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Consumer Services · NSE: ETERNAL

ETERNAL LIMITED - Fair Value & Intrinsic Value Estimate

Intrynsic's multi-model valuation estimates ETERNAL LIMITED's fair value at ₹73 per share (range ₹7–₹73) against a market price of ₹280 - a gap of -73.8% (updated 24 July 2026). This is an estimated fair value based on stated assumptions, not investment advice.

Low ₹7Above fair-value est.High ₹73

Market price

₹280

close of 24 Jul 2026

Est. fair value

₹73

₹7–₹73

Gap

-73.8%

price vs estimate

Trading ~74% above our estimated fair-value range. Assumptions and per-model workings are below.

What ETERNAL LIMITED does

Eternal (formerly Zomato) runs India's leading food-delivery app and the Blinkit quick-commerce grocery service. Blinkit's rapid growth now drives most of the company's expansion.

Consumer Services · Other Consumer Services

Health signals

GrowthRevenue +97.3%/yr (3y)Okay

Over the last 3 years, revenue grew 97.3%/yr.

ProfitabilityROE 1.2%Weak

Every ₹100 of shareholder money earned ₹1.2 in profit last year, vs a sector median of 7.7%.

DebtD/E 0.15Good

It holds more cash than debt.

Valuation-74% vs estimateWeak

The market price is above our estimated fair-value range (based on stated assumptions).

Quality₹85 cash per ₹100 profitOkay

About ₹85 of every ₹100 of reported profit turned into free cash (median, last 5 years); operating cash flow was positive in 3 of 5 years.

The valuation, explained- models, weights & assumptions ▾

Intrynsic values ETERNAL LIMITED with 3 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.

ModelEstimated valuevs priceWeight
EV/EBITDAIndustry Comparison Method₹57-80%-
P/E MultipleEarnings Multiple Method₹7-97%-
EV/RevenueRevenue Multiple Method₹73-74%-

Key assumptions

Risk-free rate
7.0%
Equity risk premium
6.5%
Beta
1.096
Cost of equity
14.1%
Terminal growth
5.0%
Tax rate
25%

Reverse DCF: today's market price implies the company must grow free cash flow about 60.0% a year for the next decade - versus 89.8% historical revenue growth.

Key financialsFY17–FY26

Full statements & analysis →
Revenue₹54,364 Cr
Net profit₹366 Cr
EPS₹0.38
Free cash flow₹-1,119 Cr
ROE (latest)1.2%
Revenue growth (CAGR)82.3%

Peers

Cartrade Tech Limited₹14,301 CrP/E 63.9ROE 9.8%
Macfos Limited₹1,231 CrP/E 47.3ROE 27.1%
PACE E-COMMERCE VENTURES LIMITED₹33 CrP/E 8.3ROE 5.0%
Intrasoft Technologies Limited₹126 CrP/E 9.5ROE 4.9%
FSN E-Commerce Ventures Limited₹93,666 CrP/E 466.8ROE 14.2%
AHASOLAR TECHNOLOGIES LIMITED₹23 CrP/E 108.8ROE 1.4%
Ask AI about ETERNAL LIMITEDChat with Intrynsic's research agent about results, risks and filings.Sign up free →Track it in your watchlistFair-value alerts, result-day briefs and portfolio analytics.Sign up free →See the full model workingsEvery assumption, per-model trace, reverse DCF and peer lens.Sign up free →

Frequently asked questions

What is ETERNAL LIMITED's intrinsic value?

Intrynsic's multi-model valuation estimates ETERNAL LIMITED's fair value at ₹73 per share (range ₹7–₹73), last updated 24 July 2026. This is an estimate based on stated assumptions, not investment advice.

Is ETERNAL LIMITED overvalued or undervalued?

ETERNAL LIMITED trades at ₹280 against Intrynsic's estimated fair value of ₹73 - the market price is 74% above the estimate, i.e. above our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.

What is ETERNAL LIMITED's P/E ratio?

ETERNAL LIMITED trades at about 736.8 times its latest annual earnings per share.

What does ETERNAL LIMITED do?

Eternal (formerly Zomato) runs India's leading food-delivery app and the Blinkit quick-commerce grocery service. Blinkit's rapid growth now drives most of the company's expansion.

How is ETERNAL LIMITED's fair value calculated?

Intrynsic runs 3 valuation models for ETERNAL LIMITED (EV/EBITDA, P/E Multiple, EV/Revenue) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.

Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions - they are not investment advice, research recommendations, or an offer to transact in any security. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy

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