Back to universe
E(
Eternal (Zomato)
B+Hold / WatchlistETERNAL · NSE · Mega Cap · Quick Commerce
Food DeliveryQuick Commerce
Fetching live…
₹285
1D 0.6%1M 4.2%1Y 38%
Fundamental (RQ-100)
64
Technical (TQ-100)
55
Valuation
24
Market cap
₹2.45L Cr
Live decision ratingBSell / Avoid
Fundamental score breakdown
64/100Growth Quality
20.0 / 20
Rev 1Y 64.0%, 3Y CAGR 58.0%, 5Y CAGR 72.0%
Margin & Profitability
2.9 / 15
EBITDA 4.0%, PAT 2.0%
Return on Capital
2.0 / 20
ROCE 5.0%, ROE 4.0%
Cash Flow Quality
13.0 / 15
OCF/EBITDA 0.85
Leverage
10.0 / 10
ND/EBITDA -8.00
Reinvestment
7.0 / 8
Capex/Sales 4.0%
Accounting
5.0 / 7
Governance
4.0 / 5
Technical score breakdown
55/100Trend Structure
8.0 / 20
↓ 200 · ↓ 50 · ↓ 20
Momentum
11.0 / 15
1Y 38.0%, 1M 4.2%
Volume Dynamics
8.0 / 15
Vol30 —%
Relative Strength
13.0 / 15
1Y 38.0%
MA Cluster
5.0 / 10
Extension
5.0 / 10
—% from 50DMA
Volatility
4.0 / 8
Price Action
1.0 / 7
-100.0% from 52W H
Business
What this company actually does
Food delivery (Zomato), quick commerce (Blinkit), going-out (District), B2B (Hyperpure). India's most direct listed q-comm + food delivery play.
Stores
—
Dark stores
1,300
Cities
80
Listed status
Listed
Format exposure
How direct is this play?
Primary formatQuick Commerce
Exposure typePure-play
Revenue visibilityHigh
Operating leverage stageInvestment
Policy beneficiary6 mapped
Data confidenceMedium
Financial snapshot
Live · green dot = live, falls back to curated
Revenue
₹22.0K Cr
Rev 1Y growth
64%
Rev 3Y CAGR
58%
EBITDA margin
4.0%
PAT margin
2.0%
ROE
4%
ROCE
5%
OCF/EBITDA
0.85
Net Debt/EBITDA
-8.0
Financial statements
Multi-year P&L, balance sheet, cash flow — scraped live from Screener.in
Fetching from Screener.in…
Loading…
Valuation
Live multiples + retail-specific (curated)
P/E
320
Forward P/E
272
EV/EBITDA
280
EV/Sales
18.0
EV/GMV
1.40
EV/Order
₹380
P/B
12.0
FCF Yield
0.2%
Aggressive multiple. Needs flawless execution to justify.
Retail KPIs
The unit-economics that define the format
GMV
₹95.0K Cr
Orders (mn)
1,200
AOV
₹480
MTU (mn)
24.0
Contribution margin
4.2%
Take rate
22%
Policy beneficiary
Regulations that move the P&L
DPIIT Press Note 2 (2018) — FDI in E-commerce
Forces marketplace structure on Blinkit
Mixed
-50 bps
GST on Quick Commerce + Restaurant Services
Aggregator GST liability + delivery-fee classification risk
Negative
-75 bps
State Gig Worker Welfare Cess
Cess on Blinkit + Zomato GMV
Negative
-120 bps
Open Network for Digital Commerce (ONDC)
Take-rate compression risk
Negative
-40 bps
Consumer Protection (E-Commerce) Rules, 2020
Marketplace fall-back liability
Mixed
-10 bps
Digital Personal Data Protection Act, 2023
Ad-tech revenue at risk if consent flows weaken
Mixed
-20 bps
Investment thesis
AI-generated · always cite sources before acting
Bull
Best-in-class 5% ROCE with 0.85 OCF conversion. Compounding revenue at 58% CAGR. Pure-play exposure to Quick Commerce. Technical setup constructive — stock above key moving averages.
Base
Earnings growth of ~64% over the next 3 years assuming margins hold. Multiple compression risk if growth slows; multiple expansion possible if Quick Commerce GMV outperforms.
Bear
Premium multiple has no margin for error. Capital efficiency below cost of capital. Format-level risk: regulation, gig-cess, or competitive pressure compress contribution margin.
Variant perception
Consensus views Eternal (Zomato) as a decent operator. Our differentiated take: the current multiple already prices in mid-cycle outcomes.
Key monitorables
- Quarterly contribution margin trajectory
- SSSG vs guidance
- Capex vs store/dark-store adds
- Promoter holding and ESOP dilution
Peers
Same primary format · sorted by market cap