ETERNAL · Computer Services · INE758T01015
Analyst mean 1.81 · 31 analysts · 1% bullishWhat the numbers mean when read together — computed from the filings, not a score.
Operating cash flow is 146% of trailing profit — the earnings are converting to cash, not just accruals.
Last operating cash flow ₹632 cr against trailing net profit ₹433 cr. A ratio at or above ~0.9 means reported profit is showing up as real cash.
Both revenue and profit grew over the last year (190.5% and 44.8%) — growth is translating to the bottom line.
Trailing revenue ₹67,408 cr, trailing profit ₹433 cr. Profit growing at least as fast as revenue indicates operating leverage or pricing power.
Free cash flow is negative — the business consumes more than it generates once capex is paid. Fine if it is deliberate growth investment; a problem if it is structural.
Latest free cash flow ₹-1,114 cr, negative in 6 of 7 years. Check whether the burn funds expansion (dark stores, plants, ports) or merely sustains operations.
Other income is 177% of pre-tax profit — a large share of the profit comes from outside the core operating business.
Trailing other income ₹1,417 cr against pre-tax profit ₹799 cr. High other-income dependence means the headline profit is flattered by treasury, one-offs, or non-operating items rather than the core business.
Borrowings rose 513% over two years while the company also carries ₹14,833 cr in investments. Why borrow at interest while parking money elsewhere is a fair question.
Borrowings moved to ₹4,592 cr from ₹749 cr. Simultaneous large investments can be legitimate treasury management, or a sign that reported cash is not freely available.
Markers show corporate actions (splits, bonus, dividends). Prices are split-adjusted so the series is continuous.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,799 | 5,405 | 5,833 | 7,167 | 13,590 | 16,315 | 17,292 | 20,211 |
| Expenses | 4,573 | 5,243 | 5,761 | 7,052 | 13,351 | 15,947 | 16,806 | 19,617 |
| Other Income | 221 | 252 | 368 | 354 | 352 | 348 | 342 | 375 |
| Depreciation | 180 | 247 | 287 | 314 | 376 | 439 | 468 | 546 |
| Profit before tax | 237 | 124 | 97 | 88 | 129 | 170 | 228 | 272 |
| Net Profit | 176 | 59 | 39 | 25 | 65 | 102 | 174 | 92 |
| EPS | 0.20 | 0.06 | 0.04 | 0.03 | 0.07 | 0.11 | 0.18 | 0.10 |
| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 0 | 764 | 836 | 868 | 907 | 919 |
| Reserves | 7,644 | 15,741 | 18,624 | 19,545 | 29,410 | 30,061 |
| Borrowings | 527 | 70 | 507 | 749 | 2,045 | 4,592 |
| Fixed Assets | 1,539 | 1,404 | 6,344 | 6,448 | 9,532 | 12,675 |
| CWIP | 0 | 1 | 7 | 18 | 51 | 136 |
| Investments | 2,205 | 4,718 | 6,765 | 11,645 | 13,192 | 14,833 |
| Total Assets | 8,704 | 17,327 | 21,599 | 23,356 | 35,623 | 40,736 |