MarketFriction

Eternal Ltd

NSE ETERNAL · BSE 543320 · E-Retail/ E-Commerce
₹313.90 -1.91%
NSE close2026-10-01
52 week range212.60 - 368.45
Market cap₹3,16,387 Cr.
P/E731
IPO 2021 · +313% since Nifty 50Nifty 100Nifty 200Nifty 500Nifty India Consumption No price band Delivery 51.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,8483,2883,5624,2064,7995,4055,8337,16713,59016,31517,29220,211
Expenses2,8953,2373,4764,0294,5735,2435,7617,05213,35115,94716,80619,617
Operating Profit-47518617722616272115239368486594
OPM %-1.6%1.6%2.4%4.2%4.7%3.0%1.2%1.6%1.8%2.3%2.8%2.9%
Other Income212219235236221252368354352348342375
Interest161820253043566786107132151
Depreciation128128140149180247287314376439468546
Profit before tax211241612392371249788129170228272
Tax %-71%-11%-9%-6%26%52%60%72%50%40%24%66%
Net Profit361381752531765939256510217492
EPS in Rs0.040.160.200.290.200.060.040.030.070.110.180.10
Mar 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
Operating Profit-92-2,243-2,305-467-1,851-1,211436371,2081,687
OPM %-20%-171%-88%-23%-44%-17%0.3%3.1%2.2%2.5%
Other Income211,28516-2007936828461,0771,3961,417
Interest691310124972154392476
Depreciation2943841381504375268631,5971,829
Profit before tax-107-1,010-2,386-815-1,220-1,015291697615799
Tax %0%0%0%0%0%-4%-21%24%40%
Net Profit-107-1,010-2,386-816-1,222-971351527366433
EPS in Rs-3,070.18-28,574.18-70,096.54-23,123.76-1.54-1.140.400.550.380.46
Dividend Payout %0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%94%97%191%
Compounded Profit Growth%17%28%45%
Stock Price CAGR%19%48%1%
Return on Equity%-2%1%0%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.030.030.030.00764836868907919
Reserves1,0362,3564577,64415,74118,62419,54529,41030,061
Borrowings186348326527705077492,0454,592
Other Liabilities1527092,1175327511,6322,1943,2615,150
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 Assets1,3743,4132,9008,70417,32721,59923,35635,62340,722
Mar 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
CFO/OP92%222%36%67%1,747%67%83%
Mar 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%-6%1%3%2%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
FIIs54.72%54.88%55.11%54.11%52.53%47.31%44.36%42.34%39.04%36.24%32.61%29.09%
DIIs13.04%15.47%15.28%15.79%17.32%20.51%23.47%26.49%30.04%32.61%35.88%39.21%
Government0.00%0.00%0.00%0.00%0.00%0.03%0.10%0.10%0.10%0.10%0.10%0.11%
Public30.42%27.98%28.05%28.64%28.86%26.09%26.08%25.17%25.12%25.47%26.68%26.99%
Others1.82%1.66%1.58%1.45%1.27%6.07%5.98%5.91%5.71%5.58%4.73%4.61%
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

Fundamentals

Market Cap₹ 3,16,387 Cr.
Current Price₹ 328
Stock P/E731
Book Value₹ 32.1
ROCE2.48 %
ROE0.38 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)191%
Compounded Profit Growth (TTM)45%
Consolidated figures.
Valuation
Market capRs 284,707 Cr
Enterprise valueRs 283,138 Cr
P/E (TTM)657.52x
Price to book9.39x
Price to sales4.22x
EV / EBITDA91.22x
EV / EBIT222.07x
EV / sales4.20x
Price to cash flow924.37x
Earnings yield0.15%
P/E, 3-year average398.74x
P/B, 3-year average5.32x
P/E, 5-year average398.74x
P/B, 5-year average4.95x
Profitability
Operating margin (excl. other income)3.15%
Operating margin (incl. other income)8.47%
EBITDA margin4.60%
Pre-tax margin1.19%
Net profit margin0.64%
Net margin, latest quarter0.46%
ROE2.08%
ROCE3.18%
ROA1.79%
ROE, 3-year average-0.52%
ROCE, 3-year average-0.11%
ROA, 3-year average-0.55%
ROE, 5-year average-6.33%
ROCE, 5-year average-5.62%
ROA, 5-year average-4.99%
ROIC (approx.)3.35%
Tax rate24.39%
Other income / net worth3.55%
Growth
Sales growth (latest year)67.10%
Profit growth (latest year)50.14%
Sales CAGR, 3 years69.02%
Sales CAGR, 5 years50.70%
Sales growth QoQ16.88%
Profit growth QoQ-47.13%
Sales growth YoY (latest quarter)182.00%
Profit growth YoY (latest quarter)268.00%
Per share
EPS (TTM)Rs 0.48
EPS (latest year)Rs 0.58
EPS (latest quarter)Rs 0.10
EPS, 3-year averageRs -0.06
EPS, 5-year averageRs -5,249.12
Book value per shareRs 33.43
Sales per shareRs 74.32
Cash flow per shareRs 0.34
Free cash flow per shareRs -1.23
Efficiency
Asset turnover0.57x
Fixed asset turnover2.12x
Inventory turnover39.99x
Inventory days9 days
Debtor days35 days
Debtors turnover10.40x
Creditor days36 days
Cash conversion cycle2 days
Working capital days23 days
Leverage
Total debtRs 2,045 Cr
Cash and bankRs 3,614 Cr
Net debtRs -1,569 Cr
Debt to equity0.07x
Net debt / EBITDA-0.51x
Interest coverage2.68x
Current ratio (filing 2026-03-31)2.77x
Quick ratio (filing 2026-03-31)2.38x
Trade payables (filing 2026-03-31)Rs 3,010 Cr
Owners' fund to total sources85.11%
Debt to assets5.74%
Cash flow
Cash from Operating Activity (latest year)Rs 308 Cr
Cash from Investing Activity (latest year)Rs -7,993 Cr
Cash from Financing Activity (latest year)Rs 8,042 Cr
Net Cash Flow (latest year)Rs 357 Cr
Free cash flow (latest year)Rs -1,114 Cr
FCFE (approx.: FCF + change in debt)Rs 182 Cr
Sales to cash flow65.72x
Statement figures
Net sales (TTM)Rs 67,408 Cr
Net sales (latest year)Rs 20,243 Cr
Sales (latest quarter)Rs 20,211 Cr
Operating profit excl. other income (latest year)Rs 637 Cr
Operating profit (latest quarter)Rs 594 Cr
Other income (TTM)Rs 1,417 Cr
EBITDA (TTM)Rs 3,104 Cr
PBDT (TTM)Rs 2,628 Cr
Profit before tax (TTM)Rs 799 Cr
Tax (latest year)Rs 170 Cr
Net profit (TTM)Rs 433 Cr
Net profit (latest year)Rs 527 Cr
Net profit (latest quarter)Rs 92 Cr
Depreciation (TTM)Rs 1,829 Cr
Depreciation (latest quarter)Rs 546 Cr
Interest (TTM)Rs 476 Cr
Cost of goods sold (latest year)Rs 7,039 Cr
Total expenditure (latest year)Rs 19,606 Cr
Total income (latest year)Rs 21,320 Cr
Share capitalRs 907 Cr
ReservesRs 29,410 Cr
Shareholders' fundsRs 30,317 Cr
Total assetsRs 35,623 Cr
Net blockRs 9,532 Cr
Capital work in progressRs 51 Cr
InvestmentsRs 13,192 Cr
ReceivablesRs 1,946 Cr
InventoryRs 176 Cr
Other liabilitiesRs 3,261 Cr
Shares outstanding (crore)907.00
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 9.39 is at the 41th percentile (median 9.84).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodETERNALNifty 50Difference
1 week-6.4%-2.8% -3.7 pts
1 month-4.2%-6.8% +2.6 pts
3 months+11.5%-7.6% +19.1 pts
6 months+37.1%+0.4% +36.7 pts
1 year-5.5%-9.9% +4.4 pts
2 years+5.7%-13.6% +19.2 pts
3 years+209.3%+14.2% +195.1 pts
5 years+127.5%+27.9% +99.6 pts
563 mutual fund schemes hold about ₹82,137 Cr. Over three months 318 bought more and 136 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Flexi Cap Fund3.39%3,847 -0%
Motilal Oswal Midcap Fund6.46%2,769 -3%
Kotak Flexi Cap Fund4.07%2,297 +10%
Kotak Flexi Cap Fund4.07%2,286 +10%
HDFC Balanced Advantage Fund1.65%1,771 +10%
ICICI Pru Balanced Advantage Fund(M2.13%1,610 -2%
UTI Flexi Cap Fund6.38%1,541 -4%
HDFC Mid Cap Fund1.30%1,409 +11%
HDFC Focused Fund4.80%1,353 +3%
Axis Large Cap Fund3.99%1,251 +4%
Nippon India Growth Mid Cap Fund2.38%1,247 -3%
Kotak Large & Mid Cap Fund3.65%1,181 +8%
Kotak Mid Cap Fund1.65%1,175 -32%
Motilal Oswal Large & Midcap Fund5.37%1,083 -4%
Axis ELSS-Tax Saver Fund3.24%1,057 +3%
Mirae Asset Large Cap Fund2.72%1,055 -8%
Canara Rob Large and Mid Cap Fund3.78%994 +6%
HDFC Large Cap Fund2.49%993 +9%
Motilal Oswal Large & Midcap Fund5.37%991 -4%
Nippon India Large Cap Fund1.82%986 +3%
Kotak Multi Cap Fund3.34%978 +35%
Invesco India Large & Mid Cap Fund8.25%969 +0%
ICICI Pru Flexi Cap Fund3.71%961 -6%
SBI Large Cap Fundd1.73%951 +11%
Motilal Oswal Flexi Cap Fund6.37%902 +4%

Red flags

F-score 4 of 8
lookProfit leans on other income Other income was 155% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹20,211 Cr +182.0% vs Jun 2025. Net profit ₹92 Cr +268.0%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
DateTypeWhat it says
2026-10-01ESOPEternal Limited for informed the exchange regarding grant of stock options pursuant to approval of nomination and remuneration committee.
2026-09-18General UpdatesEternal Limited has filed with exchange ESG rating assigned by Niche Ninety Nine Capability and Certifications (OPC) Private Limited
2026-09-11Concall / analyst meetEternal Limited has informed the exchange about schedule of participation in investor conference.
2026-09-03General UpdatesEternal Limited has filed with Exchange ESG rating assigned by CRISIL ESG Credit Rating & Analytics Limited
2026-08-27Shareholder meetingEternal Limited has submitted with exchange copy of scrutinizers report and voting results of 16th Annual General Meeting of the Company held on Augus...
2026-08-26Shareholder meetingEternal Limited has informed the exchange regarding proceedings of 16th Annual General Meeting of the Company held on August 26, 2026.
2026-07-30General UpdatesEternal Limited has informed the stock exchange regarding dispatch of physical communication to shareholders who have not registered their email addre...
2026-07-29Shareholder meetingEternal Limited has filed with the exchange notice of 16th annual general meeting to be held on August 26, 2026.
2026-07-29Concall / analyst meetTranscript
2026-07-22Monitoring Agency ReportEternal Limited has filed with exchange monitoring agency report for quarter ended June 30, 2026.
2026-07-22UpdatesEternal Limited has filed with the exchange Code of practices and procedures for fair disclosure of unpublished price sensitive information.
2026-07-22Sale or disposalEternal limited has informed the exchange regarding business transfer agreement between Company and Carthero Technologies Private Limited, wholly owne...
2026-07-22General UpdatesEternal Limited has filed with exchange copy of shareholders letter dated July 22, 2026.
2026-07-22Board meeting outcomeOutcome of board meeting dated July 22, 2026.
2026-07-15Concall / analyst meetEternal Limited has informed the exchange that the Company will hold its Earnings Conference Call on Wednesday, July 22, 2026 at 5:00 P.M. (IST), to d...
2026-07-01ESOPEternal Limited has informed the exchange regarding grant of stock options pursuant to approval of nomination and remuneration committee.
2026-06-10General UpdatesEternal Limited has informed the exchange regarding order received from Deputy Commissioner (ST), State Special Circle-I, Andhra Pradesh
2026-05-06Concall / analyst meetEternal Limited has filed with the Exchange transcript of the earnings conference call conducted on April 28, 2026.
2026-04-28Monitoring Agency ReportEternal Limited has filed with exchange monitoring agency report for quarter ended March 31, 2026.
2026-04-28Sale or disposalEternal limited has informed the exchange about asset transfer agreement entered between the Company and Wasteland Entertainment Private Limited, whol...
2026-04-28General UpdatesEternal limited has filed with exchange shareholders letter dated April 28, 2026
2026-04-28Board meeting outcomeOutcome of Board meeting dated April 28, 2026.
2026-04-22Concall / analyst meetEternal Limited has informed the exchange that the Company will hold its earnings conference call on Tuesday, April 28, 2026 at 5:00 PM IST, to discus...
2026-04-01ESOPEternal limited has informed the exchange regarding grant of stock options pursuant to approval of nomination and remuneration committee
2026-03-18General UpdatesEternal Limited has informed exchange regarding orders received from Additional Commissioner, CGST Gurugram Commissionerate, Gurugram, Haryana and Ass...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.69
Max pain (expiry 2026-10-27)325
Largest call open interest at330
Largest put open interest at330
Implied volatility, at the money33.5%
Underlying at snapshot313.90
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-302,393
2026-09-299,548
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Eternal Ltd?

Eternal Ltd (ETERNAL) has a market capitalisation of Rs 3,16,387 Cr. at the 2026-10-01 close.

What is the P/E ratio of Eternal Ltd?

Eternal Ltd trades at a P/E of 731 on trailing twelve-month profit, at the 2026-10-01 close.

What were Eternal Ltd's latest quarterly results?

In the Jun 2026 quarter, Eternal Ltd sales was Rs 20,211 Cr (+182.0% vs Jun 2025) and net profit was Rs 92 Cr.

What is the 52-week high and low of Eternal Ltd?

The 52-week high is Rs 368.45 and the 52-week low is Rs 212.60.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03