Info Edge: 99.6x P/E & A Portfolio of Startups – Genius Investor or Overpriced Matrimonial Ad?
At a Glance
Info Edge (Naukri.com’s parent) is the OG of Indian online classifieds, with fingers in every digital pie – jobs, property, matrimony, education, and a venture portfolio spicier than an OTT crime thriller. Yet, beneath the glossy startup aura, returns are limp: ROE 2.7%, ROCE 5.3%, and core profits often propped by ₹1,220 Cr other income. At ₹88,600 Cr market cap and a P/E near 100, it’s like buying a matrimonial profile with great photos but no income details.
Introduction
Info Edge is where your job search, your wedding plans, your house hunt, and your investment dreams meet – and somehow, investors love paying a premium for it. Naukri.com dominates with 74% revenue share, and the company is notorious for investing early in unicorns (Zomato, Policybazaar). This gives it a venture capitalist edge, but also makes earnings swing like a reality show vote count.
The FY25 numbers? Revenue up to ₹2,850 Cr, PAT ₹1,310 Cr, but much of that thanks to other income. Investors? They’re betting not just on recruitment ads, but on Info Edge’s ability to keep picking winners in the startup jungle.
Business Model (WTF Do They Even Do?)
Info Edge isn’t just an online classified company – it’s a digital empire:
