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Matrimony.com Ltd share Price Today

Company details

601.75
611.60
499.25
722.60
6M Return 5.55%
1Y Return -2.72%
Mkt Cap.(Cr) 1,348.73
Volume 7,885
Div Yield 0.83%
OI
-
OI Chg %
-
Volume 7,885

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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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Research view on more stocks

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 (3)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with No Debt
  • Company with Zero Promoter Pledge

Weakness (2)

  • MFs decreased their shareholding last quarter
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (0)

Data not found

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 611.1
R2 616.3
R3 620.9
Pivot

606.42

S1 601.2
S2 596.6
S3 591.4
EMA SMA
615.6
599.0
581.8
576.8
622.5
591.3
565.6
562.4
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 Godrej Agrovet Ltd Indegene Ltd Thomas Cook (India) Ltd
Price 605.90 2,383.05 855.85 573.45 251.10
% Change -2.32 3.74 6.97 0.61 -0.04
Mcap Cr 1,348.73 24,902.87 16,450.38 13,720.88 11,811.27
Revenue TTM Cr 455.77 555.09 9,560.55 2,306.13 5,047.67
Net Profit TTM Cr 46.67 275.96 359.45 266.10 10.37
PE TTM 27.22 59.41 45.35 40.95 45.66
1 Year Return -2.72 97.39 85.03 0.45 232.14
ROCE 15.96 31.39 14.91 29.51 3.69
ROE 14.96 23.93 14.81 29.12 0.57
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 253.00 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,424.68 50,451.86
LAST 3M 100,072.29 51,097.20
LAST 6M 183,053.48 43,859.44
LAST 12M 309,832.68 84,987.81
Matrimony.Com Limited - Record Date

Jul 16, 2024 l NSE Announcement

Matrimony.Com Limited - Record Date

Jul 15, 2024 l NSE Announcement

Matrimony.Com Limited - Shareholders meeting

Jul 12, 2024 l NSE Announcement

Date Action Type Ratio
Aug 02, 2024 Dividend 100
Aug 03, 2023 Dividend 100
Aug 04, 2022 Dividend 100

Matrimony.com Ltd Information

Stock PE (TTM)
27.22
Promoter Holding
51.59%
Book Value
130.9498
ROCE
15.96%
ROE
14.96%
Description
  • Matrimony.com Limited was incorporated as "Matrimony Services.com Private Limited", a Private Limited Company on July 13, 2001 at Chennai, Tamil Nadu. The name of Company was changed to "Bharatmatrimony.com Private Limited" and a fresh Certificate of Incorporation was issued by the RoC on December 15, 2003. The name further changed to "Consim Info Private Limited" to expand and diversify the business of the Company to include other consumer services over the internet and mobile on September 27, 2007. Subsequently, the name of Company was changed to "Matrimony.com Private Limited" by the RoC on August 17, 2012. Subsequently, upon conversion to a Public Company, the Company changed the name to Matrimony.com Limited and a fresh Certificate of Incorporation was issued by the RoC on January 2, 2015. Matrimony.com Limited is India`s leading consumer Internet Company. The Company delivers matchmaking services to users in India and the Indian diaspora through websites, mobile sites and mobile apps complemented by a wide on-the-ground network in India. Such services are primarily delivered online through popular domain specific web portals like BharatMatrimony.com, CommunityMatrimony. com, AssistedMatrimony.com, EliteMatrimony.com and Jodii.com. The Company has expanded into marriage services such as Mandap & Wedding Bazaar, a listing website for matrimony-related directory services including listings for wedding related services such as wedding planners, venues, cards and caterers. 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. In 2013, the company carried out demerger of its property advisory and marketing business. 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. In September 2017, the Company came up with a Public Issue of 5,101,808 Equity Shares by raising money from public aggregating Rs 49.75 Crores, consisting a Fresh Issue of 1,334,554 Equity Shares amounting Rs 13 Crore and an Offer for Sale of 3,767,254 Equity Shares amounting to Rs 36.75 Crore. In 2018, the Company acquired secondshaadi.com, with effect from 1 March 2018 as an ongoing concern from Accentium Web Private Limited. In February 2020, the Company acquired a 26.1% stake in Astro-Vision, the promoter of clickAstro.com. Accordingly, Astrovision became an Associate of the Company. The Company launched various new services like RajasthaniMatrimony.com, BihariMatrimony.com and BhojpuriMatrimony.com as exclusive matrimony services for the respective communities and also specialized platforms like DoctorsMatrimony.com, and IIMIITMatrimony.com in 2021. In September 2021, the Company acquired a 100% stake in Boatman Tech Private Limited, promoters of ShaadiSaga.com, a leading player in the wedding services industry and ShaadiSaga, became a wholly owned subsidiary of the Company. Post integration of the acquired company ShaadiSaga, it launched the integrated WeddingBazaar 2.0 platform, which has enabled to provide wedding services to customers in 2023.

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 Jul 16, 2024 03:55 PM the closing price of Matrimony.com Ltd was Rs.605.90.

The latest PE ratio of Matrimony.com Ltd as of Jul 16, 2024 03:55 PM is 27.22

The latest PB ratio of Matrimony.com Ltd as of Jul 16, 2024 03:55 PM is 0.22

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 Jul 16, 2024 03:55 PM, the market cap of Matrimony.com Ltd stood at Rs. 1,348.73 Cr.

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