Zomato share price

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...

Zomato Share Price Today: Shares of Zomato Ltd hit a fresh one-year high with the stock surging nearly 53 per cent in the last two months. The stock trades above its issue price of Rs 76 a share. Zomato shares bottomed out at around Rs 50 apiece levels at the end of March 2023 or FY23, and since then it has remained in uptrend hitting 52-week high on a regular basis. The stock hit a high of Rs 77.35 a share - a level last seen on April 26, 2022. At 1pm, the stock was trading at Rs 77 on the BSE, up 1.64 per cent from its previous close. The stock has gained nearly 53 per cent since March. It is still down 52 per cent lower from its record closing high of Rs 160.30 hit on November 15, 2021. In the past one month, the stock has rallied 27 per cent on improved operational performance. It was trading at its highest level since June 2022, and has bounced back 91 per cent from its record low level of Rs 40.55, touched on July 27, 2022. Investors are buying the stock because of a series of positive factors like improvement in earnings and recent addition of the stock by Chris Woods of Jefferies in its long portfolio to two of his long-only portfolios, assigning a weight of 4 per cent each. The firm had earlier reported a narrower loss in the March quarter which analysts viewed positively. Net loss of Zomato narrowed to Rs 188 crore from Rs 360 crore a year ago and Rs 345 crore a quarter ago. Consolidated revenue for Zomato increased a whopping 70 percent on-year to Rs 2,056 crore...

Meeting Date Announced on Purpose Details May 19, 2023 May 10, 2023 Board Meeting Audited Results Feb 09, 2023 Feb 01, 2023 Board Meeting Quarterly Results Nov 10, 2022 Nov 02, 2022 Board Meeting Quarterly Results Aug 01, 2022 Jul 25, 2022 Board Meeting Quarterly Results Jul 27, 2022 Jun 27, 2022 POM - • About Zomato Zomato Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 64,223.60 Crore) operating in Services sector. Zomato Ltd. key Products/Revenue Segments include Service Revenue, Other Operating Revenue and Royalty Income for the year ending 31-Mar-2022. For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 2,226.50 Crore, up 4.94 % from last quarter Total Income of Rs 2,121.60 Crore and up 64.93 % from last year same quarter Total Income of Rs 1,350.00 Crore. Company has reported net profit after tax of Rs -187.60 Crore in latest quarter. The company’s top management includes Mr.Kaushik Dutta, Mr.Deepinder Goyal, Mr.Douglas Lehman Feagin, Mr.Sanjeev Bikhchandani, Ms.Aparna Popat Ved, Mr.Gunjan Tilak Raj Soni, Ms.Namita Gupta, Mr.Sutapa Banerjee, Mr.Akshant Goyal, Ms.Sandhya Sethia. Company has Deloitte Haskins & Sells as its auditors. As on 31-12-2022, the company has a total of 855.17 Crore shares outstanding. Show More As per Refinitiv (erstwhile Thomson Reuters), overall mean recommendation by 26 analysts for Zomato stock is to Buy. Recommendation breakup is as follows • 12 analysts are re...

Zomato's revenue in Q4FY23 rose 69.66% to Rs 2,056 crore for the quarter compared with Rs 1,211.80 crore in the corresponding quarter last year. With the cash burn reducing every quarter due to improvement in financial performance, things are looking better than estimated for Zomato, as per experts Zomato outlook positive Another reason for the rally in Zomato is news reports stating there will be revision of discounts at the Open Network for Digital Commerce (ONDC). ONDC had reportedly revised its incentive scheme for network participants to reduce the dependency on discounts for adoption No immediate threat from ONDC According to share market analysts, Technically, the structure of Zomato stock looks lucrative for long-term investors. The stock has been highly volatile and has traded with a 1-year beta of 1.45, according to Trendlyne. Several top brokerages including Goldman Sachs and Emkay Global has a 'buy' rating on the stock with a target price of up to Rs 94 Should you buy Zomato shares? Nuvama Institutional Equities has a target of Rs 94 on Zomato stock. Meanwhile, Motilal Oswal sees the stock at Rs 80. It said Zomato’s food delivery performance has been underwhelming in recent quarters, but the company has delivered a strong turnaround in profitability over the period Zomato share price target Morgan Stanley has an 'Overweight' rating on Zomato shares with a target price of Rs 85, and CLSA has a 'buy' call on the counter with a target price of Rs 80. Citi, Jefferi...

Analysts claim that Zomato has been on a roller coaster ride in the last two years, one with a lot of volatility. However, there is finally some positive news as the company has managed to regain its IPO price, signalling a potential turnaround. The remarkable performance of Zomato in FY23 has played a crucial role in supporting the recovery of its stock price. The company claimed that, excluding quick commerce, it achieved positive adjusted On the backdrop of overall positive earning results, brokerages havekept a favourable outlook on the food delivery aggregator. With a ‘overweight’ rating and a target price of ₹85 per share, global brokerage Morgan Stanley is optimistic on the company and sees a potential upside of 12% from the current market price. Given that Zomato's near-term visibility of better growth combined with new app launches augur favourably for the stock, the brokerage has a ‘overweight’ rating on Zomato. What do analysts think? Mohit Gulati, CIO & Managing Partner of ITI Growth Opportunities Fund Although I have been a big critic of Zomato, I have noticed over the past quarter or two that both the company and the stock are watering storms together. From what I can tell, they appear to have regained their mojo. Zomato, in my opinion, is the first technology company to genuinely achieve this from the standpoint of the companies that have been beaten down and faced difficult questions about their revenues and profitability. The entire integration of Blinkit ...

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