Swiggy and Zomato are major players in India in the food ordering and delivery business. Swiggy is still a loss-making company, but Zomato has started making a profit in the past few quarters. As an investor, you should know the Swiggy share price target for 2024, 2025, and 2026 to choose the right company for investing and making good returns.
As both companies are major players in the food delivery business, investing in the right company or stock can give good returns. In the last 1 to 2 years, Zomato has already given a multi-bagger return. Different experts shared different opinions on the stock, for investing.
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About Swiggy
Swiggy is an Indian company that was founded in 2014. The company is primarily involved in food delivery but there are also many other businesses in which it works.
Businesses in which Swiggy is engaged-
Food Delivery
The company i.e. Swiggy primarily known for its online food ordering and delivery business. In the business, the company lets people order food online through their website or mobile application.
On the Swiggy, there are thousands of food options for everyone one can order anything (if available) in just a few clicks.
Swiggy Instamart
Swiggy Instamart lets users order household and grocery items from their site or mobile application. Here, you can order a wide range of items, such as Fresh Vegetables, Fresh Fruits, Dairy, Bread, Atta, Rice, Dals, Oils, Ghee, Masalas, Cold Drinks, Instant Frozen Food, Cleaning Essentials, Baby Care, Tea, Coffee, and many more.
Swiggy Dineout
Swiggy Dineout lets people search for a restaurant, menu, food items, etc., and reserve seats by making payments.
Swiggy Genie
Using the Swiggy Genie, one can send a product from one place to another or anyone. Here a Swiggy person will pick up the product from your location and later it will be delivered at the delivery location by the Swiggy.
Swiggy Minis
Swiggy Minis is another platform by Swiggy that lets people build their own sites to sell their products, services, etc. One can use the platform through the Swiggy Minus app or site.
Swiggy Ltd’s Scrip Info
| NSE | SWIGGY |
| BSE | 544285 |
| ISIN | INE00H001014 |
| SECTOR | E-COMMERCE/APP-BASED AGGREGATOR |
Company Analysis
Below you’ll find Swiggy Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Sep 2023 | ₹ |
| Dec 2023 | ₹ |
| Mar 2024 | ₹ |
| Jun 2024 | -₹611 |
| Sep 2024 | ₹ |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | ₹NA |
| Mar 2021 | -₹1,612 |
| Mar 2022 | -₹3,629 |
| Mar 2023 | -₹4,179 |
| Mar 2024 | -₹2,350 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹ NA | ROE | -2.10% |
| P/E Ratio (TTM) | 0.00 | EPS (TTM) | -189.26 |
| P/B Ratio | 0.00 | Div. Yield | 0.00% |
| Industry PE | 113.67 | Book Value | -657.59 |
| Debt to Equity | 0.02 | Face Value | 1 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
|---|---|---|---|---|---|
| FIIs | NA | NA | NA | NA | NA |
| DIIs | NA | NA | NA | NA | NA |
| Public | NA | NA | NA | NA | NA |
| Promoters | NA | NA | NA | NA | NA |
| Other Holders | NA | NA | NA | NA | NA |
Key Insights
- Loss Making Company.
- Low Debt on the Company.
- It is Involved in various businesses.
- The Swiggy Ltd’s debt-to-equity is 0.02.
- 3 years of compounded sales growth of the company is 64%.
- 3 years of compounded profit growth for the company is -24%.
- One of the largest food ordering and delivering companies in India.
- The company generates maximum revenue from its food delivery business.
Swiggy Share Price Target
There is tough competition between Swiggy and Zomato. Swiggy is still a loss-making company but on the other side, Zomato started making good profits from the past few quarters. As both are competitors of each other, their achievements may affect another share price.
Zomato was also listed in the NSE and BSE when it was a loss-making company but after a few months of listing, Zomato’s stock price crashed by more than 75%. But when Zomato started making profits from its business now it is trading at Rs. 261 (as of 12 Nov) and its all-time high is Rs. 298.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹480 | ₹500 |
| 2025 | ₹550 | ₹700 |
| 2026 | ₹700 | ₹800 |
Disclaimer: AskDhan or we are not SEBI registered, and this is not a “buying” or “selling” recommendation. We will not be responsible for any loss or profit. This post is only for educational and learning purposes. All the targets given in the post are based on news, brokerage research, technical analysis, etc. We strongly recommend you talk to your financial advisor before making any decision.
Swiggy Share Price Target 2024
As of 13 Nov, there are only a few months left in the year 2024. In the NSE and BSE, the Swiggy stock is listed at Rs. 420 while IPO’s upper price band was set to Rs. 390. In the listing, the stock is listed at a 7-8% premium. By the end of the trading day, the stock had gone up to Rs. 465.80 and had closed at Rs. 456.
On the listing day, we also saw a profit booking as the stock was falling after listing and made a low of Rs. 391. It shows that the stock is bullish in the short term and you can see Swiggy’s share price target of Rs. 480 to Rs. 500 in 2024.
Swiggy Share Price Target 2025 and 2026
As per recent reports, Swiggy generates nearly 50% of its revenue from its food delivery business on the other side Zomator generates 70%. It’s clear in the food delivery business Zomato is a clear winner and leader.
Zomato Ltd started making a profit 6 quarters ago, from the quarter, Zomato is making a profit and its profit is also growing in most of the quarters. As per Swiggy Ltd’s annual profit and loss, it looks like the company’s net loss is reducing almost every year. Soon the company can be profitable.
As per experts, the online food delivery business is likely to grow at an 18% CAGR. The market size of the online food delivery company is also likely to reach Rs. 9 trillion by 2030 from approx Rs. 4.5 trillion. However, the expected growth can be revised with time and new market conditions. But one can expect massive returns from the industry in 5 to 6 years.
Investing in the online food delivery sector can be beneficial if the sector grows at the expected rate. Most probably, in the upcoming months, we may see massive profit booking in the stock. So, If you decide to invest in the stock, invest in part or SIP. By 2025 and 2026, you can see Swiggy’s share price target of Rs. 700 to Rs. 800.
FAQs
As per current conditions and technical analysis, it looks like the stock may continue going up for a few days to weeks. As we have already seen a high buying pressure in the stock. By 2024, the Swiggy share price can be seen trading near Rs. 480 to Rs. 500.
In case, if the stock breaks its day low or all-time low, we may also see a major crash in the stock. The whole India stock market is crashing and currently, it is trading more than 10% below its all-time high.
The primary business of the Swiggy Ltd company is food delivery. It generates approx 50% of its revenue from its food delivery business as per recent news. Except for the food delivery business, the company also engaged in the business of the Swiggy Instamart for grocery and household items, Swiggy Dineout for booking seats and foods in available restaurants, Swiggy Genie for on-demand product pick-up/drop-off services, Swiggy minus to open own online store, and more.
On the listing day, the Swiggy stock was listed at a good premium and also faced a huge buying demand. But in a recently listed IPO or stock these things are very normal and for a limited time.
As Swiggy Ltd company is a loss-making company, probably in the upcoming months we may see the stock falling.
As per the business model, it is one of the best companies for investing in online food delivery. But as the financials are not strong, it may bring the stock down. The online food delivery market size can be doubled in the next 6 years i.e. by 2023 as per reports.
So, it is a good company but you should wait for a few months to invest in the stock at the right valuation to get good returns.
Final Words
Swiggy Ltd is one of the major players in the online food delivery business. The company is engaged in various related businesses and generates approx 50% revenue from the food delivery business and the rest revenue from other businesses. The online food delivery market size is likely to double by 2030. It may lead the Swiggy stock to give multi-bagger returns.