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Roadzen Inc
(NASDAQ:RDZN)
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Rating:45Neutral
Price Target:
$1.00
▼(-56.90% Downside)
Action:Reiterated
Date:07/10/26
The score is held down primarily by weak financial fundamentals—heavy losses, cash burn, and negative equity—plus a technically bearish trend. Positive corporate developments and an oversold technical setup provide some support, but valuation remains hard to justify given negative earnings and no dividend.
Positive Factors
Revenue & Gross Margin
Sustained top-line growth with roughly 60% gross margins suggests healthy unit economics and scalable revenue per customer. Over 2–6 months this supports improved operating leverage as volumes rise, enabling the business to progress toward margin expansion if operating losses are controlled.
Negative Factors
Negative Shareholders' Equity
Persistent negative equity reflects accumulated losses and a thin capital cushion, reducing financial flexibility. Over months this elevates refinancing and covenant risk, making it harder to absorb shocks or invest aggressively without recurring external funding or dilutive repairs to the capital structure.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Gross Margin
Sustained top-line growth with roughly 60% gross margins suggests healthy unit economics and scalable revenue per customer. Over 2–6 months this supports improved operating leverage as volumes rise, enabling the business to progress toward margin expansion if operating losses are controlled.
Read all positive factors
Roadzen Inc (RDZN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$99.78M
Dividend YieldN/A
Average Volume (3M)459.74K
Price to Earnings (P/E)―
Beta (1Y)1.59
Revenue Growth24.21%
EPS Growth72.85%
CountryUS
Employees459
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.29
Shares Outstanding84,562,610
10 Day Avg. Volume830,996
30 Day Avg. Volume459,739
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)-2.77
Price to Sales (P/S)1.49
P/FCF Ratio>-0.01
Enterprise Value/Market Cap1.59
Enterprise Value/Revenue2.89
Enterprise Value/Gross Profit4.91
Enterprise Value/Ebitda-11.77
Forecast
1Y Price Target
$5.00Price Target Upside115.52% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.06
Revenue Forecast (FY)$88.00M
Roadzen Inc Business Overview & Revenue Model
Company Description
Roadzen, Inc. delivers an online, on-demand roadside assistance service throughout India, supported by an extensive network of towing and vehicle repair professionals. The company's advanced software suite equips insurance providers and automotive...
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 | Mar 2026 | Jun 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 55.02M | 46.72M | 13.56M | 9.99M | 1.16M |
| Gross Profit | 31.50M | 28.59M | 8.15M | 5.18M | -195.16K |
| EBITDA | -13.50M | -95.41M | -11.84M | -8.37M | -2.64M |
| Net Income | -22.52M | -99.67M | -14.02M | -9.74M | -15.64M |
Balance Sheet | |||||
| Total Assets | 52.66M | 58.14M | 15.18M | 15.87M | 17.09M |
| Cash, Cash Equivalents and Short-Term Investments | 6.58T | 11.69M | 589.34K | 913.64K | 4.63M |
| Total Debt | 34.31M | 20.08M | 8.95M | 23.72M | 21.48M |
| Total Liabilities | 79.18M | 68.64M | 66.26M | 52.83M | 44.20M |
| Stockholders Equity | -29.65M | -10.07M | -50.85M | -36.88M | -27.10M |
Cash Flow | |||||
| Free Cash Flow | -21.28T | -19.67M | -8.39M | -5.15M | -5.10M |
| Operating Cash Flow | -20.27T | -19.22M | -7.55M | -4.07M | -4.71M |
| Investing Cash Flow | -896.81K | -6.71M | -841.36K | -1.15M | -2.80M |
| Financing Cash Flow | 21.44M | 25.36M | 8.36M | 851.94K | -24.19K |
Roadzen Inc Technical Analysis
Negative
2.32
Price Trends
1.68
Negative
1.45
Negative
1.52
Negative
Market Momentum
-0.13
Positive
32.52
Neutral
7.93
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RDZN, the sentiment is Negative. The current price of 2.32 is above the 20-day moving average (MA) of 1.43, above the 50-day MA of 1.68, and above the 200-day MA of 1.52, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 32.52 is Neutral, neither overbought nor oversold. The STOCH value of 7.93 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | $51.66M | 28.83 | 4.81% | ― | 12.37% | 615.79% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
49 Neutral | $43.14M | -4.05 | -11.23% | ― | -18.57% | 38.84% | |
45 Neutral | $99.78M | -4.06 | 57.73% | ― | 24.21% | 72.85% | |
45 Neutral | $8.41M | -0.17 | 356.16% | ― | 55.81% | 30.17% | |
43 Neutral | $14.59M | -0.71 | -29.25% | ― | -24.58% | 59.16% | |
43 Neutral | $20.01M | -0.87 | -97.07% | ― | ― | ― |
* Technology Sector Average
RDZN
Roadzen Inc
1.19
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Roadzen Inc Corporate Events
Business Operations and StrategyM&A Transactions
Roadzen to Acquire European Car Rental Insurance Platform
Positive
Jul 9, 2026
On July 3, 2026, Roadzen’s India subsidiary, Roadzen Technologies Limited, agreed to acquire Riverside International Holdings, a European managing general agent specializing in short-term car rental insurance, for up to £12 million, hal...
Business Operations and StrategyPrivate Placements and Financing
Roadzen Amends Convertible Notes, Extends Payment Obligations
Positive
May 22, 2026
On May 22, 2026, Roadzen Inc. agreed a Third Amendment with an institutional investor, revising the terms of its November 2025 and January 2026 junior convertible notes and the related securities purchase agreement. The changes push instalment pay...
Business Operations and StrategyProduct-Related Announcements
Roadzen Partners with Anthropic to Launch Insurance AI Agents
Positive
May 7, 2026
On May 6, 2026, Roadzen Inc. disclosed that it is a beta testing partner of Anthropic PBC for the launch of Anthropic’s Managed Agents Platform, which entered public beta the same day, and that it was among a small group of pre-launch partne...
Business Operations and StrategyPrivate Placements and Financing
Roadzen Announces $8 Million Registered Direct Equity Offering
Positive
May 5, 2026
On May 4, 2026, Roadzen Inc. entered into a securities purchase agreement with institutional investors and a placement agency agreement with Maxim Group LLC for a registered direct offering of 4,705,870 ordinary shares at $1.70 per share, with the...
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...
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.