Eternal Share Price Falls Over 5%; Here’s Why the Online Food Delivery Stock Is Down

On Thursday, Eternal (Zomato) share price declined over 5 per cent after gaining nearly 13 per cent over the past three consecutive trading sessions. The stock came under pressure due to concerns that a shortage of commercial LPG could lead to restaurant closures, which may lower order volumes.

Eternal Ltd is currently trading around 37.6 per cent below its 52-week high. As of 1:00 PM on March 19, 2026, the share price is trading at Rs 230, with the stock at its 9-month low.

Why is Eternal (Zomato) share price down by over 5 per cent? 

Here are some of the factors behind the sharp fall in the stock price

Energy supply disruption impacts the food service sector

Recently in West Asia have led to disruptions in the supply of crude oil, LPG, LNG, and PNG, with blockages near the Strait of Hormuz, a key maritime route for energy shipments from the Gulf region. India’s food service sector remains highly dependent on LPG, with nearly 90 per cent of around 0.5 million organised restaurants relying on commercial cylinders, as access to piped natural gas (PNG) is limited to select metro cities.

Most restaurants operate with limited inventory buffers, and a prolonged supply shortage could lead to operational challenges for nearly 25-30 per cent of outlets.

Eternal Premium valuation sees partial correction

In October 2025, Eternal Ltd was trading at a PE ratio of around 1803x, which has declined by nearly 46 per cent to approximately 966x as of March 19, 2026. The elevated valuation levels reflect strong investor expectations, supported by the company’s revenue growth, which has recorded a CAGR of 69 per cent over the past three years.

Eternal Share Price Performance 

Over the past one month, Eternal share price has declined by 15.53 per cent, while it has fallen 31.79 per cent over the last 6 months. On a one-year basis, the stock has delivered a return of 2.70 per cent. The stock is currently trading around 37.6 per cent below its 52-week high. The share price touched a 52-week high of Rs 368.45 on October 16, 2025, and a 52-week low of Rs 194.80 on April 7, 2025.

Eternal Shareholding Pattern

FII holding in Eternal Ltd declined on a QoQ basis to 36.24 per cent in December 2025 from 39.04 per cent in September 2025. DII holding increased to 32.61 per cent from 30.04 per cent, while government holding remained stable at 0.10 per cent and public shareholding edged higher to 25.47 per cent from 25.12 per cent, and others category stood at 5.58 per cent.

About Eternal

Eternal is engaged in the food delivery and online ordering segment, operating a platform that connects customers with restaurants and delivery partners. The company primarily derives its revenue from food delivery services, platform fees, and related offerings to restaurant partners. It focuses on expanding its user base, improving delivery efficiency, and enhancing customer experience through technology-driven solutions.

Disclaimer: The article is for informational purposes only and not investment advice.