Eternal Ltd

Eternal Ltd

₹ 335 0.24%
29 Oct 9:16 a.m.
About

Incorporated in 2010, Zomato Limited is one of the leading online Food Service platforms in terms of the value of food sold. Its offerings include food delivery, dining-out services, Loyalty programs, and others.

As of December 31, 2020, Zomato has established a strong footprint across 23 countries with 131,233 active food delivery restaurants, 161,637 active delivery partners, and an average monthly food order of 10.7 million customers.[1]

Key Points

Business Segments
1) Food Delivery (44% in H1 FY25 vs 81% in FY22): [1] [2] The company operates Zomato, a B2C technology platform that allows customers to discover local restaurants, order food, and have it delivered through a last-mile network of independent delivery partners, with a presence in 800+ cities. The segment revenue grew by 35% YoY in H1 FY25, driven by a 24% rise in Gross Order Value (GOV). [3] [4] [5] [6]

  • Market Cap 3,23,888 Cr.
  • Current Price 335
  • High / Low 368 / 190
  • Stock P/E 1,723
  • Book Value 31.9
  • Dividend Yield 0.00 %
  • ROCE 2.66 %
  • ROE 1.71 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 95.5 days to 44.9 days

Cons

  • Stock is trading at 10.5 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of -0.64% over last 3 years.
  • Earnings include an other income of Rs.1,326 Cr.
  • Debtor days have increased from 27.5 to 35.1 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
1,661 1,948 2,056 2,416 2,848 3,288 3,562 4,206 4,799 5,405 5,833 7,167 13,590
1,973 2,314 2,282 2,464 2,895 3,237 3,476 4,029 4,573 5,243 5,761 7,052 13,351
Operating Profit -312 -366 -226 -48 -47 51 86 177 226 162 72 115 239
OPM % -19% -19% -11% -2% -2% 2% 2% 4% 5% 3% 1% 2% 2%
170 173 171 181 212 219 235 236 221 252 368 354 352
Interest 12 16 15 18 16 18 20 25 30 43 56 67 86
Depreciation 107 155 134 130 128 128 140 149 180 247 287 314 376
Profit before tax -261 -364 -204 -15 21 124 161 239 237 124 97 88 129
Tax % -4% -5% -8% -113% -71% -11% -9% -6% 26% 52% 60% 72% 50%
-251 -347 -188 2 36 138 175 253 176 59 39 25 65
EPS in Rs -0.29 -0.41 -0.22 0.00 0.04 0.16 0.20 0.29 0.20 0.06 0.04 0.03 0.07
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
466 1,313 2,605 1,994 4,192 7,079 12,114 20,243 31,995
558 3,556 4,909 2,461 6,043 8,290 12,071 19,595 31,407
Operating Profit -92 -2,243 -2,305 -467 -1,851 -1,211 43 648 588
OPM % -20% -171% -88% -23% -44% -17% 0% 3% 2%
21 1,285 16 -200 793 682 846 1,066 1,326
Interest 6 9 13 10 12 49 72 154 252
Depreciation 29 43 84 138 150 437 526 863 1,224
Profit before tax -107 -1,010 -2,386 -815 -1,220 -1,015 291 697 438
Tax % 0% 0% 0% 0% 0% -4% -21% 24%
-107 -1,010 -2,386 -816 -1,222 -971 351 527 188
EPS in Rs -3,070.18 -28,574.18 -70,096.54 -23,123.76 -1.54 -1.14 0.40 0.55 0.20
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 51%
3 Years: 69%
TTM: 102%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: 32%
TTM: -75%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 75%
1 Year: 33%
Return on Equity
10 Years: %
5 Years: -3%
3 Years: -1%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.03 0.03 0.03 0.00 764 836 868 907 910
Reserves 1,036 2,356 457 7,644 15,741 18,624 19,545 29,410 29,912
186 348 326 527 70 507 749 2,045 3,351
152 709 2,117 532 751 1,632 2,194 3,261 3,942
Total Liabilities 1,374 3,413 2,900 8,704 17,327 21,599 23,356 35,623 38,115
190 389 1,591 1,539 1,404 6,344 6,448 9,532 11,083
CWIP 1 1 1 0 1 7 18 51 116
Investments 829 2,145 324 2,205 4,718 6,765 11,645 13,192 14,758
354 879 985 4,959 11,204 8,483 5,245 12,848 12,158
Total Assets 1,374 3,413 2,900 8,704 17,327 21,599 23,356 35,623 38,115

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-2,144 -1,018 -693 -844 646 308
1,740 -5,245 -7,971 797 -348 -7,993
359 6,402 8,750 -127 -207 8,042
Net Cash Flow -45 139 86 -174 91 357

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 20 20 17 24 14 24 24 35
Inventory Days 28 28 22 11 12
Days Payable 565 298 178 112 101
Cash Conversion Cycle 20 20 17 -513 -257 -132 -77 -54
Working Capital Days -43 -31 -20 96 316 200 41 45
ROCE % -115% -135% -12% -13% -6% 1% 3%

Shareholding Pattern

Numbers in percentages

20 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
56.74% 54.61% 54.43% 54.72% 54.88% 55.11% 54.11% 52.53% 47.31% 44.36% 42.34% 39.04%
7.43% 8.04% 9.93% 13.04% 15.47% 15.28% 15.79% 17.32% 20.51% 23.47% 26.49% 30.04%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.10% 0.10% 0.10%
33.57% 35.15% 33.56% 30.42% 27.98% 28.05% 28.64% 28.86% 26.09% 26.08% 25.17% 25.12%
2.26% 2.22% 2.09% 1.82% 1.66% 1.58% 1.45% 1.27% 6.07% 5.98% 5.91% 5.71%
No. of Shareholders 18,10,84419,10,05817,10,36817,08,10017,27,99619,16,41621,40,94223,56,30825,20,80427,91,93024,99,81322,68,441

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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