This consumer service company share zoomed 8% today

This consumer service company share zoomed 8% today

by 5paisa Research Team Last Updated: Apr 25, 2023 - 04:36 pm 198 Views

The share price broke 4 month high.  

Zomato Ltd, an S&P BSE 200 company, has delivered robust returns to its shareholders in the last 4 months. The share price zoomed 8% touching Rs 60.40 during the early trading session on Tuesday amid heavy trading volumes. The food delivery player regained the market capitalization of Rs 50,000 crore as the stock rose. The stock has surged around 19% in the past one month from Rs 50.10 on 27th March 2023 to Rs 60.40 on 25th April 2023. 

Recent performance highlights    

In Q3FY23, on a consolidated basis, the company’s net sales increased by 75.20% YoY to Rs 1,948.20 crore from Rs 1,112 in the same quarter last year. On yearly basis, the company’s net sales increased by 110.27% YoY to Rs 4192.40 from Rs 1993.80 crore. 

The company is currently trading at a negative PE of 133.52X against the industry PE of 53.3x. In FY23, the company delivered a negative ROE and ROCE of 10.7% and 10.6%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 49,755.77 crore. 

Company Profile    

Zomato is one of the leading online Food Service platforms in terms of the value of food sold as of Dec 31, 2020. Zomato's technology platform connects customers, restaurant partners and delivery partners, serving their multiple needs. Customers use its platform to search and discover restaurants, read and write customer-generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants 

Growth Drivers 

The company has two core B2C offerings - food delivery and dining-out - and two B2B offerings - Hyperpure and Zomato Pro. These offerings help increase the value of its platform for customers, attract new customers, and deepen engagement with existing customers. Additionally, they help improve the Assortment, Affordability, Accessibility and Quality (AAAQ) of restaurant food, helping to grow the restaurant industry. 

Share price movements 

Today, the share of Zomato Ltd opened at Rs 56.30 and has touched a high and low of Rs 60.58 and Rs 56.30, respectively. So far 1,06,63,489 shares have been traded on the bourses. 

At the time of writing, the shares of Zomato Ltd were trading at Rs 58.01, an increase of 3.66% from the previous day’s closing price of Rs 55.96 on BSE. The stock has a 52-week high and low of Rs 81.65 and Rs 40.55 respectively on BSE. 

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