Zomato Share Price Target 2023

Share of Zomato is currently trading at around Rs.52/- Existing as well as prospective investors are asking for the Zomato share price target 2023,2024 & 2025. In this article, we will discuss about the business prospects and financial performance of the company and based on our discussion and analysis will tell you the Zomato Share Price Target 2023,2024 & 2025

Zomato Limited is a leading Indian online food ordering and restaurant discovery platform. The company was founded in 2008 and has since grown to become one of the largest food delivery players in India, with a presence in over 500 cities. In this article, we will discuss the business prospects and financial fundamentals of Zomato Limited.

Business Prospects: Zomato has a strong business model with a wide network of restaurants and customers. The company has been successful in expanding its operations across India and also expanding its services to include grocery delivery and online ordering for other categories such as medicines, flowers, and pet food. The company has also made strategic acquisitions such as the purchase of Uber Eats India, which has helped it to expand its reach and customer base.

In addition, Zomato has a strong technological edge over its competitors, with advanced data analytics capabilities and a robust technology platform. This enables the company to provide personalized recommendations to customers and also helps restaurants to optimize their operations and enhance their revenues.

Financial Fundamentals: Zomato has shown impressive growth in its financials over the past few years. The company’s revenue has grown from INR 1,397 crore in FY 2019 to INR 2,604 crore in FY 2021, representing a CAGR of 61%. The company has also been able to reduce its losses, from INR 2,385 crore in FY 2019 to INR 816 crore in FY 2021, due to better cost optimization measures and improved margins.

The company’s EBITDA margins have also improved significantly, from -170% in FY 2019 to -9% in FY 2021, indicating that the company is moving towards profitability. In addition, Zomato has a strong cash balance of over INR 4,000 crore as of December 2021, which gives it a comfortable cushion to continue investing in its growth and expansion plans.

Overall, Zomato has a strong business model and impressive financials, with a promising future ahead. The company’s continued focus on expanding its operations and enhancing its technological capabilities will likely result in further growth and profitability in the years to come.

Zomato Share Price Target 2023

Based on the above discussion and analysis, the share price of Zomato may touch the level of around Rs.75-100 in 2023.

Zomato Share Price Target 2024

Based on the above discussion and analysis, the share price of Zomato  is likely to touch the level of around Rs.125-150 in 2024.

Zomato Share Price Target 2025

Based on the above discussion and analysis, the share price of Zomato is likely to remain in the range of Rs.150-200 in 2025.

Disclaimer : Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general guidance purpose only. Moneyinsight does not offer investment advice and does not encourage any action based on its content.

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