Zomato Overtakes Tata Motors

Zomato Overtakes Tata Motors and Bajaj Auto in Market Cap Latest 2025

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Zomato Overtakes Tata Motors: The online food delivery platform, Zomato is now part of the Sensex, replacing JSW Steel on Friday (December 20). Moreover, the tech-driven food company sees this step forward as a major move. The Zomato shares are firming up in Friday trade. Its market capitalization is Rs 2.75 lakh crore, with a price-to-earnings (P/E) ratio 345.04. At this level, this food delivery giant’s valuation has surpassed some of India’s most prominent automotive companies – Tata Motors, and Bajaj Auto.

Zomato Overtakes Tata Motors
Zomato Overtakes Tata Motors

Zomato Overtakes Tata Motors

Zomato Overtakes Tata Motors
Zomato Overtakes Tata Motors
  • Tata Motors is an Indian multinational automotive powerhouse.
  • It has a market capitalization of Rs 2.74 lakh crore.
  • Bajaj Auto, a leading two-wheeler and three-wheeler manufacturer is valued at Rs 2.51 lakh crore, highlighting that Zomato’s market cap is now higher than the two key players in the market.

Let’s take a look at the reasons behind this transition and what it means for both the companies, the replaced and replacing.

Zomato Overtakes Tata Motors: Why Zomato Made the Cut


Arch rival of Swiggy, Zomato’s inclusion in the Sensex is a result of its strong performance in 2024. The company’s stock has surged by 132 percent year-to-date, significantly outperforming the 9.78 percent growth of the BSE Sensex. This growth also gave a positive trend to the company’s financial performance.

“Zomato-owned Blinkit’s recent launch of ‘Bistro’, a 10-minute food delivery app, was a low-key affair. Our recent checks, however, suggest the platform opens up a wide range of use cases that were hitherto not getting adequately addressed through Zomato’s food delivery app.

Bistro’s within-10 minutes-delivery proposition should help the company better penetrate breakfast and evening snack meal consumption in high-density micro markets in Tier 1 cities, while also improving the visibility of its value meals (Zomato Everyday) proposition. Bistro’s selection and price points suggest it will likely compete with Zepto Café rather than Swiggy’s Bolt or Zomato’s own 15-minute food delivery offering for the customer.

Zomato Overtakes Tata Motors: Zomato Share Performance


The stock is currently trading at Rs 289.20, a 2.25 percent gain over the past five days. In the last 6 months’ performance of the company, its shares have surged by 46.76 percent, adding Rs 92.15 to its value. When analyzing it on Ya ear-to-date basis, Zomato’s shares have skyrocketed by a staggering 132.29 percent, gaining Rs 164.70 in 2024 alone.

While Zomato does not offer a dividend yield, it has achieved a 52-week high of Rs 304.70, significantly up from its 52-week low of Rs 120.20.

Zomato: Key highlights

  • Revenue- Rs 4,800 crore, up 68.5 percent year-on-year
  • Net Income- Rs 176 crore, a rise of 388.89 percent
  • Net Profit Margin- Improved to 3.67 percent, up 191 percent year-on-year

Further enhancing its performance, the food tech-giant acquisition of Blinkit, coupled with its efficient cost management and growing market dominance, has also made its position in the spotlight in the tech-driven food delivery sector.

What Happens When a Stock Joins Sensex?

The inclusion of Zomato in the headline indices, Sensex means passive funds and exchange-traded funds (ETFs) that track the index will have to buy Zomato shares to match the index composition. This adjustment is expected to result in USD 513 million worth of inflows into Zomato stock, according to Nuvama Research.

On the other side, JSW Steel’s exit will lead to USD 252 million in outflows as funds rebalance their portfolios. This process typically occurs during the last 30 minutes of trading on the day of the index change, based on volume-weighted average prices (VWAP).

A look at how Zomato began its Journey

Zomato’s journey to becoming a Sensex constituent began with its public issue in July 2021, which raised Rs 9,375 crore. The price band for the IPO was kept between the range of Rs 72 to Rs 76 per share, and the company made its debut on the Indian bourses on July 23, 2021.

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