ETERNAL

ETERNAL LIMITED

Zomato food delivery and Blinkit quick commerce, under the renamed holding company

Consumer Discretionary›Consumer Services›Retailing›E-Retail/ E-Commerce

zomato.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹320.20
Market cap
3,09,004 Cr
Stock P/E
681.1
P/B
9.50
ROE (FY26)
1.2%
ROCE (FY26)
3.3%
Operating margin (FY26)
-0.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Eternal (formerly Zomato) runs the Zomato food delivery app and the Blinkit quick-commerce service in India, selling to consumers, restaurants and businesses, and it also runs a going-out business (District), a restaurant supplies business (Hyperpure) and newer ventures such as Bistro and Nugget.

Company snapshot

1stBy market cap

Ranked among 12 companies in E-Retail/ E-Commerce.

Segment mix

Reportable segments as of 2024-09-30 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 41.9% of revenue

SegmentRevenue shareRevenuePBTAssets
All other segments (Residual)
0.1%
4 Cr2 Cr0 Cr
Going Out
3.2%
154 Cr18 Cr0 Cr
Hyperpure supplies (B2B business)
30.7%
1,473 Cr-12 Cr0 Cr
India food ordering and delivery
41.9%
2,012 Cr349 Cr0 Cr
Quick commerce
24.1%
1,156 Cr48 Cr0 Cr

What we see

Concerns
  • ✗Net margin is very thin at 0.7% — little room for error if costs rise.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales2,848 Cr3,288 Cr3,562 Cr4,206 Cr4,799 Cr5,405 Cr5,833 Cr7,167 Cr13,590 Cr16,315 Cr17,292 Cr20,211 Cr
Operating expenses (approx.)2,895 Cr3,237 Cr3,476 Cr4,029 Cr4,573 Cr5,243 Cr5,761 Cr7,052 Cr13,351 Cr15,947 Cr16,806 Cr19,617 Cr
EBITDA-47 Cr51 Cr86 Cr177 Cr226 Cr162 Cr72 Cr115 Cr239 Cr368 Cr486 Cr594 Cr
OPM %-1.7%1.6%2.4%4.2%4.7%3.0%1.2%1.6%1.8%2.3%2.8%2.9%
Other income212 Cr219 Cr235 Cr236 Cr221 Cr252 Cr368 Cr354 Cr352 Cr348 Cr342 Cr375 Cr
Interest16 Cr18 Cr20 Cr25 Cr30 Cr43 Cr56 Cr67 Cr86 Cr107 Cr132 Cr151 Cr
Depreciation128 Cr128 Cr140 Cr149 Cr180 Cr247 Cr287 Cr314 Cr376 Cr439 Cr468 Cr546 Cr
Profit before tax21 Cr124 Cr161 Cr239 Cr237 Cr124 Cr97 Cr88 Cr129 Cr170 Cr228 Cr272 Cr
Tax %-71.4%-11.3%-8.7%-5.9%25.7%52.4%59.8%71.6%49.6%40.0%23.7%66.2%
Net profit36 Cr138 Cr175 Cr253 Cr176 Cr59 Cr39 Cr25 Cr65 Cr102 Cr174 Cr92 Cr
EPS (₹)₹0.04₹0.16₹0.20₹0.29₹0.20₹0.07₹0.04₹0.03₹0.07₹0.11₹0.19₹0.10

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,313 Cr2,605 Cr1,994 Cr4,192 Cr7,079 Cr12,114 Cr20,243 Cr54,364 CrSign in free for the trailing twelve months
Operating expenses (approx.)3,556 Cr4,909 Cr2,461 Cr6,043 Cr8,290 Cr12,072 Cr19,606 Cr53,156 CrSign in free for the trailing twelve months
EBITDA-2,244 Cr-2,305 Cr-467 Cr-1,851 Cr-1,210 Cr42 Cr637 Cr1,208 CrSign in free for the trailing twelve months
OPM %-170.9%-88.5%-23.4%-44.1%-17.1%0.3%3.1%2.2%Sign in free for the trailing twelve months
Other income85 Cr138 Cr125 Cr495 Cr682 Cr847 Cr1,077 Cr1,396 CrSign in free for the trailing twelve months
Interest9 Cr13 Cr10 Cr12 Cr49 Cr72 Cr154 Cr392 CrSign in free for the trailing twelve months
Depreciation43 Cr84 Cr138 Cr150 Cr437 Cr526 Cr863 Cr1,597 CrSign in free for the trailing twelve months
Profit before tax-1,011 Cr-2,386 Cr-815 Cr-1,220 Cr-1,015 Cr291 Cr697 Cr615 CrSign in free for the trailing twelve months
Tax %——-0.2%-0.2%4.3%-20.6%24.4%40.5%Sign in free for the trailing twelve months
Net profit-1,011 Cr-2,386 Cr-816 Cr-1,222 Cr-971 Cr351 Cr527 Cr366 CrSign in free for the trailing twelve months
EPS (₹)₹-2.57₹-5.42₹-1.51₹-1.67₹-1.20₹0.41₹0.60₹0.40Sign in free for the trailing twelve months
Dividend payout %—————0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital0.03 Cr0.03 Cr0.03 Cr764 Cr836 Cr868 Cr907 Cr919 Cr
Reserves2,600 Cr710 Cr8,099 Cr15,741 Cr18,623 Cr19,545 Cr29,410 Cr30,061 Cr
Borrowings1 Cr1 Cr1 Cr—40 Cr———
Other liabilities844 Cr2,196 Cr609 Cr828 Cr2,105 Cr2,950 Cr5,313 Cr9,763 Cr
Total liabilities3,413 Cr2,900 Cr8,704 Cr17,327 Cr21,599 Cr23,356 Cr35,623 Cr40,736 Cr
Fixed assets (net)40 Cr36 Cr23 Cr51 Cr209 Cr287 Cr965 Cr2,033 Cr
CWIP0.32 Cr0.19 Cr—0.60 Cr8 Cr18 Cr51 Cr136 Cr
Investments2,145 Cr324 Cr2,205 Cr4,718 Cr6,765 Cr11,645 Cr13,192 Cr14,833 Cr
Loans & advances———375 Cr0.40 Cr0 Cr0 Cr0 Cr
Inventories2 Cr4 Cr15 Cr40 Cr83 Cr88 Cr176 Cr2,181 Cr
Trade receivables70 Cr123 Cr130 Cr160 Cr457 Cr794 Cr1,946 Cr1,764 Cr
Cash & bank212 Cr167 Cr307 Cr392 Cr218 Cr309 Cr666 Cr996 Cr
Other assets944 Cr2,246 Cr6,024 Cr11,591 Cr13,860 Cr10,215 Cr18,627 Cr18,793 Cr
Total assets3,413 Cr2,900 Cr8,704 Cr17,327 Cr21,599 Cr23,356 Cr35,623 Cr40,736 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-1,743 Cr-2,144 Cr-1,018 Cr-693 Cr-844 Cr646 Cr308 Cr632 Cr
Cash from investing-1,274 Cr1,735 Cr-5,244 Cr-7,938 Cr457 Cr-347 Cr-7,993 Cr536 Cr
Cash from financing3,131 Cr359 Cr6,402 Cr8,750 Cr-127 Cr-207 Cr8,042 Cr-842 Cr
Net cash flow113 Cr-50 Cr140 Cr86 Cr-174 Cr91 Cr357 Cr330 Cr
Free cash flow (OCF − Capex)-1,789 Cr-2,165 Cr-1,028 Cr-752 Cr-947 Cr431 Cr-628 Cr-1,119 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-39.0%-336.7%-9.9%-7.3%-5.0%1.8%2.8%3.3%
ROE %-37.6%-336.6%-10.0%-7.3%-5.0%1.7%1.7%1.2%
Debtor days2017241423243512
Inventory days113343314702
Days payable10438543735272820290
Cash conversion cycle-84-20-28-20-7-011-5576
OCF / EBITDA %—————n.m.48.4%n.m.
OCF / EBITDA % (3 years)———————n.m.
Debt / equity0.00050.00210.0002—0.0021———
Current ratio4.211.758.0210.607.522.623.522.77
Net debt / EBITDA—————-7.36-1.05-0.82
ETERNAL LIMITED (ETERNAL) Financials | BullKarma