Company Overview
Ethos Limited operates a chain of luxury watch boutiques in India. The company offers luxury and premium watches; pre-owned watches; jewellery and jewellery boxes; watch straps, stands, and winders; clocks; collector boxes; and luggage products. It also provides product repair and services, including movement overhauling, battery replacement, ultrasonic cleaning, polishing, performance tests, and watch parts and strap replacement. The company sells its products through online channels. Ethos Limited was founded in 2003 and is headquartered in Gurugram, India.
Why Investors Should Care
Net profit has compounded at 16.3% per year over the last five years.
Revenue has grown at a 26.9% CAGR over the past five years.
Carries low leverage with a debt-to-equity ratio of 0.22.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹1,612.24 Cr (+28.8% YoY); net profit ₹94.77 Cr.
- Trailing 12 Months Year-on-year growth — revenue +28.8%, earnings -1.6%.
- 5-Year Trend Long-term compounding — revenue CAGR 26.9%, profit CAGR 16.3%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 26.92% |
| 1 Year: | 28.81% |
Compounded Profit Growth
| 5 Years: | 16.26% |
| 1 Year: | -1.58% |
Stock Price Performance
| 1 Year: | -0.70% |
| 6 Months: | -7.17% |
| 3 Months: | +9.10% |
| 1 Month: | +9.83% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)69.38 · Neutral
P/E of 68.29 is above the sector median of 30.52 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 26.9% over 5 years.
- Profit CAGR of 16.3% over 5 years.
- Generates positive free cash flow.
CONS
- Trading at a high P/E of 68.3.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Consumer Cyclical).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ETHOSLTD Ethos Limited NSE | 2,685.90 | 68.29 | ₹7,186.85 Cr | 0.00% | 8.18% | 6.37% | 26.92% | 16.26% |
| 2 | MARUTI Maruti Suzuki India Limited NIFTY50NSEAI | 13,542.00 | 29.36 | ₹4.26 L Cr | 1.01% | 17.22% | 13.70% | 16.60% | 21.11% |
| 3 | TITAN Titan Company Limited NIFTY50NSE | 4,602.10 | 80.47 | ₹4.09 L Cr | 0.33% | 38.43% | 32.31% | 29.24% | 16.00% |
| 4 | M&M Mahindra & Mahindra Limited NIFTY50NSEAI | 3,108.80 | 20.43 | ₹3.87 L Cr | 1.05% | 17.14% | 18.37% | 17.50% | 18.48% |
| 5 | BAJAJ-AUTO Bajaj Auto Limited NIFTY50NSE | 10,348.50 | 26.92 | ₹2.89 L Cr | 1.48% | 26.12% | 27.67% | 19.49% | 21.03% |
| 6 | ETERNAL Eternal Limited NSEAITECH | 290.35 | 744.49 | ₹2.80 L Cr | 0.00% | 2.87% | 1.18% | 97.70% | 45.90% |
| 7 | EICHERMOT Eicher Motors Limited NIFTY50NSEAI | 7,354.50 | 42.67 | ₹2.02 L Cr | 1.11% | 26.43% | 21.97% | 17.47% | 23.70% |
| 8 | TVSMOTOR TVS Motor Company Limited NSE | 3,644.70 | 57.37 | ₹1.73 L Cr | 0.33% | 28.82% | 31.56% | 20.21% | 31.46% |
| 9 | HYUNDAI HYUNDAI MOTOR INDIA LTD NSE | 2,035.00 | 30.44 | ₹1.65 L Cr | 1.06% | 32.62% | 27.14% | 5.50% | 4.87% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 208.00 Cr | 230.00 Cr | 235.00 Cr | 281.00 Cr | 253.00 Cr | 273.00 Cr | 297.00 Cr | - | 311.32 Cr | 346.32 Cr | 383.39 Cr | 468.52 Cr | 414.01 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 214.74 Cr | 247.25 Cr | 272.36 Cr | 332.98 Cr | 292.63 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 96.57 Cr | 99.07 Cr | 111.03 Cr | 135.54 Cr | 121.38 Cr |
| Operating Expenses | 182.00 Cr | 196.00 Cr | 198.00 Cr | 237.00 Cr | 217.00 Cr | 230.00 Cr | 255.00 Cr | - | 65.90 Cr | 71.97 Cr | 83.09 Cr | 98.95 Cr | 94.69 Cr |
| Operating Income | 17.00 Cr | 23.00 Cr | 24.00 Cr | 32.00 Cr | 23.00 Cr | 29.00 Cr | 27.00 Cr | - | 30.67 Cr | 27.10 Cr | 27.94 Cr | 36.59 Cr | 26.68 Cr |
| EBITDA | 26.00 Cr | 34.00 Cr | 37.00 Cr | 45.00 Cr | 36.00 Cr | 43.00 Cr | 42.00 Cr | - | 52.28 Cr | 50.84 Cr | 59.25 Cr | 74.49 Cr | 62.96 Cr |
| Interest Expense | 3.00 Cr | 4.00 Cr | 4.00 Cr | 4.00 Cr | 4.00 Cr | 5.00 Cr | 5.00 Cr | - | 5.20 Cr | 5.71 Cr | 6.55 Cr | 7.59 Cr | 7.38 Cr |
| Pretax Income | 18.00 Cr | 24.00 Cr | 25.00 Cr | 34.00 Cr | 28.00 Cr | 31.00 Cr | 29.00 Cr | - | 30.15 Cr | 26.12 Cr | 31.74 Cr | 42.08 Cr | 30.91 Cr |
| Tax Provision | 4.50 Cr | 6.00 Cr | 6.25 Cr | 8.84 Cr | 6.72 Cr | 8.06 Cr | 7.54 Cr | - | 7.40 Cr | 7.10 Cr | 7.95 Cr | 11.52 Cr | 8.15 Cr |
| Net Income | 13.00 Cr | 18.00 Cr | 19.00 Cr | 26.00 Cr | 21.00 Cr | 23.00 Cr | 21.00 Cr | - | 22.75 Cr | 19.02 Cr | 23.32 Cr | 30.43 Cr | 22.00 Cr |
| Diluted EPS | 5.21 | 7.12 | 7.29 | 9.52 | 7.85 | 8.51 | 7.93 | - | 9.29 | 7.77 | 8.78 | 11.46 | 8.20 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 444.00 Cr | 458.00 Cr | 387.00 Cr | - | 788.53 Cr | 998.99 Cr | 1,251.63 Cr | 1,612.24 Cr |
| Cost of Revenue | - | - | - | - | 548.88 Cr | 702.91 Cr | 876.68 Cr | 1,145.22 Cr |
| Gross Profit | - | - | - | - | 239.66 Cr | 296.08 Cr | 374.95 Cr | 467.02 Cr |
| Operating Expenses | 407.00 Cr | 402.00 Cr | 344.00 Cr | - | 149.36 Cr | 183.90 Cr | 247.88 Cr | 348.71 Cr |
| Operating Income | 31.00 Cr | 23.00 Cr | 10.00 Cr | - | 90.29 Cr | 112.18 Cr | 127.07 Cr | 118.31 Cr |
| EBITDA | 36.00 Cr | 56.00 Cr | 43.00 Cr | - | 129.35 Cr | 175.98 Cr | 212.51 Cr | 247.54 Cr |
| Interest Expense | 11.00 Cr | 24.00 Cr | 20.00 Cr | - | 14.05 Cr | 15.99 Cr | 19.44 Cr | 27.22 Cr |
| Pretax Income | 22.00 Cr | 2.00 Cr | 7.00 Cr | - | 80.68 Cr | 111.31 Cr | 130.07 Cr | 130.85 Cr |
| Tax Provision | 8.58 Cr | 3.36 Cr | 2.03 Cr | - | 20.38 Cr | 28.02 Cr | 33.78 Cr | 34.71 Cr |
| Net Income | 13.00 Cr | -1.00 Cr | 5.00 Cr | - | 60.30 Cr | 83.29 Cr | 96.29 Cr | 94.77 Cr |
| Diluted EPS | 7.23 | -0.67 | 2.39 | 9.68 | 25.66 | 33.79 | 39.33 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 301.00 Cr | 422.00 Cr | 394.00 Cr | - | 879.70 Cr | 1,170.64 Cr | 1,409.64 Cr | 2,197.19 Cr |
| Current Assets | - | - | - | - | 638.53 Cr | 864.05 Cr | 890.52 Cr | 1,488.68 Cr |
| Cash & Equivalents | - | - | - | - | 27.89 Cr | 60.58 Cr | 28.48 Cr | 144.08 Cr |
| Inventory | - | - | - | - | 339.87 Cr | 439.69 Cr | 592.67 Cr | 695.49 Cr |
| Receivables | - | - | - | - | 6.18 Cr | 15.57 Cr | 18.26 Cr | 17.50 Cr |
| Total Liabilities | - | - | - | - | 248.20 Cr | 286.67 Cr | 427.45 Cr | 532.81 Cr |
| Current Liabilities | - | - | - | - | 149.52 Cr | 170.77 Cr | 179.47 Cr | 265.02 Cr |
| Long Term Debt | - | - | - | - | 7.12 Cr | 2.06 Cr | 12.55 L | 6.79 L |
| Total Debt | 69.00 Cr | 174.00 Cr | 140.00 Cr | - | 120.73 Cr | 145.02 Cr | 288.72 Cr | 322.32 Cr |
| Total Equity | 134.00 Cr | 150.00 Cr | 157.00 Cr | - | 631.50 Cr | 883.97 Cr | 982.20 Cr | 1,487.92 Cr |
| Shares Outstanding | - | - | - | - | 2.42 Cr | 2.53 Cr | 2.53 Cr | 2.68 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -22.00 Cr | 36.00 Cr | 63.00 Cr | - | -2.15 Cr | 30.81 Cr | -20.29 Cr | 89.60 Cr |
| Investing Cash Flow | -13.00 Cr | -15.00 Cr | -10.00 Cr | - | -256.21 Cr | -122.80 Cr | 46.59 Cr | -475.52 Cr |
| Financing Cash Flow | 35.00 Cr | -20.00 Cr | -45.00 Cr | - | 248.56 Cr | 124.68 Cr | -58.40 Cr | 501.52 Cr |
| Capital Expenditure | -13.00 Cr | -13.00 Cr | -9.00 Cr | - | -56.64 Cr | -39.45 Cr | -79.33 Cr | -71.27 Cr |
| Free Cash Flow | -35.00 Cr | 23.00 Cr | 54.00 Cr | - | -58.78 Cr | -8.63 Cr | -99.62 Cr | 18.33 Cr |
| Net Change in Cash | 0 | 2.00 Cr | 8.00 Cr | - | -9.79 Cr | 32.69 Cr | -32.10 Cr | 115.60 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | 30.4% | 29.6% | 30.0% | 29.0% |
| Operating Margin % | 7.0% | 5.0% | 2.6% | - | 11.5% | 11.2% | 10.2% | 7.3% |
| Net Margin % | 2.9% | -0.2% | 1.3% | - | 7.6% | 8.3% | 7.7% | 5.9% |
| ROE % | 9.7% | -0.7% | 3.2% | - | 9.5% | 9.4% | 9.8% | 6.4% |
| ROCE % | - | - | - | - | 12.4% | 11.2% | 10.3% | 6.1% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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ETHOSLTD — Frequently Asked Questions
What is the current share price of Ethos Limited (ETHOSLTD)?
As of 2026-07-16 05:21 IST, Ethos Limited (ETHOSLTD) trades at ₹2,685.90 on NSE. Its 52-week range is ₹2,020.40 to ₹3,196.40.
What is the market capitalisation of ETHOSLTD?
Ethos Limited (ETHOSLTD) has a market capitalisation of ₹7,186.85 Cr on NSE.
What is the P/E ratio of ETHOSLTD?
ETHOSLTD trades at a trailing price-to-earnings (P/E) ratio of 68.29. The industry average P/E is 30.52. Its price-to-book (P/B) ratio is 4.76.
What is the return on equity (ROE) of ETHOSLTD?
ETHOSLTD has a return on equity (ROE) of 6.37%. Its return on capital employed (ROCE) is 8.18%.
Is ETHOSLTD a good stock to buy?
This page provides a data-driven analysis of Ethos Limited (ETHOSLTD), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.