Zerodha Valued At $3.6 Bn, Reveals CEO Nithin Kamath

Nikhil Kamath/Twitter

Nithin Kamath, the Founder of Zerodha, said in a post on the microblogging platform X (formerly Twitter) that Zerodha’s value in recent buybacks is around Rs 30,000 crore, which is approximately USD 3.6 billion. The bootstrapped startup has recorded a total income of Rs 6,875 crore in the fiscal year (FY) 2023, showing a 38 per cent increase compared to the previous year’s income of Rs 4,964 crore.

On the backdrop of strong growth in business, Zerodha’s net profit jumped 39 per cent to Rs 2,907 crore in FY23 from Rs 2,094.3 crore in FY22.

Kamath said, “So if 10 to 15 per cent is the long-term growth, we value ourselves in the range of 10 to 15 times our earnings (PAT). At the lower end when near bull market highs. This is how we have been valuing ourselves for all buybacks (founders and team) for a while now. So about Rs 30,000 crore and not the Rs one lakh to Rs two lakh crore some folks online were guesstimating.”

Recently, Zerodha said that it had recorded a total income of Rs 6,875 crore during the FY23. It is an increase of 38 per cent from Rs 4,964 crore in the previous fiscal year.

Zerodha, earns money by selling brokerage services, onboarding new users and offering premium technology products like the Kite Connect API. Zerodha’s net profit increased by 39 per cent to Rs 2,907 crores in FY22 from Rs 2,094.3 crore.

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