Zomato Ltd: Intrinsic Value & Share Price Analysis

Q: What is the intrinsic value of Zomato Ltd and is it undervalued?

As of 26 April 2026, Zomato Ltd's intrinsic value is 183.49, which is 28.60% lower than the current market price of 257.00, suggesting the stock is overvalued. Calculated using the PE ratio method factoring in ROE (1.71 %), book value (31.9), dividend yield (0.00 %), and 5-year EPS CAGR.

Q: What is the current share price and 52-week range of Zomato Ltd?

Zomato Ltd is trading at 257.00 as of 26 April 2026, with a FY2026-2027 high of 368 and low of 213. The stock is currently in the middle of its 52-week range. Market cap stands at 2,47,811 Cr..

Q: Is Zomato Ltd financially healthy?

Key indicators: ROCE of 2.66 % is on the lower side. Dividend yield is 0.00 %.

Q: Is Zomato Ltd profitable and how is the profit trend?

Zomato Ltd reported a net profit of 527 Cr in Mar 2025 on revenue of 20,243 Cr. Compared to -1,222 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹477.61Undervalued by 85.84%vs CMP ₹257.00

P/E (1,073.0) × ROE (1.7%) × BV (₹31.90) × DY (2.00%)

₹183.49Overvalued by 28.60%vs CMP ₹257.00

MoS: -40.1% (Negative)Confidence: 56/100 (Moderate)Models: 1 Under, 6 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹586.40	30%	Under (+128.2%)
Graham Number	Earnings	₹13.40	18%	Over (-94.8%)
DCF	Cash Flow	₹2.40	14%	Over (-99.1%)
Net Asset Value	Assets	₹31.96	10%	Over (-87.6%)
EV/EBITDA	Enterprise	₹12.20	12%	Over (-95.3%)
Earnings Yield	Earnings	₹2.50	10%	Over (-99%)
Revenue Multiple	Revenue	₹20.99	7%	Over (-91.8%)
Consensus (7 models)		₹183.49	100%	Overvalued

Key Drivers: P/E of 1,073 makes PE-ROE unreliable — asset/earnings models are better benchmarks. | ROE 1.7% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 22.8%

*Investments are subject to market risks

Analyst Summary

Zomato Ltd operates in the E-Commerce - Electronics/Food/Others segment, NSE: ETERNAL | BSE: 543320, current market price is ₹257.00, market cap is 2,47,811 Cr.. At a glance, stock P/E is 1,073, ROE is 1.71 %, ROCE is 2.66 %, book value is 31.9, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹183.49, around 28.6% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹20,243 Cr versus the prior period change of 67.1%, while latest net profit is about ₹527 Cr with a prior-period change of 50.1%. The 52-week range shown on this page is 368/213, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisEternal Ltd. is a Public Limited Listed company incorporated on 18/01/2010 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L93030DL2010PLC…

This summary is generated from the stock page data available for Zomato Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Zomato Ltd scores 51/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health46/100 · Moderate

ROCE 2.7% WeakROE 1.7% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent

Smart Money45/100 · Moderate

FII holding down -8.12% (6mo) SellingDII holding up 9.14% MF buying

Earnings Quality65/100 · Strong

OPM expanding (-31% → 2%) Improving

Quarterly Momentum60/100 · Moderate

Revenue (4Q): +139% YoY AcceleratingProfit (4Q): -65% YoY Declining

Industry Rank30/100 · Weak

P/E 1,073.0 vs industry 213.0 Premium to peersROCE 2.7% vs industry 9.7% Below peersROE 1.7% vs industry 11.0% Below peers3Y sales CAGR: 69% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 26, 2026, 12:58 am

Market Cap	2,47,811 Cr.
Current Price	257
Intrinsic Value	₹183.49
High / Low	368/213
Stock P/E	1,073
Book Value	31.9
Dividend Yield	0.00 %
ROCE	2.66 %
ROE	1.71 %
Face Value	1.00
PEG Ratio	47.11

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Zomato Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Zomato Ltd	2,47,811 Cr.	257	368/213	1,073	31.9	0.00 %	2.66 %	1.71 %	1.00
FSN E-Commerce Ventures Ltd	75,247 Cr.	263	286/188	497	4.85	0.00 %	9.59 %	5.16 %	1.00
Cartrade Tech Ltd	8,120 Cr.	1,694	3,291/1,485	39.6	487	0.00 %	7.59 %	6.24 %	10.0
Intrasoft Technologies Ltd	122 Cr.	74.6	121/54.0	9.76	150	0.00 %	6.21 %	5.87 %	10.0
Nandani Creation Ltd	63.5 Cr.	33.2	50.6/24.4	38.7	33.5	0.00 %	11.2 %	7.85 %	10.0
Industry Average	82,825.00 Cr	271.79		212.95	92.79	0.00%	9.70%	10.97%	8.00

All Competitor Stocks of Zomato Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	1,948	2,056	2,416	2,848	3,288	3,562	4,206	4,799	5,405	5,833	7,167	13,590	16,315
Expenses	2,314	2,282	2,464	2,895	3,237	3,476	4,029	4,573	5,243	5,761	7,052	13,351	15,947
Operating Profit	-366	-226	-48	-47	51	86	177	226	162	72	115	239	368
OPM %	-19%	-11%	-2%	-2%	2%	2%	4%	5%	3%	1%	2%	2%	2%
Other Income	173	171	181	212	219	235	236	221	252	368	354	352	348
Interest	16	15	18	16	18	20	25	30	43	56	67	86	107
Depreciation	155	134	130	128	128	140	149	180	247	287	314	376	439
Profit before tax	-364	-204	-15	21	124	161	239	237	124	97	88	129	170
Tax %	-5%	-8%	-113%	-71%	-11%	-9%	-6%	26%	52%	60%	72%	50%	40%
Net Profit	-347	-188	2	36	138	175	253	176	59	39	25	65	102
EPS in Rs	-0.41	-0.22	0.00	0.04	0.16	0.20	0.29	0.20	0.06	0.04	0.03	0.07	0.11

Last Updated: February 3, 2026, 3:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 15, 2026, 10:36 pm

Metric	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	466	1,313	2,605	1,994	4,192	7,079	12,114	20,243	42,905
Expenses	558	3,556	4,909	2,461	6,043	8,290	12,071	19,595	42,111
Operating Profit	-92	-2,243	-2,305	-467	-1,851	-1,211	43	648	794
OPM %	-20%	-171%	-88%	-23%	-44%	-17%	0%	3%	2%
Other Income	21	1,285	16	-200	793	682	846	1,066	1,422
Interest	6	9	13	10	12	49	72	154	316
Depreciation	29	43	84	138	150	437	526	863	1,416
Profit before tax	-107	-1,010	-2,386	-815	-1,220	-1,015	291	697	484
Tax %	0%	0%	0%	0%	0%	-4%	-21%	24%
Net Profit	-107	-1,010	-2,386	-816	-1,222	-971	351	527	231
EPS in Rs	-3,070.18	-28,574.18	-70,096.54	-23,123.76	-1.54	-1.14	0.40	0.55	0.25
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-843.93%	-136.24%	65.80%	-49.75%	20.54%	136.15%	50.14%
Change in YoY Net Profit Growth (%)	0.00%	707.69%	202.04%	-115.56%	70.30%	115.61%	-86.01%

Zomato Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

Growth

Last Updated: September 5, 2025, 2:26 pm

Balance Sheet

Last Updated: December 4, 2025, 2:25 am

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	0.03	0.03	0.03	0.00	764	836	868	907	910
Reserves	1,036	2,356	457	7,644	15,741	18,624	19,545	29,410	29,912
Borrowings	186	348	326	527	70	507	749	2,045	3,351
Other Liabilities	152	709	2,117	532	751	1,632	2,194	3,261	3,942
Total Liabilities	1,374	3,413	2,900	8,704	17,327	21,599	23,356	35,623	38,115
Fixed Assets	190	389	1,591	1,539	1,404	6,344	6,448	9,532	11,083
CWIP	1	1	1	0	1	7	18	51	116
Investments	829	2,145	324	2,205	4,718	6,765	11,645	13,192	14,758
Other Assets	354	879	985	4,959	11,204	8,483	5,245	12,848	12,158
Total Assets	1,374	3,413	2,900	8,704	17,327	21,599	23,356	35,623	38,115

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-2,144	-1,018	-693	-844	646	308
Cash from Investing Activity +	1,740	-5,245	-7,971	797	-348	-7,993
Cash from Financing Activity +	359	6,402	8,750	-127	-207	8,042
Net Cash Flow	-45	139	86	-174	91	357
Free Cash Flow	-2,165	-1,028	-750	-945	444	-623
CFO/OP	92%	222%	36%	67%	1,747%	66%

Free Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-278.00	-350.00	-328.00	-994.00	-71.00	-508.00	-706.00	646.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	20	20	17	24	14	24	24	35
Inventory Days				28	28	22	11	12
Days Payable				565	298	178	112	101
Cash Conversion Cycle	20	20	17	-513	-257	-132	-77	-54
Working Capital Days	-43	-31	-20	96	316	200	41	45
ROCE %		-115%	-135%	-12%	-13%	-6%	1%	3%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
FIIs	54.61%	54.43%	54.72%	54.88%	55.11%	54.11%	52.53%	47.31%	44.36%	42.34%	39.04%	36.24%
DIIs	8.04%	9.93%	13.04%	15.47%	15.28%	15.79%	17.32%	20.51%	23.47%	26.49%	30.04%	32.61%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.10%	0.10%	0.10%	0.10%
Public	35.15%	33.56%	30.42%	27.98%	28.05%	28.64%	28.86%	26.09%	26.08%	25.17%	25.12%	25.47%
Others	2.22%	2.09%	1.82%	1.66%	1.58%	1.45%	1.27%	6.07%	5.98%	5.91%	5.71%	5.58%
No. of Shareholders	19,10,058	17,10,368	17,08,100	17,27,996	19,16,416	21,40,942	23,56,308	25,20,804	27,91,930	24,99,813	22,68,441	22,71,175

Shareholding Pattern Chart

No. of Shareholders

Zomato Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Midcap Fund	87,473,898	6.4	2154.48	86,225,827	2026-03-12 00:38:56	1.45%
Kotak Flexicap Fund	64,000,000	2.77	1576.32	63,000,000	2025-12-15 01:57:47	1.59%
HDFC Flexi Cap Fund	60,709,961	1.49	1495.29	N/A	N/A	N/A
UTI Flexi Cap Fund	47,670,000	5.13	1174.11	47,400,000	2026-02-23 07:12:10	0.57%
ICICI Prudential Balanced Advantage Fund	45,420,203	1.57	1118.7	41,356,022	2026-03-23 08:17:19	9.83%
HDFC Balanced Advantage Fund	43,965,593	1.01	1082.87	39,965,593	2026-03-24 01:56:19	10.01%
Mirae Asset Large Cap Fund	40,264,050	2.47	991.7	40,256,244	2026-03-23 08:17:19	0.02%
HDFC Mid Cap Fund	35,950,392	0.94	885.46	N/A	N/A	N/A
Kotak Large & Midcap Fund	35,000,000	2.81	862.05	N/A	N/A	N/A
Kotak Midcap Fund	33,694,705	1.35	829.9	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	0.60	0.41	-1.20	-1.67	-1.51
Diluted EPS (Rs.)	0.58	0.40	-1.20	-1.67	-1.51
Cash EPS (Rs.)	1.53	1.01	-0.63	-1.40	-21893.03
Book Value[Excl.RevalReserv]/Share (Rs.)	33.43	23.51	23.26	21.59	246389.58
Book Value[Incl.RevalReserv]/Share (Rs.)	33.43	23.51	23.26	21.59	246389.58
Revenue From Operations / Share (Rs.)	22.32	13.96	8.46	5.49	64315.77
PBDIT / Share (Rs.)	1.89	1.02	-0.63	-1.77	-11049.42
PBIT / Share (Rs.)	0.93	0.41	-1.15	-1.97	-15492.77
PBT / Share (Rs.)	0.76	0.33	-1.21	-1.60	-26294.32
Net Profit / Share (Rs.)	0.58	0.40	-1.16	-1.60	-26336.39
NP After MI And SOA / Share (Rs.)	0.58	0.40	-1.16	-1.58	-26219.87
PBDIT Margin (%)	8.46	7.33	-7.46	-32.34	-17.17
PBIT Margin (%)	4.20	2.99	-13.64	-35.92	-24.08
PBT Margin (%)	3.44	2.40	-14.32	-29.11	-40.88
Net Profit Margin (%)	2.60	2.89	-13.71	-29.16	-40.94
NP After MI And SOA Margin (%)	2.60	2.89	-13.72	-28.83	-40.76
Return on Networth / Equity (%)	1.73	1.71	-4.99	-7.32	-10.63
Return on Capital Employeed (%)	2.63	1.70	-4.79	-9.06	-5.86
Return On Assets (%)	1.47	1.50	-4.49	-6.97	-9.33
Asset Turnover Ratio (%)	0.68	0.53	0.36	0.32	0.29
Current Ratio (X)	3.52	2.62	7.52	10.60	8.02
Quick Ratio (X)	3.47	2.58	7.46	10.55	7.99
Inventory Turnover Ratio (X)	153.36	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	11.13	12.35	-10.86	-112.99	-33.97
Interest Coverage Ratio (Post Tax) (X)	4.42	5.88	-18.93	-125.68	-47.77
Enterprise Value (Cr.)	179139.50	157541.80	41639.84	61319.79	0.00
EV / Net Operating Revenue (X)	8.85	13.00	5.88	14.63	0.00
EV / EBITDA (X)	104.52	177.21	-78.74	-45.22	0.00
MarketCap / Net Operating Revenue (X)	9.03	13.07	6.02	15.00	0.00
Price / BV (X)	6.03	7.75	2.19	3.81	0.00
Price / Net Operating Revenue (X)	9.03	13.07	6.02	15.00	0.00
EarningsYield	0.00	0.00	-0.02	-0.01	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Eternal Ltd. is a Public Limited Listed company incorporated on 18/01/2010 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L93030DL2010PLC198141 and registration number is 198141. Currently Company is involved in the business activities of Other information service activities. Company's Total Operating Revenue is Rs. 8617.00 Cr. and Equity Capital is Rs. 907.00 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
E-Commerce - Electronics/Food/Others	Ground Floor, 12A, 94 Meghdoot, New Delhi Delhi 110019	Contact not found

Management
Name	Position Held
Mr. Kaushik Dutta	Chairman & Ind.Director
Mr. Deepinder Goyal	Managing Director & CEO
Mr. Sanjeev Bikhchandani	Non Executive Director
Ms. Aparna Popat Ved	Independent Director
Ms. Sutapa Banerjee	Independent Director
Ms. Namita Gupta	Independent Director

FAQ

What is the intrinsic value of Zomato Ltd and is it undervalued?

As of 26 April 2026, Zomato Ltd's intrinsic value is ₹183.49, which is 28.60% lower than the current market price of ₹257.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (1.71 %), book value (₹31.9), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Zomato Ltd?

Zomato Ltd is trading at ₹257.00 as of 26 April 2026, with a FY2026-2027 high of ₹368 and low of ₹213. The stock is currently in the middle of its 52-week range. Market cap stands at ₹2,47,811 Cr..

How does Zomato Ltd's P/E ratio compare to its industry?

Zomato Ltd has a P/E ratio of 1,073, which is above the industry average of 212.95. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Zomato Ltd financially healthy?

Key indicators for Zomato Ltd: ROCE of 2.66 % is on the lower side compared to the industry average of 9.70%; ROE of 1.71 % is below ideal levels (industry average: 10.97%). Dividend yield is 0.00 %.

Is Zomato Ltd profitable and how is the profit trend?

Zomato Ltd reported a net profit of ₹527 Cr in Mar 2025 on revenue of ₹20,243 Cr. Compared to ₹-1,222 Cr in Mar 2022, the net profit shows an improving trend.

Does Zomato Ltd pay dividends?

Zomato Ltd has a dividend yield of 0.00 % at the current price of ₹257.00. The company is currently not paying meaningful dividends.