Minerva Capital Research Solutions

Eternal

NSE: ETERNALBSE: 543320
Compare with peers
₹ 326.00▼ 5 (−1.51%)28 Oct, 03:28 pm IST
Market cap
₹ 3,05,916 Cr.
P/E
620.5x
P/B
9.04x
52-week range
212.6 – 344.4
ROE
0%
ROCE
2%
Dividend yield
0%
Debt / equity
0.15
Sector
Retailing
Industry
E-Retail/ E-Commerce
Listed on
NSE, BSE

About

Eternal Limited, formerly Zomato Limited, operates as an Internet portal that helps in connecting the users, restaurant partners/third-party merchants and the delivery partners. It consists of four major businesses: Zomato, Blinkit, District, and Hyperpure. It also provides a platform for restaurant partners/brands to advertise themselves and supply ingredients to restaurant partners. Its India food ordering and delivery segment consists of an online marketplace platform through which it facilitates the listing and online ordering of food items and the delivery of these food items by connecting end users, restaurant partners and delivery partners. Its Hyperpure supplies (B2B business) segment offers farm-to-fork supplies for restaurants. Its quick commerce segment consists of an online marketplace platform (Marketplace), which enables listing of items sold on the Marketplace by the sellers. Its going-out segment is a combination of its dining-out and entertainment ticketing business.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

E-Retail/ E-Commerce: 22 companies →

Eternal against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)620.5 against a typical 36.9: pricier than most peers (1st = cheapest).21st of 21
  • Sales growth+77.6% against a typical +32.6% from a year earlier.4th of 18
  • Profit growth+92.3% against a typical +11% from a year earlier.2nd of 11
  • Share price, 3 months+6.2% against a typical −2.2%.6th of 19
  • Size₹ 3,05,916.1 Cr. market value against a typical ₹ 186.5 Cr. (1st = largest).1st of 20

Latest announcements

Exchange filings and their impact on the company.

  • 27 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesMedium impactPositivePrice −1.5% so far today
    Blinkit to reaccelerate with aggressive tier-2 store doubling while food margins stay flat to fund growth.

    Eternal filed the transcript of its Q2FY27 earnings call held on October 21. Management said food delivery competition rose but it will keep margins broadly flat for 1-2 years and reinvest surplus into growth, while Blinkit will sharply accelerate dark-store additions focused on smaller cities where paybacks are very strong. It expects Blinkit NOV growth to pick up from the December quarter with no near-term margin hit, maintained its USD 1 billion FY29 Adjusted EBITDA guidance, and said the new dark.ai LLM remains pre-launch with immaterial cost.

    Filing
  • 21 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice −2.5% that day
    Q2 revenue up 78% YoY to Rs 24,138 crore with profit doubling as Quick commerce turned sharply profitable.

    Eternal reported Q2 FY27 consolidated revenue of Rs 24,138 crore versus Rs 13,590 crore last year, with profit after tax of Rs 125 crore versus Rs 65 crore. Quick commerce revenue nearly doubled to Rs 19,152 crore with segment profit of Rs 488 crore. The board also approved shifting the Going-out India business with Rs 587 crore revenue to wholly-owned ZEPL for Rs 130.76 crore cash as an internal restructuring, and swapping its Rs 112 crore Adonmo stake for a 4.4% stake in merged Mygate valued at Rs 156 crore.

    Filing

Board meetings

Results dates and other board meetings. Full calendar

Details
21 Oct 2026Financial ResultsEternal Limited has informed the exchange that the meeting of the Board of Directors of the Company is scheduled on October 21, 2026, inter-alia, to consider and approve un-audited financial results for the quarter and half year ended September 30, 2026.
22 Jul 2026Financial ResultsEternal Limited has informed the exchange about Board Meeting to be held on 22-July-2026, inter alia, to consider and approve the unaudited financial results of the Company for the quarter ended June 30, 2026.
28 Apr 2026Financial ResultsEternal Limited has informed the Exchange about Board Meeting to be held on 28-April-2026 to inter-alia consider and approve the Audited Financial results of the Company for the year ended on March 31, 2026.
21 Jan 2026Financial ResultsEternal Limited has informed the exchange that the meeting of the Board of Directors of the Company is scheduled on 21/01/2026, inter-alia, to consider and approve unaudited financial results for the quarter and nine months ended December 31, 2025
16 Oct 2025Financial ResultsTo consider and approve the unaudited financial results of the Company for the quarter and half year ended September 30, 2025
21 Jul 2025Financial ResultsEternal Limited has informed the exchange that the meeting of the Board of Directors of the Company is scheduled on July 21, 2025, inter alia, to consider and approve the unaudited financial results for the quarter ended June 30, 2025.

Share price

1Y change −2.31%
0 of 2 filing days came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales3,2883,5624,2064,7995,4055,8337,16713,59016,31517,29220,21124,138
Expenses3,2373,4764,0294,5735,2435,7617,05213,35115,94716,80619,61723,386
Operating Profit518617722616272115239368486594752
OPM %1.6%2.4%4.2%4.7%3%1.2%1.6%1.8%2.3%2.8%2.9%3.1%
Other Income219235236221252368354352348342375351
Interest1820253043566786107132151155
Depreciation128140149180247287314376439468546625
Profit before tax1241612392371249788129170228272323
Tax %−11%−9%−6%26%52%60%72%50%40%24%66%61%
Net Profit1381752531765939256510217492125
EPS in Rs0.160.20.290.20.060.040.030.070.110.180.10.13

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
—
5 Years
94%
3 Years
97%
TTM
144%
Compounded Profit Growth
10 Years
—
5 Years
17%
3 Years
28%
TTM
162%
Stock Price CAGR
10 Years
—
5 Years
19%
3 Years
44%
TTM
—
Return on Equity
10 Years
—
5 Years
−2%
3 Years
1%
TTM
—

Shareholding

Latest: Sep 2026.

FIIs
33.01%
−6.03 pts in a year
DIIs
36.22%
+6.18 pts in a year
Government
0%
−0.1 pts in a year
Public
26.26%
+1.14 pts in a year
Others
4.53%
−1.18 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 620.5xEPS (12 months) ₹ 0.51Median P/E 629.8x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Eternal₹ 326.00₹ 3,05,916 Cr.620.5x9x0%—
Wipro₹ 189.75₹ 1,87,946 Cr.13.6x2.1x16.1%14%
Info Edge (India)₹ 1,184.60₹ 76,812 Cr.44x2x4%53.7%
Tata Technologies₹ 656.85₹ 26,672 Cr.49.3x7.8x—9.4%
Netweb Technologies India₹ 4,343.00₹ 25,818 Cr.116.9x33.4x32.8%9.4%
Firstsource Solutions₹ 292.55₹ 19,667 Cr.24.3x4.2x15.9%7.1%

Management

Albinder Singh Dhindsa
Chief Executive Officer
Akshant Goyal
Chief Financial Officer
Sandhya Sethia
Company Secretary and Compliance Officer

Prices are delayed and for information only. Nothing on this page is investment advice.