Zomato Ltd
Incorporated in 2010, Zomato Limited is one of the leading online Food Service platforms in terms of the value of food sold. Its offerings include food delivery, dining-out services, Loyalty programs, and others.
As of December 31, 2020, Zomato has established a strong footprint across 23 countries with 131,233 active food delivery restaurants, 161,637 active delivery partners, and an average monthly food order of 10.7 million customers.[1]
- Market Cap ₹ 62,062 Cr.
- Current Price ₹ 72.3
- High / Low ₹ 75.6 / 40.6
- Stock P/E 531
- Book Value ₹ 24.3
- Dividend Yield 0.00 %
- ROCE 0.71 %
- ROE 0.62 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 28.9% CAGR over last 5 years
Cons
- Stock is trading at 2.97 times its book value
- Company has a low return on equity of -4.52% over last 3 years.
- Earnings include an other income of Rs.800 Cr.
- Working capital days have increased from 354 days to 577 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: E-Commerce/App based Aggregator Industry: Miscellaneous
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
79 | 134 | 245 | 371 | 1,163 | 2,336 | 1,714 | 3,611 | 4,707 | |
176 | 416 | 863 | 427 | 4,529 | 4,543 | 2,048 | 5,238 | 5,232 | |
Operating Profit | -97 | -282 | -617 | -56 | -3,366 | -2,207 | -334 | -1,627 | -525 |
OPM % | -123% | -210% | -252% | -15% | -289% | -94% | -19% | -45% | -11% |
31 | 26 | 65 | 14 | 2,508 | -160 | -415 | 668 | 800 | |
Interest | 1 | 4 | 15 | 24 | 59 | 11 | 8 | 6 | 17 |
Depreciation | 5 | 22 | 18 | 13 | 23 | 74 | 129 | 133 | 140 |
Profit before tax | -72 | -281 | -585 | -78 | -940 | -2,451 | -886 | -1,098 | 117 |
Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -0% | 0% |
Net Profit | -72 | -281 | -585 | -78 | -940 | -2,451 | -886 | -1,098 | 117 |
EPS in Rs | -2,408.98 | -9,128.74 | -19,026.66 | -2,324.25 | -27,849.27 | -72,584.54 | -25,206.26 | -1.39 | 0.14 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 66% |
3 Years: | 26% |
TTM: | 30% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 29% |
3 Years: | 27% |
TTM: | 109% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 2% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -15% |
3 Years: | -5% |
Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
0 | 0 | 0 | 0 | 0 | 252 | 455 | 764 | 836 | |
Reserves | 662 | 558 | 384 | 1,419 | 2,812 | 601 | 7,754 | 16,003 | 19,970 |
0 | 304 | 0 | 0 | 0 | 67 | 46 | 30 | 158 | |
21 | 140 | 57 | 94 | 677 | 2,317 | 948 | 703 | 963 | |
Total Liabilities | 683 | 1,002 | 442 | 1,513 | 3,489 | 2,985 | 8,748 | 17,501 | 21,927 |
14 | 27 | 13 | 4 | 174 | 1,580 | 1,450 | 1,348 | 1,402 | |
CWIP | 2 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
Investments | 634 | 747 | 251 | 1,237 | 2,540 | 524 | 2,506 | 5,136 | 12,694 |
33 | 227 | 177 | 270 | 774 | 881 | 4,792 | 11,017 | 7,830 | |
Total Assets | 683 | 1,002 | 442 | 1,513 | 3,489 | 2,985 | 8,748 | 17,501 | 21,927 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
-2,074 | -281 | -509 | |||||||
1,646 | -6,115 | -8,129 | |||||||
362 | 6,474 | 8,763 | |||||||
Net Cash Flow | -66 | 79 | 126 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 41 | 24 | 35 | 19 | 20 | 21 | 26 | 17 | 5 |
Inventory Days | |||||||||
Days Payable | |||||||||
Cash Conversion Cycle | 41 | 24 | 35 | 19 | 20 | 21 | 26 | 17 | 5 |
Working Capital Days | -5 | 1 | 55 | -12 | 12 | -11 | 119 | 366 | 577 |
ROCE % | -37% | -92% | -6% | -100% | -118% | -9% | -11% | 1% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
31 May - Zomato Limited has informed the Exchange about schedule of meeting with group of investors
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Zomato Limited has filed with the exchange annual secretarial compliance report for the financial year ended March 31, 2023
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
26 May - Zomato Limited has informed the Exchange about Transcript of the earnings conference call held on May 19, 2023
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22 May - The Company will be participating in the investor conferences.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21 May - Zomato Limited has informed the Exchange about extract of newspaper Publication - Financial Results for the quarter and financial year ended March 31, 2023.
Concalls
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May 2023TranscriptPPT
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Feb 2023Transcript PPT
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Nov 2022TranscriptPPT
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Aug 2022TranscriptPPT
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May 2022TranscriptPPT
Leading Foodservice platform[1] Zomato Ltd. is one of the leading Food Services platforms in India in terms of the value of food sold. During FY21, 32.1 million average Monthly Active Users visited its platform in India. As of March 31, 2021, Zomato had 389,932 Active Restaurant Listings. Its mobile application is the most downloaded food and drinks application in India in each of the last three fiscal years on iOS App Store and Google Play combined. App gets ~90 billion monthly visits as of FY23[2] In India, ~248 cities are at contribution break even [3] and as of FY22, Zomato is active in 1000+ cities with 500+ cities added in FY22.[4]