The few digital-first companies have been able to attract such a large number of consumers and maintain investor interest in the Indian stock market. One of such names is Eternal Ltd. Having a long history of deep penetration in the food delivery, dining-out, and consumer internet platforms, the Eternal Ltd has transformed into a data-driven, platform-oriented, listed company that has roots in loss-making, startup driven model. The company has crossed the lakh-crore market capitalization and is listed on the benchmark indices like Nifty 50 and BSE Sensex making it a bell-ringer-stock in the new-age technology sector in India. This is a article that discusses Eternal share price, financial statements, ratios, peer analysis, shareholding structure, strengths, risks, and long term outlook.
Eternal Ltd Company Overview
Eternal Ltd is an Indian consumer service online platform with one of the most influential services in India that began its business in 2010. This company is commonly known as the mother firm of Zomato Limited that has become responsible in the name of food delivery in India and some of the foreign markets. Eternal Ltd has over the years evolved to be a restaurant discovery platform to a food services and commerce ecosystem. The products that the company provides are food delivery, dining-out solutions, loyalty programs, hyperlocal logistics and technology-enabled restaurant services. According to its latest financial reports Eternal Ltd is present in over 800 cities, associated with over one hundred thousand restaurants and delivery partners. Its size enables it to have network effects, logistics optimization, and higher order volumes across geographies.
| Particulars | Details |
| Company Name | Eternal Ltd |
| Year of Incorporation | 2010 |
| Sector | Consumer Services / E-Commerce |
| Industry | Food Delivery & Online Platforms |
| Market Capitalization | ₹2,84,017 Cr |
| Face Value | ₹1 |
| Dividend Yield | 0.00% |
| Stock Exchanges | NSE, BSE |
| Index Inclusion | Nifty 50, BSE Sensex, BSE 500 |
Eternal Ltd Business Model and Revenue Structure
Eternal Ltd is based on a platform business model in which technology is the enabling factor. The digital infrastructure of the company links consumers, restaurants, and delivery partners. The company enjoys revenue mainly as a result of commissions on food orders, delivered food fees, advertising services to restaurant clients, loyalty program subscription-based services, and other allied services.
The share of revenues attributed to food delivery was very high in the previous years. Nevertheless, with time, the company has diversified its sources of revenue to eliminate reliance on one aspect. This diversification has assisted in enhancing stability of revenue as well as dampening fluctuation in the demand.
This focus on efficiency and logistics, retention of customers and increased frequency of order have been instrumental in the continued growth of the company even in times of macroeconomic uncertainty.
Eternal Ltd Business Segments
Food delivery continues to be the highest source of revenue to Eternal Ltd. Its contribution in relation to the total revenue has declined in percentage terms relative to the previous years; nevertheless, absolute revenue by the segment is steadily increasing. The expansion has been fueled by the growth in net order value, the growth in average order frequency and expansion of its market to smaller cities. Another significant segment is Dining-out services which offer restaurant discovery, table reservations and promotional solutions. Customer stickiness and repeat revenue Loyalty programs increase customer loyalty and provide recurring revenue. The ecosystem and long-term expansion strategy is supported by other emerging segments and investments.
Eternal Share Price Details
At the close of 05 February, Eternal Ltd was trading at 288.70/- indicating a one day increase more than 1 percent. The stock has been experiencing a great trend within the past three years which is backed with the financial indicator that is improving and investor confidence in long-term pick up.
The valuation is however, high, as the price-to- earnings ratio is more than 1200. This means that the market is factoring in high future growth of earnings. Although these valuations are risky, they are not unique to dominant platform firms in high-growth sectors.
| Parameter | Value |
| Current Price | ₹288.75 |
| Day Change | 1.82% |
| 52-Week High | ₹368 |
| 52-Week Low | ₹190 |
| Market Cap | ₹2,84,017 Cr |
| Stock P/E | 1230 |
| Book Value | ₹31.9 |
| ROCE | 2.66% |
| ROE | 1.71% |
Current Share Price Performance
The eternal share price in the previous trading sessions have been trading at a range of ₹279 to ₹295. This price range represents the speculative interest in long-term growth and the spike in the stock market due to changes in earnings. In the stock market, it is very high but not the high of 52 weeks since it has been consolidating following a sharp gain.
Eternal remains a large-cap growth stock, and the periodic corrections do not change the fact that institutional investors are interested in it by its size, brand leadership, and increasing operational efficiency.
| Metric | Value |
| Recent Price Range | ₹279 – ₹295 |
| 52-Week High | ₹368 |
| 52-Week Low | ₹195 |
| Market Capitalization | ₹2.7 – ₹2.84 lakh crore |
| Stock Category | Large-Cap |
NSE Price Details
Eternal Limited is listed on the National Stock Exchange under the ticker ETERNAL where it has a high volume of business. Intraday movement of between 273 to 299 has been experienced in recent sessions and this depicts active participation by both retail and institutional investors. The share holds a number of key indices like NIFTY 100 and NIFTY 500 which guarantee certain constant inflows in the passive funds. Eternal does not distribute dividends, which strengthens its growth-oriented image as a company that pays no attention to dividends and focuses on reinvestment.
| NSE Parameter | Value |
| Last Traded Price | ₹288.75 |
| Day Range | ₹273 – ₹299 |
| Average Price | ~₹288 |
| Dividend Yield | 0.00% |
| Index Inclusion | NIFTY 100, NIFTY 500 |
BSE Price Details
Eternal Limited is traded in the Bombay Stock Exchange under the code 543320. BSE has a close relationship with pricing on NSE and the relationship has a low degree of deviation because of arbitrage mechanisms. The volumes of trading and volatility patterns are also in balance in both exchanges. There are no notable differences between BSE and specific disparities, which proves the effectiveness in pricing discovery on the two platforms.
| BSE Parameter | Value |
| BSE Code | 543320 |
| Price Range | ₹279 – ₹295 |
| 52-Week Range | ₹195 – ₹368 |
| Dividend | Nil |
| Liquidity | High |
Clarifying “Eternal vs Zomato” Confusion
A lot of investors continue to seek Zomato share price and Eternal share price on an individual basis. As a matter of fact, the two both refer to the same company listed. In 2025, Zomato limited changed its name to Eternal limited, and the shares are listed under the single name Eternal in NSE and BSE only. There is no independent Zomato listing any more. The legacy references are all associated with the historical information prior to the rebranding.
| Term Searched | Actual Entity |
| Zomato Share Price | Eternal Limited |
| Eternal Share Price | Eternal Limited |
| NSE: ZOMATO | Discontinued |
| NSE: ETERNAL | Active |
Eternal vs Swiggy: Valuation Comparison
Eternal is much more valued as it is bigger, enhancing profitability, and leadership. Swiggy can be traded at a lesser market cap than its negative profits, and poor balance-sheet values, as it is more risky in terms of its valuation
| Metric | Eternal Limited | Swiggy Limited |
| Price (Feb 2026) | ₹279–₹295 | ~₹321 |
| Market Cap | ₹2.7–2.84 L Cr | ₹88K Cr |
| P/E Ratio | 104–112 | Negative |
| ROE | ~7% | Negative |
| 1-Year Return | 14–30% | -30% |
Eternal Ltd Share Quarterly Financial Performance Analysis
The quarterly performance of the eternal share has depicted a pattern of growth in revenues with a slow improvement in the margin. The growth in sales has been high within the past quarters and the operating losses have been minimized and changed to operating profits at a number of periods. The numbers of net profit are volatile because of tax changes, depreciation, and other revenue but the trend is positive with regard to the effectiveness of financial discipline.
| Quarter | Sales | Operating Profit | Net Profit |
| Dec 2023 | 3,288 | 51 | 138 |
| Mar 2024 | 3,562 | 86 | 175 |
| Jun 2024 | 4,206 | 177 | 253 |
| Sep 2024 | 4,799 | 226 | 176 |
| Dec 2024 | 5,405 | 162 | 59 |
| Mar 2025 | 5,833 | 72 | 39 |
| Dec 2025 | 16,315 | 368 | 102 |
Eternal Ltd Share Price Target 2026-30
Eternal Limited (previously Zomato) has received large-scale analyst expectations on the long-term period between 2026 and 2030. All of these projections are motivated by the expectation of increasing volumes in the food delivery business, the scaling of quick commerce with Blinkit, further advertising and platform monetisation, and the general growth of the digital consumption economy in India. Although short-term forecasts are comparatively conservative because of the sensitivity of valuation and the fluctuation of earnings, the longer-term estimates become more positive as analysts consider operating leverage, rising cash flows, and end-to-end integration. Simultaneously, the high P/E multiple of the stock suggests that the stock will remain volatile, and these targets are only appropriate to long-term high-risk investors and not a short-term trader.
| Year | Low Target (₹) | High Target (₹) | Primary Growth Drivers |
| 2026 | 330 | 370 | Profitability improvement, higher order volumes |
| 2027 | 370 | 640 | Positive cash flows, ARPU growth, institutional buying |
| 2028 | 415 | 870 | Premium services, Blinkit scale-up, operational efficiency |
| 2029 | 460 | 1,185 | Advertising revenue growth, consumption boom |
| 2030 | 510 | 1,460 | Ecosystem maturity, international expansion, efficiency gains |
It is important to note: These are analyst estimates and not guarantees and real prices in the market can vary largely depending on market conditions, competition and regulations.
Eternal Ltd Profit and Loss Overview
The sales growth of Eternal Ltd has been strong on an annual basis with compounded revenue growth increasing by over 50 percent in five years. Although profitability is also sensitive to cost demands, the company has been able to minimize operating losses and record stable profits within the last few years. Other income is a tangible contribution into total profitability, which investors should pay close attention to. Long-term stability in valuation will be a factor of sustainable core operating profits.
Eternal Ltd Balance Sheet Strength
Eternal Ltd has a good balance sheet having huge reserves and investments. The equity capital has grown with time as a result of fund raising and the reserves have been growing steadily. It has increased borrowings and is manageable considering the size of the company and its cash. Investment and fixed assets have been growing as the company goes on to develop long term infrastructure and strategic holdings.
| Item | Mar 2023 | Mar 2024 | Mar 2025 |
| Equity Capital | 836 | 868 | 907 |
| Reserves | 18,624 | 19,545 | 29,410 |
| Borrowings | 507 | 749 | 2,045 |
| Total Assets | 21,599 | 23,356 | 35,623 |
Eternal Ltd Cash Flow Position
The cash flows are pointing to the increased operational sustainability. Though the cash flow operation was negative in previous years, recent years indicate positive inflows which means that the core business is approaching self-sufficiency. The cash flows of investment are unstable because of acquisition and strategic investments whereas financing cash flows are capital-raising activities.
| Ratio | Value |
| ROCE | 2.66% |
| ROE | 1.71% |
| Debtor Days | 35 |
| Working Capital Days | 45 |
| Cash Conversion Cycle | -54 days |
Eternal Ltd Peer Comparison and Competitive Position
Eternal Ltd has the highest market capitalization and brand equity in comparison to its competitor in the market, including Swiggy, FSN E-Commerce, and Meesho. Although peers can demonstrate better ROCE or reduced valuations, the larger size of Eternal Ltd and its integration with the ecosystem provides it with a strategic advantage.
| Company | CMP (₹) | Market Cap (₹ Cr) | ROCE (%) |
| Eternal Ltd | 294 | 2,84,017 | 2.66 |
| Swiggy | 321 | 88,689 | -29.22 |
| FSN E-Commerce | 251 | 71,909 | 9.59 |
| Meesho | 148 | 66,893 | -8.71 |
Eternal Ltd Shareholding Pattern Analysis
The shareholding structure of the Eternal ltd indicates that there is a definite change of shareholding structure over time, whereby the foreign institutional investors have been depleting their ownership whereas domestic institutional investors have been increasing their ownership. This movement signifies an increase in the level of confidence of the Indian institutions to the long-term business strategy and expansion capability of the company.
| Shareholder Category | Shareholding (%) |
| Foreign Institutional Investors (FIIs) | 36.24% |
| Domestic Institutional Investors (DIIs) | 32.61% |
| Public Shareholders | 25.47% |
| Government | 0.10% |
| Others (Trusts, Bodies, etc.) | 5.58% |
| Total | 100% |
Conclusion
Eternal Ltd is the next phase of the consumer internet in India. The company has a long way to go since eternal share price aggressive growth and great losses were replaced by disciplined growth and the rising profitability. Its market leadership, eternal share price, operational upgrades, and growing ecosystem have its long-term investors keeping a close eye on it since its valuations are stretched, but is a closely monitored stock. Eternal Ltd has a high-risk profile and a long-term horizon, which makes it attractive to investors having a high-risk profile. Nevertheless, rigorous control of margins, cash flows and valuation indicators is necessary prior to investing in any given decision-making.
FAQs
Eternal Ltd has a preeminent consumer services platform in India that principally deals with online food delivery, dining-out solutions and other associated online services through its ecosystem under Zomato Limited.
The closing share price of Eternal Ltd is approximately 287.05/- as of 05 February, 2026 indicating a good market momentum in the recent past.
Yes, Eternal Ltd has begun to record steady quarterly profits over the recent periods but at the expense of moderate profitability which is aided by other revenues.
No, Eternal Ltd is not paying any dividend at the moment because it is reinvesting the earnings to enhance its business and growth.
Eternal ltd is a high-risk and high-valuation stock because it has very high P/E ratio, low ROE, and relies on future growth to maintain market value.
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