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Just Dial must rethink its ambition of becoming a super app. It needs a viable business model.

The Just Dial stock has crashed in the past six years. The search engine has found building a super app tough, and Google and many startups have made strong inroads into its different business segments. Still, many analysts remain upbeat on the stock. Just Dial is debt-free, profit-making, and maintains healthy cash. Its foray into smaller towns is a success.
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19 Jun 2020 13 Mins Read 3 comments
VSS Mani, founder and managing director of Just Dial at his office in Mumbai Getty Images
VSS Mani, founder and managing director of Just Dial at his office in Mumbai
Just Dial was India's most valuable consumer Internet company at one point, but has fallen out of favour with investors in recent years. It has slipped around 80% from its peak in August 2014 and now has a market capitalisation of INR2,480 crore, and a price-earnings ratio (PE) of over 7. The current valuation is despite the
of cash to shareholders by way of buybacks and dividends and I think once the market is convinced that the growth longevity is there, then there is no reason for the valuations to remain as subdued as they are today,” he adds. All, then, may not be lost for Just Dial. ( Graphics by Mohammad Arshad)
Just Dial was India's most valuable consumer Internet company at one point, but has fallen out of favour with investors in recent years. It has slipped around 80% from its peak in August 2014 and now has a market capitalisation of INR2,480 crore, and a price-earnings ratio (PE) of over 7. The current valuation is despite the of cash to shareholders by way of buybacks and dividends and I think once the market is convinced that the growth longevity is there, then there is no reason for the valuations to remain as subdued as they are today,” he adds. All, then, may not be lost for Just Dial. ( Graphics by Mohammad Arshad)

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