Zomato Ltd

₹ 61.8 6.65%
12 Aug - 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 was present in 525 cities in India, with 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.

  • Market Cap 48,907 Cr.
  • Current Price 61.8
  • High / Low 169 / 40.6
  • Stock P/E
  • Book Value 20.9
  • Dividend Yield 0.00 %
  • ROCE -12.7 %
  • ROE -12.7 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 2.95 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -24.2% for last 3 years.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
266 426 609 692 844 1,024 1,112 1,212 1,414
347 548 720 846 1,221 1,560 1,601 1,662 1,722
Operating Profit -81 -122 -111 -154 -376 -536 -489 -450 -308
OPM % -30% -29% -18% -22% -45% -52% -44% -37% -22%
18 -71 -205 58 56 142 464 130 168
Interest 2 2 2 4 3 3 3 2 5
Depreciation 35 35 34 35 36 38 39 38 42
Profit before tax -100 -230 -351 -134 -359 -435 -67 -359 -186
Tax % 0% 0% -0% 0% -0% 0% 0% -0% 0%
Net Profit -100 -230 -353 -131 -356 -430 -63 -360 -186
EPS in Rs -2,955.29 -6,565.63 -10,082.93 -3,721.19 -1.51 -0.55 -0.08 -0.46 -0.24

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
466 1,313 2,605 1,994 4,192 4,762
558 3,556 4,909 2,461 6,043 6,544
Operating Profit -92 -2,243 -2,305 -467 -1,851 -1,782
OPM % -20% -171% -88% -23% -44% -37%
21 1,285 16 -200 793 904
Interest 6 9 13 10 12 14
Depreciation 29 43 84 138 150 156
Profit before tax -107 -1,010 -2,386 -815 -1,220 -1,048
Tax % 0% 0% 0% -0% -0%
Net Profit -104 -965 -2,367 -813 -1,209 -1,038
EPS in Rs -3,070.18 -28,574.18 -70,096.54 -23,123.76 -1.54 -1.33
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 47%
TTM: 85%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 8%
TTM: -83%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -55%
Return on Equity
10 Years: %
5 Years: %
3 Years: -24%
Last Year: -13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
174 244 252 455 764
Reserves 1,036 2,356 457 7,644 15,718
12 104 73 72 70
327 953 2,370 987 774
Total Liabilities 1,374 3,413 2,900 8,704 17,327
190 389 1,591 1,539 1,404
CWIP 1 1 1 0 1
Investments 829 2,145 324 2,205 4,718
354 879 985 4,959 11,204
Total Assets 1,374 3,413 2,900 8,704 17,327

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-2,144 -1,018 -693
1,740 -5,245 -7,971
359 6,402 8,750
Net Cash Flow -45 139 86

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 20 20 17 24 14
Inventory Days 28 28
Days Payable 565 298
Cash Conversion Cycle 20 20 17 -513 -257
Working Capital Days -28 -23 -18 100 317
ROCE % -114% -134% -12% -13%

Shareholding Pattern

Numbers in percentages

8 recently
Sep 2021 Dec 2021 Mar 2022 Jun 2022
10.27 11.31 10.44 9.98
4.73 4.37 3.05 2.62
81.43 81.35 83.60 84.59
3.57 2.97 2.91 2.81

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