Eternal vs Nykaa: share price, P/E, ROE and financials compared
Eternal
FSN E-Commerce Ventures
Eternal and Nykaa at a glance
Eternal and Nykaa are both listed in Consumer Services. Eternal is the larger by market cap, at ₹3.3L Cr against ₹1.0L Cr for Nykaa (3.3 times as large). On valuation, Eternal has the lower price-to-book (10.37× against 61.43×), while Nykaa has the lower P/E (315.2× against 685.2×). On returns and margins, Nykaa has the higher ROCE (24.0% against 2.9%), the higher ROE (20.8% against 1.6%) and the higher operating margin (8.0% against 2.8%). Over three years, Eternal has faster 3-year sales growth (+97.7% against +24.7% a year). Eternal carries less debt for its equity, with a debt-to-equity of 0.18× against 0.89×.
Key metrics, side by side
| Metric | EternalETERNAL | NykaaNYKAA |
|---|---|---|
| Price (₹) | 363.15 | 353.00 |
| Market cap (₹ Cr) | 3,34,562 | 1,01,158 |
| P/E | 685.2× | 315.2× (the lower figure, shaded) |
| P/B | 10.37× (the lower figure, shaded) | 61.43× |
| Dividend yield, trailing | 0.00% | 0.00% |
| ROE | 1.6% | 20.8% (the higher figure, shaded) |
| ROCE | 2.9% | 24.0% (the higher figure, shaded) |
| Operating margin (OPM) | 2.8% | 8.0% (the higher figure, shaded) |
| Net margin (NPM) | 0.6% | 2.9% (the higher figure, shaded) |
| Sales CAGR 3Y | +97.7% (the higher figure, shaded) | +24.7% |
| Profit CAGR 3Y | – | +117.9% |
| Debt to equity | 0.18× (the lower figure, shaded) | 0.89× |
| Interest cover | 2.6× | 3.9× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 493 | 256 |
| 1Y return | +14.3% | +39.7% (the higher figure, shaded) |
| Promoter holding | – | 52.07% |
Eternal vs Nykaa: common questions
Which is bigger, Eternal or Nykaa?
By market cap, Eternal is bigger at ₹3.3L Cr, against ₹1.0L Cr for Nykaa (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹493 Cr for Eternal and ₹256 Cr for Nykaa.
Which has a lower P/E ratio, Eternal or Nykaa?
Eternal trades at a P/E of 685.2× and Nykaa at 315.2×. Nykaa has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Eternal or Nykaa?
Eternal reports a return on equity of 1.6% and Nykaa 20.8%. Nykaa has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Eternal or Nykaa?
Over the last three years: Sales grew +97.7% a year at Eternal and +24.7% at Nykaa, so Eternal grew sales faster. Past growth doesn’t predict future growth.