BSE: 543320 | NSE: ZOMATO | e-Commerce | Large Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Zomato Ltd is a below average quality company.
The key valuation ratios of Zomato Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Zomato Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -25.6% | -99% | -94.8% | -11.4% | -49.1% | -142.9% | -18.3% | -9.8% | -5.4% | 1.8% | - |
| Value Creation Index ⓘ | -3.3 | -9.8 | -9.4 | -2.0 | -5.4 | -13.7 | -2.6 | -1.9 | -1.5 | -0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 96.7 | 185 | 332 | 466 | 1,313 | 2,605 | 1,994 | 4,192 | 7,079 | 12,114 | 15,855 |
| Sales YoY Gr. | - | 91.3% | 79.6% | 40.4% | 181.5% | 98.4% | -23.5% | 110.3% | 68.9% | 71.1% | - |
| Adj EPS ⓘ | -0.8 | -2.9 | -1.9 | -0.5 | -8 | -10.4 | 0 | -1.8 | -1.2 | 0.4 | 0.8 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 2 | 2.7 | 0.1 | 4.8 | 9.6 | 0.9 | 0 | 20.1 | 21.7 | 22.7 | 24.1 |
| Adj Net Profit ⓘ | -148 | -573 | -387 | -105 | -1,819 | -2,342 | -587 | -1,410 | -973 | 363 | 742 |
| Cash Flow from Ops. ⓘ | -69.7 | -455 | -134 | -84.3 | -1,761 | -2,144 | -1,018 | -693 | -844 | 646 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | -0 | -0 | 0 | 0 | 0 | 0 | -0.1 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 71.1% | 56% | 82.5% | 71.1% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | 30.7% | 18.7% | NA | 4.6% | ||||
| Share Price | - | - | 19.9% | 129% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -25.8 | -99.1 | -98.4 | -14.9 | -95.2 | -141.1 | -13.3 | -11.5 | -5.4 | 1.8 | 3.6 |
| Op. Profit Mgn % ⓘ | -141.2 | -235.8 | -41.8 | -17.8 | -167.6 | -88.7 | -23.8 | -44.4 | -17.7 | 0.2 | 3.4 |
| Net Profit Mgn % ⓘ | -152.9 | -309.6 | -116.8 | -22.6 | -142 | -90.6 | -29.6 | -34 | -13.8 | 3 | 4.7 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 0 | 89 | 92 | 97 | 108 | 88 | 428 | 596 | 441 | 181 | 60 |
| Cash Conv. Cycle ⓘ | 0 | -4 | -9 | -26 | -11 | -12 | -22 | -9 | -7 | -4 | 34 |
Return on Equity has increased versus last 3 years average to 3.60%
Sales growth is growing at healthy rate in last 3 years 82.47%
Sales growth is good in last 4 quarters at 71.16%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.9 | 0.8 |
| TTM Sales (₹ Cr.) | 7,805 | 15,855 |
| BVPS (₹.) ⓘ | 27.3 | 24.1 |
| Reserves (₹ Cr.) ⓘ | 23,271 | 20,446 |
| P/BV ⓘ | 9.93 | 11.24 |
| PE ⓘ | 143.49 | 323.15 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 112.50 / 298.20 |
| All Time Low / High (₹) | 40.55 / 298.20 |
| Market Cap (₹ Cr.) | 2,39,774 |
| Equity (₹ Cr.) | 883.6 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 132.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 97 | 185 | 332 | 466 | 1,313 | 2,605 | 1,994 | 4,192 | 7,079 | 12,114 |
| Operating Expenses ⓘ | 233 | 624 | 474 | 551 | 3,513 | 4,942 | 2,469 | 6,063 | 8,332 | 12,106 |
| Manufacturing Costs | 4 | 9 | 15 | 52 | 1,343 | 2,189 | 76 | 181 | 350 | 448 |
| Material Costs | 0 | 0 | 0 | 0 | 17 | 109 | 192 | 525 | 1,395 | 2,882 |
| Employee Cost | 130 | 408 | 287 | 290 | 601 | 799 | 741 | 1,633 | 1,465 | 1,659 |
| Other Costs ⓘ | 99 | 207 | 172 | 208 | 1,553 | 1,845 | 1,460 | 3,724 | 5,122 | 7,117 |
| Operating Profit ⓘ | -137 | -439 | -142 | -85 | -2,200 | -2,337 | -475 | -1,870 | -1,253 | 8 |
| Operating Profit Margin (%) | -141.0% | -237.0% | -42.6% | -18.2% | -167.0% | -89.7% | -23.8% | -44.6% | -17.7% | 0.1% |
| Other Income ⓘ | 17 | 22 | 67 | 20 | 87 | 170 | 133 | 514 | 725 | 881 |
| Interest ⓘ | 1 | 3 | 16 | 25 | 62 | 13 | 10 | 12 | 49 | 72 |
| Depreciation ⓘ | 27 | 51 | 111 | 16 | 26 | 84 | 138 | 150 | 437 | 526 |
| Exceptional Items ⓘ | 0 | -104 | -188 | 0 | 1,200 | -122 | -325 | 297 | 0 | 0 |
| Profit Before Tax ⓘ | -148 | -574 | -390 | -106 | -1,001 | -2,386 | -815 | -1,221 | -1,015 | 291 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | -44 | -60 |
| Profit After Tax | -148 | -574 | -390 | -106 | -1,001 | -2,386 | -816 | -1,223 | -971 | 351 |
| PAT Margin (%) | -153.0% | -310.0% | -117.0% | -22.8% | -76.3% | -91.6% | -40.9% | -29.2% | -13.7% | 2.9% |
| Adjusted EPS (₹) | -0.8 | -2.9 | -2.2 | -0.5 | -4.2 | -11.8 | 0.0 | -1.6 | -1.2 | 0.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 401 | 547 | 146 | 1,138 | 2,436 | 439 | 7,745 | 15,380 | 18,167 | 19,730 |
| Share Capital ⓘ | 0 | 0 | 131 | 174 | 244 | 252 | 455 | 764 | 836 | 868 |
| Reserves ⓘ | 401 | 547 | 14 | 964 | 2,193 | 187 | 7,290 | 14,616 | 17,331 | 18,862 |
| Minority Interest | 0 | 0 | -4 | 8 | -31 | -7 | -6 | -7 | -7 | -7 |
| Debt | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 41 | 0 |
| Long Term Debt | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 6 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 35 | 0 |
| Trade Payables | 56 | 24 | 38 | 68 | 372 | 269 | 297 | 429 | 679 | 886 |
| Others Liabilities ⓘ | 191 | 83 | 104 | 133 | 537 | 2,197 | 666 | 1,526 | 2,721 | 2,751 |
| Total Liabilities ⓘ | 649 | 654 | 286 | 1,350 | 3,315 | 2,900 | 8,704 | 17,328 | 21,601 | 23,360 |
Fixed Assets | ||||||||||
| Gross Block | 435 | 496 | 495 | 646 | 821 | 2,335 | 2,366 | 2,369 | 7,384 | 7,977 |
| Accumulated Depreciation | 30 | 78 | 221 | 474 | 524 | 744 | 380 | 505 | 581 | 1,070 |
| Net Fixed Assetsⓘ | 405 | 418 | 274 | 171 | 297 | 1,591 | 1,986 | 1,864 | 6,803 | 6,907 |
| CWIP ⓘ | 2 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 7 | 18 |
| Investmentsⓘ | 164 | 57 | 43 | 829 | 2,145 | 324 | 2,205 | 4,718 | 6,765 | 11,645 |
| Inventories | 0 | 0 | 0 | 0 | 2 | 4 | 15 | 40 | 83 | 88 |
| Trade Receivables | 13 | 12 | 19 | 26 | 70 | 123 | 130 | 160 | 457 | 794 |
| Cash Equivalents | 48 | 220 | 106 | 208 | 239 | 360 | 904 | 1,576 | 1,017 | 731 |
| Others Assetsⓘ | 17 | -55 | -158 | 114 | 562 | 498 | 3,464 | 8,971 | 6,469 | 3,177 |
| Total Assets ⓘ | 649 | 654 | 286 | 1,350 | 3,315 | 2,900 | 8,704 | 17,328 | 21,601 | 23,360 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -70 | -455 | -134 | -84 | -1,761 | -2,144 | -1,018 | -693 | -844 | 646 |
| PBT ⓘ | -148 | -574 | -390 | -106 | -1,001 | -2,386 | -815 | -1,221 | -1,015 | 291 |
| Adjustment ⓘ | 37 | 163 | 294 | 22 | -962 | 259 | 535 | 298 | 378 | 342 |
| Changes in Working Capital ⓘ | 41 | -41 | -37 | 5 | 230 | 15 | -757 | 248 | -176 | 118 |
| Tax Paid ⓘ | -1 | -2 | -2 | -5 | -28 | -32 | 19 | -19 | -31 | -105 |
| Cash Flow From Investing Activity ⓘ | -382 | -97 | 137 | -824 | -1,276 | 1,735 | -5,244 | -7,938 | 457 | -347 |
| Capex | -428 | -47 | -3 | -5 | -46 | -21 | -10 | -57 | -101 | -202 |
| Net Investments | 44 | -57 | 131 | -824 | -1,207 | 1,731 | -5,224 | -7,599 | 879 | -763 |
| Others ⓘ | 1 | 7 | 9 | 4 | -23 | 25 | -10 | -282 | -321 | 618 |
| Cash Flow From Financing Activityⓘ | 477 | 549 | -1 | 961 | 3,150 | 359 | 6,402 | 8,750 | -127 | -207 |
| Net Proceeds from Shares ⓘ | 157 | 0 | 0 | 970 | 2,262 | 390 | 6,608 | 9,008 | 11 | 32 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | -8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -1 | 0 | -1 | -1 | 0 | 0 | -2 | -10 | -50 | -69 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 320 | 550 | 0 | -1 | 888 | -31 | -204 | -248 | -88 | -170 |
| Net Cash Flow ⓘ | 26 | -2 | 2 | 53 | 113 | -50 | 140 | 119 | -514 | 92 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -36.91 | -121.3 | -139.07 | -21.74 | -63.43 | -200.51 | -21.84 | -10.79 | -5.79 | 1.85 |
| ROCE (%) | -25.59 | -98.95 | -94.82 | -11.44 | -49.12 | -142.88 | -18.27 | -9.82 | -5.37 | 1.82 |
| Asset Turnover Ratio | 0.15 | 0.28 | 0.71 | 0.57 | 0.56 | 0.84 | 0.34 | 0.32 | 0.36 | 0.54 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.84 | Working Capital Days |
| Receivable Days | 49 | 24 | 17 | 18 | 13 | 14 | 23 | 13 | 16 | 19 |
| Inventory Days | 0 | 0 | 0 | 0 | 1 | 0 | 2 | 2 | 3 | 3 |
| Payable Days | 0 | 0 | 0 | 0 | 4,841 | 1,073 | 538 | 253 | 145 | 99 |
Incorporated in 2010, Zomato is one of the leading online Food Service platforms in terms of the value of food sold as of Dec 31, 2020. Zomato's technology platform connects customers, restaurant partners and delivery partners, serving their multiple needs. Customers use its platform to search and discover restaurants, read and write customer generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants. On the other hand, it provides restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last mile delivery service. It also operate a one-stop procurement solution, Hyperpure, which supplies high quality ingredients to restaurant partners. It also provides its delivery partners with transparent and flexible earning opportunities. The company’s business is built around the core idea that over time, people in India are going out to eat at restaurants more than they cook at home.
Business area of the company
The company has two core business-to-customer (B2C) offerings - (i) Food delivery and (ii) Dining-out, in addition to its business-to-business (B2B) offering (iii) Hyperpure. Another important part of its business is (iv) Zomato Pro, its customer loyalty program which encompasses both food delivery and dining-out. Each of its B2C as well as B2B offerings help increase the value of its platform for its customers, enabling it to further attract new customers and to deepen engagement with existing customers. Each of its offerings also helps improve Assortment, Affordability, Accessibility and Quality (AAAQ) of restaurant food for its customers thereby helping grow the restaurant industry.
Awards and accreditations
Major events
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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