Eternal Ltd
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]
- Market Cap ₹ 2,20,298 Cr.
- Current Price ₹ 228
- High / Low ₹ 305 / 146
- Stock P/E 418
- Book Value ₹ 31.4
- Dividend Yield 0.00 %
- ROCE 3.18 %
- ROE 2.08 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- Stock is trading at 7.27 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 -0.49% over last 3 years.
- Earnings include an other income of Rs.1,077 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.
Peer comparison
Sector: E-Commerce/App based Aggregator Industry: Miscellaneous
Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|
466 | 1,313 | 2,605 | 1,994 | 4,192 | 7,079 | 12,114 | 20,243 | |
558 | 3,556 | 4,909 | 2,461 | 6,043 | 8,290 | 12,071 | 19,606 | |
Operating Profit | -92 | -2,243 | -2,305 | -467 | -1,851 | -1,211 | 43 | 637 |
OPM % | -20% | -171% | -88% | -23% | -44% | -17% | 0% | 3% |
21 | 1,285 | 16 | -200 | 793 | 682 | 846 | 1,077 | |
Interest | 6 | 9 | 13 | 10 | 12 | 49 | 72 | 154 |
Depreciation | 29 | 43 | 84 | 138 | 150 | 437 | 526 | 863 |
Profit before tax | -107 | -1,010 | -2,386 | -815 | -1,220 | -1,015 | 291 | 697 |
Tax % | 0% | 0% | 0% | 0% | 0% | -4% | -21% | 24% |
-107 | -1,010 | -2,386 | -816 | -1,222 | -971 | 351 | 527 | |
EPS in Rs | -3,070.18 | -28,574.18 | -70,096.54 | -23,123.76 | -1.54 | -1.14 | 0.40 | 0.55 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 51% |
3 Years: | 69% |
TTM: | 67% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 33% |
TTM: | 136% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 58% |
1 Year: | 21% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -3% |
3 Years: | 0% |
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 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 0.03 | 0.03 | 0.03 | 0.00 | 764 | 836 | 868 | 907 |
Reserves | 1,036 | 2,356 | 457 | 7,644 | 15,741 | 18,624 | 19,545 | 29,410 |
186 | 348 | 326 | 527 | 70 | 507 | 749 | 2,045 | |
152 | 709 | 2,117 | 532 | 751 | 1,632 | 2,194 | 3,261 | |
Total Liabilities | 1,374 | 3,413 | 2,900 | 8,704 | 17,327 | 21,599 | 23,356 | 35,623 |
190 | 389 | 1,591 | 1,539 | 1,404 | 6,344 | 6,448 | 9,532 | |
CWIP | 1 | 1 | 1 | 0 | 1 | 7 | 18 | 51 |
Investments | 829 | 2,145 | 324 | 2,205 | 4,718 | 6,765 | 11,645 | 13,192 |
354 | 879 | 985 | 4,959 | 11,204 | 8,483 | 5,245 | 12,848 | |
Total Assets | 1,374 | 3,413 | 2,900 | 8,704 | 17,327 | 21,599 | 23,356 | 35,623 |
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 | -28 | -23 | -18 | 100 | 317 | 208 | 46 | 93 |
ROCE % | -115% | -135% | -12% | -13% | -6% | 1% | 3% |
Documents
Announcements
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
1d - Shareholders approved 49.50% cap on aggregate foreign ownership via postal ballot.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
8 May - Eternal Limited has filed with the Exchange transcript of earnings conference call conducted on May 1, 2025
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
1 May - ICRA report confirms Rs. 8,436 Cr QIP proceeds utilized as per objects, no deviations for quarter ending Mar 31, 2025.
- Financial Results For The Quarter And Financial Year Ended March 31, 2025. 1 May
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Shareholders Letter
1 May - Q4FY25: 60% revenue growth, EBITDA down 15%, new NOV metric, aggressive quick commerce expansion.
Annual reports
Concalls
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May 2025Transcript PPT
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Jan 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Jan 2024TranscriptPPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT REC
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022TranscriptPPT
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Sep 2022TranscriptNotesPPT
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Aug 2022TranscriptPPT
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Jun 2022TranscriptNotesPPT
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May 2022TranscriptPPT
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Mar 2022TranscriptNotesPPT
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]