Roadzen Inc (RDZN) AI Stock Analysis

• Market Cap: $134.63M
• Dividend Yield: N/A
• Average Volume (3M): 459.74K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.55
• Revenue Growth: 3.42%
• EPS Growth: 93.90%
• Country: US
• Employees: 368
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -0.03
• Shares Outstanding: 79,195,070
• 10 Day Avg. Volume: 830,996
• 30 Day Avg. Volume: 459,739
• PEG Ratio: >-0.01
• Price to Book (P/B): -28.41
• Price to Sales (P/S): 6.13
• P/FCF Ratio: -18.02
• Enterprise Value/Market Cap: 0.63
• Enterprise Value/Revenue: 1.76
• Enterprise Value/Gross Profit: 3.01
• Enterprise Value/Ebitda: -31.49
• 1Y Price Target: $5.00
• Price Target Upside: 194.12% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: $1.50 ▼(-11.76% Downside)

Roadzen Inc.'s overall stock score is primarily driven by its strong technical momentum and positive corporate events, which are offset by weak financial performance and valuation concerns. The company's strategic moves, such as acquisitions and partnerships, provide growth potential, but financial instability and lack of profitability remain significant risks.

Positive Factors

Strategic Acquisition

The acquisition enhances Roadzen's market position by integrating advanced AI and telematics, expanding its footprint in a growing market.

Revenue Growth

Consistent revenue growth indicates strong demand for Roadzen's services, supporting long-term business expansion and market penetration.

Partnerships and Alliances

Strategic partnerships enhance Roadzen's technological capabilities and market reach, fostering innovation and competitive advantage.

Negative Factors

Financial Instability

Financial instability due to negative equity and high leverage could limit growth opportunities and increase vulnerability to economic shifts.

Profitability Concerns

Ongoing profitability issues highlight operational inefficiencies, potentially hindering sustainable growth and investor confidence.

Cash Flow Challenges

Weak cash flow health can strain operations and limit the ability to invest in growth initiatives, affecting long-term viability.

Roadzen Inc Business Overview & Revenue Model

Company Description

RoadZen, lnc. provides an online on-demand roadside assistance services with a network of towing and roadside repair providers in India. The company suite enables Insurers and Automotive OEMs with real-time customer interactions, rapid claims processing, and better risk underwriting services. It also offers services in the areas of towing and removal, battery jumpstart, flat tire support, locked out/lost keys, fuel problems, and roadside assistance. The company was incorporated in 2015 and is based in New Delhi, India.

How the Company Makes Money

Roadzen generates revenue through multiple streams, primarily by offering subscription-based services for its telematics and fleet management platforms. These services provide real-time data and analytics to businesses, allowing them to monitor vehicle performance and driver behavior, thus improving safety and reducing operational costs. Additionally, the company earns revenue from partnerships with insurance providers, offering data-driven insights that enable personalized insurance products and risk assessments. Roadzen also explores opportunities in mobility as a service (MaaS) and collaborates with automotive manufacturers to integrate its technology into vehicles, further expanding its market reach and potential earnings.

Roadzen Inc Financial Statement Overview

Summary

Roadzen Inc. shows significant revenue growth but faces major profitability and financial stability challenges. Negative equity, high leverage, and liquidity issues are critical risks that need addressing.

Income Statement

Roadzen Inc. shows a significant revenue growth in the TTM period, but profitability remains a concern with negative net profit, EBIT, and EBITDA margins. The company is struggling to turn revenue into profit, indicating operational inefficiencies or high costs.

Balance Sheet

The balance sheet reveals a negative stockholders' equity, indicating financial instability. The debt-to-equity ratio is negative, suggesting that liabilities exceed equity, which is a potential risk for creditors and investors. The return on equity is positive but misleading due to negative equity.

Cash Flow

Cash flow analysis shows negative operating and free cash flows, though there is a positive free cash flow to net income ratio. The company is generating cash relative to its net losses, but overall cash flow health is weak, indicating liquidity challenges.

Breakdown	TTM	Dec 2024	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	48.04M	46.72M	44.30M	13.56M	9.99M	1.16M
Gross Profit	28.16M	28.59M	25.46M	8.15M	5.18M	-195.16K
EBITDA	-2.69M	-95.41M	-67.81M	-11.84M	-4.87M	-2.64M
Net Income	-8.77M	-99.67M	-72.87M	-14.02M	-9.74M	-15.64M
Balance Sheet
Total Assets	41.55M	58.14M	32.58M	15.18M	15.87M	17.09M
Cash, Cash Equivalents and Short-Term Investments	5.34M	11.69M	5.03M	589.34K	913.64K	4.63M
Total Debt	24.05M	20.08M	23.86M	8.95M	23.72M	21.48M
Total Liabilities	62.40M	68.64M	58.27M	66.26M	52.83M	44.20M
Stockholders Equity	-26.94M	-10.07M	-25.07M	-50.85M	-36.88M	-27.10M
Cash Flow
Free Cash Flow	-16.67M	-15.88M	-18.57M	-8.39M	-50.07K	-5.10M
Operating Cash Flow	-15.89M	-15.43M	-18.14M	-7.55M	-50.07K	-4.71M
Investing Cash Flow	-1.73M	-6.71M	-115.62K	-841.36K	-204.10M	-2.80M
Financing Cash Flow	15.81M	21.57M	11.74M	8.36M	205.09M	-24.19K

Roadzen Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RDZN, the sentiment is Positive. The current price of 1.7 is above the 20-day moving average (MA) of 1.61, above the 50-day MA of 1.49, and above the 200-day MA of 1.14, indicating a bullish trend. The MACD of 0.07 indicates Positive momentum. The RSI at 59.95 is Neutral, neither overbought nor oversold. The STOCH value of 84.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RDZN.

Roadzen Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NTWK	62 Neutral	$36.10M	75.18	1.40%	―	7.70%	-36.01%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
RDZN	58 Neutral	$134.63M	-14.14	―	―	3.42%	93.90%
YXT	50 Neutral	$46.68M	15.18	―	―	―	―
UPLD	47 Neutral	$42.76M	-0.85	―	―	-15.54%	61.46%
SURG	40 Underperform	$36.19M	―	-313.72%	―	-39.75%	-89.61%
PHUN	37 Underperform	$37.55M	-3.15	-18.69%	―	―	―

Roadzen Inc Corporate Events

Roadzen Inc Enters Securities Purchase Agreement

On November 20, 2025, Roadzen Inc. entered into a securities purchase agreement with an institutional investor to issue and sell junior convertible notes totaling $5,555,555, convertible into ordinary shares. The notes, sold for a gross purchase price of $5,000,000, will mature in 18 months and bear interest at 14% per annum. The issuance is expected to close on November 21, 2025, subject to customary conditions. This move is significant for Roadzen Inc., as it provides a substantial capital influx, potentially impacting its financial operations and market positioning. The agreement includes provisions for note conversion, redemption, and adjustments, with Maxim Group LLC engaged as the placement agent. The transaction is structured to ensure compliance with securities regulations and includes customary indemnifications.

Roadzen Inc Extends Note Maturity with Mizuho Securities

On November 4, 2025, Roadzen Inc. announced an agreement in principle with Mizuho Securities USA LLC to extend the maturity date of its $11.5 million senior secured notes by 18 months to June 30, 2027. This extension, pending definitive agreements and customary conditions, enhances Roadzen’s financial flexibility and strengthens its capital structure. This development follows several strategic milestones, including the validation of its DrivebuddyAI system under Indian and E.U. safety standards, a significant acquisition in the U.S. market, a partnership with Vodafone Automotive, and securing a mandate with a top global automaker. These achievements underscore Roadzen’s growing influence in the AI-driven insurance and mobility sectors.

Roadzen Inc Expands U.S. Presence with Major Acquisition

On October 29, 2025, Roadzen Inc. announced its agreement to acquire majority control of a commercial auto insurance broker, a move that is expected to expand its U.S. footprint significantly. This acquisition, which is non-dilutive for shareholders, is projected to generate over $30 million in annual premiums, with $8 million in annual revenues and a 25% net income margin. The acquisition will enhance Roadzen’s distribution capabilities, add new carrier relationships, and bring in a leadership team with deep expertise in commercial-auto underwriting. The integration with DrivebuddyAI and National Auto Club is expected to create a robust platform in the U.S. commercial auto sector, driving growth to approximately $150 million in Gross Written Premiums within three years.