Matrimony.com (MATRIMONY)
Slow GrowerFairStock Score: 47/100 — MIXED
Score breakdown: P/E: 1/3 · ROCE: 1/2 · Growth: 0/2 · Dividend: 0/1
Key Financials
| Current Price | ₹538.4 |
| Market Cap | ₹1,113.06 Cr |
| P/E Ratio | 33.78 |
| ROCE | 19.41% |
| ROE | 10.77% |
| Dividend Yield | 0.93% |
| Profit Growth | 123.97% |
| Debt/Equity | 0.24 |
| Sales Growth | 12.67% |
| Promoter Holding | 54.61% |
| 52-Week Range | ₹364.05 — ₹573 |
| Sector | Retailing |
| Book Value | ₹99.87 |
Strengths
- Clean balance sheet with debt/equity of only 0.22
- Respectable ROCE of 19.41%, above typical capital costs
- Promoter holding of 54.61%, aligning management with minority shareholders
- Niche brand in Indian matchmaking with network-effect potential
- Still profitable at the operating level, with ₹8 Cr net profit in the latest quarter
Concerns
- Profit growth is negative at -16.75%, while the P/E is 26.69 — an expensive price for shrinking earnings
- Sales growth of just 1.62% indicates a stagnant topline
- PEG of 16.48 implies the market is paying heavily for very little growth
- Piotroski score of 4/9 signals weakening financial fundamentals
AI Analysis
Let me look at this like a businessman. Matrimony.com has a niche franchise in India's matchmaking market, and network effects can be a genuine moat. Promoter holding of 54.61% shows skin in the game, and the balance sheet is clean: debt-to-equity is just 0.22, with a ROCE of 19.41%. That is respectable. But I buy the business for its future returns, and here the future looks weak. Sales growth is only 1.62%; profits have actually fallen 16.75%. The latest quarter shows ₹113 Cr of sales and just ₹8 Cr of net profit. That is hardly an engine of compounding. At ₹432.65, the market is asking a P/E of 26.69, which implies an earnings yield under 3.8%. For a business with near-zero growth, that gives me no margin of safety. The PEG ratio of 16.48 makes the growth premium look absurd. Return on equity of 10.77% is decent but not remarkable, and the Piotroski score of 4/9 suggests deteriorating fundamentals. Book value is ₹142.90, so I am paying more than 3 times book for a slow grower. The dividend yield of 1.24% is a poor substitute for growth. This looks like a mature, slow-growing enterprise wearing a risky valuation. I would need either a much lower price or clear evidence of reaccelerating profits before this becomes an attractive investment. For now, patience is better than paying up.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer