Swiggy is an Indian-origin startup that was launched in 2014 in Bengaluru. It allows customers to place a food order online from partnered restaurants across the city. From a few cities, it now has a presence in more than 650 cities across India. As Swiggy broadens its market and develops food leasing submissions, investors raise the spirit to know Swiggy’s share price target, thus looking at the firm’s developmental plans and prospects.
Explore Swiggy Share Price Target from 2025 to 2050, accompanied by a comprehensive analysis of its financials, future plans, competitors, risks, and growth prospects.
India’s Swiggy is a delightful food-ordering service. It allows you to place orders and sit at home waiting for your restaurant order to be delivered. The application has many customer options, including Swiggy Pop and instamart, which aims to provide single-serve meals in 20-25 minutes.
Swiggy Pop launched with Indian thalis, rice bowls, biryanis, burgers, Asian dishes, and other fast food options. It was founded in 2014 and currently has a presence in over 650 urban areas in India. It primarily markets itself in urban and rural since they are believed to be more profitable than metros. Apart from food delivery, Swiggy also delivers groceries, home goods, and essentials and takes restaurant table bookings.
Fundamental Data Table
Indicator
Mar 2024 (₹ Cr.)
Mar 2023 (₹ Cr.)
Total Assets
₹10,529
₹11,280
Total Shareholders’ Funds
₹10,529
₹11,280
Fixed Assets
₹2,222
₹1,505
Total Current Assets
₹6,272
₹6,541
Book Value Per Share
₹1.00
₹1.00
ROE (%)
-20%
-52%
ROCE (%)
-24.4%
-37%
EBDIT Margin (%)
-15%
-23%
Net Profit
₹-626
₹-611
Cash from Operating Activity
₹1,312
₹-4,059
Company Financials
The Company has been incurring losses since its inception. As the financial statement above shows, it has historically utilized negative cash flows from operations to finance the business in the last few years. However, these negative cash flows have been lowering the losses and generating higher revenues.
The Swiggy app lets clients order food from their favorite restaurants and deliver it right to their doorstep, all within a few sections. Swiggy pop service was expanded across India, making it available to over 200 cities. The application lets users explore varied facilities, search for restaurants nearby, and view the menu. Overall, the app is a simple yet effective solution for day-to-day requirements; for the vast majority, it is the only app required.
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The current share price of Swiggy is catching the attention of investors as analysts believe the company has a good potential for growth in 2025. The recent estimation indicates that the stock can go as high as ₹625, supported by the company’s strategy of growing its market position and focusing on competing technologies. Still, price analysts expect a range between ₹370 and ₹625 in potential trading. Swiggy’s active business model reply, alongside their growing brand, has kept the stock under the watch of investors aiming for long-term growth.
Year
Minimum Target (₹))
Maximum Target (₹)
Remarks
2025
370
625
Growth due to strong post-IPO investments.
Month
Minimum Target (₹)
Maximum Target (₹)
Remarks
January
370
520
Early momentum from IPO funds.
February
370
533
Continued price increase.
March
390
530
Gradual growth as business expands.
April
400
541
Momentum from strategic investments.
May
434
554
Positive outlook as market stabilizes.
June
446
565
Solid growth trajectory.
July
440
572
Consistent growth through new services.
August
457
580
Strong performance during summer months.
September
463
590
Continued upward trend.
October
475
613
High potential for growth.
November
482
610
Positive outlook with consistent gains.
December
494
625
Year-end growth from strategic investments.
Swiggy Share Price Target 2026
Instamart is looking to mark the Firm as a fast grocery and home essential delivery company based on its solid performance in food logistics and a portion of the market it already holds. The Company intends to scale up and challenge established players such as Zepto. Using its established infrastructure, the Firm looks to consolidate the food and domestic goods logistics and branch out to new geographical areas. Analysts estimate the price of the Company’s shares to rise as much as ₹840 by 2026. Nonetheless, the market analysts foresee a wider bracket of around ₹580 to ₹840 during this timeframe, which creates more opportunities for the investors as the Company has continued establishing itself within the quick ecommerce market.
Year
Minimum Target (₹)
Maximum Target (₹)
2026
580
840
Month
Minimum Target (₹)
Maximum Target (₹)
January
580
700
February
585
710
March
590
720
April
600
735
May
610
750
June
620
765
July
630
780
August
640
795
September
645
805
October
655
820
November
665
830
December
675
840
Swiggy Share Price Target 2028
Swiggy’s growth trajectory in the food delivery and grocery sector seems quite promising, with BlackRock and others also pledging their support. Owing to the rising demand and the already located market, Swiggy may surpass its expectations by 2028, peaking at around 1260 rupees per share. Swiggy has diversified its portfolio to instill user confidence; an approach analysts regard as bullish. Further, the expectation is that the company will show high growth in its volume with consistent performance rewards throughout.
Year
Minimum Target (₹)
Maximum Target (₹)
2028
920
1260
Month
Minimum Target (₹)
Maximum Target (₹)
January
920
1110
February
930
1125
March
940
1140
April
950
1155
May
960
1170
June
970
1185
July
980
1200
August
990
1215
September
1000
1225
October
1010
1240
November
1020
1250
December
1030
1260
Swiggy Share Price Target 2030
Swiggy intends to grow its branches, improve its rapid delivery mechanisms, and reduce debt, thus promoting its market position by 2030. Furthermore, growth will be aided by market penetration, which will stem from technology, marketing investment, and acquisitions. As analysts predict, Swiggy’s stock will be worth anywhere between 1460 and 2060, and the price gives a long-term investor great potential.
Year
Minimum Target (₹)
Maximum Target (₹)
2030
1460
2060
Month
Minimum Target (₹)
Maximum Target (₹)
January
1460
1820
February
1480
1850
March
5032
1870
April
1515
1900
May
1530
1920
June
1545
1940
July
1560
1960
August
1575
1980
September
1585
2000
October
1600
2020
November
1620
2040
December
1640
2060
Swiggy Share Price Target 2040
Swiggy anticipates using AI, drones, and autonomous logistics tools to make them a global leader in food delivery by 2040. The company aims to enhance customer satisfaction and drastically improve its operations. Furthermore, they intend to branch into the delivery of groceries, cloud kitchens, and premium subscription services, tightening connections with regional partners to penetrate tier-2 and tier-3 cities.
This geographical extension strategy and entry into new international markets like China will provide Swiggy with the required international growth. Increased seasonal and festive activity will also play a role in the target market’s revenue, which they wish to generate by cutting them and strengthening their position. Currently, stock price forecasts for Swiggy by 2040 are from ₹3,500 to ₹5,500, showcasing their stability in investments.
Year
Minimum Target (₹)
Maximum Target (₹)
2040
3500
5000
Month
Minimum Target (₹)
Maximum Target (₹)
January
3500
3700
February
3600
3800
March
3700
4000
April
3800
4200
May
3900
4300
June
4000
4400
July
4100
4500
August
4200
4600
September
4300
4700
October
4500
4900
November
4800
5000
December
5000
5500
Swiggy Share Price Target 2050
Swiggy will likely take over the global food delivery and quick commerce market by 2050. Through the use of technological advancements in AI, drones, and bright kitchens, the Swiggy will revolutionize the speed of delivery and the level of customer service while also gearing towards being more sustainable. Diversification into health-centric meals and subscription options and expansion into international markets will aid the company’s future growth. Collaborations with the major brands will further enhance its competitive advantage.
Experts predict the price of one Swiggy share will be between ₹8,000 to 12,000, which shows it has a lot of potential.
Year
Minimum Target (₹)
Maximum Target (₹)
2050
8000
12000
Month
Minimum Target (₹)
Maximum Target (₹)
January
8000
8200
February
8100
8300
March
8200
8500
April
8400
8800
May
8700
9100
June
9000
9500
July
9200
9700
August
9500
10000
September
10000
10500
October
10500
11000
November
11000
11500
December
11500
12000
SwiggyShare Price Forecast
Year
Minimum Target (₹)
Maximum Target (₹)
Remarks
2024
340
530
Steady growth and expansion.
2025
370
625
Service diversification.
2026
580
840
Tech-driven growth.
2028
920
1260
Market scaling and innovation.
2030
1460
2060
Global expansion and leadership.
2040
3500
5000
Industry dominance.
2050
8000
12000
Global leader and tech innovation.
Swiggy Ltd. Shareholding Pattern
Category
Percentage Holding
Promoters
0%
Foreign Institutional Investors (FIIs)
5.22%
Domestic Institutional Investors (DIIs)
8.12%
Mutual Funds
3.85%
Retail and Others
86.67%
Comparison between Swiggy and Zomato and Zepto
Metric
Value
EPS
0.41
PE Ratio
742.50
RoNW %
1.72%
NAV
₹23.14
Income
₹12,114 Cr.
Swiggy and Zomato are two competing food delivery apps prominent in India’s food delivery market, with Zomato’s grocery deliveries outshining Swiggy’s food deliveries, Zomato’s grocery division brought in a revenue of 2,314 crores, and Swiggy’s food delivery division brought in 6,161 crores. These revenues generated 12,114 crores for Zomato, enabling them to record growth.
In contrast, Blinkit made Zomato reach a net profit recording of ₹350 crores and achieve a profit in Q1 of FY24. Looking at Swiggy, their grocery division, Instant still struggles behind Zomat but still manages to create a sense of balance within the market.
Factor
Swiggy
Zomato
Zepto
Competition in Food Delivery
Competing closely
Competing closely
Not applicable
Grocery Delivery
Falling behind
Leading
Leading in Quick Grocery
Net Profit (FY24)
₹2,350 crore loss
₹351 crore profit
Not disclosed
Profitability (Q1 FY25)
Not specified
Profitable
Not disclosed
Total Revenue (FY24)
₹11,634 crore
₹12,961 crore
Not disclosed
Revenue from Food Delivery
₹7,191 crore
₹9,690 crore
Not applicable
Revenue from Grocery (Instamart and Blinkit)
₹3,382 crore
₹6,132 crore
Not disclosed
Grocery Service
Instamart
Blinkit
Zepto
Market Position in Grocery Delivery
Behind Zomato
Leading
Leading in Quick Grocery
Peer Comparisons
S.No.
Company Name
CMP (₹)
P/E Ratio
Market Cap (₹ Cr.)
Dividend Yield (%)
Net Profit (₹ Cr.)
Quarterly Profit Growth (%)
Quarterly Sales (₹ Cr.)
Quarterly Sales Growth (%)
ROCE (%)
1
Zomato Ltd
272.60
309.12
22,939.14
0.00
176.00
388.89
4,799.00
68.50
1.14
2
Info Edge (India) Ltd
8,620.05
209.81
1,01,464.35
0.28
84.74
-91.06
700.82
11.98
3.65
3
Swiggy
605.30
–
1,30,646.00
0.00
-2,350.00
–
3,601.45
30.33
-24.39
4
One 97 Communications Ltd
968.10
–
62,626.00
0.00
930.00
-42.26
1,659.50
-34.11
-8.50
The company has new plans to increase its capital and has targeted making over 3755 crores by selling over 185,286,275 existing shares. Scootsy will get the appropriate amount required so the debt owed by the company can be reduced, allowing more funds to be allocated for future growth. Some of its expenses would include new marketing campaigns, the purchase of new technologies, and various operational costs. Given the new investors signed up by the company, major Institutions and partners believe the company’s management is on its way to success.
Should I Buy Swiggy Stock?
The Company’s financials indicate that it will profit in the long run. It has reduced its debts and increased its profits every year. Several projects it has put on hold will start yielding profits soon. Additionally, the Company has been investing heavily in research and innovations, allowing it to remain competitive in the industry.
S.No.
March 2022
March 2023
March 2024
Sales (+)
5705
8265
11247
Expenses (+)
9355
12538
13447
Operating Profit
-3650
-4273
-2199
OPM (%)
-63.9%
-51.94%
-20.1%
Other Income (+)
238.99
437.94
340.98
Interest
49
59
72
Depreciation
171
287
420
Profit Before Tax
-3629
-4179
-2350
Tax (%)
.00%
0.0%
0.0%
Net Profit (+)
-3629
-4179
-2350
EPS in ₹
–
–
–
Dividend Payout (%)
0.0%
0.0%
0.0%
Swiggy Ltd Earning Results
Period Ended
30th Jun 2024
31st Mar 2024
31st Mar 2023
31st Mar 2022
Assets
10341.24
10529.42
11280.65
14405.74
Revenue
3310.11
11634.35
8714.45
6119.78
Profit After Tax
-612.02
-2350.24
-4179.31
-3628.9
Total Borrowing
258.71
212.19
–
–
Surplus Funds
7750.85
-7880.85
-6510.34
-3311.1
Net Worth
7444.99
7791.46
9056.61
12266.91
Is Swiggy Stock to Good Buy? (Bull vs. Bear Case)
The Company has tremendous potential, but specific challenges surround it; let’s look at its positive and negative aspects. Here’s the bull and bear case for it:
Bullish Case:
The Company is one of India’s most successful food carriers, winning many customers with its excellent service and regular price cuts.
The Company has a fast shipping offering that is worth building upon. They also have other cloud stores that can generate better sales.
The Company is spending money on technologies to provide better services, achieve higher efficiency, and prepare for the future.
The start of Instamart, which also focuses on delivering groceries, opens up other income sources as well.
The presence of large investors such as CPPIB and BlackRock gives clear indications regarding the potential in the future.
Bearish Case:
The Company has outstanding loans, which can become a problem in the long run if they are not monitored well.
If the stock’s price rises significantly in comparison to the earnings gained from the businesses, then the stock will be viewed as overvalued.
Blinkit, Zomato and Zepto are strong competitors at war with the Company, which may cast a dark cloud over its market share.
Conclusion
Swiggy’s market is unique in that there are no signs of it slowing down any time soon; now, this is a money-making opportunity. Analysts are predicting that by 2025, Swiggy’s growth will see it between the value between ₹370 to ₹625, and the surge doesn’t stop there as 2030 could see the price amass to ₹1,460 to ₹2,060.
Further projections for 2040 see Swiggy reaching about a range of ₹3,500 and ₹5,500, and if one were to consider the estimate given by our economists, in 2050, Swiggy’s share price could be between ₹8,000 to ₹12,000. Swiggy quickly cemented its position as a food delivery and quick commerce service. The bottom line is that the numbers imply it will grow and become even more profitable. It is safe to say that Swiggy is a very potent long-term investment.
FAQs
Swiggy’s share price is ₹612.30 on BSE (as of December 16, 2024).
The target price for Swiggy is ₹640, indicating a 20% upside potential.
Risks include competition from Zomato, Swiggy’s profitability path, and market volatility.
By 2030, Swiggy’s share price is expected to range between INR 1460 and INR 2,000, with a potential high of INR 2,060
In the long term, by 2040, Swiggy’s share price could reach INR 3,500 to INR 4,900, with a potential high of INR 5,000
While projections for 2050 are speculative, some analysts suggest that Swiggy’s share price could continue its upward trend, potentially reaching INR 10,000 or higher.
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