Hold Matrimony.com; target of Rs 790: ICICI Direct

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ICICI Direct's research report on Matrimony.com

Matrimony.com (Matrimony) is one of the leading providers of online matchmaking services. The company also provides post marriage services. Apart from a common website, the company operates ~300 community matrimony sites and 15 regional matrimony sites • Net debt free and only profitable player among its peers.

Outlook

We maintain HOLD rating on the stock. We value Matrimony at Rs 790 i.e. 22x P/E FY24E EPS.

For all recommendations report, click here

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Matrimony.com - 170822 - icici