Hello,
One of the most requested stock analyses in India is Zomato, now rebranded and listed as Eternal Ltd (Ticker: Eternal). The company is guided by an ambitious vision:
The company’s businesses are involved in the following businesses
The Eternal limited business is showing signs of further potential with the gross revenue increasing over the last 5 years. On a bigger timeframe, revenue has scaled from INR 4.66 billion in 2017 to reach a high of INR 202.43 billion in 2024. The company broke even in 2023 and the net income increased by over 50% in 2024 to reach INR 5.7 billion. With a positive earnings per share, we are confident that there is greater opportunity for early investors. The companies within the holdings continue to build resilient businesses within their lines. The Zomato business has scaled well and can now be seen as sustainably profitable. While Blinkit Quick commerce is yet to achieve profitability we noted that the business is scaling rapidly with the average monthly transacting customers increasing by over 100% in the financial year 2025. This is largely being driven by a business that
We see immense opportunity in the District going out business since it remains a market that is untapped. District going out is a dedicated going-out app that enables discovery and transactions for multiple going-out experiences including dining out, movies, sports & other live events. We see the opportunity for this business to be used in ticketing and dining/hotel reservations in the future. While the business is yet to achieve profitability, its revenue continues to grow immensely. In the Financial year 2025 alone, revenue for this product line grew by over 186%.
Eternal ltd, the holding entity of all the businesses maintains a robust balance sheet with assets as at the end of 2024 at INR 356.23 billion. Total liabilities for the business as at the end of 2024 stood at INR 53.13 billion. The company has free cashflow of INR 1.87 billion with a huge amount of cash used in investing. This is agreeable since the company is in the growth phase and has a great potential for further growth. We expect that the business should be able to give dividends in the future once it achieves sustainable growth.
From a technical perspective the share price of this stock has grown by more than 5 times. Due to the immense growth in share price of this company, we expected a correction on the stock. The correction is currently happening. The price has reached its 2025 bottom and is bouncing back. The MACD indicator is also showing signs of bullish crossover further confirming the upside trend. We continue to see opportunity for this company and recommend a BUY.
You can get more details on the financial statements, financial ratios, revenue lines, next earnings date on Tradingview via in.tradingview.com/symbols/NSE-ETERNAL/financials-overview/
One of the most requested stock analyses in India is Zomato, now rebranded and listed as Eternal Ltd (Ticker: Eternal). The company is guided by an ambitious vision:
- Better food for more people
- Instant commerce indistinguishable from magic
- World class going out experiences in India
- Make India malnutrition free
The company’s businesses are involved in the following businesses
- Zomato food delivery: Food ordering and delivery business
- Blinkit Quick commerce: Quick delivery (in 10 minutes) of products across categories (fresh, staples, electronics, beauty, general merchandise, festive needs ++)
- District Going out: Enabling discovery and transactions across going-out experiences including dining-out, movies, sports and live events
- Hyperpure B2B supplies: B2B business supplying quality food ingredients & other products to restaurants and other B2B buyers
The Eternal limited business is showing signs of further potential with the gross revenue increasing over the last 5 years. On a bigger timeframe, revenue has scaled from INR 4.66 billion in 2017 to reach a high of INR 202.43 billion in 2024. The company broke even in 2023 and the net income increased by over 50% in 2024 to reach INR 5.7 billion. With a positive earnings per share, we are confident that there is greater opportunity for early investors. The companies within the holdings continue to build resilient businesses within their lines. The Zomato business has scaled well and can now be seen as sustainably profitable. While Blinkit Quick commerce is yet to achieve profitability we noted that the business is scaling rapidly with the average monthly transacting customers increasing by over 100% in the financial year 2025. This is largely being driven by a business that
- Mirrors existing offline customer behaviour in India where frequent top-up purchases are delivered quickly when needed
- Addresses majority of customer’s needs across multiple categories such as food (staples and fresh), electronics, beauty, general merchandise, festive needs +)
- Is rreliable (quick delivery eliminates the need for planning)
We see immense opportunity in the District going out business since it remains a market that is untapped. District going out is a dedicated going-out app that enables discovery and transactions for multiple going-out experiences including dining out, movies, sports & other live events. We see the opportunity for this business to be used in ticketing and dining/hotel reservations in the future. While the business is yet to achieve profitability, its revenue continues to grow immensely. In the Financial year 2025 alone, revenue for this product line grew by over 186%.
Eternal ltd, the holding entity of all the businesses maintains a robust balance sheet with assets as at the end of 2024 at INR 356.23 billion. Total liabilities for the business as at the end of 2024 stood at INR 53.13 billion. The company has free cashflow of INR 1.87 billion with a huge amount of cash used in investing. This is agreeable since the company is in the growth phase and has a great potential for further growth. We expect that the business should be able to give dividends in the future once it achieves sustainable growth.
From a technical perspective the share price of this stock has grown by more than 5 times. Due to the immense growth in share price of this company, we expected a correction on the stock. The correction is currently happening. The price has reached its 2025 bottom and is bouncing back. The MACD indicator is also showing signs of bullish crossover further confirming the upside trend. We continue to see opportunity for this company and recommend a BUY.
- Long term buyers have an opportunity to double their money just by holding this stock.
- Short to medium term investors can look for 21% upside as a potential point to look to take profits.
You can get more details on the financial statements, financial ratios, revenue lines, next earnings date on Tradingview via in.tradingview.com/symbols/NSE-ETERNAL/financials-overview/
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Free stock markets analysis Telegram channel:
t.me/stocksfromtechnicaleye
Paid trading group
patreon.com/thesharkke
Reliable broker
go.tradenation.com/visit/?bta=37130&brand=tradenation
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.