Roadzen Inc (RDZN) AI Stock Analysis

• Market Cap: $79.49M
• Dividend Yield: N/A
• Average Volume (3M): 538.86K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.33
• Revenue Growth: 7.74%
• EPS Growth: 54.47%
• Country: US
• Employees: 368
• Sector: Technology
• Sector Strength: 94
• Industry: Software - Application
• EPS (TTM): -0.04
• Shares Outstanding: 74,290,985
• 10 Day Avg. Volume: 290,294
• 30 Day Avg. Volume: 538,857
• PEG Ratio: -0.02
• Price to Book (P/B): -3.11
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.20
• Enterprise Value/Market Cap: 1.22
• Enterprise Value/Revenue: 0.53
• Enterprise Value/Gross Profit: 3.88
• Enterprise Value/Ebitda: -0.23
• 1Y Price Target: $4.00
• Price Target Upside: 273.83% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 44 Neutral
• Price Target: $1.00 ▼(-6.54%Downside)

Roadzen Inc.'s overall score is primarily impacted by weak financial performance. Technical analysis provides mixed signals, and the valuation is unattractive due to persistent losses. The legal proceedings add further risk, contributing to a low overall score.

Positive Factors

Business Expansion

Contract wins and expansion in the U.S. business, including the ability to write insurance as a managing general agent, are seen as additional positives.

Financial Performance

The company's gross margin expanded significantly due to cost rationalization and AI application.

Growth Opportunities

MixtapeAI and drivebuddyAI present significant opportunities for growth and efficiency improvements in India and other markets.

Negative Factors

Capital Requirements

The company ended with $4.8M cash and $22.9M debt and may need to raise capital by F3Q26.

Earnings Performance

The adjusted EBITDA loss was wider than the analyst's estimate.

Revenue Expectations

Revenue missed expectations due to less Indian brokerage activity.

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 Inc generates revenue through a combination of digital insurance platforms, telematics services, and data analytics solutions. The company partners with insurance providers, automotive manufacturers, and fleet operators to offer tailored insurance products and services that leverage telematics data. By utilizing vehicle data analytics, Roadzen helps insurers assess risk more accurately and offer personalized insurance plans. Additionally, Roadzen may earn revenue through licensing its technology platforms and providing consulting services to businesses in the insurance and automotive sectors.

Roadzen Inc Financial Statement Overview

Summary

Roadzen Inc. exhibits revenue growth but suffers from substantial losses, negative margins, and financial instability. Negative equity and persistent cash flow issues further highlight financial distress, necessitating strategic changes for improvement.

Income Statement

Roadzen Inc. exhibits consistent revenue growth, with a significant increase in total revenue over the years. However, the company struggles with profitability, as indicated by negative gross profit margins in earlier years and persistent negative net income. EBIT and EBITDA margins are also negative, highlighting operational inefficiencies and high costs relative to revenue.

Balance Sheet

The balance sheet reveals financial instability, marked by negative stockholders' equity, which has worsened over time. The debt-to-equity ratio is not calculable due to negative equity, indicating a high-risk leverage position. The company’s equity ratio is also negative, further emphasizing the financial distress and potential solvency risks.

Cash Flow

Roadzen Inc. faces challenges with cash flow management, demonstrated by consistent negative free cash flows. The operating cash flow remains negative, indicating difficulties in generating cash from core operations. Free cash flow to net income ratio is unfavorable, reflecting the inability to cover net losses through cash generation.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	44.30M	46.72M	13.56M	9.99M	1.16M
Gross Profit	25.46M	28.59M	8.15M	5.18M	-195.16K
EBITDA	-67.81M	-95.41M	-11.84M	-4.87M	-2.64M
Net Income	-72.87M	-99.67M	-14.02M	-9.74M	-15.64M
Balance Sheet
Total Assets	32.58M	58.14M	15.18M	15.87M	17.09M
Cash, Cash Equivalents and Short-Term Investments	5.03M	40.48M	589.34K	913.64K	4.63M
Total Debt	23.86M	20.08M	8.95M	23.72M	21.48M
Total Liabilities	58.27M	68.64M	66.26M	52.83M	44.20M
Stockholders Equity	-25.07M	-10.07M	-50.85M	-36.88M	-27.10M
Cash Flow
Free Cash Flow	-18.57M	-15.88M	-8.39M	-5.15M	-5.10M
Operating Cash Flow	-18.14M	-15.43M	-7.55M	-4.07M	-4.71M
Investing Cash Flow	-115.62K	-6.71M	-841.36K	-1.15M	-2.80M
Financing Cash Flow	11.74M	21.57M	8.36M	851.94K	-24.19K

Roadzen Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.07
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 1.07 is above the 20-day moving average (MA) of 1.02, above the 50-day MA of 1.00, and below the 200-day MA of 1.18, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.51 is Neutral, neither overbought nor oversold. The STOCH value of 69.28 is Neutral, 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
Sector *	68 Neutral	¥228.97B	14.57	7.50%	2.70%	9.28%	6.70%
FRGE	58 Neutral	$224.62M	―	-27.44%	―	16.03%	30.99%
PSQH	57 Neutral	$109.75M	―	-223.65%	―	221.24%	13.36%
RDZN	44 Neutral	$79.49M	―	64547968.94%	―	7.74%	54.47%
NXTT	44 Neutral	$1.04B	1.05	80.54%	―	-44.58%	1200.82%
SVCO	41 Neutral	$121.07M	―	-127.52%	―	―	―
CSAI	33 Underperform	$32.95M	―	-144.73%	―	―	―

Roadzen Inc Corporate Events

Roadzen Inc Files Lawsuit Against Meteora Capital

On April 17, 2025, Roadzen Inc. filed a lawsuit in Palm Beach County, Florida, against Meteora Capital Partners, LP, alleging a willful breach of a Forward Purchase Agreement signed in August 2023. The lawsuit claims that Meteora sold over 1.8 million shares without fulfilling payment obligations, resulting in damages of approximately $19.5 million. Roadzen’s CEO, Rohan Malhotra, emphasized that the breach undermines transparency and trust in capital markets, and the company is seeking to hold Meteora accountable for its actions.