Zomato Share Price target 2024 to 2030, fundamentals and more…

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In this article, we will try to analyze the Zomato share price target for 2024, 2025, 2026, 2027, 2028, 2029, and 2030 based on the history of company’s financials and various reports from research and brokerage firms.

CompanyMD & CEO
Zomato LimitedMr Deepinder Goyal

Introduction

Zomato is one of the leading online food service platform that offers food delivery, dining-out services, loyalty programs, and others. Zomato has a total 19,16,416 shareholders as of March 2024.

Recent News

Zomato has recently introduced India’s first ‘large order fleet’ to serve orders for gatherings of up to 50 people. Zomato CEO Deepinder Goyal said that previously, Zomato was processing large orders using multiple delivery agents. These vehicles will come with the advantage of cooling compartments and hot boxes with temperature control.

JM Financial A brokerage firm raised its price target on Zomato to Rs 260 from Rs 200 after analyzing the company’s quick commerce business Blinkit’s exponential growth.

JM Financial said that Zomato is one of our preferred stocks in the listed market as its balance sheet remains strong with net cash of Rs 12000 crore as of December 2023 (as against Rs 11800 crore in September 2023).

Stock Performance

Zomato has delivered Compounded Sales Growth of 40% in the last 3 years.

Zomato has delivered Compounded Profit Growth of 16% in the last 3 years.

Zomato has delivered Stock Price CAGR of 249% in the last year.

Zomato has delivered Return on Equity (RoE) -9% in the last 3 years.

Recent Quarterly Performance

Dec’23
Revenue3,288
Expense138
Operating Profit-270
Profit before tax-74
Net Profit-12
All values are in crore

Company Overview

Zomato is a food ordering and delivery platform where customers can search for and discover local restaurants, order food, and have it delivered to their address quickly. 

Zomato consists of four offerings:

  1. Zomato Food Delivery – Food Delivery Service
  2. Blinkit Quick Commerce – daily use of more than 1,000 products delivered within minutes
  3. Hyperpure – is a B2B business supplying high-quality food ingredients and other products.
  4. Feeding India – is a not-for profit organization to reduce hunger and malnutrition among underserved communities in India.

Financials

Market Cap2,26,337
P/E Ratio305
Industry P/E169.79
Return on Equity3.48%
Debt to Equity0.05
Dividend Yield0.00%

Net-profit margin

YearRevenueProfit
202412,961351
20237,761-971
20224,687-1222
20212,118-816
20202,743-2386
20191,398-1010

Share-holding pattern

Mar’24Dec’23Sep’23Jun’23Mar’23
Foreign Institution 55.11%54.88%54.72%54.42%54.60%
Retail29.62%30.68%32.24%35.65%37.36%
Mutual Fund11.96%12.34%10.56%8.30%6.40%
Domestic Institution 3.31%2.11%2.48%1.63%1.63%

Zomato share price target: 2024

20241st Price Target2nd Price Target
January 2024xx
February 2024xx
March 2024xx
April 2024171205
May 2024177212
June 2024185220
July 2024192228
August 2024198236
September 2024205244
October 2024216277
November 2024225285
December 2024233305
  • Minimum share price target of Zomato for 2024 – 120 INR
  • Maximum share price target of Zomato for 2024 – 255 INR
  • Average share price target of Zomato for 2024 – 185 INR
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Zomato share price target: 2025

20251st Price Target2nd Price Target
January 2025235261
February 2025242268
March 2025245275
April 2025252280
May 2025258285
June 2025266288
July 2025272282
August 2025278295
September 2025285305
October 2025295312
November 2025302320
December 2025310333

  • Minimum share price target of Zomato for 2025 – 235 INR
  • Maximum share price target of Zomato for 2025 – 333 INR
  • Average share price target of Zomato for 2025 – 288 INR
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Zomato share price target: 2026

20261st Price Target2nd Price Target
January 2026315335
February 2026322345
March 2026336358
April 2026343355
May 2026348366
June 2026355378
July 2026362388
August 2026370395
September 2026386408
October 2026395417
November 2026405425
December 2026422446
  • Minimum share price target of Zomato for 2026 – 315 INR
  • Maximum share price target of Zomato for 2026 – 446 INR
  • Average share price target of Zomato for 2026 – 380 INR

Zomato share price target: 2027

20271st Price Target2nd Price Target
January 2027425452
February 2027433466
March 2027445475
April 2027456482
May 2027465496
June 2027472505
July 2027485512
August 2027493522
September 2027510535
October 2027518544
November 2027527557
December 2027538565
  • Minimum share price target of Zomato for 2027 – 425 INR
  • Maximum share price target of Zomato for 2027 – 565 INR
  • Average share price target of Zomato for 2027 – 505 INR

Zomato share price target: 2028

20281st Price Target2nd Price Target
January 2028535570
February 2028540575
March 2028548585
April 2028557588
May 2028565595
June 2028582602
July 2028575610
August 2028588615
September 2028595622
October 2028610628
November 2028618635
December 2028625644
  • Minimum share price target of Zomato for 2028 – 535 INR
  • Maximum share price target of Zomato for 2028 – 644 INR
  • Average share price target of Zomato for 2028 – 590 INR
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Zomato share price target: 2029

20291st Price Target2nd Price Target
January 2029628652
February 2029635665
March 2029644672
April 2029658685
May 2029664688
June 2029675694
July 2029683705
August 2029695712
September 2029710724
October 2029722735
November 2029735750
December 2029742768
  • Minimum share price target of Zomato for 2029 – 628 INR
  • Maximum share price target of Zomato for 2029 – 768 INR
  • Average share price target of Zomato for 2029 – 700 INR

Zomato share price target: 2030

20301st Price Target2nd Price Target
January 2030745775
February 2030754788
March 2030766795
April 2030774805
May 2030785810
June 2030796818
July 2030810825
August 2030815838
September 2030824844
October 2030833856
November 2030845868
December 2030858875
  • Minimum share price target of Zomato for 2030 – 745 INR
  • Maximum share price target of Zomato for 2030 – 875 INR
  • Average share price target of Zomato for 2030 – 810 INR
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Conclusion

Zomato has given more than 250% returns to its investors in the last year. The public participation has been reduced in the share holding pattern of the company because FII and DII are betting on the stock.

By acquiring Blinkit, Zomato has reported the first profit as of June 2023. Now Zomato is growing quarter-on-quarter.

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FAQ-

Is Zomato a good buy?

Zomato is almost a debt free company while some mutual funds and Foreign Institutions investing in Zomato so it can be say that Zomato is a good buy.

What will be Zomato’s share price in 2025?

Minimum share price target of Zomato for 2025 – 235 INR
Maximum share price target of Zomato for 2025 – 333 INR
Average share price target of Zomato for 2025 – 288 INR

Is Zomato Profitable?

Yes! Zomato has reported 8,552 crore revenue with a profit of Rs 176 crore.

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