Whalesbook
So, Zomato ne apne top logon ko khush karne ka plan banaya hai. Unhone 7.4 Million se zyada stock options diye hain, jo ₹172 Crore ke aas paas hain. Ye options employee ESOP plans ke tehat mile hain aur sirf ₹1 ke nominal price par equity mein convert ho sakte hain. Ab stock ka price ₹231.99 chal raha hai, toh yeh ekdum solid deal hai employees ke liye. Isse company chahti hai ki sab milkar long-term growth par focus karein.
Par yahan ek twist hai. Yeh sab tab ho raha hai jab company ka profit margin thoda tight chal raha hai. Q3 FY25-26 mein revenue ₹16,315 Crore ka tha, par net profit sirf ₹102 Crore aaya. Matlab, profit margin 0.62% ke aas paas hi hai. Ye numbers dekh kar investors thoda soch mein pad gaye hain ki itni badi revenue se itna kam profit kaise?
Ab sabse bada sawaal: kya existing investors ka hissa kam ho jayega? Jab yeh options 10 ya 12 saal baad exercise honge, aur stock price badhega, toh shares ki sankhya badh jayegi. Isse puraane investors ka ownership stake kam ho sakta hai. Toh company ke liye yeh balance banana zaroori hai ki employees ko bhi fayda mile aur investors ka paisa bhi safe rahe.
Apun log jaante hain ki Zomato aur Swiggy jaise platforms India mein kitni competition mein hain. Ab industry sirf growth nahi, balki sustainable profit par bhi focus kar rahi hai. Zomato ka market position toh acha hai, par uski valuation justify karne ke liye consistent profit dikhana bahut zaroori hai.
Aage kya hoga? Investors ab dekhenge ki Zomato apna profit margin kaise badhata hai aur competition ko kaise face karta hai. Ye stock option grant talent ko rokne mein kitna successful hota hai, yeh bhi dekha jayega. Company ko ek clear roadmap dikhana hoga jisse investors ka bharosa bana rahe.