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India's largest food-delivery and dining platform (Zomato), renamed Eternal, also owner of Blinkit quick commerce and District events.
India's largest food-delivery and dining platform (Zomato), renamed Eternal, also owner of Blinkit quick commerce and District events.
Takes a commission from restaurants and a delivery fee from customers on each food order, and sells advertising to restaurants wanting visibility. Blinkit instead sells groceries from its own small local warehouses (dark stores) and is now the larger growth engine; it came from the 2022 purchase of Grofers, and the events business from a 2024 purchase of Paytm's ticketing arm.
In one line: India's DoorDash plus Instacart-style quick commerce.
Moat: narrow (network effects, scale, brand). The largest food-delivery/quick-commerce network in India creates two-sided network effects with restaurants and riders.
Headquarters: Gurugram, India · Founded: 2008 · Employees: 21,995
Size Eternal (ETERNAL.NS) is an India Information Technology company (Air Freight/Couriers) with a market value of $37.1B, the 25th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹363.15 on 6 Nov 2026.
Performance Over six months the shares gained 41.1%, against +7.5% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 10 in its peer set.
Growth Revenue grew 143.7% over the last twelve months (peer median +13.6%); the operating margin is 0.2% (peer median 16.1%).
Valuation It trades at 313.3× forward earnings against a peer median of 21.6× (most expensive of 10).
Capital Return on invested capital runs 13.4 points below its cost of capital (13.6% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹780B | ₹544B | ₹202B | ₹121B | ₹70.8B |
| Revenue growth | — | +169% | +67% | +71% | — |
| Gross profit | ₹133B | ₹67.7B | ₹45.7B | ₹26.3B | ₹8.68B |
| EBITDA | ₹22.0B | ₹13.7B | ₹6.49B | ₹430M | -₹12.1B |
| Net income | ₹4.93B | ₹3.66B | ₹5.27B | ₹3.51B | -₹9.71B |
| Free cash flow | n/a | -₹1.82B | ₹1.87B | ₹10.5B | -₹4.66B |
| Capital expenditure | n/a | ₹17.5B | ₹9.36B | ₹2.15B | ₹1.03B |
| Total debt | ₹57.6B | ₹45.9B | ₹20.4B | ₹7.49B | ₹5.07B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Eternal ETERNAL.NS | $37.1B | +41% | +144% | 0% | 313.3× | n/a |
| Swiggy SWIGGY.NS | $5.61B | -32% | +42% | -15% | n/a | n/a |
| Amazon AMZN | $2.80T | -5% | +15% | 13% | 26.3× | n/a |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ETERNAL.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.7% | +19.1% | 4th lowest of 10 |
| 6-month return | +41.1% | +7.5% | 2nd highest of 10 |
| Distance from 52-week high | 0.0% | -19.1% | highest of 10 |
| Revenue growth (TTM) | +143.7% | +13.6% | highest of 10 |
| Operating margin | 0.2% | 16.1% | lowest of 10 |
| Forward P/E | 313.3× | 21.6× | most expensive of 10 |
| ROIC minus cost of capital | -13.4 pp | +18.3 pp | lowest of 10 |
| Net debt / EBITDA | 1.2× | -0.6× | most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Eternal ETERNAL.NS | India | $37.1B | +41% | +144% | 0% | 313.3× | n/a | n/a |
| HCL Technologies HCLTECH.NS | India | $41.4B | +22% | +13% | 18% | 19.5× | 11.8% | +11.5% |
| Infosys INFY.NS | India | $50.7B | +2% | +6% | 21% | 15.5× | 6.6% | +12.2% |
| Wipro WIPRO.NS | India | $20.7B | 0% | +8% | 16% | 14.9× | 9.0% | +8.4% |
| Tech Mahindra TECHM.NS | India | $19.0B | +26% | +14% | 14% | 23.9× | 20.3% | +8.5% |
| Tata Consultancy Services TCS.NS | India | $95.7B | +4% | +10% | 25% | 16.2× | 12.0% | +10.2% |
| LTM LTM.NS | India | $13.6B | +2% | +15% | 16% | 21.6× | 23.8% | +27.9% |
| Persistent Systems PERSISTENT.NS | India | $10.6B | +21% | +27% | 16% | 43.9× | 37.4% | +28.6% |
| Coforge COFORGE.NS | India | $9.71B | +62% | +41% | 16% | 35.2× | 34.6% | +28.6% |
| Oracle Financial Services Software OFSS.NS | India | $9.43B | +8% | +28% | 52% | 22.7× | 22.0% | +9.0% |