Zomato’s market cap is near 3 lakh crore and it makes 25-30 crore per quarter. Even assuming it makes 300 crores per annum which is on high side. The stock would be trading at a staggering PE of 1000 rs. https://x.com/TheClubJunto/status/1947329639308824812
The above tweet nicely explains how companies need to make 5000 crores to maintain a PE of 50 which is still very high.
25 to 5000 crores will take a long time …its fair to assume
SO, the question remains, WHat are the investors or MFs who are investing smoking?
Blinkit is not some normal business it’s building power. Like how Amazon did years ago. It’s about owning delivery, habits, and daily life. That kind of stuff makes big money later.