In this article we will share the Zomato share price target 2024-2025-2030 based on financial and technical anlaysis of zomato , we will also see is zomato really good for long term investing or not ? our analsyis is based on our experience, research, market trends, history.
Zomato stock business information
Zomato Limited, originally incorporated as a Private Limited Company under the name ‘DC Foodiebay Online Services Private Limited’ in New Delhi on January 18, 2010, underwent several name changes and transformations over the years:
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- On May 16, 2012, the company changed its name to ‘Zomato Media Private Limited,’ and a new Certificate of Incorporation was issued on May 25, 2012, by the Registrar of Companies (RoC).
- Subsequently, on April 3, 2020, the company changed its name to ‘Zomato Private Limited.’
- On April 9, 2021, the company converted into a Public Limited Company and changed its name to ‘Zomato Limited.’
Zomato operates a technology platform that connects various stakeholders in the food industry, including customers, restaurant partners, delivery partners, and call center operators, serving a range of needs. The platform offers multiple services to customers, such as searching for and discovering restaurants, reading and writing reviews, uploading photos, ordering food, booking tables, and making payments while dining out.
The company primarily focuses on two core business-to-customer (B2C) offerings:
- Food Delivery: Zomato offers food delivery services, allowing customers to order food from restaurants and have it delivered to their doorstep.
- Dining-Out: Zomato also facilitates dining-out experiences, where customers can book tables and dine at restaurants.
In addition to these B2C offerings, Zomato also provides business-to-business (B2B) services and Hyperpure, a part of its business. Another significant component of the company’s business is Zomato Pro, a customer loyalty program that covers both food delivery and dining-out. These offerings are designed to enhance the value of the Zomato platform for customers, attract new customers, and deepen engagement with existing ones. The company believes that its services contribute to improving the Assortment, Affordability, Accessibility, and Quality (AAAQ) of restaurant food for customers, thereby promoting growth in the restaurant industry.
| Metric | Value |
|---|---|
| Market Cap | ₹84,469 Cr |
| ROCE (TTM) | -4.84% |
| P/E Ratio (TTM) | NA |
| P/B Ratio | 4.34 |
| Industry P/E | 130.65 |
| Debt to Equity | 0.03 |
| ROE | -4.99% |
| EPS (TTM) | NA |
| Dividend Yield | NA |
| Book Value | ₹23 |
| Face Value | ₹1 |
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zomato for long term investing ?
| Strengths | Limitations |
|---|---|
| 1. Profit Growth (Past 3 years) – 26.99% | 1. ROE (Past 3 years) – (-10.60%) |
| 2. Revenue Growth (Past 3 years) – 26.30% | 2. ROCE (Past 3 years) – (-9.14%) |
| 3. Virtually Debt-Free | 3. Tax Rate – Low (0.26) |
| 4. Efficient Cash Conversion Cycle (8.91 days) | 4. EBITDA Margin (Past 5 years) – (-71.40%) |
| 5. Healthy Liquidity (Current Ratio – 9.33) | 5. PE Ratio – High (163.75) |
| 6. EV/EBITDA – High (125.42) |
The Zomato platform has introduced a unique approach to the stock market through its distinctive listing and subscription demands, as well as the Zomato IPO price. However, it’s worth noting that the market capitalization of Zomato’s stock has recently fallen below the ₹1 lakh crores mark. The stock market performance of Zomato has been rather volatile. Nevertheless, industry leaders are of the opinion that this presents an excellent opportunity to include Zomato shares in their investment portfolios for long-term strategies. Zomato stands out as one of the fastest-growing entities in the industry. It is well-funded and boasts profitable unit-level metrics. Experts in the share market are convinced that Zomato shares offer more than just the advantages associated with their listing.
Since their IPO, Zomato share prices have demonstrated a strong presence in the stock market. Therefore, Zomato shares could be an appealing investment option, especially if you are seeking higher returns over the long term.
Zomato share price target 2024-2025-2030
Zomato Share Price Target 2023 to 2030
In this analysis, we will share into the recent performance of Zomato’s shares and provide well-researched share price targets for various years, spanning from 2023 to 2030. These targets are based on our knowledge and market forecasting, although it’s important to remember that unforeseen market fluctuations and economic changes can influence share prices, so prudent investment practices are advised.
| Year | Minimum Target | Maximum Target | Factors Driving Target |
|---|---|---|---|
| 2023 | INR 80 | INR 100 | Expansion, revenue growth, market share |
| 2024 | INR 120 | INR 150 | Operational efficiency, customer adoption, industry dynamics |
| 2025 | INR 180 | INR 220 | Innovation, technology, market expansion, customer loyalty |
| 2026 | INR 250 | INR 300 | Business expansion, cost management, market opportunities |
| 2027 | INR 300 | INR 350 | New market penetration, technological advancements |
| 2030 | INR 400 | INR 500 | Sustained expansion, market leadership, diversification |
Zomato Share Price Target 2023
As of May 27, 2023, with Zomato’s current share price at INR 67, the minimum target for 2023 is projected at approximately INR 80. This projection takes into account Zomato’s ongoing expansion initiatives, consistent revenue growth, and an increasing market share.
However, it’s vital to acknowledge that unexpected market volatility or economic downturns can influence share prices, emphasizing the importance of cautious investment decisions. The maximum target for 2023 could reach around INR 100 if Zomato continues to display strong financial performance and effectively capitalizes on market opportunities.
Zomato Share Price Target 2024
For 2024, Zomato’s share price target could see further growth, potentially reaching a minimum target of INR 120. Factors contributing to this growth might include improved operational efficiency, increased customer adoption, and favorable industry dynamics.
A maximum target of INR 150 might be attainable if Zomato continues expanding its market presence, forging strategic partnerships, and demonstrates sustained revenue and profit growth.
Zomato Share Price Target 2025
In 2025, Zomato’s share price is anticipated to continue its upward trajectory. With a heightened focus on innovation, technology, and customer-centric strategies, Zomato could achieve a minimum target of approximately INR 180. Expanding into new geographies, optimizing delivery networks, and fostering customer loyalty could play pivotal roles in reaching this target.
The maximum target for 2025 might reach INR 220 if Zomato maintains its strong market position, diversifies revenue streams, and sustains profitability.
Zomato Share Price Target 2026
By 2026, Zomato’s share price could aspire to a minimum target of INR 250, driven by sustained business expansion, increased market dominance, and effective cost management. The maximum target for this year might reach INR 300 if Zomato capitalizes on emerging market opportunities and exhibits consistent financial performance.
Zomato Share Price Target 2027
In 2027, Zomato’s share price might set a minimum target of INR 300, considering its potential to penetrate new markets, drive technological advancements, and strengthen its competitive edge. The maximum target could be projected at INR 350, assuming continued business growth and favorable industry conditions.
Zomato Share Price Target 2030
Looking further ahead to 2030, the share price target could range from a minimum of INR 400 to a maximum of INR 500. This would be driven by Zomato’s sustained expansion, market leadership, and potential entry into new sectors or complementary industries.
FAQ about Zomato share price target 2024-2025-2030| zomato for long term investing ?
What is the main business of zomato ?
Ans) Zomato primarily operates in the food delivery sector. It not only facilitates food delivery but also recommends local and nearby restaurants to customers, enabling them to place orders directly with these establishments. Zomato’s global reach extends to more than 24 countries.
Is zomato a good stock for long term ?
Ans)Based on our analysis, zomato is a good stock