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ETERNAL · NSE · E-Retail/ E-Commerce

Eternal Ltd

What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Technology
No valuation view.No view: a loss-maker (growth stage), so earnings multiples do not apply.
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is Eternal's share price today?

Eternal last traded at ₹323.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.1% on the day, down 7.2% over a year. Its 52-week range is ₹213 to ₹368. The live price is in the app.

₹323.00 −0.1% today
−7.2% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range71% of the way up
Low ₹213High ₹368

What is Eternal's market cap?

Eternal's market capitalisation is about ₹3.12 lakh crore: what it would cost to buy every share at today's price. That makes it the 25th largest large cap company we cover.

₹3.1 L Cr Large Cap25th largest large cap company
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: ETERNAL
ISIN
INE758T01015
Cap bucket
Large Cap, 25th largest by market cap
Industry (NSE)
Consumer Discretionary › Consumer Services › Retailing › E-Retail/ E-Commerce
Listed since
2021
Futures and options
Traded

Is Eternal overvalued?

No valuation view yet. No view: a loss-maker (growth stage), so earnings multiples do not apply.

Valuation

Latest price and trailing 12 months
P/E 688.19
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 5.68
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹3.12 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield Not available
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) Not available
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth Not available
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
2 models could be judged
Skipped — Fair value: no fair value; EPV: no positive operating profit; Graham number: no positive book value; Graham value: not in the valuation; Lynch: no positive earnings growth; Owner earnings: owner earnings negative or capex unknown; P/E vs own history: 60 of 36 months of P/E history

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is Eternal a quality business?

Distressed or declining; quality score 41.5; WATCH on 26 of 30 flags judged.

Quality and risk

Data as of 12 Oct 2026
Business quality Distressed or declining
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 41.5
among 9 companies
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level WATCH
26 of 30 flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Profitability

ROE 7.3%
Return on equity: profit as a share of shareholders' money. Learn more →
ROCE 8.2%
Return on capital employed: operating profit as a share of all the capital in the business, debt and equity. Learn more →
Profit margin 0.6%
vs peers 5.4% · 7th of 9
Profit after everything, as a share of revenue. Learn more →
EPS ₹0.40
Trailing 12 months
Profit for each share over the last 12 months.

Scorecard

🔒 Pro
Health scores and red flags with their values and history: in the app.
See the scorecard →
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Has Eternal made money for shareholders?

Not over these periods: −7.2% over one year.

Shareholder returns

1-year return −7.2%
Price only
What the share price did over the last 12 months. Learn more →
5-year return Not available
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer Not available
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
+0.8%
1M
+2.6%
3M
+13.4%
6M
+36.9%
1Y
−7.2%
3Y
—
5Y
—
— not available

Is Eternal growing?

Revenue 3 years 93.0% a year; revenue 5 years 92.3% a year. History break: FY2022 step year (revenue +137%, shares +268%) in the 5-year growth figures.

Growth

Statements through FY2026 (Mar-26)
Revenue 3 years 93.0% a year
vs peers 27.7% · 1st of 9
Compound annual growth of revenue over three years. Learn more →
Profit 3 years Not available
Compound annual growth of net profit over three years. Learn more →
Revenue 5 years 92.3% a year
Compound annual growth of revenue over five years. Learn more →
History break: FY2022 step year (revenue +137%, shares +268%) in the 5-year growth figures.
Profit 5 years Not available
Compound annual growth of net profit over five years. Learn more →
History break: FY2022 step year (revenue +137%, shares +268%) in the 5-year growth figures.
EPS 3 years Not available
Growth in earnings per share, so dilution counts against the company. Learn more →
EPS 5 years Not available
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
History break: FY2022 step year (revenue +137%, shares +268%) in the 5-year growth figures.
P/E vs own history Not available
Today's P/E against its own 5-year median; negative is cheaper than its history. Learn more →
History break: FY2022 step year (revenue +137%, shares +268%) in the 5-year growth figures.

How did Eternal do last quarter?

Eternal reported revenue of ₹20,211 Cr, up 168.6% on a year earlier and a net profit of ₹92 Cr, down 30.6% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Revenue, latest quarter₹20,211 Cr
+168.6% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹92 Cr
−30.6% on a year earlier
What was left for shareholders after every cost and tax.

How does Eternal compare with its peers?

Compared with 8 Retailing (the industry, as the basic industry was too small); the ranks are in the app.

Compared with 8 Retailing (the industry, as the basic industry was too small)

8 companies

Eternal against its peers

Largest 8 of 8 peers, by market cap
CompanyMarket capP/EP/BROEROCE1YQuality 🔒Rank 🔒
Eternal Ltd₹3.1 L Cr688.25.77.3%8.2%−7.2%
Avenue Supermarts Ltd₹2.3 L Cr73.510.113.5%17.5%−16.3%
Trent Ltd₹1.6 L Cr86.015.228.9%29.2%−6.5%
Lenskart Solutions Ltd₹1.2 L Cr176.99.55.9%7.6%+68.1%
Meesho Ltd₹1.1 L Cr—1.94.5%5.8%+36.8%
FSN E-Commerce Ventures Ltd₹98,245 Cr385.437.35.1%6.6%+31.2%
Info Edge (India) Ltd₹79,042 Cr49.41.8-1.6%4.8%−8.6%
Swiggy Ltd₹64,647 Cr—3.2——−46.1%
Vishal Mega Mart Ltd₹45,677 Cr51.07.09.9%13.2%−34.0%
Peer median—————−7.5%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns Eternal?

Eternal has no promoter holding; it is widely held.

Shareholding pattern

Latest filing, percent of shares
Promoters0.0%
The founders and controlling group.
Foreign institutions29.1%
Overseas funds investing through the FPI route.
Domestic institutions39.3%
Indian insurers, banks, pension and mutual funds together.
Mutual funds31.7%
Indian mutual fund schemes; part of domestic institutions.
Retail and others5.9%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about Eternal?

31 analysts cover Eternal, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

31 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does Eternal do and what is it sensitive to?

Eternal Limited (formerly Zomato Limited) operates a diversified digital commerce platform with three main B2C businesses: food delivery through the Zomato app, quick commerce through Blinkit, and going-out experiences (dining, entertainment ticketing) through District. Sensitive to: macroeconomic conditions and consumer purchasing power.

Business-model card

FY2025 · 42 verified
5Revenue
5Channels
4Regulators
3Reg. dependencies
3Sensitivities
7Costs
1Geographies

Eternal Limited (formerly Zomato Limited) operates a diversified digital commerce platform with three main B2C businesses: food delivery through the Zomato app, quick commerce through Blinkit, and going-out experiences (dining, entertainment ticketing) through District. It earns revenue through commissions from restaurant and merchant partners, platform fees, advertisements, and ticketing services.

Revenue by segment

year ended March 31, 2025 (consolidated)
India food ordering and delivery39.9%
Hyperpure supplies (B2B business)30.6%
Quick Commerce business25.7%
Going Out3.6%
All other segments (Residual)0.1%

Revenue engine

5 verified
Food delivery
Commission revenue earned from restaurant partners on orders placed through the Zomato platform. Growth driven by merchant participation and order volumes.
Quick commerce (Blinkit)
Commission revenue from quick commerce merchants and warehousing/ancillary services. Platform enables on-demand delivery of daily essentials and merchandise.
Going-out (Dining and Entertainment Ticketing)
Net commission revenue from dining reservations and ticketing services for movies, sports and live events. Includes own event ticket sales.
2 more statements
Advertisement and sales promotion
Revenue from sponsored listings and advertising sold to restaurant and merchant partners on the platforms.
Hyperpure (B2B restaurant supply)
Sale of traded goods and warehousing services to restaurant partners. Cost of goods sold increased 93% YoY in FY25.

Customers & channels

5 verified
End-users via Zomato app (food delivery and dining)
Consumers ordering food for delivery and dining reservations. Average monthly transacting customers grew 12% YoY to 20.6 million in food delivery.
End-users via Blinkit app (quick commerce)
Consumers ordering essentials and merchandise for rapid delivery. Average monthly transacting customers grew 100% YoY to 10.2 million.
End-users via District app (entertainment and dining)
Consumers discovering and booking entertainment and dining experiences. Cumulative app downloads reached 14.0 million since launch in November 2024.
2 more statements
Restaurant partners
Restaurants that pay commissions for orders, use advertising services, and purchase Hyperpure supplies. Generate commission revenue on point-of-time basis.
Quick commerce merchants
Merchants selling products through Blinkit network. Earn commissions on orders and can use warehousing and platform services.

Regulators

4 verified
Food Safety & Standards Authority (FSSAI)
Regulates food safety, licensing, labelling and advertising standards applicable to food delivery and Hyperpure business operations.
Ministry of Labour (Factories Act)
Governs workplace safety and working conditions at warehouses and offices.
Legal Metrology Department
Regulates labelling, packaging and measurement standards for consumer goods sold through quick commerce.
1 more statement
Securities and Exchange Board of India (SEBI)
Governs listing obligations, disclosure requirements, insider trading, and BRSR sustainability reporting framework compliance.

Regulatory dependencies

3 verified
Food Safety & Standards compliance for restaurant partnerships
Stricter food safety regulations or licensing requirements would increase compliance burden on merchant partners and could impact their willingness to participate, affecting commission revenue.
Labour regulations for quick commerce warehouse operations
Stricter workplace safety or labour standards for warehouse staff would increase Hyperpure cost of goods sold and outsourced support costs.
Legal metrology compliance for packaged goods
Regulation of weights, measures and labelling standards for quick commerce product assortment affects product sourcing and compliance costs.

Sensitivities

3 verified
Macroeconomic conditions and consumer purchasing power
Economic downturns reduce consumer spending on discretionary food delivery and entertainment, but essential goods demand in quick commerce remains steady. Inflation increases operational costs.
Foreign exchange rates (AED exposure)
Company has negligible FX exposure except AED from UAE operations; 1% change in AED exchange rate impacts P&L by INR 1 crore.
Cloud computing costs and order volumes
Higher transaction volumes increase server and cloud computing costs. IT support costs increased 33% YoY, driven by increase in cloud computing costs.

Cost inputs

7 verified
Delivery and related charges
Payment to independent delivery partners for last-mile delivery services. Increased 46% YoY to INR 5,728 crore in FY25 due to order growth.
Outsourced support cost (store labour for quick commerce)
Off-roll manpower deployed across Blinkit stores. Increased 73% YoY to INR 570 crore in FY25 due to store expansion and more staff for 775 net new stores.
Employee benefits and salaries
On-roll employee costs increased 54% YoY to INR 2,558 crore due to 105% headcount increase to 16,868 and share-based compensation of INR 798 crore.
4 more statements
Quick commerce warehouse management and logistics
Warehouse operations, rental and logistics for Blinkit's 5.2 million sq ft of warehousing space. Part of 'Others' expense which increased 99% YoY to INR 2,341 crore.
Payment gateway charges
Fees paid for processing customer payments. Increased 20% YoY to INR 228 crore in FY25 driven by increase in NOV transacted across platforms.
IT support services and cloud computing
Server hire, software subscriptions and cloud computing costs. Increased 33% YoY to INR 644 crore in FY25 driven by order volume growth.
Advertisement and sales promotion
Customer acquisition and retention through incentives and marketing. Increased 38% YoY to INR 1,972 crore in FY25.

Geographies

1 verified
United Arab Emirates (UAE)
International presence through Zomato operations. Limited export of IP and marketing services generates 0.05% of total revenue in FY25.
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (22 Jul 2026).

Change log

6 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Results filedQ4 FY2026 results filed.
  3. Results filedQ3 FY2026 results filed.
  4. Results filedQ2 FY2026 results filed.
  5. Results filedQ1 FY2026 results filed.
  6. Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value: no fair value; EPV: no positive operating profit; Graham number: no positive book value; Graham value: not in the valuation; Lynch: no positive earnings growth; Owner earnings: owner earnings negative or capex unknown; P/E vs own history: 60 of 36 months of P/E history.
  • FlagsWATCH on 26 of 30 flags judged; 2 red; 4 could not be judged.
  • History breakFY2022 step year (revenue +137%, shares +268%) in the 5-year growth figures: those figures span the accounts before and after it.
  • Data gapsDividend yield, PEG (vendor), PEG on our 3-year EPS growth, 5-year return, Wealth destroyer, Profit 3 years and 4 more: not available yet.

What this page rests on

✓9 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓63 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 42 verified

Questions people ask

What is Eternal's share price today?

Eternal last traded at ₹323.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.1% on the day, down 7.2% over a year. Its 52-week range is ₹213 to ₹368. The live price is in the app.

What is Eternal's market cap?

Eternal's market capitalisation is about ₹3.12 lakh crore: what it would cost to buy every share at today's price. That makes it the 25th largest large cap company we cover.

Is Eternal Ltd a large cap, mid cap or small cap?

Eternal Ltd (ETERNAL) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is Eternal Ltd's P/E ratio?

688.19. Price divided by last year's earnings per share: how many years of today's profit you pay for.

How does Eternal Ltd make money?

Eternal Limited (formerly Zomato Limited) operates a diversified digital commerce platform with three main B2C businesses: food delivery through the Zomato app, quick commerce through Blinkit, and going-out experiences (dining, entertainment ticketing) through District. It earns revenue through commissions from restaurant and merchant partners, platform fees, advertisements, and ticketing services.

Who are Eternal Ltd's peers?

Compared with 8 Retailing (the industry, as the basic industry was too small): Avenue Supermarts Ltd, Trent Ltd, Lenskart Solutions Ltd, Meesho Ltd, FSN E-Commerce Ventures Ltd and 3 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did Eternal do last quarter?

Eternal reported revenue of ₹20,211 Cr, up 168.6% on a year earlier and a net profit of ₹92 Cr, down 30.6% in the Jun 2026 quarter.

Who owns Eternal?

Eternal has no promoter holding; it is widely held.

What do analysts say about Eternal?

31 analysts cover Eternal, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Everything on Eternal, and 6,621 other companies, with 212 filters and the full peer tables

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