Zomato valuation absurd: Rakesh Jhunjhunwala
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- เผยแพร่เมื่อ 23 ก.ค. 2021
- The sensational public markets debut of loss-making consumer technology startup Zomato got a royal snub from the country’s smartest and ace investor, Rakesh Jhunjhunwala. The loss-making food delivery start-up ended Day 1 (July 23) with a market cap of close to ₹1 trillion with the stock settling 65% higher to its IPO price of ₹76.
“I have learnt two important lessons [in investing]. The first lesson is what I buy is very, very important and [second] at what price I buy is most important. Good luck to Zomato. Let Zomato be worth ₹99,000 crore and Tesla be $600 billion or $6 trillion. I am not going to buy these stocks at this valuation,” said the Big Bull at a webinar organised by investment bank Equirus.
![THE TOYS x NONT TANONT - ดอกไม้ที่รอฝน (spring) [Official MV]](http://i.ytimg.com/vi/pPa1d5cC8M4/mqdefault.jpg)
If Rajnigandha ever comes with IPO you know for a fact RJ would be backing it.
Lol
😂😂😂 even RMD too
It is kinda amazing that DS Group which owns Rajnigandha is still a private company. It has a revenue of about 7700Cr in 2018 as per wikipedia
😆
lol
That's me talking about Stock market after 3 pegs
😂😂😂😂
🙏🙏😀
😂
Still he's a billionaire tho 😀
Accha
Jhunjhunwala eagerly waiting for rajnigandha IPO😂
sahi kaha hum rajnigandha ko batate he ki IPO lavo bahot subscription hoga
lol
Rajnigandha is product and zoomato is service based products you see RJ is what saying there is logic may be ppl don't agree with him
Its DS Group Actually the parent company for Rajnigandha
Ab rajnigandha ki bari
sharad pawar is more clear than RJ.
ye RJ ke interview kitne bhi bar suno samjme nahi ate
😂😂😂
U won my Heart 🤷♂️
Sharad pawar is looter and RJ is investor 😅😅
I shappat 🤣🤣 agadi faro far bolla
Unfortunately most us just focusing on him eating Vimal and being drunk.
Very few are trying to understand what he is saying.
It's GOLD that he saying
I watched it twice... once just watching him & going though comment section.
The second time I totally understood what he’s trying to say cash flow is extremely important for any kind of business.
@@dr.mitbhavsar3086 yea bro
The company's ability to generate Free CASH FLOW is very important, which these start-ups are not focusing.
Tabhi to duniya me successful people kam he or chutiya jyada
hardest person to interview ever in the history of mankind !
Vaiya aap ☺️
Hi vaiyaaaa
Sharab pee rha h yeh
RJ's got no neck and you literally made him drop his drink 😂
I buy only those stocks in which I can do insider trading....RJ
Yeh thik tha 😂
Right that's why you can just comment here while he strikes multi million dollar deals
@@Lucifer-qk1vi stop idealising scamsters
@@Lucifer-qk1vi That was so stupid
He buy only those stocks earlier before Government announced some Packages for that sector's. 420 Big bull
😂😂Zomato not delivered food on time.. That reason he rejected zomato🤣🤣🤣
so u are so sure that he is wrong and you are right..
than put all ur money on zomato
i bet u don't know anything about cashflow,stock market
Zomato has been facing losses since some years many schemes have failed like gold subscriptions and it's been facing many competitions so only time will tell how zomato performs
@@Rohitash_755 which competition swiggy lol .......swiggy is over now
@@aryanshah2925 Yahoo ne bhi yehi socha tha about competition, Google aa gya. Aisi thinking ke saath hi tum jaise ghusna market mein 🤣
Zomato's corporate governance is poor business model is not much good also.and its business strategy are cheap also.
4:26 "Jabh fatega naa, tab pitaji bhi milne wali nahi hain."
4:32 "The biggest bloody badmash in this is that SoftBank character."
Believe him guys daru pi kar aadmi jhut nahi bolta.
hahahah
😂😂😂
Oh bhai🤣🤣🤣
Ooh bhi 😂
The way RJ speaks, no one will guess he is the big bull of the Indian stock market ! lol.
Listen Warren Buffett and Charlie munger, you will get used to it 😅
The BACKGROUND does not look like something a POOR MAN will own
He's not an actor to have the be good looking and ve the charm
Yet earns more in a day than all of us in the comments combined 🥵 not stanning him but you can't deny the fact
I can definitely say that Rakesh is telling the truth and not holding back because he is drunk 🙃😉
🤣🤣
trueee af lol
2:53 - Amazing fact in case you missed it. All best performing businesses of India have a Good valuation based on cash flow.
Their PE might be high - but their Cash flow is always 3-3.5 times. So, you should value based on cash flow.
Can you please explain how 3-3.5 times?
Hey i also want to know ki kaise value kiya jata hai suppose reliance this year gas generated 100,000 cr of cash flow from operating activies then how much should it be valued ??
I'm worried about his health.
Rightly said
Don't be worried.
True
doNT WORRY MONEY WILL fix it
I believe he’s one of the few who can afford a liver transplant😅
He is living the big bull’s life.
5:55 glass girneki aawaj
Is it just me or does anyone struggle to hear the last 3 words in RJ's every sentence?
Please put subtitles , its very difficult to understand his accent
Mere mama bhi aisa hi bolte h, hamari mami subtitles ka kaam karti h.
@@ratnesh2290 🤣
🤣🤣
@@ratnesh2290 😃😃😂😂
😂😂😂🤣
I know this guy is old and doesn't know about the new age startups.
However he's right about Zomato.
Everything is overvalued right now.
Tesla alone has a market cap more than the entire auto industry combine which is ludicrous.
Tesla wala dr. Michael burry ka report padha na 😂
@@Crazymonster-qf8fi Nah.
It's way too clear.
Even Elon Musk himself admitted it.
@@neeljavia2965 you think you know better?😂
And if u read its pnl, the revenue is coming for govt incentives.
Man.. Rakesh jhunjhunwala is intelligent. He can hire anyone in world to understand business model of zomato and other startups....Do u know how stock market works??...how stock prices fluctuates according Bid and ask quotes??...Rakesh knows it..
Tiwari Seth speaks more clearly than him
😂😂😂😂
@Truth prevails kidhal hai mele taalis laakh
🤣🤣🤣🤣🤣
Legend comment.
Real fans will understand
So after 9 months I am listening to this when Zomato is trading at 54 Rs...and agreeing what he said 9 months ago
Bro it crashed to 47 today😭
@@dp622 its 41 today
Bro 41.65
5 saal lgega company doobne me
Never invest in computer/ it based start ups , it is not for investor it is only for greedy people whoe wanted to become rich at a cost of common people.
सुपारी जर्दा चबाते चबाते कब 30 हजार crore बना लिया गुरुजी ने समझ नहीं पाओगे।। #dilsedesi
11:46 when everyone realized RJ is drunk and high on Vimal. A drunk mind speaks the sober heart
😁😁
ahahahha fck! hilarious
"Yee baba supari fake k baat kr"
--babu rao
After seeing this video today I'm really admire RJ and his knowledge and ethics...He didn't sang the investment bankers song.. He's blunt , rude but speaks truth which hurts...These anchors and others who watch his interview today will surely understand why he's called the big bull of India
This is one of his interview in which I agree.... Zomato's valuations are absurd and totally negation of it's fundamentals.....
10/05/22 zomato 52 lol
@@bireswarsinha44 Still overvalued
I absolutely agree with him... these high profile technology companies have no free cashflow, they will keep raising money issuing new securities... and wealth can not be created without operational cashflow.... Even for paytm most of the promoters including Softbank ,Berkshire Hathaway are selling out..
That's the traditional investor mindset. Times are changing
@@Ash-jh3gh time goes through cycle my friend. For a loss making business 1lakh crore market cap is not sustainable in any time. When the bull market ends this pathetic IPO es can get a person wiped out....
@@Ash-jh3gh who said times are changing. And this traditional approach is very important in the long run orelse you will be wiped out
@@akshayakumarsatapathy5833 it is evident the times are changing. More internet IPOs will come soon and and they will likely be oversubscribed by retail investors. Today's investors don't look at just the balance sheet.
@@Ash-jh3gh retail investors booking IPOs are not an indication of informed investing. Most retail investors put their money without understanding the company.
4:03 RJ scratching his back .
Moral of the story - Become one of the biggest names in the stock market world and then you can scratch your own back in Fortune India's interview.
Thankyou, I was searching for it
@@chandru9133 right ✅
zomato should deliver pan to keep him cool.
🤣🤣🤣
Zomato does deliver paan
@@devendra455 oh I see. It's good. Pan is in our tradition and culture.
Waiting for all the so experts who said Rakesh Jhunjhunwala is old and does not understand new tech.
Zomato price fell from all time high of 164 to 47 in less than 1 year and is still expected to go down further.Where is the valuation model whose hype helped businesses zomato to become famous , a company who not even a made single penny in more than 10 years and just burning cash
I agree with RJ, retail investors will surprise after 1 year with Zomatos Real Value
Whoa
damn this man was right
what i also realised that Zomato prices for a dish are way more than the actual price, top it up with all the taxes. I would suggest to go to that restaurant and get the actual price for a dish, trust me you will be surprised. So their model of charging people more for their favourite restaurant id faulty. I for sure will use Zomato sparingly.
And the dangerous part is, they are not making profits even after all these extra expenses.
Amazing views from Ace investor on valuation , cash flows .. it will be interesting to see how Zomato mgmt manages this hype and show results to meet street expectations.
You should not buy what rakesh bought. He bought Gutka /Zarda will you buy?
I will buy zarda if doing that guarantees 20000 crore rupees.
40000 cr now
it depends if he's buying it, must be some reason behind it, noone will throw 1000s of crores away, but yes i agree you should never buy something solely because of someone else but do your own research too.
@@bvz2565 i am not in my dads house buddy, and i dont bother if RJ he is rich or poor.
haha good one
news channels should provide subtitles with mister jhunjhunwala interviews
Someone ask him how much profit Nazara was making until last qtr
hey tulip boyy
Valuation of Swiggy, almost similar in size to Zomato, and valued by PE investors,is almost 40% less than valuation of Zomato in public markets. Crazy valuations for Zomato with zilch cash flows.
@@girishsahni matlab???
How do he valued zomato
Health is wealth " if no good health, then what is the meaning of your wealth " Heart attack, cancer ,death and other decises not giving any invitation, it wish it will attack.
he had lived his life to fullest .Did you live that kind of live?
For so much wealth, RJ can't find a good dentist.. Or speech therapy lol
Man he doesn't want to change for the people
He is who is he is 😂😂.
That's his swang.
He do it intentionally SO that anybody can learn nothing
waiting for vimal ipo…and people ask him that will he invest in vimal ipo
This is the first video i see of Rakesh Jhunjhunwala, I learn one thing Sir ji Pan bohut khate he...
TENTION due too Not , genuine investments ,it's BUFFLING in hand ✋ crash CASH
Paan ya gutka. RJ shaw kin hai side mae whiskey /rum bhi hoga aur woh bhi 😉😂😂
I've always said this from the starting, the modern generation assumes the wealthy folks in india must be professional like the hollywood movies, business must be a complicated task, at the end i just observed, say it be technical guruji, or bhuvam bam or here RJ, people with basic foundational knowledge have ruled it all. The modern generation chase paper entrepreneurs, entrepreneur who write long thread on twitter how their cat learned so much from steve jobs. This is all bs. If you can sell samosa on indians roads, you can understand business here. Don't complicate it. What those do is called dirt consulting, excel sheet entrepreneurship.
yes
Stock should make wealth for investor. Rj is angry coz zomato is going to tank in near future and people are gonna loose money .
Paying SEBI crores for insider trading every time isn't ABSURD at all.
Is he investor or Gutka king😂😂😂
😂😂 i was having a very hard time understanding his words. Missed most of them tbh. 🙃
If u want to be rakesh Jhunjhunwala then u need to buy jarda and gutkha
@@akashaggarwal3041 it seems he is speaking in his mind, not to an audience.
Can anybody please explain me what does "the price to free cash flow ratio is always *three-three and half times*". What is "three-three and half times" here? At 3:22.
there are 3 types of case flow, in this vdo rakesh jhunjhunwala tells about operating cash flow ,means the cash whice is generated by the company from its operations
@@learninvestment6435 sorry it's of no use to me as I asked about something else
It means ratio is 3 to 3.5......
@@kingbing3315 yeah that makes sense🤔 thanks man.... really appreciate that.
@@yashancientbeast I guess he means that the ratio of share price to free cash flow is 3 or 3.5 which is good. The traditional valuation metric was Price to earnings. But even earnings can be inflated by other income or the quality of earnings could be poor owing to high debtor days, low receivables and inventory turnover.
So price to free cashflow is a better valuation metric
Rakesh jhunjhunwala- areeee rajnigandha ka ipo lao yaar bulk me khareedega tumhara bhai😂😂
Zomato is 42 today
He was damn right
200 now
He better focus on insider trading charges and other charges by SEBI served to him . . Needs to look into his value system. .
All people try to cry about why the valuations are so high, but the best thing is that all these companies are mostly held by retail investors which is the base of the market and feels so happy to see that more and more retail investors are doing what they think and not hear from the big investors or big corporations
गुटखा थूक दो गुरु
Pump and dump has been always high due to the social media craze .
and due to herd mentality people buy stocks in these companies as everyone is buying it.
Elon musk has did it several times and zomato will be in same condition as that of Reliance power(some years ago they were 72 times oversubscribed but there stocks prices never went up and kept decreasing as it does not have a solid business model and no regular cashflow but due to craze even autowala's invested at that time)
"Muh me Rajnigandha, kadmo me duniya".
Such a knowledgeable video, thank u guys keep doning this good work :), Rakesh Sir rocks :)
Upload full interview please
10:18 😉 only legend will get this…
you're a rare person in this time of stock market 😉 though he's right iss hadd overvalued stock ka yhi ilaj h short hi hote at the end retail phir chutiya banta h ...
look at metropolis it came in future just now. no need to become any legend.
@@gokul9671 Swiggy and Amazon Food is on the way so no monopoly will generate in this sector , look and at the USA or any other developed market kid, Grow revenue by giving discount is not ethical business model... do not forget Amazon can bear more losses then Zomato & Swiggy
@@trupeshborad7977 brother I trade every day,this is my job,they all like to short futures in delivery.because retail guys won't short and carry.thats all I am saying.if you have not traded stock futures you will not know.i am ready to show my pnl soon live in youtube.
Short karo…😊😊
That father in law remark was OP
Where are the captions when you need them 😂😂😂
Candid and correct !!
Anyone know that he did a insider trading .
lets see when ipo of his future airlines would be out
RJ will back his friends company DMART.. Zomato entering e grocery and retail makes him unhappy..
These old school people are only about PE and Valuation. Companies no longer operate like that, especially in Tech Sector.
The growth potential faxtor is completely neglected
zomato ko zomata bol diya hahaha....
Baburao - Ae tu supari nikal ke baat kar re baba 😜😂😂😂😂
I would love to have his views on D-mart's valuation.
He is right about Zomato.... The valuation of the stock is absurdly high...
All these first time post covid investors talking about valuations and business models after watching a few youtube videos are going to learn a lesson very quickly. Bubbles are asymmetric you will not have the time to react before you lose everything. Flash crashes hits you differently when you have skin in the game
Word
Akshay Shrivastava will leave the chat !
Looks like RJ has had 3 pegs and he is right about Zomato evaluation.
🤣😂 zomato lambi race ka ghoda hai
Iska time khathm Hiii 👍 😂 ABHI
I think he didnt get ipo allotment😂
Yes is PAN is banned
😂😂😂
@@SR-INFRA PAAN or PAN card?
I only understood the words, “valuation”, “money” and “focus”
Wtf is he saying?? 🧐
Zardha PAN , last loon of 1992 SCAM
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
😂😂😂 same here bro
Ya, even I feel same bro..!!:-)
😂😂😂
Ishq hai to risk hai rakesh bhai 😁👍
80 % of what he is talking about just flown over the top of my head because of gutkha
😀😂
Hence proved u r idiot to the core
Sir,what about barbeque nations,narza technology
No subtitles available
he might of missed in PE stage ,hence this frustration, what happened to DHFL.....
Absolutely fantastic!
Phir aap kya dekh ke dish tv mein invest kiya tha aapne
Rakesh ji is absolutely correct...it's valuation should be in 4.5 to 7 k
He didn't invest in Bajaj finance, doesn't mean it did not gave return
What? You are comparing Bajaj finance with Zomato?
Bajaj finance was profit making company and growing. Last 5-7 years, whatever share price rise is there, its because of its growth in profit.
Zomato's valuation is 1lakh cr+
if you expect just 12% return, it has to generate 1lakh cr profit in next 6 years which is not possible for cash generating company like ITC, forget about loss making company like Zomato
Zomato ki marke rakh li RK ne, it made me think twice about the zomato model.
he looks like that grandfather in the swiggy ad lol
Yeh, indian Warren buffet kaise bana, anyone explain plz
Even Indexes valuations are absurd!! How about that? Let's see the impact from the US 10 yr bond yield rising.
He's the same guy who has been crying all his life that put your money in stock market and now he's frustrated why some companies are given so much valuation, may be he has sold so many shares of his and thought market would come down but market didn't and now he's frustrated as he's not getting the shares at cheap price hahahaha
He thought his bad comment will make zomato go down when it go down his proxy will eventually buy zomato easy game
He was bullish in April May 2020 just btw🙋
Bro he said invest in the stock market but never said invest blindly in any stock. This isn't a bull market anymore it is a bullshit market
bhai we work search karo samajh jaoge ye kya kahna cahta hai
Subtitle please🙏🙏
warren buffet said same about tech... yes valuation is super high but they have data about India eating patterns by all slice and dice
How fortunate are indian jhunjhunwala are their mentor
Does not let others speak
Most of these start up companies are valued, largely influenced by their advertising and amateur victims falling in them.
India is 80% rural, nobody knows Zomato there and would never be known. However, they know Parachute oil, Maggie, Maruti, Bajaj...
That's were the game is..Zomato has umpteen opportunities to grow ..whereas the other sector companies would have stunted growth in the future
rakesh bhai....SIMPLY AWESOME
People laughing and commenting rajnigandha rajnigandha .
His portfolio will laugh on you 😂😂😂 .
They are all colonial mindset people... If any englishman in suit boot will serve rubbish they will lick it... But when someone who is not looking like suit boot type people they make fun of him...
Awesome 👌
And so does Nykaa
i think he didnt got the ipo offer
when RJ came in form video ended
when u accidentally open your front camera.
sir what we can do on zamato
let us wait for the next quarter. Itni jaldi to profitable banega nhi zomato. Abhi zomato ko bull market, IPO and tech craze ka sahara mil raha hai. Baad me futna chahiye ye sab
@@saptarshidas488 Thank uou so much sir