Price of zomato share

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By India Today Business Desk: A turnaround seems to be on the charts for online food delivery giant Zomato as its shares have sharply over the past few months. Since the beginning of the year, its shares have surged over 30 per cent. This is in sharp contrast to how the company's stock performed for most of last year when its value plummeted, as investors doubted the fate of the new-age technology company For starters, the company’s Q4 results were far better than anticipated. The company’s net loss in the March quarter stood at Rs 188 crore, much lower than the estimated Rs 356 crore. It was also lower than the Rs 346.60 crore loss in Q3FY23 and Rs 359.70 crore in Q4FY22. Zomato went on to say that its business, excluding quick commerce, turned positive adjusted EBITDA in the quarter ended March 2023. Moreover, the company aims to be positive adjusted EBITDA, including quick commerce, within the next four quarters. The positive commentary from the management on profitability, continued recovery in its food delivery business and reduced cash burn are key reasons behind the stock's sharp increase since it reported its Q4FY23 results. It may be noted that Zomato shares have gained over 26 per cent in just one month, clearly suggesting that investors are now growing confident about the future of the company. It recently crossed its IPO price of Rs 76 after the recent rally. While there are many other reasons at play, Zomato’s improving fundamentals, market share in the online...

2023 2024 2025 2026 2027 Revenue 70,834 96,933 123,915 153,099 143,466 Dividend - - - 0.00 - Dividend Yield (in %) - - - - - EPS -1.11 -0.55 0.31 1.18 2.80 P/E Ratio -66.91 -135.27 236.11 62.96 26.50 EBIT - -10,210 -2,189 6,926 18,923 EBITDA - -5,651 2,259 11,648 19,324 Net Profit - -5,284 2,300 10,071 25,157 Net Profit Adjusted - -5,098 2,423 10,636 25,157 Pre-Tax Profit - -5,548 2,549 11,873 25,157 Net Profit (Adjusted) -10,028 -5,084 3,913 15,798 - EPS (Non-GAAP) ex. SOE - - - - - EPS (GAAP) -1.22 -0.60 0.27 1.34 - Gross Income 52,792 69,651 87,670 - 95,326 Cash Flow from Investing - - - - 5,227 Cash Flow from Operations - 3,082 7,284 15,831 28,001 Cash Flow from Financing - - - - -643 Cash Flow per Share - -0.35 0.35 1.87 - Free Cash Flow - 1,386 3,830 11,379 25,708 Free Cash Flow per Share -1.80 -0.84 -0.23 - - Book Value per Share 22.73 21.65 21.81 23.20 - Net Debt -67,632 -73,552 -78,831 -88,655 -157,294 Research & Development Exp. - - - - - Capital Expenditure - 2,579 3,338 3,634 1,650 Selling, General & Admin. Exp. 64,251 73,677 84,990 96,284 - Shareholder’s Equity - 188,545 191,057 201,839 243,286 Total Assets - - - - 267,086 Previous Quarter Current Quarter Next Quarter Current Year ending 03/31/23 Next Year ending 03/31/24 Earnings Estimates No. of Analysts - - - 26 26 Average Estimate - - - -1.109 INR -0.549 INR Year Ago - - - - -1.109 INR Publish Date - - - - - Revenue Estimates No. of Analysts - - - 25 25 Average Estimate - - - 70,834 INR 96,933 INR Year Ago...

On Tuesday, in its regulatory filing, Zomato said, "We wish to submit that Zomato Australia Pty Limited, step down subsidiary of the Company, located in Australia has been deregistered effective from June 11, 2023." This week, on June 12, in their research note, Kotak Institutional Equities recommended buying in Zomato shares as the e-commerce player focuses on better monetization across businesses. According to Kotak's report, Zomato and Swiggy have introduced differential pricing to their food delivery subscription packages, in a bid to improve contribution margin (CM) from such customers. The differential pricing seems targeted and aims to better monetize higher-frequency customers while incentivizing low-frequency customers to join the subscription program. Further, the brokerage took note that after peaking in CY2022, competitive intensity in q-commerce seems to be receding, with BigBasket veering toward a 45-60 minute delivery model and Jiomart scaling down its services offered via Dunzo. Blinkit is thus competing with Instamart and Zepto; however, there seems to be a concerted effort from all three companies to charge delivery fees and reduce discounts. Kotak's note said, "This has driven a sharp reduction in Blinkit’s CM loss, with CM break-even likely in FY2024. We believe Zomato’s investments in Blinkit will amount to Rs80 bn by FY2025 (cash + equity dilution) and we ascribe a valuation of 1X book value to Blinkit." Hence, the brokerage believes that Blinkit is f...

Prior to this, Zomato Hyperpure Pvt Ltd (ZHPL), a material subsidiary of the company, approved the appointment of SR Batliboi & Associates LLP as statutory auditors of ZHPL. On the earnings front, Zomato narrowed its losses to Rs 188.20 crore during the March 2023 quarter compared with Rs 346.60 crore in the December 2022 quarter and Rs 359.70 crore in the same quarter last year. Revenue for the quarter (Q4 FY23) rose 69.66 per cent to Rs 2,056 crore for the quarter compared with Rs 1,211.80 crore in the corresponding quarter last year. At least five brokerages have given 'Buy' calls, suggesting a target price of up to Rs 105. "On the weekly chart, Zomato has formed a 'double bottom' pattern and successfully broken above its neckline at the Rs 75 level. This breakout indicates a positive trend in the stock price, presenting an opportunity for potential upward movement. The stock is well placed above 20-, 50- and 100-daily SMA indicating positive momentum. The weekly strength indicator RSI is holding above its reference line indicates positive momentum. The above analysis indicates an upside of Rs 83-90 levels," Axis Securities said. Kotak Institutional Equities revised its target price to Rs 95. Similarly, Nuvama Institutional Equities has revised the target price to Rs 94. "We expect Zomato to maintain its market leadership in the food delivery segment. Zomato's relaunch of its Gold membership plan should bring back growth. Meanwhile, improved profitability is a clear dem...

Zomato‘s share price has been on a steady rise for the past month. Shares of the food tech company have gone up over 25% in the past month. What Happened: The stock received a further boost last month See Also: Most brokerages remain bullish on the stock after the results. Here are the latest analyst calls and price targets on the stock. Research Firm Rating Target Price ICICI Securities Buy ₹83 Motilal Oswal Buy ₹80 Goldman Sachs Buy ₹82 Morgan Stanley Overweight ₹85 The Investment: If you invest ₹10,000 in Zomato today, with the stock trading at around ₹79 levels, you would receive around 126 shares of the company. Now, if Zomato continues the upward trend, and goes on to hit its all-time high price of ₹169, the value of your 126 shares would surge up to ₹21,294 – more than doubling your initial investment. The Risk: One should Zomato’s journey on the bourses has been Price Action: Zomato’s share price was up 1.74% to trade at ₹78.95 on Monday afternoon. Read Next: Disclaimer: Benzinga India doesn't give financial advice. The above article is for educational purposes alone. Editor's Note: Artificial intelligence was used as a secondary aid in the writing of this story.

Euphoria over food delivery platform Zomato’s strong financial performance in the quarter ended September has been clouded by a string of high-level exits this month. On Friday, the company informed stock exchanges that co-founder Mohit Gupta had quit after four-and-a-half years of association with it. He was CEO of the food delivery business before his elevation in 2020 and continued to lead the unit. Gupta’s exit was the third high-profile departure this month from Zomato after that of Rahul Ganjoo, Head of New Initiatives, and Siddharth Jhawar, Head of Intercity Legends, a unit devoted to home delivery of food in one city from any other city. In August, Nitin Savara, Deputy Chief Financial Officer, resigned to start something new. Zomato did not indicate in its disclosure that it was looking for a replacement, and people aware of the development said the business will likely be led by Deepinder Goyal, founder and chief executive officer. At around 11:30 am on Monday, November 21, shares of Zomato were trading at Rs.64.40, 4.2 percent down from their Friday close on the NSE, while the benchmark Nifty had dropped 0.7 percent to 18,183.35 points. The stock has risen some 13 percent in the last six months, but is down around 54 percent year to date. The stock markets do not like disruptions and senior management exits are seen as a negative for any company. It is especially troubling if such exits come in succession, usually a sign of trouble brewing in management. In the c...