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ETERNAL - Fundamental Analysis: Financial Health & Valuation

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Rating: 2.7

Last Updated Time : 02 Feb 26, 01:08 pm

Fundamental Rating: 2.7

Stock Code ETERNAL Market Cap 2,60,030 Cr. Current Price 270 ₹ High / Low 368 ₹
Stock P/E 103 Book Value 37.1 ₹ Dividend Yield 0.00 % ROCE 7.34 %
ROE 6.55 % Face Value 1.00 ₹ DMA 50 286 ₹ DMA 200 285 ₹
Chg in FII Hold -2.80 % Chg in DII Hold 2.57 % PAT Qtr 657 Cr. PAT Prev Qtr 691 Cr.
RSI 44.2 MACD -5.47 Volume 2,15,70,777 Avg Vol 1Wk 6,82,12,340
Low price 190 ₹ High price 368 ₹ PEG Ratio 2.04 Debt to equity 0.01
52w Index 44.7 % Qtr Profit Var 33.0 % EPS 2.62 ₹ Industry PE 48.9

📊 Core Financials

  • Revenue growth: PAT at 657 Cr vs 691 Cr in previous quarter, showing slight decline but overall YoY growth (+33 %).
  • Profit margins: EPS at 2.62 ₹, relatively weak given market cap size.
  • Debt ratios: Excellent, debt-to-equity at 0.01 shows negligible leverage.
  • Cash flows: Supported by profitability, but low return ratios limit efficiency.
  • Return metrics: ROCE 7.34 %, ROE 6.55 % — weak efficiency compared to peers.

💹 Valuation Indicators

  • P/E ratio: 103, far above industry average (48.9), suggests significant overvaluation.
  • P/B ratio: Current Price / Book Value ≈ 7.3, expensive relative to assets.
  • PEG ratio: 2.04, indicates valuation stretched relative to growth.
  • Intrinsic value: Current valuation not justified by fundamentals.

🏢 Business Model & Competitive Advantage

  • Operates in large-cap sector with diversified operations.
  • Competitive advantage limited by weak return ratios despite scale.
  • Strong institutional presence but fundamentals lag behind valuation multiples.

📈 Entry Zone & Long-Term Guidance

  • Entry zone: Attractive only near 200–220 ₹ levels, closer to 52-week low support.
  • Long-term holding: Cautious; suitable for traders or momentum investors, but fundamentals do not support premium valuation for long-term holding.

Positive

  • Quarterly profit growth YoY (+33 %).
  • Negligible debt-to-equity ratio (0.01).
  • DII holdings increased (+2.57 %).

Limitation

  • ROE (6.55 %) and ROCE (7.34 %) are weak.
  • P/E ratio (103) far above industry average (48.9).
  • No dividend yield, limiting investor returns.

Company Negative News

  • FII holdings decreased (-2.80 %).
  • Quarterly PAT declined from 691 Cr to 657 Cr.
  • Technical indicators weak: MACD negative, RSI at 44.2.

Company Positive News

  • Strong YoY profit growth (+33 %).
  • Low debt ensures financial stability.
  • High liquidity with strong trading volumes.

Industry

  • Industry PE at 48.9, much lower than ETERNAL’s P/E, highlighting overvaluation.
  • Sector supported by institutional demand but fundamentals remain key for sustainability.

Conclusion

  • ETERNAL shows profitability growth but weak efficiency metrics and stretched valuation.
  • Valuation is significantly higher than industry peers, limiting upside potential.
  • Entry advisable only near lower support levels; long-term holding requires caution unless return ratios improve.

Would you like me to also prepare a peer comparison HTML snapshot against other large-cap companies in the same sector to highlight ETERNAL’s relative valuation and efficiency gaps?

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