Top Internet Stocks Compared: Eternal vs Swiggy vs Nykaa vs PB Fintech vs Paytm on Price, Valuation, Q2 FY27 Results and Risks

Internet stocks compared here means Eternal, Swiggy, Nykaa, PB Fintech and Paytm on one page, checked on previous close, market value, valuation and the latest quarterly numbers. The group mixes food delivery and quick commerce, beauty retail, insurance and loan marketplaces and a payments platform, so a side-by-side look shows how differently each one earns.

All five internet companies have filed their September 2026 quarter, so every result below is Q2 FY27. Internet platforms follow consumer spending and market sentiment towards growth stocks, so a glance at the Nifty Next 50 page and the Sensex page before you read the tables gives useful backdrop.

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Internet Stocks Compared: Commerce, Marketplaces and Payments

The internet stocks compared here are Eternal, Swiggy, Nykaa, PB Fintech and Paytm. Eternal is the largest by market capitalisation at Rs 3,50,308 crore. Previous closes run from Rs 192.30 for Swiggy to Rs 1,801.00 for Paytm, which is why a side-by-side look at value rather than price is more useful. This internet stocks compared list is the base for every table that follows.

Stock	Previous close (Rs)	Market cap (Rs crore)
Eternal	364.40	3,50,308
Swiggy	192.30	52,018
Nykaa	351.00	1,03,129
PB Fintech	967.00	44,237
Paytm	1,801.00	1,14,664

A quick look at the business behind each ticker puts the numbers in context. Eternal runs the Zomato food delivery app along with Blinkit quick commerce and other consumer businesses, while Swiggy runs a food delivery app and the Instamart quick commerce service. Nykaa runs an online and store-based beauty and fashion retail platform, and PB Fintech runs the Policybazaar and Paisabazaar platforms for insurance and loans. To compare internet stocks properly, line up price to book, price to earnings and revenue growth before forming a view.

Rounding out the group, Paytm runs a payments app along with merchant devices and financial product distribution. A fair internet stock comparison looks at what each company actually earns from, not only at the share price. Commerce apps, marketplaces and payments platforms belong in separate mental boxes whenever you compare internet stocks fairly.

Internet Stocks Valuation: Growth Multiples and Returns

PB Fintech trades at the lowest price to earnings ratio in this group at 54.88. Nykaa reports the highest return on equity at 19.49%. Swiggy has the lowest price to book value at 3.06. These internet stocks valuation readings come from the previous close and the latest reported financials. That is the idea behind this internet stocks compared table: price to book and price to earnings sit side by side so a high or low reading stands out at once.

Stock	Price to earnings	Price to book	ROE (%)	Dividend yield (%)	Debt to equity
Eternal	711.76	11.19	1.58		0.18
Swiggy		3.06			0.15
Nykaa	315.79	62.31	19.49		0.92
PB Fintech	54.88	5.69	10.36		0.05
Paytm	134.41	6.91	5.15		0.02

Internet stocks often trade at very high price to earnings multiples, because investors pay for fast user growth and future profit. Price to book and return on equity help you judge how much the market expects from each platform compared with what it earns today. Earnings per share and book value per share are the building blocks behind price to earnings and price to book, so a glance at both in each filing is time well spent. A simple internet stock comparison like this one is only as useful as the context behind it, which is why revenue growth is worth checking as well.

In this group, price to earnings runs from 54.88 for PB Fintech to 711.76 for Eternal. The sector benchmark for price to earnings is 112.77, and every stock in the table can be measured against that figure. The industry price to earnings is a handy anchor: an internet stock above it is priced for faster growth, and one below it is priced for steadier earnings. A well-built internet stock comparison also notes that festive demand and discounting can move results between quarters. Run the same internet stock comparison on your own watchlist and the pattern in these numbers will be easier to spot.

Internet Stocks Q2 FY27 Results: Revenue and Profit Check

All of the five internet stocks compared have filed Q2 FY27 numbers. Eternal posted the fastest revenue growth at 75.6% year on year. Paytm showed the sharpest rise in net profit at 971.4%. Read revenue first and quarterly profit second, since the two together show how much of the growth reaches shareholders. Treat the Q2 FY27 numbers in this internet stocks compared review as a snapshot of one quarter, not a verdict on any internet platform.

Stock	Q2 FY27 revenue (Rs crore)	Q2 FY26 revenue (Rs crore)	Q2 FY27 net profit (Rs crore)	Q2 FY26 net profit (Rs crore)
Eternal	24,489	13,942	125.0	65.0
Swiggy	7,783	5,620
Nykaa	3,016	2,354	101.2	33.0
PB Fintech	2,278	1,698	192.4	134.9
Paytm	2,830	2,283	225.0	21.0

Eternal Results Snapshot

Eternal reported Q2 FY27 revenue of Rs 24,489 crore, compared with Rs 13,942 crore a year earlier, a rise of 75.6%. Net profit rose 92.3% to Rs 125.0 crore from Rs 65.0 crore. Operating margin expanded to 4.6% from 4.3% a year ago. Earnings per share for the quarter rose to Rs 0.13 from Rs 0.07.

Swiggy Results Snapshot

In the September 2026 quarter, Swiggy booked revenue of Rs 7,783 crore against Rs 5,620 crore in the same quarter last year, a rise of 38.5%.

Nykaa Results Snapshot

Nykaa's Q2 FY27 top line stood at Rs 3,016 crore, versus Rs 2,354 crore in Q2 FY26, a rise of 28.1%. Net profit rose 206.8% to Rs 101.2 crore from Rs 33.0 crore. Operating margin expanded to 9.1% from 7.1% a year ago. Earnings per share for the quarter rose to Rs 0.35 from Rs 0.12.

PB Fintech Results Snapshot

PB Fintech reported Q2 FY27 revenue of Rs 2,278 crore, compared with Rs 1,698 crore a year earlier, a rise of 34.1%. Net profit rose 42.6% to Rs 192.4 crore from Rs 134.9 crore. Operating margin expanded to 12.0% from 11.5% a year ago. Earnings per share for the quarter rose to Rs 4.13 from Rs 2.89.

Paytm Results Snapshot

In the September 2026 quarter, Paytm booked revenue of Rs 2,830 crore against Rs 2,283 crore in the same quarter last year, a rise of 24.0%. Net profit rose 971.4% to Rs 225.0 crore from Rs 21.0 crore. Operating margin expanded to 16.8% from 8.3% a year ago. Earnings per share for the quarter rose to Rs 3.47 from Rs 0.32.

Internet results depend on order growth, user numbers and spending on delivery and marketing, so profit can look different from revenue in a single quarter. That is why an internet stock comparison works best when revenue and profit are read together across two or three quarters. Used this way, an internet stocks compared review becomes a map of the sector rather than a price list. When you compare internet stocks after each result season, track how revenue growth changes from one quarter to the next.

Internet Stocks Compared Two at a Time: Three Pairings

Readers rarely want a five-way table and nothing else, so here are three head-to-head reads drawn from the same data. Use them as a quick way to compare internet stocks two at a time.

Eternal vs Swiggy

Eternal and Swiggy both run food delivery apps and quick commerce services, so they are the natural pair for anyone who wants exposure to app-based consumer spending. Eternal is about 6.7 times the size of Swiggy by market capitalisation, at Rs 3,50,308 crore against Rs 52,018 crore. On price to book, Swiggy sits lower at 3.06 against 11.19 for Eternal. In Q2 FY27, Eternal grew revenue faster, at 75.6% year on year against 38.5% for Swiggy. Both are scaling quick commerce, so read growth next to valuation before you judge either multiple.

PB Fintech vs Paytm

PB Fintech runs insurance and loan marketplaces, while Paytm runs a payments app and merchant devices, so both give exposure to financial services on a phone. On price to earnings, PB Fintech carries the lower multiple at 54.88 against 134.41 for Paytm. PB Fintech reports the higher return on equity, at 10.36% against 5.15% for Paytm. In Q2 FY27, PB Fintech grew revenue faster, at 34.1% year on year against 24.0% for Paytm. A marketplace and a payments platform earn in different ways, so read the business mix before you read the ratio.

Nykaa vs Eternal

Nykaa sells beauty and fashion products, while Eternal sells food and groceries, so the pair shows how different consumer categories behave on apps. Eternal is about 3.4 times the size of Nykaa by market capitalisation, at Rs 3,50,308 crore against Rs 1,03,129 crore. Nykaa reports the higher return on equity, at 19.49% against 1.58% for Eternal. In Q2 FY27, Eternal grew revenue faster, at 75.6% year on year against 28.1% for Nykaa. Beauty retail and food delivery have different margins, so read returns and growth together.

Best Internet Stocks for Each Type of Investor

People who ask for the best internet stocks often have very different goals, so here is who leads on each measure today, row by row. Any internet stocks compared table can mislead if you stop at one row, because each internet platform leads on a different measure.

If you care most about	Start your research with	The number
Lowest price to earnings	PB Fintech	54.88
Highest return on equity	Nykaa	19.49%
Lowest price to book value	Swiggy	3.06
Largest by market capitalisation	Eternal	Rs 3,50,308 crore
Fastest Q2 FY27 revenue growth	Eternal	75.6%
Sharpest Q2 FY27 net profit rise	Paytm	971.4%

No single name tops every row, which is exactly why an internet stock comparison helps. Scale, growth, returns and valuation each point to a different platform, so decide what matters most to you before you rank the numbers.

What Is Driving App-Based Businesses Right Now?

More Indians now order food, groceries, beauty products, insurance and payments from their phones. Quick commerce, digital insurance and merchant payments are bringing new users to these platforms every quarter. Knowing what moves order growth and spending on growth helps you compare internet stocks with the right questions in mind.

Order growth, user numbers and cost control decide how fast app-based businesses scale. Platforms that add services on the same user base can raise revenue without a matching rise in cost. A good internet stocks compared routine therefore tracks orders, users and operating margins.

Risks to Weigh When You Compare Internet Stocks

Internet stocks depend on user growth, competition and spending on discounts and delivery. Valuations often reflect future growth, so results that fall short can move prices sharply. Read each filing for order, user and margin commentary before you compare them. Every internet stock comparison has blind spots, and for this group the biggest is order growth and spending on growth.

Because orders, users and operating margins drive these businesses, the most useful habit is to read the management commentary that comes with every result and note what is expected for the next quarter. Read together, the risk notes and the tables make this internet stocks compared guide a balanced starting point.

How to Compare Internet Stocks and Build a Shortlist

Start by deciding whether you want food and quick commerce, beauty retail, financial marketplaces or payments, because each responds to different triggers. Commerce names reward readers who track order growth, while financial platforms reward those who track premium and loan volumes. Done step by step, this internet stocks compared routine becomes repeatable rather than a one-off exercise.

Then check valuation and returns, because growth multiples leave less room for slips and several of these platforms are still scaling. Spreading your attention across one commerce name and one financial platform is a simple way to see both sides of the sector. Keep the shortlist of best internet stocks short enough that you can actually follow each company's quarterly results. When you compare internet stocks again after new results, update only the rows that changed instead of starting over.

The Univest stock screener lets you filter internet stocks by market capitalisation, return on equity and price to earnings, and the app keeps live prices a tap away through the trading day. Come back to this internet stocks compared page after the next set of results to see which numbers have moved.

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Conclusion: Internet Stocks Compared at a Glance

This internet stocks compared review on price, valuation and Q2 FY27 results shows that no single name wins every measure. Eternal leads on size and Nykaa leads on return on equity, while the others bring their own strengths. Treat the internet stocks Q2 FY27 results and internet stocks valuation tables as a research starting point, then check the filings and speak to a SEBI-registered advisor before you invest. If you plan to compare internet stocks again next quarter, the same checklist of price to book, price to earnings and revenue growth will work.

Frequently Asked Questions on Internet Stocks Compared

Which are the top internet stocks compared in this article?

Ans. The internet stocks compared in this article are Eternal, Swiggy, Nykaa, PB Fintech and Paytm. They are checked on previous close, market capitalisation, price to earnings, price to book, return on equity and the latest quarterly results, giving you a quick, even-handed view of the group ahead of any detailed filing review.

Which internet stock has the highest market capitalisation?

Ans. Among the five names, Eternal has the highest market capitalisation at Rs 3,50,308 crore. Paytm follows at Rs 1,14,664 crore. The figure reflects what the market is paying for the whole company today, and it will change as prices move, so refresh it before you decide.

Which of these internet stocks has the lowest price to earnings ratio?

Ans. On internet stocks valuation, PB Fintech has the lowest price to earnings ratio among these internet stocks at 54.88, based on the latest reported earnings. Eternal sits at the other end at 711.76. The lowest ratio is not a verdict on the stock, since earnings growth and quality decide whether a multiple is fair.

Which internet stock has the highest return on equity?

Ans. Nykaa reports the highest return on equity in this group at 19.49%. A higher return on equity points to a company that turns shareholder funds into profit efficiently. Check the trend over time and the debt level before leaning on a single reading.

How did internet stocks perform in Q2 FY27 results?

Ans. All of the five names have filed Q2 FY27 numbers in our data. Eternal recorded the fastest revenue growth at 75.6% year on year. Paytm showed the sharpest net profit rise at 971.4%. For internet stocks Q2 FY27 results, each filing on the exchange website carries the full detail behind these figures.

What are the main risks when you compare internet stocks?

Ans. Internet stocks depend on user growth, competition and spending on discounts and delivery. Valuations often reflect future growth, so results that fall short can move prices sharply. Read each filing for order, user and margin commentary before you compare them. Keep an eye on orders, users and operating margins.

Which metrics matter most when you compare internet stocks?

Ans. Order growth, user numbers, take rate and operating margin matter most for operating performance. Price to earnings, price to book and return on equity show how the market values each platform. Read each company's filing for these along with the numbers in this article.

Which is the best internet stock to buy among these five?

Ans. The best internet stock depends on whether you value commerce growth, a financial marketplace or a payments business, because the five names differ on all three. On the numbers in this article, Eternal has the largest market capitalisation; PB Fintech has the lowest price to earnings; Nykaa has the highest return on equity. The leaders change from row to row, so no stock stands out on everything, and this article is not advice. Shortlist from the tables, verify with the latest filings, and consult a SEBI-registered advisor, since time horizon and risk appetite matter most.