Zomato (NSE: ZOMATO) share prices will be in focus today. Zomato has received an Income tax notice worth 402 crore.
Zomato, the online food delivery service has informed stock exchanges that it received an order to show cause under section 74(1) of GST.
Zomato stated that in the notice of show cause, it will be required to provide reasons for why the tax liability of 401.70 crores, plus penalties and interest over the period from 29th of October 2019, through the 31st of March 2022 shouldn’t be demanded.
Zomato stated that it would submit an appropriate response to the request for show cause.
It has been found that Zomato shares have grown by 110 percent to date in 2023. Zomato shares have fallen over 2 percent during the past five days.
However, it has delivered an increase of more than 11 percent over the month. In the past six months, it’s satisfied its investors with returns of around 70.
On Wednesday, it was trading at 126.85 rupees in the upward direction, which is which was up 1.48 percent. The company believes it does not have to pay taxes because delivery charges are imposed.
According to the company, as per the contract signed by mutual agreement, the delivery service provided to the customers is offered by the restaurant’s partner, not Zomato.
About Zomato Ltd
Zomato Ltd is an online food service platform established in the year 2010. It’s a technology platform that connects restaurants, and delivery partners to meet their diverse requirements.
It provides the ability to search for restaurants and discover them through an app and website, offering comprehensive information about restaurants.
The app is used by customers to find, and rate restaurants and establish their foodie network for dependable recommendations.
It’s been extended to include Online Ordering Table Reservations as well as the Whitelabel Platform as well as the Point-of-Sale option.
The authorized capital of the company is ₹1,517.37 crore, and it has ₹871.09 crore paid-up capital.
Fundamental Analysis of Zomato Ltd
| Market Cap | ₹ 1,06,796 Cr. |
| Current Price | ₹ 123 |
| 52-wk High | ₹ 132 |
| 52-wk Low | ₹ 44.4 |
| Stock P/E | — |
| Book Value | ₹ 22.9 |
| Dividend | 0.00 % |
| ROCE | -5.79 % |
| ROE | -5.91 % |
| Face Value | ₹ 1.00 |
| P/B Value | 5.38 |
| OPM | -7.41 % |
| EPS | ₹ -0.58 |
| Debt | ₹ 521 Cr. |
| Debt to Equity | 0.03 |
| FII Holding | |
| Sept 2022 | 57.87% |
| Dec 2022 | 56.74% |
| Mar 2023 | 54.61% |
| June 2023 | 54.43% |
| Sept 2023 | 54.72% |
| DII Holding | |
| Sept 2022 | 6.41% |
| Dec 2022 | 7.43% |
| Mar 2023 | 8.04% |
| June 2023 | 9.93% |
| Sept 2023 | 13.04% |
| Public Holding | |
| Sept 2022 | 33.24% |
| Dec 2022 | 33.57% |
| Mar 2023 | 35.15% |
| June 2023 | 33.56% |
| Sept 2023 | 30.42% |
| Others | |
| Sept 2022 | 2.48% |
| Dec 2022 | 2.26% |
| Mar 2023 | 2.22% |
| June 2023 | 2.09% |
| Sept 2023 | 1.82% |
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 1,313 Cr |
| 2020 | ₹ 2,605 Cr |
| 2021 | ₹ 1,994 Cr |
| 2022 | ₹ 4,192 Cr |
| 2023 | ₹ 9,268 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ -1,010 Cr |
| 2020 | ₹ -2,386 Cr |
| 2021 | ₹ -816 Cr |
| 2022 | ₹ -1,222 Cr |
| 2023 | ₹ 497 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | — |
| 2020 | — |
| 2021 | — |
| 2022 | — |
| 2023 | — |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | 16% |
| Current Year: | 57% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | -21% |
| 3 Years: | -9% |
| Last Year: | -6% |
Sales Growth Over 10 Years:
| 10 Years: | — |
| 5 Years: | 72% |
| 3 Years: | 40% |
| Current Year: | 72% |
Company’s Positive Signs:
- The company is debt-free.
- It is anticipated that the company will deliver the best quarter in its history.
Company’s Negative Signs:
- The company’s stock trades at 5.30 times the book value.
- The company has a low coverage ratio.
- The company has a very low rate of return on equity, which is -9.31 percent over the last 3 years.
- The company’s earnings are based on additional earnings in the amount of Rs.737 Cr.
Conclusion
This article is a complete guide about Zomato Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
