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Time period given by analyst is one year when Zomato Ltd. price can reach defined target.
Zomato Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 52860.03 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-2021.
Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 1350.00 Crore, up 7.17 % from last quarter Total Income of Rs 1259.70 Crore and up 79.81 % from last year same quarter Total Income of Rs 750.80 Crore. Company reported net profit after tax of Rs -359.90 Crore in latest quarter.
Investment Rationale
The brokerage believes Zomato is well-placed to gain from robust industry tailwinds for hyperlocal delivery services. However, the volatile market environment, relatively cheap valuations of global peers, investor focus on profitable names and the lock-in expiry for the company’s pre-IPO investors in Jul ’22, may limit near-term upside for the stock
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 31-Mar-2022, while FIIs owned 10.44 per cent, DIIs 3.06 per cent.
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