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Prices as of 8 Oct 2026 close · Not investment advice

ETERNAL LIMITED

NSE: ETERNALE-Retail/ E-Commerce

Share price

₹319.05

-2.73% close of 8 Oct 2026

Market cap ₹2.93L CrP/E 677.2

Business score

How strong the business is, in one number. The parts behind it are in Pro.

65

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹2.93L Cr

P/E ratio

677.2

P/B ratio

9.9

ROCE

2.5%

ROE

0.4%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹354.3552-week low ₹215.68

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 190.5% over the past year, and 83.6% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from -38.8% to 2.4% over the last four years.

Whether it grew faster than its sector

It grew 83.6% a year against a sector median of 13.9% — 69.6 percentage points faster.

Room to re-rate, or risk of de-rating

Its profit has collapsed to almost nothing, so the current price-to-profit number is meaningless — there is no honest multiple to compare with its past.

Whether growth justifies the valuation

Its profit has collapsed to almost nothing, so the price-to-profit number is meaningless — growth cannot be weighed against a price like that.

Profit growthPrice per ₹1 profitPer 1% growth
ETERNAL LIMITED — this one28%/yr——
Meesho Limited6%/yr——
FSN E-Commerce Ventures Limited122%/yr357.3×—
Swiggy Limited0%/yr——
Urban Company Limited8%/yr——
Cartrade Tech Limited89%/yr57.0×₹0.64

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (E-Retail/ E-Commerce), it ranks 6 of 12 on returns, 1 of 11 on growth, 6 of 12 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 2.5% on capital, ahead of 50% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹49 crore of cash from the business but spent ₹3037 crore on plant and equipment, ₹2988 crore more than it made; the gap was from lenders and shareholders. It has not made a profit over 7 years.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

6 of 9 checks clear · 67%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue beat the pre-result estimate, but profit was far below expectations.

Announced 22 Jul 2026 · Consolidated · Unaudited

Revenue

₹20,211 Cr

Revenue vs last year

+182.0%

Revenue vs last quarter

+16.9%

Net profit

₹92 Cr

Profit vs last year

+268.0%

Profit vs last quarter

-47.1%

Net margin

0.5%

EPS

₹0.10

Earnings call transcript · 22 Jul 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹2.93L Cr
Prev close
₹319.05
52w High
₹368
52w Low
₹213
Enterprise value
₹3.11L Cr
Beta
1.4
Price CAGR 1y
-4.0%
Price CAGR 3y
47.0%
Price CAGR 5y
19.0%
Price CAGR 10y
—

Ratios

Return on assets
0.9%
PEG ratio
25.4
P/E ratio
677.2
P/B ratio
9.9
EV / EBITDA
258.7
Industry P/E
57.2
ROCE
2.5%
ROCE 5y average
-2.6%
ROE
0.4%
Debt / Equity
0.1
Interest coverage
2.6
Dividend yield
0.0%
ROE 3y average
1.0%
ROE last year
0.0%

Annual P&L

Annual revenue
₹54,364 Cr
Annual profit
₹366 Cr
Operating margin
2.2%
Net profit margin
0.7%
EBITDA margin
2.2%
Sales growth 3y
97.3%
Sales growth 5y
93.7%
Profit growth 3y
28.0%
Profit growth 5y
17.0%
EPS
₹0.4
Sales growth TTM
191.0%
Profit growth TTM
45.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹20,211 Cr
Profit latest quarter
₹92 Cr
YoY quarterly sales growth
182.0%
YoY quarterly profit growth
268.0%
OPM latest quarter
2.9%

Balance Sheet

Book Value
₹33.7
Face Value
₹1.0
Total debt
₹4,592 Cr
Total cash
₹1,523 Cr
Borrowings
₹4,592 Cr
Reserves / Equity
32.7

Cash Flow

Operating cash flow
₹632 Cr
Free cash flow
-₹1,114 Cr
FCF yield
-0.5%
Net cash flow
₹330 Cr

Shareholding

Promoter holding
0.0%
FII holding
29.1%
DII holding
39.2%
Public holding
27.0%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Eternal328.00731.03,16,5320.0092.0268.020,211.0182.02.5
Meesho236.521,09,4740.00-132.838.53,712.848.3-40.0
FSN E-Commerce341.25367.297,7440.0079.8243.12,782.029.117.2
Swiggy246.0067,9040.00-791.033.96,812.037.3-24.1
Urban Company168.2325,9440.00-92.1-1359.1528.343.9-7.8
Cartrade Tech2,914.7059.514,1700.0056.824.4201.216.311.8
Shiprocket133.119,6850.00-13.724.0592.133.8-2.7
Median204.3657.49,3380.004.529.1560.234.41.5

Competes with: Brainbees Solutions Limited, Cartrade Tech Limited, Digidrive Distributors Limited, FSN E-Commerce Ventures Limited, Intrasoft Technologies Limited, Meesho Limited, RattanIndia Enterprises Limited, Rentomojo Limited, Shiprocket Limited, Swiggy Limited, Urban Company Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,4162,8483,2883,5624,2064,7995,4055,8337,16713,59016,31517,29220,211
Expenses2,4642,8953,2373,4764,0294,5735,2435,7617,05213,35115,94716,80619,617
Material Cost000153947
Change in Inventories-26-273-1,053-290-386-876
Purchases of Stock-in-Trade1,6582,5578,79510,07610,68712,860
Employee Cost7508308659149271,068
Other Expenses3,3793,9384,7445,2325,5396,518
Operating Profit-48-47518617722616272115239368486594
OPM %-1.99-1.651.552.414.214.7131.231.601.762.262.812.94
Other Income181212219235236221252368354352348342375
Exceptional items (within Other Income)000000
Interest18161820253043566786107132151
Depreciation130128128140149180247287314376439468546
Profit before tax-15211241612392371249788129170228272
Tax %-113-71-11-9-62652607250402466
Net Profit2361381752531765939256510217492
EPS in Rs00.040.160.200.290.200.060.040.030.070.110.180.10
Diluted EPS in Rs0.040.030.070.110.190.10

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4661,3132,6051,9944,1927,07912,11420,24354,36467,408
Expenses5583,5564,9092,4616,0438,29012,07119,60653,15665,721
Material Cost054
Change in Inventories-88-2,002
Purchases of Stock-in-Trade5,65332,115
Employee Cost2,5583,536
Other Expenses11,48319,453
Operating Profit-92-2,243-2,305-467-1,851-1,211436371,2081,687
OPM %-20-171-88-23-44-170.303.102.202.50
Other Income211,28516-2007936828461,0771,3961,417
Exceptional items (within Other Income)00
Interest691310124972154392476
Depreciation2943841381504375268631,5971,829
Profit before tax-107-1,010-2,386-815-1,220-1,015291697615799
Tax %00000-4-212440
Net Profit-107-1,010-2,386-816-1,222-971351527366433
EPS in Rs-3,070-28,574-70,097-23,124-1.54-1.140.400.550.380.46
Diluted EPS in Rs0.580.39
Dividend Payout %000000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
94%
3 years
97%
TTM
191%

Compounded profit growth

10 years
—
5 years
17%
3 years
28%
TTM
45%

Stock price CAGR

10 years
—
5 years
19%
3 years
47%
1 year
-4%

Return on equity

10 years
—
5 years
-2%
3 years
1%
Last year
0%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.030.030.030764836868907919
Reserves1,0362,3564577,64415,74118,62419,54529,41030,061
Borrowings186348326527705077492,0454,592
Other Liabilities1527092,1175327511,6322,1943,2615,150
Minority Interest-7-7
Total Liabilities1,3743,4132,9008,70417,32721,59923,35635,62340,722
Fixed Assets1903891,5911,5391,4046,3446,4489,53212,675
CWIP1110171851136
Investments8292,1453242,2054,7186,76511,64513,19214,833
Other Assets3548799854,95911,2048,4835,24512,84813,078
Total Assets1,3743,4132,9008,70417,32721,59923,35635,62340,736

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-2,144-1,018-693-844646308632
Cash from Investing Activity1,740-5,245-7,971797-348-7,993540
Cash from Financing Activity3596,4028,750-127-2078,042-842
Net Cash Flow-4513986-17491357330
Free Cash Flow-2,165-1,028-750-945444-623-1,114

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days202017241424243512
Inventory Days282822111226
Days Payable56529817811210136
Cash Conversion Cycle202017-513-257-132-77-542
Working Capital Days-43-31-2096316200414523
ROCE %-115-135-12-13-6132

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters0
FIIs555555545347444239363329
DIIs131515161721232630333639
Government000000.030.100.100.100.100.100.11
Public302828292926262525252727
Others1.821.661.581.451.276.075.985.915.715.584.734.61
No. of Shareholders17,08,10017,27,99619,16,41621,40,94223,56,30825,20,80427,91,93024,99,81322,68,44122,71,17523,04,88522,95,671

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -7.7% (₹345.50 → ₹319.05)Brick size ₹9.04 (fixed)Bricks 37
₹250₹300₹350₹319Nov '25Feb '26Jun '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹319.05 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,61,46,667inr

2026-03-31

News

News and filings about ETERNAL LIMITED. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Consumer Services
Industry
E-Retail/ E-Commerce
Classification
Consumer Services › E-Retail/ E-Commerce
ISIN
INE758T01015

Business segments

  • Quick commerce · 70%
  • India food ordering and delivery · 19%
  • Hyperpure supplies (B2B business) · 10%
  • Going Out · 2%
  • All other segments (Residual) · 0%

News impact

Big market events that reach ETERNAL LIMITED, and how the effect spreads.

Who it hits first

  • Telangana food-safety officers suspended the licences of Swiggy Instamart, Flipkart and Zepto dark stores after finding expired food, pest-infested articles and rotting vegetables.
  • A dark store is a small warehouse that packs 10-minute grocery deliveries, so a suspended licence means zero sales from that store until it passes re-inspection.
  • Swiggy is the only listed name directly hit, since Flipkart and Zepto are unlisted and carry no stock signal.

Who may gain

  • Avenue Supermarts, the DMART grocery-store chain, catches weekly baskets diverted from shut dark stores in Telangana neighbourhoods.
  • Vishal Mega Mart, the budget grocery and clothing retailer, picks up price-sensitive shoppers avoiding suspended quick-commerce apps.
  • No supplier or rider gains — snack makers lose a sales channel and delivery riders lose shifts while stores stay shut.
  • Flipkart and Zepto are unlisted, so their share of the pain carries no stock signal here.

Along the supply chain

Downstream

Delivery riders attached to shut dark stores lose shifts and payouts, while shoppers fall back on kirana shops, DMART and Vishal Mega Mart for the weekly basket.

Upstream

Snack and staple suppliers that fed the shut stores — Bikaji Foods (packaged snacks) and KRBL (rice) are named Swiggy suppliers in the graph — lose a Telangana sales channel, though neither has a fundamentals row here so no signal can be written for them.

Where demand moves

Business

Grocery orders that flowed through Instamart, Flipkart and Zepto apps in Telangana reroute to DMART stores, Vishal Mega Mart outlets and kirana shops until licences return.

Capital

Investors mark down quick-commerce exposure on regulatory risk while nudging grocery-retail names up on the diverted demand, keeping food-delivery multiples under watch.

How it spreads across sectors

Consumer Services

Quick-commerce and food-delivery names face licence and headline risk, QSR chains wear mild spillover scrutiny, while store-based grocers absorb the diverted weekly shop.

A pattern seen before

Cascade chain

Pattern name

Crude Oil Cascade

Patterns

  • Crude Oil Cascade

Sectors queried

  • Cement
  • Chemicals
  • FMCG
  • Power

When it plays out

Immediate

In 1-7 days Swiggy slips on the headline while grocers firm; watch for the re-inspection schedule and any extension to other cities.

Medium term

In 1-6 months the episode fades if licences return fast, but a wider hygiene drive would raise compliance costs across quick commerce.

Short term

In 1-4 weeks QSR and delivery names trade on whether copycat raids appear in other states or the matter stays a Telangana-only cleanup.

Who it hits first

  • Brainbees Solutions, which runs the Firstcry baby-products stores and website, got a Rs 119 crore vote of confidence as Goldman Sachs bought 68 lakh shares at Rs 175 each.
  • Goldman was already an anchor backer in the company's market debut, so this second buy signals steady big-investor interest, not new shop sales.

Who may gain

  • Brainbees Solutions shareholders, who see a big global investor adding Rs 119 crore at Rs 175
  • Firstcry brand, which gains reputation when Goldman Sachs backs its parent again

Along the supply chain

Downstream

No direct downstream link — Firstcry shoppers see no change in stores or prices from Goldman's stake buy.

Upstream

No direct upstream link — cloth and toy suppliers get no new orders from a share trade.

Where demand moves

Business

No new baby-product orders — parents are not buying more diapers because Goldman bought shares.

Capital

Goldman's Rs 119 crore block buy pulls institutional money into Brainbees shares at Rs 175, lifting trading confidence.

How it spreads across sectors

Consumer Services

Mild confidence mood only — peers like Eternal and Swiggy may see light interest as big investors buy consumer names, but no sales shift.

When it plays out

Immediate

Brainbees shares stay firm over 1-7 days on Goldman's Rs 175 buy price as a marker.

Medium term

Over 1-6 months, the stock rests on Firstcry sales and losses narrowing, not on this one block trade.

Short term

Over 1-4 weeks, price tracks whether more institutions follow Goldman into the stock.

Who it hits first

  • India's food safety authority (FSSAI) has named Amazon, Flipkart, Swiggy Instamart, Zepto and BigBasket in penal action over risky food listings.
  • The flagged items include Happilo date bites, Milky Mist dairy products and Dhatura (a toxic plant) fruits and seeds.
  • Named platforms face fines, delistings and tougher listing checks; among listed firms Swiggy (Instamart's owner) is directly hit.
  • Milky Mist, a listed dairy maker whose items were flagged, faces brand and recall risk.

Who may gain

  • Avenue Supermarts (DMart): shoppers worried about online food safety may shift to trusted offline stores.
  • Bikaji Foods: a rival snack brand could gain shelf space if Happilo listings are pulled, partly offset by sector-wide scrutiny.
  • Compliant food brands and testing labs: stricter checks reward clean supply chains.

Along the supply chain

Downstream

Downstream, delivery riders and dark-store operators see fewer orders on delisted items, while shoppers gain safer listings at the cost of narrower choice.

Upstream

Upstream, snack and dairy suppliers to quick commerce, including Bikaji Foods (a pack-listed Swiggy supplier), face extra compliance checks and possible order pauses on flagged lines.

Where demand moves

Business

Grocery demand may leak from quick-commerce apps toward offline stores and compliant sellers while flagged listings are delisted and checks tighten.

Capital

Capital is likely to shun the directly named platforms and the flagged dairy brand short-term, favouring profitable offline retail and unaffected staples.

How it spreads across sectors

Consumer Services

Negative for food-delivery and quick-commerce platforms via fines and compliance costs; neutral for travel, hotels and edtech.

Fast Moving Consumer Goods

Negative for the flagged dairy brand; neutral-to-negative for packaged foods on wider FSSAI scrutiny; alcohol and personal care untouched.

A pattern seen before

Cascade chain

Pattern name

Crude Oil Cascade

Patterns

  • Crude Oil Cascade

Sectors queried

  • Cement
  • Chemicals
  • FMCG
  • Power

When it plays out

Immediate

Named platforms and Milky Mist slip as fines, delistings and inspection headlines dominate the next few days.

Medium term

Over 1-6 months compliance upgrades and restored listings decide whether the damage was a blip or a lasting cost.

Short term

Over 1-4 weeks the fine quantum and any listing bans set the size of the hit; peers stay under watch.

Who it hits first

  • Meesho Limited, which runs an online shopping platform, saw about 3.86 crore of its shares change hands in one block deal worth Rs 899.71 crore on the BSE.
  • The stock fell about 4% on Wednesday as that large supply of shares hit the market, a day after it had jumped nearly 10% on a UBS target price hike.
  • The fall looks like short-term selling pressure from the deal, not a change in how many shoppers use Meesho.

Who may gain

  • The buyers in the Rs 899.71 crore block deal, who picked up 3.86 crore Meesho shares at a 4% lower price than the prior close.
  • Patient dip buyers in Meesho Limited (online shopping platform) if the UBS growth story holds and the extra supply clears quickly.

Along the supply chain

Downstream

No downstream hit — shoppers and sellers on Meesho's marketplace see no change in prices or fees from a share trade between investors.

Upstream

No upstream hit — delivery and print partners like Delhivery (logistics firm), Shadowfax (delivery firm) and Repro (print firm) see the same parcel and print volumes because shopper orders did not change.

Where demand moves

Business

No change in shopping demand — buyers on Meesho's app kept ordering; the deal only moved existing shares from one investor to another.

Capital

About Rs 899.71 crore of capital rotated from seller to buyer in one trade, creating short-term supply that pushed the price down 4% until new demand absorbs it.

How it spreads across sectors

Consumer Services

Mild sentiment wobble only — peers like Eternal, Swiggy and Nykaa share no business link to a single Meesho share trade, so no lasting sector move.

When it plays out

Immediate

1–7 days: Meesho shares stay choppy as the market absorbs the 3.86 crore-share overhang and traders debate the dip.

Medium term

1–6 months: Meesho's orders, losses and growth decide the price; the block deal itself leaves no lasting mark.

Short term

1–4 weeks: focus shifts back to the UBS thesis and business trends as deal noise fades.

Who it hits first

  • Mumbai High Court rejected Adani's claim that its airport duty-free shops sit beyond India's domestic laws.
  • The shops must now follow domestic rules, which raises compliance costs for Adani's airport retail business.
  • The case is seen as a precedent, so every duty-free operator in India faces the same tougher rulebook.

Who may gain

  • No listed winner stands out — rival duty-free operators face the same tougher rules, not an advantage
  • Domestic high-street retailers compete on marginally more even terms, though the effect is tiny

Along the supply chain

Downstream

Adani Power, which buys from Adani Enterprises, is untouched because the ruling covers airport shops, not power or fuel supply.

Upstream

Adani's suppliers, such as shipping and project contractors, see no volume change since the shops stay open and goods still flow.

Where demand moves

Business

No demand shift — travellers still shop; the hit is cost, as duty-free operators spend more on complying with domestic laws.

Capital

Investors trim exposure to Adani Enterprises and airport-linked names on the regulatory overhang; no fundraising or deal impact.

How it spreads across sectors

Consumer Services

Neutral overall — most retailers and restaurants have no duty-free exposure; only duty-free operators face higher costs.

Services

Mildly negative — airport operators such as GMR may see softer future duty-free concession bids.

When it plays out

Immediate

Adani Enterprises and airport-linked stocks soften over 1-7 days as traders price the compliance hit.

Medium term

Over 1-6 months, higher compliance costs settle into duty-free margins across airports if the precedent stands.

Short term

Over 1-4 weeks, operators study the order and Adani likely seeks an appeal or stay.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

  • daily-prices repair: 5 rows from NSE's archive (replace 0, delete 0, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023

Bulk & block deals

DateWhoBought / soldSharesPrice
31 Aug 2026BNP PARIBAS FINANCIAL MARKETSSELL5,09,51,735₹327.93
31 Aug 2026INTEGRATED CORE STRATEGIES (ASIA) PTE. LTD.SELL4,86,11,062₹327.90
31 Aug 2026BNP PARIBAS FINANCIAL MARKETSBUY64,474₹320.28
31 Aug 2026INTEGRATED CORE STRATEGIES (ASIA) PTE. LTD.BUY10,758₹328.95

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.