Ethos Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Low debt relative to equity (D/E 0.2x)
Concerns
- Premium to sector peers (P/E 70.8x vs industry 45.4x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TITAN Titan Company Limited | ₹5,020 | ₹4.5L Cr | 76.4 | 28.36 | 37.7 | 20.5 | 0.97 |
| ASIANPAINT Asian Paints Limited | ₹2,527 | ₹2.4L Cr | 49.7 | 11.33 | 21.8 | 26.3 | 0.18 |
| LGEINDIA LG Electronics India Limited | ₹1,690 +1.57% | ₹1.0L Cr | 62.26 | 15.23 | 24.72 | — | 0.06 |
| DIXON Dixon Technologies (India) Limited | ₹14,240 | ₹87K Cr | 46.4 | 18.52 | 18.9 | 29.2 | 0.34 |
| HAVELLS Havells India Limited | ₹1,154 | ₹72K Cr | 43.5 | 7.64 | 19 | 24.9 | 0.03 |
| KALYANKJIL Kalyan Jewellers India Limited | ₹599 | ₹62K Cr | 42.3 | 9.8 | 24.8 | 21.2 | 1 |
| BERGEPAINT Berger Paints (I) Limited | ₹510 −1.10% | ₹57K Cr | 46.1 | 8.6 | 17.3 | 21.6 | 0.11 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
ETHOSLTD · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 57.88% | 55.72% | 54.70% | 51.20% | 50.79% | 50.58% |
| FII | 10.41% | 11.28% | 11.20% | 12.28% | 12.61% | 12.56% |
| DII | 12.17% | 13.08% | 14.04% | 15.64% | 16.58% | 17.85% |
| Public | 19.54% | 19.92% | 20.04% | 20.88% | 20.02% | 19.01% |
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026
To consider and approve the financial results for the period ended March 31, 2026
Rights 4:43@ Premium Rs 1790/-
Annual General Meeting
Annual General Meeting
Latest News
All newsEthos Limited announces Q1 FY27 financial results
*Ethos Limited announces Q1 FY27 financial results*. Ethos Limited has submitted its financial results for the quarter ended June 30, 2026. The company reported consolidated revenue of **₹128.4 crore** and net profit of **₹8.2 crore**. Results reflect steady growth in its staffing and recruitment business amid improved client demand. 📊 *STOCKS:* $ETHOS | 🏢 *SECTOR:* Services | #MEDIUMIMPACT #Earnings
Ethos shares flat after AGM notice release
*Ethos shares showed no major movement following the release of the AGM notice and annual report link for FY 2025-26.* The update is a routine corporate filing with no new financial data or strategic announcements. Investors await further details from the upcoming annual meeting. 📊 *STOCKS:* $ETHOS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AGM
Ethos Limited releases sustainability report for FY 2025-26
*Ethos Limited releases sustainability report for FY 2025-26.* The company filed its Business Responsibility and Sustainability Report (BRSR) with the NSE, outlining ESG initiatives and governance practices. While the report enhances transparency, it contains **no financial updates or operational metrics** impacting near-term performance. Traders may overlook this unless ESG factors drive their strategy. 📊 *STOCKS:* $ETHOS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Sustainability
Ethos Limited releases annual report for FY 2025-26
*Ethos Limited releases annual report for FY 2025-26*. This is a routine corporate filing with no major financial or strategic updates. The annual report includes standard disclosures and management commentary for the year. No **significant events** or financial revisions were highlighted. 📊 *STOCKS:* $ETHOS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AnnualReport
Ethos Limited to hold shareholder meeting on September 15, 2026
*Ethos Limited to hold shareholder meeting on September 15, 2026.* The meeting is scheduled for discussions on routine corporate matters. No major announcements or financial updates were disclosed. Details remain limited to the agenda in the filing. 📊 *STOCKS:* $ETHOS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ShareholderMeeting
Ethos Limited publishes mandatory newspaper notice
*Ethos Limited publishes mandatory newspaper notice.* This is a routine compliance requirement under corporate regulations. No financial or operational developments reported. 📊 *STOCKS:* | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateFiling
Ethos Limited shares up 5% on investor presentation
*Ethos Limited shares rose **5%** following its investor presentation filed with the NSE.* The presentation highlighted recent business milestones and strategic initiatives. No major financial updates or guidance changes were disclosed. Investors await clarity on future earnings trajectory. 📊 *STOCKS:* $ETHOS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorPresentation
Ethos to host GPHG exhibition in India
*Ethos to host GPHG exhibition in India*. Ethos Limited announced it will host the Grand Prix d’Horlogerie de Genève (GPHG) exhibition in India on **July 02, 2026**. The event aims to elevate luxury watch visibility and strengthen Ethos’s brand positioning in the premium segment. While not a revenue driver immediately, it enhances long-term brand equity. 📊 *STOCKS:* ETHOS | 🏢 *SECTOR:* Corporate | #LOWIMPACT #Event
Ethos opens new watch boutiques in Vizag, Andhra Pradesh
*Ethos opens new watch boutiques in Vizag, Andhra Pradesh.* The company has launched Ethos Watch Boutiques in Vizag, Andhra Pradesh, marking a strategic retail expansion. This move aims to strengthen its presence in tier-2 cities. While incremental, the rollout supports long-term brand visibility and distribution. 📊 *STOCKS:* ETHOS | 🏢 *SECTOR:* Retail | #LOWIMPACT #Retail
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹469 Cr 22.5% | ₹383 Cr 10.7% | ₹346 Cr 11.3% | ₹311 Cr 15.9% | ₹370 Cr 24.6% | ₹297 Cr 8.8% | ₹273 Cr 7.9% | ₹253 Cr |
| Op. Profit | ₹61 Cr 27.1% | ₹48 Cr 6.7% | ₹45 Cr 2.2% | ₹46 Cr 19.3% | ₹57 Cr 35.7% | ₹42 Cr 2.3% | ₹43 Cr 19.4% | ₹36 Cr |
| OPM | 13.0% 8.3% | 12.0% 7.7% | 13.0% 13.3% | 15.0% 0.0% | 15.0% 7.1% | 14.0% 12.5% | 16.0% 14.3% | 14.0% |
| Net Profit | ₹31 Cr 29.2% | ₹24 Cr 26.3% | ₹19 Cr 17.4% | ₹23 Cr 20.7% | ₹29 Cr 38.1% | ₹21 Cr 8.7% | ₹23 Cr 9.5% | ₹21 Cr |
| EPS (₹) | 11.37 27.9% | 8.89 25.0% | 7.11 16.3% | 8.49 22.8% | 11 38.7% | 7.93 6.8% | 8.51 8.4% | 7.85 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.6K Cr 28.8% | ₹1.3K Cr 25.3% | ₹999 Cr 26.6% | ₹789 Cr 36.7% | ₹577 Cr 49.1% | ₹387 Cr 15.5% | ₹458 Cr 3.2% | ₹444 Cr |
| Expenses | ₹1.4K Cr 32.4% | ₹1.1K Cr 25.4% | ₹841 Cr 25.9% | ₹668 Cr 32.3% | ₹505 Cr 46.8% | ₹344 Cr 14.4% | ₹402 Cr 1.2% | ₹407 Cr |
| Op. Profit | ₹215 Cr 9.1% | ₹197 Cr 24.7% | ₹158 Cr 31.7% | ₹120 Cr 66.7% | ₹72 Cr 67.4% | ₹43 Cr 23.2% | ₹56 Cr 55.6% | ₹36 Cr |
| OPM | 13.0% 18.8% | 16.0% 0.0% | 16.0% 6.7% | 15.0% 25.0% | 12.0% 9.1% | 11.0% 8.3% | 12.0% 50.0% | 8.0% |
| Other Income | ₹44 Cr 83.3% | ₹24 Cr 0.0% | ₹24 Cr 60.0% | ₹15 Cr 15.4% | ₹13 Cr 23.5% | ₹17 Cr 750.0% | ₹2 Cr 0.0% | ₹2 Cr |
| Interest | ₹38 Cr 40.7% | ₹27 Cr 22.7% | ₹22 Cr 10.0% | ₹20 Cr 4.8% | ₹21 Cr 5.0% | ₹20 Cr 16.7% | ₹24 Cr 118.2% | ₹11 Cr |
| Depreciation | ₹89 Cr 41.3% | ₹63 Cr 28.6% | ₹49 Cr 40.0% | ₹35 Cr 9.4% | ₹32 Cr 3.0% | ₹33 Cr 0.0% | ₹33 Cr 560.0% | ₹5 Cr |
| PBT | ₹131 Cr 0.8% | ₹130 Cr 17.1% | ₹111 Cr 37.0% | ₹81 Cr 153.1% | ₹32 Cr 357.1% | ₹7 Cr 250.0% | ₹2 Cr 90.9% | ₹22 Cr |
| Tax % | 27.0% 3.8% | 26.0% 4.0% | 25.0% 0.0% | 25.0% 3.8% | 26.0% 10.3% | 29.0% 82.7% | 168.0% 330.8% | 39.0% |
| Net Profit | ₹96 Cr 0.0% | ₹96 Cr 15.7% | ₹83 Cr 38.3% | ₹60 Cr 160.9% | ₹23 Cr 360.0% | ₹5 Cr 600.0% | ₹-1 Cr 107.7% | ₹13 Cr |
| EPS (₹) | 35.42 1.4% | 35.93 15.6% | 31.08 31.4% | 23.65 111.3% | 11.19 368.2% | 2.39 456.7% | -0.67 109.3% | 7.23 |
| Div Payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|---|
Liabilities | |||||||||
| Equity Capital | ₹27 Cr 0.0% | ₹27 Cr 12.5% | ₹24 Cr 0.0% | ₹24 Cr 4.3% | ₹23 Cr 21.1% | ₹19 Cr 5.6% | ₹18 Cr 0.0% | ₹18 Cr 5.9% | ₹17 Cr |
| Reserves | ₹1.5K Cr 3.8% | ₹1.4K Cr 46.9% | ₹958 Cr 11.5% | ₹859 Cr 41.3% | ₹608 Cr 185.4% | ₹213 Cr 53.2% | ₹139 Cr 5.3% | ₹132 Cr 12.8% | ₹117 Cr |
| Borrowings | ₹322 Cr 2.5% | ₹314 Cr 8.7% | ₹289 Cr 99.3% | ₹145 Cr 19.8% | ₹121 Cr 24.8% | ₹161 Cr 15.0% | ₹140 Cr 19.5% | ₹174 Cr 152.2% | ₹69 Cr |
| Other Liabilities | ₹387 Cr 1.5% | ₹393 Cr 182.7% | ₹139 Cr 2.1% | ₹142 Cr 11.8% | ₹127 Cr 14.4% | ₹111 Cr 15.6% | ₹96 Cr 2.0% | ₹98 Cr 0.0% | ₹98 Cr |
| Total Liabilities | ₹2.2K Cr 2.7% | ₹2.1K Cr 51.8% | ₹1.4K Cr 20.4% | ₹1.2K Cr 33.1% | ₹880 Cr 74.6% | ₹504 Cr 27.9% | ₹394 Cr 6.6% | ₹422 Cr 40.2% | ₹301 Cr |
Assets | |||||||||
| Fixed Assets | ₹494 Cr 5.8% | ₹467 Cr 16.5% | ₹401 Cr 74.3% | ₹230 Cr 16.8% | ₹197 Cr 51.5% | ₹130 Cr 15.0% | ₹113 Cr 9.6% | ₹125 Cr 468.2% | ₹22 Cr |
| CWIP | ₹11 Cr 8.3% | ₹12 Cr 61.3% | ₹31 Cr 244.4% | ₹9 Cr 125.0% | ₹4 Cr | ₹0 Cr 100.0% | ₹4 Cr 300.0% | ₹1 Cr 80.0% | ₹5 Cr |
| Investments | ₹38 Cr 0.0% | ₹38 Cr 5.6% | ₹36 Cr 44.0% | ₹25 Cr 1150.0% | ₹2 Cr 0.0% | ₹2 Cr 100.0% | ₹1 Cr 0.0% | ₹1 Cr | ₹0 Cr |
| Other Assets | ₹1.7K Cr 1.9% | ₹1.6K Cr 72.3% | ₹942 Cr 3.9% | ₹907 Cr 34.0% | ₹677 Cr 81.5% | ₹373 Cr 35.1% | ₹276 Cr 6.8% | ₹296 Cr 7.6% | ₹275 Cr |
| Total Assets | ₹2.2K Cr 2.7% | ₹2.1K Cr 51.8% | ₹1.4K Cr 20.4% | ₹1.2K Cr 33.1% | ₹880 Cr 74.6% | ₹504 Cr 27.9% | ₹394 Cr 6.6% | ₹422 Cr 40.2% | ₹301 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹90 Cr 550.0% | ₹-20 Cr 164.5% | ₹31 Cr 1650.0% | ₹-2 Cr 111.8% | ₹17 Cr 73.0% | ₹63 Cr 75.0% | ₹36 Cr 263.6% | ₹-22 Cr |
| Investing CF | ₹-476 Cr 1112.8% | ₹47 Cr 138.2% | ₹-123 Cr 52.0% | ₹-256 Cr 966.7% | ₹-24 Cr 140.0% | ₹-10 Cr 33.3% | ₹-15 Cr 15.4% | ₹-13 Cr |
| Financing CF | ₹502 Cr 965.5% | ₹-58 Cr 146.4% | ₹125 Cr 49.8% | ₹249 Cr 857.7% | ₹26 Cr 157.8% | ₹-45 Cr 125.0% | ₹-20 Cr 157.1% | ₹35 Cr |
| Net Cash Flow | ₹116 Cr 462.5% | ₹-32 Cr 197.0% | ₹33 Cr 430.0% | ₹-10 Cr 152.6% | ₹19 Cr 137.5% | ₹8 Cr 300.0% | ₹2 Cr | ₹0 Cr |
| Free Cash Flow | ₹19 Cr 120.2% | ₹-94 Cr 9300.0% | ₹-1 Cr 98.3% | ₹-58 Cr 728.6% | ₹-7 Cr 113.0% | ₹54 Cr 134.8% | ₹23 Cr 165.7% | ₹-35 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 4d 20.0% | 5d 16.7% | 6d 100.0% | 3d 0.0% | 3d 75.0% | 12d 71.4% | 7d 0.0% | 7d |
| Inventory Days | 222d 10.1% | 247d 7.4% | 230d 0.9% | 228d 2.7% | 222d 13.3% | 256d 5.8% | 242d 1.7% | 238d |
| Days Payable | 45d 21.6% | 37d 26.0% | 50d 23.1% | 65d 12.2% | 74d 20.4% | 93d 16.3% | 80d 1.3% | 79d |
| Cash Conv. Cycle | 180d 16.3% | 215d 16.2% | 185d 11.4% | 166d 9.9% | 151d 13.2% | 174d 2.4% | 170d 2.4% | 166d |
| Working Capital Days | 127d 11.2% | 143d 12.6% | 127d 5.0% | 121d 44.0% | 84d 1.2% | 83d 15.3% | 72d 6.5% | 77d |
| ROCE | 10.0% 28.6% | 14.0% 6.7% | 15.0% 16.7% | 18.0% 20.0% | 15.0% 66.7% | 9.0% 10.0% | 10.0% | — |
Source: Screener.in · Lower days = better efficiency
About Ethos Limited
Ethos Limited (“Ethos”) was incorporated on November 5, 2007 and promoted by KDDL Limited. Ethos is India’s largest luxury and premium watch retail player
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