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 ₹ 1,01,700 Cr.
- Current Price ₹ 117
- High / Low ₹ 126 / 44.4
- Stock P/E
- Book Value ₹ 22.9
- Dividend Yield 0.00 %
- ROCE -5.79 %
- ROE -5.91 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- Stock is trading at 5.09 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -9.31% over last 3 years.
- Earnings include an other income of Rs.737 Cr.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|
| 466 | 1,313 | 2,605 | 1,994 | 4,192 | 7,079 | 9,268 | |
| 558 | 3,556 | 4,909 | 2,461 | 6,043 | 8,290 | 9,955 | |
| Operating Profit | -92 | -2,243 | -2,305 | -467 | -1,851 | -1,211 | -687 |
| OPM % | -20% | -171% | -88% | -23% | -44% | -17% | -7% |
| 21 | 1,285 | 16 | -200 | 793 | 682 | 737 | |
| Interest | 6 | 9 | 13 | 10 | 12 | 49 | 65 |
| Depreciation | 29 | 43 | 84 | 138 | 150 | 437 | 547 |
| Profit before tax | -107 | -1,010 | -2,386 | -815 | -1,220 | -1,015 | -562 |
| Tax % | 0% | 0% | 0% | -0% | -0% | 4% | |
| -107 | -1,010 | -2,386 | -816 | -1,222 | -971 | -497 | |
| EPS in Rs | -3,070.18 | -28,574.18 | -70,096.54 | -23,123.76 | -1.54 | -1.14 | -0.59 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 72% |
| 3 Years: | 40% |
| TTM: | 72% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| TTM: | 57% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 80% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -21% |
| 3 Years: | -9% |
| Last Year: | -6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0 | 0 | 0 | 0 | 764 | 836 | 845 |
| Reserves | 1,036 | 2,356 | 457 | 7,644 | 15,741 | 18,623 | 18,897 |
| Preference Capital | 174 | 244 | 252 | 455 | 0 | 0 | |
| 12 | 104 | 73 | 72 | 70 | 507 | 521 | |
| 327 | 953 | 2,370 | 987 | 751 | 1,632 | 1,845 | |
| Total Liabilities | 1,374 | 3,413 | 2,900 | 8,704 | 17,327 | 21,599 | 22,108 |
| 190 | 389 | 1,591 | 1,539 | 1,404 | 6,343 | 6,271 | |
| CWIP | 1 | 1 | 1 | 0 | 1 | 8 | 12 |
| Investments | 829 | 2,145 | 324 | 2,205 | 4,718 | 6,765 | 10,719 |
| 354 | 879 | 985 | 4,959 | 11,204 | 8,484 | 5,106 | |
| Total Assets | 1,374 | 3,413 | 2,900 | 8,704 | 17,327 | 21,599 | 22,108 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| -2,144 | -1,018 | -693 | -844 | |||
| 1,740 | -5,245 | -7,971 | 797 | |||
| 359 | 6,402 | 8,750 | -127 | |||
| Net Cash Flow | -45 | 139 | 86 | -174 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| Debtor Days | 20 | 20 | 17 | 24 | 14 | 24 |
| Inventory Days | 28 | 28 | 22 | |||
| Days Payable | 565 | 298 | 178 | |||
| Cash Conversion Cycle | 20 | 20 | 17 | -513 | -257 | -133 |
| Working Capital Days | -28 | -23 | -18 | 100 | 317 | 208 |
| ROCE % | -115% | -135% | -12% | -13% | -6% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
17 Nov - Zomato Limited ha informed the exchange about schedule of investor meet.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
10 Nov - Zomato Limited has informed exchange about transcript of earnings call held on November 3, 2023
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Announcement under Regulation 30 (LODR)-Newspaper Publication
5 Nov - Zomato Limited has informed the exchange about extract of newspaper publication- financial results for the quarter and half year ended on September 30, 2023
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
3 Nov - Zomato Limited has informed the Exchange about link of audio recording of earnings conference call.
- Results For The Quarter And Half Year Ended September 30, 2023 3 Nov
Annual reports
Concalls
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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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]