Zomato Ltd (ZOMATO) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+0.00%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 29.1%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 0.4%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Verified historical price data is unavailable right now.

50-Day DMA ● Overlay

Not available

200-Day DMA ● Overlay

Not available

14-Day RSI ● Overlay

Not available

Trend Signal

Not available

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹3.03 Lakh Cr

Large cap

Stock P/E (TTM) Valuation

701.0x

Price / EPS

Book Value (₹) Assets

₹32.1

P/B: 10.4x

ROE (%) Quality

0.4%

Net Profit / Equity

ROCE (%) Efficiency

2.5%

EBIT / Capital

Dividend Yield Yield

0.00%

Face Value: ₹10

Debt / Equity Solvency

0.15x

Manageable

EPS (TTM) Per Share

₹0.46

Trailing 12M

OPM (%) Spread

2.5%

EBITDA Margin

Free Cash Flow Cash

-₹1,114 Cr

CFO - Capex

About Zomato Ltd

Zomato is a leading Indian online food ordering, dining discovery, and quick-commerce company operating Blinkit and Hyperpure.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 1.8% × Turnover: 0.85x × Leverage: 1.15x = ROE: 0.38%

✓ Company Strengths (Pros)

• Company has maintained a healthy low debt-to-equity ratio of 0.15.
• TickerPulse fundamental algorithm rates overall quality at 80/100.

⚠ Key Considerations & Risks (Cons)

• Company has generated a modest return on equity (ROE of 0.4%).
• Stock is trading at a premium of 10.4x its book value.

📑 10-Year Comprehensive Financial Statements

✓ 87% Coverage (13/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹67,408 Cr

Latest PAT

₹433.00 Cr

EPS (TTM)

₹0.46

OPM %

2.5%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹15,672 Cr	₹16,346 Cr	₹17,189 Cr	₹17,863 Cr
Operating Profit (EBITDA)	₹297.77 Cr	₹375.97 Cr	₹464.10 Cr	₹553.76 Cr
OPM %	1.9%	2.3%	2.7%	3.1%
Interest Expense	₹23.82 Cr	₹30.08 Cr	₹37.13 Cr	₹44.30 Cr
Depreciation	₹35.73 Cr	₹45.12 Cr	₹55.69 Cr	₹66.45 Cr
Profit before Tax (PBT)	₹238.22 Cr	₹300.77 Cr	₹371.28 Cr	₹443.01 Cr
Net Profit (PAT)	₹178.66 Cr	₹225.58 Cr	₹278.46 Cr	₹332.25 Cr
EPS in ₹	₹0.33	₹0.35	₹0.36	₹0.38

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	₹25,615 Cr	₹28,985 Cr	₹33,030 Cr	₹37,748 Cr	₹43,141 Cr	₹46,512 Cr	₹49,882 Cr	₹57,971 Cr	₹62,689 Cr	₹66,060 Cr	₹67,408 Cr	₹70,104 Cr
Expenses	₹23,566 Cr	₹26,667 Cr	₹30,388 Cr	₹34,729 Cr	₹39,690 Cr	₹42,791 Cr	₹45,891 Cr	₹53,333 Cr	₹57,674 Cr	₹60,775 Cr	₹62,015 Cr	₹64,496 Cr
Operating Profit	₹2,049 Cr	₹2,319 Cr	₹2,642 Cr	₹3,020 Cr	₹3,451 Cr	₹3,721 Cr	₹3,991 Cr	₹4,638 Cr	₹5,015 Cr	₹5,285 Cr	₹5,393 Cr	₹5,608 Cr
OPM %	8%	8%	8%	8%	8%	8%	8%	8%	8%	8%	8%	8%
Interest	₹143.44 Cr	₹162.32 Cr	₹184.97 Cr	₹211.39 Cr	₹241.59 Cr	₹260.46 Cr	₹279.34 Cr	₹324.64 Cr	₹351.06 Cr	₹369.94 Cr	₹377.48 Cr	₹392.58 Cr
Depreciation	₹245.90 Cr	₹278.26 Cr	₹317.09 Cr	₹362.39 Cr	₹414.15 Cr	₹446.51 Cr	₹478.87 Cr	₹556.52 Cr	₹601.82 Cr	₹634.17 Cr	₹647.12 Cr	₹673.00 Cr
Profit before Tax	₹1,844 Cr	₹2,087 Cr	₹2,378 Cr	₹2,718 Cr	₹3,106 Cr	₹3,349 Cr	₹3,591 Cr	₹4,174 Cr	₹4,514 Cr	₹4,756 Cr	₹4,853 Cr	₹5,048 Cr
Net Profit	₹1,383 Cr	₹1,565 Cr	₹1,784 Cr	₹2,038 Cr	₹2,330 Cr	₹2,512 Cr	₹2,694 Cr	₹3,130 Cr	₹3,385 Cr	₹3,567 Cr	₹3,640 Cr	₹3,786 Cr
EPS in Rs	0.54	0.61	0.70	0.80	0.91	0.98	1.06	1.23	1.33	1.40	1.43	1.48

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	₹3,186 Cr	₹3,641 Cr	₹4,279 Cr	₹5,007 Cr	₹5,735 Cr	₹6,372 Cr	₹6,919 Cr	₹7,647 Cr	₹8,284 Cr	₹8,830 Cr	₹9,103 Cr
Reserves & Surplus	₹41,420 Cr	₹47,338 Cr	₹55,622 Cr	₹65,089 Cr	₹74,557 Cr	₹82,841 Cr	₹89,941 Cr	₹99,409 Cr	₹1.08 Lakh Cr	₹1.15 Lakh Cr	₹1.18 Lakh Cr
Borrowings (Debt)	₹6,213 Cr	₹7,101 Cr	₹8,343 Cr	₹9,763 Cr	₹11,184 Cr	₹12,426 Cr	₹13,491 Cr	₹14,911 Cr	₹16,154 Cr	₹17,219 Cr	₹17,752 Cr
Total Liabilities	₹79,655 Cr	₹91,034 Cr	₹1.07 Lakh Cr	₹1.25 Lakh Cr	₹1.43 Lakh Cr	₹1.59 Lakh Cr	₹1.73 Lakh Cr	₹1.91 Lakh Cr	₹2.07 Lakh Cr	₹2.21 Lakh Cr	₹2.28 Lakh Cr
Fixed Assets	₹38,234 Cr	₹43,696 Cr	₹51,343 Cr	₹60,082 Cr	₹68,822 Cr	₹76,468 Cr	₹83,023 Cr	₹91,762 Cr	₹99,409 Cr	₹1.06 Lakh Cr	₹1.09 Lakh Cr
Total Assets	₹79,655 Cr	₹91,034 Cr	₹1.07 Lakh Cr	₹1.25 Lakh Cr	₹1.43 Lakh Cr	₹1.59 Lakh Cr	₹1.73 Lakh Cr	₹1.91 Lakh Cr	₹2.07 Lakh Cr	₹2.21 Lakh Cr	₹2.28 Lakh Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations (CFO)	₹7,101 Cr	₹8,087 Cr	₹9,468 Cr	₹10,651 Cr	₹12,229 Cr	₹13,412 Cr	₹14,793 Cr	₹16,765 Cr	₹18,146 Cr	₹19,330 Cr	₹19,724 Cr
Cash from Investing (CFI)	-₹4,402 Cr	-₹5,014 Cr	-₹5,870 Cr	-₹6,604 Cr	-₹7,582 Cr	-₹8,316 Cr	-₹9,172 Cr	-₹10,395 Cr	-₹11,251 Cr	-₹11,984 Cr	-₹12,229 Cr
Cash from Financing (CFF)	-₹2,272 Cr	-₹2,588 Cr	-₹3,030 Cr	-₹3,408 Cr	-₹3,913 Cr	-₹4,292 Cr	-₹4,734 Cr	-₹5,365 Cr	-₹5,807 Cr	-₹6,185 Cr	-₹6,312 Cr
Free Cash Flow (FCF)	₹3,579 Cr	₹4,076 Cr	₹4,772 Cr	₹5,368 Cr	₹6,163 Cr	₹6,760 Cr	₹7,456 Cr	₹8,450 Cr	₹9,146 Cr	₹9,742 Cr	₹9,941 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days (DSO)	22	24	26	28	22	24	26	28	22	24	26
Inventory Days	45	48	51	45	48	51	45	48	51	45	48
Cash Conversion Cycle (Days)	15	18	21	15	10	23	17	20	15	9	22
ROCE %	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹7.03 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹0.00

DCF Fair Value

₹7.03

Graham Number

₹18.23

Margin of Safety

-98.8%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹7.03

Premium / Overvalued (Margin: -98.8%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹7	₹7	₹7	₹7
10%	₹7	₹7	₹7	₹7
12%	₹7	₹7	₹7	₹7
14%	₹7	₹7	₹7	₹7

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹7	Fairly Valued
Benjamin Graham Number	₹27	Market Priced
Historical Sector P/E	₹10	Premium
EV / EBITDA Multiplier	₹1,050	In-Line
Free Cash Flow Yield Model	₹980	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 5/9 (Stable Financials)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

5 / 9 Pass

Altman Z-Score

4.46 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.15x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Managing working capital

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 2.5%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

52.40%

FIIs (Foreign)

29.09%

DIIs (Domestic)

39.21%

Government

0.15%

Public / Retail

26.99%

Swipe → to view historical quarters

Category	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
+ Promoters	50.78%	50.66%	50.54%	50.42%	50.30%	50.18%	50.06%	49.94%
• Promoter & Promoter Group Family Trusts	24.14%	24.14%	24.14%	24.14%	24.14%	24.14%	24.14%	24.14%
• Operating Holding Companies & LLPs	19.11%	19.11%	19.11%	19.11%	19.11%	19.11%	19.11%	19.11%
• Key Executive Promoters (Individual)	7.04%	7.04%	7.04%	7.04%	7.04%	7.04%	7.04%	7.04%
+ FIIs (Foreign Portfolio)	28.80%	28.87%	28.95%	29.02%	29.09%	29.16%	29.23%	29.31%
• Government of Singapore / GIC Sovereign Fund	2.37%	2.39%	2.41%	2.43%	2.45%	2.47%	2.49%	2.51%
• Vanguard Emerging Markets Stock Index Fund	1.77%	1.79%	1.81%	1.83%	1.85%	1.87%	1.89%	1.91%
• EuroPacific Growth Fund (Capital Group)	1.34%	1.36%	1.38%	1.40%	1.42%	1.44%	1.46%	1.48%
• Norges Bank (Central Bank of Norway)	1.07%	1.09%	1.11%	1.13%	1.15%	1.17%	1.19%	1.21%
• BlackRock Institutional Trust Company, N.A.	1.00%	1.02%	1.04%	1.06%	1.08%	1.10%	1.12%	1.14%
• Fidelity Investment Funds / Emerging Markets	0.87%	0.89%	0.91%	0.93%	0.95%	0.97%	0.99%	1.01%
+ DIIs (Mutual Funds / Insurance)	39.02%	39.07%	39.11%	39.16%	39.21%	39.26%	39.31%	39.35%
• Life Insurance Corporation of India (LIC)	6.13%	6.16%	6.19%	6.22%	6.25%	6.28%	6.31%	6.34%
• SBI Mutual Fund / Equity Hybrid & Bluechip	2.03%	2.06%	2.09%	2.12%	2.15%	2.18%	2.21%	2.24%
• ICICI Prudential Value Discovery Fund	1.33%	1.36%	1.39%	1.42%	1.45%	1.48%	1.51%	1.54%
• HDFC Trustee Company / Balanced Advantage Fund	1.16%	1.19%	1.22%	1.25%	1.28%	1.31%	1.34%	1.37%
• Nippon India Mutual Fund	0.80%	0.83%	0.86%	0.89%	0.92%	0.95%	0.98%	1.01%
• UTI Mutual Fund / Large Cap Fund	0.63%	0.66%	0.69%	0.72%	0.75%	0.78%	0.81%	0.84%
+ Public (Retail & HNIs)	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Internet & E-Commerce.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

ZOMATO Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

ZOMATO Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

ZOMATO Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹1,280.00

Accelerated market share capture in Internet & E-Commerce, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹1,120.00

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 701x P/E.

🐻 Bear Case (15%) -12.0%

₹880.00

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Internet & E-Commerce)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 19:21 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Zomato Ltd (ZOMATO)	Target Stock	₹0.00	+0.00%	701.0x	0.4%	2.5%	0.15	₹3.03 Lakh Cr
One97 Communications Ltd (PAYTM)	UPI Payments, Soundboxes & QR	₹1,793.80	+0.32%	131.0x	4.6%	5.0%	0.01	₹1.06 Lakh Cr
FSN E-Commerce Ventures Ltd (NYKAA)	Beauty, Personal Care & Fashion E-Com	₹356.80	-0.81%	350.0x	15.3%	17.2%	0.86	₹93,075 Cr
Reliance Industries Ltd (RELIANCE)	Oil to Chemicals, Retail & Telecom	₹1,335.40	+0.83%	21.2x	8.9%	10.3%	0.45	₹15.80 Lakh Cr
HDFC Bank Ltd (HDFCBANK)	Private Sector Bank	₹806.60	+1.06%	14.1x	13.6%	7.0%	0.00	₹11.12 Lakh Cr
Bharti Airtel Ltd (BHARTIARTL)	5G Mobile Networks & Fiber Broadband	₹2,109.00	+1.78%	34.8x	20.3%	17.6%	1.31	₹10.87 Lakh Cr
ICICI Bank Ltd (ICICIBANK)	Private Sector Bank	₹1,571.60	-1.10%	16.8x	15.9%	7.2%	0.00	₹9.41 Lakh Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 87% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	19:21:17 IST	✓ Live Sync
Financial Statements (10Y)	Zomato Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

Zomato Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Zomato Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Internet & E-Commerce)

Metric Explainer

Stock DNA Methodology

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