Financial Overview And Growth Analysis

Zerodha is one of the leading discount brokerage firms in India. This platform has a low-cost model and provides users uninterrupted digital experience. Since the company is a successful fintech startup its performance and financials attract the attention of many investors. In the following article, we will dig deeper into Zerodha valuation, revenue, and market cap. Let’s begin!

Zerodha Valuation, Market Cap, Financial Overview

Zerodha Valuation – How Much is the Company Worth?

As Zerodha is an unlisted company its valuation is estimated based on financial performance, profitability, and investor sentiments.

Zerodha’s valuation was estimated at around INR 87,750 crore in 2024 by market analysts. and established the company as one of the highest-valued bootstrapped companies in India. The company has built on its own. It has not raised external funding. Its valuation is based on the business model.

Zerodha Market Cap – Why It Doesn’t Have One?

Unlike companies listed on the stock exchange, Zerodha does not have a market cap because it is a privately held firm. Market capitalization is calculated by multiplying the share price by the total number of outstanding shares. However, if Zerodha were to go public, analysts estimate that its market cap could exceed INR 60,660 crore, given its strong financials and dominance in the discount brokerage sector.

Zerodha Revenue – A Look at Its Impressive Growth

Zerodha reported a revenue of INR 9,372 crore in the financial year 2024 which is a substantial growth from previous years.

Its primary revenue streams include:

Brokerage fees from stock trading and derivatives
Interest income from customer funds
Margin trading facilities (MTF) and allied financial services

Despite offering zero brokerage on equity delivery, its earnings from intraday and F&O trading contribute significantly to revenue.

Zerodha Net Worth – A Financially Sound Startup

In FY 2024, Zerodha’s net worth is estimated to be over INR 5,496 crore, reflecting an 89% increase from the previous year. With a strong cash reserve and zero debt. Unlike many startups that burn cash for growth. Zerodha has remained profitable since its early days, making it one of the most successful bootstrapped businesses in India.

Zerodha Profit – How Much Does It Earn?

The biggest differentiator between Zerodha and other fintech startups is its profitability. While most startups struggle to break even, Zerodha has been consistently profitable for years. In FY 2024, Zerodha reported a net profit of INR 4,700 crore, marking a significant increase from previous years. This impressive profit margin results from its low operational costs and high trading volumes.

What Makes Zerodha Unique?

Zerodha stands out in the Indian brokerage industry for several key reasons:

Discount Brokerage Model – Zero brokerage on delivery, flat INR 20 for intraday and F&O.
Tech-Driven Platforms – Kite (trading), Coin (mutual funds), Varsity (education).
Transparent Pricing – No hidden charges, flat fee structure.
Strong Focus on Education – Free learning resources via Varsity and TradingQnA.
Bootstrapped & Profitable – Self-funded, sustainable business model.
Innovative Investment Products – Smallcase (thematic investing), Streak (algo trading), GoldenPi (bonds).
Industry Leadership – Largest retail stockbroker in India.
Ethical Business Practices – No proprietary trading, strict regulatory compliance.

Conclusion

Zerodha’s valuation, net profits, and revenues are outperforming the industry’s standards and showcase the company’s business efficiency. Zerodha’s success story is reading out loud in the fintech landscape as the company didn’t raise external funds for growth. The company’s growth efficiency makes it a ‘must apply’ candidate if the company will launch an IPO.