Swiggy Share Price Target From 2024 to 2030: Swiggy is one of the more prominent online food delivery brands in India. Over the years, growth of Swiggy has been phenomenal and continues to expand across India. Recently, it issued its Initial Public Offering (IPO) and has led to many curiosity queries among investors and market followers regarding the potential of the company’s stock in the market. The article provides an all-round analysis with regard to Swiggy share price target between 2024 and 2030, including primary financial details, market trends, and growth expectations.
Overview of Swiggy Share Price
Swiggy was founded by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini in the year 2014 with an idea to change the food delivery market. Since then, the company has grown manifolds in numbers with increased customer base and service offerings. Swiggy would be one of the main players in this market due to its spacious infrastructure customer-centric approach and innovation. The company entered the stock market in November 2024 by filing its IPO, through which much attention has been revived towards the stocks. Given below are details of the key IPO, share price, and financial metrics that would enable an analysis by us.
Swiggy Share Price IPO Detail
Swiggy IPO Listing Details:
- Issue Price: ₹390
- Listing Price: ₹420
- Listing Gains: ₹30 (7.69%)
- Issue Size: ₹11,327.43 Crore
- Bidding Dates: 6th Nov 2024 – 8th Nov 2024
- Lot Size: 38 shares
- Price Range: ₹371 – ₹390
- Lowest price of offer: ₹14,098
Swiggy’s shares traded at the bourses open at a locked in price of ₹420 against an issue price of ₹390. This would, therefore be a good opening to the IPO and confidence among investors about company’s future prospects. The listing gains are an indication of an excellent enthusiasm in the market for the stock, but there are challenges in the competitive food delivery space.
Key Financial Metrics and Performance
- Market Capitalization: ₹1,337.8 Crore
- Price to Book Ratio: -0.2 (Negative)
- Revenue Growth (Qtr YOY%): 34.8%
- Net Profit Growth (Qtr YOY%): -8.3%
- Operating Profit Margin (Qtr): -16.9% Negative
- Plotroski Score: 1 Weak financial health
- ROA Annual: -22.3% Negative
Swiggy has a sharp revenue growth of 34.8% YOY but still has some ways to achieve positive profitability margins as well as return on assets. The plotroski score of the company stands at 1, indicating a weak financial health. This may be a drawback for investors wanting security. Still, the surge in revenue is showing that Swiggy is capturing market share and hence may, in the near future reflect better financials when scaled.
Swiggy Share Price Target from 2024 to 2030
Swiggy’s journey in the stock market has just started and there are risks involved while investing in a company that is running at a loss. However, the pent up demand in the market for their services gives an optimistic future growth for Swiggy. Here are the share price targets for Swiggy from 2024 to 2030 based on the business fundamentals and market trends of Swiggy along with the scope of growth for the company.
| Year | Target |
| 2024 | ₹470 |
| 2025 | ₹510 |
| 2026 | ₹650 |
| 2027 | ₹790 |
| 2028 | ₹830 |
| 2029 | ₹970 |
| 2030 | ₹1010 |
1. Swiggy Share Price Target for 2024: ₹470
The target price for 2024 stands at ₹470, up by 12% from its listing price of ₹420. Reasons for the same are as follows:
The IPO sees a positive market reception, and investors are assured of enough confidence in the potential future growth of Swiggy.
Entering into new markets coupled with a diversified portfolio of services such as groceries and online pharmacy services is expected to fuel revenue streams at Swiggy due to:
- Strategic tie-ups with restaurants, etc. to enhance its reach and offerings.
- Despite the facing the challenges by the company, in terms of target for 2024, it reflects short-term optimism as Swiggy continues to strengthen its brand presence and become market leader .
2. Swiggy Share Price Target for 2025: ₹510
Swiggy share price target will be at ₹510 level as it portrays a growth of 8.5% from the base year. This growth can be primarily attributed to :
- Continued to grow the topline through consecutive quarter revenues by scaling the online food delivery business and expansion into new categories like Swiggy Genie for non-food items.
- Aggressive marketing and promotions base campaigns will increase customer acquisition.
- Improving operational efficiency and scale offering that can get Swiggy a more positive financial performance in FY 2025.
3. Swiggy Share Price Target for 2026: ₹ 650
By FY 2026, the share price would reach ₹650 for the following reasons,
- Increased operational profitability: With scale and enhancement in their business model, Swiggy would be better placed than in the past with improved operating margins.
- Market penetration in India’s growing online food delivery market, particularly from smaller cities and towns.
- Service diversification: Swiggy’s new market growth, grocery deliveries, or fintech are expected to add other revenues.
This target demonstrates a healthy degree of confidence that Swiggy will maintain the initial growth pace and turn into a more profitable firm.
4. Swiggy Share Price Target for 2027: ₹790
Swiggy share price target for 2027 is ₹790 with an 8% increase. The growth would be primarily because of:
- Expansion Internationally, with Swiggy likely to make inroads into Southeast Asia or the Middle East, where food delivery sites have grown massively
- Streamlining of technology structure and logistics to bring down the cost of operations and raise its margin of profitability
- Higher customer retention values based on the more accessible user experience through Swiggy’s application and efficient and hassle-free delivery network.
As Swiggy continues getting more efficient in its operations, this will see Swiggy realize improved financial health and robust market performance.
5. Swiggy Share price target for the year 2028 for Swiggy: ₹830
Since consolidation of smaller competitors means that Swiggy gets to benefit from a bigger pie of the food delivery market, the target price for the year 2028 is set at ₹830, which will grow further due to:
- Implementation of AI and automation in logistics to expedite delivery times and attain the satisfaction of the customers.
- Brand equity increases because of a bigger customer base and loyalty towards brands.
- Swiggy has always been on the consistent growth path throughout the years, hence will most likely yield long-term value for shareholders in the near future.
6. Swiggy Share Price Forecast 2029: ₹970
Swiggy share price is likely to reach ₹ 970 by 2029 with an 8% growth. This will be because
- The diversification of business into other service sectors such as digital payments, or e-commerce, to realize massive revenue creation opportunity
- Healthy finances with high operating margins and room for higher profitability when the company is mature.
- Sustainable initiatives, which is likely to be the best offer to socially responsible investors with the company pushing towards growing its sustainable impact as it expands
- Growth in India’s digital economy and Swiggy being in a commanding lead is likely to provide spectacular returns by 2029.
7. Swiggy Price Target for 2030: ₹1010
For the year 2030, the Swiggy share price target will be ₹1010. It will one among the platforms that will depict excellent long term growth prospects.
By 2030, Swiggy can be in a position to:-
- Be a market leader in the food ordering and online services sector, which will be highly profitable and sustainable.
- Scale up globally and significantly through the contribution of both the revenue and diversification away from the Indian market.
- Increase margins and profitability-from negative profitability to a business as a profitable venture.
- Swiggy’s medium-term and long-term prospects include scaling the company in multiple geographies and increasing product offerings, which will look to fetch investors some notable returns.
Factors Affecting Swiggy Share Price
The factors that are expected to dictate Swiggy’s future stock prices are as under:
- Profitability: The company has to move from a negative operating margin to profitable margins. That will certainly keep the investors’ interest and create long-term value.
- Market Demand: Online food delivery and related services will continue to grow continuously, and Swiggy has opportunities here to make its market share in this sector.
Frequently Asked Questions (FAQ) For Swiggy Share Price
1. Is Swiggy a good long-term investment?
Stock in Swiggy has tremendous scope for growth, especially keeping in view huge market base and the need for food delivery online. At present, it has not been a profitable venture, and this could raise several red flags in the eyes of a conservative investor.
2. How much will the shares of Swiggy be worth in 2025?
The expected share price of Swiggy is ₹510 if it would log significant revenue growth and expansion in the market.
3. How risky is investing in Swiggy?
There are several risks associated with investing in Swiggy. The main risks are adverse profitability, intense competition in the food delivery segment, and the need to maintain growth with improvement in financial performance.
4. Will Swiggy share price hit ₹1010 by 2030?
Swiggy’s share price could touch ₹1010 by 2030 if it is driven on the back of improved profitability, increased market share, and a trend towards spreading out through new services.
5. How do I invest in Swiggy?
You can invest in the stocks of Swiggy by opening a Demat and trading account and purchasing shares either during its IPO or from the secondary market after it lists.
Conclusion In summary, though Swiggy has issues in profitability terms, rapid revenue growth, successful strategic market expansions, and diversified service offerings have built a strong foundation to enable the company to grow long-term. The investors must keep an eye out for improving financial performance which may bring along the prospects of higher company stocks in 2024-2030.
