Full history for every metric is available with a Kvantra account
Key financial summary
Financials in INR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | INR bn | 19 | 41 | 70 | 121 | 202 | 544 | 674 | 977 |
| Operating profit | INR bn | -3.89 | -1.42 | ||||||
| Net profit | INR bn | -8.1 | -12.1 | -9.7 | 3.5 | 5.3 | 3.7 | 4.3 | 14.4 |
| EPS reported | INR | 0.40 | 0.47 | ||||||
| Operating cashflow per share | INR | 0.69 | 0.04 | ||||||
| Capex per share | INR | 1.91 | 0.86 | ||||||
| FCF per share | INR | -1.22 | -0.82 | ||||||
| Free cash flow | INR bn | -11.2 | -7.5 | ||||||
| Net debt | INR bn | -66.1 | -66.1 | ||||||
| Book value equity | INR bn | 310 | 310 | ||||||
| Book value per share | INR | 33.86 | 33.67 | ||||||
| Number of shares | m | 9,150 | 9,200 | ||||||
| DPS (TTM paid) | INR | 0.00 | 0.00 |
Financial summary
Financials in INR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 572.45 | 676.81 | ||||||
| P/B LTM | x | 6.76 | 9.62 | ||||||
| P/S LTM | x | 3.85 | 4.42 | ||||||
| P/FCF LTM | x | -187.24 | -397.37 | ||||||
| EV/EBITDA LTM | x | 81.64 | 218.61 | ||||||
| EV/Sales LTM | x | 3.91 | 4.32 | ||||||
| Earnings Yield LTM | % | 0.17% | 0.15% | ||||||
| FCF Yield | % | -0.53% | -0.25% | ||||||
| Quality | |||||||||
| ROE | % | 1.18% | 1.40% | ||||||
| ROIC | % | -0.65% | 0.00% | ||||||
| Operating margin | % | -0.72% | -0.21% | ||||||
| Gross margin | % | 18.39% | 12.66% | ||||||
| FCF/Sales | % | -2.06% | -1.11% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -25.93% | +42.42% | ||||||
| Sales Growth YoY | % | +168.56% | +190.50% | ||||||
| Net Income Growth YoY | % | -30.55% | +44.82% | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | - | - | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.00% | 0.00% | ||||||
| Dividend Growth | % | 0.00% | 0.00% | ||||||
| Payout Ratio | % | 0.00% | 0.00% | ||||||
| FCF/Debt | x | -0.24 | - | ||||||
| Net Debt/EBITDA | x | 1.18 | 0.00 | ||||||
| EBIT/Net interest | x | -0.99 | -1.69 | ||||||
| Net debt/market cap | % | -3.16% | -2.22% | ||||||
| Net debt/Equity | x | -0.21 | -0.21 | ||||||
| Gross debt/equity | x | 0.15 | 0.00 | ||||||
ETFs that hold Eternal
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Columbia India Consumer ETF | INCO | 1 | 6.72% |
| Goldman Sachs India Equity ETF | GIND | 9 | 1.94% |
| EMQQ Emerging Markets Internet UCITS ETF – Acc | EMQQ.L | 9 | 4.00% |
| BMO MSCI India Selection Equity Index ETF | ZID.TO | 6 | 3.58% |
| Baron Emerging Markets Select ETF | BCEM | 10 | 1.82% |
Funds with Eternal among their ten largest holdings, largest fund first.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
Eternal Limited, together with its subsidiaries, provides e-commerce platform services to restaurant partners, quick commerce merchants, delivery partners, theatres, sports facilities, and event organizers in India and internationally. The company operates through India Food Ordering and Delivery, Hyperpure Supplies (B2B Business), Quick Commerce, and Going Out segments. It offers a B2C technology platform under the Zomato brand that facilitates listing and online ordering of food items by connecting end users, restaurant partners, and independent delivery partners, as well as food rescue, food on train, and food expense management solutions; and B2B supplies solutions under the Hyperpure brand that supplies value added food ingredients and other products to restaurants, as well as 4PL warehousing and supply chain services. The company also provides quick commerce services under the Blinkit brand that provides on-demand delivery of products across various categories, such as daily essentials, electronics, beauty and personal care, fresh, staples, books, fashion, toys and sports, general merchandise, festive needs, stationery, and emergency supplies; and entertainment services, including dining-out, movies, events, shopping, and live event ticketing through its District app. In addition, it offers payment aggregator and gateway, logistics, technology solutions, quick food service, trading, advertisement, and subscriptions services; and operates internet portals, as well as charitable and social welfare activities. The company was formerly known as Zomato Limited and changed its name to Eternal Limited in March 2025. Eternal Limited was founded in 2008 and is headquartered in Gurugram, India.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.

Eternal Limited (ETERNAL.NS)
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Columbia India Consumer ETF | INCO | 1 | 6.72% |
| Goldman Sachs India Equity ETF | GIND | 9 | 1.94% |
| EMQQ Emerging Markets Internet UCITS ETF – Acc | EMQQ.L | 9 | 4.00% |
| BMO MSCI India Selection Equity Index ETF | ZID.TO | 6 | 3.58% |
| Baron Emerging Markets Select ETF | BCEM | 10 | 1.82% |
Funds with Eternal among their ten largest holdings, largest fund first.
Based on consensus from external analysts. Not Kvantra's opinion.
Eternal Limited, together with its subsidiaries, provides e-commerce platform services to restaurant partners, quick commerce merchants, delivery partners, theatres, sports facilities, and event organizers in India and internationally. The company operates through India Food Ordering and Delivery, Hyperpure Supplies (B2B Business), Quick Commerce, and Going Out segments. It offers a B2C technology platform under the Zomato brand that facilitates listing and online ordering of food items by connecting end users, restaurant partners, and independent delivery partners, as well as food rescue, food on train, and food expense management solutions; and B2B supplies solutions under the Hyperpure brand that supplies value added food ingredients and other products to restaurants, as well as 4PL warehousing and supply chain services. The company also provides quick commerce services under the Blinkit brand that provides on-demand delivery of products across various categories, such as daily essentials, electronics, beauty and personal care, fresh, staples, books, fashion, toys and sports, general merchandise, festive needs, stationery, and emergency supplies; and entertainment services, including dining-out, movies, events, shopping, and live event ticketing through its District app. In addition, it offers payment aggregator and gateway, logistics, technology solutions, quick food service, trading, advertisement, and subscriptions services; and operates internet portals, as well as charitable and social welfare activities. The company was formerly known as Zomato Limited and changed its name to Eternal Limited in March 2025. Eternal Limited was founded in 2008 and is headquartered in Gurugram, India.
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