Roadzen Inc (RDZN)
NASDAQ:RDZN
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Roadzen Inc
(NASDAQ:RDZN)
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Rating:50Neutral
Price Target:
$2.00
▼(-13.79% Downside)
Action:Reiterated
Date:05/05/26
The score is held down primarily by weak financial performance (large losses, ongoing cash burn, and negative equity). Offsetting factors include strong technical momentum and positive corporate developments (notably a potentially meaningful insurer contract), while valuation is constrained by negative earnings and no stated dividend yield.
Positive Factors
High Gross Margins and Revenue Growth
Sustained high gross margins (~61%) combined with very strong TTM revenue growth indicate attractive unit economics. If Roadzen can scale revenue, these margins provide structural room to absorb fixed costs and move toward durable profitability as operating leverage kicks in over the next 2-6 months.
Negative Factors
Persistent Losses and Negative Equity
Persistent operating and net losses with negative shareholders' equity signal ongoing solvency and flexibility risks. Continued negative cash generation forces reliance on external financing, raising the risk of dilution or constrained strategic choices and limiting the company's ability to self-fund growth over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margins and Revenue Growth
Sustained high gross margins (~61%) combined with very strong TTM revenue growth indicate attractive unit economics. If Roadzen can scale revenue, these margins provide structural room to absorb fixed costs and move toward durable profitability as operating leverage kicks in over the next 2-6 months.
Read all positive factors
Roadzen Inc (RDZN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$157.83M
Dividend YieldN/A
Average Volume (3M)459.74K
Price to Earnings (P/E)―
Beta (1Y)1.63
Revenue Growth17.28%
EPS Growth87.19%
CountryUS
Employees368
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.20
Shares Outstanding84,401,540
10 Day Avg. Volume830,996
30 Day Avg. Volume459,739
Financial Highlights & Ratios
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 Cap8.78K
Enterprise Value/Revenue27.55K
Enterprise Value/Gross Profit45.67K
Enterprise Value/Ebitda-391.73K
Forecast
1Y Price Target
$5.00Price Target Upside115.52% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.05
Revenue Forecast (FY)$88.00M
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 proc...
How the Company Makes Money
null...
Roadzen Inc Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
15
Very Negative
| Breakdown | TTM | Jun 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 50.30M | 44.30M | 13.56M | 9.99M | 1.16M |
| Gross Profit | 30.34M | 25.46M | 8.15M | 5.18M | -195.16K |
| EBITDA | -3.54M | -67.81M | -11.84M | -4.87M | -2.64M |
| Net Income | -15.40M | -72.87M | -14.02M | -9.74M | -15.64M |
Balance Sheet | |||||
| Total Assets | 44.87T | 32.58M | 15.18M | 15.87M | 17.09M |
| Cash, Cash Equivalents and Short-Term Investments | 5.14T | 5.03M | 589.34K | 913.64K | 4.63M |
| Total Debt | 6.53T | 23.86M | 8.95M | 23.72M | 21.48M |
| Total Liabilities | 68.95T | 58.27M | 66.26M | 52.83M | 44.20M |
| Stockholders Equity | -26.60T | -25.07M | -50.85M | -36.88M | -27.10M |
Cash Flow | |||||
| Free Cash Flow | -21.38M | -18.57M | -8.39M | -5.15M | -5.10M |
| Operating Cash Flow | -20.18M | -18.14M | -7.55M | -4.07M | -4.71M |
| Investing Cash Flow | -2.25M | -115.62K | -841.36K | -1.15M | -2.80M |
| Financing Cash Flow | 20.48M | 11.74M | 8.36M | 851.94K | -24.19K |
Roadzen Inc Technical Analysis
Positive
2.32
Price Trends
1.48
Positive
1.52
Positive
1.44
Positive
Market Momentum
0.10
Positive
58.21
Neutral
54.73
Neutral
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 2.32 is above the 20-day moving average (MA) of 1.85, above the 50-day MA of 1.48, and above the 200-day MA of 1.44, indicating a bullish trend. The MACD of 0.10 indicates Positive momentum. The RSI at 58.21 is Neutral, neither overbought nor oversold. The STOCH value of 54.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RDZN.
Roadzen Inc Risk Analysis
Roadzen Inc disclosed 88 risk factors in its most recent earnings report. Roadzen Inc reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Roadzen Inc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $55.34M | 31.20 | 4.81% | ― | 12.37% | 615.79% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
50 Neutral | $157.83M | -9.62 | <0.01% | ― | 17.28% | 87.19% | |
49 Neutral | $26.13M | -1.84 | -76.27% | ― | -24.58% | 59.16% | |
49 Neutral | $41.30M | -3.77 | -11.23% | ― | -18.57% | 38.84% | |
44 Neutral | $14.24M | ― | 356.16% | ― | 55.81% | 30.17% | |
44 Neutral | $25.47M | -1.46 | -97.07% | ― | ― | ― |
* Technology Sector Average
RDZN
Roadzen Inc
1.88
0.90
91.84%
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Roadzen Inc Corporate Events
Business Operations and StrategyFinancial Disclosures
Roadzen’s VehicleCare Wins Major Indian Insurer Claims Contract
Positive
Apr 28, 2026
On April 27, 2026, Roadzen’s India-based subsidiary VehicleCare, which operates the AutoSpace workshop management software, was chosen under contract by one of India’s largest general insurers to handle auto insurance claims across its...
Business Operations and StrategyFinancial Disclosures
Roadzen Targets Rapid Revenue Growth and EBITDA Breakeven
Positive
Apr 10, 2026
On April 7, 2026, Roadzen Inc. told investors at the Maxim Group “Powering the AI Revolution” Virtual Conference that it is operating at an annualized revenue run rate of about $60 million and is targeting roughly $100 million within s...
Executive/Board ChangesShareholder Meetings
Roadzen Shareholders Approve Directors and Auditor at AGM
Positive
Apr 1, 2026
On March 31, 2026, Roadzen Inc. held its Annual General Meeting of Shareholders, with approximately 68.36% of the 79,663,984 eligible ordinary shares represented in person or by proxy. Shareholders approved the election of six directors, including...
Executive/Board Changes
Roadzen announces board change with director resignation
Neutral
Mar 12, 2026
Effective March 11, 2026, Roadzen Inc. announced that Ajay Shah resigned from its board of directors, marking a change in the company’s governance lineup. The company publicly expressed appreciation for Shah’s service on the board, sig...
Business Operations and StrategyPrivate Placements and Financing
Roadzen Amends Notes, Reschedules Payments and Financing Rights
Neutral
Feb 26, 2026
On February 25, 2026, Roadzen Inc. entered into a Second Amendment with an institutional investor to revise a previously agreed Securities Purchase Agreement and junior convertible notes originally issued in November 2025. The amendment changes th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.