Swiggy Share Price Target 2024, 2025, 2026, 2030, 2040, 2050

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Swiggy is an Indian company that was started in Banglore in 2014. It helps you order food online from nearby restaurants. Initially, it was available in very few cities, but now it provides its services in more than 500 cities in India.

What is Swiggy Ltd?

Swiggy is an Indian company that helps you order food online and delivers it to your home. They make it easy to enjoy restaurant food at home, especially when you don’t feel like going out. Swiggy has different options for customers. One of these is Swiggy Pop, which delivers single meals in about 30-35 minutes.

The Swiggy Pop menu includes Indian thalis, bowl meals, biryanis, burgers, and Asian dishes. The company started in 2014 and is now available in more than 580 cities in India.

Swiggy has reached the maximum number of cities. It generally targets big and small cities because rural areas are less profitable than metropolitan cities. Besides the online delivery items, they deliver groceries, household items, book seats in restaurants and more.

Company Financials

The company has been losing money since it started because its cash flow from operations is negative. Recently, its losses have gone down compared to past years. The money it makes from operations has been going up each year.

Fiscal YearNet Losess (Cr)Operation Revenue(Cr)
FY223628.895704.89
FY234179.308264.59
Current Year2350.2411247.39
Financial Metrics31 Mar 2024
Total Assets10,529.42
Revenue11,634
Total Expenses13,947
Total comprehensive loss2,255
Total Cash and cash equivalents869.10
Total liabilities1,052

Swiggy Share Price Target Tomorrow

As it is an online platform it reaches most people and has grown very quickly. It has now spread to over 100 cities in India. It helps people order food from local restaurants and have it delivered to their homes. It’s easy to use, showing a list of nearby restaurants and menus so customers have many options.

DayMinimum PriceMaximum Price
Tomorrow-15+20

Swiggy Share Price Target 2024

By 2024, its share price would be between ₹340 to ₹640 as per our expert’s advice.

YearMinimum Price (Rs)Maximum Price (Rs)
2024340640
MonthMinimum Price (Rs)Maximum Price (Rs)
November340450
December371640

Swiggy Share Price Target 2025

The company is planning to use the money from its IPO to invest in its main subsidiary, Scootsy, and improve its technology and cloud systems to promote its brand and business. These plans will happen over time. In 2025 its share price target would ₹680 by our deep research and analysis.

Its share price would be between ₹390 to ₹725 in 2025 according to our experts.

YearMinimum Price (Rs)Maximum Price (Rs)
2025390725
MonthMinimum Price (Rs)Maximum Price (Rs)
January430620
February410633
March390630
April400641
May434654
June446665
July440672
August457680
September463690
October475713
November482710
December494725

Share Price Target 2030

The company wants to strengthen its position in the market. It has grown from a food delivery service to a major player in quick grocery delivery with its Instamart service. With the IPO it plans to raise money to expand its operations, especially in quick grocery delivery. While it faces competition from Zepto. Swiggy’s size and established presence give it a strong advantage. The IPO will be a key step for the company as it aims to grow and maintain its leadership in food and grocery delivery. So by 2030, its share price target would be ₹1125 as per our prediction.

In 2030, its share price would be between ₹928 to ₹1125 as per our analysis.

YearMinimum Price (Rs)Maximum Price (Rs)
20309281225
MonthMinimum Price (Rs)Maximum Price (Rs)
January928944
February937961
March946970
April955987
May970980
June9631006
July9801021
August9961053
September10341043
October10301056
November10481073
December10861125

Share Price Target 2040

BlackRock and the Canada Pension Plan Investment Board are expected to be among the main investors in Swiggy’s. This makes Swiggy’s one of the largest public offerings this year. Also, the grey market premium (GMP) of its share was 6.41% higher than the highest official price, according to sources monitoring the grey market. by 2040, its share price target would be ₹2831 as per the expert’s recommendation.

By 2040, its share price target would be between ₹2544 to ₹2831.

YearMinimum Price (Rs)Maximum Price (Rs)
204025442831
MonthMinimum Price (Rs)Maximum Price (Rs)
January25442560
February25532574
March25602587
April25762591
May25872613
June25972631
July26212648
August26402667
September26572676
October26902725
November27132767
December27562831

Share Price Target 2050

According to the source, the company will go to use the money from the new shares to invest in its important subsidiary, Scootsy, and pay off some debts. The funds will also help expand its network for quick deliveries by opening new stores and covering lease costs. Also, it plans to spend money on technology, marketing, and promoting its brand to increase awareness. The company also wants to grow by buying other businesses. So overall the company is working hard to expand its business and by the year 2050, we can expect its share price target of ₹5570.

By 2050, its share price target would be between ₹4956 to ₹5570 as per our research and analysis.

YearMinimum Price (Rs)Maximum Price (Rs)
205049565570
MonthMinimum Price (Rs)Maximum Price (Rs)
January49565048
February49765087
March50325114
April51005135
May51305197
June51575231
July52115256
August52375273
September52705321
October53075364
November53805425
December54215570

Price forecast

YearMinimum Price (Rs)Maximum Price (Rs)
2024340640
2025390725
20309281225
204025442831
205049565570

Comparison between Swiggy and Zomato

CompanyEPSPE RatioRoNW %NAVIncome
Zomato Ltd0.41742.501.7223.1412,114 Cr.

For delivering food two company always is in the top. Swiggy is still competing closely with Zomato in food delivery but is falling behind in grocery delivery. Zomato made a net profit of ₹351 crore in FY24 and continued to be profitable in the first quarter of FY25. Zomato’s total revenue grew by 71% in FY24, reaching ₹12,114 crore. This included ₹6,161 crore from food delivery and ₹2,301 crore from its grocery service, Blinkit. Swiggy’s grocery service, Instamart, hasn’t caught up to Zomato’s size in this area yet.

AspectSwiggyZomato
Food Delivery CompetitionCompeting closelyCompeting closely
Grocery DeliveryFalling behindLeading
Net Profit (FY24)Not specified₹351 crore
Profitability (Q1 FY25)Not specifiedProfitable
Total Revenue (FY24)Not specified₹12,114 crore
Revenue from Food DeliveryNot specified₹6,161 crore
Revenue from Grocery (Blinkit)Not specified₹2,301 crore
Grocery Service (Swiggy)InstamartBlinkit
Scale in Grocery DeliveryBehind ZomatoLeading

Peer comparison

S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %
1.Zomato Ltd259.60309.12229391.410.00176.00388.894799.0068.501.14
2.Info Edg.(India)7830.00209.81101464.350.2884.74-91.06700.8211.983.65
3.Swiggy87298.60-611.01-6.133222.2234.83-24.39
4.One 97802.9551126.410.00930.00-42.261659.50-34.11-8.50

Objects of the Issue (Swiggy Objectives)

The company wants to raise money by selling new shares worth up to ₹3,750 crore and also selling up to 185,286,265 existing shares. They plan to use the money to invest in Scootsy, to pay off its debts, and to grow their business. They’ll also improve their technology to increase their marketing and other business needs. Several well-known invest

ors involved in the sale include Baron Emerging Markets Fund, Coatue PE Asia, DST Asia VI, Elevation Capital, Goldman Sachs, Harmony Partners, Norwest Venture Partners, Accel, Alpha Wave Ventures, Apoletto Asia, Ark India Food-Tech Trust, Tencent Cloud Europe, and West Street Global Growth Partners.

Should I Buy Swiggy Stock?

As per its financial report the company is continuously seen to become a profitable company. Every year it reduces its debt and generates an increased profit amount compared to the previous years. Also, they had many pending plans which would be profitable over time. They spend a good amount of money on research to be a good competitor in this field.

Mar. 2022Mar. 2023Mar. 2024
Sales +5,7058,26511,247
Expenses +9,35512,53813,447
Operating Profit-3,650-4,273-2,199
OPM %-64%-52%-20%
Other Income +239438341
Interest485871
Depreciation170286421
Profit before tax-3,629-4,179-2,350
Tax %0%0%0%
Net Profit +-3,629-4,179-2,350
EPS in Rs
Dividend Payout %0%0%0%

Swiggy Ltd Earning Results

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets10,341.2410,529.4211,280.6514,405.74
Revenue3,310.1111,634.358,714.456,119.78
Profit After Tax-611.01-2,350.24-4,179.31-3,628.9
Total Borrowing256.61211.19—— ——-
Reserves and Surplus-7,750.85-7,880.85-6,510.34-3,311.1
Net Worth7,444.997,791.469,056.6112,266.91

Is Swiggy Stock Good to Buy? (Bull case & Bear case)

Bull Case:

  • It is one of the top food delivery services in India, it always attracts customers by providing good service and offering a lot of discounts.
  • The company is working on growing its quick delivery service and opening more Cloud Stores, which could lead to more sales.
  • It spending on technology to improve service and efficiency, supporting future growth.
  • With offerings like grocery delivery through Instamart, Swiggy can earn money from different sources.
  • Big investors like BlackRock and CPPIB show confidence in Swiggy’s future.

Sarveshwar Foods Share Price Target 2024, 2025, 2030, 2040, 2050

Bear Case:

  • It has debt which will become problematic if not paid on time.
  • If the stock price is too high compared to what the company earns, it could be seen as overvalued.
  • The company faces tough competition from companies like Zomato and Blinkit.

Swiggy Promoter Holding

Sriharsha Majety, the CEO and founder, owns 6.23% of the company, and co-founder Lakshmi Nandan Reddy Obul owns 1.62%. As of the filing date, 5,232 people own regular shares and 1,187 own special shares called Compulsorily Convertible Preference Shares (CCPS).

In the DRHP pdf corporate selling shareholders have been mentioned: Elevation Capital V, Inspired Elite Investments, Tencent Cloud Europe B.V., MIH India Food Holdings, Accel India IV (Mauritius), Apoletto Asia, Alpha Wave Ventures, LP, Coatue PE Asia XI LLC, DST EuroAsia V B.V. Some individual shareholders are there including Rahul Jaimini, Lakshmi Nandan Reddy Obul, and P.R. Venketrama Raja.

Conclusion

In this article, we discuss the company’s work, financial results, and much more. We have done deep research, and based on our predictions, we give you the company’s share price prediction for the upcoming year. The company is planning to expand its business and also try to reduce some of its debt. So, before deciding on investment in its shares, please read the full article.

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