Zomato Ltd

₹ 47.8 -2.05%
06 Feb - close price
About

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]

Key Points

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]

  • Market Cap 40,843 Cr.
  • Current Price 47.8
  • High / Low 95.6 / 40.6
  • Stock P/E
  • Book Value 23.8
  • Dividend Yield 0.00 %
  • ROCE -10.6 %
  • ROE -10.7 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Debtor days have improved from 21.3 to 16.9 days.

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -21.0% over last 3 years.
  • Working capital days have increased from 158 days to 366 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
219 376 527 592 758 897 941 1,015 1,132 1,178
275 484 627 714 1,085 1,358 1,376 1,419 1,401 1,319
Operating Profit -56 -108 -100 -122 -327 -461 -435 -404 -270 -141
OPM % -25% -29% -19% -21% -43% -51% -46% -40% -24% -12%
12 -168 -255 48 70 82 370 146 173 198
Interest 2 2 2 3 2 1 1 1 4 4
Depreciation 33 33 32 30 32 33 34 34 38 41
Profit before tax -79 -310 -388 -108 -291 -414 -99 -294 -138 12
Tax % 0% 0% 0% 0% 0% 0% 0% -0% 0% 0%
Net Profit -79 -310 -388 -108 -291 -414 -99 -294 -138 12
EPS in Rs -2,330.47 -8,870.46 -11,106.66 -3,086.77 -0.44 -0.53 -0.13 -0.37 -0.18 0.01
Raw PDF

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 TTM
79 134 245 371 1,163 2,336 1,714 3,611 4,265
176 416 863 427 4,529 4,543 2,048 5,238 5,515
Operating Profit -97 -282 -617 -56 -3,366 -2,207 -334 -1,627 -1,250
OPM % -123% -210% -252% -15% -289% -94% -19% -45% -29%
31 26 65 14 2,508 -160 -415 668 887
Interest 1 4 15 24 59 11 8 6 10
Depreciation 5 22 18 13 23 74 129 133 147
Profit before tax -72 -281 -585 -78 -940 -2,451 -886 -1,098 -519
Tax % 0% 0% 0% 0% 0% 0% 0% -0%
Net Profit -72 -281 -585 -78 -940 -2,451 -886 -1,098 -519
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 -0.67
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 71%
3 Years: 46%
TTM: 54%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 11%
TTM: 12%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -49%
Return on Equity
10 Years: %
5 Years: -28%
3 Years: -21%
Last Year: -11%

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 Sep 2022
0 0 0 0 0 252 455 764 834
Reserves 513 558 384 1,419 2,812 601 7,754 15,980 19,481
0 304 0 0 0 67 46 30 142
171 140 57 94 677 2,317 948 726 755
Total Liabilities 683 1,002 442 1,513 3,489 2,985 8,748 17,501 21,212
14 27 13 4 174 1,580 1,450 1,348 1,411
CWIP 2 1 1 1 1 1 0 0 0
Investments 634 747 251 1,237 2,540 524 2,506 5,136 9,125
33 227 177 270 774 881 4,792 11,017 10,676
Total Assets 683 1,002 442 1,513 3,489 2,985 8,748 17,501 21,212

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
-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
Debtor Days 41 24 35 19 20 21 26 17
Inventory Days
Days Payable
Cash Conversion Cycle 41 24 35 19 20 21 26 17
Working Capital Days -5 1 55 -12 12 -11 119 366
ROCE % -41% -92% -6% -100% -118% -9% -11%

Shareholding Pattern

Numbers in percentages

3 recently
Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
10.27 11.31 10.44 9.98 57.87 56.74
4.73 4.37 3.05 2.62 6.41 7.43
81.43 81.35 83.60 84.59 33.24 33.57
3.57 2.97 2.91 2.81 2.48 2.26

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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