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Matrimony.com Ltd share Price Today

Company details

624.00
632.25
499.25
722.60
6M Return 16.53%
1Y Return -2.37%
Mkt Cap.(Cr) 1,396.59
Volume 5,926
Div Yield 0.80%
OI
-
OI Chg %
-
Volume 5,926

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About The Stock

    Matrimony.com (Matrimony) is one of the leading providers of online matchmaking services. The company also provides post marriage services.

    • Apart from a common website, the company operates ~300 community matrimony sites and 15 regional matrimony sites
    • Net debt free and only profitable player among its peers
Q4FY23 Results:

    Matrimony reported revenue recovery in Q4FY23.

    • Matchmaking services revenue grew 2.3% YoY; paid subscribers grew 11.8% YoY while ATV declined 6.9% YoY
    • Matchmaking EBITDA margins declined 160 bps YoY while they were up 330 bps QoQ
    • Marketing expenses were up 0.8% QoQ, 7.8% YoY

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Internet Software & Services company Matrimony.com announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

Consolidated:

  • Billing at Rs 121.2 crore (growth of 4.3% QoQ and 0.2% YoY)
  • Revenue at Rs 119.2 crore (growth of 1.7% QoQ and 4.1% YoY)
  • Profit After Tax (PAT) at Rs 11.7 crore (growth of 5.6% QoQ and 2.9% YoY)

Matchmaking:

  • Billing at Rs 119.2 crore (growth of 4.5% QoQ and 1.4% YoY)
  • Revenue at Rs 117.7 crore (growth of 2.4% QoQ and 5.5% YoY)
  • Added 2.7 lakhs paid subscriptions during the quarter (growth of 2.1% QoQ and 2.9% YoY)

FY24 Financial Highlights:

Consolidated:

  • Billing at Rs 479 crore (growth of 4.6%)
  • Revenue at Rs 481.4 crore (growth of 5.6%)
  • Profit After Tax (PAT) at Rs 49.6 crore (growth of 6.2%)

Matchmaking:

  • Billing at Rs 470.3 crore (growth of 5.2%)
  • Revenue at Rs 472.4 crore (growth of 5.9%)
  • Added 10.74 lakhs paid subscriptions during the year (growth of 8%)

Murugavel Janakiraman, Chairman and Managing Director said, “We are happy to see the paid subscriptions crossing a significant milestone of over 1 million. This is an outcome of our focused initiatives on segmentation and customer centric measures in enhancing the product. We expect to continue this momentum in FY25”.

Result PDF

View Other Company Results

Matrimony.com Ltd shares SWOT Analysis

Strengths (4)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with No Debt

Weakness (1)

  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (2)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • RSI indicating price strength

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 637.5
R2 643.7
R3 652.7
Pivot

628.47

S1 622.2
S2 613.2
S3 607.0
EMA SMA
593.6
571.6
562.1
566.7
582.7
568.9
548.5
561.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
CARNELIAN ASSET ADVISORS PRIVATE LIMITED Bulk Purchase 2023-05-22 560 135495 NSE
HILL FORT INDIA FUND LP Bulk Purchase 2021-07-26 1110.67 236373 NSE
HILL FORT INDIA FUND LP Bulk Purchase 2021-07-26 1110.31 203627 BSE
Name Category Shares
J MURUGAVEL PROMOTER 51.58%

OUR RESEARCH VIEW

Investment recommendation
Call Date
10 May 2023
Entry Price 580.00
Target Price 640.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Matrimony.com Ltd Stocks COMPARISON

Financials( in Cr) Matrimony.com Ltd Central Depository Services (India) Ltd TBO Tek Ltd Indegene Ltd Godrej Agrovet Ltd
Price 627.40 2,066.20 1,588.70 580.05 609.50
% Change -0.61 -0.34 -1.15 -0.33 0.51
Mcap Cr 1,396.59 21,591.79 17,251.38 13,878.80 11,715.26
Revenue TTM Cr 455.77 555.09 1,064.59 2,306.13 9,373.68
Net Profit TTM Cr 46.67 275.96 148.49 266.10 295.36
PE TTM 28.24 51.69 83.90 41.45 32.41
1 Year Return -2.37 99.19 12.97 1.60 33.79
ROCE 15.96 31.39 51.92 29.51 10.56
ROE 14.96 23.93 51.90 29.12 10.47
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 253.00 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,550.52 645.34
LAST 3M 103,712.87 -29,605.88
LAST 6M 176,931.00 -14,371.69
LAST 12M 290,309.13 100,312.35

Matrimony.com Ltd Information

Stock PE (TTM)
28.24
Promoter Holding
51.59%
Book Value
130.9498
ROCE
15.96%
ROE
14.96%
Description
  • Matrimony.com Limited is India`s leading consumer Internet Company. It is a signature consumer internet conglomerate, managing marquee brands such asBharatMatrimony, CommunityMatrimony and EliteMatrimony. BharatMatrimony is considered the largest and most trusted matrimony brand which has also established a considerable retail presence with over 135 self-owned retail outlets across India. The company delivers matchmaking and marriage related services to users in India and the Indian diaspora through its websites, mobile sites and mobile apps complemented by on-the-ground network in India. The Company has pioneered several new business models such as MatrimonyPhotography, MatrimonyBazaar, MatrimonyMandaps, and CommunityMatrimony, a consortium of over 300 community matrimony websites. As one of the first companies to provide online matchmaking services in India, it believes that it has an early mover advantage among consumers seeking online matchmaking services. As on 30 September 2018, the company had a large database of profiles comprising 3.57 million active profiles. Matrimony.com Limited was incorporated as a private limited company with the name `Matrimony Services.com Private Limited` on July 13, 2001 at Chennai, Tamil Nadu. In 2002, the company launched Mega Swayamvaram`, the then largest matrimony meet in the world. The name of the company was changed to `Bharatmatrimony.com Private Limited` on December 15, 2003 to reflect the main brand of the Company. In 2006, the company received funding from Canaan VII Mauritius, Overture Services Europe BV, Draper Investment Company LLC and Hartenbaum Revocable Trust U/A/D 02/03/06. The name of the Company was further changed to `Consim Info Private Limited` on September 27, 2007 to expand and diversify the business of the Company to include other consumer services over the internet and mobile. In 2008, the company received funding from Mayfield XII, Mauritius, Canaan VII Mauritius, Overture Services Europe BV, Draper Investment Company LLC and Hartenbaum Revocable Trust U/A/D 02/03/06. During the year under review, the company launched EliteMatrimony.com, an exclusive match making services for premium customers. In 2009, the company launched CommunityMatrimony.com, a consortium of various matrimony portals comprising community matrimony sites catering to the needs of various communities based on religion, caste and other exclusive categories. In 2010, the company launched AssistedMatrimony.com which provides personalized matchmaking services through relationship managers to subscribed users. In 2011, the company received third round of funding from Canaan VII Mauritius and Mayfield XII, Mauritius. During the year under review, Yahoo! Netherlands BV (formerly Overture Services Europe BV) sold its investment in the company to Bessemer India Capital Holdings II Ltd., Mayfield XII, Mauritius and Canaan VII Mauritius. In 2012, the company featured in Guinness Book of Records for largest photo album. The name of the company was changed to `Matrimony.com Private Limited` on August 17, 2012 to align the name of the Company to the business carried out by the Company. In 2013, the company carried out demerger of its property advisory and marketing business. The company was converted into a public company the name of the Company was changed to Matrimony.com Limited on January 2, 2015. In 2016, the company launched MatrimonyBazaar.com to help customers in availing wedding-related services. In 2017, the company launched MatrimonyMandaps.com, a wedding venue discovery platform, to help customers find the right venue for their wedding in Chennai, Coimbatore, Madurai and Trichy in Tamil Nadu, Hyderabad and Secundrabad in Telangana, Bangalore in Karnataka and Kochi in Kerala. The company came out with an initial public offer (IPO) during the period from 11 to 13 September 2017. The IPO was a combination of fresh issue of Rs 130 crore and offer for sale of upto 37.67 lakh shares from the selling shareholders. The stock debuted at Rs 985 on BSE on 21 September 2017, matching the IPO price of Rs 985 per share. On 19 December 2017, Matrimony.com Limited informed the stock exchanges that the company has received payment from Mr Murugavel Janakiraman Promoter & Managing Director of the Company on 18th December 2017, a year before it is due, a sum of Rs 12.81 crore towards voluntary contribution of USD 2 million as per the terms of the agreement dated December 21, 2015 inter se between defendants of the litigation in USA as amended from time to time. The Board of Directors of Matrimony.com Limited at its meeting held on 1 February 2018 approved the closure of dormant subsidiaries viz., Community Matrimony Private Ltd, MatchifyServices Private Ltd and TambulyaOnline Marketplace Private Ltd. The Board of Directors of Matrimony.com Limited at its meeting held on 1 March 2018 approved the acquisition of secondshaadi.com, with effect from 1 March 2018 as an ongoing concern from Accentium Web Private Limited.

Registered Address

94 TVH Beliciaa Towers 10thFlr, Tower-II MRC Nagar Mandaveli, Chennai, Tamil Nadu, 600028

Tel : 91-44-24631500
Email : compliance:matrimony.com
Website : http://www.matrimony.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 540704
NSE Code : MATRIMONY
Book Closure Date (Month) :
BSE Group : B
ISIN : INE866R01028

FAQ’s on Matrimony.com Ltd Shares

You can buy Matrimony.com Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Matrimony.com Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 19, 2024 09:59 AM the closing price of Matrimony.com Ltd was Rs.627.40.

The latest PE ratio of Matrimony.com Ltd as of Jun 19, 2024 09:59 AM is 28.24

The latest PB ratio of Matrimony.com Ltd as of Jun 19, 2024 09:59 AM is 0.21

The 52-week high of Matrimony.com Ltd share price is Rs. 722.60 while the 52-week low is Rs. 499.25

According to analyst recommendations, Matrimony.com Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 19, 2024 09:59 AM, the market cap of Matrimony.com Ltd stood at Rs. 1,396.59.

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