661.64 | 508.95 |
| September 2030 | 684.80 | 526.77 |
| October 2030 | 702.60 | 540.46 |
| November 2030 | 720.17 | 553.98 |
| December 2030 | 738.17 | 567.82 |
Financial Condition of ZOMATO: Last 5 Years
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Sales (Rs. Crores) | 1,313 | 2,605 | 1,994 | 4,192 | 7,079 | 12,114 |
| Expenses (Rs. Crores) | 3,556 | 4,909 | 2,461 | 6,043 | 8,290 | 12,072 |
| Operating Profit (Rs. Crores) | -2,243 | -2,305 | -467 | -1,851 | -1,211 | 42 |
| OPM % | -171 | -88 | -23 | -44 | -17 | 0 |
| Other Income (Rs. Crores) | 1,285 | 16 | -200 | 793 | 682 | 847 |
| Interest (Rs. Crores) | 9 | 13 | 10 | 12 | 49 | 72 |
| Depreciation (Rs. Crores) | 43 | 84 | 138 | 150 | 437 | 526 |
| Profit before tax (Rs. Crores) | -1,010 | -2,386 | -815 | -1,220 | -1,015 | 291 |
| Tax % | 0% | 0% | -0% | -0% | 4% | -21% |
| Net Profit (Rs. Crores) | -1,010 | -2,386 | -816 | -1,222 | -971 | 351 |
| EPS (Rs) | -28,574.18 | -70,096.54 | -23,123.76 | -1.54 | -1.14 | 0.40 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Over the past five years, Zomato has seen significant fluctuations in its financial performance. From 2019 to 2024, sales increased from ₹1,313 Crores to ₹12,114 Crores, reflecting substantial growth. However, expenses also rose sharply, leading to consistent operating losses until 2024, when Zomato finally achieved a modest operating profit of ₹42 Crores.
Despite negative operating profit margins for most years, improvements in other income and a reduction in net losses were notable. The net profit turned positive in 2024 with ₹351 Crores, marking a significant turnaround from the previous years’ losses. The company’s earnings per share (EPS) improved from substantial negative figures to ₹0.40 in 2024, indicating a positive outlook.
FAQS
As of June 16th, 2024, Zomato’s shares are currently valued at INR 186.
Taking into account the present market trends and thorough market analysis, the projected share price range for Zomato in 2025 is estimated to be between ₹174.69 (minimum) and ₹271.43 (maximum).
Considering our price prediction, it is improbable that Zomato’s share price will reach 500 INR by the conclusion of 2026.
Is Zomato a good stock to buy?
Many investors view Zomato as an attractive investment due to its robust financial performance, market positioning, and growth prospects. Nonetheless, conducting personal research and seeking guidance from a financial advisor are crucial steps before making any investment choices.
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Conclusion
Zomato’s strategic initiatives, nearly debt-free status, and sustained market presence contribute to a positive outlook, reflected in its rising stock prices. The financial condition from 2019 to 2024 reveals fluctuating yet improving trends, showcasing the company’s resilience and growth potential in the competitive food service industry. While Zomato is considered an attractive investment, thorough research and consultation with financial advisors are recommended before making investment decisions.
Last updated: 16th June 2024.
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