Zomato is an Indian multinational restaurant aggregator and food delivery company founded by Deepinder Goyal and Pankaj Chaddah in 2008.
Zomato Overview
| Feature | Description |
|---|---|
| Founded | 2008 |
| Founders | Deepinder Goyal and Pankaj Chaddah |
| Headquarters | Gurgaon, India |
| Industry | Restaurant aggregator and food delivery |
| Area served | Over 24 countries and 10,000 cities |
| Employees | Over 9,000 |
| Revenue | ₹4,192 crore (US$540 million) (2022) |
Zomato Products
| Product | Description |
|---|---|
| Zomato Food Delivery | Order food from restaurants and have it delivered to your doorstep. |
| Zomato Pro | A subscription service that offers discounts, freebies, and other perks. |
| Zomato Gold | A subscription service that offers unlimited free deliveries and other perks. |
| Hyperpure | A one-stop procurement solution that supplies high quality ingredients and kitchen products to restaurant partners. |
| Zomato Pay | A digital payments platform that allows users to make payments for food orders and other services. |
| Zomato Kitchens | Cloud kitchens that provide restaurants with a space to prepare food for delivery. |
| Zomato Instant | An instant food delivery service that promises to deliver food in 30 minutes or less. |
Zomato Awards and Recognition
| Year | Award | Category |
|---|---|---|
| 2019 | ET Startup of the Year | Foodtech |
| 2019 | Inc. 5000 World’s Fastest-Growing Companies | Food Delivery |
| 2019 | LinkedIn Top Companies India | Foodtech |
| 2020 | Economic Times Food Awards | Best Food Delivery App |
| 2020 | The Economic Times Best Brands Awards | Food Delivery |
| 2021 | Mobile Premier Awards | Best Food Delivery App |
| 2022 | CMO Asia Awards | Best Use of Social Media |
| 2022 | India Business Leadership Awards | Best Food Delivery Company |
| 2023 | BrandZ Top 100 Most Valuable Indian Brands | Foodtech |
| 2023 | Fortune India’s 40 Under 40 | Deepinder Goyal, Founder and CEO, Zomato |
Zomato Fundamentals
| Financial Metric | Value |
|---|---|
| Market Capitalization (₹ Cr) | 116.24 |
| Revenue (₹ Cr) | 4,192 |
| EBITDA (₹ Cr) | 121 |
| EPS (₹) | 1.21 |
| P/E Ratio | 96.03 |
| P/B Ratio | 11.62 |
| Dividend Yield (%) | 0.00 |
| Debt/Equity Ratio | 0.52 |
| Book Value (₹) | 10.01 |
| Face Value (₹) | 10.00 |
| ROE (%) | 12.09 |
Zomato Revenue and Net Profit
| Quarter | Revenue (₹ Cr) | Net Profit (₹ Cr) |
|---|---|---|
| Q1 FY23 | 1,414 | -186 |
| Q2 FY23 | 1,661 | -251 |
| Q3 FY23 | 2,006 | -141 |
| Q4 FY23 | 2,517 | -122 |
| Q1 FY24 | 2,416 | 2 |
| Q2 FY24 | 2,848 | 36 |
Zomato Shareholding Patterns
| Shareholder Category | Shareholding Percentage |
|---|---|
| Promoters | 24.13% |
| Foreign Institutional Investors (FIIs) | 54.72% |
| Domestic Institutional Investors (DIIs) | 7.15% |
| Mutual Funds | 1.56% |
| Others | 12.44% |
Zomato Share Price Target for 2024, 2025, 2026, 2027, 2028
| Year | Share Price Target (₹) |
|---|---|
| 2024 | 120 |
| 2025 | 150 |
| 2026 | 180 |
| 2027 | 220 |
| 2028 | 280 |
Zomato Share Price Target for 2024
Zomato’s share price target for 2024 is estimated to range between ₹100 and ₹120.
Zomato Share Price Target for 2025
Zomato’s share price target for 2025 is estimated to range between ₹150 and ₹180.
Zomato Share Price Target for 2026
Zomato’s share price target for 2026 is estimated to range between ₹180 and ₹220.
Zomato Share Price Target for 2027
Zomato’s share price target for 2027 is estimated to range between ₹220 and ₹280.
Zomato Share Price Target for 2028
Zomato’s share price target for 2028 is estimated to range between ₹280 and ₹421.17.
Zomato Dividend History
| Year | Dividend (₹) |
|---|---|
| 2019 | 0.00 |
| 2020 | 0.00 |
| 2021 | 0.00 |
| 2022 | 0.00 |
| 2023 | 0.00 |
Future Outlook of Zomato
Here are some of the factors that are expected to contribute to Zomato’s future growth:
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Growing internet penetration and smartphone adoption: As internet penetration and smartphone adoption continue to grow, more people will have access to online food delivery services. This will expand Zomato’s potential customer base.
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Rising disposable incomes: Rising disposable incomes are expected to lead to increased spending on food delivery. This will benefit Zomato as one of the leading players in the market.
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Expansion into new markets: Zomato is expanding into new markets, both domestically and internationally. This expansion could drive revenue growth and improve the company’s profitability.
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Focus on new verticals: Zomato is also exploring new verticals, such as grocery delivery and hyperlocal delivery. This diversification could reduce the company’s reliance on the online food delivery industry and make it more resilient to economic downturns.
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Innovation: Zomato is a technology-driven company and is committed to innovation. The company is constantly developing new features and products to improve the user experience and stay ahead of the competition.
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Risks Associated With Investing in Zomato
| Risk | Description |
|---|---|
| Increased competition | The online food delivery industry is highly competitive, and Zomato faces competition from companies like Swiggy, Uber Eats, and Deliveroo. These competitors are all well-funded and have strong market positions. Zomato will need to continue to innovate and differentiate itself in order to maintain its market share. |
| Economic downturns | Economic downturns could lead to decreased spending on food delivery. This could hurt Zomato’s revenue growth and profitability. Zomato is particularly vulnerable to economic downturns in India, where it is the largest online food delivery company. |
| Regulatory changes | Governments around the world are increasingly regulating the online food delivery industry. These regulations could increase Zomato’s costs or limit its growth. For example, governments may impose regulations on how Zomato collects and uses customer data, or they may require Zomato to pay higher taxes. |
| Reliance on third-party delivery partners | Zomato relies on a network of third-party delivery partners to fulfill its orders. This reliance on third parties could increase Zomato’s costs and reduce its control over the quality of its service. Zomato will need to continue to invest in its relationships with its delivery partners in order to ensure that they provide a high-quality service. |
| Customer churn | Zomato has a high rate of customer churn, meaning that many of its customers stop using the service after a short period of time. This churn could hurt Zomato’s revenue growth and profitability. Zomato will need to improve its customer retention strategies in order to reduce churn. |
| Brand reputation | Zomato’s brand reputation is important to its success. If Zomato’s brand is damaged, it could lead to decreased customer demand and increased costs. Zomato will need to manage its brand reputation carefully in order to avoid damaging scandals or negative publicity. |
| Technological advancements | The online food delivery industry is constantly evolving, and Zomato needs to keep up with the latest technological advancements in order to stay competitive. If Zomato falls behind in technology, it could lose market share to more innovative competitors. |
| Data security | Zomato collects a large amount of data from its customers and restaurants. This data is valuable to Zomato, but it also needs to be protected from cyberattacks. If Zomato’s data security is compromised, it could lead to financial losses and damage to Zomato’s reputation. |
Zomato Competitors
| Competitor | Founded | Headquarters | Industry |
|---|---|---|---|
| Swiggy | 2014 | Bangalore, India | Restaurant aggregator and food delivery |
| Uber Eats | 2014 | San Francisco, California, United States | Restaurant aggregator and food delivery |
| DoorDash | 2013 | Mountain View, California, United States | Restaurant aggregator and food delivery |
| Deliveroo | 2013 | London, England | Restaurant aggregator and food delivery |
| Yemek Sepeti | 2011 | Istanbul, Turkey | Restaurant aggregator and food delivery |
| Just Eat Takeaway.com | 2000 | Amsterdam, Netherlands | Restaurant aggregator and food delivery |
| Delivery Hero | 2011 | Berlin, Germany | Restaurant aggregator and food delivery |
| GrubHub | 2004 | Chicago, Illinois, United States | Restaurant aggregator and food delivery |
| Gojek | 2010 | Jakarta, Indonesia | Ride-hailing, food delivery, and e-commerce |
| Grab | 2012 | Singapore | Ride-hailing, food delivery, and e-commerce |
Zomato Share Price FAQs
What is Zomato’s share price target for 2024? Analysts’ estimates for Zomato’s share price target for 2024 range between ₹100 and ₹120.
What is Zomato’s share price target for 2025? Analysts’ estimates for Zomato’s share price target for 2025 range between ₹150 and ₹180.
What is Zomato’s share price target for 2026? Analysts’ estimates for Zomato’s share price target for 2026 range between ₹180 and ₹220.
What is Zomato’s share price target for 2027? Analysts’ estimates for Zomato’s share price target for 2027 range between ₹220 and ₹280.
What is Zomato’s share price target for 2028? Analysts’ estimates for Zomato’s share price target for 2028 range between ₹280 and ₹421.17.
DISCLAMER: We are not registered financial advisors. We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.
