Matrimony.com Ltd. (MATRIMONY) AI Stock Analysis

• Market Cap: ₹8.78B
• Dividend Yield: 1.88%
• Average Volume (3M): 2.60K
• Price to Earnings (P/E): 34.6
• Beta (1Y): 0.65
• Revenue Growth: -4.85%
• EPS Growth: -29.49%
• Country: IN
• Employees: 2,713
• Sector: Services
• Sector Strength: N/A
• Industry: Internet Content & Information
• EPS (TTM): 3.85
• Shares Outstanding: 20,670,294
• 10 Day Avg. Volume: 351
• 30 Day Avg. Volume: 2,598
• PEG Ratio: -3.42
• Price to Book (P/B): 4.87
• Price to Sales (P/S): 2.58
• P/FCF Ratio: 26.73
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: ₹433.00 ▼(-21.32% Downside)
• Action: Reiterated Date: 01/31/26
• Date: Action: Reiterated 01/31/26

The score is primarily supported by stable underlying financial performance (healthy margins and cash flow), but capped by weaker technical positioning versus key moving averages and a relatively expensive valuation (high P/E with only a modest dividend yield).

Positive Factors

Gross margin strength

Sustained strong gross margins indicate the company retains pricing power and manages direct costs effectively in its digital matchmaking business. Durable margin advantage supports long-term profitability, funds product development and marketing, and cushions against cyclical revenue weakness.

Cash generation and conversion

Reliable operating cash flow conversion signals that reported profits translate into real cash, improving financial flexibility. This durable cash generation reduces dependence on external financing, supports capex or shareholder returns, and helps navigate intermittent revenue dips.

Recurring subscription business model

A subscription-first marketplace with ancillary ad and services revenue creates recurring, predictable cash flows and customer lock-in. Multi-product monetization across communities diversifies revenue and supports steady lifetime value, a structural advantage for long-term stability.

Negative Factors

Modest / negative revenue trend

A negative revenue growth rate suggests top-line pressure that can erode operating leverage over time. If revenue contraction persists, it limits reinvestment capacity, compresses margins, and makes it harder to scale sales and marketing investments needed to regain momentum.

Earnings volatility / EPS decline

A sharp drop in EPS indicates profit volatility and potential non-operational or margin pressures. Persistent EPS declines reduce retained earnings, constrain strategic investments, and may limit buffer for competitive responses or product development over multiple quarters.

Moderate financial leverage

Moderate leverage increases sensitivity to revenue or margin shocks, raising refinancing and interest-cost risks. In a slower-growth scenario the debt burden can limit flexibility for acquisitions or R&D and amplify downside to shareholder returns during downturns.

Matrimony.com Ltd. Business Overview & Revenue Model

Company Description

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, BihariMatrimony.com, GujaratiMatrimony.com, HindiMatrimony.com, KannadaMatrimony.com, KeralaMatrimony.com, MarathiMatrimony.com, MarwadiMatrimony.com, OriyaMatrimony.com, PunjabiMatrimony.com, RajasthaniMatrinomy.com, SindhiMatrimony.com, TamilMatrimony.com, TeluguMatrimony.com, UrduMatrimony.com, and ParsiMatrimony.com. It also operates regional matrimonial sites through MuslimMatrimony.com, ChristianMatrimony.com, SikhMatrimony.com, JainMatrimony.com, and BuddhistMatrimony.com; and offers social services through BharatBloodBank.com, BharatEyeBank.org, AbilityMatrimony.com, and HappyMarriages.com. In addition, it operates community based sites, such as CommunityMatrimony.com; and EliteMatrimony.com, DivorceeMatrimony.com, ManglikMatrimony.com, and DefenceMatrimony.com. Further, it operates Weddingbazaar.com and Mandap.com to provide related matrimony services that include wedding planners, venues, cards, and caterers, as well as mandap services. The company operates through 12 branch offices, 3 business centres, and 115 retail outlets. Matrimony.com Limited was founded in 1997 and is based in Chennai, India.

How the Company Makes Money

Matrimony.com primarily makes money by charging users for paid subscriptions (often referred to as “paid memberships”) that unlock premium features on its matchmaking platforms. These subscriptions typically provide enhanced contact and communication capabilities (e.g., initiating or viewing contact details/messages), improved discovery and visibility tools (such as profile highlighting/boosting and other paid add-ons), and/or access to curated or assisted services depending on the membership tier. In addition to subscription income, the company generates revenue from advertising and marketing placements sold on its digital properties (e.g., display advertising or sponsored listings), and from ancillary services sold to users around the marriage journey (specific categories and contribution: null). Significant partnerships or revenue-share arrangements: null.

Matrimony.com Ltd. Financial Statement Overview

Summary

Financials appear stable: strong gross margins and solid cash conversion support profitability quality, but modest revenue growth, some net margin pressure, and only average balance-sheet returns keep the score in the upper-middle range.

Income Statement

Matrimony.com Ltd. demonstrates a strong Gross Profit Margin, indicating efficient cost management leading to profitability. However, the Net Profit Margin has seen fluctuations and a slight decline, pointing to potential challenges in controlling non-operational expenses. Revenue growth has been modest, showing stability but lacking significant upward momentum. The EBIT and EBITDA margins suggest a stable operational performance, although there's room for improvement in EBIT efficiency.

Balance Sheet

The company maintains a healthy Equity Ratio, suggesting a strong asset base relative to its liabilities. However, the Debt-to-Equity Ratio indicates a moderate level of leverage, which could pose risks if not managed carefully. Return on Equity has been consistent but not exceptional, reflecting stable but unspectacular returns for shareholders.

Cash Flow

Matrimony.com Ltd. has demonstrated a solid Operating Cash Flow to Net Income Ratio, indicating effective cash generation from its operations. Free Cash Flow growth has been variable, showing potential but also pointing to periods of increased capital expenditure. The Free Cash Flow to Net Income Ratio is healthy, indicating good cash conversion from profits.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	4.50B	4.56B	4.81B	4.56B	4.34B	3.78B
Gross Profit	4.14B	3.14B	2.98B	2.68B	2.65B	2.18B
EBITDA	649.85M	582.70M	982.90M	918.20M	1.05B	849.87M
Net Income	343.10M	452.80M	495.50M	466.70M	535.91M	407.74M
Balance Sheet
Total Assets	4.67B	4.61B	5.02B	4.66B	5.22B	4.53B
Cash, Cash Equivalents and Short-Term Investments	3.18B	1.61B	3.37B	3.03B	3.13B	2.75B
Total Debt	551.80M	534.90M	579.90M	679.86M	693.34M	597.11M
Total Liabilities	2.20B	2.19B	2.10B	2.11B	2.12B	1.89B
Stockholders Equity	2.47B	2.42B	2.92B	2.53B	3.10B	2.63B
Cash Flow
Free Cash Flow	235.50M	440.40M	413.80M	507.13M	697.91M	600.59M
Operating Cash Flow	288.70M	568.60M	612.00M	571.90M	775.15M	701.28M
Investing Cash Flow	-83.80M	574.80M	-326.80M	666.82M	-525.78M	-429.20M
Financing Cash Flow	-317.80M	-1.04B	-291.70M	-1.25B	-244.12M	-227.21M

Matrimony.com Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 550.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MATRIMONY, the sentiment is Negative. The current price of 550.35 is above the 20-day moving average (MA) of 412.02, above the 50-day MA of 488.42, and above the 200-day MA of 508.97, indicating a bearish trend. The MACD of -23.56 indicates Negative momentum. The RSI at 40.66 is Neutral, neither overbought nor oversold. The STOCH value of 82.36 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MATRIMONY.

Matrimony.com Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UFO	70 Outperform	₹2.46B	12.58	―	―	5.07%	409.07%
MATRIMONY	62 Neutral	₹8.78B	34.55	―	1.88%	-4.85%	-29.49%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
RADIOCITY	49 Neutral	₹1.81B	15.77	―	―	-12.75%	-809.36%
RAJTV	48 Neutral	₹1.93B	1,020.62	―	―	―	―
CCHHL	42 Neutral	₹2.03B	-47.72	―	―	45.17%	―

Matrimony.com Ltd. Corporate Events

Matrimony.com Completes ₹58.5 Crore Share Buyback via Tender Offer

Matrimony.com Ltd. has completed a buyback of 893,129 fully paid equity shares with a face value of ₹5 each from shareholders of record as of January 30, 2026, via a tender offer through the stock exchange mechanism. The shares were repurchased at ₹655 per share for a total consideration capped at ₹5,850 lakh, excluding transaction costs and taxes, and the company has issued a post-buyback public announcement in national and regional newspapers, signaling formal closure and regulatory compliance of the capital-return exercise.

The transaction reduces the company’s equity base and may enhance earnings per share and shareholder value, while underscoring management’s willingness to return surplus cash to investors. By executing the buyback under SEBI’s Buyback and Listing Regulations and widely publishing the post-buyback disclosure, Matrimony.com reinforces its governance standards and transparency for stakeholders in India’s listed internet-services space.

Matrimony.com Publishes Postal Ballot Notice in Line with SEBI Disclosure Norms

Matrimony.com Limited has notified the stock exchange that it has published a postal ballot notice in the national daily Financial Express and the Tamil regional daily Makkal Kural on 20 December 2025, in compliance with Regulation 47 of SEBI’s Listing Obligations and Disclosure Requirements. The disclosure underscores the company’s adherence to regulatory norms and its use of postal ballots to seek shareholder approval on corporate matters, reinforcing transparency and formal shareholder communication processes for investors and other stakeholders.