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I-Sec maintains Buy on Eternal, target price Rs 310

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ICICI Securities has maintained a buy call on Eternal with a target price of Rs 310. The current market price of Eternal is Rs 251.05. Eternal (Zomato), incorporated in 2010, is a Small Cap company (having a market cap of Rs 243333.59 crore, operating in Services sector.

Eternal’s key products/revenue segments include Service Revenue, Royalty Income, Traded Goods for the year ending 31-Mar-2024.

Financials
For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 6201.00 crore, up 9.62 % from last quarter Total Income of Rs 5657.00 crore and up 63.31 % from last year same quarter Total Income of Rs 3797.00 crore. The company has reported net profit after tax of Rs 39.00 crore in the latest quarter.

The company’s top management includes Mr.Kaushik Dutta, Mr.Deepinder Goyal, Mr.Sanjeev Bikhchandani, Ms.Aparna Popat Ved, Ms.Gunjan Tilak Raj Soni, Ms.Namita Gupta, Ms.Sutapa Banerjee. Company has Deloitte Haskins & Sells as its auditors. As on 31-03-2025, the company has a total of 965 crore shares outstanding.


Investment Rationale
ICICI Securities reiterates BUY on Eternal and maintains a three-stage DCF-based target price of Rs 310, assuming 11.5% WACC and 5% terminal growth.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.



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