Eternal stock gets 21.5% upside call from Kotak Neo
Published on 11/06/2026 at 17:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and earnings outlook
- Kotak Neo projects Eternal's EPS to rise from INR 1.3 in FY27 to INR 3.2 in FY28.
- The valuation case assumes the P/E multiple declines from 264.6 times to 107.5 times.
Eternal stock received a Buy rating from Kotak Neo in a stock-selection report published by The Economic Times on Friday, November 6, 2026. The report assigns the company a fair value of INR 435 per share and cites 21.5% upside.
Analyst view and earnings outlook
Kotak Neo's case is built on projected earnings growth. The report sees Eternal's EPS rising from INR 1.3 in fiscal 2027 to INR 3.2 in fiscal 2028, while the projected P/E multiple declines from 264.6 times to 107.5 times.
The rating forms part of a broader selection of seven stocks that Kotak Neo favors. For investors, the thesis combines faster profit expansion with a valuation that remains elevated even after the projected multiple contraction. Execution across the company's food-delivery, quick-commerce, going-out and B2B-supply businesses therefore remains central to the outlook, according to Eternal's investor-relations page.
Eternal company profile
- Company: Eternal Limited
- ISIN: INE758T01015
- Businesses: Food delivery, quick commerce, going-out and B2B supplies
India's market backdrop remains part of the report's rationale, which cites resilient corporate balance sheets, infrastructure investment and expanded production-linked incentives. Current market reports provide the wider Indian equity context.
