Retailing
Valuation | |
|---|---|
| Market Cap | 1.14 kCr |
| Price/Earnings (Trailing) | 33.34 |
| Price/Sales (Trailing) | 2.37 |
| EV/EBITDA | 14.82 |
| Price/Free Cashflow | 24.82 |
| MarketCap/EBT | 26.2 |
| Enterprise Value | 1.13 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -6% |
| Price Change 1M | -3.9% |
| Price Change 6M | 1.2% |
| Price Change 1Y | -11.6% |
| 3Y Cumulative Return | -3.5% |
| 5Y Cumulative Return | -9.2% |
| 7Y Cumulative Return | 3.7% |
Cash Flow & Liquidity |
|---|
| Revenue (TTM) |
| 480.48 Cr |
| Rev. Growth (Yr) | -2.7% |
| Earnings (TTM) | 34.31 Cr |
| Earnings Growth (Yr) | -41% |
Profitability | |
|---|---|
| Operating Margin | 9% |
| EBT Margin | 9% |
| Return on Equity | 13.89% |
| Return on Assets | 7.35% |
| Free Cashflow Yield | 4.03% |
| Cash Flow from Investing (TTM) | 57.48 Cr |
| Cash Flow from Operations (TTM) | 56.86 Cr |
| Cash Flow from Financing (TTM) | -104.22 Cr |
| Cash & Equivalents | 6.9 Cr |
| Free Cash Flow (TTM) | 44.04 Cr |
| Free Cash Flow/Share (TTM) | 20.42 |
Balance Sheet | |
|---|---|
| Total Assets | 466.72 Cr |
| Total Liabilities | 219.67 Cr |
| Shareholder Equity | 247.05 Cr |
| Current Assets | 328.34 Cr |
| Current Liabilities | 181.94 Cr |
| Net PPE | 19.76 Cr |
| Inventory | 0.00 |
| Goodwill | 6.66 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 8.38 |
| Interest/Cashflow Ops | 13.15 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 10 |
| Dividend Yield | 1.9% |
| Buy Backs (1Y) | -3.1% |
| Shares Dilution (3Y) | -3.1% |
Balance Sheet: Strong Balance Sheet.
Technicals: Bullish SharesGuru indicator.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Growth: Poor revenue growth. Revenue grew at a disappointing -4.1% on a trailing 12-month basis.
Momentum: Stock is suffering a negative price momentum. Stock is down -3.9% in last 30 days.
Past Returns: Underperforming stock! In past three years, the stock has provided -3.5% return compared to 13% by NIFTY 50.
Smart Money: Smart money looks to be reducing their stake in the stock.
Balance Sheet: Strong Balance Sheet.
Technicals: Bullish SharesGuru indicator.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Growth: Poor revenue growth. Revenue grew at a disappointing -4.1% on a trailing 12-month basis.
Momentum: Stock is suffering a negative price momentum. Stock is down -3.9% in last 30 days.
Past Returns: Underperforming stock! In past three years, the stock has provided -3.5% return compared to 13% by NIFTY 50.
Smart Money: Smart money looks to be reducing their stake in the stock.
Investor Care | |
|---|---|
| Dividend Yield | 1.9% |
| Dividend/Share (TTM) | 10 |
| Buy Backs (1Y) | -3.1% |
| Earnings/Share (TTM) | 15.82 |
Financial Health | |
|---|---|
| Current Ratio | 1.8 |
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 36.48 |
| RSI (5d) | 19.23 |
| RSI (21d) | 40.82 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Buy |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal |
Summary of Matrimony.com's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the Q2 and H1 FY '26 conference call held on November 13, 2025, management provided an optimistic outlook for the company, indicating expectations for double-digit billing growth in upcoming quarters. Key forward-looking points included:
Billing Growth: Management expects the Matchmaking business to achieve double-digit year-on-year billing growth in Q3. They highlighted that Q2's billing was INR 118.4 crores, reflecting a 6.7% increase year-on-year but a decline of 6.1% quarter-over-quarter.
Revenue Expectations: Revenue for Q2 was reported at INR 114.6 crores, slightly lower by 0.8% year-on-year and 0.6% quarter-over-quarter. The gap between billing and revenue is projected to narrow as the benefits of longer-term subscription packages are realized starting Q4.
Long-term Packages: The introduction of longer-duration packages is expected to improve customer retention and revenue generation, with approximately 10% of users opting for these packages.
Marginal Improvements: Management indicated that the EBITDA margin for the Matchmaking business was at 17.1%, compared to 17.6% in Q1 FY '26 and 22.6% in the previous year. They anticipate that revenues will align more closely with billings in the next fiscal quarters.
Cash and Investment: As of Q2, the cash and investment balance stood at INR 328 crores, suggesting strong liquidity for further investments or operational strategies.
Marketing and Operational Efficiency: Management confirmed that marketing and operational expenditures would remain controlled, with a focus on optimizing marketing spend to improve ROI, particularly in key markets and through performance marketing.
Strategic Investments: The company made a strategic investment in Bharat Ek Khoj Spiritual Tech Private Limited, underscoring its commitment to diversify into AI-driven services related to astrology and spiritual tech.
Overall, the management is confident in the business' growth trajectory and the strategic initiatives aimed at enhancing user engagement and revenue generation moving forward.
Understand Matrimony.com ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| J MURUGAVEL | 54.59% |
| NALANDA INDIA EQUITY FUND LIMITED | 9.76% |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY | 7.81% |
| ICICI PRUDENTIAL ESG EXCLUSIONARY STRATEGY FUND | 3.02% |
| MARATHON EDGE INDIA FUND I | 2.37% |
| ETERNITY CAPITAL FUND | 1.67% |
| LOBCO LIMITED | 1.13% |
Detailed comparison of Matrimony.com against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| NAUKRI | Info Edge(India) | 75.61 kCr | 4.15 kCr | -12.70% | -26.60% | 79.63 | 18.21 | - | - |
| INDIAMART | IndiaMART InterMESH | 13.72 kCr | 1.87 kCr |
Comprehensive comparison against sector averages
MATRIMONY metrics compared to Retailing
| Category | MATRIMONY | Retailing |
|---|---|---|
| PE | 33.34 | 537.14 |
| PS | 2.37 | 4.07 |
| Growth | -4.1 % | 22 % |
Matrimony.com Limited, a consumer internet company, provides online matchmaking services on internet and mobile platforms in India and internationally. The company operates through two segments: Matchmaking Services and Marriage Services. It operates matrimonial sites, including BharatMatrimony.com, BengaliMatrimony.com, AssameseMatrimony.com, BihariMatrimony.com, GujaratiMatrimony.com, HindiMatrimony.com, KannadaMatrimony.com, KeralaMatrimony.com, MarathiMatrimony.com, MarwadiMatrimony.com, OriyaMatrimony.com, ParsiMatrimony.com, PunjabiMatrimony.com, RajasthaniMatrinomy.com, SindhiMatrimony.com, TamilMatrimony.com, TeluguMatrimony.com, and UrduMatrimony.com. The company also operates religion based matrimonial sites through MuslimMatrimony.com, ChristianMatrimony.com, SikhMatrimony.com, JainMatrimony.com, and BuddhistMatrimony.com; and offers social services through AbilityMatrimony.com and HappyMarriages.com. In addition, it operates community-based sites, such as CommunityMatrimony.com; and DefenceMatrimony.com, DivorceeMatrimony.com, EliteMatrimony.com, and ManglikMatrimony.com. Further, the company operates WeddingBazaar, an online marketplace that offers a range of wedding-related services comprising vendors for photography, makeup, mehendi, wedding planning, catering, decorations, etc.; and Mandap.com, a wedding venue booking platform for reserving mandaps, banquet halls, and convention halls. Matrimony.com Limited was founded in 1997 and is based in Chennai, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
MATRIMONY vs Retailing (2021 - 2026)
1. Premlal's Question: "In that gated communities, in most of the gated communities in that lift area, add-on mode display is there. Haven't seen any advertisements in that relating to matrimony... When advertisement costs come down and profitability will increase in coming quarters or next year or what?"
Answer: In terms of advertisement, we evaluate various marketing initiatives for better ROI. We anticipate profitability to increase, as we expect double-digit billing growth due to long-term packages. The gap between our billing and GAAP revenue is around INR20 crores. We expect improvements from Q4 onwards.
2. Ashis Behera's Question: "Is there any opportunity to explore synergy to reduce ad expenses? And on MeraLuv, the Jobs portal focusing on Tamil Nadu, is there any traction?"
Answer: We monitor marketing spend closely as competition remains, and while there's been a slight rationalization, we continue to invest to maintain our market presence. For MeraLuv, it's showing promise with over 1 million downloads and positive feedback. We'll assess broader expansion as we refine the product.
3. Damodaran's Question: "Can you elaborate on the longer-term products launched, and what's their share of overall billings?"
Answer: We introduced long-term packages to provide users with more options, extending beyond the usual three months. Currently, these packages represent about 10% of our overall billings, which affects the billing-revenue gap until we see the full benefits in Q4.
4. Ashis Behera's Follow-Up Question: "Do you have some internal KPIs to track if MeraLuv and other initiatives meet expectations?"
Answer: While we don't disclose specific KPIs, we certainly track various metrics crucial for assessing product performance and user engagement before monetization. We aim to launch products effectively and monitor their progression over the coming months.
5. Abhisek Banerjee's Question: "What do you think our market share is now? What confidence do you have for recovery back to double-digit growth?"
Answer: Our market share remains around 55-60%, and we have confidence for growth recovery due to improvements in billing linked to long-term packages and positive trends in Q3 that support our projection of double-digit growth continuing into Q4.
6. Tushar Tikande's Question: "What factors are driving the increase in the average transaction value, which saw an 11% increase this quarter?"
Answer: Our average transaction value growth is attributed to the new long-tenure packages and an increase in personal services, both contributing to a higher average revenue per user. This reflects both our service enhancements and customer engagement.
7. Mohit's Question: "What is the conversion rate for new registrations to paid subscribers, and what's the renewal rate for subscriptions?"
Answer: About 10% of new registrations convert to paid subscriptions, and most users opt for shorter durations upon renewal. This pattern indicates a preference for flexibility in subscription lengths among our customers.
8. Damodaran's Follow-Up Question: "What kind of spend are you looking at for expanding Many Jobs post-Tamil Nadu?"
Answer: We will continue to evaluate Many Jobs in Tamil Nadu over the next couple of quarters. Once we hit benchmarks and validate the market fit, we will consider allocation for expansion, which will be determined based on performance results.
| DEEPA M | 0.02% |
| J RAVI | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| +5.30% |
| +3.90% |
| 22.63 |
| 7.35 |
| - |
| - |
| JUSTDIAL | Just Dial | 5.73 kCr | 1.59 kCr | -7.10% | -22.50% | 9.96 | 3.61 | - | - |
| HTMEDIA | HT Media | 512.8 Cr | 2.07 kCr | -6.70% | +3.00% | 2203 | 0.25 | - | - |
Analysis of Matrimony.com's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Sep 30, 2025
| Description | Share | Value |
|---|---|---|
| Matchmaking Services | 99.1% | 113.5 Cr |
| Marriage Services & Others | 0.9% | 1.1 Cr |
| Total | 114.6 Cr |
| -10% |
| 10 |
| 11 |
| 10 |
| 12 |
| 17 |
| 18 |
| Current tax | -22.4% | 1.83 | 2.07 | 1.16 | 2.74 | 3.78 | 4.1 |
| Deferred tax | -3.2% | 0.35 | 0.37 | 0.85 | -0.59 | 0.24 | 0.26 |
| Total tax | -18.1% | 2.18 | 2.44 | 2.01 | 2.15 | 4.02 | 4.36 |
| Total profit (loss) for period | -8.6% | 7.76 | 8.4 | 8.18 | 9.97 | 13 | 14 |
| Other comp. income net of taxes | 12.1% | 0.06 | -0.07 | -0.11 | -0.03 | -0.09 | -0.17 |
| Total Comprehensive Income | -7% | 7.82 | 8.33 | 8.07 | 9.94 | 13 | 14 |
| Earnings Per Share, Basic | -10% | 3.6 | 3.89 | 3.79 | 4.54 | 5.91 | 6.28 |
| Earnings Per Share, Diluted | -10% | 3.6 | 3.89 | 3.79 | 4.54 | 5.91 | 6.27 |
| 3.8% |
| 28 |
| 27 |
| 29 |
| 26 |
| 26 |
| 28 |
| Other expenses | -4.9% | 256 | 269 | 243 | 213 | 183 | 163 |
| Total Expenses | -2.7% | 428 | 440 | 419 | 376 | 339 | 349 |
| Profit Before exceptional items and Tax | -11.1% | 57 | 64 | 57 | 75 | 54 | 38 |
| Exceptional items before tax | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | -11.1% | 57 | 64 | 57 | 75 | 54 | 38 |
| Current tax | -41.2% | 11 | 18 | 13 | 18 | 13 | 7.84 |
| Deferred tax | 100.2% | 1.01 | -3 | -3.57 | 0.08 | -0.14 | 1.72 |
| Total tax | -21.4% | 12 | 15 | 9.48 | 18 | 13 | 9.57 |
| Total profit (loss) for period | -6.4% | 45 | 48 | 48 | 57 | 41 | 29 |
| Other comp. income net of taxes | 13.8% | -0.31 | -0.52 | -0.32 | -0.52 | -0.01 | -1.04 |
| Total Comprehensive Income | -6.4% | 45 | 48 | 47 | 56 | 41 | 28 |
| Earnings Per Share, Basic | -6.5% | 20.41 | 21.77 | 21.2 | 24.9 | 17.98 | 12.61 |
| Earnings Per Share, Diluted | -6.6% | 20.4 | 21.76 | 21.19 | 24.87 | 17.96 | 12.57 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0.2 |
| 0.2 |
| Total non-current financial assets | -36.8% | 49 | 77 | 70 | 46 | 46 | 30 |
| Total non-current assets | -14.5% | 142 | 166 | 159 | 139 | 144 | 140 |
| Total assets | 1.3% | 465 | 459 | 513 | 501 | 481 | 466 |
| Total non-current financial liabilities | 2.9% | 37 | 36 | 39 | 42 | 48 | 53 |
| Total non-current liabilities | 5.7% | 38 | 36 | 39 | 42 | 48 | 53 |
| Total current financial liabilities | -14.6% | 83 | 97 | 85 | 74 | 72 | 67 |
| Provisions, current | 1% | 7.33 | 7.27 | 8.85 | 8.34 | 8.66 | 7.09 |
| Current tax liabilities | - | 0 | 0 | 0 | 4.31 | 0 | 0.24 |
| Total current liabilities | -0.6% | 180 | 181 | 165 | 167 | 163 | 158 |
| Total liabilities | 0% | 217 | 217 | 205 | 209 | 211 | 211 |
| Equity share capital | 0% | 11 | 11 | 11 | 11 | 11 | 11 |
| Total equity | 2.1% | 247 | 242 | 308 | 292 | 270 | 255 |
| Total equity and liabilities | 1.3% | 465 | 459 | 513 | 501 | 481 | 466 |
| -11.6% |
| 62 |
| 70 |
| 70 |
| 92 |
| - |
| - |
| Income taxes paid (refund) | -15.4% | 12 | 14 | 13 | 19 | - | - |
| Net Cashflows From Operating Activities | -12.7% | 49 | 56 | 57 | 74 | - | - |
| Cashflows used in obtaining control of subsidiaries | - | 0 | 0 | 0 | 9.96 | - | - |
| Proceeds from sales of PPE | - | 0.09 | 0 | 49 | 0.08 | - | - |
| Purchase of property, plant and equipment | -36.8% | 13 | 20 | 6.67 | 7.66 | - | - |
| Proceeds from sales of investment property | -100.4% | 0 | 257 | 350 | 294 | - | - |
| Purchase of investment property | -100.4% | 0 | 285 | 340 | 339 | - | - |
| Proceeds from sales of long-term assets | - | 401 | 0 | 0 | 0 | - | - |
| Purchase of other long-term assets | - | 349 | 0 | 0 | 0 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | - | 1.93 | 0 | 0 | 0 | - | - |
| Dividends received | 17.2% | 4.68 | 4.14 | 3.3 | 3.07 | - | - |
| Interest received | 35.7% | 20 | 15 | 13 | 11 | - | - |
| Other inflows (outflows) of cash | -25% | 0 | 0.2 | 0.2 | 0 | - | - |
| Net Cashflows From Investing Activities | 320.8% | 66 | -28.44 | 69 | -51.6 | - | - |
| Proceeds from issuing shares | 2.5% | 0.22 | 0.2 | 0 | 0.95 | - | - |
| Payments to acquire or redeem entity's shares | - | 73 | 0 | 0 | 0 | - | - |
| Proceeds from exercise of stock options | - | 0 | 0 | 0.36 | 0 | - | - |
| Payments of lease liabilities | - | 15 | 0 | 0 | 12 | - | - |
| Dividends paid | 0% | 11 | 11 | 11 | 8.01 | - | - |
| Interest paid | -9.1% | 4.7 | 5.07 | 5.78 | 5.23 | - | - |
| Other inflows (outflows) of cash | - | 0 | 0 | -93.71 | 0 | - | - |
| Net Cashflows from Financing Activities | -248.6% | -104.22 | -29.18 | -124.8 | -24.33 | - | - |
| Effect of exchange rate on cash eq. | 0% | 0.01 | 0.01 | 0.01 | 0 | - | - |
| Net change in cash and cash eq. | 480.2% | 11 | -1.63 | 1.06 | -2.15 | - | - |