Eternity Laminates Share Price Target 2025, 2026, 2027, 2028, 2029, 2030

Let’s talk about Eternal Limited (formerly known as Zomato’s parent entity). If you’ve been tracking this stock, you know it’s been quite the performer. Trading around ₹325-330 as of late September 2025, this company has caught the attention of both retail and institutional investors. But what’s next? Let’s break down where analysts think this stock is headed and what you need to know.

The Current State of Play

Eternal Ltd currently has a market capitalization of approximately ₹3.2 lakh crore, with revenue of ₹23,204 crore and profit of ₹299 crore. That’s serious money, and the company’s valuation reflects investor confidence in its business model.

Here’s what’s particularly interesting: in FY 2025, the company’s profit surged 50.1% to ₹527 crore, while total revenue spiked 64.5% to ₹21,320 crore. That kind of top-line growth shows the company isn’t just treading water—it’s actually gaining market share and scaling its operations effectively.

The stock has been on a tear recently. The market cap grew 22.3% over the past year, which tells you that investors are betting on continued momentum. But here’s a quirk worth noting: despite reporting consistent profits, the company doesn’t pay dividends. This suggests management is reinvesting everything back into growth, which could be smart for a company still in expansion mode.

Price Target Projections: The Numbers

Different analysts have varying opinions on where Eternal is headed, but there’s a general consensus around meaningful upside potential. Let me lay out what the street is saying:

Short to Medium Term (2025-2027)

For 2025, analysts expect the share price to reach around ₹350. That represents a modest gain from current levels—about 7-8% upside if you’re buying today. Not spectacular, but steady.

Looking ahead to 2026, if the company maintains its performance trajectory, the price could climb to ₹480. Now we’re talking about more meaningful returns—roughly a 47% gain from current levels.

By 2027, some forecasts suggest the share could reach ₹620. That would be nearly double the current price, assuming everything goes according to plan.

Long Term View (2028-2030)

The long-term picture gets interesting. One forecast suggests that Eternal could touch ₹375 by 2030 if it maintains its growth trajectory and capitalizes on market opportunities. However, this seems conservative compared to the mid-term projections, which suggests analysts might be building in some caution about maintaining high growth rates over extended periods.

Here’s a summary table of the various targets:

According to 31 analysts currently rating the stock, the near-term target price sits at ₹333.03, representing a modest 2.52% upside. This suggests that in the very short term, the stock might consolidate around current levels before making its next move.

What’s Driving These Projections?

Understanding the “why” behind these numbers matters more than the numbers themselves. Here’s what’s fueling analyst optimism:

Strong Revenue Growth: That 64.5% year-over-year revenue jump isn’t normal. It indicates the company is either expanding into new markets, gaining market share, or both. When you see this kind of top-line growth, it’s usually sustainable for at least a few quarters.

Improving Unit Economics: Profit growth of 50% alongside revenue growth of 64% suggests the company is becoming more efficient. They’re not just growing for growth’s sake—they’re actually making more money as they scale.

Market Position: Being the parent entity of Zomato (one of India’s leading food delivery platforms) gives Eternal significant competitive advantages. Network effects in platform businesses tend to strengthen over time, making it harder for competitors to catch up.

No Dividend Policy: While this might disappoint income investors, it’s actually bullish for growth investors. Every rupee of profit is being reinvested to fuel expansion, which should compound returns over the medium term.

The Reality Check: What Could Go Wrong?

Let’s be real—no investment is guaranteed, and these price targets assume a lot goes right. Here’s what could derail the optimistic forecasts:

Competitive Pressure: The food delivery and quick commerce space is getting crowded. Swiggy, Blinkit, and others are fighting for the same customers. If competition intensifies, profit margins could compress.

Execution Risk: Growing at 60%+ annually is exhausting for any organization. Maintaining quality, customer satisfaction, and operational efficiency at scale is incredibly difficult.

Valuation Concerns: The stock trades at 10.6 times its book value, which isn’t cheap. If growth slows even a little, the market could reprice the stock quickly.

Regulatory Changes: Food delivery and quick commerce face regulatory scrutiny around worker rights, restaurant commissions, and consumer protection. New regulations could meaningfully affect the business model.

Macroeconomic Factors: Consumer discretionary spending—which includes ordering food online—is sensitive to economic conditions. A downturn could hit volumes hard.

Investment Perspective: Who Should Consider This?

Based on these targets and the company’s profile, Eternal seems best suited for:

Growth Investors: If you’re comfortable with volatility and focused on capital appreciation over 3-5 years, the projected returns look attractive. Just be prepared for swings along the way.

Medium to Long-Term Holders: Analysts view this as a potential candidate for medium- to long-term investment portfolios focused on steady capital appreciation. This isn’t really a trading stock—it’s a “buy and monitor” situation.

Tech-Focused Portfolios: If you’re building exposure to India’s tech and platform economy, Eternal gives you direct access to that growth theme.

This probably isn’t ideal for:

Income Investors: No dividends mean no passive income. Look elsewhere if that’s your goal.

Conservative Investors: The valuation, growth expectations, and competitive dynamics make this a higher-risk play. Traditional value investors might find better opportunities.

Short-Term Traders: While there’s certainly trading activity, the real opportunity here is in the multi-year story, not quarterly swings.

Technical Considerations

Beyond fundamentals, let’s quickly touch on technical factors. Investment activity in Eternal shares has dropped by 2.24% over the past 30 days, indicating some cooling of retail interest. This could mean the stock consolidates before its next leg up, or it could signal that momentum is shifting.

From a chart perspective, key support levels and resistance zones matter. If you’re planning to enter, watching how the stock behaves around ₹320-325 (current levels) versus ₹350 (the 2025 target) will tell you a lot about market sentiment.

The Bottom Line

Eternal Limited presents an interesting case study in India’s new-age tech stocks. The company has demonstrated it can grow quickly while improving profitability—that’s not easy to do. The projected price targets suggest analysts believe this performance can continue, with potential returns of 50-90% over the next 2-3 years if things go well.

However, these targets aren’t guarantees. They’re based on assumptions about continued execution, stable competitive dynamics, and favorable market conditions. Any of those could change.

My take? If you believe in India’s consumption story and think food delivery and quick commerce are still early in their adoption curves, Eternal deserves a spot on your watchlist. The 2030 targets might seem far off, but investing is about positioning for where the market is going, not where it is today.

Just remember: do your own research, understand your risk tolerance, and never invest money you can’t afford to lose. These price targets are educated guesses, not prophecies. The market has a funny way of surprising everyone, both on the upside and downside.

Watch the quarterly results, monitor competitive moves, and track execution. If Eternal continues delivering 50%+ profit growth while maintaining revenue momentum, those ₹480 and ₹620 targets might actually prove conservative. But if execution falters or competition heats up, you’ll want to reassess quickly.

That’s the game with growth stocks—high potential returns, but you’ve got to stay alert.